Untitled

303
Thu, Jan 5, 2012 - 10:31am

In a move that should have come as no surprise to anyone around here, gold and silver were both poached overnight in London. Gold had reached 1625 so it had to be put down. And so it was.

Then, the Always Dumb & Pandering (ADP) Report came out at 8:30 and showed an increase in payrolls for December of 325,000. Below is an approximation of my reaction when I read that headline:

Baby Laughing Hysterically at Ripping Paper (Original)

At any rate, the damage has been done and now the metals must search for support levels from which to bounce. Let's hope we find some support near the lines I've drawn below:

Again, I just don't get the feeling that we've seen the true bottom yet. We might have but, even if we haven't, I know we are close. I just have this gut intuition that The Cartel isn't quite ready yet to take their collective foot of off the necks of the remaining specs. Let's keep watching the OI in gold and the CoT in silver. We'll find our clues there. Until I feel the bottom is in, gold risks a drop back toward the lows of last week and silver could still fall toward 25-26. If looking to trade or buy, be patient.

Just a couple of other items. My brother-in-law sent me the link below. I think you'll find it interesting and, frankly, quite sad:

https://goldsilver.com/news/34-shocking-facts-about-u-s-debt-that-should-set-america-on-fire-with-anger/

While on that goldsilver page, I found this video. Maybe it will cheer you up. Not that the content is pleasant but it is presented in an amusing fashion:

DEBT LIMIT - A GUIDE TO AMERICAN FEDERAL DEBT MADE EASY.

Lastly, another article from the oldie-but-goody file. This one is from January 2009 yet it is certainly still relevant today:

https://www.marketskeptics.com/2009/01/feds-interferance-with-gold-and-markets.html

OK, that's all for now. As I research and read, I am becoming increasingly optimistic of a big, huge year in the metals, particularly silver. When the time comes and my confidence has increased enough, I will post all of my thoughts in detail. Until then, keep the faith.

TF

About the Author

Founder
turd [at] tfmetalsreport [dot] com ()

  303 Comments

Smiddywesson TF
Jan 5, 2012 - 4:03pm

Turd's call

Again, I feel that a lot of the dropping OI is Cartel short-covering.

If Turd's right on this, then the only way the Cartel can keep PM prices in line as they gracefully cover their shorts is to let the equity market as a whole drop. We'll see if the Fed allows that or not. As I said, I think End Game involves a surprise devaluation, and that event will be preceded by much lower prices in the equity markets as TPTB pick up bargains. I guessed it would come before May, but maybe it's almost here.

Smiddywesson RaRaRasputin
Jan 5, 2012 - 4:14pm

@rara

Anyone who missed that speech Rara put up better scrutinize it. It's the blueprint for the near future. One small point:

"The devaluation and the rapid increase in money supply it permitted ended the U.S. deflation remarkably quickly"

- Helicopter Ben Bernanke, 11/21/2001

Notice he said the real printing begins after the devaluation. If you devalue by 50%, doesn't that mean you double the money supply? We haven't seen anything yet, but we will.

Dr G
Jan 5, 2012 - 4:14pm
Mammoth Marblesonac
Jan 5, 2012 - 4:18pm

Marblesonac

"Why do you like fractional gold over one ounce silver?
The current gold/silver ratio would indicate buying silver coins would be better, not to mention the high mark-ups on the fractional coins
."

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Good question! Fractional gold is something which I do not yet hold. Junk silver, generic rounds, ASE's, and some 1-oz gold is already in the mix. Always good to have variety, right?

Better to not put all of one's eggs (i.e. PM's) in one basket, so rounding out one's investments includes having some arable land, perhaps some rental property, AND learned skills which can not be taken away - carpentry, gardening, raising livestock.

Tyler
Jan 5, 2012 - 4:19pm

@KLI, Fried

what is it about silver that you think they don't like? not solar enough?

