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Disinformation & Deceit

187
Mon, Aug 6, 2012 - 10:58am

Things are getting curiouser and curiouser...

By now, I would imagine that nearly everyone has seen this: (https://www.zerohedge.com/news/libor-may-be-manipulated-silver-not-cftc-conclude). I was sitting here in the TurdCave yesterday afternoon when I saw the original FT story cross the wires. Note the time stamp was exactly 5:00 pm EDT (NY time). Hmmmm. Isn't that interesting? On the next link, you can see that pre-open, electronic trading begins at exactly 5:00 pm NY time, as well. (https://www.cmegroup.com/trading_hours/). Again, hmmmm. I'm sure that's just a coincidence.

Then, when ZH picked up the story, word quickly spread. What was going on here? Who are the "three sources" who divulged this information? Well, our friend The Doc got right on it and quickly found out that it wasn't Bart Chilton (https://www.silverdoctors.com/bart-chilton-ft-report-that-cftc-to-drop-silver-investigation-is-inaccurate-premature-there-have-been-devious-efforts-to-move-price-of-silver/) and several other, industrious Turdites reported receiving similar responses to their inquiries.

So, what are we to make of all this? It would seem that we are left with these possibilities:

  1. The story is true and accurate and the CFTC silver investigation will soon close with nothing done.
  2. The story is inaccurate and is simply shoddy reporting by the crew at the Financial Times.
  3. The story is inaccurate and was deliberately placed in order to influence a certain outcome. Rationale for this ranges from: a) An attempt to initiate another Sunday Night Massacre, b) An attempt to draw in additional SpecShortSheep in advance of lower margins today, c) An attempt to influence the CFTC to conclude the investigation ahead of "schedule" in September, d) An attempt to influence the civil court into dismissing the class action suits against JPM, e) anything else you can think of.

I look forward to reading what everyone thinks and am open to other ideas/theories.

So far, the report has had little impact on price as both metals are currently UP basis the close on Friday. Imagine that!...Gold UP on two, consecutive days. That must be some kind of record. Regardless, the charts are looking increasingly positive and strongly suggest that The Bottoms are in and that a breakout beginning of a new trend is imminent. Be right, sit tight and you will be rewarded.

OK, I'm going to stop there for now because it's already 11:00 EDT and I need to get this posted. Please stay strong. We are entering a critical phase and now is not the time for weak knees. We are all on the right side of history and vindication will soon be ours. More later today or this evening.

TF

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turd [at] tfmetalsreport [dot] com ()

  187 Comments

Beastly Stack · Aug 7, 2012 - 8:58am

Balls,let's get through this 1620 level and 2850 silver today!

If the metals do an about face here and get pummeled,does anyone have to wonder why OI is down?

Bollocks · Aug 7, 2012 - 8:58am
murphy · Aug 7, 2012 - 9:08am

Sorry, haste makes waste. At least I didn't confuse it with these.

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

· Aug 7, 2012 - 9:19am

https://www.reuters.com/article/2012/08/07/usa-fed-rosengren-idUSW1E8IB01W20120807

Aug 7 (Reuters) - Boston Federal Reserve Bank President Eric Rosengren on Tuesday repeated his call for the U.S. central bank to expand monetary policy, saying the economy is only treading water and inflation is not a problem.

In an interview on CNBC, Rosengren said he had not seen inflationary pressures from the two previous massive bond purchase programs of the Fed, known as quantitative easing.

He also said since he did not expect the economy to improve in the second half of the year, another QE program was needed.

Rosengren was also quoted in an interview in the New York Times on Tuesday calling for more quantitative easing.

thurd aye · Aug 7, 2012 - 9:41am

smileyThe counter to disinformation and deceit,Stackalee.

frownAlso we seem to have ordered USA crop rains by mistake.In flood here.

More off the table.PTB,EMS

Keep adding those shinys. Bit by bit ,eh? 80s 90s,999+s.

Bezalel · Aug 7, 2012 - 9:45am

My grandmother, may she rest in peace, used to say, "A liar is worse than a thief, because you can always watch a thief."

I guess it's even worse if someone is both a liar and a thief, such as certain individuals in the U.S. Treasury Department. These individuals stole the pensions of 20,000 Delphi retirees who were not union members, then lied to Congress that the decision had not been made by Treasury but instead by an independent agency.

https://dailycaller.com/2012/08/07/emails-geithner-treasury-drove-cutoff...

