Weekend Show – Sat 1 Jul, 2017

Recapping The First Half Of 2017 – Gold, Markets, and Politics

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First a very happy Canada Day to all of our Canadian listeners and an early happy Independence Day for everyone in the US.

As we turn the corner into July it is a great time to look back on the first half of this year. On this weekend’s show we review the markets, gold, and investments in general all with a look ahead to what the trends are for the rest of the year.

We always love to hear your thoughts on the show so please reach out to me at Fleck[at]kereport.com.

  • Segment 1: Rick Rule kicks off the show by recapping the metals complex in terms of gold and precious metals stocks in H1 2017.
  • Segment 2: I continue my conversation with Rick Rule discussing the GDXJ rebalancing and previewing the upcoming Sprott Natural Resource Symposium taking place in Vancouver on July 25 – 28th. It is one of the best resource investing conferences I attend each year so I hope to see you there!
    • Click here to visit the conference website and consider signing up if you are in Vancouver over July 25 – 28th.
  • Segment 3: John Kaiser recaps his recent trip to the Midas Gold property and provides an overview of the sentiment towards precious metals stocks.
  • Segment 4: I wrap up the first hour with Chris Temple and his overview of the first half of 2017 in terms of the investing climate in a broad sense combined with how politics is playing its roll.
  • Segment 5: New Guest Martha Boneta Senior Vice President of Citizens for the Republic discusses property rights.
  • Segment 6: Martha Boneta continues her discussion of property rights in the United States.
  • Segment 7: Big Al and James Farley provide alternatives to the two versions of the ACA.
  • Segment 8: We wrap up our discussion on the medical situation with James Farley.

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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

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Featuring:
Rick RuleJohn KaiserChris TempleCory FleckAl KorelinMartha Boneta
James Farley
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Comments:
  1. On July 1, 2017 at 3:22 am,
    CFS says:

    Thanks for the show.

    • On July 1, 2017 at 9:03 am,
      al korelin says:

      Thanks for being you.

      • On July 1, 2017 at 9:32 am,
        Ebolan says:

        I don’t think he could be anyone else.

        • On July 1, 2017 at 9:37 am,
          Wayne says:

          When you are a god, you can be anything you want: boy, girl, young, old, black, white, human, chimpanzee. “Flick of the tongue. Law of the universe. Kinda cool.”

          • On July 1, 2017 at 10:41 am,
            b says:

            god or hindu

        • On July 1, 2017 at 9:51 am,
          al korelin says:

          1Hard to say

  2. On July 1, 2017 at 3:37 am,
    CFS says:

    Segment 1: If I understand Martin Armstrong correctly, he is actually calling for a movement of money into the US as interest rates rise and the world economy collapses. Thus a continued rise in both the Dow and the dollar might be expected.

    • On July 1, 2017 at 4:08 am,
      Bob UK says:

      I admit to be watching the USD with a mind to whether it is about to go on a 6 month or longer rally.

      If that begins then I can indeed see money moving in the US markets to take advantage of that.

      • On July 1, 2017 at 9:24 am,
        BDC says:

        The Dollar may be shifting into third gear!

      • On July 2, 2017 at 9:10 am,
        al korelin says:

        Our society has proven that when you are a progressive you can also be anything that you want.

  3. On July 1, 2017 at 3:48 am,
    Bob UK says:

    So the TECKS, FCXs, Cliff Resources, CENXs, Steel companies, etc, will the stocks of choice in the coming weeks and the second half of the year?

  4. On July 1, 2017 at 3:48 am,
    CFS says:

    Re Segments 5 & 6 background:
    https://www.youtube.com/watch?v=qOXj-7UBNwc

    • On July 1, 2017 at 10:11 am,
      al korelin says:

      Thanks CFS, I have asked Cory to post this important interview which, I noticed, was financed by Charles Koch.

  5. On July 1, 2017 at 4:07 am,
    Markedtofuture says:

    San Francisco Awards $190,000 To Illegal Immigrant Over “Sanctuary City Violation”

    The tax payers of San Francisco will soon be handing over $190,000 to an illegal immigrant, who had a warrant out for his arrest mind you, after he filed a lawsuit alleging that city police violated ‘sanctuary city ordinances’ by handing him over to immigration officials. No, you’ve not lost your mind, this is real life.

    http://www.zerohedge.com/news/2017-06-30/san-francisco-awards-190000-illegal-immigrant-over-sanctuary-city-violation

    • On July 1, 2017 at 10:09 am,
      Jerry OOTB says:

      Glad to see it is the state…the lefty love pays

    • On July 1, 2017 at 10:13 am,
      al korelin says:

      Markedtofuture,

      This is an example of why KER Politics is so important to me. Thank you.

      • On July 1, 2017 at 10:36 am,
        Jerry OOTB says:

        Ditto ,share the love…. 🙂

  6. On July 1, 2017 at 4:15 am,
    Markedtofuture says:

    CNN Producer: American Voters “Are Stupid As Sh*t”

    Project Veritas founder James O’Keefe has just capped off a week of destroying CNN’s last shred of credibility with a Friday morning release of another undercover encounter with an employee of the beleaguered network. Jimmy Carr, a hate-filled Associate Producer, said that virtually everyone he knows at the network – surprise – absolutely hates President Trump.

    http://www.zerohedge.com/news/2017-06-30/cnn-producer-american-voters-are-stupid-shit

    • On July 1, 2017 at 10:15 am,
      al korelin says:

      Markedtofuture,

      And the beat goes on, my friend. Who will cross the finish line first and win the race?

      • On July 1, 2017 at 1:47 pm,
        Markedtofuture says:

        France’s President Says He is TOO SMART to Communicate with the Fools Who Voted For Him

        The French President Emmanuel Macron will break with the long-standing tradition of the President making a speech on Bastille Day to celebrate winning independence. He says his “complex thoughts” may prove too much for journalists. The truth is, his agenda is to surrender the independence of France and hand it to Brussels. He has no interest in celebrating Independence Day when he intends to end that independence. Just astonishing. We now have a president in France who is too intelligent to communicate with the scum beneath time for they are just stupid fools. Perhaps so – since they elected him.

        https://www.armstrongeconomics.com/international-news/france/frances-president-says-he-is-too-smart-to-communicate-with-the-fools-who-voted-for-him/

      • On July 1, 2017 at 4:19 pm,
        Markedtofuture says:

        Big Al, folks voted for something different. I would wager Trump crosses the line first. He gets a little help from his friends

        https://twitter.com/hashtag/FraudNewsCNN?src=hash

        • On July 2, 2017 at 9:14 am,
          al korelin says:

          I want you to know Markedtofuture that I do agree with you on this and, of course, other things.

    • On July 2, 2017 at 9:12 am,
      al korelin says:

      Markedtofuture,

      I rally have to wonder just why there is so much hate out there toward Trump. I am being very serious, by the way when I have that thought.

      • On July 2, 2017 at 9:17 am,
        al korelin says:

        A thought, Trump is showing that many aspects of the progressive agenda is not shared by thinking Americans. Those previously in control thought that they had begun to achieve their agenda and Trump proved that enough Americans disagree that he became the president.

  7. On July 1, 2017 at 5:40 am,
    CFS says:
  8. On July 1, 2017 at 7:10 am,
    Chartster says:

    Al,
    Martha Boneta is one of the best guests you’ve ever interviewed. Her story is that of thousands of Americans. Her views are spot-on, she truly stands for liberty, and her group ” citizens for the republic ” I certainly will support!
    Bring her back and have her explain her group and some of their causes and projects.

    • On July 1, 2017 at 10:16 am,
      al korelin says:

      You bet, Chartster

  9. On July 1, 2017 at 8:30 am,
    Markedtofuture says:

    Trump Unloads In Angry Tweetstorm: Slams “Dumb As A Rock” Mika, “Garbage” CNN

    One day after the NY Post issued its shortest ever editorial on the topic of “Trump’s tweets”, writing just three words: “Stop. Just Stop”…

    http://www.zerohedge.com/news/2017-07-01/trump-unloads-angry-tweetstorm-slams-dumb-rock-mika-garbage-cnn

    • On July 1, 2017 at 12:11 pm,
      al korelin says:

      I completely agree with the Post.

      • On July 1, 2017 at 3:00 pm,
        CFS says:

        I beg to disagree Big Al. Since the news media is so slanted against Mr Trump, to the point of producing fake news, I sense that the President has no choice but to use Twitter, Facebook or similar techniques to reach the public directly.
        I do wish he would, however, think a few minutes before tweeting from the hip.

