Your Weekly Podcast

408
Fri, Aug 3, 2012 - 1:27pm

A little something different this week. As a change of pace, I'm the one getting interviewed. I spoke yesterday with Alasdair Macleod of GoldMoney and I think you'll enjoy listening in.

The link to the interview is right here:

https://www.goldmoney.com/podcast/turd-ferguson-and-alasdair-macleod-on-the-end-of-the-great-keynesian-experiment.html

But it's also available on Youtube:

Turd Ferguson and Alasdair Macleod on the end of the Great Keynesian Experiment

As mentioned above, the NFP numbers this morning threw nearly everyone for a loop, at least initially. Then, once folks were able to "look under the hood", they discovered that things aren't quite so rosy. ZeroHedge opened the door ( https://www.zerohedge.com/news/seasonal-and-birth-death-adjustments-add-429000-statistical-jobs) and then Jim Quinn kicked it down ( https://www.theburningplatform.com/?p=38358).

Crude oil is really cooking today and must be watched closely next week. I've got the October crude pushing $92 as we head into the close. A move above the highs from late July near $93 and we'll see crude sets its sights upon $100. Obviously, $100 crude would have an impact on the metals.

This week's CoT is going to be very interesting. Once I see the numbers this afternoon, I'll add some thoughts in the comments section of this thread, so please look for that sometime after 3:30 EDT.

Lastly, "Turd's Army" just completed another stellar month under General Maguire's leadership. We know that it can sometimes be a logistical challenge to perfectly mimic Andy's trades and we're working on that. In the meantime, some folks have chosen instead to simply trade in larger size. I found a thread at goldismoney.com where the service is being discussed. Please check it out. (If you're interested, August would be a fine time to consider a trial membership.) https://www.goldismoney2.com/showthread.php?33861-4-month-results-after-using-Andrew-Mcguire-service&p=407494&posted=1#post407494

And here's the link to the service: https://www.coghlancapital.com/daytrades-application?ak=turd_army

Lastly, I promised you a wild week this week and it certainly was. Not surprisingly, it turned out almost exactly as we expected. Next week, however, promises to be very exciting as well. I urge you to take the weekend to relax and rest. The summer is getting hotter by the day and you need to be ready for whatever lies ahead.

TF

About the Author

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

  408 Comments

The Green Manalishi
Aug 5, 2012 - 4:53pm

Interesting take on the start of State intrusion in the UK

Interesting take on the start of State intrusion in the UK

A.J.P. TAYLOR – A LIBERTARIAN?

The Effects and Origins of the Great War

A. J. P. Taylor


Until August 1914 a sensible, law-abiding Englishman could pass through life and hardly notice the existence of the state, beyond the post office and the policeman. He could live where he liked and as he liked. He had no official number or identity card. He could travel abroad or leave his country for ever without a passport or any sort of official permission. He could exchange his money for any other currency without restriction or limit. He could buy goods from any country in the world on the same terms as he bought goods at home. For that matter, a foreigner could spend his life in this country without permit and without informing the police. Unlike the countries of the European continent, the state did not require its citizens to perform military service. An Englishman could enlist, if he chose, in the regular army, the navy, or the territorials. He could also ignore, if he chose, the demands of national defence. Substantial householders were occasionally called on for jury service. Otherwise, only those helped the state, who wished to do so. The Englishman paid taxes on a modest scale: nearly £200 million in 1913-14, or rather less than 8 per cent. of the national income. The state intervened to prevent the citizen from eating adulterated food or contracting certain infectious diseases. It imposed safety rules in factories, and prevented women, and adult males in some industries, from working excessive hours. The state saw to it that children received education up to the age of 13. Since 1 January 1909, it provided a meagre pension for the needy over the age of 70. Since 1911, it helped to insure certain classes of workers against sickness and unemployment. This tendency towards more state action was increasing. Expenditure on the social services had roughly doubled since the Liberals took office in 1905. Still, broadly speaking, the state acted only to help those who could not help themselves. It left the adult citizen alone.

More: https://dominicfrisby.com/news/a-j-p-taylor-a-libertarian
tmosley
Aug 5, 2012 - 5:01pm

Went to Wally-World today to

Went to Wally-World today to pick up a big thing of cashews, found that in the last two months, the size of the container has dropped from 2.2 lbs to 1.5 lbs at the same price. Now I'm switching to peanuts.

Things are fast going out of control.

Louie
Aug 5, 2012 - 5:10pm

How about the new Cheese-it box?

