Holiday Treat: A Guest Post Trifecta from "Xty"

One of our most prolific writers/members is "Xty". Even though she's Canadian, she submits these three guest posts for your reading pleasure on this American holiday.

"You Call That a F’ing BBQ?"

Our gracious host asked me the other day if I would like to write a guest post.  Qui moi?  Have an opinion? 

And so I thought of all the things that are important to say ... Gold doesn’t change in value, everything else is volatile ... The importance of optimism to survival .... Being raised by a disciple of John Stuart Mill and how and why I believe in the possible improvement of mankind, despite current evidence to the contrary ...  The importance of spreading a message about sound money without alienating one’s audience ....

And then I thought about what other people might like to talk about ... and then I remembered that the lamb shoulder needed at least 4 hours in the oven before I could even think about making curry with it and then it hit me.

One of my first forays into the comment section on an internet blog was when I was looking up (because being dyslexic is a gift that never stops giving) the order in which to build the layers of a lasagna and found a site called “Cooking for Engineers”.  What could be more appropriate, given that that was exactly what I was doing, having married one.  Helpful pictures, good tips, laid out nicely and logically (as only an engineer would).  And then I hit the comments.  The pictured lasagna had been made with a red tomato sauce, as was mine ... and one of the first comments basically said, “You call that a f’ing lasagna?”  I think because they had (or hadn’t) added cream to the meat sauce.

So with that in mind, I thought it might be good to start a food-fight by asking who has the best summer barbecue recipe, and letting rip with what I would like to call:

You call that a f’ing BBQ?

After all, whether this summer is an endless game of Kick-the-Can instead of either the beginning of the Great Horror as some believe or the beginning of the Great Awakening as others hope, we all gotta eat.  And maybe even our neighbours, gently marinated, and then roasted over an open flame, if the worst of the doomers’ visions come to pass.  But at least we will know how to season them.

Xty

________________________________________________________________________

"Why we can’t predict the future, and why it will probably be better than we expect, once again."

I had a very interesting professor in 4th year, whom I could really have used when I was about 8.  For one, he taught me (at that late date) that everyone had an axe to grind, even in the dullest academic work, and that one must read the introduction and try to understand where the author was coming from before one tried to understand the words he or she had written in the main text.  Even me.*

The second thing he taught me that has greatly influenced me I initially fought against.  He explained how it was not possible to invent something that was ‘needed’.   I was writing an essay (that now seems so appropriate) on the creation of the first police force in London, which rose out of an enormous increase in crime in the late 1700’s and early 1800’s.  But when I said something about them needing a police force (forgive me, I was but a babe in the woods) he said they couldn’t need something they had never heard of or thought of.  They had a problem, and they tried various things out, and the night watchman somewhat organically grew into the Bow Street runners, and then bam, bobbies on every corner.  Sort of.

Why does this matter?  Because, as my beloved Russ Roberts also has brought up in a number of podcasts, we never expect inventions and we only see them filing a need that we then make pre-date the invention.  When oil first was found, it was a disaster.  Hideous muck rising from the ground.  Now we think we can’t live without it.  There are countless examples of the unexpected having an enormous future impact, for good or ill, that simply could not have been anticipated in anyway, but that seem obvious in hindsight as we cast a present ‘need’ onto the past.

But perpetuity is one heck of a long time, and we simply are unable to understand the future implications of technology.  When the computer first appeared, no one thought that a personal computer was in anyway possible or useful.  When Al Gore invented the internet, people were looking for better ways to communicate within organizations.  They did not envision the internet being in the hands of the common man, or it becoming the World Wide Web.  Gutenberg was looking for a faster and cheaper way to print.  He was not trying to revolutionize Martin Luther or give him a pulpit.

Because of this tendency to only be able to cast the past onto the future, we live in fear of the future.  We see the pitfalls of the past and the inventions of the past but for some reason we do not believe that ingenuity will once again alter the course of man’s path and once again increase both life expectancy and quality of life for most of mankind.

Why would one believe that all the good people were in the past and not in the now or the future?  Are there not a lot of engineers in this crowd?  Are you not constantly solving problems that appeared impossible a short while ago?  There are 7 billion people on this planet, and many of them are very clever.  A company in the States started putting out cash prizes for problems they were having trouble solving internally and not only found solutions from the great unwashed, the solutions often came from people well outside the specific field that the problem lay in.

We will not recognize the ‘next big thing’, like the internal combustion engine or flight or the internet.  But it will happen, and we will be scornful of its power at first.  So why am I an optimist?  Because life has been getting better for the lower levels of society for 3000 years as the rich and powerful have had to share their information and in this case, the trend really is your friend.  The information genie has escaped the bottle and it won’t go back in. 

