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Economic Issues with a great round table

ker
October 26, 2013

Hour 1:

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Hour 2:

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Hour 1: This week we add quality or lack of quality of a person’s life to our topics. For example, “is it correct to borrow money in an attempt to buy happiness?” This topic is addressed by Chris Martenson, founder and CEO of Peak Prosperity.  We also discuss economic issues with a great round table.

Hour 2:  We wrap up our on-going discussion about the Affordable Care Act (ACA) with a panel of experts and we wrap up the program asking the question, “Is America Still the Greatest Country in the World”?

  • Segments 5, 6 and 7: Our panel of Jeff Deist, James Farley and Richard Postma finally bring our discussion of the ACA to a conclusion.
  • Segment 8: Jeff Deist and Richard Postma opine on the question: “Is America Still the Greatest Country in the World?”

 

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Discussion
208 Comments
    Oct 26, 2013 26:08 AM
      Oct 26, 2013 26:05 AM

      Morning susan112,

      That was a great story. A really great story.

      Interestingly enough the first major league ballpark I was ever in (close to 50 years ago) was Fenway and I have loved the Red Sox ever since.

        Oct 26, 2013 26:16 AM

        The first baseball game I ever saw, at he age of 9, was in Fenway Park in 1967. My parents bought me the “Impossible Dream” album; my hero was “Yaz”
        http://www.youtube.com/watch?v=q62AUM08nzM

          Ann
          Oct 26, 2013 26:05 PM

          Hey Brian,in1967 i was also 9,but dont remember that tune.

          Oct 26, 2013 26:05 PM

          Me too Brian, 1967!

          And Yaz was killer and so was the song which is still my all time favorite!

    Oct 26, 2013 26:01 AM

    Feinstein`s New Bill to Incriminate for Speaking Against NSA Spying and Courts http://www.randpaulreview.com/2013/10/shocking-feinsteins-new-bill-to-incriminate-for-speaking-against-nsa-spying-and-courts/ also has Glenn Greenwald: “Dianne Feinstein is Outright Lying“ about NSA Surveillance Abuses. — There goes making comments on KER or anywhere anymore or its jail time…..

      Oct 26, 2013 26:24 AM

      No comment.

        Oct 26, 2013 26:57 AM

        HECK !!!………..I’ve just turned into a brass monkey……………..

          Oct 26, 2013 26:06 PM

          A brass monkey?

            Oct 26, 2013 26:32 PM

            AL……SAY NO EVIL………OR IN MY CASE SPEAK NO THRUTH.

      Oct 26, 2013 26:13 AM

      Dennis F,

      It is absolutely amazing to me that she would even consider introducing legislation like that. But then again an old friend of mine is firmly convinced that America needs government to rule the people. Needless to say, we are not particularly close friends, in my mind anyway, anymore.

      I was pleased to see that Ron Wyden of Oregon is vocally against her.

      Oct 26, 2013 26:31 AM

      Never forget that Dianne Crimescene is also a gun grabber.

        Oct 26, 2013 26:08 AM

        Certainly not of my pursuation.

      I can not believe this lady is still in office………what at these guy and gals thinking in her state…….?

        Oct 26, 2013 26:09 AM

        You know Jerry,

        A friend of my who has spent his entire life in San Francisco once reminded me that everything really “on the edge” started there as far back as the late 1950’s. Beatniks, hippies, druggies, gay movement, etc.

        No different today!

          Well ,,,lets hope she last as long as the beatniks and hippies…………..

            Oct 26, 2013 26:56 AM

            My brother Mike was a hippie, then later on became a day trader, for himself, loss his a*s in the dot.com broke up crash happened, now drives a big rig truck, he`s still in the land of the living, married to a woman and her horse, for life. Its all about choices, had he not got hitched, he probably would not have lost out so much concerning the stock market crash, IMO. — I think we need a statewide recall on her position, but perhaps the next election will do, I hope so anyway. At least the gov`t shutdown did slow her down for a time.

            Oct 26, 2013 26:07 PM

            Unfortunately the Long,

            Hippies are still around!

            Al,,,,hippies are social conservatives………….not social raticals…………..

            notice I said RAT………

            Oct 27, 2013 27:58 AM

            All, I find that remark offensive to we hippies.

            Oct 27, 2013 27:02 AM

            Believe it or not Bobby, I kind of still am one!

            Oct 27, 2013 27:46 PM

            That makes my day, al

        Oct 26, 2013 26:16 AM

        Jerry,

        Crimescene has the job for life if she wants and she will never die. (She’s already about 100 years old.)

          Maybe….she does not go to the beach………Fuky might get her……………

          Finestien….IS going to be in trouble with the World…..this is not going over with the other powers of the world….NSA…..is not welcome…….it is liken to Russia under Lenin

            Oct 27, 2013 27:09 AM

            I have to agree with you, Jerry!

    Oct 26, 2013 26:11 AM
      Oct 26, 2013 26:22 AM

      I sent this link out to a number of friends for their opinion and will report back with their comments.

      If this is true, Dennis F, I would seriously consider leaving the country.

      Anyone in their right mind…..does not want to be in the ARMY for any longer than two seconds……….time enough to say….I object…..

        Drafted 1969….so, I know of which I speak……..

          Oct 26, 2013 26:02 PM

          Jerry….funny I had a draft in 69…..played havoc with my lumbago!!!!!!!!!!!!

            Oct 26, 2013 26:08 PM

            Should have made it better Mr. Irish!

      Oct 26, 2013 26:42 PM

      DENNIS…..& there’s me thinking they had already brainwashed the army , anybody joining the army today,thinking they are doing it to defend their country is an absolute fool , they are joining to get their assess blown off to enrich the elite.

    Oct 26, 2013 26:11 AM

    Third – World – Banana Republic – Wrought with Fraud/Corruption wrapped in a Fascist – Police State~

    Oct 26, 2013 26:34 AM

    Obama`s Domestic Army(DHS) posted August 22,2013, by Western Journalism 4:45 http://www.youtube.com/watch?v=8pUqprkCHqs this was from an article from Obama`s purge 197 Officers from military since 2009 to present, for not being able to shoot on sight any American that needed to be put down, by our fearless leader`s command. Obama is seeking to arrest any who question anything he is doing or his agenda. Perhaps its time for that special next best place to live, a second passport, perhaps dual citizenship in _____ wherever, except here in the USSA. ….. And Al you were right `Facebook` is run by the CIA, but hey I`m still on Facebook, remember, have your friends close, but have your enemies closer.

