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Gold in 2013

ker
December 29, 2012

We look at two important issues in this week’s show. The first deals with a subject that is near and dear to all of us and that is the opinions of experts regarding gold prices during 2013.   The second deals with the current state of our country and asks the question, “What can we do? Does blaming others do any good? We know that it does not and we believe that each of us should take action and do what we can to help.”

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In this show Al discusses:

  • Segment 1 – David McAlvany is bullish.
  • Segment 2 – An opinion from the mining industry, Yale Simpson is optimistic.
  • Segment 3 – Peter Grandich is cautious.
  • Segment 4 – Rick Ackerman is bearish short term.
  • Segment 5 – Steve Taylor tells Jeff Deist and listeners why he is bullish on both the gold stocks and gold.
  • Segment 6 – Albert Matter discusses NuLegacy Gold and Nevada.
  • Segment 7 – Al and Jeff discuss the latest missive from Ron Paul.
  • Segment 8 – More from Al and Jeff and why we all have to jump in the pool.



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Discussion
133 Comments
    Dec 29, 2012 29:47 AM

    Here is an article on zerohedge which describes the cause of my disgust of the American political decay.

    http://www.zerohedge.com/contributed/2012-12-29/ultimate-buy-votes-now-pay-later-opm-presidency

    As long as the meainstream media is strongly liberal and totally fails to analyze Obama’s true policies, the US is doomed to collapse under communistic inefficiencies.

    Dec 29, 2012 29:57 AM

    Another article in the WSJ is well worth rteading.

    http://online.wsj.com/article/SB10001424127887324461604578191781756437940.html

    I would mention that not only does the author have a Ph.D in ecomics, but so do his mother, father and brother, which leads to higher credibility in the views expressed.

      Dec 29, 2012 29:56 AM

      Just got done reading it cfs.

      Pretty interesting.

      I found the one in zerohedge to be more of a grabber because I think that it pointed out a much larger danger!

      Stay safe,

      Big Al

    Dec 29, 2012 29:15 AM

    CFS2000:

    I must admit that I am not one who allows my jaw to hit the floor when someone tells me that such and such has a PhD. Titles are absolutely meaningless to me — I do not believe that someone is necessarily wiser / more trustworthy than the next guy simply because society has deemed it necessary to add a few letter behind his / her name. To be honest, I find it absolutely pathetic — especially when one considers that some of the smartest / most interesting people on earth have not even finished high school (let alone college / university).

    That said, I base my opinions on what is said, and since I have an extremely analytical mind, I look at EVERY PIECE of information that I am reading and hearing. It is not that I do not trust people, but I am do not put it past anyone to try to and put one past me (I insist on covering my bases).

    In this instance, I see a lot of talk about a potential collapse of the economy that will come if the ingenuity of man (new innovations) does not pick up steam. This is a very valid point in my opinion. However, this is NOT what I see as being the author’s main objective in writing the article. HUH? That’s right!!!

    Why do I say that? Because if it were his true intent (telling man solely about the lack of innovation in society) then his second last paragraph is completely unnecessary. I say this because it has NOTHING AT ALL to do with the rest of the article. In it he adds that the 1% (“the haves”) are highly responsible for the 99% (“the have nots”) being in the predicament that they are in, which has NOTHING to do with the topic at hand. Thus, I need to ask myself why he felt it necessary to end his article with this seemingly unrelated paragraph — one might argue that he is simply trying to show us that we are in one heck of a mess in many regards (innovation lacking but also greedy men at the top of the food chain) — I disagree. I believe that he is doing EXACTLY what the propagandists did leading up to the French Revolution (of which history shows was STAGED by the powers that be to further their globlist agenda).

    evin every paragraph What was the very last message the author slipped in? He convenintly slipped in the entire 1% versus the 99% claptrap as do countless other propagandists (in my opinion) at the very end of his message. This is not an accident in my opinion. Think about it: the entire article is about innovation and how society may collapse if we don’t start using our creative abilities — it has NOTHING to do with the “haves” versus the “have nots” and yet he slips this in at the end of his message. I need to ask myself “WHY DID HE FEEL THE NEED TO GO OFF ON A TANGENT AS HE DID?”

    Let me give you my opinion as to why he (and others) do this — in the very same way that the powers that be STAGED the French Revolution by pitting the “haves” against the “have nots” (let them eat cake) to further their agenda, I believe they are laying the groundwork to do the EXACT SAME THING today (by pitting the “haves” or the 1% against the “have nots” or the 99%). Of course, the words of Santayana ring loud and clear when I read articles such as the one that you have posted (“those who do not remember history are condemned to repeat it”).

    Dec 29, 2012 29:20 AM

    Sorry for the choppy post — I did not proof-read it before posting. Be that as it may, I believe the basic message that I am trying to get across still came through (that the author of the article seems to be following the same script as other writers today: that it is THE HAVES versus the HAVE NOTS!!!) I don’t buy it one bit!!!

