A sign of the times or am I just getting paranoid?
Click download link to listen on this device: Download Show
I don’t share your enthusiasm about miners at all. Gold can remain where it is now, or can plummet to levels unseen(I think $450-500 range is good for gold) Mining stocks can remain in funk for a decade or two. Many large miners will be forced to shutdown existing mines. If there is real panic in the market, first thing bank will do is sell their gold – then who’s going to buy tons of tons of metals floating around?
SF,
With all due respect – Where in God’s green earth have you been!!? Those comments lack absolutely no fundamental base….I REALLY hope you are LEARNING to speak mandarin or you can pay them off with YOUR silver and gold….oh, that is right….you don’t share the same enthusiasm for silver and gold as the BILLIONS of Asians and Easterners do. Too bad….you better learn….quick :). BTW, that is where all those tons are going to land – my friend….. A DECLINING EMPIRE DROWNS ITSELF IN FIAT CURRENCY AND DEBT…A RISING EMPIRE SURROUNDS ITSELF WITH REAL, HARD ASSETS AND REAL MONEY……..
Marc
China has increased their gold purchases 600% in the past yr…central banks the world over are buying gold hand over fist…I personally will buy silver as I’m not well to do, and gold miners. Primero is up 30+% in the past month or less…so who would not be happy with 30%/mth? I am!
On one hand, almost all gold bugs complain that gold prices are being manipulated, yet they believe that gold is going up? Paradox? U bet!
Al brings guests who basically belong to his gold bug camp, and portrays how dire the economic situation is..Anyone visited airports? Starbucks? Economy is doing just fine, stop living in your so called “confined, virtual world” World is not ending, everything is just fine..there are many sectors you can make money on WallStreet..
I bet how many on this board are in red investing in mining sector? I bet almost all of them lol
Al and Proud Canuck:
My major concern both short and long term re Gold is the significant accumalation of gold by the Central Banks of the world. And with that type of accumalation, is there not a good chance that the Governments who hold it will more easily conspire to fix prices with other central banks to control the prices by agreement to dump large quantities in a pre-planned, rotation basis to keep prices artificially low to bouy up their otherwise worthless fiat currencies and to flush out the weak hands and then buy it back again? And as gold go, so does silver. It is called price fixing but our government is immune to any such actions under the Sherman Anti-Trust law and other progeny case law.
I have a lot of question but no clear answers. I would welcome anyone’s comments re the above.
Silver fox you earned this…Al you should upload the article “when hope turns to fear” by Ty Andros http://www.24hrgold.com It’s the most important political, economic, and social article you will read this decade! I recommend everyone else read this in the meantime…Mr. fox you can wait for gold to go to 500/oz. but I think it will be a long wait as the best miners who are not located in politically unstable Africa pull gold out of the ground at 550-1k/oz! That said best wishes for your financial future.
Amen….Proud Canuck….amen!!!!
Morning Silverfox,
I am a true believer in listening to all sides of a story.
I don’t agree with you, but that has nothing to do with much of anything other than I firmly believe that at this moment in history most of the world’s economies are in such trouble that hard assets, to me, provide the only answer.
We will certainly see.
Big Al
Hi Silverfox, have you seen the article `the Summer California Went Bankrupt` http://business-finance-restructuring.weil.com/chapter-9/the-summer-california-went-bankru… and in the article at the conclusion – A recently released report by the non-partisan State Crisis Task Force, led by former New York Lt. Gov. Richard Ravitch and former Federal Reserve Chairman Paul Volker, has determined that rapidly growing Medicaid programs, underfunded pension plans, cuts in federal support, and depressed tax revenue are contributing to massive budget cuts for municipalities in California, Illinois, New Jersey, New York, Texas, and Virginia…. Then there are other states that have chapter 9 filings in U.S. bankruptcy courts: Nebraska, Texas, Alabama, and Oklahoma. http://www.bloomberg.com/news/2012-07-16/nebraska-not-california-is-king-of-municipal-collapse… It seems that its not just Europe alone now
ooops this link should work Nebraska, not California, is King of Municipal Collapse – Bloomberg http://www.bloomberg.com/news/2012-07-16/nebraska-not-california-is-king-of-municipal-coll… Also this friend of mine, he`s a WWII Veteran self-made millionaire told this morning that Starbucks has laid off more people across the country and they are going under too.
