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.

Can't Think of a Witty Title Today

It's Tuesday and, with the euro sliding again, down go the metals for the 96th day in a row. OK...maybe it just seems like 96 days but...it's actually 12 days out of 13 now that silver has been down. Yuck.

Turditulation

Hey, no one can accuse me of going down without a fight.

TFMR Podcast #19 - Jim Willie

Like many of you, I know what is coming. I can see all of the pieces of the puzzle but I don't quite have the knowledge and expertise needed to bring all of the pieces together into a clear picture. Jim Willie does.

Looking For a Squeeze

Even though he knows it's dangerous to venture into the Hall of Falling Knives, The Turd proudly gazes into his crystal ball and foresees the following:

Fair and Balanced

I stumbled across this video today and thought it could serve as a basis for an interesting discussion.

Calvin? Anyone Seen Calvin?

Meow! Looks like Calvin decided to show up this morning, right on time. Though this was predictable and somewhat of a relief to see, I wouldn't get too carried away just yet.

The Latest From Uncle Ted

As most of you know, Ted Butler runs a subscription service and he usually sends out updates twice per week. At the conclusion of today's update, Ted mentioned that he was considering making it "public", given the overall nature of the post. I immediately emailed him and seconded the suggestion. He has since given his OK. What follows is his midweek update, "Knowing The Game", in its entirety. THANKS, TED!!!

Turd in Backwardation

That just sounds painful, doesn't it? Yikes! However, as the title suggests, I am personally in backwardation today as I feel the best way to summarize our current position is to give you my conclusion first and then work backwards from there.

The Latest Gold and Silver Breakdown

Of course I'm not going to suggest that you attempt to catch the falling knife, however, those still trading may soon see an opportunity to buy.

The Fiat-Conversion Price

And this matters how? And why, exactly, do you care? Seriously. You need to ask yourself those two questions.

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