Weekend Show – Sat 29 Sep, 2012

Economic Turmoil, Gold, Silver and Publicly Traded Companies

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What an interesting week it has been. More economic turmoil, especially in Europe. We discuss the implication of this and, of course talk also about gold, silver and publicly traded companies.

In this show Al discusses:

 


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

Click download link to listen on this device: Download Show

 


Featuring:
Al KorelinPeter GrandichLindsay HallDavid McAlvanyChris TempleRick Ackerman
Marshall BerolPeter Sepp
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Comments:
  1. On September 29, 2012 at 3:24 am,
    CFS says:

    Segment 1:
    I believe Mr. Grandich was correct in saying a Romney win means that Bernanke would not be re-appointed. However, I feel he failed to follow through with thinking about any new appointment. No matter who is appointed as head of the Fed, QE HAS TO BE CONTINUED to keep interest rates low. because the US cannot afford interest rates to go up. The rest of the FOMC committee is fully aware of the problem.

    • On September 29, 2012 at 6:26 am,
      MissiveDuTexas says:

      CFS – Go back to the 70`s, when people had enough of inflation, the FED raised the rates. Very well oiled strategy going back, ho, I don`t know, hundreds of year?

      “If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…I believe that banking institutions are more dangerous to our liberties than standing armies… The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” – Thomas Jefferson

      • On September 29, 2012 at 7:05 am,
        CFS says:

        Rothchild agreed; that he who controls the purse strings controls the country.

    • On September 29, 2012 at 8:00 am,
      Marc says:

      CFS,
      As I have said many time before, our fate is a MATHEMATICAL certainty -it does matter if MR. MAGOO is Fed Chief and Donald Duck is President – we are simply past the POINT OF NO RETURN – you are of course right on and I agree whole heartedly. And, for what it is worth I AM 100% vested in gold, silver, PM STOCKS|FUNDS, Natural resource funds and OF COURSE – BLACK GOLD – OIL!
      Marc

      • On September 29, 2012 at 9:21 am,
        Marc says:

        Please NOTE: It does NOT make me feel good to invest according to the evil, debauchery and greed in the world……BUT, this world demands that we should be somewhat pragmatic – and that is what I am doing – along with praying – that is ALL we can DO. I think we should ALL heed that.
        Marc

      • On September 29, 2012 at 11:36 am,
        CFS says:

        The mathematical certainty is true only in the first approximation.
        Printing money buys time and causes inflation eventually.
        If the bought time is used effectively to stimulate growth and if the rate of GDP growth can be made to exceed the rate of indebtedness growth, then eventually the “mathematical certainty” recedes and eventually disappears.

      • On September 29, 2012 at 3:08 pm,
        Big Al says:

        Boy was I mistaken, I thought you were a serious collector of Aztec memorabilia!

        Big Al who is buying up Dawg deals!

      • On September 29, 2012 at 3:30 pm,
        JerryO^OTB says:

        Marc….do not forget to diversify…..never put all you eggs in one basket,,or if you do , watch them like a chicken hawk…..

        • On September 29, 2012 at 4:09 pm,
          Marc says:

          You GOT IT…Jer…you got it!
          All the best,
          Marc

    • On September 29, 2012 at 2:50 pm,
      Big Al says:

      Yes, they certainly are cfs!

      Big al

  2. On September 29, 2012 at 3:50 am,
    CFS says:

    Part of the problem in Europe was that if you spent money on infrastructure then much of that would be reimbursed from central EU coffers. Many of the new highways and rail and port structures have been rebuilt from central not country funds. Some of the american readers of this blog probably never leave north america, but if you have been to the caribbean island of St. Martin, the port for cruise ship at the French end of the island was built by funds from the EU. Those funds completely dried up, which left problems…. See:
    http://www.telegraph.co.uk/finance/financialcrisis/9573568/Valencia-the-ghost-city-thats-become-a-symbol-of-Spains-spending-woes.html
    (I do like the new port at Valencia, though!)

  3. On September 29, 2012 at 3:56 am,
    CFS says:

    Segment 5:
    Chris Temple has not crunched the numbers yet.
    It is no longer acceptable to talk in generalities, or look at history for the US.
    The US is Greece, hidden behind a smokescreen of money printing.
    This time it really is different.

    • On September 29, 2012 at 8:07 am,
      Marc says:

      CFS….BINGO!

    • On September 29, 2012 at 2:51 pm,
      Big Al says:

      I have to agree, cfs

      Big Al

  4. On September 29, 2012 at 4:03 am,
    CFS says:

    Segment 6:
    Good insider data:
    Filing
    Date Transaction
    Date Insider Name Ownership
    Type Securities Nature of transaction # or value acquired or disposed of Price
    Jun 21/12 Jun 21/12 McLeod, Robert John Direct Ownership Common Shares 10 – Acquisition in the public market 45,000 $0.130
    Jun 14/12 Jun 13/12 McLeod, Robert John Direct Ownership Common Shares 90 – Change in the nature of ownership -205,375
    May 15/12 May 14/12 Keay, Aaron Direct Ownership Common Shares 10 – Acquisition in the public market 50,000 $0.170
    May 9/12 May 9/12 Keay, Aaron Direct Ownership Common Shares 10 – Acquisition in the public market 50,000 $0.175
    May 3/12 Apr 27/12 Keay, Aaron Direct Ownership Common Shares 10 – Acquisition in the public market 100,000 $0.220
    Aug 28/12 Apr 3/12 Sun Valley Gold LLC Control or Direction Warrants 16 – Acquisition under a prospectus exemption 2,500,000
    Aug 28/12 Apr 3/12 Sun Valley Gold Master Fund, Ltd. Direct Ownership Common Shares – Acquisition under a prospectus exemption 5,000,000 $0.340
    Aug 28/12 Apr 3/12 Sun Valley Gold Master Fund, Ltd. Direct Ownership Warrants – Acquisition under a prospectus exemption 2,500,000
    Aug 28/12 Apr 3/12 Sun Valley Gold Master Fund, Ltd. Direct Ownership Warrants

  5. On September 29, 2012 at 4:23 am,
    CFS says:

    Segment 7:
    I have to disagree with you Big Al when you say the president is not a terrible human being.
    He has put his own re-election a top priority; above doing what is best for the country.
    He has lied and been shown to have knowingly lied.
    He has blamed everyone except himself for the mess the US is in.
    He has repeatedly ignore the constitution e.g. in appointing any number of czars, without confirmation. Making executive orders where and when he feels like it, without consulting Congress according to the Constitution. This is an evil man.
    Worse than that HE IS totally INCOMPETENT.

