Weekend Show – Sat 14 Oct, 2017

Bitcoin vs. Gold, US Markets, Inflation, and Iran

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Another week in the markets and new all time highs for US equities. On the flip side gold also put in a good week closing above $1,300 but the stocks are still lagging. We also have the US dollar flattening this week and putting the rebound back in question. The real standout continues to be Bitcoin that is skyrocketing to over $5,500 / Bitcoin. We discuss all of these topics in the first hour of the show.

I really appreciate all the comments and emails for all of you throughout the week. I had a couple new companies introductions that you can find links to below. Please remember that when I introduce a company I am looking for feedback from everyone. I do my best to filter through all the companies in the sector before these introductions but hearing your thoughts really helps!

  • Segment 1: Dan Oliver, Founder of Myrmikan Capital recaps a recent CMRE (Committee for Monetary Research and Education) dinner where they discuss Bitcoin and cryptocurrencies.
    • Be sure to check out the Weekend Special with Dan where we continue our comparison between Gold and Bitcoin in the financial system.
  • Segment 2: Fund Manager Dana Lyons shares his thoughts on the US equity markets with a balance between positive and negative factors.
  • Segment 3: Technical analyst Peter Brandt looks at the charts for gold, US markets, and the US Dollar.
  • Segment 4: Chris Martenson, Co-editor of Peak Prosperity addresses the recent inflation data and how the person on the street is actually being impacted.
  • Segment 5: We open KER Politics with Trita Parsi President of The National Iranian American Council and well known author.
  • Segment 6: We continue our discussion with Trita Parsi discussing his views on the U.S. Iranian situation.
  • Segment 7: We discuss the role of Fascism in our country today with Daniel McAdams CEO of The Ron Paul Institute for Peace and Prosperity.
  • Segment 8: We continue the discussion began in the prior segment with Daniel McAdams pertaining to the road to fascism which I believe we are on with Jeff Deist.

Exclusive Company Commentary and Sponsor Company New

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Dan OliverPeter BrandtDana LyonsChris MartensonDaniel McAdamsJeff Deist
Trita Parsi
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  1. On October 14, 2017 at 4:16 am,
    Skeeta says:

    Thanks fella’s
    Much appreciated as always.

    • On October 14, 2017 at 12:49 pm,
      Al Korelin says:

      Thanks Skeeta, Look for great conversations next weekend with Ron Paul.

      • On October 15, 2017 at 3:08 am,
        Anders from Copenhagen says:

        👍Sounds great, Al. I am really looking forward to that.

  2. On October 14, 2017 at 5:01 am,
    jhpace1 says:

    Bitcoin/blockchain is a reaction to the fraud and governmental oversight on the people’s money. Their currency is inflated away by fractional banking and inflationary policies. People’s currency is confiscated for any reason, and they are overcharged for using their own money in transactions. Blockchain currencies, crypto currencies are the response to those threats and violence. The ability to cross borders without government inspection and confiscation. The ability to save without government inflationary policy and central bank theft.

    Gold used to fulfill this function as a measuring stick of government and bank largess. But governments have successfully outlawed gold with “soft” action, shadowy manipulations, and employee ignorance. (Try crossing a border with gold coins.) So the alternative is using our latest form of communication, the Internet, to get around government and the banks. It is a trustless system. Think about those words – trust-less! Because the people’s trust has been betrayed.

    As the banks and government become more and more rapacious, and people find out that both the stock market and the bond market offer no relief from inflation and manipulation, they will eventually turn to whatever is manipulation-less. Will blockchain and the crypto currencies become that relief? As a bottom-up movement, can Bitcoin challenge the banks, reducing fees, restoring trust in savings/storage, and preventing confiscation?

    Is Bitcoin illegal? Only to totalitarian thinking. Blockchain is nothing more than the digitization of the Muslim practice of Hawala network brokers in each city. Bitcoin’s ledger system is almost identical, elevated to today’s technology. Does that mean criminals can move large amounts of cash around without government oversight? Yes. But who is the “criminal” when a government demands to inspect transfers of currency, and takes a “cut” or confiscates it all on a whim?

    Gold used to be able to be stored away against inflationary devaluation. People are looking for a modern alternative.

    • On October 14, 2017 at 5:43 am,
      JohnK says:

      Bankers, (Money Changers) mistrust of Bitcoin is still the greatest argument for it.


      • On October 14, 2017 at 1:04 pm,
        Al Korelin says:

        Morning to you JohnK,

        Interesting article, thanks for the link.

    • On October 14, 2017 at 1:01 pm,
      Al Korelin says:

      Morning JH.

      Your comments regarding being charged to use you own money are interesting. But remember that is what the banking system is all about and, in reality, no entity or person forces us to use it. Since it is a matter, at least theoretically, of free choice, I really don’t have a problem with it.

      • On October 14, 2017 at 1:29 pm,
        JohnK says:

        Big Al:
        But of course your a former member of the tribe. Those with the highest level of association will always be the staunchest deniers.
        And for the record I don’t hold that against you.

        • On October 15, 2017 at 10:42 am,
          Big Al says:

          Thank JohnK.

          One thing that I learned is that banking is simply another business. Bankers are not saints, they are simply business people looking looking to make a profit similar to a shop keeper. I know them for what the are and I treat them that way.

      • On October 14, 2017 at 6:10 pm,
        b says:

        Is it a choice?
        I thought most employers require direct deposit now.

        • On October 15, 2017 at 10:44 am,
          Big Al says:

          Morning b,

          I have never had to deal with that being my own employer for about 40 years. I guess that I have been sheltered!

  3. On October 14, 2017 at 5:46 am,
    JohnK says:

    Whens the last time someone mentioned the CIA and stolen Gold laundered through the Comex?

  4. On October 14, 2017 at 6:17 am,
    JohnK says:

    Fascism? You mean like Health and Human Services,Tom Price questioning the need for an National Emergency for the Opioid epidemic to protect big money advertising by the drug companies and the Blood Suckers running the Media.
    Big pharma and their Political lobby has the Politicians right where they want them.

