Good Morning

Obviously it would be disingenuous to pretend I wasn't expecting something along these lines to happen.  Just wanted to get that out of the way.  But I really didn't prepare what I would write, so here goes.

Most of you know me pretty well by now.  I am what I appear to be, a mum (currently somewhat redundant due to pause while hoping for grand-children) who is rather over-educated and got oddly laid up by a strange and enduring health problem, which is actually relevant as it explains to some extent my initial life on this blog, when it was but a thing of quiet beauty with nice books in the back-ground, which I found soothing, if from a template.

Much else was going on in the back-ground of my life, and married as I am to a wonderful genius (I am sure he will read this), we read and talk a lot, and our understandings of many things have matured, as have we.  He lead me to an interest in silver, and as I was quite bed-ridden for a while, the internet was a life-line.  But I actually found it difficult to read, as I always have, and medication made it worse, so I took to listening to stuff.  I have been a life long listener and with the internet there is a broad range (understatement) to sift through.  A path through a site called Ricochet.com, which while un-apologetically on the Right in a way I do not think is helpful, has some fantastic interviews and podcasts (and Rob Long), led me to Russ Roberts of www.econtalk.org.  What a gift.  He has taught me an incredible amount about economics, seen through an Austrian lens, but one of crystal clarity.  I cannot recommend highly enough that you go through his archives.  Mind-boggling, not to mention slimming - his interviews with Gary Taubes, author of the book with the worst gift-giving title ever, Why We Get Fat, are important to one's health.  I found his guest Mike Munger to be fabulous (I actually made a playlist of his interviews - nerd-alert).  The two of them manage to have great fun discussing the most basic things and things that appear complex, stripping them down to the seemingly obvious or absurd.  And now I have the opportunity to help you find the best of them.

So an interesting coincidence of information and interests hit me all at the same time:  getting our financial house in order (something we just seem to have to keep doing - messy like our house, or diversified as I like to call it); precious metals as perhaps an increasing part of that financial house as our needs changed over time; spending too much time on the internet because of my health; Austrian economics and economics in general.  Other peculiar and mundane researches too - an eclectic brain trapped for a while.  And somehow it has all lead to this.

I hope to post about books, food, gardening, birds, kids, home-schooling, public education, philosophy, camping, bacon.  The everyday things that make up so much of our existence.  An OT paradise, but like any supervisor of an oasis, I would ask that you take off your shoes before you come in, and while politics is a fact of life, let's keep with theory when we stray that way (warning - I am a very, very, squishy kind of libertarian) and a sense of humour is requisite.  I am a silver-lining person, and very well-disguised blessings are everyday fare chez Xty.

I forgot to mention dogs.  Dogs are also a mandatory premise of mine.  Just that.  Dog=fact.  

And one more, because I am possibly not quite as frivolous as I appear, I firmly and passionately believe that sound money is a precursor to sound government, and that we need to recognize what this mountain of debt has wrought, and bring people to understand that it could have been different and that it will be different, and that we can and must look to the future and try our best to make it bright.  But never forget to enjoy today.

Xty

110 Comments

Strongsidejedi's picture

it's friday!

yahoo!

Strongsidejedi's picture

Double entry?

grrr...sorry...I only punched send once...really...

Xty's picture

First!

Hah - never ever done that before!

edit: and that's why - an elusive moment, gone once again.  And I had insider knowledge.

-SilverIsMoney-'s picture

Fourth

Fourth

Eric Original's picture

I'll take the fifth!

I'll take the fifth!

EDIT:  And a glorious good morning to you as well, Xty.  yes

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murphy's picture

Arrrr

Permission to come aboard?

Why is this day different from all others?

Why do we need an International Talk Like a Pirate Day?

Make no mistake. We do. But it's a little hard to articulate why, especially when you've made the mistake of referring to your wife as a scurvy bilge rat and tried to order her back into the galley.

Talking like a pirate is fun. It's really that simple.

It gives your conversation a swagger, an elán, denied to landlocked lubbers. The best explanation came from a guy at a Cleveland radio station who interviewed us on the 2002 Talk Like a Pirate Day. He told us we were going to be buried by people asking for interviews because it was a "whimsical alternative" to all the serious things that were making the news so depressing.