      Oct 26, 2013 26:24 AM

      I don’t remember ever saying that Facebook was run by the CIA.

      Quite apart from that; however, I am starting to have a much higher level of concern.

        Oct 26, 2013 26:07 PM

        AL….don’t have concerns…..wind them up by sending them little loving messages , that really messes their brains up , they cant comprehend love & affection.

          Oct 26, 2013 26:10 PM

          Better hard to do, but the Book does say to do that doesn’t it Mr. Irish!

      b
      Oct 26, 2013 26:12 AM

      Neat you mention “the purge” Dennis.
      I mentioned it the other day here. Its just another step in the “step by step” process I have been talking about for some time. People actualy refuse to “see” it, but this process was refined in the 30s and 40s by the facists of that time. Our governments are mearly utilizing a tried and true method to absolute power.

      I wonder how many Germans/Italians or Spanish people would have remained in their countries if they actually knew what was going to happen to them.

      The american/canadian people have been blatantly shown what is going to happen to them, but they stay, kinda like visiting Hawii when a volcano is going to erupt I guess.Who cares about Vasuveous? Lets take a look. lol
      We are a really an intelegent species are we not? lol

      I see no reason to think facebook or any other thing on the net is not part of the servalance, I mean the government tells the people on a regular basis they are being watched every possible way on the net.
      That I guess is the same as people not believeing that PMs are manipulated even when the government repeatedly states they are manipulating it.
      Go figure.

        Oct 26, 2013 26:12 PM

        b…..its all about the creep…..creep up on someone & they don’t realise your there until its too late…..that’s how governments work……the creepy b666.13ds

        Oct 26, 2013 26:11 PM

        b,

        I truly hope that I never have to shut this site down. Remember we still have free speech!

    Oct 26, 2013 26:27 AM

    “Is America Still the Greatest Country in the World?

    Literally, I have to check my pulse sometimes when I visit here to actually make sure that I’m not dealing with a form of artificial intelligence that is somehow lower in IQ than that of the average North American humanoid.

    I actually now question as to whether there are real living adults that harness real intellectual brain matter that are directing the programing here that would find something as utterly ridiculous as a subject matter about, “are we still the greatest country”.

    Is this a serious question? if this completely shallow and meaningless soundbite derived from decades of “American Exceptionalism” brainwashing is meant to be serious then unfortunately I can no longer on any level take this program’s weekly or daily content with even a modicum of seriousness. This is comedy and buffoonery filled nonsense that is right out of the playbook of a Trotsky, Mao or a Stalin used as a firewall to placate the masses of useful idiots.

    The current United States of America has gone down the ****hole so far you couldn’t find this corrupt third world stazi police state with a heavy duty commercial Caterpillar backhoe.

    All of the content programmers keep asking these monumentally childish questions because they really believe this mindless tripe but desperately need the public’s foundational support for such counter-intuitive hogwash that has become laughable to anyone that has to live in this corrupt cesspool.

    The faulty logic and innate subliminal misdirections of ridiculous talking points on something so absurd is really the host needing public validation of something far too painful to admit internally, intellectually and personally.

    You can lead a horse to water………..but the rest is up to him/her!

    We are way beyond the event horizon but people are still living a la la land.

      b
      Oct 26, 2013 26:27 AM

      Vortex thats funny, “is america the best?”

      America had a chance when liberty was established, (for a few years) and you had to be a white protestant male to get the advantages of “liberty”
      So really, that too was fraudulent.

      Oct 26, 2013 26:20 AM

      Begs the question:
      Was America ever the greatest country in the world?

      Oct 26, 2013 26:31 AM

      I have to say, V, that your comment is completely ridiculous as it relates to myself or our guests.

      “Literally, I have to check my pulse sometimes when I visit here to actually make sure that I’m not dealing with a form of artificial intelligence that is somehow lower in IQ than that of the average North American humanoid.”

      Your comment is offensive and not even close to being accurate.

      Sorry man.

        Oct 27, 2013 27:48 AM

        Big Al, in the past I really thought you were the man. A real respectable man! Someone who stood for the greater cause of mankind and longed for the BS in the world to be exposed for what it is. I thought of you like I did my grand-father and grand-mother. A real cornerstone of integrity and honesty.

        I no-longer feel for one second that your motives are aligned with that of the average person.

        Your passive/aggressive reactionary personality is the hallmark of a yes-man that really believes in nothing other than what he is told to believe in. Stepping outside of the MSM BS is unprofitable for big Al in the big scheme of things. I finally understand that aspect of the show.

        Its really not about the truth, but about meaningless talking points that generate marketing hits.

        So telling good old “Vortex” that his statements are offensive and wrong are just more proof that exposes that you personally have no intention of talking about anything other than that which is news worthy as it relates to status quo information!

        You are so far from understanding and acknowledging the crisis that is unfolding in the USA that any such mainstream PC BS you may want to write and pontificate about for the masses on your site are simply intellectually useless on any level.

        If you want my respect, my true and honest respect just tell the damn truth about whats going on in the real world.

        When you do that………….I guarantee you, you will have my respect!

        Until then………………….Sorry man!

          Oct 27, 2013 27:19 AM

          Al listens to Fox news, “definitely NOT, main stream media”

            Oct 27, 2013 27:29 AM

            But just as big a pack of lies as the rest. When are people going to grow up!!!!!!!!!!!!!!

            FOX…………is the invader in the hen house…………

            SLY AS A FOX……..,,,,does that tell you anything…….

            Oct 27, 2013 27:12 AM

            Actually, Al does not listen to Fox News anymore. It is just out there for entertainment in my opinion!

          Oct 27, 2013 27:32 AM

          Kind of harsh, Vortex. Kind of off-base too. Don’t you listen to the show? It offers an open minded perspective on a large variety of topics and appeals to a range of different people, not JUST your one dimensional point of view. Sheesh man! There are more people on this planet than just you and not all of us demand a doomer perspective to satisfy our listening needs.

            Oct 27, 2013 27:13 AM

            Thanks Bird,

            If you ever get back to Vancouver, I will be offended if you don’t give me a call so that we can get together.

            Oct 27, 2013 27:22 AM

            Will do, Al. No return plans in the books yet but as they say….one day!

          Oct 27, 2013 27:11 AM

          You, my friend, are absolutely wrong!

