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In depth this week with both politics and economics

ker
May 11, 2013

Hour 1 – 

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Hour 2 – 

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Hour 1 : We discuss investing with our usual emphasis on precious metals.

Hour 2 : We delve more into politics.

Please Note: Chris Temple, Editor of The National Investor, has one of the best 10-year track records of all the newsletters covered by the Hulbert Financial Digest, in spite of spending some of that time in prison following a conviction many years ago in federal court.  We value Chris’ advice, research and commentary despite this.  For more information on both him andThe National Investor, visit Chris’ site at www.nationalinvestor.com.


 

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Discussion
53 Comments
    May 11, 2013 11:12 AM

    For starters on your weekend show Al I homed in on Segments 3 and 4. John Embry is of course sound as a pound (of gold!), and I’ve kept that piece to refer back to.

    I also loved Chris Temple’s piece about surviving any future calamities by ‘starting from the ground up’, along with what you said about ‘not getting mired in the negativity’.

    Of course your advice is completely right, but may I touch on that negativity for a moment, since like what the bankers are up to, this is in many ways replicated by what the religious fanatics/End timers are up to; both sides peddling lies and fake promises. I’ve already clashed with one or two on you site who ‘specialise’ in quoting the Book of Revelation by drawing strange conclusions about so-called entities like the False Prophet, the Beast, the number 666, the Rapture, etc. I’ll not digress onto John of Patmos (and author of Revelation), except to say he lived at a time when as a terrified Jew living under Roman tyranny he saw the end of the world as imminent way back c 100 AD.

    The point is that just as the world’s bankers pose a huge threat to be reckoned with so too I believe do today’s fundamentalists, be they Christian, Muslim or Jewish. Believing the world’s end to be now upon us each side sees the devil at work in the other, with each supposing that Satan will rule the world, and do so from Jerusalem where things like the ‘Tribulation’ will all kick off.

    As during any period of acute crisis the book of Revelation is a shoe-in to accommodate the alarmists’ mind-set. Yet more troubling perhaps is how the cumulative effect of those with an extremist take on religion can help bring to pass the very apocalyptic scenarios they forewarn of!

    So, just as we should NOT panic but be prepared for all the shenanigans of the bankers and of the potential perils ahead, we whether of the Christian persuasion or none need to know our enemy. What do they say about keeping your friends close, but your enemies closer! So, being familiar with the religious dimension to all this is, I would suggest every bit as important.

      May 11, 2013 11:37 AM

      Reverend,

      It would truly be a pleasure to get together with you at some future point!

      God bless,

      Big Al

        May 12, 2013 12:31 AM

        The pleasure would be all mine Al! Perhaps we can have a gold party sometime!!

