Political events both domestic and international
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- Segment 1: Axel Merk of Merk Funds discusses interest rates, investing and common sense.
- Segment 2: SantaCruz Silver, one of our favorite Mexican silver companies, is discussed by Company President, Arturo Préstamo .
- Segment 3 :Valentin Schmid of the Epoch Times discusses the Ukrainian situation.
- Segment 4 : Marin Katua of Casey Research discusses energy and Ukraine.
Hour 2:
- Segment 5-8 : During the second hour we discuss, almost exclusively, political issues with our round table of experts consisting of Glen Downs, Chief of Staff to Congressman Walter Jones and Bob Moriarty of 321 Gold.
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It matter’s little what the Fed desires to do or not to do. The central bank of the United States (FED) in concert with the full complicity of a corrupt and derelict legislative branch instigating and fomenting 100 years of currency debasement has at this stage already effectively lost control of any real monetary cohesion. The endgame is fast approaching.
This FED’s monetary system was conceived to have an expiration date, they just conveniently forgot to tell the public throughout the many decades. The criminals in charge just accelerated the demise of the system by about two decades.
Default and loss of control is a certainty, the timing is the issue at this stage of the game.
Whether its an elevated level of currency inflation or a form of hyperinflation through currency debasement and loss of confidence in gov by the people that’s in America’s future, it makes little difference because both of these monetary phenomenons over time result in the same outcome.
Its all tied together in a serial feedback loop of destruction that leads to a devastating deflationary collapse and a national currency and government reconstruction event that not even one man in a million can conceive of and the peripheral destruction to be unreached as events unfold.
V
Welcome back ..Vortex.
Thank you Tony.
Its always great to talk to you and thanks for being apart of Al and Cory’s great community.
Respectfully
V
Yes, V, welcome back. You are a valuable part of our family.
GOOOO AZZZZZZTECS!…sweet 16..baby!
Tonight at 6:40 should be a good game!
And yes, go Aztecs!
Probably.
Re: Segment 3.
You guys really need to listen to Glenn Beck’s reporting on books written by Russian defectors.
See:
http://www.glennbeck.com/podcast/
on 3/20/14 broadcast starting about the 7th vertical bar in.
Currently at our daughter and son-in-laws house in Seattle. Will watch/listen when we get home.
The dollar is in the toaster CFS.
Fitch raises the outlook for the US economy to stable from negative Fitch affirms US rating at ‘AAA’ and ups outlook21 Mar Fitch Ratings today affirmed its US credit ratings at the top-notch “AAA” level but raised the outlook for the world’s top economy to stable from negative……..Me thinks someone has taking a bung….What do the rest of you think.
I guess Fitch wanted to stay in business for another year, or so……..
What rating does one get just before Bankruptcy, and own 1000 times more than they have. or can repay……………….Kind of like Junk Bond status……
BUT if you have a gun pointed at the officer’s head….I think you get rated AAA,
Yep, I’ll bet that you do!
Taken a “bung”?
Al……Backhander…..brown envelope (stuffed with cash)….bribe……..or WE ARE FROM THE NSA…….Up our ratings , or we spread the dirt………You get it now AL.
This isn’t investment advice either Cory…!!! I too like Santacruz. Thanks for a very useful update.
We do like the Company, Rev. (And yes, not investment advice)
Merkel is a pragmatist, so she will not perturb Russia.
France is too invested in Russian Bonds to upset Russia:
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/03-overflow/20140319_MAD4.png
Thus the EU will do nothing.
Obama is not only a joke in Europe, but he is antagonizing all of US’s allies.
Sure does look that way Professor.
By the way you never answered my question about Texas.
I guess I didn’t see it.
I always try to answer questions.
can someone repeat the question?
I understand you will be speaking in Texas. True?
No. Not true.
I fly to Europe on Wednesday. Going to do some rabble-rousing over there! Just joking.
It’s not often I disagree with Bob M!
It’s not the Fed that spent the US into oblivion, it is Congress. The Fed merely enabled the spending.