    • On September 29, 2012 at 5:30 am,
      Bobby says:

      CFS, This shocks you? The man is a politician.

      • On September 29, 2012 at 11:05 am,
        CFS says:

        I remember when not all politicians were corrupt.
        I do not find it acceptable for a politician to do other than what he believes is best for the country. When any politician knowingly chooses re-election over behaving in the best interests of the country, it totally disgusts me.

        • On September 29, 2012 at 1:41 pm,
          Bobby says:

          It all started with RM Nixon

        • On September 29, 2012 at 4:47 pm,
          irishtony says:

          cfs…..not only doe’s it disguste’ me i want to wipe these people of the face of the earth………………….bring on the revolutionj.

    • On September 29, 2012 at 5:32 am,
      irishtony says:

      cfs….Re. AL’s , Remarks about Obama…..I feel i have to sympathise with AL….He is running this public show which can be listened to & read by anybody & everybody, & we on this show knowes what that means, they have ears & eyes everywhere….Therefore AL , has to be very diplomatic about what he say’s & prints. IMHO…..Sorry AL if am off base i do appolagise.

      • On September 29, 2012 at 5:41 am,
        JerryO^OTB says:

        Irish….this is true….and this gives us the ability to call OBAMER A SON OF A …..(fill in the blank)

      • On September 29, 2012 at 9:32 am,
        Dennis F. Brophy says:

        I too have made remarks, that I`m sorry to say have hurt Al which I`m sorry for. But have to refrain from doing on his show or else…Al seems to have to be like a diplomat while still trying to have a theme moving on the program. I appreciate to still be able to comment from time to time on his show, but one must know his(mine) bounds in order to have a stay here — no loose cannons.

        • On September 29, 2012 at 10:39 am,
          irishtony says:

          Dennis….For what it’s worth , i have oversteped the line on a few occasions , i believe Al has repremanded me when i have , i now try to control what i say..(which i find difficult as i like to say it as i see it ) . However this is AL’s show & he gives us all a platform of free speech….for which i am greatful…so for that reason i have Great Respect for the MAN.

          • On September 29, 2012 at 11:39 am,
            CFS says:

            I too apologize if I have offended the Big One.

          • On September 29, 2012 at 3:12 pm,
            Big Al says:

            The Big Dawg is all forgiving!

            Remember, I learn more from all of you than I learned as an undergraduate the the U Dub!

            Big Al

          • On September 29, 2012 at 3:10 pm,
            Big Al says:

            When have I ever reprimanded you?

            Big Al

          • On September 29, 2012 at 3:33 pm,
            JerryO^OTB says:

            Big Al….I repremanded Irish the first time he was on the site…..about….07, I think, he has really cleaned up his act…..he is a great contribution when available….lol…ootb

          • On September 30, 2012 at 1:58 pm,
            Big Al says:

            I completely agree, In the Box!

            Big Al

          • On September 29, 2012 at 3:34 pm,
            JerryO^OTB says:

            of course I am just having fun….with the irish……

      • On September 29, 2012 at 3:02 pm,
        Big Al says:

        You hit a home run, Mr. Irish,

        Big Al

    • On September 29, 2012 at 2:56 pm,
      Big Al says:

      I said that because I don’t know the man. I have obviously never had a conversation with him.

      I simply do NOT AGREE with his agenda.

      Show me a politician who doesn’t blame everyone under the sun other than himself/herself.

      Big Al

  6. On September 29, 2012 at 4:35 am,
    irishtony says:

    Judge throws out CFTC’s position limits rule

    Friday, September 28th
    A U.S. judge handed an 11th-hour victory to Wall Street’s biggest commodity traders on Friday, knocking back tough new regulations that would have cracked down on speculation in energy, grain and metal markets.

    Judge Robert Wilkins of the U.S. District Court for the District of Columbia threw out the U.S. Commodity Futures Trading Commission’s new position limits rule, and sent the regulation back to the agency for further consideration.

    Wilkins ruled that, by law, the CFTC was required to prove that the position limits in commodity markets are necessary to diminish or prevent excessive speculation.

    Source: Reuters

    • On September 29, 2012 at 5:51 am,
      JerryO^OTB says:

      this is just part of the political pay back to the judges…..where does the judge get his check….govt.employee…..there is no separation of the three powers…no checks and balances….only checks to the crupt….oh,,,,btw….how are you doing ,MR.IRISH…

      • On September 29, 2012 at 6:46 am,
        irishtony says:

        HI JERRY….I am doing good thank you…..Have you been reading …cfs…over the last few days….Wow , he’s a one man show, i have always liked reading his stuff, he is well traveled, so has a very good understanding of what’s going on around the world, which gives him a more rounded consept of where we are today…anyway you take care & enjoy the rest of your weekend.

        • On September 29, 2012 at 6:54 am,
          JerryO^OTB says:

          ditto……I tried to lure cfs into a “Daily Wrap”….last week, but, he said he was to busy,but, with all his post….I think he could certainly have one big show…..cfs,,,if you read this…thanks for the contribution….respectfully

          • On September 29, 2012 at 7:02 am,
            CFS says:

            Thanks

        • On September 29, 2012 at 3:06 pm,
          Big Al says:

          Mr. Irish,

          He is actually the true “Seeing Eye”!

          Big Al

  7. On September 29, 2012 at 5:01 am,
    CFS says:

    My final comment:
    We all know that the US is a dying country; not as we knew once to be a great country.
    It may still be the best country in the world in which to live, and that is questionable, but it is decaying fast. Of course, it is not solely the fault of the President or even last last few Presidents. It mostly has been a direct result of polarization of the parties in Congress and the failure to work in the best interest of the country.
    I remember back to the days when there was rational discussion in between Democrats and Republicans in Congress, back in the days of JFK, LBJ and Nixon. I won’t say I always agreed with the decisions made, but one always had the impression they were trying to do what is best for the country. There were discussions held between the President and the leaders of the parties (BOTH parties) and compromises WERE made in the interest of the country. Now, there is no discussion, no compromises. The President, who believes himself monarch or Emperor, decides what he wants and then figures out how he will push is through. One head is not better than many. But the arrogance, spoiled brat behavior of the president is truly destructive. I cry for the country.
    The democrats hatred of business is palpable and yet it is only through business growth by which the country can be saved, if that is still possible. Yes, the crony capitalism of the Bush era should be condemned, but somehow businesses, efficient businesses have to be encouraged to grow the wealth of the country. Whether that is by deregulation or by tax breaks, I do don’t know the exact formula, but the Congress and the President are not even looking for a way to expand business. The Fed is doing what it can, but everyone knows throwing money at a problem is not the best way to solve the problem. It is so sad.

