Heaps Of Lies

Since truth hardly matters anymore, we all get numb to the day-to-day barrage of falsities and outright lies that come at us every day. But something clicked today and caused me to simply stop and take it all in.

And even "take it all in" is an exaggeration on my part. I couldn't take it all in if I wanted to. I simply paused this morning as I perused the headlines and let the lies and corruption wash over me for a moment.

Let's start with The Federal Reserve. Not only is this organization named in a way that is intentionally trying to deceive you, their mission of sparking inflation through the endless creation of new fiat cash (upon which their owners can charge interest) is theft on a grand scale. All of your hard work, in the form of your accumulated savings, is being constantly devalued and stolen by these criminal bankers. But no, you're told that The Fed is this omnipotent, altruistic and benevolent organization that works for the American people. Wrong! They work for their owners, first and foremost. And who are their owners? Their member Banks.

And then there's this notion that The Fed must now raise the Fed Funds rate because "the economy is robust and strong". Really? Last I checked, Q1 GDP came in at just +1.1% and the just-revised estimate of Q2 GDP is also just +1.1%. Even today, productivity has declined again while US manufacturing levels have collapsed to economic contraction levels.

Again, you're being lied to. A Fed Funds rate hike by The Fed is NOT designed to benefit you or the general economy. Instead, it's designed to benefit The Fed's member Banks. How and why is hard to know but, like every other Fed decision from TARP to QE, the moves the FOMC and Fed make are ALL designed with The Banks' best interests at heart, not yours. Is this what you are told on CNBS or BBG? Of course not. Instead, just lies and deception in order to pump an agenda.

So what other lies can we find forced upon us simply by scrolling down ZeroHedge?

  • DeutscheBank failing to deliver physical gold to ETF sahreholders in Germany. DB promised they would deliver gold at any time. However, they are no longer delivering gold. Why? They lied.
  • Woody granted "secret exemptions" to the Iranians in his nuclear deal negotiations even though previously he has claimed that this idea was preposterous. And now we know...he lied.
  • Hillary's approval rating plunges to record low. And why is she so utterly unlikable? Well, for a number of reasons, actually, but chief among them is her propensity to lie. We now know she's lied about cattle futures, Whitewater, The Rose Law Firm billing records, Bill's infidelity, her email server, Benghazi. You name it, she's lied about it.
  • Central Bank liquidity is now driving all asset prices. But CNBS and BBG assure us that "the stock market" is the absolute best place for people pf all ages to place their money and it keep heading up because the economic fundamentals are so strong. No, equity markets keep rising because of said "central bank liquidity". Again, more lies.
  • American worker productivity suffers biggest plunge since 1979 and 1993. Again, however, the Bankers and the media tell us that all is well. In fact, Goon Fischer stated earlier this week that the US was near full employment. How does that square with sharply falling productivity and manufacturing? The answer: it doesn't. The fact: Goon Fischer simply lied.
  • Prosecutors in Italy want to discontinue their investigation into the corrupt and insolvent Monte Paschi bank for fear of "undermining investor confidence". So now investor confidence is more important that The Truth and The Rule of Law. Just another reality in a world of lies.
  • Trump is going to build a wall and Mexico is going to pay for it. Well, let's see...This wall idea has been kicked around for 20 years and it still hasn't been built and, unless some crazy off-books measure is applied, there is no freaking way that Mexico is going to pay for it. So, how can Trump keep claiming that they will? It's simple. He's lying.
  • Europe reels as new wave of Syrian refugees flood ashore. And why are Syrian citizens suddenly fleeing their country? Because the US determined that Assad needed to go. The resulting civil war has killed and displaced millions. Why? We're told it's all because Assad is such a bad guy. While that, technically, is true, the media will never report the real reason why Ukraine and Syria have both become such disaster areas. Instead, they tell you that the war must go on and the flood of refugees continues. All of this based upon lies.

And that's just the first page. I haven't even touched other alternative or traditional media sites. And this is NOT an indictment of ZeroHedge. The Tylers do everything they can to expose the lies. This listing is simply meant to show the level of deception and lies across everything today. There is no truth and there is no honesty. Instead, there are lies, deception, obfuscation and misdirection...all of it done for political expediency and greed.

So now we wait for tomorrow's lies. We are supposed to believe that just one day after the end of the month, some government bureaucrats are able to accurately count the number of jobs created in August. Please take a moment to think about the absurdity of that...

