Hey Folks, I want to share some (off the top of my head thoughts) stuff with you and it relates to the electrical and energy/environmental transition, and whether we can do it in the changing of our economy from internal combustion engines to all things electrical in our economy as a Nation..

Do we have the stuff to mine and bring to bear on our nation wide build out without much help from the world. I'll try and be brief and everything is being thought out in real time as I have not sat and gave this a more focused effort.

So, what do we need? Copper for sure, oil is a must, heavy equipment so we need steel. We will need rare earth metals and cobalt, gypsum, platinum, palladium, the technology and we will need lots of calories in the form of food.

This project will require about 10 years I think to make a serious dent into our infrastructure. It will be a public/private enterprise with user fee's to pay for the on going maintenance. The Government (us) will not need spend what you think, let the private sector grab the bull by the horn and use the government for issues like eminent domain. It will be required, no doubts about this.

Where on earth will we get all the metals needed for such a BIG project?

Lets start with the State of Minnesota. They have so much of everything we will need to build out the infrastructure from long burned out volcano's. The first company in line to benefit will be Polymet mining. Their going through the permitting process and once underway they will have one of the largest world wide copper, gold, cobalt mines in the world. There are others too in cue just waiting to see what Polymet does with getting their permits. There are many world class mining operations lined up in Minnesota to supply the world and that must be good for our economy and our debt picture. The investment vehicles would of course be a long term play in PLM (Polymet) or back dooring it by purchasing Glencore. All total, Minnesota has the goods not just for us but to help in world wide supplies (exports). This is terrific news.

They, Minnesota, also have large deposits of iron ore still and frankly the deposit built America at the turn of the last century. Mining is up to the task for this most important build that we will have no issues doing this project. It will employ many great paying jobs.

Their located on the " Iron Range" and I had visited this area for a week in 2009 while doing my due diligence thinking ahead for what I knew was going to be faced. It's a MONSTER PROJECT, very impressive and I got up close and friendly. What has shocked me is the pace, the environmental issues and 10 years later they are now getting underway. I have made no investments since I visited the site as I found out on the trip and being there that the environmental review would delay the project for years and it has. Now, I'm back researching and staying on top of things. I will take a nice position once Biden pulls together an infrastructure build and I cannot wait for this.

It's important to understand that everyone will benefit from this project. That the spin off economy will set the stage for a robust economy for many years (decades) and will have a bi partisan effect on all politicians, States and individuals. It's the kind of thing that can positively effect the whole nation. These jobs provide taxes and user fee's that can bring us out of our debt crisis are my thoughts, at the very least it will help. Not well thought out yet as this is just a muse.

Additionally, we have been exposed by the Pandemic and must create a world class manufacturing industry for the production of drugs, pharmaceuticals and computer chips, with many other projects that must be done on the quick. We have no time to mess around here so make it state of the arts, robotic driven so that we can compete without using too much labor as it's the highest cost to any business.  We must get these things done as a mandate, get it done now.

Of note and as time moves forward, oil will be much higher and will make much China sends around the world very expensive so the cost will be much higher to export. So, if we build it closer to home then we can compete and we'll use lots of the stuff ourselves. Oil is the economy so we must be smart about how we use it.

We have begun the expansion of rare earth metal mining on some mountain in California I think, and is impressive itself. It's a huge national security issue and we must open up every mining site we can. I believe Las Vegas has a world class deposit so we now are not as dependent on China and that's great news.

Oil is here we just have to drill it up. It may become very expensive too but we have to pay it because nothing has the BTU's to replace oil. The hope is we can lesson the burden on expensive oil drilling over time by replacing gas cars with electrical. We'll use everything. Solar, wind and most importantly we must have a commercial sized battery storage system that can handle the load, store what we make when the Sun don't shine or when the wind doesn't blow. We have enough oil and natural gas to bridge us from the old economy to the new and forget about replacing oil, that won't happen, if we can lesson the burden on oil, keep the price in range so it doesn't kill the economy then that would be ideal. That would work to all our advantages

In transportation it will take 2 decades at least to replace the internal combustion engine so oil is here to stay. We will build fast trains and route better transportation in the city's to accommodate those who don't want or need a car. We all get the picture.

The benefits are great. Low carbon output is a must must. We must have fast trains for long distance travel that run on a predictable schedule. We need lots of stuff frankly but we do have the stuff to complete all the projects necessary for your neck of the woods.

I view our future as NOT helpless. we just have to have leaders with clear incite and determination to get the job done without lining their pockets out of greed. So, I guess we need to get rid of about 90% of politicians on both sides of the house. I'd keep Romney though, he wasn't much liked by me over the years but, I like his character, his integrity so perhaps I'm being naïve, after all he is a politician!

Not everything is dire and end of times thinking. We do still have destiny on our side. We must transition so lets get on with it. Most every job at this point requires human efforts so can't really be touched by robots. This means a future for humans that will give us all the time to get ready for our future. Depend on AI because artificial intelligence thinks outside the box, can create quicker and faster routes to the same ends. A thinking brain of unbelievable speed and accuracy, can you imagine with the speed AI will have and unlimited information and data!!! I shutter at the possibilities AI will have in the future. It can only be a major benefit to the World going forward.

