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Turd on the Brink of Insanity

So, this is how it works in the Age of Lies, Obfuscation & Nonsense.

2/29 - Bernanke testimony. Down go PMs. https://www.tfmetalsreport.com/blog/3465/csi-comex-gold-and-silver-massacre

3/8 - Bernanke buttboy Hilsenrath talks. Up go PMs. https://www.tfmetalsreport.com/blog/3494/whatever-sterilize

3/13 - FOMC minutes no QE. Down go PMs. https://www.tfmetalsreport.com/blog/3520/literally-sick-my-stomach

3/26 - Bernanke talks. Up go PMs. https://www.tfmetalsreport.com/blog/3578/thank-you-mr-ben-bernank

4/3 - FOMC minutes again. Down go PMs. https://www.tfmetalsreport.com/blog/3615/schizo

4/11-12 - More talk of QE from Bernanke, Yellen and Dudley. Up go PMs. https://www.tfmetalsreport.com/blog/3654/sack-nonsense-redux

4/13 - Bernanke talks. Down go PMs. http://www.zerohedge.com/news/no-hints-qe-latest-bernanke-word-cloud

Absolutely ridiculous and comical nonsense. NO ONE should be attempting to trade gold and/or silver futures on the Comex. The WOPRs and The Cartel are completely in charge and every mutterance and headline sends a cascade of HFT orders based solely upon phraseology and syntax. THIS IS MADNESS! In the end, the fiat price of true money is left to shift in the wind, regardless of the underlying fundamentals. Therefore, THE ONLY ONES WITH A CHANCE are the regulars in Andy's Army. EVERYONE ELSE must avoid day trading at all costs. THE ONLY OPTION is to buy physical metal on paper metal dips and TAKE DELIVERY.

Have a nice weekend. TF

483 Comments

ink's picture

Bartertown

"There would really only be a conflict if we were expected to behave like countrymen. yes"

Countrymen we are not. And therein lies most of our differences. Where the USA is build on strong individualism, taking care of oneselves, limited government and the right to defend against it, Europe is build on social responsibilities and strong goverment. Both have their strong and their weak points and it is exactly these historic differences between the USA and Europe that form our respective ideas towards society. Hence the in my eyes distorted view of soialism in the USA and my (distorted in your eyes) positive view of socialism.

By the way, there WOULD be a way to have a conflict if we weren't countrymen as well. That would be if the USA would want to impose it's will on the rest of the world through powerplay and wars. Which ofcourse they wouldn't do. Oh wait.... wink

(anyway, I DO admire the strong individualism in the USA)

I Run Bartertown's picture

Ink

Still wouldn't be a conflict for me. Here's part of why:

"anyway, I DO admire the strong individualism in the USA"

It's only half of the USA.

And if we don't soon get to defining the geography (yes, I mean new map, new flag, new song and all) of that half and establishing borders, then over time that half will be gone.

So, if you can further erode the behemoth, please do. It needs to die (or get even sicker)before  much will change.

treefrog's picture

@ink

"society as a whole has an obligation to care for the elderly, the weak and the sick"

no. 

the care for any person is primarily the obligation of that person.  if others are to assume this care, it is an act of charity, and charity is voluntary.  to take from the producers by force (taxation) in order to give to the non-productive is a great disincentive to production.

i don't have any objection to helping the elderly, the weak, and the sick.  i do it frequently, even though i'm elderly, and not as strong as i once was.  i do, however,  reserve the right to choose the recipients.  the government has a very poor track record in separating  the elderly, the weak and the sick from the the lazy, the stupid, and the crooked.

if you have a puppy and every time he craps in the yard, you spank him, but every time he craps in the house, you give him a treat, pretty soon your house will smell pretty bad.

likewise, if every time someone produces something of value, you tax him, but if he sits on his ass and whines about how elderly, weak, and sick he is, you give him money, pretty soon your economy will smell like dogshit.

what's that smell?

ink's picture

Treefrog

"the government has a very poor track record in separating  the elderly, the weak and the sick from the the lazy, the stupid, and the crooked."

​Here we agree.

"the care for any person is primarily the obligation of that person.  if others are to assume this care, it is an act of charity, and charity is voluntary."

​And here we don't.

​I would hate to see the elderly and the sick lying in the street dependent on "charity" which may or may not come. So for me the important thing would be to better the government track record. Not to abandon the poor.

