It's Good To Be Turd

Tue, Aug 23, 2011 - 8:52pm

If you've been a Turdite for a while, you know how amazing I find all of this. A year ago, I'm just this dope with a MacBook and a few strongly held opinions. Now, I'm MacBook-toting dope who runs one of the Top 5 PM-themed websites in the world. Seriously, how weird is that?

One of the true perks of being The Turd is that I've been able to strike up relationships with a lot of people who actually know what they're doing. At any moment, I could pick up the phone and call or email a whole bunch of folks who, just a year ago, would never have taken my call. I've been able to meet and speak to people with whom I would normally never be able to contact.

One such amazing encounter occurred back on Sunday evening. The nice folks at asked me to participate in an hour-long interview of the great Jim Rogers. They even let me ask the first couple of questions! The full interview was just posted to their YouTube channel and the links are listed chronologically below.

I highly encourage you to take the time to listen to the interview. Jim has forgotten more about commodity trading than most of us (combined) will ever know. However, his typical interview is on financial TV and it usually covers the same, boring topics and leaves little room for expansive answers and follow-up. Let's just say that this was not the typical interview. Enjoy!

01/05 Jim Rogers ~ TMRN -2011-08-21 Time Monk Radio Interviews Present:
02/05 Jim Rogers ~ TMRN -2011-08-21 Time Monk Radio Interviews Present:
03/05 Jim Rogers ~ TMRN -2011-08-21 Time Monk Radio Interviews Present:
04/05 Jim Rogers ~ TMRN -2011-08-21 Time Monk Radio Interviews Present:
05/05 Jim Rogers ~ TMRN -2011-08-21 Time Monk Radio Interviews Present:

Again, thank you all for making this possible. One day, when I am rotting in my government re-education/hard labor camp, I'll be cursing the time I spent as Turd. For now, though, I feel overwhelmingly blessed. TF

About the Author

turd [at] tfmetalsreport [dot] com ()


Aug 23, 2011 - 10:29pm

Thanks Turd

Your a class act man

Eric Original
Aug 23, 2011 - 10:29pm


Looks like about 30 buckaroos up off the lows. Yip-a-yi-yo-ki-yay!!

Aug 23, 2011 - 10:30pm

@Turd congrats! I think

@Turd congrats! I think Cramer might be reading the blog here too. He used "The Race To Debase" comment describing money printing on last nights show. I am pretty sure that I made a comment about how true that great statement was when Deep Purple Haze coined it a week or so ago.

Looking forward to the interview when I get some time Turd.

Aug 23, 2011 - 10:33pm


Hey Turd, I feel blessed too. Thanks for sharing your thoughts.

Debbie Downer
Aug 23, 2011 - 10:37pm

Jim Rogers/Turd Ferguson Interview

01/05 Jim Rogers ~ TMRN -2011-08-21 Time Monk Radio Interviews Present:
02/05 Jim Rogers ~ TMRN -2011-08-21 Time Monk Radio Interviews Present:
03/05 Jim Rogers ~ TMRN -2011-08-21 Time Monk Radio Interviews Present:
04/05 Jim Rogers ~ TMRN -2011-08-21 Time Monk Radio Interviews Present:
05/05 Jim Rogers ~ TMRN -2011-08-21 Time Monk Radio Interviews Present:
So It Goes
Aug 23, 2011 - 10:48pm

The deep V

Just looked on Kitco - both gold and silver are up 1+% from the NY close today.

I think that the strength is incredible.

We are going to see a deep V - new highs soon - the beat down will not work.

The metals are way too strong. Confidence in fiat is going, going..................

Keep stacking. :-)

Turdle GG
Aug 23, 2011 - 10:48pm


Yes the guys in Tokyo were smart to sell yesterday

(As long as they were back there first thing this morning to buy again!)

Aug 23, 2011 - 10:49pm

China’s gilded gold market

Caixin Online Archives | Email alerts

Aug. 23, 2011, 10:08 p.m. EDT

China’s gilded gold market

Much of the growing gold demand has been driven by individuals

By Fu Tao and Sun Yanxia

BEIJING ( Caixin Online ) — At 350 tons per year, China is the world’s largest producer of gold. And yet China’s statistics show that the country has been a net gold importer since the 1990s. Gold imports and exports have been tightly controlled by the People’s Bank of China, though new avenues for investment have emerged in recent years.

Marcus Grubb, the managing director of investment research and marketing for the World Gold Council (WGC), in June said that the world gold price had yet to fully internalize the additional demand that China’s investors and consumers were bringing to the table....(cont.)

Aug 23, 2011 - 10:52pm

Something breaking about japan...

...setting up a facility for Yen rise.

Also...Japan Minister of Finance to increase currency monitoring.

Just coming across MarketWatch.

Sounds like a BOJ intervention or QE of some type. Maybe why the PM's are grinding up over there.

Aug 23, 2011 - 10:54pm

Ahh...the good doctor...

...haven't seen or heard from you in awhile and was going to give a shout out to you.

