Economic Issues and Some Very Important Social Issues
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In this show Al discusses:
- Segment 1 – Daniela Cambone, Kitco’s News Editor and Producer, discusses the importance of people being as informed as possible.
- Segment 2 – Mike Niehuser, of Beacon Rock Research, discusses his recent trip to Otis Gold’s North Bullfrog Property.
- Segment 3 – Marshall Berol, of The Encompass Fund, discusses investing.
- Segment 4 – Richard Postma, affectionately known to listeners as “Doc”, discussing current technical aspects of gold.
- Segment 5 – Bill Murphy, co-founder of GATA, talks (what else) gold.
- Segment 6 – Real estate expert, Kathy Fettke, discusses the pros and cons of the current real estate market.
- Segment 7 – Clayton Cramer, prolific author and editorial contributor, discusses the fallacy of blaming prescription drugs, specifically anti-depressants, for societal violence.
- Segment 8 – Radio host Mark Walters discusses gun control.
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D.M. O’Neil, Of all the bloated Medical costs, I think anti-depressant pills is low down on the list. What is much worse was Bush’s Medicare Prescription Drug giveaway to the pharmaceutical conglomorates.
Free markets mean that if American citizens choose to take these pills, that is their business. Free markets for free men.
Cost is the least of my concerns.
My concern is the over prescription of psychotic drugs with severe side effects without indication. Thereby having millions of Americans taking dangerous drugs and in all but the most severe cases demonstrating little efficacy.
If the most severe cases are represented by the bottom quintile then 6 million of the 30 million scripts are well indicated. Assuming the bottom quintile assumption is correct then about 24 million people are taking a drug with severe side effects and according to the Harvard placebo study are benefiting little if any from the regimen.
As far as deinstitutionalization discuss by Al and his guest…….. It should be said that the psychiatric community brought this result upon itself. It should be understood that many if not most of the unfortunate patient behaviors that one thinks of are the result of psychiatric therapy itself. The side effects of these “treatments” left behind a wake severe patient injury including death. When you think of the unpleasant circumstance of a mental hospital much of the unpleasantness was/is the result of “treatment”. When you consider the severity of accepted treatment outcomes with the Rosenhan Experiment (an experiment that demonstrated the subjective nature of institutions willingness to engage long term treatment with little indication) you see that the deinstitutionalization of mental healthcare was a response to the abuse of the mental hospital system itself. And when you follow the money the deinstitutionalization occurred contemporaneous with Medicare and Medicaid being available so that the psychiatric community could more profitably fund “patient care” in a the less costly uncommitted setting.
I reiterate cost is the least of my concerns. What is my concern is the psychiatric community has a history of once standard therapies later being considered barbaric. The list includes Psychosurgery (including but not limited to lobotomy), ECT (electric shock therapy), Restraints, Isolation Chlorpromazine (aka Thorazine….aka Chemical lobotomy) all had long periods of accepted customary standard practice.
Since this forum is an economic forum this analogy will be well understood. I compare psychologist David R. Breggin (links to his work below in the thread)) with Ludwig von Mises. Both taught principled common sense truth in their fields but were considered outsiders by the “mainstream” of their respective field. Fields which had been consumed by a heavily monetized industry and politics. It is my opinion that when you search for the truth you will find goodness and become closer to God. Below is a link to a tear jerker of a movie on topic titled Dead Wrong. I believe the pharmaceutical companies and the mainstream of the psychiatric community are dead wrong.
http://www.youtube.com/watch?v=nsklIiAI5SE
I should correct David R. Breggin is a Psychiatrist.
Listen to him for just 10 minutes:
http://www.youtube.com/watch?v=MQZdUmxG1Es
David R. Breggin, Psychiatrist -Part 2- 10 more minutes
http://www.youtube.com/watch?v=ItWhnyh1xpk
I can’t agree that the mainstream of the psychiatric community is dead wrong if I understand you correctly, Dennis M.
This Subject is definitely worth looking into for me.
Thanks for the thought provoking comment.
Big Al
Al, these are weighty topics. As I mentioned above there are comparisons with what is known as the Anti-psychiatry Movement and the Austrian Economic Movement. One can even link the two movements. I provide you the unfortunate obit of Dr. Thomas Szasz.
Dr. Szasz died just last summer. His NYT obit is a great starting point for an inquiry as you put it “worth looking into”.
http://www.nytimes.com/2012/09/12/health/dr-thomas-szasz-psychiatrist-who-led-movement-against-his-field-dies-at-92.html?_r=0
As the obit indicates he was the author of two heady classics which demonstrate how psychiatry and liberty are in necessary opposition; “Ideology and Insanity: Essays on the Psychiatric Dehumanization of Man” (1970) and “Psychiatric Slavery: When Confinement and Coercion Masquerade as Cure” (1977).
There are unfortunate situations with which many must endure that require families to make very difficult decisions.
With the above said, Clayton Cramer pointed out almost casually in segment 7 that in 1965 a family member could have someone involuntarily committed, he said “generally if there was some reason to think someone was mentally ill…that person would be hospitalized…. it was a pretty quick process….emergency commitment was quite common and you could be taken into custody basically on the say so of a Doctor or a policeman…usually you would be in a hospital or institution for observation for a few days or perhaps a few weeks and in some cases for people that were seriously mentally ill the person would be given a long term involuntary commitment.”
What if your political views are in disagreement with a “transforming society”?