The biggest accomplishment in the US in the last 5 years is the essentially complete destruction of the US Constitution’s restrictions. Alas.
CFS; I agree with that statement. However, what ultimately allowed congress to spend was the formation of a central bank and then policy decisions (FDR and Nixon) to destroy “sound money”. The original huge mistake was the creation of the Federal Reserve/central bank as Jackson so adroitly warned us about years ago.
I too agree with your statement Professor.
By the way, the Quality of US healthcare, according to a recent survey, now ranks 37th in the world. (I somehow do not believe it will improve under Obamacare!
According to my physician you are correct.
Segment 5:
Cory, the approval rating for Obama was going down, but appears to have stopped dropping.
CFS….is that because there is nothing below zero.?
I’m guessing it may be because he did not actually go to war with Russia, combined with his giveaways, and appearances on dumb shows like Ellen Degeneres, etc.
Plus, of course, all his repeated lies about how good Obamacare will be. He has repeatedly, illegally, been delaying all the bad effects by his power of the pen.
I agree with Bob M. that democracy has broken down. I place the problem, however, with the fact that the democrats have captured the mainline media in the US.
Without critical review and information given by the media, democracy fails.
Don’t you think, Professor, that the internet is changing that, slowly but surely?
I hope so, but so many do not use the internet.
e.g. retirees in Florida.
Also Obama’s advisers are extremely savvy at using TV shows to boost his ratings.
Then the Chicago machine is incredibly adept at getting dead voters to vote.
I believe 5-10 million illegal immigrants voting will distort the system.
Well the Retirees in Florida all have TV’s and watch FOX News all Day. Therefore they get the truth and nothing but the truth! Hello?
The average retiree in Florida , is not any different than the masses or sheeple spread through out the world…………..The only difference is they are more relaxed, and to busy working on their health and suntan, where the rest of the population is worried on how to pay for their upcoming heat bill………which will be one heck of a set back, this year.
Many of the folks I know who fall into that category are glued to channels on the other side of the philosophical spectrum.
Good show, Big Al. I agreed with your Peroration. Obama was watching a movie while Russia moved into Crimea, he he usually only begins working about 10 a.m. according to the Whitehouse.gov info. Why do you think I started using the phrase “Devil Incarnate” 4 years ago? Because it was obvious even then, what he was doing, either deliberately or by inaction, to destroy the US as we knew it.
Never said that I disagreed.
Big question remaining is :
Have they decided to physically take out America when it comes time?
Matt….I don’t think so…..JMO
At risk of the US taking them out too? Not a chance. It would be suicide.
I have to, at this point, agree with Mr. Irish. That would be a zero sum game.
For me economics is simple it’s all about how financially sound you are as an individual, if the government is in debt that makes the situation harder for the individual, debt is slavery and if you can’t pay your bills you become imprisoned by restrictions and once you are in this situation you will never get out, and now they aren’t allowing people to declare bankruptcy and be absolved of all their debt issues.
Collection agencies now chase people while they are at work. If you are lucky enough to have a decent paying job you could lose it and when you apply for a new job they will do a credit check on you and there goes your job prospect.
You can’t live from paycheck to paycheck gone are the days when we could sing ” Take This Job And Shove It”. DT
DT,
You are absolutely right.
My brother works for a multinational company that automatically turfs employees if their pay gets garnished. Collection agencies beware.
History teaches one thing and that is that people don’t want to learn from history and in many cases flatly refuse to even hear about it. Bob Moriarty is correct about the problems with the political process. The political parties are different in name only but are controlled by people of much the same ideas and policies.
At this time there is no salvation through the ballot box. It literally is not allowed.
I would put it a bit differently Steven. I would say that today the ballot box is stuffed by the 65% or so that want and need something for nothing.
Al I get alot of resistance to discussing serious subjects like history or the excessive cost of real estate. Too many seem to prefer discussing things that are superficial and don’t matter. May be that is the secret to the success of the system.
I think it is part of the same problem as people having a 2 minute attention span and demand to be entertained otherwise they won’t listen. I find dealing with such people some what frustrating.
