Honesty and Integrity

I linked this presentation in the previous post but I decided that it was worthy of standing alone.

I don't personally know Brent from Santiago Capital. We've exchanged emails from time to time and he always alerts me when he releases a new presentation. This latest one is terrific.

There's nothing earth-shattering here. Just a guy who, like myself, sees how messed up the world is and is trying to do something about it. Well, that sort of honesty and integrity needs to be rewarded...and so it is. If you wish to forward a link to friends/family, you can use this: http://play.goldmail.com/ehlflm5vu00p Otherwise, just start the player. It's about 8 minutes in length.

TF

 

90 Comments

SRSrocco's picture

FIRST....GET A LOAD OF THIS...

New gold discoveries declining at accelerating rate – IntierraRMG

A new study from research and data provider IntierraRMG has pointed to a disturbing trend in terms of a decline in new global discoveries and in particular in gold grades. According to a study which covers announced gold deposit finds over the past 10 years, this decline has been accelerating over the past four years and if the trend continues, which seems likely as the easier-to-find deposits have perhaps mostly already been discovered, then the future of global mined gold supplies will gradually become affected. Indeed global production of mined gold has been plateauing and although running at or around its historic high levels, as the amount of new gold being found diminishes, then global production levels may not be sustainable beyond the next few years unless there is a dramatic turnaround in discoveries.

http://www.mineweb.com/mineweb/media_stream/mineweb/1/183319/images/IRMG%20Graph.jpg

Stardust's picture

Good Stuff

Last nights reading was incredible here at TFMR.

Thank you Turd, Mods and all. Great stuff.

Yes, I'll take the top five.

Stardust

Strongsidejedi's picture

3rd?

bronze medal!

Happy to finally place in the top 3.
Last night's thread was spectacular.
We've had tremendous threads for the past few days.

silver66's picture

4th

I should really pay attention to work and not be on TFMR

Silver66

Road_Scholar's picture

What are two words

that bankers don't know? I'll take colors that end in 'urple for $200.

marakai's picture

Top ten again

I'm on a roll

Nana's picture

Fast and Furious

Pegging it to the recent theft of Cyprus. Spain, Italy and Japan on the horizon......

Daedalus Mugged's picture

Last thread

Was really a wonderful online experience. Turd, you have built a wonderful community of people and ideas. Thank you. I hope this is even almost as good.

Mudsharkbytes's picture

Maybe 9th

Maybe not…

VAT Man is Robbing's picture

Coughlan webinar

Just finished watching the latest webinar.

After 50+ minutes of largely irrelevant meandering, he answered the really big question:

....no, apparently he is not Richard Madeley's twin brother.

Nana's picture

US Senate Unanimously Votes To End Unfair Subsidies For ‘Too Big

http://refreshingnews99.blogspot.in/2013/03/us-senate-unanimously-votes-to-end.html

US Senate Unanimously Votes To End Unfair Subsidies For ‘Too Big To Fail’ Banks

“Too big to fail.”
This phrase will always be associated with the 2008 economic collapse that sent America into the deepest recession since 1929. In order to stop the financial bleeding, the U.S. government voted to rescue the big banks rather than allow them to fail and take our economy with them. Ever since, big banks have only gotten bigger on the premise that if they fail again, the government will bail them out. Billions of dollars in taxpayer subsidies have been dealt to those very banks in the years since.
But on Friday, the U.S. Senate did something that it rarely does these days. An amendment was offered as an attachment to the Senate budget bill and it not only gained the support of both Republicans and Democrats, it received unanimous support. By a vote of 99-0, the U.S. Senate voted to strip “too big to fail” banks of the taxpayer subsidies they’ve been getting for far too long.

According to The Hill, the amendment was introduced by Louisiana Republican David Vitter and Ohio Democrat Sherrod Brown. The bipartisan proposal “ends Too Big To Fail subsidies or funding advantages for Wall Street mega-banks with more than $500 billion in assets.”
Senator Vitter said:
“There are at least three independent studies recently that underscore that ‘Too Big To Fail’ is still alive and well,” and that, “’Too Big To Fail’ policies are creating an unfair playing field for smaller banks.”

Read rest of article via link.

dropout's picture

It's the Whole Debt. Nothing But the Debt and...

so help you - IT WILL BE PAID.

The first rule of economics; ALL DEBT WILL BE PAID.

This has been true since the dawn of time. Kings and noblemen sometimes just slaughtered their creditors to take care of the debt they owed to them. DEBT PAID IN FULL - IN BLOOD.
Except the kings or noblemen forgot to mention whose blood would be spilled!

IT WILL BE PAID;

Either by the lender or by the borrower, but IT WILL BE PAID.

Either with pennies worth dollars, or with dollars worth pennies. ALL DEBT WILL BE PAID.

When debt is paid someone suffers a loss. The lender loses a real asset claim and the borrower loses real capital. Sometimes, as in ages past, his life. IT WILL PAID. One way or the other.

This is an excellent video. Thank you Turd for posting it. Indeed, the Pied Piper will be calling.

Edward G's picture

Can't see charts on front page

Don't know if anyone's already posted this (probably) ... Now I'm off to read the last thread, sounds so good...... Been so busy on the Hedge!

Btw, watched the whole troika press conference, couldn't believe how dull the questions were!