    Dec 29, 2012 29:58 AM

    An open letter to Congressman Ron Paul
    Dear Congressman Paul,
    I offer this letter as an admission of being wrong. I have admired your fiscal and monetary leadership for as long as I have been aware of your message. However, I failed to support you as vigorously as I now believe I should have because of your foreign policy stances. I now know I was wrong.
    I now look back to discover the reason why did I not “get it” sooner. I have come to understand. I still remember the texture and contours of the rugs upon which I was challenged to stand the army men of my childhood. These were the plastic men which were too big to fit into the vehicles proudly adorning white stars which accompanied them under the Christmas tree. I remember Audie Murphy’s reproduced heroics. I was on a team.
    The wisdom of your words for years fell far short of convincing me your foreign policy was close to being even half correct. Maybe it was that you were outnumbered. Maybe it was the mocking ridicule opposing your words that made me feel I could not dare to accept your logic? Maybe I wanted to belong to the wrong you fought so long and uphill against? At some point the light of your truth wore me down. Perhaps it was wise words from forums like this. Perhaps it was a rainy day when I mistakenly was able to slip my feet into my son’s shoes to retrieve the paper. Whatever the exact moment was and is unclear. One thing is certain and for which I commend you. I would not now appreciate as fully the goodness of life without your dedicated service and persistent honest message to our country.
    For your tireless efforts I thank you!
    Cordially,
    Dennis M. O’Neil

      Dec 29, 2012 29:43 AM

      Dennis, you might find this talk interesting:
      http://www.youtube.com/watch?v=yBCiMxuX9_g

        Dec 29, 2012 29:39 AM

        Thank you Matthew for the link to Tom Woods talk. Mr. Woods talk made me think about this some more.
        I can remember in the mid 90’s watching Anthony Hopkins as Col. William Ludlow in “Legends of the Fall”. Then I could not understand why he became so agitated when news of the war arrived in the newspaper headlines and his sons wanted to join the fray. I thought it is understandable for him to be concerned but he was outright mad. Why was he not proud of their valor? I now know that the wisdom of Col. Ludlow’s life experience told him of the futility of the fight. He knew from experience the hype was again men engaged in economics by violent means.
        Physicists seem to be always attempting to find the theory of everything on PBS. In Man, Economy and State Murray N. Rothbard brought together the structure of production, capital, pricing, rents to afford in theory the entrepreneur an optimum free market experience. This common sense approach has been largely been ignored and completely ignored by spendthrift Western governments.
        I try to figure out why common sense is so often abandoned for contrived complexity. Why was Dr. Paul’s career met with such disdain? Why was Ludwig von Mises not heralded? Why are the self-conflicting views of Paul Krugman trumpeted? Why is the nightmare of Obamacare not seen for the disaster it will certainly be? Why is our “carbon footprint” something to be concerned about? Why is our currency not a reliable measure of anything? How can anything be too big to fail? Why does the Constitution need to breathe? Why are we abandoning the common sense protections of The Bill of Rights?
        The reason that most things violate the rules of practical common sense is that somebody is trying to control you. Apparently Col. William Ludlow knew this when his sons eagerly went off to war.

          Dec 29, 2012 29:24 PM

          Those are great questions and your conclusion is even better. It’s always about control. It really is that simple. As luck would have it, 321 Gold currently has the perfect quote to support your conclusion:

          “We’ll know our disinformation program is complete when everything the US public believes is false.”
          -William J. Casey, 1981

          Dec 29, 2012 29:28 PM

          Really great questions, Dennis M.

          I too think about them each and every single day!

          Big Al

          Dec 29, 2012 29:56 PM

          Maybe he realised that wars are fought for bank or elite profits. Was it grampa Bush that manufactured the gas the nazis used? Then his son and grandson become pesedents,(to become succecful war criminals in their own times) only in america. As for the military, 500 thousand children die in iraq and that is before the invasion, and the people are proud of them. Actually proud of their military. The sickness is deep.

            Dec 29, 2012 29:02 PM

            benb,
            Soviet propaganda was juvenile. It was so out there and obvious.
            US propaganda is ubiquitous yet subtle.
            It is like a fish does not realize he is all wet until he is flapping on the deck of the fisherman’s boat.

            Dec 29, 2012 29:46 PM

            I think that you mean the frog in the water!

            Big Al

            Dec 29, 2012 29:42 PM

            Certainly cannot disagree, benb!

            Big Al

          Dec 29, 2012 29:25 PM

          Watch for Tom Woods on the KE Report soon.

            Dec 29, 2012 29:20 PM

            Good idea. Tom is a great and entertaining teacher.

      Dec 29, 2012 29:42 AM

      Prodigal son, this story always affects me. Thats excellent Dennis, lets hope enough realise before the whole country is in chaos. Personally I dont think so, cities are falling apart at a more rapid pace now than a few years ago.
      People wont see it even when street lights dont work, no garbage pick-up and pot holes on every street. San Bernadino? already doesnt have the police to respond to calls, course that may or may not be a good thing depending on how you look at it.

