The Latest Gold and Silver Breakdown

IRB wrote something like (sorry, too lazy to go bacq):

"Sound money allows the people to benefit from improvements in efficiency.  Fiat money allows the banks to benefit from improvements in efficiency."

BEAUTIFUL!!!  EXACTLY!  THANK YOU!

In a free market economy with sound money, prices for goods continuously drop as the market figures out new and more efficient ways to produce those goods.  It is extremely important to get one's head around this fact, and it is a fact that cannot be successfully refuted.  It is a fact.  It is simply true.  Read I, Pencil, get over your cognitive dissonance, marvel in the beauty of it, and move on.

We have been conditioned in the fiat-money regime, ie throughout most of our lives, to think that economic growth and inflation (and price increases, the two are not the same thing) are tied together, that one creates the other.  WRONG!  It is our acceptance of this falsehood that enslaves us.

Sorry for SHOUTING.  Actually, no, I am not sorry.  We need more people shouting this, so that all might hear, understand, accept, and move on.

can anyone post a link to the cnbc clip with sprott?  love to hear what his reaction was on gold to buffet/gates.....

Thanks Turd!

I was referring to gold, actually. A kilo is a bit more expensive!

Show's cheque for coins bounces
http://m.nsnews.com/svc/wlws.svc/getHtml#article/?sectionId=676&feedId=1...

As global economic situations worsen, ethics and morals will be less than before...by governments( can you imagine worse?) , organizations, and individuals...shame really

normally they smack the price into the close to paint the tape.

they are duhhh

new thread

oops, chi-town already nailed it.  

I had interjected into '47 and IRB and other's chats as they were using "right" and "left" to characterize their positions.  I feel I must do it again.

Right/left is another falsehood, like false money, it is a false dichotomy that in accepting we march towards enslavement.  It is to be rejected.

The real dichotomy is between freedom and coercion.   Between liberty/free will, and control.  I will relate a story to illustrate.  Please read slowly and carefully.  Multiple times.  Let my words sink in, please, folks.

Today my dog, who likes to chase squirrels, as her DNA has her programmed to do, caught one.  She was "playing with it" and it would soon have been dead had I not intervened.  I was walking and talking with a highly intelligent and extremely well-informed philosopher I had met at the park at the time.  He had earlier stooped to move a snail on the path out of harm's way.

I called in the stern, deep, voice-of-authority at my dog: "[dogname], NO!" several times.  She soon heard me, stopped tossing the squirrel about, and it limped over to the tree, climbed up to lick its wounds, as my dog returned to my side.

But in the meantime, my philosopher-friend was shouting to me: "Why don't you run over and grab her???"  clearly distressed at the scene he himself was running towards. 

I would like to answer my friend's question here, because it is directly relevant to the discussion.  I hope after reading my answer, you all understand why, and how it relates to the right/left discussion. 

0) Dogs are pre-programmed to kill squirrels, but they also have free will.  In a natural environment, this is a very natural interaction.  Because we were not in a natural environment, but in a city in a park, and the dog did not need the squirrel-meat to survive, I chose to intervene.

1) There was a very good chance that had I focused on running to coercively stop the dog, and distracted my mind from what I knew was the right thing to do, I would have been too late to save the squirrel.  I chose to stand my ground and clearly communicate a message to her mind.

2) My dog used her free will to make a decision.  She heard me, she weighed the options, and her conscious mind chose to listen, and stop beating up the little squirrel.

3) As a result of having been forced to make a conscious choice, the synaptic weightings and neural interconnections in her brain were tweaked just slightly, in a way that will make it ever-so-slightly more probable that she will not kill the next squirrel, and be more responsive to my command in the next similar situation.

4) Had I used coercion, by running up and physically grabbing her collar, she would not have had to make a decision.  Without decision, higher learning can't happen.  Dogs, unlike people, are unable to philosophize, and so decisions, for them, must always occur in the here and now.  Abstraction does not exist in the dog's mind.  If I use coercion, I must always use coercion, and the dog does not learn.  I see examples of these type of coercive owners and their ill-behaved pets daily.

I have never hit my dog.  My dog enjoys more freedom than any other city dog I know.  I take her daily, off-leash, while I ride my bicycle with her at my side.  I ask her to lie and wait for me if I need to shop.  She is there when I return, despite being at liberty to leave if she so chose.  She waits for me to cross streets.  Although she is at liberty to cross without me, she chooses my company.  Every day I get comments about how well behaved she is, how beautiful and well-mannered.

This state of affairs did not spontaneously come to be.  I learned from Cesar Milan how to "get into the now", which is where my dog's psyche spends its time, and how to interact with her in a way she would understand.  For example, if she gets too far ahead while walking, I stop. 

She learns that if we are to advance, we must do so together.

On my way back through the park after bidding my philosopher-friend farewell, I noticed a snail on the path.

I stooped, and moved it out of harm's way.

1)  James Turk.  He's about to drop off my short list.  I don't know what he's done lately other than what you posted.  I really don't believe that we will see $50 silver until about NEXT May.  We may not even clear $40 untl Dec.-February.  Remember, the last peak-to-peak interval was somewhere around 3 years or less.  We could be waiting until *** '14 *** before that happens.  In the meantime, stack the living shit out of this.  I WISH I could!

2) Right, what you do at the coin shop doesn't affect the paper price, BUT what if everyone buys so much that the refiners have no choice but to refine firstly for the industrial users, secondly for the coin industry (because they would be beating the moat drawbridges off the hinges of the refiner's facilities, so to speak), with practically none left for delivery to COMEX?  Make it somehow so that EVERYONE has to go to a refiner in a more direct way to get any metal, like if you are an industrial user or a business somewhere in the chain of the coin business.

Pretty much everything else is on the money.

However, it looks like Turd bet wrong again...  He didn't THINK that the price would break down and out of the channel.  How can you not think that, Turd?  It's SUMMER TIME.  That's what prices on gold silver have tended to do over the last 35 years.  It's behaving like it's supposed to, and man, I am jealous of the opportunity people have in loading up and racking up supply orders on tangibles, because right now, I have a decent supply cache, BUT I want to get rid of my obligations in the event we return to debt prisons for pretty much anything, and I don't want people going looking for me.  Will JPM or Citigroup come looking for me because I absconded on the remaining bill during the Great Collapse, with NOT debt collectors, but LIFE collectors (hint; armed with guns not to collect money, but bodies)?