KER Politics – Sat 7 Jan, 2017

Politics – The Government has its hand in everything!

Click download link to listen on this device: Download Show

  • Segment 5: Peter Boockvar of The Lindsey Group discusses Friday’s employment numbers and potential future taxes.
  • Segment 6: Bill Murphy founder of GATTA discusses gold price suppression and his thoughts on the future of gold related investments.
  • Segment 7 & 8: Our panel consisting of Lt Col (Retired) James McKinney and Investment Manager Marshall Berol discussing the earlier contentious events between the Republicans and Democrats.

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show


Al KorelinBill MurphyJim McKinneyMarshall BerolPeter Boockvar
View related posts on:

  1. On January 7, 2017 at 3:03 am,
    CFS says:

    HI Skeeta

  2. On January 7, 2017 at 3:56 am,
    CFS says:

    John Williams will be talking about Fridays job numbers on Sunday I believe on

    The mass media is so biased, as to now be the “fake” media.

  3. On January 7, 2017 at 4:03 am,
    CFS says:

    Wealth for society has NEVER been produced by Government or inflation.

    Inflation is merely a way by which the Government steals from the people, when it runs out of taxing ability.
    The real problem is the utter ignorance in which the general public lives with regard yo economics.
    Unfortunately our politicians, for the most part, are no better educated.
    (Alas, despite being a businessman, that also goes for Mr. Trump, with regard to free trade.

    The debt is a problem, puclic and private, which will destroy the US.

    • On January 7, 2017 at 5:25 am,
      OOTB Jerry says:

      ditto on the DEBt………

      • On January 7, 2017 at 5:27 am,
        OOTB Jerry says:

        A DEBT JUBILee……….is needed…….and acceptable…… is going to end anyway, no way can every citizen cough up $800,000.

        • On January 7, 2017 at 5:30 am,
          OOTB Jerry says:

          if you go back to 1964……., the last silver coin 90%…..that is about 50 years.

        • On January 7, 2017 at 8:35 am,
          al korelin says:

          I would call sit as major restructuring.

          • On January 7, 2017 at 11:39 am,
            OOTB Jerry says:

            major collapse more like it…………

          • On January 9, 2017 at 5:46 am,
            OOTB Jerry says:

            HERE IS A GOOD ONE>>>>>>>Italian YOUTH UNEMPLOYMENT 39%

          • On January 9, 2017 at 5:47 am,
            OOTB Jerry says:

            CHICAGO is higher … youth unemployment 50%

        • On January 7, 2017 at 12:21 pm,
          CFS says:

          OOTB Jerry, It may in some form be inevitable, but if you think it acceptable, you have no idea of the consequences.

          • On January 7, 2017 at 12:52 pm,
            OOTB Jerry says:

            it is inevitable…….acceptable by who’s standards, ……and it is going to be hell for many.

          • On January 7, 2017 at 12:55 pm,
            OOTB Jerry says:

            zerohedge put out a good piece today concerning globalist and nationalist…..Trump can not stop it, and may be just what the globalist want.

          • On January 7, 2017 at 1:03 pm,
            OOTB Jerry says:

            look under……..False economic recover narrative will die in 2017

          • On January 7, 2017 at 1:04 pm,
            OOTB Jerry says:

            recovery……not recover….i must have you old iphone.. 🙂

  4. On January 7, 2017 at 4:30 am,
    CFS says:

    Political Ideology has destroyed meaningful discussion on healthcare.
    There are two primary considerations.
    1, Providing healthcare for everyone.
    2. Provided the most cost-efficient way of delivering healthcare.

    For for most part, Democrats are so blinded by their desire to provide healthcare for everyone, that they cannot see the relevance of cost.
    On the other hand Republicans (at least many of them) are so focused on cost that they fail to place universal coverage at a high enough level of importance.

    Of course, healthcare is important, if not an individual “right”. This has long been recognized in laws that provide that no one may be refused emergency care at a hospital, regardless of ability to pay.