        • On July 1, 2017 at 3:11 pm,
          Jerry OOTB says:

          Ditto….

          • On July 1, 2017 at 4:55 pm,
            David says:

            Some day an adult will be elected President.

          • On July 1, 2017 at 5:19 pm,
            b says:

            He could think before saying something for sure, but using social media is smart.
            may change the way leaders relate to the public.

        • On July 2, 2017 at 9:18 am,
          al korelin says:

          CFS, that is actually what I meant by my comment.

  10. On July 1, 2017 at 8:50 am,
    Silverdollar says:

    Al:
    Great discussion with Mr. Farley. He sounds to me like an individual who looks for solutions to a problem while at the same time leaving partisan politics out of the equation. If only we had leadership, on both sides in Washington, with the same talents. Just to know there are people thinking in this vein…………gives me hope that we may yet find some answers!

    • On July 1, 2017 at 10:13 am,
      Jerry OOTB says:

      Term limits

    • On July 1, 2017 at 10:18 am,
      al korelin says:

      Thanks Silverdollar,

      James and his family as our family both hail from the Portland area.

  11. On July 1, 2017 at 8:52 am,
    Markedtofuture says:
  12. On July 1, 2017 at 8:58 am,
    TraderBill says:

    Rare slip up by R Rule using the interest rate example of the eighties as rates rose 17 times to combat raging inflation and gold was bought as a hedge todays world rates are not rising to cut off inflation … bad comparison Rick.
    Many of the speakers at the Sprott conference are pure sensationalists who have been predicting doom for the US$ for years blah.blah.blah yet good on Rick to correctly warn depending on the reason the FOMC raises rates further and the US economic reaction that follows the US$ could be very well bid….and all the doom pumpers regarding the $ will continue to be wrong for yet another year(s)

    TB

    • On July 1, 2017 at 9:43 am,
      b says:

      PMs is how the “sprott” people make their living.
      If I recall in “nobody knows anything” bob mentions everyone has an agenda.
      I think I read that in his book, in any case its true, the “sprott” people want everyone to buy metal and PM shares.

      I understand the real payoff for PMs is supposed to begin about 2020, the calculation for that was prior to crypto currencies tho.

      • On July 2, 2017 at 9:21 am,
        al korelin says:

        If those folk truly believe their particular agendas, I think that is okay. I believe Rick because he puts his money where his mouth is and I do respect that because I have always done the same thing.

        • On July 2, 2017 at 7:28 pm,
          TraderBill says:

          sorry Al just because a promotor has a big stake in xyz its not a reason to follow their opinion just look at how many lost their shirts following Eric Sprott into Timminco as it rose from a $1 to $35 with Sprott invested to the gills….the company was delisted….as it was a complete scam. I personally made $1 million profit Trading TIM from the chart not Sprotts opinion/promotion

          How many times has Eric and Embry suggested gold was going to take off over at KWN these past 7 years? yet it hasn’t even come close to their projections nor has the US$ of US equity markets again for years!

          Investors should google the predictions of the key speakers as their calls for years going back have been way off the mark but the sheeple still fall for the spin yet they so quickly jump all over those that produce facts and they are so quick to suggest tops all these years in US equities when they can’t even get their own pm sector calls correct….= nothing but buy side promoters regardless of having their money behind their opinion Al

          • On July 3, 2017 at 10:38 am,
            b says:

            yupper Bill

            John Embry

            Everybody likes John Embry – such a cool, healthy, aged surfer-looking Dude. But his calls of the past have been some of the worst – almost a contrarian indicator. Here are some:

            February 4, 2013: Embry – Silver Market Is Nearing A Commercial Signal Failure (so close, it hasn’t happened in 37 months since the prediction)

            January 22, 2013: Embry: Gold Super-Spike To Be Dwarfed By The Mania In Silver (and eventually the SGR relentlessly climbed from 50:1 to 80:1)

            October 25, 2010: John Embry – Gold & Silver Commercial Signal Failure (almost 6 years – still waiting)

            March 6, 2013: Embry – Massive Silver Short Positions To Force COMEX Default (goodness….sigh – no comment necessary)

            March 11, 2013: Embry – I Believe Global Silver Stockpiles Are Now Exhausted (yes – existing on fumes the last 3 year – ohh my)

            January 14, 2013: John Embry – Silver Will Soar Hundreds Of Dollars Higher (after he said this it dropped about 35%)

            December 31, 2012: John Embry – The Price Of Silver Will Go Ballistic In 2013 (what do you suppose he means by ‘ballistic’? that it will be 1/3rd of it’s all time high?)

            December 10, 2012: John Embry – This Is Why Silver Will Smash Through $100 (because the company you work for sells it?)

            August 6, 2012: Embry: Expect Squeeze In Gold, Price Headed Multiples Higher (I hope not too many sold the house on this call expecting immediate returns – when he said it Gold was $1670/ounce high – almost 4 years later $1218)

            Precious metal analyst doesnt have R Rule yet, but Mr Embry might be close enough.

          • On July 3, 2017 at 11:37 am,
            TraderBill says:

            yes b you did your homework producing facts not opinion, what the heck are you doing here?

            The big difference between the armchair QB’s who are never wrong at these pm blog sites is they’ve never actually made a living as a professional trader as your only as good as your last call/trade and so many within the pm sector who speak to the sheeple have been wrong for years thats why no pro trader looks up on the web to see what Mr knowitall’s opinion is before trading their positions….ha ha think about it…..goog luck to you b as your obviously not drunk on the buy side promotional kool-aid soooo many are and don’t even know it

          • On July 3, 2017 at 6:13 pm,
            Big Al says:

            Hi Trader Bill,

            I will say that Cory and I put our money where our mouth’s are. And, I can tell you at the age of 73 everything is okay at my house.

    • On July 1, 2017 at 12:28 pm,
      Matthew says:

      I didn’t hear a slip-up from Rick at all. He stated a fact when he said that interest rates and gold rose together during the seventies (not eighties). Many experts expected gold to be weak this time around as well. They were dead wrong and I pointed out exactly what Rick did on this site months and even years before that first hike in December, 2015.

      The rate hike cycle of the last decade was also a very good time for gold.

      As for your “doom pumpers”, I have to point out that the dollar is down 80% versus gold since the REAL peak in stocks and GDP 15+ years ago.

      • On July 1, 2017 at 1:18 pm,
        TraderBill says:

        your most likely not old enough to understand the reasons behind the rate hike cycle of the late 70-80’s as it was inflation driven which is certainly not the case today and in fact we now have the US feds raising rates and looking to unwind along with the ECB and BOE suggesting rate hikes and the BOC turning hawkish which drove the CDN$ higher while oil declined recently so even with these Central banks all looking to raise rates gold is barely hanging on? not ripping higher with so mnay Hawks??

        Two US hikes were in Dec a typical low tax loss selling buy zone for the pm sectors.

        Even with the recent weaker US$ gold is weak

        Every blog has the one guy who knows everything about everything and twists anyone who suggests the promoters here have been wrong for years regardless of the facts…so amateur!

        Sprott always pumps the buy.buy.buy as the world is about to end….oh for 5-7-10 years now…lol

        TB….just another gold promotion web site

        • On July 1, 2017 at 1:29 pm,
          b says:

          It is Bill, but nothing wrong with that.
          And money can be made trading shares and even the gold silver ratio.
          On occasion, we get kinda manias too, and there is lottsa coin in those.
          No rush like a gold rush.

          I continue to believe 5% phyzz gold of an investment portfolio is astute, silver is another animal.

        • On July 1, 2017 at 1:54 pm,
          Matthew says:

          The “you’re probably not old enough” is one of the dumbest, Bill. Whatever the period in history you want to look at, the vast majority of those who were there don’t have a clue what really happened let alone what the causes were.

          There’s been massive inflation of the money supply and it is only beginning to be priced into the market. You do know that price inflation is the result of inflation of the money supply, don’t you?

          Inflation is not as low as you’ve been led to believe and gold is not as weak as your biases lead you to believe.

          The action in the miners has been speaking to you for over a year but you obviously don’t speak the language.

          Re: “Two US hikes were in Dec a typical low tax loss selling buy zone for the pm sectors.”

          Your dismissal fails. Gold rose about 15% following the Dec. 2013 and Dec. 2015 lows but rose more than 31% following the rate hike and Dec. 2015 low.

          And finally, when have I ever “twisted” anyone for suggesting that the promoters have been wrong for years. Most clearly were. Rick Rule happened to be one of the least gold pumping but that has nothing to do with the topic at hand. I’m defending a specific correct statement of his while you’re getting emotional and trying to switch the conversation to generalities.

