I don’t see the US sliding into deflation, as much as I see us sliding into a government controlled command economy.  GM is now owned by the government.  We are on the path of having our entire health care system controlled by the government.  All those baby boomers, now receive their monthly suckle from the government.  All those on food stamps and disability are controlled by the government.  When the student loan crisis hits, that will be taken over by the government.  When farms fail this fall and winter because of the drought an lack of hedging (Thanks MF Global!), the government will be there to take control.  Our president has openly stated that small business owners didn’t do it by themselves, implying that they are partly owned by society (the government).

When the government controls your food production, your manufacturing, and your health care, what else is there to control?  I can’t think of any government controlled command economy that has not experienced massive inflation.  It is just too easy to solve any problem by printing more money and handing it out.  We may have to trade our PMs on the black markets, but they are one of the few assets that can make the transition to the “new economy”.       

Hold on to your PMs.

sir, my large position is RIOAF,rio alto gold mining,large mine in Peru,21,000Ha[51,780 acres, has not been well explored,first year of production + 200,000 oz estimated for 2012, second quarter due second week of August,will be a copper mine with gold credits in 3/5 years, do your own diligence,price ~usd 4.36   second one RBY Rubicon Mining, extending their existing shaft,not in production yet, still drill and laying the foundation for a 1500/T/day mill[gold] only,Red Lake near Gold Corp  low price $3.0 ish, good web site,   jasmts

BOTH MINING METHODS HAVE THEIR ADVANTAGES & DISADVANTAGES

When I spoke to Harvey Organ, he told me that Barrick changed the way gold was mined when they switched to OPEN-PIT MINING rather than UNDERGROUND.  Before Barrick came on the scene, the majority of gold mining was done underground.  If we look at South Africa we see that most of their mining was underground.  South Africa produced most of the gold in the world prior to 1980.

Open-pit mining consumes so much more diesel than underground.  Open-pit mining is safer as you don't have to deal with all the problems dealing with mining 1,000-2,000 feet underground.  Underground mining has much less WASTE ORE.

Anyhow... I would imagine underground mining will become more in fashion when liquid fuels become more scarce and expensive.

In one of Jim's recent posts over at jsmineset he mentions a short conversation he once had with Indian avatar (spiritual master) Sai Baba. I can tell you with personal certainty that if Sai Baba saw fit to question Sinclair in this manner, we are truly on the right path and Jim can be trusted. That may seem a bit over the top in analysis, but my father's best friend spent 18 months studying under Sai Baba, and from his amazing accounts I am a believer... there are many paths to God, but universally the Divine Poet values love, selflessness, courage and bravery... often testing our worthiness in ascending to higher realms.

http://www.jsmineset.com/2012/07/20/investors-springfreedom/

PS ~ thank you SRS

2 comments up... http://screwtapefiles.blogspot.com.au/2011/12/london-trader.html including an update in the last comment to the linked thread.

I would add that there is a LOT of black market activity already going on in the US, and the reason is government taxes and regulation.  Ever visit a construction site?  Who is doing all of the framing, roofing and brick laying?  When the truck shows up to install the sod for the law, who makes up the work crew? One of the post offices that I use frequently is in a Hispanic neighborhood.  If I ever go in on Friday afternoon, there are dozens of men there purchasing US Postal Service money orders for cash.  The line is always longer at the post office than it is at the bank.  I am certain that all of this business is done off the books. 

What about the drug trade in the US?  We probably have no idea how large that really is. 

Flea markets?  Farmers markets?  Car wash?  

"Rich Ricci, head of Barclays’ investment bank, has ruled himself out of the running to replace Bob Diamond as chief executive as the troubled bank prepares to announce profits in the region of £1.7bn for the second quarter."

​What next?  Fred Fraudstone, Pyrites Pete and Tommy Tungsten?

In the last thread you suggested that during hard times I would take my cats, slice and dice them, and cook them on a spit.

I just want to set the record straight.

I LOVE MY CATS.   

I have three of them.   

I will NEVER slice and dice and cook my cats. There are plenty of other farm animals to do that to.

Now, back to metals.....

For those without a garden or questioning the outdoor circumstances:

http://www.windowfarms.org/

And a living example:

http://our.windowfarms.org/2010/04/26/our-hydroponic-window-farm-experience/#comment-4112#comment-4112

"How to" instructions included.

