Audioblog #73 – FOMC Lunacy Opens The Gates Of Financial Hell by Andrew Hoffman | Jan 29, 2015 | Audioblog | 17 comments 17 Comments I. WILLARD on January 29, 2015 at 1:25 pm Andy, found your WRITTEN Blog about six months ago and have enjoyed READING. Would print and read during the busy day as time permitted.I think you are 100% correct on your analysis of whats going on and hope you will consider more info in written form.Do not have enough time to listen to long audio blogs… Andrew Hoffman on January 29, 2015 at 4:03 pm Thanks for the feedback. Trying to find the optimal mix. a Andrew Hoffman on January 29, 2015 at 8:51 pm Thanks for the feedback, trying to figure out the optimal product. Theravaida on January 29, 2015 at 7:04 pm Andy, Super-rich mutual fund owners (I’m not talking about piddly mutual fund managers, but rather the bankster cabal that own the freaking things) start preparing for doomsday, storing foods and ammunition. What is they know that the sheep don’t? The derivative exposure is out of control and super-leveraged? There is no collateral left? The Bolsheviks are coming or how about a World War? This is not some conspiracy gobbledee-gook, it’s from an as mainstream source as you can think of originating in Davos. http://www.news.com.au/finance/money/the-super-rich-are-planning-their-escape-in-case-of-an-uprising/story-e6frfmci-1227199777221 Theravaida on January 29, 2015 at 7:35 pm And related link with more on this below: http://www.theguardian.com/public-leaders-network/2015/jan/23/nervous-super-rich-planning-escapes-davos-2015 bullionbull on January 30, 2015 at 5:50 am Andy, have the audio blogs available as a mp3 download. Cannot spend time watching the screen at youtube. I listen in the car on the way to work Andrew Hoffman on January 30, 2015 at 7:44 am David, Someone else asked the same thing earlier this week; and when I looked into it, found that our current blog platform doesn’t support MP3 downloads. That said, Miles Franklin will likely be unveiling a far more technologically advanced website in the coming weeks. Thus, I have inquired as to whether we can download MP3 files onto it. Will keep all posted. a Custerluck on January 30, 2015 at 8:48 am Andy, I greatly admire your knowledge and ability to transfer it to some of us knuckleheads. As I am writing this on Friday morning, I am still suffering from the PM losses on Thursday. Your 30 minute report is from Wednesday (and outdated by late Thursday). Due to the extreme violativity of the market, it may make sense to make daily ten minute written reports instead of twice a week 30 minute oral reports. Besides, few of us have 30 minutes to listen to old news. With written reports, we can skip to those parts that are most interesting to us. Thanks again for your great efforts to keep us informed! Andrew Hoffman on January 30, 2015 at 8:53 am Ray, Doing my best to optimize my mix/timing of output. Thanks for the feedback. And for the record, I don’t think my audioblogs get outdated in a day. There is very, very valuable info in each of them. a Mike on January 30, 2015 at 1:27 pm If I can suggest. Do not worry too much about the day to day value of your PMs. It is extremely calming for me to know that I have some close at hand than to worry about the daily fluctuations in value. As long as the cabal can continue the Paper Shuffle the true value is likely to stay out of focus. When the time comes that nobody can access physical the value will go through the roof. A bird in hand is far more valuable than one out of reach. whirlaway on January 30, 2015 at 11:52 am A friend says that even a gold standard is a form of fiat. I know that is wrong, but can’t say how! How would you respond to that? Andrew Hoffman on January 30, 2015 at 2:54 pm That’s a very ambiguous statement. By definition, if is of course not a form of fiat. However, if people entrust governments as to how much gold they have – and they lie about it – the currency is in fact unbacked, and by definition fiat. Of course, after this whole system crashes down, no one will trust governments for generations – so I don’t expect an actual “gold standard” anytime soon. However, gold (and silver) IN HAND will be their own “gold standard.” a luis carlos avila on January 31, 2015 at 1:59 pm Mr. Hoffman is correct.,Silver production will collapse very soon ,at least in Mexico.”83%(200 out of 230) of mining operation in Zacatecas(silver producing state) have completely cease mining due low prices and taxes(7.5% and additional .5% and royalties) http://www.jornada.unam.mx/2015/01/31/estados/026n1est Andrew Hoffman on January 31, 2015 at 3:49 pm Wow! If true, that is a simply astonishing – and ominous – statistic. a Mike on February 1, 2015 at 8:01 am Say no to the SDR. At some point in the future there will likely be an effort put forward to establish a new currency system. Lots of pain is likely to be felt before that occurs but in my view we must not go the route of the SDR. Special Drawing Rights would simply be allowing the same elites to control us again. I do not know the answer to fixing up this mess but I sure know the cause of the troubles we are in today. Buy gold now while you still can. Question for Andy..If all the gold produced in one year was placed in a cube…what would be the size of the cube.. I have heard that 100 years ago the average gold grade mined was 1.2 ozs per ton. Now we are at maybe 1.2 grams per ton… Is this anywhere in the ballpark… If true then it stands to reason that gold will eventually increase in value by multiples in my view. Andrew Hoffman on February 1, 2015 at 9:02 am If all the gold EVER MINED was melted into a solid cube, the cube with sides of 20.5m would fit in an Olympic Swimming Pool. http://demonocracy.info/infographics/world/gold/gold.html Mike on February 1, 2015 at 12:16 pm Thanks Andy.. I have never seen this before. Cool… I look forward to what you have planned for us this week.