Bernie Madoff, Marc Faber, Jim Rogers, Peter Schiff, Eric Sprott

Investors' Insights:

Week Ending March 2, 2013

FIRST FINANCIAL INSIGHTS

"Investors' Insights"



Marc Faber - 2013 Gold Price Prediction

Now this video gives us a little insight into why he is carrying so much Gold in his own portfolio -25%. So now, you can see why he is so eager to have us buy more and protect his position. Otherwise, if we do the opposite and sell all our holdings - then our poor Mr. Faber faces unkind losses and embarrassment. All this could also lead to a career change for our dearest unbiased advisor.

By the way, will you tell us Marc when you decide to sell or reduce this position before you actually do? Hmm...

Madoff get back in the cage -

First Financial Insights

March 1, 2013 

Believe me, I told you 25% is in Gold

Home Sweet Home

Peter Schiff Blog: Video: The Real State Of The Union:

 Video Summary: The real state of the US economy; Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is t...

Here's Peter at his finest. Now let's do a straw poll here, does he make any sense? You're right he doesn't, as like most in this sales practice filled charlatans, they focus primarily on short-term abstracts and situations. Never do we get to the real problems causing the bloated debt, climatic chaos and financial tipping point.

Consider this,within the next ten years there will be less food, water, energy, and minerals, but more gold, pollution and people demanding more of the less food, water, energy, and minerals.And with each subsequent ten year period it will get much worse, until we actually run out of almost everything.

Beam  me up Scotty...

First Financial Insights

February 28, 2013

Peter, thanks for your thoughts and advice.

Marc Faber : Buy Gold To Protect Against The Next Crisis - Dr. Peter G Kinesa

Not really by design, but this week the two themes at "Investors' Insights" are quite similar, even in spelling: God and Gold. They both promise miracles and value forever. These assertions are not subject to object tests of quantum information, and thus fail to meet the burdens of proof needed to judge their on-going existence as scientific truths.You are, thus, left to your own speculative devices.

Peter is absolutely correct in pointing out that gold is not insurance against systemic risk - we believe any educated mind can easily understand the mathematical and physical reasons fairly quickly. However, it is beyond us why Marc said this, and Peter is being a little tough with his remarks. That's Peter.

To be clear, it is impossible for gold to insure systemic, nor does the belief in the other one, insure you absolute entry somewhere forever  over the rainbow.

First Financial Insights

February 27, 2013

Marc Faber : Buy Gold To Protect Against The Next Crisis - Dr. Peter G Kinesa

Oh My Gosh! Why all the Bugginess over Gold? It does nothing for our real economy, nothing to assure our on-going subsistence and expends currency from the real wealth of the planet. A net negative to planetary wealth.

Marc in this telephone interview is again taking on a senior role at the Pearly Gates, by saying or suggesting two things. Gold is insurance against systemic risk. And investors should hold up to 25% of their portfolio assets in gold. There is no way on earth that he can predict or state this just based on past events. The future is filled with a vast number of permutations, as regards the possibilities and possibilities of outcomes. One is that the price gold collapses more that everything else for any number of reasons. To say gold is some form of insurance against anything is - JUST PLAIN STUPID!

That said,obviously the 25% gold allocation is also not so wise for non-speculative portfolios.

When the crap really hits the fan, folks are going to be thinking more about gas, water, food and medicine. Things get pretty basic.

But let's not get into the prediction game here.

Dr Peter G Kinesa

February 26, 2013

" Peter, Gold Is Insurance Against Systemic Risk!" - GOD

Jim Rogers : Gold Is Overdue For A Nice Correction

Yesterday we published, commented and provided the link to one pundit's (Eric Sprott) video regarding the price of Gold. Now here's Jimmy, more or less saying "hey guys, this is too good to be true".  We would guess his opinion is a little less biased and closer to the probable outcomes that lie ahead - classic reversion to mean. But it is also remarkable, to see how two leading pundits differ. Such are the markets.

Still, as we said yesterday, even God knows he is not a Gold Pundit. Nor are we.