In other words, silliness is the holiday's best selling point.

http://www.talklikeapirate.com/howto.html

Strongsidejedi's picture

stronger dollar and weaker gold price

The Bloomberg story this morning is that the gold bulls have a weaker sentiment than in the last month.

So, here comes the spin of the weekend... gold is a bad call financially because the gold bulls aren't buying in as much strength.

Of course, the charts on COMEX inventory, a past weekend story of ConEd fires below ground on Broad and Wall in NYC, GOFO negative, Shanghai exchange postings, and some central banks buying gold ... that's all conjecture.

It would be just sheer coincidence that the cartel might need to push the price down going into August...uh...right?

Gold price was 1340 6 hours ago, and 1323 now...
As TF posted yesterday, that POSX is certainly moving...isn't it?

Xty's picture

Is it really talk like a pirate day?

Er I mean,

Ar matey, do you ken what day it be?

I have to confess I am not quite sure what is happening.   Which makes today no different from any other day.

القراع عصفور's picture

and Good Morning to you too!

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murphy's picture

No

Actually, it says September 19th but I took a little literary license to to celebrate your post.

Xty's picture

I was thinking about soliciting book reviews

A while back murphy had some terrific reviews of books he had been reading, and there are also books that significantly influenced my thinking. I would like to encourage any and all to PM me with a book that made them think differently, and a sentence or two about why/how. Or a really useful book about something technical. Or just a great read.

Yes?

Mantis's picture

mornin

Nice post xty, I like hearing about the different routes people take in opening their eyes to truth versus the mainstream media 'version'. Everything is so interlinked in the matrix that you can get their via many different routes if you start paying attention.

My journey started with watching a video abount how fractional reserve banking really works, it was a real eye opener. After that I saw 'the secret of oz' by Bill Still. My faith in government was getting really stretched and finally shatterered when I saw the truth movement discussing 9/11 (even though I, m not a us citizen). Nowadays I have concluded that globalists are trying to create new global power structures to continue to enslave , misinform and control us. Getting harder for them due to the truth spreading through the internet.

Sound money is needed for sound government is a nice idea perhaps thats true. The more decentralised we can be the better.

rtabit's picture

Good Morning

rtabit's picture

@Strongsidejedi

As TF posted yesterday, that POSX is certainly moving...isn't it?

Yes, looks to me like we are bouncing off the blue fork lower parallel line and red for medium line.

Bollocks's picture

It's not morning!

It's afternoon. Jeez, get it right you lot!

murphy's picture

@Mantis and others

With a little cross promotion, I would ask you to post how your journey was started in this thread below. Unfortunately it died. Before it did there were some wonderful posts inside it. It would be nice for people new to the site to see how others got to where we are today.

Xty- nice book idea. Here's a good work of fiction/not. The Shell Game

http://www.tfmetalsreport.com/forum/3572/wtfdik-when-turdites-found-developed-insight-knowledge

Gramp's picture

Good Morning Good Morning!

Be well folks!

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tyberious's picture

and the sun rises

here in the PNW!

Eric Original's picture

The most recent book I read

was "The Ivy Portfolio" by Mebane T. Faber.

Most of the book is fairly conventional portfolio theory, which is probably (sadly) of little interest to Turdites.  But Chapter 7 "Winning By Not Losing" is the reason I got the book.   It is probably the best chapter ever written about moving average based timing systems, which is something I've been talking up on this site for quite some time now.   I've been tinkering with these systems myself for decades, and credit them with saving me a ton of money by getting me out in time to avoid some hellacious losses in metals related investments over the past 9 months, while simultaneously enjoying an epic run in the broad stock market.   And I am confident that the signals will change to keep me on the good side of both markets in a timely fashion.

The system as proposed in the book by Faber is dirt simple.  A ten month moving average, checked for signals just once a month.  Couldn't be simpler, and has had very impressive results.  The biggest thing is avoiding the big losses, or "drawdowns" as they are called.  That alone is a great aid to sleeping at night, and will keep you in the game for the long haul.

You can probably get it from your local library.   I did, though I plan to buy a copy to put on my shelf alongside works by Marty Zwieg and Stan Weinstein.

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I wasn't going to talk about this anymore, as I feel like I've beaten it to death, but hey, you asked for book reviews!