What if on the word of a policeman you are institutionalized and medicated?
What if you do not metabolize the medicine well and your medicated symptoms condemn you to further detention?
Where is the due process?
How do we justify what Mr. Cramer holds up as being the “preferred way” with liberty?
Prior to the outright evil acts, what manifestations did the shooters demonstrate that would warrant institutionalization?
What was deviant behavior in 1965 is perfectly acceptable today therefore what is the standard the Dr. and policeman use to determine what needs to be “observed”?
What if the state deems all those who believe precious metals are sound money are psychotic?
Al, you can see where the anti-psychiatry movement is not off topic with a liberty advocating forum at all. Below is the first paragraph of a book review of Dr. Thomas Szasz which links him as an admirer of von Mises and Hayek…. and as the review continues it demonstrated he had an open mind to listen to all sides.
“Thomas Szasz defines the right of the anti-psychiatry movement as R.D. Laing defines the left…probably. A psychoanalytically trained psychiatrist and emeritus professor at SUNY, you’d think he had it made in the establishment and, financially speaking, he likely did. But still, almost everything Dr. Szasz has published has been a radical critique of psychotherapeutics, psychiatry and academic psychology. His heroes are the iconoclastic individualists, ranging from the economists von Mises and Hayek through Freud to…(and here is where the “probably” came from) the prominent socialists Wilhelm Reich and Jack London.”
Dr. Szasz was ridiculed as being a wacked out Scientologist which he was not. He simply agreed with their views that the mainstream field of psychiatry is not a profession as much it is a tool of oppression.
Those that desire to control for cause often attempt to impress and/or intimidate. Al, I grew up like most thinking a dollar is money. I thought the Federal Reserve had to be well meaning to all after all what an impressive building they have in DC which Walter Cronkite reveals over his shoulder every time he discusses monetary policy in the news. How can such a building be built unless those that occupy it are good? Often the larger the building an institution has requires more questions to be asked. Prior to FDIC banks did not create marble lobbies to encourage customers to ask more questions. Just as the occupier of a corner office is often an empty suit sometimes the larger and more ornate the building the more vapid is the integrity of the institution which commissioned the architect.
Psychiatry has demonstrated more than any purported field of medicine that just because the man with a white coat, stethoscope and diploma declares jargon to be definitive does not mean he is correct and/or making such declaration in the patients best interest.
Yes sir,
Free markets for free men!
Big Al
Al,
I know that you always encourage people to get “as much information as possible.” Nevertheless, the fact is that you should not get as much information as possible, because doing so leads to “bad decision making.”
If you’d like to read about the facts on this, go to:
http://www.fastcompany.com/3000676/why-too-much-data-disables-your-decision-making
Yes, too much data disables your decision making, instead of improving it.
lol Mike, I have said for some time that people are really “not too bright” I put myself at the top of that list because I have alot of information yet I am not sure what to do with it. Im gonna agree, too much info might not be all that good a thing.
I really like Einstien saying, ” for a genius, I sure do some dumb things”
Mike, Benb, BIG Al, Doc…etc.
I agree with all that….THE TREND IS YOUR FRIEND…that is ALL you need to know….forget everything else…..AND BTW, Doc doesnt get any promotional fees from ME….:)…..but, all you really need to know is what DOC just described eloquently…GREAT JOB DOC……any of you bail out of this trade, then shame on you!!!!
You’ve got it in one. Co’nldut have put it better.
DUH…..Yes, too much data..(information )disables your decision making , instead of improving it….This came from Princeton & Stamford…The same place were the “ELITE” get educated….Bottom line is……..they want the mass’es dumbed down, HENCE too much knowledge by the people erodes their power.
My wife and I have talked at length many, many, times about how the government in my province (Ontario, Canada) closed down mental institutions about 30 years ago and how all these people were released into society on the pretext that the government was violating their human rights.
Unlike Clayton Cramer we felt that they did this in the belief that they were trying to save money and they weren’t concerned about the patients well being. Having worked for 11 years in a government job I can tell you that there are far more nutters in our gov’t, workers are not held accountable for their actions with the result being total incompetence.
When the mental institutions were closed we began to see homeless people on the streets in large numbers and an uptick in violence. The people who were held in mental institutions received a level of care that they simply could not get left on their own. The result being they no longer took their medication at any interval because they didn’t have the finances or understand the need for such help.
Mental problems often times are much harder to understand than physical ailments and now these deinstitutionalized patients had both and society has suffered because of the lack of care that these people had received.
If Canadians had access to guns with the same degree Americans have I don’t doubt at all that what happened recently in Connecticut would be more of a reality here. DT
Hi DT, I saw the same thing happen in B.C. some years ago now, I agree with you 100%.
Now I am noticing that we dont really have old age facilities anymore, we have long term care, the result is mentaly disabled people are living with seniors, as there is nowhere to put the mentaly disabled. Dangerous for our seniors, and the staff dont have training to deal with mental issues.
Hi benb, this is an important subject that needs to be discussed and has been neglected for many years by the media and the public at large, these people are disenfranchised and like prostitution society choses to deal with these problems by marginalizing them first and then ignoring them.
With the aging population and with these people being placed in long term care facilities alongside seniors that is a very dangerous situation. I’m sure that what you have pointed out exists here as well because I am hearing of increasing attacks on the elderly in these institutions.
