Split between politics and economics
Hour 1 –
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Hour 2 –
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- Segment 1 and Segment 2 – Bill Fleckenstein of Fleckenstein Capital discusses his current take on the conventional markets and the hard asset sector.
- Segment 3 – Chris Temple from The National Investor weighs in on the strength or lack thereof of the conventional markets.
- Segment 4 – John Williams of Shadow Government Statistics and Rick Ackerman of Rick’s Picks discuss the employment numbers and their true meaning.
- Segment 5 – John Williams and Rick Ackerman continue their discussion but enlarge it to include the strength of the economy in general.
- Segment 6 – Rick Ackerman and Larry Amernick of the Amernick Letter discuss the recent actions of the U.S. in The Middle East.
- Segment 7 and Segment 8 – Big Al, Cory and Jeff discuss the implications of the recent U.S. elections and what the future may very well bring.
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You talk free markets . No more STOP DREAMING ! You are living in a world planned economy ( communist ) STOP THE DENIAL ! The numbers don’t add UP ! That’s why you don’t understand what day downing ! STOP ! Day have a total other AGENDA ! The us army works NOT FOR THE US ! SORRY YOU ARE SLEEPING !
Day no care you won’t day care the world AGENDA ! You are so MISLEIDENDE ! What a NAIVE SHOW ! EXCUSES FOR DENIAL !
Everyone please read this interesting article, especially if you believe that U.S. stocks are in a bubble, because they are not.
http://seekingalpha.com/article/1821432-u-s-stocks-not-in-a-bubble-ill-tell-you-what-is-though
Not yet ,,,anyways……..
.QE,,and a retiree have two things in common.., they are closer to death than they want.
why is it that the guy writing the article is in the mountains and has a back pack on?
He lives in Peru or Argentina or something Jerry. Once upon a time he decided to go splitsville with home in the USA and start some kind of farming operation in South America where the opportunity was better. Last December he was in a totally different frame of mind as I recall. He was telling everyone to sell all their assets, get into cash, dump stocks blah, blah, blah. Now he is saying everything is hunky dory.
thanks bird…………
@ JERRY and Bird Man,
It’s real easy to criticize someone. Interesting thing is that neither of you have provided any intelligent rebuttal to his article. I would like to know what articles either of you have written and had published on SA recently.
Additionally, how much money have you made in the conventional market during its tremendous run up?
Or have you just been sitting on your dead (at present) money in precious metals and the associated huge losses in the stocks of the companies mining them?
Hello Mike…..You are correct that I have not offered any rebuttal to the above article.
I really did not want to waste my time, since, I have other things which I enjoy doing besides reading articles on an already overvalued market….Everyone has advice, and I just do not think I can take a person serious that is dressed in play clothes.
Actually I appreciate the authors work, Mike. I have been reading him for years and discussed points with him directly. He is a good guy. I was just pointing out that he has done a 180 in the past while. Like a lot of others he went from being fully entrenched in the fear camp to getting enaged again. That is not really a criticism either as he has sure not been alone in that regard. We all saw the market as dangerous at different points and lots of opportunities were lost by clinging to incorrect philosophies. I hold zero gold or silver by the way and am feeling repulsed by metals equities since you asked. So no, I am not losing sleep or money over that end of the market.
Mike,
You need to re read what I wrote,,,,I certainly did not insult YOU..or your
favorite person in SOUTH AMERICA…….
Mike,,,SOMETIMES an intelligent response is No response.
Again I ask, is the favorite person in South America the publisher of Incacola News?
Mike
I decided to read the above article , out of respect and consideration to you.
” stock not being in a bubble”.
It seems your Buddy is a letter writer for” Profit”.
Since, I took “MY TIME” to read the information …I was inconvenienced by the fact that in order to read the entire article,,,,I needed to give them my name,, ,email and get on their list..and was not able to read the last page…… A BAIT AND SWITCH ARTIST AT WORK….
What I ascertained from the first page,,,, the man had been confused, previously,,as he states and needs to restructure his thinking (conveniently to sell further subscriptions) and, to cover his previous mistakes that he mislead his clients,,,and is now changing his mind,,,which looks to me like he needs some more cash,,,to cover his play time in the mountains, or he gave bad advise, and bad advice is not worth anything.
SO,,,”THERE IS NO PRESENT DANGER” he says….. that he pretends there is no bubble at the time., says who, …He is making readjustment, from his previous calulations…
which were a MISTAKE………REGROUP…..
The stock market will crash just like 1929,,and all the fools who participated ,,,even the greats lost their fortunes,,,DO some reading on the victim of the ’29 crash…..it is called history….and is a fact….just as you do not have all the fact on my beliefs or my portolio….and yes, I have made money and continue to make money in the stock market,,,I do feel at this moment the valuation, and along with the QE. stocks for many are a last ditch effort to regain what they lost in other area……….Real Estate, bond, CD……..The greater fool theory sticks in my mind. Just as the PM are manipulated, the stocks are required to make money……which requires them to sell something of value, which requires a purchaser, and with unemployment increasing , which means there are fewer numbers of purchasers,,,which in return decreases sale, which deceases profit, which decreases the worth of the stock,,,because they can not retain earnings…..etc……you get the picture…….The stock market is forward thinking of at least 6 months…..and that six month period puts us May….and May is after tax season, and what do they say……SELL IN MAY AND GO AWAY……
So…there is my rebuttal……….
