Second, but my first ever comment.

Russia May Lend $3.4 Billion to Cyprus as Fiscal Woes Mount

Russia may lend as much as 2.5 billion euros ($3.4 billion) to Cyprus by the end of the year as the eastern Mediterranean island seeks cheaper funding amid surging borrowing costs.

“We’ll probably reach a final agreement only by the end of the year, no sooner,” Russian Deputy Finance Minister Sergei Storchak told reporters late yesterday in Washington.

The amount will depend on the country’s needs, he said..

http://www.bloomberg.com/news/2011-09-23/russia-may-lend-3-4-billion-to-...

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DPH: To myself, the story above is somewhat irrelevant. The real story is the fact that Russia defaulted on it's debts about two decades ago (longer?) and is now in a position of strength and ctually loaning money out and dictating terms.

I realize that the Russian Ruble was never, and will never be, the reserve currency that the USD still is. But what it goes to show imho, is that a default by the US will not be the end of the world. Just look at what Russia has been able to do since it shed it's liabilities and consolidated it's position financially. I'm not advocating for a U.S. default but I do think the U.S. Pols. and the Fed. believe they can reorganize and restructure by moving the balance sheet around so that the revenue and liabilities don't look as bad to the rest of the world as it really is.

The one thing I've noticed since 2007/2008 is that no one on Wall St. or D.C. has a problem with changing the financial accounting standards to suit their needs. When I continually hear our Pols. and Fed. state that it is not possible for the U.S. to default due to the Reserve Status and the printing press etc. it tells me that they will try the largest accounting "restructuring" in the history of the world at some point while never, ever showing anyone the Fed.'s real balance sheet.

After witnessing what just happened over the past fews days, and now just fully realizing the power and scope of the Fed. and their willingness to do "whatever it takes" to survive and manipulate the entire planet, I'm left with one thought for the most part.

They created the system, they have perfected the system and they will use their system anyway they seem fit whenever it needs to be used for their purposes and no one else's. Period

The Fed. is the system.

They own the system and they realize no one can do anything about it short of a major military confrontation that I don't think any major nation wants. Raising the USD as the worlds currency flag after WWII and demonstrating to the world that we will do whatever is necessary to win (Atomic bombs) left a indelible mark on the psyche of the world that we can pull anything off and that we are unpredictable by nature and basically cut throat in all matters militarily and financially. They would be correct.

Are we not witnessing the same thing today sans the nuclear weapons, so far? The power of the Fed/USD and the ingrained thought of what we will do to certain countries/regions is something those of us here in North America can't even imagine. The rest of the world realizes it. I'm not just talking military actions. The financial warfare going in many places (Libya also) can't be denied.

The Fed. realizes their powers and is feeling strong to this day. Is there any doubt remaining?

(I realize many of you can't stand the U.S. and it's tactical advantages and I'm not chest thumping. I'm stating what I believe to be the truth about what the Fed. and U.S. are capable of and have done in the past in order for the future to be mostly unchallenged in many ways. It seems to have worked and it shows no sign of weakening appreciably in the near future)

for anyone out there for some reason I can only receive about 1 min of the podcast am I doing something wrong?

lakemike

You guys have stamina for the incessant postings and for keeping this site going! I applaud you!

I am primarily a stacker, looking at a  long term time line - over 20 years.

So, I sympathize with you guys for what you are going through with the blatant manipulation.  Do you really think that the margin hikes weren't pre-planned and leaked- before the G-20 and IMF meetings?

Of course they were, to their partners in crime.

I take solace in the face that  premiums have gone up even more. This is the number one indicator of the disconnect between paper and physical(imo).

As a stacker, my value in fiat when I do a mathematical conversion is down. HOWEVER, MY NUMBER OF OZS HAVE STAYED THE SAME.

And this is how I have chosen and will continue to choose to measure my preparation.

Do you think the Indian and Chinese care what the margins are? No.

They are more than 50% of global demand. They are loving this takedown.

And so should anyone here interested in preparation and financial protection for what is inevitable.

Dollar cost average and keep stacking. That's my motto.

Rain

It's like turning on the Weather Channel and seeing a HUGE hurricane coming.   

This hurricane.......let's call it  Hurricane Keynes,  is so BIG it's going to cover the entire nation.   No home will be spared.

And all of a sudden......BAM!   Your home owners insurance rates just went down 25%

AWESOME!       Let's see how long that lasts.   Keep stacking.