We need to shine a bright light on this issue, Al I’m glad you have opened up this issue for our readers. DT
Low iodine levels should be checked for every troubled child. That is the FIRST place to look in my opinion. Here is an EXCELLENT book I highly recommend anyone interested read: http://www.amazon.com/Iodine-need-cant-live-without/dp/B001URN3UG/ref=sr_1_2?ie=UTF8&qid=1356189718&sr=8-2&keywords=iodine+why+you+need+it
I respectfully DISAGREE with Clayton Cramer. My dad was put on a Anti-Depressant drug and shortly thereafter threatened to commit suicide, this is totally against the way my dad was his entire life, what was the ONLY thing he changed? The taking of the Anti-Depressant drug.
I disagree as strongly with the host’s tone on this segment as with the monocausal argumentation by his guest. Criticism of certain medical drugs or of their (lack of) combination with other drugs, care and methods are all facets of the truth. Next year, I’ll be back to see if Al chooses to continue to call the one-eyed views of others “hogwash” or “crap.” Until then, I’ll take some time off, wishing you all a peaceful Christmas, and a New Year’s celebration full of travesty, not tragedy.
Hi Al:
Great show as always.
I want to comment on the segment with Clayton Cramer. While he makes some interesting and valid points about institutions for the mentally ill, I think he ignores some scientific realities about some anti-depressant meds.
Many DO cause violent ideation and suicidal tendencies in patients, and this is well documented. Combine this with the violence promotion in society and undermining of male leadership, and this violence is not as surprising.
I know of people personally who have taken these meds and comment on the effects, including violent thoughts. Even in women who’ve never had violent ideas.
They really AREN’t unstable BEFORE they start these drugs, just depressed or really down. There is NO need for institutionalization and no excuse for it.
BUT, take these effects in just 10% of the population taking them and you could have a big problem.
I think you should consider this aspect further.
Good comments. Recently I talked with big Al about anti-depressants and other issues concerning medication. Having been in the medical field for years and watching some of the things I have, it’s very important to as in any field to “follow the money”—-there are a lot of positives to this nation but some negatives as well. Any industry that exists to make money without concern about integriity/ethics in how they make that money results in ultimate pain for others. Unfortunately, over the years, I’ve watched the performance of unnecessary surgeries and the wanton prescribing of testing and medications. We have a drug seeking society and that’s a result of many varying factors. Unfortunately, you have a number of practitioners that hand out drugs like candy without defining those really in ultimate need. As mentioned by another poster there are some significant side affects for anti-depressants and that is also true for many other medications. Anti-depressants for the severely depressed are very appropriate; for those with the usual “mood swings” of life inappropriate. We as a nation are really out of control in the usage of the healthcare system and I’ve watched many injuries in medicine as a result of the treatment which eventually turned out to be worse then the presenting diagnosis/disease. It’s important as a consumer that every time you walk into the door of the healthcare system that you ask questions and force yourself and your healthcare provider to educate you. Then you along with your provider can make the best possible decision to ultimately impact your situation positively instead of negatively.
Doc, see my above comment…great job today!
BTW,
I have SEVERE mental health issues in my immediate family…thank the LORD for prescription drugs or my family would have been destroyed. Again, you NAILED it..when used appropriately a very powerful tool in an ETHICAL practitioner hands…when you retired Doc, the industry LOST a real good guy…all the best to you!
Peace,
Marc
Marc, I’m really sorry to hear that—-I used to work part-time for a mental hospital and was introduced very poignantly to some really difficult cases. It opened my eyes considerably and along with a relative and friends with difficulties allowed me to often realize the basic blessings given to me and that the person I am and the situation I’m in is not my doing but just the grace and mercy of almighty God. Thanks for sharing.
Richard,
I agree completely with your above comment.
You delivered a great interview once again.
The only thing I would add to your comment is for everyone to have in place a Durable Power of Attorney for Healthcare. Your point about being a wise well informed consumer of healthcare is certain. In addition during life’s journey there are times due to illness and/or injury that we may lack decisional capacity to give informed consent to medical providers of care in regards to our own care. In such instances you should have in place a medical advanced directive indicating a thoughtfully chosen family member or friend to actively act as you healthcare advocate with authority. The document should have at least three appointees in the order of your well selected priority to add depth. Many State Bar associations provide these forms in .pdf fill-in format on line and they are also available at the Hospital. A little time and thoughtful consideration can enable your family to be empowered to assure the family standard of healthcare is maintained during a period of incapacity without the need to involve the court system.
I would like to see Big Pharma not allowed to advertise their products on TV. People should not be influenced to buy the “purple pill” or the “blue pill” that should be left to their health care providers in a discussion with the patient. DT
Mind you the blue pill will help keep your boots dry, HA, HA, I couldn’t resist the teenager any longer. DT
It’s really great that people are sharing this innoamrtiof.
Dick, not a bad idea. You can’t imagine how it is as a healthcare provider and a patient comes in wanting a medication he/she saw on TV that may put him/her at risk as regards their particular situation.
DT and Richard,
Great point!!! It was once the case it was an ethical violation for Doctors and Lawyers to advertise. Why is it the Marlboro Man was banned from TV while at the same time big Pharma now showers us with advertisements for every ailment and non-ailment to the point you have to explain to your kids why everyone wants to go see Alice.