Yeh Jerry, I also didn’t like the idea that I had to register to read it.
Oh well, I will be reading it shortly and get back with my opinion.
@Jerry,
I have absolutely no idea what you are talking about when you mention that you had to register in order to read the article. You do not need to register on Seeking Alpha in order to read his article.
Secondly, he did not ask you pay anything to read his article.
As for your portfolio, please share your portfolio with all of us so we can see how wise you are in terms of investing in the stock market.
You continue to resort to some of the most common fallacies and you do so each and every time you write and try to defend yourself.
You continually resort to ‘ad hominem,’ and ‘hasty generalization.’
If you would simply compare three charts, it is very clear where all of the ‘smart’ money has been in the past two plus years. Compare the charts GDX, GDXJ, and
the S&P 500 and then let us know all of the conventional stocks you’re invested in and how much you’ve made on them over the past two plus years.
Furthermore, you still have not provided and compelling rebuttal to John’s article. None whatsoever.
By the way, what does O^OTB stand for Jerry the Long?
Sorry to disagree Mike, but I had to register to read it also.
MIKE you are absolutely correct….you do not have a clue…….
Jerry,
There you go again. ‘ad hominem.’
Mike ,,,,I have explained my moniker for several years….,,that means you have not been around for several years………..
AS I SAID BEFORE your man screwed up and wants to explain why he change his mind., by changing the ratios…..do you know what a ratio is…….do you even know what a bubble is….
Lets begin with some basics.. How old are you?
Mike,,,,since you want my portfolio…that must mean you want and need investment advice…..I am not an investment advisor…..besides you sound like a trouble maker at heart……….
You need to seek some more alpha…come back when you have been around, and now anything about cycles and bubbles…….
What? Out of the box? Please share with all of us some of your ‘out of the box’ thinking, ideas, investments, etc.
Jerry,
Here is one of your previous post: “Hello Mike…..You are correct that I have not offered any rebuttal to the above article.
I really did not want to waste my time, since, I have other things which I enjoy doing besides reading articles on an already overvalued market”
It would seem that you really don’t have other things which you enjoy doing, as you spend most of your time on this site posting and replying and continuing to use some of the most common fallacious methods when doing so.
Common Mike, please lay off!
read above post …..
Well Mike…..Lets hear some of you new found wisdom.
I rest my case. How disappointing. I was really hoping for something truly ‘out of the box.’
You need to change your moniker.
I was thinking of MIKE THE MORON…..have you taken that one yet….
‘ad hominem’ Jerry. You really don’t get it, do you?
Well Mike….ad honinem….meaning …to the man….prejudice rather than intellect…
we might have visey verse…………..if you get the drift………
Mike…….thanks for POSTING MY INFORMATION AT SEEKING ALPHA…. of which you are an article writer….MR. or? Micheal Allison….is that correct?….,,,
as you said YOU HAVE MADE ME FAMOUS…..but, I was famous before,,,
j…..OOTB..
Thanks Mike,
I went ahead and registered to use this site.
BEWARE ANYTHNG THAT YOU WRITE …my be post by the mad Man MIKE
The current P/E is nearly 35, but I prefer this measure:
http://www.multpl.com/shiller-pe/
A bubble? I’m not sure. Bubbly? Yes. If it continues much higher from here before correcting, a much nastier and more protracted correction will become likely.
To quote Mark Mead Baillie, “But if earnings growth is truly solid, why has the price/earnings ratio of the S&P Index itself been soaring this year, hmmmmmm?”
Re Seg 6 and the Middle East Thomas Friedman (From Jerusalem to Beirut) repeats an essential point about Israel, and here I quote from P. 280:
‘Israeli leaders such as Golda Meir, Menachem Begin, and Yitzak Shamir, instead of fighting against the “Holocausting” of the Israeli psyche, actually encouraged it, turning the Palestinians into the new Nazis and Israel into a modern-day Warsaw Ghetto aligned against the rest of the world. Begin more than any other figure, reintroduced into public rhetoric the language of the Israeli as the inheritor of the traditional Jewish role of victim, whose fate, like that of all Jews in history, is to dwell alone’.
Although Israel describes itself as a democracy, this belief in her remaining the eternal victim is what underneath unites both the Likud and other political parties, and is arguably what makes her so unpredictable.
As for Saudi Arabia being the friend of my enemy’s enemy with Israel over Syria this, as has been stated on this blog before is all over oil. Likewise with Iran’s oil interest along with Russia’s pipeline in having access through Syria.
Stepping up to the plate as the news world’s statesman Pr Putin is going to have to do a lot of sweet-talking both with Iran and Israel if, as the latter has threatened to do she doesn’t take out Iran’s centrifuges within the next few weeks.
Great points Reverend.
Thank you Bill Fleckenstein! You are a breathe of fresh air to me today. I am very much in agreement with most of your comments pertaining to interest rates, bond markets, actual inflation and how we should be arriving at fair market values regarding P/E ratios. I also could not agree more that “once markets get crazy then they usually just get crazier”. That has also been my experience. We cannot easily put timelines on when sanity will prevail again under such circumstances. On the issue of manipulation all I can really add is this…..thank God I am not alone in taking those views you expressed so cogently. The whole blogosphere is infected with this current thinking that absolutely every market event is a manipulation of some sort or another. It is childish beyond measure even though there is certainly a kernel of truth that all markets suffer at the hands of those who want to game them from day to day. I cannot seem to find success in conveying that the extent of manipulation is not anywhere near as serious as some propose nor that I seriously doubt the government and Fed have a direct hand in it. Lets just say I hope you have time to return here again and maybe bring a moderating influence to a group of listeners whose conspiracy theories now border on insanity.