What we ‘need’ to do is remember while we are worrying that the future will be just like the past that it won’t be in ways we cannot even begin to imagine, and that what we really need to do is live in the now so we can help create that better future.

* I mean both that even I had to read the introduction, and that I would have an axe to grind when I wrote.  My axe:  I am seeing the end of the Keynesian experiment, and not only do I want to let people know so they can prepare, but I want people to see what all this debt has created and that it is not good, and to try to see what might have been without it, and what can still be achieved, when we understand that sound money is a precursor to honest government, and that we are not powerless victims of the elite.

Xty

________________________________________________________________________

What Can I Teach My Children?

This heart-felt question was asked the other day on the blog, in the context of seemingly endless corruption, and is deserving of a heart-felt answer. 

I was lucky enough to get to homeschool my children when they were little, and I remember my eldest asking me one day when she was 8 or so, when she could go to school with the other kids.  I had thought about this, not being a fanatic home-schooler, more an anti-schooler if anything, and my answer was “When I think you know right from wrong.”  I didn’t mean it, and she didn’t take it, as meaning when you can follow the rules.  I meant when she would be safe making her own choices without a parent nearby.

She went to school for our Grade 5, so when she was 10.  She had just gotten her black belt the May before.  We had been sailing and camping.  Had traveled with my mum, who now is but a shadow of her former self.  Been towed through the woods on a toboggan by a mum on skis, helped her brothers and tormented them.  Sailed with her grandparents and her dad in the Caribbean.

When she was 5 she was watching me replace a board on a chair at the cottage (I am inept, it was a simple task) and she hammered in a nail and it went in pretty darn well for a five year old.  She looked up at me and said, “That’s it, I’m moving out and getting married.” 

I hope this doesn’t sound like boasting ... These are just the things that seemed more and more important to us.  How to hammer in a nail, how to tie a knot.

Once the kids started in at school, I was prepared and not prepared for the amount of nonsense and busy-work that accompanied it, and the subtle and not so subtle brain-washing.

When my youngest reached Grade 5, someone (and I didn’t bother to find out who) introduced a ‘media’ segment to the curriculum and the kids were sent home with a newspaper article and questions.  The first one was an insanely biased piece of anti-Jewish propaganda (and really, I can see both sides of this issue and am just explaining what happened) and was highly inappropriate, and gruesome.  What purpose did filling the heads of these young children with those images and incorrect facts serve?  Lucky kids though, they had me, and I spoke to the teacher and she let me provide the articles and questions for the rest of the year.

But this was quite the responsibility and I decided that I wanted these kids to want to become scientists and engineers and not lawyers or politicians (bankers weren’t on the radar properly yet).  I found articles about nature and space and geology ... Things you want them to be thinking about and things they can do something about.  To steal from Dr. Stephen Covey, you need to work on your circle of influence so it can expand into your circle of concern.  Worrying about starving Africans or corrupt bankers is only to be done when there is a chance of taking action.

Talk to them about economics, but in theory.  Talk about “I Pencil”, about two guys on an island, one who can make beer and one who can make suits. 

Teach your children age appropriate things.  When they are younger teach them skills and logic.  How to pee in the woods and sleep in a tent.  How to cook, and read.  But don’t teach them politics and fill them with our adult worries and stupidities.

I grew up in the shadow of The Bay of (flying) Pigs, the endless cold war and nuclear armageddon, the Vietnam War, students shot in Kent State, the fall of the Soviet Empire; we were all going to freeze to death and then boil to death if we didn’t drown first.  Of what use was any of this to a five year old?  Or a ten year old?  Hide under your desk if there is a nuclear attack!  Now go enjoy recess and don’t fight.

If these things are to come to pass, we will need serious practical skills.  But most of the things the adults are freaking out about don’t happen, and being paralyzed by the over-whelming despair of older folks is a poor way to spend a childhood and poor preparation for the joys and trials of adult responsibility.

We talk about how the MSM uses MOPE to control other people, as if we on this site were immune.  But we are also caught up in a fairly constant mode of fear, which I do not feel is entirely accidental.

Everything we do is a choice, and when one starts spreading fear and disillusionment to one’s children, one begins to question what one is up to.  So teach them to be grateful to be alive and to try to make others feel the same way; teach them not to waste a day being a grumpy little shit when they are so lucky (sorry, just had to get that off my chest); teach them how to tie a knot, hammer in a nail, do a spinning round-house and land a solid punch.

And to remember that, in my eldest’s immortal words, karma is a bitch.