Nice to see you on board. I must have heard that phrase partially or it just made too much sense. It just seems odd that a lot of countries are in a hurry to weaken their currencies.

It's such a convoluted way for any major economy to have to function efficiently and were talking about lots of major countries trying to do it all at once. And now the current theme is that debasement isn't such a bad thing and is now considered the "obvious" way out of each countries debt and export problems in the MSM. (wtf? mope or what?)

Just look at that Cramer show and when you realize that he is widely viewed and taken as a guru is almost shocking. He does make some valid points at times but mostly it seems like paid advertising or a hit job of some type. The MSM is indeed carnival-like at times with lots of clowns.

Good to see you back.

Aug 23, 2011 - 10:55pm

@DPH. I only watch Cramer to

@DPH. I only watch Cramer to see his first statement on the day. Usually it is some BS crap spin about the markets. It helps me keep the perspective that he's nothing more than a clown. I watch some CEO interviews of companies I am interested. But it is fast forward through most of it. When Cramer lies he looks at the floor. He does a fair job at educating about a few things but it is mostly just the basics.

Also, this just popped up at ZH. They are now calling ZH well, you can see in the title. Clip from Fast Money. The problem is that ZH is right unfortunately you can't control outlets like the blogoshpere. And people wouldn't read blogs if the MSM wasn't a pile of shit being spewed forth night after night. Indeed the Emperor Wears No Clothes.

As Max Keiser said recently. "in this new reality, the King investigates the person who says he has no clothes, for having poor eyesight." Touche Max!

And In The Category For Biggest Conspiracy Theory We Have....

Aug 23, 2011 - 10:56pm

Jim Rogers is a cool cat

Holy crap, to hear a rich guy say shit like that makes me think I might not be crazy. Thanks Turd.

Aug 23, 2011 - 10:58pm
Aug 23, 2011 - 10:59pm

Japan ready to act over yen's

Japan ready to act over yen's historic rise


Japan is ready to take action against a further surge in the yen, including market intervention, after the safe-haven Japanese currency hit a post-war record high, local media reported on Saturday.

The government and the Bank of Japan have started discussions over fresh intervention to sell yen and buy dollars on the foreign exchange market, the Nikkei business daily reported.

Japan is ready to intervene and sell yen even on overseas markets if it detects speculative moves to drive the currency higher, an unnamed senior finance ministry official said late Friday, according to the Yomiuri Shimbun.

The mass-circulation daily also said that the central bank is separately considering further monetary easing in tandem with the government’s possible yen-selling action.

The dollar slumped to 75.95 yen in intraday trade Friday, beating its previous post-World War II low of 76.25, which it reached days after the March 11 earthquake and tsunami hit Japan.

Investors were flocking to the Japanese currency, seen as a safe-haven unit together with the Swiss franc, amid deepening concern over another possible global recession, traders said.

Because a strong yen hurts Japanese exporters, the nation’s main economic engine...(cont.)

Aug 23, 2011 - 11:02pm

My symbolic yen position

That I established when I was in Japan (if it ain't dollars, I accumulate it), it's up up up. I shoulda accumulated more yen when I was there.

I think I traded dollars for yen when the ratio was like 115:1 and it's now something like 75:1?

I don't think any paper currency is a good deal, but relative to the dollar, it's been a moderately decent deal :P

Aug 23, 2011 - 11:06pm


I hear ya' Doc.

My dad used to watch him all the time and I started mentioning to my dad in a very subtle way how I look at the big picture. My dad now see's things quite a bit differently. Love it!

Uncle Fester...Thanks for that. Appreciate it

Aug 23, 2011 - 11:07pm

Oh and my even more symbolic yuan position

I traded 200 yuan for $25. The chinese guy who I traded them for looked at me strangely. They're now worth $31, according to the exchange rates. Prolly with vig and whatnot it would total out to a push if I traded them back for dollars.

Aug 23, 2011 - 11:10pm

Just out from Bloomberg

Japan Unveils $100B Effort to Cope With Yen

Q By Toru Fujioka - Aug 23, 2011 10:38 PM ETWed Aug 24 02:38:47 GMT 2011

Japan’s government unveiled a $100 billion effort designed to cope with persistent strength in the yen that threatens to thwart the nation’s recovery from three straight quarters of economic contraction.

Officials will release $100 billion to fund loans by Japan Bank for International Cooperation, Finance Minister Yoshihiko Noda told reporters today in Tokyo. JBIC, as the lender is known, is a state-run export credit agency.

Two Gun Tobin
Aug 23, 2011 - 11:16pm

Way to go Mr Turd

Not only is your information timely and well received, you give out BIG YELLOW HATS! My hat and I went out and bought 34 oz of silver today, too cool.

Aug 23, 2011 - 11:16pm

I don't have a vagina, but I

I don't have a vagina, but I want Turd in mine. If a re-education camp is where you land then that must be the place to be so rest assured that you'll have company. Keep up the good work my man, one day this site will be numero uno and you'll need a bigger yellow hat to fit that oversized head of yours.

