Hard Assets San Francisco 2012

November 17, 2012

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In this show Al discusses:

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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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    Nov 17, 2012 17:11 AM

    Al , great show! Thanks for the interview with Gary Cope. Wow, Orko sure looks like it has a great silver asset about to be taken over.

      Nov 18, 2012 18:10 PM

      You are welcome, Paul P!

      Big Al

    Nov 17, 2012 17:50 AM

    Schiff is spot on as always. I don’t feed the monster with paper based savings or “investing” vehicles. My savings are hard and always available. If it’s on paper, you don’t own it! The “fiscal cliff” is very real and we already fell over and the ground is coming quick and we are a bloaded fat pig that doubled his body mass since 2008! SPLAT!!!!!

      Nov 18, 2012 18:11 PM

      Hi Larry S,

      Peter is a very interesting and self assured individual.

      Big Al

    Nov 17, 2012 17:44 AM

    “The solution is compromise”…

    This is the mantra of the self-defined smarter-than-everyone-else independents.
    What a joke…
    The Democrats want to raise taxes 3% and grow government spending 7% this yr.
    The Republicans want to raise taxes 2.5% and grow government spending 6% this yr..
    The answer is somewhere inbetween this???? really??..All of this while John Williams of shadowstats tells us the actual yearly deficiet is 5 TRILLION$??

    The answer is a freeze on all government spending at today’s dollar level…Across the board 20% cut in government employee compensation over next 4yrs, fire 25% of all government employees immediately and tell the remaining that have to work more than 2hr/day, kick about 30 million loosers off the government dole and force them to either get a job or starve, broaden the tax base, reward businesses and entreprenuers and wealth creators with less regulation, and even more profits, repeal medicare part D and obomacare which we have no possibility of paying for..etc etc…

    That is not compromise….

      Nov 18, 2012 18:12 PM

      Theoretically Wookie,

      Of course you are correct!

      Big Al

    Nov 17, 2012 17:24 AM

    Adrian Day “I do think there is another Volker coming in any time soon”.

    Remember from 1979 to 1981 average Federal Funds rate went from 10% to over 20%. Today our debt is much more concentrated on the short end. If we raised interest rates to the average fund rate of 1979 of 11.2% the housing market, banking system and the currency would collapse. And just think Volker arrived at the Fed in August 1979 prior to the metals peak. It was the transition from negative real interest rates to positive real interest rates that put a top in the metals and transformed cash from dog catcher to king. The Hunt brothers were perp walked pilloried to de-emphasize the metals tell of the fiat fallacy. The dramatic Volker solution sent shock waves through the economy. The cost of carrying one trillion dollar recognized debt necessarily sky rocketed but less dramatically than it would today because Rubin had not yet abandoned the stability of the long term 30 in favor of Federal short end teaser rates. Any dramatic increase of Fed rates strongly into the positive interest rates realm with 16 trillion of recognized debt combined with the rapidity of short term turn over could not be sustained. Volker had farmers protest his actions with a tractor parade in DC. The farmers left their rifles and shotguns home on the farm. What would happen today if the Fed rates averaged 7% in 2014?

      Nov 18, 2012 18:52 PM

      Hi Dennis,

      I realize you were responding to Day. I don’t seem a Volcker on a white horse either. Waves of ever-increasing price inflation were hitting the US economy from the mid-60’s through early 80’s. Raising interest rates was a solution no one wanted prior to Paul V’s appointment, when the inevitable realization came that stagflation wasn’t going to go away on it’s own.

      Today, we have a Treasury in a life-and-death addition with cheap money, enabled by the Fed (and whoever it’s next governor will be…this won’t be changing). Just last week the Fed officially announced it’s desire (policy) to keep interest rates near 0% until 2016. Greece needs cheap money. Europe needs cheap money. Japan needs it. We need it….at least until the budget gets balanced and some kind of debt plan is installed. Whether annual budget deficits are $1.3 trillion of current liabilities, or $5 trillion of John Williams’ current and future liabs, 6%/10%/20% Fed funds rate isn’t going to cut it. No one will dare stand-up to the Treasury and Congress (Bernanke, in some defense, has tried in his own ineffectual way). Whoever gets to be the Fed governor will have to follow orders, or they’ll be fired instantly and replaced.

      Nov 18, 2012 18:14 PM

      Raising those interest rates is today completely impossible!

      Big Al from 35K feet

    Nov 17, 2012 17:45 AM

    Some good tech. analysis:

    Nov 17, 2012 17:55 AM

    These corrupt politicians compromising won’t solve anything. All it will do is allow them to kick the can further down the road.

    The system will still be corrupt and headed for collapse even if they do raise some taxes and cut some spending, hell even if they do a lot of that.

    None of this gets at the root of the problem.

    As Ron Paul as said for a very long time the entire roll of government must be re-examinded.

    If Amerikans want a welfare/warfare state cutting some spending and raising some taxes won’t do diddly squat.

      Nov 18, 2012 18:16 PM

      You will really enjoy the video we produced in San Francisco on Saturday night, Ken.

      As the Men’s Wharehouse guy says, “I guarantee it”!

      Big Al from 35K feet

    Nov 17, 2012 17:08 AM

    Ken. – I said it before on this forum, people have to regain control at the local and state level. And of course, the corporate media presstitutes can`t stand it:

    But the strangest of all is their apparent adoption of the odious idea of nullification. The Campaign for Liberty has endorsed the notion that the 10th Amendment allows states to ignore federal law.

      Nov 17, 2012 17:28 PM

      Yup, anyone who believes in the Constitution and limited government, hell, anyone who just has common sense to not submit to everything in that cesspool, the District of Criminals, is a radical lunatic in the eyes of the bought and paid for corporate media.