        Andrew

      May 13, 2013 13:26 AM

      Great show Al! I have a great deal of respect for John Emery.Some readers may know of Dr. Billy Graham the great evangalist who often quoted the Holy Bible. In his recently revised updated book STORM WARNING Dr. Graham focused in on what the Bible had to say about the end times. As he quotes: “….From the beginning of my ministry I have carefully followed the daily news on television and in print. It is not unusual for me to read the New York Times, the London Times and Time magazines, along with many other. Reading these news publications gives me insight to how people thing about religion, politics and life in general. But reading the times of which Jesus spoke, is the only TRUTH that sheds light on why people do what they do and think what they think. So naturally while writing this book I was drawn to revisit what Jesus had to say about the end times, as recorded in the Book of Matthew, and the dramatic portait of the last days of Planet Earth. Jesus revealed the fate of Jerusalem , which was carried out to the letter when it was sacked and burned by legions of the Emperor Titus. Jesus spoke of the coming of the godless , secular society and He spoke of the dangers of heresies conceived by false teachers who would try to pervert the message of truth Christ came to deliver. Christ spoke of ends times suggesting there would be wars and rumors of wars. See to it that you are not troubled for all thes things must come to past. Nation will rise against nation and there will be famine, pestilences and earthquakes in various places. There has never been a time in history when so many storms have come together as they have in our lifetime.In America we see racial division, homelessness, crime, physical and sexual abuse and the disintegration of the traditional family. These storms are further complicated by plagues of many kinds, including AIDS, sexually transmitted diseases, Alcoholism drug addiction,pornography and other dangerous behaviours are eating away at society and natural disasters of many kinds. But Jesus said these are merely warnings of things yet to come. Jesus warned that in the end time the price of believing in HIM would be high. Mockery, laughter ( at Christians and their beliefs), persecution, even death would be common, but many would refuse to pay such a price to follow Christ. To the faithful HE declared: They will deliver you up to tribulation and kill you and you will be hated by all nations for MY name’s sake.And then many will be offended, will betray one another and will hate one another. Then many false prophets will rise up and deceive many. And because lawlessness will abound, the love of many will grow cold. I believe this is a realistic portrait of our times ( Dr. Graham wrote this in Feb 2010.) We have been shocked by scandals in the church, in government, in education, and at every level of authority. We have seen graphic images of police officers beating citizens-and rebellious citizens killing police officers. We have seen top officials in government and business convicted of cheating, lying and fraud. We have seen moral and religious leaders, men who claim to be followers of Jesus, fall into disgrace in the eyes of God and man. And worst of all , we have see the GOSPEL OF JESUS CHRIST twisted and distorted by false teachers to accommodate the destructive morals and secular behaviour of these times. Warnings from the Gospel of Mattew are not parables or myths; they are the very headlines of our day. They are evidence of Christ’s prophecy fulfilled before our eyes.Dr. Graham goes on to validate the scriptures by saying this. Jesus illustrated that what HE had told them ( his disciples) about the end of the age was to be considered as a statement of fact. In those stunning images we have a glimpse of what the final storm will look like in Christ’s own words. Though no one believed Noah’s revelation that the Flood would come and destroy the world, so in our time the unbelieving world refuses to embrace the literal return of Jesus Christ. But HE will come at a time known only to God.Imagine how shocking and unsettling these words must have been to the disciples …their hearts must have been in struck with fear. Surely they did not understand the implications of what Jesus told them and I suspect that John the beloved disciple and author of THE APOCALYPSE , came to a greater understanding during his excile on the isle of Patmos. Even today many people have difficulty believing these words! For me says Dr. Graham the importance of this stirring passage is not that it gives such vivid detail of the end times , but that it assures us of the eternal security for those who put their trust in Jesus Christ…One final point I would like to make. Dr. Graham slams those who mock the BIBLE by saying. In numerous churches, the BIBLE is treated as a collection of fairy tales and fables written by uneducated men from an ancient time ( sound familiar Rev de Berry?) While it offers challenging spiritual myths and wholesome encouragement, some modern churches seem to feel that no one should go to the Bible expecting to find absolute truth. Such teaching is an abomination before God. Nothing could be more destructive to true faith and peace on earth. The fiercer storm is taking place in some of our churches-the unbelief and disobedience of God’s Word. In the face of such a growing storm, our changing world desperately needs moorings, and God has given us that anchor in His Holy Word-the Bible-His unchanging turth……” Interesting and fascinating Book. Then again some might view Dr. Billy Graham as a “religious fanatic and end timer”

        May 13, 2013 13:55 PM

        Hi Paul, really enjoyed what you wrote. Nice seeing fellow a Christian believer, Though I`m a believer in Jesus the Christ, as the living eternal Word of God, who is God. For there are three that bear record in heaven, the Father, the Word, and the Holy Spirit: and these three are one.(1st John 5:7) I truly believe in all three as one as there is only one God, yet three distinct individuals in the God-head, truely a mystery, but one that I believe in, because its in the Bible. I have used His Word to change things in the right now, so to speak. The Bible is for all times, yet it is a book of 66 individual books contained within it, yet all are inspired by the Holy Spirit, God breathed, people wrote under the inspiration of the Holy Spirit, though they we as human as us yet the Holy Spirit used them to write these Holy Words that we quote from as orders from God Almighty. Romans 3:3-4) For what if some did not believe? shall their unbelief make the faith of God without effect? God forbid: yea let God be true, an every man a liar; as it is written, that thou mightest be justified in thy sayings, and mightest overcome when thou art judged….. As a fellow religious fanatic and end timer, so Salute I to you. Brethren, if a man be overtaken in a fault, ye which are spiritual, restore such an one in the spirit of meekness; considering thyself, lest thou also be tempted. Bear ye one another`s burdens, and so fulfil the law of Christ.(Galatians 6:1-2) …..To be all to everyone was Paul approach to reach all for Christ Jesus our Lord. He suffered reproach, yet was able to reach many for the cause of Christ. Though our methods may look different, yet God`s Word is preached. …..Truely its God`s Word that saves one`s soul, not the messenger he is nothing, but dust. The Word of God is what makes the difference, though I speak His Word it is God who has the increase……Whosoever shall call upon the name of the Lord Jesus shall be saved….. No need to call upon a vicar, or the pope to receive Christ Jesus as Saviour & Lord. Jesus the Christ is the Lord advocate general of the Church.