I must admit I can’t recall someone like Doc being spot on with his technicals to the point where you say Whoa, I think this guy can make me some coin, so I am waiting to pull the trigger on my silver purchase and as far as the price going ballistic it only matters if you are a trader. The other people will miss the opportunity because they don’t have an exit strategy as I have learned to do. DT
Well stated and an accurate assessment of the use of SSRI meds (anti-depressants). No drug has a single effect and since practicing medicine is ‘doing science with poor data’ ( especially psychiatry) there can be unintended consequences to medication use. How can one minimize the chances of the unintended consequences….find an ‘old’ doc from the era trained as a professional rather than a newbie shift worker trained through the currently popular content free medical education we give the med students of today.
By the way, DOC, what resources did you learn to master Technical Analysis?
Tex, years ago I read a couple of technical analysis books—–they’re down on my book shelf somewhere. In the recent past I went to http://www.stockcharts.com and they have a pretty good tutorial on their chart schools section. I use their website and free charts consistently. Then it’s a matter of looking over time at multiple charts and developing your own methodology using some basics as a foundation. TA like many things/ professions/jobs is an art and not an exact science. The more you practice it the better you get. You start to see nuances after awhile that you can’t get out books along with an intuition. I like to focus on moving averages, volume indicators, momentum and strength indicators and identifying major turning points. If you just start reading and looking at charts it’ll at first seem like gobbly goop but after awhile you’ll start to see themes and develop your own methodology and over time add to it. It’s really quite rewarding when it starts to make sense. Just focus on a few basic techniques at first and then add. I’m not a big follower of Elliot wave like some others since there appears to be too much variability in price points and it appears to be quite subjective. Hope this helps a little.
Tex, I also use bar charts and bollinger bands are also important.
Thanks, TA sounds like the practice of medicine….you ‘know it’ after residency, but the more you practice, the better you get.
If you have any recommended reading books on TA, I would appreciate your guidance.
Tex, the oldest form of interpreting charts is “pattern analysis”. This method gained popularity through both the writings of Charles Dow (Dow Theory) in the 1920s and “Technical Analysis of Stock Trends”, a classic book written right after WWII. “Getting Started in Technical Analysis” by Jack Schwager is another good starting point—-some books get into absurd calculations, complexities which probably don’t add much to the basics—–take out of these books the basics and then read the definitions and TA help on http://www.stockcharts.com—–you‘ll then settle on what works best for you since there’s all kinds of charting patterns,etc., but you’ll want to develop your own methods of TA. I hope this helps——if you have an analytical mind you’ll ultimately enjoy looking at charts after awhile which will add positives to your decision making.
Thanks. I had an analytical mind but years of dealing with NIH bureaucracy may have taken its toll.
I think Cramer has a valid point, he has identified part of the issue.
I also think “pharma” needs take some responsibility.
Check out the “spanish influensa” or maybe thalidimide, list is long actually.
We know that people have been experimented on without their knowledge.
Interesting “daily show”, dealing with this conversation, they showed the “side effects” of pharma drugs, everything up to and including death. We all know that,
but what some people dont know is almost all benifits if not all, can come from “grass”
with the only side effects being the same effects as being old. was actually really funny to watch.
I dont take vaccines, never will, pharma is not trustworthy, I only take drugs long after they have circulated in the public.
Remember the “bird flu”, panicing everyone with the word pandemic? people are dumb enough to think that means more than being on more than 1 continent, but pharma played it for all it was worth (w.h.o and government supporting) and sold lotsa vaccine. What was in it I wonder.
I would like to comment that I am noticing people talking about manipulation of the markets in a more “matter of fact” way. A year ago I mentioned the manipulation to some investers I know and they literally laughed, ran into them a week ago and they were not laughing anymore.
I have been saying for some time these things need to be spoken of in a “matter of fact” way, slowly people will start to believe it, maybe they will begin to believe it was not a magic bullet that killed Kenedy but that might be dreaming.
benb, I think many investors in gold and silver actually don’t understand what they own. I only do because of my years trading currency, (doesn’t make me any smarter just aware sooner) when one buys a long position in gold especially and silver your involved in the global currency wars taking place as your taking a long position in gold currency vs a short towards the US$, the paper system.
DaBoyz are going to have their levels of defence against long gold and silver buyers vs the currenct system and one only needs to put up a 12 year chart of gold to see the chop trade areas where manipulation was enforced and then breakouts to the next levels.
Its my opinion the US treasury wants a continued devalued $ for many reasons BUT it must be in a calm manner, thats the key. As silly as this sounds when QE4 was announced it was an area that needed to be defended as the world looks on we can’t have gold shooting up $100 vs a QE announcement imo ( at these levels) beacuse we now are at pricing levels that highlight whats really going on behind the curtain….$400 gold to $600 big deal not even on the average sheeples radar, $1800-$2200 thats going to sell newspapers!!
The circle of old friends I keep in touch with all agree a much lower US$ will conitue to unfold just as it has from 120 levels…but where we all get very nervous is an event could trigger a loss of confidence within the US$ or any currency and thats what keeps me sleeping with one eye open. There is no confidence from FX traders towards Central Bankers…but thats a whole other issue
So as this last week was painful and many I’m sure are saying what the H am I doing investing in a manipulated market vs oil and gas stocks, well they need to realize there are on the frontline betting against paper currency depending on their home currency vs gold and thats the WAR currently being faught at key levels capping $1800
All the best to everyone here at Al’s great forum during the Christmas Season and good luck to you all as we try and protect our wealth in this crazy world heading into 2013
CHEER$!