Bay of Pigs
Jan 5, 2012 - 4:20pm

Debt ceiling reached

again. Should we bash ZH as they are the only ones on this story that I can find?

https://www.zerohedge.com/news/here-we-go-again-us-25-million-away-debt-ceiling

Be Prepared
Jan 5, 2012 - 4:27pm

@Tyler - They don't like Silver

because they don't actually hold all of it in their vaulta..... too much silver is already in general circulation and they don't want anything that can compete with their control over a Fiat System. If they could move us all to digits right now.... they would because then there would be no avenue for escape from their system. Silver, as wild and as volatile as it is, is Constutional money and it is still within reach of the people. Things could turn against the EE if enough people pushed for silver to be re-monetized. Just my thoughts.

Tyler
Jan 5, 2012 - 4:37pm

@Be Prepared

They have unlimited money so I'm sure they could/can purchase as much silver as they want. They are also smart enough to know that it has been used as money in the past, that demand would grow, and that supply is limited.

I'm looking for something more occult...

FriedEggs
Jan 5, 2012 - 4:40pm

I thought i was

drawing a bit thin with the comparison that 'they' love Silver just AS much as Gold. Gold is always first.

.

However, I still do think though that 'they' like it and find it (Silver) important enough. Silver's history throughout the ages gives support to that statement...and

Its still precious.

.

Fried(e)

OveSentlig
Jan 5, 2012 - 4:44pm

Jan 5, 2012 - 4:46pm

Watch for New Housing Refinance Programs, etc.

Checked out zerohedge, found this:

https://www.zerohedge.com/news/bofa-stock-soaring-year-date-outlier-why

This article referenced the Bernanke's White Paper, just put out yesterday. The link is here:

https://www.federalreserve.gov/publications/other-reports/files/housing-white-paper-20120104.pdf

Some time last year, DPH and I got into a detailed discussion of possible solutions to the housing crisis. DPH suggested that the fed govt would get into the business of renting single family homes. I heartily agreed, and suggested that the natural solution that the central planners would come up with would be, naturally, more central planning.

As I write this, other commentators have jumped on the white paper and speculated about new programs being considered, which will coincidentally be launched this spring, just in time for Obama's election campaign to take credit for a massive taxpayer giveaway. One such commentary is here:

https://blog.american.com/2012/01/january-surprise-is-obama-preparing-a-trillion-dollar-mass-refinancing-of-mortgages/

My take on this has not changed, but has indeed, strengthened.

In reading the white paper, the hair on the back of my neck stood up in fright. Let me lay out some thoughts.