    It is so sad that both parties are now so entrenched that they fail to discuss the real issues in healthcare care. Without discussion, there can be no compromise. Without compromise we will never achieve an optimum healthcare system.

    • On January 7, 2017 at 8:39 am,
      al korelin says:

      I think that both parties do recognize what you are saying CFS. The republicans are simply more focused on sensible alternatives to the present system.

  5. On January 7, 2017 at 4:42 am,
    james says:

    Diss is the YEAR OF TERROR ATTACKS ! The Bankers mast go to PRISON and politicens ! The killing will no more STOP ! STAY SAFE !

    • On January 7, 2017 at 11:38 am,
      james says:

      The Government can’t protect YOU ! Day only protect themselves from the SLAVES !

  6. On January 7, 2017 at 4:47 am,
    CFS says:

    With regard to “Russians try to influence the election”, so what?
    That is what countries do. They try to change the world in the direction in which it is best for their own country. The US does the same. Case in point; just look at the actions of Victoria Nuland in Ukraine and the $5 Billion spent to influence their elections.

    What the Democrats will never admit is Hillary’s criminally negligent behavior in failing to comply with the Espionage Act, when she used her own non-protected computer systems.
    Neither will they discuss Mt. Podesta’s utter stupidity in using the word “password” as his password.
    Those are the real security issues.

    Further, President’s repeated division of the country; be it along lines of race hatred, inequalities of wealth, or political ideologies, has destroyed the possibility of political compromise and doing what is best for the country.
    The extreme partisan nature now current in politics disgusts me.
    The self-centered cronyism of greed among politicians, whether it be for personal financial gain, or for personal political gain, disgusts me more.
    A pox on both your houses.

    • On January 7, 2017 at 5:12 am,
      OOTB Jerry says:

      Great comment …..

    • On January 7, 2017 at 8:41 am,
      al korelin says:

      CFS, I could not agree more with your final three paragraphs.

      • On January 8, 2017 at 2:35 am,
        Archdeacon (!) Andrew says:


  7. On January 7, 2017 at 5:04 am,
    CFS says:

    If you wish to determine wisdom of using gold as a safe-haven; and also the foolishness of governmental over-spending in destroying the value of a currency, you are invited to look at the bottom line on the table in this reference:

    Notice how the loss in value of a currency correlates with excessive Government spending!

    Loss in value of a currency does NOTHING for the general public, it merely allows the politicians to buy votes.

    • On January 7, 2017 at 5:53 am,
      OOTB Jerry says:

      NICE chart……….long term return not to bad………….

  8. On January 7, 2017 at 5:23 am,
    CFS says:

    Greg Hunter discusses Russian Hacking:

  9. On January 7, 2017 at 5:44 am,
    OOTB Jerry says:

    Seg.6……..thanks for having Bill on. It will go higher , just on inflation. 1971 …$35, today $1200………..LONG TERM up.

    • On January 9, 2017 at 5:51 am,
      OOTB Jerry says:

      according to BM……Bill needs to be taken off the list a reliable source of information…………
      Thanks Bob for your information concerning the investigation of 1992.

      • On January 9, 2017 at 5:52 am,
        OOTB Jerry says:

        Dang……another guru hits the dust……..

  10. On January 7, 2017 at 9:09 am,
    Markedtofuture says:

    John Harwood Asks “Who Do You Believe America?” – Gets Surprising Answer

    “Who do you believe America? Wikileaks, or US Intel Officials?”
    The response, which emerged from his immediate following which one would surmise, should gravitate toward Harwood’s liberal ideology and thus respond in a way Harwood expected, was yet another slap in the face for the establishment’s perspective on how the world should really run.

    • On January 7, 2017 at 3:50 pm,
      DC says:

      Getting the answer he deserves is funny enough, but the comments section to the article are priceless, lol!