    • On September 29, 2012 at 5:39 am,
      irishtony says:

      cfs….i think you hit the nail on the head.

    • On September 29, 2012 at 2:58 pm,
      Big Al says:

      Of course, cfs, it is so sad.

      That is what I was trying to get across in today’s Daily Editorial.

      Big Al

  8. On September 29, 2012 at 5:12 am,
    JerryO^OTB says:

    seg l…..Peter G…nice update…..
    Concerning Obamer, you guys forget this Pres, has given the muslims a free ticket….foreign policy is not going to change, but, get worse, , this just might be what the controllers want….., War, …..to increase employment, and keep the war machine going.

    • On September 29, 2012 at 5:33 am,
      Bobby says:

      Jerry, were you born in americer or chiner?

      • On September 29, 2012 at 5:46 am,
        JerryO^OTB says:

        Bobby…..AMERICA….roots go back to 1623, Jamestown….family came over on the “ANNE”…religious free movement….ya, know what I mean….

        • On September 29, 2012 at 7:09 am,
          Bobby says:

          oops, my sarcasm failed me again! NICE ROOTS

          • On September 29, 2012 at 3:05 pm,
            JerryO^OTB says:

            no problem here….I always like your comments….I too, appeciate a little poking , once in a while….

    • On September 29, 2012 at 2:59 pm,
      Big Al says:

      You are really not so out of the box, In the Box!

      Big Al

  9. On September 29, 2012 at 5:25 am,
    JerryO^OTB says:

    SEG 3…..if politicans can not do the math as inferred by Walker…I bet, they do not even read the budget report, nor understand debt and credit, …….We know the sheeple does not know anything about credit or debt(household debt)….and the politicans are elected by the sheeple, so, the sheeple and politicans are a reflection of each other…..so, the sheeple with the politicans are going over the cliff……

  10. On September 29, 2012 at 5:29 am,
    Bobby says:

    Al, You are correct, Play the cards you are dealt!.. Peter is a great “arm chair quarterback” Both candidates are “War Mongers” out to support the military industrial complex, world peace is the furthest from their minds. Sorry to be critical of Peter’s speaking but it drives me crazy that he cannot pronounce an “a” at the end of a word, I only mention this in case he does not realize what he is saying.

    • On September 29, 2012 at 3:00 pm,
      Big Al says:

      No Bobby, I have found that to be fairly common among folks on the east coast. Not necessarily a bad thing!

      Big Al

  11. On September 29, 2012 at 5:31 am,
    JerryO^OTB says:

    seg 4….how about David…putting PART TWO ASIAN CRISIS , back on the screen….,I looked for it on youtube, but, am stupid and could not find it, or too lazy to look,please help…..

    • On September 29, 2012 at 5:46 am,
      irishtony says:
      • On September 29, 2012 at 5:55 am,
        JerryO^OTB says:

        HI IRISH….THANKS ,I KNEW SOMEONE WOULD KNOW…..this is the” AL” KNOWING EYE show….

        • On September 29, 2012 at 3:04 pm,
          Big Al says:

          “Knowing Eye” show?

          Big Knowing Eye Al

          • On September 29, 2012 at 3:08 pm,
            JerryO^OTB says:

            yes AL….look on the back of the dollar bill the the” pyramid with the eye” is known as the ALL KNOWING EYE……

          • On September 29, 2012 at 3:28 pm,
            Big Al says:

            I thought that eyes were “all seeing” and the other part of the body was “all knowing”.

            I am going out for a run!

            Confused Big Dawg

          • On September 29, 2012 at 3:37 pm,
            JerryO^OTB says:

            I think you are correct……

      • On September 29, 2012 at 3:03 pm,
        Big Al says:

        Actually, Mr. Irish, Sarah did put this up on our site yesterday.

        Big Al

    • On September 29, 2012 at 3:01 pm,
      Big Al says:

      Sarah should have put it up on our home page.

      Big Al

  12. On September 29, 2012 at 5:36 am,
    JerryO^OTB says:

    Bobby…..not pronouning the “a”….allows the rest of the public know what part of the country he is from……plus,this identifies him as long time New Englander…..born and raised and been there forever…..A TRUE AMERICAN, who else whould talk like that….

    • On September 29, 2012 at 6:18 am,
      Bobby says:

      Jerry,
      Frankly, to me it is a sign of an ignorant person. Sorry to be so blunk
      Your buddy always,
      bobby

      • On September 29, 2012 at 6:19 am,
        Bobby says:

        oops *blunt (shows my ignorance and lack of typing skills)

        • On September 29, 2012 at 7:00 am,
          JerryO^OTB says:

          Bobby….thanks for the response….I just wonder if he even knows or cares….but, I kind of like the difference,,,,it gives the Kentuckian acents a run for their money….

          • On September 29, 2012 at 7:05 am,
            Bobby says:

            LOL

  13. On September 29, 2012 at 6:13 am,
    Bobby says:

    Seg 2: Al I agree with you point on silver being a good investment, however there becomes a problem once you have accumulated thousands of ounces……it is hard to store, hard to move. Example: I person with 1 million net worth, using your example would have 250K in silver…today this is 500 pounds, put that into your car trunk and see how easy it is to steer. The same 250K in gold is 7 rolls of eagles, you can put that into the pockets of your cargo shorts. My point is a some point you have to stop buying silver and go to gold. By the way you can buy 1/10 coins very easily (the size of a dime) I have heard that you can even buy gold by the gram in some countries.

    • On September 29, 2012 at 7:03 am,
      irishtony says:

      Bobby…..I have to agree about the weight problim of silver, last week i decided to move my stash to a new hidy hole , so i started loading it into the pannier on the back of my bycicle i only got it half full when i heard a creaking sound….buckeled wheel …Which just goes to prove they dont make bikes as strong use’d to ..haha

      • On September 29, 2012 at 7:13 am,
        JerryO^OTB says:

        Irish,,,,I know what you mean….moving the silver is a nice problem….but, a quick get away,,,is impossible…..even a 100 oz. bar will smash your finger…yet alone, picking up three or four bars….