Roger Godberd · Aug 7, 2012 - 9:45am

Government Economic 'Stimulus' as Economic Quackery

Whenever the government announces a "stimulus" program, it continually amazes me that hardly and mainstream economists in favor of such things aren't challenged as to where the money for such programs are going to come from. The money is either going to be printed up, which means new dollars are out there bidding up products against others holding dollars, who are out bid by those holding the new dollars. Or the money is taxed or borrowed away from others, meaning those from whom it is taken have less money to spend.

....The evidence here is extremely damaging to the case made by Mr. Obama and others that there is economic value to spending more money on infrastructure, education, unemployment insurance, food stamps, windmills and bailouts. Mr. Obama keeps saying that if only Congress would pass his second stimulus plan, unemployment would finally start to fall. That's an expensive leap of faith with no evidence to confirm it.

https://www.economicpolicyjournal.com/2012/08/government-economic-stimul...

Short Stack · Aug 7, 2012 - 10:20am

BB wanting to know what our happiness level kind of reminds me of the Grinch Who Stole Christmas story.

Take away the value of their fiat and watch their happiness disappear. Wait, why are they still happy ?

Because we're stacking you dolt !

Short Stack · Aug 7, 2012 - 10:27am

Funny but my grandmother had a similar say, except it was, "A liar is worse than a thief, because you can always catch a thief !"

Kryptonite for Bankers Excalibur · Aug 7, 2012 - 10:33am

"The whole fiat currency thing is gibberish. Money historically has been many things and I have pointed out that China has always been a fiat currency since 240BC. Coins were bronze or iron and valued at whatever the emperor said they were because he was god on earth. The same reason Japanese pilots flew their planes into ships because god told them to do so. It is the DEBT that destroys empires – not fiat currency. So putting out bullshit that we need to return to a gold standard without debt restructuring, means we have to pay the bankers in gold and that is the ONLY reason they would have to keep gold prices down."

Fiat currency IS debt. The two are part and parcel. I find him to be very disingenuous.

I remember Armstrong's first piece. The tone was rather different from what followed. Draw your own conclusions.

Dagney Taggart · Aug 7, 2012 - 11:02am

From: https://www.dailymail.co.uk/news/article-2184658/Is-joining-Facebook-sig...

Is not joining Facebook a sign you're a psychopath? Some employers and psychologists say staying away from social media is 'suspicious'


OK. In other news, psychologists have already linked social media use with rampant narcissism. Narcissists also tend to stalk and sometimes murder when their target doesn't respond to their phone calls, emails, or texts. PS. And we wonder why identity theft is so easy.
Bezalel Short Stack · Aug 7, 2012 - 11:32am

That's an interesting variation. I don't know if either version of the saying makes sense, though.

If it's "watch," then one can't really watch a thief 24 hours a day. Likewise, once a person has been identified as a liar, then one can "watch" his future statements with suspicion as to their veracity.

If it's "catch," then just as one can (sometimes) catch a thief after he has stolen something, one can (sometimes) catch a liar after he has told a lie.

opticsguy · Aug 7, 2012 - 11:35am

With President Obama’s line “You didn’t build that,” the battle between individualism and collectivism has reached a climax. Obama has openly denied individual achievement, spitting in the face of every individual who ever had a creative thought. Obama has ventured to say straight out what only the theoreticians of collectivism have scribbled before: there is no individual achievement. What appears to be your achievement is somehow the achievement of that mystical entity,the collective–especially its earthly embodiment: the government.
This gigantic fraud is aimed at a single goal: re-assuring life’s losers that their failures are not their fault. “You can stop feeling guilty,” he’s telling them, “Thomas Edison, Jonas Salk, Steve Jobs, and the rest are really no better than you.” The audience for this moral vandalism is anyone who, deep down, knows he is a slacker, coasting through his days by mimicking others rather than thinking, getting by rather than achieving, existing rather than living.
The attack on the builders is a tacit confession–not “mea culpa” but “mea nulla”–I am nothing by *my own* knowledge, so I need to drag down to my level those who are *not* nothing. It’s the revenge of the zeros.
It’s bad enough to be a parasite, but it really turns ugly when the parasites deny the existence of those whose blood they are feeding off, when they take over what others built while snarling that the others didn’t build it. It makes one embarrassed to be in the same species with creatures having this psychology.
Obama seems to be borrowing his speeches from the villains of Atlas Shrugged:

“‘Genius is a superstition, Jim,’ said Dr. Ferris slowly, with an odd kind of emphasis, as if knowing that he was naming the unnamed in all their minds.
“There’s no such thing as the intellect. A man’s brain is a social product. A sum of influences that he’s picked up from those around him. Nobody invents anything, he merely reflects what’s floating in the social atmosphere. A genius is an intellectual scavenger and a greedy hoarder of the ideas which rightfully belong to society, from which he stole them. All thought is theft.”