Xty

253 Comments

MrGuboci's picture

!

Furst !!

Left Field's picture

Wonderful. Thanks from me and for my girls

My young daughters ask me why they have to work in the garden and on the rentals for the money they get. Their friends have nice phones. Mine wants one and doesn't understand why I don't just give give.

but working in the garden today she lost the ring we bought on a visit to the LCS last week. We looked at all the ancient coins and talked about what money is, then we bought a few silver rounds at a huge premium (5 over spot).

And,  I did get a big hug when I found the ring in the mulch. So a small signal there that exposure to work and ideas is having the desired educational effect.

i took them out of school for three months this year to travel and they learned far more in the world than they would have in class. I don't think all the skills they will need will be learned  from our local school.

Xty, I love your posts. Thank you for telling your story of skill building with your children.

I hope our kids become the problem solvers  and not victims of problems.

seed

California Lawyer's picture

Fantastic Insights, XTY

I don't know why I am still up.  Found this new post, and read it with joy.  Thank you for sharing your classic wisdom.  You have a real gift.  I wanted to personally let you know that your comments over the past years are remarkably profound and I am better because I have read them.  Have a great holiday, eh!

donnojackshit's picture

Living in the moment!

For us Gemini, this is what we are constantly trying to achieve.

Regretting the past and fretting the future is our curse.

dolphindude's picture

Brokers in Canada that offer direct registration of stocks

I don't know if this has been discussed in previous posts, so forgive me if it has. After being fed a lot of confusing BS, I finally got an RBC Domionion Securities advisor to tell me that my stocks are registered in "street name" Does anyone know of any brokers in Canada offering direct registration of stocks.

Excalibur's picture

Timeless wisdom that is a

Timeless wisdom that is a guide to help people share love and humanity, even though the surrounding conditions may be ugly and difficult.

What is in the heart is the true measure of wealth.

philipat's picture

Top Ten

Magnificent 7. Dedicated to the Asian time zone night watch.

lamare's picture

Snowden to go to Germany?

Very interesting developments are going on in Germany on the Snowden saga. The Germans are really, really, really not amused that the US has been spying on German soil, most notably the big internet hub in Frankfurt. Of course, the Germans remember the "stazi" period very well, so all of this is really feels to them as a severe attack on their privacy and sovereignty. And since there is an election coming up in september, the stakes are high.

What you can read in the international media at this moment, is that Germany will not grant Snowden asylum, because he needs to be on German soil before he can apply for asylum. So, here's plan B.

Snowden can be seen as a witness to a crime committed on German soil, the spying on German citizen, which goes against their constitution, which the Germans hold very dear. Now since he is a witness, German law enforcement could get him to Germany as a witness under witness protection. And this is what is being called for by a/o Sigmar Gabriel, chairman of the SPD, the German labour party (quick&dirty translation):

http://www.spiegel.de/politik/deutschland/gabriel-fordert-ermittlungen-gegen-nsa-chef-a-909329.html

Berlin - SPD leader Sigmar Gabriel called upon the Federal Prosecutor to initiate investigations against officials of the intelligence services involved with the spying affair around the US secret service NSA. "It is an attack on fundamental rights protected by the Constitution," Gabriel told SPIEGEL ONLINE. "I think it would be appropriate if the Attorney exerts a case against the leaders of the American and British intelligence services." When in doubt, investigations against the "German accomplices" should also take place, said the chairman of the SPD.
 
Gabriel appealed to the German judiciary to quickly contact the NSA whistleblower Edward Snowden. "The first step must be, however, that the Attorney General will travel to Moscow to be hear Mr. Snowden as a witness", Gabriel said. "And if she has the impression that he is a reliable witness, you have to consider whether he should be included in a witness protection program."
 

Another proponent of getting Snowden to Germany as a witness is Peter Gauweiler, some of you may remember as being one of the guys who filed a lawsuit at the German Constitutional Court some time ago about the ESM "bail out" treaty:

http://www.sueddeutsche.de/politik/gauweiler-will-snowden-nach-deutschland-holen-der-mann-ist-ein-zentrales-beweismittel-1.1711736

Edward Snowden will not recieve refuge in Germany. He could nonetheless enter [Germany] safely, thanks to criminal law, Peter Gauweiler thinks. The CSU deputies calls for a trick: The German Justice should summon the whistleblower as a witness - the hands of the politicians would then be tied.

That would be a neat trick, indeed. Then Frau Merkel can say: "No, no, we're not granting him asylum because he's not on German soil, we already said that. It's only the German Justice who wants to get him here as a witness in a criminal investigation about infringements on our constitution performed on our soil. So, that is just temporary, nothing to worry about. And since our Justice apparatus is separated from politics, I can't do anything about it. I'm terribly sorry, my hands are tied." 

