The end of the Great Keynesian Experiment is upon us. Turd Ferguson and his band of loyal Turdites patrol this Watchtower. We are here to help each other navigate the coming economic chaos. However, no one can predict every eventuality, so please read the disclaimer and community guidelines before proceeding.

TFMR Podcast - Tuesday, April 15

Jeezo pete, what a day! Ignore all of the SPIN about WSJ articles and Chinese money supply, Turd knows why the metals were smashed today. For the same reason they always are...

Flabbergasted

Not that I'm a wily veteran or "a man out of Europe with over 50 years of experience" but I do think I've been around long enough to have seen almost everything. And then a morning like today dawns.

Power & Moral relativity

Keynesian theory is a constructionist worldview applied to money. Austrian economics takes much more of an essentialist view. We gold bugs are essentialists when it comes to money, stubbornly clinging to the surety and scarcity of our barbarous relics. Keynes, Krugman & Bernanke teach that money is created—created by human will through their wise and benevolent leadership. But are they consciously duping us?

TFMR Podcast - Monday, April 14

The week is off to a hot start with gold finally closing above the pivotal $1320 level again. So what happens next and what's in store for the rest of the week? C'mon in. Let's talk about it.

Plunging GOFO Rates

As expected, London gold forward rates are plunging again during the New York Comex delivery month. In the recent past, this signal of tight physical supplies has correlated with higher prices. So, are we on the verge of another rally?

Locked and Loaded

 

Well, it seems the world is on edge, waiting to see what will happen next in Ukraine. Let's look at some of our favorite indicators and see if we can read the read the tea leaves, flip the tarot cards and gaze into the crystal ball.

When will the Money Creation End?

Some ideas of how the end of QE may look, from Argentus Maximus.

Non-Relational News Roundup

“Now if anybody thinks we are getting average daily news items this week, I will not try to differ with them, as this is an admittedly subjective side to what I do, but just allow the rest of this week bring us whatever it will.”

It seems his observations hold just as true now, if not more so. To be honest, I am having trouble keeping all of the global, regional and nation-level geopolitical developments all in frame as a single interconnected whole – there are simply too many simultaneous events. It certainly feels like the time remaining on the clock is rapidly running out for at least one of the players, and the little buttons on top are getting whacked at an ever more furious pace.

TFMR Podcast - Saturday, April 12

It's hot where Turd lives and the headlines out of Eastern Europe are getting explosive. Historic changes are happening, thus this rare Saturday podcast.

Working For The Weekend

Time to wrap up the fastest longest week that I can recall. (God bless both of these guys.)

 

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