    This Sunday 60 minutes is doing a piece on the DEA’s efforts to crack down on the opioid epidemic and how their efforts were derailed. Sunday 7:30 Eastern time.

    Like them or not, Elizabeth Warren and Lisa Murkowski have called for President Trump to honor his promise he made in August to declare a Opioid National Emergency. Alaska Daily News was one of the first to report this. MSNBC,NBC,ABC,CBS,FOX were conspicuously absent.
    The media will not report this as there is no money in HEALTHY AMERICANS.

    • On October 14, 2017 at 1:12 pm,
      Al Korelin says:

      I find it interesting that they asked him not to do anything about marijuana use. The other side of this coin is that the President could be rightly wanting the states to take the lead on this as they should.

      If that were the case, by the way, we the public would never know about it would we?

      • On October 14, 2017 at 1:36 pm,
        JohnK says:

        Big Al:
        Opioids are a much bigger problem than Marijuana ever will be.
        Once again follow the money.
        What really bothers me is watching my daughter go to a funeral of one of her classmates that just committed suicide.
        This cannot be swept under the rug any more.
        What is it going to take ?

        • On October 15, 2017 at 6:28 am,
          JohnK says:

          The Drug Industry’s Triumph over the DEA.
          The chief advocate of the law that hobbled the DEA was Rep. Tom Marino,
          a Pennsylvania Republican who is now President Trump’s nominee to become the nation’s next drug czar. Marino spent years trying to move the law through Congress. It passed after Sen. Orrin G. Hatch
          (R-Utah) negotiated a final version with the DEA.

        • On October 15, 2017 at 10:56 am,
          Big Al says:

          i hear what you are saying JohnK. I was not implying that marijuana is as serious as the opiod situation.

          My point is that it seems that recreational drugs are now condoned by society as being similar to a hot fudge sundae. The society around the drug culture seem to me to be a bit more dangerous. But then again, probably so is the society around alcohol.

          • On October 15, 2017 at 11:39 am,
            GH says:

            In the South American country where I live, I have it from someone who knows that most of the rampant daily crime that happens in the streets–theft, assault, etc.–is done under the influence of pharmaceutical pills.

  5. On October 14, 2017 at 6:27 am,
    JohnK says:

    And isn’t the Brew Hah about Iran really about Iran providing Hezbollah rockets to wage war against the Zionists?
    Why must we always dance around the obvious.
    The Military men surrounding President Trump.

    One must always be conscious that these are men that have never held a civilian job,never met a payroll ,or dealt with the civilian population from other than the Government’s perspective.

    To put it mildly,these men have had their noses shoved so far up somebody’s ass that they will never be able to get rid of the smell of crap.
    These men must have an enemy or they no longer serve a useful purpose to the people that employ them.(You and Me).
    These men need war because they know war is the fastest way to advance to the next pay grade.
    These are the Dinosaurs of yesterday.Not the warriors of tomorrow.
    The President is elected.The Deep State does not have to deal with elections. All they have to deal with is trying to figure out how they can get more money going from our pockets to theirs.

    • On October 14, 2017 at 1:13 pm,
      Al Korelin says:

      John K, you bring up a very interesting point.

      • On October 14, 2017 at 6:05 pm,
        JohnK says:

        Double Congressional Medal of Honr Major General Smedley Butler said the basically the same thing.
        “War is a Racket”
        They could not discredit him because of his distinguished record.

  6. On October 14, 2017 at 6:52 am,
    Markedtofuture says:

    Paul Craig Roberts ….today

    A reader sent this humor:

    I took down my Rebel flag (which you can’t buy on EBAY any more) and
    peeled the NRA sticker off my front window.
    I disconnected my home alarm system and quit the candy-ass Neighborhood Watch.

    I bought two Pakistani flags and put one at each corner of the front yard.
    Then I purchased the black flag of ISIS (which you CAN Buy on EBAY)
    and ran it up the flag pole.

    Now the local police, sheriff, FBI, CIA, NSA, Homeland Security,
    Secret Service and other agencies are all watching my house 24/7.

    I’ve NEVER felt safer and I’m saving $69.95 a month that ADT used to charge me.

    Plus, I bought burkas for me to wear when I shop or travel.
    Everyone moves out of the way, and security can’t pat me down.
    If they say I’m a male wearing a burka, I just say I’m feeling like a
    woman today.

    Hot Damn…Safe at last!! ~ God Bless America

    • On October 14, 2017 at 9:14 am,
      Silverdollar says:


      • On October 14, 2017 at 12:42 pm,
        OOTB Jerry says:


    • On October 14, 2017 at 1:15 pm,
      Al Korelin says:

      Yep, “safe at last” Markedtofuture.

    • On October 15, 2017 at 1:10 pm,
      bonzo barzini says:

      Hilarious! Not a bad idea.

    • On October 15, 2017 at 1:32 pm,
      Excelsior says:

      Markedtofuture – I’ve seen that going around through email and have laughed at paradoxes of feeling safe in the modern PC culture each time. Good post.

  7. On October 14, 2017 at 7:39 am,
    Markedtofuture says:

    America: Freedom to Fascism – Full.

    Determined to find the law that requries American citizens to pay income tax, producer Aaron Russo (Bette Midler’sThe Rose, Trading Places) set out on a journey to find the evidence. Neither left nor right-wing, this startling examination of government exposes the systematic erosion of civil liberties in America since 1913 when the Federal Reserve system was fraudulently created. Through interviews with two U.S. Congressmen, former IRS Commissioner and former IRS and FBI agents, tax attorneys and authors, Russo connects the dots between money creation, federal income tax, and the national identity card, which becomes law in May 2008 and will use Radio Frequency Identification (RFID) technology.


    • On October 14, 2017 at 1:24 pm,
      Al Korelin says:

      A pretty good review. Thanks Markedtofuture.

      Remember on thing. You can move whenever you want as can I!

      • On October 15, 2017 at 4:43 am,
        Markedtofuture says:

        Big Al, minus the swamp creatures, the US is still a great place. There seems to be a bigger concerted effort to remove them.

        JUDGE JEANINE PIRRO EXPLOSIVE OPENING STATEMENT – 10/14/2017 Later in the show she went after the DOJ and the need to remove various insiders.


