Let’s Pause for a Moment and Reflect

Fri, Mar 20, 2020 - 9:22pm

Hysteria: behavior exhibiting overwhelming or unmanageable fear or emotional excess." https://www.merriam-webster.com/dictionary/hysteria

Here we are, Spring, 2020, and from all quarters, all at once, hysteria abounds. Let's take stock of some basic facts we can all agree with, then pause, reflect, and calmly restore some perspective. No one on this site is compelled to be here. Anyone on this site has a basic education, can navigate the internet, and has an interest in investments in general, and precious metals in particular. Most if not all on this site have reasonably held political beliefs, meaning, one has reached a political viewpoint from experience, education, and rational thought. Not all on this site agree to a single point of view, about anything, meaning, in short, that everyone's perspective is totally unique. This site is international, in all time zones, and is at once, through the comments section, a perfect capture of the spirit of the moment.

Now having said all that, it seems easy to see that this site, and through the comments' section, we can and do have an amazing resource here of capable individuals that can collectively, and carefully, analyze most anything, given the time and effort. Under the circumstances, it sure seems to be the right time, so it seems beyond question that the effort is worth it.

There are five things currently occupying occupying much of my time now that lawyering is on hold, and they are discussed in order:

(1) Coronavirus: some things are universally beyond dispute, while some things are hotly contested. Yes, there is a novel coronavirus that is affecting people in a negative way health wise, including hospital admissions and death. No, it is not a hoax. But, is it a pandemic? Does it deserve HYSTERIA? Does it warrant suspension of basic freedoms, of Constitutional rights, shutting down of government services and massive taxpayer subsidized bailouts? All each of these questions, there is no universal agreement. Some say it is a pandemic, and that we are in the fight of a lifetime. Others say it is overblown and people are behaving irrationally.

If I had more time I would collect the various points of view, and let the reader sort through the various points of view on them all. But here, the focus needs to remain on the provable facts. I rely on Chris Martenson, PH.D in epidemiology, and tend to agree with him. We are living in strange times indeed, and the coronavirus is not to be ignored. Some will get it, have no symptoms and life will go on. Some will get it and succumb, perhaps due to the virus as a causative mechanism of death, perhaps underlying causes and coronavirus just happens to also be present. What is certain, is that infections are overwhelming the ability to treat it, which is a real problem.

With this said, though, is it appropriate for "shelter in place" orders, or "lock downs," or suspensions of freedoms like associating with others, socializing in bars, restaurants, or even pursuing education, whether for our children or for young adults in college? This is a very difficult question to answer, and I am certain there is no right or wrong answer, as everyone's perspective is different. Because of the consequences, there simply had to be a massive, and immediate effort to attempt to "flatten the curve" and bring the number of new infections down. If that effort was not undertaken, by private entities, government, and individuals on a "self-quarantine" basis, then there would have been no end to the criticism if indeed the death rate spiked. On the other hand, there will be those that forever criticize the authorities for their oversized and overzealous response to what they say is over blown, a hoax, or minimal, and provably so in comparison to past health statistics showing coronavirus casualties are only a fraction of deaths as compared to medical negligence deaths, car accidents, or the yearly influenza virus. One meme circulating even says that one is more likely to die from speaking bad about Hillary Clinton than from getting coronavirus. Anyhow, my personal take is that while unprecedented, and difficult to say the least, I am in favor of the current extraordinary steps being taken now to quell the spike in coronavirus cases. If this drags on into April, well, my opinion is certainly going to change.

So, analyzing this at a high level, we all owe it ourselves, our families, and loved ones at a minimum, to take this seriously, be careful, and do our best to get through this period of difficulty. We can all revisit it later in April, and hopefully laugh at how quickly the hysteria dissipated if it turns out that coronavirus cases peter out, or some existing medical treatment or new drug proves helpful.

I'll address the conspiracy aspects of this below.

(2) US financial markets and Federal Reserve actions in light of recent developments: this one is at once critical, depending upon one's retirement timeline. I'm not too close, but others are and naturally those closer to retirement, or those already living on fixed incomes may be way more interested in this.