Seven ounces! Seven ounces! Used to have a huge banner across the front, "The Pounder". Now it is SEVEN ounces!

That's a single serving box for a fat guy!

Dr. J- Yes, demonize the evil oil speculators, and then raise the margin on oil contracts!

Got your new doorstop yet? Any pictures?

kedat Louie
Aug 5, 2012 - 5:26pm

Got your new doorstop yet? 

Got your new doorstop yet? Any pictures?

Mine is working really well:

ReachWest
Aug 5, 2012 - 5:35pm

Silly History of the Economic Crisis

RNN launched this silly video back in April. It was originally titled "Snakes Fly a Plane".. BUT .. the good folks at YouTube had an issue with the name as it was confusing and might cause a copyright issue with the movie "Snakes on a Plane" (the 2006 movie starring Samuel Jackson). I can certainly see how the confusion would arise

Anyway - we renamed it "Big Banker Pilots" and have relaunched it. Here it is for Turdvilles enjoyment!

Big Banker Pilots (the Movie) with Chairman Ben and Secretary Geithner
Mr. Fix
Aug 5, 2012 - 5:46pm
Big Buffalo
Aug 5, 2012 - 6:00pm

Garden

wife and I made 31 pints of tomato sauce yesterday with stuff from the garden. Ate potatoes and green bean today. Eggplant tomorrow, and leaks the next.

Crossing fingers for a little up tick in gold before it drops back to the lower pendant line, and for the DOW to pullback a bit.

The Green Manalishi
Aug 5, 2012 - 6:10pm

@The Green Manalishi Re:Interesting take on the start of State..

Thanks for that link. I've run across it before, but did not have the full text.

Here is a bit of an application of the idea reinforced by none other the John Maynard Keynes.

https://www.youtube.com/watch?v=PoOLleZgSNA

Mr. Fix
Aug 5, 2012 - 6:14pm

Got it:

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales[dot]support[at]ft[dot]com to buy additional rights. https://www.ft.com/cms/s/0/45329d42-dd97-11e1-8be2-00144feab49a.html#ixzz22iEaeRTH



Four-year silver probe set to be dropped

A four-year investigation into the possible manipulation of the the silver market looks increasingly likely to be dropped after US regulators failed to find enough evidence to support a legal case, according to three people familiar with the situation.

The Commodity Futures Trading Commission first announced that it was investigating “complaints of misconduct in the silver market” in September 2008, following a barrage of allegations of manipulation from a group of precious metals investors.

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ON THIS STORY

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IN COMMODITIES

In 2010, Bart Chilton, a CFTC commissioner, said that he believed there had been “fraudulent efforts” to “deviously control” the silver price.

But after taking advice from two external consultancies, the first of which found irregularities on certain trading dates that it believed deserved more analysis, CFTC staff do not have sufficient evidence to bring a case, according to the people familiar with the situation.

The agency’s five commissioners have not yet formally determined the outcome of the investigation, leaving the possibility that staff could be instructed to dig deeper. A CFTC spokesman said: “The investigation has not reached its conclusion”. He declined further comment.

Ending the probe would infuriate some US silver investors, who claim that a group of large investment banks – in particular, JPMorgan – has conspired to drive the price of silver lower.

“I’m sure it will be met with some concern from a certain group of aggressive silver speculators,” said one person familiar with the investigation.

In a recent blog post, Ted Butler, a newsletter publisher and unofficial champion for the silver investors, accused the CFTC of being “negligent in failing to terminate the obvious manipulation ongoing in silver”.

The CFTC has analysed over 100,000 documents and interviewed dozens of witnesses since it began investigating the market in 2008, it said last year. The people familiar with the situation said the evidence included records from JPMorgan.

The conclusion of the investigation will come as a relief to JPMorgan. Although no company or individual was named in the CFTC investigation, the Wall Street bank has suffered a torrent of allegations from silver investors on the blogosphere.

One campaign exhorted sympathetic readers to “crash JPMorgan” by buying silver – based on the assumption, which JPMorgan has repeatedly denied, that the US bank has a large bet on lower silver prices.

In addition, a class-action lawsuit has been filed against JPMorgan. Lawyers for the bank have asked a judge to dismiss it, arguing that plaintiffs “fail to identify a single trade” showing manipulation.

Blythe Masters, head of commodities at JPMorgan, in an April interview with CNBC conceded that there had been “a tremendous amount of speculation, particularly in the blogosphere, about this topic”, but maintained that the bank had no large bets on silver prices.

