A chat focusing on Yellen’s time in front of Congress this week
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HOUSTON/DALLAS…………is a rerun of the 1970’s……….oil always is a one trick pony for the Texans…. LONE STAR STATE…, should be called LOAN STAR…tO THE MOON.
Al:
You asked for comments about Giuliani. My short opinion is he is a buffoon of the highest order. Like VP Cheney, he gets lots more air/printed space time than he deserves. As a Vietnam Vet, I just loved the 3/4 deferments each of them received. True chickenhawks that I wouldn’t waste my spit on! As always, JMO.
Well said, Silverdollar
Did the GOP Just Give Away $130 Billion of Public Property?
By Alan Grayson, The Nation
I’m talking about the huge giveaway to the mining companies Rio Tinto and BHP Billiton in the Defense Authorization Act. It was splayed across ten pages of the bill, pages 441 to 450 (out of 697).
http://www.truth-out.org/news/item/29182-did-the-gop-just-give-away-130-billion-of-public-property
The BUSH s were given a mining company when he left office……..maybe, this one is going to OBAMA…………..
Among the things the partisan Grayson didn’t discuss was what the companies will have to spend 1. In assessment, exploration and development work and 2. pay in royalties and taxes.
This kind of nonsense from this hack reminds me of the many times I have heard about how one can “buy” (i.e. – patent) federal land for peanuts under the old 1872 Mining Act. Before that is done (almost never these days, and not for many years) a lot is spent on exploration, lawyers, fighting off environmentalists, more lawyers, etc.
While Grayson may have legit points that political whores like McCain and Flake all have a price – and that the federal government treats big business far better than it does Joe Sixpack — this particular example is 1. a very poor one and 2. one that the writer, Grayson, has been extremely disingenuous and selective in reporting.
Chris…good point on costs not being mentioned. Finger pointing will be at an all time high by 2016.
Jim Grant at John Doody’s the GSA Conference:
Good interview:
http://www.kitco.com/news/video/show/GSA-Investor-Day-2015/908/2015-02-23/Its-Clear-Why-Gold-Should-Be-Better—Jim-Grant
Grant: “The doctrines of Central banks are fully committed to radical intervention.”
Grant: Gold has been “terrifically discouraging”
He says what where he gets his gold.
It’s in Florida so Daniela is dressed for Summer.
Thanks Chris. Always appreciate your views even if I don’t often respond to them. Just don’t get me wound up about Iran anymore or I might threaten to burst another artery!
It’s perfect in wine country too, but then it always is……