Compilation of Comments

Jim Rogers’ Warning: Riots Coming To America (GLD, SLV, TZA, AGQ, SDS)

http://etfdailynews.com/2012/05/02/jim-rogers-warning-riots-coming-to-am...

even the fool western doctors will tell u a coupla beers/day is good for you man.

http://www.marketwatch.com/story/ron-paul-taking-end-fed-bill-before-pan...

Rain

Thanks Admin! 

And it is a beautiful morning here too.  Except half the time when I try to preview my comment, it vanishes, and so does my cursor on the comment section.  Need to reload the site to get it back.  I am sure this is not a problem for some people.  But now I can express my frustration all too well, thanks to IO7:

Hammer - I followed your advice and read the write up at the end of  THE speech to the Fed.  I thought it worth quoting his concluding remarks.  Relevant to the discussions that have been heating up around here:

My experience at the Fed points out the importance of intellectual debate and study. Clearly, the economists whom I met at the Fed were brought up in an intellectual tunnel, where they had no exposure to Austrian economic theory. They read and study within a limited range of writers. But they were very curious about my view.

One economist asked me how I knew the housing market was going to crash. I responded that because of Austrian theory, I understood that money created by the Fed enters the economy at specific points and that it was obvious the housing market was one of the those points. I told him that I also knew that this would eventually result in price inflation (as the money spread through the economy) and that at that point the Fed would slow printing and the housing market would collapse, which is just what occurred.

If you set a firecracker under them, like with the speech I gave, and then treat them with respect while discussing their opposing views and lighten things up a bit after the firecracker has gone off, perhaps some impact will be made to the tunnel thinking that they have been exposed to their entire professional life. Even more important, hopefully my speech will help budding students to understand that the Fed propaganda machine claims lots of justifications for their money-printing machines that when looked at closely can not be justified. The greater the number who understand the failures of Fed thinking and operations, the closer we will be to ending the Fed.I suspect that at the top of the Fed, there are some very evil types who understand that the game is to protect the banksters, but I don't think that is the view held by the outer ring. They have been brought up in the system, and they don't ask questions that threaten their pay checks (it wasmost difficult impossible to get the economists to discuss any of the erratic moves made by Bernanke) and work developing models within the twisted Keynesian model.

http://www.guardian.co.uk/world/video/2009/feb/11/zimbabwe-gold-panning-starvation-food

IS7 dear friend, what have you done? Unleashed the most annoying thing on the site. Xty, dear friend,  you are an accomplice. Give me a troll any day over these spawns of the ADHD Satan. Please stop the spread. Mods help!

http://www.silverbearcafe.com/private/12.10/downloads.html

Great FREE helpful info.

I thought of that video after Mungers' comments on gold.    

Good morning.

Many banks I go in I come up absolutely empty-handed.  But like everything else in life, if you build relationships, you have a better chance of success.  I recently drove from Liberty Texas to Houston on surface streets and on a lark stopped at every bank (about 15) I passed.  I got 2-40% pieces at the first place and that was it.  Kinda boring actually but broke up the drive.

At one BofA branch, the teller is middle-eastern immigrant.  She doesn't know or care about 90% and 40% junk.  She thinks its funny that I come in in my bucket hat and slouchy shorts and so she "saves me" what she finds during the week. 

I have to go get cash at my local neighborhood bank for today's gun show (hey, its Texas) and it takes 3 seconds to ask if they have any .50.  Last week in Tomball TX went to pawn shop, bank next door had $11. worth, but nothing I needed.  Pawn shop had  one tube of eagles they were asking $850 for (!)

Its just a fun and economical way to stack in between trips to LCS.  Maybe we should start a forum and post what we find.  Yesterday was 1969 x1.  Earlier this year got a whole roll of 1964, bank-rolled, unopened, untouched.  The gambler in me enjoys the search.  My life really isnt as boring as this post may make it sound!

and I'm not out to offend anyone, and I'm not a troll, but morale seems down around here, so if I can embed this right, perhaps this will make someone smile.  It makes me smile.