And consider this exchange between Cherryl Brooks and James Taggart:

“‘Mr. Taggart, what is it that makes you so unhappy?’
“‘Why should you care whether I am or not?’
“‘Because–well, if you haven’t the right to be happy and proud, who has?’
“‘That’s what I want to know–who has?’ He turned to her abruptly, the words exploding as if a safety fuse had blown. ‘He didn’t invent iron ore and blast furnaces, did he?’
“‘Who?’
“‘Rearden. He didn’t invent smelting and chemistry and air compression. He couldn’t have invented his Metal but for thousands and thousands of other people. *His* Metal! Why does he think it’s his? Why does he think it’s his invention? Everybody uses the work of everybody else. Nobody ever invents anything.’
“She said, puzzled, ‘But the iron ore and all those other things were there all the time. Why didn’t anybody else make that Metal, but Mr. Rearden did?’”

Cherryl’s question is the one that blasts Obama’s anti-achievement line sky high. The whole purpose of “You did not build that” is to equate people, to drag down the great to the level of the average or sub-average. But if that were true, it would mean any corner lout could be yanked off the street, plunked down at a desk or at a lab bench and do what the great entrepreneurs, scientists, and inventors have done. The only reason Joe Sixpack didn’t find the Higgs boson is that he didn’t happen to be provided with a Large Hadron Collider.

ClinkinKY · Aug 7, 2012 - 11:42am

Corrupt to the core.

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

Emails: Geithner, Treasury drove cutoff of non-union Delphi workers’ pensions

Emails obtained by The Daily Caller show that the U.S. Treasury Department, led by Timothy Geithner, was the driving force behind terminating the pensions of 20,000 salaried retirees at the Delphi auto parts manufacturing company.

The move, made in 2009 while the Obama administration implemented its auto bailout plan, appears to have been made solely because those retirees were not members of labor unions.


Read more: https://dailycaller.com/2012/08/07/emails-geithner-treasury-drove-cutoff-of-non-union-delphi-workers-pensions/#ixzz22sLAiJEm
Dagney Taggart · Aug 7, 2012 - 11:51am

+100 hat tips.

So appropriate. Atlas Shrugged is playing out right before our eyes. It's so obvious to anybody who has read it and is productive in their own right.

That's why I'm here, now.

ClinkinKY · Aug 7, 2012 - 11:52am

Posted by William A. Jacobson Tuesday, August 7, 2012 at 11:15am

0 3

Gibson Guitar is paying hundreds of thousands of dollars in fines and foreiting possession of wood product used in guitars, based on the trumped up claim that it violated Indian law (and thereby a provision in U.S. law) in purchasing the “endangered” wood, as reported by The Christian Science Monitor (via Reason, h/t Mark Hemingway):

Federal prosecutors on Monday announced a deal to drop a criminal case against Gibson Guitar Corporation after the instrument maker acknowledged its importations of exotic wood violated environmental laws.

Nashville-based Gibson agreed to pay a $300,000 penalty, forfeit claims to about $262,000 worth of wood seized by federal agents and contribute $50,000 to the National Fish and Wildlife Foundation to promote the conservation of protected tree species.

“The agreement is fair and just in that it assesses serious penalties for Gibson’s behavior while allowing Gibson to continue to focus on the business of making guitars,” U.S. Attorney Jerry Martin said in a statement.

The privately held company is considered one of the top makers of acoustic and electric guitars, including the iconic Les Paul introduced in 1952.

“We felt compelled to settle as the costs of proving our case at trial would have cost millions of dollars and taken a very long time to resolve,” CEO Henry Juszkiewicz said in a statement late Monday night.

“This allows us to get back to the business of making guitars,” he said, noting that the settlement would allow them to continue sourcing rosewood and ebony from India as it has for decades.

As Reason reported at the time:

The feds raided Gibson for using an inappropriate tariff code on wood from India, which is a violation of the anti-trafficking statute known as The Lacey Act. At issue is not whether the wood in question was endangered, but whether the wood was the correct level of thickness and finish before being exported from India. “India is wanting to ensure that raw wood is not exported without some labor content from India,” says [Gibson CEO Henry] Juskiewicz.

Andrea Johnson of the Environmental Investigation Agency (EIA) counters that “it’s not up to Gibson to decide which laws…they want to respect.” She points out that Gibson had previously been raided under The Lacey Act for imports from Madagascar.

