Perspective

As we all sit in angst, watching the metals trade tick-by-tick, I have something rather timely for you.

I want to thank Dr. Dave Janda for making me aware of this video. It was posted to YouTube on Saturday but I have no idea when it was produced. That hardly matters. The subject matter is relevant and consistent with all of the themes here at TFMR.

As you know, I am convinced that the world will soon return to some type of gold-backed monetary system. This is not optional and it is not subject to debate. The creditor nations will, one day soon, enforce this system upon The West. To this end, China is rapidly accumulating gold, the latest summary appearing yesterday at ZeroHedge ( http://www.zerohedge.com/news/2012-10-21/chinese-gold-imports-through-august-surpass-total-ecb-holdings-imports-australia-sur).

One of the leading proponents of the "Currency War" theory is Jim Rickards. In this video, Jim discusses the "war game" sessions in which he has participated where possible currency war scenarios are played out. You'll find the video thought-provoking and educational but you'll also find it to be timely. As The Cartels play their paper games and lead the spec money by the nose to their desired end, we must stay focused on the bigger picture and continue stacking metal in preparation for the inevitable outcome. Whether that end comes via the scenarios laid out here by Rickards is insignificant. The end of the current global monetary system IS coming. At least you, my dear reader, have been forewarned.

TF

79 Comments

Groaner's picture

The US pig is starting to fall..Dow is bidding up.

I still say the Benank has to sooth the markets today for the elections.. How can they let it fall much more? After, thats another story.

I hope the miners jump today too.

Groaner's picture

I hear Maund got one new sub. for the call on shorting

gold and silver at the highs..   the odds are good he would get it right sooner or later.

Gee,, 7 times silver has tried to break $32.. 

thurd aye's picture

Agenda,Mr Bollocks?

I would like to know your reasoning for three posts saying the MSM British media have decided on Romney? We both read the  Daily Mail,a  large circulation and influential rag , none the less.

What is your agenda Mr.Bollocks? Thanks.

 

 

Too little too late, Mr President? Romney DOUBLES his lead in new national poll just hours after Obama goes to war in final TV debate

Attack: Obama said that Romney's foreign policy was 'wrong and reckless and all over the map'

The Republican candidate held a four-point lead in the Rasmussen tracking poll released on Tuesday, with 50 per cent of the vote compared to 46 per cent for the President.

http://www.dailymail.co.uk/news/article-2221889/Presidential-debate-2012-Mitt-Romney-widens-poll-lead-debate.html

Groaner's picture

the USD just dropped 11 ticks and at the same time

they smack silver, more than gold.. unbelievable .. 

Patrancus's picture

Obama foreign policy

Obama foreign policy is to United States of Islam

Will the real life story of incredible bravery, and the extreme courage of warriors Glen Doherty and Tyrone Woods be lost just because of Machiavellian politics ?

