KER Politics – Fri 12 Jan, 2018

We can’t be any more explicit about our feelings about President Trump than this editoria.

Click download link to listen on this device: Download Show


Featuring:
Al KorelinJim McKinney

Comments:
  1. On January 12, 2018 at 11:30 am,
    pardu says:

    Big Al, What has happened with Rye Patch? Have they had a stock split or a symbol change?

    • On January 12, 2018 at 12:13 pm,
      Cory says:

      Hey Pardu, Rye Patch announces a rollback of 6.5 to 1 a couple days ago. It came right after commercial production was announced.

      • On January 12, 2018 at 1:10 pm,
        ABig AL says:

        Thanks Cof y

        • On January 12, 2018 at 1:55 pm,
          Mike Folsom says:

          Aren’t “rollbacks” usually a bad sign?

          • On January 12, 2018 at 2:20 pm,
            Excelsior says:

            It depends on the reason for the rollback. If it is due to excessive debt or getting delisted then it is much worse than what Americas Silver did to become listed on the NYSE for example.

            For the shorter term stock splits can put pressure on a stock, but remember that Rye Patch isn’t some fly-by-night Exploration stock that is splitting, they are full-fledged producer now with a huge land package in Nevada (one of the best mining jurisdictions). The knock against Rye Patch for the last year after the Florida Canyon acquisition has been that they have too many shares out to attract most institutional investors. Many said they liked the company but wouldn’t touch it with the higher share count, so the 6.5 to 1 consolidation will clean up their share count and is wise for the longer term valuation picture.

            Personally I like to add or position in companies after the reverse split once the dust settles during “boring” sideways trading. If they are going to do a capital raise right away, then it’s best to let that pass as well. However, as mentioned yesterday, their production output is gradually rising and this will help offset the amount of any money needed for 2018.

            The vast majority of new producers in their first year or two have to raise additional funds, as they ramp and optimize their production, so that would be par for the course. However, the markets will also counter-balancing that against their expected rising production numbers and rising metals prices.

            _______________________________________________________________

            RYE PATCH GOLD ANNOUNCES FLORIDA CANYON Q4 2017 PRODUCTION • 10,470 OUNCES OF GOLD PRODUCED • 4,069 OUNCES OF GOLD PRODUCED IN DECEMBER • COMMERCIAL PRODUCTION ACHIEVED IN DECEMBER

            – Produced 10,470 ounces of gold and 5,447 ounces of silver in Q4;
            – Mined 2,372,000 tons of ore (30 percent above Plan);
            – Crushed 2,291,000 tons of ore (27 percent above Plan);
            – Placed 25,434 ounces of gold on the pad;
            – Maintained a consistent gold grade of 0.011 opt including over liner material; and
            – Realized a stripping ratio of 0.55 which is significantly lower than Plan.
            – Gold production continued its upward trend, increasing 31 percent in Q4 compared to Q3. In December, gold production was 4,069 ounces of gold and 1,996 ounces of silver.
            – Total precious metal production for the fourth quarter was 10,470 ounces of gold and 5,447 ounces of silver.

            “Gold sales benefited from a combination of selling into the forward sales contract and spot price with a realized gold price of $1,278. Silver was sold at spot price during the quarter and realized an average price of $16.65. A total of 9,532 ounces of gold and 6,756 ounces of silver were sold during the quarter.”

            http://ryepatchgold.com/rye-patch-gold-announces-florida-canyon-q4-2017-production-%E2%80%A210470-ounces-of-gold-produced-%E2%80%A24069-ounces-of-gold-produced-in-december-%E2%80%A2commercial-production-achieved-in-dece/

          • On January 12, 2018 at 5:05 pm,
            Big Al says:

            No Mike, not always.

      • On January 12, 2018 at 2:21 pm,
        pardu says:

        What is a rollback?

        • On January 12, 2018 at 2:54 pm,
          CFS says:

          You do understand why the media is calling Trump a racist.

