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Jake
Jake
9 years ago

You’re talking about Ron Paul being involved with the stansberry stuff? Yeah I saw that too… wasn’t happy about it either.

Adam
Adam
9 years ago

Well he is a politician remember that. I like Ron and he helped push me in the right direction, but at the end of the day he is a politician and has flaws like we all do. I would say he’s drifted out of the spot light with his son taking it, plus he’s pushing 80 and probably fed up.

caduckgunner
caduckgunner
9 years ago
Reply to  Adam

I’m glad I’m not the only one who noticed this. it’s kinda disappointing, but he was a politician.

Claudia
Claudia
9 years ago

OK, I KINDA get it, but, do I as a senior women pay off my debt , two months to go for that, or do I defer and buy some silver? My gut says pay the debt OFF? Derailed due to daughters divorce and need to help her…I know you don’t give financial advice, just asking for your gut feeling. Thank you for all you have done for my families security.

zombie
zombie
9 years ago

Hi Sir Jack,
Im not sure if I’m getting you right but why would she pay of loan and save money? Money is just paper and when SHTF, the paper dollar will get devalued and we’ll be back to precious metals as a way for buying/bartering for goods. Then the govt. will be taking everyones’ belongings/properties including your precious metals, guns, etc. just like before… can you please elaborate on your suggestion above? Thanks

zombie
zombie
9 years ago

Thanks for the reply. Yes I may have been reading and watching a lot of those articles from the people you mentioned in your podcast. You are right in saying we never know when. But can you really say that the next one, when it happens is not the real big one?

How about this Sir:

http://upload.wikimedia.org/wikipedia/commons/a/a1/Executive_Order_6102.jpg

http://constitutionalmilitia.org/wp-content/uploads/fdrbankholiday.jpg

Based on the above, would it be better then to keep both paper money and precious metals physically, not via any safekeeping shit? Also another advice from people on the internet is that when buying precious metals, make sure they are not traceable, like buying online and using credit cards…

Thanks

Insidious
Insidious
9 years ago
Reply to  Claudia

hey Jack.. you caps lock got stuck! ;-p

to reiterate the advice..

– paying off debt is a 100% guaranteed ‘win’ (you ARE better off, guaranteed)
– buying silver is a SPECULATION.. as in, a bet, that you might win or lose (you can call it an INVESTMENT if you’ve actually done all of the research necessary to have a strong opinion about where the value is going)

So.. lets rephrase this to:

Hey Jack, should I pay off my debt or go play blackjack?

Besides.. Silver is dropping at the moment.. two month wait? What’s the rush? 😉

dittyfish
dittyfish
9 years ago

Thanks for doing this show Jack! Its always good to hear you talk in this sphere-a voice of caution and reason. thank you thank you thank you

Claudia
Claudia
9 years ago

Thank you for reiterating for me what I know you have said before. It is what my plan was. Thank you for your frank honest assessment.

Lisa
Lisa
9 years ago

oh my! I just hit the link that Jose Garcia provided and I am dismayed…to say the least. I am going to re-evaluate my thinking.

Lars
Lars
9 years ago

Great show Jack… Now I’m wondering, what are the signs you’re looking for, that, if they start to occur, would say to you “ok it’s time to get out of this market all the way, right now”?

Chris H.
Chris H.
9 years ago

Jack — You hit on one of the most important points I think you could make in the beginning of this show’s topic. That being the difference between what many people who come from a right-leaning perspective think of when they hear the term “capitalism” as compared to what people who come from a left-leaning perspective think of when they hear the term. I’m one of the (likely minority) of your audience who comes from a left-leaning perspective as a starting point, and I have always cringed when I hear people talk glowingly about “capitalism” and “the free market”. But one thing your show has gradually done for me is to make me realize that for people who start out from a right-leaning perspective, those terms really mean “voluntarism”. And as a person who started out from a point much more on the political left, I have no beef with the idea of people entering into voluntary arrangements with other people. Maybe that could also just be the anarchist in me that now colors all of my political (or anti-political) thinking now. But in any case, I think that it’s important for all of us to consider the vocabulary that we use, and how different terms may mean different things to different people, creating divides between us where there really shouldn’t be any.

(The New) Mike Cornwell

Regarding Iran vs Saudi Arabia. It’s funny because I still head scratch when people even mention Iran as being “that bad”. Especially if you mention Saudi Arabia in the same sentence. Not a single Iranian person involved in 9-11. But we’ll just keep calling them “axis of evil” or whatever they say nowadays.

Monte
Monte
9 years ago

I appreciate shows like this that provide more historical context. It’s too easy to get lost in the weeds of smaller market moves and all the doom-and-gloomers saying the sky is falling every month. Jack, I’m sure you already know this, but this is the primary reason I and a lot of others listen to you on these things. Honesty, regardless of what people want to hear, builds trust. Keep up the good work!

jeff nw ohio
jeff nw ohio
9 years ago

Some of the biggest taxes that the middle class is getting clobbered are property taxes and health care. Health care (really sickness care) costs are so screwed up it’s hard to wrap your head around it. It’s bizarre but when hospitals in are area wouldn’t give estimates because it was proprietary information and wouldn’t give discounts on prepaid services if you didn’t have insurance. Property taxes are really extreme in some areas and that just a crazy reflection on the ineffective and unaccountable school system. These examples of a couple of ways our government and corporations are putting the screws to the middle class.

Grant Gregerson aka Cryptozoic
Grant Gregerson aka Cryptozoic
9 years ago

Excellent episode!
You nailed it.
A most excellent lesson and pretty good rant 😉
I know about (and remember since I am older than you) how “money” works.
I remember when silver was taken out of the coins in 1964. People were saying “save those silver coins, they will be worth something someday”.
As you have said previously, “money” is an agreement.
It’s kind of like sex: figure out what works and then do that.
I’ve been with you since episode 275.
The new currency will be a basket of commodities.
Paper assets are just promises.
What are promises worth?
What they will bring in the marketplace on that day.
Welcome to Bartertown. (mad max movie).
“Gas, grass or ass, nobody rides for free” I think would be a good analogy to the modern economic situation. To survive (and prosper) one must have something to trade.

All I need for my time machine is a DeLorean, a flux capacitor and just a little plutonium, peace in the middle east and finding True Love and life would be good. HA! Meanwhile, we have to make do with what we have, make, can get, can give and of course we MUST help each other. If we don’t help each other, it’s chaos and Armageddon. Hopefully decent people can prevent that.

There are only 2 tribes: the decent and the indecent.

Michael Sparks
9 years ago

I love these types of shows. Though I’m probably guess that most listeners don’t follow a word of your advice.

After 2008 I searched and searched for a place to put cash. Good luck with that. The only investment I knew was a sure thing was investing in my current business as well as starting another one.

For me the market seems like a rigged game, my risky investments are my businesses, the rest goes 100% into cash/cash equivalents with financially strong companies that have been in business over 100 years.

MentalArson
MentalArson
9 years ago

Great show! We are dumping everything we can into zeroing out every bit of debt. We still pay about $150/mo in interest and that needs to be in our pocket instead of going to a bank…that’s just stupid.

It is an interesting challenge to find the rational balance where the most plentiful commodity is uncertainty.
http://www.zerohedge.com/news/2015-08-01/11-red-flags-we-enter-pivotal-month-august-2015

I do have my doubts about the strength of US gold reserves based on the 2013-2014 efforts by Germany to repatriate their gold from the US…and us not being willing (or able) to send their gold back.
https://en.wikipedia.org/wiki/Hypothecation