“Makes me sick… I’m hoping he has to eat the words.” — Eric Sprott on Larry Kudlow

“Makes me sick… I’m hoping he has to eat the words.” — Eric Sprott on the US’ new chief economic advisor (Weekly Wrap-up, March 16, 2018)

By Craig Hemke, Sprott Money News

 

It’s a lively discussion this Friday, as yet another chaotic week wraps up. Eric Sprott has plenty to say on President Trump’s new chief economic advisor, the ineffectiveness of the tax cuts, and what all this chaos means for gold.

“We had this tax cut and we thought two things would happen: People would spend more money (NOT!) and companies would spend more money (NOT!). We had all this theory that everyone’s going to have more money to spend, and nothing happens! … It boils down to the basic facts that you and I have discussed: The average guy is experiencing sharp inflation and no wage increase. … We keep forgetting about the changes in health care premiums—which, of course, are consuming huge amounts of everyone’s income. And even real estate taxes, and insurance bills and, oh my God, the things that are going up all the time! The amount of money we have to spend on phones that we never spent on phones 15 years ago. Incredible expenses for families. They’re having a tough time… I’m not surprised we don’t have liftoff.”

 

To hear Eric’s full thoughts on these topics and more, listen here: https://www.sprottmoney.com/Blog/makes-me-sick-im-hoping-he-has-to-eat-…

 

“Makes me sick… I’m hoping he has to eat the words.” — Eric Sprott on the US’ new chief economic advisor (Weekly Wrap-up, March 16, 2018)

By Craig Hemke, Sprott Money News

 

 

Check out these other articles by our contributors:

The Race to Repatriate Gold Reserves Accelerates - Nathan McDonald (15/03/2018)
Are You Ready For The Next Rally In Silver? - Craig Hemeke (13/03/2018)
Super-Duper-Irrational Exuberance - Keith Weiner (13/03/2018)
Mr. President, If We Don’t Have Gold, We Don’t Have a Country - Stewart Dougherty (08/03/2018)

Comments

DarkPurpleHaze Fri, 03/16/2018 - 16:46 Permalink

Yeah, I bet both these hucksters are sick to their stomachs.

"Peak Nobodies Listening Any Longer"

You've both stated on numerous ad nauseam occasions emphatically you believe the COT's are NOT credible data. Rigged paper and skewed/misleading etc, right???

How did this recent COT B.S work out for you?

You are NOW using them two weeks in a row to show that they and you are now somewhat credible by selectively using (desperately hoping) you come out looking right about any of this???

Dude...silver is stuck at $16 and gold at $1300 for how long now and you're clinging to COT's like they actually matter in any meaningful way?

What do you think will happen to the price of PM's once (or IF) NK denuclearization is achieved? Risk off, stronger $ and lower PM prices.

And then there's this giant dung beetle-like turdball aka Kinesis.

Lol, seriously?

A sucker is born every minute? You can only hope.

Introducing Kinesis - A Possible Monetary Revolution

By Turd Ferguson | Tuesday, March 6, 2018 at 12:43 pm

Earlier today, we had the opportunity to catch up with Tom Coughlin, CEO of Allocated Bullion Exchange and Kinesis Ltd, a new gold-backed currency being unveiled in 2018. Tom was joined by our old pal, Andrew Maguire, and together they were able to explain how and why Kinesis can provide a GLOBAL MONEYARY REVOLUTION."

"But it's much more than that.

Kinesis brings the possibility of hope and prosperity to billions of people worldwide who have been impoverished by the current, debt-based monetary system. All the while, physical gold and silver flowing into Kinesis should provide an extraordinary stress for The Banker's current fractional reserve and paper derivative pricing scheme.