  8. On October 14, 2017 at 7:46 am,
    Steven Rowlandson says:

    Fascist rule does not include the current NWO oligarchic regime which is Antichrist, zio- masonic, communist, jewish and gay and loves to call itself democratic. The only Nazi – Fascist types are those whom Antifa attacked at Charlottesville. We are junior boomers and younger who got the crap end of the stick from a corrupt and perverse criminal society and government system are the new right wing and core element of the new Nazi – Fascist movements.
    Society, it’s government, media, financial system, real estate market and political correctness is the disease. The disease always prompts the creation of the cure and we are the cure.

    George Soros, George Bush, the Rothschild’s and all their friends are not fascists or Nazis. They are Jews, Masons and other varieties of satanists and communists. Nazis and fascists would consider them to be the enemy. Nazis and fascists are normal people who want a proper society that works and found the crown in the mud and picked it up, cleaned it off and assumed the role of being kings and set about to destroy those that wrecked society, the economy and race and rebuild something that works. That is why the real right is hated with a ferocious satanic passion just like Jesus Christ is hated.

    • On October 14, 2017 at 1:29 pm,
      Al Korelin says:

      I am not sure that Jesus Christ is overtly hated, Steven. I am sure that He is not taken seriously. I know, for an absolute fact, that He should be taken seriously as I do and as my Christian Brothers do.

      Since God gave us free will, all I can do is provide an example of “The Good News” that Jesus Christ brought to us.

      • On October 14, 2017 at 2:28 pm,
        GH says:

        Well, he’s overtly hated by satanists. I always assumed satanism is unimportant because it seemed so ridiculous to me. And I was never interested in studying the occult. John Podesta’s spirit cooking invite opened my eyes to the disturbing reality that satanism is widespread and very powerful.

        I also have heard that the Talmud is rather un-flattering to Christ. Are you at all familiar with the Talmud, Al?

        • On October 14, 2017 at 6:24 pm,
          b says:

          Ive mentioned the Talmud a few times.
          Christians seem to ignore it for some reason.
          I found parts of it disgusting, and how christians continue to hold Jews in high regard after finding out that Jesus is idol worship..he boils for eternity…his mother….etc etc
          I just cant figure that one out.

          Then, the christian nation..at least they say they are…sends huge amounts of cash to them..its just seems twisted to me.

          The Talmud to me, is an excellent example for..Jesus..good stuff..the religion..not so much.

          • On October 14, 2017 at 9:29 pm,
            GH says:

            Twisted it is, b!

            What’s really twisted is that most goyim willingly subject themselves to mind control in the form of movies, music, mainstream news. Henry Makow says only about 10% of Jews have even read the Talmud. I’m curious how many of those high in the media (and finance, and government/politics) are Talmudists.

          • On October 15, 2017 at 12:12 am,
            b says:

            I think there are dif groups of Jews as there are dif groups of Christians, Islam has dif groups too.
            Human nature maybe.

            Only 10% reading the Talmud doesnt surprise me, how many Christians have read it?

            Talmudists,Zionists,Lucifarians…think I prefer Rastifarians.

            I would rather a bottle in front of me than a frontal lobotomy.

          • On October 15, 2017 at 1:20 pm,
            Big Al says:

            Thanks b, I really have to do more research into this and I will.

            Regarding sending huge amount of cash to them does seem a it strange and I do appreciate you bringing this up.

        • On October 15, 2017 at 1:17 pm,
          Big Al says:

          Only on a peripheral basis, GH. I realize that perhaps I should be more familiar with it.

          I just did a bit of research and discovered that The Catholic Church that it is very negative to Jesus. I guess that I am not surprised.

          Thanks for making this point, GH.

  9. On October 14, 2017 at 9:55 am,
    Silverdollar says:

    Mr. Parsi must be a very frustrated man, watching our “leadership” tear down the only serious attempt ever to normalize our relations with Iran. Iranians are in general, great people as visitors to their nation quickly find out. Sadly, like this nation, good people aren’t the ones in charge.
    Thanks for having Mr. Parsi as a guest.

    • On October 14, 2017 at 10:49 am,
      terra.laser says:


    • On October 14, 2017 at 1:33 pm,
      Al Korelin says:

      I certainly appreciate your opinion, Silverdollar. Mr. Parsi is a perfect example of why I always listen to both sides of the story.

      I did fact check with my contacts his statement about most of the funding for the terrorists coming from Saudi Arabia. He is correct; however, it does not come from the government, but from very wealthy Arabian families.

  10. On October 14, 2017 at 10:51 am,
    Matthew says:

    Unlike the last four or five significant short term lows for gold, the one that happened on the 6th was the first to happen above the 600 day EMA. It also followed the most powerful run of the year and bullishly reversed well before becoming oversold based on the RSI(14).


  11. On October 14, 2017 at 11:34 am,
    b says:

    Chris says an average new car in 1997 16,900

    Nissan Versa S Sedan: $12,780. …
    Chevrolet Spark LS is $12,995. …
    Smart ForTwo Pure: $13,240. …
    Ford Fiesta S: $13,995. …
    Kia Rio LX: $14,350. …
    Ford Fiesta S Hatchback: $14,995.

    Average skyrockets when we look at the 10 most expensive cars
    1.9 million – 3.7 million

    I would imagine Chris is right, but average price I think misleads a little bit.

    • On October 14, 2017 at 11:52 am,
      Matthew says:

      A loaded Ford F350 was about $30,000 in 1997 and now is easily three times that. Gold traded between 283 and 369 that year so, in real terms, the F350 is actually a little cheaper today than it was back then.

      Gold is called honest money for a reason.

      • On October 14, 2017 at 12:20 pm,
        JohnK says:

        Really Mathew?
        Honest money.He who has the Gold makes the rules. What part of that don’t you understand?Or all your liberty posts B.S?

        • On October 14, 2017 at 12:42 pm,
          Matthew says:

          JohnK, you’re the one with an understanding deficit. Try mustering the energy to study the subject seriously.

          • On October 14, 2017 at 1:23 pm,
            JohnK says:

            For Example?

