TFMR Podcast #2

Sat, Sep 24, 2011 - 11:23am

In what will become a regular, bi-weekly segment, I proudly give you podcast #2. This week's guest is Gonzalo Lira. Many of you are familiar with Gonzalo's work but, for those of you that aren't, this hour-long discussion will be a real eye-opener. This was recorded on Wednesday, before the late-week carnage and, frankly, I don't recall if we spent much time discussing "Operation Twist". No matter. The discussion is more about where we go from here and the important work that Gonzalo does at his sites, and Enjoy.

p.s. I was able to fix the feedback problem but we did experience a little audio trouble this week. I should have anticipated a little audio lag in the connection between Gonzalo in Chile and my location in Anytown, USA. Oops. Not too big of a problem but occasionally noticeable and for that I apologize. TF

About the Author

turd [at] tfmetalsreport [dot] com ()


Sep 24, 2011 - 11:30am

Thanks T

Thanks for what you do TF!

Alex Costa
Sep 24, 2011 - 11:32am


Second, but my first ever comment.

Urban Roman
Sep 24, 2011 - 11:46am

Doctor Copper

Listening now.

Gonzalo reminds us that copper warned us ... it seems Dr. Copper was right again!

Sep 24, 2011 - 11:47am

We will restructure, become stronger/Fed.'s survival instincts

Russia May Lend $3.4 Billion to Cyprus as Fiscal Woes Mount Q

By Scott Rose and Stelios Orphanides - Sep 23, 2011 12:19 PM ETFri Sep 23 16:19:52 GMT 2011

Russia may lend as much as 2.5 billion euros ($3.4 billion) to Cyprus by the end of the year as the eastern Mediterranean island seeks cheaper funding amid surging borrowing costs.

“We’ll probably reach a final agreement only by the end of the year, no sooner,” Russian Deputy Finance Minister Sergei Storchak told reporters late yesterday in Washington.

The amount will depend on the country’s needs, he said..


DPH: To myself, the story above is somewhat irrelevant. The real story is the fact that Russia defaulted on it's debts about two decades ago (longer?) and is now in a position of strength and ctually loaning money out and dictating terms.

I realize that the Russian Ruble was never, and will never be, the reserve currency that the USD still is. But what it goes to show imho, is that a default by the US will not be the end of the world. Just look at what Russia has been able to do since it shed it's liabilities and consolidated it's position financially. I'm not advocating for a U.S. default but I do think the U.S. Pols. and the Fed. believe they can reorganize and restructure by moving the balance sheet around so that the revenue and liabilities don't look as bad to the rest of the world as it really is.

The one thing I've noticed since 2007/2008 is that no one on Wall St. or D.C. has a problem with changing the financial accounting standards to suit their needs. When I continually hear our Pols. and Fed. state that it is not possible for the U.S. to default due to the Reserve Status and the printing press etc. it tells me that they will try the largest accounting "restructuring" in the history of the world at some point while never, ever showing anyone the Fed.'s real balance sheet.

After witnessing what just happened over the past fews days, and now just fully realizing the power and scope of the Fed. and their willingness to do "whatever it takes" to survive and manipulate the entire planet, I'm left with one thought for the most part.

They created the system, they have perfected the system and they will use their system anyway they seem fit whenever it needs to be used for their purposes and no one else's. Period

The Fed. is the system.

They own the system and they realize no one can do anything about it short of a major military confrontation that I don't think any major nation wants. Raising the USD as the worlds currency flag after WWII and demonstrating to the world that we will do whatever is necessary to win (Atomic bombs) left a indelible mark on the psyche of the world that we can pull anything off and that we are unpredictable by nature and basically cut throat in all matters militarily and financially. They would be correct.

Are we not witnessing the same thing today sans the nuclear weapons, so far? The power of the Fed/USD and the ingrained thought of what we will do to certain countries/regions is something those of us here in North America can't even imagine. The rest of the world realizes it. I'm not just talking military actions. The financial warfare going in many places (Libya also) can't be denied.

The Fed. realizes their powers and is feeling strong to this day. Is there any doubt remaining?

(I realize many of you can't stand the U.S. and it's tactical advantages and I'm not chest thumping. I'm stating what I believe to be the truth about what the Fed. and U.S. are capable of and have done in the past in order for the future to be mostly unchallenged in many ways. It seems to have worked and it shows no sign of weakening appreciably in the near future)

Sep 24, 2011 - 11:50am

Thanks TF!

Dropped a few FRNs in your tip jar,

I visit the site regularly so I can justify supporting the platform,

Thank you for YOUR time TF invested in educating others!

Sep 24, 2011 - 12:05pm

help with podcast

for anyone out there for some reason I can only receive about 1 min of the podcast am I doing something wrong?


Sep 24, 2011 - 12:11pm


I jotted down a summary of GSR on the last thread here;

Hard Rain
Sep 24, 2011 - 12:34pm

Do you guys rest?

You guys have stamina for the incessant postings and for keeping this site going! I applaud you!

I am primarily a stacker, looking at a long term time line - over 20 years.

So, I sympathize with you guys for what you are going through with the blatant manipulation. Do you really think that the margin hikes weren't pre-planned and leaked- before the G-20 and IMF meetings?

Of course they were, to their partners in crime.