Bird, Fleckenstein is right the problem is The Fed, having said that why don’t they just allow interest rates to assume the value they would be at if The Fed wasn’t in control. The Fed is not part of a natural market so if we don’t have manipulation just allow the market to regulate itself.
I also don’t agree with the point he makes that if there was manipulation where are the prosecutions that would have happened in the previous administrations. That sounds like a real naive thought,if they started prosecuting all the wrongdoers I believe that once the finger pointing was done it would be very detrimental to the overall economy and if that hasn’t created a manipulative situation alone I don’t know what has. Surely the prosecution of Martha Stewart a woman and Bernie Madoff who ripped of the rich and powerful is not representative of the real wrongdoings. The big problem here is the fleecing of the middle class and the small time investor and if the banks are prosecuted for that the money will go to the government. DT
Good points DT. If we started prosecuting a lot of people would be in jail. Including us maybe!
I appreciate your comments regarding conspiracy theories, Bird.
More on that later.
Love listening to John Williams ,Al,so thanks for bringing him on.
Re: The US currency in circulation -the Fed has no idea how much is outside the US.
I have always surmised there may be excessive amounts of US Fed notes printed and in circulation on every corner of the globe which would suggest the price of metals without the Comex-LBMA price fixing is relevant to this concept.
I am only up to segment 4 because of my guppy sized connection. Chris Temple was awesome as usual. A very smart guy and a great listen. Don’t let him go Al!
Thanks Bird,
I forwarded this to Chris. He is a good guy!
Nov 09 George Galloway: Free Palestine VNN
This is from 321 gold. Thought it was relivent to seg.6
CORY,
WE HAVE TO WAKE UP ABOUT THE INTENTIONS OF THE OBAMA ADMINISTRATION. THEY ARE PRO MUSLIM AND ANTI AMERICAN. OBAMA HATES ISRAEL AND WANTS TO SEE IT DESTROYED.
WE WILL SEE MORE OF THIS AFTER NEXT YEARS ELECTION. TALK ABOUT A WOLF IN SHEEPS SKIN. OBAMA IS FOR ANY THING THAT IS NOT GOOD FOR AMERICA. PEOPLE ARE STARTING TO WAKE UP TO THIS AFTER SEEING THE EFFECTS OF OBAMA CARE. THINGS ARE GOING TO GET A LOT WORSE. HOPE FULLY THERE WILL BE SOMETHING LEFT AFTER 2016.
Silver Man.
Your saying Obama hates Isreal like thats a bad thing. Not that I like the word hate.
Maybe he doesnt support Isreal for a reason?
I posted earlier a speech by George Galloway, its on vnn, “Veteran News Now”.
the link didnt take as usual for me, but its on 321 gold.
Not that I really aprove of Obama,but a 15 minute listen to whats happening in Isreal might give pause for thought concerning the situation there.
To be honust I dont know why we allow travel there or do business there, I know the Isrealis lobby but I grow tired of being continually on the immoral side of things.
Maybe he is trying to maintain a balance after all the whole gov’t is pro Israel with just too much ass kissing. US has no benefit from Israel.
In segment 4, the audio quality of Corey’s voice is EXCELLENT, but in all previous podcasts is sounds very “Stephen Hawking-ish” and somewhat piercing. Keep using whatever equipment you used in Segment 4 please.
Thanks Johnny,
We try to do the best that we can and sometimes because of the Internet we have problems.
SILVER MAN – would be interested to know more as to why Obama ‘hates Israel and wants to see it destroyed’.
Come in Silver Man – still asking????
Reverend,
You are bringing up a subject that Bob Moriarty and I have talked about endlessly. It is an interesting situation. I will get him on the Show to discuss this sometimes. I guarantee you it will make a lot of people angry. But, free speech is the name of my game!
Thanks Al, Bob’s anger is always salutary and refreshing! A
I think the world would be a more peaceful place if the US was isolationist.
Johny,Isolationism was tried and failed, tho you could be right about the world being a more peaceful place, the U.S. needs to be an integral part of our develpoment.
They just need to find leaders that are not psychopathic with zero moral compass.
I honustly dont know if thats even possible.
Well now, that is a good point b!
I kinda have to agree with both you and the Reverend, Johnny A!
Totally agree Johnny A. Over the last 70 years the U.S. has been a havoc maker and for what? Untold misery along with some U.S. vets thrown onto the ash-heap.
Just noticed your remark to Silver Man, Andrew. I posted before seeing it.
I see you and I agree yet again. It is nice to know there are people out there that believe in kindness, careing yadda yadda.
Maybe its the yadda yadda stuff thats important. lol
Somehow I think it’s only the yadda yadda stuff that matters longterm, b!
Although I’d hate to end my days broke (want to leave some stuff to my family) it was Oscar Wilde who said something along the lines:
‘If you lose your money you lose little, if you lose your honour you lose much. But if you lose your heart you lose everything’.
Best, Andrew
Amen Reverend! Or maybe I should say “Amen Mr. Wilde”
Should have written ONE MILLION U.S. vets…..