This sure sounds like a WIN-WIN to me." 

~~~~~~~~~~~

Seriously? How sappy was all of that?

Billions of people worldwide? Maguire's latest scheme partnership will lift BILLIONS OUT OF POVERTY AND CHALLENGE DECADES OF CENTRAL BANK ACTIVITIES?

Lol, c'mon!

You're an unabashed and obvious shill or simply a fool if you actually believe (and continue to shill) the idea that a shiny new Andrew Maguire ploy can...

"...provide a global monetary revolution."

Are you F'n serious?

Or is this just another case of what I've been saying....you'll say ANYTHING for a dollar (including a new website you have no intention of providing/2 years?) even if it's obvious B.S. like the above Maguire partnership scheme. It's laughable yet par for the course

 

Remember this beauty?

#Hot

#Explosive

#HistoricSummer...aka as blatant and admitted BS by you via Maguire...again.

(Which you deleted btw. If not, provide the link and prove me wrong publicly.)

#ICanVouch4AndrewMaguire/lol

#RockBottom/Exposed

#FakeAnalysis

Jamesf1010 Fri, 03/16/2018 - 18:45 Permalink

Your words are falling on deaf ears. Why do you think they want all the guns? They've been robbing the country for years and the house of cards is starting to crumble. You can't believe ANY of the numbers the gov't puts out anymore. The press is fake. They're just seeing how long it'll go before it all collapses. How do spell Venezuela? Good luck and prayers to all. 

nostops4me Jamesf1010 Fri, 03/16/2018 - 21:18 Permalink

Funny.  I never see ads to buy other commodities - "get into OIL baby, it's going to the moon!"  "Corn, now!  It's for the kid's cereal!"  "Cotton! It's the new, yet old RAYON now that oil prices are outta sight!"  "Soybean oil!  The new bitcoin!"

 

I would have more faith in gold and silver being useful if the Western banksters were hoarding it.  Apparently they have other plans.  And because gold and silver are not nearly as widely distributed in the population today as compared throughout most of history, as a medium of exchange and a store of wealth - I am skeptical.

 

So for something heavy to lug around for barter, I'm keeping a couple extra boxes of Winchester 9MM and Federal .45 Auto ammo in the closet.  I hope I'm wrong about that investment approach...

In reply to by Jamesf1010

Aireannpure Fri, 03/16/2018 - 20:05 Permalink

Kudlow/Gartman trade, sell gold and buy USD?  USD going to Kudlow's Kingly throne..the toilet. The CL is already effected by this Russia/China gold/yuan thingy. Pay attention to this and not Larry the lip.

fedupwhiteguy Tue, 03/20/2018 - 06:29 Permalink

o/t

50% of women have a man already picked out as plan b if their current relationship fails. (http://www.dailymail.co.uk/femail/article-2769593/HALF-women-fall-partn…)
60% of women admit to having an affair. (http://magazine.foxnews.com/love/cheating-statistics-do-men-cheat-more-…)
69% of wives initiate divorce. (http://www.huffingtonpost.com/entry/women-more-likely-than-men-to-initi…)
90% of wives, wherein the couple are college-educated, initiates divorce. (http://www.yourtango.com/experts/cindy-holbrook/top-10-reasons-why-wome…)
10% of children are false paternity. (http://disinfo.com/2011/02/one-out-of-ten-people-werent-fathered-by-the…)
95% of genetic counselors lie about paternity. (http://thelibertarianrepublic.com/paternity-fraud-is-it-legal-to-lie-ab…)
41% of 1st marriages end in divorce. (https://www.mckinleyirvin.com/Family-Law-Blog/2012/October/32-Shocking-…)
60% of 2nd marriages end in divorce.
73% of 3rd marriages end in divorce.
82.2% of women granted child custody. (http://www.census.gov/prod/2011pubs/p60-240.pdf)
Child support payments can be extended beyond 18 years of age. (http://dadsdivorce.com/articles/child-support-age-of-emancipation-in-yo…)
Alimony payments continue even when women cohabitate with another man. (http://farzadlaw.com/california-divorce/will-my-wife-get-spousal-suppor…)
Palimony payments forced on men who had live-in girlfriends. (https://www.reference.com/government-politics/states-palimony-laws-ee50…)
Prenups are thrown out in favor of fairness. (http://www.dailymail.co.uk/news/article-3525528/Judges-say-ignore-pre-n…)
Divorce devastates men financially (paying for 2 households) & emotionally (loss of access to children). (https://eternalbachelor.wordpress.com/2007/07/23/back-to-basics-divorce…)
Postponing intercourse until 26+ avoids life's pitfalls (cock carousel riders are bad news all around). (https://youtu.be/um3EmS9DKsI?t=581)
Virgin brides divorce less than cock carousel riders. (http://socialpathology.blogspot.com/2010/09/virgin-bride.html)
Women start losing their Sexual Market Value at 20 y.o. (http://www.hookingupsmart.com/2013/10/31/relationshipstrategies/conclus…)
Women gain weight after marriage. (http://www.thehealthsite.com/fitness/5-reasons-why-women-gain-weight-af…)
Frequency of sex drops off after marriage. (https://pairedlife.com/physical-intimacy/Reasons-Why-Sex-Decreases-Afte…)
Woman are just crazy for a man's money. (https://au.answers.yahoo.com/question/index?qid=20130625025358AAcogQy)
Sperm donors can be forced to pay child support. (http://www.nydailynews.com/life-style/health/sperm-donor-sued-child-sup…)