      • On January 7, 2017 at 9:02 pm,
        Markedtofuture says:

        DT…SloMoe Jan 7, 2017 7:08 PM

        This swamp is your swamp, this swamp is my swamp
        From the California to the New York Island
        From the Redwood Forest, to the Gulf stream waters
        This swamp was made for you and me

        Steven Mnuchin Donated To One Democrat In 2016 – The Woman Who Declined To Prosecute His Bank

        While $2,000 is a small amount of money, the entire thing stinks. Kamala Harris should resign from her Senate seat immediately unless she can provide a reasonable explanation of why she let OneWest off the hook. Likewise, Steven Mnuchin should be replaced by Trump as Treasury Secretary nominee. Both are swamp creatures, and we should demand better than these two.

    • On January 8, 2017 at 1:03 pm,
      al korelin says:

      Thank you very much Markedtofuture,

      This begins to prove just why Trump won the election. Even many liberal folks do not trust the feds. (70% to 30% is a very telling difference!)

  11. On January 7, 2017 at 10:40 am,
    CFS says:

    Ned Scmidt is always worth listening to.

    He is on at about the 45th minute on:

    • On January 8, 2017 at 1:05 pm,
      al korelin says:

      And that, CFS, is why he is getting to be a regular here.

  12. On January 7, 2017 at 11:35 am,
    Steele says:
    • On January 8, 2017 at 1:10 pm,
      al korelin says:

      A very real “reality check”! Thank you for the link Steele.

  13. On January 7, 2017 at 1:01 pm,
    b says:

    Bill Murphy.
    Where is a comment from Bob?

    This manipulation was dissected here a few years ago, I have no intention of digging anything up.

    As I recall, yes its manipulated, and its entirely legal.

    Whats interesting is the occasional fine gets paid.

    Gold to $5k, ok, but we have a 70 year supply above ground now, and that doesnt include “secret” hoards, if we have so much more than is needed and it does go to 3k? wouldnt there at least be a chance it got manipulated up?

    jp morgan has gathered the biggest hoard of silver in human history, might be a time they move the price up.

    • On January 8, 2017 at 1:12 pm,
      al korelin says:

      Thanks for the comment b. You do bring out some very interesting points.

    • On January 7, 2017 at 3:56 pm,
      OOTB Jerry says:

      they sure paint a rosy picture………….

  14. On January 7, 2017 at 1:21 pm,
    Robert Moriarty says:

    Manipulation exists in all financial markets, we all know that. But manipulation can be legal or illegal. If you look at the tiny spike to new highs in the Dollar Index on the third, it appears to be shorts running the stops before tanking the dollar. That’s perfectly legal and it exists in every market.

    But front running the fix which is what DM got caught doing is illegal and they have been (taxed) punished. You can’t push any commodity against the grain and actually if you weren’t buying or selling that day based on the fix, you weren’t affected at all. And you may have actually made a few cents if you were on the side of DM and the gang.

    KN saying he is going to sue for damages is really close to fraud on his own shareholders. He knows damned well that he can’t prove damages. And anyone believing Murphy’s claim that gold was suppressed from $252 to $1923 needs their head examined. I wouldn’t cross the road to pee in Murphy’s ear if his brains were on fire. He is the biggest fraud in the business and his constant message of “you should own gold because it’s manipulated by the biggest players in the financial markets” is utterly insane. He makes owning gold look like the act of a mad man.

    Here’s his background. Let’s see how long it takes for GATA to address that issue.

    • On January 7, 2017 at 2:07 pm,
      b says:

      Front running the fix….I believe it was adrian douglas that wrote many articles about just that. He did some pretty fine work actually.

      The legal manipulation I was talking about (Im sure your aware of) was blatantly stated by LB Johnston when silver was removed from currency 64? 65?

      Anyway, I agree with you on manipulation, I dont see it mattering.

      • On January 7, 2017 at 2:31 pm,
        Robert Moriarty says:


        No one has ever written about that. But when the silver was removed from coins in 1965, 1964 being the last year of 90% silver coins, those coins changed from being an asset of those who held them to a liability of the government. You had something in your pocket with real value that you could always melt and sell and it was replaced with slugs. It resulted in billions being stolen from Americans.

        Inflation is theft and it’s always deliberate on the part of the government. Wait until they figure out all their retirements are going up in smoke. Teachers, firemen and police are going to be the first to riot.