          Schumer, Pelosi, Feinstein and the Democrat party want to pass DACA, not because they care about illegals.
          They want to pass DACA and HAVE more immigrants, because 73% of Mexicans and Central Americans use welfare to some extent. The VAST MAJORITY VOTE DEMOCRAT.
          Thus the Democrat leaders are interested in power; into turning the US into a one-party country, where the Democrats always win.
          You don’t seriously think people like Pelosi care about the country or people. That’s a joke; just look at California, which is collapsing under debt and because they can raise taxes to some extent, people are leaving in the hundreds of thousands.
          Do you want your children educated in public schools where English is a minority language and t?he actual education is terrible?

          Do you think many Republicans in power care more about their country than having cheap labor? Dream on. The US will slowly change into something unrecognisable to our forefathers.

          The more ridicule that can be poured on Trump, the more likely DACA will pass.

          • On January 12, 2018 at 5:08 pm,
            Big Al says:

            Really a great comment, Professor!

        • On January 12, 2018 at 3:52 pm,
          Excelsior says:

          Pardu – a “rollback” is the same thing as a “reverse stock split” which is the same thing as a “share consolidation”.

          On this deal you get 1 share of stock for each 6.5 shares of stock prior to the “rollback”.

          Essentially company will be valued at the exact same place as all that is changing is the number of shares (which are being reduced). Historically if a company has just blown out too many shares, a company will do this for 2 reasons:

          1) to attract new shareholders that prefer a tighter share structure

          2) the ability to more attractively raise capital down the road.

          It is the second reason that concerns current investors, as it would mean more dilution is coming when they do the next capital raise.

          However, this always needs to be counter-balanced with how much good work or progress can be made with the capital that is raised. If it helps Rye Patch further explore their properties to define more resources in the ground at Florida Canyon, Wilco, or Lincoln Hill or if they can increase efficiencies at their Florida Canyon mine, then it will be worth the candle.

          The real problem is when BS Exploration companies do a reverse split, to raise more money to drill their moose pasture, with dreams & marketing of hopefully hitting upon an economic deposit. Only 1 in 3000 targets ever become a profitable mine.

          Clearly we have a different situation here with a producer, that already has a mine with economic projects and is already in production (it is one of the 3000 projects that became a mine). In this case extending the mine life with further exploration, and improving costs & revenues at Florida Canyon will bring more value longer term, than the shorter term dilutive effects of whatever future financing the comes.

          Share consolidations should always be analyzed one at a time. For example last year I did really well on Metanor and Aura Minerals waiting to get into my position until after their share consolidations were completed. Like most of these, the longer term holders bailed with a grumble grumble, and I bought their shares on fire sale.

          The same thing with picking up Jaguar after they came out of credit protection and had rolled back their shares and restructured their balance sheets.

          These are basically periods of time where companies get “rebooted”.

          Another example I just recently got involved with is Equinox Gold (previously Trek Mining who had Luna Gold and JDL Coppers old assets, and NewCastle Gold, and Anfield Gold). All these companies had been destroyed in appropriate value, but all just combined into a new restructured, well-funded, company with a small amount of toll-milling production, but the 2 huge near-term production assets from Luna Gold and Newcastle gold, along with 3 other Copper projects. Now that old investors have been marginalized, and the value destruction and dilution is over, it is much safer to get into the water and ride the appreciation of this new incarnation up into the bull market.

          • On January 12, 2018 at 5:12 pm,
            Big Al says:

            Thanks Excelsior. Good and logical and correct description.

        • On January 12, 2018 at 5:08 pm,
          CFS says:

          A rollback is a reduction of shares outstanding, or a reverse split.

          i.e. In the case of Rye Patch you get 1/6.5 new shares for every one originally issued.
          e.g. if you had 1,000 old shares you get 153 new shares a few cents cash and a bill for $20- $25 from your stockbroker for the paperwork.
          I hate splits, regardless of cause and dump my shares on principle.
          I consider it poor management.
          Likewise for name changes, which I also consider incompetence.

          There are thousands of companies to choose from, I don’t need poor management.
          (And I don’t care if I occasionally throw an odd baby out with the bath-water.)