          The coming price inflation is going to surprise you, Bill, and something tells me that you will be nowhere to be found when it does.

          • On July 1, 2017 at 2:43 pm,
            TraderBill says:

            sooo typical assuming nobody else knows whats going on within their economic cycle except you of course, again how amateur! My wealth was built during the 80’s by being very aware of market trends.
            The main driver of gold was the late Jan BOJ policy action by going negative rates but I knew you would not be aware of what caused the reaction into Aug 2016 very few do unless your a pro market player.
            There is not a chance in hell that great gains in the pm sector will not have me onboard but it wont be based on any opinion as those fail the average investor just as history proves at every top or bottom.
            Gold bulls hope the world falls apart so their warnings for years of a $ collapse or equity collapse comes true yet gold silver and the miners were crushed during the US financial crisis, thats fact! as the US $ ripped higher another huge mistake by the Sprott team funny how these experts were so clueless another fact well known by traders here in Toronto

            Learn to trade off the charts men or you will be misguided by expert opinion as all one needs to do is look at the expert calls at major turning points against the chart action and you’ll agree or perhaps its too late your drunk on the promoters Kool-aid….Rickards within the FX community is know as a clown for his fx track record is pathetic!

            Reality vs Spin…..enjoy your kool-aid

          • On July 1, 2017 at 3:30 pm,
            Matthew says:

            There you go with your dumb generalities again. Not only do I NOT hope for ‘the world to fall apart”, I know that it doesn’t need to fall apart.

            Learn to value learning in general and you’ll be much better off.

          • On July 2, 2017 at 10:04 am,
            Matthew says:

            Wow, I should proof read. The first line at 1:54 above should read: The “you’re probably not old enough” argument is one of the dumbest…

        • On July 1, 2017 at 2:18 pm,
          Wolfster says:

          Since Rick Rule is a big part of Sprott and he was the one who openly admitted he was a seller of gold and gold stocks last august not sure I agree with your point..he also has stated that it’s early with copper so not hyping things there either!!!!

          • On July 1, 2017 at 3:26 pm,
            Matthew says:

            +1 Wolfster

  13. On July 1, 2017 at 9:09 am,
    CFS says:

    Interesting moves in some cryptos in last 24 hours:
    DubaiCoin up 3.27%
    49 Numeraire up 3.03%
    12 Bytecoin up 40.67%
    40 PIVX up 31.05%

  14. On July 1, 2017 at 9:13 am,
    CFS says:

    oops dubaicoin up 53.3% and Numeraire up 43%.

    • On July 1, 2017 at 9:18 am,
      CFS says:

      But some of the lesser cryptos moved even more in 24 hours:
      CRTCoin CRT up 2243.41%
      446 ChessCoin up 646.37%

      • On July 1, 2017 at 5:01 pm,
        CFS says:

        The BTX crypto is now up 100% in 24 hours and over 9000% in 7 days and that was NOT straight after an ICO.

  15. On July 1, 2017 at 9:15 am,
    AJ says:
    • On July 1, 2017 at 10:27 am,
      al korelin says:

      Thanks for the link AJ

    • On July 1, 2017 at 10:36 am,
      CFS says:

      What a mis-named comment on healthcare!

      A B.S. piece of propaganda, in my opinion.
      Certainly a guide to nothing.

  16. On July 1, 2017 at 9:18 am,
    Ebolan says:

    Speaking of property rights, you boys see this?

    https://angrywoodchucksblog.com/2017/06/01/her-majesty-sandy-greyson-dallas-city-council-member-outraged-she-could-not-seize-land-from-lowly-plebeian-citizen-off-with-their-heads/

    But it is just infuriating – we have people come down here saying, ‘Please don’t take my property’ and because they are just an ordinary person we take their property.

    This is just how our government masters think. I am surprised the b*tch let that slip: the pure essence of government.

    People must never forget that there is nothing voluntary about government. You can’t opt out. You can’t say, “No thank you, I don’t want to do business with you. ”

    You must obey every order, law, ruling, edict, demand, regulation, stipulation and ordinance. In short, you must do everything a bureaucrat, politician or other gooberment employee says to the letter, no matter how ridiculous or unfair. And you must pay every tax, fee, levy, and assessment that they demand or you will be fined and penalized, and if you refuse to pay the fines and penalties, men with guns will come after you and put you in a cage with violent inmates. And if you resist you will be killed. That is the very essence of government.

    • On July 1, 2017 at 9:19 am,
      Ebolan says:

      Rothbard was 100% correct when he called the state a “gang of thieves writ large — the most immoral, grasping and unscrupulous individuals in any society”

      https://www.lewrockwell.com/1970/01/murray-n-rothbard/a-band-of-thieves-writ-large/

    • On July 1, 2017 at 10:03 am,
      Ebolan says:

      People must never forget that there is nothing voluntary about government. You can’t opt out. You can’t say, “No thank you, I don’t want to do business with you. ”

      You must obey every order, law, ruling, edict, demand, regulation, stipulation and ordinance. In short, you must do everything a bureaucrat, politician or other gooberment employee says to the letter, no matter how ridiculous or unfair. And you must pay every tax, fee, levy, and assessment that they demand or you will be fined and penalized, and if you refuse to pay the fines and penalties, men with guns will come after you and put you in a cage with violent inmates. And if you resist you will be killed. That is the very essence of government.

      Is there anyone here who would deny this?

      If not, why does anyone here advocate single payer or even the expansion of Medicare. Why advocate for an even bigger role for the gooberment in health care?

    • On July 2, 2017 at 10:03 am,
      Big Al says:

      Happen to agree Eddie.

      Investigative Al

  17. On July 1, 2017 at 9:21 am,
    CFS says:

    What the heck is going on with sea navigation nowadays?

    PARIS (AP) — An oil tanker and a large cargo ship collided Saturday in the Dover Strait between Britain and France but no casualties or pollution from the accident have been reported so far, French authorities say.

    The local Maritime Prefecture said the collision between the two Honk Kong-flagged vessels took place overnight 20 miles (32 kilometers) off the northern French port of Dunkirk, in the British zone of the strait between the English Channel and the North Sea, one of the world’s busiest sea routes. It said none of the tanker’s 27 crew members or the 22 on the freighter was injured.

    • On July 1, 2017 at 11:57 am,
      Jerry OOTB says:

      Most people can not use a map or compass

      • On July 1, 2017 at 3:58 pm,
        Markedtofuture says:

        China Completes Construction Of New Missile Shelters On Disputed South China Sea Islands

        Trump’s “up and down” relationship with China may be on the precipice of taking a sharp dive into the proverbial abyss. After frequently threatening to label China a “currency manipulator” on the campaign trail last year, Trump’s relationship with China’s President Xi Jinping took a decided turn for the better after a meeting at Mar-a-Lago in which China vowed to help address the “menace of North Korea” .

        And, shortly after those efforts were declared dead, the Trump administration signed a $1.3 billion arms deal with Taiwan, a deal which China has “demanded” be cancelled immediately.

        Meanwhile, as the Financial Times points out today, in the midst of all the international crises, China has made great strides building out and further militarizing their disputed islands in the South China Sea.

        http://www.zerohedge.com/news/2017-07-01/china-completes-construction-new-missile-shelters-disputed-south-china-sea-islands

        • On July 2, 2017 at 10:06 am,
          Big Al says:

          A volatile situation with significant potential problems down the road.

  18. On July 1, 2017 at 9:27 am,
    CFS says:

    Meanwhile signs of things to come:

    TRENTON, N.J. (AP) — New Jersey’s state government has shut down for the first time under Republican Gov. Chris Christie after he and the Democrat-led Legislature failed to reach an agreement on a budget…

    The Latest: Maine government shuts down after impasse
    Associated Press – Fri Jun 30, 11:43PM CDT

    Will Illinois be next?

    • On July 1, 2017 at 10:24 am,
      CFS says:

      Of course the looming pensions crisis is waiting.
      – Tax may explode as governments seek to bail out insolvent pension plans, but mathematically they CANNOT.

      – Illinois, California, New Jersey, Connecticut, Massachusetts, Kentucky and eight other states are vulnerable.
      Isn’t it funny to note they are all failed Democrat states. Is it they are incompetent at math or did the corrupt politicians give their cronies too much? They certainly did not undertax!

      • On July 1, 2017 at 10:31 am,
        Ebolan says:

        Don’t worry, CFS. California politicians are hell bent on establishing a single payer health care system in the state. I’m sure that will work out great but first they have to figure out how to steal the money…that appears to be a bit of a problem right about now.