I Run Bartertown's picture

@Ink

It wouldn't happen here. I don't mean this to be rude, but volunteerism and charity here dwarf what an average European can imagine (likely because of the historical government role you mentioned). 

Only junkies beg here.

I had to go to Europe to see children and elderly women begging.

treefrog's picture

@ink

"I would hate to see the elderly and the sick lying in the street dependent on "charity" which may or may not come. So for me the important thing would be to better the government track record. Not to abandon the poor."

i would hate to BE elderly and sick lying in the street.  that is why i worked hard all my life.  it's called incentive.  to reward unproductive behavior (behavior leading to failure) while punishing productivity (behavior leading to success) is classic moral hazard.

as for improving government track record, ain't gonna happen. government wants to be elected, not improved.  as long as they can reward someone with wealth wrested from its owners, the recipients will vote for them.  (if the system rewards the politicians for doing the wrong thing, that's more moral hazard).

abandon the poor?  what's your day job? speech writer for the dnc?  i haven't abandoned the poor.  i do acts of charity.  daily.  when was the last time you took someone who couldn't afford to feed themselves out to dinner?  and sat down with them? i did last night.  i have a friend who regularly feeds dozens.  they want a steady check?  well, i'd like one too, but that's called dependence.  politicians like that arrangement.

ink's picture

@Treefrog

Regarding "abandon the poor?  what's your day job? speech writer for the dnc?  i haven't abandoned the poor.  i do acts of charity."

Without going into too much debate i would like to say this. My remark about abandoning the poor was in no way directed at you. Don't take it as a personal attack. It is meant to express my view that a society that leaves caring for the elderly and the poor to charity alone, is a society that chooses to abandon them. Since it is in no way certain that charity will be able and will keep being able to provide. That still make the providers of this charity good people in my book.

I Run Bartertown's picture

mind boggling

"a society that leaves caring for the elderly and the poor to charity alone, is a society that chooses to abandon them"

'Society' is NOT government!!!! It is so much bigger than that. 

I can't even completely unwrap what you are saying because it seems to hinge on the concept that .gov IS society and charities are something else.

Civil society is weakened by big .gov. That was my point about the socialistic, 'responsible caretakers of the poor' - the European .gov's you seem to think ARE society - leaving old ladies and children in the street to beg. 

"Since it is in no way certain that charity will be able and will keep being able to provide."

And .gov WILL? be able AND willing to forever support the dependent hordes they've created? 

treefrog's picture

@ink

"my view that a society that leaves caring for the elderly and the poor to charity alone, is a society that chooses to abandon them. Since it is in no way certain that charity will be able and will keep being able to provide. That still make the providers of this charity good people in my book."

i agree that a society that fails to care for the elderly, the weak, and the sick (you've somehow inserted "poor" in the list) is morally delinquent.  however, government (force) isn't the only institution in society.   morals belong to the church (and other moral-oriented groups), not the government.  governments don't have morals or honor.  power and glory are their portfolio.

if "it is in no way certain that charity will be able and keep being able to provide,"  what makes you think governments "will be able and keep being able to provide" for all who whine loud enough?  greece tried it.  worked well for them, didn't it?  next in line, spain? portugal? italy? ireland?  maybe the economy isn't smelling like dogshit.  could it be PIIGSshit?

The man who stole a leopard's picture

JOINING US NOW !!111!!1!

¤'s picture

Brink of Insanity/Gone Crazy

0062106-granger.jpg

ink's picture

Not so mind boggling

Society as a whole (i.e. all the people in it and corporations, institutions and so forth) have an obligation to care for the weak. They choose government as a vehicle (a "tool" if you like) for execution of this.

Having government as the executer of welfare does not mean it needs to ever grow bigger and bigger. In fact for example in the Netherlands most of medicare is privatized. The government is only there to collect the money to pay for (the bulk of) this system (and some regulations). In no way is this my ideal setup but it shows how government can play a fairly limited role as an executioner of welfare. In this case collecting and distributing taxes and setting a framework for medicare. All the rest is privatized.

If welfare is not a task of government, then why is national security (military)? Isn't both about protecting your citizens? 