Of course, should he actually BE in Germany, he can "properly" file a request for asylum. 

Spartacus Rex's picture

Thanks Xty

"GLS" (grumpy little sh*ts) LOL good one!

tmosley's picture

Wow, the Turd is up early, or

Wow, the Turd is up early, or late.

Excellent set of posts, xty.

Silverwing's picture

something is terribly wrong

Who will be valiant for justice sake?

Edward Snowden made a conscious decision to expose a massive, draconian system of spying on American citizens that he believed is violating the rights of every American. He could not reconcile his responsibilities under the executive order in which he was working with his knowledge as an American citizen himself. He made a conscience decision to fall on the side of the fence for the American citizen.  Is anyone coming to his aid?  Who will be valiant for justice sake?

A solution exists

Amid all of the drama that exists pertaining to where Edward Snowden will likely end up, there is a simple, viable solution that would benefit all involved that no one seems to be talking about - perhaps for good reason. As it stands today, should Snowden return to the United States, he would not be permitted the same rights as any other citizen under the U.S. Constitution to have an open and fair trial or answer the charges against him based on the “contract” he signed for his clearance. In reality, he could, and likely would, be tossed in prison indefinitely, denied access to legal counsel, and denied all of the normal and customary rights granted to American citizens accused of a crime. He would have less rights than murderers and most terrorists, and the proceedings against him could, and likely would, take place well outside of the purview of American citizens.

All of this could be avoided while still forcing him to answer the charges against him. With the stroke of a pen, the President could simply sign an order that would allow Mr. Snowden to return to the United States and be subjected to be tried in the American criminal justice system, in open court, in a manner consistent with the Constitution of the United States that would afford him the normal judicial and constitutional protections as an American citizen.

Knowing this, perhaps the appropriate question that no one is asking, is what is this administration afraid of by allowing this case to proceed in this manner? Are the risks of multiple international incidents more palatable or easily manageable than a system of transparent judicial process? If so, something is terribly wrong.

http://canadafreepress.com/index.php/article/56303

SW

Byzantium's picture

Optimism vs pessimism

Kudos Xty for the post!

Of the many topics presented, I latch onto the one on optimism vs pessimism. This isn't to you in particular, but prompted by your article for sure.

I am definitely in the Mr Fix camp, but I do not write this post to explain or justify that, but rather to describe how I choose deal with it. 

On Green Lantern's recent article, I asked the question, if somebody ten years from now, was to write an article 'What did Turdville overlook?' I actually had in mind, what if we indeed overlooked how much life the current system had left in it, and how long it actually takes for the globally leading empire to demise.

On Argentus' thread, I recently described how I deal with this uncertainty in terms of my financial affairs specifically. I wish to detach myself from needing to know if and when a grand reset will occur. Therefore, I split my money approx half-half. Half is a core stack, while half is for trading. The trading part presupposes that this system will last forever, and plays the market accordingly; ignore fundamentals, pay heed to technicals, assume ongoing cartel power, and played largely on the short side. If and when the system collapses, cue those PMs that are my insurance.

Essentially, whether the current system ends tomorrow, or never in my lifetime, I plan to thrive within it, and if it does end, I am ready for that too from the moment that it hits. I am not positioned just for one scenario, but for both, as I am sure that many of us are. The essential point of interest, is that there is less need and less emotional pressure to obsess about when when when, and instead, just go with the flow, and to be positioned for all financial outcomes.

Because too there is usually a 'short' flavour to my trading style, I am spared the emotional pain of these price cascades. I am usually left wishing that the price would go just that little bit lower, so that I can conclude my desired trade.

In a way, this might be deemed very mercenary, but if you truly believe in a Mr Fixian type of outcome, then you have to survive that expectation somehow, in a way that once some key preparations have been made, thereafter involves enjoyment of the here and now, as though the system will just keep on going on. Because you never know, it just might!  ;-) 

Howard Roark's picture

Nice post(s)

Xty,

The three parts of the post are connected, but the last one is especial to me as a teacher. It´s a fact that school can be a mindfucking (on a serious level, a philosophical one) experience. As a teacher, I respect the parents and above all the students.