          • On October 14, 2017 at 1:53 pm,
            Matthew says:

            Your comment above is a good example. Your contempt for liberty shows your ignorance on many levels. Do you not see the insanity of politics as you know it? We’ve got a bunch of weasels on both sides trying to impose their own foundationless, arbitrarily chosen ideals on everyone else. Unless and until ideas are expected to grounded by consistent, sound principles, politics will remain the domain of imbeciles or worse.

            As for gold, what don’t YOU understand? It has always been the best money and that is easily provable. He who has the gold makes the rules? Yes Sherlock, when has it ever been otherwise? More accurately, he who has the WEALTH makes the rules. Never mind that Indian woman hold more gold than the central banks combined, you missed the point. Gold is honest money because it has the most stable purchasing power of any money throughout history. This means that you can save it with confidence and avoid taking unnecessary risks in the stock market if you so choose. Unlike fiat currencies AND bitcoin, you can count on it having roughly the same value when you retire in 30 or 40 years. Honest money protects the least among us from their own ignorance. This is why nation states are so against it. Their power is based on keeping the people as poor and dependent as possible.

            There was a time when Alan Greenspan told the truth openly:


          • On October 14, 2017 at 2:11 pm,
            JohnK says:

            Your argument that Gold has always been the the best money in the past doesn’t pass the mustard test.
            Was Gold the best money when Greedy Wall Streeters were playing both sides of the field as the Germans were slaughtering thousands?
            Was Gold the best money when the Dutch were invading Indonesia?
            Was Gold the best money when the Australians were taking the land from the original inhabitants.?
            Who really has the Bullion Mathew.?Not the Gold.
            Just because it was good in the past doesn’t means it’s good now.
            The simple facts are the people who brought you the Central Bank and the IRS have the Bullion.
            They also own the Federal reserve.

          • On October 14, 2017 at 2:30 pm,
            JohnK says:
          • On October 14, 2017 at 2:40 pm,
            Matthew says:

            I don’t know why I bother at all. Like most people, you do more feeling than thinking and “feel” quite good about your imaginary knowledge. Lol etc.

          • On October 14, 2017 at 3:25 pm,
            JohnK says:


            Because the the paradox that I present cannot be denied.Although the issue may not be the most salient,instead of trying to ameliorate the issue ,you go on attenuating it
            by claiming superior intelligence.

          • On October 14, 2017 at 3:32 pm,
            Matthew says:

            The facts deny your claim, John. YES, gold was the best money during all those periods that you listed. Logic is clearly not your thing!

            Too bad guys like you benefit from any “liberty B.S.” at all.

          • On October 14, 2017 at 3:41 pm,
            Matthew says:

            Just so you’re clear about what I am saying, your post above at 2:11 is idiotic from start to finish.

          • On October 14, 2017 at 4:01 pm,
            JohnK says:

            I use to fall for the “Hard Money is Sound Money” B.S
            Now I know better.That being said I’m not ignorant as to the rules of the game.
            Those that continually preach this never mention who has the Bullion.For that matter I doubt they really care,or have ever envisioned climbing down such a rabbit hole.
            You are right Mathew,Logic is not my thing.
            Now what else you got?

          • On October 14, 2017 at 4:09 pm,
            Matthew says:

            John, your conclusions about gold are ridiculous and illogical. That by itself ends my interest in attempting to communicate with you. In addition, you haven’t stated a single new or mildly interesting thing about gold.

            You’ve dedicated no effort to your education so I won’t either.

          • On October 14, 2017 at 4:18 pm,
            JohnK says:

            Mathew :
            You know why I haven’t said anything new or mildly interesting about Gold.Because there is not anything new or mildly interesting about Gold.
            Go get yourself some Lithium Stocks,or perhaps some Zinc Stocks. Just get something that has a future,not a past.
            So at the point of decision,emotions are very important for choosing.In fact even with what we believe are logical decisions,the very point of choice is arguably always based on emotion. JK

          • On October 14, 2017 at 4:56 pm,
            Matthew says:

            Again, if you’d been paying attention, you’d know that I have been very bearish gold relative to the miners and SAID SO when it mattered back in 2015 when most were terrified that the miners would go lower for years to come.

            I do my best to comment at the eighth grade level here yet some will always be confused.

          • On October 14, 2017 at 5:15 pm,
            JohnK says:

            Your right I wasn’t paying attention. I was working .Not a 40 hour week like like most.I was hooked up to 50,000 pounds of flammables for 70-80 hours a week.
            I may not be the brightest,and I know I,m not the dumbest. You can try insult me all you want.No my friend,I have real world experience. I like to call it common sense.
            Some of the best traders have never read a book about trading.Their natural ability was all that they needed.They didn’t have to be smart to make money. And isn’t making money why were all here? So when are you going to come clean and tell me what I don’t know about those who hold the Bullion,and why you think letting these People conduct business as usual is such a good thing?

          • On October 14, 2017 at 6:25 pm,
            Matthew says:

            Who’s talking about trading? Not me. Just try to get your facts and accusations straight before spewing them.

          • On October 14, 2017 at 7:05 pm,
            b says:

            Gold, was pretty much pitiful in the Costa Rica hurricane.
            Buyers robbed sellers blind.
            All cryptos were worse than pitiful.

            Valuable was cigarettes #1,water,generators,gas and go down the list.

        • On October 14, 2017 at 7:12 pm,
          b says:

          lol, I gotta laugh, Mathew, you have been pumping gold continuously for years and all your charts are about trading.
          Now your not trading?
          well, ok.

          I just got a laff is all.
          been awhile since I got a laff here.

          • On October 14, 2017 at 7:52 pm,
            Matthew says:

            Damn b, you too? Above, look just above, b! My issue with JohnK had nothing to with trading.

            OF COURSE you have to laugh, your IQ makes sure of it!

      • On October 14, 2017 at 6:57 pm,
        b says:

        Golds one way to look at it, but think how cheap the cars are that I listed are today considering how much more valuable 97 money was.
        Remember, cash loses 50% every 35 years aprox.