Bernanke’s whole premise is that central-planning can fix the problems in housing, rather than letting the market provide the solution. The market solution is simple: housing prices need to correct lower to historically viable levels [three times median income], while banks/investors who issued the loans need to take their losses, no matter if it results in insolvencies or bank failures. The system needs to clear out the bad debt, simple as that. Anyhow, here is some detail, and my comments. All quotes are from Bernanke’s white paper. “At the same time, there is scope for policymakers to take action along three dimensions that could ease some of the pressures afflicting the housing market. In particular, policies could be considered that would help moderate the inflow of properties into the large inventory of unsold homes, remove some of the obstacles preventing creditworthy borrowers from accessing mortgage credit, and limit the number of homeowners who find themselves pushed into an inefficient and overburdened foreclosure pipeline. Some steps already being taken or proposed in these areas will be discussed below.” Bernanke is telling Congress what to do, in three ways; I have translated his wonkish words: (1) Moderate the inflow of properties into the large inventory of unsold homes = massive govt refinance program which lowers rates, extends payment durations and terms, turning home-debtors into life-long debt slaves. Also, look for new rules about recourse-non-recourse, and some buried provision making the loan not dischargeable in bankruptcy. Stupid home-debtors will jump at the chance to lower their rates, only to be unaware that the new loan is recourse and that they can never, ever, ever, get rid of the debt! This makes the loan perpetual, watch and see. “An alternative to large-scale principal reduction for addressing the barriers that negative equity poses for mortgage refinancing and home sales could involve aggressively facilitating refinancing for underwater borrowers who are current on their loans, expanding loan modifications for borrowers who are struggling with their payments, and providing a streamlined exit from homeownership for borrowers who want to sell their homes, such as an expanded deedin-lieu-of-foreclosure program (described later). This approach focuses on reducing payments rather than reducing principal per se, and could be more effective at keeping committed borrowers in their homes if affordability is the prime consideration driving default.” Debt slaves forever, hooray! Also, it could also mean that banks/servicers will be given new incentives to avoid foreclosure, which incentives do not exist now because servicers make more money by foreclosing that doing a loan modification for a defaulted borrower. (2) Remove some of the obstacles preventing creditworthy borrowers from accessing mortgage credit = govt subsidized loan programs for those voters, err, homedebtors in swing states which can help Obummer get reelected. I am troubled by the constant reference to “creditworthy borrowers” throughout the white paper. Just who decides who is “creditworthy?” More central planning for sure, is my take on this. Look for a brand new govt agency who will dispense money for those deemed worthy. This will be an executive branch decision, for sure. (3) Limit the number of homeowners who find themselves pushed into an inefficient and overburdened foreclosure pipeline = more of same, see above. Here are some more quotes I have real problems with: “We caution, however, that although policy action in these areas could facilitate the recovery of the housing market, economic losses will remain, and these losses must ultimately be allocated among homeowners, lenders, guarantors, investors, and taxpayers.” Finally, some honesty. No matter what the central planners do, there will still be economic losses. This is an admission of failure of earlier centrally-planned policies, no? But here is where my blood boils: “economic losses . . . must ultimately be allocated among [others, including] taxpayers? I cry foul. What did I do to cause me to have to bear the economic losses of my dumb neighbor who purchased an overpriced home at the height of the bubble, while I prudently rented, and lived within my means? Why should I have to bear his losses, for choices that he made? Bernanke has once again confirmed his socialistic, central-planning agenda. Note that Bernanke does not say that the Fed will bear losses on any of its worthless MBS paper that it took from TBTF banks. The system, that is, capitalism, provides a ready solution: the economic losses should fall upon those who took the risks, for they stood to gain the rewards. The losses should not fall upon those who neither took risks, nor who stood to gain. Once again, the moral hazard of central planning comes to the surface. Here comes the govt again, to “help” us all. “The data cited earlier suggest that a government-facilitated REO-to-rental program has the potential to help the housing market and improve loss recoveries on REO portfolios.” So now, we have centrally-planned rental units for families. Great! FEMA camps, or govt housing, choose one. And, guess who will get to be the landlords under this new scheme? That’s right, the TBTF banks themselves: “Generally, banking organizations are not permitted to engage in real estate ownership or property management, and supervisory policy typically encourages banking organizations to dispose of REO property as early as practicable . . . . [P]olicymakers might want to consider the merits of allowing or facilitating the rental of properties by REO holders themselves.” Unbelievable, really. Would it be the same banks that Bernanke acknowledges were actively breaking the law: “A 2010 interagency investigation of the foreclosure processes at servicers, collectively accounting for more than two-thirds of the nation’s servicing activity, uncovered critical weaknesses at all institutions examined, resulting in unsafe and unsound practices and violations of federal and state laws.” [The citation is here: Federal Reserve System, Office of the Comptroller of the Currency, and Office of Thrift Supervision (2011), Interagency Review of Foreclosure Policies and Practices, report (Washington: Board of Governors of the Federal Reserve System, April), www.federalreserve.gov/boarddocs/rptcongress/interagency_review_foreclos.... Note that Bernanke buried this critical piece of information at pages 22-23, and footnote 40. Finally, yet another centrally-planned “solution”: “A final potential area for improvement in mortgage servicing would involve creating an online registry of liens. . . . Requiring all holders of loans backed by residential real estate to register with a national lien registry . . . would allow regulators, policymakers, and market participants to construct a more comprehensive picture of housing debt.” Bernanke utterly rejects state’s rights on this point. This also conveniently allows for the initiation of federal property rights. See, it is always marginal. They never outright revise the entire system overnight. It is always done incrementally, slowly, until the whole system is changed. Look at Bernanke’s conclusion, and how he tries to rationalize central planning because he says it will help current homeowners: “Thus, the challenge for policymakers is to find ways to help reconcile the existing size and mix of the housing stock and the current environment for housing finance. Fundamentally, such measures involve adapting the existing housing stock to the prevailing tight mortgage lending conditions--for example, devising policies that could help facilitate the conversion of foreclosed properties to rental properties--or supporting a housing finance regime that is less restrictive than today’s, while steering clear of the lax standards that emerged during the last decade. Absent any policies to help bridge this gap, the adjustment process will take longer and incur more deadweight losses, pushing house prices lower and thereby prolonging the downward pressure on the wealth of current homeowners and the resultant drag on the economy at large. In addition, reducing the deadweight losses from foreclosures, which compound the losses that households and creditors already bear and result in further downward pressure on house prices, would provide further support to the housing market as well as provide assistance to struggling homeowners.” Now that I am done gagging, let me make this point clearly. Bernanke tries to justify his centrally-planned “solutions” by arguing that current homeowners benefit by keeping home prices higher than market forces would bear. But, how would Bernanke’s policies provide “further support to the housing market?” What about prospective homeowners who want to buy homes, but cannot because home prices are historically overpriced relative to median income? Would it not be better for the economy if many new home buyers actually did purchase a home? Didn’t that stimulate the economy for a decade, with all the capital goods purchases, like new washing machines, dryers, etc? Did that not create demand for new housing, which allowed many new businesses to flourish? So, why is it now suddenly the focus to keep home prices high? Bernanke is choosing one group over another. Bernanke is saying that current homeowners, who are living in artificially inflated homes, should be helped by central planning, so that they will not suffer loss of equity, foreclosure, etc. Bernanke should have just come out and said that falling home prices hurt TBTF banks, so all efforts will be made to artificially prop up housing prices in order to keep the big banks from going bust. So, let there be no mistake about it. Bernanke is speaking for his masters, and there is no doubt that there will be new laws on this in no time.
FriedEggs
Jan 5, 2012 - 4:47pm