          • On January 12, 2018 at 5:14 pm,
            Big Al says:

            In the case of RPM Professor, I can’t agree simply because of the original number of shares outstanding. In this case, it is logical to assume that less shares outstanding will result in a higher value for the shareholder.

          • On January 12, 2018 at 7:43 pm,
            CFS says:

            I wonder why there were so many shares out standing!
            I know they are a sponsor company, so I’ll stop there.

            I’m not a Christian, so I don’t have to forgive mistakes.
            (Even if it breaks my belief in the Golden Rule)

            I am a gnostic, as I believe was Jesus Christ, even if we have different attitudes on forgiveness.

  2. On January 12, 2018 at 11:35 am,
    CFS says:

    Given the preponderance of the evidence, how could Jim McKinney not believe Comey was other than biased?

    Given the preponderance of the evidence, how could there not be an investigation into the Clinton Foundation? The Clinton’s should be in Jail already.
    What could be more effective at taking the wind out of the sails of the corrupt swamp?

    • On January 12, 2018 at 11:47 am,
      CFS says:

      If you had not noticed the US Dollar is seriously dropping.

      This is the start of serious inflation in all things: including Gold, Silver, Platinum, Palladium, Oil, Food, everything priced in US Dollars.

      London Prices:

      BID ASK +/- LDN
      GOLD 1,337.35 1,337.65 14.80 19:46
      SILVER 17.210 17.230 0.225 19:46
      PLATINUM 994.0 999.0 15.0 19:46
      PALLADIUM 1,120.0 1,125.0 39.0 19:46

      Note the increases!

      • On January 12, 2018 at 5:18 pm,
        Big Al says:

        Who knows Professor, maybe this is the start of a bull market in gold.

        • On January 12, 2018 at 7:48 pm,
          CFS says:

          As fiat money is devalued, many things will rise.

          I hope precious metals will too, because I certainly hold a lot.

          It would not surprise me, however, if government chooses to invoke a windfall profit tax.
          Caesar has a habit of taking more than his dues.

          • On January 13, 2018 at 10:35 am,
            OOTB Jerry says:

            Caesar is the Central Bank…….

          • On January 14, 2018 at 12:11 pm,
            GH says:

            Interesting one in that article b and you shared the other day, the history of the money changers, the notion that it was they who were really behind Caesar’s death.

    • On January 12, 2018 at 11:52 am,
      bonzo barzini says:

      I hope Trump will not pardon the Clintons, Holder, Lynch, Comey, etc.

      • On January 12, 2018 at 12:22 pm,
        OOTB Jerry says:

        ditto……..give um at least 6 months and stripe the lawyer status…..and all govt benefits.

        • On January 12, 2018 at 12:25 pm,
          OOTB Jerry says:

          strip not stripe…..

          • On January 12, 2018 at 1:10 pm,
            bonzo barzini says:

            Stripe’em with 100 lashes with a bull whip.

      • On January 12, 2018 at 1:13 pm,
        ABig AL says:

        I woud be surprised. BONZO

      • On January 12, 2018 at 1:58 pm,
        Donnie Moder says:

        Would never happen.

        • On January 12, 2018 at 5:20 pm,
          Big Al says:

          I would normally agree with you Donnie, but this situation has all the earmarks of a great political espionage novel.

          I am pretty sure that the end result will make Trump look like a hero.

    • On January 12, 2018 at 5:18 pm,
      Big Al says:

      He may or may not be biased in the direction that you think. Let’s see what the barn looks like when the horses are in it!

  3. On January 12, 2018 at 11:40 am,
    CFS says:

    USA Weekly News Wrap-up

    https://youtu.be/u0c_4sVz-XM

  4. On January 12, 2018 at 11:53 am,
    CFS says:

    In Shanghai: Gold is $1342, Silver is $18.42

    And the intelligent Chinese are not buying US Treasuries anymore. That will kill the dollar. The only question is how fast.

    Just wait until countries demand trade settlement in other than US Dollars as US trade deficit to China hits an all time high.

    • On January 13, 2018 at 11:46 am,
      Big Al says:

      This “House of Cards” called the international economy will stay together simply because it really has to there is no current real and practical alternative.

      You have to agree with that Professor.

