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gfs543 - 4/1/2020 at 11:14 PM GMT
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 Ayn Rand's Hymn To Money  (9)
 - Antal E. Fekete - Gold University
Thank you, Professor Fekete, for an outstanding tribute to honest money. 
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J. - 3/26/2020 at 7:50 PM GMT
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 Black Swans, Dead Cats, Live Bats, and Goodbye to All That  (6)
 - James Howard Kunstler - 
We will have to wait and see. It all comes down to demand. The current glut of supply will probably take a couple of years to clear. After that, if there is sufficient demand for energy, then there will be ready supply. 
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Answer To :rokdok25 - 3/22/2020 at 10:53 PM GMT
J - surely James' point is that shale oil is fundamentally uneconomic, in the past and certainly in the present. If and when the wheels of industry crank up again in the USA it won't on the back of shale oil production - unless it is heavily subsidised by taxpayers. Cheaper oil from competing OPEC producers will be available as will the developing non-fossil fuel alternatives.
 
J. - 3/16/2020 at 5:33 PM GMT
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 Black Swans, Dead Cats, Live Bats, and Goodbye to All That  (6)
 - James Howard Kunstler - 
JHK - sometimes I wonder if you understand economics. Oil is cheap 'because' demand is down, and supply is way up. So, energy inputs to the economy are dirt cheap right now, the time when you need it actually to restart the wheels of industry. Bad for energy producers, but good for everybody else. Perhaps in the long run, more than ten years out, shale will peter out, but for now, there's more cheap energy than market for it. Regarding politics, the Demo candidates remind me of those two elderly muppets in the balcony. ;-) 
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Themis - 3/15/2020 at 9:26 PM GMT
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 Black Swans, Dead Cats, Live Bats, and Goodbye to All That  (6)
 - James Howard Kunstler - 
I suspect Hillary, or her clone, is waiting in the Dem wings. 
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Themis - 3/15/2020 at 9:22 PM GMT
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 Like WTF Gold Crashes with Stocks!
 - Adrian Ash - Bullion Vault
What I don't see in this article is a differentiation between the price of paper and physical gold, which I believe to be decoupling. 
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S W. - 3/10/2020 at 4:47 PM GMT
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 Doomsday
 - Lew Rockwell - 
I drink 2 Coronas every evening and that is more than enough immunity IMO ? Maybe I will up it to 4 just in case. BTW if the shit really does hit the fan you will need more than the ability to grow some food. I'm getting an arsenal. 
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J. - 3/9/2020 at 8:10 PM GMT
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 Things Take a Turn  (3)
 - James Howard Kunstler - 
JHK may be correct as far as the world of finance goes. but to say that will bring about a world made by hand, is a bit of a stretch. However, if he is correct, and supply chains collapse and food production becomes a 19tth Century cottage industry, then we will likewise back track to a 19th Century population. That means digging about 6 billion graves, by hand. Gypsy, in addition to the tractor and plow, you better have the ability to defend it. A tide of human locusts of biblical proportions will be emanating from the cities, if JHK is correct. The "potential for disorder" is the understatement of the millennium. 
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Gypsy - 3/9/2020 at 5:20 PM GMT
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 Things Take a Turn  (3)
 - James Howard Kunstler - 
Step Back Non-Believers ~ you folks are gonna see The Predictions of James come true. I still have my tractor, my plow, my disk, my roto-tiller, my seeds and my land with the creek running through it. I feel like all those gardens I've been planting, year-after-year, were just "practice". I'm not happy, even though I've got The Demo down to a science. Food Production is a LOT of work ! ! I was gonna go on a Long Deserved Vacation ~ ALL SUMMER ! ! James: we're gettin' too old (6 AUG 48 -I'm 71) for this shit. 
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user4779 - 3/21/2015 at 9:15 AM GMT
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 Warren Buffet on Gold  (5)
 - Food for thought - 24hgold
The Martian will notice, if he observes long enough, that very occasionally these vaulted reserves are spent. In the second world war, Britain spent a significant part of her gold reserve in buying essential supplies from the United States. Without these vital supplies, Britain would have collapsed. An important role for gold reserves, even in the absence of a monetary gold standard, is to serve as insurance at a time of extreme threat to the nation. We all hope that they are never used, and fortunately they rarely are, but that does not invalidate keeping them. 
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c4.carbon - 3/6/2014 at 7:03 AM GMT
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 Warren Buffet on Gold  (5)
 - Food for thought - 24hgold
true ! but we are only humans , a very primitive species ! 
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Jim C. - 7/7/2011 at 10:54 PM GMT
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 Ayn Rand's Hymn To Money  (9)
 - Antal E. Fekete - Gold University
Though I hadn't read Rand's hymn to money in decades, it's still as fresh and logical as the day it was written. It is amazing how many current economists have been influenced by her works -- even Greenspan. A shame he dropped his ideals and began a bagman for the Fed. 
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