I don´t deny that being a "piece" in the system that represents a challenge to my work and to my sense of freedom and conscience (and the students, of course), but speaking from my experience in Portugal (with no history of home-schooling), school here still represents the only way a large part of the people can learn basic skills and fundamental knowledge. That´s why I try to put some "sand on the wheels". As a philosophy teacher I try to promote the confidence in ones reason to understand the world through a critical insight of the knowledge available through school. So I´ve been critical among colleagues with the way some of them feed their students not with knowledge but ideology (the case You mentioned about the newspaper article is a classic). 

I just wanted to give some hope to parents out there in the community. There are problems and risks but be there, be active parents, inquisitive to schools and teachers (especially the Deans!) and the risks of mindfucking (again seriously, philosophically speaking) reduce a lot. 

In the name of freedom and the dignity of your youngsters.

Salut to all citizens of US of A.

HR

p.s. - the term "mindfuck" can be understanded philosophically in the book "MindFuck" from Colin McGinn.

SilverSurfers's picture

Good Posts!

yeah, be your great big beautiful bad self, you go girl, lay it on me!

BHO does not support terrorism, he is just a weak minded totalitarian fascist racist panderer in over his head, with no clue how to lead or take a stand, but damn, he is one heck of a vacationing campaigning socialist. Oh, and his wife wears great outfits to go along with the great smile, eh? Happy Freedom day celebration everyone, let the fireworks begin!!!

BHO Proposes New US National Flag!!!

President Ombama this day from the Red Room announced plans to introduce, by constitutional amendment, the adoption of a new national US flag. The new US national flag will replace the fifty stars in the field of blue with one very large star. The president was quoted as saying, "I promised hope and change, and in furtherance of national health care, and reflecting the modern times, it is appropriate to have a new national flag. Lets be honest, republicanism is a dying notion across the nation, as well as in the congress." ---(a noticeable grin was photo taken, and shall appear in this Sunday's edition of the New York Times) ---

The president went on to say that, he did not get the idea from the Bonnie Blue Flag, though he loves the jingle when in public, but rather from the Soviet Battle Flag of the Red Armor Divisions at the Battle of Kharov, Ukraine, and how impressed he was with their glorious victory, during the great patriotic war. Kharov has long been designated a hero city by the soviet Politburo, and that, our nation deserved like honor and respect. The president further indicated he would be meeting with the NV land swindler and the CA medusa later in the day to present his proposed verbiage for the bill, to be swallowed by congress, lock, stock and barrow, in back-room dealings, rammed rod style, by his two comrades, the three collectively known as the three-headed Gadhora of Greek mythology in republican circles.

The president indicated there is little difference between constitutional plenary power and totalitarian rule, and in this modern era of cow-towing to the KGB boys, now serving at the Kremlin, that it is a fitting and proper thing to do, to cement world peace and understanding under the exclusive rule of the UN. The two lap dogs, of course, seemed more than willing, and appeared joyous and besides themselves, panting hard, more than willing to do the deed, while presenting in public, their loyalty to the country, with a Zieg Heil to the chief.

I personally have been to Kharkov, just after the fall of the soviet union, predicted by me two years in advance while the CIA was asleep at the switch, under Clinton's watch, or unwatch, or whatever. And yes they do have many war monuments in that HERO CITY. I personally saw the glorious economic results of the totalitarian socialistic fascist rule of the politburo, also totting the extreme wonderful benefits of centralized control, and I can easily project the MONTEROUS gains in humanity here in the US. With the republic trashed by plenary power, and, the culmination in totalitarian socialistic fascist rule from DC these days, the president is absolutely left-on with his proposed change in the national banner. But he, of course did not go far enough. Perhaps the national anthem could be changed to "Gosudarstvenny Gimn Rossiyskoy Federatsii", as there is always the prospect of "Hope and Change".

I'm not sure I like that sound of the classic tune, parusski is a tongue twister, for sure, but Rosy ODonnel can give it go, if she likes. I think I will stick with The Star Spangle Banner, be it soon to have only one star, and of course, my personal banner of choice, the Bonnie Blue Flag, respecting states' rights, as in AZ these days, how dare AZ defend itself without Federal Approval.

argentus maximus's picture

Well done Xty! I especially

Well done Xty!

I especially appreciated your timely reminder to maintain positivity in the face of reality which is perceived as adversity.

Howard Roark's picture

Besides MSM

efforts to air the political/government spin (as here: http://www.reuters.com/article/2013/07/04/us-portugal-crisis-idUSBRE96306Z20130704), the troubles are far from over.

This last resignation episode is nothing more than a ego trip. The foreign affairs minister (chief of the junior coalition party in gov) was upset that the new finance minister was not someone from his party... can you see the kind of people politicians are made of!!!