I want everyone to look back at the housing bubble, the bursting of it, and the Fed response. For that matter, look back to the Y2K build up and aftermath. In both instances, the Fed stepped in and printed, essentially hyperinflating the currency to stave off systemic collapse. The dollar is the reserve currency, backed by the massive US military-industrial complex, and the tax slaves that enable it. Until that changes, the hyperinflating dollar is NOT the tax slaves' immediate problem.

I have zero doubt, that the Fed will do everything it can, and then some, to save the system. Moral hazard abounds, so what? We have two systems, one for the super rich and connected elites, and one for everyone else. The elites run the system, and they will protect themselves. This will not change anytime soon, period. At all costs, the system will be maintained.

Like we saw in the past 20 years, the Fed will backstop everything, and this means the game keeps going. Diversify, manage risk, have a sizable stack, try to live a healthy life, and learn to live in the moment are all workable strategies. Elites are going to do what they are going to do, and no amount of talking about it will ever change anything. What we can take away from this is that there are plenty of commentators who were correct in predicting the overbloated US markets were ripe for a crash. Now that it is here, the Fed will do what it always does, and those with first access to the new money will reap huge advantages. Moral hazard will continue. Silver and gold will not moonshot. Comex will not freeze up and disappear. No banksters will see jail. Fiat currency will devalue over time, same as it was, same as it will be. Elites and insiders will benefit, same as it was, same as it will be.

Naturally, I will weigh in below on the conspiracy elements to this part.

(3) US Presidential Election Campaign: does it not seem strange that for months and months, all the news all the time was totally about the democratic candidates and their race? Now, the pretenders are all gone, predictably so, all towing the party line and backing the chosen one now. What happened to all of the Bernie supporters? How did they disappear so suddenly? How did the landscape change almost overnight? It was preordained. Same as it always was, same as it always will be. Biden is the front runner, until he is not. Someone [Hillary?] may replace him suddenly as Biden graciously admits he is suffering dementia and is checking into a hospital, and begs the democrats to rally behind Hillary to defeat the evil Trump. Whatever. This is all just preordained anyway.

Is Biden electable? Is Trump going to win reelection? Does it matter, really? Are not the two just different wings of the same bird of prey? Which one will cut the size of government? Which one will eliminate federal government overreach into everyone's lives? Or will both of them simply continue on with the same ol, same ol? Don't we all know the answer to that already? Enough said.

(4) Conspiracy Theories, "Q," Etc. this is my favorite part. Let's start with the sensational theories regarding the onset of coronavirus. Is the coronavirus man made or did it suddenly just appear in the wet market at Wuhan? Did the level 4 bio lab in Wuhan create the virus as a biological weapon and somehow it escaped from the lab? Were there Chinese secret agents stealing technology and bio secrets from USA and Canada, bringing everything to China for creation of the bioweapon? Did the Americans bring it to China and unleash it on the Chinese? Oh my . . . How will we ever know the truth?

For whose benefit was it to have the coronavirus unleash its destruction? It sure seems like the Chinese are getting the short end of the stick on this one! Now, some US congressman is calling for Chinese reparations because it is China's fault the virus is causing economic damage in USA! Hilarious. No, it does not really seem to be a benefit for the Chinese to have unleashed the virus at home, on their own people. What about the Americans? Now, this gets a little bit more interesting. If the Americans unleashed the virus on the Chinese as a weapon of war, then it seems the consequences blew back on the Americans, no? But, what if we are really only in the very beginning of the response to the virus? What if, like the Patriot Act emerging in response to the twin towers' destruction, there is a new, comprehensive set of laws that restrict freedoms and grant to the government new powers? Well then, it would seem fairly obvious that the global elites benefitted in a major way, right? Or, was it just an accident, truly, whether the virus just happened to emerge, whether from nature, or from a lab accident? It seems too soon to know. But, it sure is intriguing to think about this.

Financial markets needed to reset, so the coronavirus pricked the bubble and now the elites get to blame the virus and not themselves for the destruction. I like this theory the most. It seems obvious. The system was grossly overbloated, Trump, foolishly taking credit for the Dow nearly reaching 30,000, when anyone with any sense of skepticism could easily see that the market was due for a correction. Did the elites, then, release the virus in China, to prick the bubble to deflect criticism of their own mismanagement of the system? The stock buybacks? Bailouts? How else can the elites get another bailout unless they blame some external force for the collapse? This, more and more, compels me to conclude that the virus is no accident.

