Posted On: Wednesday - July 2nd 2025 7:41PM MST
In Topics: Music Websites Economics
From ZeroHedge's roots came this quick article last week: Silver Price Shows What Government Has Done To Our Money. That comparison of pre-1965 silver currency (well, 90%) with the current US Dollar in regards to the price of a gallon of gas is one Peak Stupidity has mades a couple of times already.
The spot price of silver has been steadily going up, now more than 2/3 up toward those 2 temporary spikes to just under $50/tr-oz, one 14 years back in Spring of '11 and the other 44 years ago, when the 3 Hunt Brothers attempted to corner the market. Reports are that coin stores are now taking in lots more silver than they are paying out. What to do, what to do?
As this is discussed, the concept of what is REAL money that ZH's seemed to understand has gotten hazier to them, from what I read. Has Tyler Durden just gotten beaten around the head and face one too many times during his 12-step Fight Club meetings? (Maybe someone needed to know the frequency.) No, but this article was written by Doug French of the Mises Institute anyway, and it's not the article but the commenters that have me wondering. Normally, they are just as astute as, or more astute than, the article writers.
I'm getting some noise here:
I’ve seen several videos from silver guys on YouTube and they are reporting the same thing……lots of sellers, hardly no buyers.No, Dave Morgan nailed nothing. Holding real money is not an investment. It's just keeping one's wealth. "Performance"? I don't need precious metals to perform. They should just stay put. Just waiting to sell? For what? Is it time to pick up more of those green pieces of paper or bits on a server. Are they now something valuable all of a sudden?
Dave Morgan nailed it in an interview he did a couple months ago, many are sick and tired of silver’s dismal performance and we’re poised, just waiting for the upper 30s to sell.
I’m holding onto mine but can fully understand anyone who sells.
I agree, but what happens if the local coin dealer goes out of business, where does one sell?No, bad idea indeed. This next guy sounds on the ball though:
I would never consider boxing up my silver and mailing it to an online dealer...no way.
"You should be buying silver, gold, and platinum. Actual physical bars or coins of it. Not stocks or options. If you don't hold it you don't own it."I'm not sure about platinum, just because in SHTF or post-SHTF times it may not be easily recognizable. Anyway, that was a generally good comment, but among all these, if we really understand real money, we ought to phrase things differently.
You're not BUYING anything when you accumulate precious metals. You're giving away some green pieces of paper or bits on a server to get some MONEY. That's a good deal. That sucker on the other is getting that junk in return. Neither are those folks backing up the truck to unload at the coin store SELLING. They are buying a bunch of green pieces of paper and computer bits with their money. That's not a good deal. It's not if you get the point of real money in these times, to hold onto one's wealth.
I like the funny stuff. The discussion got into inflation, as did the article:
Went to Costco yesterday & the Kirkland big brown coffee tin was $20. Pre pandemic $12. During the COVID peak it rose to $17 than down to $14 where it’s been hovering ever since. Does anyone know WTF is going on?
Juan Valdez got a Yuge raise and he needed a new donkey.LOL!
From a Columbian coffee bean picker on a burro, we segue to a part-Mexican, but all Gringo, lady named Linda Rondstadt. She was one of the best of the 1970s musicians during a great decade for music and has belted out some other great songs here on Peak Stupidity. (We also reviewed part of a movie about her.) Speaking of silver here.... they say they don't need it, but if you've got none when the SHTF, you'll hear about it ... I will say, like Linda, that I also would not care for the TVs in every room (this was in the day of heavy expensive cathode ray tubes.)
I believe that's Glenn Frey introducing Linda Ronstadt, who was instrumental in the formation of The Eagles. She brought Don Henley into her band and then Glenn Frey. Then her boyfriend J.D. Souther (you'll see his name in the songwriting credits often) suggested Randy Meisner for bass guitar, and Linda suggested Bernie Leadon. (The latter played guitar her, but he played the banjo many of the band's country rock songs.)
If you get back to the 1970s in a time machine, bring back a ton of a silver for me and a ton of vinyl... record albums that is, black gold... hell, just bring back Linda.
PS: Linda Ronstadt did not usually write the pop songs she sang. This one was written by Dick Reynolds and Jack Rhodes a couple of decades earlier. It was first recorded by one Wanda Jackson, but later those British Springfields (as in Dusty) had a top 20 hit with it in 1962.
OK, now I'm LOLin at myself. The lyrics say "with a tear in every room". For all those years, without no internet and with my Lyricosis flaring up on occasion, I'd thought it was TV. I'm NOT taking it back!
Comments:
Moderator
Thursday - July 3rd 2025 5:39AM MST
PS: Ha, pretty good joke, too, Ganderson. I don't think young people would get it for multiple reasons.
About Linda and Gov. Moonbeam, I looked back at my movie review of what was a documentary, actually. Of course Linda could go out with some big lefty kook - her business - but when that documentary showed how far Linda got into the lefty politics, I got bummed out about her and quit watching.
