Marc other than the home I live in real estate as an investment is not in my DNA, yet its a fact the gains in real estate have rewarded more investors than any other investment in my life time.

Because of my background liquidity and momentum are my biggest reasons for investing in anything….if I don’t like a trend I’m a mouse click away from being 100% liquid with a cash position as I wait for confirmation as to where momentum is trending.

I’m not married to any investment as making money is not about “hope” its about momentum…without it, its dead money…the devaluation of the $ will continue imo so pm’s makes sense to me. Its also a sector that we have advisors who have become Billionaires from correct calls holding my hand while I hold 7 fig positions…it helps me sleep at night as my portfolio has no room for ego…I’ll continue to ride their advice, their correct FREE advice!….funny thing human nature so many believe if they aren’t paying for financial advice it has no worth…imo 90% within the investment business recieve a pq every 2 weeks for nothing

I do have friends back in Toronto that have done very well as landlords …its just not to my liking

Good luck to you…..

No disrespect to Marc, JJ. I too simply do not understand real estate. I am about 25% invested in it, but that does not mean that I understand it. I simply understand diversification.

Best,

Big Al

JJ,
Read your comments below…..makes perfect sense for you….all the best to you too.

I agree Marc,

Unfortunately Big Al is sitting on a condo which is down about 30% from where we purchased it which was not at the high. If you consider the high we would be down about 45%!

By the way, the Dawgs are looking pretty good again!

Big Al

The official price was $35 but gold routinely traded above that in 1971. So, even dividing the current price of 1678 by 40 instead of 35 still gives us a 42 fold increase. 48 fold using the official price at the time.

Al,
The above link to the I Married Joan episode “Wall Safe” is classic 1950’s TV.
I was negative 11 in 1954.
You may have been at Arnold’s Drive In or assigned to hold the rabbit ear for reception.
25 minutes of the circus of escapism depending on how full your perception glass is.
Check out the 1954 era golf glubs Jim Backus is sporting.

Debt free currency is honest currency. That is what Franklin attempted to explain. But of course, since that can in no way fit with your positionning, you won`t even read the stuff. You know all there is to know about the world, and everything else is, how you say, pure B.S.

Did I get that right?

Almost. Franklin didn’t want gold or debt backing. If you want hyperinflation sooner rather than later, Franklin did provide the solution.

I also do not place any faith in any representatives or collectivized solutions.
Whether God or Mother Nature is responsible for gold, it makes better money than anything else. This is why bad governments do NOT want it in the hands of their people, to be traded freely, tax-free. If governments were forced to borrow or take (tax) real money that is limited in supply, the people would be far more alert to how the government is using it. They wouldn’t be wandering so aimlessly through life totally disconnected from reality. Everyone would know that anything and everything the government does comes at a price. Everyone would know that the government does not bring prosperity, but threatens it with everything it does.

So we know why certain interests in government don’t like gold, but why do so many regular people dislike it? The answer is obviously ignorance. Other assets don’t face the same animosity or skepticism. No one ever says “you can’t eat T-bills” but this and many other dumb comments are made by unthinking people about gold. Just a couple of days ago some idiot commented here that “gold investors are so easy to fool.” Yeah, what kind of fool attaches themselves to a raging secular bull market while the rest of the world pays $700 for a share of Apple? But I digress…a little.

Gold does not need improving, people do.

Maybe a little history about currency would help you understand gold is no garantee of an involved, knowledgeable and vigilant population NOR of a limited small government. I would have no problem with making a constitutional amendment to remove once and for all gold and silver from the reach of the tax man, but currency, needs to be debt free and in full control of the elected body that votes to tax.

“The financiers always manage to have removed from school books all that can throw light on their own schemes, and damage the glow that protects their power.

Franklin, who was one of the chief architects of the American independence, wrote it clearly:

“The Colonies would gladly have borne the little tax on tea and other matters had it not been the poverty caused by the bad influence of the English bankers on the Parliament, which has caused in the Colonies hatred of England and the Revolutionary War.”

This point of view of Franklin was confirmed by great statesmen of his era: John Adams, Jefferson, and several others. A remarkable English historian, John Twells, wrote, speaking of the money of the Colonies, the Colonial Scrip:

“It was the monetary system under which America’s Colonies flourished to such an extent that Edmund Burke was able to write about them: ‘Nothing in the history of the world resembles their progress. It was a sound and beneficial system, and its effects led to the happiness of the people.'” John Twells adds:

“In a bad hour, the British Parliament took away from America its representative money, forbade any further issue of bills of credit, these bills ceasing to be legal tender, and ordered that all taxes should be paid in coins. Consider now the consequences: this restriction of the medium of exchange paralyzed all the industrial energies of the people. Ruin took place in these once flourishing Colonies; most rigorous distress visited every family and every business, discontent became desperation, and reached a point, to use the words of Dr. Johnson, when human nature rises up and asserts its rights.”