JJ,
That is EXACTLY what is going on. They are desperately trying to manage “the canary in the GOLD mine”. Bill Murphy, practically having a heart attack on Al’s show – knows. Unfortunately, 99% to the population is too busy consuming and unbeknownst to them digging not their OWN gold mine BUT THEIR FINANCIAL GRAVES….DAMN SAD!
Seg 5 Have always loved listening to Bill,and was one of the first 20 to join Lemetropole back in 1999? Al ..i hope you have him on more often Thanks.
“Clayton Cramer, prolific author and editorial contributor, discusses the fallacy of blaming prescription drugs, specifically anti-depressants, for societal violence.”
Al, when you state an interviewee`s position on YOUR page, it sounds like you 1000% agree with the individual.
Maybe you do?
If so, go read the inserts on these medication. Some go as far as warn of suicidal thoughts, psychotic episodes, etc.
And then, then want kids that have not had the chance to learn self-regulation to be on those medications, screwing up the very complex process of brain development and chemical interaction.
My take on your guess? Another mouthpiece for the industrial pharmaceutical industry. Just a piece of the 100 year plan of the elite:
“It seems to me that the nature of the ultimate revolution with which we are now faced is precisely this: That we are in process of developing a whole series of techniques which will enable the controlling oligarchy who have always existed and presumably will always exist to get people to love their servitude.” – Aldous Huxley, Berkeley 1962 Speech
In his presentation Huxley gave historical evidence, and future predictions on how the New World Order would be achieved by the ruling Oligarchy via their use of State Sponsored Terrorism to implement their desired Lock Step Police State to control the Proletariat (that’s you and me!) by the fear of ever increasing terrorism as a pretext to the citizens of Western Society willingly sacrificing their essential freedoms and liberties for the promise of temporary security.
Missive,
In the spirit obtaining as much information as you possibly can….. I provide a video of the Congressional testimony of Dr. Peter R. Breggin. His testimony was an in depth look at the antidepressants as they may relate to the dramatic increase in suicides and violent acts committed by our soldiers and veterans. The power testimony was delivered to The US House Committee of Veteran Affairs on February 24, 2010. Anyone interested in this topic should consider his opinion.
tp://www.youtube.com/watch?v=SBJfZtB_3cc&NR=1&feature=endscreen
Hopefully a working link to the Congressional testimony of Dr. Peter R. Breggin:
http://www.bing.com/videos/search?q=dr+breggin+veteran+affairs+testimony&view=detail&mid=3A529E64D1D1F178449E3A529E64D1D1F178449E&first=0
After actually hearing the interview Al did, I have to say the title of this segment was totally misleading.
Al, you were “leading the witness” with that title. I totally agree with the gentleman that de-institutionalization is part of the problem, which was the gist of his expose. From what I understand, he had no expertise in the detrimental aspect of the pharmaceutical business, so nothing to offer for those looking for root cause in that area.
So the interview was well worth hearing. The title to the segment, simply misleading.
Hi Miss. I found this guy interesting, he obviously watched what facism had done to their people in the 30s and 40s. He probobly noticed the americans took some propaganda guys when they took von braun too. step by step, and nobody is going to notice or do anything. other than debate it of course.
daniela is a very well spoken latina. sincerely raymondo
Special Christmas Message From The Federal Reserve!
Information is all fine and good, but info without power is useless. Do we, the common people, have any power? Yes, if we exercise it, ie, with action, no if we don’t. We the people have given our power away to the institutions. For seven years now I have been a buyer of physical PM’s and stocks; the metals have doubled, many stocks have gone nowhere, or worse. All the time I hear “follow the money”, but much of the time what we hear is not information, but misinformation, so what are we to do? Followers are sheep, we need to become leaders. What we need is not just information, but knowledge and understanding and conviction to the extent we take a stand. Without that, we’re just reeds blowing in the wind.
P.S. Einstein said, “Knowledge is experience, everything else is only information”. Evidently, according to Einstein, experience was/is far more important than information. What is the collective experience of mankind with regard to money? Fiat currencies have always failed, gold and silver are eternal and universal. What else do we need to know? What, then, do we need to do?
Arnie – It is who control the currency that matters. And the “controlling oligarchy who have always existed and presumably will always exist ” control the people in large part because they always control the currency. Gold, silver, fiat or whatever makes not difference. Then add fractional reserve banking on top of it, and you have unlimited power to buy the whole planet.
“Banking was conceived in iniquity and was born in sin. The Bankers own the Earth. Take it away from them, but leave them the power to create deposits, and with the flick of a pen they will create enough deposits to buy it back again. However, take it away from them, and all the fortunes like mine will disappear, and they ought to disappear, for this world would be a happier and better world to live in. But if you wish to remain slaves of the Bankers and pay for the cost of your own slavery, let them continue to create deposits.” Sir Josiah Stamp, President of the Bank of England in the 1920s, the second richest man in Britain.
http://www.moneyreformparty.org.uk/money/about_money/quotes.php
The bankers do not control the value of gold. They can only control the value of their currencies. Individuals who save real money do not have to worry about diminished purchasing power. To say it makes no difference which is used as money, gold, silver, or fiat, is simply untrue. It makes all the difference.
That quote of yours has never been authenticated, by the way.
“The bankers do not control the value of gold.” – They do even better, they control its supply. First by hoarding it in bank volts by the tons, then by having all these loan deals with the small, medium and big producers (mining). And finally, they know just as well as we do that printing a whole bunch of fiat money will eventually lead to increase in prices.