Well Marc its happened to me again this link isn`t working either…
Sign of the times –> http://youtu.be/R4xL3AjSLvM
Morning Lynn,
Very sad and very true!
Big Al
I posted the below on AL’s Sunday return from Earth Wind & Fire spot.
The documentary was referenced in the last hour of Rush Limbaugh today.
The documentary speaks volumes to the misguided economic consequences of centralized plans by a few for many. An Austrian is quick to point out that the more broad economic decsions are dispersed the better the outcomes. A few central planners
thinking high and mighty, fighting private landlords, awarding contracts to well connected, not providing adequate follow through and situating thousands in units without either equity or father’s arrived at chaos.
I once again encourage a look.
Al, after viewing it yourself I would enjoy to hear what you think.
I did not mean to re-post, but after hearing the discussion on Rush I thought it was worthy of a re-visit.
On July 22, 2012 at 8:28 pm,
Dennis M. O’Neil says:
I would ask thinkers on this site to view the following documentary:
The Pruitt-Igoe Myth
The title is available streaming on Netflix.
If you watch it…first watch it with the following swing thought….
unintended consequences.
If you comment with critical thinking caps on after watching it in that fashion…I have another thought if you are curious.
Dennis,
Personally I think men like Rush are the problem, not the solution, I would not listen to a word he says, he actually sickens me.
Bobby
Bobby,
What exactly do you mean by “men like Rush?” Have you ever actually listened to his program?
Bobby,
I completely agree. The guy is an ABSOLUTE MORON! And with an ego that could satisfy 10,000 men! His crap is the exact gasoline that fuels “the do-nothing” Congress!
Marc
Karen,
Please see Marc’s answer.
Bobby,
He is right 99.8% of the time. Documented by an outside firm. So I can’t call the Auora killer depraved but you can call Rush a moran???????
Karen,
You are very passionate person with distinct views based on your personal beliefs and the way you have perceived life that is only through your unique lens – that you can truly call your own. Although we might disagree with some stuff, if our leaders shared the same passion for some type of change then maybe we would get some where. But, at least, you would get people off their a____. Whether that place is where I would take them doesn’t really matter. All that matters is we all have opinions and we have the guts to air it out “publicly” on this blog.
All the best to you,
Marc
Karen, here is some documtation to disprove your statement that Rush is correct 99.8% of the time: dittoheads are all the same IMHO, I believe you are quoting a poll of them not an outside firm.
http://www.fair.org/index.php?page=1895/
1) I bet you think you are the epitome of tolerance
2) I was traveling between clients for some reason scanned the dial
3) It was a caller into to Rush that sited The Myth of Pruitt-Igoe
4) Anyone who characterizes a classification of people as you did is dangerous…are you going to round Rush and his listeners up….burn their libraries….you my not so subtle bigoted friend are the problem.
So, I watched the documentary, and was curious to know what your other thought was.
Looking at the documentary myself, it reminded me of urban planning in the Uk in some cities in the late 60s and 70s. Putting all the poor people in one place and moving them out of town to suburb high rises created problems too.
Nothing like Pruitt-Igoe which looked like an inner city war zone. Having absentee fathers there probably made things worse, and of course jobs moving away from the city didn’t help either, or the inherent racism that encouraged implicit segregation.
