Gold, Gold, Gold
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With the action this past week in the markets, how could we do anything else!
In this show Al discusses:
- Segment 1 – Big Al opens this weekend’s show with Dr. Bart Rossi answering the question, “Why are politicians saying what they are saying?”
- Segment 2 – Big Al talks about the student loan situation which can be devastating to some young people with Bruce Mesnekoff who offers solutions to these folks.
- Segment 3 – Big Al and Peter Grandich discuss QE 3.
- Segment 4 – Big Al wraps up the first hour chatting with Brien Lundin about gold.
- Segment 5 – Middle East expert, Frank Vernuccio, discusses the current situation.
- Segment 6 – Education expert Dr. Clete Bulach discusses the state of public education in our country.
- Segment 7 – Bill Howald provides on update on the Rye Patch lawsuit.
- Segment 8 – Big Al wraps up the show with Jeremy Gray of Standard Chartered Bank.
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
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PS. Change ONLY happens when people are willing to act……Look at the Arab spring.
OOOPPPPS..sorry about the double post.
Irish,
I dont think the” Arab Spring”…is a good example….how about, well you know…. 🙂
Yeh and look what that’s turned into!
Big dawg fan Al
Irish,
Let me chime in here. That MAKES WAY TO MUCH SENSE for it to ever become a reality for us. Remember, we are talking about politicians (actors); brainless, clueless and yes, self-absorbed.
Marc
Big Al,
Compromise!!! For these guys – are you kidding me! Your are exactly right – Big Al!
HI MARC…Yes i expect you’r right, what an awful shame.
Totally self absorbed!
Dawg Fan
Great thought, MrIrish
Big, from the Husky game, Al
Hi Big Al,
Another great show and guests. This QE will devalue the US dollar down to a point where US goods will be easier to sell in the world. Best to you.
WOW KS. …Long time since i seen a made in the U.S sticker on anything.
Here’s one they could use, if the people got their act together, & got rid of the PEOPLE who are destroying the U.S………….MADE IN THE PEOPLE’S REPUBLIC OF AMERICA.
Hi IT, I am working on my latest invention it’s a manure truck that picks up The US dollar processes it and spreads it all in one go. The final mixture comes out gooey green just like what happens when tent caterpillars get squashed on a car windshield. I want to color it bright green so the sheeple can see for miles and miles. There is a line-up at the US patent office in China, they are trying to duplicate my success by rolling out their knock-offs. (no pun intended)
Hi folks,
Waiting for a pull-back, to buy some more. Could we see levels below 1700 in the short-term?
Thanks
I do not think you are going to see a pull back under 1700….the cat is out of the bag…QE 3,4,5,6,7, IS ESTABLISHED…and the rest of the world knows it, and this was the last straw……we are are headed higher and the end of the “election cycle” is at a close….and the end of the year is close at hand and the Christmas rally is going to happen…..
I certainly agree with you Jerry Arney!
Big Al
The les-paul guitar story is a good one about trying to manufacture in the U.S.
the gov is doing what they can to prevent manufacturing in the U.S. it seems.
Schiff has been saying that for awhile. Maybe wages are not low enough yet.
Eventualy we have got to see U.S. manufactureing as its going to be too expensive to import.
AL, can we get an opinion from someone that knows the oil market about oil being sold in yuan? Russia and china have made a deal to drop the american dollar for oil,
thats gotta have some kind of effect. I figure thats big news. Maybe I am wrong?
Too complicated to manufacture here except for printing money. QE to infinity. There should be duties on Chinese goods to encourage manufacturing in North America. There is no fair trade anyway.
Better still, there show be a global tax on international trade to cover the cost of the (American taxpayer funded) global police force necessary to enable global trade across the high seas and foreign ports. Let those who profit pay the true cost of goods sold–no more taxpayer subsidies from American taxpayers.
How hard can it be to understand the oil market, or the gold market, or the manufactured goods market, or any market where hard assets are changing hands, if Russia wants to buy gold they print or keystroke the ruble, what could be simpler.
The real carry trade is you manufacture electronic goods and we will print the Dollar. Money for nothing and the chicks for free. Thank-you “Dire Straits.”
DT, thats somthing I could never understand, why wouldnt a country just print what they need and purchase all the gold there is? Why dont the Rothchilds or Biulibergs purchase all the gold there is? The amount of cash required wouldnt make a dent in even their kids allownce for the month.
