This whole group from the Newport environs cloned with other, similarly-minded groups in Denver/Boulder, Phoenix/Scottsdale, San Jose' (Costa-Rica), Philadelphia (but absolutely NOT Boston or (God forbid) New York), to Hamilton Bermuda, Vienna Austria and the deepest inner sanctum this side (actually - THAT side, given my location) of Yale's "Skull & Bones" - ZURICH (you know - where all the Gnomes hang out). We all attended the same monthly meetings as guests, guest speakers or celebrity spokespersons (not ME - WAYNE).... but None of us actually joined the group lest we later be painted the same hue of the "lunatic fringe" making up the rank & file of the "John Birch Society" and its political "brethren" hanging at the "Libertarian Lounge" a few miles down PCH towards Laguna Beach (which we never entered because it was considered entirely too artsy/craftsy if you catch the drift).
As an aside, the Libertarians were the exclusive sandbox of one other than Ron Paul back then and you may be a bit "dazed and confused" should you take my gentle hint to look up the name:
"Lyndon LaRouche" in an idle moment over the weekend, let's say.
All of this will make zero sense to you due to the disparate interests and/or causes and/or beliefs of those mentioned.
Conspiracy? Sure - by Law
(thanks to the same Congress that gave us the tax code we wear like a shroud) and engineered the tax SHELTERS which the IRS or subsequent Congresses blithely overturn conveniently forgetting to "Grandfather" those regs which were completely legal when adopted by an unsuspecting public, some of whom are thence turned into "as-yet-not-apprehended FELONS" as they live their lives blithely unaware --
NOW - why am I telling you this?
Well - it IS interesting no?
But I've noticed a change in sentiment in the doom & gloom Gold-Bug community which far surpasses anything in memory INCLUDING the final nail driven into the Hunt Bros coffin by COMEX at 48.50/oz through the issuance of a "long liquidation only" force majeure order when it finally became apparent the Hunts had cornered the silver market leaving members so short of deliverables bankruptcy was no longer a moot point. It'll be denied right and left and might be the best legacy this old curmudgeon could ever bestow.
The Hunts (or Scotty Dial, or Daddy Dial) aren't the point. The snap change in sentiment is.
Can't really fathom it because truth be told - nothing has changed since running up to the Lehman execution fashioned after similar incentives provided to the French Troops as a handful were shot by firing squad ("por les autre" was the memorable turn of phrase from General Staff "for the others") as the war drew to a close.
So Lehman was executed to put some steel into the backbones of Merrill, Goldman, etc.
And we're STILL too big to fail - WORSE, actually - there's no capital available to anyone other than quircky, good-looking intellectuals with questionable solutions to the idea du jour which may be found completely specious at Sunday Mass when HE says: "No, No - THAT's not what I meant!! OMG - now what?".
5000 years of Golden History should NOT be thrown out with the bathtub gin and the baby.
CERTAINLY not on the basis of the jingoistic Dogma and fuzzy-thinking we've applied thusfar. All the fuel pumping up the equities markets is fiat currency the average Joe believes will have to be paid back someday. Do you really expect to get a tax rebate from Uncle Sam?
OK - soap-box closed -
....... Next week, if you're real nice, I may release a facsimile of the original "Skeleton Key" to the "Gemstone File' given me by Bruce Roberts when I was a VP at the Las Vegas Tropicana.
Now THAT's a fun story.