Do not underestimate your owners, they are just as knowledgable as you are, most likely more.
As for the quote, anyone in Austin care to drive to the University and authenticate it?
Sir Josiah Stamp
(1880-1941) President of the Bank of England in the 1920’s, the second richest man in Britain
Source: Speaking at the Commencement Address of the University of Texas in 1927
And they STILL do NOT control gold’s value. The gold price is up 45x since Nixon, but its VALUE has not gone up nearly as much. At $1660/oz, gold is up 80x since 1930, but is basically flat versus oil, cars, tuition, and nearly every other important good or service. Over the long haul, gold’s value is more stable than any other asset. A stable VALUE (not price!) is why it is best suited to its role as money. Without stable money, it is very difficult for businesses and families alike to plan for the future.
Do you really think that any fiat currency would last a week if they didn’t tax the hell out of gold and force the payment of other taxes in dollars? Your paper dream negates any potential for a free market right off the bat because its acceptance would require force. The word “fiat” means “by decree” or arbitrary order. That says it all. Paper money has no free market value.
Any attempts by the bankers to monopolize or otherwise control gold, should be a clue to you that it is valuable. Likewise, when you see that tyrants such as Stalin, Hitler, Mussolini, and Roosevelt each outlawed the ownership of gold by the people, you should recognize that your negative opinion of gold is precisely the one that the bankers would like you to have. You should also recognize that if they could control it, as you claim, then they would have no need to steal it. Yes, they know it protects people’s savings from from confiscation, so they want it all and they want you to have none. You don’t see a problem with that?
Everything that is needed to survive is real, shouldn’t our money be real?
The source you cited for your quote is not a source, but a claim made by your source.
Matthew,
Try to download a copy of the SIlver Stealers by Charles Savoie,which is free online.
They destroyed silver to prop up gold which was all reserve currency related.
Hi Matt,
I’ve read it. I’m well aware of their attempts to destroy silver, but they have not succeeded as you seem to suggest. Over the long term, silver has also been a superb store of value. The bankers will always win battles with the violence they bring to the market, but they are not winning the war – and they will never win the war. So the war will never end.
If they ever did win, the masses would deserve at least 51% of the blame for being so consistently thoughtless when it comes to their own best interests. Stupidity has consequences.
“Your paper dream negates any potential for a free market right off the bat because its acceptance would require force.” – Currency require the force of government, so does taxation. It has nothing to do with the vehicle chosen for taxation.
“Any attempts by the bankers to monopolize or otherwise control gold, should be a clue to you that it is valuable.” – Are you finally admitting that the bankers are monopolizing or controlling it? If so, good for you, that is a great breakthrough in your thought process, I’m proud of you!!
“Paper money has no free market value.” – Really? Why aren`t you just trowing your paper dollars out on main street then? Because they have value, the basis of it, the degree of taxation governments require.
“…you should recognize that your negative opinion of gold is precisely the one that the bankers would like you to have…” I don`t have a negative opinion of gold, I have a negative opinion of it being chosen as a vehicle for the payment of taxes. The bankers want this because it is there last stronghold if virtual currency (computer bits) is rejected by the people.
“…if they could control it, as you claim, then they would have no need to steal it…”
Even seen anyone agree to a robber “Yes sir, I know you are stealing from me, and go ahead and do it.”? It is a subterfuge. To me, land and the skills to be self-sufficient are way more valuable than gold. If you have none of those, I guess gold could be the next best option.
“The source you cited for your quote is not a source, but a claim made by your source.” – Discernment may be a gift of yours after all, go figure…
You need to pay attention Miss. When did I say that they don’t TRY to control gold? Tyrants have ALWAYS hated gold. That’s why they outlaw it!
Why do I not just throw my paper dollars out on main street? Because they have value by government decree (FORCE!) There is no free market; their value is not due to free market activity. I repeat, FRN value comes from FORCE smart guy. Gold has value whether governments demand it for the payment of taxes or not.
For comprehension you get an F.
“Gold has value whether governments demand it for the payment of taxes or not.” – and its value is artificially inflated when corpogovernmommys force its use for payment of taxes.
For comprehension you get an F.
Matthew,not only did they destroy silver but they destroyed muc of the world in the process,facilitating a British gold backed currency that ruled the world for 150 years.
The Silver Stealers was all about this fact so I have no idea what you read.
If by “destroy” you mean demonetize, then I agree with you. They have also completely destroyed the markets and are destroying civilization. However, despite all this, silver remains a store of value. Two silver dimes will still buy a gallon of gas, just as they would have 50 years ago. Gold and silver remain constant whether the dollar is worth .72 ounces of silver or .00000000072 ounces of silver. They control the value of their paper. Their success at controlling the value of gold and silver is way overblown and limited to the short term. Like all tyrants attempting to rule by deception and unsound practices, they are masters of illusion.
Were you critical of anything put forth in The Silver Stealers? Just wondering.
MDuT: No question, today the banksters/gangsters appear to rule the world. When you consider the shenanigans without big consequences that have been pulled off by HSBC, Barclays, SNB, etc., it’s obvious that the establishment has contol over the day, yet we see more and more concern worldwide over the status quo, and we all feel the tension of currency wars, which could explode at any time, without notice. We will not get any “information” about that in time to save ourselves, which is why understanding is necessary, more so than planted or manipulated information.
What a pleasure to find someone who idftineies the issues so clearly
Hi Big Al.
