Jim Grant - "Gold is the ultimate inoculation against the harebrained doctrine of modern central bankers"
Richard Daughty is interviewed on the Dan Cofall Show. Listen to the interview here (interview date 15 July 2014).
The odd genius of Richard Daughty
July 28, 2014
By: The Mogambo Guru
I now belatedly realize, with crystal clarity, that being an “inert carbon blob” is a reachable goal for me. Thus, ‘tis my new plan for my remaining retirement years, since it has no age restrictions, takes no effort, and has zero cost, but, happily, does involve a lot of TV and tasty snacks.
I am re-evaluating such things now, now that my wonderful plans to be a rich champion golfer/ rich movie star/ rich love god/ rich living legend/ rich international playboy are all in utter ruins, thanks to a profound lack of any discernable talent, looks, intelligence, money or actual effort on my part.
Now that I am starting to accept my fate, I am much more serenely Buddha-like, and less concerned that the Federal Reserve and the federal government have been proven to be corrupt, treacherous liars colluding to continually deficit-spend a trillion dollars per year, using nefarious, slimy and heretofore illegal secret tactics made legal under a cancerous expansion of the Exchange Stabilization Fund, in order to desperately prevent any losses (“deflation”) in debt instruments, equity shares or housing prices, because that is where everybody’s money is.
Nowadays, I am much more calm about things, as shown by my seeming nonchalance at the evil Federal Reserve increasing Total Fed Credit by another $14 billion last week, and $12 billion the week before that, or how the monetary base jumped to over $4 trillion last week, a mighty rise of $114 billion in, as I said, One Freaking Week (OFW)....read on
Martin discusses equity and gold markets, and the influence of cycles. Listen to the FSN interview here
From GoldSeek.com Radio
Published on Jul 26, 2014
In this episode of the Keiser Report, Max Keiser and Stacy Herbert with a double header discussing the ‘dumb money’ piling into markets just as the Spectator’s cover story reads: “The Next Crash: We could be on the brink of another financial crisis.” Max and Stacy read through the piece in shock at the obvious signs of misallocation of wealth while chasing dumb bubbles - including a P/E ratio now at 25.6 compared to a historic norm of 16.5. In the second half, they examine more misallocation of wealth as the US spends an additional $1 trillion annually on healthcare compared to if they spent the same percentage of GDP as the next most expensive country, the Netherlands. While overspending by $1 trillion, the energy grid has the most blackouts of any developed nation and yet less than half a trillion could replace the dumb, old grid with a smart, new one.
Follow our CEO on Twitter