    • On September 29, 2012 at 7:09 am,
      JerryO^OTB says:

      Bobby…..we mentioned that point a could of weeks ago…that storeage and movement could be a problem…..so, why don;t we start our own storeage company for the sheeple who do not know yet, or better for the one’s that do know, will need a place to store amounts around the country, when the shtf(as marc would say)

      • On September 29, 2012 at 1:56 pm,
        Bobby says:

        Jerry, Actually I have considered it. This is a great need for a “good” private vault. My research tells me the “old mint” in New Orleans is the best place I could find. When the Las Vegas 24/7 Private Vaults was robbed, I nearly dropped dead. APMEX now offers a deal with the citidel vaults worldwide but only for current purchased from them. Their advertising states that there could be other options down the road. I am sure that a ones wealth in PM’s increases, they will no longer be comfortable with having the metals under their mattress’. If anyone has found a better solution, let me know.

    • On September 29, 2012 at 9:44 am,
      Keep Stacking says:

      Hi Bobby,
      How many troy ounces of silver are there in a 1 foot cube?

      • On September 29, 2012 at 9:46 am,
        Keep Stacking says:

        9556.55 troy ounces in a 1 foot cube. Not a problem for me to handle.

        • On September 29, 2012 at 10:21 am,
          Keep Stacking says:

          this cubic foot of silver has a weight of 654.788 lbs.

          • On September 29, 2012 at 1:47 pm,
            Bobby says:

            KS, you are a stronger man than I. I strain with the 50lb bags.

          • On September 29, 2012 at 3:12 pm,
            JerryO^OTB says:

            I would like to see you run with the cubic foot……mr. KS…..

  14. On September 29, 2012 at 6:19 am,
    CFS says:

    There is a youtube link given in the blog comments

  15. On September 29, 2012 at 8:18 am,
    Richard says:

    Al, you mentioned the conventional markets a number of times. Now here’s the question; why are the markets going up when for the last few months the mutual funds have seen net outflows from their funds and the average investor is not putting money to work in the markets? Also, you have selling by large investors. There is an answer to the riddle.

    • On September 29, 2012 at 10:12 am,
      Keep Stacking says:

      Hi Richard,
      If what you say is true, smart money is leaving at or near top of conventional markets going into cash and hard assets. Best to you

      • On September 29, 2012 at 12:03 pm,
        Richard says:

        There was a study recently that revealed the markets are going up as a result of corporations buying back their own shares. The comment was made that the corporations are involved in 80% of the purchasing.

        • On September 29, 2012 at 12:45 pm,
          Mark Alan says:

          It’s called “floating the shares”. Joe Biderman talks about this constantly over at his website http://www.trimtabs.com Check out his media links and watch the public videos. They are very educational and entertaining.

          Good points to bring up, Doc!

          • On September 29, 2012 at 1:28 pm,
            Richard says:

            Thanks, Mark. By the way, do you subscribe to Trimtabs?

  16. On September 29, 2012 at 8:43 am,
    CFS says:

    Folks. You do realize the U.S, has the highest corporate tax rates at 39%.
    Japan is close at 38%.
    But even socialist France holds its exorbitant corporate tax at 34%

    Now you understand why companies leave money that they have earned overseas in the country where they earned it so they don’t get taxed sat US rates.
    Especially if they earned it in a low-tax company. Of course you get a foreign-paid tax offset, but if you earned money in a 10% corporate tax country why on earth would you pay an extra 29% tax to bring the money to the US?
    The tax in the US is high, simply because the corporations don’t have a vote and the politicians want to get re-elected.
    It is my belief that corporate tax rates should be ZERO, because corporations do not really pay taxes; the taxes are built into the cost of whatever the corporation sells.
    High corporation taxes effectively end up making corporations less competitive in the international market.

  17. On September 29, 2012 at 9:25 am,
    Paul L says:

    gold commentary:
    The Silver and Gold Price Have Begun their Next Leg Up that will Carry Gold Above $4,000 the Current Correction will be Short Lived
    http://silver-and-gold-prices.goldprice.org/2012/09/the-silver-and-gold-price-have-begun.html

    • On September 29, 2012 at 2:00 pm,
      Bobby says:

      Paul, IMO, we will not see prices like that for 6-8 years. Gold was down this week after the QE announcement which tells me that deflation still has a stronghold.

  18. On September 29, 2012 at 9:42 am,
    benb says:

    Seg. 7 Agree with you Al, a natural event occuring. I believe India is paying Iran in gold for oil, there are other countries as well, including Turkey. The Chinese have been making deals to conduct business in yuan for some time now. The last huge deal that has Not been talked about here is the russian chinese deal to supply all the oil anybody wants in yuan.
    As J.Rickards explains there are many gold standards, the banks have been talking about gold being a teir one now for months, it looks like a move to help banks so they may support it. Germany has proposed a gold backed bond. That to is a gold standard. A hyperinflation happens when a currency is no longer accepted, the american public is almost completly ignorant to what is going on, it will be a long time before they do not accept american dollars. (check M Fulp as to it being accepted in europe) (check any canadian till, for acceptance in canada)The powers that be have time yet. This gives accumilaters precious time.
    @ Richard, yes thats the question, copious amounts of cash have left the markets, for some time I and others have wondered how these markets can go up with so much leaving, my guess is algorithmic trading and plunge protection. (cenrtal planning)
    @CF I agree with you but its the corporations calling the shots, the question becomes why do they taxes themselves.
    Al. Paul Craig Roberts has been explaining a couple things in his latest interviews.
    Good show.

  19. On September 29, 2012 at 9:44 am,
    CFS says:

    You don’t think goldprice.org has an axe to grind?

    In my opinion, TA indicates it can only go up in the short-term about $30 before it becomes significantly overbought. That is simply not the recipe by which a major up-leg is made. Gold will, indeed, go up, and most probably will hit new highs on the next leg. However, short of a world monetary collapse, numbers like
    $4,000 on this leg are just hype, pure hype.

    • On September 29, 2012 at 11:59 am,
      Paul L says:

      4000 could take many years to get to. 10% or so per year is possible.