Thanks for your weekend show. I agree with Doc. Gold silver ratio going down to fill a gap, and a steady climb in price, especially in silver. Just what the doctor ordered. This means my steady plan to acquire physical over time is sound. Thanks Doc.
Great segments but you should stick to what you know best. Guns and public policy aren’t your strong suit.
Remember if you get a chance over the holiday season to watch the old movie “It’s A Wonderful Life” and think of how we all touch each others lives and good must prevail. DT
The encompass fund fas lost 26%this year and 31% last year
http://performance.morningstar.com/fund/performance-return.action?t=ENCPX®ion=USA&culture=en-US
seg.5……IS BILL M….GOING TO DEBATE WITH JEFF CHRISTIAN THIS YEAR…?
Love to see Bill again,,I think he won last years debate….
Lately I have been unable to listen to my favorite song because of the thankful unwarranted fear attributed to the Mayan Calendar. Today I can listen to it again and I share it with you, to wit:
http://www.youtube.com/watch?v=Yop62wQH498
But there is always those who looks at things differently, to wit:
http://www.youtube.com/watch?v=rxJvGSgmXOM
I think this one has the words to describe how I feel about things lately:
Sunshine – Jonathan Edwards
http://www.youtube.com/watch?v=ScfUfsUlGro
Such a libertarian lyric…….
“I’ll be damned if he’ll run mine
Missive thanks ,,,,below is a link to a song you probably never thought I would like.
The 5th Dimension no less. I post the link (as you did above) with written lyrics posted.
When you follow the lyric you realize but for the astrological aspects and linkage to the 60’s this song could have been Ron Paul’s campaign song……
This song will place you in the Christmas spirit!
Amazing vocal!!!!!!!
http://www.youtube.com/watch?v=yJWkkUt-z34
This one may remind everyone that the pupetteers love to see people line up as sacrifices to the gods of war.
And per Selente, that is coming in 2013.
Old Bill was having a rough day.
There is an interesting article on 321 gold written by Kevin Michael Grace, He say’s and I concur ” Much of the recent gold exit has been a reaction to the impending US tax changes on January 1, when tax rates will go up unless there is congressional action. I don’t think many investors are selling physical gold or silver. I do think people are selling paper and electronic gold to lock in gains and pay capital gains at the lower 2012 tax rate. He concludes it’s tax driven selling.” Who could dispute that? DT
DT, also agree that’s one of the pressures on PMs. Most likely we have a little more pressure down on the PMs as previously mentioned and the new year should bring stability and the “kicking of the fiscal cliff can down the road” won’t hurt.
Al:
An exciting game yesterday, a real nail biter! Both teams played extremely well and both had excellent coaching. The Husky star, Bishop______ is a fellow alum of my Prep school. With all the returning freshman and sophmores on your team, the Huskies will indeed be formidable next year!
Al, if it is any consolation, I thought that the Husky cheerleaders were hotter than those of Boise State………………………..BTW…also enjoyed your weekend show.
Dr.Paul Craig Roberts on an interview with RT says the american people will be disarmed. You cant have a police state with an armed population.
Some Interesting points about those poor kids that got shot.
Benb – Did you read Roberts` take on the RT interview. I’m learning more and more about how far the pupeteers are willing to go to disarm americans:
“…According to the Associated Press, the Newtown, Connecticut medical examiner, Dr H. Wayne Carver said that “all the victims of the Connecticut elementary school shooting were killed up close by multiple rifle shots.”…Yet Fox News reports that “A CNN reporter said police recovered three weapons at the scene: a Glock and a Sig-Sauer, which are handguns, as well as a .223 Bushmaster rifle. The rifle was in the back seat of the car the gunman drove to the school, the handguns were inside the school.”…
http://www.paulcraigroberts.org/
We are in trouble, people, much, much trouble…
Hi Miss
Yup, much trouble.
RELEVANT THOUGHTS FROM RON PAUL on segment 8:
http://www.zerohedge.com/news/2012-12-24/ron-paul-government-security-just-another-kind-violence
He had a lot to say about the Segment 7 as well. I agree with Dr. Paul. Mr. Cramer should consider Dr. Paul’s conclusion:
“Do we really believe government can provide total security? Do we want to involuntarily commit every disaffected, disturbed, or alienated person who fantasizes about violence? Or can we accept that liberty is more important than the illusion of state-provided security? Government cannot create a world without risks, nor would we really wish to live in such a fictional place. Only a totalitarian society would even claim absolute safety as a worthy ideal, because it would require total state control over its citizens’ lives. We shouldn’t settle for substituting one type of violence for another. Government role is to protect liberty, not to pursue unobtainable safety.
Our freedoms as Americans preceded gun control laws, the TSA, or the Department of Homeland Security. Freedom is defined by the ability of citizens to live without government interference, not by safety. It is easy to clamor for government security when terrible things happen; but liberty is given true meaning when we support it without exception, and we will be safer for it.”
Living in Canada and looking at American current affairs from the outside I notice
that both sides of the gun control issue sidestep the main reason gun ownership was imbedded in the constitution. To protect us from our own government if they exceed the powers given to them by the same constitution. You don’t need a semi-automatic for target practice or hunting. I think this point should be front and centre in the coming debate.Are American’s afraid to remind their government of this check and balance?
Mike – Most don`t know what checks and balances are for, how could they remind anyone of them?
Mike, keep saying stuff like that they gonna wonder if your a terrorist.