        Dec 29, 2012 29:20 PM

        Morning benb,

        This may sound trite, but I think that it is a very interesting comment on society today.

        The link is: http://seattletimes.com/html/take2/2020010620_taketwo28.html

        Folks may think that this is a trite example, but I think that it is very telling. How about you?

        Big Al

          Dec 29, 2012 29:34 PM

          Makes me wonder if there really is somthing put in the water to remove peoples brains, or at least affect their thinking. Yes, Al, very telling especially the child abuse, very common today.

            Dec 29, 2012 29:13 PM

            I have not watched 1 down of NFL football this year.
            Maybe the stadiums are just too similar to a Roman Arena.
            http://www.archaeology.org/gladiators/arena.html
            47 million people on food stamps equals the bread….
            NFL hooliganism equals the circus

            Dec 29, 2012 29:47 PM

            Great parallels Dennis M. And, I mean that 100%!

            Big Al

            Dec 29, 2012 29:42 PM

            Great example of a very sick society!

            Big Al

      Dec 29, 2012 29:06 PM

      Dennis M,

      Great letter. I have forwarded it to Congressman Paul’s office.

      Thank you,

      Big Al

      Dec 29, 2012 29:25 PM

      Dennis- trust me Dr. Paul is thrilled when people arrive at libertarian conclusions regarding foreign or domestic policy. And of course the distinction is really a 20th century creation. Policy is policy; it all costs money and it is all the purview of Congress, not the executive.

        Dec 29, 2012 29:48 PM

        My fictional role model is Atticus Finch. Atticus strived to do what was right in full realization that what was right was not popular. Dr. Paul did the same gracefully.
        I see similarities with the below scene and Dr. Paul retiring form Congress, to wit:
        http://www.youtube.com/watch?v=q7CX_5D6y6E

          Dec 30, 2012 30:13 AM

          Yep, doing the right thing when it is unpopular takes real courage!

          Great movie, by the way!

          Big Al

            Dec 30, 2012 30:30 AM

            I think RON PAUL….SHOULD RUN AS AN INDEPENDANT IN 2016…college kids will vote for him…when they realize, they are unemployed and in debt, and the govt put them there….

            Dec 30, 2012 30:14 PM

            Great point!

            Big Al

    Dec 29, 2012 29:33 AM

    I believe that Pete Grandich’s comment that the conventional market in the first quarter may go to nominal highs is problematic at this time—the technicals don’t look favorable and have a downward bias. Monday could be an ugly day for the conventionals and when Washington comes back with their patented “kick the can down the road” answer to our financial problems, the chance even for a relief rally is questionable at best. It’s always been said: “don’t fight the Fed” and for the most part that statement has rarely been contradicted in reality and conventional markets. However, I believe we’re reaching a point where continual money printing will no longer have a positive impact on the economy and financial/conventional markets. In all probability we may have entered a cyclical conventional bear market in September of 2012. However, we’ve now moved into a mode where the PMs will on a ratio basis outperform the conventional markets in 2013. At this time in one year, the PMs will be higher and the PM stocks should outperform the bullion this year especially toward the second half of 2013. IMO, silver and their mining stocks should outperform gold and mining stocks over 2013. We should slowly move over the year from a gold/silver ratio of about 55/1 to 33/1.

      Dec 29, 2012 29:38 AM

      If the stock market was measured in 2001 dollars, we would see that it has already dropped dramatically — probably 75% versus most commodities; more than 85% versus gold/silver. Yet, here we sit near nominal highs in 2012 dollars. Due to this rapid debasement of the currency, official GDP numbers are now a much better reflection of the dollar’s loss of value than they are of economic output.
      With great enough inflation, the potential exists for profits to rise nominally for many companies while they are actually falling in real terms. Markets can rise nominally to reflect this (and usually do) while they continue to fall hard in real terms. So, money printing doesn’t have to have a positive impact on the economy (in the big picture, it never does anyway) for markets to go higher.
      Perpetually scared, shortsighted investors continue to hold way too many dollars – and they do it for safety! Most will never understand the destruction of their wealth because they’re fixated on the unchanging number of dollars they own, and not the value of those dollars.
      While I do not believe that common stocks are the place to be for 2013, I also don’t believe that there will be a crash or even a decline greater than 10-15%. Nominal new highs look fairly likely to me. The market is just not as overvalued as it appears.