I wish everyone well and you don't have to worry yourself sick wondering how we will get everything done. We can leave the foundation to a great future for our kids that they can use for their lives and that will be our legacy and an impressive one at that. Don't ever give up and please desensitize yourself from words like DANGER or an IMPOSSIBLE TASK, we are DOOMED or things like that. They're over kill as no one really knows the future. We always have hard decisions to make so this format is great for discussion and grass root movements. You have to move at some point, talk is just talk.

Adam has brought forth some very hard reports to give and he must. We can't shoot the messenger but we should always respect the individual who is trying very hard to awaken us to so many obvious things that we will confront. It's why I enjoy his work he provides on the weekend. It is often the stuff that hurts the most, the emotional issues that we all must face so I regard him very highly for his work, every bit as important as what Chris has to say. It's a great partnership and without them both, this year would have been even more maddening. Peace BOB

PS: Adam, it is more my issue, my training that makes me say what I'm about to say so forgive me but, will you please adjust the star behind your back on the fireplace so that the edge of the star line up with one another. It's about a half inch off from level across the bottom. It bugs the hell out of me and you would be kind to make that adjustment. Thank you BOB

Well Folks, a 30 to 60% drop in all things economy is massively Deflationary and then to think we will have a massive turn around to Inflation or Hyperinflation is not going to happen overnight. So much destruction in place that to get any Inflation will take a lot longer than a couple of months or years even. It's not easy to turn an economy the size of the US around on a dime nor the rest of the World because they all will have to face the music too. It will take so much longer than that.

No matter who is trotted out here. I think for balance sake we should get some people on that has a different story. Perhaps some experts on Modern Monetary Theory. Something is wrong when we have already spent and will spend 10 or more trillions trying to get some inflation and none has really arrived. Yes, the Inflation now is higher than is reported but the confidence in the market says no one is all that concerned and the market is a forward looking specialist. The true experts honestly. The only one that really matters.

I guess for me I will need something, anything that kicks off all this Inflation the one sided experts have talked about here for some time, like a decade plus now. Mike Maloney, of who I have done extensive research and respect him on all this stuff which is now my craft has NOT been right. His arguments are compelling but had I followed his advice I would have lost so much cash as the market went from 666 to 3800 and probably 4500 or more near term. I can now buy way more Gold than at any point in my life and still was able to get out of debt, build a home and provide all that I needed for my family to be self sufficient. It's FU money and I would not have been so fortunate had I listened to one of them experts.

The highs in Gold I believe happened in 2009 and haven't made a dime more since then. We pride ourselves here on the truth in numbers and data and since 2009 the economy made Gold stand still while it went and made all of us who played a lifetime worth of wealth. That's the truth and the data proves this up.

So, I'll stick with the data that matters and with those in control because they have risen all boats and we're still contemplating Deflation and Hyperinflation. This is just the truth and talk, talking, and talking about how great Gold is doesn't make it a smart investment today.

Now, in saying this I own a nice stake in Gold and Silver because of my earnings and as a hedge because I had the cash to do so, it's just smart. Now, I have all concerns hedged and that is a terrific feeling and the Mike Maloney's of this world should have spoken of this too as they talked of a balanced portfolio. It would have shown his character and integrity better. That perhaps he's going to be wrong for 10 years or so because he just can't honestly say what's going to happen, sure some day but when? Just like all the other experts. I go with the Fed because if you bet against the Fed you do so at your own peril. I didn't and I am humbly glad I didn't.

Now, we are heading into as close a no brainer as there is and that's the fact oil has gone through the roof and will continue it's glorious ride upward. I am only focused on this commodity at this moment, Natural Gas as well. If you do not believe Demand for oil is heading higher then I can't tell you anything. With every 1 million plus vaccines shots given each day is actually OIL DEMAND, and easy pickens. The capex NOT spent for a long, long time will most certainly effect the Supply no matter what Demand does and so share prices are going to explode as the Supply issue will cause oil to rise per barrel and with every dollar it rises the company's are going to make a lot of free cash flow witch will go to the investors because the oil company's are determined not to grow oil production as the investor are warning them if you want my investment cash then SHOW ME THE MONAYYY! Buy OIL Folks, leave Gold at $1800 an oz because it won't love you like oils and N.Gas is going to love you. Better be quick too because if Art Berman is right the production numbers will make his argument valid sometime in April. If Art is right about the production numbers coming in at 5 million barrels a day then I will, we could, double by the time June's driving season begins then watch the pent up Demand really take oil higher and the company's profits with them.

Don't forget the falling dollar, that will happen and is a huge tailwind for OIL as well!

I wish you all well Folks and just know, this year will be one for the ages for the OIL and Natural Gas market and I doubt seriously we crash 60%, not this year but, I will be watching and my trailing stops will get me out of trouble if the market does in fact go terribly bad.

I'm not too greedy of a person either and have a lot of life to live so will not stay in because of pride or biases. A bird in the hand is better than 2 in the bush and I am happy whenever I bank profits.

I admit I could be completely wrong about how this all turns out so understand this is my opinion and I don't care how you good Folks think about my thoughts, in a respectful way of course. I am however going to do exactly what I said until I don't. Do not feel bad for me if I'm wrong or terribly happy for me if I'm right. All that matters is on Me. I have no doubts I am correct and I will know when I know. Be Good, Be Healthy and I wish you Folks all good things in life, I truly do. Peace BOB