Count me in boys I think The World would be a much better place if countries and people just minded their own knitting. DT
Of course, Machine Gun! But, is that possible?
having been out of this world for some 20+ years… you need to accept that the monies under the queen have brought us the Fed, the IMF, the bilderbergs, the rothschild family, and their minions ready to take the world on their blind greed and power play… Let those who care enough step up, wake others up, and allow the good to help those in need thrive through the fall and refusal of governance to reset
Were you in jail?
No just asleep, I used to call my sons The RipVan Winkles because all they wanted to do was sleep and now that they have left home as adult children, they are learning to adjust. DT
Hold on a second. Are Dick Tracy and the poster named RipVanWinkle the same person?
Off topic but can anyone smart and technical out there tell me if the disaster at Fukushima is as dangerous as some people are now saying? I read tonight that if they break fuel rods in the extraction process that the whole Northern Hemisphere would have to be evacuated. Are they kidding me or what!!! Frick,.. this is just idiotic. Whenever Helen Caldicott and David Suzuki get involved in the discussion I just roll my eyes into the back of my head. Both swear we are on the cusp of extinction. Is this all bullshit or what?
Barry McGuire— The Eve of Destruction
(find it yourself on Youtube……this site does not accept videos with music unfortunately)
Bird Man,Big Al posted a short video about the subject.thur nov7 under Gary Salvage Insights…if you happened to miss it.
Sorry,reread your post.You obviously saw it.
Bird Man ; Students of eschatology inevitably ask, “where is America mentioned in biblical prophecy?”
One possible answer is: “… the young lions of Tarshish would definitely refer to the North American colonies as well as the European colonies, and hence bring the U.S. into this prophecy as one of the nations that will strongly protest the Russian invasion of Israel in the last days.”
I’ve always thought that was grasping at straws. Maybe the reason there is no mention of America is that they’ve all been extinquished or have moved to Africa.
Real estate in Africa might do very well.
yes Irwin the 4 continent of the new world order http://www.wadupam.org/new-world-order-which-way-for-africa !
Gracias, Franky.
Real estate is already doing really well here, Irwin. I have been pretty shocked at some of the prices actually. They are blowing an asset bubble in some areas that most closely resembles China’s when it comes to the metrics like price/rent or price/income. What the hell is going on? I thought these people were supposed to be poor. If Fukushima is really going to destroy the Northern Hemisphere you better be quick about getting some land here. Buy now or be priced out forever!
Just as an example, a friend of ours recently purchased a home near the capital. It is nothing really special. Just a rather ordinary home in a typical district. What shocked the boots off me was that it would take the equivalent of 65 years average salary to pay it off. That is triple the price/income ratio in Shanghai which is virtually the most expensive housing market anywhere outside Hong Kong or Singapore. As a comparison the ratios of price/income range from 3 to 6 in most developed countries like Canada and the US……….EG: it would take between 3 and 6 years of median after-tax income to buy the average home. I would say they have taken the term “bubble” to whole new vertigo inducing heights over here. On the upside there is a tremendous wealth effect created where none existed before but when this balloon finally bursts then watch out below. So just a word of caution to anyone investing here; keep it in the back of your mind that there are big pitfalls ahead for some countries and the African consumer economy that is still in the early stages of development.
Thanks Bird Man .. interesting as always.
Of general interest:
“This chart shows the average detached housing prices for Vancouver, Calgary, Edmonton, Toronto, Ottawa* and Montréal*
http://moneytalks.net/topics/personal-finance-and-real-estate.html
Click on “home” at link above to access Saturday’s “money talks” interview with Danielle Park.
Thanks Irwin. Yes prices are high there but not yet insane like other countries. I thik the worry is that the banks have issued such a huge amount of mortgages that it represents an unusual amount relative to total GDP. Most of the people I know back home are mortgaged to the hilt. I mean it is just stupid how much debt they are carrying when you add in car loans, credit cards and lines of credit. If the world is really deflating as I think it may be then they will be in deep waters down the road.
Thank God, we got out a number of years ago Bird!
bird………….real estate note…….they are doing fine in your neck of the woods,,,why, the pirates from Somoli have to put there millions of new gained wealth to work into other assets…..Al, calls that diversification ..
With a capital D, Jerry
IRWIN:
A better question may be, “why is America not mentioned in the bible?” It is such a silly argument that is made by prophecy “experts” like Tim LaHaye. They cannot have their cake and eat it too — America is not mentioned in bible prophecy because it is not mentioned in the bible — it’s that simple. They create ridiculous and glamorous stories that they cannot back up with ANY biblical evidence.
Which only tells us the writers of the bible did not know America existed.
Could that possibly be because it did not exist at the time, Bird?
So true, Bentnail!
Interesting, Irwin!
Bird- here’s a very different take on Fukushima:
https://www.cfact.org/2013/10/12/physicist-there-was-no-fukushima-nuclear-disaster/
Come in franky – come in????
all juppy stoff banker like ass canser will love dame run from the west coast ! andrew !
Thanks Jeff,quite the difference of opinion from the video posted a few days ago!!So, who do we believe??
ann hallo all need GOD http://www.youtube.com/watch?v=XhfUzhrmLhg&list=RDMs13mBwg1r0 !
Thanks Jeff. We need a more sane discussion on this topic. I appreciate the link and probably would not have found it easily as the sane commentary has been buried under a mountain of hype and fear. Just googling Fukushima and all the crazy stuff seems to be floated right up at the top.
