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 ()


Green Lantern
Jan 4, 2013 - 7:59pm
Jan 4, 2013 - 8:15pm


Turd, you are a brave and wise man fighting a spiritual battle with truth and wit and charm. Keep up the good work. Nothing with this much at stake was ever going to be easy. Do you think it was easy for the founding fathers.? You have created an army of followers and fellow brothers in arm and educated many with many more still to come. Be proud that you can tell your grand children that you didn't sit idly by and let the socio paths and psychopaths rule.

Blessings to all the Turdites


Jan 4, 2013 - 8:24pm

Thank you

I don't usually come to my own defense because I never want to be seemingly making excuses. However, in this case:

  1. My HEH "investment advice" was offered last summer when silver was between $26 and $29. Hmmm...just who, exactly is under water and losing money as of this evening?
  2. As stated earlier, HEH has not necessarily been cancelled. I've often mentioned that the next course of action is "taking matters into our own hands". This is next.

Thank you all for the kind words of support. We shall begin the fight anew on Monday.

SamSchlepps California Lawyer
Jan 4, 2013 - 8:26pm

CA Lawyer - look to Naked Capitalism

Don't know if you have seen this - but it appears to be an insider comment on the foreclosure review process - some grist and background for the future battles - Yves Smith writes up a pretty evil manipulation by bankers in housing - same as PM's. Funny what a coincidence.


...Reader Luxtexente submitted this comment yesterday ....

Jan 4, 2013 - 8:33pm

@ Kryptonight

I am well aware of your concern regarding this method of currency, I was thinking the same thing originally. As mentioned in my previous post, why not have this currency backed by gold and silver. By doing this, you would have the currency in circulation that acts a hot potato and forces people to spend their money while at the same time have it exchangeable for physical gold and silver in order to accommodate the savers and cancel out the tax. Regardless, when a paper bill acts as a hot potato people will spend it on whatever they can. What do you think is happening in Europe right now? By having a similar currency but backed by gold and silver then you develop a situation where the savers will be saving and the spenders will be spending. If you don't want to pay the tax at the end of the month, then trade in for gold and silver and save to avoid the tax. This doesn't change the fact that the last person holding the bill pays the tax on it, this not only keeps the economy running because nobody wants to hold a hot potato but also gives an option to those who prefer to stash away their labor credits.

P.S. I am all about gold and silver as currency so please don't accuse me for advocating an alternative method to the problem at hand. If you have a better suggestion then please feel free to share. In response to your original comment, I personally don't believe that there is enough PM's for EVERY SINGLE ONE OF THE 7 BILLION PEOPLE ON THIS PLANET to get a "fair" share. That is no longer going to work like it did in the early 1900's, hands down the currency is going to have to be backed by something but that something will in no way be able to act as the PURE currency. Would never work...to many heads on the planet now. Do me a favor and find out how much gold and silver total exists on the planet and then divide that by 7 billion, it would be like saying that there is only enough money for you to make .75 cents a year and no more in order to get a "fair" share. Maybe read the articles and do your own logical analysis before pointing fingers, just sayin.

Kryptonite for Bankers
Jan 4, 2013 - 8:46pm


Wow. Your first paragraph about giving people the option to save in Gold & Silver...this sounds almost as goofy as the Freegold concept. A recipe for instant hyperinflation. Who on earth would hold this hot potato garbage currency? Secondly, please do not bring up the ABSURD "not enough Gold" nonsense again. This has been shat upon and utterly demolished so many times it's not funny. There is always enough Gold at the right price. Gold is infinitely divisible. End of. Pointing my finger? Yes, at you. You openly advocate theft and then start regurgitating nonsensical economic non theories about Gold. I smell a troll.

Jan 4, 2013 - 8:49pm

Thanks Sam for That

I read it, and yes, it is right in line with my expectations and the realities of some of my clients.

This new law that provides attorneys' fees is a major victory for consumers.

Now, all a lawyer has to do is file a lawsuit, citing the one statute as authority. Simple lawsuit, which can be done over and over again. Take a deposition or two, prove the statute was violated, and voila, instant money for the client and the attorney.

There will be MASSIVE class actions in under a month here in California. Watch and see.

I am going to get in on some of this, for sure, this time.

I watched and learned with all the subprime stuff, but there was no real remedy, because no judge was going to give a homedebtor a free home.

Now, the issue is procedural. Did the bank follow the rules or not. If not pay up. Simple. Homedebtor still does not get a free house, though. But, the permutations and nuances of the new law will be tested in the courts over the next year or so. Banks will be paying out bundles of worthless fiat for sure.