An excellent point and the only one required, think it will get “airtime”?
mike quander’s post made me think of the message of liberty the WSJ has published on or about this day form 60 plus years.
The annual WSJ Editorial reminds us that Christianity is very much Libertarian. WSJ has run the below classic since 1949. I first read it 35 years ago. Each year as I mature the words have more meaning. Each year as the world “changes” in a foolish attempt to transform into an unobtainable utopia it communicates more meaning. We live in a culture which was foreign to all of us alive 35 years ago and even more removed from 1949. The words have not changed over the years yet they seem to deliver more meaning each year. I tip my hat to Vermont Roysterand.
http://online.wsj.com/article/SB10001424127887324461604578195251401168178.html?mod=googlenews_wsj
Appearing in 12/24/2012 Lead editorial.
In Hoc Anno Domini
Our traditional Christmas editorial.
When Saul of Tarsus set out on his journey to Damascus, the whole of the known world lay in bondage. There was one state, and it was Rome. There was one master for it all, and he was Tiberius Caesar.
Everywhere there was civil order, for the arm of the Roman law was long. Everywhere there was stability, in government and in society, for the centurions saw that it was so.
But everywhere there was something else, too. There was oppression—for those who were not the friends of Tiberius Caesar. There was the tax gatherer to take the grain from the fields and the flax from the spindle to feed the legions or to fill the hungry treasury from which divine Caesar gave largess to the people. There was the impressor to find recruits for the circuses. There were executioners to quiet those whom the Emperor proscribed. What was a man for but to serve Caesar?
There was the persecution of men who dared think differently, who heard strange voices or read strange manuscripts. There was enslavement of men whose tribes came not from Rome, disdain for those who did not have the familiar visage. And most of all, there was everywhere a contempt for human life. What, to the strong, was one man more or less in a crowded world?
Then, of a sudden, there was a light in the world, and a man from Galilee saying, Render unto Caesar the things which are Caesar’s and unto God the things that are God’s.
And the voice from Galilee, which would defy Caesar, offered a new Kingdom in which each man could walk upright and bow to none but his God. Inasmuch as ye have done it unto one of the least of these my brethren, ye have done it unto me. And he sent this gospel of the Kingdom of Man into the uttermost ends of the earth.
So the light came into the world and the men who lived in darkness were afraid, and they tried to lower a curtain so that man would still believe salvation lay with the leaders.
But it came to pass for a while in diverse places that the truth did set man free, although the men of darkness were offended and they tried to put out the light. The voice said, Haste ye. Walk while you have the light, lest darkness come upon you, for he that walketh in darkness knoweth not whither he goeth.
Along the road to Damascus the light shone brightly. But afterward Paul of Tarsus, too, was sore afraid. He feared that other Caesars, other prophets, might one day persuade men that man was nothing save a servant unto them, that men might yield up their birthright from God for pottage and walk no more in freedom.
Then might it come to pass that darkness would settle again over the lands and there would be a burning of books and men would think only of what they should eat and what they should wear, and would give heed only to new Caesars and to false prophets. Then might it come to pass that men would not look upward to see even a winter’s star in the East, and once more, there would be no light at all in the darkness.
And so Paul, the apostle of the Son of Man, spoke to his brethren, the Galatians, the words he would have us remember afterward in each of the years of his Lord:
Stand fast therefore in the liberty wherewith Christ has made us free and be not entangled again with the yoke of bondage.
This editorial was written in 1949 by the late Vermont Roysterand has been published annually since.
@Dennis M. O’Neil – “Stand fast therefore in the liberty wherewith Christ has made us free and be not entangled again with the yoke of bondage.”
No wonder the secular world is moving into bondage at light speed. One can hardly ever hear this passage preached in today`s government approved churches, let alone have it properly exposed in the context of the whole plan of salvation presented by God through his covenants.
Great discussion this weekend. I haven’t heard your talks with Ms. Fettke before, but she evidently knows her stuff, as least insofar as her own business is concerned. My reading has real estate in a severe bear market for at least the next twenty years based on demographics alone, but of course it depends on the specific type of property and market you want to reach. Here in Canada, the Agenda 21 proponents are actively pushing “densification,” which essentially boils down to shoebox condos and ground level retail. There are tens of thousands such units in downtown Vancouver and Toronto — wayyy overbuilt — and we are just waiting to see the cracks in those markets. It would be interesting next time to hear what type of property Ms. Fettke pursues in terms of “builders.” What are they building? For whom? Regards
P.S. Merry Christmas Everybody
I hope Al and all of the KER listeners had a Merry Christmas!
Al,
You and your guests should all read this article, if you haven’t read it already. In particular, note the important case regarding Australia and what happened AFTER the government banned all semi-automatic rifles and pump-action shotguns. It really flies in the face of what Mark Walters said.
http://www.huffingtonpost.com/douglas-anthony-cooper/proven-way-end-slaughter_b_2341815.html
Matt R.,
In the column of the article you linked to is a picture of Frederic Bastiat captioned with the beginning of the below quote. Fred lived and dealt with the aftermath of The French Revolution….the era of Charles Dickens writings except instead of London he experienced life across the Channel. One is hard to invest their time better than to read Bastiat. The below quote you are led to from Matt R’s link is a prime example, to wit:
“Life, liberty, and property do not exist because men have made laws. On the contrary, it was the fact that life, liberty, and property existed beforehand that caused men to make laws in the first place.”
I’ve said that least 839456 times. SCK was here
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