Hi benb, The US isn’t printing money to buy gold because they haven’t figured it out yet; and China has so much US currency that they are using to buy and hold gold but they can only purchase so much per day so the price doesn’t go parabolic and spike right off the charts. Remember Russia is purchasing $40 billion $’s per month and have done so for the last 5 or 6 years. Where do you think Putin gets his cash from?
Sorry about my error but Putin only spends $500 million US per month on gold purchases, even I can’t inflate the price of gold that fast.
seg2..student debt….”federal student loan”…..that should say it all….The govt.wants you in debt.”the debtor is slave to the lender… .biblical principals…go and own no man….
AT 18% loan, you can never repay…the” rule of 72″ says…that debt doubles every
4 year…So, go to school for 4 years…and you get to pay for the rest of your life, now that is a real exciting situation…
Yes Jerry, to top it off the banks will lend you the money to take a vacation away from slavery, so that you become indentured after all that hard work you deserve it. It’s my money and I need cash now.
LOANS….the simplest way to correct the situation is go back to having a….USUARY LAW… NO LOAN INTEREST OVER 12%….
I’m sorry, The Qur’an is a good book?
With respect to segment 5. I realise Al that your guest was quoting an Iranian that he himself had had on his radio show. However, it did appear that Frank Vernuccio shared his guest’s opinion of the Qur’an (i.e. that it is a good book like the Bible).
Yes people can have different opinions of texts & teachings. However, it is not opinions of the Bible or Qur’an that are the issue. The issue is what these books clearly say.
For example take the issue of marriage. Compare what the Qur’an says in 4:34
“Men are in charge of women, because Allah has made the one of them to excel the other, and because they spend of their property (for the support of women). So good women are the obedient, guarding in secret that which Allah has guarded. As for those from whom you fear rebellion, admonish them and banish them to beds apart, and scourge them. Then if they obey you, seek not a way against them. Lo! Allah is ever High Exalted, Great.” (Pickthall’s version of the Koran, Quran, 4:34)
Now read what the New Testament says about marriage in Ephesians Chapter 5
21 Submit to one another out of reverence for Christ.
22 Wives, submit yourselves to your own husbands as you do to the Lord. 23 For the husband is the head of the wife as Christ is the head of the church, his body, of which he is the Savior. 24 Now as the church submits to Christ, so also wives should submit to their husbands in everything.
25 Husbands, love your wives, just as Christ loved the church and gave himself up for her 26 to make her holy, cleansing[b] her by the washing with water through the word, 27 and to present her to himself as a radiant church, without stain or wrinkle or any other blemish, but holy and blameless. 28 In this same way, husbands ought to love their wives as their own bodies. He who loves his wife loves himself. 29 After all, no one ever hated their own body, but they feed and care for their body, just as Christ does the church— 30 for we are members of his body. 31 “For this reason a man will leave his father and mother and be united to his wife, and the two will become one flesh.”[c] 32 This is a profound mystery—but I am talking about Christ and the church. 33 However, each one of you also must love his wife as he loves himself, and the wife must respect her husband.
Is there any comparison?
No wonder islam is growing and christianity is shrinking. From what I hear anyway. I would think this is a fine example of the writings coming from people and not gods/profets. But, to each his own, for me liberty trumps all.
islam is growing because of the many children borne unto a muslim father while the western Chistians have taken upon themselves economic slavery and contraception. Plain and simple.
naomal…..great comments I AGREE WITH YOU…..
benb….I agree with you , Christians have been setting on their hands, and the dark side is being accepted as ok….the govt. is on the dark side, and democracy of the dark is in favor for the lack of understanding…..American will wake up , and the Christians that supporT ISREAL will be ok, the others will parish for the lack of knowledge….and that is always the case….
Yes, Arney, I agree with you about real, practicing Christians sitting on their hands.
Big Al
Jerry, I agree with everything you say except that people will be ok if they support isreal.
We know now, or should that the banks are “bad boys”
We also know that silver is the way to affect their power, all it would take to eliminate the banks is for christians to understand and buy an once of silver each.
So, yes, they should get off their hands and do somthing, the thing is people dont listen or want to, the christian teaching about money changers is not understood or followed en mass for 2000 years, the islam teaching of gold and silver coinage is also not followed. No religion has a monopoly on being deaf to their teachings.
Afternoon benb,
I am reading “From Beirut to Jerusalem and it is very interesting and educational.
Big Al
Ultimately the politicians will escape to their properties in the Carribbean, South America, South East Asia, India or China. Enough people will rise up or tune out and there will be a lot of violence.
Here in Canada, we are petrified of our govt.
