Capitalism, politics and the markets
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In this show Al discusses:
- Segment 1 – Don Swenson, known for his blog Kingdom Economics, discusses today’s version of capitalism.
- Segment 2 – Al discusses resource industry issues with Yale Simpson, Chairman of Exeter Resources and Extorre Gold.
- Segment 3 – Al and Bob Moriarty discuss the markets.
- Segment 4 – Al discusses politics with Mickey Fulp, The Mercenary Geologist.
- Segment 5 – Al opens up the second half of the show with Dr. Donald Robinson, President of Eastmain Resources.
- Segment 6 – Al and Roger Wiegand discuss Aurcana which Trader Rog follows in his newsletter.
- Segment 7 – Al and Marshall Berol discuss honesty and full disclosure necessary in our industry.
- Segment 8 – Al wraps up the show with Trader Rog.
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
Superdobbs,
How about, Donald Trump for Pres. and Ron Paul for V.P
Donald could shake it up, real estate would surely go up,
and we would have gold as a currency.
Trump and Paul would be much better candidates than McCain and Palin were!
The gig is up! It really doesn’t matter who the puppet is in the White House! Gov. Christy of NJ maybe the only one that could possibly turn the tide, but he’s not running. Everyone better have their house in order, the next four years is going to get CRAZY!
Doug
Trump/Paul works for me.
I’m astonished that people would have voted for McCain/Palin. What game changing policies would they have brought to the table that were different than Obama/Biden that would have put America in a better position today?
Next, Mr. Superdobbs, what is wrong with someone using Affirmative Action to get themselves to a better position in life? Sorry Mr. Caucasian but things have never been equal in this country. There has been and always will be race and sex discrimination. That’s why programs such as Affirmative Action and Title IX are in existence.
Next how is Obama hate filled? Is it because he actually wants to work with people (with different beliefs) in this world instead of fighting with them? Is it because he’s black with an extended family that was brought up on Islam? George Bush sent us into 2 wars and war is hate filled? But I doubt you or many others (including myself) will say George Bush is hate filled.
I don’t agree with some of the financial policies Obama or Bush but to say Obama is hate filled and Anti-American is garbage. Instead of worrying who is and isn’t a real American, go and make an impact in your community, city, and state and if you want to really make a change, run for political office. If you don’t want to do that, stop slinging your hate behind your keyboard.
“Concerned_Independent”…..errrr, ahhhhh, I mean misguided Liberal,
The only people slinging hate from behind keyboards are the Left Wing troglodytes who cant compete in a Free Market System and need a government subsidy to pay for their daily intake of Little Debbie Snack Cakes and Soda Pop.
Face the facts, sweetheart. Obama is a nobody. A zero! An empty suit that talks real sweet until the Teleprompter is powered off. Like it or not, McCain retired a commissioned officer from the United States Navy, a far greater accomplishment than any mid-night basketball tournament set up by Obama. Palin was far more accomplished than Obama too. She’d successfully run businesses in Alaska and served in the Executive Branch as the State Governor. Hate it and weep! The McCain/Palin ticket had far more qualifications than the current regime.
Affirmative Action is a racist policy where honest hardworking Americans are penalized in order to accommodate and promote lesser qualified peoples because of their skin color. Affirmative Action survives today for one reason only. So the Democratic Party can continue its choke-hold on Americans who have descended from Slavery.
“Sorry Mr. Caucasian”, I’m not sure what your point is here, but it reads like you’re either a racist of full of self-hatred.
“Obama wants to work with different people around?” LOL! He wants an audience with the world so he can bad mouth America.
Oh yes, Obama is full of racist hatred. Here, get educated; Obama sat in the Black United “Church” for 20 years because he believed in the hate filled philosophies spewed out by Jeremiah Wright- an avowed anti-American Racist, Obama sided with Henry Louis Gates, a Black Racist who masquerades as a College Professor, over an honest police officer before knowing the facts, and under Obama’s direction, Eric Holder will not address Black Panther Racists and the voter intimidation methods used against people of European Heritage.