      Dec 29, 2012 29:38 AM

      Wow Doc!
      You have stayed very consistent over your “honored” history as a participant in this forum. But, that last line REALLY shocked me. I would guess then that you are looking for silver to approach its 2011 high by the end of 2013..Is that correct based on your recalibrated G/S ratio that you just mentioned. Actually, if Gold moves up too…which, obviously we are factoring in, then silver will be over $50 by this time next year (Dec 2013, based on your calculations, no?)
      Marc

        JJ
        Dec 29, 2012 29:02 AM

        Doc is calling for $60+ if my estimate is correct using his target of 33/1

        marc silver in 3+ months shot from a ratio of 48:1 to 32:1 in 2011….my point is the move would repeat a move done before so its not like a ratio move thats never taken place………….the key imo is INFLATION that needs to be the trade for that kind of move in silver, and not the always BS government inflation data but inflation triggered in the US bond pits………and thats a big enough fuse to light water logged wood!!

          Dec 29, 2012 29:45 AM

          Yes, JJ,
          I remember that quite well. Thanks for your input…as always!

            Dec 29, 2012 29:12 AM

            Marc, I would guess that you are not at all surprised by a 33:1 target. It was just Richard’s timeframe that shocked you, correct? I think there is very a very good chance that he will be right with that call.

            Dec 29, 2012 29:21 PM

            As the weeks go by, I’ll be able to tell you from a TA and chart standpoint whether that is a possibility. It’s really interesting that the silver stocks I ‘m following are holding up quite well right now. They may be signalling something to us as it relates to the bullion. Often the stocks move before the price of bullion. The stocks look like they’ll want to break out sometime in later spring. As state prior, I’ll be able to tell more as some of the indicators on the charts start to unfold.

    Dec 29, 2012 29:22 AM

    Three of my four favorites on one show: Peter Grandich, Jeff Deist and David McAlvany. (The other is Peter Schiff.)

      Dec 29, 2012 29:27 AM

      DAVE W:

      What about that gentleman named Al Korelin? He certainly ranks up there at the top (at least in my opinion). The rest are great add-ons but certainly not replacements for Big Al.

        Dec 29, 2012 29:13 PM

        Thanks for the kind words, Bentnail!

        Big Al

        Dec 31, 2012 31:07 PM

        My point was that Big Al hit a home run with this line-up. He’s the very best host, bar none.

          Jan 01, 2013 01:05 PM

          Morning Dave W,

          A happy new year to you and yours and thank you so much for your comments.

          Big Al

      Dec 29, 2012 29:11 PM

      Thanks Dave,

      They also have my respect and I am glad to be able to call each one a friend.

      I will contact Peter Schiff as I have interviewed him numerous times in the past.

      Have a great rest of the weekend,

      Big Al

        Dec 31, 2012 31:18 PM

        Your interview with Peter Schiff at the Hard Assets show in November was great. What I like about your interviews is that you know how to ask the right questions and can lead the conversation without overpowering the guest. You’re neither a cheerleader nor an antagonist, which is not an easy line to maintain. Well done!

          Jan 01, 2013 01:11 PM

          Thanks again, Dave W!

          Big Al

      Dec 29, 2012 29:52 PM

      Matthew,
      You are exactly right…

    Dec 29, 2012 29:40 AM

    AL:

    Happy belated birthday — I just noticed that your birthday falls on December 1st — so does mine. Great to be able to share the day with someone like yourself — I consider it an honour (we spell honour with a “u” in Canada — LOL).

      Dec 29, 2012 29:14 PM

      Bentnail,

      Trust me, the honour is all mine!

      Big Al

    Dec 29, 2012 29:04 AM

    David McAlvany can’t discuss manipulation because most clients can’t handle the truth.

    Yale Simpson is normally bullish on gold because he must as he looks forward long term.

    Peter Grandich is cautious because he has so many tire tracks on his back from the market, despite the scars being cautious is always smart.

    Rick Ackerman is always bearish, a perma-bear who values dollars more than gold.

    As per jumping into the pool, it is wise to check the depth first and look for hidden rocks before plunging in.

      Dec 29, 2012 29:15 PM

      But don’t you agree, Clay, that it pays to listen to everyone?

      Big Al

        Dec 29, 2012 29:16 PM

        Al: Absolutely, it is very important to listen to everyone, well most everyone. In fact I often listen to myself which is usually the very worst advice I ever get.

        Predicting the future is easy, it getting the timing that’s hard.

          Dec 30, 2012 30:01 AM

          Yep, Clay, I have always felt that way.

          I would make the assumption that a person MUST BE ABLE TO SEPARATE THE WHEAT FROM THE CHAFF!

          And yes, getting the timing is hard and that is why my picture is always mid (minimum) to long term.

          Best,

          Big al

    Dec 29, 2012 29:41 AM

    Clay,
    So your final conclusion to those above statements….is?
    Marc

      Dec 29, 2012 29:22 AM

      marc: In general my conclusion is people generally talk their book, but that is neither good nor bad because a book can be right or wrong or both. More specifically and important conclusion is, what a person says in public is not necessarily what they might say or believe in private because they are not always at liberty to speak whats on their mind. Money managers have responsibilities so they have to be careful what they say.

        Dec 29, 2012 29:26 PM

        Good point, Clay. Thanks for responding to Marc.

        I have to agree with you point, by the way.