“We have no stake in whether prices rise or decline,” she said. JPMorgan declined to comment on the CFTC investigation.

Previous CFTC silver inquiries in 2004 and 2008 found no evidence of wrongdoing.

Prize Fighter Mr. Fix
Aug 5, 2012 - 6:15pm

Thanks for the heads up

Thanks for the heads up Mr.Fix. Here's the article....

https://www.ft.com/intl/cms/s/0/45329d42-dd97-11e1-8be2-00144feab49a.html?ftcamp=published_links%2Frss%2Fhome_uk%2Ffeed%2F%2Fproduct#axzz22iC5ssHy

(edit: the link is to a subscription article. Just google "Four-year silver probe set to be dropped" and the first result will give you the article. Also works with WSJ articles.)

None of this is official yet as the article is a leak of insiders but I sincerely hope this wasn't to be a part of a hot and explosive summer. Unless of course, those words are describing the potential reaction to this.


Aug 5, 2012 - 6:26pm

Aug 5, 2012 - 6:27pm

Not yet

I hate ordering metal and then having to wait! I want it in my hand, or stopping my door, now! I order online to avoid tax. So I have to get some metal out of hiding and play with it until the package arrives.

Mr. Fix
Aug 5, 2012 - 6:28pm
Mr. Fix
Aug 5, 2012 - 6:34pm

Thanks for spotting it!

Very interesting article with interesting conclusions and interesting timing. It will be interesting to see what kind of impact this has, if any, on trading tonight and tomorrow.

Mr.Grey
Aug 5, 2012 - 6:38pm

Who are we?

Well we can't be an empire as we are a nation of sovereigns rather than a sovereign nation. Unfortunately that has become a minority position. I'm afraid Puck has shown that our actions are those of empire.

Louie If I peer into the rabbit hole one of the scenarios I see is Germany leaving the euro, first week of Sept in response to eminent threat of world-wide currency failure the attack on syria/iran is launched simultaneous to Germanys decision. Here at home state of emergency, perhaps rex-84, elections canceled but DWTS season extended.

And I always wonder what Louis Farakan is up to these days.

Byzantium
Aug 5, 2012 - 6:41pm

A question for Turd

Hi Turd,

a while back, you were tracking the copper price for us, on the basis that a confluence of market relationships made the copper price very relevant at that particular time.

A turdite recently mooted that copper has now developed a huge head & shoulders formation, and may be heading for a major fall. This would if true, likely have implications for silver, no? In addition, I mooted on this thread that the Euro price of gold appears to have been a key support for the gold price this year, and found that I was late to that party and that many other turdites had already made the point (an increasingly popular view).

I pose the question to you as to whether you might also agree that copper & Eurogold are relevant at this time, and if so, to help keep us informed as to how these develop vis a vis your technical analysis & greater market insights. If on the other hand, you disagree with their current relevance, your reasoning would obviously be most welcome.

cheers

Byzantium.

Mr. Fix
Aug 5, 2012 - 6:43pm

Misdirection and disinformation?

Because the United States government and its regulatory agencies have been working round the clock to extend and pretend,

I hold absolutely no hope whatsoever that there will be any stopping of the fraud by our government.

They are in it up to their eyeballs and everyone knows it.

The same international court in The Hague that is investigating the LIBOR scandal may in fact be able to do something with this, but they would have to start looking first.

I've been saying pretty much all along, that the lawlessness and the fraud will continue until it finally all implodes.

That is why this news does not surprise me in the least.

This investigation was never going to resolve anything,

and most people that are honest with themselves have known that for years.

This article is probably true and accurate, at least to the extent of the reporting.

Therefore I would not consider it to be misdirection or disinformation.

It is obviously intended to get people out of the silver market as soon as possible.

But then again, that is the obvious attempt by all mainstream media outlets, as they are just the ministry of dis- information by the powers that be.

The obvious disinformation is being reported by the government when they state that they can't find any evidence of fraud.

They are working overtime to cover it up.

Nobody is looking for it in a legal capacity.

J.P. Morgan just got a renewal on its license to steal.

That's all it says if you read between the lines.

NW VIEW Puck Smith
Aug 5, 2012 - 6:46pm

@ Puck T. Smith

The video may work a bit if we only look at the 100 year ago time frame but falls apart going either direction in time. The religous and political persecution (deaths) has been in full swing for two thousand years and before. The people on the video should read Fox's book of Martyr's or Church History by Andrew Miller.