Updates as more information is coming through.  Even if the true story of their heroism casts an uncomfortable light of truth.  They deserve it.
President Obama implied, quite intentionally, in his Weekly Address that Glen Doherty and Tyrone Woods were part of Ambassador Christopher Steven’s security detail:
Glen and Tyrone had each served America as Navy SEALs for many years, before continuing their service providing security for our diplomats in Libya. They died as they lived their lives — defending their fellow Americans, and advancing the values that all of us hold dear.
-President Obama (Weekly address)
Sounds good, the only problem is this statement is a total fabrication.   Yes, they were both former Navy Seals, but neither Tyrone nor Glen were part of the Ambassadors official security detail.
No.  The truth is: they heard the attack, they heard the gunfire, and despite the danger to themselves they rushed into the breach taking weapons from the frightened Libyan security officials to help protect the American Consulate, Ambassador Stevens and his embassy aide Sean Smith.
Both Tyrone Woods and Glen Doherty were under no obligation to assist, protect or defend Stevens.   They could have bugged out, they didn’t…..  They ran into the breach.   It was, and is, an important enough distinction such that two U.S. officials quickly wanted to tell the truth.   They told the Guardian:   
[...]  they feared the Obama administration’s scant description of the episode left a misimpression that the two ex-Navy SEALs might have been responsible for the ambassador’s personal safety or become separated from him.
“Woods and Doherty weren’t part of the detail, nor were they personally responsible for the ambassador’s security, but they stepped into the breach when the attacks occurred and their actions saved others lives — and they shouldn’t be lumped in with the security detail,” …..
According to what scant actual information is available the former seal team members, Glen Doherty and Tyrone Woods, appear to have been in Libya because they were contracted by another intelligence office, probably the CIA, to track down the missing surface-to-air missiles from the initial rebel uprising.
During the Gadaffi overthrow massive stockpiles of Libyan weapons including MANPADS and other surface to air missiles were looted from the military storage facilities.  Estimates put the number of missing missiles around 20,000.
It appears Doherty and Woods were in Libya to track down those weapons.   As a consequence of their visit they were crashed at an annex to the US consulate grounds using it as a safe place to meet, coordinate, and evaluate their ongoing intel.  Their location was approximately a half mile from the main consulate compound area.
They were inside an annex building when the main consulate complex came under attack from the Libyan al-Qaeda terrorists.   They heard the distant shots and responded to a call for help from the compound itself.   Both Woods and Doherty evaluated the assassination attempt, and immediately took up arms to defend Ambassador Stevens.
Their heroism is incredible when you consider what they were facing.   Doherty and Woods reached the main compound of the Consulate and evacuated approximately 20 employees.   Unfortunately, Ambassador Steven’s aide Sean Smith was already dead when they arrived.   Woods and Doherty fought through the firefight, and took the consulate employees back to the annex building where again they came under another wave of attacks.
Between the initial firefight at the Main Consulate, and at the annex building, for over two hours they were able to fight back against approximately 200 al-Qaeda terrorists, who pre-planned and coordinated the attack to occur in two stages.
The second wave of attacks at the annex brought even more firepower upon them.  Yet they held their position providing time for the 20 consulate employees to be rescued.  In total for over two hours they held off upwards of 200 attackers, under heavy fire from RPGs, mortars, and at least one 23mm Anti Aircraft gun firing on their position(s) around the consulate grounds and the annex building.
This story must be told.  The heroism of Doherty and Woods MUST surface.  They deserve it.   Unfortunately, because the truth represents a risk to the manipulated narrative of the White House and State Department, it will be up to outsiders to keep the pressure on and force the truth to the surface.
If we leave it up to the Administration and the State Department we will probably never know the TRUTH and the heroism of Woods and Doherty will not be fully recognized or appreciated.
These guys died while defending US interests because they were brave patriots who put country ahead of self.
We will not let their courage be hidden or diminished.   I promise to do all I can to keep their story in the spotlight and provide their family the full measure of appreciation for their bravery.
They deserve it.
We will not forget, and will keep fighting for the recognition they deserve.

Brandon Webb is a former Navy SEAL, author of a memoir, “The Red Circle,” and editor-in-chief of SOFREP (Special Operations Forces Report). He served with his best friend, Glen Doherty, at SEAL Team 3, where they were sniper students together. They had just completed a book together, “Navy SEAL Sniper,” which is due out in January. He Penned this farewell to his friend:

Glen,
I still can’t believe you punched out early on me, but glad to hear from the guys that you fought like a hero–no surprise there.
You should know, your efforts resulted in the rescue of over 20 Department of State personnel. They are alive today because of yours and Ty’s heroic action.
I know you hate funerals as much as I do but, the service in Winchester was humbling and inspiring. The people of Boston are amazing. I had to choke back the tears as me and the boys rolled through town, and thousands of people lined the streets to honor a hero and our friend and teammate. Seeing American citizens united around a hero, if only for a brief moment, restored my faith in humanity and that there’s other things more important in life than killing each other.
Your family is and was amazing. Their poise, patience and the dignity they displayed was incredible to witness. Your mom, Barbara, stood by stoically for hours to ensure she greeted everyone who came to pay their respects. She was an inspiration to everyone who watched. Seeing your dad, his sadness and how proud he was of you, made me give him a big hug, and reminded me to work harder at patching things up with my own father.
Greg delivered one of the best talks I’ve ever heard under the most difficult of situations. What an amazing brother; I hope to get to know him better. His speech made me reflect on my own life choices and how important our relationship with friends and family are. I’m going to work harder at embracing my friends and family the way you always did.
Katie gave such an awesome toast at the wake with all the Bub lessons to live by, I smirked secretly to myself knowing that I’ve heard them all before and will never forget. “Drive it like it’s stolen!” and “Kids don’t need store-bought toys, get them outdoors!” and all the rest.
Your nephews are amazing and so well-behaved. Great parents of course. F.Y.I., I told them I’d take them flying when they come out west. They were beaming when I described all the crazy flying adventures me and their uncle went on. I told them how you and I would fly with my own kids and take turns letting them sit on our laps to get a few minutes at the controls. I’ll do it up right and let them each have a go at the controls.
Sean has been steadfast in his support role and has handled everything thrown at him. Helping him this last week really showed me why he was such a close friend of yours. He’s solid, and I look forward to his friendship for years to come. You chose well having him execute your will, he’s solid.
We are all dedicated, as you explicitly indicated to us all, to throw you the biggest eff-ing party we can, and to celebrate your life as well as our own. Done deal; Sean and I are on it.
Most of SEAL Team 3 GOLF platoon showed up in Boston. It was great to see how guys like Tommy B. just made stuff happen, no matter what was needed. Things just got handled like men of action handle them, no questions asked and no instructions needed — just get it done in true SEAL fashion.
One by one the Tridents were firmly pounded into to the mahogany as the guys paid their respect. Mike and I handed the plank to your mom, choked back tears, and kissed her on the cheek. We both told her how much you’ll be missed by us all.
Afterwards, the Team Guys, Elf, Steve, Sean and others tipped a few back in your honor. In good Irish fashion we drank whiskey from Sean’s “What Jesus Wouldn’t Do” flask, hugged each other like brothers and said goodbye, each in our own way.
We are planning the yearly surf trip to Baja in your memory. We share Steve Jobs’s philosophy on religion and tolerance, but if you can arrange it, please talk to whomever and fire up a good south swell for me and the boys.
My kids will miss their Uncle Glen. I told them it’s O.K. to cry (we all had a good one together) and to be sad but not for too long. You wouldn’t want that. They will grow older, and like the rest of us, and be better human beings for having known you.
You definitely lived up to the words of Hunter S. Thompson:
“Life should not be a journey to the grave with the intention of arriving safely in a pretty and well-preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming “Wow! What a ride!”
When I skid in broadside in a cloud of smoke myself I’ll expect to see your smiling face handing me a cold beer.
See you on the other side, brother. You are missed by many.
 
