Low E

Fri, Jan 4, 2013 - 11:42am

As a middle-aged American male, I'm told by my television that I should be concerned about "Low T"...Big Pharma slang for low testosterone. So far, so good on that one (as MrsF will attest ). A much bigger problem right now is "Low E"...Turd slang for low enthusiasm.

Maybe tomorrow I'll write a post that discusses the MOPE and crap of yesterday. That The Fed can/will end QE as soon as later this year is so nonsensical that it doesn't deserve logical refutation.

Maybe tomorrow I'll write a post that discusses the latest BLSBS, replete with buried statistics and mentions of participation rates and seasonal adjustments.

Maybe tomorrow I'll write a post that includes a bunch of charts with lines drawn all over them, showing where price might stop and reverse.

For now, I only want to write about the one thing that bothered me the entire time I was on vacation...the CFTC.

You see, here's the problem: I'd like to have hope. I see things. I talk to people. I read a lot. And I think. All of this leads me to the conclusions I espouse here. Namely, that the end of The Great Keynesian Experiment is upon us and we all need to prepare accordingly. The politicians are all corrupt. The U.S., and the world for that matter, is ruled in favor of the very few, particularly the international bankers. The global economic system is about to collapse and morph into something completely different from what we've all known our entire lifetimes.

But, I'd like to have hope. Hope that I'm wrong. Hope that I simply have an overactive imagination. Hope that I am just channeling Russell Crowe playing John Nash, seeing clearly nothing but make-believe conspiracies and foolishly connecting the dots.

But the problem is...the CFTC. There the illusion and hope unravels.

You'll surely ask me how I know and I'll say "I don't". So, don't bother. I have no proof. Only faith and trust which could also be misplaced. But I am entirely confident that the CFTC has been given, all wrapped up in a neat little package, everything they need to prove, beyond a shadow of a doubt, that the metals markets are wholly and entirely manipulated for the gain of a few bullion banks. Instead of acting promptly, to restore order and confidence in "free and fair markets", they dawdle. They stall. They issue no statements. They conclude no investigations. And, most importantly, they allow the crime to continue as if nothing has changed. Only now they are accomplices, to the point of being co-conspirators.

And this is the problem. Hope is gone. Not that the CFTC was some hoped-for, last bastion of integrity. That's not it at all. They are, instead, the proverbial "straw that broke my back". Because now that I know that the CFTC is negligent and corrupt and only serving to protect and defend their TBTF overlords, my hope is gone. And, again, I'm not talking about hope for a resolution to the metals manipulation, I'm talking about hope that the entire western political and economic system really isn't as corrupt and narcissistic as it seems. For it's impossible not to reach the following conclusion:

  1. The CFTC is protecting a major TBTF, Fed primary dealer by refusing to acknowledge the manipulation.
  2. If this one, government bureaucracy is in the back-pocket of the banks, all of the rest likely are, too.
  3. And if all of the agencies are in the back-pocket of the banks, then the politicians are, too, because most of the bureaucrats are political appointees.
  4. And if all of the politicians are in the the back-pocket of the banks, then the entire political system is a sham. There are no elections. It's all just an illusion designed to mollify the masses.
  5. And if that's the case, what kind of world do we really live in?

So, you can see my problem here. I suffer from "Low E". Why bother to write about all of the day-to-day stuff? Why mark up all my silly charts? Once hope is gone, soldiering on can get pretty challenging. Perhaps I can draw renewed inspiration from the idea of "awakening the masses". Logic suggests that only by operating within the matrix can you reach those still contained therein. But I don't know. I really don't. Inevitably, the first question is: Why try at all?

Let me work on that for a while and I'll get back to you soon. Maybe tomorrow.


About the Author

turd [at] tfmetalsreport [dot] com ()


Jan 4, 2013 - 11:44am


OK Second

Jan 4, 2013 - 11:45am

wow! 2 (or so)

wow! 2 (or so) ...well anyway, about my best to far ...

Jan 4, 2013 - 11:47am


Can't find the criminals

Jan 4, 2013 - 11:47am

Removed comment

Removed comment.

Jan 4, 2013 - 11:49am


"the entire political system is a sham. There are no elections. It's all just an illusion designed to mollify the masses."

Aha! Turd, you are starting to sound like us conspiracy wackos. Your post above isn't that far from sounding like Mr Fix. Be sure that you intend this direction before going any further. You'll be questioning the official view of 9/11 next. ;-)

Jan 4, 2013 - 11:50am

Does that mean..

,,, the Cartel are unstoppable and buying metals is a mug's game?

Mr. Fix
Jan 4, 2013 - 11:51am

Nice to have you back.

