Of Revolution and Revolutionaries

854
173
Fri, Sep 30, 2011 - 11:29am

Thanks, everyone, for the "day off" yesterday. I needed to step away and clear my head. A little fresh air always helps the cause. It's Friday. I'm back. And there are a few things we need to discuss.

First of all, the markets in general. I can't find a single one I like. The "dots" of impending collapse are everywhere. The challenge is to try to connect them...or at least connect them in a reasonably accurate manner that allows you to move with confidence. In the end, though the global central banks seem to have unlimited fiat with which to prop them up, worldwide equity markets look as if they are perilously close to outright collapse. And don't ever forget the ultimate, short-term benefit that would befall the U.S. should this occur, first eloquently brought to our attention by the great Tyler Durden nearly two years ago:

https://www.istockanalyst.com/article/viewarticle/articleid/3739425

As this pertains to the PMs, traders should exercise supreme caution here. As you can see on the charts below, a breakdown today could foreshadow even more weakness next week. As I mentioned Wednesday evening, given the unprecedented level of C/C/C manipulation we've seen, I doubt they're done. Lots of moving averages out there that might provide support levels but I'm sticking with my ruler and sharpie and they continue to show possible bottoms near $24 and $1480. Again, if you must trade, please be cautious.

Lastly, I've noticed that, nearly every day, discussion increases here regarding the ongoing protests in New York. Many here are very passionate about the dangerous and tenuous position in which the current system of crony capitalism and banker oligarchy has left us. Fine. Me, too. However, I do not feel that Marxism and Marxism-lite (socialism) is the answer.

Perhaps one or two of our NY-based turdites could venture down toward lower Manhattan tomorrow to ask a few questions of these peace-loving youths so many seem to idolize. Let's start with:

1) What is the Federal Reserve, what is it's function, when was it created and what policy are they currently following that is so ruinous to the life savings and purchasing power of the average citizen?

2) What is a Credit Default Swap and what role did it play in the 2008 financial crisis?

3) In hindsight the repeal of the Glass-Steagall Act in 1999 was not a very good idea. What was the Glass-Steagall Act and why was it important?

4) Going forward, which type of leader do you prefer? George Washington or Vladimir Lenin? Martin Luther King or Che Guevara?

I'm not going to wait for the answers. Why should I when I already have evidence like this:

Cornel West's Closing Remarks at Speach at Liberty Plaza in NYC

Is this an intelligent, thoughtful group which seeks reform within the current capitalist system that has defined America for 235 years OR is this simply a group of mind-numbed, "useful idiots" blindly repeating the mantras of a marxist revolutionary? You decide.

Clearly, in managing the situation, some police officers have over-reacted. This is always disheartening. Given the mayhem that has accompanied similar anti-capitalism "protests" in cities such as Seattle and Toronto, it would seem that the NYPD is not looking to be overly-friendly. This does not mean, however, that our mantra is "F the Police". If you think that the police are the enemy, then I must ask you two questions:

1) The next time you are in trouble....from a home invasion, a simple assault or a car accident...who will you call? Maybe you can take of yourself just fine but who will your spouse call if you're not around? How about your daughter? How about your mother? Who will they call?

2) And how did you feel about the police on 9/12/01? Were you proud of them or did you go around yelling "F the police"? Then ask yourself: What has changed? Have the police changed or have I changed? Your honest answer to that question needs to be considered.

Ok, time to conclude this post. Please understand, I know that the current system is unsustainable and must be changed. I am not, however, throwing in my lot with this first batch of "protesters". Marxist revolutions only lead to tyranny and mass graves and I won't be a party to it. Instead, we need a revolution of personal freedom and responsibility. We must reclaim representative democracy and free enterprise. When that movement finally takes to the streets, count me in. To that movement only, I will happily pledge my life, my fortune and my sacred honor. TF

p.s. Given the "controversial" nature of this post, the comments sections will be closely monitored. All views and opinions are welcome but anyone not observing TurdWorld Rule #1 (treat others the way you want to be treated) will likely see their comments deleted. We need more peace and less hate in this world and I will not allow this site to promote anger and hostility. We are all on the same team here and we need to work together if we are going to survive the turbulence ahead.