    Oct 26, 2013 26:27 AM

    Illuminati and Facebook – Mark Zuckerberg aka `the overlord` for his bosses over at the CIA in the video speed up video to 4:50, and see the CIA talking how wonderful that Facebook has been so great in intelligence gathering, a gold mine of information. http://www.youtube.com/watch?v=otxM–fTCcM

      Oct 26, 2013 26:47 AM

      OOps ! this is the link address sorry http://www.youtube.com/watch?v=otxM–fTOcM speed to about 4:50-55 or just sit back and think if you are on Facebook now that you have been had. But not to worry you can still void your account, yet I think that would/could be that, a red flag, that you be on their perhaps a valuable asset category. Anyway we all are being spied upon by our friends at the NSA. There`s only a dozen spy agencies here in the good ole USSA.

    Ann
    Oct 26, 2013 26:13 AM

    Segment #8 That was a really awesome discussion.Jeff “cracked me up”regarding the bugging of the personal phone call.

      Oct 26, 2013 26:34 AM

      Actually Ann, it cracked me up too.

    b
    Oct 26, 2013 26:07 AM

    I thought Chris Martensons comment that the trust in the dollar was being destroyed on purpose was interesting.

    bj
    Oct 26, 2013 26:15 AM

    Part of the rub for Merkel is that the NSA was tapping her cell phone during her re-election campaign. Now bring that home to our political campaigns and project the abuses therein.

    Foreign espionage has always been around; that’s no no biggie. Our 4th Amendment doesn’t apply to non-citizens overseas. But the massive real-time and ongoing sweeping and archiving of electronic data on everyone in the USA are the trappings of a paranoid state–and that is dangerous. Your bank records, your health records, your personal records, your emails, your phone calls, your purchases are all being archived in relational data bases with key identifiers that are being integrated across the board via gateways and portals into a giant integrated relational database where each and every individual cataloged. H
    al the computer remembers everything you do and say, ‘he’ knows you better than you know yourself. The beast is upon us, and it is of our own creation–and like all things it can be used for the betterment or to the detriment of humanity.

    Back in the 1700s, the power elite invaded peoples privacy with impunity but by brute force and thus with less efficiency. Just because modern day technologies make it easier to snoop without warrants doesn’t mean the 4th Amendment is obsolete; it just means that it’s been usurped.

    Already we hear comments coming from US Senators describing the critics of a totalitarian state as being the enemy of ‘our state’!

      Oct 26, 2013 26:38 AM

      As did I b!

      Oct 26, 2013 26:39 AM

      Spying on someone without any logical reason is simply wrong and that is all there is to it!

        Oct 26, 2013 26:20 PM

        AL……so your saying , me spying on my very pretty neighbour getting undressed is wrong ?………Damm somebody ALWAYS has to spoil my fun…ah well back to my jigsaw puzzle…

          Ann
          Oct 26, 2013 26:52 PM

          Lol Peeping Tony

      Oct 26, 2013 26:45 PM

      People are almost always creatures of habit BJ. We tend to repeat the same programmes day in and day out, say the same kinds of things, keep to our usual walking/cycling/driving routes and associate with certain kinds of people etcetera. The vast survellance state now makes it possible to accurately predict human behaviour on a case by case basis but to do so in a way that determines the behaviour and sentiment of all our society. Now it is personal. In the old days governments and pollsters actually had to ask us questions to guage our feelings towards certain kinds of ideas and topics or political leanings. Now it is possible for a computer system to determine social actions and reactions based on a wide sampling of personal traits, buying habits, ideas expressed on public sites (like this) and a great variety of other inputs. What I mean is that we don’t need to answer surveys anymore because being creatures of habit we are already pegged by complex analysis of millions of data points that are known about our lives. It is therefore knowable in advance how a society might react to a modest tax increase for example or to certain types of gun control. Take any issue. Boil down the personalities of 50 million people into small categories and suddenly politics can be a riskless business for those trying to get elected. As I said before…..nobody builds a massive data base without turning it over to others for analysis. The really interesting stuff is still being incubated. We are all bugs under a microscope now.

        Oct 26, 2013 26:15 PM

        That’s not entirely correct Mr. Irish!

        Probably a little more entertaining that jigsaw, crosswords and Sudoku!

        Oct 26, 2013 26:51 PM

        Bird….Great points…I agree.

        bj
        Oct 26, 2013 26:38 PM

        All good points Bird Man. I think you just defined the study of sociology where people within a society are statistically defined by standard deviations and z-scores, and society is broken down into human domains and then mapped into a range of predictable outcomes by the well-defined functions of human behavior. Like I said Hal the computer knows us better than we know our self. Corporations with that knowledge to target their marketing and sales. Governments use it to ‘cultivate’ their population and keep them focused away from the matters of the state.

        Thus, the tabloid nature of the mainstream media–chocked full of ‘news’ analysts filling our heads with nonsense. First they feed us a bunch of hogwash, then they complete the feedback loop by doing a poll, then they report on the poll with some more analysis and hogwash, then another poll–and round and round we go..

    b
    Oct 26, 2013 26:17 AM

    Al, you said you think the U.S. is doing things that are immoral.
    I agree, I just wish it hadnt taken 200 years for people to say it publicly.
    Someone said that the U.S. could be the “best” again?
    I would suggest that people that think in those terms shouldnt be involved in any kind of leadership role. I also think that teaching children that they or their nation is somehow “better” than anyone else is abuse in many ways to many people.

    Maybe someone that undestands that military or wars dont make a person or nation “great” or “the best” might be a consideration for leadership positions.

    Otherwise an interesting show. Thanks to all.

      Oct 26, 2013 26:40 AM

      You know b, I have to agree with you regarding your comment about teaching that we are the best. That really is not the point, is it!

      b….the school system is not teaching the kids anything…..and hasn’t since 1963…

        the schools have become a training ground for the police…….ever go to a school ,,,they have police in the halls……….just a training school for the sheeple to get num to the effects of armed guards and a POLICE STATE………..

          Oct 26, 2013 26:16 AM

          It is my understanding that in the cases where you have weapons detectors, police, etc. that is necessary.

          I was drinking beer with Jay Taylor in Queens a few years ago and we were talking to the bartender who just got her degree in education.

          I asked her how the job market was and she emphatically stated that she would not accept a job of any kind in the “city” because the public schools were simply too dangerous.

          That is not the fault of the police in my opinion!

        Oct 26, 2013 26:14 AM

        Not sure I would completely agree with that, Jerry.