Judging by your emotionally charged post, you’ve given yourself away as a typical Left Wing Autobot waiting to be instructed. In case you havnt realized, the Kereport is for winners, not mealy mouthed losers. So kindly take your drivel and post it on a Soro’s inspired hate-venture like Moveon.hate, Huff-n-Puff Hate or the Daily Kook.
God Bless America! Get real or get out!!
NB: As far as making an impact goes, I share my research with people everywhere I go. You’d be impressed, even the dumbest spoon feed Liberals are beginning to wake up. So, why don’t you!
You are right about Obama, but when will the dumbest spoon fed “conservatives” wake up? Modern conservatives are anything but conservative. They love deficit spending and coercion as much as any liberal. If KER is for winners, why don’t you understand that it was Bush’s spending like a drunk, unemployed teenage girl with limitless credit cards that has accelerated the demise of the dollar. Obama has merely picked up where he left off. By the way, quit calling democrats liberals. Liberal, like liberty, comes from the Latin “liber” which means free. Most people are too ignorant to know that the classical liberal, like Thomas Jefferson, was very much what people THINK a conservative is today: pro free markets, limited government, individual rights, sound money, etc. So obviously, you should quit calling republicans conservatives as well; for they are all Keynesians as Nixon declared.
On the issue of illegal residents, Mitt Romney once scoffed at the notion that we could put 12 million people on buses and send them home. Well, has Mitt or anyone considered that they would all take themselves home if the U.S. would simply enforce existing laws by jailing those who employ the undocumented? There is one party with two faces in the U.S. If you consider yourself red or blue, your mind is black. Fools!
Seg.3… Bob, is a great speaker, but, I think each investor
needs to know about the cycle of this investment.
Long term, the cycle is up….Stocks, real estate, all
investments have cycles.
Is’nt this investment,,,, insurance
Taking money off the table would indicate that there
is something better to invest in , when you get the cash
you are taking a chance that the dollar will not go down
and the commodity will not go up..
Anyone listening to you , and not in silver as an investment
might never get in.. which would be a mistake, if you believe
in the cycle…are we or are we not in a 28 year cycle?
Jerry,
I agree with your view point. Unless you have your portfolio in a Tax – Free or Tax Deferred status you can’t afford to pay the tax rates on the gains. Why give up a position when you know the asset class is only going higher over the next several years. Markets will go up and down, but the long term trend is higher! Your age is another factor that certaninly comes into play as well, ie: Al and Bob
Doug
Seg. 4 AL, you are correct on the bean bag….they say,
never take a knife to a gun fight.
PS SEG.3, tell Bob M. , That I read 321gold. everyday,great info.
as well as Bob H. on the other network and have followed each
of you for over 5 years. thanks for all the hard work.
Obama plus Bernanke plus the Department of Labor Statistics equal prevarication.
Because all three lack veracity, when the dollar falls, it will be sudden and precipitious.
Capitalism – no wealth-redistribution, flat tax, no class warfare, sovereign cash supply, economy not controlled by private “bankers”.
Communism – the opposite of capitalism.
Immigration wouldn’t even be an issue if this was capitalism and we had full employment.
We don’t use capital, we use communal because this system is actually….
That Mickie Fulp is one tough hombre but I wonder if he would reconsider his Libyian intervention views after reading this: http://blogs.telegraph.co.uk/news/danielhannan/100078516/five-reasons-not-to-intervene-in-libya/
Hannan is hardly a mush brained liberal peacenik.
And as far as Obammie bowing to people, I’m not for it but what bothers me much more is how much of my income he and his criminal gang (both Demopublicans and Republocrats) steal from me and the breathtaking amounts of debt these criminals have and continue to run up.
Anyhoo, it was good to hear from Bob Moriarty again. Haven’t heard his voice in a long time and was wondering what happened to him. Heck, I was gonna put his mug on a milk jug to help find him!
I think the KER Trio has arrived. Big Al on the accordian with Rog singing and Bob doing a jig. Mickey can be the bouncer because he’s one tough hombre. Guess ya gotta be when you’re a mercenary geologist.
I sent an E-mail back in mid 2010 to Bob Moriarty about silver and how Bob Hoye has never liked it. And Moriarty sent me a return E-mail blasting me as if I insulted his mother. He added that silver and the silver miners were going down big time. That was back in mid 2010 when silver was $15 / oz.. If I had listened to him back then I would have missed out on +140 % gains in the metal as well as several hundred percent gains in the silver shares. In his E-mail to me, as usual, he acted as if Bob Hoye was a God, because he got a passed prediction right.
