A Visit with Greg Mannarino

dont care about ranking :)

I think it was 2012 or '13 when I saw him on Y't 1st time. He had long hairs back then, much longer then today. Like a Hippie, ..lol. He was talking such a boatload full of reasonable things. I was somewhere around the Baltic sea, and my Internet connection was so poor. The only place where is was some kind of reasonable was on the first floor of our rented holiday house, but only if I opened the window. So I sat there in the most northern part of Germany, usually during the evening when my wife was watching TV downstairs, close to a wide open window and listened to Greg Mannarino coming to me from the USA.  I think at that pint in time I was one of lets say ten  individuals in Germany at a whole. This is what makes life so special for me: Listening to/reading from/communicating with like minded people around the globe.

I too have have followed Greg for long time, so long ago that I got his "The Game is Rigged" book when it came out in 2011.

Just re-read chapter 5 wherein Greg said buy silver not gold because the GSR was 50 and historically it is 15. 

Wow, to think it is 6 years later and now the GSR has been rigged up to 75.

Look at your user name toward the top left of the browser window. Click on inbox. I usually see a number by inbox if I have messages (or i may see the number by my name i do not recall for sure... one of the two lol)

hope it helps.

BTW. To whomever referenced Glenn Gary Glenn Ross, thumbs up. Great movie.

#keepstacking #networking

is being rigged.  Peak slosh with isolated panics seems to be the prevailing financial weather trend.

Maybe pining would like to bring up the image of a magicians assistant distracting from a weather map with the S&P.

After several months of absence from buying I finally broke down and bought a key of silver this week for $586 and a ten ounce bar for $183. Just couldn't stand it any longer.

The White House Office of Management and Budget Director Mick Mulvaney announced earlier today 'Phase 1' of the Trump administration’s plans for a massive government reorganization, a move meant to increase the efficiency and productivity of the federal government.

In a memo published here, Mulvaney detailed plans to rescind or modify many of the requirements placed on federal agencies by the OMB. The office’s logic is rather straightforward: far too often agencies are required to spend more time and energy complying with menial tasks, rather than spending time allocating taxpayer dollars to effectively and efficiently carry out their missions.

From administration to administration, agencies have been asked to respond to hundreds of guidance documents related to management areas such as information technology (IT), human capital, acquisition, financial management, and real property. Too often, burdensome tasks have piled up without consideration of whether the requirements collectively make sense. In many cases, agencies are asked to spend more time and resources complying with low-value activities versus allocating taxpayer dollars to meet their core agency mission.

In support of the President's Management Agenda and the belief that the Federal Government can - and should- operate more effectively and efficiently, the Office of Management and Budget (OMB) is taking action to identify low-value, duplicative, and obsolete activities that can be ended. Through this Memorandum, OMB begins providing relief to agencies by rolling back these requirements and allowing those who know their agencies best - agency managers - manage operations, adopt best practices, and find the best way possible to reduce costs and minimize staff hours responding to duplicative and burdensome reporting requirements.

As the Daily Caller reports, a very simple review of just OMB directives revealed "59 redundant, obsolete or unnecessary" guidelines that agencies are required to comply with on an annual basis.

“There are a lot of places where the government is so complicated that previous administrations didn’t realize what the agencies were already doing,” Mulvaney said. “So an agency might be required to give a piece of information to Congress. The administration might not know that so they layer on another requirement on that agency to give the that same information to the administration. That is wasteful and it takes a lot of time.

OMB isn’t just asking other agencies to figure out where they can make cuts. The office has already found 59 redundant, obsolete or unnecessary memorandum that will be removed from all federal agencies. For example, agencies have been required since 2011 to develop a 10-15-page proposal to justify new contracts over $50 million that duplicated existing ones. Now, under new OMB direction, agencies are using a collaborative process that requires a simple 3-page proposal.

Of course, Mulvaney's review was prompted by a Trump executive order signed back in March aimed at cutting waste in the federal government.  Trump signed the measure in the Oval Office on March 13th and told reporters at the time that it called for a “thorough examination of every executive department and agency” to find out “where money is being wasted [and] how services can be improved.”

Mulvaney's overall review process is planned to be carried out in three phases which are expected to be completed sometime around February 2018.

Thursday’s announcement is the first part of a three-phase process of the OMB’s effort to reorganize the government.

