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Profile and commentaries of 8310508
8310508
Member since December 2010
Followed by 0 memberFollows 0 member
39 commentaries, with 2 Replies
4 replies to his comments (10%)
Average Note : 87 / 100 for 16 rated commentaries  20  3 
Last commentary posted on Friday, June 14, 2019
 
 Profile Commentaries Followed By Following 
 Theodore Butler - Butler Research
The CFTC’s Summer Camp Letter  (1)
I have followed the daily and intra-day prices of silver for most of the last 10 years. I am not a speculator, but a small investor interested in maintaining a good part of my retirement money in precious metals, as I have for over 20 years. Given the current volatility of world stock markets, that seems like a reasonable and historically valid diversification. It has been obvious to me that even the intra-day ...
6/14/2019 at 12:07 AM  1  0  Rating :  1 Permalink
 James Howard Kunstler
Sometimes Things Turn  (5)
I would like to thank you for turning a hundred years of American history into a succinct and subjective account of what has gone wrong in this country and the world. There is no going back, but hopefully we can find some manner of reasonable accommodation with the world as it is. By the way, I also had a Davy Crockett hat.
6/13/2019 at 9:56 PM  4  0  Rating :  4 Permalink
 Egon von Greyerz - Matterhorn AM
“THE VALUE OF THE DOLLAR HAS NO GUARANTEE WHATSOEVER”  (1)
Great article!! But of course it cannot deal with surviving in the aftermath of a complete collapse of the existing monetary system and the means of producing and distributing vital necessities. Possession of gold would only make someone a target. A combination of gold, guns, and stockpiling would only last so long.
2/11/2019 at 10:28 PMPermalink
 Oilprice.com - oilprice.com
Meet The World’s Most Powerful Bitcoin Backers  (1)
Why run a business or work for one when you can mine bitcoins for the price of the servers and electricity? The higher the price of bitcoin, the more profitable it is to mine it. Why buy them from someone else? Why doesn't the Federal Reserve mine or buy bitcoins to pay off their debt. Same for the US Treasury department and the EU.
Of course, you might find it difficult to eat if all the farmers are busy mi...
12/7/2017 at 11:54 PMPermalink
 Mac Slavo - ShtfPlan
Should you sell all of your gold and silver to go “All-In” on Bitcoin and Ethereum  (1)
Has someone rewritten the legal tender laws? They tried this sort of thing many years ago with the $25 dollar silver Ron Paul coin. It didn't go well. A lot of silver, coins and certificates were seized. That was at least real silver. Now we have Crypto currencies which can apparently supplant the US dollar (and others), in apparently unlimited supply. At least until quantum entanglement cracks the blockchain....
8/9/2017 at 4:43 AMPermalink
 Peter Schiff - Euro Pacific Capital
Here Comes Quantitative Tightening  (3)
With Bitcoin and its other virtual (unreal) , crypto (secret and unverifiable) currency competitors, why do we even have to worry about the Federal Reserve's "control of the money supply". Bitcoin can apparently expand and shrink a market supply monetary value according to speculative market demand. Also, as seen in the runup to the Great Recession, traditional market derivatives and Eurodollar lending can mu...
6/19/2017 at 12:15 AMPermalink
 James Howard Kunstler
Death to All Zombies!  (6)
Thanks !! Our present situation perfectly described. And in terms that all of us, excepting of course the politicians and financial engineers, can understand.
6/27/2016 at 8:12 PMPermalink
 Jason Hamlin - Gold Stock Bull
Gold and Silver Soar on Brexit Vote but Mining Stocks Remain Vastly Undervalued  (1)
US Gold confiscation again possible?
For those investors wondering how to allocate their gold investments between stocks, paper certificates, and physical gold and silver, you might want to read a short history of gold regulation in the US:

