Lars Scholl Interviews Eric Sprott

Purpose of this Blog

Other than just simply being a journal of the times of my life, I'd like to think my blog may offer something similar to what this quote encapsulates. Even though my posting has been sporadic and anemic due to being suppressed by dark energies, may you too find inspiration in the nooks and crannies of the world.


“Each time a man stands up for an ideal, or acts to improve the lot of others, or strikes out against injustice, he sends forth a tiny ripple of hope, and those ripples build a current which can sweep down the mightiest walls of oppression and resistance.”

Robert F. Kennedy

Pulled from Jesse's site.

Chilean View of the Dollar

I asked a local about it and they told me, “everyone knows the dollar is going to blow up. Your banking system is crazy”.

Fascinating Interview

I just watched a fascinating interview here and want to post it here so others can watch it as well. Towards the end of the interview the specter of confiscation reared its ugly head once again. I responded to that on Greg Hunters' site and have posted my response below.

 Here's my response:

"Hi Greg,

Great interview and thanks for having on Mike Maloney!

I’d like to just put my .02 cents in on the confiscation issue. As you and Mike correctly fleshed out, gold was NEVER confiscated. It was nationalized and holders were subsequently paid for their gold at the fixed rate. Much of the talk of confiscation today are by numismatic coin dealers trying to sell coins with high premiums.

The uranium story after WWII gives us some insight into how the government may react here. In 1946 the Atomic Energy Commission (AEC) guaranteed a minimum price for uranium to increase the domestic uranium supply. This supported the mining endeavors at the time and brought a lot of uranium to the market.

The same thing could be done today. Governments would be far better off to promote a fixed (or better, free market) price of gold that would guarantee profits and cause much more gold to come to market and allow them to either grow the money supply or pay debt down. Many instances of government nationalizing mines have ended up in complete disaster. I just don’t believe this would be attempted. Sure they may raise royalties and taxes but I assure you that with the returns you will have you will still be compensated as an investor.

Another case here is instructive though some may not approve. Look at Venezuela. Chavez had the wisdom to NOT nationalize their gold minds but mandated that the gov get first dibs on all gold mined and they would pay market price. Brilliant. China (and Russia?) are currently doing the same thing.

Consider the consequences of nationalizing mines and gold and silver in America today. It would cause permanently damaged psyches in the minds of investors when retail investor participation rates are already in decline. Would the gov further exacerbate a dwindling (non-existent?) support level for government? Do they want to completely erode ANY trust left in the system? Very dangerous long term implications involved there.

And lastly, as Jim Sinclair points out, when gold was nationalized in 1933 we were on a gold standard. We are not now. QE is effectively taking the place of that prior insidious process of deception and trickery. Think about it, 80 years later and people are STILL distrustful of the gov and what they did back in 1933!!!

That’s all. Thanks again for all yo do!"

Quote of the Day

"Nearly all men can stand adversity, but if you want to test a man's character, give him power."

Abraham Lincoln