The first phase will conclude on June 30, when agencies will report back to the OMB regarding how they want to reorganize. Effectively, what requirements (reports, procedures, etc.) they decided are an inefficient use of their time and money.

The second phase will come on September 30. Agencies will be required then to turn in their budget proposal and their final recommendations for reorganization.

The final phase comes in February 2018, with the final government-wide reorganization plan is slated for release.

Imagine that, someone actually considering effectiveness and efficiency metrics in drafting government regulations?

Mulvaney's full memo can be viewed here: http://www.zerohedge.com/news/2017-06-15/budget-director-mulvaney-releases-phase-1-plan-slash-government-waste

TF is my precious metals mentor, and I have learned A LOT from him and the whole community here.

I have found that I tend to invest better when I write about it.  I have been writing Seeking Alpha articles for about a year, focusing on energy, commodities and precious metals.  

More people read precious metals articles than many others, so over the past couple of months, I have become the #2 precious metals author on Seeking Alpha.  Only Avi Gilburt is ahead of me!

I am working on red-pilling many on that forum.  If you give me a few clicks, then maybe I can dethrone Avi :-)

Again, TF is the MAN and my mentor from afar.  Here are some links to some of my precious metals content. 

1. https://seekingalpha.com/article/4080932-federal-reserve-1300-gold
2. https://seekingalpha.com/instablog/14584222-viking-analytics/4998174-introduction-gold-market-manipulation
3. https://seekingalpha.com/article/4080479-example-using-gld-puts-hedge-precious-metal-long-position
4. https://seekingalpha.com/article/4078743-spock-never-buy-jnug-nugt

THANKS!

VA

I'm not ashamed

I just referenced a comment I found interesting

I couldn't stop laughing. What an over reaction.

Drink a glass of Malbec

Another Bullshit comment.  Jail bankers and Central Bankers.  Trillions spent on corruption.  Cutting budget is peanuts and eye wash.  Jail jail jail.  No alternative.  Screwing the populace is nothing but traitorous, corrupt diversion.

Who knows who the trolls are?  I don't. I don't care. I care about ideas not ad hominem attacks.

The fact remains that I have been in the metals since 1995 and saw in 2013 TPTB were going to control the metals until, "the cows come home" so what to do? The fact is that "this troll" makes salient points and the only reason his points are salient is because they ring true to some degree.  Why is that I, a regular guy, could recognize the obvious when the PM leaders droned on and on about how the comex would soon default, but never ever admit their error and continue single minded without ever responding to the changing environment?  I say these leaders have done a disservice to their constituents by not adapting and growing just as Greg Mannarino has in recognizing the value of the cryptos. 

The object is to survive the ending of the Keynesian economic experiment. NOT to always be right but to see when you are wrong and admit that.  The negative of that just gives more ammunition to the Trolls......

Edit: Interesting vs great comment; really? One is accepted while the other results in excoriation?   Really? Is speaking the truth insulting? I had no intent (which is something you nor anyone else can determine) of insulting any one.  I simply want, as I always have wanted, to tell the truth. How about reasoned response?  Is that too much to ask?

Malbec anyone?

They are the scum of the internet. That DarkPurpleHaze guy is a troll. That I know. If you Google the definition of Troll.

The people who work in this analysis business, the PM and Crypto side, are very passionate and most have the greater good in mind. They have their reasons for their beliefs whether to be cautious with cryptos or to jump in.

Ultimately, just like everything else in this new information age, it is the responsibility of the individual to reason and make their decisions. 

If BTC doesn't get back above 2700 for the next few years due to TPTB algos and manipulation, those who took your advice, bought at 2999 and are assholes of human beings will blame you for their decision and Troll you regardless of whether you admit you were wrong or not.

Is a wonderful thing. Now. If you could just hand me through to the teleporter I can show you how wonderful I couldcanwillhavebeenare. Ta

Whoopsie - Did I just splinch myself?

I have taken every precaution that I could think of to protect myself & the PeopleILove.

We have a few oz of PMs, lots of love & some preps thanks to a nutty mum.

I leave the other things up to them. They also get it and are at the same time looking at the opportunities that present for the immediate circumstances. How can cryptos not be immediate circumstances? I have a small trove of lighters for special events & trade. What is the difference?

Make what you can of what you have IMHO. Do it now.