Have you ever heard of the True Colors personality quiz? http://www.truecolorscareer.com/quiz.asp
The theory is that everyone has 4 attributes to their personalities that vary with each person. Each attribute is measured on a 1 to 18 scale. Some are thinkers some are planners some are doers and others are helpers or good with people.
I took the test twice. Thinking and planning appear to be my strength while dealing with people is not something I do well. I take it dealing with people in a positive manor is critical for sales and customer service work. I am a 3 or 4 out of 18 as a people person.
Morning Steven,
I am fortunate in that most of the people I know do not fall into that category. That is probably the case because the area we live in is not particularly diverse. Some people don’t like that and some do. I try really hard to expose myself to both sides of the aisles philosophies and I think everyone should try and do that. I have noticed that “phanatics” on each side are unable or unwilling to do that and I find that to be sad.
TUT-TUT..AL…You really should not go around EXPOSING yourself………..haha
RT reported yesterday that Putin will not retaliate the western move of sanctions.
He intends to strengthen/increase trade with BRIC countries, Point Putin.
He is outplaying the west.
Mr Scmid points out a lot of shortcomings of Russia, sure, human rights abuse? Would that be like the ndaa? or Guantonamo? or spying on everybody? Or overthrowing democratically elected governments or invading innocent nations? (if anyone in life is innocent) The list is very long.
He may prefer the states, but the Crimeans don’t, not everyone enveys everything about the west.
I prefer the nation I know, but I don’t kid myself, people and organizations that have their fingers on buttons that can end the human race in an hour are psychopaths,
doesn’t matter the flag.
Putin never was going to lose the Crimea, if the west doesn’t accept that we are going to lose business.
I hear that Guantanamo will be closing. However the US will be shipping the prisoners down to Uruguay for holding there.
Uraguay? The county that just legalized pot?
So funny. Uraguay has been one of the most outspoken in opposition to the U.S..
I wonder if anyone got corrupted?
Now that is going to put a dent in the US POT Import drug running cash for political kick back and arms trading deals……………..
Really no more long term need to import.
Great comment, b!
Microsoft put in back doors for US Government, why?
Surely not for the money, but….
http://dailycaller.com/2014/03/20/this-is-how-much-microsoft-charges-the-fbi-for-your-info/
Altho, the Ameicans might just want another cold war, might help boost employment in the military industial complex, imagine how much the banks could lend them.
Excellent for the economy. lol
Maybe
I hear that Mexico is now asking for its gold back from the US.
Got a source?
Not written. I heard it on one of the internet podcasts. I will use google.
So far,it seems to me that Mexico’s gold is/was stored in London not the US.
Mexico asked for a visual inspection of its gold just before QEII paid her visit to the vaults.
Historically it seems a gentleman’s agreement has been enough to guarantee the existence of your gold in another central bank.
Mexico has, according to official figures, 125 tonnes of gold bullion, 95% of which is held abroad and 99% of this is held on Threadneedle Street. The gold represents a mere 4% of Mexico’s reserves, and works out at just over 1.12g per capita.
M
From a year ago………………..:
On March 24, 2013 at 1:08 pm,
Dennis M. O’Neil says:
Lies versus half-truths.
Our monetary mayhem fiscal fiasco has nothing to do with half-truths but everything to do with outright lies.
When a private bank is called Federal this is done with malice and aforethought to deceive. It is an outright lie.
When a bank tells you your money is a deposit and at best only 10% of it is in fact on deposit this is a lie.
Because banking corrupt regulations gives license to a bank to “leverage up” does not mean that abiding by this simple violation of a bailment exists without consequence.
To hear people say to the effect….”in modern banking no bank could survive a sudden demand for withdraws from a significant portion of the bank’s deposits“………what is this truly saying?
It says modern day banking is a lie. It is a lie we are supposed to live with. Fractional reserve banking is fraud based on the mere confidence of the brainwashed deposits of the enslaved depositors.
The mere realization that banking is a lie is sufficient to destroy the system.
