IRD On “Turning Hard Times Into Good Times”

History tells us that Government interventions always fail and when they fail, they fail spectacularly. I don’t think they can keep up this intervention in gold market much longer and I think we’re getting close to the end of it. – Dave Kranzler on “Turning Hard Times Into Good Times”

We’re not wrong about the reasons for owning gold and silver.   In fact, if looked at over the entire duration of the precious metals bulls market starting in 2001, gold and silver have outperformed every asset sector.  If we’re wrong about anything, it’s in underestimating the degree to which fraud, corruption and criminality have completely engulfed the entire U.S. corporate, Wall Street and political system.

A perfect example of the lies and propaganda is the fact that the Obama government, Wall Street and the media are forcing this idea on the public that the economy is “recovering.” And yet, the economic metrics – including and especially the price of oil – are telling us that we’re entering a depression.    Does this graph reflect that idea that the public feels good about the future? (source:  Zerohedge, edits are mine):

GallupHope

The graph above is a Gallup poll that measures the economic outlook of those polled as of the last week.  The sentiment is plunging along with the economy.

Below is my interview with Jay Taylor on his “Turning Hard Times Into Good Times” internet radio show on the VoiceofAmerica network:

6 thoughts on “IRD On “Turning Hard Times Into Good Times”

  1. “Gold investing community, not gold bugs”.

    Yes.

    Marc Faber explains to a cnbc cheerleader the negative connotation of the expression : “Gold bugs”.

  2. David , outstanding job for that 30 second line up and slam dunk , ” History tells us that market interventions always fail , and when they fail they fail spectacularly . I don’t think that they can keep up this intervention forever and I think that we’re getting close to the end of it.

  3. Looks like the U.S. treasuries auctions are well underway from China: http://www.zerohedge.com/news/2015-07-21/chinas-record-dumping-us-treasuries-leaves-goldman-speechless

    With estimates ranging from 200Billion to 500Billion in bonds sold from the last quarter, it’s starting to look like this is the beginning of the end. Is 2015 going to be the year where the the cartels of every major geopolitical power will be given their just desserts? An epic ponzi-scheme built on ponzi-schemes the world has ever seen has to come crashing down sometime, and it may as well be now.

  4. ” If we’re wrong about anything, it’s in underestimating the degree to which fraud, corruption and criminality have completely engulfed the entire U.S. corporate, Wall Street and political system.”

    Yes………………….

    New York seeks data on new Wall St deletion, encryption tools

    (Reuters) – New York state’s banking regulator, citing use of chat room transcripts to find evidence of wrongdoing, on Wednesday asked Symphony Communications Services LLC, a messaging and communications start-up, for information on the deletion and encryption capabilities of its products.

    Wall Street-backed Symphony markets instant messaging and other products with “guaranteed data deletion” and other privacy features, according to a July 22 letter to Symphony from the acting superintendent of New York’s Department of Financial Services, Anthony Albanese.

    The letter noted authorities used chat room transcripts and other communications retained by banks to uncover evidence of schemes to rig benchmark interest and foreign exchange rates.

    Under New York law, banks are obligated to retain records of their operations, Albanese said in the letter, to Symphony Chief Executive David Gurle.

    The New York regulator is seeking details of the data deletion, end-to-end encryption and open-source features of the Symphony’s tools. The regulator also wants to know whether Symphony’s encryption technology can prevent review by regulators.

    http://www.reuters.com/article/2015/07/22/new-york-symphony-banks-idUSL1N1021V420150722

    Eric Scott Hunsader ‏@nanexllc 11h

    Dear SEC, CFTC, NY AG, Subpoena the code. It’s much better than email/chat/instant messaging Set a precedent Raise the bar

    Eric Scott Hunsader ‏@nanexllc 11h11 hours ago

    This is Rich! Goldman, etc. to SEC, CFTC, NY AG: You guys can’t get us anymore!
    http://www.efinancialnews.com/story/2014-10-02/goldman-sachs-led-group-buys-perzo-instant-messaging

    Led by Goldman Sachs, the consortium invested $66 million in the venture, called Symphony Communication Services Holdings, according to a statement from Symphony.

    Symphony in turn acquired Perzo, a two-year-old startup founded by veteran communications software executive David Gurle. Goldman contributed its in-house messaging developments to the new company, which Gurle will lead as chief executive.

    http://www.efinancialnews.com/story/2014-10-02/goldman-sachs-led-group-buys-perzo-instant-messaging

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