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RussianBearwithBalalaika

RussianBearwithBalalaika
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  • The Future of Silver Mining [View article]
    Can you explain why GS, Brown and others want to suppress gold and silver? They must have had some very strong reasons for this.
    Mar 8 12:07 PM | Likes Like |Link to Comment
  • Dundee's 43 Junior Miners Return 71% for 2010 [View article]
    Marco is the BEST!
    Mar 5 10:54 PM | 4 Likes Like |Link to Comment
  • Friday's Market Blow - Jobs or No Jobs? [View article]
    Dog, I root for the people in Wisconsin because in the end they fight for all of us and for this country being civilized. In a way, they fight even for the top 1% of our bloodsuckers because without strong organized labor liberal capitalism is doomed and the whole damn thing can one day end up in "a common grave" of antagonistic classes, as one German bookkeeper put it. But when I listen to those people and see them I know they will be crushed. So weak they are, so unlike the workers of the 30s. Even a non-entity like that governor can bust them. All we can hope for is that this defeat and many others that will follow, together with rapid economic deterioration, will transform these people, will MAKE them to change and look for a RADICAL solution to their radical predicament.
    Mar 5 01:22 PM | 2 Likes Like |Link to Comment
  • Friday's Market Blow - Jobs or No Jobs? [View article]
    Great stuff! Just another proof that US bourgeoisie still produce men capable of critical examination of its affairs even during this feast amidst the plague. Indeed, the widening "scissors" between the profits of US capitalists and the wages of US workers that for the first time in almost 200 years began to grow some time in the 70s has been the main cause of this "recession." That is to say its cause is political in nature (It's not economy, stupid!). Politically speaking, American workers are and in the post-war period always have been sissies who wrap themselves in the flag lest be accused in "un-American" behavior. This is the only working class in modern history who has failed to create its own political party! So the question really is: Why they were allowed at all to live better than underage Bangladesh weavers? A one word answer to this is: USSR. In one of the most bitter ironies of modern history, the US plebs--thoroughly brainwashed with anticommunism and Russophobia--owed its relative well-being (actually quite modest) to the existence of the mighty "commie" state. The war against the Soviet Union made American bosses seek "social peace" at home by sharing with workers the proverbial "crumbs" from their table. But once the SU was gone the deal was off... The old mole never stopped digging though. Dig, baby, dig!
    Mar 5 12:03 AM | 5 Likes Like |Link to Comment
  • Bonanza Aztec Silver – Interview with with Genco in Merger with Silvermex (GGCRF, TSX:GGC) [View instapost]
    Excellent story. Thank you, Marco!
    Mar 4 10:45 PM | Likes Like |Link to Comment
  • Wacky Wednesday: $100 Oil Equals No Inflation, Says Bernanke [View article]
    This is so true! Characters like Gates, the shadow CIA gang, the DIA types seem to be back to business as usual. Ditto their buddies in South Korean, Taiwanese, and Japanese agencies. Obama should better watch his back. His opportunism and sitting on two and three chairs at once can in the end be bad for his health. The old cadres of the October Surprise and Iran contras are alive and well, perhaps stronger and meaner than ever now sensing the support of the hicks of this country. Organized Labor, even in its present pitiful shape, is the ONLY force that can resist fascism "with American face." If they finish off the trade unions the game will be over.
    Mar 3 09:53 PM | Likes Like |Link to Comment
  • Testy Tuesday: 1,333 or Bust - Again! [View article]
    Unfortunately, that’s not a question that concerns the Koch Brothers or President Obama’s Economic Adviser, Jeff Immelt of GE – they are outsourcing their labor and they can’t wait for the day when American schools begin to turn out graduates who will live eight to a room in a factory dormitory and work 12-hour shifts at $2 per hour. >>

    Long before this happens there will be a bunch of grads (and a sprinkle of university professors) to form a "Group for the Emancipation of the Working Class"... All that we need for this is to let Koches and Walkers to have their way.
    Mar 2 08:11 AM | 1 Like Like |Link to Comment
  • Monday Morning - The Calm Before the Storm [View article]
    If many nations were able to achieve so much economic progress while spending 20% or more of their GDP for their military defense during the 20th century; what kind of economic progress will they be able to achieve in the 21st century if the emphasis is in economic race rather than military race.>>

