Glenn Greenwald and a few words of wisdom

Glen Greenwald gave a brief interview on the radio today. What he had to say was
not exactly news, or new or especially brilliant. What it was though was to the point
and expresses eloquently, in a way that most of us wish we could, about what is
wrong with this country and why people are protesting around the world.

Take five minutes and listen to what he has to say and the next time you are trying to have a conversation with some blinkered idiot with parroted ludicrous lines of MSM propaganda replay this in your head and then speak.
Glenn Greenwald

5 comments:

GM Jenkins said...

GM Jenkins said...

Greenwald is a truly impressive interview. I like that even though he is pretty far left, his arguments here (and apparently in his book) invoke simple premises that lie beyond politics for the most part. For example, "is justice blind?" "Has it, objectively speaking, become less so in recent years?" etc.

Then, even though his politics probably make him less tolerant of income inequality than most, he simplifies the message here and leaves aside that rather contentious debate, making a point similar to one that Matt Taibbi has also recently made: let's concede that even extreme income inequality is legitimate: at any rate, Americans love winners and are not excessively resentful of the successful. But Wall Street is overrun not by winners but by the lowest kinds of nihilistic cheaters and sociopathic thieves, who use their ill-gotten gains to infiltrate government and increase their power in the sleaziest ways. They are rewarded with obscene riches for their role in destroying lives and living standards around the world.

mrttt63 said...

Have downloaded the interview but not listened yet. With regards to another comment about Fulford, yes with comments like that about lizards its hard to take someone seriously!!

The elusive Truth!!!

To another one....

Your blog has done some good work on the physical silver aspect of different instruments. Wondering how that is doing, any further insights??

Have also come across an interesting chart by Nick Laird and used in this article...

http://marketcuriosity.wordpress.com/tag/nick-laird/

I guess there are two directions to take. To the left the question is - Is all that physical real?? To the right is - If it is all real where did it come from???

Would appreciate some comments

Warren James said...

I also listened to the full interview, wow that is crystal clear reception from Mr. Greenwald. Congratulations to him giving voice to our collective frustration.

A precise definition of 'elite' should possibly be established for it is used these days in many contexts. Glenn seems to use it in the context of describing 'an over-privileged minority', which I think is correct. But the term gets confused when describing wealth ownership (which I think should be kept distinct). i.e. not all rich people have gotten theirs through ill-gotten-gains.

Hey mrttt63, the physical silver quest continues. I am drowning in data - there is so much of it, but we have some analysis emerging soon. Something to consider is that last week a bunch of bars showed up in the Perth Mint Allocated Silver Pool, which had previously been in the SLV vaults over in London (it is known that Perth Mint does sometimes take deliveries from London). There are a few conclusions you can draw from that, depending on your reference point/perspective. Personally, I am now convinced the ideas of 'silver shortage', 'empty etfs' and 'moly & tungsten' are all ... bullshit. And I'm adjusting my silver holdings proportionately. I think the ETF charts in your linked article, are accurate (but not the author's extrapolations).

Warren James said...

Just to clarify: I'm not bitter :) This is purely me finally having done my 'due diligence' and adjusting accordingly.

To your second question: 'where has it all come from' - I figure this is what inventory looks like when industrial demand falls due to price rises but where the demand is taken over by investors with an eye for silver. The interesting thing on those charts in your link, is the tiny amounts of gold - the stuff really is difficult to get a hold of. Make sure you're not on the wrong side of the trade when the holders of all that silver, decide to sell it back to the market.

Having said all this, I do agree with the writer of your article that the price of silver is somehow enmeshed deeply inside the derivatives/politics/dollar framework (for some unknown reason). We see patterns of this in the charts from GM (value of a bond), but we're nowhere near to unravelling those mysteries - they go way deep.