        • On July 1, 2017 at 10:40 am,
          CFS says:

          My property taxes are already much more than my healthcare costs, as California supports many illegals plus costs of schooling non-english speakers.

          • On July 1, 2017 at 10:42 am,
            Ebolan says:

            Hell, in Commiefornia your taxes are even used to send illegal aliens to college.

          • On July 1, 2017 at 10:43 am,
            Ebolan says:

            Someone’s gotta pay for those degrees in transgender studies.

      • On July 2, 2017 at 10:09 am,
        Big Al says:

        CFS, there are a number of potential major crises out there and, sad to say, this is only one of them.

    • On July 2, 2017 at 10:08 am,
      Big Al says:

      In a last minute meeting Washington state did get going when many folks it would not.

  19. On July 1, 2017 at 9:37 am,
    Ebolan says:

    “Maybe the only solution is a single payer solution.”

    Can’t believe I heard Mr. Big Al Korelin said this. I guess I can check out now as I’ve heard it all. You boys enjoy your socialized medicine.

    • On July 1, 2017 at 10:15 am,
      Ebolan says:

      When you have people like Mr. Big Al Korelin and even Bob Moriarty saying we should have single payer I guess it’s inevitable.

      Obamacare is a completely unsustainable steaming pile and it is doing its job which is to usher in single payer.

      • On July 1, 2017 at 5:32 pm,
        Robert Moriarty says:

        Ebolan:

        I should try to qualify my belief that a single payer system would be better than what we have.

        Like the political system in the US and the education system in the US and the judicial system in the US, the health care system is an utter disaster. That was true before Obamacare, it is more true after Obamacare and it will be even more so after the Republicans and Trump make the situation even worse.

        The US has by far the most expensive medical care system in the world and the least effective for most users. We had relatives to visit us in Miami about 15 years ago, one fellow stuck his arm onto a sharp knife requiring a trip to the emergency room and a one stitch fix. It cost $800. One stitch. When I was a kid, the same visit would have been a $25 fix.

        The US health care system is broken and while there are aspects of the British single payer system I disagree with and the French single payer system and the Canadian health care single payer system, they are all cheaper and more responsive to the needs of consumers than the US system.

        IE, a single payer system would be better than what we have and I am the last guy on this board to be called a socialist. I am to the right of Attila the hun.

        But first we need to remove all of the regulations allowing noncompetitive behavior in the health care system. It’s absurd and probably illegal to pay $50 for an aspirin.

        Fifty years ago doctors were upper middle class. Today doctors feel they need a million dollar income. It’s all because we left the gold standard and people no longer understand what money is and isn’t, or what value is or isn’t. The US health care system doesn’t deliver fair value.

        • On July 1, 2017 at 9:12 pm,
          Ebolan says:

          It seems that everything the government touches turns to sh*t eventually.

          Health care is no exception. Medicaid, Medicare and Obamacare are all a mess.

          I just find it hard to believe that a government that is as corrupt and captured by special interests as ours is going to improve upon the complete mess it has already made.

          With single payer those special interests aren’t going away and could have even more influence as the government gets more control over what’s left of the health care market. Promoting an arsonist from fireman to captain of the fire station seems to be the route we are going to take.

          I predict Ryancare or Trumpcare or whatever the Republicans come up with won’t fix anything and when we get the next Democrat in the White House we will find out how single payer will work in the US and my prediction is it will be a disaster. I hope I am wrong.

        • On July 2, 2017 at 11:15 am,
          Dick Tracy says:

          Bob M, Canada has a great healthcare system and it is much better now then when it was founded. The mainstream controlled media puts out a lot of nonsense about wait times and lineups, it is all nonsense. If I thought we weren’t getting value for our money I would be right there saying so. DT

        • On July 2, 2017 at 4:48 pm,
          Dick Tracy says:

          Somebody has removed my post on how great the Canadian Healthcare system is, I am disappointed. It shows you that Trump is besieged everywhere.

    • On July 1, 2017 at 10:22 am,
      b says:

      Ebolan, why shouldnt Al want socialism? We are moving to total communism.
      The only person that has a hope of stopping it is Putin.
      Al was saying the other day he supports Israel, support of Israel is support of communism.

      The issue is a person has to research a bit to find out why thats the case and their not going to, especially christians.
      No offence intended to anyone, thats just human.
      We think in herds.

      Another poont, people WANT to go cashless, they WANT digital currency, they could care less (understand or not) that it means the loss of freedom and they are going to be surveilled in everything they do.
      People WANT other people making decisions for them. Thinking is hard.

      The only questions to PM investors is whats the value of PM? and how much should a person own in cryptos?

      • On July 1, 2017 at 10:29 am,
        Ebolan says:

        All I can say is I don’t understand Mr. Big Al Korelin and a lot of the people here. But then again, I don’t understand most Americans or most other people for that matter.

        Anyway, one interview Mr. Big Al Korelin is advocating property rights saying it is the bedrock of freedom. Then an interview later he’s saying the government should completely take over health care. (That is what a single payer system would do.)

        Am I the only one who perceives an inconsistency here?

        • On July 2, 2017 at 10:29 am,
          Big Al says:

          Purely and simply Eddy, our health care system stinks.

          What I am saying is that if America wants universal health care, and it seems to then the only way to make it financially viable is to have a senior payer system.

          I am not talking about anything at all other than a viable method of finance.

      • On July 1, 2017 at 10:30 am,
        Jerry OOTB says:

        That would be lazy ignorant Christians..

        • On July 1, 2017 at 10:32 am,
          Jerry OOTB says:

          Wrong posting area..sorry

          • On July 1, 2017 at 10:51 am,
            b says:

            I understand Jerry, ignorant obviously, but ya dont gotta be christian for that, same with lazy.
            The reason I say christians is because they seem to support Israel blindly, they support Israel because they support jews and the reason for that is they follow what jews wrote.

            Reminds me of putting prices for my products in a magazine I published.
            Was so funny, but people paid whatever I printed.
            People believe as they are told.

            Even when we wrote we made up the prices and they were meaningless..they bought more, go figure.

          • On July 1, 2017 at 11:16 am,
            Jerry OOTB says:

            I would guarantee you, the lazy ignorant do not study non read scripture.

          • On July 1, 2017 at 11:20 am,
            Jerry OOTB says:

            If they knew scripture,…they would know the Jews in the Old Testament have been set aside.

          • On July 1, 2017 at 11:37 am,
            Jerry OOTB says:

            Non to nor

          • On July 1, 2017 at 5:04 pm,
            CFS says:

            Are those that do not study history bound to repeat it?

            We are not close yet to the crash, but a look at 1929 is worth it:

            https://youtu.be/o2tkicC0evk

            History does seem to rhyme.

        • On July 1, 2017 at 10:33 am,
          Jerry OOTB says:

          Comment was for b..

          • On July 1, 2017 at 10:34 am,
            Jerry OOTB says:

            On vacation and working off a cheap phone

          • On July 1, 2017 at 10:39 am,
            Ebolan says:

            Not one of those Obama phones I hope! 🙂

          • On July 1, 2017 at 10:41 am,
            Ebolan says:

            ‘Obamaphone’ program stashes $9 billion in private bank accounts

            The Government Accountability Office has issued a report showing that the Lifeline Program to issue phones to qualified poor persons is rife with fraud and abuse. Phones were regularly issued to unqualified persons during the last administration and an incredible $9 billion has been discovered to have been deposited to private bank accounts.

            http://www.washingtontimes.com/news/2017/jun/29/obamaphone-program-riddled-fraud-audit/

          • On July 1, 2017 at 11:24 am,
            Jerry OOTB says:

            No freaking Obamy phone…. just cheap … 🙂

          • On July 1, 2017 at 2:09 pm,
            Jerry OOTB says:

            Obamy robbed the American people blind ,with his vacations….

          • On July 1, 2017 at 2:21 pm,
            Jerry OOTB says:

            Talking about phones, …I saw a pay phone at a rest stop in Florida ,…I haven’t seen one of those in years……Obamy plan gone wrong…

          • On July 1, 2017 at 2:26 pm,
            Jerry OOTB says:

            If I start seeing more phones along the interstate I may junk this cheap phone,…but, how will Google keep track of me ….. 🙂

          • On July 1, 2017 at 3:34 pm,
            JMiller says:

            Of course Obama had nothing to do with the Lifeline free cell phones. It really started under Bush. I even had one for a couple of years since I was low income.