The virus has totally changed the narrative and now there is almost zero reporting of the democratic candidate race. Who benefits by that dropping from the headlines? The elites, of course, because now Biden's gaffes and Bernie's frightening socialistic policies are quietly pushed down the memory hole. Now, the elites can shift the focus to caring for victims, bailouts, taking more freedoms away, and finally getting gun control enacted in light of martial law and the dangerous conditions that mandate immediate gun confiscations for everyone's safety . . .

All this Q stuff. it is super fun to read and think about, I admit, but really, it makes me think of Wynter Benton and the sensational discussions of silver dropping below $36 and ounce. Yes, for lots of you new to the site, way back when, silver was actually priced in dollars at more than $36 an ounce. I may be convinced down the road that there really is a Q, but really, the sensational facts are just entertainment, not unlike Benjamin Fulford and his wonderful tales . . .

With this said, I do remember vividly, Dr. Steve Pieczenik, speaking of the "deep state," way back right when Trump was elected. As it turns out, Dr. Steve was right. So, is Q Dr. Steve or one of his associates? Seems probable, so I'm waiting this one out. One can hope, but some of the things are just too far fetched to really merit discussion, like the 50,000 sealed indictments, or the closing of the government for massive arrests of traitors and military trials at Gitmo. Please, let's be real.

(5) Global Financial Future, Whether Status Quo or Reset, Silver, Gold: finally, we get to the precious metals.

I have no doubt that my stack is intact, still every bit the store of value I intended it to be when I acquired it and keep adding to it. Are we going to have a financial system reset? Surely, no doubt, as all fiat schemes always fail eventually. Knowing when it will fail is the tricky part.

The status quo will always be the status quo because the system is maintained by the elites, for the elites, and that is that. Only a bloody revolution, invasion, war, asteroid impact or something cataclysmic will ever change that. So, no, there will not be a reset. There will be tweaking at the margins, perhaps another elite scheme to replace the existing scheme, but no reset, no jubilee, no silver moonshot will ever occur. So, stop being delusional, and thinking that the shiny stack of silver will set you free in the end.

Better off having a balanced portfolio of tangible assets, including precious metals, in these perilous times. And, for safety sake, keep it in your own possession.

So, that is a lot to think about, but I wanted everyone to have a chance to weigh in now that we are facing national stay in place and shelter lock down orders. Nothing like time on your hands to pause, reflect, and say what is on one's mind . . .

About the Author


Mar 22, 2020 - 12:17pm


Putting in the time on a Sunday to get the comments back on line!

Mar 22, 2020 - 12:26pm

Question for Ron

Why when you go to the last comment you can't scroll through all comments in reverse order. Often it only lets you read up to the last 5 or so, when in fact one has not read the last 20? Can you fix that? Thanks

J Siefert
Mar 22, 2020 - 12:28pm

COVID-19 News from Switzerland (CH)

Using new tests CH has now ramped up its testing capacity to 7000 persons per day.

Up to now CH has tested approx. 50,000 people which equals 5800 per million population.

CH is seeking out people who have recovered from COVID-19 to help out in hospitals attending to patients with the disease. This is made possible by a new test than can measure the virus anti-body load in the blood to ensure these people are not under too much risk.

From Italy it is reported that 1 in 10 people tested positive for coronavirus are hospital health-care workers. That means they are working under very high-risk conditions.

Mar 22, 2020 - 12:36pm

@NUGTCALL, the Last button

@NUGTCALL, the Last button jumps to the last "page" of comments where the most recent comment exists. You can see how this changes in the URL, it will say something like "?page=5". They are in sets of 10, so if the newest comment is the first of the last set of 10, it will only show one.

To scroll through all comments in reverse order starting with the newest, choose "Sort By: Newest" from the dropdown select menu in the middle.

See: https://www.tfmetalsreport.com/faq#comment-tools

Ben Stackin
Mar 22, 2020 - 12:36pm

excellent interview.... Turd-worthy

Greg Hunter talking gold and reset

oops, I see it was already posted. Great minds think alike.

Ben Stackin

Mar 22, 2020 - 12:50pm


Here's an Epstein you might want to hear from.

