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Big Al and all,
Rye Patch just had a nice e-mail sent to me via Casey Research…..looks like their drill results were very positive!
I contacted Karen at the company, as promised, yesterday. Bill will be on the Weekend Edition.
Here is an excellent article – detailed primer – on the “nuts and bolts” of our paper ponzi scheme on where money comes from with respect to the Federal Reserve and our US government. A MUST READ to understand the foundation of why gold and silver is the only answer to honestly “anchoring” any financial network of goods and services. Again, IMHO, a must read!
All the best,
Soon as I get back to the studio, I will read it.
An interesting article this morning on how Yamana purchased a 3 billion dollar asset from Extorre for 400 million. I can’t believe that Yamana would purchase unless they had absolute iron clad agreements written in stone with Argentina.
I would agree with you Dai Uy,
I do not believe Argentina would ever nationalize Extorre or any other mining company unless they got a nut in office. They need the foreign investment, expertise and jobs. Chile learned the hard way.
I feel exactly the same way, Jed.
It is common to have unsound currency, unsound markets and unsound government all at the same time, but the question is how do we go from unsound conditions to a productive and sustainable economy? In other words which comes first, unsound money or unsound government, and in reverse which is possible to come first sound money or sound government?
Man, in this insane world who knows!
I like this guy more every day.
Quoting Jim Sinclair:
“Your geniuses are not that intelligent. They have no clue of the impact of currency induced cost push inflation. Thanks, but I do not need your lesson on Velocity of Money. It has been well considered and researched in past situation of similar occurrences.
“I got lesson on Velocity of Money many decades ago from the Chicago School. Donâ€™t p— off old guys who are widowers as we have nothing to risk. Stay with your historian that used the gold gang for his own purposes, and now is kissing the — of who he next wants a favor from.
“By the time your beloved chart shows you the spike the entire event will be over and you will find yourself in a strange new world you do not understand.”
So do I….he is REQUIRED reading everyday that I follow this market! Of course, right BEHIND Big Al, and company!
I too like Sinclair and own a ton of his company. However, I also like Armstrong, the one who he is attacking. I think Armstrong makes a strong case against hyperinflation in his newsletter and interview with Jim Puplava. Again, two very well respected economic gurus and odds with each other….. I dont really think anyone knows for sure.
That is a great comment, Bobby, Really, my friend, who knows for sure?
Jim is a very bright man.
Although your referenced healthcare result is possible it would be an outrage if it did. If they repeal any part of the law the whole thing should collapse as the 2000 page law lacks a severability clause. How a 2000 page law could lack a boilerplate savings clause could only be done on purpose. It is as if the drafting Congress said to the Court strike it down completely or leave it alone entirely.
The Court could use their authority an line item repeal things that they find offensive constitutionally, however to do so is very problematic.
If the mandate provision is rightfully struck down the funding mechanism and all the CBO scoring which was conducted in the run up to the vote is destroyed.
We would then be governed by the residue of a law which the costs of was crucial to the vote but which due to the mandate being remove said law becomes dramatically more expensive.
It would be like the board of a company voting to remove the cash registers from the company retail outlets and carrying on all other aspects of their business as they did prior.
If you think about it in a selfish way……such an obscene result would be good for Gold.
I think the mandate is tossed out 5-4 and the Court further finds because of the lack of a severability clause the whole law is repealedâ€¦â€¦tossing it back to the existing Congress to replace the funding mechanism. Which today’s congress will not…making Nancy Pelosi cry.
HI Dennis M,
I agree with you completely. We CANNOT AFFORD this ploy to get votes! Our country is B-R-O-K-E.
FANTASTIC EFFORT!!! That takes AGES I usually try and check on the blogs of the pelpoe who comment on mine as well as the 5 above, 5 below me in Mr Linky (if I have lots of time or am procrastinating I might do 10 above, 10 below). Even that alone is a good half day wiped out. ITs worth it though, I find reading others blogs very motivational.I like your tips for other bloggers I’ve written comments and found I cant post them because of tight security bummer. Right, have a FANTASTIC weekend and thanks for the comments on my blog.
One of Rep. Ron Paulâ€™s (R-TX) lifelong policy goals is on the brink of becoming a reality.
In a nearly unanimous voice vote on Wednesday, the House Oversight Committee approved a bill that would require the U.S. Federal Reserve to conduct a first-ever complete audit of its books and divulge details about its monetary policy discussions. The bill is expected to be taken up by the full House of Representatives sometime next month.
Paul, a longtime critic of the Fed and fiat currencies in general, had previously supported an audit that became part of the Dodd-Frank Wall Street Reform and Consumer Protection Act. That audit required the Fed to disclose its lending practices during the 2008 financial crisis, revealing that the bank doled out more than $16 trillion in loans and assets swaps to financial institutions all over the world in an effort to stabilize global markets and keep credit flowing.
Paul, however, felt that the audit which ultimate cleared the U.S. Senate was a stripped down version of what he believes is needed, and most of his colleagues now agree. His bill has garnered an impressive bipartisan coalition of more than 257 co-sponsors â€” more than half the House â€” giving it enough votes to pass.
The Senate version, introduced by Paulâ€™s son Rand (R-KY), faces a tougher road. All of its 20 co-sponsors are Republican, and it has been stuck in the Senate Committee on Banking, Housing, and Urban Affairs, which is chaired by Sen. Tim Johnson (D-SD). He has not said whether the bill will be marked-up for debate.
I just thought this was interesting. It is from “Raw Story” and I found it on the Max Keiser site.
Ya see? One need not be elected El Presidente to make a difference. I sure hope that story is accurate. There’s no way the Fed can be audited and a person not think of Ron Paul.
I hope its accurate too, i googled RP and found the same story tho. RP is not going to stop from what I read, He is obviously after liberty for the american people. Well, he is the guy that has the best chance, and I believe he knows it.
Ron Paul will go down in history as a true American HERO!
Amen, John W, amen.
It’s a shame you don’t have a donate buottn! I’d definitely donate to this brilliant blog! I suppose for now i’ll settle for book-marking and adding your RSS feed to my Google account. I look forward to fresh updates and will share this site with my Facebook group. Talk soon!
I am not doing this for the money, Deepika.
Thank you for your kind words.
Big Al, and all -
Here is one more (sorry!) MUST READ from that PHD in statistics……Jim Willie CB from Golden Jackass…warning….it is very long but excellent…that describes most ALL the different factors in the macro-economic world today that are playing out with extreme consequences on the other side of perdition (I like that word, initiated into our conversations compliments of TR). It is an amazing piece and I think…DEMANDS our attention! So, without further ado……
GO JIM WILLE!
All the best,
I know Jim and he is a very interesting man.
Armstrong suffered injuries in custody and may have been compromised himself intellectually to secure freedom.
I would go with Jim and his record.
Injuries in custody?
Martin has a new book coming out, he might be available for an interview.
Our forecast for a gold and silver rally was two days early but is started on this Friday morning. The health care nonsense with phony news on a European Bailout interrupted the REAL TRADERS who are now getting busy and are back at work