Quick Silver Fact

The first Olympic Games - Gold wasn't awarded as a 1st place medal... Silver was.

.

When the modern Olympic Games began in 1896 medals started to be given to successful competitors. However, gold medals were not awarded at the inaugural Olympics in 1896 in Athens, Greece.[3] The winners were instead given a silver medal and an olive branch, while runners-up received a bronze medal and a laurel branch. The custom of the sequence of gold, silver, and bronze for the first three places dates from the 1904 Summer Olympics in St. Louis, Missouri in the United States.

https://en.wikipedia.org/wiki/Olympic_medals

.

Fried(e)

Drifter
Jan 5, 2012 - 4:50pm

@ OveSentlig

what's your take on that?

compare the rampup with the movement back in the spring when silver was roaring

kliguy38
Jan 5, 2012 - 4:51pm

Love Silver tyler

No Love......silver is consumed in industry but of course they own it since they own many of the largest gold miners and silver is a byproduct. They view silver as a threat to their fiat as CONfidence is the ONLY thing backing fiat (other than the US military). Silver IS a bit more of a wild card than gold.....but the gold headline is what provides the "threat" to fiat. Silver accumulation threatens them in other ways since silver is vital to many of the industries they control and its price needs to be maintained...my day is done...time for golf ...enjoy gl

single6
Jan 5, 2012 - 4:52pm

Mitt neck and neck with Obama......See drudge

Great mitt......good job you cant even beat the worst president in history? Tells me more about the anemic mitt than anything else

Smiddywesson Be Prepared
Jan 5, 2012 - 4:54pm

gold and silver

Agreed. Although silver will ramp to the moon when they take their thumb off the scale, and then keep right on ramping because of fundamentals, I think TPTB don't want it as part of the monetary scheme because of the fundamentals. They can't ramp silver to $10,000 an ounce when it's good for them and not ruin droves of different industries. They can do whatever they want with gold. They could run it up to $100k if they wanted and it wouldn't cause too much hardship on industry. The other factor is the debt slaves have silver, they don't have much gold at all. They don't want to set up a monetary system and then have that system flooded with granny's melted tableware. That would undermine the value of the silver in their vaults, so they are stacking gold, not silver. (Would I bet that some nations will set up some sort of bi-metalic system within the system? Yeah, I'd take that bet. China or Mexico comes to mind.)

