Our friend Alan Newman, who promises to retire and never will, sent me a special report at the end of last week.
And if Charlie was that guy, unfortunately, that was the case. So you’re packing in a lot in a short period of time, but you can also expect maybe a faster flameout.
Kevin: But what about this? Is free money a little bit like heroin and jazz and risk taking? And where does it lead? Does it lead to an early death of the system?ĭavid: Yes, it is a lot like debt, because debt, as we’ve often said, just brings tomorrow’s consumption into today. I’ll be forever in your debt because it is still an amazing contribution we listen to almost on a weekly basis. A lot of guys died of heroin just because it made them play better.ĭavid: Well, I owe everything I know about jazz to you and the introduction to Keith Jarrett many years ago. Dizzy Gillespie basically lived because he didn’t. You’ve been bringing up Tesla, and in a strange way, it’s a little like Charlie Parker’s band. We’re getting free money everywhere, and people have free time, they have free money, they’re speculating on things. But there is this allure, and this is where I’m going with the money. And Dizzy Gillespie refused to use the same drugs, take the same risks, and he lived much, much longer. But the problem was, Charlie Parker had to use drugs to play the way he did, and he knew it. The analogy I’d like to use here, Dave, is that Charlie Parker was amazing. The guy that made him really famous, actually, was Charlie Parker, who had died in the in the mid 1950s. He answered my question right there on the radio.īut see, Dizzy was still alive. I didn’t know what to ask him so I asked him what mouthpiece he used. He’s the famous trumpet player who played the horn with the bent bell. In the 1980s I got a chance to get on the phone and talk to Dizzy Gillespie on the radio. Somehow, some way, a lot of things remind me of jazz. Kevin: David, I’m looking at these markets, and I think a little bit of jazz. “What does it mean to walk through the transition periods in the years, maybe it’s weeks or months, but I think years ahead, as we let some of these fundamental economic maladies play out? The reasons why we wanted gold a year ago, closer to $1200 an ounce, and we still want it today and don’t consider it overpriced, is because these are monumental problems which they are just beginning to address.”
Inflation mixed with repression – Who loses?įree Money Plus Free Time Will End In Free Fall.Complete reliance on complete control of the Fed.When does Fear Of Missing Out change to Fear Of Staying In?.