Gold and Currencies
James Rickards has some very interesting comments about gold and currencies.
A friend sent me the link to his video interview by the Wall Street Journal.
To watch, click here.
http://www.youtube.com/watch?v=Gbfnh1oVTk0 This is the first ever Rock & Roll song
Ike Turner- Rocket 88, shame on you if you don’t listen! DT
Betcha I heard that tune before you did, Machine Gun!
Big Al
WOW, that is cool, I have always liked Ike Turner but he really is a Bad Boy! DT
GOLD = “The ultimate currency and hence, the ultimate FREEDOM FIGHTER. Silver, too!
Hmmm… firefighters fight fires and crime fighters fight crime, so, do freedom fighters fight freedom? This reminds me of the change from “Dept. of War” to “Dept. of Defense” back in 1949. Calling a spade a spade was fine for 160 years. It wasn’t until foreign policy became a bit more “assertive” or, shall we say, offensive, that the word “defense” had to be brought in, front and center.
Sorry for the tangent. I just think it’s kind of interesting.
Actually Mathew not as much of a diversion as you might think. With Jeff’s help we are going to increase the political side of this show.
Big Al
By the way, Marc, I, and the historical record, totally agree with you. Even the Alan Greenspan of the ’60’s (the beta version) agrees with you.
Actually Marc, it may be a quick one-liner, but that’s a pretty deep quote. Too bad we fighting falling dominoes for the last 50 years instead.
I would have to clarify that by saying, “personal freedom fighter”!
Big Al
OK, Big Al…..yep, fair enough
After being short PM stocks for the last 15 months I am starting to get long.
Please explain your reasoning, har.
Big Al
P.S. I tend to agree with you.
My first in depth exposure the Jim Rickards was this classic from 12/07/10 as he lectured Pentagon brass. As he points out early on obviously because we see it this is the de-classified version….he implicates the classified version….can you imagine what he left out????????
Hard to say Dennis M, but it couldn’t have been good if, in fact, there was another version.
Big Al
Rickards concluding comment in regards to Bernanke:
“The cost of what he did is ten years of no growth.”
If we are lucky!
Gold coin ads pulled, among others: China’s “anti-corruption” measures
http://usa.chinadaily.com.cn/china/2013-02/07/content_16210196.htm
Maybe this is why home prices in Vancouver are holding up; the Chinese are trying get away from; “I am from the government and I am here to help you.”
Dan
Morning impeach,
I would guess that the reasoning behind these ads could very well not be anti gold, but as the story says “to discourage ostentatious giving.
Big Al
Jim has great points, remember however he works very close to the government. I once saw he speak live at Calvary Chapel, Costa Mesa (Chuck Smith’s church)
Morning Bobby,
When you say, “he works very close to the government”, what do you mean?
Big Al
Al, the following was lifted from wikipedia:
In 1981, Rickards was involved in the Iran hostage crisis.[4] As general counsel for the hedge fund Long-Term Capital Management (LTCM),[5][6] he was the principal negotiator in the 1998 bailout of LTCM[7] by the Federal Reserve Bank of New York.
Rickards worked on Wall Street for 35 years.[8] In 2001, he began using his financial expertise to aid the U.S. national security community and the U.S. Department of Defense.[9]
http://en.wikipedia.org/wiki/James_G._Rickards
Many thanks Matthew!
Big Al
He is “one of them g-men”
He is very active on Twitter as @JamesGRickards