Only real question is whether banks will stop foreclosing because of the legal traps. Then what? Who knows.

Thanks a TON for the link.

Jan 4, 2013 - 8:54pm

Fighting The Fed?

"We don't take directional positions. It would be wrong and we don't do it"

- Blythe Masters

Her claim was that their positions were either on behalf of clients and/or hedges on client positions. And IF the client is The Fed, with a legitimate interest (As they would see it) of managing the USD, then not only is she correct but also MAY be above the Law. I posed that question to CaLaw in the thread on his excellent review of the dismissal of the JPM private suit. I am no expert on US Constitutional or other law, but this possibility raises several interesting questions:

1. The US Government is above the Law, but what about The Fed, which remember is a PRIVATE Corporation?

2. If JPM in representing a "Large client" is moving markets, does this not constitute at best a conflict of interests and/or breach of fiduciary duty, and at worst a tortuous act against clients on the other side of the trade?

Where are the whistle blowers in CFTC?

Jan 4, 2013 - 9:01pm

Lol Kryptonite

Talk about a fucking troll, your attitude towards a (what I view as interesting and innocent) SUGGESTION tells me that you are a very much a two year old when it comes to the big picture. I have no idea if this system would actually work, but as was stated in my last comment that is why I would like to do more research into the topic. It worked for them during a time of great depression so for you to attack me simply because I brought up a possible solution to the problem (which you have yet to do) is plain childish. You have proven yourself incompetent and incapable of rationally discussing solutions or contributing anything informational to a topic and therefore shall be added to the shit list. Best of luck to you and have a nice day!

Chevy Thunder
Jan 4, 2013 - 9:02pm

Turd - Don't cherry pick your dates!

Turd -

In August, you stated:

"My intention in predicting a "hot, explosive and historic summer" (And remember, I was the one who began all this speculation. I'm on the record with this prediction way ahead of everyone else.) is not to "toy with your emotions".

Simply stated, I am supremely confident that both metals will soon begin a game-changing, fundamentally-based rally to new all-time highs and I'm trying to encourage Turdites to hold/add positions and not panic sell here at the bottom. The rationale I've shared with you has been deliberately opaque but, once things start cooking, you'll likely be able to discern why."



At this point, silver was in the high $20's. By September, silver had moved a bit to $34 and NUMEROUS readers asked you if this was the "explosive summer" move that you were expecting, and you clearly said, NO! Silver was apparently poised to make "new, all-time highs" [your words], meaning that it was going to $50 and beyond.

So please don't pretend that all your readers conveniently bought at the lows of summer. Your "insider information" was a rolling claim that has lasted this entire past five months.

And by the way, your quote from above is very clearly "ADVICE" and anyone claiming that you don't give advice is just willfully ignoring it.

Jan 4, 2013 - 9:09pm

Gold and silver as currency

Of course it is possible:

1 gram of silver could represent 1 $

or 0.1 gram or 0.01 gram.

One banks much like the Turk Gold Money model.

All one has to do is to price this incredibly divisible REAL asset (Gold too) in order to represent Global money supply. (please no comments about dark pools, shadow banking and derivatives - it really does not matter to the principle).

The problem is only that our ELECTED REPRESENTATIVES do not represent us but the banks. The problem is a political one NOT a banking one. In a 'normal' political environment, the banks would be reeled in by legislation and allowed, by government to fail. Hence occupy WS was really only attempting to affect legislation through demonstration. Blame was successfully diverted from the real culprits. Just my opinion.

Looking forward to your Monday post Captain ;-)


Edit: It is my belief/hope that Asia Brics etc will force global trade onto a wealth preserving hard currency. Then they can demand real money for their labour rather than pieces of toilet paper.

Mr. Fix
Jan 4, 2013 - 9:10pm

@ Chevy Thunder ..."ADVICE" for you...

Go to hell.


Chevy sucks.

Green Lantern
Jan 4, 2013 - 9:12pm

I often post excerpts from

I often post excerpts from Joseph Farrells blog. I know a couple of you read him. I suspect that of the alternative media, he might lie on the fringe. However, I have a good deal of confidence that he is not anyway influenced by the powers that be, brings information that has thoroughly been vetted. He is meticulous in his research and he has both a firm grasp of the historical aspects of the elite and the cartel as well as been watching and regularly reporting on the issue of repatriation of gold and the secret financial system.

One of the reasons I like him is because he is watching what is going on in the metals from a different perspective that others don't seem to be tracking. I like outliers because I consider myself one. And I like people that look at a problem from every possible angle.