        • On January 7, 2017 at 2:44 pm,
          b says:

          I agree with your points.

          You might find Mr Douglas’s work interesting.
          He identified a trade that was about as consistent as the gold silver ratio you spoke about.
          Has to do with the fix I believe.

          Course, was long ago I read his work.

          • On January 7, 2017 at 2:46 pm,
            b says:

            I hear there are already runs on pension plans.

            The ramifications are almost unspeakable.

          • On January 7, 2017 at 3:31 pm,
            OOTB Jerry says:

            I think it was Dallas police……no more payouts…….
            One court decided it was legal to deduce the amount of pension pay out……

          • On January 7, 2017 at 3:33 pm,
            OOTB Jerry says:

            it will not make any difference how mad they get …….they will have retired and someone else will take the job without benefits…….

          • On January 7, 2017 at 3:35 pm,
            OOTB Jerry says:

            City mayors retiring with $250k a yr. retirement is a little over the top…..
            California state patrol retiring with $125,000 a yr……..come on…..

        • On January 7, 2017 at 3:41 pm,
          Dick Tracy says:

          When the markets start to decline and they close them the public won’t realize that it is panic that forced the closure instead they will think the government is being prudent and getting it’s house in order. When the panic is over the worst part is yet to come as they start to straighten out the mess of all the entanglements between The Banks, The Brokers, and The Hedge Funds. DT

          • On January 8, 2017 at 1:31 pm,
            al korelin says:

            Dick T, your comments are well thought out and credible. How about some positive thoughts on suggestions to fix situations.

            I personally am definitely going to go in that direction, as I have made enemies, even within my own family, by simply illustrating negative situations.

            My goal for 2017 is positive suggestions as we are all aware of the various negatives in our society.

          • On January 8, 2017 at 6:37 pm,
            GH says:

            First and foremost, personal preparedness, Al.

            It would be nice if some solutions at the societal level are figured out. But I wouldn’t hold my breath.

        • On January 8, 2017 at 1:22 pm,
          al korelin says:

          I do agree with you Bob.

          Please respond to my comment regarding identifying all with black marks in their past not just those who you don’t like.

      • On January 8, 2017 at 1:20 pm,
        al korelin says:

        It is simply imperative that a person realizes the universe that he/she is operating within, b

    • On January 8, 2017 at 1:18 pm,
      al korelin says:

      Thanks Bob,

      I think that it is about time to do some research on many of the players in the industry. I think that the research is appropriate give the fact that many of them are “in a sense” giving investment advice.

      Why don’t you start with Thom Calandra among others?

      We have to be fair.

    • On January 8, 2017 at 1:27 pm,
      al korelin says:

      Bob, you certainly make an interesting point.

      In all fairness how about we identify all those folks with black marks in their pasts not just those who we personally dislike. The industry is fully of them.

      Maybe start with Thom Calandra as his fine from the SEC for front running, I believe, was substantially larger that Bill’s.

      • On January 8, 2017 at 2:04 pm,
        Robert Moriarty says:


        TC did screw up, I agree but Murphy thinks he has an unlimited right to attack me and I’m going to convince him that he does not. Murphy is still running a scam and is the most destructive force in the industry. TC isn’t costing people money and GATA has cost people hundreds of millions.

        The constant message that you should own gold because it’s suppressed is pretty close to insane. And telling people to buy at tops is close to criminal. If TC was costing people money, I would be as harsh.

        There is no such thing as “naked short selling” That’s a fact, not an opinion. There is no “Comex Default” possible, that’s a fact, not an opinion. There is no “Commercial Signal Failure”, that’s fact, not an opinion.

        All those are signs of either con men or parrots. I cover it all in my book. Give them all the air time you want, investors are starting to wake up and they see who the con men are. Murphy is just the biggest con man out there. Did you bother reading his record, it’s quite remarkable? This wasn’t exactly a case of a little front running. He and his two brothers were running a giant con.

        • On January 8, 2017 at 2:45 pm,
          Big Al says:

          Thanks for the reply Robert.