    Economic race implies military one since every race has a winner and a looser.
    Mar 1 07:29 PM | Likes Like |Link to Comment
  • Anticipating a Decline in Crude Prices: Shorting Oil, Silver ETFs Should Be Profitable [View article]
    In 2008 oil prices fell not because of democratic revolutions in the Middle East. These are apples and oranges. If GS goes belly up in August 2011 oil prices may fall 90%. Good luck betting on this. But if democratic revolutions in the Arab world succeed oil prices will go up 90% without any doubts whatsoever. In the first place, any democratic revolution will assume a more confrontational stance towards Israel and therefore the West. As before, Arabs will use their oil as a powerful weapon in this asymmetrical struggle. And when the Saud family goes--which will happen sooner or later--we'll have too many problems in the Middle West to worry about oil prices in the Middle East. Secondly, any democratic regime will do its best to sell as little oil as possible for the rapidly devaluating green paper. They will try to diversify and end their dependency on oil exports. Fourth, revolutions are messy affairs and in the last hundred years or so they have been inherently anti-Western and especially anti-US, anti capitalist in one way or another. This alone itself will guarantee a long period of instability in the flows of oil from that region.

    But the author seems to bet on FAILED democratic revolutions. In his scenario, the old power elites, scared but intact, will try to bribe the masses by social giveaways. To do this, they will have to increase oil production and so on. I see two problems with this line of reasoning. 1. Rarely if ever old ruling classes change their ways for good under the pressure of the masses. 2. As someone has already pointed out, increasing production will defeat its purpose by cutting down prices.
    Feb 28 08:53 PM | 1 Like Like |Link to Comment
  • "Anyone who buys a house these days and pays the asking price is overpaying." Such attitudes, continually weak home prices and “a substantial risk" of further declines of “15%, 20%, 25%” do not bode well for the longevity of Obama's presidency.  [View news story]
    Maybe the fed can pass a law.
    No bids below the asking price.>>

    And maybe Obama should declare that good patriots bid the asking price and a half!
    Feb 22 10:29 PM | Likes Like |Link to Comment
  • Something Spooky About the Way This Rally Is Unfolding [View article]
    Canada, Australia, Norway, Great Britain currencies ... should all do much better than the USA ... as these countries are 'net exporters' of commodities.>>

    Given the structure of Canada's exports it will go down together with the US.
    Feb 21 09:26 PM | 1 Like Like |Link to Comment
  • Silver in a Clear Uptrend [View article]
    With the backing of the FOMC, how can the ordinary investor lose?>>

    Right! Unfortunately, the opposite is no less true... Memento Bernanke: "I can stop inflation in 15 mins." Yes, he can
    Feb 20 08:48 PM | 1 Like Like |Link to Comment
  • Monday Market Momentum - Prices Go Parabolic [View article]
    Les Miserables is the World’s most popular musical – you would think some lessons would have been learned by the bourgeois audiences that walk out of the theater humming the tunes, but no ...>>>

    This is what I would call a responsible voice from within the bourgeoisie and for its sake. The situation is serious, no doubt about it. Yet the approaching dominance of their Asiatic "class mates" (pardon the pun) seems to make the mood of Anglo-Saxon men of property unnecessary apocalyptic. The masses are no longer organized and led by the committed intellectual elites of the past. They are no longer capable of creating a new social organization. The power of states to control, manipulate, and, if necessary, liquidate have grown immeasurably since the times of Lenin and even Hitler or Stalin. The real danger comes from the bourgeoisie itself -- its narrow mindedness, anarchism and sheer meanness. Having suppressed every advance toward a better, that is more rational society, society in the 20th century, the bourgeoisie has left our civilization without any progressive way out of the mess it has created. Which is to say, it has only one left -- Fascism.
    Feb 15 11:13 PM | Likes Like |Link to Comment
  • Avoiding Metals and Mining Could Save Your Portfolio [View article]
    Metals and mining are the most speculative and most vulnerable part of the market. Agricultural commodities and energy are less crowded and speculative, and thus somewhat less risky. >>

    Your point about excess liquidity is well taken. But I wonder if you have any hard data to support this statement or this is just your gut feeling. The other day I had a conversation with a very wealthy fellow who told me that "serious" money has gone into food and that this is the way the United States, with its powerful agro sector, is going to show the rest of the world who is in charge. Is there a way to ascertain or disprove a hearsay like this? Thanks for the article.
    Jan 29 06:45 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
335 Comments
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