Therefore banks have to lie to exist. Banks are allowed to lie to perpetuate the fraud.
A prudent man knowing all objective truth about banking would not participate.
Banking is a lie. A corrupt political system that delegates monetary policy to the banking system enables the lie.
When we see a ‘bank run’ what we are really seeing is truth being revealed.
http://www.youtube.com/watch?v=zMzR5s3H_00&feature=player_embedded
“Lie li lie
Lie li li li lie li lie
Lie li lie
Lie li li li lie li lie
Lie li lie”
Reply to this comment
A man hears what he wants to hear and disregards the rest…….:
http://www.youtube.com/watch?v=qy1hXDOenOY
Talking about voter turnout. How do we know the turnout?\
When votes are not counted how do we know how many people are turning out to vote?
I feel Doug Casey and Celente are correct, voting only shows we are stupid enough to approve of the psychopaths.
Dennis, we have been told of this many times, Jesus told us too, Mohamed wanted gold/silver as money, just to name a couple popular guys, nobody cares.
Or at least the majority doesn’t, never did, constitution or not.
“It’s not the people who vote that count. It’s the people who count the votes.” Joseph Stalin
Just had a similar conversation with my son-in-law not more than an hour ago!
May I correct one point about “deposit”, which has come to light since Cyprus.
A deposit at a bank is not a deposit at all, but a loan to the bank.
And if the bank has financial problems, there is a high probability that you will be placed not at the top of its creditors.
It’s called the fractional reserve system!
Political solution …………………A THIRD PARTY….or ANOTHER PARTY……..
otherwise, we(usa) will be talking about this for another 100 years….
WE have NO LEADERS……PERIOD…………..
A Third Party that is viable is currently virtually impossible in my opinion.
that is exactly why we are DOOMED…….there will be no change, because the people in charge do not have to change………………
Absolutely correct!
Bob is 100% correct. I pretty much agree with everything he has ever said. He gets right to the problems of this world economy and puts things in a way anyone can uderstand.
I have to admit, Bob Moriarity is my favorite person but I wonder if he is any relation to Professor Moriarty?
And what is his date of birth?
I heard Obammie was on Ellen Degenerate the other day. Never watched the show but I heard that Ellen was gushing over Obammie care and Obammie was spotting lies like how much it costs.
And the audience just ate it up. It just scares the shiite out of me how clueless the Ameikan sheeple are.
And that Uncle Billy is the side of the spectrum that I am not on!
Bob mentioned “end of empire” that’s it exactly.
Bob did say we don’t have a choice in elections, I see it a little bit different, we have a choice to vote or not
When we vote we show we approve of Guantanamo,invasions, the ndaa etc.
Lets face it, there has been little if any positive change since 1913. (in government)
Eisenhower warned, Kennedy tried and died, all the rest knew they were only allowed to follow direction after that.
Really too bad people didn’t heed the “moneychanger” warnings. Oh well.
B
You forgot about Wilson’s apology.
Wilson apologized for “unwittingly” ruining the country.
“A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men … [W]e have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world—no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men.” WW 1913 The New Freedom
Thank you Dennis M, I have not heard that before.
Yes Dennis, Wilson was “duped” allowed the vote when? O that’s right when no one was around.
His apology is like dropping the bomb on Hiroshima then saying sorry.
That apology ment nothing, ordering the army to arrest them all might have ment something.
b……..the Electorial College, ran by the insiders elites ,,,tell you who you are going to get…………..Popular Vote, rigged ballot boxes, identity card fraud, missing chads, you name it, and you do not vote for any body the scam artist do not want……..
or as Glen says …”political key players”
The VOTING SCAM….IS AS BAD AS THE FED RESERVE SCAM…………
And to top it off, a voter does not have to be a documented citizen.
I bumped into my state representative this afternoon, by chance. We started talking about voting fraud. I had missed the fact that recently Arizona and Kansas got a federal court Judge to rule that the US Attorney General assist and not obstruct those states in upholding voter ID laws.