Yes, there was not any social security 100 years ago BUT the family unit and the possessions of these families has completely changed. Three generation would live in one home and everyone had a purpose in that home. The young were taught to "honor thy father and thy mother" but that is difficult to find today.

We have a newer Wendys near our home and they have some really good buys on food. We notice that the place is always filled with baby boomers and they are there for more than just a good meal. Social Security is a social program, we know that. I know many on SS who are only just surviving on their monthly checks. If the program was stopped today, think about the impact on the economy and grandma sleeping on the streets. We could ask the working adults to clean out the back bedroom because granny is moving in and we will have to pay all her bills from now on. This NW VIEW would see that as a good step in the correct direction (families grouping together- part of being prepared) but the hearts of the many would have to change and that would take a miracle.

This nation and the culture has thrown grandma under the economic bus and set her up for being the needy like the children in the movie "Scrooge". So "Freedom, the One Way Out" is tied up like the arms of an octopus. I would like to say much more but it may be time to just watch the outcome of a degenerating era. jmo

The Green Manalishi
Aug 5, 2012 - 6:46pm

Turd, was this the opposite news to what you were expecting?

Hi Turd,

Was this investigation part of the big news that you were expecting to make an explosive August, or something different?

Short Stack
Aug 5, 2012 - 6:53pm

Spot Prices

And there off - like a herd of turtles ! ~yawn~

The Green Manalishi
Aug 5, 2012 - 6:59pm

No, this "investigation" was

No, this "investigation" was due to be wrapped up in October.

Regardless, I think you should btfd.


Aug 5, 2012 - 7:01pm

CFTC investigation

One can always hope, but did any of use really ever believe they would file charges against the manipulators? Perhaps early on I was hopeful, but it became clear as the months passed. And my enthusiasm for buying physical was not dampened.

Kcap
Aug 5, 2012 - 7:04pm

The CFTC case against Silver ending is VERY interesting....

Lets face it. They are all fraudulent. We KNOW its manipulated. We don't need the CFTC to tell us that. And they let through what is SUPPOSED to be let through. "They" aren't ready for the metals to pop yet, therefore the suit gets dropped. If the CFTC found them guilty of manipulation, then everyone and their mother would rush to metals. It won't go down that way. One day, you are going to wake up and Silver will be $5-$15 higher. And then you'll chase it all the way if you don't own it. The COMEX and the paper scam will fall from its own pressure and subsequent implosion. LIBOR was "allowed" to come out. Do you understand? This will "LEAD" the metals explosion higher. They want it this way. Its an information war after all, the closer you are to the inner most release of the info, the better off you'll be financially. That's why you just buy and hold your metals. Stack. Period.

The timing of this release is what is MOST important. This means the metals move is imminent (2-3 months most) away.

Kcap

Doctor J
Aug 5, 2012 - 7:08pm

Just btfd.

Just btfd.

Kcap
Aug 5, 2012 - 7:08pm
GoldMania3000
Aug 5, 2012 - 7:10pm

Fishy

That article is very fishy. Remember they brought out buffett gates and that other fuck hole to talk about why gold is for putzes on cnbc. this is the same shit. im of the opinion that Bart and the Farts at the CFTC won't do anything either because some of them are part of the big boys network. Regardless Kcap is right, this could signal the/a big move coming or something else.

HMMM and why did they publish this now before any conclusions? Can someone email Bart the article and ask him his thoughts? Ask him why are they leaking something? Ask him why his boss is from goldman saks? Can someone just do it and report back:)

SilverFocker
Aug 5, 2012 - 7:18pm

As was said

Nothing will happen to the corrupt system and those that corrupted it until it implodes and the sheep are having their deer in a headlight moment as they realize everything they thought they knew was a fraud, and every system put in place to protect them is also a fraud.

This news about dropping the "silver" investigation means nothing.....it really never did.

No one has been prosecuted for anything that has to do with our current quagmire, so why should this be any different...It's Not!

The only thing financial that is not corrupt, is the metals that I hold.......Soon my wife will hold the same in the form of pulling her 401 and 403 out of the system and converting it into PM's. I am holding this off until we see if it will be Obama or Oromney........if it's the latter, then I might hold off until I see which direction he will go by his choice of appointments.

Save_America1st
Aug 5, 2012 - 7:22pm

Nothin' to see here folks...just move along...