    May 11, 2013 11:13 AM

    Well,,,,Just SHANGHI ME…….1000 tons goes EAST…..must be a lot of dentist with clients who need their teeth filled………………ootb

    MNH
    May 11, 2013 11:26 AM

    Seriously….I can’t hear enough from John Embry.

    May 11, 2013 11:42 AM

    ANDREW, WHERE IN THE WORLD ARE YOU COMING FROM? IF YOUR HAVING A PROBLEM UNDERSTANDING THE BIBLE LISTEN CLOSE WHEN PETE GRANDICH IS ON. PETE HAS IT RIGHT.

      May 11, 2013 11:45 AM

      bottom line…………Benghazi…. ,the govt. is to big…………and is bankrupt, and ready for collapse…………ROMAN TIMES ,get use to it……

        May 11, 2013 11:46 AM

        sorry silverman……did not mean to post this under you……

        Feb 01, 2014 01:22 AM

        two in the What’s In My RSS Feed Reader series. You can read the first part here. Would you like to read more areitlcs like this one?Subscribe to my RSS

      May 11, 2013 11:19 AM

      Silverman I don’t have a problem with the Bible! How could I?

      But nor do I accept every verse within its pages as inspired only in one particular way. If as I do I accept that the Bible’s message is inspired it is as much to heed the countless follies of humankind, and where time and time Biblical texts get taken out of context to create pretexts for whoever. After all there was a time during the Reformation when Luther saw the Pope as the antichrist, even as the other felt the same about Luther! Or what of Goebbels who saw Hitler’s Third Reich as ushering in Revelation’s third millennium?

      By the way I like and respect Peter G, even as I’m sure were we to meet I would like and respect your good self!

      Kind Regards, Andrew

      http://www.christian-community.org/library/revelheresy.html

        May 11, 2013 11:48 PM

        ANDREW……..the main problem is ,,,most Christians ,,,know nothing about
        “rightly dividing the word”…………..many Christians,,,are trying to live by
        the Jewish law…….and know nothing about grace…..and FAITH PLUS NOTHING…
        So…..inspired word….as you say….is taken out of context,,,and twisted ….,

    May 11, 2013 11:58 AM

    John E…is correct,,,the CHINESE do not like us…..if, you doubt that ,,,do business with a Chinaman…..,but,,,,the same can be said,about, American govt…toward the Chinese,

    John is again correct on Silver,,,it is bulky……..try running with a couple thousand ozs., now….for anyone wanting to dumb their silver….call me……..

      May 11, 2013 11:54 AM

      Hi Jerry, most of us have notions of what the other races are like but in this day and age of being politically correct we keep those beliefs to ourselves, but 50 years ago when people didn’t care Hollywood liked to portray the Chinese as dishwashers or laundry workers, boy were they wrong.

      One must remember that they stereotype us as well. two decades ago my father and I were walking along Bay Street in downtown Toronto just behind two Asians and they were discussing Canadians, I heard one say to the other ” if they aren’t on welfare they are collecting unemployment insurance”, boy were they right.

