by argentus maximus, TF Metals Report:
I listened to Craig in his pretty unique podcast of this Independence Day weekend, ( TFMR Podcast – Friday, June 30 ) and I totally appreciate his honesty and candour, and value that. Not many business owners have the chutzpah to openly discuss their difficulties with clients. It indicates humanity, honesty, ability to talk about difficulties and what is being done about them, during the process. And trust in their clients, which can only be built up incrementally over time. Weaker individuals wait until afterwards before saying anything that might show less than an invincible public image, if they ever dare say it.
I think that Turd isn’t doing anything “wrong” when a decline of subscribers becomes visible, though I am sure a lot of soul searching goes into it, because business is important.Seafarers have to sail through storms to get to the other side, that’s all. Unfortunately this is simply the bear grinding out the bullish element to incentivise the move of assets away from weaker individuals and over into the “right hands”. After the property is owned by “the right pockets” it will rise in price. It has always been so since capital could be used in a weaponized way, which was of course the end of capitalism there and then … a longer time ago, I believe, than many people think.