A thought I had was from something else i witnessed of late. In my area there used to be only 1 pub, and rich, middle and low income people frequented it. There wasn’t much trouble – it was very rare. But not too long ago, a 2nd pub opened for higher income customers and all the high and middle income drinkers frequent it now, leaving the other pub solely to lower income bracket customers. There has been much more trouble in the 1st pub since then. The absence of people from other incomes shows to me that their presence had a calming effect. Firstly, people of lower incomes whether unemployed or not can get to know people of higher incomes, then if a job becomes available they might hear about it, and also be in the running to get it because the people know each other socially. The ability to mix with people brings interest and empathy between the various groups, and helps bind a community together. Each brings to each other group a sense of knowledge and understanding which overall raises the behaviour of everyone.
James my other thought what one of “compartmentalization”. How the former residents of Pruitt-Igoe witnessed rampant vandalism but blamed the conditions on poor maintenance. How, the simple act of placing garbage in the proper incineration receptacle instead of throwing it in a smelly pile for someone else to deal with was a problem of somebody else. Not their own. It is like the teenage who when his parents are away piles up cereal bowls in the sink knowing the dish fairy will be home soon.
Everyone was responsible for the conditions of the project, broken windows, urine saturated elevators, sex and drug laden stairways, arson, rape, murder…….except those that lived there. It demonstrates a total lack of responsibility. Now when the teenager’s parents return home to find the dishes in the sink two things can happen:
1) The dish fairy arrives;
Or
2) Son…..get you but down here and clean up those dishes and never let them pile up like that in the sink ever again
We live in a society with too many fairies taken care of too many people that lack any responsibility.
Amen, Dennis M!
Big Al
Personal responsibility is a problem for society, largely created by big government. The fathers of children in Pruitt-Igoe were not allowed to live there because otherwise, the mothers would not be allowed to have a home for their children or get benefits. The inherent ignorance of racism did great damage also. White people did not live with black people. The whites moved away because they could afford to, as white people were more likely to have a jobs in the first place. The jobs, largely created by white people in white organisations, migrated beyond the city limits, and left an impoverished underclass with nowhere to go.
I agree in life personal responsibility is so important, but only in a society of small government can it work. Government steals it by making the prime relationship between state and individual instead of individual with individual, or in the case of Pruitt-Igoe, stealing the bond between father and children, family and family and building and building.
Government has no place ruling the roost over families. By funding poor people they prevent poor people from taking responsibility for themselves, and encouraging the best of them to build businesses.
Back in the early 1900s child labour was was outlawed. But, decades prior to that people that could afford to put their children through higher education did so without the impetus of government. The effect of outlawing child labour was to impoverish those families that remainded – many poor families that relied on the labour of their children to help support the family as a whole. In the UK, the effect was to create a permanent lower class, and as the welfare state increased over the years, it created a permanent underclass which had never existed before. This underclass is fully funded by the state and has been now for around 30 years. I sense Pruitt-Igoe is iconic of something similar that happened in the US as had happened in the UK, except in the UK the welfare state is a much stronger force – probably because unlike the US, the UK expended all its resources in WW2, and gave all its gold to the US in exchange for the finance to help fight the Nazis. The result of the smashed economy after WW2 led to a dramatic increase in the welfare state – the concept of rationing being widely accepted into the late 50s. And of course, socialism is, in effect, rationing nationwide in any case. This concept never left the UK post WW2. Although, socialism had been festering in inner cities since the latter half of the 19th century, it took two world wars and the destruction of the British Empire to forge the welfare state. Prior to that, poor families often migrated and worked their way out of poverty through opportunity in other areas of the British Empire. The commonwealth is generally a testament to poor people that chose a self-empowering path rather than welfare.
I guess it is wrong of me to require my teenager to rinse a dish and place it into the diswasher.
James,
Very interesting and astute social comment, IMHO.
James my other thought what one of “compartmentalization”. How the former residents
of Pruitt-Igoe witnessed rampant vandalism but blamed the conditions on poor maitenance. How, the simple act of placing garbage in the proper inceineration receptacle inside on throwing it is a pile for someone else to deal with was a problem of someone not there not their own. It is like the teenage who when his parents are away piles up cereal bowls in the sink knowing the dish fairy will be home soon.