Don't Expect Millions To Die From Coronavirus, Says Richard Epstein

PS. Chris Martenson for Surgeon General and Turd Ferguson for Secretary of the Treasury.

Key Economic Events Week of 3/30

3/31 9:45 ET Chicago PMI
4/1 8:15 ET ADP Employment
4/1 9:45 ET Markit manu PMI
4/1 10:00 ET ISM manu PMI
4/2 10:00 ET Factory Orders
4/3 8:30 ET BLSBS
4/3 9:45 ET Market service PMI
4/3 10:00 ET ISM service PMI

Mar 22, 2020 - 12:53pm


Doesn't work. Please help. Not an expert but might need to fix software

Mar 22, 2020 - 1:07pm

I just tried it

Hitting "newest" worked for me.

Clarkii Stomias
Mar 22, 2020 - 1:10pm

Physical metal IS separating from Contractual metal

Got this email from one of the vaults I store at (UPMA.org in Utah). Meant to share it earlier. Check out the second paragraph on Silver Premiums.

There's a rush on metals.

It isn't just toilet paper and bleach that are disappearing off the shelves.U.S. physical silver and gold are becoming harder and harder to come by. Many online precious metals retailers are completely out of Silver Eagles. As a result, premiums for these coins are going up every day. For the first time in nearly a decade we aren't even able to acquire Gold Eagles for the regular 5.8% above spot.

Visit our Website

Silver Premiums

During this time if you wish to sell silver that has been purchased through UPMA you will get whatever premium silver is currently being sold for. This means that $12 isn't the real price of silver coin, just paper contracts. Physical is actually over $20 for both buying and selling. We only deal with physical.

More on this Story Here

Mar 22, 2020 - 1:24pm

China Claims Coronavirus Originated with USA

Here is the link: https://www.globalresearch.ca/ten-questions-for-the-u-s-where-did-the-no...

And, now the questions:

(1) Why is China claiming this?

(2) For Whose Benefit is it for China to Claim this?

(3) Like Most Things with Humans, Truth is not Absolute or Binary; rather, Truth can Often be Found on a Spectrum. So, are there ANY Parts of this Claim that are True, and are there HALF-TRUTHS from which INFERENCES can be Drawn?

(4) What is the Purpose of Saying these things?

Question 1: is it to save face? Is it like Baghdad Bob just spewing nonsense ordered by the high command? Is it to stave off massive public relations repercussions, if not more, that are sure to come down the road, as surely as day follows night? Will we ever be told the truth from any government authority as to any of this?

Question 2: surely China HAS no choice but to blame anyone but itself for the outbreak. For example, if the people in China actually learn that their own government created the virus in a lab, and it escaped, accidentally or otherwise, what effect would it have on the masses? Would they finally rise up and overthrow their leaders? In this regard, the Chinese elites, like their American counterparts, are deathly afraid of the masses finally realizing that the masses have all the power if only the masses would wield it . . . So, is this the CUI BONO answer?

Question 3: Some of this seems plausible, but really, it reminds me of golf. Two golfers are playing. It's hole 15, four more holes to play. One golfer is 8 shots back. He says to his playing partner, "I can win if I get a hole in one on this hole and birdie the rest." Sure. It's possible, but not likely, not even remotely.

Question 4: saving face, placating the masses, sure, but also, this claim helps push the binary conflict model that has proven, and is, so effective in distracting the masses from what is really going on. The public is effectively placed in a false choice: either China is telling the truth, and the Americans are to blame for the outbreak, or China is lying, and hence the bogeyman and deserving of world condemnation and outrage. This reminds me of why there are fighter jets flying over every NFL game. The military needs young men and women, and the jets serve as a visceral reminder of America's overwhelming military apparatus, thus triggering an emotional response in the target audience, mostly comprised of young, military aged men. So too is this fantastic claim by the Chinese that the Americans are to blame. This is a direct emotional trigger of "how dare you claim that WE caused it!" See? Pretty effective in directing the emotions to a binary choice.

Keep watching for this in the days to come, and do not fall for the emotional appealing suggestions. Always ask "For whose benefit is it?" And, be safe.

Subscribe or login to read all comments.


Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 3/30

3/31 9:45 ET Chicago PMI
4/1 8:15 ET ADP Employment
4/1 9:45 ET Markit manu PMI
4/1 10:00 ET ISM manu PMI
4/2 10:00 ET Factory Orders
4/3 8:30 ET BLSBS
4/3 9:45 ET Market service PMI
4/3 10:00 ET ISM service PMI

Key Economic Events Week of 3/23

3/24 9:45 ET Markit flash PMIs
3/25 8:30 ET Durable Goods
3/26 8:30 ET Weekly jobless claims
3/27 8:30 ET Personal Inc and Spending

Key Economic Events Week of 3/9

(as if these actually matter)
3/11 8:30 ET CPI
3/12 8:30 ET weekly jobless claims
3/12 8:30 ET PPI
3/13 8:30 ET Import Price Index

Key Economic Events Week of 3/2

3/2 9:45 ET Markit Manu PMI
3/2 10:00 ET ISM Manu PMI
3/2 10:00 ET Construction Spending
3/4 8:15 ET ADP employment
3/4 9:45 ET Markit Service PMI
3/4 10:00 ET ISM Services PMI
3/5 8:30 ET Productivity & Unit Labor Costs
3/5 10:00 ET Factory Orders
3/6 8:30 ET BLSBS
3/6 10:00 ET Wholesale Inventories

Key Economic Events Week of 2/24

2/25 9:00 ET Case-Shiller home prices
2/26 10:00 ET New home sales
2/27 8:30 ET Q4 GDP second guess
2/27 8:30 ET Durable Goods
2/27 11:30 ET Goon Evans speech
2/28 8:30 ET Pers Income and Spending
2/28 8:30 ET Core Inflation
2/28 9:45 ET Chicago PMI

Key Economic Events Week of 2/17

2/18 8:30 ET Empire St Manu Idx
2/19 8:30 ET Producer Price Idx
2/19 8:30 ET Housing Starts & Bldg Perms
2/19 2:00 ET January FOMC minutes
2/20 8:30 ET Philly Fed
2/21 Fed Goons all day at Chicago Conf.
2/21 9:45 ET Markit flash Feb PMIs

Key Economic Events Week of 2/10

2/11 10:00 ET Job Openings
2/11 10:00 ET CGP Hump-Hawk House
2/12 10:00 ET CGP Hump-Hawk Senate
2/13 8:30 ET CPI
2/14 8:30 ET Retail Sales
2/14 9:15 ET Cap Ute & Ind Prod
2/14 10:00 ET Business Inventories

Key Economic Events Week of 2/3

2/4 10:00 ET Factory Orders
2/5 8:15 ET ADP Employment
2/5 9:45 ET Markit Service PMI
2/5 10:00 ET ISM Service PMI
2/6 8:30 ET Productivity & Unit Labor Costs
2/7 8:30 ET BLSBS
2/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 1/27

1/28 8:30 ET Durable Goods
1/28 10:00 ET Consumer Confidence
1/29 10:00 ET Pending Home Sales
1/29 2:00 pm ET FOMC Fedlines
1/29 2:30 pm ET Powell presser
1/30 8:30 ET Q4 GDP first guess
1/31 8:30 ET Pers Inc and Spending
1/31 9:45 ET Chicago PMI
2/2 10:00 pm ET Chiefs win SB LIV

Key Economic Events Week of 1/13

1/14 8:30 ET CPI
1/14 9:00 ET Goon Williams
1/15 8:30 ET PPI and Empire Fed
1/16 8:30 ET Retail Sales and Philly Fed
1/17 8:30 ET Housing Starts
1/17 9:15 Et Cap Ute and Ind Prod

Recent Comments

by happycamper515, 59 min 31 sec ago
by ag1969, 2 hours 1 min ago
by ag1969, 2 hours 3 min ago
by ag1969, 2 hours 6 min ago
by Blackwatersailor, 2 hours 30 min ago
by SteveW, 2 hours 41 min ago

Forum Discussion

by ag1969, Apr 3, 2020 - 7:14pm
by ag1969, Apr 3, 2020 - 7:06pm
by Green Lantern, Apr 3, 2020 - 7:00pm
by ag1969, Apr 3, 2020 - 6:35pm
by zman, Apr 3, 2020 - 11:06am