      • On September 29, 2012 at 1:41 pm,
        CFS says:

        I won’t make a prediction on how high gold will go, but I do want to add some comments.
        We are in a commodity bull market, which is not likely to end in the next few years.
        However, we are currently going into (or even already in) a world recession.
        Non-precious metals, except for copper, are already decreasing in price.
        Precious metal price are determined by supply and demand and the demand component has two parts: first, a store of wealth; second, industrial (primarily jewelry) use.
        The store of wealth has two components: central bank purchases and private individual/hedge fund purchases. (One of the reasons gold has been strong over the summer is that central banks bought 150 tons of gold in June and July.) While I expect Chinese buying to continue in the next few months, I’m not sure if we won’t see some gold forced to be sold by possibly Italy or even Portugal to meet obligations.
        (The odds are this would be sold directly to China and not directly affect the market, other than by reducing China’s purchases out of the open market.
        My TA, however, is showing sideways movement (if anything slightly down) until November. But also a bottom occurring at the beginning of February next year, before launch up time. Same with silver. UNLESS, there is a Black Swan event.
        There is nothing else I can see in the charts that calls for a quick rise.

        • On September 29, 2012 at 3:27 pm,
          JerryO^OTB says:

          indication for slightly down till NOV. is caused by the election cycle….what do you think cfs….after, election hang on to your hat……

          • On September 29, 2012 at 6:43 pm,
            CFS says:

            I do not know. TA comes straight from the charts, not fundamentals.
            You may be right.

        • On September 29, 2012 at 5:40 pm,
          irishtony says:

          cfs ….i have to agree with you …regards supply & demand…thats why i am so bullish on silver……the masses cant afford gold , but they can afford silver….thats why i have been saying for the past couple of years , get into silver , because i believe silver will out peform gold in % terms…………..but hell i could be wrong………….Disclamer, I am not advising anybody to buy silver………………but if you dont…………….then you want your head examined.

          • On September 29, 2012 at 6:53 pm,
            CFS says:

            The reasons to be bullish on silver, in my opinion, are two-fold.
            Silver has a higher beta than gold.
            I believe it is probable that world-wide for major countries gold will be confiscated (with monetary compensation) before a major revaluation. I do not believe any country in Europe, not even Switzerland or Lichtenstein, will be safe.
            I believe the probability of silver being confiscated is low. (I actually believe the only country that might be safe for holding gold is India. I think the logistics for confiscating gold from 1 million Indians, a gram or two at a time ,is mind-boggling.)

      • On September 29, 2012 at 3:13 pm,
        Big Al says:

        Absolutely nothing wrong with 10% per year!

        Big Al

    • On September 29, 2012 at 12:04 pm,
      Paul L says:

      Experts on Kingworld have going from 3000 to 5000 and now even 10000 gold. They must be smokin something.

      • On September 29, 2012 at 3:14 pm,
        Big Al says:

        Shows that they are probably not experts!

        Big Al

      • On September 29, 2012 at 3:16 pm,
        JerryO^OTB says:

        Paul…..$10,000per oz… is the amount that it would take to balance the budget….of the usa…really not that to out of line…..and I think by the time they print all the worthless dollars….it will be that amount…..

        • On September 29, 2012 at 6:15 pm,
          benb says:

          Jerry, yes thats right, these guys are not “nuts”. Depends on which # is used I guess, m1,m2 or m3. Some people are saying there is so much debt now it no longer matters what # is used. Last I read it was $15k to balance the budget.
          This revaluation is a “card” the americans have up their sleeve and could play it any time they wanted. Thus the importance of an audit.
          I mentioned this awhile back, its not the revaluation of gold thats hard, its the price of rice if they do revalue. My thinking has been for awhile a revaluation wont happen until china has the gold they need. Whats been going on is obviously a transfer of gold, this happened at the end of the second war too, but to germany. not sure about japan.

          • On September 30, 2012 at 6:59 am,
            CFS says:

            The problem with using any calculation based on m1 or m2 or m3 divided by the price of total amount of world gold equals one is that:
            1. It assumes the rest of the world is irrelevant. I.e. is an underestimate.
            2. It assumes that whatever currency/ gold price we end up with there is no leverage (i.e. fraction reserve) I. e is an overestimate.
            These back of a postcard estimates may be right or may be off by a couple orders of magnitude. i.e. useless.

          • On September 30, 2012 at 3:04 pm,
            benb says:

            Hi CF, have you seen the Mike Maloney u tube with R.Kyosaki? (sp)
            He uses a calculation that has worked thruout history. Some years ago I believe he had it at around 15k. I dont know but it seemed logical to me, similar to D Morgans calculations but they are buds.

      • On September 30, 2012 at 8:36 am,
        Clay says:

        Paul: Less than 10 years ago when anyone suggested 1500/ounce they were immediately accused of the same thing, crazy or smokin something. I do understand you and your sentiment, but review a chronology of events we do know starting in 2008. We all know these events, so I suggest reconsideration of what the value of a dollar will be when it is no longer accepted as World Currency.

        It is not the value of Gold or Silver in dollars that is important, but rather the World demand of the Dollar. Following is a good article to read and keep in mind when considering the value of a currency.

        http://www.silverdoctors.com/living-through-a-currency-devaluation-2/

        • On September 30, 2012 at 9:41 am,
          Paul L says:

          Very good article. Gold and silver prices are not left to trade freely by the governments as they place caps on any gains or we would be over $2500 in gold by now. I am holding the shares instead for leverage.

  20. On September 29, 2012 at 9:53 am,
    CFS says:

    benb,
    “Copious amounts of money have left the markets”
    To be precise approximately $6 billion was taken out of mutual funds last week and approximately $8 billion was put into bond funds and money markets, if my memory of the firures is correct. That is not particularly extraordinary. (Except the potential stupidity of accepting the risk of money markets or bond funds long-term.)

  21. On September 29, 2012 at 11:06 am,
    benb says:

    CF, maybe dig a little deeper. This has been going on since MF global.
    Al, about Paul Craig Roberts, remember that he at one time had the power to call the head of the CIA into hia office and have him explain their actions to him. That is noteable I think.
    All we get to do is watch and guess where this printing will show itself, my money is on PMs. There are some explanations appearing as to why the oil price may drop to $65 a barrel, maybe can buy in yuan? or gold? This currency war is not going to stop, trade war has already begun. Cant remember the article I posted but it showed just what to expect in the states, (and all over for that matter)course everyone here knows already, I guess. Hope so.

    • On September 29, 2012 at 12:37 pm,
      CFS says:

      I believe this comment was addressed to me, but I’m sorry I didn’t understand “This has been going on since MF Global” What has been going on?