        I still do listen to as many people as I possibly can.

        Best,

        Big Al

          Dec 29, 2012 29:15 PM

          I clearly recall that last year at this time there were a number of experts on Al’s show, such as Roger Wiegand and David Morgan, who predicted that both gold and silver were really going to take off in 2012. In fact, David Morgan was quite adamant that silver was going to be at &50 by the end of this year. Wiegand was also super bullish on gold and the stocks.
          They were both dead wrong about what would happen this year. It’s good for all of us to remember this, as the fact is, no one can predict what’s really going to happen.
          And, as I posted here last week, no it is not good to “listen to everyone.” The fact is, and it’s been proven over and over again, even in controlled studies, that when people have too much information, they make poorer decisions, not better ones.
          We are all glutted with information, and what that does is causes us to often focus on the wrong information, instead of the information that could really help us make the best decisions.

            Dec 29, 2012 29:50 PM

            I have to disagree with part of your comment, Mike.

            First of all, David believes what he believes and I have not acted on his advice. He is a good and honest person, but I choose to go my own way.

            Regarding Roger, what can I say? He seems to be more into end of the world politics now anyway.

            Big Al

            Dec 29, 2012 29:55 PM

            By the way, Mike, I still try to “selectively” listen to as many people as I can. I still believe that I am able to separate the wheat from the chaff! And least, hopefully so!

            Big Al

            Dec 30, 2012 30:35 AM

            Al,
            My comment about David Morgan was not meant to suggest that he is not “a good and honest person.” It was simply to point out that no one can predict what the gold and silver prices are going to be in any given year, let alone in 2013.

            Dec 30, 2012 30:14 AM

            I certainly did not take it that way at all Mike. Remember David is a good friend of mine.

            I completely agree with you regarding short term predictions, my friend!

            Big Al

        Dec 29, 2012 29:54 PM

        Thank you, Clay

          Dec 29, 2012 29:24 PM

          marc: The one thing I learned in my first half century of living is, I am rarely sorry for something I did not say but all too often sorry for something I did say. Now in my second half century of living I must learn to practice what I preach. If I live past 100 and remember the first two lessons, I may get the chance to actually know something.

            Dec 30, 2012 30:02 AM

            It is absolutely amazing, Clay, just how “smart” I have become in my second fifty years!

            Big Al

    Dec 29, 2012 29:18 AM

    Seg. 7 Armed guards? I think as the cities and states go broke it will become more difficult for them to retain a police force, when it gets bad enough the military will be asked to replace them. Armed guards will be everywhere. Rt showed some advancments in policing technology, by 2025 we can expect to be introduced to “robocops”. The elite have changes in mind, thats what we are gonna get.
    Remember George Carlin, the average guy is “smart as a brick” that means 1/2 the people are Not “smart as a brick” People gonna figure things out? I dont think so, We will get the changes the elites have planned.
    Incredible, the U.S. government intends to send troops to 35 MORE african countries in 2013, totally broke but always enough to put military into a foregn land.

    Just a thought, has anyone heard about votes for Ron Paul? I know they wouldnt have counted most but did anyone hear anything?

      Dec 29, 2012 29:47 AM

      I didnt and as a write-in voter of Paul..I would like to know

        Dec 29, 2012 29:23 PM

        See my reply to benb, Marc.

        Big Al

      Dec 29, 2012 29:22 PM

      I have not heard anything about the votes, benb. I will certainly pose the question to Jeff.

      I, by the way like you, don’t like the direction that our country is going in.

      Best,

      Big Al

      Dec 29, 2012 29:29 PM

      Benb- no telling how many write-in votes Dr. Paul received in the general election. Here’s a good synopsis of the “Ron Paul factor” with primary vote totals from each state:http://www.dailypaul.com/262076/the-ron-paul-factor-definitive-results-omg-its-true

        Dec 29, 2012 29:39 PM

        Thx Mr. Deist, interesting stuff.

      Jan 31, 2014 31:58 PM

      We have been approached by Professional seivcre international offering us on a no win no fee basis offering us commpensation in respect of miss-selling and offering ways and means of opting out of the contract. We suspect that this is a scam to get us to change to yet another time share. Has anyone any comments?

    Dec 29, 2012 29:56 AM

    Their are advancements made all the time in robotics now they are building one that will have a skin like substance covering it’s exterior; and the new models are designed to come out every nine months. (devious for sure))

    In 25 to 30 years humans won’t be in charge and that is something that can’t be stopped, technology will move forward at an alarming rate and societies won’t stop their advancement because the winners will be those that adapt to it.

    Won’t that solve a lot of the governments funding problems, no more complaining humans demanding Obamacare, Social Security, Welfare, Jobs………………..DTR.

      Dec 29, 2012 29:25 PM

      Can you provide a source for your comment, Machine Gun?