Alabama is now moving to have voter ID laws:
http://www.nytimes.com/2014/03/22/us/after-ruling-alabama-joins-2-states-in-moving-to-alter-voting-rules.html?_r=0
It is too late in the year for Indiana to introduce a similar law, but my representative states he is putting pressure on the state A.G. to introduce voter ID requirement by regulation.
He had a twinkle in his eye as he said if Obama can use his pen to legislate, it would only
be appropriate to use the same tactic against him, to enforce a legitimate law.
Great final sentence, b!
Don’t have alot of optimism for the future of the United States? That is the understatement of the century.
With a $17 trillion debt and adding to it at $600 billion or more per year that the gummit reports (but the real figure is more like a trillion) and this is just debt from the federales and is miniscule compared to the unfunded liabilities.
Add those in, add state and local gummit debt (included unfunded liabilities), add in private and corporate debt and the situation is pretty much hopeless.
And anyway the economy can never recover when the cost of money is controlled by bankster bureacrats appointed by corrupt politicians. When the real interest rate is negative savers are getting robbed blind and you can’t build a productive economy with a healthy capital base when that is happening.
Crushing debt, a political system that is corrupt to the core, a corrupt banking system, a clueless citizenry…face it the situation is entirely hopeless. I hope the Demoncrats get beat badly but the Republicans taking back control of the Senate ain’t going to change any of this. Both parties are corrupt to the core.
Uncle Billy,
Are you a teacher?
OK BOYS YOU NEED SAME HELP I THINK ! Diss is the BOSS and HIM tell US 4 years AGO ! https://www.youtube.com/watch?v=MBxH3sfpmEA
AND DISS IS YOUR BOYS BOSS https://www.youtube.com/watch?v=FidHO_RvN-w
BUY BUY GOLD !
A MAST SEE !!!!!!!! AND LISSEN VERY CLOSELY MIN 20 TO 23 long interview ! THE NEW WORLD ORDER IS COMING ! https://www.youtube.com/watch?v=hlKxWckGTgo
Hi : If RUS takes any part of east Ukraine , its going to start a low level economic warfare with usa and RUS. this in turn will mess up the stock and bond markets world wide. I see plat and paladium markets gradually riseing . corruption in RUS is even worse than in Ukraine . no sane businessman will invest in RUS in todays situation. best to all ,pray for peace. S
You really think so, Scotty?
AMERICA must know ! The RUSSIANS how have same MONEY LOVE EUROPE ! Throw all HISTORY ! DAY DON’T LIKE TALK DISS OPENLY !
Just for the Goldbugs out there:
http://usawatchdog.com/putin-has-nuclear-economic-bomb-jim-sinclair/
The political discussion was great. Nothing I can disagree with.
Glad you enjoyed it Bob. Bob and Glen are always fun to discuss issues with!
Koos Jahnsen about China’s gold policy.
http://www.youtube.com/watch?feature=player_embedded&v=pVnqqqK3QZ0
http://www.youtube.com/watch?v=jriU_cPU9Vk aaaaa 1 more !
NOW EUROPE NEWS ! http://www.youtube.com/watch?v=MhovGhSD9Tw
STOP THE GREEN GRAP GRAP GRAP
NO WW 3 NO AND THE WORLD SLEEP NICE THE NEW DOWN COMING ! http://www.youtube.com/watch?v=bI1_quVr_3w
On the Ukraine/Crimea clusterf*ck
What I see is a difference in the “personalities” of the interests involved. You had Russia, you had the EU and you had the US.
Russia/Putin exhibits traits of Hans (Die Hard), the US/all the idiots in charge exhibit traits of Ellis (Die Hard) and the EU exhibit traits of Schultz from Hogan’s Heroes.
The one scene from that Die Hard movie that comes to mind is Ellis thinking he going to negotiate with Hans on something Hans finds important (been some time since I watched the movie). Bruce Willis warns him (Ellis) but the stupid sonofabitch doesn’t realize that he is clueless about what the stakes are.