        Notice I said “completely”

          Oct 26, 2013 26:17 PM

          Unfortunately Bird, I am sure you are correct.

          And, that is terrifying!

            Oct 26, 2013 26:18 PM

            Just who are the problems Jerry?

            Unfortunately the answer to that question is far from being politically correct!

            Al…the kids were playing on the computer….and well,,,,,what can I say……..

      Oct 26, 2013 26:00 AM

      If you’re going to go back 200 years, then every nation state on the planet must admit to their complete immorality as well. Otherwise, I would start at 150 years ago. That is when America (THESE united states) became THE state (united by force). Voluntarism became coercion and authority came from the top, down, instead of from the bottom, up.

      It is no coincidence that there was no pledge of allegiance for 100 years. Such blind support for the state is not the hallmark of a free society. The author of the pledge, Francis Bellamy, was the cousin of best-selling author, Edward Bellamy. Both were socialists.

        b
        Oct 26, 2013 26:21 AM

        Mathew you are absolutly correct, the U.S. is by no means unique in that regard.

        The ENTIRE system has to change, that includes China to Guyana ourselves and every where and every religion in between.

        Its just here we tend to use the U.S. as our focus. But you are correct. imo

    Oct 26, 2013 26:41 AM
      Oct 26, 2013 26:18 AM

      35 discs?

    LGC
    Oct 26, 2013 26:58 AM

    The mantel of “America Being the Greatest country in the world” was destroyed when John Kennedy was assasinated and the ensueing government coverup.

      Oct 26, 2013 26:19 AM

      A growing number of people are agreeing with your statement.

      Kennedy was quite a guy!

    Oct 26, 2013 26:00 AM

    Afordable Care Act? My pig’s eye!

    Rates up, deductibles up, copays up and healthcare availabilty DOWN.

    And make no mistake, there WILL be death panels. Canada’s got ’em.

    http://calwatchdog.com/2013/10/24/liberal-slate-admits-obamacare-will-have-death-panels/

    Will the path to Soylent Green be paved with Simple Green or bacon grease?

    Let’s call it what it is: UNAFORDABLE DEATH CARE!

      the only heathcare needed is stay off sugar, and GMO FOOD………

      Oct 26, 2013 26:20 AM

      I have to assume that you are part of the 70% who never wanted it in the first place!

    Oct 26, 2013 26:03 AM

    Yes Mr. Big Al Korellin,

    Many want Obammiecare to fail so the masses will scream for a single payer system.

    It is scarier than this http://tinyurl.com/o45nhgb

    Oct 26, 2013 26:04 AM

    Excellent program. Never(well,almost never) a borrower or lender (well, almost always) be. Shakespeare had this one figured out several hundred years ago………………………

    PM’s will have their day. No one knows when…………………………

      Oct 26, 2013 26:06 AM

      Never loan money to someone who needs it.

        Oct 26, 2013 26:25 AM

        Give it to them for the real necessities of survival!

          Oct 26, 2013 26:28 PM

          AL…I agree.

            Oct 26, 2013 26:20 PM

            I know that you do, Mr. Irish! Thank you!!

        never loan money period……….

          Oct 26, 2013 26:20 PM

          Notice in my comment above I said “give”.

        Oct 26, 2013 26:51 AM

        The idea is that it might make sense to loan money to someone who knows what to do with it, and who’s continued success doesn’t require it. It can be a low risk source of income. When we buy high grade corporate bonds, we are loaning money to “someone” who usually doesn’t need the money.

        Oct 26, 2013 26:12 AM

        Matthew:

        This is the rule of thumb that Bankers have always used !

      Oct 26, 2013 26:06 AM
      Oct 26, 2013 26:24 AM

      Went and saw Capt. Phillips last night. As we were walking out of the theater, I called Rick and thanked him for the suggestion.

      I understand that Hollywood took some liberties with the story, but wow what a movie.

      You know my first thought was I am really proud to be an American who criticizes our government when he thinks criticism is warranted.

    Oct 26, 2013 26:04 AM

    Kory,

    You really think single payer could work in Amerika when there’s tens of millions of illegals coming into the country.

      THE illegals are the new replacements for the awakened sheeple………….the politicians can say anything…..and the illegals will not understand them….because they do not speak English………………

      Oct 26, 2013 26:25 AM

      Wouldn’t that be an interesting situation, Listener!

    Oct 26, 2013 26:47 AM

    Dont be a grumpy : Buy blue chip stocks , enjoy a small bull market run, at least till Xmas. love to you all S

      Oct 26, 2013 26:24 PM

      Not really being grumpy, Scott.

      Just throwing topics out for discussion. Which, by the way, I think is warranted.

      You seem like a really good guy.

    Oct 26, 2013 26:11 PM

    Just a quick couple comments on Chris Martenson’s remarks about an “exploding art market’. I have also been noticing the same thing and it bears and eerie resemblance to the mid 70’s when gold was also making it’s way up towards it’s peak which came in the early eighties. The trend then was also away from certain kinds of assets and into tangibles like antiques, paintings, high quality jewellry and all form of rarities and antiquities. On the other hand we had some pretty steep inflation in a few of those years which we do not see today. The most important attribute though is that there is usually a close correlation between stock market gains and price appreciation in fine arts. There is also a correlation between GDP growth and art price growth. That is another way of saying that an interuption in the current rises in equity markets and/or economic growth will put a big hole in the art market fast should it come to an end.

      Oct 26, 2013 26:12 PM

      Assuming there is no inflation, that is…..

        Oct 26, 2013 26:25 PM

        Do you really think that is a long term correction assumption?

      Oct 26, 2013 26:38 PM

      Bird……Why do you think the people at the top put their wealth into those things , I think its to keep it away from the Bankers & the IRS

        Oct 26, 2013 26:53 PM

        Could be. I once recall hearing that the wealthiest had something like 20% of their net worth tied up in tangibles like fine art, antique cars, race horses, precious stones, paintings, antiquities and the like. Gold coin and collectibles were amongst the treasure trove. What else would you do with your excess disposable income if not collect vintage race-cars for pleasure?

          Oct 26, 2013 26:26 PM

          Simple Bird, collect vintage red wine!

            Oct 26, 2013 26:25 PM

            Of course! And what an excellent hobby that has turned out to be for some. When wine and vintage cars beat the pants off the S&P by a long mile you just know some people have been spinning their wheels in the wrong area and not staying apprised of the real trends.