          I read the SEC material regarding TC and asked him about it. He said that he could not discuss it because of legal advice and I do respect that. Consequently; the only information that I have to go on is the official documentation from the SEC.

          I think that TC is a very personable guy and commend him for not giving up. But then again, I understand that his financial position did not force him to give up.

          Front running is illegal because it does cost others money. Front running is also, in my opinion, immoral. Disclosure prevents this immoral axctivity from occurring.

          Here is an example of moral action” 321 Gold which seems to disclose everything. Or for that matter KER.

          • On January 8, 2017 at 3:46 pm,
            Robert Moriarty says:

            I agree and I’m opposed to front running. TC did it, got caught and paid a big price. Bill Murphy stole from 194 of his own clients. That’s not just immoral, that’s illegal and if there was any justice on Wall Street, Murphy would be in a cell next to Corzine.

            Murphy was a thief and today he’s just a fraud. But he’s costing people who listen to him a lot more money than when he was just stealing.

          • On January 8, 2017 at 8:04 pm,
            CFS says:

            Mr. Moriarty, You say there is no naked short selling.

            How then do you explain the Fact that. a few years ago, there were more shares SHORT for the stock “overstock”, than the number of shares that existed?

            Obviously there cannot be naked shorting on the COMEX because it operates under different rules. It is, however, manipulated for short time periods close to contract closing dates, as has been repeatedly shown.

  15. On January 7, 2017 at 1:32 pm,
    CFS says:

    Well, I guess we know who does not believe in being a good Samaritan!

    But here’s a discussion of business predictions for ’tis that time of year!

    • On January 8, 2017 at 1:39 pm,
      al korelin says:

      Thank you CFS, I am saving this and will then read the entire piece.


  16. On January 7, 2017 at 2:23 pm,
    CFS says:
    • On January 7, 2017 at 4:12 pm,
      DC says:

      Well, the Catholic nuns are going to be thrilled with that edict.

      • On January 8, 2017 at 2:13 pm,
        al korelin says:

        I could be wrong DC, but I think the potential law relates strictly to Muslims.

  17. On January 7, 2017 at 3:55 pm,
    CFS says:

    Stefan Molyneux discusses Fort Lauderdale:

  18. On January 7, 2017 at 4:17 pm,
    CFS says:

    I hereby retract my statement made in this forum yesterday, that I was mistaken in blaming Islamic terrorism for the FLL shootings.
    (Mr. Moriarty, please note)

    Fort Lauderdale Airport terrorist Esteban Santiago registered on MySpace under the name “Aashiq Hammad” and recorded Islamic religious music on the site, 3 years before he ever deployed to Iraq as a U.S. soldier, destroying the lying mainstream media’s narrative that he was just a mentally disturbed veteran and that “Islam had nothing to do with it.”

    I wonder how long it will be before the MSM reports it as an act of terrorism, if ever!

    • On January 7, 2017 at 4:34 pm,
      OOTB Jerry says:

      interesting………..msm is out to lunch again

    • On January 8, 2017 at 1:09 am,
      Robert Moriarty says:


      So we are ok going back to hating Muslims instead of Cubans?

      • On January 8, 2017 at 5:56 pm,
        Big Al says:


        In the words of The Kingston Trio: “And, I don’t like anybody very much”

        You know as well as I do that the beat goes on!

      • On January 8, 2017 at 7:50 pm,
        CFS says:

        No, Mr. Moriarty. Please don’t put words in my mouth.

        I consider the religion of Islam to neither be one of tolerance, nor one of peace.

        Is it not possible to criticize a religion WITHOUT hating the people who practice that religion?

        I have never made any statement towards Cubans.
        I have never been to Cuba.

        I have made statements about communism, which I find economically destructive.
        I have made statements about dictatorships, which I generally dislike.

        • On January 9, 2017 at 2:28 am,
          Robert Moriarty says:


          Perhaps a little balance would help. For example when the Zionists kill a bunch of kids playing soccer on the beach, maybe a little mention could be made of how Zionism is not the religion of peace.

