United We Stand – Thoughts on the Economy and Culture of the U.S..
After the San Francisco Hard Assets Investment Conference, some of the industries top minds and investors got together to discuss the current state of the union and direction of the country. Ron Paul’s chief of staff, Jeff Deist got things started with Al Korelin as the M.C. and talks by Michael Berry and Chris Berry of Discovery Investing, Rick Ackerman, Dudley Baker, and Larry Amernick. Listen to their thoughts on the economy and investing and let us know what your thoughts are on the subjects discussed.
GREAT VIDEO……bottom line ,,,,,hunker down……buy gold….and silver…..get educated….but, that is old news…..stay out of debt…..2013….
TOUGH TIMES DO NOT LAST…..TOUGH PEOPLE DO……
Al Awesome video.Played it for my sister and brother in law.They were bored of it around the 9 minute mark.I give up talking to family.They looked at Greg and i like we are nuts or kooksThey have huge debt.We always said ..to ourselves…we would help them out if things got tough.As of tonight..they are on their own.
Hi Ann, your comment is the same experience as myself in many cases. I actually got 11 people buying silver, which I thought was pretty good, but there are alot more that I see as on their own too. Some people just dont care and dont want to know, those are the people that will probly call you a conspiricy theorist.
The new meaning to me for conspiricy theory is ” I want to be ignorant” why? I have no idea but they do. Oh well, you did what you could
Hey Jerry, they used to say to us @ school, when the going gets tough the tough get going, I never did like sayings and this just proves it because the tough stay and fight. DT
War always makes the country that is waging that war poorer…we have an enormous military,a terrible dollar and horrible tax and fiscal policy.Jeff Deist
Significant tax increases-over fiscal cliff will cost $7,000 per median family income /yearly.
We are heading into a very serious recession.
Bigger problem is our currency.Fed wants to inflate and that means the dollar value falls.So,taxes will certainly increase.
We will not recover in this country until we have a new credit cycle.
$5,000 gold and $150 silver.
We will replace the dollar with ten cents on the dollar. Michael Berry
We are hell bound for hell. The economy is not going to escape the implosion…
Positive change is not going to come as part of a process…very severe adversity is coming-our country is bankrupt,our dollar is worthless,we have to face the consequences.I hope we come out of denial.Rick Ackerman
$5,000 gold is going to be a lot of problems for our family and friends.
This is a big world.Those living in the US thinking they are going to escape US taxes -good luck guys-US citizens are taxed on worldwide income.
It is hard to see the end game,the debt is going to be a killer,hard to see how we work ourselves out of this situation without a terrible catastrophe and terrible end.Dudley Baker
Forget the government.Work around the government.All we have to do now is get rid of the bad government. Jeff Deist
Fears of Argentina default after US debt ruling, what is this the pot calling the kettle black, weird or what?
The debt bomb bubble is about to visit more countries especially those doing the preaching about fiscal responsibility. DT
America has had a long history of placing and then taking Argentinian assets on the discount counter.
Big Al,
Wow. Really enjoyed that. Seeing these guys think off the top of their head without much prep was cool. Not the same as when they write their newsletters/blogs. Always admire your ability to discuss politics and economics without it deteriorating into name-calling and personal attacks.
Donald. I totally 100% agree.Big Al does have the ability…sure wish i did..
HI , ANN , & DONALD………Al has the ability to be a GREAT AMBASSADOR ……………………Mr Obama . I have a man who could replace ..Clinton , & Rice . Who would do a better job than the two of them put together . & also save the American people BILLIONS of dollars a year…..By just “TALKING” , rather than “WARRING”…………His name is ..ALEXANDER KORELIN…………….So anybody reading this who has access to the ..BIG O…..please pass this on.
BTW……Our friend …The Mogambo Guru , has a piece over at GOLDSEEK
You go Irish…You go! Now lets belly up to the bar and have a guinness a shot of good ol’ fashion IRISH WHISKEY :)>>>>>
“WHEW! THIS INVESTING STUFF IS EASY….gold, silver and oil!” The Mogambo Guru
Marc….I like the gold and silver idea……oil is much to manipulated, plus it is hard to store…..ootb
This investing stuff is NOT easy. Gold is getting hammered again today, maybe that trader knew something? As the fiscal cliff approaches without any resolution you would think gold would be hitting all time highs – but it isnt the case. In danger of giving up $1700. Buy and hold is becoming buy and hope. I am sticking with it but let’s all be intellectually honest.