(video via Instapundit)

Absolute insanity. Over half a million down the drain for Gibson, not to mention whatever it has spent on attorney’s fees and business it has lost.

Read more:https://legalinsurrection.com/2012/08/small-business-gets-hammered-by-big-banks-and-lobbyists-oh-wait/

opticsguy · Aug 7, 2012 - 11:57am

The Patent Office would be dissolved. Nobody deserves to "own" intellectual property. Actually, O would probably only let big Pharma and GE own patents.

37 patents (and Oscar) and counting. I take this stuff seriously.

Dagney Taggart · Aug 7, 2012 - 11:57am

If I were Gibson, I would move manufacturing to Madagascar. F***ing parasites. Doesn't Madagascar have a right to manage their own resources and sell them to whomever they choose?

Dagney Taggart · Aug 7, 2012 - 11:59am

I was going to say, O would grant waivers to Big Pharm and Monsatan.

Mickey · Aug 7, 2012 - 12:03pm

There are people who paved the way for successful business people to make money and build empires.

I am specifically thinking about the great generation--the men and women who grew up in the depression and then went off to war (think 3-4 years with no telephones or internet to call home). Men and Women who served back then and created or maintained the foundation of whats being wrecked today before our eyes.

whether they be bankers or politicians these "wreckers" are teh problem --but they have control we have given them.

Funny- peculiar thought. President Obama had neither business experience or even political experience having not stayed in any elected position long enough to make his mark other than voting absent. He also did not serve in the our military which is not a criminal offense--=except just how did he distinguish himself. He left Illinois in deep financial problems. Just what has he accomplished other than making promises many liked and wanted to happen.

Just thinking.

Where are our heros when we need them-do we have any?

Short Stack · Aug 7, 2012 - 12:06pm

Bravo. Bravo I say.

gbend · Aug 7, 2012 - 12:07pm

Thank you S Roche for the link. Seeing as this cuts right to the heart of the world 's state of affairs, I tried to go to the

link that appeared on the screen early on in the video. It was: www.thedossier.ukonline.co.uk

Apparently it is no longer in service. Actually I am surprised this "Banking With Hitler" video is still on line itself.

How would these banksters explain their support of both sides on all these wars if this kind of thing became wide-spread

common knowledge. I hope I'm still around to watch it.

Short Stack · Aug 7, 2012 - 12:14pm

Where are our heros when we need them-do we have any?

Yes, but they're all in hollywood making EXPENDABLES II.

ClinkinKY Mickey · Aug 7, 2012 - 12:15pm
... let's let Joe Biden and Harry Reid explain...but it's the Conservatives who are racist. /s

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

Biden: Obama Clean, Articulate, Bright African-American

https://www.outsidethebeltway.com/biden_obama_clean_articulate_bright_african-american/

Nevada Sen. Harry Reid was impressed by 'light-skinned' Obama's lack of 'Negro dialect'

https://latimesblogs.latimes.com/washington/2010/01/harry-reid-barack-obama.html

I Run Bartertown · Aug 7, 2012 - 12:23pm

​"There are people who paved the way for successful business people to make money and build empires.

I am specifically thinking about the great generation--the men and women who grew up in the depression and then went off to war (think 3-4 years with no telephones or internet to call home). Men and Women who served back then and created or maintained the foundation of whats being wrecked today before our eyes."

I'm sure it won't be popular to say, since they're old, but here goes. I think you have to go further back to give credit. I think that generation was innocently led into an (unnecessary?) war and rallied impressively. Then they returned and took positions of power and presided over the decline of a nation. Many of the pieces were in place well before that, and it's only accelerated since, so I'm not blaming them entirely. But, what's 'being wrecked today before our eyes' has been being wrecked throughout their lifetimes. Their time came, and went. They were the critical mass of power through the late 60's and that's the era that most directly set the stage for our current issues. 

Dagney Taggart · Aug 7, 2012 - 12:23pm

You have a link to the Forbes article. I want to pass it around the office.

Nevermind. Should try refreshing the page next time.

opticsguy · Aug 7, 2012 - 12:25pm

eom

Dagney Taggart · Aug 7, 2012 - 12:40pm

I guess all I have left to do is dye my hair orange.

Nana · Aug 7, 2012 - 1:17pm

Speaking of monsatan

https://www.naturalnews.com/036710_GMO_animal_experiments_infertility.ht...

GMOs cause animals to lose their ability to reproduce, Russian scientists discover

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