          • On July 1, 2017 at 3:43 pm,
            Jerry OOTB says:

            Obamy Bush Clinton same snake

          • On July 1, 2017 at 3:44 pm,
            Jerry OOTB says:

            Btw…..hope all is well JMiller

          • On July 1, 2017 at 4:07 pm,
            Ebolan says:

            Of course Obama had nothing to do with the Lifeline free cell phones.

            Say what? Under his watch the program was riddled with fraud and corruption.

          • On July 1, 2017 at 4:11 pm,
            JMiller says:

            All is well with me Jerry. And yes, they are all snakes.

          • On July 1, 2017 at 4:25 pm,
            JMiller says:

            Ebolan,

            I meant that Obama was not the one to start the free cell phone program so why do people call it Obama phone? Obama had nothing directly to do with the Lifeline free cell phones.

          • On July 1, 2017 at 5:12 pm,
            Ebolan says:

            OK, so how about we call them government phones but we make Obama responsible for the fraud and corruption that took place with that program under his watch? And why should anyone be forced to pay for someone else’s phone service?

          • On July 1, 2017 at 6:55 pm,
            JMiller says:

            Ebolan,

            Let me say I have no problem with people receiving different forms of welfare under certain circumstances and paying a small amount towards it. And that would probably include phone service. Now of course I would be much more strict about who gets welfare than the government. I knew too many people trying to find ways to get welfare when they really did not need it.

            As far as myself, after I lost my job back in 2009 I collected unemployment for over a year while working part-time. I did qualify for food stamps but I decided not to apply since I did not need it. Someone however told me about getting a free cell phone. Since I had a landline phone and did not make many calls any way I saw no real need to get a cell phone. But then I thought, what happens if I witness an accident in which someone was seriously hurt or I needed to call 911 for some other kind of emergency. Having a cell phone might save someone’s life. May be even my own. So it made sense to get one. Once I got full-time employment and I was no longer eligible I immediately contact SafeLink and informed them I no longer qualify. I had heard how expensive cell phone plans were so I was going to forget about having a cell phone but then I found out about TracFone which would cost only about $100 a year. I recommend everyone should have a cell phone for the reasons that I stated.

          • On July 1, 2017 at 7:28 pm,
            Ebolan says:

            I am sorry to hear about your misfortune. I am not against helping people. Everyone depends upon the help of others at some point in their life. No one is an island as the saying goes…but the problem is government.

            Even if all these programs start with the best of intentions they become monsters and one day you wake up and your gooberment is $20 trillion in debt and has hundreds of trillions of unfunded liabilities. And the problem grows worse by the day. At some point the whole thing will implode and take down many innocent people.

            Regarding cell phone service, if all you are interested in is making emergency calls I believe you can do that without having to pay for cell phone service. See

            In order for the phone to call 911, it has to have a working signal. It does not have to have a contract with a carrier (meaning you can’t call any other number and can’t receive calls).

            https://www.verywell.com/can-my-old-defunct-cell-phone-still-call-911-1298359

          • On July 1, 2017 at 7:30 pm,
            Ebolan says:

            And here is an article from earlier this year about getting free cell phone service without any gooberment welfare…

            https://www.lewrockwell.com/2017/02/david-hathaway/get-free-cell-phone-service/

          • On July 1, 2017 at 8:31 pm,
            JMiller says:

            Ebolan,

            I know were you are coming from and I think we pretty much agree. I also found out a number of years ago that you can use an old cell phone that had a working signal to make 911 calls only and thought about just doing that instead of getting a cell phone plan. However there might be an emergency where you need to be contacted family members, say if your mother or father were in a serious accident. Both my parents are elderly and not in the best of health so I would want to have a cell phone so I can be contacted if I am away from home. Thanks.

      • On July 1, 2017 at 10:44 am,
        CFS says:

        Isn’t Socialism great!
        As tens of thousands cross the border of Venezuela into colombia every day just to find basic food.
        Any they are the lucky ones who did not have their savings destroyed by their government.

        • On July 1, 2017 at 10:47 am,
          Ebolan says:

          Single payer health care is working out great there, isn’t it? No matter how bad things get the answer is always more power for the government.

          • On July 1, 2017 at 10:56 am,
            b says:

            Venesuala happened because of american intervention.
            Not to say it wouldnt have anyway.
            Canada is socialist, just a matter of time before it happens here too I would imagine.
            As a vassal tho we shouldnt be attacked to soon tho.

        • On July 2, 2017 at 11:53 am,
          Big Al says:

          Morning CFS,

          The grandkids just left for Seattle and I am back with all of you fascinating people. I find it interesting that we all really basically agree once we make ourselves clear on issues.

          I did notice that there were and probably still are some erroneous understandings about and why I feel the way that I do about single payer and Israel. I hope that is now clear to all. (Ebolan!)

      • On July 2, 2017 at 10:20 am,
        Big Al says:

        Eddy, I don’t think that was its sole purpose.

        The bottom line is that if society decides all should have some type of medical care It appears to me that the businesses have to be taken out of the equation. The only outcomes seem to be no universal health care; an abysmal national balance sheet; or, single payer.

        Am I missing something?

      • On July 2, 2017 at 10:25 am,
        Big Al says:

        Common b, our have proven over and over that you are smarter than that.

        I think that a single payer system is the only economic way that universal health care can be financed. Show me another way, b!

        Regarding Israel, I simply don’t support stupid killing of people. Isis and most of the extreme Muslims don’t seem to give a damn how they kill others. They seem to be sexually aroused by graphic and inhumane methods of killing. How can any rational human being support that?

        Remember who put the Jews in the position that they have been in since 1949?

        • On July 2, 2017 at 3:52 pm,
          b says:

          ‘Israel doing everything to prevent Syria from prevailing against terrorists’

          “As the possibility approaches of the Syrian government and their allies prevailing in the conflict, Israel is interceding to do everything they can to prevent that,” Sterling concluded.

          “…… evidence presented that Israeli armed forces and, indeed, medics were bringing these terrorists who are opposing the Syrian government into Israel and giving them medical treatment, and then sending them back. Last month [it was reported] that the Israeli government is involved in financing these rebel groups,”

          https://www.rt.com/op-edge/395002-syria-israel-military-terrorism/

          Israeli Secret Intelligence Service = isis

          Who put the Jews in the position?

          The Balfour Declaration was a single paragraph in a letter dated 2 November 1917 from the United Kingdom’s Foreign Secretary Arthur James Balfour to Walter Rothschild, 2nd Baron Rothschild, a leader of the British Jewish community, for transmission to the Zionist Federation of Great Britain and Ireland.

          • On July 2, 2017 at 3:55 pm,
            b says:

            That was agreed to for having the americans enter the first world war.

            Rabbit hole stuff I guess.

  20. On July 1, 2017 at 9:38 am,
    b says:

    Top Airport Parking announced that it will be accepting Maxcoin for its Pittsburgh Airport Parking. Travelers simply visit their cyrptocurrency page on the site, reserve their parking space, and then make a Maxcoin transfer through Top Airport Parking’s cyrptocurrency payment integration. Read more
    Read more at http://www.maxkeiser.com/#4DVh3OgOOhFzwq5H.99

    • On July 1, 2017 at 10:40 am,
      Jerry OOTB says:

      Even the gov’t agencies are bypassing the rulers

  21. On July 1, 2017 at 9:53 am,
    Ebolan says:

    Mr. Big Al Korelin, please get some better guests if you are going to talk about health care again.

    Your guest said, “People are contributing to Medicare.” This is not true at all. People do not contribute to Medicare. They have the money taken from them and if they try to withhold that confiscation of their money, men with guns will come to take them away to prison and if they resist they will be killed. How is this a contribution?

    Medicare is a ponzi scheme run by corrupt politicians and bureaucrats. Your guest wants to continue this and even expand it.

    Please, if you are going to talk about health care again get someone from Mises or some other organization that does not advocate theft.

    • On July 1, 2017 at 10:46 am,
      Jerry OOTB says:

      Ebo…..I think OWL,should interview you.. at least give you 5 mins…

      • On July 1, 2017 at 10:47 am,
        Jerry OOTB says:

        At least you are not getting a gov’t check

      • On July 1, 2017 at 11:10 am,
        Ebolan says:

        Thanks, Jerry. I don’t know, though. It seems like when I try to explain this to people they just get pissed off. Or if not, they understand and even agree but then 5 minutes later say something that completely contradicts everything I said.

        I remember seeing a recent interview with Jeff Deist. He said that despite the explosion of interest in liberty (for example, Ron Paul’s impact, the huge increase in Web traffic for sites like Mises, etc.), the expansion of government and the increase in government power and control over our lives and money is inexorable.