Bird, The Fukushima disaster is mostly related to the very high contamination of the Pacific Ocean with radioactive elements primarily at present Cesium and Strontium, but other contaminants like Plutonium are also getting in and could potentially become the main danger should the fuel rods of the reactor which actually produced and used Plutonium break apart and enter the ocean in mass. Understand that the Pacific ocean is the primordial and largest body of water of the Earth and should this human caused catastrophe continue it will be like any one of the major changes in geologic time as represented by mass extinctions, end of Paleozoic, end of Mesozoic. In this case Fukushima would certainly represent the end of an Epoch similar to the end of the Cenozoic, Jurassic etc., and could possibly mark the end of an Era.
Continued contamination of the Pacific if allowed to continue will in not more than a decade cause mass extension of Earths largest biomass and will eventually do the same to the Indian Ocean and in a century spread to contaminate even the Atlantic and Arctic Oceans.
Most of the media or reports addressing the Fukushima ecological and Earths biosphere consequences (about 95%) are not explaining from a scientific point of view and thus in terrible disarray of proper representation. Nevertheless, the consequences and risks associated are grave, just not in accurate way how most reports present.
Total risks to all life on the Earth as consequence in the killing of the Worlds oceans triggered Fukushima is extremely dire. World leaders, Corporations and governments are treating Fukushima with extreme dis concern, this to extent where intelligent conclusions could only be the result where they are totally ignorant, stupid, incompetent or actually know the end results and want it to happen if by design. As for my own opinion it is difficult to decide which is the truth, all leaders and governments being stupid, dumb, and totally incompetent or a few in control that are just plain Evil beyond imagination. People judge and are judged themselves which is worse.
You may be wondering what the consequences to terrestrial life not living in the Oceans could be? Probably slowly dire at first, then increasing to rapid all at once.
I am not so sure Clay. This situation strikes me as one that is being overdramatized and exaggerated. The environmental movement is making a lot of hay now and creating a lot of fear but as was noted in the article posted by Jeff Deist, the actual contamination levels of water entering the ocean are quite small. Even the conclusion that a meltdown would result in an explosion and the destruction of Japan strikes me as improbable and over the top. We already had a core meltdown there and nothing has really come of it. Are you so sure this is not just a seriously overhyped scare situation designed more to damage the prospects of the nuclear industry for agenda purposes? I sure hope the end of the next epoch in world history is not going to be called the Fukushima Era!
Yes I agree, exaggeration and over-dramatization is concurrent, irreverent to actual understanding. But dire consequences are real notwithstanding because species not capable of surviving or reproducing in high radioactive nuclei environments will go extinct. This in species living close the edge already and then even those believed safe for the moment. If radiation in the ocean increases there will be increasing die offs of living organisms first populations and probably species extension. As per the Jeff Deist’s understanding of “quite small” amounts, that is not correct by any measure because levels of radioactive Cesium 137 and now strontium are showing up in fish across the North Pacific at increasing levels. Cesium 137 with half life of some 30 years is not naturally occurring and only comes from reactors, so if levels as measured in kelp off California shoreline are increasing there is considerable amount being dumped locally or exponential larger amounts from Japan.
Reports that talk about nuclear explosion being triggered by a reactor do not understand nuclear science. Any possible scenarios of concentrating plutonium through processes of groundwater geochemistry leading up to an extremely unstable pile large enough to make a bomb would still need a trigger capable of detonation. Nuclear detonators do not occur naturally in the earth as far as I know, and even the man made ones are very difficult to build specifically to a concentrated mass of Plutonium. So a naturally occuring nuclear explosion coming out of Fukushima is extremely difficult to imagine by any measure. Fires are possible to the extent fuel is present and so are chemical explosions such as rapid burning of hydrogen gas in air, neither of which or any similar chemical reactions are even remotely possible to detonate nuclear explosion. In other words any natural processes capable of building and detonating a nuclear pile is more fiction than any science fact, which pretty much describes Hollywood and the Media.
The British Columbia government and many West Coast States are presently measuring radionuclide isotopes in near shore seawater. The information of which is highly classified and not reported. But more importantly, are they finding any Fukushima isotopes? I suspect they are, mostly anecdotally as the tight lip security of such monitoring increases. In my opinion any trace of Cesium 137 showing up especially if it increases is not good news.
I do not know how bad it actually is nor do I know just how bad it can get, but I do know it is getting increasingly bad and probably more out of control otherwise levels of Cesium 137 would not be increasingly showing up across the Pacific. Big problems start first small, then when left ignored grow rapidly to beyond control. A penny of prevention is this case is more valuable than a Worlds worth of wealth, and anyone who throws that penny away has lost all the wealth of the world.
My guess is that it will not be called anything at all like that Bird!
Excellent post, Clay.
I note that you correctly point out that Fukushima is a “human caused catastrophe”, not a “natural disaster” as so many are saying.
The first human error was the shaving of 80 feet from the site of the reactors before construction began, in order to lower the cost of operations. Had those reactors been built at the original elevation, there would have been a natural sea wall in place.
I’ve posted this interview with Paul Gunter before, but it’s worth repeating.
http://www.youtube.com/watch?v=Ev-EVnvB3e8&feature=youtu.be&t=47m14s
After reading a little more expert opinion on the subject tonight my conclusion is that this is all a fear parade and no significant risks exist for the Pacific Ocean or North America as are being promoted across the internet at this time. It will take some years to clean up the site of the problem but some of the reactors could eventually be put back into operation. Only localized issues are of concern to Japan. Tokyo is not threatened nor are any US and Canadian coastal cities. The Fukushima disaster chronicles as expressed by the lunatic camp of environmentalists border on a fraud of misinformation and hype. This story can probably be retired from the front pages as nothing more than a local industrial accident brought about by acts of God in the form of an earthquake and corresponding events like the Tsunami.