Ex- presidents and former cabinet chiefs are saying (loud) that the gov must fall and that there must be new elections. I guess that September will be a month with two elections (at a local level and for the government too). I´m inclined to that possibility because: the bonds spiked through 8,2% yesterday; the stocks (especially the banks, eheh) fell 15%; the budget numbers don´t fit the troika program targets... Even if the indexes are a bit green today says a lot to the way MOPE is effective.

And the troika will be here in the 15th for the eighth meeting of evaluation of the aid. Meanwhile the leaders of the two parties in the gov. are meeting on a daily basis because the prime minister did not accept the resignation from his coalition partner... just like a novela. This guys... 

Salut,

HR

Howard Roark's picture

Meanwhile in Singapure

Sorry if already posted.

World's First Physical Precious Metals Exchange with Peer-to-Peer Bullion Trading Capabilities Launches in Singapore

at: http://prnw.cbe.thejakartapost.com/news/2013/worlds-first-physical-precious-metals-exchange-with-peer-to-peer-bullion-trading-capabilities-launches-in-singapore-2.html

HR

beinki's picture

mmmm BAR B Q

Spartacus Rex's picture

The 237th Anniversary of Independence, Where Exactly Is Liberty?

"Posterity! you will never know how much it cost the present generation to preserve your freedom! I hope you will make a good use of it. If you do not, I shall repent in Heaven that I ever took half the pains to preserve it." Letter from John Adams to Abigail Adams, 26 April 1777

“A Republic, if you can keep it” Benjamin Franklin Flagupsidedown.png Without Honest, Lawful Money There Will Be No Honest, Lawful Government! "The liberties of our country, the freedoms of our civil Constitution are worth defending at all hazards; it is our duty to defend them against all attacks. We have received them as a fair inheritance from our worthy ancestors. They purchased them for us with toil and danger and expense of treasure and blood. It will bring a mark of everlasting infamy on the present generation  enlightened as it is if we should suffer them to be wrested from us by violence without a struggle, or to be cheated out of them by the artifices of designing men."
- Samuel Adams
"Hold on, my friends, to the Constitution and to the Republic for which it stands. Miracles do not cluster, and what has happened once in 6000 years, may not happen again. Hold on to the Constitution, for if the American Constitution should fail, there will be anarchy throughout the world." Daniel Webster
"Liberty lies in the hearts of men and women; when it dies there, no constitution, no law, no court can save it; no constitution, no law, no court can even do much to help it." JUDGE LEARNED HAND, (The Spirit of Liberty speech, I Am an American Day ceremony, Central Park, New York City, May 21, 1944.)
"It is the common fate of the indolent to see their rights become a prey to the active. The condition upon which God hath given liberty to man is eternal vigilance; which condition if he break, servitude is at once the consequence of his crime and the punishment of his guilt." John Philpot Curran (1750-1817)
Xty's picture

To all the teachers out there

let me add, we happily put our three kids through public school, once they were grounded.  Had many excellent teachers and a few  not so great.  I am a huge if conflicted proponent of public education, and as in so many things, believe most of the problem comes from size and decentralization.  But schools also need parents and I was astonished at how many parents expected the school to be all things to their children.  It makes the teachers' lives hell.  I don't know why people have children and then don't want to spend time with them.  Very sad that we have been convinced that it is more important to get money to give to our kids than to give them our time and company, which is what they really want.

and Good Morning

Xty's picture

and what's a good beef marinade that

doesn't turn the meat grey?  A question I have yet to satisfactorily answer.

Excalibur's picture

Whistlelblowers

Spartacus Rex's picture

Down The Road, When Gold Is Making All the Headlines

Since early February, gold has fallen by more than $400 an ounce and silver by a gruesome $13 an ounce.  It took five months for these losses to occur and it will probably take many months for them to reverse – unless JPMorgan decides to exercise a short-squeeze, in which case the reversal could occur much quicker.

Everyone knows the phrase, “buy when there’s blood in the streets.”  We’re knee-deep in it right now.  Optimism is running at the lowest level since 2000.  Many of the formerly bullish newsletter writers have jumped ship.  The Aden Sisters and Richard Russell, although still long-term gold bulls, are very cautious now and speak of “possible” further new lows on the horizon.  The Aden Sisters and Richard Russell have been writing favorably about gold since I started in the business in the early 1980s.  When old timers like them throw in the towel, there really is blood running in the streets.  Jim Sinclair, Bull Murphy, Jim Willie and Eric Sprott are bullish.  The fundamentals are über-bullish – they were five months ago when the latest leg of the collapse in price commenced.

