Rick Ackerman, Cory and Big Al tackle comments from Mark, Heathen and others.
Click download link to listen on this device: Download Show
We will tackle that, Agatha.
Cory-you and your crew are not individual investors….??? What are you saying…??
I know I have posted this link in the past, but I think it still needs to be mentioned as there is a lot of main stream anti-Greek propaganda out there. If you want to educated yourselves about the Greek situation; how they got there and where it is going listen to Doug Henwoods radio show….http://www.leftbusinessobserver.com/Radio.html…..scroll down to his January 29th 2015 program where he plays integral excerpts from some of his 16 interviews with Yanis Varoufakis before he became the Greek finance minister. He is clearly not interested in a “Grexit.”
RICK IS SPOT ON………..
I have to disagree with Al’s comments regarding Ayn Rand. Sometimes I just wish all the “Libertarians” could be rounded up and put in one big American state where they could actually test their absurd assertions regarding how to run an actual economy. It would be a feudal state within a decade….a genocide would soon follow. The reason why it is not done is that it is nonsensical and naive and not how the real world operates!
I strongly agree with Al on Ayn Rand. The libertarians would love nothing better than to have their own state which followed the Constitution. But if we tried to have our own state the genocide that would follow would instigated by Obongo and his federal troops after they invaded our libertarian state to restore the Union and steal our wealth.
My problem with Ayn Rand was not with her writings, but with her immoral personal behavior.
Yes, she was a hypocrite too, but that does not negate the value of all that she got right.
And, Matthew, how was she a hypocrite. Don’t think I am stoopid, I just don’t know very much about her personal actions.
Don’t know anything about that.
I’m sorry Confused, but, from start to finish, your opinion is the product of propaganda and mind-boggling ignorance.
The “left” is called the left because it is sinister.
https://en.wikipedia.org/wiki/Dexter_and_sinister
Matt,
Sorry to say but there has been NO “sinister Left” in our Neoliberal hegemony for more that 30 years now.
I suggest you read up on how your so called “movements” of libertarianism is actually a front for the rich which started in the 1940’s by rich business folks. For insight into how the wealthy have and are NOW manipulating people like you read: Mark Ames The True History of Libertarianism in America: A Phoney Ideology to Promote a Corporate Agenda or professor Isaac Martin’s Rich People’s Movements: Grassroots Campaigns to Untax the One Percent. I’m slogging through David Graeber’s Debt the First 5000 years right now. It really disproves a lot of common notions about debt and money. Gold by the way was used to buy standing armies and most people beginning with the Assyrians used credit not gold. One last thing, “Reason” magazine in 1976 wrote a sympathetic article on Holocaust deniers. You are a pawn to the Robert Pool and Koch brothers of the world.
Don’t be a pawn is their greedy and dangerous game.
You clearly do not understand economics or the difference between right and wrong if you believe that your collectivism is a force for anything BUT evil.
I’ve done my work and there is zero chance that you are not the pawn/dupe.
My “collectivism” as you call it is what makes a society a civilization. You pay tax therefore you participate in collectivism. If you think I am referring to communism you are sorely mistaken. I am just suggesting you look into the roots of your doctrine before lashing out at others. Just to refresh your memory we are “collectively” in this global debt crisis mess not because of some “sinister” socialism, we are in ruin thanks to the “socialization” of loses caused by ethically challenged banksters. Either way try to read something other than “Reason” magazine.
Communism, like socialism and fascism, is a form of collectivism. I suggest that you think twice before letting mainstream sources of programming soil “your” views any further. You obviously don’t realize that those “banksters” and wall streeters are socialists, not free market capitalists. They despise competition and a level playing field.
Before lashing out, you should learn why the following is obviously true:
“Tyranny is the political corollary of socialism…
A society that chooses between capitalism and socialism does not choose between two social systems; it chooses between social cooperation and the disintegration of society. Socialism: is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings.” —Ludwig von Mises
I have never once read Reason magazine but I can see why anything pertaining to reason is like kryptonite to any collectivist.
http://wp.freedomforceinternational.org/basics/collectivism/
P.s. – To hide your programming, you might consider highlighting someone other than the Koch brothers.
I am not necessarily a “full blooded libertarian”.
Secondly, I am reading Atlas Shrugged which is a very interesting book and I find it to be much more capitalist oriented than libertarian, oriented, as you imply.
I actually find Atlas Shrugged to be 100% in line with the capitalistic philosophy.
Al, when you finish Atlas Shrugged you would also enjoy Ayn Rand’s “We the Living” and “The Fountainhead,” as well as Hayek’s “Road to Serfdom” and von Mises’ “Human Action.” If Confused would read all this he might no longer be so confused.
I sure like Ricks comments.