            And when I say “Fine Wine” beat the pants off the S&P 500 what I really mean is that the results CRUSHED the market by a long shot. This is actually an area of interest to me because the returns were spectacular at a time when a lot of others were losing money. Wine prices tend to run against the market just as gold does and yet almost nobody follows this peculiar investment class with much enthusiasm.

            Have a look at one single fund to get an idea of what is happening behind the scenes and then just ask yourself what you might rather have held the past few years…..preciious metals or wine. Here is the Elevation Wine Fund as an example. I hear it takes 250k to get membership though so it is probably not for everyone if you need to mortgage the house to participate…..

            The Elevation Wine Fund of Delaware
            http://www.elevationwinefund.com/Opportunity

    Oct 26, 2013 26:10 PM

    http://www.youtube.com/watch?v=l7bNOR8Psgc&feature=c4-overview&list=UU9xHDLLjog6uGaNc8TKwX9A !!!!!!!! will kill millions from cancer the BANKERS to !!!!!!!!

      Oct 26, 2013 26:16 PM

      And the HEALTH CARE BILL is the way for the government to make DEBT and build you prison cell you can’t escape STOP THE DENIAL !!!!!!!!

    Oct 26, 2013 26:49 PM
      Oct 26, 2013 26:14 PM

      Man, I just ate a quart of radishes, then a bowl of organic sauerkraut with hemp hearts sprinkled on top, followed by bavarian pretzels, with some limburger cheese added in, and then a polish sausage washed down with two quarts of German Beer (Lowenbrau), I know I could goosestep from Berlin to Paris in one night. DT

        Oct 26, 2013 26:27 PM

        You could run that distance in 4 minute miles if you drank vintage red wine!

          Oct 26, 2013 26:29 PM

          Holy Crow, DT…..that diet would send me running for the outhouse about as fast as my legs could get me there. One goosestep too many and you would be shopping for new underwear.

      Oct 26, 2013 26:26 PM

      Yeah, I read that Listener.

      Small world!

    Oct 26, 2013 26:19 PM

    Great show Al.

    People are very unhappy with a lot things happening to the West.

    High and ever increasing taxation, exploitative and non-accountable government, non-white immigration and anti-white policies in government and media, loss of privacy rights, Banker controlled economy.

    Television, sports and other idiocy provide distraction for the masses who have little other hope.

    Regarding the show music, I like most of it, but the theme music that always starts the second hour is, to put it bluntly, depressing as hell.

    I for one would not miss it if was gone!!!

    Cheers.

      Oct 26, 2013 26:25 PM

      Hi Waterloo, Al should play Wagner’s Valkyries to start the second hour. DT

        Oct 26, 2013 26:29 PM

        Either that or The Impossible Dream, Machine Gun!

      Oct 26, 2013 26:28 PM

      Thanks ddswaterloo,

      I will pass this on to Sarah. I kind of agree with you.

      Best

    Oct 26, 2013 26:34 PM

    I always wondered where The German banks got all that money to bail out the rest of Europe now I think I have it figured out, well DUH! DT

    PF
    Oct 26, 2013 26:25 PM

    More than 50% voted for Obama and the voters knew this is what Obama was going to do.

      Oct 27, 2013 27:17 AM

      I am not sure that I would agree with that.

    PF
    Oct 26, 2013 26:26 PM

    I know the cost of living in Canada is high, but if you can’t live on $125,000 to $150,000 a year then there is something seriously wrong with you.

      Oct 27, 2013 27:18 AM

      I agree with you, but tell me how on even $159K per year you can afford to live in Vancouver, B.C. (By the way, I love that city!)

    Oct 27, 2013 27:15 AM

    The death of the dollar is highly exaggerated. Nowhere is this more apparent than in Africa where annual growth rates now range upwards of 5% to as much as 9% annually for many of the fastest growing countries.

    These numbers are astonishing at a time when much of Europe is in outright recession and elsewhere in the developed world growth comes in at a dismal one or two percent. And yet over here, the new engine of global growth is currently being strangled off by the lack of foreign currency reserves needed to acquire the very much in demand production from the rest of the world.

    These countries simply cannot buy abroad in their own currencies. The demands are enormous and growing though. Industry and suppliers across the globe are being deprived access to an enormous market for the simple reason dollars are in short supply here. Solutions are clearly needed.

    Egyptian Pounds, Kenyan Shillings and Ethiopian Birr as three examples are utterly worthless in international exchange markets. You must have dollars to thrive and survive. It is only by virtue of their respective export incomes that these countries can come by the much needed hard currencies like dollars or Euros to buy energy, heavy equipment, machinery, furnishings and technology that is so highly demanded at this time.

    In Ethiopia it is reported that as much as half of all its FX is currently devoted to fuels alone and serious gasoline and deisel shortages are now commonplace. Both Kenya and Egypt have seen considerable economic setbacks in this past year due to their respective crisis (terrorism and civil unrest) and the precipitous decline that followed in tourism visits which underpins a large part of their economies. The currency inflows brought by foreigners is a critical loss for both of them at this time.

    In the wider picture, much of the African continent is still resource based and so their inflows of reserve dollars have been meaningfully impacted as commodities prices for everything from coffee and corn to metals and minerals have declined these past two years.

    Examples include most of the Gold and metals producing countries where mine closures have become commonplace and both exploration and resource development have either been curtailed or abandoned altogether. Governments are further deprived of the much needed lease fees, rents and associated levies that are gained when the miners take concessions and begin the serious search for new resources. Furthermore, employment is being impacted negatively as are investors hopes for returns.

    These are all outcomes of the recent declines in the commodity structure as I mentioned earlier, a slowing China and a globe that teeters close to all out recession. Agricultural countries have been especially hard hit. There is no doubt some irony here where past increases in Third World food prices have on the one hand made life miserable for poor working people while at the same time many of these countries are also net agricultural exporters and now suffer economic losses as prices fall. So declines in export incomes hurt even more as costs to buy the daily bread decline. You cannot win for trying in some developing countries.

    Annecdotal evidence suggests that at this time in Ethiopia there is premium of as much as 5 to 7% for USD on the black market. It is a very high premium but such is the cost as importers and at-risk companies face closures and shutdowns where Central Banks will not grant the needed exchange as the country pursues a massive dam building project against a backdrop of inflation that has run as high as 35% in recent years.