Sorry Bob but once again I’m going to ignor your warnings on silver. I DON’T believe its going to $20 / oz. I am one of those who knows its going to $50 then $100 then $!50 etc.
Both Bobs have been wrong about silver so far and will continue to be in the future.
I agree with you dude. Those who actually pay attention know that Hoye has been very wrong for the last 6 months or so; but he won’t admit it. Some humility would be nice. Many so called experts are wrong footed at the moment. The most important turns in a bull market are invariably the trickiest. The bigger the profit potential, the better ones analysis must be.
“Thinking is the hardest work there is, which is probably why so few people engage in it.”
–Henry Ford
Yes he has indeed! I think Bob Hoye is great but he has been dead wrong on silver and often has a swipe at the ‘silver bugs’ which surprises me a bit. You would think they were ‘interventionist economists’ who are the other category of humanity that he rightfully swipes frequently. If we get another credit contraction, I suppose he might be right; the gold:silver ratio might spike and blast silver back to 20 but we don’t seem to be at the top of the markets yet for that to happen.
Anyway, the Dow and S&P500 turned down in Oct 2007 and silver didn’t make a top until March 2008 with oil topping in May 2008 if I recall correctly. Well we haven’t yet seen a definite 2011 top in the SP500, so there seems to be a green light for silver and oil for the time being perhaps.
Bob Hoye is very much a deflationist ultimately – I feel and he doesn’t think that the Fed can debase the dollar to zero and that the dollar will rally and smash the markets down. I’m not so sure. The Fed managed to extend more credit in 2002-2007 and maybe they can do it this time. Bernanke mentioned that interest rates ‘should be’ several % NEGATIVE at the moment, so he is probably looking to do the equivalent with QE2.1, QE3, QE4, etc., so for me the trend is my friend until it ends.
I do worry though that so many commentators seem to be so bullish on silver right now.
Bob Moriarty doesn’t consider silver to be money. Pretty weird or better, completely stupid to have that conviction. Since Bob M. is a pretty stubborn person he will probably maintain his wrong view.
Bob Hoye has been very, very arrogant in his judgment about silver. Laughing about the silver “supply and demand fools” etc. etc.
Stubborn Bob & Arrogant Bob …
I also agree with you, Dude. I let my mainstream investment advisor talk me out of my precious metals equities last summer just before the Big 2010 Silver Rally — among other things, he used the statement “gold is at an all-time high” as justification — just as Bob did in this segment. Well… when something breaks a 4-month resistance level to make a new high, it usually means it’s found a new support level and will continue to climb.
It is absolutely amazing that so many, like Fulp, actually believe that Bush, or Reagan for that matter, were materially different than Obama. We can blame ALL of the presidents of the last century, or NONE. All have been slave to a debt-based, Ponzi monetary system that MUST expand, or it will collapse. Reagan had the good fortune of taking the reins when the U.S. was still the largest creditor on earth. We have now slid about 200 places, to largest debtor. Reagan was the first president to spend more than all previous presidents combined; and first to reach a trillion $ deficit. His outrageous policies weren’t viewed as such for many reasons. Most important was the fact that the entire commodities complex was in correction mode and still digesting the huge gains of the 1970’s. This, combined with increased efficiencies in production due to strides in technology, hid the consequences for the dollar…in the future! And here we are. The point is that any good times the ’80’s saw, were despite Reagan – not because of him. We won’t even go into the huge increase in the size of government due to him. Remember this: government employees pay no taxes, no matter how much they give back, they are all net tax recipients and, therefore are a drag on the economy and prosperity.
Govern=control, ment=mind
Yup. DemoCrook or RepubloCon, the are just two differenc wings of the same crooked bird of prey. The AmeroCon government is a government of the criminals, for the criminals, by the criminals and is the most successful criminal enterprise the world has ever known.
And the AmeroCon people think it’s the greatest system the world has ever known and they think the are free. What fools. AmeroCons are more brainwashed than the people of the Soviet Union. At least the could see that their government was a tragic joke and they let it collapse.