The beauty of it is it doesn't matter if I am right or if I am wrong, silver is going to go up in price no matter what.

ewc58
Jan 5, 2012 - 4:59pm

Terrorizing Gold Buyers?

https://numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=24566

On Dec. 31, 2011, President Barack Obama signed the National Defense Authorization Act into law. Most of this law deals with annual military appropriations. However, Sections 1031-1033 deal with the repeal of American citizens’ rights under the 4th Amendment to the U.S. Constitution.

I could have put a more shocking headline that read something like President Obama declares martial law in the U.S., but I chose the more moderate one used as the headline by the American Civil Liberties Union news release about this development (link is https://www.aclu.org/blog/national-security/president-obama-signs-indefinite-detention-law).

Under provisions of this law, the U.S. military is authorized to seize anyone (including Americans) anywhere in the world (including in the United States) and detain them indefinitely without being charged and without being put on trial under the pretext that the person might be a threat to the security of the United States or any of its “partner nations.” Theoretically, that could even mean that readers and the author of this particular column could now be arrested and held without trial because this essay does not approve of the provisions of Section 1031-1033 of the NDAA.

The political maneuvering in Washington to get this provision into law shows politicians at their worst behavior. Sen. Carl Levin, D-Mich., is the main sponsor of the bill as he was chair of the committee that considered the bill in that chamber. The original bill did not contain the provisions repealing rights under the 4th Amendment. However, Sen. Levin has publicly stated for the record, as have multiple other senators, that the provisions were added because a communication received from the White House insisted that they be added – under the threat that President Obama would veto the entire bill if these provisions were not added.

After the bill passed the U.S. Senate with near unanimous support, there was some public outcry. The White House stated that Obama would not sign the bill unless these provisions were removed. Yet, when signing the bill containing these offensive provisions into law, Obama stated that he was signing the bill despite his personal objection to Sections 1031-1033, but put the blame squarely on the U.S. Senate for adding these provisions.

It doesn’t take much imagination to see how NDAA Sections 1031-1033 could have a major impact on the rights of American’s to buy and sell precious metals. Here are just a few possible examples:

• A decline in the value of the U.S. dollar could put the security of the United States at greater risk. Therefore, anyone who discusses the U.S. government’s inflation of the money supply could theoretically be arrested for being a terrorist.

• Anyone who seeks to protect their financial wealth from the risk of further declines in the value of the U.S. dollar (among other potential calamities) through the acquisition of physical gold and silver – the very assets that the U.S. government could not control through shutting down and regulating financial markets – could also theoretically be arrested for being a terrorist.

• Anyone who objects to U.S. government actions and policies that 1) result in the decline in the value of the U.S. dollar or 2) interfere with the rights of Americans to buy and sell physical gold and silver could, you guessed it, theoretically be arrested for being a terrorist.

• Should the U.S. government expand reporting requirements on ownership or transactions of precious metals, anyone objecting to compliance with this increased paperwork could theoretically be arrested for being a terrorist. The possibility of such expansion of reporting requirements is not farfetched. Starting this month, the Japanese government has expanded the required reporting of purchases and sales of physical gold and silver.

To some reading this, it may seem an extreme reach to think that any of these possibilities might come to pass. I can only hope that is true. However, in 2011 President Obama declared that the U.S. government had the authority to assassinate U.S. citizens without first pressing charges, or holding a trial to determine guilt or innocence. The provisions of Section 1031-1033 are just a slight extension of the violation of the rights of U.S. citizens from the adoption of this assassination policy.

There are others who might state that those who are innocent have nothing to fear. Tell that to all the innocent people that various government agencies openly admit lost their life, liberty, or property as a result of the enforcement of U.S. drug laws.

I would not be surprised if the signing into law of the NDAA containing Sections 1031-1033 ends up persuading a certain percentage of the population to quickly acquire physical gold and silver before doing so might be labeled a terrorist act.

Despite the obvious efforts of the U.S. government, its trading partners and allies, to manipulate financial markets around the world in 2011, it did not prevent the price of gold from rising for a 12th consecutive year. The price of silver did end 2011 lower than it ended 2010, only the third annual decline over the past 12 years....