Dr Rossis is 100% correct. The USA nor any country in the West has any right to engage in “nation building”.
I support the Republican platform but most of them are either directly or indirectly on a muslimbrotherhood/ Saudi payroll or yearn to be there.
These are not extremists. This is the mainstream. I know many Catholics from Egypt. It is not fit for beast nor fowl.
Vernuccio is correct but too liberal. The muslims will not attack a Russian embassy because the next day they will chop them to pieces. The other countries will bend over and serve milk and cookies.
US should carpet bomb a location. Have a lottery and wipe out 5,000. Patton would.
The problem is that the West is infested with these musloid weasels. That is THE problem.
A big 10/4 on that.
YA!!!! What ever happened to “Kill a comie for christ” week anyway? Maybe we could have, kill a moslem monday?
James,if you are petrified of the CDN govt you should spend some time abroad.
Musloid weasels ,feast nor foul and carpet bombing thousands -all on a Sunday Morning.
Nice one,James.
Al:
Might be a good time to interview Bob Moriarty on one of his recent posts on 321gold concerning his opinions about Karl Rove and Cheney and their attempts to disrupt the middle east and their motivations. See his site for his comments and then see if he will talk about it.
Bill Clinton? Honest? Straighforward? How that pathalogical lier has any credibility is beyond me? His speech, besides the fact that he winged it three times longer than it was supposed to be to stick to Obama, was complete fabrication. Talk about self absorbed. I think you are way off on this one. Charming – to some I suppose, personable – to some I suppose, like like a lot of other historical figures (you can fill in who.)
James B
I live in Canada and I am not “petrified” of our government.
Very prudent fiscal responsibility.
The left would have tried what Obama and his lot have done by now and we would be in a lot tougher shape.
Harper is doing a great job and so are his banking cronies.
Tony.
Harper is playing by the book: having Lieutenant-General Marc J. Dumais sign the mutual assistance with the US for civil unrest; having Lieutenant-General Charles Bouchard run the no-fly zone over Libya; cutting diplomatic ties with Iran, which is ALWAYS a move preceding war; Etc., Etc. And no protest from ANY of the provincial prime ministers or the opposition.
When ordered, the government of Her Majesty in Canada will also pull the plug on liquidity and bring the so called “healthy” housing market down, with all its normal consequences on the middle class.
Here, want to know how well canadians are doing:
Increases in aggregate household debt burdens since the 1980s have renewed interest in household debt and underscored the risks to household balance sheets due to rising interest rates or falling asset prices.
http://www.statcan.gc.ca/pub/75-001-x/2012002/article/11636-eng.pdf
Everything was fine prior to all the financial crisis in the US in 1999 and 2007. Canada is just not called to do the same yet.
Don`t be fooled by the mainstream media propaganda. This show is not over yet.
I think canada is “prudent” fiscaly because they are told to be, I think nobody wants turmoil in canada so as not to disrupt the flow of resoarces. Harper wants jail time for kids doing pot etc and they also have a fiat currency. Any government that actually cared about their citizens would not have fiat. He also has his butt sewn onto the american pres. butt. Canadian gov gave away what pearson gave to canada when they went to afganistan and lybia. Lost alot of respect around the world when they handed people over for torture etc. Canada britain and the states will go down together. Lets hope the rumours about unlimited oil in the states is true. We gonna need it.
James the lesser
I totally agree – Clinton is a total loser who should have been impeached.
He lied so many times that that lying to him is simply the truth.
What sort of middle aged man who is the president takes advantage of a young female intern. Is he not man enough or mature enough to send her away. Not really a man but simply a self satisfying pig with no respect for his wife or women.
What a disgrace as a president for such a wonderful country
Big Al,
The Chinese are indeed “coming”. And they will NOT stop until they have a firm grasp on a NEW RESERVE currency. People – unless you are prepared, PROPERLY – it will literally change your life in TOTALITY – and it wont be pretty – not pretty, at all!
Marc
Big Al,
I think you need to get Brent Cook on. He has been on record, A LOT, opining and indeed, lamenting, how their is TOO FEW gold deposits anywhere to be found.(Recently at the Denver Gold Forum.) Nobody, I mean, nobody (that I can find/research) in this sector has come out like he has with that opinion. Why is he so sure?! You, like a lot of us are invested in the junior/explorers. Does he have an agenda for his subscription service? Hey, a low blow? – No, absolutely not. I am just trying to get to the bottom of this. Something in NOT RIGHT! All I here from Moriarity, Grandich, Berry, Ralston, Gibson, McCoach, Casey research, etc., etc….is that there is PLENTY OF opportunity out there. So…that begs the question: Who is right and who is wrong..??????Why Brent Cook’s discrepancy?