I have been anxiously awaiting your return,

don't ever stop doing what you're doing,

you are a service to mankind.

Byzantium Anonymous
Jan 4, 2013 - 11:52am

re: Turd, Take Down tfmetalsreport!

A third option, is perhaps to increase the frequency of 'guest posts,' which has a precedent, re SRSrocco, and CALawyer, to give you some days off.

Jan 4, 2013 - 11:52am


I completely concur but your bold venture was never just about the metals but about creating a community and preparing accordingly in all the other ways that are needed. You and this community have helped me in so many ways and for that I am truly grateful.

Maybe a new focus away from metals prices, TA & all the other manipulated elements is in order for a bit? I dunno just thinking out loud really.


Pax Argentum
Jan 4, 2013 - 11:53am

Hope is not a strategy...

...but Faith will see you through.

Faith that, once the collapse happens and things reset, we will learn from our past monetary mistakes.

Faith that our Founders actually did know what they were doing when they wrote the Constitution.

Faith that there actually is good in people and that arrogance, corruption and narcissism, while always present, eventually will bring about a downfall.

And Faith in God, that things are in His hands.

Prepare, build community with your neighbors, and keep stacking.


Jan 4, 2013 - 11:54am

Buy, Buy........

I love this,, STACK, STACK, stack, stack .... as Mr. T would say BTFD!

and it is just after payday. YES!


Jan 4, 2013 - 11:54am

Well Turd, someone seems to be waking up...

The Other "Mint" Campaign Starts Off With A Bang: US Mint Sells 50,000 Ounces Of Gold On First Day Of Year

Submitted by Tyler Durden on 01/04/2013 10:55 -0500

And we're off to the races. Despite, or maybe thanks to, the relentless collapse in paper gold prices, US retail continues to ignore the day to day fluctuations in the stated value of the shiny metal (most of it driven by the BIS' Benoit Gilson), and instead has learned to take advantage of every drop to BTFD. As the US mint website reports, the very first day of 2013 saw a whopping 50,000 gold ounce sales, and another 7,000 on the second, which is nearly the entire amount sold by the mint in December, and just shy of half in all of January 2012. Which in turn means that gold raids are now becoming counterproductive: instead of disincentivizing retail purchases, they are merely accelerating them, in the process leading to ever more paper to physical currency conversion. The "trillion dollar platinum coin" may well be the dumbest idea around, but the "one ounce gold coin" idea is rapidly becoming the most popular one, shared by all who see that the only possible outcome for the "developed world" is more ceaseless devaluation of every paper currency in the world.


Jan 4, 2013 - 11:55am

From last thread: Mining stock orders

Does anybody have an idea why I couldn't file a market order for various mining shares, such as Lincoln Mining?

Market is open, everything is fine. Does anybody have an idea what is going on? I've put limit orders in, but they are not getting executed. Is it a problem with my broker, or something else?

Jan 4, 2013 - 11:57am

Well said Turd

This whole suppression scene reminds me of the ending in 1984 when Winston Smith is morally and physically defeated by O'Brien/Big Brother. It makes me sick to my stomach witnessing the whole event unravel. There's nothing worse than watching a lie take place right before your eyes and there is nothing you can do about it.

I think Santa's advice is best... ignore the daily noise. Gold and silver are truth and they will prevail eventually.

H - original
Jan 4, 2013 - 11:58am

Thanks Turd

For all you do.

Thank you to everyone else here too. I don't post often. Been around since the beginning and read every day.

All of you have changed my life, and improved both my wife and my future, and the future of our young son! Been an amazing journey so far... But I'm fully aware that we've only just begun.

Happy New Year to all of you!


Jan 4, 2013 - 11:58am

@ Mission dweller


So, we feel like we are being beat up like in a Rocky movie, but day after day.

Your post shows us that the other guy in the ring (the cartel) might be faring as bad, or even worse.

Bring it on!

R man J tpbeta
Jan 4, 2013 - 12:02pm

Those who have mapped their future need this


Writing intelligently from the heart as to why PMs are necessary to own. That's the service. The smartest people I know understand this. It is about freedom. Its about real money. Its about thinking independently. Freedom is worth something, and to the extent that I give up on PMS, to that extent I give up on freedom.

Physical PM investors are right and that fact will never change. The only way for it to change would be for THE WRONG to destroy all good at the end of a barrel of a gun (total dictatorship and confiscation). That has not happened.

Tpbeta's comment as a long-time poster yet still doubting metal purchase validity shows how great the need is for a living oracle of common-sense and how much learning and strengthening is still needed.

Mr. Fix
Jan 4, 2013 - 12:05pm

Dear Mr. Ferguson,

I can completely relate to where it is that you are coming from with today's post.

