A2A with Steve St. Angelo of SRSrocco Report

65

Some brilliant stuff today from our old pal, Steve St. Angelo. If you want to unearth even more evidence that we are near the end of The Great Keynesian Experiment, listen to what Steve has to say about energy and its impact on the collapsing global economy.

To begin the conversation, we discussed two of Steve's recent posts. Please be sure to review both:

From there, the conversation turns to energy, the miners, the ongoing global supply deficit for silver and the historically high gold:silver ratio.

I am 100% confident that you will greatly enjoy this recording and it will be a very valuable use of your time.

Enjoy,

TF

  65 Comments

Jan 19, 2017 - 3:38pm

Gold at HOD and back to $1206

Why?

Thus, this:

I discussed this brewing Trump-Mother conflict here. Recorded about 90 minutes ago: https://www.kereport.com/2017/01/19/battle-trump-yellen-started/

Jan 19, 2017 - 3:48pm
billhilly
Jan 19, 2017 - 3:48pm

you know what's funny...

...I always thought it was the job of the markets, not politicians/bankers, to determine the right value of the dollar !

Thanks for the A2A !

LostMind
Jan 19, 2017 - 4:35pm

Silver for me

After listening to Mudda Fellon yesterday and Massa Williams today, one thing keeps sticking out to me...

Both keep talking about how unemployment has to be just right - stable... I'm going to start calling this the Goldilocks method of FED intervention... Not to hot, not to cold, just right...

From the mouth of Williams:

"as a Federal Reserve policy maker, I tend to look at virtually everything through the lens of our dual mandate goals of maximum employment and price stability, and I’ll describe economic developments — past, present, and future —

through that lens. I’ll begin with maximum employment. Of course, this doesn’t require that every man, woman, and child work 24/7, 365 days of the year. Instead, it means we have a number of jobs consistent with a vibrant, healthy economy.

Economists tend to think of this in terms of unemployment, rather than employment. Put in those terms, our goal isn’t to have an unemployment rate of zero. Instead, it’s to be near what economists call the “natural rate” of unemployment, the level where the economy is running neither too hot nor too cold. It’s impossible to know exactly what that magic number is, but it’s generally thought to be between 4.75 and 5 percent today. By the way, that’s about the same number that economists typically thought before the recession, so in this one respect the economy hasn’t changed much over the past decade.

With the national unemployment rate now at 4.7 percent, we’ve reached that goal. It’s worth pausing a moment to reflect on this accomplishment. We are now in the eighth year of the economic expansion. The unemployment rate peaked at 10 percent in the fall of 2009 in the aftermath of the Great Recession. Since then, it’s fallen by more than half, as the economy added over 15½ million jobs.

Uggghhhhh.... Can't wait for tomorrow. Oh, Guess Mudda Fellon speaks again tonight too.

https://www.frbsf.org/our-district/files/Williams-Speech-Looking-Back-Looking-Ahead.pdf

The attached is the speech given by Wiliams. On Page 3 he goes into detail about "Debunking" the unemployment article posted earlier by Turd and others.

Great little tidbit "As a result, the number of new jobs we need has dropped as well. I put it at around 80,000 a month currently. Looking ahead, estimates that take account of likely labor force trends imply a range from 50,000 to little over 100,000. Last year job gains averaged about 180,000 a month. That's more than twice as fast as we need to keep up with the tend in labor force growth and , quite honestly, is unsustainable in the long run..."

ArtL
Jan 19, 2017 - 5:11pm

Nice interview.

Steve has brought to light the fact that unlimited growth is impossible, and society will be limited by the thermodynamic crossover of oil.

I believe there will be inefficiencies in the production and distribution network, and some (few?) players that have oil that is thermodynamically available will be able to sell it for increasing prices (fiat, gold, silver) and at the same time our world society will generally collapse because of not enough (liquid) energy. This economic collapse will cause the human population to drop to a new, much lower and ultimately, sustainable level. (If we don't first have a human extinction event, like a thermonuclear war while society is collapsing.)

Island Teal
Jan 19, 2017 - 5:17pm

Good guy - Lots of Information

6th - maybe

Good guy - Lots of Information

Now to listen

Marcrward
Jan 19, 2017 - 5:23pm

5

Fif Silver! Honor! Energy!

Marchas45
Jan 19, 2017 - 5:32pm
AlienEyes
Jan 19, 2017 - 6:00pm

To All (friends and enemies alike)

Woke up late Tuesday night with what was probably the worst angina attack I have ever had. Took a nitro (2) and drove myself to the emergency room....and promptly got yelled at for doing so. After twenty years and three months, one of my bypass' is failing. I have to get scheduled for a stint but personally, I doubt they can do it since that was the case twenty years ago. That would leave me looking down the barrel of another bypass. At almost 71, the odds are not as good as they were when I was 50 but I certainly can't say I didn't get my money's worth. The first bypass was a miracle and I hardly had to give up anything except snow skiing and class 4 whitewater.....which pissed me off royally but them's the breaks. At least I didn't end up like Sonny Bono. (after a dyke daughter/son/whatever and a ho dog wife, that poor fellow had suffered enough.)

Having said that, I won't be on here as much as I have in the past until I get this resolved. Don't want to get bent out of shape and have a freaking heart attack.

AE

AIJ AlienEyes
Jan 19, 2017 - 6:17pm

AE praying for you...

...for a fast and complete recovery.

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