Marc
Maybe I should have said “economically feasible” gold deposits??
For whatever reason I was inspired to tie three thoughts from the show together…here goes.
The show thoughts were:
1) From Segment #1 Dr. Rossi’s mention of the Joe Biden’s Freudian gaffe about “They want to put you back in chains!”
2) From segment #2 the overall segment about the counter-productive reality that is Guaranteed Student Loans for higher education.
3) From segment #6 the idea of Clete Bulach statement “Everything in life is about control”.
If everything in life is about control then it is true that public education in general is about control. Student loans although perceived as giving opportunity have become the equivalent of fulfilling Joe Biden’s placing students in debt chains. In colonial times someone who could not afford to book passage to “The New World” would sell themselves into indentured servitude.
The process was a market and followed this path:
1) A subject was in an environment in which he was condemned to limited opportunity. Born into a caste system he would never amount to more than his father if lucky enough.
2) A vehicle presented itself to transport him to a magical place of unlimited opportunity.
3) Because of the practice of indentured servitude prices for passage to “The New World” were bid up beyond reach of average would be adventurer. A dilemma was at hand. Do you remain in serfdom at 40 schillings a year or ironically sell yourself into servitude for a ticket to be eventually free?
4) The hopeful booked passage selling themselves for periods of years into indenture. Literally declaring themselves as collateral for a boat ride.
Today the public schools take fiefdom over their district. The student serf who is lucky enough to learn the dumbed down curriculum is presented a diploma with limited prospects. “Higher education” presents itself as a ship to potential nirvana. However, free flowing student loan money has bid up the price of College and University. In order take the higher education journey the student takes on an indenture not at all distinguishable from the one frowned upon in history. We just do not call the uniquely non-dischargeable debt in bankruptcy what it is…enslavement. We call it opportunity. A must have. At $600 per credit hour students sit in auditoriums filled with fellow student debt slave passengers being taught by student teachers while the professor writes his next contrived masterpiece of academia.
Indentured servitude whether found in history or by Ted Kennedy’s favored guaranteed student loans both bid up the cost of a needed service to the detriment of those seeking the service.
In the seventies the squares and bell bottoms borrowed their way through Frisbee college many soon thereafter discharging the debt in bankruptcy…others paid it back much more easily with inflation debased currency. The prevalence of student loan bankruptcy threatened the program but to continue the farce Ted Kennedy excluded the debt from discharge. So we now live in a country in which things not found written in the constitution become the law as if they were written. We also live in a country, in which things written in the constitution for historic cause like bankruptcy for control purposes are ignored as archaic boilerplate.
Mr. Bulach was right about control being pervasive in life. Certainly the industry that is education is more about control than it is about enlightening the student. The failed public schools system exerts control over failure. The flawed fiascos deliver an occasional literate student to a higher education boat dock. The illusion of going to any school you want is joined by a controlling price of irrevocable debt. Guaranteed Student Loans are irrevocable indentures the equivalent of selling oneself into servitude. Maybe Joe Biden was right in a figurative sense. Maybe “they” do want to put us back in chains? Just maybe we have not ever fully escaped the chains in the first place.
Excellent post!
This reminds me of a quote from Ben Swann (WXIX) that I just heard yesterday.
“You have to break through the paradigm that says its left vs right, Republican vs Democrat. Because its not. Its Liberty vs Oppression, that what the real issue is.”
Thank you Al (and fellow Korelinians) for a site that promotes critical thinking
I have been saying just that over and over. Still, some people think there is a diferance between republicans and dems. Liberty vs oppression is an excellent and accurate discription.
This next election a dem/rebublican vote is oppression, Bill Still, Roseanne Barr the Green Party, or write in Ron Paul would be a vote for liberty, heck…write in your neigbour, buddy,yourself or mickey mouse, anything or anyone other than repub or dem is a vote for liberty.
Not that benb, is true.
But the bigger question is, “do you want the current president re-elected?”
Big Al
Al, the other post you were saying you were going to read Paul Craig Roberts, try his article on the rebublicans and see if you can still vote for them. There is NO diferance between repubs and dems, BOTH are tyranny. A pattern is playing out, the SAME pattern that took Hitler to power. Step by step, ask Celente, interview him on this topic. The people prefering not to understand or refuseing to think is exactly what allows this outcome. Actually, who knows? Maybe the argument that its for the best is correct anyway.
