Dow only up because of CPI increases and the gold drop today
Click download link to listen on this device: Download Show
after all is said and done…………..the money is going to the party…..not to resolve the problem………The solution is easy,,,,this has been going on far to long, and is only getting worse, under this administration……MORE VOTERS ON THE WAY….
See my comment to you under the segment with Glen.
I think it was Bertrand Russel wrote in the 50s that people should be working part time.
Working only part time gives a person the time to pursue his interests, they begin as hobbies, and eventually pay enough to replace the part time work.
Long story short, ultimately we end up with a society that is very productive profitable and happy .
On the other hand, with AI and robots, people should have to work less and less and the big decisions might end up being what to do with leisure time. hmmm, back to the hobbies.
Another note, world events such as the Ukraine havnt been affecting PM prices for awhile now. Gotta love controlled markets.
Yeh bb, gotta love controlled markets.
“Al and robots”? Please explain.
Artificial Intelligence?
I think he means Artificial Intelligence (“AI”), not AL Korelin (“Al””). The Upper-Case “I” and lower case “l” look identical in this font … well you get the picture.
RICK HIT the true problem……derivatives….,,,… $221 TRILLION WORTH.(give or take)
Remember the conversation I had with Bob Moriarty about four years ago?
The only one I can remember when silver went parabolic at $49., and we thought BOB was crazy………., but, you knew him, now I know him…….and Bob is crazy like a fox.
So, give me a HINT………I know some of us , were concerned with the derivatives……..but, most everyone at that time did not know what a derivative was or how it worked…
Yeh Jerry, we talked about derivatives long before then as I recall.
I think you are correct……I just have to remember where I was ,,,,,I think in Charleston,SC………SO, that would be 4-5-6 years ago….min…..
Lawrence Kotlikoff’s unfunded liabilities number is 200 trillion, notional derivatives- Ric’s Quadrillion
Also Al, think of all this liquidity since 2009 by the FED as an expansion of the eye of a hurricane like hit New Orleans but instead of a 50-100 mile wide well formed eye, all this liquidity while holding the hurricane at bay these last 4 years, now the parameters of the eye reach from Houston to Tampa
And it will certainly get larger!
Remember the conversation about derivatives I had with Bob Moriarty a number of years ago?
Re-post the conversation you had with Bob Moriarty for fun!
I will try to find it Rob. It was quite a while ago.
So Obama almost doubles the amount he was suggesting needed to removal of illegals to over $20,000 per illegal.
He wants the money so that he appears to be doing something.
You KNOW he will actually DO NOTHING, but allow the number of illegals to increase until a NEW IMMIGRATION LAW IS PASSED.
My advise to Congress: Bypass Obama and give money directly to border states.That will get the job done.
LOOK at OBAMA’S RECORD currently 0.1% of caught illegals actually deported.
Even Bush’s pathetic record was 2% deported.
Any money given to Obama, not based on per head actually deported WILL BE A TOTAL WASTE OF SPENDING.
The best immigration reform would be to Impeach the Big Zero and kick the traitor out of the country.