      Which reminds me. Why has the Attorney General not been impeach for not even investigating Corsine’s theft. There’s still $1.3 billion untraced and unaccounted for, if I remember the nujmber correctly.

      • On September 29, 2012 at 1:44 pm,
        benb says:

        Hi CF yes, you mention 1 week, the withraw of cash from the markets began with mf global and accelerated when I believe the 7th distict court ruled corzine committed no crime, that any monies givin to a pension fund,hedge fund,mutual fund,broker or bank owns the money, therefore if they take it its not illegal, its already theirs.
        Acceleration of monies leaving the market began then in earnist.
        Hope that answers your question too. ohh, also the hypothication and re hypothication stuff, basically WE DO NOT OWN ANY MONEY NOT IN OUR PAWS.
        Some people dont like that institutions can no longer be trusted.

      • On September 29, 2012 at 3:16 pm,
        Big Al says:

        I really don’t understand why no one was held accountable!

        Big Al

        • On September 29, 2012 at 3:58 pm,
          CFS says:

          Corsine was not investigated, not indicted and certainly not tried.
          The money trail was followed because some people deserved to be paid back some cents on the dollar.
          Last I heard,$1.3 Billion disappeared without trace – no records of it going anywhere. Just missing!
          Eric Holder refuses to hold an investigation.
          It stinks
          ! For all we know it might have been given to Obama, since Corsine was an Obama bundler.

          • On September 30, 2012 at 2:09 pm,
            Big Al says:

            Interesting comment, cfs.

            Thanks for the input.

            Big Al

        • On September 29, 2012 at 5:47 pm,
          irishtony says:

          HELL, AL…Wake up “THEY ” are all in on the scam.

        • On September 29, 2012 at 6:02 pm,
          benb says:

          No one is held accountable because the system is corrupt.

  22. On September 29, 2012 at 11:28 am,
    CFS says:

    I know everybody in the media is saying there is a currency war, but I think this is not an appropriate description. It is called a currency war because many countries are printing money to devalue their currencies; that is undeniably true. But is it a war? Rather, I believe, it should be better described as a central bankers conspiracy. I have no doubt at the G7 meetings and even possibly at the G20 meetings countries talk about debt levels and the need to create inflation. The coincident timing of much of the printing leads me to believe this is a coordinated effort. I suggest there is no war, merely a coordinated action by the central banks.
    It is best called a conspiracy because the average saver all over the world is being shafted by this action.

    • On September 29, 2012 at 5:52 pm,
      irishtony says:

      cfs….You are dead right……………it can be traced back to ..JACKSON HOLE,

    • On September 30, 2012 at 8:48 am,
      Clay says:

      CFS: Boy it sure seems that way and I have the same thinking. Nevertheless I have to question that especially my Own Thinking. Where could we be Wrong I ask? I have been told by reliable sources which incidentally confirm my own suspicious question, what these “Dark Lords of Money” are thinking and doing, and lo and behold the banking conspirators are not in agreement and are increasingly distrustful of each other. No one is really in control anymore and there is a power-grab by many bankers for control. The Dark Lords are fighting and their is a war going on between all bankers, central or not. This is why many central banks are taking delivery of gold in the tons.

  23. On September 29, 2012 at 11:31 am,
    Larry Somers says:

    One word for Lindsay… HYPOTHECATION

  24. On September 29, 2012 at 11:58 am,
    Paul L says:

    Gold technicals looking very strong now with 50 day rising sharply and has crossed the 200 day in September. 200 day is flat now and will begin rising soon. Point & figure charts showing price objective of 214 on GLD which would be about $2200 gold and that looks possible in 2013. Need to get clean past 1800 soon or we down a bit before we go up. I am going to trade part of my large gdxj position to gain some small dividends by playing the ranges in gold.

  25. On September 29, 2012 at 11:59 am,
    CFS says:

    Re Lindsay statement that Confederate notes are worthless. In fact, depending on year and condition, real confederate notes are currently worth between 10 and 100 times their face value. Rare ones, issued by southern states, even more!

    • On September 29, 2012 at 2:03 pm,
      Bobby says:

      What about the Wiemar notes, I have a fist full of them.

    • On September 29, 2012 at 3:18 pm,
      JerryO^OTB says:

      try to get your hands on a South Carolina Note…..and especially a Charleston,SC note..

      • On September 29, 2012 at 3:21 pm,
        JerryO^OTB says:

        Do you guys collect currency….obsolete, large blanket note, or silver certicates, or how about some gold notes…..how about STAR notes…..

        • On September 30, 2012 at 2:22 pm,
          Bobby says:

          I have a few of each all circulated. and some old 2 dollar bills as well. wish i had some 500 or 1000 or even one of the 10,000 bills that will on display at Binions Horseshoe in Las Vegas. the 10k notes in mint condition are bringing in over a million bucks.

  26. On September 29, 2012 at 12:03 pm,
    benb says:

    CF, a reasonable argument for sure. I read Rickards book so I am influenced by that, I also see that the bankers have been one since at least Rothchild. Some say Jesus saw it coming so maybe long before Rothchild and curcumstances permitted his expansion of it. In any case you make a good point. But you do put yourself in jeperdy of agreeing Romny Obama same thing. lol
    Just happened to see it but it is 4 years ago, u tube “ny jews embrace ahmadinejad; “zionism is not judaism.”
    Zionism is what romney supports, not isreal. actually its what everyone has been supporting all along. except for those that knew the differance of course. I didnt until recently.

  27. On September 29, 2012 at 12:14 pm,
    Dennis M. O'Neil says:

    So….I am becoming annoyed with people saying so so much.
    Is it me or have public speaking consultants validated themselves by trending clients to begin every response to a question with so?
    Do you remember in The Clinton Era when finger pointing was focused grouped as being too harsh or direct so everyone was consulted not to point an entire finger? Instead when emphasis was needed many were instructed to extend the index finger knuckle only beyond the other knuckles? Never point he entire finge! Everyone began wagging their index finger knuckles as Clinton Wagged the Dog in real life.
    So now everyone is saying so so much when being interviewed.
    Here is an example of the unfortunate trend…So I will throw John Thain under the saying so too many times train:
    http://www.youtube.com/watch?v=-GWbOwRKUvk
    Do you remember the trend a little over a year ago when every other sentence had something impacting something else. It was as if the word impact was being over played like an Abba song in the 70′s.
    So is it just me?