I am starting to think that you are absolutely correct, benb!
Big Al
Are you kidding?? Roseanne Barr the empty headed nut job. Ever seen her interviews. Not sure she knows what planet she’s on.
Why is only 9:50 of each weekend beoadcast available on iTunes?
Big Al,
Great show! Have you considered posting your weekly show on YouTube? I realize there is no video, but quite a few podcasts are on YouTube and they just put up a static image rather than video; added bonus is YouTube alerts listeners as soon as another ‘video’ is posted.
Great show.
ROB…DONALD MODER…………Welcome to the common sense, & free speech show.
PS. To all you people out there who visit this site, but don’t blog,…i would say don’t be shy, get vocal, let your fingers do the talking.
hello, MR IRISH, I am new to the site, and I would like to comment on the BLARNEY STONE aquisition which your firm has been involved with. It seems to me, that since your firm has been in the metals market for a great number of years, that some of the proceeds from your mining operation could be equally divided amoung your followers…
If this meets with your approval, please cut the blarney , and transmit the proceeds asap….(quickly)
Arney,
You don’t seem to understand. It is all wired to me!
I have some pictures that Mr. Irish and In the Box definitely don’t want circulated!
Big Al
I second, third and fourth that Mr. Irish!
Big Al
I worked with a fellow that grew up near the blarny stone, said they would go there to drink too much, leave their mark and laugh at the tourists.
Now that depends on just where they left their marks!
Big Al
Al: Bernanke Fed and QE. There is another possibility why they did it, and it is could be directed at US politics. Senator Schumer mentioned to Bernanke recently, that the “Fed is the only game in town, so get to work”. I believe that is related to what prompted the Fed.
The Fed knows the economic problems in the US is structural and caused by the Government Debt and the lack of response by politicians and the public to seriously address or solve it. The recent announcement by the Fed was in a sense a responsive volley to this serious problem and to what Senator Schumer said. By doing the open ended QE announcement, the Fed has volleyed the ball of debt back into Washington’s court by in not so hinting terms that unless politicians and public get serious about this debt, the Fed is prepared to let inflation run which will put enormous pressure on all Americans, public and private to get their houses in order. In other words by letting inflation take off, either the politicians do what they have not by cutting costs, or the voters will realize that their entitlement mentalities are at odds with the growing inflation. The public will then be forced to decide whether they want their cake and eat it too, and will. either tell or replace the politicians with people that will cut spending.
At some point the fear of inflation will supersede the desire for benefits, and that is why the Fed did what they did.
Theoretically, you are certainly correct.
I don’t believe that the fear of inflation will ever supersede the desire for benefits. There are too many ignorant people out there.
Big Al
Al: It is not Fear of inflation that will supersede desire for benefits but rather the actuality of rate of decline in the purchasing power of the currency. We are already seeing the beginning of this despite the false reporting of government inflationary statistics. Hedonics, substitution and the removal of unemployed from the government counted unemployed.
Please listen to this excellent interview of Gonalo Lira by the Austrian Economist Alasdair Macleod. The government of Salvador Allende was overthrown in a military coup at the behest of many people in Chile as a consequence of Allende’s terrible blunders. Pinochet was reluctant at first, but influence by American banking and government authorities together with many Chileans convinced him to engage. This is just one example of the many wicked things the US government has done and still doing.
Thanks Clay,
I posted this on our site.
Interesting,
Big Al
Al: Additionally, there is nothing more educational to the ignorant or misinformed than the School of Hard Knocks.
Never thought of it that way Clay.
al:
What does one have to do to be able to hear this program anymore???
please advise-its been two weeks
Hi Edward, I run my labtop through my tape recorder on record via through my stereo system then I have something that really works well for my pleasure in listening to the program.
I see the US military just goes on spending.Makes Benny look like a juvenile:
http://www.theaustralian.com.au/news/world/us-set-to-modernise-5113-nukes/story-e6frg6so-1226475158037
A week later and the links to the show and its segments are dead
I have sent this to Sarah, Stewart.
We are not show what is going on here.
Big Al
Just catching up with my listening, really appreciate the special ME segment with Mr. Vernuccio. Thanks.
Please Lore,
Welcome back!
Big Al
AL…Seg.1…….Why dont the politicians, from both parties, who are HONEST & truly care about their country & its people, leave their parties, & form a new party, like UKIP here in the UK………..I believe they would get massive support, especially if they were led by DR. RON PAUL…..What do you people think of that idea.?