Economical Disaster
Jan 5, 2012 - 4:59pm

@California Lawyer

Just one step to complete SOCIALISM as Obama's father ordered. Read it and weep..

https://blog.mises.org/8007/obama-hid-his-fathers-socialism-from-readers/

What is more, Obama tells us that, “It was into my father’s image .. that I’d packed all the attributes I sought in myself.” And also that, “I did feel that there was something to prove .. to my father” in his efforts at political organizing. (p. 230)

SteveW Dr G
Jan 5, 2012 - 5:07pm

@ Dr G: Trading silver

"Silver is too easy today. Go short at the AM London fix and then go long at the PM fix. Easy money. Cartel in complete control..."

Sounds like a plan, but silver gets fixed once at noon.

Or did you mean short at the morning gold fix and long at the pm?

SteveW Dr G
Jan 5, 2012 - 5:08pm

@ Dr G: Trading silver

"Silver is too easy today. Go short at the AM London fix and then go long at the PM fix. Easy money. Cartel in complete control..."

Sounds like a plan, but silver gets fixed once at noon.

Or did you mean short at the morning gold fix and long at the pm?

Bay of Pigs
Jan 5, 2012 - 5:21pm

Oh no!

California Lawyer, ewc58 and Economical Disaster have shown up. All the crazies are back!

GREAT to see you all here...

Bay of Pigs
Jan 5, 2012 - 5:25pm

@Bay of Pigs

I appreciate you noticing . . .

I spent quality time with the family over the holidays. I only sporadically read the postings. I hope that I did not miss anything!

Anyway, I am very happy to be back, and I am looking forward to another fantastic year on this blog. To all of you too numerous to mention, let's have a great year!

Smiddywesson
Jan 5, 2012 - 5:28pm

New stuff from the attic

California Lawyer and EWC58,

Thank you so much for taking the time to ferret out information and digesting the facts for us. So much of the Internet is just posting that you heard something on ZH, or Jim Sinclair said this... There's a place for that, but most of us already follow those sites. I'm talking about actually going somewhere like the IMF site or the Fed site and digging around for something sourced to Timmy, DSK, Larry Summers, Chairsatan, or anyone else in a position to know what's next, really brings home the bacon to this site. Keep digging, these people are only human. Sometimes they screw up and tell the truth.

Be Prepared
Jan 5, 2012 - 5:32pm

DHS Officers in front of a Social Security Building....

Are We Strong enough and Informed enough? .... To Say "No"

The question before all of us this evening, because its real and just happened, is what would you have done if you were standing in that line?

This is what we are facing and what you will be facing in a very short timeframe. I know all of us want to answer instantaneously that we would have said "F-Off" and pushed our way through any way. That sounds good behind the keyboard until you're in line surrounded by the TSA.

Do you know what to say to.... May I see some type of identification? The Social Security Administration building is considered a federal building, but is not indentified as a high risk target. Unlike the Airport, if you need to visit the SSA building, you don't have the option to take a car rather than fly to justify the privacy intrusion to do what you may be mandated to do.....

Some possible answers to this question:

(1) You may answer the question with a question.... Why do you need to see my identification? Are you planning to detain me?

(2) You may answer with a direct statement.... I am required to fill out forms here today and do not consent to any abridgement of my 4th amendment rights... please stand aside and let me pass.

(3) You may simply state.... I am not required to show I.D. to you to enter a Social Security building. Show me the specific section of the law that requires me to show you I.D. to conduct my federally mandated business in the SSA building.

(4) I wouldn't recommend this, because it lets them win.... just walk away and come back when their gone... The problem is that their will come a day when they are there all the time if you don't put a stop to it today.

I see that CaliforniaLawyer is here, so maybe he can elaborate on how to say "no" legally to TSA's growing privacy intrusion outside the airport.

Here's a video of how this is going to go:

police state- federal border patrol Check Point Inside The USA is tyranny.flv
Bay of Pigs
Jan 5, 2012 - 5:35pm

CA Lawyer

I notice lots of things. Good and bad...

Great post my friend. Many of us value your very well written contributions...