      Thanks,

      Big Al

        Dec 29, 2012 29:21 PM

        Hi Al, the article I read was about one week ago, they showed cut away pictures and the robot is equipped with the latest prosthetics developed for vets who have lost arms and legs in Afghanistan and elsewhere. Doug Casey is providing a lot of articles on the coming technology for his readers, there is definitely a need. I will try to relocate it. Sometimes these articles appear on the net for a day and then they are removed but the development site was California.

        Humans think they are chosen to receive all these entitlements and instead as with all things they can and will be replaced. There are 800 million in Europe, 440 million in North America, !.3 billion in China, 1.2 billion in India, etc, etc, and still little Greece is worse off now than at the beginning of the fiscal crisis after having billions of $’s handed to them. In my opinion the end game is in motion for humans and they are moving towards replacing us as a species. I also don’t believe the future will be very bright for China some of the newer factories I have worked in can produce an amazing amount of goods with almost no labour, and like the old saying goes “YOU HAVEN”T BEEN THERE YET!” DT

          Dec 29, 2012 29:44 PM

          Thanks Machine Gun.

          I would certainly like to learn more about this.

          Big Al

    Dec 29, 2012 29:23 PM

    Article I Section 7 of The Constitution states:
    All bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills.

    Why is the Senate then “starting this process”?

    I know that Representatives got “burned” politically during the Obamacare ram down but have we thrown the constitution out?

    Then we have Executive Order 13594. Raises given to select government workers.
    How nice. According to Timmy “Turb Tax” Geithner we hit the debt ceiling 12/31/12.
    Unless there is a dirty deal done then we then dipping into Federal workers already underfunded pension funds to pay for the lights, paper and toner expenses to avoid default. Why not give everybody a raise? History is full of examples when things start to unravel frequent emergency raises are doled out to government workers because the debasement of the currency will be destroying their purchasing power. It is important to keep the boys with the government’s fully automatic weapons happy.

      Dec 29, 2012 29:41 PM

      You bring up a lot of interesting questions, Dennis M!

      Big Al

    Dec 29, 2012 29:42 PM

    Have we thrown the constitution out? Some time ago now I would think.

      Dec 29, 2012 29:03 PM

      Society is screwed up….moms, need to get back home and start cooking, dads need to get the family to church,and the kids need to have their bottom switched….ootb….

        Dec 29, 2012 29:05 PM

        benb….this was not really directed to you….sorry….somehow, ended up under your post….

        Dec 29, 2012 29:47 PM

        Can’t do that, In the Box. You will have numerous human rights organizations knocking at your door!

        Big Al

          Dec 30, 2012 30:34 AM

          I guess the human rights groups have really be a fine group to follow…., no, if they want to turn things around, it will take drastic measures, which are not really drastic measures , but , common sense….

            Dec 30, 2012 30:37 AM

            ….MEN, need to be men, and girls need to be girls….not girlly guys….as arnold swarts would say….

            Dec 30, 2012 30:21 PM

            I could not agree more The Short!

            Big Al

      Dec 29, 2012 29:45 PM

      As some friends of mine say (and believe) the Constitution is a living and breathing document that is meant to be flexible!

      Wow, do you believe that?

      Big Al

        Dec 29, 2012 29:51 PM

        Let me play poker with your friends.
        I will call the game and I will let the rules of the game breathe.

    Dec 29, 2012 29:45 PM

    this site has attracted some great minds….including guest, commentators,and irritators, ……WITH THAT SAID……HAPPY NEW YEAR………..

      Dec 29, 2012 29:45 PM

      You ain’t seen nothing yet, The Short In the Box!

      Big Al

    Dec 29, 2012 29:47 PM

    Hi Big Al,
    Another good weekend show. With the Fed in all out destruction of the US Dollar, we should all do fine in 2013. I just am sick and tired of class warfare, the haves and the have-nots. I’m supposed to take of my family and a anonymous family too.With higher taxes and a gun to my head. If the have nots just tuned into your weekly show, Al, they too could get ahead. Best to all

      Dec 29, 2012 29:57 PM

      You know Keep Stacking, some people will always blame others for their own short comings and that is sad because it goes directly (in my opinion) against God’s will.

      Big Al

        Dec 29, 2012 29:23 PM

        You are so right Big Al, a very Happy New Year to you and yours.

          Dec 30, 2012 30:01 AM

          And definitely the same to you, Keep Stacking!

          Big Al

    Dec 29, 2012 29:08 PM

    Al:

    Excellent week-end program as always. Pulled the trigger on an AG purchase last week. May (probably) not hit the bottom but rather be 6-12 months early than a week too late with the attendent increased premiums and dealing with supply shortages. My large volume Local/National dealer has AG flying out the door and no supply problem…………………..yet.

      Dec 30, 2012 30:59 AM

      I am about ready to do the same, Dai Uy.

      Thanks for the compliment, by the way.

      Big Al

        Jan 31, 2014 31:56 PM

         ( 2012.02.20 17:43 ) : Hmm is anyone else exernipncieg problems with the images on this blog loading? I’m trying to locate out if its a dilemma on my finish or if it’s the blog. Any feed-back would be greatly appreciated.