First Financial Insights

February 26, 2013

You decide?

Eric Sprott Blog: Is the West Dishoarding Its Sovereign Treasure?: 

Chris Martenson of Peak Prosperity interviews Eric Sprott of Sprott Assets. This interview occurs during the recent smash down of gold ...

This is not a asset category that we generally hold an on-going opinion on. First, the idea that gold is the last store of value is a preposterous idea in our "scientific economic modelling" having no relevance whatever to sustaining human existence. Gold's value is thus an abstract construct, and not a concrete construct for purposes of object scientific analysis. John Maynard Keynes also refused to entertain it as have any meaning to real economic activity. Rarely do we ever agree with Keynes - he had his flashes of brilliance. 

It is simply an element extracted from the planet that is a bit more attractive looking than others, so it must logically have more value. This group think " beauty in the eye of the beholder" has a long history. But history will never predict the future, it simple allows for the setting of possibilities and assignment of probabilities.

So we would agree with the Central Bankers who are quietly unloading their inventory,while trying sustain these high price levels for as long as possible. Gold's price, because of its speculative nature, could collapse at any time for whatever reasons - to $1000 or even $500 per ounce. And, not return to these price levels for years. One thing we can guarantee for absolute certain: neither the Central Banks nor Eric Sprott knows for sure. And we know that we certainly do not know. " No one does in reality."

Most importantly,the difference between Gold Pundits and God. God knows he is not a Gold Pundit.

So why have regrets, particularly when there is enough gold above ground for 400 years of industrial production, while oil runs out in about 40 years. Then good luck, in 2055 or 65 in exchanging that ounce (ton) of a pretty metal for a fruits and vegetables basket. 

First Financial Insights

February 25, 2013

How many tons of gold per basket in 2065?

Not even God knows for sure...

Eric Sprott, Jim Rogers, Winston Churchill, Peter Kinesa, Marc Faber

Investors' Insights:

Week Ending Febraury 16, 2013

FIRST FINANCIAL INSIGHTS

"Investors' Insights"

Dr Peter G Kinesa Blog, February 15, 2013

Article; The Guardian (UK), 

Indeed, there is a gathering storm ...so let them know!

First Financial Insights

February 15, 2013

Secret funding helped build vast network of climate denial thinktanks

C

"Don't Worry Mom - What goes around; Comes Around..."

Can you believe this? Are these people nuts? There is no climate change. We are not overpopulated. The world has enough resources for eternities. No species are going extinct. Glaciers are not melting.  Fresh Water is plentiful.  The global economy is not on the brink of collapse. These are just a few of the misconceptions and lies that these right-wing kooks are promoting.

What next? Mathematics does not exist? The laws of physics are negotiable and may be legislated away? We have supernatural powers?

Funny, the Nazi’s believed in the occult too. There is no doubt that these jug-heads are revisiting Mein Kampf for inspiration, techniques and speeches to stir the vast uneducated masses. To stir their fears with lies, propaganda and rhetorical ideologue.  However, this time the holocaust will go well beyond millions – for the fate of the human race is now at stake along with the lives of billions.  There are no higher stakes.

The mainstream media is restricted in how they may coin and define these sick, twisted and intellectually perverted right-wing think (sic) - tanks. We are not. They are carbon copies of the 1930’s  Brown Shirts that bullied their way into German power. And the world has not forgotten the dangers and sickness that these cowards bring upon an unsuspecting world. Churchill taught us well. We will never forget Winnie’s tenacity, wisdom and superb foresight that saved not only a Great Island Nation- but it also saved a civilization from its untold evils.

So today again, this evil stirs in our midst. Seeks to destroy the civility of our species. To undermine its true progress by destroying the books of science and truth; to serve their sole evil perversions.  

  

So let them know that on every beachhead of thought, they will find those with a greater will. A greater determination.  An unyielding belief that we will prevail. We will prevail against all adversities. And let them know, that there is no doubt – no doubt at all, that we will win and defeat their lies, censorship and propaganda on every turn. On every word. On every deed.