    • On September 29, 2012 at 4:58 pm,
      instagram says:

      So what makes you think it is just you?
      So many people notice, hate it, and try to not expose their ears to these kinds of fools.

      • On September 29, 2012 at 6:57 pm,
        Dennis M. O'Neil says:

        So what are you trying to say…..you reap what you sow?

  28. On September 29, 2012 at 12:19 pm,
    CFS says:

    If you think Obama’s idea of taxing the rich is a good idea, let me put the numbers in for you:
    The CBO estimates Obama’s tax the rich taxation will raise $5 Billion.
    Now let me write this years projected deficit in billions….
    $1.3 Trillion is $1,300 Billion
    How will the tax increase solve any problem?

    Further there is NOT ONE EXAMPLE in history of ever taxing a country’s way to prosperity or growth; indeed the exact opposite happens.

    • On September 29, 2012 at 3:16 pm,
      Big Al says:

      Yep!

      Big Al

  29. On September 29, 2012 at 12:20 pm,
    Paul L says:
  30. On September 29, 2012 at 12:39 pm,
    benb says:

    Paul, yes it would be laff able if so many didnt believe it. One BIG problem I see is that christians support Zionism, even when you point out proof of the genocide being committed. Or how about the u tube I just mentioned? These zionists are manipulating a religion for their own purposes, typical religous leaders if you ask me.
    Hopefully the people of the planet recognise what has been and is being done to them before these psychopaths blow us all to h#ll, kinda scary knowing we get the governments we deserve.

    • On September 29, 2012 at 3:17 pm,
      Big Al says:

      Correct me if I am wrong, benb>

      I believe that there is a difference between a Jew and a Zionist.

      Big Al

      • On September 29, 2012 at 3:56 pm,
        benb says:

        Al, check that vid on u tube, “ny jews embrace ahmadinejad” All they want is peace and they praise ahmadinejad big time.
        I believe it is that video that explains the zionist go against the torah.
        Knowing this really cleared some things up for me about isreal.

        • On September 30, 2012 at 2:00 pm,
          Big Al says:

          Okay, I will benb

          Big Al

        • On September 30, 2012 at 2:04 pm,
          Big Al says:

          Very interesting video.

          Thanks for the link.

          Big Al

      • On September 30, 2012 at 2:42 am,
        pixelbill says:

        Hi Al. . . There is of course a difference between Judaism and zionism; most jews are secular believing in neither God nor the Torah, and they are indifferent about Israel. There are even some orthodox sects of Judaism that believe they cannot return to Israel until the messiah returns and calls them. Most observant Jews however believe that God has called the Jews from the diaspora to return to Israel.
        benb is my favorite bigot on this site with all it’s spewing hate speech toward those who support Israel. Ironically, I support most of it’s financial and political views, just wish it would dispense with the hate.

        • On September 30, 2012 at 2:26 pm,
          Big Al says:

          You know the situation over in the Middle East is polarizing to say the least. That is really all I can say for sure!

          Big Al

  31. On September 29, 2012 at 12:45 pm,
    Dan says:

    NGM – Big Al, Since the appointment of Greg Gibson, NGM is starting to move up nicely…..43 cents now Just announced another 10 million dollar PP which will put 23 million dollars in their treasury. Looking good here, and Sprott Asset management on BNN on Friday said the company is undervalued based on the gold in the ground and with Gibson behind the wheel should move up from here. It seems they have all the credentials that an explorer needs as mentioned by Marshall Berol. NGM has the management, property, money, and location to move this company forward. Short term, looking to go into production with the high grade Jon Pol Deposit. What are your thoughts Big Al? Any chance you may be able to interview Mr. Gibson?

    • On September 29, 2012 at 3:18 pm,
      Big Al says:

      Hi Dan,

      I will try,

      Big Al

  32. On September 29, 2012 at 12:46 pm,
    CFS says:

    I was talking to a friend that has just returned from China and he reports that the reason for the turn-down in China to him appears to be due to a decreasing availability of cheap labor. (Not a lack of money, which caused the property bubble) He is also worried about the tolerance of the general public to the amount of corruption at all levels He wonders if the new politicians coming in after the Nov 8th meeting will realize that it must be reduced fairly quickly.

    • On September 29, 2012 at 5:11 pm,
      instagram says:

      Send the guy to work at Fauxcon PRC, assembling electronic crapples for a week, and if he’s 1/10th as smart as you, he’ll likely change his mind about the necessity of “cheap labor” in high-tech sectors.

  33. On September 29, 2012 at 1:49 pm,
    Tex says:

    SEGMENT 4: Once more the comment is made that there will be no difference between administrations run by the 2 major candidates. Yet earlier in the show a CLEAR AND OBVIOUS difference is stated….Mr Bernanke will retain his position with a re-election of our current dear, high, exalted, mystic ruler. Mr Bernanke will not retain his position if there is a change to the opposition.

    The point is made that politicians pass legislation based on their desires to be re-elected. A simple and OBVIOUS solution is to extend the 22nd Amendment to cover the House of Representatives and the Senate. The NEW TERM LIMIT Amendment could read:
    Section 1. No person shall be elected to the Senate or House of Representatives more than twice, and no person who has held the office in the Senate or House of Representatives, or acted as a Senator or Representative, for more than one year of a term to which some other person was elected shall be elected to office in the Senate or House of Representatives more than once. This article shall not apply to any person holding office in the Senate or House of Representatives when this article was proposed by the Congress, and shall not prevent any person who may be holding office in the Senate or House of Representatives, or acting in the Senate or House of Representatives, during the term within which this article becomes operative from holding office in the Senate or House of Representatives or acting as Senator or Representative during the remainder of such term.
    Section 2. This article shall be inoperative unless it shall have been ratified as an amendment to the Constitution by the legislatures of three-fourths of the several States within seven years from the date of its submission to the States by the Congress.

    NOTE-it contains a clause to exempt the current rulers so they will not be voting against their own self-interests (which of course they would never do).

  34. On September 29, 2012 at 3:33 pm,
    Paul L says:
    • On September 29, 2012 at 6:36 pm,
      benb says:

      Timmins is a good one Paul, first came to my attention @50 cents. I am in and out a few times, last time in was when it dipped to $1.50, I thought it interesting the %s writer was talking about, its up almost 100% from there in …a month?
      I can never understand looking for 10% gains per anum in this market. Anyway, timmins is a good one and its one I am going to ride with from here on excluding a meltdown of the whole market.