    Dec 29, 2012 29:14 PM

    Al:

    BTW: Follow the (your) 12-1 Zags against OK State Monday…should be on one of the ESPN channels………………………..

    Dec 29, 2012 29:34 PM

    BTW:

    I’m of the opinion that the Fiscal Cliff either way will not affect the basic PM’s long term. Just my humble, as always, opinion.

      Dec 30, 2012 30:03 AM

      My thought exactly, Dai Uy!

      Big Al

    Dec 29, 2012 29:23 PM

    Al, Segment 7, responsibility. That is what the US was first started as, United States not the Federal Government of North America as it has become. We need States to nullify Federal Government laws including what is money. We need to bring back responsibility because central planning is the cause of all these terrible crimes, and the center pin to these problems is Federal Government.

    The country needs to eliminate most of the Federal Government controls inside the country, that includes termination of the FBI, Homeland Security all of these federal agencies are the cause of these terrible murders, not because of them but in spite of them. Hate is growing, anger is increasing because life, liberty and the pursuit of happiness is being destroyed by central government. States need to take control back from the Federal courts, federal agencies and federal regulations. This requires a rapid growth of nullification just like what Al’s State of Washington and Colorado did with the Weed law. This needs to rapidly expand to all aspects of State rights be it good or bad.

    If I had by way, I would abolish all Federal and constitutional laws going back 150 years, and let States decide which things to keep and which not.

      Dec 29, 2012 29:56 PM

      What would happen if the populace simply ignored the tender laws?

        Dec 30, 2012 30:08 AM

        The jails would be full, Dennis M!

        Big Al

          Dec 30, 2012 30:39 AM

          AL….the jails are already full…..we have more people in prisons in the usa, than any country…..

            Dec 30, 2012 30:42 AM

            legalize it , and tax it……, then do away with the income tax, which is bogus…., like the fed. is bogus….

            Dec 30, 2012 30:23 PM

            So I guess we are safe!

            Big Al

      Dec 30, 2012 30:05 AM

      I can’t agree with your comment about the Constitution, but I certainly agree with you COMPLETELY about the power going back to the states. Not 100% but 1,000,000%!

      Big Al

        Dec 30, 2012 30:25 AM

        Al, I benb said the last 150 years, not 200+. I think you might agree with him if you looked at those laws.

          Dec 30, 2012 30:16 PM

          Sorry, I meant Clay, not benb.

        Dec 31, 2012 31:00 AM

        Al: I would not expect many people to agree with turning back all Federal and Constitutional laws 150 years, but it would be constructive to think about it and not just because they would agree or disagree with such changes, more importantly to consider consequences. One of the most dangerous and destructive actions people take is to conclude that good intentions when implemented will always result in good results. This is simply not true because the desire to do good can and often does result in very bad results, in my opinion the very worst results come about because this way and not the other way around.

          Dec 31, 2012 31:13 PM

          Interesting observation, Clay!

          Big Al

    Dec 29, 2012 29:02 PM

    A big Spanish Bank oddly named “Bankia” has just gone belly up, this could get interesting with Europe living in a Socialist State, the Euro Printing Presses will be cranking up. DT

      Dec 30, 2012 30:05 AM

      Many thanks for this information, Machine Gun!

      Big Al

      Feb 01, 2014 01:49 AM

      Walking in the prscenee of giants here. Cool thinking all around!

      Feb 02, 2014 02:31 PM

      I don’t even know what to say, this made things so much eairse!

    Tex
    Dec 29, 2012 29:18 PM

    Segment 8: The real problem of violence by the mentally ill goes back into the 1980’s when the development of a variety of psychiatric agents were ‘billed’ as having ‘cured’ schizophrenia and other psychiatric conditions thus allowing state mental institutions to be deemed ‘obsolete’. The former inpatients were progressively ‘freed’ into society. The truth is that the agents were not ‘cures’. The patients were often non-compliant (translation- they did not take their meds). The result was an increase in homeless former patients roaming the streets. The philosophy that the former patients should be ‘free’ within society (and free to comply with meds or not) has resulted in many of the homeless persons you see on the streets today. Combine this philosophy with the legal constraints of getting adults committed for psychiatric care and you have our present ‘modern’ society…..those who are mentally ill are all around….pushing persons in front of subway cars…..shooting up movie theaters…..murdering their mothers and children…..

    Is the answer surrendering 10% of the BIll of Rights? (the most likely outcome)

    Is the answer reforming protective custody laws?(not likely that lawyers would attenuate the mechanisms that generate their fees)

    Is the answer rebuilding a civil society? (how many decades do we have?)

      Dec 30, 2012 30:07 AM

      This is one subject that I have had some experience in, Tex.

      And, I am here to tell you that from what I know you are absolutely correct!