Smiddywesson
Jan 5, 2012 - 5:36pm

Iran

"Mystery unmanned spacecraft is on a discreet mission, but appears to some to be tracking China's space station"

The military has their unmanned space shuttle up shadowing the Chinese. I hope their control signals are coded better than their drones, the manned version had a max reentry speed of Mach 25.

Economical Disaster
Jan 5, 2012 - 5:43pm

--------A NEW Candidate for Presidency-----

The Canada Party - "Meet The Canada Party"
Bay of Pigs
Jan 5, 2012 - 5:48pm
I Run Bartertown
Jan 5, 2012 - 5:54pm

G'day

“OK, that's all for now. As I research and read, I am becoming increasingly optimistic of a big, huge year in the metals, particularly silver. – TF”

Good to hear, my man! That baby had the right attitude. I nominate him to revise the tax code!

Ewc58 – good to see you! That news sucks, no doubt. They’ve avoided deploying our troops directly to HQ for so long that it does seem significant that they’re willing to cross that line.

Metalhead – “I'll be reading you, but there's really no point in visiting the comments section or participating in the conversation anymore”

You’ve said that before, yet here you are pissing and moaning still…

In general, I’ve been seeing this quote waaay too often:

” First they came for the communists,
and I didn't speak out…”

One day, I’m hoping we DO ACTUALLY go for all the Communists…and Y’all better just STFU and let the nation be healed without a lot of unnecessary speaking out! F them, they’re begging for it!

Shill - 1)Picard! Love it. Make it so! LOL

Be Prepared - DHS at Social Security. Too easy to connect those dots. Why are they expecting disgruntled ‘terrorists’ at the SocSec offices? Hmm...

CinkinKY – 1)Voltaire was a satirist. He wouldn’t have died to defend anything you have to say. And he was French…do you think he was all that serious about dying to defend ANYTHING?!? You seem to have misunderstood. Scroll up and Picard will re-iterate ;-0

2) “I love the "tolerance" of "diversity" of opinions here. Really?”

You’re the only one bitching and seeking to limit peoples’ discussion. What if my opinion IS that you ought to shut the fuck up? Does that entitle you to censor my expression of that belief?

Tyler – “Why would I need pages of commentary day after day on the gold and silver market when I plan to buy and hold?

I come here because of the commentary on a wide variety of subjects that is much more intelligent and helpful than Zero Hedge. I can get news here faster than anywhere else!“

Exactly!

Smiddywesson – “When I decide to leave a web site, I just leave. Jeesh Metalhead, a 212 word Dear John letter? I'm touched. You'd think we were dating or something.“

LMFAO. I hope he isn’t expecting a goodbye dicking.

Nick Elway
Jan 5, 2012 - 5:58pm

TPTB love gold and hate silver...

The FOFOA argument for gold not silver is that the central banks are accumulating gold, not silver, so that is where the demand is.. I take it that TPTB (I wonder if they the same as the owners of the central banks? How much gold is controlled by the Vatican?) control almost all of the above ground gold. Debt-free money that they don't control is a great threat to their money-is-debt monopoly, thus their Crime of 1873: “I went to America in the winter of 1872 – 1873, authorized to secure, if I could, the passage of a bill de-monetizing silver. It was in the interests of those I represented, the governors of the Bank Of England, to have it done. By 1873, gold coins were the only form of coin money.” -Earnest Seyd Silver has been used and abused for 138 years since the “Crime of 1873″ when the Rothschilds sought to demonetize silver as money. With the discovery of the huge Comstock Lode in America, the banksters new that this debt free money would soon eliminate the debts the banksters accrued. The Rothschilds hired Earnest Seyd to go to America with $100,000 dollars to bribe every politician to demonetize silver. Samuel Hooper who sponsored the bill admitted that Earnest Seyd actually wrote the legislation himself. This single act effectively cut the money supply in half and forced debts to be repaid in gold, which of course the Elite controlled. This made debt repayments nearly impossible. Within three years of the act being passed, a new dark ages was created in America as the money supply shrank. (Read about the Wizard of Oz being a monetary allegory about the Crime of 1873.)

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