Sometimes just getting away from it all for a while gives one a enough time to think, and to draw some inescapable conclusions.

The result of drawing those conclusions is an undeniably emotional experience.

Feelings are not facts, and they do pass.

It takes a little while to accept the system that we are now living in,

and you have accurately described it to the best of my knowledge.

You have successfully built a community of some of the most well-informed market participants on the planet.

This is no small accomplishment, and with just a little bit more thought, combined with the fresh set of conclusions that you have just drawn, you will embark on a new path.

You have made a lot of friends here, when you're feelings of horror in the current system finally subside,

you will have a newfound strength, and you will find strength in numbers.

There is no turning back,

you picked the red pill.

Discovery of the truth is the inevitable outcome of that decision.

You can still help all of us plan accordingly, in many ways you already have.

Jan 4, 2013 - 12:06pm
Jan 4, 2013 - 12:06pm

Well said Turd

Kudos to you for having your writing stay fresh and more and more to the point as time goes on.

Going along with your "loss of E" and singling out the CFTC, I would like to single out the rating agencies.

It is amazing to me that the vast majority of even "cultured" thinkers believe things such as the US Treasury Bond can still be "risk free." A large portion of this misplaced trust lies within the corrupt rating agencies which fail to identify any real risk when it comes to the status quo/TBTF, as most obviously seen in 2008.

The scary thing is that all the insurance companies, pension funds, reserves around the world, etc... are all using the assumption that the US Treasury bond is "risk free," and AAA or AA. If the rating agencies ever decide to downgrade the US Debt to a more reasonable assumption based onto what the present situation looks like for Uncle Sam repaying its bills (every day it gets worse), all of these major institutions would be royally screwed as many of them are required by law to hold AAA or AA "assets." A cascade waterfall of liquidation would surely happen if these agencies marked risk properly... but with a cascade effect of those proportions being the consequence, of course this power will not lie within the hands of an independent agency.


With my short rant being over.. I would like to say a few great things about this community.

1) Nowhere else that I have found is there a higher concentration of people with an open mind and and similar fundamental understanding of the problems that are facing (especially a free site).

2) Nowhere else is there a blogger who interacts with his community and has members who write lengthy guest posts and valuable information they want to share with others.

3) Nowhere else do you get the consistent updates and human passion in a community update that Turd and members provide here.

I could keep going but I will save this topic for a more organized post.


We are living in the most interesting times of humanity. What will we as individuals and as communities do when the illusion drops and a grimming reality is presented to us instead. That is what the preparation for the end of Keynesian economics entails.

Jan 4, 2013 - 12:10pm

Stop Stealing Dreams - Comments on Education System

I enjoyed this, thought I'd pass it along.

Jan 4, 2013 - 12:10pm

The HUI as a pricing clue

Often deemed to be a tip off to those in the know, the HUI is said to signal the next PM price move.

I only see the HUI with the kitco 45 min delay, but at present it is still down on the day, following an awful day yesterday, so some more pain might still be on the way.

Jan 4, 2013 - 12:10pm



or fifth

OK, now I read Turds post. Wow, that is some serious shiznit. But I also kinda suspected it with minimal posts & no podcasts in over a week at TTM.

I can't tell you what to do Turd and the point made about putting a target on your back is a good point. But I have no idea what you REAL motivation was for starting this. You awakened me, actually I wanted awakened so I allowed you to do so. But anyway, if your goal is to continue waking people up, then don't stop.

Plus, where the heck am I going to get all the valuable information posted by a vast majority of these members of this community?

If it helps, I bought 2 tubes of 2013 ASE's on New Years Day. Thanks for everything.


Fat Willie
Jan 4, 2013 - 12:11pm

Why not go public?

Turd, thank you for all you do, everyday, to keep up the fight.

If the manipulation info is there, and the CFTC won't budge, why not take it public? Seems like there wouldn't be much to lose. Even with an ongoing investigation, there would be plenty of uninvolved parties who would not be bound by an NDA who could release the info. Maybe we can't beat them. But it sure would be nice to shame them. Publicly.

The game is rigged. Taxes are rigged. The whole country is corrupt to the core, and is based on lies supported by the complete idiocy and disinterest of the average Joe. All I can think of now- where in the world to go?


Jan 4, 2013 - 12:14pm

@R man J

My problem is that I'm being asked to believe in the scenario of Comex default which has no evidence to support it. The CTFC are never going to do anything, and JPM are rich enough to manipulate a small market like silver for ever. It's a problem.

Jan 4, 2013 - 12:16pm

Another see's the light.....

and begins the gut wrenching process of exiting "The Matrix"! From this day forth know that you have taken the right path. Turn off the TV, never read another paper, trust the feeling in your gut that tells you......You are Right!