  5. On January 12, 2018 at 11:54 am,
    james says:

    It’s a TV Show ! The New World Order is Coming ! Millions will be Dead and it’s Note the Clinton’s ! Al Europe is dead !

    • On January 12, 2018 at 1:15 pm,
      ABig AL says:

      I disagree, Franky

      • On January 12, 2018 at 2:05 pm,
        james says:

        It’s ok . A Bike 1 is coming you will remember ! I know the USA still sleeping And looking TV in Brainwash hepnotice mode you need 6 week of no TV to see and feel free AL ! Reality ! lissen to diss MAN ! https://www.youtube.com/watch?v=xhwBV39uWT0

        • On January 12, 2018 at 2:35 pm,
          james says:

          Diss is a MAST SEE don’t be fold USA ! https://www.youtube.com/watch?v=xhwBV39uWT0

          • On January 12, 2018 at 5:29 pm,
            Big Al says:

            If course Dr. Warner has some great questions to ask and thus give a very thought provoking lecture.

          • On January 13, 2018 at 12:38 am,
            CFS says:

            George Carlin also thought TWO commandments was enough:
            https://www.youtube.com/watch?v=CE8ooMBIyC8&index=11&list=RDk3Zad39QXL4

          • On January 13, 2018 at 10:34 am,
            james says:

            GOD ! Is Not Mocked !

          • On January 13, 2018 at 12:00 pm,
            Big Al says:

            Frankie, you know that I completely agree with you on that one. I found Carlin’s comments about The Ten Commandments to be distasteful. I personally take The Bible very seriously and if I did not my life would not be worth living.

  6. On January 12, 2018 at 11:54 am,
    bonzo barzini says:

    I f Trump has sour cream and chives on his baked potato, I too will have them on mine, for I am the President’s man… and Melania is the greatest first lady ever!

    • On January 12, 2018 at 12:03 pm,
      Ebolan says:

      How can anyone NOT like sour cream and chives on a baked potato?

      • On January 12, 2018 at 12:12 pm,
        Ebolan says:

        Add some bacon bits, too.

        • On January 12, 2018 at 12:21 pm,
          bonzo barzini says:

          Are those kosher bacon bits?

          • On January 12, 2018 at 1:17 pm,
            ABig AL says:

            Kind of like a Kosher pork roast!

        • On January 12, 2018 at 1:16 pm,
          ABig AL says:

          Oh yeah!

          • On January 12, 2018 at 4:47 pm,
            bonzo barzini says:

            Does that mean the pig was blessed by a rabbi?

      • On January 13, 2018 at 3:07 am,
        jhpace1 says:

        Lactose intolerant. You can keep your sour cream & chives, since it will ruin the next 4-12 hours for me.

  7. On January 12, 2018 at 11:59 am,
    CFS says:

    Frank Holmes on Palisade Radio:
    https://www.youtube.com/watch?v=I0JIpV01bGg

  8. On January 12, 2018 at 12:01 pm,
    pardu says:

    Big Al, it is clear to see the hypocrisy of those on the political left and even some on the right, or perhaps better stated, those in the deep state or power seeking swamp when they leave the platitudes and principles that they say they stand for and get down in the mud to destroy someone they hate.

    How many times have politicians, especially the left, pontificated about fairness, truth, free speech, diversity, etc. when defending their own point of view, yet all is tossed out the window when they want to destroy someone they don’t like. Gone is the fairness, truth, willingness to see diversity of those they don’t like etc.

    The bottom line is that it is all about power and who gets to wield it and power corrupts.

    • On January 12, 2018 at 1:20 pm,
      ABig AL says:

      Of course your final paragraph is usually correcthe , but not always.

    • On January 12, 2018 at 4:58 pm,
      Matthew says:

      Your first paragraph is also correct.

  9. On January 12, 2018 at 12:07 pm,
    CFS says:

    Stefan Molyneux on Christian persecution,,,,,

    https://www.youtube.com/watch?v=N-DOE17qZOM

    • On January 12, 2018 at 5:41 pm,
      Big Al says:

      I just asked Cory to post this. Stefan is the new sophisticated George Carlin. Many thanks Professor.