In 1933, President Roosevelt outlawed the ownership or possession of monetary gold by any US individual, partnership, association or corporation. Executive Order...
6/26/2016 at 3:38 PMPermalink
 Sprott Money
The Fed’s “Four Horsemen” Unite - Jeff Nielson  (2)
Wow! What an incredibly prescient quote by Thomas Jefferson. If he had mentioned financial derivatives, we WOULD have to call him a prophet. As for Janet Yellen, we can't really blame her. Watching her talk, I am fairly sure that she is not a real human being at all, but rather an inanimate creature born of the collaboration of Walt Disney and Max Headroom, and programmed by Alan Greenspan to insure that nothing...
4/18/2016 at 2:55 AMPermalink
 John Rubino - Dollar Collapse
Here We Go Again: Banks Are Imploding  (1)
What is going to happen NEXT Monday? The Shanghai markets are closed all this week for the Lunar New Year. Monday morning ( or Sunday night U.S. time ) should be quite a show!!
2/12/2016 at 2:27 AMPermalink
 Andy Hoffman - Miles Franklin
THE ONLY MARKETS THAT DON’T NEED “HELP”  (3)
Silver is much better suited than gold to decentralized and local marketplaces, and barter. This is true regardless of whether or not we are envisioning some apocalyptic future, or just the occasional dislocations of hacked ATM and credit systems, the end of paper money, or the failure of the US dollar ( or Euro, Yuan, or Ruble). You can only cut a gold coin into so many pieces. The disfunctional so-called...
12/6/2015 at 4:00 AM  2  0  Rating :  2 1 AnswerPermalink
 Richard J. Greene - Thunder Capital
Put 10 of your assets in gold and pray it doesn't work.  (7)
Regarding the death penalty, the author is apparently referring to the Coinage Act of 1792.

"Section 19. Penalty on debasing the coins.
And be it further enacted, That

if any of the gold or silver coins which
shall be struck or coined at the said mint
shall be debased or made worse as to the
proportion of the fine gold or fine silver
therein contained, or shall be of less w...
11/27/2015 at 8:00 PMPermalink
 Ron Paul
Does the Bell Toll for the Fed  (4)
Great article!! The Fed has over the years (and certainly not singlehandedly) altered the very concept of what money is. Besides the debt itself, there is bank leverage, derivatives, options, and other exotic multiplications of real monetary value, interconnected and hidden liabilities, "innovative" accounting, and the resulting failure of individuals, businesses, state and local governments, and federal entiti...
11/17/2015 at 6:33 PM  1  0  Rating :  1 Permalink
 John Rubino - Dollar Collapse
Ominous Parallels: The Roman Empire, The European Union, And Mass Migration  (2)
Regarding the United States and the Roman Empire, the parallels are very clear:

Debasement of the currency.

A small elite that increasingly controls a greater percentage of of the wealth.

The overextension of our military and influence into regions that eventually become indefensible, and the expensive misuse of the concept of what is " in our National Interest".

Overreliance ...
11/17/2015 at 3:46 AM  1  0  Rating :  1 Permalink
 James Howard Kunstler
Something Happened  (13)
Great article and great comment by dennyc !!!
Please send to Federal Reserve ASAP before they make any possibly collusive decisions.
I am SO concerned for their potential future culpability.
10/28/2015 at 3:36 PMPermalink
 Chris Powell - GATA
'Gold bugs' aren't the great concealers; central banks and financial journalists are  (3)
Thanks for your insight on the history of silver coinage!! There are some interesting

inconsistencies in Lyndon Johnson's remarks when signing the 1965 Coinage Act.

He called it "the first fundamental change in our coinage in 173 years". Aparently he forgot about

the elimination and confiscation of US gold coins and other monetary gold by the government in

1933. At that tim...
10/19/2015 at 11:09 PM  2  0  Rating :  2 Permalink
 Mark O'Byrne - gold.ie
Billionaire Singer Says Gold Is “Under Owned” and “Only Real Money”  (1)
Good comment!!
Most US "dollars" are in fact the result of derivatives and leveraging. Unfortunately for the dollar - and other currencies - the era of deleveraging may be just beginning. The result could be a severe contraction of liquidity worldwide.
10/19/2015 at 9:39 PMPermalink
 Ron Paul
Congress and the Fed Refuse to Learn From Their Mistakes  (5)
Great idea!! Audit the Fed, and while we're at it, let's get someone to audit the gold vaults in Fort Knox and at the Federal Reserve's gold storage under Manhattan. And don't forget commodity exchange gold warehouse stocks. Congress and the Fed are to blame for our current situation, but the real enabler was the repeal of the Glass-Steagall Act in 1999. That left the banking industry free to do "whatever it ta...
9/29/2015 at 4:43 AM  1  0  Rating :  1 Permalink
 Michael Pento - Delta Global Advisors
In Defense of Gold  (1)
In 1933, President Roosevelt outlawed the ownership or possession of monetary gold by any