My brother saw concert of hers when she was in her prime, both musically and bodily. I sure hope she wasn't spouting out political stuff during shows. If they were part of a song, sure, but then she didn't write many of her own songs, at least when she was popular.
An UR commenter named "Felpudinho" wrote a comment about her andJerry Brown:
https://www.unz.com/isteve/isteve-open-thread-8/#comment-7195390
He quotes Pat Brown of the hopefully-defunct Brown Dynasty:
"My son is NOT a homosexual and I have the pictures to prove it.”
About Linda and Gov. Moonbeam, I looked back at my movie review of what was a documentary, actually. Of course Linda could go out with some big lefty kook - her business - but when that documentary showed how far Linda got into the lefty politics, I got bummed out about her and quit watching.
My brother saw concert of hers when she was in her prime, both musically and bodily. I sure hope she wasn't spouting out political stuff during shows. If they were part of a song, sure, but then she didn't write many of her own songs, at least when she was popular.
An UR commenter named "Felpudinho" wrote a comment about her andJerry Brown:
https://www.unz.com/isteve/isteve-open-thread-8/#comment-7195390
He quotes Pat Brown of the hopefully-defunct Brown Dynasty:
"My son is NOT a homosexual and I have the pictures to prove it.”
Moderator
Thursday - July 3rd 2025 5:29AM MST
PS: Since there aren't any other votes, I'll take your version for tomorrow, Mr. Anderson. Hopefully I haven't used that one before. (Some get wiped by youtube anyway. I can't keep up with old videos on the site. Occasionally, if I'm linking to an old post and see the video is gone, I'll replace it.)
Moderator
Thursday - July 3rd 2025 5:27AM MST
PS: I listed to your Vivaldi Mandolins last night, SafeNow. Thanks. I like classical music, but I just don't know enough of it, not enough even to categorize it by time period or style.
That was a different world you were in.
That was a different world you were in.
Ganderson
Thursday - July 3rd 2025 5:16AM MST
PS https://archive.org/details/gd78-07-03.wagner.7356.sbeok.shnf
Today is the anniversary of this show from 1978 at the St. Paul Civic Center.
A great week of shows!
Today is the anniversary of this show from 1978 at the St. Paul Civic Center.
A great week of shows!
Ganderson
Thursday - July 3rd 2025 5:08AM MST
PS I’ve made this point before: my God Linda Ronstadt was cute. And both JD Souther and Governor Jerry Brown got to see her naked, presumably.
A joke from the 70’s :
Q. Why can’t Linda Ronstadt go more than 30 mph?
A. Cuz she’s got a governor on her.
I am eagerly awaiting your choice of “US Blues” tomorrow. My vote is for 3/20/77; at Winterland
A joke from the 70’s :
Q. Why can’t Linda Ronstadt go more than 30 mph?
A. Cuz she’s got a governor on her.
I am eagerly awaiting your choice of “US Blues” tomorrow. My vote is for 3/20/77; at Winterland
SafeNow
Thursday - July 3rd 2025 12:59AM MST
PS
https://youtu.be/uBclxthZ-l0?si=auavcGfaVGFo3v8S
Thank you, Mr. Moderator for Ronstadt with The Eagles; I had never heard this, and I enjoyed it thoroughly. I owe you a time machine trip. The above link takes you back to 1725…Vivaldi…plucked! (This was before “plucked “ meant what an illegal chicken-processor did before the plant was raided by ICE.). The internet
is filled with Vivaldi Mandolin concertos, scored in various ways. I first got into these in college when I was in my dorm room and a guy knocked on my door and said his parents had sent him “a record” of these, would I like to share a listen with him. well, he left his door open and before long we had a lot of company, a lot of guys really enjoyed it.
https://youtu.be/uBclxthZ-l0?si=auavcGfaVGFo3v8S
Thank you, Mr. Moderator for Ronstadt with The Eagles; I had never heard this, and I enjoyed it thoroughly. I owe you a time machine trip. The above link takes you back to 1725…Vivaldi…plucked! (This was before “plucked “ meant what an illegal chicken-processor did before the plant was raided by ICE.). The internet
is filled with Vivaldi Mandolin concertos, scored in various ways. I first got into these in college when I was in my dorm room and a guy knocked on my door and said his parents had sent him “a record” of these, would I like to share a listen with him. well, he left his door open and before long we had a lot of company, a lot of guys really enjoyed it.
If retail is selling, you should be buying.
Why does thinking of Guv Moonbeam make me think of Cat ... uh ... Yusuf Islam? “I’m being followed by an Iraqi, Iraqii, Iraqi.”
Some of my fave Rondstadt was the big-band/American Songbook stuff she did with the Nelson Riddle Orchestra.
Here’s a curveball...
https://youtu.be/hJN7Zy2PzQI
And here is a cute one ...
https://youtu.be/9ZwW1c6I2Kk
🎶