      • On January 12, 2018 at 6:22 pm,
        CFS says:

        It is sad that Carlin died back in 2008, possibly due to drug use over the years, but Molyneux is a conservative who arrived at that position through logical argument and debate.
        I am envious of Stefan’s debating skills and quick mind. (Alas since I lost 20% of my brain I am no longer close, but such is life.)

        I find it so true that the basis of freedom rests on simply two principles:

        Freedom of speech.
        Total adherence to the golden rule.

        From just those two beliefs everything else that is good in life can be logically derived.

      • On January 13, 2018 at 3:51 am,
        Steven Rowlandson says:

        I tend to have a listen to Stefan from time to time. Some times he is in the ball park or close to it.

  10. On January 12, 2018 at 12:12 pm,
    CFS says:

    You must be a redneck if……
    You get banned from Twitter.

  11. On January 12, 2018 at 12:13 pm,
    CFS says:

    You must be a redneck if…….
    You get banned from Facebook.

  12. On January 12, 2018 at 12:14 pm,
    CFS says:

    News they won’t discuss in the Washington Post:

    https://www.youtube.com/watch?v=7scQkcnw9Ng

  13. On January 12, 2018 at 12:17 pm,
    CFS says:

    The latest Corbett Report: (specially for Bob Moriarty)

    https://www.youtube.com/watch?v=qd0Q4EnFN04

  14. On January 12, 2018 at 12:19 pm,
    CFS says:
  15. On January 12, 2018 at 12:27 pm,
    CFS says:

    You remember Seth Rich…….of course.

    But have you forgotten Ron Brown?

    https://youtu.be/1hZJ9tlwHW8?t=65

  16. On January 12, 2018 at 1:29 pm,
    CFS says:

    On a lighter note as we approach the weekend.
    My nomination for the NSA themesong:
    https://www.youtube.com/watch?v=sutu3wuVIcE

  17. On January 12, 2018 at 1:34 pm,
    AJ says:

    There’s No Way Out
    https://www.theatlantic.com/politics/archive/2018/01/no-exit/550391/

    A good recap of this week’s (exhausting) episode

    • On January 12, 2018 at 2:21 pm,
      Silverdollar says:

      AJ:
      Nice to see someone else reads good material……….thanks for the post. On the subject, True, elections have consequences……….maybe his election will cause a few voters to rethink their apathy. However, we must admit there were nothing but bad choices……………Only thing helpful would be a change in the Senate majority. That alone could bring some more balance.

  18. On January 12, 2018 at 2:06 pm,
    Donnie Moder says:

    If you just read the “Dossier” you would see it is a poorly written series of notes which on its face seems completely bogus. But why does Trump so vehemently deny Russian tampering with the election?

    • On January 12, 2018 at 2:39 pm,
      CFS says:

      Trump denies the Russians helped him, not that the Russians, thanks to Hillary, did not interfere…..There is a difference.

  19. On January 12, 2018 at 2:14 pm,
    Silverdollar says:

    The longer this goes on, the more I’m convinced that there was no ‘collusion’, meaning trump and the Russians working together to try and get him elected. Where I do believe he (some of his companies) could have a problem is in money laundering. Read a report today that stated 20% of his condo sales are for cash! (https://www.thedailybeast.com/report-20-of-trumps-us-condos-sold-in-all-cash-transactions?ref=home) Many of the sales are to foreign nationals, Russians included. I believe he has taken the Presidency to new lows but several before him didn’t add much respect to the office either so…………….where do we stand? As a fellow human being, I wouldn’t care to meet the man. Don’t like his conduct with women; don’t care for his narcissistic attitudes; in the long run, I believe he will hurt the country more then help it. JMO

    • On January 12, 2018 at 2:17 pm,
      james says:

      A Dallas show JR is the Winner ? Silver dollar ?

    • On January 12, 2018 at 8:03 pm,
      CFS says:

      I wonder if Trump will hurt the country.
      I suspect he cares more for America than 99% of the politicians in Congress.