        • On October 14, 2017 at 7:54 pm,
          Matthew says:

          Those cars you listed are a helluva lot cheaper versus gold.

      • On October 15, 2017 at 1:24 pm,
        Big Al says:

        That has always been my strong opinion Matthew!

  12. On October 14, 2017 at 11:35 am,
    b says:

    oops, the prices I listed are 2017 prices.

    • On October 14, 2017 at 12:48 pm,
      OOTB Jerry says:

      Average …….and sub compact…….are two different numbers………
      Average car would be a mid size……with a mid size price…………
      Cars are like comparing a bag of potato chips…….all product have shrunk……
      A Chev Vega…..use to be $1900 …..but, who wanted to own one……. 🙂

      • On October 14, 2017 at 7:25 pm,
        b says:

        You make a good point.
        a quick google, a 1997 volkswagon golf gl $13,470
        is that closer to apples to apples?

  13. On October 14, 2017 at 12:54 pm,
    Silverdollar says:

    I like to listen to Jeff Deist. However, his statement that he would like a government that was so small it is a night-watchman-referee. Never been; never will be, especially in this country. Our court system, transportation infrastructure, school system and local police wouldn’t fit into his type of government. Can you imagine the rat race life would be where apparently the person with the biggest club or most weapons would control? I can see where government has outgrown it’s need and several places where they’re presence could be totally eliminated……but never to the naive levels Jeff is talking about. He’s doing his part in keeping his movement small and inconsequential. JMO.

    • On October 14, 2017 at 1:05 pm,
      Matthew says:

      I disagree that he’s keeping the movement small. He knows there’s no chance that the gov will be as small as it should be but is sticking with the “high road” (sound, consistent principles) because that’s exactly what is lacking on both the left and the right. Cognitive dissonance is the enemy.

      • On October 14, 2017 at 2:48 pm,
        Al Korelin says:

        That is definitely lacking on both sides, Matthew!

    • On October 14, 2017 at 2:47 pm,
      Al Korelin says:

      Well maybe, Silverdollar. He does have a great point though. I personally think that many issues could be handled much more efficiently by the private sector. I realize that the factor of cost is an issue, but stop and think about gigantic tax savings that would result. Would they overshadow the addition potential costs

      • On October 16, 2017 at 3:50 pm,
        Silverdollar says:

        Hey Al:
        I’ll never be the one who argues with you that some things gov’t does could be done cheaper by others or that perhaps “it” doesn’t need to be done at all. I sometimes think we need a group(perhaps a hundred or so from different backgrounds and areas of the country) to review policy items and bills before they become laws to analyze on a volunteer (no pay) basis. You know, point out the scams that are inherent in most laws with beautiful titles. Get it out of the lawyer’s hands and into the hands of the people. Oh, it’s fun to dream….

  14. On October 15, 2017 at 4:57 am,
    Markedtofuture says:

    Rocketman May Have Destabilized the Ground in North Korea

    Sources in South Korea are reporting that there was another earthquake in North Korea of a 2.7 magnitude near the Punggye-ri nuclear test site. This was the fourth earthquake to hit the region since the last underground nuclear test on September 3rd, 2017. The first earthquake was a 6.3 magnitude. The last North Korea test was a hydrogen bomb. U.S. intelligence reportedly determined the blast was 10 times greater than that of the nuclear bomb dropped on Hiroshima at the end of World War II.

    Rocketman just may have set in motion a natural disaster. Any more tests could rupture the region and radioactivity could contaminate much of the area.

    Meanwhile, Trump has announced he will send ships off the coast of North Korea that will shoot down any missiles he tries to launch. Rocketman seems to be on an insane show of power to prevent his overthrow. If the USA shoots down any missile launch, all his efforts to show power will collapse and that would expose him to an internal coup.


    • On October 15, 2017 at 1:38 pm,
      Big Al says:

      Shooting down the missiles certainly makes a lot of sense to me. It is my understanding; however, that currently the U.S. is unable to do that.

    • On October 15, 2017 at 2:28 pm,
      CFS says:

      2.7 earthquakes are about the equivalent of a truck driving past your house…..nothing.

      • On October 15, 2017 at 3:25 pm,
        Big Al says:

        Much ado about nothing!

  15. On October 15, 2017 at 9:14 am,
    ron says:

    Your guest, Trita Parsi stated and it is very possible that Islamic Terror in the U.S. and Europe is sponsored mostly by Saudi Arabia and not Iran. It is also very likely that Saudi Arabia sponsored 911. Then why is the U.S. not pursuing sanctions against Saudi Arabia and not Iran? Why is Saudi an ally and Iran the enemy?

    My guess is that there is some kind of unholy alliance between Israel and Saudi Arabia and the United States. The US, Saudi and Israel are sponsoring terrorist to fight a proxy war against the enemies of Israel and the US. (Iraq, Syria, Libya …).

    • On October 15, 2017 at 1:39 pm,
      Big Al says:

      Ron, look for a Daily Editorial on this subject during the upcoming week.

    • On October 16, 2017 at 6:03 am,
      GH says:

      “some kind of unholy alliance between Israel and Saudi Arabia and the United States” — it certainly looks that way.

  16. On October 15, 2017 at 11:08 am,
    Markedtofuture says:

    We the People vs. the Swamp – Patricia Muth

    Author Patricia Muth says the two-party system is not what you think it is in today’s political landscape. It’s not Republican vs. Democrat, but “We the People” vs. “the Swamp.” Muth explains, “We don’t have a two-party system in this country. We have a one-party system in Congress, and that’s the establishment. What the people want is not in the minds of the establishment, and you can see that happening all over. Somehow, along the way, Congress forgot they work for us. The Senate certainly doesn’t believe they work for us. Do you think that (Senator) Bob Corker could have a rally, plan it in four days and bring 20,000 or 30,000 people there? Donald Trump can, and Donald Trump can actually be the spokesman for the American people. The people want the agenda that Trump is putting forward, and the Congress and Senate does not want to go along with it. Many in the establishment will be unelected in the 2018 election.”


    • On October 15, 2017 at 1:45 pm,
      Big Al says:


      We have a “major war” going on right now and I would like to think that it is between “we the people” and much of the federal government.