    Africa as many will know is not yet a manufacturing powerhouse. Most of its needs are still being sourced by imported technology and equipment that is being brought in to meet the tremendous needs of the growth industries like housing and infrastructure development . Roads, rails, ports, new telecom, waterworks and modern housing are springing up like desert roses after a hard rain all across the continent.

    That means that everything from backhoes to drilling equipment and glass to cement, rolled steel, rebar and aluminum are in heavy demand. So are computers, copper wire, fiberglass, ceramics, plumbing and elecrical equipment and virtually every imaginable manufactured product known to man.

    Most are not yet made here.

    Companies like Cat, for example, are not able to make solid headway here despite the incredible construction boom unless they actually produce machinery inside the target countries and accept local currency in payment. Indeed, Coca-Cola itself faced a shutdown not so long ago as its problems related to acquiring the needed FX to import necessary ingredients and expand operations (bottling and glass for example) drew to a near standstill.

    This is in spite of the fact that African demand for drink products makes this region the fastest growth market on the planet at the moment. The problem was not resolved until the US supplier and investors direct funded a line of credit in dollars from home soil but they did so at some risk.

    Once here, capital is often trapped inside the countries of destination as currently there is little hope to repatriate dividends owing to the lack of Dollars and Euros for conversion from local currencies. Investments must therefore be considered long term regional plays and so patience will be rewarded only as economic development slowly expands and exports to the rest of the world from Africa rise.

    This is therefore a region where reinvestment of dividends and income is an expectation while the ultimate rewards and profits arising from business development are deferred to some unknown date in the future. That is obviously not everyone’s cup of tea.

    But what is seen as a huge disincentive for some companies is being greeted as an incredible opportunity by others. Coke, undeterred, went ahead and announced plans for a massive expansion totalling half a billion dollars in a country (Ethiopia) where total 2012 GDP was a mere 44 billion dollars.

    That is to say that one single company now has commitments in place exceeding one percent of the total economy! Now that is what I call a bold move. Just by way of comparison and to put this in context, the GDP of Washington DC is 94 billion dollars and it has a population in the range of 600,000 people compared to Ethiopia’s 85 million people and GDP below half that amount.

    Meanwhile, the companies most invested in African markets are getting the red carpet treatment with a combination of multi-year tax holiday incentives, land discounts or grants, open access to markets and plenty of encouragement. Coke has, as an outcome of incredibly strong market growth, decided to establish a number of new bottling plants in Ethiopia that will also be directed to regional export markets. That idea has gone over very well with the government which saves its loudest applause for those who can bring production that brings the urgently needed FX.

    You probably cannot make friends with local government in Africa faster than to show up and start making something to sell abroad. The Chinese and Indian’s have seized on the opportunity and they are being embraced with love. Growth areas are typically in traditional labour intensive work like textiles and shoes especially as high land costs and rising labour rates have driven some of the big producers off the Chinese mainland in search of cheaper markets to produce from.

    Getting back to the point though…..dollars are still king over here. They are much sought after and the doomers who keep insisting the world has abandoned bucks don’t really know their tails from their heads where Africa is concerned. Dollars are indeed the defacto grease necessary for driving the economies and allowing economic expansion. Much more are needed and it is not clear how they will be acquired other than by exports and internal industrialization but one thing is becoming quite obvious…….

    If the urgently needed dollars do start showing up here in sufficient amounts there is the potential for Africa’s billion plus people to begin playing a very significant role in driving growth around the world in the coming years. They NEED what the world is producing and the continent is a net buyer….they just don’t have the right currencies on hand to meet the current astronomical demands of development (yet).

    My opinion is that once Africa’s real growth story is fully understood that the conditions might come into play to simultaneously drive global export markets while African nations begin slowing building capacity of thier own.

    If only the dollars would come……..

      Oct 27, 2013 27:09 AM

      As an aside, I have no idea who (if anyone) reads my comments but I have thrown in some off-topic commentary from time to time related to African investing to offer what few insights I have on market conditions here. I think this is important for a few reasons. Firstly, most Westerners are not really attuned to what is happening here and as such do not have good information on the risks nor rewards of investing in the worlds fastest growing economies. They are missing out on some incredible potential. Secondly, my idea is to create a little more dialogue and hopefully to clear up some misunderstandings about the continent. Opportunity abounds here but one must tread carefully and understand that thinking long term and being prepared to invest directly are the keys to success. It takes a lot of patience but not necessarily a lot of money. The vast majority of potential is still locked up in small enterprise development and new manufactures. Neither is there a large menu of choices for the armchair investor to choose from nor even a good selection of publicly traded companies, ETF’s or easily accessible funds. The market nonetheless offers stellar returns for the more intrepid of investors. As an example, where I live, near a city of 40,000 people, there is not one single sheet metal bender or stamping machine (just heard this last week and it BLEW my mind). Demand for gutters, rolled pipe, electrical fixtures and panel boxes meanwhile is off the charts as thousands of new homes and condos are now under construction. This screams opportunity but you simply cannot buy that one in a pre-packaged investment format. A friend assures me that 25k invested could yield 400% in a year. Not bad for starters. It is the kind of “you must get off the couch and come to Africa” kind of investment chance that you will only appreciate by actually being here. What is most fascinating is that these are often captive markets for industrialization and manufactured goods. This is important (so pay attention). What I am saying is that if you come here and start producing something that is currently being imported then governments and local banks will stop issuing dollars to those who are focussed on bringing in much needed overseas goods. Instead they will just refer them to the new producer who is local and creating jobs. Voila! Instant market demand and high profits as importers are then by default forced to buy locally in the domestic currency instead of shopping overseas. The dollars are already so much in demand for existing development goals and energy that buyers swear it is like pulling teeth even to acquire necessary building materials, nevermind bringing in the host of technology products and vehicles that consumers are screaming for. Anyway….hopefully nobody minds me going off topic a bit. With luck these insights will spur some interest in how others are making fortunes here right now.

        Oct 27, 2013 27:43 AM

        Hey Bird Man,
        I read what you have to write, it’s a good diversion away from USA never-ending politics and health care.

        Keep those thoughts coming; I for one don’t mind.

          Oct 27, 2013 27:45 AM

          Thank you for your kind support Irwin. I really appreciate there are guys like yourself who are willing to read and learn about opportunity elsewhere. Again, I apologize for being off topic but I think I must say something in this (investment) forum about what is happening halfway across the globe.

          Especially where it pertains to hard assets and tangibles.

