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

What If Piano Racer
Sep 30, 2011 - 5:04pm

Sliver Eagle At Spot

Hey Piano Racer thanks for the heads up on the Silver Eagle got 2 with different e-mails. We'll see if both arrive at the house.

pourty
Sep 30, 2011 - 5:06pm

Winners and Losers...

I pulled these predictions from one of CPN's posts earlier this month and put it on my calendar:

Pierre Lasonde - Gold 2000 for Sept and miners up good - PENDING Lindsey Williams - Au/Ag up 25% (Sep-Dec) - ALREADY DONE FOR WHEN HE MADE PREDICTION TF - 44 Ag by Labor Day - BRIEFLY TOUCHED IN AUG Bob Chapman - Gold 2000 Early Fall - PENDING James Turk - made 2 predictions 1) Silver to Hurdle above 50 in Sept, then 2) Silver has 50/50 chance to get above 50 - PENDING Franklin Saunders - New highs for Au/Ag in Sept. When he wrote this, the targets would have been 1920/44 - PENDING Looks like Pierre Lasonde got taken down by the EE. Lindsey was right before he was wrong (and still may be proven correct later on), Turd's prediction panned out, albeit very short-lived. Turk looks washed up here, while Chapman still has some time to recover (but not much, guess it depends on what you mean by "early" fall?). lastly, Saunders was half right, we did see new highs for Au in September (again, briefly), sadly silver is not going so well. Ah well, on to next month ;-)
ivars J Y
Sep 30, 2011 - 5:07pm

@JY896

Well, in tough times when slaves have to be mobilized to the ultimate level, communism gets very ideological and it very important that it does as it brings out the worst from people that helps to establish ultimate control , fear, denunciation, all in the name of "god"-ideology and its leader.

In todays world, think North Korea. It still works like that inside. China as a whole can become ideologically rigid to the ultimate degree- it takes to kill some tens of millions before full implementation- but think cultural revolution as the latest example.

Russia- currently they LACK ideology (church is now quite important, though) , which is not good if times get tough ( may be the need for tzar is one of the deepest assumptions masses hold even today)- but what they will come up is difficult to judge. I would bet on fascism (called differently, of course) - as I said, its only one step away from communism, so no big change, really. Putin as friend of masses against internal and external enemies plus a system of control and fear. We will see quite soon, I guess.

cpnscarlet SilverWealth
Sep 30, 2011 - 5:08pm

@Silver Wealth - Come on,

@Silver Wealth - Come on, it's a flippin' movie! Besides, it was a metaphor for the anti-communist fear in America at the time. And I'm all for anti-commie fear. It keeps me alert at night.

¤
Sep 30, 2011 - 5:09pm
FriedEggs
Sep 30, 2011 - 5:10pm

'They'

are in control of both sides! Police, religion, army, navy, corporations, medical, political...etc...

.

Why? - to dictate/control the outcome of course.

.

Leaders and people of great power/importance - are NOT elected - they are born.

Any person that stands a chance at being elected FOR PRESIDENCY - is in 'there' hands - they have to be...

.

Why? - So they can control/dictate the outcome...

.

Fried(e)... any guy that shook my hand with a limp wrist like that^ - i would either laugh at or be very worried.

Shill
Sep 30, 2011 - 5:10pm

Evening Turds. Well I managed

Evening Turds. Well I managed to squeeze out some Coffee money from my SPY put, I'll hold it long.

SLV, well lets put it this way, if one was to compare it too a monthly Period;

This couldn't contain the flow:

Its more like this

But good things are coming, I am sure of it.

Patients.

Economical Disaster
Sep 30, 2011 - 5:12pm

@henateme

I had these trolls on my former blog for YEARS! Read my previous link very CAREFULLY. I was notified this entity years ago. Did some research on their IP address, location, number of times they posted and came to the conclusion that these are GOVERNMENT hired trolls.

The truth shall not be known by the CITIZENS..its not allowable.

redwood
Sep 30, 2011 - 5:13pm

Shill, with all due respect,

Shill, with all due respect, patients are people, patience is a virtue, and right now a damn necessity.

GoldMania3000
Sep 30, 2011 - 5:13pm

Are we going lower or

Are we going lower or higher. What is the short term trend. Will will have another 2008 which will take the metals lower. or will we have QE 3 soon. who, what where, does anyone really know. and can anyone predict the next installment of fun. Lot's of people called the ups and no one called the downs" maybe some folks that im not aware of, but all i can say is we don't know. Expect the unexpected. Everyone was high when up we were..but you never never know what's around the corner. Let's regroup and take a look at the longer term trend

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