…how did I ever miss that this was on the agenda!? So many conformational statements made in one place. Cool.
OK, the RED pill conversation was terrific. Since I mentally switched from a business that my Father started in 1945 after the War, and I began this new career which was to learn everything about commodities, particularly OIL, and to a lessor degree GOLD (which I have always had a fascination with), and all things Geography, Geology, and politics. I have always enjoyed the business my Father began, and I took over in 1975 after serving honorably in the Navy, as a Sea Bee, and I loved it. After taking the RED pill, I seen the world way differently, the colors were brighter, the smells, my garden took on more significance and my vegetable garden, and the work of amending soils for different plants. I could completely relate to that conversation. My son’s lives changed for the better as my Lady and I moved them to a small 6 acre farm in the country, farm country, from Detroit where I had always lived. It was the year the Tigers won the World Series in 1984. The first question from my son’s mouths were, "so what are we going to do out here?". I looked around and said that "well, I don’t see any kids so I get your concern. I bet they jump on their bikes and ride to the park and play ball or swim in the public pool". So that’s what they did, 4 miles there and back and have had a terrific life, have graduated from college, and live wonderfully. What made this a magical move was it was June, the Tigers in a pennant race, my brother was playing major league ball as a catcher for the White Sox, and they contended for a bit that year too. So it was terrific, especially when Chicago came to Detroit, and we sectioned in the stands with the ballplayers wives and families, and we rooted for the Tigers. It would really piss (White Sox families) them folks off. We would get stuff from my brother after the games because the wives would complain. I just told him, "once a Tiger always a Tiger, I’ll buy my own seats". We laughed, he sucked it up, but nothing changes. I rooted for my brother but my blood flows Tiger D. Jim H. from Livonia knows what I feel. Kaline, Demeter, Colavito, Cash, Wert, Kell, McClain, Lolich, Oyler, Horton, Brown, etc… I met them all. Kaline, I golfed with, with my brother in a four-some. The highlight of MY LIFE!!!
The ballplayers is where I started buying gold, and is another story.
jrf29 and I have been musing for a few days over at the Podcast you had recently with Charles Eisenstein, and what struck me with your comments about if you were President, and what again was an affirming bit of your thoughts Chris on what you would do. I am sure jrf29 if he listened to this podcast would agree that we are both in line with your thoughts. Personally, I find this very gratifying because it suggests we are on the same page, and that feels great. Your suggestion of paying a billion dollar prize was a no brainer, and should be done to get a commercial sized battery. Lastly, I have thought from day one when Reagan was just starting office that his order to remove the solar panels from the White House was demeaning, of one President to another, and a major set back for the conservation of energy in this country. Not to mention the narrative sent that haunts us today. That being, the American people are somehow entitled to ease, and cheapness of energy. Reagan, who I loved, error-ed big time though with that message. Not in hindsight either, I felt it then, and feel it still now. The entitlement issue hasn’t served us well either because every politician since Reagan has sold the America people on this never to fullfil promise in all sectors of economy, that everything is free. Health care, Social Security, blah, blah, blah. That’s called unintended consequences folks. We’ll pay or we won’t receive the services that’s evident.
OK, my question is related to time. It is my personal belief that we will have several deflationary, and Inflationary events before our troubles get escalated to a Depression or Great Depression and from an Inflationary event to a Hyperinflation event. I have problems with when you (Chris) perceive a Hyperinflation event is likely to occur? As I look around the world all I see is Deflation on the horizon due to DEBT. From Japan, to Europe to China, and an imminent hard landing. All severe monetary contractions. I see the United States needing Austerity, probably taxation, and a balance sheet contraction from Credit/Debt. All these examples are Deflationary. So, I have to bet on what I see. OIL would be another hard driver of Deflation. I also see a tremendous amount of dollar creation that will support allot of Inflation when and if this paper starts moving in the real economy, and it really hasn’t as most reliable indicators show. So, what is this timeline for Hyperinflation? What am I missing here? Last quick question: Chris I have baggies full of gold necklaces, pendants and such (I have this offsite and protected). Never have I paid anything but spot minus 15% on the weight for this Gold. You never have really talked much about this. If I recall the government never confiscated jewelry so why is this not a part of your narrative here? Have I made a mistake? Thank you
BOB