Gold manipulation and the Middle East
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In this show Al discusses:
- Segment 1 – How the Korelin Economics Report radio show began, and Al takes listener questions.
- Segment 2 – GATA members Chris Powell and Adrian Douglas answers listeners questions.
- Segment 3 -continuation from Segment 2.
- Segment 4 – Jeff Pontius introduces his companies International Tower Hill Mines and Corvus Gold.
- Segment 5 – Sean Hyman, of The Sovereign Society, discusses currencies.
- Segment 6 – Sean Brodrick, of Weiss Research, discusses the potential Mideast impact on the price of gold.
- Segment 7 – Rob Grey, Vice President of Exeter Resources and Extorre Gold, gives a Canadian prospective on the current events in the Middle East and their potential relationship to the price of gold.
- Segment 8 – Brien Lundin on gold, currency issues and the impact of geopolitical issues on investing.
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
If I buy a wheelbarrow from you for $20, you loaned it to me until you in turn purchase something with that $20. If you rent me the wheelbarrow, it is reasonable that you get a percentage of everything I haul with it as a rental fee if that is what we agree to. In the first case, I either earned the $20 or borrowed it into circulation. If I borrowed it, I need to capture it back to fulfill my debt. If I earned the $20, the person who borrowed it into circulation has to capture it to fulfill his debt. The point is – we are all producers exchanging the debt to make our transactions fluent. If I have to give the book keeper a percentage of everything I haul just for keeping track of who borrowed the $20 in the first place – that is slavery. He is renting me book entries – bank discount. The “gold standard” is not going to expose what is going on. A steel wheelbarrow works just as good as a gold one. A steel coin scratches lotto tickets….
But what if you pay Big Al and Trader Rodge $20 to sing Lady of Spain and play the accordian? They can’t get a percent of what your ears do with that song. 🙂
Now they can use the $20 to trade among themselves or with someone else. They are trading my debt because I borrowed it from the “bank”. The book keeper gets a percentage of the twenty because I am paying “interest” to him for creating a book entry. I will sell the record I made of them and eventually capture the principle from other producers plus sell something to the book keeper to cover the “interest” before I go bankrupt. The record goes gold, so I give Al and Rog each a Gold Record. If we just gave everyone a little debt as they enter the market, we wouldn’t have parasites. We would have full employment. Stock values would be nothin’ but blue chip.
So does that mean Big Al and Trader Rodge are not going to sing?
Just loan everyone a “wheelbarrow” so to speak as they enter the market. They would get the cash to trade for it from the Internal Revenue and Cash Service. Hypothetically, if the current value of a wheelbarrow is $20, they would each get $20. You in turn put the guy to work building more “wheelbarrows” with the cash you captured. He eventually fulfils his debt to the IRCS($20) as new producers enter the market. We eventually have a lot of wheelbarrows to be pooled together at a brokerage for construction projects and business ventures of all sizes. Eventually the world will be covered in wheelbarrows – my dream. There really doesn’t have to be any unemployment. Really.
Okay, shmucks. I will be back to you in the morning.
By the way, what the hell is wrong with the Lady of Spain.
You guys are great,
Big Accordion Player Al
>By the way, what the hell is wrong with the Lady of Spain.
I love the Lady of Spain. I’d throw in an extra $20 if you can get Bob Moriarty to do a jig to it. I think you, Trader Rodge and Bob could be quite a trio!
To the multi-talented, Mr. Big-Mariachi-Man Al,
Got a question re. the “Arab Lobby”. We know that the Arabs are deeply imbedded with the Gov’t/Media/Oil complex, but would they have any effect on the gold/silver prices, especially now as the Petro-dollar is loosing its luster/appeal as the denominated oil currency? Brazil, Russian, India, and China are already trading and buying amonsgt themselves using other currencies, namely the Yuan, Renmimbi, and the Real, I think. Correct me if I’m wrong. Many thanks for a great show!
Dan
[…] Here is the link: http://www.kereport.com/2011/02/05/gold-manipulation-middle-east/ […]
Hey Big Al, can you really play the accordian and sing Lady of Spain?
I think I speak for everyone here when I request a Big Al/Trader Rodge duet for next week!