Tabberto's picture

Good afternoon XTY n'all

still original n best, say no more

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argent rampant's picture

Book review

I have often thought a list of recommended books on economics, PM's, etc would be a good addition to the links at the top of the page on this blog. Especially valuable for newbies, I would think.

On a less serious level - I just finished reading John Grisham's "The Racketeer". The story has several themes that would resonate with Turdites - governmant bullying and corruption, corporate corruption and greed, distortion of the legal system, escaping from all that, and... GOLD.

Grisham is a great story teller.

Xty's picture

I have just promised to go swimming with my great nephew

and a promise made is a debt unpaid, and the trail has its own stern code,

so off I go.

opticsguy's picture

So Cowboy's Stadium is now AT&T stadium

in exchange for $17 million a year. I'm sure the "stadium naming surcharge" will appear in our phone bills soon.

The Cowboys-USA analogy continues. What's next, the Verizon Yosemite National Park?

heyJoe's picture

Xty

I like the cut of your Jib.  cool

AGAU's picture

Enslavement!

Lets see

"They" take at least 25% right out your earnings assuming they let you have a job,

"They" take another 15 - 28% of any income you make on investment

"they" take a sales tax on everything you buy with what left

"they" take a 5 - 15%  tax on the house that you bought to live in .

"they" take 38% of whats left when you go tits up

"they" have forced you to send your children to fight shitty wars that have mainly been lost, at horrific human cost and produced nothing but even more bitter enemies around the world and disgusting profits for the miltary industrial complex

"they" have miliatarized the police to beat your doors down,beat your family, kill your dogs etc  whenever its suits the system

"they" have removed even the most basic civil liberties Haebeus Corpus , right to search , right to privacy, the right to a trial by your peers, etc

"they" have forced you to take  health insurance forced vaccination of your children - adults soon to follow!

"they" define what your children can read and what they are taught in school, spy on your every move, target you for penurious tax audits if you do not follow the party line , control th emovement of your hard earned capital

"they" issue you with bits of arsewipe paper with interest of course, that they print out of thin air  

"they" have enslaved generations past and  generations to come already

Shit you get the point!!  --  Like I said it ain't rape  'til the check bounces

This is not about enslaving us - we are already in the bag !, its about snarfing up the rest of em!!!!

Stackin and hoping to christ I never need it!!

I'm off to the lake for the weekend  -time to chill check on my stash and hang out with my grandkids if only we could be as smart as them!!

القراع عصفور's picture

one of my favorite books

The Conquest of New Spain by Bernal Diaz del Castillo

"The defeat of the Aztecs by Hernan Cortes and his small band of adventurers is one of the most startling military feats in history. Fifty years after the event Bernal Diaz (c.1498-c.1580), who served under Cortes, wrote this magnificent account of the march from the coast, Montezuma's death, the massacre of the Spaniards and the eventual capture of the capital of Mexico."

http://www.goodreads.com/book/show/108490.The_Conquest_of_New_Spain

more reviews at Amazon.

what is amazing about this book is not only is it first hand, it is written by a common man, and it is written shortly after the events occurred. if you read it, your understanding of the history of this period will certainly be revised.

hey - Xty didn't stipulate that the subject matter had to be related to economics or finance. smiley

treefrog's picture

back to the land/prepper book

GROW IT!

by richard langer

great book, charming writing style.

out of print, but there are plenty used copies available online.

treefrog's picture

duplicate deleted

.

SilverSurfers's picture

Lizards

Bernake: Dang it, I need the greedsters and the gold cartel to keep bullion prices low to make those irredeemable ponzie coupons look attractive.

JPM Lobbyist: Money dont buy everything, thats true, but what it cant buy, we cant use, WE WANT MONEY.

Bernake: Dang it, you got ZIRP and QE, and least you guys 1/2 of the nations gold, isnt that enough?

JPM Lobbyist: Now we will try to get the gold back for you, if we can, but dont count on it, we sold it all to China, so, we could just pay you back in those irredeemable ponzie coupons, but its never enough, WE WANT ALL THE MONEY.

The Flying Lizards - Money

Magpie's picture

Have you been to a doctor lately?

A friend of mine went yesterday.

An email arrived this morning from her doctor. It provided an overview of her entire medical history.

Lovely.

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