I take solace in the face that premiums have gone up even more. This is the number one indicator of the disconnect between paper and physical(imo).

As a stacker, my value in fiat when I do a mathematical conversion is down. HOWEVER, MY NUMBER OF OZS HAVE STAYED THE SAME.

And this is how I have chosen and will continue to choose to measure my preparation.

Do you think the Indian and Chinese care what the margins are? No.

They are more than 50% of global demand. They are loving this takedown.

And so should anyone here interested in preparation and financial protection for what is inevitable.

Dollar cost average and keep stacking. That's my motto.


Hard Rain
Sep 24, 2011 - 12:43pm

Question on Margins?

Just curious:

With the raising of margins (criminally and leaked), do you think there will be margin calls that will further drive down prices on Monday?

Thoughts anyone?

I have quite a bit of dry powder and I am trying to determine when to deploy (phyzz only).


Sep 24, 2011 - 12:49pm

It's just Kills ME!

It's like turning on the Weather Channel and seeing a HUGE hurricane coming.

This hurricane.......let's call it Hurricane Keynes, is so BIG it's going to cover the entire nation. No home will be spared.

And all of a sudden......BAM! Your home owners insurance rates just went down 25%

AWESOME! Let's see how long that lasts. Keep stacking.

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

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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

Key Economic Events Week of 1/6

1/7 8:30 ET US trade deficit
1/7 10:00 ET ISM Services PMI
1/7 10:00 ET Factory Orders
1/8 8:15 ET ADP employment
1/9 8:00 ET Goon Chlamydia speech
1/9 1:20 ET Goon Evans 2:00 ET Goon Bullard
1/10 8:30 ET BLSBS
1/10 10:00 ET Wholesale Inventories

Key Economic Events Week of 12/16

12/16 8:30 ET Empire State Manu Idx
12/16 9:45 ET Markit flash PMIs Dec
12/17 8:30 ET Housing Starts and Bldg Perms
12/17 9:15 ET Cap Ute and Ind Prod
12/19 8:30 ET Philly Fed
12/20 8:30 ET Final guess Q3 GDP
12/20 10:00 ET Pers Inc and Spending
12/20 10:00 ET Core Inflation

Key Economic Events Week of 12/9

12/10 8:30 ET Productivity and Unit Labor Costs
12/11 8:30 ET CPI
12/11 2:00 pm ET FOMC fedlines
12/11 2:30 pm ET CGP presser
12/12 8:30 ET PPI
12/13 8:30 ET Retail Sales
12/13 10:00 ET Business Inventories
12/13 11:00 ET Goon Williams speech

Key Economic Events Week of 12/2

12/2 9:45 ET Markit Manu PMI
12/2 10:00 ET ISM Manu PMI
12/2 10:00 ET Construction Spending
12/4 9:45 ET Markit Services PMI
12/4 10:00 ET ISM Services PMI
12/5 8:30 ET Trade Deficit
12/5 10:00 ET Factory Orders
12/6 8:30 ET BLSBS
12/6 10:00 ET Wholesale Inventories

Key Economic Events Week of 11/25

11/25 8:30 ET Chicago Fed Nat'l Idx
11/25 7:00 pm ET CGP speech
11/26 8:30 ET Advance Trade
11/26 9:00 ET Case-Shiller home prices
11/26 10:00 ET New home sales
11/26 10:00 ET Consumer Confidence
11/27 8:30 ET Q3 GDP 2nd guess
11/27 8:30 ET Durable Goods
11/27 9:45 ET Chicago PMI
11/27 10:00 ET Pers Inc & Cons Spndg
11/27 10:00 ET Core inflation
11/27 2:00 pm ET Beige Book

Key Economic Events Week of 11/18

11/19 8:30 ET Housing Starts & Bldg Perms
11/20 2:00 ET October FOMC minutes
11/21 8:30 ET Philly Fed
11/21 10:00 ET Existing Home Sales
11/22 9:45 ET Markit November Flash PMIs

Key Economic Events Week of 11/11

11/12 Three Fed Goon speeches
11/13 8:30 ET CPI
11/13 11:00 ET CGP on Capitol Hill
11/14 8:30 ET PPI
11/14 Four Fed Goon speeches
11/14 10:00 ET CGP on Capitol Hill
11/15 8:30 ET Retail Sales
11/15 8:30 ET Empire State Manu Index
11/15 9:15 ET Cap Ute and Ind Prod
11/15 10:00 ET Business Inventories

Key Economic Events Week of 11/4

11/4 10:00 ET Factory Orders
11/5 9:45 ET Markit Services PMI
11/5 10:00 ET ISM Services PMI
11/6 8:30 ET Productivity & Labor Costs
11/6 Speeches by Goons Williams, Harker and Evans
11/8 10:00 ET Consumer Sentiment
11/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 10/28

10/30 8:30 ET Q3 GDP first guess
10/30 2:00 ET FOMC fedlines
10/30 2:30 ET CGP presser
10/31 8:30 ET Personal Income & Spending
10/31 8:30 ET Core Inflation
10/31 9:45 ET Chicago PMI
11/1 8:30 ET BLSBS
11/1 9:45 ET Markit Manu PMI
1/1 10:00 ET ISM Manu PMI

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