What really surprises me is how strong our business at Miles Franklin is – in spite of the falling prices and all the negativity.  There are still like-minded investors out there who are not put off by the bad press and low prices.  We still do our fair share of six and seven-figure orders.  But when the bull market in gold and silver starts up again, and it will, there is an army of potential investors sitting on the sidelines waiting to re-enter the game.

I suspect it will be slow at first, because there will be some lingering doubt as to whether the rising prices are a “trap,” or just a “bounce,” but the rising prices will NOT be due to the investors in physical gold here in the U.S. rejoining the game.  The rise will come from the funds switching large sums of money back into gold and silver via the ETFs and the Comex.  Most of them are not believers in precious metals (say Paulson, Embry and a few other real Gold Bugs).  Most of them follow trends, momentum and rising prices.  They will join in.  They don’t care if the item going up is gold or pork bellies.  They make their living by trading and they trade based on short-term data, and especially moving averages.  The trick is to get them back to buying instead of selling and for that to happen, the dollar will have to fall, which it will, and the large orders for physical metals coming from China, India and Russia will have to overwhelm the ability to deliver in a timely fashion, which is already starting to happen.

Andy Maguire told King World News there are delays of 100 days on large gold orders in London (See article in Critical Reads section at the end of the newsletter).  Keep an eye on interest rates, which are rising now.  Keep an eye on the dollar.  Once it drops back into the 70s with downward momentum, gold and silver should be well on their way back toward their previous highs.  Sinclair says he expects gold to turn around in July.  Larry Edelson, who I have accused of being way to bearish, is on the verge of singing a new song.  He has already stated we are at or very near a bottom and it is time to start slowly accumulating gold once again.  He is super-bullish once the bull market resumes.

As Bill Murphy so often says, “price action makes market commentary,” and price action has been abysmal for a long time now and that gives ammunition to the Wall Street stock and bond peddlers who love to hate gold.

But our business is holding up well in spite of the negativity.  Plus, our newsletter has more readers today than at any time in the past, and that is amazing.  We get more new people every week than we lose and we are slowly gaining mass.  It seems between Andy Hoffman, Bill Holter and myself; we have offered enough of a lifeline and done a good enough job of hand holding to keep the faithful on board.  They won’t regret it.  Down the road, when gold is making all the headlines and is the resurrected golden child, everyone will be a bull and tell you how they always had faith and picked the bottom.  Bull crap!  You can count the loyal in our camp on the fingers of one, or maybe two hands.  We have never abandoned gold and for a good reason – the fundamentals and common sense have made a strong case not to jump ship.  We are not traders.  We do understand gold’s role in a world of exploding fiat currencies.  Just remember, you don’t win a war by winning all the battles, you win the war by being the last man standing.  Gold has been the last man standing for over 2,500 years and this time is no different.

On Friday I published Jim Sinclair’s graphic of The Five Golden Pillars.  That is one of his basic tenants, first published early in the 2000s.

Five Golden Pillars

All five pillars must be in place for the bull market to gain momentum.  Pillar number three now joins number two, number four and number five.  JPMorgan just came out with their first “overweight” call on commodities since 2011.  The only remaining pillar is number one, the “Recognized Top in U.S. Dollar.”  With QE still firmly in place with no indication that it will be curtailed, with the BRICS trading outside of the dollar, and with record redemptions in Treasuries, the dollar will soon join the rest of The Five Golden Pillars and gold’s bull market resumes.  We’re getting very close!!

You may find Yra Harris’s short piece in Jim Sinclair’s section below interesting.  The dollar is falling against the Yuan and Harris believes the gold price in Yuan is more important than in dollars.  The Chinese purchase physical gold and the stronger the Yuan, the cheaper gold is, denominated in dollars.  He thinks we may have hit bottom, based on Yuan price of gold. Author : David Schectman 

Published: July 3rd, 2013 http://blog.milesfranklin.com/down-the-road-when-gold-is-making-all-the-headlines

Xty's picture

re Pessimism vs Optimism

I very much agree with your strategy, Byzantium.  I sometimes say we are living in two worlds, with one foot in each.  And I often get on a diversification justification rant for owning precious metals.  Imagine not owning any?  The anti-gold crowd seem scornful of even a single ounce coin.  Arguing about percentages, etc., strikes me as a much better conversation, and going all-in on any strategy would be fool-hardy given the uncertain nature of tomorrow.

You however seem much more organized and disciplined than I, something I am pretending to work on.

And actually, this relates to Garden Seed's lovely story.  We did spoil our kids, but tried to have them have some skin in the game, even if in a token way.  And it is amazing how something like a ring can be so influential.  On an old thread Byzantium and I were discussing the question of how to get one's spouse to 'buy in' to the idea of owning actual bullion, and he suggested the age old jewelry route as both a primer into the joys of owning gold or silver [or platinum, she hinted] and a great way to enjoy one's investment.