      The continual shutdown of Trump’s agenda proves this.
      Here is specifically what I am talking about: It is my understanding that The Affordable Health Care Act has major flaws contained on both the Republican side and the Democratic side. Trump seems to be attempting to solve that and has not succeeded at all so far.

  17. On October 15, 2017 at 11:20 am,
    Excelsior says:

    Gold Leaps Above $1300
    Gary Wagner – October 13, 2017 #TechnicalAnalysis #Charts #VIDEO


    • On October 15, 2017 at 1:39 pm,
      Excelsior says:

      This was a particularly clear and well reasoned T.A. Video from Gary Wagner on Gold.

      • On October 15, 2017 at 1:54 pm,
        Excelsior says:

        Here’s a few more thoughts on Gold’s recent breakout above $1300:

        Gold Heads Back To $1,300 as It Marks First Weekly Gain in Five Weeks
        Oct 13, 2017

        “Ending a four-week losing streak, the gold market spiked above $1,300 on Friday after a disappointing Consumer Price Index. This is the fifth month in a row that inflation has remained at the low end of this year’s range, falling from a high of 2.3% seen in January.

        Bill Baruch, president of Blue Line Futures said that the latest inflation data is good for gold because it creates some doubt around the Federal Reserve’s monetary policy action. While a December rate hike is seen as a sure thing, the latest inflation data adds some uncertainty that the Fed will be able to aggressively hike interest rates in 2018.

        “I believe we will see Gold higher next week,” Baruch said. “Yes, the Fed will be able to continue to tighten but the path is priced in and the growth landscape that eludes to this path is not speeding up.” As for a longer term forecast, Baruch said that he would not be surprised if gold hits $1,400 by early next year.

        December gold futures last traded at $1,303.20 an ounce, up more than 2% since last Friday. At the same time, silver is seeing its second week of gains, last trading at $17.38 an ounce, up almost 3% from last week.”


        • On October 15, 2017 at 3:04 pm,
          Excelsior says:

          Gold Miners’ Q’17 Preview
          Adam Hamilton – Oct 13, 2017

          “With the third quarter’s earnings season now underway, the gold miners will soon join in and report their latest results. No data is more highly anticipated by investors, for good reason. Quarterly reports dispel the dense fogs of herd sentiment that usually obscure gold stocks, revealing their operations’ underlying fundamental realities. Q3’17’s upcoming results are likely to prove quite bullish for this neglected sector.”

          “Four times a year publicly-traded companies release treasure troves of valuable information in the form of quarterly reports. Companies trading in the States are required to file 10-Qs with the US Securities and Exchange Commission by 45 calendar days after quarter-ends. The gold miners generally release their quarterly reports in the latter half of this span. So Q3’17’s will arrive between late October and mid-November.”

          “The potent combination of higher prevailing gold prices and bigger production to spread gold mining’s large fixed costs across should lead to sector profits surging rather dramatically. Investors will likely take interest and start bidding gold stocks higher again, fueling a major upleg. And since gold stocks remain so darned low relative to prevailing gold prices, their upside from here is vast as investment capital returns.”


    • On October 15, 2017 at 7:51 pm,
      Excelsior says:

      Gold Bulls Have Slight Technical Edge
      Morris Hubbartt – Oct 13, 2017
      Super Force #PreciousMetals #TechnicalAnalysis

       SFS Key #Charts & #Video Update



  18. On October 15, 2017 at 11:53 am,
    Excelsior says:

    (check out these different charts created by different forces acting upon a object.
    Then think about how stocks react when market forces act on them)


    Unendurable Line
    Published on Aug 29, 2017


    • On October 15, 2017 at 3:05 pm,
      Excelsior says:

      I can’t stop watching this for some reason. 🙂

  19. On October 15, 2017 at 1:01 pm,
    Markedtofuture says:

    Stateside Report Podcast – October 15,2017 – http://www.statesidereport.com
    In this episode of the Stateside Report Podcast we take a look back at the week in gold, silver, the base metals and the stocks, we recap the strong news release of Alexandria Minerals $AZX at their Orenada Zone 4 gold project, we introduce a new podcast sponsor Cypress Development Corp $CYP as an emerging lithium play and then we provide a list (with the help of John Kaiser) of Wits 2.0 players who have land in the Pilbara region of Western Australia including Altura Mining $AJM.AX, Artemis Resources $ARV.AX, Boadicea Resources $BOA.AX, Castle Minerals $CDT.AX, Chalice Gold Mines $CXN, Coziron Resources $CZR.AX, Cullen Resources $CUL.AX, DeGrey Mining $DEG.AX, DGO Gold $DGO.AX, Flinders Mines $FMS.AX, Fortesque Metals $FMG.AX, Haoma Mining $HAO.AX, Impact Minerals $IPT.AX, Kaili Resources $KLR.AX, Kairos Minerals $KAI.AX, Kalamazoo Resources $KZR.AX, Lithium Australia $LIT.AX, Lithium Power International $LPI.AX, MacArthur Minerals $MMS, Metalicity Limited $MCT.AX, Millenium Minerals $MOY.AX, Novo Resources $NVO, Pilbara Minerals $PLS.AX, Pioneer Resources $PIO.AX, Platina Resources $PGM.AX, Red Hill Iron $RHI.AX, Rugby Mining $RUG, Sayona Mining $SYA.AX, Segue Resources $SEG.AX, Southern Hemisphere Mining $SUH.AX, Strategic Elements $SOR.AX, Venturex Resources $VXR.AX, Venus Metals $VMC.AX, Winmar Resources $WFE.AX, and Zenith Minerals $ZNC.AX. We talk gold, silver, copper, zinc, lead, lithium, nickel, uranium and oil.

    • On October 15, 2017 at 1:46 pm,
      Big Al says:

      Thanks for this link, OOTB.

      • On October 15, 2017 at 2:00 pm,
        OOTB Jerry says:

        You are welcome,,,

  20. On October 15, 2017 at 5:02 pm,
    Chartster says:

    Bitcoin has gone ballistic, yet Bitcoin investment trust has gone sideways with really tight BBands. I’m open to GBTC blasting off, but I think Bitcoin is a bubble. And GBTC looks like it’s about fall through the trap door…

    I found out about Bitcoin when it was about 20 bucks. As it stands now, I missed it..