      Our society has gone too far to the left in every respect. DT

        May 11, 2013 11:12 AM

        Hello DT……My thoughts are not from judgement, or notion,,,,but, experience,in trading with………the business culture is a little different….and how one transacts business, would tend to be a little different, unless they have been Americanized, but, then, that might be a reflection of being Americanized. But, then again, I am a product of what I thought being an American is or was,,,which is, most like false,,since, come to find out, most , what we thought and believed is false……………..
        Oh,,,no disrespect to humans of different orgin, race or creed……………ootb

          May 11, 2013 11:27 AM

          Jerry, I guess the point I was trying to make and you touched on it as well is we must keep an open mind and not get influenced by the way society and the media try to mold our lives. DT

            May 11, 2013 11:46 AM

            Another “Amen” to this comment, Machine Gun!

            Big Al

        May 11, 2013 11:44 AM

        Not much that I can add to the dialog above between Andrew and Silverman, but I certainly can add something to your comment Machine Gun.

        That is the word “amen”. I agree with you completely!

        Big Al

          May 11, 2013 11:11 AM

          O come on Al you can mix it if you wanted to!!

          How about Amen to what really matters, namely Jesus is Lord!!

          Best, A

    May 11, 2013 11:07 AM

    An oz. of prevention, is worth a pound of cure………………
    Chris , is correct, start with yourself,, ,which is why you own gold and silver, ,,then eat ,organic, so, you can enjoy life……………laugh ,, and,enjoy the scriptures,,which is done by…..,”rightly dividing the word”……………….ootb…………..

      May 11, 2013 11:46 AM

      You are a pretty smart guy, In the Box!

      Big Al

    May 11, 2013 11:52 AM

    al qaeda = al cia da

    May 11, 2013 11:42 AM

    It is sounding like supply has/is meeting the “massive” demand, now we need to see how long it goes on or when does it fissle out.

    I checked a few years back about buying from the bank of Nova Scotia, there was a fee for armoured car service, the amount of PM required to justify the fee was beyond me. Line ups in Toronto at the Bank on Nova scotia makes me think there are alot of big buyers there. No line ups in Calgary, but this is just a little hick oil town with wondering cows, the only other line up mentioned here was a line up to sell.
    Premiums did go to 25% for silver and waits to 4-6 weeks, odd tho, with a little lookin there has always been metal to purchase.

    My guess is once people have some metal they may feel they have enough and buying subside.

    Norcini might have an idea when he says bulls are buying on dips and bears selling rallies. Shares I follow are becoming less volitile it seems to me.

    I enjoyed the show today Al.

    May 11, 2013 11:49 AM

    Many thanks benb!

    By the way, I have spent more than a little bit of time in Calgary and I happen to like it a lot.

    There is a restaurant just across the street from the Hyatt that serves some of the best barbeque in the world.

    Big Al

    May 11, 2013 11:25 AM

    Seg 5. Starting to look to me that the american gov is actually supporting al qaeda, Lybia mentioned today, but Hussen was fighting them and the americans killed him, al quida is attempting to over throw Assad in Syria and the americans are supporting them too, have I missed any?
    Syria is truly mixed up, assad protecting the christians, some of the most holy land there is to christians and the americans and allies destroying it. Eastern orthodox christians working to protect those sites and western christians dont think the eastern christian are even christian?
    And we called the people that destroyed the statues of budda that were 1000s of years old insane. I think people are the same where ever you go, totaly nuts.

      May 11, 2013 11:13 AM

      Bemb, you’re right. Given Assad’s support of the Alawite Christians, and however repulsive parts of his regime may be, we can’t lean on another door in support another repulsive regime..

      Agreed, people everywhere are losing the plot by the day., A

    May 11, 2013 11:41 AM

    Silver Coin Dealers Are Reporting Very High Quality Fakes http://www.buygold.com/article.php?art=05-2013/201305080120ex.txt sounds like you might need to see Jerry O^OTB. Also put this on yesterday concerning Silver about demand for silver in China & India from an Industrial outlook point of view, like statements like this “Silver remains plagued by oversupply and longer-term bear market in gold will take silver prices lower,“ Societe Generale analyst Robin Bhar said. http://www.mineweb.com/mineweb/content/en/mineweb-silver-news?oid=189706&sn=Detail and another link http://www.tribuneindia.com/2013/20130511/biz.htm both these articles are from date of May 10, 2013, “Though industrial growth in March recovered a bit, factory output registered the worst performance in more than 2 decades, `government data` showed Friday“ and from the same article Car market endures worst sales streak in history, & “We have never witnessed such a long consecutive decline in car sales since data has been analyzed by SIAM from 1997-98,“ he added. —- I think the governments in both China & India are warning their people what`s on the wall, whereas this government here in America are flat out lying to their people. In Asia they are buying big because they know that their currencies are in big trouble. In America its wine & roses, We are in recovery, so says our leaders, must be recovering debt addicts off the wagon again in denial.

