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Profile and commentaries of Jim Roache
Jim Roache
Member since January 2010
Followed by 0 memberFollows 0 member
20 commentaries, with 0 Reply
0 reply to his comments (0%)
Average Note : 50 / 100 for 0 rated commentary  0  0 
Last commentary posted on Monday, July 4, 2011
 
 Profile Commentaries Followed By Following 
 Antal E. Fekete - Gold University
Farewell Address  (1)
There is a reason that Wikipedia is often the source of humour in comedy. And Eric Sprott may have done GSUL to fold tent as sponsor. Sprott Asset Management in withdrawing financial support because you "...weren't attracting enough interest to justify that ongoing expenditure" may have done you a big favour. Think of the whistleblower in the siver markets and what happened to him after testifying about manipula...
7/4/2011 at 10:21 PMPermalink
 Robert P. Murphy
The Gold Standard: Myths and Lies  (6)
Free Gold anyone?
6/27/2011 at 6:39 AMPermalink
 Theodore Butler - Butler Research
Speak up and be heard
Be heard? - Pardon my (our) cynicism. But I am not so naive. The law is bad and regulation is worse in regard to financial services - if the former were intact, a lot of people on Wall St would be in jail (2008); if the second were intact, GATA, among others would not have have been given a mere 5 minutes to say or do no more than present a whistle blower and reams of evidence at a public hearing - a signal in i...
5/16/2011 at 8:56 PMPermalink
 Chris Powell - GATA
Fed can keep most gold secrets but must yield one, judge rules  (1)
Well you don't need my 20 years as a national broadcaster to read that decision - or the reasons argued by the Fed that brought it about. A "No Comment" is always and forever the most eloguent COMMENT - so dumb, in fact, I often offered people a second chance, advising that it ought to be the last possible thing they should ever say.

So thanks to the good Judge and the Fed, I think we have our answer, ...
2/5/2011 at 8:03 AMPermalink
 Tim Iacono - Iacono Research
Did Bernanke Pull a Fast One Last Night  (1)
What astounds me is that most folks don't know that the Fed is private and that money in the US is therefore created privately, with interest immediately owing. History has shown that, as bad as various forms of government can be, that power in private hands is a disaster every time. Why the Fed is not nationalized or eliminated, and the Treasury - under a government that knows the requirements of money creation...
12/9/2010 at 8:40 AMPermalink
 Nathan Lewis - New World Economics
Crisis Management: What's Europe To Do
Damn, an economist who makes sense. Truly a first. The last para is spot on - cleanse or flush the system. If only humans would evolve a notch or two - we are so close....
11/23/2010 at 6:32 AMPermalink
 Julian D. W. Phillips - Gold Forecaster
'Fraudulent' silver trades Have gold markets suffered in the same manner  (2)
Gold? Even moreso. Hoe could it not given its link to the uber-dollar. Even if they only fiddled the futures, that would have had a negative effect on the spot price. Sadly, much like the illegal foreclosures because owners of MBS can't be found, the same would be true on any given day that people bough physical gold/silver on a given day. With the civil issue of reimbursement out of the way on bullion, then thi...
11/6/2010 at 3:03 AMPermalink
 Steve Saville - Speculative Investor
China and the Anti-Realists
Non of this is Keynsian. It is the handiwork of the neo-Liberal School of Economics out of the University of Chicago. It gained traction with Reagan, Thatcher and Mulroney - a totally flawed model - that Keynes had nothing to do with founding.
10/27/2010 at 2:37 AMPermalink
 Antal E. Fekete - Gold University
Real Bills Revisited  (1)
PS

I grow weary of Keynes, Friedman and the Austrian Chap - to the extent that we have been in the clutches of what is called the Neo-Liberal School (or the Washington Consensus) out of the University of Chicago for 3-4 decades. I'm all in favour of looking to history, but look further back. Or look at what the guys at the big US banks, the Treasury & Fed believe - because that is what we have to deal w...
7/28/2010 at 8:42 PMPermalink
 Antal E. Fekete - Gold University
Real Bills Revisited  (1)
Did we think the Power Elite would just sit back and do nothing under present circumstances? I don't get the point (maybe a bad day) that the gold basis is screwed - per by Prof. Fekete? By paper gold (collateralization)? If so, how do we unscrew it? Another writer says, it is the other way around. Every market is fixed. Bullion has been for a long time.

It has been a concern of mine that the governmen...
7/28/2010 at 8:31 PMPermalink
 Antal E. Fekete - Gold University
Gold Basis Screwed  (2)
..."the gold basis has been screwed and it has been giving bogus signals for more than a year. We have likely had backwardation all this time but it has been stonewalled. There is no real gold market any more. Goldman Sucks is playing with itself." There is not a market on the planet that is not rigged. The big banks in NY have been retained to keep the USD where the FED/Treasurey needs it to be while the propag...
7/28/2010 at 8:24 PMPermalink
 Thorsten Polleit
Toward a New Monetary Order
The Austrian School is wonderfully rational. But what on earth makes you think that the object of the power elite or even government oligarchs is to protect and maintain peoples' freedom and economic well-being. It is exactly the opposite. They have embraced the "China Model" - totalitarianism; elimination of the middle class; all regulation, enforcement & penalties waived for them; and automatic socialization o...
6/29/2010 at 3:57 AMPermalink
 Tom DiLorenzo - Lew Rockwell
Hayek's Road to Serfdom: Despotism Then and Now  (3)
The only problem I have with the argument against centralized power is the rather naive perception that it is in the hands of government. Au contraire, global banks and corporations, or more correctly, those who control them, have centralized power in the hands of people who consider themselves elite.

There is much talk about debt and sovereign default. The first country to fall into the debt trap was ...
6/28/2010 at 8:27 AMPermalink
 Tom DiLorenzo - Lew Rockwell
Hayek's Road to Serfdom: Despotism Then and Now  (3)
The only problem I have with the argument against centralized power is the rather naive perception that it is in the hands of government. Au contraire, global banks and corporations, or more correctly, those who control them, have centralized power in the hands of people who consider themselves elite.

There is much talk about debt and sovereign default. The first country to fall into the debt trap was ...
6/28/2010 at 8:27 AMPermalink
 Eric de Carbonnel - Market Skeptics
Looting America’s Gold  (4)
Sorry but you are mistaken. There has been a financial coup d'etat in America on a number of fronts. The power of the Fed is well known as is that of the regional offices, but aside from that, the socialization of huge amounts of debt and toxic assets by the investment banks and similar organizations as well as their traditional roll of controlling the price of bullion in NY (regardless of what spot price is set...
6/5/2010 at 6:32 AMPermalink
 James Turk - Goldmoney
Is Gold in a Bubble   (3)
Of course there is a bubble - a paper bubble. If we can't get back on a bullion footing in bullion markets - by at least everyone here demanding bullion - as well as dealing head on, i.e. pushing back, on all the other schemes being run, they can control the price forever. The fact that gold never doubled last week when demand in the EU and Japan was going wild made me angry. I guess I wonder why I'm the only on...
6/2/2010 at 3:50 AMPermalink
 Mish - Global Economic Analysis
Misconceptions about Gold  (6)
Mish,

One problem. Two Words - paper gold. To say that the supply is limited and price a function of supply and demand is no longer correct. They collateralize it, leverage it, trade it, lease it, sell it disguised as ETFs, give people certificates (paper) in lieu and they fill it with tungsten, etc., etc. When demand was through the roof in Europe and Japan recently, the spot price hardly moved. Don't ...
5/31/2010 at 5:01 AMPermalink
 Adam Hamilton - Zealllc
GLD Conspiracy Theories  (9)
With the greatest respect, we, as a group, generally agree I think, that fiat currency is just a piece of paper backed by a promise. Accepting a promise from government - what a concept? Now we find that what many of us knew to be true is true, They have securitized gold, just as they have countless other assets. Any serious investor will tell you to take possession of precious metals. Otherwise, all you have i...
4/13/2010 at 8:05 AMPermalink
 The Prudent Investor
ECB Gold Data Feeds Suspicions of Market Manipulation  (3)
Suspicions??? What more might they need to reach a CONCLUSION, one is left to wonder. And why hasn't anything happened? If one doesn't own gold, one can make a citizen's arrest under English Common Law, unless that has been changed. Does everyone who holds paper gold have an interest in maintaining a corrupt system at any price? Beyond a certain level, such systems have historically collapsed under their own wei...
4/9/2010 at 12:14 AMPermalink

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