History has revealed their sicknesses before, so let them know that we understand the hardships we face in defeating the cancer of these think-tanks and their nefarious troops of words and deeds. Let them know, that we see this gathering storm. Let them know, that we will prevail against all adversities – and, win today and all the many days that lie ahead. So, let them know!

An Outraged and Inspired,

Dr Peter G Kinesa

February 15, 2013

A gathering storm...so let them know!

Jim Rogers : The next 30 years will be the decade where the producers of real goods are in charge

Preaching to the converted here Jim; as shortages, not just in fossil fuels, but in many other key non-renewables should see hard commodity prices spike a 1000% plus, in 30 years. Soft commodities will also experience similar lifts as usable farmland is lost to climatic chaos and unfettered development. All of which makes no sense whatsoever, when projected increases in population  range from 2 to 3 billion during this period. Now crunch these numbers. 

That's why we agree, and say that this mess just doesn't pencil out.

First Financial Insights

February 14, 2013

Secrets of Crunching Numbers 

Eric Sprott Blog: There is a Serious Vulnerability in the Financial ...

Eric Sprott is interviewed by Greg Hunter of USA WatchDog. Eric discusses how the bond markets has become a farce and that it could col...

When the brightest "independent" investment and economic thinkers are all singing from the same page - well you think that there might be a little more substance over form in their carefully and wisely constructed professional views. We certainly do not ignore the leading chorus of Eric Sprott, Peter Kinesa, Marc Faber and Jimmy Rogers - and, of course, yours truly. One would be foolish not to believe that there is something in the wind and coming soon - and it is not the Easter Bunny.

In short, what all of us are saying is that at any moment bonds could collapse sending the global economy into a New Dark Age. Such is the wisdom of your "Council of Elders."

First Financial Insights

February 13, 2013

"So Eric, Peter and Marc now agree with Jimmy, right?"

Marc Faber Interview with MoneyControl.com

Marc believes markets are topping out and points to Apple's 30% decline as to how stocks can rise then fall back again. So short term, he thinks that a 10 to 30% reversal is still in the cards. He points to the sell off that occurred in 1987, when stocks collapsed 40% in two month after a preceding 44% run up.

We concur with Faber, that the risks are high in the short-term, but we know that markets can climb the wall of worry, despite rational fundamentals. It has its own mind; perhaps abetted by the flash- traders dance, thereby becoming more of a casino. However, as there is no strong rational for any long-term positive sentiment, we are biased towards short positions particularly in US Banks, Brokers and Treasuries. Tech companies should also see valuations punished more than the broader market. Facebook and Apple are still high on the list.

The turning point will be the collapse in Bond Market that is long over due, as everyone knows that the inflation figures are being rigged by Washington to keep rates low. This game cannot last, as sooner or later the market sees through such things; albeit the FED can continue to prop it up by printing more money.

These are time to be extra careful. Period

First Financial Insights

February 12, 2013

Funny Money Games: When Seven is Eleven?

Jim Rogers Bullish on Water Investments

Who could dispute Jim's logic on this bet? First, water is the most essential ingredient required by farmers to ensure the delivery of their harvested crops. Our food stock capacities are thus directly tied to  the adequacy of water supplies. Global populations continue to grow at a rate of over 1% a year with no signs of abatement. We are thus annually adding close to 100 million new mouths to feed.

Now at the same time, farmland and water is contracting due to commercialization, climate and polluting elements With each day, farmland and water are thus becoming more vital to the subsistence of global populations. In fact, China is now importing Great Lakes Water from Lake Michigan through Nestles. This is a sure sign that the supply of fresh water has deteriorated to an unacceptable level in a maior industrial nation. "Serious and deeply disconcerting."

So we are on side with Jim here, but the question is how to invest in this critical sector? Not equities for sure, as the levels of global systemic risk are presently much to high, in light of sizable increases in global interest rates, pending. To be short, we return to a buying farm - Jim's top investment pick - with one additional caveat ; just make sure it has an assured supply of water on the property.  