The fact that I want a government responsible for the weak does in no way mean that i endorse a welfare system where every drunk and lazy person can collect a big fat check. Nor does it mean that i don't support a lean governmet as small as possible. There is a middle way between the extremes.

ink's picture

KWN parody

Amazing this is the first there is a parody on them. Nice :)

audi's picture

Bargain of the Week:

APMEX: Titanic Gold Coin.(mentioned by someone on pg. 1 of comments)

My math is little fuzzy, but I will try:

each coin has 0.0016 oz, of .999 pure gold (as per ad) and costs $ 79.99 each.

It takes 625 coins to get one oz. of gold; at $ 79.99 that comes out to

$ 49,993.75..a mere pittance. LOL

However, each coin comes in a wooden box and is  "proof".

But what would I do with 635 wood boxes???

Audi.

Kuchek's picture

From the grass roots level...

Just returned from my Congressional District meeting in MN. All 3 delegates selected to the National Convention are RON PAUL delegates. As well as all of the alternates. The same result in 2 other districts thus far today. If you are in MN also check out Senate Candidate Kurt Bills. A Ron Supporter. Economics teacher from Rosemount. I also gave Michelle Bachmann an earful about the charter of the Fed, the Patriot Act, Cispa and NDAA. Where she lied to my face about voting against it. Followed by me showing her multiple examples on my phone of proof of her support of it. Today was a good day. Here is some interesting rant by Josh Tolley. 

I Run Bartertown's picture

"Society as a whole (i.e. all

"Society as a whole (i.e. all the people in it and corporations, institutions and so forth) have an obligation to care for the weak. They choose government as a vehicle (a "tool" if you like) for execution of this."

I didn't. Weren't you the one railing against imposing ones' thinking. You state YOUR position and say that "all the people" chose it. No, they didn't.

"The government is only there to collect the money to pay"

That's because only the .gov can shoot you or put you in a cage (legally at least). 

"If welfare is not a task of government, then why is national security (military)?"

Because that was agreed upon by the Sovereign States that contractually brought the Federal .gov into existence to SERVE them (much like a clerk - NOT a boss). 

"There is a middle way between the extremes."

Perhaps, but you are clearly at the '.gov should do it' extreme.

ouchtouch's picture

Norway

You simply cannot compare a country like Norway, with it's homogeneous population and culture, with the U.S.A.  In a country with a population as diverse as ours, if the government is responsible for taking care of the poor, elderly, sick, there will always be suspicion that another ethnic/cultural group is gaming the system, not working hard enough, etc.

FMOTL's picture

@ European Socialist

and all Statists and all who vote for whatever party, red ,blue , green whatever , at least slaves had to be forced into servitude , you lot volunteer for it . But I am happy for you to be free to do that. If you believe that Statism and Democracy and Government in all its forms is so great then why not have the guts to say that it is voluntary i.e everyone who believes it is good and necessary and virtuous is free to join and pay "taxation" and vote for "masters" to tell you what to do and others such as myself are free to not join your great idea and we of course cannot claim all the so called benefits of your welfare/warfare/counterfeiting state and we of course are free to live independently alongside you on the great earth that we were born together on. But you will not extend that courtesy to me will you, no, you condone the use of force against me , the threat of violence if I do not submit to the "masters"you have voted for. So you essentially are a silent co-conspirator in the theft and threats of violence perpetrated against me. Am I not free  to live my life as I chose so long as I do no harm or cause no loss to others ? Understand this , I have not voluntarily joined your  statist democracy. And please dont say to me ..what about the roads ? My freedom is not negotiable for a damm road ok , we,ll just have to come to some agreement about that. Oh yeah, and I was born and live in the so called nation state of europe.

boatman's picture

Norway

i am not replying to u ouchtouch.......but the euroguy.

nice to spend all your petro dollars on education n fluffy things for the last 60 years while the US spends trillions keeping the USSR at bay.

what, Kruschev was kidding when he said 'we will bury you'

oh....or like ah-ma-nut-job he never said that, huh.

i guess they made all that up on the same set they used to fake the moon landing while Chaney sat over in the corner figuring  out how to get bin laden to fly planes into the towers while he pushed the button.

we're broke.....the 'head in the clouds[or sand]' crowd can figure out what to do on their own soon.

its not going to be pretty.

power vacuums never are.

El Gordo's picture

Gone crazy...

Be back soon.

ink's picture

@boatman

"nice to spend all your petro dollars on education n fluffy things for the last 60 years while the US spends trillions keeping the USSR at bay."

