Catching Up with Denver Dave


The last two weeks have been pretty crazy in the "markets". I felt I needed to talk things through so I rang up Dave Kranzler earlier today to get his opinion on things.

As you'll note, this was a pretty informal discussion. Dave and I simply discuss the recent gyrations in stocks, the ongoing yield spike in the bond market and into what kind of jam, if any, this places Chief Goon Powell and his Fed.

I hope you find this interesting and helpful.


p.s. We had some issues with Skype while recording and the audio cut out intermittently. I've done my best to seamlessly edit it together but you might notice a few gaps.


Feb 16, 2018 - 11:15am

Congratulations on your moves, Jim

It's a great feeling to step back from the DEBTFIATTAXPONZI paradigm. No debt, low or no taxes except those completely unavoidable, as little counterparty risk as possible. It's a good feeling---relaxing---almost serene when one looks back on the stress of running as fast as we can to stay in the same place

Two thoughts came to mind

We practice austerity for posterity.

Living on less is the austerity part.

The posterity part is maintain our capital base so people important to our lives will receive something of value from us

When a politician mentions austerity he means more stuff for him and more austerity for us.

If he mentions posterity it's code for more taxes to build stuff for him and his ilk.

One thought on bankers. If you feel good after meeting with a banker, check your senses. It's likely it's the same feeling just before you upchuck. The reason and effects are the same, just as too many shooters of tequila in short order produce this effect.

Mickey When I hear the word Going Concern mentioned in any compilation report from a CPA my immediate concern is if the company will keep going. Cash flow management is more important than anyone can imagine until their cash flow is unmanageable.

Feb 16, 2018 - 10:08am

excellent reminder truthseeker

national parks and many natural resources mean the same thing

J Siefert
Feb 16, 2018 - 9:59am

Preparing to Grabbing those Litecoin Cash Coins

I thought this YouTube by Crypto Dad was a useful, if overly detailed, account of how to grab those coins.

Video unavailable
Feb 16, 2018 - 9:43am

The Sweet Spot!

Well, we all look for that place, a removal of excess taxes, and regulations, becoming somewhat free in retirement. For many years, we were paying six figures in income and SS taxes. We felt like we were working for Uncle Sam, keeping him supplied with fiat funds while we worked like dogs.

Our retirement bugout position is working. The place to be is; Zero debt, home and rentals paid for, zero mortgages, a couple of stacked coins, plenty of fiat and an income from SS. Hoping to balance income and expenses, resting in the sweet spot. Well, yesterday, my CPA wanted me to pick up our income tax forms. I paid exactly $49 for the 2017 tax season. (Can you see the smile on my face?) Jim

Feb 16, 2018 - 9:31am

Going Concern audit

I started 50 years ago in a CPA firm as a junior auditor.

A going concern opinion was rendered when the company was in trouble and the ability to continue operations was its ability to raise funds to cover cash flow losses.

If you read the internal control letter link I posted the US is or should be a "Going Concern" entity.

And if you pay heed you do not want to be holding Dollars which are IOUS of actually the Fed which is also a "Going Concern"entity" as are most of the big banks.

Throw in Companies like Amazon, Netflix and Tesla, mostly mentioned because they burn lots of cash and do not pay income taxes and they are a good portion of the reason why the market is valued so high.

The Russell 2000 index, last I looked had no PE as it has so many start up biotech companies that burn thru cash that are "going concern"

States and Cities are going concern as are pension plans.

its a daisy chain and if one thing implodes, stand back and watch the dominos fall.

Feb 16, 2018 - 9:21am
Feb 16, 2018 - 9:14am

Mind control?

Derren Brown ~ Assassin ~ Full Episode ~

old but downright scary, just shows what is possible !!!

Feb 16, 2018 - 9:11am

Ain't' that the truth Mickey

After reading CH Smith's recent article, the Weimar effect will visit our shores. Checking the vertical chart of Venezuela's Bolivar, now 240,000 to one US Dollar, this hyperinflationary trend will hit all the major economies that are in debt to their eyeballs and no hope of repaying said debt. All government subsidies and entitlements are chopped by half as revenue runs out or credit induced inflation rises so quickly that the average pension check value is cut in half by the time it hits an bank account. That bank account is subject to bail ins, meaning that all funds above a certain amount are taken by the government to bail in the crony banks. Inflation steals with one hand. Bail ins steal with the other.

If one wants to see how The Great Keynesian experiment ends, Cyprus and Venezuela are its poster children. Hyperinflation coupled with bail ins. The last great wealth confiscation in action. Gold and silver will finally see their day in the sun if the supply chains remain intact.

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NW VIEWBen Stackin
Feb 16, 2018 - 9:11am

@ Ben Stakin

Your post and sign, as to how it was 40 years ago, in high school, is just scratching the surface of our current problems. I remember well, over 50 years ago in high school, as we brought our rifles to school, left them in our old truck gun rack and headed out for deer and elk season right when school was out.