Putin is going to do what he has to do. To see the outcome if you don’t know what I’m alluding to just search “Die Hard – Hans Shoots Ellis”
Yesterday, I remarked to my wife about how many cars with various US state license plates there are in Toronto, considering our terrible weather many are probably looking to relocate. I have not seen anything like this before.DT
A lot of Americans really like your country and many do but simply cannot afford it!
BUY BUY GOLD THE ONLY SAVE IS GOLD AND SILVER !
In 1913 an average yearly income was about $3000. Now it’s $50,000. So while it’s true the purchasing power of the dollar has dropped incomes have risen so it isn’t like consumers can only buy 7% of what they could in 1913 for one dollar.
The purchasing power of the currency can decline as long as incomes rise so that equivalent purchasing power remains roughly the same. During times of high productivity that tends to be the case. During times of inflation incomes tend to lag and living standards get squeezed.
We experienced one of those squeezes in 2008. I think we will probably experience another one this year.
Gary,
I think what we’re looking at is another 2008 gut renching liquity crisis in the not too distant future.
There will also be additional converging black swans surrounded by a negative dollar event.
The asymmetrical nature of these rolling crisis events are going the leave the US population reeling from a never ending chaotic world of openly admitted insolvency of the nation as a whole.
I really don’t think we are going to see another 2008 as the debt has been moved to sovereign balance sheets. Governments can print money so there is no way for a nation to become insolvent if it pays it’s debt in it’s own currency. It can become insolvent to the degree that the only way to service the debt is through currency debasement. In that case as we have seen many many times in history the end result is varying degrees of inflation.
And if the debasement becomes severe enough to break the bond market then you get hyperinflation. It’s hard to say at this time if that is in our future somewhere down the road.
I have to agree, Gary, there will not be another 2008 anytime soon.
That is the argument alright, problem is it doesn’t apply to fixed income people, like retirees, people on disability etc. The most vulnerable.
How about people just starting out? Any chance of an average home of 300k on $10 an hour?
That is the argument, wages go up as the dollar goes down, but I think there are holes in that argument compared to gold and silver coin as currency.
Maybe there are holes everywhere tho.
In areas where the average price of a home is 300k the average wage is probably considerably higher than $10 an hour. In the U.S., the median value of a home is 181k while the per capita income is 28k and the median household income is 53k.
‘How about people just starting out? Any chance of an average home of 300k on $10 an hour?’
Average in Canada is about 300, condos are less,mobile homes too. (Calgary about 400)
Just entering the workforce is around $10
Average wage of around 50K would require at least a 4 year apprentiship.
Journyman plumbers for example earn around 70-75k in Calgary.
At least that’s what my son in law earns and he seems pretty average plumber to me.
If your attempting to argue the positives of inflation I disagree.
Just my thinking, I feel a low inflation is easier to deal with.
My main point is fixed income people find inflation (results of) very difficult.
inflation is an insidious tax, nothing more. imo
Yep it does hurt fixed income folks!
People on £50k in London don’t stand a prayer of buying a house. Our chancellor’s great rescue package known as ‘help to buy’ is just a scam, which will crucify anyone trying to buy a property in London when the property crash comes.
Theoretically if a family is knocking down $53k they should be able to afford a home priced at $181k.
Gary,
Good to see someone else understands this. When you make money from wages you either use it to buy goods and services at today’s prices or you invest it in something like stocks, bonds, ect… to get a return that hopefully at least keeps pace with inflation. One does not make money just to leave it sit somewhere and not do anything.
Many hyperinflationist and doom-and-gloomers try to scare people into buying precious metals by telling them one dollar is really only worth about 3 cents today. They do not tell the whole story. They want people to picture a dollar sitting on a table and slowly lose what it can buy over time because of inflation and then they compare it to gold, which like almost everything has gone up. They do not want people to realize that to compensate for inflation they get an increase in wages called a raise. Or that they can invest this dollar in stocks, bonds, ect… that might even have returns better than gold.
Another point J, people that invest in markets are an extreme minority.
I understand your view, I also understand gold/silver currency.
I feel the world is better off with low inflation, people that understand the difference between nominal and real returns are rare, the majority of people suffer inflation, not rejoiceing in it.