    • On September 30, 2012 at 1:58 pm,
      Big Al says:

      Yep, Paul L. Bruce and the crew continue to do a great job!

      Big Al

  35. On September 29, 2012 at 5:54 pm,
    benb says:

    Ron Paul offers a third better path

    Paul Ryan recently warned Ron Paul’s supporters: “Do you want Barack Obama to be re-elected? Then don’t vote for Ron Paul.”

    I don’t want Obama to be re-elected, but I’ll be writing in a vote for Ron Paul, nonetheless. Why would I do that when I don’t enjoy voting for someone who absolutely no chance of winning the 2012 election; I am not a hard core libertarian; I think it matters who sits in the Oval Office and I don’t even consider myself to be a Ron Paul supporter?

    This year’s election offers two dramatically different paths for the nation’s future. Both paths, however, seem seriously flawed.

    For simplicity, I’ll divide the issues in this year’s election into three categories: the economy, foreign affairs and social issues/civil liberties. The terms realist and idealist are often invoked with respect to foreign affairs, but they can be used more broadly. Most Americans prefer a candidate who is a realist on foreign policy and the economy, and some of us prefer an idealist with respect to civil liberties.

    I’ll begin by making the case for Mitt Romney.

    President Obama’s economic performance has been abysmal and there’s no evidence that he has learned anything in this regard during his first term. Granted, the president inherited a difficult situation, but he has done little to make it better. He does not seem to realize that although he can talk about jobs, he cannot create jobs. It is the drive, creativity and energy of the American people that will create jobs, but not when saddled with more and more regulations and when government spending, much of which is wasted or directed toward favored constituencies, crowds out private investment.

    With Obama, we can expect more rhetoric, more regulations and more anemic growth. Our children will have less opportunity than we had, and in the not too distant future, they will be forced to deal with a huge national debt that has done them absolutely no good. Romney’s not perfect, but he is mostly a realist about the economy.

    And now, I’ll make the case for the president.

    President Obama deserves high grades on foreign policy, particularly if he continues to keep our nation out of the Syrian morass. He is extricating the U.S. from wars it cannot win, and no one can sensibly say that he’s soft on terrorism. The U.S. regularly takes out important terrorists. Much of the world and particularly the Middle East is a disaster, but President Obama is realistic and recognizes that these situations do not need to be our disasters.

    Unfortunately, Romney seems to be an idealist on foreign policy. He’s highly critical of Obama’s foreign policy, and, if elected, he might find a way to send ground troops into Syria or another hot spot. I am amazed that individuals such as Romney, who intuitively understand that no amount of government funding and regulation will turn the Solyndras of the world into flourishing enterprises, believe that our government can turn the world’s Iraqs, Afghanistans and Syrias into responsible democracies.

    Finally, Obama and Romney are both realists with regard to social and civil liberties issues. That might seem counterintuitive because of their different views on abortion and same-sex marriage, but both will follow rather than lead their respective constituencies.

    Most of America is pro-choice, and a majority of Americans are fine with a state deciding that same-sex marriage is OK. Neither Mitt Romney nor any other president will turn back the clock on these questions, but the focus on them takes attention away from other worthy issues.

    For example, the United States has one of the highest incarceration rates in the world and imprisons more than 2 million people at any given time. Many prisoners have harmed no one, but their lives and the lives of those close to them are too often irreparably damaged. It would be terrific if we have could have a substantive debate on this issue, but if the status quo is good enough for most Americans, we can be certain that neither the president nor Romney will find any reason to rock the boat.

    So there you go. I am one for three if Romney is elected, and one for three if Obama is re-elected. Why not vote for Ron Paul?

    Howard Landis, the hartford caurant

    • On September 29, 2012 at 6:18 pm,
      CFS says:

      You might want to watch this youTube:

      http://www.youtube.com/watch?v=eAaQNACwaLw&feature=related

      • On September 30, 2012 at 2:21 pm,
        Big Al says:

        I think it is a bit doctored.

        Is it really on Romney’s official site.

        Told you this would get really nasty!

        Big Al

    • On September 29, 2012 at 8:55 pm,
      Jerry(Gator)M says:

      Benb,
      You need to re-examine your thoughts on obamas foreign policy. According to obama there is no terrorism. According to obama the muslim brotherhood has no ties with terrorists. obama is not extracating the US from wars, he’s waving the white flag and assisting the enemy with security leaks. I could go on but I think you get my point.
      Regards !!

      • On September 30, 2012 at 8:40 am,
        benb says:

        Hi Gator, the article is the opinion of Howard Landis.
        I understand what Obama has been up to, I much prefer liberty, my position is Romney/Obama have the same agenda to oppose liberty. Without a gun to my head I wouldnt vote for either. I couldnt look a child in the eyes again if I did. For me, its Ron Paul.
        But if I must choose, I like Obama as he should be better for the gold price.

        • On September 30, 2012 at 2:32 pm,
          Big Al says:

          That last comment re: gold is, in my opinion, very true!

          Big Al

      • On September 30, 2012 at 12:29 pm,
        Tex says:

        DITTO Mr Gator!

    • On September 30, 2012 at 2:16 pm,
      Big Al says:

      Your comments are really great, benb!

      I particularly agree with: “For simplicity, I’ll divide the issues in this year’s election into three categories: the economy, foreign affairs and social issues/civil liberties. The terms realist and idealist are often invoked with respect to foreign affairs, but they can be used more broadly. Most Americans prefer a candidate who is a realist on foreign policy and the economy, and some of us prefer an idealist with respect to civil liberties.”

      Thank you very much,

      Big Al

  36. On September 29, 2012 at 6:31 pm,
    CFS says:

    I look forward to the debates, but fear the moderators will mess up the debates.

  37. On September 29, 2012 at 6:56 pm,
    benb says:

    cf I have seem most or all of this before. This is the exact stuff I am talking about when I say no dif between romney/obama. A year or so ago I was repeatedly screaming “its the banks” and no one heard a word, now people are beginning to understand, hopefully it doesnt take too long for the people to realise more of who is running things. I wondered why Allison Redford (premier of Alberta) went to the Bilderburg meeting in Virginia. Somebody is calling the shots and its not our polititians.
    Paul Craig Roberts has some ideas as to who they are.

  38. On September 30, 2012 at 4:32 am,
    Bobby says:

    I did not see this posted for your enjoyment:
    http://www.youtube.com/watch?feature=player_embedded&v=53OvFHJ0Vyk