 
 
 
 
 
 
 


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murphy's picture

good article

From Kuntsler via a poster via Quinn

The systems that we depend on for running everyday life can all be clearly described and understood: commerce (WalMart); farming (agri-biz); transportation (happy motoring + airplanes); medicine (sickness hostage racket); education (babysitting), and so on. All of them are near the end of their existence in their current mode of operation. But the system in greatest danger is finance, which is system that is supposed to manage our accumulated wealth and deploy the surplus for purposes that keep civilization going. Finance is the sickest of all these systems now and the one that is most susceptible to collapse.......

The result is a money management system that could collapse at any moment into a vacuum of unreality, and the chaos that would ensue is capable of wrecking the current incarnation of advanced industrial civilization. Mitt Romney represents all the forces that seek to pervert truth in banking, markets, trading, and commercial business. He made his fortune in a business of lethal arbitrage, hunting through the underbrush of American business like a poisonous snake, striking his victims in stealth and then consuming them. Barack Obama, lawyer and president, forgot that one of his duties is hunting snakes, and has allowed the garden of America to become overrun with snakes. There is even the pretty good chance that, if he loses this election, Mr. Obama will become one of those snakes himself.

     Personally, I have no faith in either of them, and watching them pretend to battle in the trumped-up arena of “debate” makes me sick.

http://thestrangestbrew.com/?p=2375

SilverSurfers's picture

VG.TO

It was kind of weird. Yesterday early, I mentioned VG.TO on this cite only.

And this wild ride .... 43% interday move is something to notice.

http://seekingalpha.com/article/944691-veris-gold-yukon-nevada-gold-stupidity-at-its-finest?source=yahoo

Groaner's picture

Wow the interest here is dropping like the metals!

I guess I am brain dead.. I cant fathom how these things trade.. 

That pop in the dow is fizzling..  Will the Bernank save the day? I dont know what else he can say, he has already shot his load.

agNau's picture

@ Bernanke's thoughts.....

oooo0000OOOOO. must have inflation, must have inflation, must have.....must weaken the dollar, must weaken the dollar, must weaken.......must strengthen the Euro, must strengthen the Euro, must strengthen......what would John Corzine do?, what would John Corzine do?, what would.......must steal customers assets, must steal customers assets, must steal! OOOOO000000oooooooo

Groaner's picture

OK explain to me why gold and silver get hit after

bad home sale data??? To me that is gold positive.. duhhh

Orange's picture

Fed Meeting

Looks like they wants to smash gold and silver before the fed minutes coming out at 2:15

ivars's picture

Do not use so much bold text,

Do not use so much bold text, please. Except if silver reaches 40.

¤'s picture

Almost last

Groaner's picture

Gold is sitting too close

Too close to falling off the $1700 marker.. I wonder how many sell stops are there?

Groaner's picture

Here is a good 2 page read on gold rigging.

http://www.marketwatch.com/story/china-knows-that-gold-is-rigged-2012-10-24?link=MW_home_latest_news

China knows.. no kidding we all do, but so what...? Nothing will change

He quotes Greenspans famous.. We are ready to lease gold to manage the price if it rises.. 

tread_w_care's picture

@patrancus - amazing story, can it be shared?

Is it published anywhere on the net?  Looks like it might be an e-mail circulating?
 