First Financial Insights

Febrauary 10, 2013 

Running on Empty

Jim Rogers: How to Become a Multi-Billionaire - Dr Peter G Kinesa

Our Cuddly Gurus 

Below we have published Peter's complete post from his blog today because we believe it provides an excellent overview and summation of things to come and the reasons therefor. We obviously agree with his conclusions and believe that these insights are world-changers as the message could not be any more clearer. Either we get our act together real soon or the future holds a path of immeasurable human suffering. This is much, much more that Winston Churchill's "gathering storm" - it is a message of a possible catastrophe bearing unprecedented proportions. With Unprecedented Implications.   

On a lighter note, we would prefer to take home a couple of these cudly guys

First Financial Insights

February 12, 2013

Jim Rogers: How to Become a Multi-Billionaire

Everyone who invests, saves, manages money or is in some way affected by the markets should watch this video clip and garner solid insights from one of the best in the business. Jimmy is great. Colourful, sharp and a sparkling character that you would just love to take home forever - a cuddly puppy dog.

But be careful. Remember Rogers, Buffet, Bogle, Soros and all the rest made their money and wealth in the very best of economic times. It was comparable to shooting fish in a barrel when measured against present investment, market and economic circumstances. Those days are long gone. Long gone. 

Why? When these guys made their fortunes the world population stood around two billion, while today it stands at over seven billion, adding another one billion every ten years. This spells disaster ahead in a few short years as the real wealth generating capacity of the planet collapses under the weight of the resource demands of this untenable population load. A major war can be expected as history proves itself again.

Moreover, this exploding population is drying up all the critical resources needed to drive the consumer-industrial-military complex including arable farmlands. Climate chaos is also expected to affect most of the US bread basket in the next twenty-five years according to official US agricultural agencies. Add to this the fact most non-renewables will be economically depleted in less than fifty years - the outlook spells out a collapse in the "Real Economy" by mid-century, if not much sooner.

Why much sooner? Well remember currencies are abstracts - merely symbols that convey the idea that a some point they may be converted into a real usable object. Also remember that conventional economics is an utter farce and fraud, that promotes a ponzi scheme creating these abstracts or fiats exponentially without any regard or relationship to the underlying "Real Economy". When the planet can no longer produce real usable objects because all it resources are exhausted these currencies, abstracts and fiats become absolutely useless and meaningless. 

And there's more. The ponzi schemer's greed has created a valuation trap, whereby they cannot raise global interest rates. Because if they do asset valuations will collapse by 50% or more across the board sending the global economy into its final "Dark Ages" prior to the outbreak of hostilities. The point here is interest rates will rise at some point soon because hyper-inflation is guaranteed, inevitable, unavoidable and inescapable when you have more and more people and declining resources and food stocks created by flawed economic beliefs perpetuating a ponzi scheme.

A scheme premised on the infinite creation of abstract and fiat currencies with an exponential weight of false promises that will collapse the global financial system faster than the wildest of predictions of any of the doom and gloom gurus. In the end - its just the MATH of it all.

NOTHING WILL ADD UP!

So buy Jimmy's book as a keepsake, highlighting the beginnings of the great economic fraud, of times when clever game players could exploit the weaker, when abstractions and fiats were the operative reality, when Mother Earth didn't matter, but did. And in the end, we will learn that we ultimately had to play by her rules - and for so many; it will be all too late. Indeed quite sadly, all too late.

Better yet, buy a cute cuddly puppy and take him home forever...

Dr Peter G Kinesa
February 12, 2013

What is it about Books, Guru's and Puppy dogs?

#IMAGINE

....on this day there are dreams that touch the

 hearts of the last eternity, where whispers

 dance with stars... 

IMAGINE

And always in those dreams - are Martin, 

Bobby, Jack, NYPD, NYFD, and so many 

others

 - who stood tall and never stopped believing in

 those dreams...

and for that , we say thank you

So again, we imagine

December 25, 2012

... and YOU are not the only ONE

Dr Peter G Kinesa, : Calculated Risk: FDIC reports Fewer Problem banks,...