    • On October 15, 2017 at 5:08 pm,
      OOTB Jerry says:

      99.9 % missed it………….

      • On October 15, 2017 at 8:30 pm,
        JohnK says:

        When the last time you looked at a chart of the price of Zinc?
        Who around here is saying Zinc has gone parabolic? Try no one.
        Nobody here has missed anything with Bitcoin.We still have over a hundred years until the last Bitcoin is mined.
        How many here have been professing that Bitcoin is a Bubble?
        I guess we can add Chartster to that list now.
        If you are Franky we are in an EVIL Bubble.Please……….
        Take a look who is buying Bitcoin besides the U.S. It’s a big world out there.
        Why must I continually have to answer to everyone’s fear of the dreaded bubble? I’ll tell you why.Your stuck looking at the past and not looking to the future.
        So tell me did you miss Google when it IPO’d at $50? Of course you did.Did you miss Apple at $90 when Steve Jobs launched the I-Phone? Of course you did.
        If it’s any consolation so did I. Not because I wasn’t aware of the potential,because those were two stocks not in my league.I thought penny mining stocks were going to be my ticket to success,not some new technology.
        This time four years ago I didn’t repeat the same mistake. Although those mining stocks introduced me to the world of tax write offs for losses.
        Lets hope that the U.S goes to a flat tax before I sell my Bitcoin, Bitcoin cash, and the new coin coming in November.
        So if Bitcoin is in a bubble,is Bitcoin Cash also in a bubble? Will the next coin created in November by the next Bitcoin fork which I am going to receive also be in a Bubble?
        How about Ethereum,and Ethereum Classic? Are they also in a bubble? Or how about Monero?
        I’ve been saying what could hurt throwing a little cash at the Crypto’s.
        Nobody missed anything here as most people still don’t have a clue what the Cryptos and the Blockchain are all about.
        Except D.T of course.

        • On October 16, 2017 at 4:03 am,
          Wolfster says:

          Can’t speak for others but I don’t like to invest into something I don’t understand…I have been trying to get a better understanding by researching it but just can’t wrap my head around it…felt the same way in the 90’s with the internet bubble…the real internet companies like Amazon still exist and yes I could have made a fortune if I ever truly understood it

          • On October 16, 2017 at 4:37 am,
            JohnK says:

            I didn’t understand it at first also. The operative words are “at first” Originally what convinced me to take a shot was the lower transaction fees compared to visa and mastercard.
            I have come to understand that there is much more here evidenced by the rise of Bitcoin and the Evolution of the Blockchain and Crypto Currencies.
            There is a whole network of people ,and yes it is growing exponentially that have come to the realization that the innovations of tomorrow will come from open source and the advent of the blockchain,not from the oppressive pedophilic satanic cabals of today.

        • On October 16, 2017 at 6:57 am,
          Matthew says:

          Zinc has roughly doubled in the last 18 months. What kind of fool would compare that to Bitcoin’s five-fold advance in just the last 6 months?

          Your unwillingness to learn makes you a fool and your assumption that all of your superiors are LYING to you make you one low-rent fool. BC is in a classic bubble and zinc is not.


          • On October 16, 2017 at 7:24 am,
            JohnK says:

            Ok Mathew:
            Time to average down some more Impact Silver?
            Past performance does not guarantee future success.

          • On October 16, 2017 at 7:41 am,
            Matthew says:

            Nothing has changed for IPT since it hit 1.28 last year except the silver price. It represents a superb value right now.

  21. On October 15, 2017 at 10:40 pm,
    CFS says:

    I have been pushing coverage of cryptocurrencies by Kereport, because I see investment opportunities in this space.
    I believe no one denies Bitcoin has first mover advantage.
    However, I believe that is insufficient as a reason to believe that it will always be the best cryptocurrency; it is slow and expensive, even if it is improving.
    Many cryptotokens are probably little more than pipe-dreams, if not outright frauds.
    The weak point in investing in cryptos will probably be the fiat-crypto exchanges, until some cryptos are endorsed by a major government.
    It is most interesting to note that at this point in time rumors are flying about that the Russian government wants to establish a crypto-rouble, which, if true, will be a game-changer.

  22. On October 15, 2017 at 10:58 pm,
    CFS says:

    I note that on October 12, in Beijing, the First Workshop on Standards for Digital Fiat Currency (DFC) for Universal Finance Access was held by International Telecommunication Union (ITU) and the Institute of World Economics and Politics at the Chinese Academy of Social Sciences (CASS). Also involved were the People’s Bank of China (PBoC), the Institute of Digital Money, the Chinese Academy of Information and Communications Technology and the Digital Fiat Currency Institute.
    The workshop organizers invited professionals, officers, and entrepreneurs from more than 40 countries to discuss the future of digital currency. The topics of the workshop included the regulation the problems inherent in digital currency. Chinese scholars showed their interest in the idea of state-issued digital currency and steadfastly refused to recognize the value of a public cryptocurrency such as Bitcoin.
    Yao Qian, the Director of the Digital Currency Research Institute of the People’s Bank of China, is the representative of the Chinese scholars. In his speech, he pointed out the importance of the state’s endorsement of digital currency and questioned the value of Bitcoin. He believes that a public cryptocurrency like Bitcoin lacks inherent value, which makes it unreliable.

    (I do not agree with Yao Qian, because I beleve BTC has value in cross border transmission of money.

  23. On October 15, 2017 at 11:11 pm,
    CFS says:

    Russian President Vladimir Putin has officially stated that Russia will issue its own ‘CryptoRuble’ at a closed door meeting in Moscow, according to local news sources. The news broke through Minister of Communications Nikolay Nikiforov.
    According to the official, the state issued cryptocurrency cannot be mined and will be issued and controlled and maintained only by the authorities. The CryptoRubles can be exchanged for regular Rubles at any time, though if the holder is unable to explain where the CryptoRubles came from, a 13 percent tax will be levied. The same tax will be applied to any earned difference between the price of the purchase of the token and the price of the sale. Nikiforov said:
    “I confidently declare that we run CryptoRuble for one simple reason: if we do not, then after 2 months our neighbors in the EurAsEC will.”