      I know he is much better than Hillary or Obama.
      I suspect he is portrayed in the media in as bad as possible a Light.
      I know he is mis-quoted and has statements taken out of context.
      I find many times that I have to go and find what he actually said, and simply not trust what was reported that he said.

      I wonder if he said he would sign ANY immigrant bill, or whether he placed conditional clauses on his statement.
      That statement (that he would sign any immigrant bill) is certainly totally inconsistent with his campaign statements.
      He has done everything so far that he believes is best for America.

      • On January 13, 2018 at 3:57 am,
        Steven Rowlandson says:

        Trump has a problem with enemy recognition close to home. Not sure if it is due to brainwashing or fear but it stands in the way of fundamental reform within the nation.

  20. On January 12, 2018 at 3:36 pm,
    CFS says:

    This is why Pacifist Ron Paul is wrong about the Middle East:

    http://podbay.fm/show/589864479/e/1515646825?autostart=1

    China to Iran to insurgents: military sales.

    • On January 12, 2018 at 4:55 pm,
      Matthew says:

      Because RP is sane you think he’s a pacifist? You clearly do not get him or where he’s coming from. He simply has done his homework and has a handle on things that the majority will never understand.

      • On January 12, 2018 at 8:06 pm,
        CFS says:

        Ron Paul is a libertarian non-interventionist.

        How do you define a pacifist?

        • On January 12, 2018 at 9:14 pm,
          Matthew says:

          Pacifists are against all violence whereas libertarians are against violence that is not justified — like attacking those who have not attacked you first.

          “Preemptive” violence is just criminal.

  21. On January 12, 2018 at 3:41 pm,
    CFS says:

    The domino theory for Asia is now in effect.

    (Which was the reason we fought the Korean and Vietnam wars. We may not have fought them correctly, we may have done better by being friendly, but don’t forget China’s desires in Africa, in the Middle East, in S. America.

    • On January 14, 2018 at 12:22 pm,
      GH says:

      Desires and ambitions are fine, as long as one does not engage in criminal or unethical behavior in their pursuit.

      I greatly prefer China’s mercantilist approach versus America’s military approach.

      Though I don’t think a world dominated by China is any more desirable than one dominated by Ziomerica.

  22. On January 12, 2018 at 4:50 pm,
    Ebolan says:

    You boys see this? Everyone paying attention to the Koreas but most people are not aware of the Pakis and Indies going at it and they got nukes…

    http://www.firstpost.com/india/indian-army-killed-138-pakistani-soldiers-in-2017-in-tactical-ops-and-retaliatory-cross-border-firings-4296513.html

    • On January 12, 2018 at 6:09 pm,
      CFS says:

      Worse than the Pakistanis getting nukes, they have most probably been transferring rocket/nuke technology to Iran for oil.

  23. On January 12, 2018 at 6:07 pm,
    CFS says:

    A different Catherine Austin Fitts interview, but most interesting:

    https://www.youtube.com/watch?v=6LXunw2TF_o

  24. On January 12, 2018 at 6:40 pm,
    CFS says:

    An interview with Craig Hemke:

    https://www.youtube.com/watch?v=ucmwKwyxKaI

    (Alas, Craig forgets to include delayed reaction times to economical effects.)
    Watch out for over-printing fiat >>>>>>>>> inflation

    • On January 13, 2018 at 10:37 am,
      OOTB Jerry says:

      Inflation has NEVER stopped…………..

  25. On January 13, 2018 at 9:13 am,
    Dennis M. O'Neil says:

    Q says, “This is the calm before the storm.”

    TCBTS

    • On January 13, 2018 at 12:16 pm,
      Big Al says:

      We have all been saying that for a long time Dennis and the storm has not broken yet!

  26. On January 14, 2018 at 12:06 pm,
    GH says:

    I do believe there are good people at the agencies like the FBI, CIA, NSA, etc.

    There are also a lot of scumbags. To propose that the vast majority are supporting our constitutional republic is absurd. Tell me that when the NSA stops violating my rights every moment of every day. When there is some honesty and justice regarding 9/11. When the CIA stops illegally propagandizing (e.g. Udo Ulfkotte). Etc.

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