        I guess all the brainwashing people get starting around age 5 in the gooberment schools has done its job. People can’t imagine living without the state controlling their lives and they don’t even realize it.

        • On July 1, 2017 at 11:41 am,
          Jerry OOTB says:

          If they get pissed off, they must have their hand in the cookie jar….

      • On July 1, 2017 at 11:35 am,
        Ebolan says:

        Maybe Mr. Big Al Korelin interview Matthew and he could explain all this.

        Mr. Big Al Korelin quoted Matthew at Cambrige House so I think he would listen to Matthew.

        • On July 1, 2017 at 11:44 am,
          Matthew says:

          Ebolan, I think Al should get Jeff or someone else from the Mises Institute on the show. I’m sure that any one of them would be much more interesting.

          • On July 1, 2017 at 11:47 am,
            Jerry OOTB says:

            I have a problem with institutions… , 🙂

          • On July 1, 2017 at 11:56 am,
            Matthew says:

            Even ones that speak truth to power? 😮

          • On July 1, 2017 at 12:00 pm,
            Jerry OOTB says:

            Good one…. 😉

        • On July 1, 2017 at 11:44 am,
          Jerry OOTB says:

          Maybe you and Matthew, could co author an article…..

        • On July 2, 2017 at 12:03 pm,
          Big Al says:

          There has been a standing offer for years to all of you that you are welcome on the Show anytime.

          How about you Mr. Ebolan? Reply to my email with a telephone number and let’s talk.

          I and, I am sure all of our familly, would love to hear from you.

          We would initially talk completely “off the record” and then do an interview.

    • On July 2, 2017 at 12:00 pm,
      Big Al says:

      Again, I respectfully disagree Eddy. Part of my social security is taken for my medicare and to me that is my own money that is paying for my medicare.

      That is a simple fact and not an opinion.

      I have no problem for my or Kathy’s medicare being paid for from our social security. One of the reasons is that our medical insurance has saved my and Kathy’s livife during th past two and one half years.

  22. On July 1, 2017 at 10:35 am,
    Ebolan says:

    Medicare is just another tax and taxation is theft.

    Please listen to this podcast if you don’t believe or understand that…

    https://mises.org/multimedia/mp3/audiobooks/rothbard/EthicsofLiberty/3-22.mp3

    • On July 1, 2017 at 10:38 am,
      Ebolan says:

      That podcast is part of the series The State versus Liberty which is part of The Ethics of Liberty.

      Not trying to be rude, but if I am being completely honest I think some people here are confused about subjects such as the free market (or even the definition of a free market), taxation, government and liberty. There certainly seems to be confusion regarding property rights.

      https://www.lewrockwell.com/1970/01/murray-n-rothbard/a-band-of-thieves-writ-large/

      • On July 1, 2017 at 11:45 am,
        Matthew says:

        You are absolutely correct and that confusion infects 90% of the so-called right, as well.

    • On July 1, 2017 at 11:50 am,
      Jerry OOTB says:

      We need to go back …when doctors made house calls……for $5….

      • On July 2, 2017 at 12:07 pm,
        Big Al says:

        I personally choose not to go back to less that 10 grand a year in salary.

        • On July 3, 2017 at 10:50 am,
          Matthew says:

          Al, 10 grand fifty years ago was worth 285 ounces of gold ($350,000 today).

          • On July 3, 2017 at 3:14 pm,
            OOTB Jerry says:

            Big Owl under estimated his worth……… 🙂

      • On July 3, 2017 at 10:52 am,
        Matthew says:

        Jerry, $5 was worth one-seventh of an ounce of gold fifty years ago ($175 today).

        • On July 3, 2017 at 3:11 pm,
          OOTB Jerry says:

          That is funny……I was making $33 wk. on my paper route …..at age 10 1/2, I had more money than I knew what to do with……… :)……. So, I was making $1200 wk comparison.

          • On July 3, 2017 at 3:12 pm,
            OOTB Jerry says:

            Plus, I did not have to live in a basement……. 🙂

          • On July 3, 2017 at 4:07 pm,
            Matthew says:

            That is serious money for a paperboy in the 1950s! 😮

  23. On July 1, 2017 at 10:50 am,
    CFS says:

    By Stephen Dinan – The Washington Times – Monday, February 27, 2017
    The government flagged more than 1.6 million foreign visitors for overstaying their visas from 2013 to 2015, but deportation agents said they fell too low on President Obama’s list of priorities to bother targeting for removal, according to a watchdog report released Monday.
    U.S. Immigration and Customs Enforcement, the deportation agency, concluded that it would cost too much to pursue the overstays, the Government Accountability Office said. ICE’s Enforcement and Removal Operations branch instead chose to focus on illegal immigrants who jumped the border and who amassed serious criminal records — the priorities Mr. Obama laid out.

    • On July 1, 2017 at 1:23 pm,
      Jerry OOTB says:

      Obamy sure over stayed his welcome.

  24. On July 1, 2017 at 10:57 am,
    CFS says:

    Meanwhile expect a new call for gun control:
    https://www.youtube.com/watch?v=no3M1vhjhd0

  25. On July 1, 2017 at 11:02 am,
    CFS says:

    Red Lake Gold:
    https://www.youtube.com/watch?v=hMRC3TnHKh4

    Older but now on youtube.

  26. On July 1, 2017 at 12:23 pm,
    Bill says:

    Gold bugs are absolutely are nuts and got it all wrong..BM lol “A flood of comments from central banks this week has been signalling that the era of easy money is coming to an end. Of course, the nonsense spouted out by the Gold Promoters that hyperinflation was coming has left 10 years of continually wrong forecasts, yet the pretend analysts have done far more damage to the marketplace that is only now revealing itself. Note carefully, that gold has declined WITH the dollar. Something else the promoters said would never happen.
    Gold had soared to reach record highs at $1,920.30 an ounce back in 2011 on the propaganda of hyperinflation coming because of Quantitative Easing (QE). Now with QE coming to an end, why buy gold? We see the same nonsense setting the euro up ripe for the slaughter. The prospect of QE ending at the European Central Bank (ECB) has been sending the euro up, yet once again to the delusion that all will be reversed and higher interest rates will save the Euro.”

    • On July 1, 2017 at 1:28 pm,
      BDC says:

      Don’t negate the possibility that Gold and the Dollar are rising together, although in a stagger step formulation. This is a great time for traders and Gold investors, who can prune at trading range tops and accumulate at bottoms — as Doc advises.

    • On July 1, 2017 at 1:28 pm,
      BDC says:

      JDST or DUST are good short term vehicles.

      • On July 1, 2017 at 1:46 pm,
        Bill says:

        Yes!
        Oil stocks are taking a beating and I think great buy opp in time!.

  27. On July 1, 2017 at 1:22 pm,
    BDC says:

    “Dollar Reversal? – It may be shifting into 3rd!”
    http://www.trendlinemagic.com/2017/07/dollar-reversal.html
    “…increasing FOMC support and liberal wishes for Trump administration destruction.”

  28. On July 1, 2017 at 2:33 pm,
    ebolan says:

    Maybe the whole Neo-Feudal Casino Gulag Plantation Fractured Reserve Debt Based economic outhouse is about to burn to the gound…you boys think you’ll get single payer gooberment health care? It’ll be more like single prayer…

    Global debt levels have surged to a record $217 trillion in the first quarter of the year…Never before in human history has our world been so saturated with debt…According to the Congressional Budget Office, the federal government will add more than a trillion dollars to the national debt once again in 2018…Unless current laws are changed, federal individual income tax collections will increase by 9.5 percent in fiscal 2018, which begins on Oct. 1, according to data released today by the Congressional Budget Office.At the same time, however, the federal debt will increase by more than $1 trillion.

    There’s more but it is so disgusting I couldn’t keep reading. And the debt it mentions does not include all the unfunded liabilities. When will people wake up and realize that Rothbard was right? Gooberment is nothing but a giant criminal enterprise.

    http://theeconomiccollapseblog.com/archives/the-world-is-now-217000000000000-in-debt-and-the-global-elite-like-it-that-way

    • On July 1, 2017 at 3:19 pm,
      Jerry OOTB says:

      Debt is enslavement…..many have not figured that out ,yet

      • On July 1, 2017 at 3:36 pm,
        Ebolan says:

        You are right, Jerry. Our rulers are racking up ruinous debt and most people are clueless.