AND KEEP STACKIN' THE PHYZZ!!!

via ZeroHedge of course...

https://www.zerohedge.com/news/libor-may-be-manipulated-silver-not-cftc-conclude

Libor May Be Manipulated, But Silver Is Not, CFTC To Conclude Submitted by Tyler Durden on 08/05/2012 18:56 -0400



              • In what may be the most amusing news of the day, according to the FT the CFTC will shortly drop its 4 year old investigation into silver manipulation, "after US regulators failed to find enough evidence to support a legal case, according to three people familiar with the situation." How about evidence to support an "illegal" case? Of course, that this is happening after the recent discovery that the world's most pervasive fixed income benchmark was manipulated for years, if not decades, can only be reason for laughter and wonder if the CFTC used the same assiduous diligence methods in pursuing the alleged perpetrators of precious metal manipulation as it did in letting the fraud at PFG slip through its fingers for two decades. We will probably never know, or at least not until an email mentioning bottles of Bollinger and silver price "fixing" in the same sentence inexplicably turns up and makes a complete mockery of the CFTC yet again.

                From the FT:

                The Commodity Futures Trading Commission first announced that it was investigating “complaints of misconduct in the silver market” in September 2008, following a barrage of allegations of manipulation from a group of precious metals investors.

                In 2010, Bart Chilton, a CFTC commissioner, said that he believed there had been “fraudulent efforts” to “deviously control” the silver price.

                But after taking advice from two external consultancies, the first of which found irregularities on certain trading dates that it believed deserved more analysis, CFTC staff do not have sufficient evidence to bring a case, according to the people familiar with the situation.

                The CFTC has analysed over 100,000 documents and interviewed dozens of witnesses since it began investigating the market in 2008, it said last year. The people familiar with the situation said the evidence included records from JPMorgan.

                The conclusion of the investigation will come as a relief to JPMorgan. Although no company or individual was named in the CFTC investigation, the Wall Street bank has suffered a torrent of allegations from silver investors on the blogosphere.

                The FT continues by referencing the inventor of CDS herself: Blythe Masters:

                Blythe Masters, head of commodities at JPMorgan, in an April interview with CNBC conceded that there had been “a tremendous amount of speculation, particularly in the blogosphere, about this topic”, but maintained that the bank had no large bets on silver prices.

                “We have no stake in whether prices rise or decline,” she said. JPMorgan declined to comment on the CFTC investigation.

                What the FT did not mention is the end of that sentence pronounced in an interview on April 5 with CNBC which goes as follows:

                "We have offsetting positions. We have no stake in whether prices rise or decline. Rather we're running a flat or relatively flat matched book.

                Of course, the fact that a month later the firm's entire internal $350 billion hedge fund was found to be not only engaging in non-matched book trading, but suffered a humiliating $6 billion loss due to unmatched prop positions, should not influence all those who persist in perpetuating gross lies.

                Which of course is why Masters' next sentence was the following:

                "What is commonly out there is that JPMorgan is manipulating the metals market. It's not part of our business model. it would be wrong and we don't do it."

                Courtesy of Gary Gensler's CFTC, who recently has managed to build up lots of goodwill courtesy of his masterful handling of both MF Global as well as PFG, we will never know whether she was also lying about this as well.

                Finally, and tangentially, in the Libor scandal where not even the regulators can mask up years of gross manipulation, we learn that UBS fired dozens of people embroiled in the still evolving Lieborgate scandal, prosecution immunity notwithstanding:

                UBS AG (UBSN) has dismissed about two dozen traders and managers in connection with an investigation of manipulation of the London interbank offered rates, Der Sonntag reported.

                The Swiss bank terminated the traders for possible involvement in a fraudulent ring across several banks and the managers for not exercising controls or for boycotting an internal investigation, the newspaper reported today, citing an unidentified person familiar with the proceedings. Dominique Gerster, a spokesman at UBS, declined to comment on the report.

                So let's get this straight: bankers, for their own selfish and financial reasons formed cabals and manipulated, with the complicity of central bankers, a market worth $500 trillion notional. But they left the one market which has the embedded systemic risk of impairing the perception of fiat, and the viability of the status quo system, untouched? And this despite JPM's implicit admission of guilt when it reduced it massive silver short position back in December 2010.

                One could almost make this up.

Nana
Aug 5, 2012 - 7:23pm

Why

https://blog.alexanderhiggins.com/2012/08/05/dhs-requests-plastic-explos...