Ken… great post.. AMERICANS…Libery and freedom, god and country.
Check out American history, A. Jackson 1837
The current parties are the same…..
I believe that in 1837 , there was a party call DEMOCATIC REPUBLICAN
this is the two headed snake….one body, this is what we have today
the same body, doing the same old ways……Taking our Liberty and Freedom
for their benefits……EVERYONE TALKS, SO LET HAVE SOME ACTION
BEFORE AMERICA IS GONE FOREVER ,
IT does not matter if you are black, white, yellow or purple…
Freedom and liberty have no color .
Thanks, Jerry. I tell ya though, I’m not optimistic about the American people seeing the light and doing somehting about it. And if they did, the people who really run this country would probably grind them into the dirt like bugs. But I do wish the American people would wake up, and I do wish the y key on my keyboard wouldn’t stick 🙂 Well, at least I can fix the latter right now.
Gentlemen and Ladies,
I am a realist combined with an eternally optimistic temperament. Even so, it is easy to become jaded and pessimistic. I have to fight that animal every day. I agree with many writers that we are in deep “doodoo”, economically, monetarily, politically, socially, and spiritually. But, I do believe that Americans are waking up. Look at the recent “trouncing” the socialists received in Congress, the rise of grassroots social movements like the Tea Party, along with many local splinter groups. One in particular comes to mind located in Frederick, MD called “The Forgotten Man”, which is excellent. (Google it) Within my circle of friends and coworkers, I have seen a definate move toward more conservative ideas, a healthy realization that we(America collectively) made a horrible mistake with Obama, and yes Bush, and going back many years before him. Within the last 5 years look at the number of hard-hitting, conservative books that have come out, exposing so much of the waste and corruption in gov’t, exposing the evil and insidious goals and strategies of the “one-worlders”, “neo-socialist marxists”, money hucksters, etc.. There seems to be an awakening happening, albeit ever so slowly as to be almost imperceptible. You have to take the time and make the effort to discern it, but I believe it is happening. Now, whether it will mature soon enough is another question, but I am hopeful. God Bless!
OK, which one of you pissed off Bob? 🙂
http://www.321gold.com/editorials/moriarty/moriarty030811.html
Silly ol’ Bob. He missed the last 10 bucks in silver, maybe even 20. Yet he wants us to ignore the last 5 or 10! Sure, silver WILL correct, but not quite yet in my humble (and fully invested opinion). Tops simply do not look like this. Never mind the 76 RSI and a price 50% above the 50 wma, the short term top is still likely a week or three away. On silver’s next $15 move being to the down side, I would say 1) anyone can extrapolate silver’s action of the last decade, and, 2) the next $15 move has a 51% chance of being to the upside. In an environment of wrong gurus littering the landscape, Bob’s call is as BULLISH as one of CNBC’s money-honeys screaming SELL! Further, didn’t we all watch Bob call the top in gold no less than THREE times in 2009 before he got it right. Like Larry Edelson, Bob is full of himself. Just so I’m clear, I don’t fault him for being wrong, it’s that he’s an ass that annoys…slightly. BM happens. Sorry.
Why does Bob Moriarty hate silver so much???
This site , is sure good for the info. and
glade to see so much indepth conversation,
from long time listeners. Good to compare thinking
Hope we are not all crazy.
Dany, the guy who pissed off Bob made the front of lewrockwell.com
Hello! cbegcek interesting cbegcek site! I’m really like it! Very, very cbegcek good!
Great segment with the Mercenary!
Clearly, Barack Obama hates America and has a lot of animosity for people of European Heritage. He is more concerned with the well being of Muslims than the safety of American citizens. Also, he and AG Eric Holder are activily promoting Black Racism.
To this day, I am absolutely astonished Americans voted for this impotent novice. Didnt they look at his background? There’s nothing to the guy, except milking Affirmative Action his entire life. Again, I reiterate the guy’s incredible lack of experience and depth, yet the zombies lined right up and did what the MSM instructed them to do- “Vote for Change”…
Wake up America! Vote this hate-filled, Muslim sympathizing, anti-American racist out of office in 2012! It’s time for a Real American to be President again!