Aug 23, 2011 - 11:18pm

Removed comment

Removed comment.

Aug 23, 2011 - 11:21pm

from "Serenity"

"Mel, guy killed me with a sword, Mel. How weird is that?"

Aug 23, 2011 - 11:30pm

Don't know if this has been

Don't know if this has been posted yet, but SGS is saying that he first mentioned this in the Bears #7 video.

JP Morgan May Take Over Bank Of America

Bears #7 video

This should be an interesting week.

Aug 23, 2011 - 11:33pm

I listened to the whole

I listened to the whole interview and thoroughly enjoyed it. Vintage Jimmy, his philosophy has not changed too much over the years. I loved the statement " a good investor does nothing most of the time"

Jimmy should have taken the opportunity to ask The Turd a few questions. Now that would have been the icing on the cake.

Thanks for posting all the links.

Good luck and Good night to all!

Aug 23, 2011 - 11:36pm

Jim Rogers is a class act and very much a fortune teller.

I go back with Jim to "Investment Biker", which by the way I just passed on to my son. I am one of his biggest fans an have the good fortune to have Jim's email over the last ten years. I have learned a great deal and will continue to devour his wise words.

Aug 23, 2011 - 11:42pm

Good Doc

I think it is safe to say that the world has entered the zip-up phase. This is where TPTB incorporate the loose ends into the Borg. That means TPTB are certain that the financial community is stable enough to accumulate. Should FASB suspension and ZIRP continue, they maybe right...afterall, they know better than I! Moral of the story, keep stacking.


Aug 23, 2011 - 11:48pm

@UncleFester Yeah. I just

@UncleFester Yeah. I just can't stop watching it all. It is truly fascinating how the lies get bigger and bigger. Now if JPM does takeover BoA. Won't Fast Money and other look like total jackasses? I mean the point is, that ZH was right all along. Like I have said all along, Bizarro World!

MonkeySmoke lostinspace
Aug 23, 2011 - 11:53pm

@ Hugh---Turd Convention in Vegas 2012

The convention could be called "Shit Storm 2012" with all the gloom and doom in the world, especially around "2012" what a better convention!! Turdites unite!!! In Vegas, the home of REAL casinos and true gambling!!

Art Lomax
Aug 23, 2011 - 11:55pm

Dave T

Dave T wrote:

Art. You still in corn?

Missed this latest move. Waiting to BTFD.

Aug 24, 2011 - 12:00am

This was posted by

This was posted by benroberts13 at the end of the last thread, and i thought it deserved more views.

@ After the Storm

"Not the 911 junk but people do want power and greed is controling them causing them to do unethical things."

I for one have absolutely no doubt whatsoever that 911 was an inside job. The evidence for which is so massive and so overwhelming, that it takes years to integrate it all. If you cannot think rationally, think outside the box, consider every piece of evidence, all the eyewitness accounts, all the theories from thousands of researchers and corroborate and cross check it all against the available information on the subject, you will end up confused and vulnerable to one of the most prolific and ubiquitous propaganda machines ever invented by the diabolic mind of man.

Unraveling and exposing the conspiracy against gold, silver, the dollar, and the very sovereignty of this nation itself, is a daunting task. Something that requires hundreds of hours reading thousands of articles, watching live charts days on end, and then keeping a running spreadsheet of all the inter-related markets in order to make sense of it all.

If you don't have the critical thinking skills, the time, the dedication it takes in the pursuit of truth, then I suggest you confine your remarks to what you know. Do not attempt to make subtle ad hominem attacks against men of reason who have done their homework, by using words and phrases like, "bogeymen", "911 junk","Meanwhile back on earth", and lump them all together with men like, John Hathaway, Rob McEwen, James Turk who are good rational men of great success and skill.

We here use such term that will also turn off the average "Joe six pack". Terms such as "EE", "Global Elite", "The FED as a private conspiracy of fraud and theft", "The New World Order", to describe what is going on in the financial markets. Joe, must be reeling in confusion and fear as he is being hit in the head with a reality he never tried to understand, nor was ever equipped to understand. He has no clue as to what has hit him, is hitting him, and will hit him. So, maybe he needs a dose of reality to free his mind from the massive mind control propaganda that has for most of his life kept him in a intellectual stupor.

I am not here to make my ideas palatable to people who never spent a day in their lives thinking about anything but beer, sports, and pizza, who have never had an original thought. I could give a damn if I alienate all of them. They are and will be the losers for not being able to see this coming and prepare in advance for the same.

Only those who wake up in time have a chance to survive. To that end, Turd has dedicated this site in the hopes that they will listen and act accordingly to protect what little they have. But make no mistake, this site is just the beginning of what must be learned, or "un-learned" to makes ones way out of the "Matrix".

It may be self-serving because I completely agree , but it is my sincere desire to open more minds to the ubiquities surrounding that day. Big hat tip ben, hope to see you in NY on 9/11 for the 10th anniversary.


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