I decided to write him a note and ask him for some of his opinions on recent events and what he think will be the triggering mechanism. I think it is ok to share some of his short note, he might be reading this since I provided him with a link to California Lawyers summary on the silver case which Joseph already blogged about.

You need to understand one basic thing that no one is talking about: the AMOUNT of bullion in existence is BADLY obfuscated, and hence, if you really dig, you'll discover figures for that amount varying by orders of magnitude. There are reasons for this

He goes into great deal of detail in his book "Babylon Banksters" not a light read. But also said that he goes into more detail in his new book "Transhumanism: A Grimoire of Alchemical Agendas" Again well researched and not light reading but for the truth seekers among you, it might be worth the journey.

One of the points I'd like to make from the brief comment I shared and to highlight the main points in his recent blog NOW IT’S BRAZIL: ADDING MORE GOLD TO ITS RESERVES is that the horizontal price movement of the metals and the constant manipulation of the prices in NO WAY means that things are not rapidly moving along. The prices no way reflect the geopolitical realities that are being reported everyday that is hitting the cartel in the knee caps. If your only benchmark of "are we winning" is the day to day prices and evidence of manipulation than you are missing the bigger picture which is rapidly unfolding. As a matter of fact, the frequency which these stories are being reported from Germany, Ecuador, Queen of England etc.. is unprecedented. But I suspect that the fact prices are not moving in the fashion that you would like suppresses the enthusiasm that the hidden financial system is being pummelled by countries that are repatriating their gold. As Joseph points out,

But if Brazil calls for audits and possible repatriation of stocks held in foreign central banks, then rest assured, this will trigger the final call in the rest of Latin America. After all, Brazil is now subtly signalling what Ecuador did last year, and what hugo Chavez’s Venezuela did a few years before that… but Brazil is not Venezuela nor Ecuador… it is South America’s largest country and economy.

- Giza Death Star Community

Now just sit with that idea for a few minutes that entire Latin America is getting out from under the control of the cartel. Compare that to buying a contract or two and minting your own coins. We are not talking small potato's here

The man who stole a leopard
Jan 4, 2013 - 9:13pm

RE: Trillion Dollar Coin

Some chatter of using platinum coins to pay off the debt:

How will this (with 14 zeros)...

be better than this?

did the USG hire Ali G to help solve the fiscal cliff?

Ali G - Ice Cream Glove Business - Donald Trump
Jan 4, 2013 - 9:20pm


I see you are still attempting to "prove" that the guy who often refers to himself as "Turd dumb dumb" is also simultaneously feigning infallibility.

We all believe that the metals are going much higher. It is unfortunate that it is not working out to your overenthusiastic time frame.

Patience brother. Sit tight, be right. Alternatively sell and go away.

M Scott Peck has a nice chapter on delayed gratification - often absent in children.

Take Care.


Jan 4, 2013 - 9:22pm

You win either way...

The last 10 yards of any worthwhile endeavor is almost always the hardest. Many times taking up to 50% of total effort, and it is also when one is the most weary; however, the last 10 yards is that place where the secrets of success reveal themselves only to those willing to endure.

Either you will win spectacularly or crash and burn in similar fashion (doubt it). Either way, you win .... as the next endeavor down the field, it becomes easier and easier to score.

Being right every time is not rational, stop with the creeping doubt already and simply press-on. Winning is only a statistic of being right more often than not, not an emotional experience of self-inflicted mental torture. Consider stopping that immediately!

You da man!

Day Tradin' Dave
Jan 4, 2013 - 9:22pm

CA lawyer you are a shameless huckster

Yeah, its all about the attorneys fees. Definitely going to get in on the action.

Why not let a bunch of deadbeats stay in their homes without paying their mortgage or property taxes. fuck the banks, they always lie anyway. fuck riverside county too. Its all about the benjamins, yo, and you got a real live law degree.

In the meantime your little class action gambit will keep the inland empire real estate market loaded down with tons of shadow inventory which will take years or decades to clear. Sorry grandma, you are the last one on the street paying your mortgage. Look on the bright side, your grandson should be able to sell in 15 years.

Your post evidences everything that is wrong with your piss poor state; greed, lack of personal responsability and lawyers out of control

Jan 4, 2013 - 9:22pm

Philipat - Sorry, Did Not See Your Earlier Post

You said and asked:

Her [Blythe's] claim was that their positions were either on behalf of clients and/or hedges on client positions. And IF the client is The Fed, with a legitimate interest (As they would see it) of managing the USD, then not only is she correct but also MAY be above the Law. I posed that question to CaLaw in the thread on his excellent review of the dismissal of the JPM private suit. I am no expert on US Constitutional or other law, but tthis possibility raises several interesting questions:

1. The US Government is above the Law, but what about The Fed, which remember is a PRIVATE Corporation?

2. If JPM in representing a "Large client" is moving markets, does this not constitute at best a conflict of interests and/or breach of fiduciary duty, and at worst a tortuous act against clients on the other side of the trade?