Everyone was responsible for the conditions of the project, broken windows, urine saturated elevators, sex and drug laden stairways, arson, rape, murder…….except those that lived there. It demonstrates a total lack of responsibility. Now when the teenager’s parents return how to find the dishes in the sink two things can happen..
1) the dish fairy arrives;
or
2) Son…..get you but down here and clean up those dishes and never let them pile up like that in the sink ever again
We live in a soceity with too many fairies taken care of too many who lack any responsibility.
being able to buy 4 guns in 5 weeks, is extreme , and 6,000 rounds of amunition in such a short time could not have a normal expanation. we could have more rules about the spaceing, of frequent gun purchases, and the intense and huge amt. of amunition that can be bought ,without it triping a computer on state or federal level that would suspend the right to buy weapons and more ammunition pending an investigation. this could be done on a computerized system and all gun shops and ammunition sellers should be in the same system. i believe in gun rights , but the case is colorado should have set off an alarm somewhere. By the way ammunition is very expensive now, and i hate to think how much money 6000 rounds actually costs. love to all S
Hi Scott,
The areas with the strictest gun laws have the highest crime rate. After all, the criminals are concerned for their own safety
Amen Karen, Amen. Chicago is the best example with some of the strictest gun laws in the nation. As they say, an armed concealed society (with background checks and lawful carry permits) is a more polite society. When you need a cop in seconds, a cop is only minutes away……………………….
Dai Uy,
So then why dont we rid ourselfs of those do nothing poilce and all fight for ourselves, it really worked will in the “wild west” didnt it?
Bobby,
Your comment is absurd. If someone breaks into your house do you really think dialing 911 will help? Of course not, thats when owning a gun will save your life.
Up north you are not allowed to own a firearm if you have a violent criminal record; Scott, I have some respect for your wish to curb violence…but it sounds like you trust government and the people who would be given government jobs at the taxpayers expense…I’m a small l libertarian and I don’t want them monitoring me…this is a freak incident of another looney bin case who played too many video games and may or not be on his medication…what used to be society is now highly fragmented and people feel alone and scared…I don’t think there is an easy fix.
Scott:
Am way ahead of the 6000 rounds. I figure it will be good trading stock for essentials should things go South and not for nefarious reasons……….Oh, Oh, I just probably alerted the NSA (Non Such Agency) who are probably monitoring this site. Howdy Fellas…………..
Al:
Probably just paranoid anticipating the upcoming Apple Cup or perhaps even the Aztecs on September 1st..
DU,
Paranoid about the Aztecs….now that is funny. Forgive me… my fellow alumni and head coach- Rocky Long…forgive me. But, shoot, the Husky front lines outweigh us and are probably more athletic…….YIKES!!!
Marc 🙂
Marc:
Given what you said, Al should give you at least 22 points and if Al willing to book it, heck, I’d like a piece of the action………………………..
Sure……DU…you can have a piece…if we can get Big Al…to bite 🙂
Al:
Just got back from 5 days of motorcycle escort duty with the http://www.LongRoadHomeProject.com Vets. Nice bunch of folks. Some good press in the press section. Apparently the leader of the group, Casey, and you have been playing phone tag. They will be in Montana tomorrow.
The Aurora shooting was an act of unspeakable evil by a depraved individual. We are living in a world that demands the removal of God but encourages evil and violence through music, movies, video games, etc. Aurora’s strict gun laws did not prevent this despicable incident but it certainly prevented someone with a right to carry to stop the shooter.
