I’m scheduled to be on Larry Kudlow’s CNBC show tonight at 7:10 p.m. EST
May 14th, 2012 - 11:01 am
The topic will be Greece and the prospective breakup of the Euro. Schedules change, but that’s the plan as of now.
The topic will be Greece and the prospective breakup of the Euro. Schedules change, but that’s the plan as of now.
I just caught it online, and was surprised to see you as the only bear in the crowd. The West’s demographic decline is a known long term issue, but the short term, partially political, danger of JPM trading and gold deflating are new. One would think gold’s value as collateral is a mark to fantasy, not recent fluctuations in “its” value (in really, the dollar’s). And, Spain has no short term populist election risk.
We’re still positive long term, right?
If Romney is elected, yes; if Obama is returned, no.
“If Romney is elected, yes; if Obama is returned, no.”
Interesting choice of words: elected as opposed to returned? If one has to ask these days, it’s time to find the nearest Paulista militia base. Obama sometimes looks more like Nixon than Carter.
It’d be awesome if someone can post the youtube link
Voilà, here’s the link. Endure the ad with patience and you’ll see DPG introduced at sec 42′ and start speaking at 2:20:
http://video.cnbc.com/gallery/?video=3000090256&play=1
HG – everyone knows Paulistas are secretly commie-backed neo-confederates plotting to destroy the Union, because they periodically appear on Russia Today TV. @ReginaldQuill and his ‘tweeps’ told me so.
As for the Greeks, the pre-drachma restoration bank run whereby they grab all their euros and rush to convert them to gold or USD or rubles or maybe even yuan has already begun.
I watched the CNBC clip, well said David, especially in contrast to the first ‘nothing to see here folks, move on’ guy.
What sort of “free market” solutions are there to problems like JPM’s derivatives crash (and I expect there to be plenty more such bets-gone-bad in the months ahead)? Any measures I consider involve some measure of increased regulation and oversight.
CR – it’s called letting the ‘TBTF’ bastards finally fail, and fail big. David said he wanted Greece to become a horrifying example to other spendthrift, easy credit and tax dodging, corruption practicing nations.
Well, check that off as DONE.
Now it’s time for JPM’s massive shorting of precious metals to get blown up in one big coordinated Chinese and Russian buying frenzy. When the banksters fail to deliver physical on all those short/massively bifurcated contracts, presumably they’ll be some apologists who’ll say it was all necessary for the integrity of the financial system for the US and British to coordinate a shut down of the Comex. But don’t worry, @ReginaldQuill and other Twitter drones will be there to blame it all on Putin’s secret alliance with Ron Paul, or somesuch nonsense and say the nationalization of the Comex was justified.