Spartacus Rex's picture

Ranting Andy: European Bail-In Ramifications...

An All-Time Low for Global Complacency On March 16, an economic “shot heard ‘round the world” was fired; when for the first time in modern history, a “bail-in” was negotiated to save collapsing Cypriot banks…

Cyprus’ Bank Deposit Bail-in – March 16, 2013

Given the utter FAILURE of “bail-outs” and government supported FRAUDULENT accounting to improve the global economy – and the stigma attached to vile “too big to fail” banks; there was no political will for an alternative solution.  This is why Dutch Finance Minister Jeroen Dijsselbloem – one of the deal’s architects – stated it would be the “template” for future European bank failures.  In other words, banks crossed the line from depositor custodian to creditor

Jeroen Dijsselbloem Says Cyprus is a ‘Template’ For EU Bailouts – March 25, 2013

Unfortunately, this act of LUNACY backfired; as Cypriot bank withdrawals continue in earnest…

Cyprus Bank Deposits Plunge By Most Ever During “Capital Controls” Month

…while worldwide, depositors fear they may be NEXT…

Who’s Next After Cyprus…Eventually, the U.S.

In an attempt to calm frayed European nerves, Dijsselbloem was obviously ordered to deny his comments…

Dijsselbloem denies saying Cyprus a template for restructurings – March 25, 2013

…but sure enough – last week – the European Union agreed on a “bail-in” structure for future bank failures…

EU makes bank creditors bear losses as Cyprus bail-in becomes blue-print for rescues – July 28, 2013

I realize the brainwasheddumbed down sheeple don’t react to ANYTHING anymore; as for the time being, TPTB have whitewashed reality with MONEY PRINTING, MARKET MANIPULATION, and PROPAGANDA.  However, they can’t cover up the fact this deal is DONE; and thus, “bail-ins” are headed to European shores like an out-of-controltsunami

NBG 7-1-13 1123

Care of the GLOBAL FIAT CURRENCY PONZI SCHEME, essentially all banks currently pay ZERO interest.  Moreover, we learned in 2008 they can FAIL; and now, they can STEAL your money at will.  How ANYONE keeps money in the banking system is beyond me; but I think this a “ALL TIME LOW FOR GLOBAL COMPLACENCY” is nearing its “bottom” – in a big way…

Why Would You Keep Large Deposits In Western Banks? – Jim Sinclair  Author : Andrew Hoffman 

Published: July 3rd, 2013 http://blog.milesfranklin.com/european-bail-in-ramifications-an-all-time-low-for-global-complacency

Spartacus Rex's picture

LOL. 'Sh*tstorm' Enters The German Lexicon

English rude word enters German language

German Chancellor Angela Merkel at a ceremony in Berlin, 2 JulyMrs Merkel used the term at a public meeting

Germany's standard dictionary has included a vulgar English term, used by Chancellor Angela Merkel among others, as an acceptable German word.

Duden, the equivalent of the Oxford English Dictionary in the UK, said it was reflecting the common use of the word "shitstorm" among Germans.

The word, which is used in German to denote a public outcry, seems to have caught on during the eurozone crisis.

German language experts voted it "Anglicism of the year" in 2012.

One of them, Michael Mann, explained in a report by the Local newspaper, that the English word conveyed a "new kind of protest... clearly different in kind and degree from what could be expected in the past in response to a statement or action".

In the past there have been controversies over German usage of words like "download", "job-hopping" or "eye-catcher", the BBC's Steve Evans reports from Berlin.

The new word has crept into the language, imported by people who heard its use primarily in American English, he says.

It is used by the highest and lowest in the land and when Chancellor Merkel used it at a public meeting, nobody batted an eyelid, our correspondent adds.

Xty's picture

re Sh*t storm

aren't those basically Germanic words anyway?

Schiessen Sturm!

¤'s picture

a message in a bottle

Nicely done Xty...thanks for speaking about the human element and for helping to paint a face on some facets of life.

Living life with a smile or a grimace is a choice in life. Kids taking cues from grimacing parents is not a good life lesson because it dampens hope and foments despair/stress.

Everyone have a nice day :-)

Byzantium's picture

Germany

They need make no public response. Merkel and her aides simply need to outpour an expletive-ridden, unconstrained explosion of rage, in the forum that they suspect the Americans are eavesdropping on. They can promise the USA to a shit-storm of their own, then they can go to a side room when they can't stop themselves from laughing any more.

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