He is right we need a cleansing, so who the heck is going to put Wal street,Congress and big corporations in jail?
Just a reminder, these are the guys that killed JFK, got us into Vietnam,ww 1 and 2, among so many other evil things.
very powerful guys, cant see anyone bringing them to justice.
But, Rick is right, imo.
MINNEAPOLIS (The Borowitz Report) – Scientists have discovered a powerful new strain of fact-resistant humans who are threatening the ability of Earth to sustain life, a sobering new study reports.
The research, conducted by the University of Minnesota, identifies a virulent strain of humans who are virtually immune to any form of verifiable knowledge, leaving scientists at a loss as to how to combat them.
“These humans appear to have all the faculties necessary to receive and process information,” Davis Logsdon, one of the scientists who contributed to the study, said. “And yet, somehow, they have developed defenses that, for all intents and purposes, have rendered those faculties totally inactive.”
More worryingly, Logsdon said, “As facts have multiplied, their defenses against those facts have only grown more powerful.”
While scientists have no clear understanding of the mechanisms that prevent the fact-resistant humans from absorbing data, they theorize that the strain may have developed the ability to intercept and discard information en route from the auditory nerve to the brain. “The normal functions of human consciousness have been completely nullified,” Logsdon said.
While reaffirming the gloomy assessments of the study, Logsdon held out hope that the threat of fact-resistant humans could be mitigated in the future. “Our research is very preliminary, but it’s possible that they will become more receptive to facts once they are in an environment without food, water, or oxygen,” he said.
“a powerful new strain of fact-resistant humans”? That is really great heathen!
Al, do you really know what’s going on in the U.S.? How can you be informed with no transparency and every word coming out of an officials mouth is a lie. What is the difference between the U.S. and China as far as governing is concerned. I would say no difference with the current administration.
ditto gator on the administration…………
the two headed snake ………and the two headed dragon…….
THIS CURRENT ADMINISTRATION has broking almost every constitutional law there is, with most AMERICANS looking the other way and allowing these crimes to happen unchallenged! As a result AMERICA as well as AMERICANS are criminals…………..and that is……………PURE EVIL !!!!!!!!!!!!
Mark………the” majority” are criminals…………and the majority have spoken…..
IT’S A PONZI PLANET…………….GAME OVER!
DITTO
HUNKER DOWN………and get a crash helmet
The fiscal irresponsibility displayed by the U.S. over the last five decades will DESTROY THE US Financially just as surely as the unmitigated immigration now allowed by president Obama will destroy the culture and character.
Starting from such a high level of economy and resources in the US, it is not perhaps so obvious a destruction, but mathematically, assuming the same continuation of debt build up, the drag on the economy from the debt will be sufficient to kill GDP growth.
I agree with you 100% CFS. You say what I’ve been thinking, and you say it so concisely. Thanks for all your comments.
Department officials declined to provide specific information to the Sun regarding details of the ammunition purchase request. “We want to limit the amount of information any bad guys might have about our protection capabilities,” said Rose Davis, a Bureau of Reclamation spokeswoman.
A review of federal procurement records by the Sun shows that the Bureau of Reclamation, best known for its management of Western waterways and dams, solicited bids in June for 41,600 rounds of hollow-point ammunition along with 10,400 Shotgun rounds.
(The Bureau of Reclamation is not supposed to be a law enforcement agency!)
From Arizona Sun
YES, pick your poison! LOL, so the AMERICAN markets are less EVIL………….SAD…….OH WELL…… the GOOD thing that comes out of all of this is that MORE and more people around the world are WAKING UP when they do this!
ditto on the wakeup call……….JOKE ON BOTH ENDS OF THE WORLD…….
GAME OVER.
WHEN GOVERNMENTS around the world have to LIE, BEND and RESTRUCTURE the RULES………………..THEN THE GAME IS TRULY OVER!
I THINK WE ARE THERE………………
JUST THINK……………WE Have another 1 1/2 of the BIG O…….
Has been for some time..the next generation will suffer and what is left of this generation will quickly disappear…
ditto gator
Its not game over until one world government is established.
Personally, I think they have populations misinformed enough to do it.
The market crashes, wars, are all just pieces required.
ALL THE PUPPETS ARE IN PLACE………
and the Marxist authoritarians are pulling the strings….
I don’t believe it makes any difference which form of government is dominant.
What did Rothchild say? He didn’t care as long as he controlled the money.
Its true, it doesn’t matter.
I just posted a good piece by Perkins (economic hit man) explaining how its done, Jay Taylor did an interview with Perloff explaining the same stuff. July 7, still there for anyone interested.
“truth is a lonely warrior”
So, the information is out there, Perkins and Perloff expose the root cause of just about everything we are experiencing.
But, its not really even discussed here, just kinda dancing around the edges.
