TFMR Podcast #30 - Detlev Schlichter, author of the book, Paper Money Collapse

Hey Hey

Nicely done, and thanks for continually bringing us all of these fine guests in your growing archive of podcasts.

Stacking is a great way to save yourself from selling into weakness.

I think we will have another great buy-and-hold opportunity no later than a week to 10 days from now.  We only get 2 or 3 this good per year, IMO.

http://wp.me/p2CT0a-6I

Hat's off to the kind courteous staff at Liberty Coin in Lansing MI, the place I go to shop for phyzz. The place was abuzz as usual, with people dropping off sacks of old silver coins while others were busy selling silver plated tea sets, etc., Guys like me were there to purchase stackable retirement accounts.

Thanks to the troops here at TF Metals, as I've learned so much in the last several years.

BTFD!

Those holding PM stocks are breathing a sigh of relief. GDX an etf for major miners actually went green with a $20 Gold raid. Most Silver stocks with a $0.72 raid didn't fair all that badly, considering. They were down, but it could have been worse on a 2.25% decline.

This all took place with a 200+ Dow drop and a 26.50 S&P drop.

Like I said in a past post, it looks like the EE can drop the price of PM's but not the price of the PM stock shares all at once. This happened today. To me it shows that they are running out of ammo. They can't do both at the same time anymore, it would appear.

The only difference between Romney and OBama is which one will go to war with Iran the fastest. The only thing that will save the Iranians is a further drastic devaluation of their currency and an overthrow of their assholic Mullahs. They have 2 to 4 weeks to do this. That's not enough time. So war, it will be.

What this Black Vulture will do to the PM markets is totally unknown, but going by today's action, gold and gold stocks should soar, while the rest of the market tanks.

Oh! Yeah! The oil market. I doubt that China would be in favor of Iran successfully closing down the Straits of Hormuz and getting cut off from their Iranian oil. There must be enormous pressure from the Chinese. On the other hand, the Russians stand to make a fortune, if the Straits are closed and the price of oil doubles in a matter of days.

I suspect that the Chinese and the West would just as soon see the end of the Iranian nuclear venture and their Mullahs as well. Heaven may have to create hundreds of new virgins to satisfy the newly created Iranian matyrs.

I wonder if the newly created virgins are of the "paper or plastic type"?

Have a great weekend contemplating that mystical wonder of the Islamic religion. 

Looks like peckerwood's had a couple of brewski's.  

TGIF, Mein Freund!

231 jobs .... My first impression was

Day in and Day out, excellent, information.

I chuckled with the glasses comment, life is good, just not easy.

Be well, TF!

Possibly a little out there for some readers, I think this is worth listening to in tendem with TF's interview:

http://www.youtube.com/watch?feature=player_embedded&v=kpu7rEHftzc#!

Maybe 'cock-up or conspiracy' is too narrow a field of vision? Anyway, Clif says to keep your eye on this paedophile news breaking in UK and the financial fall-out from it, something us bloggers have been watching for some while.

Aggregate Demand is a convenient argument used by government through judicially created PLENARY power to rape and butt-hurt anyone anywhere or anything, even a farmer selling just one kernel of corn, because all them kernels added up have an aggregate affect on interstate commerce. Aggregate demand is probably just what it sounds like, the total demand. 

Thank You!

I have put Detlev's website on my "must-read" list ever since loyal Turdite Tabberto first linked to his articles some months back-  kudos to Tabberto for introducing Turdville to this top-flight intellectual.  Double kudos to Turd for getting him for a podcast... a huge "get" for this site. 

Two thoughts after listening:  1. my favorite quote was Detlev saying something to the effect of "hard money or gold advocates are absolutely right that gold is a monetary guarantor of personal freedom".  Amen, brother.

2. I find it very hard to even comprehend the true amount of "misallocation of capital" we now have in the present system-  one could argue that every single pension, government bond, and mortgage, in addition to all of the "on the books" debt carried by both public sector and private sector institutions... ALL of it represents a staggering misallocation of capital.  If we think about it in this way, and if we picture what an unwind of this "faux-value" would look like in the real world, then I believe we can see clearly how something like 50k per OZ of gold could come about.  Perhaps much, much more than that amount, in fact. 

For God's sake, keep stacking.