​Tell that to the Vietnamese, the Afghanis, the Iraqi's, the Argentines and which other countries you choose to invade or topple chosen democracies of, all in the name of so-called freedom. Spending YOUR trillions keeping the USSR at bay? Now that's a laugh. Wouldn't there be just an itsy bitsy tiny bit of US self interest involved in spending said trillions? Oil perhaps?

I dont mean to be rude but don't tell me about YOUR trillions saving the world from disaster when all your country has done the last 40 years is wreak havoc upon numerous people. Not just with wars but in the financial world as well with YOUR trillions that you mention. Andto be complete, i don't exclude us Europeans from the blame on these wars and financial corruption.

I like Americans, i really do and i count many among them as friends. But your foreign politics can get me quite mad as you can see.

zilverreiger's picture

USA

needs to be curtailed asap, sick of their stupid attack wars for the quick economic gain, at the expense of millions of humans dying and suffering

I Run Bartertown's picture

Don't worry Ink

If you just wait, we'll be forced to carve a Nation out of the carcass of this empire. I don't expect it to be as foolish with foreign policy. The other part will be solidly third world, so they won't pose a threat to you (unless you import them - you guys still doing a lot of that?).

ink's picture

Actually

Actually I kind of apologize for the tone of my rant. I won't edit the post because i firmly stand behind the content but i think i could have toned it down a bit. After all, we are on this forum for a lot of reasons we all share. Financial doom and (government) corruption among them. So even if our views on government and policies differ, we still fight the same battle. And i'm proud to be part of it.

02.00 AM here so i will not read any replies until tomorrow. Night all.

HeNateMe's picture

The Talk

Nice PM talk today.

HeNateMe

¤'s picture

Turds & Gladiators

Turds & Gladiators
Published : April 14th, 2012

By way of NFTRH subscriber MetalAugmentor, a reputable and hard working mining stock fundamental research service to which I also subscribe, comes this thread talking about an entity called Turd Ferguson.

Turd is an offshoot of Zero Hedge, is apparently a really popular blogger among gold bugs and is cooking up plans to do battle with the 'cartel'. 'Silverax' also highlights Jim Sinclair and his own Golden Idea on how to break the cartel. When I read something like "what we need is Maximus, the financial gladiator" I just cringe.

Gold is going where it is going, and it is anchoring value in a time of devaluation. There is no need for war mentality. There is only a need to keep perspective through ongoing events and the dynamic cycles in which they play out (I sound like an old fart, I know).

Why do people need to join clubs, be part of armies and do battle? There will be no such talk of financial gladiators during gold's next up cycle. There will be talk of gold going to $5,000 an oz. and beyond. Get on board the golden express elevator while you can still save yourself! There will be talk of the death of the dollar, euro and various other debt paper. There will be fear and greed in the air all at once.

In short, there will be triumphant crowing from the gold 'community' right up until the next top and into an impending cycle of whining, crying and writhing in pain at which point what, the financial gladiator saves them all again? Or maybe Turd and his hedge fund adviser buddy slay the cartel for good?

Why not save the emotional ups and downs, put that energy into day to day life and understand that we are going to get where we are going despite pathetic attempts at manipulation of the macro by the 'cartel'?

Gold is a tool that Central Banks, big financial institutions and various authorities use to temporarily manipulate the macro. Most recently, the actual manipulation was performed on Treasury yield relationships, which in turn hurt gold, which in turn helped alter the macro ("And contrary-wise; what it is it wouldn't be, and what it wouldn't be it would. You see?" --Alice). It's just business, perverted and way out on a limb though it is.

Don't personalize it, or you risk becoming angry and biased. Anger and bias promote wrong decisions. The gold 'community', with its various leaders and caricatures is more like a cult than anything, and this hurts the 'community's' supposed effort to bring the monetary metal into the mainstream.

http://www.24hgold.com/english/news-gold-silver-turds--gladiators.aspx?article=3875871816G10020&redirect=false&contributor=Gary+Tanashian

(IS7:  That article  might sound a bit negative and it might come off as condescending, but it is recognition and publicity with Turd's name on it. yes)

Goofy's picture

Greetings from Norway - intro to The Other Canon

Hi Turd and Turdite's,  here is some medicine enjoy:

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