  24. On October 16, 2017 at 4:11 am,
    JohnK says:

    Once again you prove why I no longer listen to your crap. You don’t get it,you will never get it. No you and others are far to smart to ever get it.
    The only thing missing once again is the fact you bought into Ethereum instead of Bitcoin which once again you fail to reveal.
    The recent move in Bitcoin has been without the Chinese.Yet you post some useless nonsense citing COMMUNIST CHINESE scholars.
    Next you post more useless nonsense about what Vladimir Putin is going to do,citing local sources at a closed door meeting.
    Keep posting CFS, you have entirely missed why Bitcoin is the Big Dog.
    Some people get it,clearly you don’t.
    I am growing weary here continually having to post the obvious.
    Look into the future CFS, what do you see? A spaceship loaded with Gold?

    • On October 16, 2017 at 7:10 am,
      CFS says:

      JohnK, Actually, as I think I told you a few months ago, I bought equal dollar quantities of BTC and ETH, and I have since added an equal quantity of Litecoin. Since Bitcoin has gone up more, it is my biggest holding currently. (I have not sold any cryptos and have no plans to do so soon, despite having $ thousands of profit)
      My comments re: Bitcoin above, however, I believe, are still valid, and I don’t believe I have said Bitcoin is a bubble. Maybe you need to get better reading glasses.
      I do simply try to point to advantages and weaknesses in cryptos.

      • On October 16, 2017 at 7:19 am,
        JohnK says:

        The last time I called you out you said you bought into Ethereum.
        The post is here. I’m not going to waste my time time looking for it.
        My eyes are fine and my memory is pretty good also.

        • On October 16, 2017 at 7:32 am,
          CFS says:

          I still believe, at this point in time, the Ethereum blockchain has a better platform on which to build cryptotoken fund-raising. Further, since I originally made that statement months ago, actual history has agreed with me in terms of new crypto development.

          • On October 16, 2017 at 7:39 am,
            JohnK says:

            The tell is always when things go down not up.

    • On October 16, 2017 at 7:39 am,
      Matthew says:

      “No you and others are far to smart to ever get it.”

      That’s true, John, you have to be stupid to “get” $5,000 BC.

      • On October 16, 2017 at 7:47 am,
        JohnK says:

        I don’t have to get $5,000 Bitcoin.I already have it. Along with the free Bitcoin Cash and the new token coming in November.
        I would not be afraid to buy in at $5,000. $5,000 could look cheap 5 years from now.
        Just like $400 looked like a lot 4 years ago.
        One Bitcoin ten years from now could represent something we both would consider unrealistic.
        It must drive you crazy having to deal with me and a continuous rising price of Bitcoin.
        I think Big Al should have booted me long ago.

        • On October 16, 2017 at 7:51 am,
          Matthew says:

          “Get” means “understand” in this context. Duh.

          The price of BC appears to be driving YOU crazy. I’ve never had an issue with it. You think I have a problem simply because I tell the truth about its price action. Dumb.

          • On October 16, 2017 at 8:07 am,
            JohnK says:

            Your truth is nothing more than an observation. You don’t get to decide for us the truth.
            We all have our own truth.
            For there is only one truth and that is contained in the words of the Bible,handed down by the All Mighty God.
            You don’t get to be God Mathew.
            I suggest you lobby Big Al to get rid of me.

          • On October 16, 2017 at 8:18 am,
            Matthew says:

            The BC bubble is no different than any past bubble. That’s the truth. Ask god when you see him.

        • On October 16, 2017 at 8:03 am,
          CFS says:

          I believe $5000 for BTC will look cheap for a while; possibly very cheap. I am not sure about the “5 years” though.
          It would not at all surprise me to see BTC reach more than $10,000 before the end of next year. (This is not a prediction, because I am not capable of analyzing price action in BTC from fundamental principles, and because future state actions are difficult to predict.)

          • On October 16, 2017 at 9:17 am,
            Matthew says:

            If $10,000 happens at all, it will probably be before the end of January.

        • On October 16, 2017 at 8:22 am,
          JohnK says:

          Like I said. That is your truth.
          If I see God,I’m sure not going to wasting my time asking about Bitcoin.

          • On October 16, 2017 at 8:24 am,
            Matthew says:

            Don’t worry, it will be your truth too.

          • On October 16, 2017 at 8:27 am,
            JohnK says:

            Hakuna Matata Mathew.

  25. On October 16, 2017 at 5:07 am,
    JohnK says:

    Another thing the Muslims don’t like to talk about. Of course this is the Religion of Peace.


    • On October 16, 2017 at 8:06 am,
      CFS says:

      Where is honor in total misogyny?

      The religion of terrorism against women and infidels.

  26. On October 16, 2017 at 5:14 am,
    JohnK says:

    And of course their is this “WACK JOB” from across the pond.

    • On October 16, 2017 at 8:11 am,
      CFS says:

      May has no common sense and fewer brain cells than the average English swamp creature.

  27. On October 16, 2017 at 5:14 am,
    JohnK says:
    • On October 16, 2017 at 7:17 am,
      bonzo barzini says:

      That’s the hotel for me!

  28. On October 16, 2017 at 7:13 am,
    JohnK says:

    This coming Friday,the American Public is going to see who they really elected.
    Does President Trump soar with Eagles. Or is he another Vulture eating away at the dead carcass of the dying American Dream?

  29. On October 16, 2017 at 7:28 am,
    CFS says:
    • On October 16, 2017 at 7:59 am,
      JohnK says:

      We shall find out Friday what cloth President Trump was cut from.
      Sadly,my gut tells me that is not torn Burlap.
      I hope I’m wrong.

  30. On October 16, 2017 at 11:03 am,
    JohnK says:

    Why doesn’t the government want you to have night vision goggles?

  31. On October 16, 2017 at 11:07 am,
    JohnK says:
  32. On October 16, 2017 at 11:38 am,
    JohnK says: