tag:blogger.com,1999:blog-7982981413278241287.post8448458046698719541..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: Ron Paul on Fox Business Today: We Are Getting Close To A Serious CrisisDave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger17125tag:blogger.com,1999:blog-7982981413278241287.post-39325786012392890222010-03-06T07:26:48.559-07:002010-03-06T07:26:48.559-07:00Agree on all counts, anonymousAgree on all counts, anonymousDave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-85442052583711210522010-03-05T22:00:24.257-07:002010-03-05T22:00:24.257-07:00Hey Dave-
I see Dr. Paul having as much chance ge...Hey Dave-<br /><br />I see Dr. Paul having as much chance getting elected as this nation abolishing the Federal Reserve Bank scum, unfortunately. The dirty bank owned media won't let it happened. Sad state of affairs. One of his better interviews by the way.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-66590892301715091362010-03-04T12:30:55.603-07:002010-03-04T12:30:55.603-07:00Yup. I'm just an 'everyman' myself, b...Yup. I'm just an 'everyman' myself, but I try to stay informed enough to remain out of the ranks of the sheeple. It's an easy pill to swallow!<br /><br />Thanks again Dave.Unknownhttps://www.blogger.com/profile/06385923631053629548noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-32002999066617143892010-03-04T12:18:06.467-07:002010-03-04T12:18:06.467-07:00It's also human condition - for the majority -...It's also human condition - for the majority - to want to believe that those in control and who are implementing devisive policies ultimately have good intentions. Nietzche did some great work explaining this phenomenon. People want to believe that their leaders are working in everyone's best interest. Look up the definition of "Stockholm Syndrome" on wikipedia. It's a variation on that theme and most financial analysts are guilty of that syndrome.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-41969293237113882742010-03-04T12:15:00.278-07:002010-03-04T12:15:00.278-07:00Yup. It's part of the human condition all thro...Yup. It's part of the human condition all throughout history and that's why a gold standard, if strictly enforced, keeps human character defects in "check"Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-66432283045154039892010-03-04T12:02:29.890-07:002010-03-04T12:02:29.890-07:00I do have to make the clarification that I see his...I do have to make the clarification that I see his (TPC's) point breaking down with what I believe is the biggest and inherently least solvable problem with a fiat system; the people that are in control will never be capable of the selflessness required for their positions to benefit the populace as a whole.Unknownhttps://www.blogger.com/profile/06385923631053629548noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-67730177522120871972010-03-04T11:54:21.379-07:002010-03-04T11:54:21.379-07:00Thanks Bobby. Anyone who doesn't understand w...Thanks Bobby. Anyone who doesn't understand why the world needs some kind of currency "anchor," and why gold/silver function the best for this purpose, also has no understanding of what is truly going on in the system and why the U.S. will eventually collapse. We've collapsed partially already because the banking system would be completely dead if it weren't for the trillions in Govt/Fed support. Nothing is being done that will work to enable that life support system to be removed.<br /><br />Alan Greenspan explains gold as a currency anchor in the context of money theory really clearly in his 1966 essay "Gold and Economic Freedom:"<br /><br />http://www.321gold.com/fed/greenspan/1966.html<br /><br />If you read that, you'll be shocked that Greenspan wrote it, given what he did to our system as Fed head.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-29694011243434000082010-03-04T11:36:36.673-07:002010-03-04T11:36:36.673-07:00Thanks for the considered response, excellent read...Thanks for the considered response, excellent read links and your willingness to be 'stirred up'! <br /><br />I would love to see you take this on in a more thorough posting as he seems, to an amateur like myself, to make a decent case against Ron's very strong stance, as stated so well in "End the Fed", on a return to the gold standard.<br /><br />Your efforts and insight are much appreciated!Unknownhttps://www.blogger.com/profile/06385923631053629548noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-5634589579301794452010-03-04T11:29:52.391-07:002010-03-04T11:29:52.391-07:00One more point about the TPC piece. He starts off ...One more point about the TPC piece. He starts off by saying that gold is hotter than ever and references the tv ads imploring people to SELL their gold. Wouldn't that imply that gold is NOT "hot?" <br /><br />Aren't all contrarian market theories based around the idea that the "masses are wrong" with regard to investing? <br /><br />And by that idea, wouldn't the masses SELLING their gold imply that smart investors should be BUYING?<br /><br />And some hedge funds are putting gold into their portfolios, but Paulson has the only pure gold/mining stock fund and by last count, he was having a very hard time raising money for it. (Aside from the fund that I co-manage - and we are having a BRUTAL time raising money despite that fact that we put up a 38% ROR after all fees and expenses for 2009 and our fund is over 50% in physical bullion that investors can take delivery of when they cash out. Paulson's fund is mostly derivatives and bad stock picks.<br /><br />And finally, if you survey any of the large coin dealers, try Andy Schectman at Miles Franklin and tell him I referred you, they will tell you they believe that way less than 5% of the population is buying gold and silver.<br /><br />Would that be considered "hot?"<br /><br />TPC guy has his head in the sand and his analysis is sophomoric at best (and that's being diplomatic).Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-70449688706391618092010-03-04T10:40:49.055-07:002010-03-04T10:40:49.055-07:00Stir it up baby!!! LOL. I don't mind controve...Stir it up baby!!! LOL. I don't mind controversy. Let me start by saying that I read TPC from time to time. He usually has some good data sources. Quite frankly, I'm not sure how much training in economics he has or if he has taken economics course, if the dept was any good. I find his analysis to be very "pop-culturish" and superficial.<br /><br />Having said all that, he makes some egregious errors in his analysis. To begin with, there has not BEEN any "deleveraging" of the system. The private sector has "deleveraged" somewhat because the Govt has bailed out the banks of their worst - so far - liabilities. HOWEVER, all this has done is effect a TRANSFER of debt from the banking sector to the public sector (Govt). If you look at the overall debt/GDP in our system, it continues to climb. He's just plain wrong there.<br /><br />His second, and egregiously fundamental error, is mistaking perceived price action as the signal of inflation or deflation. VERY bourgeios and amateurish. The fact of the matter is that if you go by Govt CPI, we haven't had price inflation for years. Try telling that someone paying for college right now. Try telling that to a senior citizen on a fixed income. Hard sell. For fuck's sake, I just bought ground beef the other day and the price was up about 30% from 4 or 5 months ago.<br /><br />The money supply is NOT contracting. The Fed is hiding the growth in subtle, devious ways. Please read James Turk's latest piece on the hidden money supply. www.fgmr.com And if think the money supply is contracting, explain this:<br /><br />http://research.stlouisfed.org/fred2/series/BASE?cid=124 Turk covers the implications of THAT ^ in his latest.<br /><br />Eventually, THAT ^ will be unleashed and create price inflation that will cause many to jump out windows. <br /><br />That's in a nutshell why I think TPC is a lightweight analyst. I may work up a much more in-depth post on this. Please continue to stir it up!!!Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-91935659156993508952010-03-04T10:08:39.682-07:002010-03-04T10:08:39.682-07:00Hey Dave, not to stir the pot here, I'm an avi...Hey Dave, not to stir the pot here, I'm an avid reader and fan of your blog, but I'm curious as to your thoughts on this piece from TPC: http://pragcap.com/reflections-on-gold-as-an-asset-class<br /><br />Cheers!Unknownhttps://www.blogger.com/profile/06385923631053629548noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-50238141719583079022010-03-04T09:51:42.488-07:002010-03-04T09:51:42.488-07:00I completely agree Celeste. I briefly worked for ...I completely agree Celeste. I briefly worked for his grassroots movement here in Denver until he bombed in New Hampshire (I was suprised cuz I thought he'd get about 20% of the primary vote there). I suspect by 2011, people will be really behind RP. I hope he decides to run.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-6920748972879849652010-03-04T08:58:23.692-07:002010-03-04T08:58:23.692-07:00The country will be begging Ron Paul to lead in 20...The country will be begging Ron Paul to lead in 2012.Celestenoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-74486197028012774192010-03-04T08:06:44.352-07:002010-03-04T08:06:44.352-07:00LOL - thanks for the feedback! Appreciate it.
Gre...LOL - thanks for the feedback! Appreciate it.<br /><br />Great comment re: Obama/FDR. FDR's "mystique" has been badly misrepresented by the kind history books. The real separation of the U.S. dollar from gold occurred under FDR. People have no idea what a bastard son of a bitch he was behind the scenes. AND he was for sure controlled by the bankers who propped him up.<br /><br />If he had just let market forces prevail during the 1930's, we probably would not be facing collapse now.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-81444163331382534092010-03-04T07:46:25.749-07:002010-03-04T07:46:25.749-07:00Ron is the man, I've been a big fan for years....Ron is the man, I've been a big fan for years.<br /><br />A bit off-topic, but it was slow in the office this morning, so for fun I read the wikipedia on FDR. It reads like a "how-to" manual<br />for scumbag politicians. For example, during his first campaign he ran on a "sound money" and "small government" platform, but at the same time he made grandios promises to the poor and minorities. He religiously capitalized on various "crises" like the depression and dustbowl, using them as leverage for his agenda. He created the FDIC to manufacture "trust" in bankers, was in bed with the labor unions, and controlled the media by making back-room deals with moguls like Hearst. Of course, we all know about executive order 6102.<br /><br />It's no wonder Obama studied this guy.Amannoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-25580876221722585512010-03-04T06:39:07.241-07:002010-03-04T06:39:07.241-07:00LOL. For sure a very accurate, appropriate metaph...LOL. For sure a very accurate, appropriate metaphor.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-45430099624889713362010-03-04T05:52:13.801-07:002010-03-04T05:52:13.801-07:00I woke up thinking there are two things with a lot...I woke up thinking there are two things with a lot in common. The US Dollar and the USS Titanic.<br /><br />Joe M.Joehttps://www.blogger.com/profile/16005483996588605077noreply@blogger.com