      May 12, 2013 12:59 PM

      Clicking through to the original, I found a link to this goldandsilver video showing fake Y2008 Silver Eagles more closely,
      http://www.youtube.com/watch?v=enBD3GsIaJU
      They really are sufficiently easy to tell apart by visual comparison, at 10:19. If you look closely at the display showing the fake’s composition… what a shame the Chinese or whoever didn’t donate even more Iridium via these fakes!

        May 12, 2013 12:14 PM

        Iridium, is worth quite of bit, though its been quite a few years since I have some Ir. Years ago I found a mineral deposit that was mostly made up of all six of the Pt-group metals, but mostly was Iridium. Stuff is pretty insoluble in acid, unless its been reduced by Barium peroxide fusion, then it becomes water soluble. Of course you then have to get small amounts of Sr, & the Barium parted out of it. Well this usually is pretty boring stuff I`m saying to most people. Na peroxide is a better medium for fusions with insouble blacks, but cost more plus it easily to to mess up the lot with it, as O(air) destroys the peroxide real fast. Well enough said….

      May 13, 2013 13:06 PM

      DENNIS…….THANKS FOR THE PLUG…..I am more than glad to share anything I can, on graded coins, coin collecting,,paper currency collecting …………..I have been collecting coins for 55 years.. and always learning something…………..and I have been ripped off a couple of times, which is a great learning experience….

    May 11, 2013 11:09 AM

    My take on Benghazi last October…………:

    On October 20, 2012 at 1:46 pm,
    Dennis M. O’Neil says:

    At law some things are “prima facie”. Literal translation for the Latin phrase is “at first face” or “at first appearance”. Some things just are self-evident. When a plane crashes it is self- evident from moment one it should not have crashed. There exists a prima facie case of liability against the airline associated with the plane that took off and failed to land safely. The Benghazi massacre is a prima facie case. It is self-evident our ambassador should not have been dragged through the street, beaten and murdered. Measures should have been taken to secure and/or evacuate him from danger. Less dangerous posts were more secure that very day September 11th no less.
    Failure to secure a compound housing an ambassador to a fresh government in a country we just recently ceased dropping bombs on is self-evident gross negligence of duty.

    Once the White House arrived at prim facie incompetent it became unscrupulous. To deflect this prima facie failure…to deflect a foreign policy devolving into chaos a spin was needed. With intelligence available saying otherwise a lie was spun. An American was jailed. Family members were told falsehood after falsehood as they mourned. The UN was told free speech is an American custom which had to be endured. The Obama administration deceived the American people. In direct conflict with State Department testimony under oath…in direct conflict with CIA cables available day 1…..The Obama administration lied in order to hide failures in security and foreign policy.
    This is one instance where the cover-up was not worse than the crime. For it is a crime for a President not provide adequate safety for our Ambassadors. Fortunately as a direct result of the fraud and lies that followed no one died.

    May 11, 2013 11:28 AM

    Please e-mail the weekly Korelin, have not been getting it, and
    really miss it.
    thank You

    […] In depth this week with both politics and economics […]

    […] Listen to the show HERE! […]

    Tex
    May 11, 2013 11:18 PM

    Ah, how relaxing…..listening to the Korelin report….reflecting on investments…..contemplating freedom…. ..and then being surprised with a discussion of MOLON LABE while cleaning AR15s, M1911s, M1 carbines, etc after a day at the range…..what a perfect Saturday!

    Al, please see if you can convince Dr Paul to give you an interview while you are up in Yankee-land!

      May 11, 2013 11:38 PM

      I knew you Johnny REBS were still fighting ….secession between our beloved states………he,he……………………but, my folks are from Tenn….what do I do….?