About the Author

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turd [at] tfmetalsreport [dot] com ()

  854 Comments

Tyler
Sep 30, 2011 - 2:09pm

Excuse me - glass steagall

not steven seagal haha

rahul
Sep 30, 2011 - 2:09pm

Silver’s set for a big monthly loss, but a rally may be coming

“Gold over the coming years will be out of reach for the common man and silver will be the affordable way of owning bullion,”..

https://blogs.marketwatch.com/thetell/2011/09/30/silver%e2%80%99s-set-fo...

Stephanie C
Sep 30, 2011 - 2:10pm

Well said, Steph.

Thank you.

Shill
Sep 30, 2011 - 2:11pm
Phantom
Sep 30, 2011 - 2:16pm

@exiledbear

Truthfully, I'm not sure they could ever get a permit to protest in that area. And if they were to just spuriously turn up to occupy that zone of power, the abuse you see on the news would be many many times worse. That's probably the reason they're downtown next to the sign that says WALL STREET.

Phantom

Shill
Sep 30, 2011 - 2:16pm

2:09p BREAKING Gold settles

  1. 2:09p

    BREAKING

    Gold settles 0.3% higher at $1,622.30 an ounce

Endzeit bensgone
Sep 30, 2011 - 2:20pm

@benroberts13

There are only those forms of governments where, either the power is centralized or the power is distributed among the people.

I'm missing a form. Where is the form of governments, who seem their power being distributed among the people?

People are talking about things, use words like Marxism, Fascism, Socialism, Capitalism, Democracy but do not know, that the system in the western world is something completely different. It is a PLUTOCRACY. And it always has been. In a Plutocracy the power is in the hands of the hidden forces of money, while the whole political system is more or less a scam. A theatre for the stupid masses, where the politicians are the actors. And the powers behind the scenes play on ALL sides of the political spectrum.

So how can someone expect from the masses a solution to a problem, if the masses can't even recognize what the problem is, because they don't even understand what political system rules them?

One of the big problems especially US-Americans have and what they don't seem to grasp: they believe Democracy was real and was working. But there never ever existed anytime in history a Democracy. It's are nothing but lies what they tell about ancient greece being a Democracy. And also the history of the USA shows, that it never was a Democracy. It's simpy a scam. A vision that never existed. Anywhere. But the perfect political system for the powers of money. Plutocracy.

You are believing in a Fata Morgana.

Shill
Sep 30, 2011 - 2:21pm

SLV tracking the SPY almost

SLV tracking the SPY almost perfectly.

redwood
Sep 30, 2011 - 2:25pm

Silver Wealth

I've only been on this blog for a couple of months and find that many of your posts are thought-provoking on many levels. I'm only going to address the markets for today. Perhaps you've already mentioned here, but if you have indulge me. Where do you see the metals going forward, and perhaps more importantly the general market? Thanks in advance.

bensgone Trader
Sep 30, 2011 - 2:25pm

Responding to traders ad hominem attack

trader said;

"you playing the 9/11 trumpet at will?"

I don't have a clue what you mean by this statement. You should have elaborated on this one. It is very unclear what a 911 trumpet is in your mind. 911 means many different things to different people. That is a highly controversial subject and is a hot button emotionally charged issue. Your failing to specify calls into questions your motives.

"the zombie-like, cult-like following you have amassed here"

This is about as far from reality as you can get when describing this forum. This really causes one to wonder about your motives, but your very mental health and perception too. If you were to be banned, it would be because of this very offensive ad hominem attack. This is name calling and trolling in its finest form. This comment is extremely insulting to every member of this forum including Turd.

This has to be one of the most bizarre, disconnected from reality, and cognitive dissonant comments that I have ever seen on this forum. What in hell does Turd posting his trading positions have to do with "controlled opposition dialogues"? Do you think Turd had any idea that those massive takedowns were going to occur? What does this have to do with cult? Maybe I am just too much of a "Zombie" to understand this very abstract esoteric extremely complex rhetoric. Please someone, explain this to me. We are on totally different planets.

The URL for this extremely strange surreal post is below.

https://www.tfmetalsreport.com/comment/37898#comment-37898

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