There is a response to requests for a raise. It goes like this,”You are fired!”
In Canada paying people enough to buy their first home and raise a family is something alot of private sector employers don’t want to do. Now that wouldn’t be a problem if a zero was knocked off the price of real estate. As it stands now $10 to $15 an hour probably allows the purchase of a home with a maximum price range of $60,000 to $90,000 and that is about all and of course cheaper than that is better. In Barrie Ontario the average price is a little above $300,000 dollars for a SFH which is about 5 times higher than it should be given the pay rates employers are willing to tolerate paying.
Actually the average annual income in 1913 was about $740.
Iran’s way of saying BOO to the U.S. CFS?
Andrew….I can think of a better way that Iran could say BOO……..But I dare not say it here…….for fear of going sky walking.
“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation,
the banks and corporations that will
grow up around them, will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”
Thomas Jefferson would have recognized the FIRE economy and the real estate inflation for what it is. A crime against humanity.
As a general rule I am not a people person but everyone needs a decent place to live at a decent price relative to their earnings. What has happened to real estate prices since the 1970s is in a word,”Evil.”
Not for all Steven, but certainly for many!
An average return on cash deposits may mask the effects of monetary inflation.
The average return gives the illusion of making up for the resulting price increase caused by monetary inflation. When the “return” is far outpaced by the prices increases it causes the controls to manipulate things like CPI to again mask the theft.
In a zero interest rate environment inflation must be reported as non existent or the lie is revealed. It is all about sleight of hand and manipulating currency to benefit the first user thereof.
OR………WHen the fox is in charge of the henhouse…….,,first the eggs are missing, then the chickens………….ootb
& then the house.
I thought there were three pieces to the story…….,could not figure out which one I left out…….the obvious one………..the house, of course……..
your right about that dennis
Al, when I come to this site I get “port scan” attacks, whatever that is.
started a couple days ago.
b…..I’ve never had that.
Your firewall blocks without you even knowing it. My question,,,,why is Al’s site scanning its users? The scan originates from the host site.
Well, it seems to get “blocked” then my security tells me it was. Doesn’t seem to have any effect tho.
Maybe its the NSA, the Gemans went back 10 years to find disenters. if that were the case I am toast. I like Ron Paul and said so many times, I do believe he is on some kind of terror list. People have been stopped and questioned because they had Ron Paul bumper stickers. I would think they watch all sites like this one.
Maybe its just my tinfoil hat.
Didn’t know that was happening. Another question for Sarah.
First time Ive ever seen it.
I wil report that to Sarah.
Leave the United States? I’m not against that but where does one go?
We are still a world leading country!!! Debt, NSA spying, hypocrisy…………
As usual, Bob M. is spot on. Even though the voters elected a Democratic Party candidate the last two presidential elections, it makes no difference. The neo-cons are still in charge of financial and foreign policies.
I like the fact that Rand Paul went into bowels of liberalism (U-Cal-Berkeley) and challenged the students. I understand he got a standing ovation. Someone over at ZeroHedge blog asked an interesting question? Was that standing ovation a general student audience or the Young Libertarians Club of Berkeley?
My point being: we need some broad-based common sense solutions that appeal to all Americans?
since 1982 There is 170,500 metric tons of gold in the Phillipines held for United States Uncut Dollars Account holders. at the stroke of a pen, all 17 Trillion of US Debt vanishes. there is no debt. It’s an illusion. Wolfgang Struck is the signatory to the gold, with power to offset all debt but refuses to release it until the cabal, crooks and mafia are removed from their positions which is systematically happening worldwide as we speak. The Fed is done. The Treasury will still exist but not until the transition of power is complete…which will put the Eastern countries in a position of Influence. sorry America, you lost all credibility, it’s not too late, but you’ll never be what you once were, you have had no constitution for 3 terms now.
I think the future action of the Fed is perfectly clear. When they want to be able to raise rates they won’t be able to without impacting the deficit adversely, so they will be late in doing so. This will cause inflation via a drop in the dollar.