Great show today especially listening to David Morgan and James Turk.

James is a perma bull, David has wavered but this year he is with the perma bulls.

Bob morairty is a prick.

Here is an article defending me:

http://silverdoctors.blogspot.com/2011/08/bob-moriarty-compares-silver-to-housing.html

In the past he has bashed silver while probably shorting it.

Please gentlemen, don’t say ” gee I am quite shocked you would think that”.

Becaue they are so well connected, we have to read and listen to them 3x to find the hidden message.

“Social class..warfare”….sturred up by the Pres….is to distract the herd of serfs , from waging war on the politicans…
A “distraction” from the real problem…,
as a kentuckian might say, “them there polly-tishans”

EGS Webmaster services looks interesting.

Send me his contact info.

Thanks!

A great show from Vancouver, thank you Big Al !
About internet security, the last segment in the show, there are lots of things we can do to protect our personal data on the web. I avoid too much online shopping and I don’t do online banking. When I use a free email, I usually use an alias and not my phone and address, and I don’t use my real name. Even on this site, I don’t use my last name since it’s unique and easily found.
Working for a Fortune 100 company in their IT department as a software engineer and product manager, I’ve seen how most companies are somewhat slow in reacting to data protection from hackers, but after loosing a few million dollars of data or prestige, they usually come around and make the necessary investments. You’d even be surprised how big companies lack polished systems for their implementation of protecting their data and systems and they still have a long ways to go.

Al and everyone: Why is it so many precious metal holders or bulls talk about gold and silver in terms of highs and lows in reference to currency per unit weight instead of weight per unit currency?

My opinion on this is because of several things. People use currency as money in the numerator for buying and selling, $/share, $/pound, $/barrel etc. Because of this things are compared by how many $ it takes to buy something not how much weight or gallons of something buys a dollar, Therefore “Wealth” is most of the time viewed in how many dollars a person has, but this does not mean this person has value. The realization in difference between value and wealth are not normally considered except when wealth is perceived to be much less than before, such as when serious health issues arise, or the currency drops in value a great deal or scarcity and prices of day to day needs rises substantially. Economists attach a great deal of importance to “expectations” but view it differently even in the same school. However one aspect of “expectations” that nearly all economists see similar, is when some significant changes occurs such as war, earthquakes, big announcement from governments or their central banks. Sentiment then changes abruptly and the importance of value becomes more important where perceived wealth is less important.

Reason I mention the above is because in recent years I have seen abrupt changes occur more often with lesser time between these events. Volatility is rising along with uncertainty. Therefore we can expect considerations of value to begin taking on more importance than currency perceived wealth. This is exactly what I think the Federal Reserve wants and is the basis of Jim Rickards view of “Currency Wars”.

James Turk is in my opinion one of Al’s frequent guests that has the above understood better than most of the rest. If I have doubt or agree about something someone said, I will think what James Turk would say before making my decision. There are few people I admire more than Mr. Turk.

This creates a mindset in people to put lesser attention or concern about the value of something and more the desire to make or retain “Wealth”

most people I know just want a job.
GOP won the war on big labor.

Bob Moriarty, He is a good guy and more than just smart.

On August 1, Moriarty said: “I’ll get a lot of grief for saying it but silver has had its bull market top.”
Note that he did not say “silver put in an intermediate term top.” What he said was explicit; which might lead one to wonder how someone with his experience could be so foolish. Others might wonder if he is trying to aid the health and longevity of the bull market by keeping the dumb money out as long as possible. Perhaps he doesn’t understand the monetary system. I don’t know. Whatever the case, his call did not add to his credibility.

Good show al.
I have a great deal of respect for Mr. Moriarity.
I did my time with the military thank goodness it was peacetime, my dad finished his time in germany 1945, my grandfather 1914/18 was at vimy ridge which is a notable day in our military history.
I was so pro government I didnt use tax deduction believing support of government was a good thing. Now that I found out that all of it was just for bank profit I use every deduction I can. I see no pride in killing/harming anyone or going thru hell for a bank.

Iraq,Afganistan,Vietnam was/is a crime against humanity and so are the other invasions as Iran,Venesuala,Nicaragua,Cuba will be should it happen.
I have refused to fly for years as I see security as molesting children teaching them its ok as long as the molester is in uniform.
Mr. Moriarity has chosen not to support any of it and left the country not to support these guys as he see no winning. I respect that.He could be right.
I refuse to go to the U.S. as it is a police state, I used to visit regularly.
I see gold as insurance and silver doing 2 things, as Max says “off the market, bring down the banks” the other is profit.
As for the internet, just more counterparty risk, the risks we take today with ivesting are incredible, we probobly dont even see them all. I access my trading account online but I dont kid myself, I know there are many ways to loose it all in an instant with no repricutions to the entity that steals it.
I personally agree with Bob and James
, instead of currency in the bank its pm for savings.
Investing can be profitable but it is a corrupt/ rigged market,we do not have price discovery with free markets.
In any case I dont agree with everything anybody says except Ron Paul, but I have seen Mr Moriarity as a patriotic and intelligent man. As for him leaving the states, I can only suggest there are times for stratigic withdrawl.
Thanks again for your work Al and thanks to everyone else too.