  29. On July 1, 2017 at 2:35 pm,
    ebolan says:

    Here’s an old one from Higgs. I wonder what became of him…last I heard he moved to Mexico…at least the cat food there is cheap…

    What’s a Geezer to Do?
    http://blog.independent.org/2012/08/21/whats-a-geezer-to-do/

  30. On July 1, 2017 at 3:03 pm,
    CFS says:

    Tourists, locals buy Nevada’s legal recreational marijuana
    By REGINA GARCIA CANO and JOHN LOCHER – Associated Press – 9 minutes ago
    LAS VEGAS (AP) — Cheers and long lines of tourists and locals alike greeted the first day of sales of recreational marijuana on Saturday as Nevada became the fifth state with stores selling pot.

    • On July 1, 2017 at 3:49 pm,
      Ebolan says:

      Mr. CFS,

      Getting back to your home state and taxes for a second…watch what happens in November. Currently, the people in Commiefornia are paying about a dollar more a gallon for gas than most of the country and the large tax increases the Demorats and one traitorous Republoclown (this vermin: “Republican Backed Jerry Brown’s Gas Tax for $400 Million Pork Project” http://www.breitbart.com/california/2017/04/09/report-jerry-browns-gas-tax-cost-1-billion-side-deals/ (there’s a picture in that article of him scheming with his Demorat buddy)) crammed down the taxpayers throats.

      That tax increase is over 12 cents a gallon and starts November 1. Also, the vehicle registration tax goes up then, too. An even bigger story is what they did to the cost of diesel. It goes up a whopping 20 cents a gallon plus an additional 4 percent on the special diesel sales tax. Mind you, these are not the only California taxes on gas and diesel. For instance state and local sales tax is charged on every gallon on top of all the other taxes and that is a minimum of 7.25% and in some areas of the state around 10%.

      But it gets even worse. In 2019 the gas tax will go up another 7 cents a gallon. Also, after 2017 the gas, diesel and car registration tax go up automatically every year as they are indexed to inflation.

      What do you think these tax increases are going to do to the cost of everything in Commiefornia? Anyway, it kicks off Nov 1 of this year.

      • On July 1, 2017 at 3:52 pm,
        Ebolan says:

        However there is some good new.

        An effort is underway to repeal the Demorat theft in the Nov 2018 election.

        And you can be apart of this effort if you wish.

        You can go here for more info https://nocagastax.com/

      • On July 1, 2017 at 3:56 pm,
        Ebolan says:

        Also, there is an effort to recall one Demorat politican…maybe more at some point.

        http://dailycaller.com/2017/05/14/californians-are-revolting-against-dems-who-voted-for-gas-tax-hike/

      • On July 1, 2017 at 4:01 pm,
        Ebolan says:

        Mind you, these are not the only California taxes on gas and diesel. For instance state and local sales tax is charged on every gallon on top of all the other taxes and that is a minimum of 7.25% and in some areas of the state around 10%.

        Forgot to mention the bogus global warming carbon tax. The state gooberment forces refiners and all sorts of other businesses to buy carbon credits and that adds another 15 cents to the cost of a gallon of gas. Yet no one mentions it or even considers it a tax. The money goes into a slush fund for corrupt politicians.

      • On July 1, 2017 at 4:25 pm,
        CFS says:

        California state will implode. The question is when.

        Right now it is being kept alive by silicon valley and a dying movie industry.
        If venture money dries up for silicon valley, CA might just as well sink into the Pacific Ocean. Water stupidity is already hitting farmers…..but the greenies would rather keep a few fish alive than allow almond trees to grow, and already produce production is dropping…….watch for food price hikes.

      • On July 2, 2017 at 1:51 pm,
        Big Al says:

        Those are pretty horrendous tax increases, Eddy

  31. On July 1, 2017 at 3:10 pm,
    Dick Tracy says:

    There is a bright spot in the future of mankind if we live long enough for it to happen. Artificial Intelligence will make our species smarter so that we can understand the forces of evil that exist and how to deal with them. We must learn how to stop wars and how to cooperate not only with other nations on our own planet but also with extra terrestrial life that may want to destroy us, if we get the chance to colonize outer space.

    This battle Trump is having with the media is pure evil, it’s all about self serving parties trying to dominate our species. If we can’t see evil where it exists and it is everywhere; for example take North Korea, they are bullying The US with nuclear weapons but where did they learn that from. We will find that our species is not smart enough to multiply and live in the future. DT

    • On July 1, 2017 at 3:35 pm,
      BDC says:

      “Artificial Intelligence will make our species smarter …” — Who programs this golem?

    • On July 2, 2017 at 1:56 pm,
      Big Al says:

      Interesting comment, Mr. Tracy.

  32. On July 1, 2017 at 4:07 pm,
    CFS says:

    Gestapo is Back: German Homes Raided Over Facebook Post.
    With the internet, the government can simply hear and see for themselves what thought crimes are being committed, especially when people decide to post them on social media. But why shouldn’t people be allowed to be offensive on social media? Sometimes only by poking and prodding do we get to the crux of an issue. There is a place in society for all types of discourse, and when the government gets to define what constitutes “hate speech” they will simply label their enemies’ language as such.

    By “right wing extremist” what German authorities really mean is anyone who questions the immigration policies of the Europe, or thinks differently than the general population. Literally simply insulting someone, or talking trash can make you liable for five years in prison in Germany. According to section 130 of their criminal code:

    (1) Whoever, in a manner that is capable of disturbing the public peace:
    incites hatred against segments of the population or calls for violent or arbitrary measures against them……..

    • On July 1, 2017 at 5:27 pm,
      BDC says:

      Gestapo? … more like the NKVD.

  33. On July 1, 2017 at 4:30 pm,
    CFS says:

    The German media is blaming rapes on Facebook Incitement against immigrants.

    What kind of insanity is that?

  34. On July 1, 2017 at 5:37 pm,
    Ebolan says:

    Great interview about the criminal injustice system and why government policing is a failure and free market solutions.

    https://mises.org/library/edward-stringham-radically-rethinking-police

    • On July 2, 2017 at 1:58 pm,
      Big Al says:

      Federal level police enforcement has been around, to some extent, for a long time.

  35. On July 1, 2017 at 5:42 pm,
    CFS says:
  36. On July 1, 2017 at 6:20 pm,
    CFS says:

    The White House has been required to deliver a report to Congress listing the title and salary of every White House Office employee.

    Here is the most recent list:
    https://www.whitehouse.gov/sites/whitehouse.gov/files/docs/disclosures/07012017-report-final.pdf
    Just released today.
    It shows Trump as more generous than Obama, especially to female staff.

    • On July 2, 2017 at 2:01 pm,
      Big Al says:

      Thanks Professor, kind of interesting.

  37. On July 1, 2017 at 6:24 pm,
    Ebolan says:

    The folly of government and the answers to be found in the free market.

    https://mises.org/library/hans-hermann-hoppe-world-without-theft

  38. On July 1, 2017 at 6:31 pm,
    Donald Moder says:

    Totally agree that employers should not be in the healthcare business. Less than half of all americans are full-time employed. It is actually only about a third at 125 million. Plus there are many of these full-time employed who are contract employees or independent contractors who don’t get insurance from their employers. Another issue: Why are all the medical orgainization, associations and groups against the ACA?

    • On July 2, 2017 at 2:02 pm,
      Big Al says:

      Certainly not all Mr. Moder

  39. On July 1, 2017 at 6:47 pm,
    CFS says:

    Sir Alan Greenspan speaks……
    https://www.youtube.com/watch?v=esR87fzXH0E

  40. On July 1, 2017 at 6:58 pm,
    CFS says:

    Mises Weekends:
    Ron Paul, Jeff Deist…..Making money great again:

    https://youtu.be/-lTJ-bO5PK0

  41. On July 1, 2017 at 8:35 pm,
    CFS says:

    Off Topic:

    https://www.clickorlando.com/news/national/nasa-unveils-plan-to-test-asteroid-defense-technique

    CFS Comment: It is about time.
    If you don’t think it important, look up the work of Graham Hancock; as there is increasing evidence that a fairly sophisticated civilization was about erased from the face of the earth about 12,000 years ago by asteroid impact, with the extinction of the woolly mammoth and many North American large mammals.

    The Dinosaur extinction event was much further back in history, of course, but again due to an asteroid strike in the Gulf of Mexico.