Dr Peter G Kinesa, : Calculated Risk: FDIC reports Fewer Problem banks,...:


The road less traveled... " When power corrupts, poetry cleanses" John Fitzgerald Kennedy, circa 1962  

 

 

 

 

Calculated Risk: FDIC reports Fewer Problem banks, Total REO Declines in Q3 Frankie: So Bring in the Clowns... Whatever you th...

Dr Peter G Kinesa, The Quantum Realonomist: Marc Faber: Middle East Will Blow Up and Affect Ma...

YIKES!

Dr Peter G Kinesa, The Quantum Realonomist: Marc Faber: Middle East Will Blow Up and Affect Ma...:

So much for overpopulation and economic growth.   Marc Faber: Middle East Will Blow Up and Affect Markets Marc understands that we ...

However, " it ain't over until it's over" - Yogi Bera, circa 1960


First Financial Insights Inc

Toronto, ON

Economic Eve of Destruction

Fear the history of these times...

Economic Eve of Destruction

Failed Keynesian Conjectures; Brings History to Dangerous Times

Comments published, The Telegraph, October 8, 2011

Keynesian economic theory offers little in the way of remedies for the woes of the banking, monetary and economic issues we now face. More debt or the printing of more money are the old tricks that got us to where we are by pushing yesterdays’ problems into tomorrows. We have run out of tomorrows.

Perhaps now economist will seriously consider the idea that science and physical constraints are relevant to the social speculations founded in their arbitrary contextual mathematics and logic. Somehow it appears that the years of inertia that rests in these age-old abstracts is too comfortable to disturb and will require a greater counterforce of pain to align these theories with reality. It is the implications of this pain that should be feared. Implications being perhaps demonstrated in the ongoing voices of global protest and unrest that could serve to create that necessary counterforce.

If true, then the "course of history is entering a dangerous time" that could have been avoided had economic thinking simply acknowledged the existence of science and physical constraints. Instead, we now wait for an invisible hand to wave magic on these woes to remedy issues that are very real. Such madness should never have entered serious civil discourse, yet it had.

As a result, we should fear the history of these times…

T.A.McNeil

First Financial Insights Inc,

Toronto, ON.

@FirstFinInsight

Villan or Hero?

WARNING: THIS VIDEO MAY BE DISTURBING

Train Wrecked Economies

World Economy Off The Tracks

Train Wrecked Economies

World Famous: “Nauru School of Keynesian Economics”

Comments: Wall Street Journal, The Guardian, The Globe and Mail.

Today it is almost certain that every economist in America and Europe earned their degrees at the world famous “Nauru School of Keynesian Economics”, with further studies in applied research on Easter Island. There they learnt important lessons in physics along with the mathematical concepts of finites and exponentials. They were taught that it was essential that these concepts be absolutely excluded from all economic theories. Otherwise, the contextual logic of the stories they we’re going to tell later just would not make any sense.

Now how much economic thinking does it really take to come up with their two best routine prescriptions: print money and issue more debt? Even today, they cling to these self-destructive remedies, despite estimates by leading pundits – Bill Gross, PIMCO - that the total US federal debt inclusive of future entitlements is calculated at $100 Trillion. Why is this an important number? Simply, because it is nearly the dollar value of the 1.2 trillion barrels in global oil reserves reported in BP’s 2010 World Energy Report. Wow!

It get’s better. First, the OPEC numbers could be substantially lower than reported, by 20% or more. Second, increases in debt, implies that more oil will actually need to be created. Or worded another way, scientists need to start learning how to create new planets. Third, the total debt number does not include other government and personal debts. Lastly, if all the current debts were paid with all the world’s oil reserves immediately, then what the heck do you do? Yikes!

In the last analysis, this is a proverbial train wreck caused by a failure of common sense not to include key principles of mathematics and physics in the foundation of economic theories. However, I guess the only problem with common sense is; it is just not so common. At least, not at the “Nauru School of Keynesian Economics”

T A McNeil

First Financial Insights Inc.