    May 11, 2013 11:40 PM

    ANYBODY…..catch the NEWS……..IRS, TARGETS TEA PARTY in pre election……see AOL…

      May 11, 2013 11:41 PM

      it is funny that the IRS…AND THE FED…ARE BOTH CREATED IN 1913…. ,,,

        MNH
        May 12, 2013 12:36 AM

        …nothing funny about that…..

    May 11, 2013 11:59 PM

    Good show Al, open discussions are always a good thing. There are two points I would like to make though:

    1- Jeff needs to adjust his political perspective and do away with the “left” and “right” paradigme. That his an establishment con that politically savy people do not identify with anymore. Both parties serve the elite, both parties move the relationship of government vs the people to the left. Call it socialism or faschism, the result is the same: more power in the hands of government, controlled by the establishment.

    Phony Left Right Paradigm – The Political Spectrum, Republic v Democracy
    http://www.youtube.com/watch?v=iFDBcLF3yZg

    2 – People who really care about the future generations will do all they can to use the current liberties we have to make sure the political system has in place the honest, decent and dedicated people necessary to restore this once great republic. Ron Paul organization is fine, where are the candidate willing to uphold the law of the land? Talking about firearms is fine, promoting activism in the political arena is better.

    Remember that the elite have a strategy called “order out of chaos”. Create total anarchy, then manipulate the people to surrender their sovereigh power to the central authority. Then we get exactly what they want: autoritarism.

      May 12, 2013 12:46 AM

      MDT- there is no left/right paradigm with regard to principles, ideology, or policy. But there are two large gangs vying for control of the state apparatus. It’s a turf battle, not a philosophical battle (and the turf is us).

      The scale is from statism to liberty, not from left to right- of course. Surprised anyone would think I see things otherwise.

        May 12, 2013 12:44 PM

        I think you may want to listen to yourself in this edition. I did hear you say something of the nature of “we on the right”. As for the scale, one may want to consider how the founding fathers described the political spectrum. Left to right is a convention meaningful as long as everybody has the same understanding the founding fathers had.

    May 11, 2013 11:36 PM

    Makes sense to me mdtexas.

    May 11, 2013 11:39 PM

    Glass-Steagall gets new push on Capitol Hill this week http://www.talkradionews.com/congress/2013/05/06/glass-steagall-gets-new-push-on-capitol-hill-this-week.html finally I was wondering when it would be coming back ie. re-enacted notice that there is not one republican supporting its reenactment. I guess they the neo-cons have bigger fish to fry other than the Banksters they all love. Obama bombing the middle-east with ole buddy Sen. John McCain, as his neo-cons supporters on the hill. What strange bedfellows we have. …MissiveDuTexas has a point there are no more 2 parties any more its one big happy family of Bankster loving crooks being bank-rolled by the Rothschilds/Rockefellers/Goldman Sachs, JPMorgan Chase happy group of bankers. Who by the way are into going after countries world-wide using the US Military to cursade the new world order of happy banksters putting a flag on every country to be privately owned and operated by these family of crooks. …..And all the while pumping 85 Billion dollars of QE to infinity scheme of course via with tax payers money indirectly, again to steal more LAND in America, that has been foreclosed on by the same happy little group of everybodies biggest buddies the Banksters…….I think after they lost the war of 1776-87 or so, they feel they will get back their property by hook or crook, by any means possible.

    May 11, 2013 11:09 PM

    AL & Jeff, my hats off to you guys, its been hearing all segments 7& 8 were really good esp., I usually follow Ron & Rand Paul on my facebook page, as well as getting emails from them too. End the Fed, Facebook page is where I get quite alot of info from about the Banksters as well as other sources……When the time of Benghazi massacre took place, I was really into it, but its a little late now since we have Obama another 4 more years to screw up this once great country that I truely love. Hopefully IMPEACHMENT of Obama is the only way out for us all at this point. But when ? He`s just one person in a pit full of snakes to deal with. Only God can deal with this mess now.

    May 12, 2013 12:07 AM

    God weekend show Big Al and Jeff, Smaller central banks are buying PM’s, knowing the game is rigged, turning in some fiat currency for REAL HARD ASSETS.
    Everyone here knows this, and this is a great time to purchase PM’s if first time buyer. Best to all.

    May 17, 2013 17:14 PM

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