Another writer, Peter Cooper, expresses himself along the same lines. After having said how Franklin had explained to the London Parliament the cause of the prosperity of the Colonies, he wrote:

“After Franklin gave explanations on the true cause of the prosperity of the Colonies, the Parliament exacted laws forbidding the use of this money in the payment of taxes. This decision brought so many drawbacks and so much poverty to the people that it was the main cause of the Revolution. The suppression of the Colonial money was a much more important reason for the general uprising than the Tea and Stamp Act.”

Today, in America as well as in Europe, we are under the regime of the Scrip of the Bankers instead of the scrip of the nation. Hence the public debts, everlasting interest charges, taxes that plunder purchasing power, with the only result being a consolidation of the financial dictatorship.”

http://www.planetization.org/prosperity.htm

“The government should create, issue, and circulate all the currency
and credits needed to satisfy the spending power of the government and
the buying power of consumers. By adoption of these principles, the
taxpayers will be saved immense sums of interest. Money will cease to
be master and become the servant of humanity.” – Abraham Lincoln

“Maybe a little history about currency would help you understand gold is no garantee of an involved, knowledgeable and vigilant population NOR of a limited small government.”
-The absence of gold IS a guarantee that the population will be led astray and that the government will grow wildly out of control. The absence of gold assures the absence of individual liberty.
Since you “would have no problem with making a constitutional amendment to remove once and for all gold and silver from the reach of the tax man…” I would have no problem with the rest of your scheme.
We will simply never agree. I believe that the government should have no control over the money, while you believe that it should have total control.

Abe, by the way, was a tyrant. His war absolutely ended the American experiment. Thanks to him, the states were no longer united by choice, but by force. The federal government went from servant to master of the states. The fact that the establishment, both Ds and Rs, continues to promote him with such enthusiasm should be a clue to any thinking person that something is fishy.
http://personalliberty.com/2011/02/11/abraham-lincoln-political-tyrant/

If you’re not a contrarian on most important events in financial or political history, there is something wrong with your research.

“The absence of gold IS a guarantee that the population will be led astray and that the government will grow wildly out of control. The absence of gold assures the absence of individual liberty.” – I am of the opinion that sociopaths, which make up 4 to 5% of the population, are naturally attracted to positions of power, as it allows them to fulfill their crooked personnality bents. So government will always end up corrupt if the people do not keep watch over what is going on.

“Those who expect to reap the blessings of freedom must, like men, undergo the fatigue of supporting it.” — Thomas Paine: The American Crisis, No. 4,1777

“Abe, by the way, was a tyrant.” – Those who would stand in judgement of the actions of the the man, good or bad, should also include the fact that the British Empire never gave up on putting an end to the American Experiment of self-governance. Braking up the Union as always been in the cards.

“If I could save the Union without freeing any slave I would do it, and if I could save it by freeing all the slaves I would do it; and if I could save it by freeing some and leaving others alone I would also do that. What I do about slavery, and the colored race, I do because I believe it helps to save the Union; and what I forbear, I forbear because I do not believe it would help to save the Union.” (Letter to Horace Greeley, August 22, 1862)

Since you “would have no problem with making a constitutional amendment to remove once and for all gold and silver from the reach of the tax man…” I would have no problem with the rest of your scheme. – Keep that in mind. I hope some day a man of courage, backed by knowledgeable citizens able and willing to step up to the same position, will bring this to We, The People.

“If you’re not a contrarian on most important events in financial or political history, there is something wrong with your research.” – If you believe austrians and libertarians are contrarians, I would revisit your research as well.

The Marx conspiracy is probably the most obvious since it is obvious rule by the elite. It is fascism with a pretty ribbon, where the bankers and corporations have an absolute monopoly.

The Keynes conspiracy is the mainstream conspiracy. However, it is starting to become clear to the people that the republican democracy is a myth. It is starting to become clear that our government serves the banking and corporate elite, and not the people and rule of law.

The Mises conspiracy is a little less obvious since it most emulates classical liberalism, though corrupting the understanding. However, the cautious student of the Ludwig von Mises Institute and libertarianism will realize that things aren’t adding up.

http://libertyrevival.wordpress.com/documents/economic-conspiracy/

Missive,

You make some really great points, thank you!