    Nov 17, 2012 17:11 AM
    Nov 17, 2012 17:14 AM

    Jury nullification is power to the people. It’s a constitutional doctrine that allows juries to acquit defendants who are technically guilty, but who don’t deserve punishment. Does this sound like anyone you know?

    This is where a Jury`s power to judge the facts of a case AND the law invoqued by the prosecutor are weighted by WE, THE PEOPLE, not some brainwashed tivi head…

    Nov 17, 2012 17:15 AM

    It’s unfortunate that Yale Simpson did not elaborate on the 3.5M stock options provided to directors on Nov 16 at 1.31.

      Nov 18, 2012 18:18 PM

      I was unaware of that. Thank you Don!

      Big Al

    Nov 17, 2012 17:26 PM

    Since Al makes frequent reference to College Football… goes:
    Prediction….. The Notre Dame Fighting Irish MVP for 11/17/2012 will be Stanford’s more than slightly Irish QB Kevin Hogan…….This after Hogan takes down the Duck’s giving ND a national title game shot.
    Reality causes us to realize it is just the eqivalent of a Roman circus. But who can say the circus is not fun to watch?

      Nov 17, 2012 17:30 PM

      Very accurate is your LAST statement….very true and may I (sadly) add that we have taken the “Roman circus and gladiatorship to a NEW level…sigh. Meanwhile, I will still enjoy my Aztec football/basketball – what can I say!?

        Nov 17, 2012 17:15 PM

        Stanford 14
        Oregon 14
        as I press send……………

          Nov 17, 2012 17:46 PM

          ND #1
          I’ll Have Another

            Nov 18, 2012 18:35 AM

            I used to be a BIG subway ND fan… not so much. But, I would LOVE to see them get another National Championship this year….oh, and, OF COURSE…it looks like the Aztecs will play BYU in the Poinsettia Bowl……gee would LOVE to see us completely HAMMER them….then off to the the BIG EAST-WEST….what?!

          Nov 18, 2012 18:20 PM

          Stanford 17and Oregon14 as I reply!

          Big Al

        Nov 18, 2012 18:19 PM

        I can say it Marc,

        Nothing like distraction!

        Big Al

      Nov 18, 2012 18:19 PM

      And you certainly called it Dennis M!

      Big Al

    Nov 17, 2012 17:31 PM

    You boyz have any Liberty Silver shares? Hope not…

    And I didn’t know Bob had a trophy wife…that’s gotta be expensive…

      Nov 17, 2012 17:23 PM

      Ken….All wives are trophy wives…..some just have a little more tarnish on them….., some times you have to get the silver polish out,….to brighten the finish…

        Nov 17, 2012 17:51 PM

        Hah…ain’t that the truth, Jerry.

        I never did have a trophy wife but did have some blue ribbon girlfriends…what’s the old saying…women, can’t live with ’em and can’t shoot ’em? Or something like that…

          Nov 18, 2012 18:37 AM

          HA! Cant….shoot em….funnie….Ken (ny)!

        Nov 18, 2012 18:27 AM

        Hey Jerry, having a trophy wife means she looks old enough to be your daughter, but the real trick is to find one that likes to shop at Goodwill and Salvation Army, take out the garbage and shovel snow or cut grass, and let you do whatever you want. That’s a bit of heaven on earth. DT

      Nov 17, 2012 17:29 PM

      read the links? james waste from the mydass lettuce should jump off the fiscal cliff, now, and take the staff of duce mafiazine along

    Nov 18, 2012 18:51 AM

    Hi Big Al,
    Were you able to speak to Mr. Anderson this weekend regarding the selling of 150k of NUG shares on the open market? I am hoping it was to help with the PP announced in Oct.

    Regards, Dan

    Nov 18, 2012 18:43 AM

    Dr. Marc Faber claims he has a picture of Bernanke on his bathroom wall, so when he sits down and sees Ben it reminds him of why he owns physical gold. HA! HA! DT

      Nov 18, 2012 18:17 PM

      I am not sure I want to have Peter holding my gold and silver, out of the country,,,,,
      The real safe place is over at the Isle of Gurensey, with my pal the Wild Irishman..He has build a beautiful new building to store all the silver and gold, ,and of course it will be free of charge for all Big Al’s friends and family……..Simply, write on this website, that you are aware of this limited time offer, and that you are in the process of shipping your gold and silver direct……Shipments are to mailed to :

        Nov 18, 2012 18:28 PM

        Becareful JerryOOfftrackBetting I may be of diminished capacity or alternatively allege the same.

        Nov 18, 2012 18:25 PM

        No that is definitely not correct.

        It is actually: Big Al Korelin, King of Dijo, Semiahmoo Washington.

        And for your protection a receipt will not be provided.

        Big Al

          Nov 19, 2012 19:41 AM

          YEAH!!!!!!! Big deal , AL . Folks i will issue TWO RECEIPT’S……….Plus a DOLLAR back guarantee………SO HURRY OFFER ENDS SOON.

            Nov 19, 2012 19:43 AM

            No Mr Irish,

            You don’t understand. I handle the receipts ( or lack thereof) and then, I thought our agreement was, that we meet in an undisclosed location!

            Big Al

    Nov 19, 2012 19:28 AM

    SHUSH!!!!!!! , AL , I’m trying to get them so confused , that we can pull an MF GLOBAL , on them & they wont even realise what’s happened………..

      Nov 19, 2012 19:03 AM

      Common Mr. Irish,

      That is supposed to be in strict confidence!

      Big Al

        Nov 19, 2012 19:44 AM

        OOOPPPPSSSSS……….Foot in mouth moment,……AGAIN.!!!!!!!!!!!!!!!!!!!!!