Again, no offense to the unemployed, or any actual bums who may be lurking this am.

wow 17,000+ reads and 9 pages of comments!  i am not sure if those are records but volume is picking up.  the message is getting out.  if the volume here is an indication of the interest in the PM market, volume and price volatility are sure to follow.  stick to your plans/programs  do not over extend yourselves.  price moves (daily high and lows) tend to get larger at the start (and end) of a move.  don't be punched out of you position for lack of fiat (you can't trade with no money).  this goes for stackers too.  you do not want to dump all your fiat into PM's just to liquidate (at low no doubt) here and there to cover expenses.  we have all seen how long a market can be irrational.  good luck to all this next week, stack.

Lumpy - Strange that you posted that sad video. I saw that a while ago and it prompted me to research the descent into madness. Awful. Toddler eating a rat next to millions of acres of tremendously fertile land. Marxism did that. Cultural Marxism internationally and Economic Marxism domestically.

Rhodesia was once known as The Breadbasket of Africa.

and

With immigration such a hot topic (as Sarkozy pretends to value French Culture whilst wooing LePen's Frenchmen) in the French Elections, here's an old classic (this archive site http://archive.org is awesome, BTW - I suggest searching it for any type of old book or radio broadcast, etc.):

http://archive.org/stream/CampOfTheSaints/Camp_of_the_Saints#page/n0/mode/2up

"Listen. You and this house, you're both the same. You look like you've both been around here for a thousand years."..."Since 1673, to be exact," the old gentleman answered, smiling for the first time..."Three centuries, father to son. And always so sure of yourselves, so damn sure of everything. Man, that's sick! Like this village of yours, with its twenty generations of ancestors just like you. Twenty generations without a conscience, without a heart. What a family tree! And now here you are, the last, perfect branch. Because you are, you're perfect. And that's why I hate you. That's why I'm going to bring them here, tomorrow. The grubbiest ones in the bunch. Here, to your house. You're nothing to them, you and all you stand for. Your world doesn't mean a thing. They won't even try to understand it. They'll be tired, man. Tired and cold. And they'll build a fire with your big wooden door...All your things will lose their meaning. Your meaning, man... Yes, it's going to be tremendous! So go on, beat it. Fuck off!"
"One last question. When they go smashing everything to bits, they won't know any better. But why you?"
"Why? Because I've learned to hate all this. Because the conscience of the world makes me hate all this, that's why. Now fuck off!
"If you insist. There's really no point in staying. You're not making very much sense. I'm sure you have an excellent brain, but I do think it's been a trifle muddled. Someone has done a fine job. Well now, I'll be on my way. Just let me get my hat."

The old gentleman stepped inside. He came out a moment later with a shotgun.

"What's that for?" the young man asked..."

I like those stone closers (in horses, as in all things, the fundamentals will out).  And I like Kent Desormeaux.  It's money.  

I do like reading you guys, ("short on meat..." ;-) and the wonderful thing about open conversation is that (and I hope you don't mind) one can jump into the fray...

"ClinkinKY - You won't like this one, I'll bet. There is one group from the left so damn confused that 1) I love them, and 2) they are out there getting rowdy doing the work that should be done by rowdy right wingers. They go break shit when the IMF or World Bank, or UN come to town. Now, they're efforts are futile (the American left is really just petulant little shits, not like real Leftist Partisans in Europe), BUT they're acting against what, by all rights, should be OUR target."

I hope when re-reading your own words, GMBT (Grand Mayor of BarterTown) you more fully understand why I suggest to you to abandon the rallying cries of "Come Left with me!" and "This is the Right way!".  There are some on the "left" who are your friends, and many on the "right" who are not, and if we persist in discourse under the framework pushed at us through MOPE by TPTB who rule the EE, we march willingly  to our own slavery.

But, if you look at things from a slightly different angle - freedom and liberty versus control and coercion - things fall into place much better.

The, ahem, "right kind" of lefties can first understand and later support "libertarianism" fairly easily, if we just clarify for them what visions are actually in competition here.  The other kind might be good for something - well marbled, I suspect ;-)

Bastiat understood it well, and long ago... no lefty can read the first few pages of that and not empathize with Bastiat's message.

There is a lot of re-education to do, but, fortunately, we have the Internet.  Keep on finding lefties who (deep down) are actually your friends!  Many have merely been confused by the MOPE.  Try to get them to stop voting for Obama, and start to understand that their best candidate is Ron Paul!  Left/right/left/right is the march to slavery.  Ah, "freedom"... first hit on youtube...