I listen to, or read articles from, a lot of economic gurus, precious metal gurus, etc. Most of them are well-known because they are well-known. We listen to them and believe them because they speak as “authorities”. As “authorities,” they talk to other authorities and are aware of things you and I don’t have time to discover on our own.
But much of their “authority” is based on their style and celebrity rather than their actual knowledge.
Here’s an interview by Greg Hunter of a man named Craig Hemke. I’d never before heard of Craig Hemke. He has no celebrity. He’s not a well-known guru. He has no authority. He lives in Kansas (there are no gurus in Kansas). I’m pretty sure he writes under the pseudonym of “Turd Ferguson”. He didn’t even put on a sports coat when he was interviewed. How could anyone who goes by the name of “Turd” have much to say of any importance?
Well, despite his lack of celebrity and sports coats, what Mr. Hemke has is intellectual brilliance, great factual knowledge and an almost incredible capacity to communicate without vanity or arrogance. He strikes me as the “smartest guy in the room”. He’s worth listening to because he really knows what he’s talking about. He’s not just parroting whatever he’s heard from others. He gets it. He really understands what he’s talking about.
He doesn’t just tell us–he explains that:
- We no longer have markets; we have the “illusion of markets”.
- Central banks are desperate to maintain the “illusion of normalcy” and do so by programming computers to not simply make money on the markets, but to also sustain the “illusion of normalcy”.
- Trading on COMEX is a losers’ game that’s actually rigged to rob customers..
- Iran and Saudi Arabia are threatening to go to war against each other. Both would profit from such a war since it would shut down Middle East oil supplies and thereby raise the price of crude oil. How can you stop a war where both sides will profit?
I hadn’t previously heard even one of those arguments. Every one of those arguments strike me as valid and insightful. I think I can learn from this man. I have no higher form of praise.
Craig Hemke runs a website called TFMetalsReport.com. I’ll be going there for the first time just as soon as I post this article. I don’t know what I’ll think about him tomorrow, next week or next month. But for now, he strikes me as the smartest guy in the room.