Al's Insights – Wed 13 Jun, 2012

Bob Moriarty answers more listener questions.

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Featuring:
Al KorelinBob Moriarty

Comments:
  1. On June 13, 2012 at 12:00 pm,
    Martin says:

    Al
    Your guest was enlightening. If what he says is true, we are all in for some very tough times. Let us hope that our banking system is not to entangled with Europe and their problems. If this thing hits the first thing we need to do is stay calm and act on the problems as they present themselves. If we panic we loose.

    Now with that being said how does having gold and silver help us if everything unravels? I understand making preparations for supply chain inturuptions and self protection but what will emerge going forward as far as commerace goes?

    Something to think about.

    • On June 13, 2012 at 2:12 pm,
      Big Al says:

      HI Martin,

      It is definitely something to think about and, trust me, I am at this very moment.

      As Bob said, have cash for a medium of exchange, have food in your home and then have gold/silver.

      Best,

      Big Al

  2. On June 13, 2012 at 2:21 pm,
    Ian says:

    Bob is spot on, when he says “buy low, sell high.
    Gold and Gold shares had a very good run from late 08, the shares topped out earlier than Gold itself.
    The time to buy Gold shares is NOW, Because they are CHEAP!!!
    My bet is we’ve missed the bottom and they have started their next BULL market.
    But don’t forget to sell them when they get expensive.
    It’s not rocket science. It’s basic common sense.

    Thanks to you Big Al for bringing these broadcasts to us.
    All the best.
    Ian In England

  3. On June 13, 2012 at 4:22 pm,
    MissiveDuTexas says:

    I’m glad to hear you guys talking about preparedness. What people are experiencing in Greece right now will circle the planet, and those not ready will be either victims or agressors. There will not be many “grey” area in such an environment.

    And of course, social unrest will be the “acceptable” excuse to post military and police on every street corner, forcing people to be at least “orderly” victimized.

  4. On June 13, 2012 at 4:33 pm,
    Jerry O^OTB says:

    iq 41 light bulb……….”.you rang…..this is the whitehouse”…..mr. obama speaking….

  5. On June 13, 2012 at 4:51 pm,
    shawn says:

    Greece has no industry to speak of, they produce feta cheese, tomatoes, and iodized sea salt. They also have some shipping left over from Onassis’s days and some offshore oil and gas deposits and that’s just about it. So when the vote comes on Sunday I can’t see how they will be able to afford any of the debt that’s owed so I’m thinking default all the way and back to the Drachma. But the German Bankers are going to convert all those Euro’s that were squirreled away in their banks into Drachma’s and give the Greek depositors a real haircut. If Greece was serious about staying in the EU their bankers wouldn’t have let the greek citizens raid the banks. Remember what happened in the 30′s when the run started the line ups formed and you were allowed only partial withdrawals or the banks shut down until there was some stability.

  6. On June 13, 2012 at 5:03 pm,
    shawn says:

    OOPS I forgot the Greek Ouzo,their most popular drink.

    • On June 13, 2012 at 5:27 pm,
      Jerry O^OTB says:

      hey shawn….do like Greek ouzo…., taste like a candy store…..one of those black jelly beans…..

  7. On June 13, 2012 at 5:47 pm,
    MissiveDuTexas says:

    shawn – Nations can produce what they need for their population. Even without renewable ressources, a nation can produce at least food. The banking system is a giant scam. Take a look at this:

    Money As Debt 1: what money is & why we are bankers’ slaves
    http://www.youtube.com/watch?v=rC720Cl3N-0

    As long as we go along with the current financial orthodoxy, we shall be slaves in the matrix.

    When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain. – Napoleon Bonaparte

  8. On June 13, 2012 at 5:47 pm,
    MissiveDuTexas says:

    I ment natural ressources, not renewable.