          Honestly, I am surprised how few Westerners have come here (in person) to bother investigating what is happening and I am also very surprised by how few are taking African development seriously. The accolades and bunches of roses to date go to the East for now as they have been the ones to sieze on the open markets, low levels of regulation and open markets with real earnestness.

          China and India have been making good headway and picking all the low hanging fruit for the past 5 to 7 years but there is still time for others to join the party. I have only learned what is happening here recently by default because my wife is African and her large extended family still lives here.

          What is underway now is (in a word) INCREDIBLE. My closest comparison to the level of unbridled raw activity is what I know of Canada in the two and half decades following the Second World War. Unemployment in those years fell rapidly as expansion arose and wages started to climb quickly.

          The same is being witnessed here against a backdrop of high inflation and a wildly expanding consumer base. These people are full-on for development with all it’s warts and scars. They just don’t care about the downside as they rush to embrace what made us Westerners so potent in the past.

          They want fast food, take-out coffee, consumer goods like flat-screen TV’s and all the mobile devices the manufacturers can throw at them. There is a lot of copying going on too. A lot of slang on the streets that sounds hilariously New York. A lot of T-shirts and iconic clothing carrying Western messages and slogans.

          They want what we want. But they are getting it while back home the rest of us slip into a quagmire of lost hopes and lost opportunities. This is really an amazing place and the energy is very high. Demographics plays a huge role as I have discussed here before. The median age in these countries is a mere 16 to 21 and it is bursting with optimism in contrast to the old farts back in America crying about their stock losses and fallen home values.

          I cannot say this strongly enough………….the motivated investor MUST get off his sorry arse and come here in person to begin to grasp what is happening and get an honest shot at the potential that is now unfolding. You simply cannot make good money on Africa by tapping your computer keys and trying to buy stuff from 10,000 kilometers away.

          You will get nothing of value compared to what is really on offer.

          Oct 27, 2013 27:20 AM

          I second that Irwin!

            Oct 27, 2013 27:35 AM

            Thanks Al!

        Oct 27, 2013 27:28 PM

        Bird Man: An interesting view of the opportunities available. Have you thought about grasping the opportunities available and making that investment? It seems that you are in the perfect situation to do that. Or open to advising an interested investor as to the opportunities available in Africa?

          Oct 27, 2013 27:52 PM

          Just an observer right now, Gator. I have no status as a tourist. It is damned interesting for an outsider to see though. Lots of talk and chatter in the cafe’s. Everyone seems to be doing something or making a plan or a business or buying equipment and tools. This is quite a positive environment compared to home. I would call it uplifting. They have a can-do attitude and don’t seem to know anything about failing yet.

            Oct 28, 2013 28:55 AM

            If that is the general consensus, it is really good to hear, Bird!

    NYC
    Oct 27, 2013 27:22 AM

    Bird, your insights are much appreciated…very interesting. thank u as always

      Oct 27, 2013 27:52 AM

      Thanks NYC. You will never regret coming here if you ever make that decision. It is a paradise of opportunity for the adventurous but you need to be pretty sharp because the locals will strip you to the bone if you don’t know exactly what you are trying to achieve.

        Oct 27, 2013 27:56 AM

        As another aside….they are like children here compared to more experienced business people back home. It was never so easy to start something profitable just by virtue of a good education, some knowledge of history and an understanding of the basic formulas that work well everywhere else on the planet.

    Oct 27, 2013 27:30 AM

    Occasionally I enjoy listening to a professional complainer, the number one cynic anywhere, who will say anything to keep your heart pumping; but just as is the case with a good comedian, there’s a lot of truth in what he says.

    The Savage Nation – June 26 2013 (encore show)
    http://youtu.be/LvFpmb-j8_8?t=54m30s

    NOTE TO GERMAN SILVER BUYERS…………….sale tax to increase in Jan.1,2014….going to 19%

    Oct 27, 2013 27:57 AM

    hahaha – good one!

    Car died & got it towed. Driver from AMA was SO great I’m almost glad I got towed. #neverthoughtiwouldsaythat #yyc

    @AMARoadReports

    Oct 27, 2013 27:11 AM

    A couple of really good comments in segment 4 from Axel and Rick:

    Axel: “Policy makers are predictable” (I really LOVED that comment and it had a nice ring that we all need to keep in mind). A similar line of commentary might be the tested and true “Don’t fight the Fed”. The point is that we must always be cognizant of what the political class is telling us. They are very blunt. Does it really get easier than that?

    Second……..Rick said: “Invest in what you understand”……a simple brilliant truth. Don’t stray into the unknown on expectation of large gains unless you have help and a savvy advisor. The big fish are experienced already and just waiting to eat the soft Guppies who show up without being announced. I will add a rejoinder to that if I can…..learn something new because if all you know is houses then you need to get out more often. See my earlier remarks on Africa or investing in Wine, Race cars and Fine Arts.

    Keeping an open mind is really important now.

    Reading everything that comes your way is just one of the methods to gaining insights into how the market is changing in front of our eyes. It certainly does pay to follow the leaders in the early stages and not get jaded by what you THINK you know when in fact something quite different is happening in the background.

    Oct 27, 2013 27:17 AM

    Segment 4;

    PS Cory. I don’t know if it is fair to say “DON’T day trade”. While I agree most lose in the effort it certainly does NOT mean everyone loses doing it. Day trading has worked well for many of my calls. I can only suggest you engage judiciously. EG….don’t do it every day!!!!!!

      Oct 27, 2013 27:06 AM

      I applaud you as you have to be very good to do that.

    Oct 27, 2013 27:28 AM

    To Bill Howald: Very interesting comments regarding “quality versus quantity” memes arsing in the gold sector now. We should all appreciate that these early efforts of the miners to offer better upside for their shareholders can boomerang into stellar results some ways down the road when metals finally recover. Without knowing when the mining outfits will actually see bright lights at the end of the tunnel it should nonetheless give us confidence they are now setting up the conditions for a terrific bounce once the day finally comes and that they will be prepared to give investors what they really came for………….EG……….PROFITS!!!

    And lots of them!

      Ann
      Oct 27, 2013 27:02 AM

      Hi Birdman,I also enjoy reading your posts,I’ve probably read every post, since you came on the scene..last year sometime? i know you have traveled the world. You once commented on Harrison Hot Springs,which is an hour from where i reside. I found that too funny!!Do you have an opinion on Bali, Indonisia as a place to relocate.Your comment earlier about the African locals taking advantage of niave foreigners has me concerned.My life long best friend after a short visit to Bali this year, out of the blue,has purchased land and shortly will be building a residence and will be permanently relocating there next year.She recently received a very large inheritance, and in short, i am quite concerned.I really appreciate any thoughts you or anyone may have that possibly have traveled to this area. Thanks!!