Everyone, especially Jerry and James–

My Dad’s a Marine Viet Vet. His buddy from High school was shot down over N.VN and spent 6 years in Hanoi Hilton. Agent Orange contamination is a myth (IMHO), and your comments are ill-informed and out of line. Let’s keep an open mind, and judge the man by the merits of his ideas.

I for one honor him for his service, and having been the victim of ID theft in the last month welcome his commentary. I have no doubt he is far wiser than I, but for now I remain long Silver, and long Silver MIners, and maintain SAE’s in my family emergency kit!

And it goes without saying that Big Al is wise when he says “listen to everyone and make up your own mind.” The Hagakure (Way of the Samurai) says “…The highest way is in discussion with others” and “For serious affairs that bear directly on oneself, if one does not take care of things by making his own judgement, …matters will not be brought to a close.” You will not prosper from holding Silver, but only when you exchange it in your own time for something of lesser of equal value!

Big Love to you Big Al for your Big Temperance!

Martin C

Morning benb,

Thanks for our opinions. As you probably know, I agree with most of them.

I appreciate your taking the time to contribute to this site with your thoughts.

Big Al

Hi Al

I generally adhere to your mantra and listen to a wide variety and diverse commentary and and yes that sometimes include CNBC although I give far more credibility to the European version of the show as their commentary seem more balanced and they still seem to have some journalistic freedom unlike the US version which seems so contrived.

While I like your show I sometimes feel you tend to stray into areas which for me, this being an investment show, appear a little off topic and irrelevant. While I accept that its your show and you can say what you want I feel there is no point making comments about complex things that you make a passing comment on and then leave it. Some of the issues you raise cannot be tackled in the two minutes you give them and, therefore, just become a generalisation and not a meaningful comment nor a solution.

My main gripe is that you seem to confuse the words social and socialism as if they were one in the same or interchangeable. (Not just this show) Having lived in the the US for 18, months and I know that’s not probably long enough, and having watched and taken an more than a passing interest in American politics, I can only say how misguided people seem to be if they believe that for example healthcare and education are some form of commodity and that end up in the domain of the wealthy. I would put it to you that healthcare and education are essential for any country to go forward and should be within the reach of all citizens which in turn benefits the country as a whole. Some doctors and educators should take a real long hard look at themselves. When I was in the US I was also appalled to hear that a bill to expand public transport in Seattle (where I lived) was the thin edge of the wedge and a slippery slop to socialism. As I travelled down the 405 towards Renton I couldn’t help but reflect on how dumb those comments were as I drove past the 5 lanes of traffic at a stand still at the ‘s curves’. All the time the arguments were raging on how they should shutdown the MOV lanes and no new buses because it was undemocratic, social engineering (socialism) and it was every persons right to own a car. Unbelievable!

If I could be so bold and point out to you that in New York the home of capitalism they have have some very good public transport. No socialism there!

There needs to better access to education, healthcare and projects like public transport for all and they should never have become part of the realm of entrepreneur in the way they have. Without breaking this cycle of current thinking then it does not matter what government is in place and that the US will continue to track down the same path.

I guess this is a call for social justice and social norms.

I think your comments on civil unrest in the USA are not unfounded, however, the situation was well set up by the Bush Government a long time ago. After all he started the bailout process. You may think that Barrack Obama is to blame but I think what he is pointing out is the cause and effect of the current American way and that if you don’t start getting on top of this rampant greed and go back to a more conservative form of capitalism the consequences of those actions will be fulfilled.

Before I get electronically keelhauled on your site I am not advocating free education or free healthcare nor am I advocating that there be restrictions on peoples freedoms I am merely pointing out that a number of people go through life with blinkers on and can’t see any other way to conduct themselves other than their own way. Furthermore, the leadership in the US should have done more to stop this whole mess in the first place. It’s all very well and good for those people to come out now and tell every one what to do and how to fix it, but where were they when it was starting to go all pear shape. If the average family can manage their affairs in a responsible way why can’t the leadership both in government and business, in which so much is entrusted to, do their jobs properly. To that end they were all complicit and are just as much to blame.

My mantra hear is that I believe in working hard and getting ahead and having empathy (being socially minded) for my fellow human, but what I would like to believe is that my efforts are not just for myself but that I have made a contribution to the country in such a way that others will benefit as well and I from their efforts. Furthermore, given that I have helped my country in a positive way I would like to think that my country would also give something back to me along the way to ensure my and my family’s life is a better one.

This is balance.

I know what some of you will say and make a number of general comments about bums and welfare cheats etc and I agree. But when the system is responsible for exacerbating the problem then it’s hardly the peoples fault. No point playing a game of musical chairs when there are 10 people playing and only seven chairs. I think you get my point in all this.

Cheers
TonyW

Tony, you have some good points. On the other hand, government uses inefficient practices when trying to accomplish huge tasks such as mass transit. They way underestimate large projects, get the public to buy in at the lower rates, then drag out the projects and overtax the public. If there were a way to make them more efficient like “for profit” companies, they would be better stewards of our taxpayer money. Unforetunately, politics seems to always get in the way and drag out and delay results. That’s one reason that China can leap frog over us when it comes to maintaining the country infrastructure. What do you think?

I was a little disappointed Big Al, you did not discover a bunch of new interesting companies for us to check out.