Karen,
You act like you ACTUALLY knew this person on a very personal level…..I think judging him on this single hideous act is a very tragic comment on your part. Until you understand how individuals can turn from light to dark and from dark to light…. (In my opinion) then you can’t truly make absolute comments regarding this very ILL individual…until you are actually crowned by GOD to be all-knowing – I humbly suggest you show a little more compassion about a VERY, VERY complex situation. Genetics, nurture and society all play a roll in tragedy…let’s not forget that. EVERYBODY is a victim in this merciless slaughter. He obviously SNAPPED and went over the edge….is that hideous? Sure it is. But, is he hideous? Only GOD knows that.
Marc
Well said, Marc
All well and good Marc but the assailant cauld have and should have been taken out. I’m sure that God would have given him a fair trial………………….
Marc, my SD blogger friend:
As they say, call for a cop or call for a pizza….Guess who will show up first?
DU,
Sure he should have been taken out…he was the deep, dark mist of insanity. Absolutely. I am just indicating to Karen my opinion regarding classifying the person as hideous. We will never know the absolute internal situation and going-ons of the young man. I am simply, stating that that will ultimately be God and only God’s judgement.
All the best, DU
Marc
Hi Karen,
I think the Aurora shooting is an act of terrorism against society, and should be picked up by the Fed with charges. Best to you.
Karen, I have to disagee with you, the shooter was completly armored. Another gunman in the room would have caused more harm then good. Missed shots, deflected bullets could haveinjured or killed many more people.
Bobby:
Had just one individual with a carry permit been in that crowded theater, notwithstanding the assailant’s body armor, most of us who carry and practice could have taken the individual out with a head shot up to 25 meters, perhaps beyond. He shot from the stage so it would have been a safe shot with no one behind the movie screen. Bloomberg is an idiot.
good point Karen
you all have good points…again no easy fix 🙁
Now living in the US, I’ve come to understand many opinions differently than what they appeared to be while growing-up in Vancouver. It’s complicated…there’s a great deal of true freedom in the United States that just doesn’t exist in other so-called Western nations. But that’s peripheral.
My summary view is largely what Roger alludes to, though a little more pointed. The US has had such abundance and opportunity for so many decades, that when someone feels they aren’t getting “their share”, envy, impatience, and anger start to take over. Road rage is caused by that. When someone feels jilted, like the student at Virginia Tech, or a certain postal worker in California, and feel hopeless, the results can be potentially unpredictable. Add a mental condition, and you’ve got a disaster.
I don’t think this happens as much (per capita) in Canada, even though gun ownership in Canada is quite high. The reason is complex but seems a mixture of British “patience” and good manners, mixed with fewer expectations of personal gratification, such that when someone’s life goes awry, they don’t immediately think terrible revenge on strangers. I could write a thesis, and won’t, but it’s a subject I’ve though about and have some reasons. Recall Montreal’s Polytechque shootings in 1990 or so, and a few other murder sprees like Clifford Olsen or Robert Pickton. Canada most certainly has had some nasty murderers.
John:
I was in Calgary for the Stampede, when the Canucks captured that grisly serial murderer only 2 blocks at the time from where I was staying who had tortured and killed 15-20 victims in California.
They refused to extradite because he would have faced the California death penalty. Canada is a Sovergein (sp) Nation and they had every right to refuse extradition unless we agreed not to inject the guy.
Canada, a number of years ago decided on National Gun registration. Again , that was their right. Only about a 50% compliance rate and the 1 million dollar registration program ballooned to one that cost about 100 million. No handguns in Canada (except for their Olympic team and the mounties, perhaps shooting clubs under strict licensure).
PM Harper(who I highly respect) and his government backed off on registration for rifle and shotguns for Canadian citizens but still have a prohibition against handguns which again for the above reasons, is their absolute right but it would never work in America. Canadians under their 1972 Charter (essentially their Bill of Rights) do not have the 2nd Amendment.
John:
Continued from the above….The Canadian 1972 Charter from Good Queen Liz(who I likewise respect) does not give our Canadian friends the same freedom of speech that we, at least currently, enjoy in our country.
I agree with you guys. The worst is yet to come, unfortunately.