People are confused, the banks like it that way
AND NOW they just passed the RAINBOW LAW in this country………………SO THE EVIL HAS WON!
I would like to know who is going to go to war with a rainbow light……
GOD OUT……….COUNTRY OUT…………FAMILY OUT…………
We just raised the Confederate flag at the marina…it was a disaster ..black and white people sitting below the flag on picnic tables throwing down a brew and wondering what will be biting at dusk besides the mosquitos….
That flag thing is kinda funny too. PCR explains it well, I guess the stars and strips flew over slavery longer than that battle flag did.
I guess the south flag was so similar to the north flag they couldn’t tell the difference on a battle field, so that’s why they came up with it.
More propaganda, “civil war”, it was a war between states for succession, taxes from taxes, the south was doing the same thing all the colonies did with Britain, and they call it a civil war, people believe it, well, they believe the americans won the world wars too. Propoganda works.
Ha ha Gator, nice! 😮
NOT AT ALL FOR ME, INDY!
ditto OWL……….
THE RAINBOW LAW will contribute to AGENDA 21 and the NWO’s plan to decrease the WORLD surface population by 7 billion people!
THAT IS AUTOMATIC…..reproduction is going to be kind of difficult in a rainbow
OVER AND OUT……………………
I disagree entirely… china U/S. the same creature. re markets.
Why does the etf FXI have the lowest p/e of most … the PEK has the highest…
I don’t think Kers understanding of India China is that sharp… or you accept the western media coverage which is so slanted its absurd
Nothing says things are figured out on this site Agatha.
Entertainment only.
Agree Heathen. Its a discussion. We are all looking for answers and trying to have a little fun at the same time.
If you go back to the 1970’s when Japan was beginning to shock the world with their industrial expertise a lot of market watchers thought they would be the new superpower, but the world is changing so fast that China could find itself stuck in a deflationary trap with their industry in decline. Artificial intelligence is moving so fast that manufacturing is returning to The Great Lakes ( with it’s abundance of natural resources especially water ) and China will be just another pawn in the game.
One big difference between the Japanese and Chinese is the level of integration they enjoyed with the rest of the world. Japan would never have achieved superpower status simply because they did not meaningfully engage any of the countries they were selling into and so they never achieved significant influence within their market sphere. For example, there are fewer than a million Japanese living abroad whereas China hosts huge populations of ex-pats around the globe and within virtually every country on earth. The size of the population of ethnic Chinese living abroad represents almost 4% of China’s population. A number in excess of 50 million people. And that makes them one of the most widely integrated and adapted cultures amongst the worlds major economies. Which I think tells us a great deal about the trend to global influence and insights but also for staying power as their country seeks to become the worlds largest economy in both real and Purchasing Power terms. Lets keep in mind that an important feature of a developed leading nation is its ability of its citizens to adapt to life outside their own country. For example we can think back to when the British Commonwealth was the worlds dominant sphere of influence or to when Rome or Byzantium built cities across Europe, North Africa and Central Asia. There is something meaningful to appreciate about societies who can widely adapt cross-culturally. Japan sorry to say was never able to bridge that gap and has remained socially isolated and insular for a thousand years. And that’s just one of the reasons they dominated the world economically for such a brief period of time. China is another kettle of fish altogether. It is only just warming up for the Asian century.
***** BOTTOM LINE! THEY MIGHT AS WELL DECLARE ALL MARKETS FOREVER GREEN *****
“What goes up! Must stay up! And the Bankers and the house win every day!”
Very true and the metals have reserved the basement….and will dwell there for a good long time…..
No mater if the Chinese play the western game or not with their stock market, CHINA still holdS all of the CARDS when it comes to GOLD…………….REMBER, THOSE WHO OWN ALL THE GOLD MAKES THE RULES !!!!!!!!
Hum … if SPX falls below 2050 we will surely have another glich !
lol
funny Gabriel.
And this discussion of corrupt govt will continue until you realize that:
(A) repeal the act of 1871.
(B) go back to gold standard.
(C) get rid of BAR judges and attorney’s and go back to common law courts.
Stop bitching and DO something!
Why would you want to repeal the act of 1871 ?
WAIT A MINUTE…….I thought the act of 1871 pertain to the safety and well being of newly freed negro slaves in the south after the civil war!
So are the both of you saying that you don’t agree with this!
The implications are unclear to me.
It will take a much better exposition of the topic than this link offers to have any impact.
There’s plenty out there about it; just google it.
http://www.serendipity.li/jsmill/us_corporation.htm
G Edward Griffin’s commentary carries some weight with me:
http://www.freedomforceinternational.org/freedomcontent.cfm?fuseaction=US_corporation
Griffin: “WHAT CAN BE DONE?