Clay mentioned the key point — measurements are being kept secret. Not sure you and the usual crowd of KER nuculars are aware that certain foods are still being tested, and discarded, for dangerous levels of Chernobyl radioactivity, and as far away as Finland or Switzerland. And that’s a quarter century after the Soviets contained the ruin. Localized issues… fish from the N. Pacific is marketed globally. If there really are no elevated levels of radioactive crap being found in Alaska to Baja: why hide the data?
About a 1,000 Pacific sided doklphins have moved into the Salish Sea (specifically the area around the Southern Gulf Islands). I actually saw two pods on Sunday while on ferries in the area. I believe this is a MARKER event, emphasizing the degradation of the Pacific Ocean due to the tsunami debris and radiation leakage.
Saw him do that in person many years ago!
Here it is just in case this site allows video.
Barry McGuire— The Eve of Destruction
http://www.youtube.com/watch?v=ntLsElbW9Xo
Cool. That posted. I wonder why my posts from yesterday did not go through? So lets try again and see if this works. Here is Robbie Robertson singing “Somewhere Down That Crazy River”. Last try. Al and his cohorts hate me. I know it……..but I don’t give a rats ass. My nature.
Somehwere Down That Crazy River — Robbie Robertson
http://www.youtube.com/watch?v=4KP9PNSUME4
Sweet Baby!
bird…..if you get accustom to speaking to yourself and answering yourself,,,,,then we know you will be part of the family…………….Al’s family that is……….
My sanity is not in doubt, Jerry. Of course I am crazy!
Al’s family?
You must be a Florida State fan!
Are you nuts, Bird?
I just watched it, Bird.
the Obama lovers ! http://www.youtube.com/watch?v=Ab2mKKBllbU !
and wake UP west COAST http://www.youtube.com/user/kevindblanch !!!!!!!!
Love to hear all you “experts” talk about how everything is fake and false.
When the economic data comes in crappy then it factual. If it is stronger then expected then it is a conspiracy.
You kind of have a point in some cases. If you are referring to John Williams, I think that for the most part he is pretty much right on.
Love that B.S. talking point “Half of Americans don’t pay taxes”.
22.1% of Americans are retired.
23.5% of Americans are under 18
45.6% are retired or under 18.
That means 4.4% of Americans that are of working age – don’t pay income taxes.
Another 2.1% of Americans are attending college.
Back college students out and that is 2.3% of Americans not retired, under 18 and attending college are not paying income taxes.
Suprised your “expert” economist did not mention that. Baaaaaaaaaaa.
Hood points hat, a large % of Americans do not make enough money to pay taxes either.
Most of those that don’t make enough are in the 3 categorys I mentioned.
Har- you’re getting a bit cute here.
Every family, tribe, clan, city, nation, etc. has producers and takers. And there is a natural human tendency toward inertia, when the opportunity to live at the expense of others is available. A sensible society (not ours) guards against this.
So you are saying we should increase taxes on those making less than $10K that are now in the 0% tax rate bracket. A sensible society knows if you levy high taxes (in relation to their income) you have higher crime rates for all.
P.S. I am not being cute. The data is from the 2012 Census. AKA – Facts.
Your math is not working for me.
What I mean Har is that something is missing in the equation. It does not add up.
You forgot the orginal 50% – I was breaking out the other 50%.
Gotta take a slight issue here, har.
Retired folks do pay taxes.
I think that if one looks at the talking point you are referring to he/she would realize that there is more truth to it than meets the eye.
Situation with Iran, Egypt, Syria, Iraq ,all moslem countrys –are troubled and getting worse. Pols try to avoid another mini war . but probably war with Syria [easy compared with war with Iran] will probably happen next year. No good options available . Probably a naval blockade of Iran to prevent oil exports , would bring them down in 6 months, but with huge price increase in oil . like i say no good options. The republicans offer Bigger and more wide spread wars , also not such a good option . I own a lot of usa and canada based oil producers for just that reason. best to all S
South arabia is coming ! yes scott !
I’m in Saudi Arabia right now. Most of the locals got a 33% pay raise this year and they are departing foreign national workers. The economy is booming. Nothing is going to happen here.
You mean deporting? Why are they deporting workers if the economy is booming?
They are pulling a Japan – they only higher Japanese. That means more jobs for the Saudis. Their youth unemployment was over 40%. Now it is under 15%.
Yes deporting. I am departing here tomorrow and was thinking about.
Stay safe, har!
Probably a good investment for you Scott!
Why is talking to Iran wrong? That’s what Ron Paul says we should do.
And just what kind of ally does things like this http://www.gtr5.com/
If you want to understand America’s relationship with Israel you should try reading this
Boy Listener,
I never thought that talking with Iran was wrong!
Why is talking to Iran wrong? That’s what Ron Paul says we should do.
And just what kind of ally does things like this http://www.gtr5.com/
If you want to understand America’s relationship with Israel you should try reading this
Obscene statistics Listener – thanks.
I just printed this out Listener,
Thank you
Israel has a lower unemployment rate than the US and a higher per capita income.