I am not going to go into the right to bear arms, as that is a non-economic issue.
Paper Fox is back.Probably a Federal Reserve mouthpiece or relative,is my guess.
Think of all the world currencies that have been destroyed/devalued as the Fed is doing to the Federal Reserve note,America’s economy and the American people?
Remember Ron Paul holding up a silver dollar and stating the Fed had killed the dollar?
100 years of the Fed.95% destruction of the Federal Reserve Note.
“….the record of what you’ve done is destroy the currency,” Ron Paul speaking to Bubbles Ben Bernanke.
The desire of gold is not for gold. It is for the means of freedom and benefit.
–Ralph Waldo Emerson
That, Matt, is a great quote. Thank you!
Big Al
In the 1930’s economic times were tough, tougher than today. No mass episodes of violence occurred where innocent people were wantonly murdered. Guns were even more prevalent than today (you could purchase Tommie guns in hardware stores until 1932). The populace of that day was generally of high moral caliber. Violence in movies was minimal and there were no video games.
In the 2010’s economic times are tough, tougher than most can remember. Episodes of violence where innocent people are wantonly murdered occur. Guns are less prevalent than in the 1930’s (you cannot purchase automatic weapons without NFA approvals and all purchasers have to pass a federal eligibility screen). The populace of today is generally of lower moral caliber. Violence in movies is maximal to attract audiences with sensationalism (like the “feelies” movies of Brave New World). Violent video games are the norm (tried a ‘first person shooter’ lately?). Youth becomes inured to the sequelae of violent acts. One could argue that those who perform violent acts are doing what they were trained to do by mass media. (You doubt this….there is a new epidemic of child rape that has been observed by child abuse pediatricians only in the last few years…..12-13 year old boys molest 6-8 year old girls…why you ask?….they observed sexual behaviors on the web and acted out what they observed…they did as they were ‘taught’ by internet porn).
Are you paranoid, Al? Paranoia is excessive IRRATIONAL anxiety or fear. I suspect you are not paranoid, because with all the signs of the immoral times around us….your views are quite rational.
Hi Tex.
I have to disagree in part that “No mass episodes of violence occurred where innocent people were wantonly murdered”.
Hoover sent MasArthur, 500 hundered infantry, 500 calvary, and even tanks against the wifes and children of the men who wanted the government to give them what they promised due to the fact they were in the middle of hard economic times.
SORRY, YOU ARE IN ERROR….the dispersion of the Bonus Army was not effected with wanton killing….you should read first hand accounts.
I would say violence for sure though and that they were innocent.
Prozac facts and side effects, including deeper depression leading to suicide http://voices.yahoo.com/prozac-facts-side-effects-including-deeper-depression-30109.html ,Hi Al, several years ago a son of a friend of mine came to my door as was crying and was experiencing deep thoughts of suicide. panic attacks, etc., I came to him and prayed for him right there, then I believe through a word of knowledge asked him had he been taking anything out of the ordinary he said yes, I checked it out on the internet and found – side effects due to taking prozac that had been given to him by a doctor, right after finding this out had him stop at once his medication, he then gave me those little pills in the bottle. Then I suggested him take some B-100`s from Costco that I had and it cured him of the depression, he`s 55 years old now, about 3 years younger than me. After listening to you guys talking about all the violence in society we have been experiencing thus far, explanations are needed for these events, perhaps our dependence on drugs be they by a medical practitioner or recreational ie. over the counter or illegal this might be what`s happening in our age of instant everything culture. And the AMA doesn`t see or want you to see that vitamins have healing qualities about them. Also I`ve had at times suggested those same B-100`s to a man in his 50`s diagnosed as being schizophrenia bi-polar and in no time was off 3 medications that was costing him a fortune and he`s far better for it, because it`s natural without all those nasty side effects that seem to go with the other drugs. Its interesting that the pharmaceutical companies may be at the root of many of these forms of violence. In that their drugs they have have not done justice for all the rest of us. As far as the gun question, could it not be that all the DUI`s, booze, drugs, have killed quite a few people as well should we have a ban on cars, trucks, SUV`s, if we are going in that direction as well.
