WOW!! I've never sat through a 90 minute lesson in my long life, but this one takes the cake. I spent the recent holiday listening to jibber jabber From friends and neighbors till all I wanted was to sleep for a few days. The Q & A today kept me wide awake. One of the most foolhardy sayings I've heard my whole life is that "brevity is the soul of wit". That may be true passing from empty heads to empty minds.
The reality of the macro world we live in is that there is no simplicity that stacks up to complexity. The really important things take in-depth back and forth between two thinking people. I admit several breaks for left-overs and a trip to the bank. Break when you need to.
This was not a peaceful trickle of factoids, but a niagara of history, knowledge, experience from a man of deep and wide experience in the things he had to say.
Thank you Dan for sharing Byron with us. Some of this we have heard before, but looking at the world with both a long lease and a wide lens, one only helps that my old synapses will remember as much as possible.
Bless us all with knowledge, perception and wisdom.
Lacking a military education I have not read Mahan. I did finish John Keegan's "The Price of Admiralty" and his other descriptions of military merit. I suspect that many of the observations and lessons are similar.
I was interested in Capt. King's description of Russia as a state which exports oil, food, metals, and aerospace products. It was Communist for seven decades. The US has a northern neighbour which could be described the same way, except we still have a socialist government. Russia seems to be in better control of its own destiny.
The trick which arises from the degradation of the value of the currency is the "Capital Gain." I have recently experienced a considerable taxation on the value of my late parents' house; built in 1971 for about (land and building) 1800 oz. of gold, sold 2 1/2 years ago for about 13 or 1400 oz. of gold, and naturally attracting capital gains tax of 100 oz. of gold.
To answer your question: yes, I think the people in power throughout the west but particularly in The USA would do anything, from assassination to starting a third world war, to keep Trump from taking office. While Putin can't prevent the former, let's hope he can resist the provocations to start the latter...
One of the best conversations on this publication, the time just flew by and I learnt a great deal. Can’t wait for the next instalment early next year. Thanks Dan & Byron.
Very difficult to watch as the questions took too long to ask/understand and even though Byron has lots of interesting perspectives on the world his answers are way too drawn out.
This insightful analysis of history and monetary policy highlights how current events were set in motion decades ago. The broader geopolitical issues remain relevant because they were never fully resolved. However, the trend is shifting. Will the major players accept this change gracefully, or will this decade be marked by conflict that resets the global balance?
Dan; you missed the important comments from Putin. Donald Trump is "intelligent and experienced", he knows exactly how to play the "very stable genius". Here we go again.
There is the question of whether the gold to back the bond is still there. Remember it took Germany 7 years to retrieve a fraction of the gold it has stored in the USA.
WOW!! I've never sat through a 90 minute lesson in my long life, but this one takes the cake. I spent the recent holiday listening to jibber jabber From friends and neighbors till all I wanted was to sleep for a few days. The Q & A today kept me wide awake. One of the most foolhardy sayings I've heard my whole life is that "brevity is the soul of wit". That may be true passing from empty heads to empty minds.
The reality of the macro world we live in is that there is no simplicity that stacks up to complexity. The really important things take in-depth back and forth between two thinking people. I admit several breaks for left-overs and a trip to the bank. Break when you need to.
This was not a peaceful trickle of factoids, but a niagara of history, knowledge, experience from a man of deep and wide experience in the things he had to say.
Thank you Dan for sharing Byron with us. Some of this we have heard before, but looking at the world with both a long lease and a wide lens, one only helps that my old synapses will remember as much as possible.
Bless us all with knowledge, perception and wisdom.
Lacking a military education I have not read Mahan. I did finish John Keegan's "The Price of Admiralty" and his other descriptions of military merit. I suspect that many of the observations and lessons are similar.
I was interested in Capt. King's description of Russia as a state which exports oil, food, metals, and aerospace products. It was Communist for seven decades. The US has a northern neighbour which could be described the same way, except we still have a socialist government. Russia seems to be in better control of its own destiny.
The trick which arises from the degradation of the value of the currency is the "Capital Gain." I have recently experienced a considerable taxation on the value of my late parents' house; built in 1971 for about (land and building) 1800 oz. of gold, sold 2 1/2 years ago for about 13 or 1400 oz. of gold, and naturally attracting capital gains tax of 100 oz. of gold.
What a font of knowledge and experience! I always learn from Byron’s long answers, perspectives, and his show and tell.
I love doing the show & tell... Holding a real coin or antique Bank Note brings the idea to life. Thank you.
Good history lesson. Gold and gold miners should continue to do well.
To answer your question: yes, I think the people in power throughout the west but particularly in The USA would do anything, from assassination to starting a third world war, to keep Trump from taking office. While Putin can't prevent the former, let's hope he can resist the provocations to start the latter...
Absolutely brilliant. It is rare to get this depth of insight into the world and what makes it work.
Thank you both!
One of the best conversations on this publication, the time just flew by and I learnt a great deal. Can’t wait for the next instalment early next year. Thanks Dan & Byron.
Sorry. Brilliant,BUT can't keep up with all of the parenthetical expressions within parenthetical expressions.
They work best if you already understand the contents. A decade of reading Bill Bonner helps a bit.
Very difficult to watch as the questions took too long to ask/understand and even though Byron has lots of interesting perspectives on the world his answers are way too drawn out.
I'll keep that in mind for future talks. Appreciate your comment.
CQWLNC was probably reared on tweets. Too bad.
This insightful analysis of history and monetary policy highlights how current events were set in motion decades ago. The broader geopolitical issues remain relevant because they were never fully resolved. However, the trend is shifting. Will the major players accept this change gracefully, or will this decade be marked by conflict that resets the global balance?
Dan; you missed the important comments from Putin. Donald Trump is "intelligent and experienced", he knows exactly how to play the "very stable genius". Here we go again.
This possible “50 year—Gold backed Bond”.
Could it be a suckers play?
As You only have enough available funds to be able to invest in these if you are middle aged.
By the time it matures, you will likely be dead.
Would the Bond be redeemable at any point in its ( or Your!!!) maturity?
If yes, it might keep the scallawags in check.
Let’s hope for a Killer Positive answer!!
Thanks!
There is the question of whether the gold to back the bond is still there. Remember it took Germany 7 years to retrieve a fraction of the gold it has stored in the USA.
For weekend entertainment I suggest the original Sean Connery "Goldfinger."