DHS Requests Plastic Explosives And Then Hides Request

Edit:

Other "request"

Solicitation Number: N65236_SNOTE_00012B52 Notice Type: Special Notice Synopsis: Added: Oct 25, 2010 6:35 am

Department Of The Navy: The Space and Naval Warfare Systems Center (SPAWARSYSCEN) Atlantic, AdvancedTechnology Branch (Code 51610) is seeking information on commercially-availableunderwater body bags used for recovery operations of bodies and body parts.The Department of Homeland Security (DHS) Authorized Equipment List (AEL) item number for this equipment is 03WA-01-BAGB: Underwater Body Bags. The target audience for this information is public resource dive teams within the emergency responder community, and all submittals should be suited to theirspecific needs.Review of this information is being performed for the DHS System Assessment and Validation for Emergency Responders (SAVER) Program, which aims to conduct objective comparative assessments and validation of commercial equipment and systems and provide those results with the emergency responder community.

Solicitation Number: HSFEHQ-11-R-Meals Notice Type: Cancellation Synopsis: Added: Jan 20, 2011 11:54 am The Federal Emergency Management Agency (FEMA) procures and stores pre-packaged
commercial meals to support readiness capability for immediate distribution to disaster
survivors routinely. The purpose of this Request for Information is to identify sources of
supply for meals in support of disaster relief efforts based on a catastrophic disaster event within the New Madrid Fault System for a survivor population of 7M to be utilized for the
sustainment of life during a 10-day period of operations. FEMA is considering the following specifications (14M meals per day):

- Serving Size - 12 ounce (entree not to exceed 480 calorie count);
- Maximum calories - 1200 and/or 1165 per meal;
- Protein parameters - 29g-37g kit;
- Trans Fat - 0;
- Saturated Fat - 13 grams (9 calories per gram);
- Total Fat - 47 grams (less than 10% calories);
- Maximum sodium - 800-930 mg;

Requested Menus to include snacks (i.e. fruit mix, candy, chocolate/peanut butter squeezers, drink mix, condiments, and utensils). All meals/kits must have 36 months of remaining shelf life upon delivery. Packaging should be environmentally friendly.


- Homestyle Chicken Noodles
- Potatoes
- Vegetarian Pasta
- Green Pepper Steak w/Rice
- BBQ sauce w/Beef and diced
- Chicken w/Rice and Beans
- Chicken Pasta

The following questions are put forward to interested parties:

1. Please specify the type of organization responding to the questions (i.e. small business, large business, industry association, etc.) If a small business, please specify all Small Business Administration socioeconomic programs under which your organization qualifies.

2. Does your organization have a product available that meets all the specifications above?
If the answer is "Yes:" What is the country of origin?
If the answer is "No:" (a) Can your organization produce such a product? (b) What would be the product lead time? (c) What country are the manufacturing plants located in?

3. Can your organization delivery the product to a specified location within a 24 hour period

4. Please provide an implementation plan for critical delivery orders and delivery surge orders.

5. What states do you already have contracts in place with to provide these types of products?

6. Please detail the type of meals and quantities you can provide for each day following a disaster.

7. Please provide alternatives to the meal specifications that your organization can provide.

8. What type of delivery schedule would your organization recommend for the meals?

9. Does your organization have the capabilities to deliver products directly to FEMA's CONUS Distributions Centers?

10. Can your organization track deliveries from point of origin to point of delivery?

11. What is your lead time for delivery once FEMA has placed an order?

Solicitation Number: HSFEHQ-11-R-Blankets Notice Type: Sources Sought Synopsis: Added: Jan 20, 2011 4:54 pm The Federal Emergency Management Agency (FEMA) procures and stores blankets to support readiness capability for immediate distribution to disaster survivors routinely. The purpose of this Request for Information is to identify sources of supply for blankets in support of disaster relief efforts based on a catastrophic disaster event within the New Madrid Fault System for a survivor population of 7M to be utilized for the sustainment of life during a 10-day period of operations. FEMA is considering the following specifications (14M blankets per day):

- 100% cotton;
- White;
- 66" x 90"

https://www.fbo.gov/index?s=main&mode=list&tab=list

The MRE request was cancelled

The Green Manalishi
Aug 5, 2012 - 7:23pm

I'm trying to weigh up

I'm trying to weigh up in my mind what happens now with regard to this.

1. Imminent Major sell off, which I guess is what Turd is saying with BTFD.

2. Or, Hooray, people have confidence in the silver market and nothing much happens! lol

Nothing seems to be happening yet though, just wondering if I should be preparing to launch 4 cruise missiles in Bart Chilton's direction.

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