There are a few other things that we had. Mr. R., the shop teacher, also had a large wooden paddle and use it on us when we needed it. There were plenty of Christian students, bibles in the library, abortions (killing your own children) were illegal. I did not know anyone on mind altering medications like today, transforming them into snowflakes. My math teacher would talk to me about good morals and faith in Christ, even though I had zero understanding.

The girls had to wear dresses and if they dressed in a way not acceptable to the staff, she was sent home. No purple hair, tattoos, tongue rings and not even guages.

Side note: I loved to walk this babe, a knockout of a young woman, in high school, to the local cafe during lunch time. Chili and a basket of fries and even a possible smooch on the way back to school. Yep, she is in the kitchen making morning coffee, right now.

Nothing will fix the transformation that has taken place in our schools. The enemy has lodged upon the branches of almost everything and now we are stuck with the outcomes. jmo Jim

Feb 16, 2018 - 9:07am

Short squeeze for dollar shorts?

Looks like is heading higher.

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Key Economic Events Week of 1/18

1/19 10:00 ET Mother for SecTreas hearing
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1/21 ECB meeting and rate decision
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1/22 9:45 ET Markit flash PMIs (Jan)

Key Economic Events Week of 1/11

1/11 12:00 ET Goon Bostic speech
1/12 10:00 ET JOLTS job openings
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1/13 2:00 ET Beige Book
1/14 8:30 ET Import price index
1/14 12:30 ET Chief Goon Powell
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1/15 10:00 ET Business Inventories

Key Economic Events Week of 1/4

1/4 9:45 ET Markit manu PMI
1/4 10:00 ET Construction Spending
1/5 Georgia U.S. Senate election
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Key Economic Events Week of 12/21

12/21 8:30 ET Chicago Fed
12/22 8:30 ET Q3 GDP final guess
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12/23 8:30 ET Core Inflation

Key Economic Events Week of 12/14

12/15 8:30 ET Import Price Index
12/15 8:30 ET Empire State Index
12/15 9:15 ET Cap Ute and Ind Prod
12/16 8:30 ET Retail Sales
12/16 9:45 ET Markit flash PMIs Dec
12/16 10:00 ET Business Inventories
12/16 2:00 ET FOMC Fedlines
12/16 2:30 ET Chief Goon Powell presser
12/17 8:30 ET Philly Fed
12/18 8:30 ET Current Account Deficit
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Key Economic Events Week of 12/7

12/8 8:30 ET Productivity & Unit Labor Costs
12/9 10:00 ET JOLTS jop openings
12/9 10:00 ET Wholesale Inventories
12/10 8:30 ET CPI
12/11 8:30 ET PPI

Key Economic Events Week of 11/30

11/30 9:45 ET Chicago PMI
12/1 9:45 ET Markit Manu PMI Nov
12/1 10:00 ET ISM Manu PMI Nov
12/2 8:15 ET ADP Employment Report
12/3 9:45 ET Markit Services PMI Nov
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12/4 8:30 ET BLSBS
12/4 8:30 ET US Trade Deficit Nov
12/4 10:00 ET Factory Orders

Key Economic Events Week of 11/23

11/23 9:45 ET Markit flash PMIs
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11/24 9:00 ET Case-Shiller home prices
11/24 10:00 ET Consumer Confidence
11/24 11:00 ET Goon Bullard
11/24 12:00 ET Goon Williams
11/24 12:45 ET Goon Chlamydia
11/25 8:30 ET Q3 GDP 2nd guess
11/25 8:30 ET Durable Goods
11/25 10:00 ET Personal Inc and Spend
11/25 10:00 ET Core inflation
11/26 US Market holiday

Key Economic Events Week of 11/16

11/16 2:00 pm ET Goon Chlamydia
11/17 8:30 ET Retail Sales
11/17 8:30 ET Import Price Index
11/17 9:15 ET Cap Ute and Ind Prod
11/17 10:00 ET Business Inventories
11/17 1:00 pm ET Chief Goon Powell
11/18 8:30 ET Housing Starts
11/18 1:20 pm ET Goon Bullard
11/19 8:30 ET Jobless claims
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Key Economic Events Week of 11/9

11/9 1:30 pm ET Goon Mester
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11/10 10:00 ET JOLTS job openings
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11/11 Veteran's Day. Bond market closed.
11/12 8:30 ET CPI
11/12 11:45 ET Chief Goon Powell
11/12 2:00 pm ET Federal budget
11/13 7:00 ET Goon Williams
11/13 8:30 ET PPI
11/13 8:30 ET Goon Bullard
11/13 10:00 ET Consumer sentiment

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