    • On July 1, 2017 at 9:46 pm,
      b says:

      Mass extinctions

      1 Holocene extinction Present
      2 Cretaceous–Paleogene extinction event 65 million years ago
      3 Triassic–Jurassic extinction event 199 million to 214 million years ago
      4 Permian–Triassic extinction event 251 million years ago
      5 Late Devonian extinction 364 million years ago
      6 Ordovician–Silurian extinction events 439 million years ago

      We are in one now

      Study: 6th mass extinction already underway — and we’re the cause
      https://www.usatoday.com/story/news/nation/2015/06/…mass-extinction…/29028887/
      Jun 20, 2015 – The Earth’s sixth mass extinction is already underway — and humans are the driving force behind it, according to a new study. “Recent extinction rates are unprecedented in human history and highly unusual in Earth’s history,” according to a study published Friday in the journal Science Advances.

      • On July 2, 2017 at 12:18 am,
        CFS says:

        Mass extinction events appear to have several possible causes. For the older events the causes are not known. (Indeed the length of time over which the extinction occurs sometime is long, but solar particle radiation and meteor strikes can cause rapid extinction.)
        Possible causes are:
        Abnormal solar radiation/coronal ejection.
        Shift of earth’s axis or magnetic field
        Major volcanic eruptions
        Meteor or comet strikes

        The fact that earth has a magnetic shield is very important for life.
        Human travel to Mars is not thought possible at this time because of lack of shielding.
        Even establishing a station on the moon would require it to be underground.

  42. On July 1, 2017 at 8:39 pm,
    CFS says:
  43. On July 1, 2017 at 11:57 pm,
    CFS says:
    • On July 2, 2017 at 2:04 pm,
      Big Al says:

      And this is one of perhaps thousands of incidents!

  44. On July 2, 2017 at 5:16 am,
    Markedtofuture says:

    Jeff Zucker Should Stand Trial for Conspiring Against the United States For Corporate Profits – Enough is enough!

    Project Veritas, which CNN and others try bad mouthing, has caught CNN’s Supervising Producer admitting (1) they are on a witch-hunt against Trump, and (2) they constantly bash Trump with Russia putting the entire world at risk of war simply to make money. They treat their viewer as idiots who lack enough intelligence to distinguish the truth from propaganda. CNN has become the source for misrepresenting implicitly that Trump won only with Putin’s help.

    https://www.armstrongeconomics.com/international-news/rule-of-law/jeff-zucker-should-stand-trial-for-conspiring-against-the-united-states-for-corporate-profits-enough-is-enough/

    • On July 2, 2017 at 2:05 pm,
      Big Al says:

      It will be interesting to see if, in the end, CNN is still standing!

  45. On July 2, 2017 at 6:56 am,
    Chartster says:

    When Nixon took us off the gold standard, it started a Ponzi scheme in everything. The health care system is a Ponzi scheme.
    The parasite that owns the central banks, owns the insurance companies, owns big pharma, and pays huge fees to law makers to to shut up, and keep the scheme going!

    Health care was not for profit before 1973. And it needs to go back to not-for-profit.

    https://healthcare.uslegal.com/managed-care-and-hmos/the-hmo-act-of-1973/

    • On July 2, 2017 at 10:30 am,
      CFS says:

      It is worse than that. Healthcare is 17% of the GDP.
      Could imagine putting those in charge of running the postal service in charge of running the health system and NOT allowing the equivalent of Fedex and UPS?
      The current healthcare system has many problems, but has any government ever efficiently run anything?

      • On July 2, 2017 at 3:52 pm,
        OOTB Jerry says:

        Post office, FEDex, UPS…..all behind on pension funding……

  46. On July 2, 2017 at 7:56 am,
    Chartster says:

    Fist of truth. Great commercial.

    https://m.youtube.com/watch?v=WK_jkPhrddc

    • On July 2, 2017 at 10:24 am,
      CFS says:

      As many have said before:
      Democracy is is like two wolves and a sheep voting what’s for dinner.
      But Freedom is a well-armed sheep.

  47. On July 2, 2017 at 8:42 am,
    Chartster says:
  48. On July 2, 2017 at 11:05 am,
    Matthew says:

    The gold-silver ratio is looking increasingly bearish and that’s good news for the whole sector:

    http://stockcharts.com/h-sc/ui?s=GLD%3ASLV&p=D&yr=1&mn=1&dy=13&id=p40554560081&a=521820217

  49. On July 2, 2017 at 3:47 pm,
    OOTB Jerry says:

    Delaware passed law legalizing BLOCKCHAIN…..zerohedge………

  50. On July 2, 2017 at 3:49 pm,
    OOTB Jerry says:

    Litecoin……hot new crypto this week……bixweir…….

    • On July 2, 2017 at 4:21 pm,
      CFS says:

      Litecoin is over 5 years old, but having smaller blocks and more coins, it is faster than bitcoin and gaining in popularity.
      The failure of BTC to fork has allowed slowness to annoy its protagonists, and use litecoin instead.
      In my onion Litecoin is not that much better…..only a factor of 4.

      • On July 2, 2017 at 11:06 pm,
        CFS says:

        The launch date of Litecoin was Oct 9, 2011

        • On July 3, 2017 at 8:13 am,
          OOTB Jerry says:

          mining for coins is a slow process……..

      • On July 3, 2017 at 7:58 am,
        OOTB Jerry says:

        Litecoin will be used for smaller transactions……..according to Bix Weir

        • On July 3, 2017 at 8:04 am,
          OOTB Jerry says:

          this is just the beginning…….with transactions being easily performed on a phone in lieu of having to transact in silver coin……..
          Thinking of Zuckerbergs new internet drone (see zerohedge)….which will allow for the entire earth to connect to the internet via iphone technology along the silk road……just ootb………

        • On July 3, 2017 at 8:06 am,
          OOTB Jerry says:

          Some of these cryptocoins are going to stick…..just a matter of time, ….avoiding the scam system of the CEntral banksters……..

        • On July 3, 2017 at 8:12 am,
          OOTB Jerry says:

          Need for SPEED in the transaction…..will be facilitated by LITECOIN…..

  51. On July 2, 2017 at 5:23 pm,
    CFS says:

    opinion not onion

  52. On July 2, 2017 at 5:48 pm,
    CFS says:

    **DRUDGE POLL** SHOULD PRESIDENT TRUMP USE SOCIALS MEDIA?
    TWEET 76.7% (297,653 votes)

    DELETE 23.3% (90,423 votes)

    Total Votes: 388,076

    • On July 3, 2017 at 8:14 am,
      OOTB Jerry says:

      It is a NEW WORLD……….social media has changed…..

  53. On July 2, 2017 at 9:11 pm,
    CFS says:

    Associated Press – 1 hour ago
    HONG KONG (AP) — Global investor access to China’s financial markets is widening further with the launch of a bond trading link with Hong Kong.

    Officials banged a gong and clinked glasses of champagne on Monday morning as they officially kicked off trading on the long awaited Bond Connect link.

    It’s the latest channel to link up financial markets in Hong Kong, a global financial center, and mainland China, where authorities are gradually lowering restrictions for overseas investors.

    Initially, investors can get “northbound” access via Hong Kong financial institutions to mainland China’s interbank bond market, the world’s third largest at $9.4 trillion in value.

    Officials say they’re still exploring “southbound” access for mainland investors.

    In 2014, Hong Kong launched a stock trading link launched with Shanghai, followed by one last year with Shenzhen.

  54. On July 3, 2017 at 4:53 am,
    Wolfster says:

    Hey Ex.Regarding zinc.Saw this article about potential union strike in Peru which is 3rd largest zinc producing country set for July 16.Would make zinc shortage even bigger obviously.
    http://www.bnamericas.com/en/news/mining/perus-mining-strike-may-spread-to-other-industries

    • On July 3, 2017 at 6:25 am,
      Excelsior says:

      Thanks Wolfster. The fundamentals for Zinc are getting stronger and stronger. The recent run up in both Zinc and Lead prices are part of a challenge that will take some time to address and get new supply on the market to replace the handful of huge mines that have closed over the last 3 years. It would seem both Lead and Zinc prices over $1 will be sustainable for some time.

  55. On July 3, 2017 at 7:03 am,
    BDC says:

    Gold Secondary Support broken. Dollar may have bottomed. More later.

    • On July 3, 2017 at 7:04 am,
      BDC says:
    • On July 3, 2017 at 8:07 am,
      OOTB Jerry says:

      Paper rigging at it’s best………

      • On July 3, 2017 at 10:58 am,
        OOTB Jerry says:

        GOLDMAN sees BITCOIN soaring to $3915 on next breakout………zerohedge

  56. On July 3, 2017 at 8:09 am,
    OOTB Jerry says:

    Illinois seeking a 33% increase in taxes…..income, and corporate tax hike….zerohedge