But yet, this lie of a "statistic" will be bandied about tomorrow as the single most important economic indicator every created will the goal of giving The Fed and its Bankers the cover necessary to raise their Fed Funds rate. Again, it's all just One Big Lie but nobody cares...outside of TFMR, that is.

So, here we are. Gold is $1316 and silver is $18.82. The USDJPY and bonds are both down a little bit and the HUI has bounced a couple of points. Does it matter? No. All that matters is that Big Lie of 8:30 am tomorrow. Today is just a distraction and a sideshow.

Hang in there and keep the faith. NOTHING built upon a foundation of lies can exist forever and history is replete with examples of The Truth ultimately and always winning out. The same result is coming for all of us, too. In the meantime, all you can do is prepare for this eventuality...and try to keep your sanity.



1wileyz's picture



Turd Ferguson's picture

Another Berkey sale


Though they usually have a sale over the Labor Day weekend. Please use this link: http://www.berkeyfilters.com/?a_aid=512fbeb261a5a&a_bid=1786b0ac

Berkey Water Filters |  Berkey Answers | Blog | About Berkey

Sale ends tonight 9/1/16 at 11:59 PM
gold leader's picture

Damn Lies!

That's the truth

LostMind's picture

Throwin the Thurd

yikes... up green for the morning...

EDIT: After Reading smiley

Holy Shit! Turd's Yellow hat is now full on Tin!!!!!!!!!!!!! LOVE IT!!!!!

RickshawETF's picture



Marcrward's picture

bring on the jackass

looking forward to that conversation... thanks Turd!

Fatso's picture

ScotiaMocatta site down for 2 days so far


ReachWest's picture

Lies and Subterfuge

And there is NO way that tomorrow's BLSBS number is not pre-known by the FED and it's member banks. Of course the jobs numbers will be a lie, but 'they' already know what that lie will entail and 'they' have pre-positioned to take advantage of it. (It's all a well scripted play to keep us on the line.)

And that, is NOT a lie.

Turd Ferguson's picture

Speaking of lies...


A lot of chatter today about some "research" posted at Seeking Alpha regarding First Majestic. Here's my comment from the other thread:

Re that Seeking Alpha article

Submitted by Turd Ferguson on September 1, 2016 - 10:10am. 


Hat Tip!


I'm not a member...and I won't be registering anytime soon...but someone emailed me and mentioned that this site is mentioned in the article.

I have no idea as to whether this is favorable or not but, given the tenor of the "research", it's probably not...so let me just say this...

We've had Keith on 2 or 3 times now so I think you all can vouch for his integrity vs this internet "analyst". And I'm certainly not going to apologize for helping to introduce everyone to an equity that went from $2.50 to $19.15. If this article prompts someone to sell, so be it. I don't have any skin the game besides the shares I still hold in my IRA and regular account. 

Oh, and I'm scheduled to speak with Keith again later this month. Should be interesting to get his opinions on all of this.

Chiron's picture


I just love the smell of a reversal in the morning!  Better than napalm in the bank balance sheets.  

Turd Ferguson's picture

Again, I HAVE NOT read the article


But it sounds as if it may be another hatchet job related to Sister Christian. Recall how he's attacked Andy and Ted Butler? He also came after First Majestic and Keith on BNN two months ago.

And what do these three guys all have in common? I'll give you a second to think about it...

Turd Ferguson's picture

Found it!


Here's the AG "research report" from something called Kerrisdale Capital: http://www.kerrisdalecap.com/wp-content/uploads/2016/09/First-Majestic-Silver-Corp.pdf

And here's some info on Kerrisdale Capital: http://business.financialpost.com/investing/the-new-short-story

I'll say it again....

If all of this prompts you to sell your AG at what is likely a significant profit, knock yourself out! As always, your decisions are entirely up to you. 

Compwiz4u's picture


I agree. I used to tell people we are living in a matrix of false reality & they would give me a puzzled look.

Whenever I spoke with intelligent people who only got their news from MSM I realized that they were thoroughly indoctrinated on the false reality & didn't understand anything about false flags, faked government data, faked science, chemtrails, etc.

However, they were able to lucidly spout all the talking points for their "side."

They tended to get angry & defensive when I told them their government is not benign, is not instilling peace & democracy around the World, etc.

My wife continually reminds me not to talk about what is really going on as it only creates bad feelings, so I don't point out the matrix any more unless people start telling me about it.