So why does the Amerikan gummit steal billions from you suckers and give it to foreign governments like Israel?
Where in the US Constitution does it say this kind of theft is allowed?
you underestimate u rulers ! The USA don’t rule the USA ! You no go dear you never understand !
Same old *** about Israel.
The US is way richer and more powerful than it would be without the petrodollar, which depends on leverage in the Middle East. = Israel the way things have worked since 1973. (I agree the US leverage over Israel should’ve been used to push progress in the peace process though.)
Where in the constitution etc does it say the US can fund the Egyptian military which *just deposed the government*? (~$4m/day by my calculations.) I believe there are laws directly to the contrary. Again the answer’s oil: via the Suez canal…
Quite so xlurkr. The Egypt scandal plus the Benghazi one are two scandals waiting to blow up in Obama’s face.
Hope so…………..
What do you want to bet, these never resurface, Reverend?
Something people conveniently forget: a lot (most?) of US aid to Israel goes straight back to the US in the form of weapons purchases. ie it’s as much a subsidy of the US military industrial complex & pork for US politicians as anything else.
Thanks for this information xlurkr
And yet another good point from you, Listener.
Jeff,
Inside every progressive is a totalitarian squirming to get out.
Absolutely. The desire to control others knows no bounds.
Deflation is one of the most difficult monetary concepts to understand because thanks to Keynes he defined it as merely a one-dimensional collapse in demand that could be overcome by increasing the supply of money.
How did Rome defeat deflation in 33AD?
http://armstrongeconomics.com/2013/11/09/deflation-the-great-equalizer-now-greece-was-there-a-different-tested-response-in-history-yes/
I find it extremely inviting when SLW trades under the spot price of silver with a 1.8% yield. Like it did Friday.
It is a metric I found compelling pre Hudbay #1 – Vale #1 and Hudbay #2.
When buying a few shares yesterday I felt like I was buying Ag at $3.50.
But I could wind up married to a horny hooker short on cash and spot silver trading $3.5O/ounce.
Gold the Real Breakout – Armstrong
QUESTION: Martin
Did you imply that a gold bull market really only begins when gold exceeds its 1980 high adjusted for inflation? That would imply that eventually gold outperforms inflation which I do not think it does. Adjusting for currencies and inflation gold would need to about double from here to reach that level. If it ever reached that level wouldn’t that be a sell zone rather than expecting a breakout?
ANSWER: Gold indeed is not linear so it will not track inflation because it is a commodity. This results in bursts of price movement that amounts to catch-ups that get everyone excited assuming it will last forever and it never does as is the case with any commodity. We ran these charts to demonstrate that gold was in a bear market and that it was really declining in a basket of currencies in the 1980s and early 1990s.
What we do see is that gold will eventually exceed the 1980 high in real terms but probably on the third try and not the second. This is just a trading pattern as was the case with the Dow Jones trying to get through the 1,000 level where it was the 4th time that became the charm (1966, 1968, 1973, 1983) . So yes, gold will be a selling opportunity on the next rally that will exceed the 2011 high nominally and test the 1980 high in real terms. Then there will be another correction, and most likely the third rally will be the breakout.
Gold is important to watch because it will signal the real break in public confidence since the Goldbugs will be discredited and the majority will see them as always wrong and will fight the gold rally. That is the REAL fuel necessary to see it rise dramatically. It has absolutely nothing to do with fiat, hyperinflation, Fed balance sheet, or missing gold from Fort Knox.
http://armstrongeconomics.com/2013/11/06/gold-the-real-breakout/
Great great song franky!
at first ,,,I thought that was Irish ,,on a bad hair day………
Great show…..with some great guest………top notch……..FLECK AND WILLIAMS……..
NOTE TO JEFF…..the web site for Obama Healthcare ,,,,will not be fixed,,,according to McAfee*,,,(the designer of McAfee software) it is ten year old technology ,,,
I AGREE with Jeff…………….WE need more political parties than two rotten parties,,which are actually one (the two headed snake party).
The Tea party should separate itself from the Republican party.
The Tea party does demand a change…..which is not offered by the Repubs.
On the peripheral we have The Rhino party, The green party, and The Libertarian party but no one ever sees them until election time when their name shows up on the ballot. DT
My thinking is that nowhere near enough people would vote for Ron Paul,
therefore I dont think another political party is the answer.
Somthing else is needed.
we only have one party……THE TWO HEAD SNAKE…DEMOCRATIC REPUBLICAN….that is history ……1837 A. Jackson……….
Suggestions, B?
that is when we should see the Demo and the Repub…..at election time…..instead of all year long…..all they ever do, is run for office 365/24/7….and raise money to stuff their pockets………ootb
as long as both parties go along with having a central bank,,,the Fed….it is the same party…and ideas………nothing will change………
DT….AOL news……BLACK RHINO EXTINCT……….in Africa………, that might be a clue as to why that party is not doing to well…………….
What was the name of the researcher on the black economy?
Has this book been discussed here?
http://www.amazon.com/Crucified-Again-Exposing-Islams-Christians/dp/1621570258
Thanks xlurkr – have just bought a copy, A
No it has not.
Tell me about it, xlurkr.
Sandstorm Gold CEO Market Comments
Sandstorm Gold CEO Nolan Watson says that generalist and value funds are preparing to jump into precious metals. Good synopsis of his comments at BullMarketThinking.com.
a good news sandstorm a good BUY ? B ?
