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 - 11:54am

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 Jtpbeta
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.

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