Big Al

Wow. That Keith Gardner is a FOOL. In the second paragraph of the article in your link, he writes, “Mises arbitrarily distributes wealth to the individual, often in the hands of the corporations and non-productive elite.” What an idiot. Mises and the Austrians don’t “distribute” “arbitrarily” or otherwise, anything to anyone. His focus on the Rockefeller Foundation is idiotic as well. Did it ever occur to him that such foundations can be as bureaucratic as any government? Funds can be granted by simply making a request. Funds could also be given with the intent to gain sway over an organization after the organization gets spoiled by the support. I do not know what knowledgable people of the time thought of the Rockefeller Foundation, nor do I know what kind of tension might have existed between rival economists/schools of thought, but the support itself could have been a way to discredit Mises -guilt by association. If the Austrian School is just “the other white meat” then why is it that my neighbor’s niece, who just got her degree in economics, had NEVER even heard of Mises or Rothbard until I asked her about them? It’s pretty shocking that any school would not even mention them even if only to discredit them. No, their names were treated like kryptonite. Like Ron Paul. As Goebbels said, the truth is the mortal enemy of the lie.
The full quote:

“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”

You should read the exchange below the article between Keith Gardner and John Ingram. This Gardner punk writes like he’s texting. His “reasoning” was easily trumped by Ingram’s.

“…Fool…idiot…idiotic…” – Thanks for telling us how you feel. Must be a joy to have a quiet conversation with you at the diner table.

Mises’ association with the Rockefeller is a fact. Austrian economics as no more legitimacy in the real world than Keynesian Economics or else.

From my studies, only “Raw Materials Economics” holds water from every angle, no matter what the politicians do. It is also the best at forecasting short and long term economic numbers. Thanks to it, I may soon feel confident enough to get fully back in the market with reasonable expectation of beating the averages.

By the way, Ron Paul diverted a lot of We, The People’s energy away so we would not regain control of at least on of the two heads running the show, do you not see that now?

I do appreciate the exposure of the principles of liberty he allowed to be in the mainstream media, but that is about where it ended, intentionally or not.

Gardner also said “inflation hurts a lot less than taxation” what an idiot. I’m sorry you’re so fragile, but calling an idiot an idiot is the quickest way to show disrespect, which was my goal. Gardner was also not very respectful to his superior, John Ingram.
You’ll be happy to know that I am a delight at the dinner table.

I never denied the Rockefeller funding, I am just pointing out that it means nothing. If the Rockefellers funded the guy who determined that the earth is round, I guess you would conclude that it was flat after all.

From your studies only RME holds water? Please, I’ve seen your logic at work. RME is more of a religion for you.

With a good knowledge of Austrian Economics, you wouldn’t have to be sceered of any market. But leave the speculating to those who understand reality.

Maybe you should hit the talk show circuit to help the poor, misguided Al Korelin, Jim Puplava, Peter Schiff, and all those poor millionaires and billionaires who might be tuning in.

Millionaires and billionaires? Me?

Best,

Big Al

you can’t even understand how deflation is theft, so i shouldn’t even expect you to understand how gold and “free currency” are trick mechanisms of usury and theft, especially when used as legal tender for payment of land rents (taxes). there is no hope for you to understand how money as credit is theft and how gold is money as credit.

Afternoon my friend, whom I refuse to call “The Idiot”

Please explain how gold is a trick mechanism of usury and theft.

I believe that I do understand you in saying that “money as credit is theft and how gold is money as credit”. I think I do but it is not completely obvious. Could you elaborate?

Big Al

you don’t even understand high school economics 101: how deflation steals from production and how it brings production to a halt.

Not sure just who you are referring to here.

Again, please explain.

Thanks,

Big Al

the bilderbergs own all the horses in race, including ron paul, and the people who believe ron paul is any different are the biggest fools because it has caused you to not only not understand the basic fundamentals of classical liberalism but has also caused you to not understand the basics of high school economics 101. david rockefeller, peter thiel, and ron paul has played you like a fool.

My friend, who for some reasons calls himself “The Idiot”,

I know Ron Paul personally and can attest that he is definitely much different from most of the conventional politicians that we currently have.

Big Al

They use to play me like a fool. However, I started to do my own research and believe in my own intuition rather than trust false prophets like Ron Paul. When will you stop being an idiot?

If you are addressing me, the answer is when you can explain why to you Ron Paul is a false prophet.

Thanks,

Big Al

here are some quotes for you to read. all them validated by me.

i’m sure you’re not capable of reading something like wealth of nations yourself, so i’ll be sure the next time i read the text that i will provide you some quotes from adam smith on how misguided your ideas of a “free market” in continental currency are and why they were banned in article 1.10 of the u.s. constitution.