We seem to act by emotion in the country anymore, whether it be an act or our response to an action! When a nation loses its moral virtue it becomes debased and opens itself to its evil nature. Simply speaking, man has a permanent sin nature! Please forgive me, I used the sin word. We have removed prayer from our schools, instilled foolish men peranently into congress, opened the gates to immoral lifestyles (divorce, adultry, fornication, man and man, woman and woman, etc.), so here we are wondering what in the world is the cause of our problems??? The chuch is in decline, God is denied and no long welcme in this great nation….the United States of America. When “the nation repents” and “the church repents” of its sins (that ‘S’ word again) and turns back to God, then we can become a people of high moral virtue….otherwise, the economy is going to collapse within 2 years and the United States will no longer be!!!!!!!!!! And please don’t come back with that ‘greatness’ or the ‘leader of the free world’….that is no more than taking the road of a “NORMALCY BIAS”. The country is deep trouble and cannot turn around until its people turn around…..that is repent!
wyn
“simply said”
Listen to the follow-up radio with Al and Roger on this very topic today – Traderrog
Many thanks folks,
This is such an important issue that we devoted a segment on the Weekend Show to the very serious topic.
Great input from all of you, thank you.
Big Al
I totally agree with Al. When people loose everything they loose it!
Hi Al,
Here is an interesting fact which proves the decline of morals: The Legion of Decency was formed in 1934 to combat immoral movies. People took a pledge, in church, against bad movies. They pledged not only never to go to any morally objectionable movie, but never even to go to any movie theater that had ever shown a morally objectionable film. By 1975 this organization ceased to exist.
Face it, Karen, the story might just prove that a group of narrow-minded religious zealots who defined what is immoral and objectionable, and what is not, did not adapt their message to changing times, and found no followers in the younger generations many of whom were, and are, far from immoral.
impeachemall
Calling people who follow the bible “narrow-minded religious zealots” shows your intolerance and curel nature. However, you did get the root of the problem correct: People turning away from GOD!!
A hand without intention is limp. The invisible hand is moved by an invisible intelligence, just as all hands are – an all encompassing rationalisation or summation of the intellectual nature of beings, which is to say, the overall clash, to put it in simple terms, of stupidity and genius.
Intelligence itself is merely the result of a kind of laziness. The idea that the brainiest use more energy is a lie. But it would also be a lie to say they use less also. They are more efficient, and as such they have the excess to be more aware. They colonize lands they create, and co-opt those lesser intelligences to fashion those worlds.
Civilization itself is the result. In this respect, intelligence is the ultimate result of unintended consequences, or not tripping up in the dark, or perhaps even evolution.
But one must be wary, intelligence and stupidty are connected and as such are a wave, and so, stupidity will gain the upper hand, just as all imbalances in nature are corrected. A zero sum game always equals zero. Something from above or from below, it is hard to say, but the invisible hand does not know, only the invisible mind that moves it.
If there is real panic in the market, first thing bank will do is sell their gold…
Morning Medicare Alabama,
Can you elaborate a bit on your comment?
Big Al
Big Al and all,
“BARRICK SEES MINE COSTS INCREASE SIGNIFICANTLY”. Another sign that PM’s have hit a base and are not going down ( anytime soon). Hopefully, people understand that – hey, you can’t floor PM at ridiculous numbers (that some people opine on this site) and expect mines to keep chugging along. These companies are our “lifelines” to REAL MONEY in which very, very solid bases are now formed. Good luck catching up with this market when the market really takes off. Because the same people that are saying 1000 – GOLD and 14 – SILVER – are the same people that will have “deer in the headlights” syndrome when this thing really heats up again – good luck with that!
All the best,
Marc