Toronto, ON

@FirstFinInsight

Famed Location Where It Began

"Nauru School of Keynesian Economics"

Bill Gates, Where Are You?

Bill Gates, Where Are You?

Tech Guru Fails Reality Check: Ignores Overpopulation

By 2050, with a population of 10 billion, including 1.4 billion each in China and India, we are in effect committing suicide. 
How Gates efforts ripple, undermining the future of the planet.

 
"One of the disturbing facts of history is that so many civilizations collapse," warns Jared Diamond, an environmental biologist and author of "Collapse: How Societies Choose to Fail or Succeed." Many "share a sharp curve of decline," that often begins "only a decade or two after it reaches its peak population, wealth and power." 

Some warn: "It's already too late." "We're past the point of no return." 

Gates billionaire buddies should re-examine the effect of the world's out-of-control population problem as it ripples through the lens of Diamond's "collapse equation." It's very simple: "More people require more food, space, water, energy, and other resources ... There is a long built-in momentum to human population growth." 

So take a moment and ask yourself how the world's explosive population growth from seven to 10 billion in one short generation, plus their increasing demand for more resources per capita, will ripple through Diamond's other 10 key variables: 
1. Energy 

Oil, natural gas, coal: They're all near or past their tipping points. With costs accelerating, new technologies and alternatives, biofuels, solar, nuclear power, will never be enough. Unfortunately, by 2050 demand for fossil fuels will still be 80% for 10 billion. 
2. Food 

Two billion global poor live on $2 a day; depend on fish and wild foods that are dying off for protein. Increasing food prices make matters worse. Green revolution failing: United Nations study says new production technologies have not improved food access. 
3. Water 

Water problems destroyed many earlier civilizations. Today a million lack safe drinking water. By 2015 two-thirds of the world will live in water-stressed countries. 
4. Farmland 

Water, wind eroding crop soils many times faster than new formation. 
5. Forests 

We're losing rain forests and protective timber reserves at accelerating rates. 
6. Chemicals

 
Our air, soil, oceans, lakes and rivers are dying from toxic chemicals. 
7. Solar energy 

Sunlight's limited. By 2050 we'll use 100% photosynthetic capacity. 
8. Ozone layer 

Our CO2 is destroying our ozone protection, reducing solar energy. 
9. Diversity 

Wild species, populations, genetic diversity, lost, rest out of balance. 
10. Alien species

 
Transferring species to new lands destroying native species. 

Diamond's historical research tells us that leaders are myopic, motivated more by self-interest, expediency and money than by courage, convictions and long-term thinking. They fail to act in time. Unprepared, their worlds crumble fast. They may respond to a catastrophe. But in the end, history tells us over and over that most leaders live in denial, avoiding timely decisions, failing even in time of crises, till it's too little, too late. 

Gate’s Billionaire Philanthropist Club probably knows in their hearts the truth. They're not in denial. They've given up. The problem will never be solved. So they're not even trying to fix the overpopulation problem, instead, focusing on short-term feel-good efforts, knowing that in the not-too-distant future the planet, our civilization and the human species will fade to black. 

Let's pray that Uncle Warren gets back into the game demanding they "don't just go for safe projects. Take on the really tough problems."

In all, it behooves us to ask our so-called brightest and best why little attention is being paid to the simple algebraic outcomes of overpopulation. To demand that they turn their intellectual skills and other resources to reversing the trending momentum that is clearly pushing the human condition over the cliff to its last waltz. Bill Gates, we call on you to also focus your energy, time and efforts to the single greatest concern that has ever confronted the human species. For in the very end Mr Gates; regardless of the stripes we choose, rich or poor, green or blue, young or old, we are still all in this together...

First Financial Insights Inc

November 22, 2011

Toronto, ON

Certain contents of article provided courtesy of William N Ryerson, President

Population Media Center and Population Institute

P.O. Box 547

Shelburne, Vermont 05482-0547

U.S.A.

www.populationmedia.org

CALLING ALL YOU ANGELS; 

OUR BEST AND BRIGHTEST

The FINAL Chapter?