The obvious q's I had were finally asked by good ole' Reggie

http://www.zerohedge.com/contributed/2013-03-25/mainstream-media-says-cyprus-salvaged-eu-deal-i-say-cyprus-sacrificed-said-de

reefman's picture

Just checking in to say hello.

Just checking in to say hello. I have been a long supporter of Turd back before his blog, and when he was a regular poster on ZeroHedge.

I haven't been around much lately but just thought I'd write to say that I am looking forward to the collapse of this pyramid scheme. I've joined a barter group and will be trading some of my produce with others.

I left USA back in 2009. Good decision.

Good luck to you all and may our Lord Jesus Christ reign in our hearts.

Nana's picture

reefman

Titus 2:13

silver66's picture

@ whole debt to be paid

Have you considered that the debt may be paid by society instead of the specific borrower/lender.

That makes for different exit options

Silver66

Modern Alchemy's picture

so well said

Brent- Nicely done! I get a lot of blank looks when I bring such topics up at social events. I feel that bringing them up in a noncombative way, even if the people don't agree with me, is a way of planting seeds. I know someday they are going to see a tree in front of them and remember the day I planted it.
Hopefully they will have also have a better chance when this debt currency paradigm ends.
I love the community here and even though I don't post often, this site gives me encouragement daily.

achmachat's picture

Duane's new (pretty good) video...

...has Pining's now famous gold vault picture in it!

RuNuts's picture

An excellent educational presentation

It's a shame it's not in a more easily shared format for passing to our friends and families.
Convert that puppy into a youtube video?

Heart's Yours's picture

TF post above not working?

In TF's post above, I just see a big white box where the video should be (below his text). When I click on the link within its text, it opens a new window that says "visit Pointacross"......which doesn't seem to go to the desired video. Sorry to bother, but I figured maybe others were having the same issue.

Bollocks's picture

On Channel 4 News (UK) just now...

From tomorrow, people trying to leave Cyprus will be searched and if they are found to be carrying thousands of Euros they will not be allowed to leave the country with them.

This effectively means that a euro in Cyprus isn't worth the same as a euro elsewhere.

But hey, look on the bright side, didn't the Euro win a Nobel prize last year?

Turd Ferguson's picture

I don't know...

MODERATOR

It works for me. Maybe refresh the page.

The link works, too. Let the Pointacross thing load and then enter a name and it begins playing.

koan's picture

I vote the following as the

I vote the following as the best description of the metals (made me chuckle anyway):

'I think it is fair to say that the precious metals are correlated to manipulation.'

source: http://jessescrossroadscafe.blogspot.co.uk/2013/03/gold-daily-and-silver-weekly-charts_25.html

koan's picture

Turd, what do you make of

Turd, what do you make of volume of late? Only going off netdania but volume is getting up to levels last seen around last summer's lows? Plus today (look at the silver daily) was more than double anything seen recently which, as said, are well up from previous months?

SIlverbee's picture

LSE quote

Ben Bernanke: Abandonment of gold standard in 1930s created "beggar thy neighbour" policies #financialcrisis
5:47 p.m. Mon, Mar 25

Strongsidejedi's picture

It's a bank holidayyyy

The bank holiday continues for Cypriot banks.
http://money.cnn.com/2013/03/25/news/economy/cyprus-bailout-banks/index.html
LONDON (CNNMoney)
By Mark Thompson @CNNMoney March 25, 2013: 4:06 PM ET
Most banks in Cyprus will open again Tuesday for the first time over a week. But the two biggest lenders at the heart of a €10 billion European Union rescue will stay shut for two more days to give regulators time to prepare for a run on deposits.

hammerman's picture

anyone hear from

jim willie lately?

jolidacrown's picture

I’m troubled

just heard Sinclair say “I never loose” - in a taped advertisement for his mine company - not comfortable hearing this.

Strongsidejedi's picture

Jim Willie

I am not a subscriber to Golden Jackass, but I'm starting to think I'm missing out on some great analysis.

I went back and relistened to TF's interview with Jim Willie from about 9 months ago. Jim Willie and Turd Ferguson talk about the Spanish and Italian debt situation in the EU.

http://www.tfmetalsreport.com/podcast/3910/tfmr-podcast-23-jim-willie-trifecta

The discussion is great to review because Jim Willie makes a whole bunch of predictions about things to come. About 50% of that stuff did occur and the other 50% he was off in the conjecture, but still in the correct ballpark.

The best discussion is where TF and JW are talking about the Euro.

Remarkable discussion...

Bollocks's picture

All Cyprus banks to stay closed until THURSDAY

Breaking News on BBC News 24.

Cyprus banks WON'T re-open tomorrow.

------------

Cyprus bailout: Banks face temporary controls

The president of Cyprus said temporary limits will be placed on bank transactions after a bailout deal that will see larger depositors in the two biggest banks lose money.

Cypriot banks will not reopen until Thursday. Earlier the authorities had said most would be open on Tuesday.

President Nicos Anastasiades said "very temporary restrictions" would be put on capital flows, but gave no details.

Controls to prevent money leaving the country are already in place.

Certain limits on the size of cash withdrawals are expected to continue.

http://www.bbc.co.uk/news/business-21933473

------------

Jeez, there is going to be a hell of a run when they eventually do. Add withdrawals being limited plus a very healthy dose of frustration plus anger and we have an explosive mix.

Stand well back.

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