So now I just bite my tongue & nod my head whenever a kool-aided person starts talking politics, etc.

Thank God there are places like Turdville where like-minded people can discuss reality.

Turd Ferguson's picture

And one more idea


It would be fun to have someone investigate this Kerrisdale Capital. Obviously, this pending report is a large reason why AG has been crushed for $7 over the past three weeks. Did they front-run everyone by shorting first? Did they let out some inside information to friends that this report was coming? It all smells pretty fishy and is perfectly timed for the theme of this current post.

yesca6's picture

AG and Anylists

It's a bold statement to come out and make this kind of proclamation when a stock is in correction that it needs to correct. I believe in Keith and the PM bull market underway. When oil was 140, you had morons claiming it is going to 200. Likewise on the way down. I agree with Turd. These are just shorts talking their book. 

Kuchek's picture

Deutsche Bank is refusing gold deliveries


canary's picture

Chuck Butler (Daily Pfennig)

"...There are number of reasons for the sluggish economy, but number one is....DEBT! And not just the Gov't, or State, or Business,....But what about household debt....How does an average by U.S. Household with a Total Debt of $263,259 sound?....But even with today's low interest rates, the debt servicing on that amount would come out approx. to $6,658 per year of payments. And the $263,259 doesn't include "other debt" of $40,602...YIKES!

Here is the breakdown...Credit Cards $15,310...Mortgage $171,775...Auto $27,188...Student Loans $48,986.................And what the "other debt" of $40,602 is, I couldn't find an explanation for".

JackPutter's picture

To Navigate the lies

I've found that I have to read more to try to discern the truth.

My news searches will often show that either Bing doesn't "like" the story (no or few results) or Google doesn't or both.  Start Page is a good check on them, but it's sometimes iffy.

Reading more than one author helps.  Semantics and language count, even though it seems that the spin-doctors seem to have forgotten how to stick to what is said.

Tracking the deterioration of the nation isn't difficult.  Just look at the step by step changes to the National Defense Authorization Act (NDAA).  In it you will find the indefinite detention of Americans and the US-funded propaganda machine.

Over at Armstrong Economics (I use a grain of salt on this site.)


Congress Authorized Propaganda Against Americans



The Repeal of the Fairness Doctrine Has Been Our Demise

Plain and simple the work to dig up the truth has been increased of late, but it can be done.

Dr Jerome's picture

Hit Job

I've been scanning the article on first Majestic. Sure looks like a hit job to me. The author(s) appear to put in a lot of research, but the argument I see so far comes down to this: 1 the CEO isn't really a miner (he may be a con man--implied) so how can you trust that he can run a mining company, and 2 the stock is way up, therefore it must come down.

Perhaps I can find time for a deeper look later today or tomorrow to analyze their quality of research and see if  there are any valid arguments.

@VikingKing6's picture

Hat Contest - total = 1,356.5

I couldn't post on the other post, maybe I am too late, that's fine!

I expect a report that is supportive for PMs, because:

  • The "deep state" wants Hillary to be president and doesn't want the stock market to sell off before November.  Stanley Fisher amazingly stated on Bloomberg the other day that "low interest rates sure help equity prices."  Never mind the savers.  Speechless.
  • Disappointing PMI today was the catalyst for PM push higher today, another "data point" for an (ahem) data-dependent Fed.

So, I predict BLSBS number that causes the algos to initially crash lower, then enables the PMs to rally back up to their 50 day MAs.  1337 gold, 19.5 silver.  Go big, or go home.

The algos crash the market lower, of course, to initially clip all the poor suckers who put in stop loss orders, before the grind higher.

LostMind's picture

Want to stimulate the economy?

How about NO MORE TAXES! For anyone and everyone who makes less than a $million! No more exemptions, no more deductions, no more taxes. And if you make over $1 million then you pay 35% off  the top REGARDLESS of how you made it!

OH, and no more free shit either. Get a job. Your free shit comes from no taxes!

JQuest's picture

Bill Holter: New 9/1/2016


JackPutter's picture

Some Info from Glassdoor RE That Seeking-Alpha article

the Author of the article reveal intent.;


Kerrisdale Capital Management

We are a fast-growing fundamental long-short fund with an activist bent. Kerrisdale has a creative and opportunistic work culture with a decentralized investment process.

Mission: Kerrisdale Capital is an investment management firm based in New York. We make value-oriented investments in public securities. In select investments, we will share our internal research in large-report format with the broader public as a means of enhancing our investment process and creating catalysts for our ideas.

Havenstein's picture

I tried


I tried to double hat tip your post three or four times. Still not working.

- H.

Fandango's picture

I get it.

Hey Turd,

I kept scrolling up and down to be sure if those were your words. I understand your emotions. It is a lot of responsibility to be a guiding light to others who are of similar thinking. It is a huge weight to bare. You have enormous support here, and many that care about you. Take some 'chill' time mate. Be with your family and friends. The idiots will still be here. LOL

canary's picture

ZH...they're smart.... and funny

For the second day in a raw they keep the DB news on top (DB Refuses Delivery of Physical Gold).

They know that it's likely something minor and temporary....But the message is more important...Keep your gold out of the banking system!

JQuest's picture

ZH: Deutsche Bank Refuses Delivery Of Physical Gold Article

Has 224,000+ views since it was posted yesterday!

Amazing traffic.. yes


RickshawETF's picture

ZH Article by Ted Butler

"Just like there was a threshold or breaking point in the price increases for EpiPens before they were rejected, there will come a similar point of recognition by legitimate market participants that managed money/commercial futures positioning is artificially setting the price of many world commodities. Until that point is reached it is foolish to ignore the prime price setting influence, particularly as it grows stronger.

Seeing how the managed money traders’ increasingly sizable positions are having a more pronounced effect on prices of commodities as different as copper, corn and crude oil, makes it difficult to see why the commercials won’t succeed in fully liquidating them in silver and gold as well. It’s a nutty and artificial way of setting prices in important commodities, almost as nutty as how we set drug prices, but not one of my making. I’m trying to point out how crazy and illegal it is in commodities."

tonym9's picture

silver holding 18.50,

silver holding 18.50, check

gold holding 1300, check

USD/JPY not exceeding 104.5, check

30 yr UST not exceeding 2.35, check

still holding my black and blue and bloodied NUGT, check

I'm betting on a goldilocks NFP tomorrow. I'm also expecting a sideways grind until Sept FOMC when it shall be revealed that the FOMC has no clothes and rates stay unchanged. That's when we see GDX with a healthy 3 and maybe even a 4 handle....and NUGT, well, let's just say I'm all in for a reason. But that report that banged around the internet talking about the last 19 years of August NFP reports gives me an outlier thought that if the NFP does come somewhere close to the average talked about at 43000....oh man...best to quell those thoughts though as there is no flippin way the NFP does that to Shillary.

THIS IS FOR FUN ONLY. I did some quick math (aka dream scale math) on the back of my lunch sack while in the car at lunch on NUGT. It went from 4 to 181 while gold went from 1050 to 1370 (320) with silver along side...supercharged from being beaten and left for dead. Here's the rough sequence: 4-8-16-32-64-128 plus a rough half to 181..that is 5 doubles and a rough half. IF IF IF gold moves to high 1400s, that's a move from 1310 to 14high, lets say 160...half of the last NUGT move. 17-34-68 plus a rough half = 102. Should gold make it to 1500, or even better 1650 by late spring (340). 17-34-68-136-272-544..... LIKE I SAID, DREAM SCALE MATH. But, if 1400 goes, it's not crazy to think 1500 could go, and it's not crazy to think a little more at 1600 land. x5 =255 profit per share. x6 = 527 profit per share. Does this happen? Highly highly doubtful. Is it fun to do math like this? Hell yes. Do you trade on it? Hell no. Do you make financial decisions (aka trading decisions) on it? HELL NO. ....but a guy can dream at lunch right?

The NFP is a gamble....a pure and simple bet on Red or Black while trying to avoid Green. I take full responsibility for my dumbass NUGT position and am willing to suffer if I'm wrong. But long term (even with decay) I still look at NUGT as one hellofa pay off....assuming we don't see an NFP with a 200 handle tomorrow.

TF: you are doing one hellofa job. The fact that you put a warning in writing a few days back speaks to your charactor. The Turdite Army better heade that warning....it is thoughtfully expressed and dead on with the ugly scenario. Today is your last day to bail before NFP, and right now you have a slight bump to bail on if you feel the need. Remember, your trades are your trades...and they can go to ZERO in the casino leaving you with only fuzz in your hip pocket.

We shall see... Good luck all.

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