Great podcast Turd. Thanks.

Before Turd and ZeroHedge, for me there was Harold Seigel. I have since graduated to TFMR and ZeroHedge, but every once in a while when I need an extra head shake I go back to Harold and listen for the 40 minutes.

Harold Seigel is the reason I first got into PM’s. Harold has a weekly 40 minute radio show on several Canadian AM stations. This show has been running for about 10 years. He does preach his own book which is World Wide Precious Metals and Coloured Diamonds, but the discussion is current and factual.

The show is PM’s for newbs. The emphasis is on physical non-leveraged investing. Each show discusses the previous weeks events. Lots of facts, theories and speculation. I thought this weeks discussion of the recent plunge was good.

Perhaps Harold could do a Turd podcast.

If some Turdites would like to listen to a broadcast here is the link. I hope you enjoy.

http://www.hesradio.com/index.html             Click on "Recent Shows".

Regards,         Chicken

Zero Hedge are talking about a "managed default" from Greece, seems this is inevitable no matter how many times it is refuted.  If this is the case then the unlimited dollar liquidity and the market smash down in PMs could foretell next weeks recapitalisation and systemic bailout?

Perhaps its just wishfull thinking that JPM are closing down their shorts in a co-ordinated move with the FED and the G20 before all hell breaks loose.... we live in interesting times for sure.

Murphy's laws come into play in this environment, the most applicable being;

If you perceive that there are four possible ways in which something can go wrong, and circumvent these, then a fifth way, unprepared for, will promptly develop

http://www.murphys-laws.com/murphy/murphy-laws.html

Don't know how many of you are following BrotherJohnF, but his latest call was right on the money. His 'short AGQ' position convinced me to do the same, and helped my portfolio from totally disentegrating. Only problem was, my position was way too small and I sold too soon, because I just don't like being short, it makes me nervous. (Except for my JPM shorts!)

So i just watched his latest video and in the comments section someone asked if he was still projecting $100 silver by January and he said yes! Also said he was long AGQ now.

http://www.youtube.com/user/BrotherJohnF

What does "default" even mean anymore?  Greece has been in a state of default for years, so has the U.S. and most Western "nations".  Every time the U.S. has raised the debt ceiling they have fundamentally defaulted, no?  There is no such thing as real sovereign default when trillions of units of "liquidity" can be just punched-up on keyboards and legislated into "fiscal policy" by what seems to be now a global monetary authority of some description managed by vampires.  Politics and "printing presses" are the only things holding this global financial f***fest together anymore. 

I don't want to play this dumb game anymore.

@ReachWest:  That little clip is representative of just how full retard the world has become.  What is gold backed by!?  OMFG!

THANKS for a great interview Turd!

I don't believe it.  I don't know if I should laugh or cry.

Heading back to the van, see ya guys later. LOL

Bullish...... Bearish..... who the hell knows? 

• Scenario I: “Hyperinflation in America”
• Scenario II: “Exit America”
• Scenario III: “When The Euro Breaks”
• Scenario IV: “An Israeli-Iranian War?” (Live web seminar for SPG Members only: August 16)
• Scenario V: “Then They Came For My IRA” (September 23)
• Scenario VI: “Revolution In China” (November 4)
• Scenario VII: “The End of Globalization” December 9, 2011
• http://www.liraspg.com/preview/

I think that maybe Russia is trying to buy loyalty.Cyprus position to middle east especially Syria is of strategic importance.Russia has a naval base in Syria.Munitions that where on the way from Iran to Syria,where intercepted in 2009 and stored in Cyprus.Crazily in 100 F heat,until they blew up this year.Taking out a power station.With Cyprus exposure to Greece.Russia is exploiting it future desperation.So there is more going on then meets the eye.People and countries will be asked soon to take sides.

http://www.telegraph.co.uk/news/worldnews/europe/cyprus/8629594/Cyprus-e...

http://www.news.cyprus-property-buyers.com/2011/05/31/fitch-cuts-cyprus-...

As for can't stand the US.I don't think that is true.There are lots of things wrong with all are western Democracy.But we can improve them.Though sometimes it feels we have no power at all over anything.But this site wouldn't exist inside China and many other countries around the world.So we are better off than most.The US is a great country,it just seems to have lost it's way.All great powers in the world have done this.When the people lose control of there governments,there government lose control.

DPH thanks for all the post you do.I don't know where you find half this stuff.But your pooling power is fantastic.