Outfitter's picture

Groaner

Ease up on the caffeine and take a breath.

Were you a play by play announcer at some point in your life or what? smiley

Rui's picture

Silver OI barely changed

While gold OI dropped about 1% after yesterday's weakness, silver OI went down only 180 contracts (0.13%) and remained above 140k. I don't recall seeing this kinda divergence b/t gold and silver before especially considering that silver fell harder than gold yesterday. You wouldn't think silver has corrected 10% if you only look at the OI #s.

Patrancus's picture

Into the breach

Oct 20, 12 16:31 

Post #1 of 4 (121 views) 

Glen Doherty and Tyrone Woods--Into the Breach Quote | Reply

Heros: http://theconservativetreehouse.com/...dly-into-the-breach/ 

Someone should forward this letter to Obama: 

Glen, 

I still can’t believe you punched out early on me, but glad to hear from the guys that you fought like a hero–no surprise there.

You should know, your efforts resulted in the rescue of over 20 Department of State personnel. They are alive today because of yours and Ty’s heroic action. 

I know you hate funerals as much as I do but, the service in Winchester was humbling and inspiring. The people of Boston are amazing. I had to choke back the tears as me and the boys rolled through town, and thousands of people lined the streets to honor a hero and our friend and teammate. Seeing American citizens united around a hero, if only for a brief moment, restored my faith in humanity and that there’s other things more important in life than killing each other. 

Your family is and was amazing. Their poise, patience and the dignity they displayed was incredible to witness. Your mom, Barbara, stood by stoically for hours to ensure she greeted everyone who came to pay their respects. She was an inspiration to everyone who watched. Seeing your dad, his sadness and how proud he was of you, made me give him a big hug, and reminded me to work harder at patching things up with my own father. 
Greg delivered one of the best talks I’ve ever heard under the most difficult of situations. What an amazing brother; I hope to get to know him better. His speech made me reflect on my own life choices and how important our relationship with friends and family are. I’m going to work harder at embracing my friends and family the way you always did. 

Katie gave such an awesome toast at the wake with all the Bub lessons to live by, I smirked secretly to myself knowing that I’ve heard them all before and will never forget. “Drive it like it’s stolen!” and “Kids don’t need store-bought toys, get them outdoors!” and all the rest. 

Your nephews are amazing and so well-behaved. Great parents of course. F.Y.I., I told them I’d take them flying when they come out west. They were beaming when I described all the crazy flying adventures me and their uncle went on. I told them how you and I would fly with my own kids and take turns letting them sit on our laps to get a few minutes at the controls. I’ll do it up right and let them each have a go at the controls. 
Sean has been steadfast in his support role and has handled everything thrown at him. Helping him this last week really showed me why he was such a close friend of yours. He’s solid, and I look forward to his friendship for years to come. You chose well having him execute your will, he’s solid. 

We are all dedicated, as you explicitly indicated to us all, to throw you the biggest eff-ing party we can, and to celebrate your life as well as our own. Done deal; Sean and I are on it. 

Most of SEAL Team 3 GOLF platoon showed up in Boston. It was great to see how guys like Tommy B. just made stuff happen, no matter what was needed. Things just got handled like men of action handle them, no questions asked and no instructions needed — just get it done in true SEAL fashion. 

mike-Monsoor-coffin_12-04-0.jpg 

One by one the Tridents were firmly pounded into to the mahogany as the guys paid their respect. Mike and I handed the plank to your mom, choked back tears, and kissed her on the cheek. We both told her how much you’ll be missed by us all. 

Afterwards, the Team Guys, Elf, Steve, Sean and others tipped a few back in your honor. In good Irish fashion we drank whiskey from Sean’s “What Jesus Wouldn’t Do” flask, hugged each other like brothers and said goodbye, each in our own way.

We are planning the yearly surf trip to Baja in your memory. We share Steve Jobs’s philosophy on religion and tolerance, but if you can arrange it, please talk to whomever and fire up a good south swell for me and the boys. 

My kids will miss their Uncle Glen. I told them it’s O.K. to cry (we all had a good one together) and to be sad but not for too long. You wouldn’t want that. They will grow older, and like the rest of us, and be better human beings for having known you. 

You definitely lived up to the words of Hunter S. Thompson: 

“Life should not be a journey to the grave with the intention of arriving safely in a pretty and well-preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming “Wow! What a ride!” 

When I skid in broadside in a cloud of smoke myself I’ll expect to see your smiling face handing me a cold beer. 

See you on the other side, brother. You are missed by many. 
-B.W. 

"I really wish you would post more often. You always have some good stuff to say. I copied it below just in case someone missed it." BarryP to Chainpin on 10/21/06 
 

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