Thanks b. CEO Nolan Watson strikes me as being a cool dude.
Mr Frankenstien admits that the Federal reserve manipulates the bond markets and hence manipulates the stock markets but refuses to beleive that metals are manipulated. Just another reason not to listen to the news. Birdman, you are cool, I would like to get to know you. lets not talk about the markets because you are dillusional. Keep the garden growing.
the IRAQ war will cost 3 trillion and more the USA numbers don’t add up the dollar is a joke !
manipulation is the name of the game ! ALL MARKETS !
I guess if a pesron figured gold will increase Sandstrom would be ok.
I have no idea what performance to expect compared to other gold/silver stocks tho, so I really couldnt tell you if sandstrom would be a superior choice or not.
The point of posting was really just that Nolan Watson believes some funds are about to enter the “metals madness”.
Does anyone believe that the economic statistics coming out of Washington are real?
Bonds and interest rates are clearly manipulated. No one would question that.
Stocks are manipulated by the mere fact that the Fed is dumping 85 billion into the markets every month. That has to land somewhere. So I think we can all agree that the stock market is being manipulated at least in so far as QE has to land on something.
We have multiple counts of diverse markets being manipulated to the advantage of big banks. Heck like Cory has mentioned billions have been paid in fines when they’ve been caught. How many more times has it happened but they weren’t caught?
Does it really seem that far fetched that the Fed would step in from time to time to protect the stock market from gaining any downside momentum? Big corrections like 2011 are hard to turn back around. Better to try and prevent them from happening.
Coincidentally right before the end of QE2 the Fed dumped 100 billion during the last week of July to manufacture a violent rally in the attempt to create a momentum move and prevent another flash crash like in 2010. It didn’t work as you can see.
It took a major amount of money printing to turn that back up. Realistically the secular bear market had resumed in the summer of 2011 and central banks had to take massive efforts to abort it.
They aren’t going to be able to stop the next one, so it doesn’t seem like a stretch to imagine that they will continue to try and abort corrective moves rather than let them gain momentum.
We’ll see what progresses over the next 3 weeks. If stocks fail to correct and the intermediate cycle decline is aborted I am going to be completely convinced that there is a Bernanke/Yellen put under the market. At that point it’s anyone’s guess when we will get a correction.
Gary, it’s all manipulation look at the size of the hedge funds, according to the Bank For International Settlements they are playing with 638 trillion dollars, it wouldn’t take much commitment for them to enter the markets each and every day with 5 trillion dollars, and then you got The Fed which really pales in comparison. Bird better buy some gold or he will take a birdbath when this thing blows! DT
Is that my Sunday night bait, Gary? Maybe a warmup for Monday mornngs show? You have got to be kidding. I can’t believe what you just wrote. Days ago you claimed on air that you did not believe the Fed was directly manipulating markets and now here you are insisting that is what they are doing.
“Bonds and interest rates are clearly manipulated. No one would question that”.
Um, yeah….I question that. It is not a manipulation if it is a program with a stated goal and everyone knows what the agenda is.The intention is rate flattening which serves a number of purposes. First it creates a general wealth effect in assets as money is driven back into investments, Second, savings are repressed which is an antidote to obvious deflationary trends. Third, rates are pushed down which lowers the burden on the Treasury and ultimately the taxpayer who must eventually pick up debt servicing costs. Fourth, market liquidity for MBS is enhanced in effect being ultimately stimulative for housing which is seen as core to economic expansion. Obviously that is just part of the program effects and its goals but surely you can appreciate how this works mechanically to create the conditions for a better economic outcome. That is not a defence obviously. Just stating the facts. But are you just playing games with words here or are you actually serious?
“Stocks are manipulated by the mere fact that the Fed is dumping 85 billion into the markets every month” ~~ Gary.
Are you kidding me? That is one of the most ignorant things I have read here in quite awhile and it is patent nonsense. The Fed is not “dumping” 85 billion dollars into the markets every month. It is specifically being used to buy up Treasuries and Mortgage Securities. Do you imagine it is getting spent twice somehow? Time for you to do a little review of the program I think. It is well known what the purchases are and how the money is being spent. As well there are good numbers on the amount of added liquidity that ends up back at the Fed bearing interest being paid out to the banks who store it there.
The rest of your post is fluff so I won’t bother addressing it except to say that there is no Bernenke put under the market and you should maybe be nervous about that. It is investor psychology and sentiments pushing up markets and driving down gold. Precious metals have been a poor investment. Of course they will be in decline. Corporate profits on the other hand have been reasonable and expectations are bullish for capital appreciation even where profits are modest.
Gary, if that should turn out to be the case, what for gold?
Norcini at kwn is actually suggesting to start trading gold instead of mearly accumilating.
Thanks Al and Cory as always: Have listened to Segs 1-4 so far. This waiting game is enough to test anyone’s patience. But you and your contributors remind me of those shrewd Forty-Niners who have brought in your essential mining equipment namely in picks and shovels.
At present the great herd remain dazzled by this phoney rip-roaring stock market, which as was stated may carry on for longer, given that all the currencies are busy shooting up with QE, and where garbage unemployment figures only add to the wild euphoria in the stock market.
But when the herd turns, you my friends will be vindicated. Perhaps Jim Sinclair’s overdoing it by talking $50k an ounce gold. But be in no doubt your day WILL come, and us punters will be in your debt.