US individual, partnership, association or corporation. Executive Order 6102 required all US citizens

to deliver on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold

certificates owned by them to the Federal Reserve, in exchange for $20.67 per troy ounce. A ye...
9/29/2015 at 2:22 AM  0  1  Rating :  -1 Permalink
 Andy Hoffman - Miles Franklin
CATALON-ASTROPHE, PT. II – THE BEGINNING OF THE END OF THE EUROPEAN UNION  (2)
In 1933, President Roosevelt outlawed the ownership or possession of monetary gold by any

US individual, partnership, association or corporation. Executive Order 6102 required all US citizens to deliver on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold

certificates owned by them to the Federal Reserve, in exchange for $20.67 per troy ounce. A year
9/29/2015 at 2:15 AMPermalink
 James Howard Kunstler
Say Goodbye to Normal  (16)
Great article!
8/31/15 Dallas Fed manufacturing survey down -15.9 percent. 8/17/15 Empire State manufacturing down -14.9 percent.
Gee whiz! What happened to manufacturing in America?
9/1/2015 at 2:57 PM  1  0  Rating :  1 Permalink
 Mark O'Byrne - gold.ie
Einstein, Physics, Gold and The Formula To End Economic Decay  (1)
Real value in gold!
What will eventually happen to the precious metals market may perhaps be seen in this weeks movements in the oil market. I will suggest that once the derivatives traders realized that they could no longer make money driving down oil prices, they reversed course and drove prices up from a 37.90 low on Monday to a close of 45.26 on Friday. A gain of 19 percent on the basis price alone. On...
8/29/2015 at 5:27 PM  1  0  Rating :  1 Permalink
 Wolf Richter
‘Saturation’ Now Economic Reality in China. But this is Worse  (2)
Chinese Made Buicks in America? This is a great article which once again ties China's economic collapse
to its likely effect on the US economy! Of even more interest was your reference at the end to the
possibility of Chinese-made Buicks being sold in America. That would be yet another slap in the face to the US manufacturing base, after Ford and Oreos.

Also, the referenced article mentions t...
8/29/2015 at 3:04 AM  1  0  Rating :  1 Permalink
 John Rubino - Dollar Collapse
The Fed Talks And The Market Tanks. That's Different  (2)
The Fed talks to "The Hand". That is , the hand of the financial industry that feeds it, and which it in turn misbegottenly nurtures. The Market, despite speaking an entirely different and obscure language, may finally be talking to Reality. Maybe they use hand signs.
8/21/2015 at 3:31 AMPermalink
 Frank Shostak
Don’t Be Fooled By Our Current Price Stability  (4)
This is a very timely article. 8/17/2015 "Out of the blue, the Empire State (manufacturing) index has plunged deeply into negative column this month, to minus 14.92 in August vs plus 3.86 in July. This is by far the weakest reading of the recovery, since April 2009."
-From a summary of the quarterly Empire State Manufacturing Survey released on 8/17/2015 (credit to Bloomberg economic calendar)...
8/21/2015 at 2:47 AMPermalink
 George F. Smith - Barbarous Relic
It’s challenging to be a pessimistic libertarian  (4)
Thanks for the encouraging words for those of us who are personally optimistic, but with a decidedly pessimistic outlook on the rest of the world.
You can't argue with Clint Eastwood, nor apparently, with Donald Trump. He is the only candidate who even suggests that we can really restore truth, justice , and the American Way. The others are just pessimists with a plan, working within the same old failed s...
8/10/2015 at 5:11 PMPermalink
 Ron Paul
Iran Agreement Boosts Peace, Defeats Neocons  (7)
You have a point. The 2003 Iraq invasion is mostly now considered an ill-advised and unjustified destabilization, with regional & political consequences and (for the U.S.) huge financial costs. However, few civilized countries would disagree with our 2001 invasion of Afghanistan. Our rationale was very clear and unambiguous. We had the sympathy and support of the world community. In 1991, our military intervent...
7/28/2015 at 5:32 PMPermalink
 Jordan Roy Byrne - The Daily Gold
Gold Miners Nearing Rebound  (3)
Silver has already made a 50 cent down and up round trip as of 3:30. This is happening on a Friday, with the stock markets failing to make an advance after a spectacular Amazon earnings report. Possibly the mirage of the Bull Market, supported as it is by unprecedented quantitative easing, huge debt of all kinds, innovative methods of earnings calculation, and even outright government support in China ( some sa...
7/24/2015 at 9:47 PMPermalink
 Ron Paul
Iran Agreement Boosts Peace, Defeats Neocons  (7)
Doesn't anyone remember the Iran hostage crisis, when Iran held 52 American diplomats and citizens hostage for 444 days in 1979-1981. How about 1983, when the United States Marine Barracks in Beirut was attacked by suicide bombers. The attack killed 241 American servicemen, mostly Marines. The orders were believed to come from Iran. In 2004, the Iranian government erected a monument in Tehran to commemorate the ...
7/23/2015 at 6:30 PM  0  2  Rating :  -2 1 AnswerPermalink
 James Howard Kunstler
Trump Hits a Bump  (9)
What? The Donald is not "The One", who will save us from all the perils that confront us? Did he not
visit the Matrix's Oracle in Arizona. Or maybe it will instead be someone from Texas who saves us, a
place which I think still considers itself a separate country. Many world leaders have come from other countries: Stalin from Georgia (the USSR Republic), Hitler from Austria, Napoleon from Corsica, Jimm...
7/21/2015 at 2:33 AM  1  0  Rating :  1 Permalink
 James Howard Kunstler
Systemic Turmoil, Structural Reform  (10)
According to JP Morgan: "We are genetically evolved to waste gasoline, this is what we want to do as a people," he said. "And when the prices gets low enough, we will do that. But you can't do much of that immediately." - David Kelly, JP Morgan Funds chief strategist 17 July 2015 from CNBC.
Seems to me we are doing just fine with the wasting right now! As Saudi Arabia ramps up their fight against ISIS and ...
7/17/2015 at 8:31 PMPermalink
 John Rubino - Dollar Collapse
Greece Holds Out, Wins Even Worse Deal  (1)
Tsipras Manipulated.
For some time now, I've watched the obvious and total manipulation of the derivative precious metals markets with amazement (and some despair). Yet the apparent manipulation of Alexis Tsipras over the weekend was a complete horror. No doubt the Germans managed not to leave any obvious marks on the body, but his capitulation, given the support of his constituency, was incomprehensible. ...
7/13/2015 at 10:11 PM  1  0  Rating :  1 Permalink
 James Howard Kunstler
Greek Pudding  (7)
Your article clearly articulates, with the usual entertainment, yet another installment of the failures of central banking.!!