        Oct 27, 2013 27:23 AM

        Ann,

        Are you anywhere near Rowena’s?

        It is a golf resort of sorts on the Harrison River where there is a huge eagle sanctuary.

        Kathy and I stopped there on the way home from Harrison Hot Springs and were very, very impressed with the entire area.

        Best

          Ann
          Oct 27, 2013 27:14 PM

          Rowena’s!! That is too funny.My husband,Greg,has been pissed at them for years and years.He lost access to alot of his fishing grounds when construction began.Like.” move on” up or down,wherever!!.We recently moved form Kerrisdale to a small town,abbotsford..cheers

            Oct 27, 2013 27:47 PM

            I used to shop a great second hand book store in Abbotsford, Ann. It was right on the main drag there and the books were dirt cheap. Like a buck or two for anything you wanted. Maybe Mennonite as I recall. Nice peope. Wonder if it is still there after all these years.

            Ann
            Oct 27, 2013 27:01 PM

            Hemmingway’s, i bet, downtown,”old Abbotsford”.

            Oct 27, 2013 27:34 PM

            Is it Mennonite?

            Ann
            Oct 28, 2013 28:11 AM

            Hemmingway’s doesnt have a ring of memmonite to it,does it.House of James, achristian book store owned by the Klassens,but i dont thing they carry used

            Oct 28, 2013 28:08 AM

            Maybe I am just dumb. How would I know Hemmingway was not a Mennonite!?

        Oct 27, 2013 27:33 AM

        Oh my God! You read ALL my posts? I have too many people to apologize too I can’t keep track of them all anymore. Thanks for the thoughts anyway. I have never been to Bali incidentally but real estate in my experience is a heartbreaker in so many countries when expats try to buy. Just tell your friend to get good representation and better yet use the services of a citizen from a country you trust (EG…..be careful with locals because the scams are amazing). I met a woman in Cairo who thought she bought an apartment building with her trust fund. The lawyer was in cahoots with her boyfriend. They changed the documents so that the first page was different than the subsequent copies and then they destroyed the original after she put her name to the papers. What she actually signed away were her rights and the property into the names of the lawyer and boyfriend. Very sad. Huge loss for her and the court was not sympathetic so she got nothing and they took the land and rents. It is very unwise to invest in property unless you have residency too. Being on a tourist visa alone means you live at the whims of others. Most don’t appreciate that small consideration but there is a big difference in the law between a resident and a tourist in some countries. The latter have no real standing when it comes to disputes.

          Oct 27, 2013 27:35 AM

          Good points, Bird. Thanks you

            Ann
            Oct 28, 2013 28:28 AM

            Too funny, my apologies,BM.The BC Fraser Valley has a large Mennonite community.They are good people,easily identifiable by their last names.

          Ann
          Oct 27, 2013 27:17 PM

          Birdman, i really appreciate your response and will pass on the info.

      Oct 27, 2013 27:03 AM

      Bill is a very bright guy, Bird!

    Oct 27, 2013 27:29 PM

    I think this is the most positive statement I’ve ever read from Venable:
    “Gold shares making progress but likely still too early…here’s Barrick.”

    https://twitter.com/CoryLVenable/status/394521368793849856/photo/1/large

    The norm for him is usually much more negative.

      Oct 27, 2013 27:54 PM

      yes agree irwin !

        Oct 27, 2013 27:01 PM
          Oct 27, 2013 27:04 PM

          Thanks Franky,
          A message like that warrants a song of praise!

          To God Be The Glory
          http://www.youtube.com/watch?v=ORH6TuZjM-Y

            Ann
            Oct 27, 2013 27:10 PM

            Awesome,Irwin!!

          Oct 27, 2013 27:43 PM

          Yes franky – prosperity pimps are Satanic. I’m not sure about the ‘Rapture’ bit but yes, yes, yes let’s throw out all the religious impostors!

            Rapture is called for in the bible…..it is part of the dispensation of time in which we live…..rightly dividing the word….Pauline doctrine……..see Acts.9……..where our time period starts…………..and this is today’s message….not the Jewish message,the Mosaic covenant……… which most get confused with…………….and yes the rapture will take place as it is written……..

    Oct 27, 2013 27:06 PM

    A foreshadowing of things to come?

    http://www.cnbc.com/id/101146330

    Oct 27, 2013 27:08 PM

    Weather: – now we’re in it … last year the first snow stayed ’til spring.

    https://twitter.com/KimUnangst/status/394562732445278208/photo/1/large

    Oct 27, 2013 27:46 PM

    Here in the UK Irwin we’re about to get blown away by near hurricane force winds – the worst storm to hit these shores for 20 years apparently.

    If it all goes quiet from me from hereon you’ll know I’ve been blown away or maybe even ‘raptured’!!!

      Oct 27, 2013 27:13 PM

      O aye Captain 🙂
      -batten down the hatches, hold on tight, and pour a tot.
      -good luck to ye and fear not.

      http://www.youtube.com/watch?v=rQ3MkrSc5yY

        Oct 28, 2013 28:53 AM

        Irwin – mega storm turned into pretty much a damp squib, at least for those living in the Midlands….worse to the south apparently. And I’ve not been raptured either. But if you’re still on the planet then I guess it’s not happened!!!

          Oct 28, 2013 28:55 AM

          Andrew,
          Your storm made the news here this morning; I hear some flights cancelled and one boy swept out to sea.

          Our snow has stopped, but -10c as I type.

    b
    Oct 27, 2013 27:07 PM

    An excellent interview with Jim Rogers and Doug Casey on Investmentwatch today.

    Oct 27, 2013 27:58 PM

    The disaster which is waiting to happen in the stock market is going to be frightening more to the rich and the powerful because unlike 1929 the foolish and unwary are no longer involved, they have been priced out as The Fed has kept this the market going for it’s rich friends. DT

    pat
    Nov 01, 2013 01:32 AM

    Exploding art market is the beginning signs of the hyperinflation that will trickle down into our everyday goods..John Williams of shawdowstats predicts this going forward into 2014.Our loaf of bread could go from 4 to 50 to many multiples..Do you want to be caught holding the american dollars?