      Big Al

    BJ
    Dec 30, 2012 30:52 AM

    We went over the “fiscal cliff” when LBJ (Democrat) declared that stealing money from our Social Security “Trust” Fund was just “borrowing. And to ensure we reached terminal velocity Nixon (Republican) untethered the dollar from silver. Since then, both the Ds & Rs have been lying like hell and spending like crazy, each blaming the other for spending on their cronies at the expense of those in the private sector who “worked hard and played by the rules” only to see their life savings debauched by central banks—first here and now around the world, first the dollar, then the euro, the yen.

    Now we have this kabuki dance over cutting $100B/yr off of $trillion-plus annual deficits. Really! I mean REALLY? Short term, the stochastic look weak for the PMs, but the fundamentals cannot be denied. The emperor has no clothes, and it’s just a matter of time before the naked short sellers (they who claim to be doing God’s work (Goldman Sacs and JPM–in tandem with the Plunge Protection Team and the Fed) will have their judgment day. Thus, going over the cliff was a done deal decades ago. The only thing up for grabs is the size of the splat, and the bottom is within sight. And the only thing good as gold will be gold and its little brother, silver.

      Dec 30, 2012 30:25 PM

      Words of wisdom, BJ!

      Big Al

    […] here. ‹ December 27, 2012 Edition of the Stateside Report Posted in […]

    Dec 30, 2012 30:52 PM

    MOMMA THE CHECK IS IN THE MAIL…..I am glad to see Obama ,gave Biden a pay raise , along with all of the members of the govt…..this is well deserved and really comes at an opportune time….. We should all be thankful that the administration and members of congress have worked so diligently to perform all the extra duties they have been assigned …..
    They have balanced the budget, well, they came close….only indebted us an additional $7 TRILLION…..in 4 years…
    Some of the funds are for OFF LINE ITEMS…SUCH AS…… Biden hair piece, indicated that it would only cost him $100,000 to get a new hair piece ,which will be required at the new swearing in speech….and boy can he sware…….
    .Michelle, needed some UGG boots with diamond,studded in the hills,. for the new gala party,,or is that gay party…..
    Hillary, needed another house to hide in, to keep away from Bill, …..
    Pelosi, needed a couple of million, for off ramp parking for her real estate deal, …..
    .Dodd and Frank, need a couple of mill to keep quiet on the FmHA loans,which they dumped on the public…..
    Plus , lets not forget, Goldman Sakes FINEBLAKER, needed the govt. to give him an additonal $72 Million for his new house, which I understand he financed thur HUD…….
    .WELL, ANYWAYS….LETS GIVE THE BOYZ AT THE GOVT. ACCOUNTING OFFICE a big hand for keeping all the records in order….
    Again….Next year will be different….
    I under stand ,,,Obama wants to invade Canada,,,he is running out of countries with cash…plus, he and the queen have become buddies,(I got that news directly for Irish)

      Dec 30, 2012 30:03 PM

      Jerry, you would make a good government employee, what a joke? DT

        Dec 30, 2012 30:10 PM

        Yes Jerry, you should get a job in The Moose Department drinking Moosehead Beer. DT

          Dec 30, 2012 30:42 PM

          Moose Department……WE use to have a Bullmoose Party,,,which did not go over so swell,,,,I think the Moose Dept., would be to loose of an organization for my liking, beside moosehead beer gives me a headache…..lol….ootb …..or mootb….

            Dec 31, 2012 31:31 AM

            And that, In the Box, is why I drink red wine!

            Big Al

        Dec 31, 2012 31:29 AM

        Machine it is truly BLACK HUMOR!

        Big Al

          Dec 31, 2012 31:43 AM

          Yes, I agree it was Jerry at his best, what a laugh! DT

      Dec 31, 2012 31:29 AM

      Unfortunately, In the Box, there is a whole lot of truth (in my opinion) in your comment.

      Oh well!

      Big Al

    Dec 30, 2012 30:21 PM

    2013 will be our year. Dow 1000, Gold $10000, oil $25, Jesus will return to crush the muslims and the anti-christ Obama and the Seahawks will win the World Series!

    2013 yeah yeah

      Dec 31, 2012 31:30 AM

      Good Morning Frederick,

      Your humor, as I often think mine is, is priceless!

      Big Al

    Dec 30, 2012 30:09 PM

    Frederick,
    If you are going to a smarta__;No problem. Just use a little intelligence when you attempt it 🙂

      Dec 31, 2012 31:36 AM

      Morning Marc,

      I thought his message was hysterical! Nothing like satire!

      Big Al

        Dec 31, 2012 31:50 AM

        I am just glad Fred did not predict the damn Yankees winning the Super Bowl.
        I am a Mets fan.

          Dec 31, 2012 31:07 PM

          I am really looking forward to the upcoming Super Bowl! Another chance to drink cheap beer; eat a lot of “health” stuff; and, watch the Celtics play the Trailblazers.

          Best to you Dennis M and to your family!

          Big Al