I am intellectuallly….honest. I am. But, this takes patience, perseverance and prudence. With all due respect, I possess those traits – and SO DO YOU….JAMES, the lesser!! We will survive the short term glitches AND we will survive AND prosper in the long term…hang in there my friend!
All the VERY best,
Marc
And that goes for all my fellow “Korelinites” that actively blog and spill their intellectual GUTS out to ALL of us! Just think you guys are the one percent that GET IT…..WOW!!!
God Bless you all!
come’on james you SHOULD know this is the first delivery option date for the silver and gold market…..its hammer time!
I feel sorry for you as you’ve made fantastic money with your investment far more % gains than the average investor retaining your purchasing power yet you always look from the top down???? your glass is always half-full…I too are in your very fortunate % gain club but I look up at the continued potential and buy when these opportunities arise, as they do again and again and again since $400
Perhaps you should pull a RipVanWinkle turn off your monitor and fire it up in 2015….just make sure your sitting down as your not going to like the price………it will be far, far higher……….chill buddie…..the Greedy become the Needy!!!
james…..this is just shaking out weak hands….you need to look down the road ,,,at least until spring…..just, add 20%return on 1730….and that is about where you will
be….AND then add 20% for the next six months ,and then subtract a 37% retracement, then wait 6 months….then add 20%….then take another 35% retracement….then add 22% ,,,then so on and so on and so…….think about 6 more years of this stuff and you will be ok…
or insane
Marc and JJ – You are both right. I know I know. Thanks!!!
Well, the PMs were taken to the woodshed again today and that’s a positive. The dollar will in all probability see a move up next week and the PMs will feel more pressure. They in all likelihood will feel pressure until the first of the year (2013)—so much for those “experts” that were talking $2000.00 gold, let alone $1900.00 gold, let alone $1800.00 gold by the end of the year—-I’m sorry, I couldn’t resist that. This should be the scenario as long as the “fiscal cliff” isn’t resolved in the next 3 weeks. When the current “fiscal cliff” is resolved, the PMs should then start their long arduous path to new highs. The can will be kicked down the road in the next 3-4 weeks with probably a blueprint toward resolution of the debt with the “details” to be worked out in the future,……. 2013 will be the year we move higher in PMs. It will not be a straight parabolic move up but a continuous move up.
richard……there is some mention of the fed…doing QE4 .. buying 85billion in treasuries per month , starting very soon…that will bring the total over $1trillion,
how will that effect the scenario?….I think we are going to see, $2000 sooner than we think…..
I might add (as mentioned about 6-8 weeks ago), the conventional markets will outperform the PMs. Then watch out the first of the year for the conventional markets—–the earnings will struggle again to meet expectations.
Richard,When the Crimex sets prices on gold and silver every Friday (without meaningful or fair governance and regulation) I will never see how that is positive.
America is not facing a fiscal cliff,it is facing economic obliteration.
It’s a positive since it’ll allow those of us that know the general direction of the PMs to be able to purchase them and related stocks and resource stocks at lower prices. We are in a waiting game right now that requires patience but that patience will be rewarded for those that are patient. I’m probably a little more optimistic then many since I believe we do have a chance to get out of this deep economic hole that we’ve dug—–but it will take years and the opportunities for the astute will be many.
Great, great comments Doc….agreed about opportunities that will abound. Yes, I mentioned to James, the lesser…..only patience, perservance and prudence WILL PAY OFF! As in, prudent NOT to be shoved to the wrong side of this trade. THE TRADE WILL BE PM’s, pm and resource stocks for the forseeable future!
Marc
Criminal activity sanctioned and protected by govt leads nowhere but to nasty trouble,whether one believes they are insulated and protected – or not.
I don’t think the govt or Fed have stated a viable,realistic solution to America’s spiraling debt and unfunded liabilities nightmare but I would be very happy to hear yours,Richard.
America has to stop treading water and start walking again and that can only happen if you are fiscally responsible and for that it means BRING THE TROOPS home that’s the beginning of turning the situation around.
Trying to maintain a huge welfare warfare system will end the American way of life. It just can’t be afforded by any country let alone one that’s bankrupt. DT