The important question is what can be done? Even if it were true that the United States was secretly converted to a corporation in 1871, what can be done about it today? If we don’t have an answer to that question, we are wasting out time. The enemies of freedom must be happy to see us chasing phantom issues because, as long as we do, we are out of the battle. The solution to the loss of our constitutional republic is, not to endlessly debate the meaning of an obscure event in 1871, but to take action today to recapture our government from the collectivists who have subverted it and then set about to restore the republic!”
To put it another way, if I could snap my fingers and do away with the Act of 1871, would it make any difference for the better? I can’t see that it would.
I like Griffin too, but I think he’s missing the boat on this. However, I want to point out that this isn’t a subject that I’ve focused a lot of my attention on.
The (confused) people get the government they deserve. So I agree that it would make little difference if the act were repealed.
GH………the question is …….corruption is and must be recognized prior to doing anything about. Once recognized you have been screwed of your RIGHT, you can do something about. Like what you say……….LIKE TELL OTHERS……FIRST.
I WOULD VENTURE TO SAY…….there are less than 100,000 people who know this ACT OF 1871…………
Sounds like we’re all on the same page. Corruption above, and apathy below are the problems. It will take a lot of digging out. Sadly, it seems unlikely to happen in any time frame that’s very meaningful to me.
SOMETIMES IT IS NOT ABOUT US…..AND ME, MY……………..
Matthew…………..thanks for the video………….j
GREAT POST AGAIN…. pLEASE KEEP POSTING .. AGAIN…….AND AGAIN………until the simple minded sheeple catch on to what is being said in ……..the ACT OF 1871 …GREAT JOB CHARTSTER……….”FOR” THE SHEEPLE”….
IT IS FLAT OUT AMAZING people would rather do charts and ta……than learn about their rights……………jmho
Always! (-;
I don’t know anything about the act of 1871, but the laws make no difference and I remind people that Rothchild took the Bank of England, world wars were fought and the federal reserve was created among other things happened on a gold standard.
why don’t you take five min, and read the article ………….and see if it does or does not………
CNBC predicts 10% devaluation of the RMB over the next year
CFS…..Watch out , cnbc next week will probably predict that this Irish nutter will be the next Us pres……cnbc…what a joke.
cnbc = Crazy News Broadcasting Co.
Irishtony for President!!
I saw it on the internet so it must be true……..
THEY WOULD DO THAT KNOWING THAT WE NO LONGER HAVE ANY GOLD AND CHINA DOSE !!!!!!!!!!!!!!
SORRY, THAT WAS IN ANSWER TO CFS, ABOUT CNBC!
CNBC? ( corrupt neocon bloats conspiring? )
..no…..!
Hard not to question, what are they doing…?!
Jade Helm Alert: Military Denies Media Requests To Cover “Texas Takeover”
I may be right. I may be wrong. (OK, probably wrong)
It is just a FEELING
I sense the LARGEST percentage of PM investors EVER are negative now.
I know, I said I would never post if Gold dropped below $US1,160. Forgive me.
Matthew and I seem to be the only ones on the board that are still “bullish”
But I think the next 6 months will be to the upside for both the physical metals and PM miners. I think silver is going to be VERY surprising in this 6 month time-frame.
Sheesh. To buy a single, silver Maple leaf, you have to pay a 20% premium. Think ….
I am not so sure about that Brian. Even as far back as late 2013 gold had major support at 1200 dollars but if you had not noticed, during 2015 gold has languished beneath that key number for the majority of trading days. It looks to me that 1200 is now overhead resistance and there is a date with new lower lows coming very soon. I would also point out that Yen are just on the cusp of another decline which is most readily apparent by pulling up a weekly chart. If you are familiar with the Gold / Yen correlation you will know this suggests a very negative outlook for precious metals and most particularly gold which is struggling to keep its head above 1150 at this time. The outlook is quite bearish in my view and so the multi year trend that has seen gold decline since 2011 remains in force. This is not prime time for gold yet in my humble opinion.
Just as an aside, GDX has now broken down to fresh lows and is in imminent danger of falling below last Novembers spike low. Technically the outlook remains very negative from a weekly chart viewpoint and I personally doubt much of a bounce is in store once we get a decisive break below Novembers lows. Both GDX and GDXJ have been crushed during the year and are currently posting performance of minus 37% and minus 51% respectively. They have been overwhelmingly bad investments for those who bought and held since July of last year. But hope springs eternal. The market needs a few optimists to keep powering down. Not a chance we have hit bottom yet though. Not the way the charts look to me.
AL
Thanks for your analysis . Lots to think about.
Still … my bones say “This is a good time to buy”
Brain
yeah but… markets like Moriraty said are always manipulated, always have been… so can you explain distinctions at present and the last say 75 yrs in the western markets (US)…?
thanks