Dyna mo hum
Jan 4, 2013 - 12:16pm

Here you go

these will be for sale on ebay next week for $9.99 but wait they can double your order for $15.99 https://abcnews.go.com/blogs/politics/2013/01/trillion-dollar-coins-the-...

Jan 4, 2013 - 12:17pm

4th Stage?

Turd, sounds like you're already in the 4th stage of grief over the death of hope. (read low E for depression - what's the point etc).

Next stage acceptance.

Then perhaps you will see clearly the way forward for you and this site. With your qualities that we see day in day out I'm sure you'll continue to contribute positively to this world that desperately needs people of honor and courage.

Jan 4, 2013 - 12:17pm

@ Tpbeta

I doubt Turd would say that buying metals is a mugs game, but I do think this post today is related to his HEH theory and I think he/we now know that the catalyst for HEH is most likely dead in the water. Reading between the lines, it seems to me that HEH was predicated on the fact that the "CFTC has been given, all wrapped up in a neat little package, everything they need to prove, beyond a shadow of a doubt, that the metals markets are wholly and entirely manipulated for the gain of a few bullion banks". If the CFTC had acted as one might think, it could have had an explosive impact on the silver price. This is not going to happen. The CFTC will do nothing, and the cartel will control the price of the metals until they don't. That could be 10 months from now or it could be 10 years from now. I think everyone should now realize that buying metals probably has a place in your investment portfolio, but to expect it to make you rich is only fool hearty. I think the cartel hopes they can manage the price until the economy improves, employment returns, and real economic growth dull any investment demand for the metals. If they are successful, the metals will most likely never see the prices many here believe to be certain. If they fail, and the dollar crashes, or the system has to be reset, your metals will be priced significantly higher. By buying metals, you are essentially wagering the latter occurs. I still think the crash of the dollar or the abandonment of the dollar as the reserve currency may occur, but it most likely will not occur for a long time. These things rarely occur quickly. I very much doubt you will wake up one morning a silver has been repriced multiples higher. Although, I do believe there is a better than not chance that you wake up 10 years from now and silver will be priced higher than today.

department of truth
Jan 4, 2013 - 12:18pm

You ask, "What kind of world do we really live in?"

If you really want to know the answer to question#5, check this out:

The men who killed Kennedy:
https://www.youtube.com/watch?v=x2agPurqFJk&feature=related part 1

https://www.youtube.com/watch?v=VI07govlUqI&feature=related part 6

(there are four other episodes, also have amazing data. I think the autopsy at Bethesda shows the depth of government involvement. The last episode with the green beret testimony shows the link to the CIA).
Eventually, George Bush (the first) was elected President. He had been the head of the CIA, the agency which probably played the principle role in Kennedy’s killing. One of the things he did was to OK a massive project to destroy the Soviet Union, which involved the use of hundreds of billions of dollars of funds that had to be obtained covertly.

At its inception, the program was conducted well within policy framework of the U.S. government as defined by several Executive Orders authored by Vice President Bush and signed by President Ronald Reagan. There is good reason to believe that the plan was initially formulated by Reagan’s CIA Director, William Casey. While accomplishing its objective – bringing about the demise of the Soviet Union– the program also seems to have lined the pockets of the individuals that executed this policy, at US taxpayer expense. This was done to the tune of a mere $240 billion dollars in covert and allegedly illegal bonds, which appear to have been replaced with Treasury notes backed by U.S. taxpayers in the aftermath of September 11.

The banks of course have been instrumental helping to arrange this. Maybe one reason why they became so untouchable?

The covert securities used to accomplish the original national security objective of ending the Cold War ended up in the vaults of the brokers in the World Trade Center, and were destroyed on September 11, 2001. They came due for settlement and clearing on September 12. The federal Agency investigating these bonds – The Office of Naval Intelligence- was in the section of the Pentagon that was destroyed on September 11. To a key group of senior National Security officials who had participated in the victory of the economic cold war in 1991, the WTC, the Pentagon, the four airliners and their occupants would became ‘collateral’ damage in the ending of the Cold War

The day before 9/11, on Sept 10, 2001, it had been announced that $2.3 trillion was "missing" from the Pentagon. They could not afford to let this be investigated.


There is a detailed explanation of this information, and how it relates to 9/11 in this document https://bank3.org/download.php?id=3783

Movie made in Italy about 9/11: https://www.youtube.com/watch?v=8XRMrMdn0NQ

and this documentary: https://911expertsspeakout.org/the_film.html made by the Architects and Engineers for 9/11 Truth.


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