Ref TF:  "When I return, I expect the "Main St" thread comments to return to "normal", too. Main Street is where we discuss the metals, the economy and issues dealing with the end of The Great Keynesian Experiment. It is not the place for subjects like Zionist conspiracies and Chemtrails. All are certainly welcome to discuss those items here but it needs to be done in the forums."

I say Alleluia to that. People/Sheeple/Creeple bout time too.Get thee to a forum.

Metals rule to the moon, all-in and beyond! Tired of this 'other' crap.The Eden film was VG though.)))

Big hat tip there S Roche, the screwtape file link is just what we need to guage the reliability of these so called '100% accurate insiders'. The ability to pool information on this site is what makes it so great. As such here's my contribution/expansion, hope it helps;

Record =

Jan 14th 2011 he got the bottom call wrong in Silver by $2 and 10 days

Jan 26th 2011 he got it spot on (news = 2 days before the Suez crisis started)

May 16th 2011 (Silver $34.50) he got it nearly right as price bottomed at $32.60 the next day before recovering (note it got smashed from $49 at beginning of May)

July 18th (Silver $40.55) he got it wrong for Silver as 2 days later it was down $2, though he got it right for Gold

Aug 10th (Silver $39.27) he got it nearly right as price bottomed next day at $38.20 (news Gaddaffi war ongoing defeated on 23rd, US downgrade on the 17th)

Sept 20th (Silver $40.25) HE GOT IT WRONG BIG TIME IN SILVER by calling a bottom at $38 ish. 1 week later Silver was at $$28.71

Oct 20th (Silver $30.30) He got it right for both Gold and Silver (the day Gaddaffi died)

Conclusion for Silver only = he's been spot on correct (within 2 days and $2) for 4 in 7 calls, BUT he's by no means 100% accurate & a $2 error at this point could prove highly expensive for paper traders, so be careful when reading headline claims!

On a brighter note (and this is 100% factual so I don't give 2c's whether you believe me or not), I can assure you that the really rich people ARE swapping bucketfuls of fiat /stocks for physical Gold (probably unallocated but that's irrelevant to the demand that's actually occurring)   

At my company we have an Investment Committee that meets every quarter to decide how to invest our retained earnings.

I find it distasteful to toot my own horn but we have been outperforming the broader markets for decades. Our investment horizon is five to ten years, our most recent investments have been;

Newmont Mining- We narrowed it down to a choice between NEM and GoldCorp and went with NEM for a number of reasons, lower debt and a better track record being two of them.

We also bought some Peabody Coal and added to our Plum Creek Timber.

We reduced our holdings in;

Genuine Parts

Walgreens

I also did this in my personal portfolio. ( My shareholders want me to make plans as if the end is not near.)

Dog

PS- We take delivery of the stock certificates for those companies that still issue them. For those that don't we get letters stating that we own X numbers of shares.

I guess the number of people applauding Turd's stance is about 60 to 30 that find it a pitty that we restrict topics to those being mentioned.

I understand, from a business perspective, why it is done: there are more people thinking positive or main stream, than people thinking doom and gloom  (i would call the latter group realists, but hey that's just me).

What i don't like, is that Turd doesn't take a stance, not once.

I would feel better if he would say "hey guys i don't believe in geo-engineering and alike and for peace-sake discuss it in the forums". 

Leaving it up for debate but still banning it to the shadows of the forum (where very few, if any, read it)  leaves a bitter taste in my mouth, and i know of many here that feel the same. I asked the same question in private email but didn't get an answer......

And i still regret that we don't have a debate, not once, about actual documents. Nay sayers call it bullshit, unbelievable, unreliable, not proven, yet i have yet to see the first one calling me out on links that i posted to. That, i truly find a pity.

http://prudentbear.com/index.php/creditbubblebulletinview?art_id=10687

in case you missed it...Spain not good. (or as a tweet I read on Friday said "In other news, Spain Died")

"where very few, if any, read it" and that is because...?

​I think Turd's approach has more support than you figure. He offers you or anyone else a blog within his blog, (where you can even direct people from Main St), but that's not good enough? Time to re-think your position I would suggest.