Great Video...From 37 Years Ago

Mon, Apr 13, 2015 - 12:20pm

Over the weekend, Sprott's Tekoa Da Silva sent me a link to a fascinating discussion recorded over 37 years ago. The two panelists were Dennis Karnosky of the St. Louis Fed and "money expert" Merrill Jenkins. This remarkably frank and informative program is certainly worth taking the time to review.

Again, this was recorded at a St. Louis, Missouri television station in 1978, near the height of the inflationary spike caused by the closing of the gold window and the subsequent surge in U.S. government spending. The two panelists are:

Some of the highlights include a great explanation of debt vs money (11:30), Mr. Karnosky's advice as to what someone should do with their depreciating dollars (15:15) and Mr. Jenkins' "solution" to the problem (22:00).

Please take the time to watch this fascinating video and then, be all means, copy and paste the link. Bookmark it and send it to your friends and family. Perhaps it will help to awaken some of the slumbering.


About the Author

turd [at] tfmetalsreport [dot] com ()


2c piece
Apr 13, 2015 - 12:43pm

Looking forward to listening.

Looking forward to listening. Thank you for sharing.

Apr 13, 2015 - 12:49pm

gold and silver

in one day


Apr 13, 2015 - 12:49pm

Denis K

I knew Denis from back in the late 80's to mid 90's when he was at Brinson and I had hired Brinson to manage the company retirement plan assets.

Smart guy and class act. Brinson as a whole was top echelon firm and people.

Apr 13, 2015 - 1:33pm

Inequality for all !

Must Watch!

Inequality for all !

Former secretary of labor under president Clinton, Robert Reich about the economic inequality. From 1978 wages became stagnant, people in the workforce had to work harder to make a living. Earning les and les while the 1% wel to do people only went richer and richer!

Please see this documentary its wel worth your time!

Inequality for all [Ongelijkheid voor iedereen] (VPRO 2doc 20141204)

Apr 13, 2015 - 1:57pm

Brinson Partners

just to frame the type of firm Brinson was--the minimum account size back in the 80's was 40 million. They invested in a number of asset classes-they analyzed each asset class for value and constantly tweaked the portfolio by lightening up on overvalued and buying undervalued.

They were actually concerned with risk reward profile of the portfolio and as well making sure the clients understood what was happening.

Apr 13, 2015 - 2:42pm

OK What's Happening Turd

Are you bored today. Lol To much info is hurting what's left of my brain. Lol

Apr 13, 2015 - 3:04pm

pre 1933 coins

All sorts of pre-1933 and other 90% coins available at Provident, one of our trusted sponosrs.

Apr 13, 2015 - 3:33pm


a $10 Indian Head Eagle from Provident (through the link here, of course) last week with my half of the tax refund . Free shipping! Love the e-check option.

Apr 13, 2015 - 4:26pm


It's like there were real journalists 37 years ago... This was on TV? That's just so freaking weird.

Apr 13, 2015 - 5:06pm

I was thinking the same thing, Barfly

The two gals doing the interview are informed and they ask intelligent questions whereas the "bubbleheaded bleachblondes" of today are nothing but clueless teleprompter readers.

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