Falling Silver prices

Back on topic: silver dropped back to $13.71 as of right now from the $13.60 to $14.20-ish movement just yesterday.

Oh well. I bet some millisecond trader with $10mil probably made $400,000 in one day off the ~4% rise. Or am I just naive?

 

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Conviction implies a criminal case. They were enjoined and fined $1 million by the SEC, but Bonner and Stansberry continue unabated with their lies and disinformation.

 

Yes, we're ALL horribly naïve, every blessed one of us. DR readers more than the rest of us, but still...

 

Right. Go fetch Kurt some coffee now.

 

No thanks, just had some. Made it myself, too. A naughty little Colombian blend; precocious, yet not pretentious.

 

And a bit of cynicism too. Mainly because I became a City Planner instead of a Wall Street tech wizard.

Excuse me while I take this call with neighbors arguing about the location of a shed.

 

How does an SEC case from 2003 make what is in the link bad information?

 

It makes the source forever sketchy and unreliable, because it was based on a pattern of conduct, not a single instance, which would have made your point more valid, and the conduct continues to this day, largely unabated.

They "sell" Chicken Little-ism to the epically uneducated, and get rich (more than usual Wall Street crook rich) doing it.

On the merits of the Bonner "phone call" bit, which is a funny bit, I admit that, it ignores (conveniently for Bonner) the remaining policy choices that ALWAYS remain to unwind high debt - economic growth and a tax code with much higher progressivity than at present. Presto, change-o, Bonner's "nowhere for the Fed to turn" problem disappears. Now where have I seen that tried? It's on the tip of my tongue. Oh yeah! WE did it in the post-WW2 era, here in the USA!

But shhhhh, Bonner can't even TALK about that option. Might cost him his second French chateau.

 

Yeah it worked after WWll because we had economic growth-75% of world exports. Or something like that?

 

Sure, but while a flatter tax code DOES promote passive investing, a more progressive one encourages true new enterprise growth because: "Of course I'm hiring; at my tax bracket, the government is subsidizing 75% of my newly added payroll."

When marginal rates are low (the Stockman lie notwithstanding) the incentive is to AVOID hiring.

 

Here's how bullion "investors" understand it.

Liberty. plural lib·er·ties. 1 : the quality or state of being free: a : the power to do as one pleases b : freedom from physical restraint c : freedom from arbitrary or despotic control d : the positive enjoyment of various social, political, or economic rights and privileges e : the power of choice.

Democracy. a system of government in which all the people of a state or polity are involved in making decisions about its affairs, typically by voting to elect representatives to a congress or similar assembly.

Plutocracy. government by the richest people. : a country that is ruled by the richest people. : a group of very rich people who have a lot of power.

Since we've become a Plutocracy, Liberty is not achievable. The only hope for Liberty is to become a Democracy.

 

Right. Have a unicorn day.

 

I'm gonna be honest I have no idea what that means but it sounds like a good idea.

 

Yeah, those founders that stackers like to invoke, they were just average pauper farmers. After all, Washington and Jefferson and them never had mansions. No plutocrats there. Nope.

What? They did?

Never mind.

 

Sounds like, IN ESSENCE, you're saying that bullion investing is INHERENTLY a POLITICAL thing? Exactly what I've been saying since I joined CT and started questioning the unavoidable tension between having a bullion investing forum and having a rule against politics.

 

True, but, you can't say it here, at least not by pointing out which groups promote one ideology over another. I laid out definitions above, it's up to the reader to figure out which group promotes which system.

 

Sully,

If I haven't yet complimented you on your continuing eBay activities, I should have. I realize you're a young'n and I admire the bejabbers out of your initiative. Well done, young man. Keep it up. It'll grow. Can't say I've ever needed hockey tape.

 

As they say on ESPN, "C'monnnn Mannnn!" You know the Stockman formula has proven to be a lie. It boils down to "make the rich so rich by not taxing them until they have so much money that they hire people out of sheer boredom from counting their money".

 

The rich became the 1% on Lord Keynes' watch not Mises.

 

No one could seriously believe that.