    • On January 8, 2017 at 2:18 pm,
      al korelin says:

      Thanks CFS. I guess that I am not surprised.

  19. On January 7, 2017 at 4:25 pm,
    CFS says:
    • On January 7, 2017 at 4:35 pm,
      OOTB Jerry says:

      that is why Macy is shutting down stores……….

    • On January 8, 2017 at 2:24 pm,
      al korelin says:

      A turn about is certainly around the corner. How about at least a turn about in the news that the public is receiving?

  20. On January 7, 2017 at 5:21 pm,
    Chartster says:

    The joint session of congress to certify the electoral college votes. A complete fiasco…
    And Biden says ” God Save the Queen ” at the end..?
    2017 is going to be really interesting…

    • On January 8, 2017 at 2:25 pm,
      al korelin says:

      Just a simple formality Chartster. There are much more important things to discuss.

      Let’s, all of us, stop bitching and search for what we think are answers!

      • On January 8, 2017 at 2:59 pm,
        Chartster says:

        Going back to the constitution and bringing back the republic is the answer. Getting rid of the corporation is key. ( which I’ve stated many times ) bitching, or no.

        • On January 8, 2017 at 5:54 pm,
          Big Al says:

          Please continue with your ideas, Chartster.


  21. On January 7, 2017 at 6:45 pm,
    CFS says:

    So you believe Russia and China are allied against the US?

    Ponder this:

  22. On January 7, 2017 at 10:35 pm,
    CFS says:
  23. On January 7, 2017 at 11:56 pm,
    CFS says:
  24. On January 7, 2017 at 11:58 pm,
    CFS says:
  25. On January 8, 2017 at 12:12 am,
    CFS says:
    • On January 9, 2017 at 5:57 am,
      OOTB Jerry says:

      ditto on that one………..TERM LIMITS………..
      Fun…….even Obama is talking term limits……….

  26. On January 8, 2017 at 12:14 am,
    CFS says:

    Your Government needs money.

  27. On January 8, 2017 at 3:08 am,
    Archdeacon (!) Andrew says:

    How’s this for a great belly laugh: Obama (not the one you think) has just been indicted for fraud.

  28. On January 8, 2017 at 4:32 pm,
    CFS says:
  29. On January 8, 2017 at 5:46 pm,
    CFS says:

    GSA needs to be abolished, employees fired.

    • On January 9, 2017 at 5:33 am,
      OOTB Jerry says:

      GSA,HLS,TSA, CIA,FBI,IRS,PENTAGON,Dept of EDucation. National Association of Realtors….

      • On January 9, 2017 at 5:33 am,
        OOTB Jerry says:

        oh, ….THE FED…..not to mention a few…… 🙂

  30. On January 8, 2017 at 6:55 pm,
    Dick Tracy says:

    Mr. Al, this is my optimistic outlook, prosperity was due to ultimately return, but it will not resemble the prosperity of the past, it will rest on different basis from the past.

    If Trump had not been elected we would have had a leader who thought she had not done anything wrong, now if that isn’t positive what is? I dare you to give me your version if you don’t agree. DT

    • On January 8, 2017 at 6:58 pm,
      Dick Tracy says:

      By the way Al, don’t pretend you haven’t read my missive, you owe me a response. DT

  31. On January 8, 2017 at 7:41 pm,
    CFS says:

    For the attention of Sessions?

  32. On January 8, 2017 at 8:02 pm,
    GH says:

    John McAfee Shoots US Election Hacking Allegations

    John McAfee would have been a far superior Libertarian candidate for president.

  33. On January 8, 2017 at 8:43 pm,
    CFS says:

    Do we live in a civilized society?

    Parts of Chicago are a cesspool.

  34. On January 9, 2017 at 5:59 am,
    OOTB Jerry says:

    Obama is talking term limits………….what a hoot….
    ..finally got a real message, a change we can believe in….term limits……

    • On January 9, 2017 at 6:00 am,
      OOTB Jerry says:

      he has finally gotten around to reading some old KER reports……