For some time now, I've watched the obvious and total manipulation of the derivative precious metals markets with amazement (and some despair).

Yet the apparent manipulation of Alexis Tsipras over the weekend was a complete horror. No doubt the Germans managed not to l...
7/13/2015 at 9:32 PM  2  0  Rating :  2 Permalink
 James Howard Kunstler
Welcome to Blackswansville  (11)
Thanks for another great article!! With regard to the fast and furious unraveling of untenable complexity:

While many commentators revisit the dot.com crash and the mortgage crash, few seem to remember or want to revisit Black Monday.
On Black Monday October 19, 1987, the S&P 500 fell 20.5% in ONE DAY, and the Dow Jones Industrial Average fell 22.6 %. Program computer trading (due to portfolio insu...
7/6/2015 at 5:57 PMPermalink
 Adam Hamilton - Zealllc
Fed's Full Normalization  (2)
This is a great article!! Just to set the record straight , however, the October 2008 drop of over 20 percent in the S&P500 was not the first in 101 years.
On Black Monday October 19, 1987, the S&P 500 fell 20.5% in ONE DAY, and the DJI fell 22.6 %. Program computer trading (due to portfolio insurance hedges) is usually given as the culprit, but excessive speculation played a part. Either way, I'm not look...
7/5/2015 at 10:01 PMPermalink
 Adam Hamilton - Zealllc
Fed's Full Normalization  (2)
This is a great article!! Just to set the record straight , however, the October 2008 drop of over 20 percent in the S&P500 was not the first in 101 years.
On Black Monday October 19, 1987, the S&P 500 fell 20.5% in ONE DAY, and the DJI fell 22.6 %. Program computer trading (due to portfolio insurance hedges) is usually given as the culprit, but excessive speculation played a part. Either way, I'm not look...
7/5/2015 at 9:55 PMPermalink
 James Howard Kunstler
English Spoken Here  (12)
Great article!! Now, when do we teach the British to speak English correctly.
5/6/2015 at 2:14 AM  1  0  Rating :  1 Permalink

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