“It is absurd to say that our country can issue $30,000,000 in bonds and not $30,000,000 in currency. Both are promises to pay; but one promise fattens the usurer, and the other helps the people. If the currency issued by the Government were no good, then the bonds issued would be no good either. It is a terrible situation when the Government, to increase the national wealth, must go into debt and submit to ruinous interest charges at the hands of men who control the fictitious values of gold.” — Thomas Edison

“Once a nation parts with the control of its currency and credit, it matters not who makes the laws. Usury once in control will wreck any nation. Until the control of the issue of currency and credit is restored to government and recognized as its most conspicuous and sacred responsibility, all talk of the sovereignty of Parliament and of Democracy is idle and futile.” — Canadian P.M., William Lyon Mackenzie King

“Thou shalt not lend upon usury (interest) to thy brother, interest on the money, or on anything that is lent with interest.” — Deuteronomy 23:19

“Men did not make the earth… It is the value of the improvement only, and not the earth itself, that is individual property… Every proprietor owes to the community a ground rent for the land which he holds.” — Thomas Paine

“When the ‘sacredness of property’ is talked about it should always be remembered that any such sacredness does not belong in the same degree to landed property No man made the land. It is the general inheritance of the whole species.” — J.S. Mill

“Another means of silently lessening the inequality of property is to exempt all from taxation below a certain point, and to tax the higher portions of property in geometrical progression as they rise. ” — Thomas Jefferson

“Wherever, in any country, there are idle lands and unemployed poor, it is clear that the laws of property have been so far extended as to violate natural right.” — Thomas Jefferson

“For as labor cannot produce without the use of land, the denial of the equal right to use of land is necessarily the denial of the right of labor to its own produce.” — Henry George

“In my opinion, the least bad tax is the property tax on the unimproved value of land, the Henry George argument…” — Milton Friedman

“Moreover the profit of the Earth is for all….” — Ecclesiastes 5:9

“Behold that which I have seen: it is good and comely for one to eat and to drink, and to enjoy the good of all his labour that he taketh under the sun all the days of his life, which God giveth him: for it is his portion.” — Ecclesiastes 5:18

“The land shall not be sold for ever: for the land is Mine, for ye are strangers and sojourners with Me. And in all the land of your possession ye shall grant a redemption for the land.” — Leviticus 25:23-24

No, my friend, you are not The Idiot.

Big Al

and it’s time for me to stop trying to teach fools and those trying to steal wealth in their sleep and time for me to go toil and earn an living so i can support the lifestyles of the true parasites on society, the land horders and the usurers.

I think that you definitely have the wrong moniker “The Idiot” as you are far from being an idiot.

I agree “The only fool is one who runs their mouth without doing their own research.”

You make some interesting points, particularly about those who you call the parasites.

More later,

Big Al

Austrian economics does not “redistribute” anything that the involved parties did not agree to.

“High school economics 101: how deflation steals from production and how it brings production to a halt.” ??? -So you are a Keynesian and …?

“inflation is a minor progressive tax on holding the currency when caused by printing a pure usury-free legal tender.” I love it. Deflation is theft, but inflation is a “tax.”

Thou shall not lend at interest. -Well good luck financing anything if you expect anyone to risk their savings and get nothing in return.

It is telling that your motto there at http://libertyrevival.wordpress.com/ is “Join, or Die” So you try to coerce the unsuspecting and confused to your camp by playing to their fear? Or is that an outright threat? Either way, you Greenbackers need help.
http://www.garynorth.com/public/9117.cfm

Your comment is awaiting moderation.
Austrian economics does not “redistribute” anything that the involved parties did not agree to.
“High school economics 101: how deflation steals from production and how it brings production to a halt.” ??? -So you are a Keynesian and …?
“inflation is a minor progressive tax on holding the currency when caused by printing a pure usury-free legal tender.” I love it. Deflation is theft, but inflation is a “tax.”
Thou shall not lend at interest. -Well good luck financing anything if you expect anyone to risk their savings and get nothing in return.
It is telling that your motto there at libertyrevival is “Join, or Die” So you try to coerce the unsuspecting and confused to your camp by playing to their fear? Or is that an outright threat? Either way, you Greenbackers need help.
http://www.garynorth.com/public/9117.cfm

TheIdiot – Tame your prose and show respect to your interlocutor, it`ll make for a more enjoyable experience for all.

the greenback/continental wasn’t considered credit/tax until it was demonetized.

the continental endured inflation during due to massissive counterfeiting by the british army. the greenback traded on par with gold.

inflation is a minor progressive tax on holding the currency when caused by printing a pure usury-free legal tender.

inflation under our current system is a regressive tax paid to bankers as income taxes are a regressive tax paid to holders of national debt, holders which are not economizing and investing in real production.

inflation under a gold system is a regressive tax paid to owners of gold mines and holders of gold as they mine and dump gold into the system and a regressive tax paid to bankers who use it for the issue of notes/credit with a partial backing of gold.

deflation under any system is pure destruction and theft that halts economic production, and which steals value from inventories, land, real capital, and toil and hands it to those who merely hold an inventory of gold.

or any inventory of money which experiences deflation…

the name of the game is to borrow the inflationary currency and accumulate the deflationary currency….. which is fraud of the wealthy magnified with “free market currency”, at the expense of the working class.

FU

I believe that when one is arguing for an asset based currency, the asset in question is not of a great consequence. (Within reason!)

Big Al