Response to First Question:

JPM is hedging for a client, whether the FED or someone else. If so, then no manipulation. Remember, it is not manipulation simply to have a large position, or to trade a large position in an uneconomical fashion [huge sell orders which drop prices]. Remember, if JPM is in fact doing legitimate hedging, that is, executing executing a huge sell order of silver futures to drop the price, then even though JPM's outsized market position which in fact drives prices lower is NOT illegal. The rationale, as noted by the judge in his order, is that artificial price drops will be met with corresponding buy orders from regular participants in the market. So, no, there is no manipulation, and no illegality.

We can bitch and moan all we like. But, the remedy lies not with a lawsuit, but with the CFTC, which should have, long ago, outlawed large positions as being manipulative. The CFTC is as corrupt as can be. So, without CFTC action, there are no brakes that can be applied to the JPM activity. The only other solution is a competing market. Why such has not come about is anyone's guess. My guess is that it is not ordained to occur yet by TPTB. What else could it be?

When the East has enough gold, or military might, then the jig is up. Until then, the game goes on being played as is.

Response to Second Question:


Is JPM's activity a conflict of interest? To answer this requires an analysis of the relationships between JPM and their clients. One of JPM's clients almost certainly has a conflict with another of JPM's clients. So what? This is the way it goes. JPM is supposed to keep client confidences, but who really believes that? What a farce the whole market is. How do you think they run the stops every day? Turd speaks of this all the time. Because JPM is an intermediary, they can legally take a position against one of their clients. It is sickening, just like the duplicity of real estate agents being an agent for both the buyer and seller on the same transaction. Oh well.

Is JPM's activity a breach of their fiduciary duties? Let's ask Corzine that question. While JPM should NOT take a position adverse to its client. For example: say JPM loaned a miner some money. The miner agrees to repay the loan with production. o Hence, it is a secured loan. Miner has incentive to produce product, sell it, and turn a profit, and can do so as long as production costs are less than the sale price of product at the market.

JPM has incentive to hedge its exposure to the loan, that is, a default, or bankruptcy, by selling the future production of the miner today, taking cash today, and playing the spread between the loaned amount, and the amount gained by the sale of future production. They can play the spread a hundred times, so long as no one stands for delivery.

Same thing for taking plunge protection team money and using it to sell futures short. If they get an order from a client to sell a position, who are they to decide not to take the business? Besides, who cares, JPM is only acting as a broker and making a sale on an open market. Who cares that prices drops suddenly, that algos trip, that price dives lower, then JPM covers its shorts for a huge profit? Is that so wrong from JPM's point of view? No, and there is your answer.

Remember, JPM can sell short the future production, knowing that JPM has the ability to cover delivery by using the miner's production. Does the miner get burned if future silver prices are low? Yes, because unless JPM is getting all of the miner's output, then a low future silver price is harmful to the miner, because the miner gets less profit in the future for its production. But, does JPM violate any fiduciary duties by doing so? I don't see it. It is an arms-length transaction. Miner gets money, secured by future delivery of product. JPM knows this, and sells the future production short to cover its exposure, playing the spread.

Evil, immoral banks, all of them. I hate them all. The only way out is to end the fed, have constitutional money, and do away with fractional reserve banking. Govts must live within their means. If they have to borrow, then they have to raise taxes, the people resist, over throw the govt, and that is that. Wars would not be happening if govts could not borrow money to pay for the costs of the war.

The FED is the problem. No FED, no bullion banks, no problem.

Subpart three - tortious acts. JPM owes duties to its clients. Breach of fiduciary duty is one, and I covered it above. If JPM was negligent, they could get sued, but that would only be if they did something like fail to make an order that a client wanted or something like that. The prospectus I am sure immunizes JPM from simple tort theories of liability, so no, there is no tortious act problem here either.

I hope I answered your questions.

Jan 4, 2013 - 9:24pm

@ Bugzy

I agree that gold and silver could always be set to a lower dollar standard to accommodate populations, but then that not only defies the constitutional definition of a "dollar" but is also the same thing as deflation. What good is "Constitutional" money if the government can continue to deflate it based on circumstance, ya know? This is the problem, are we suppose to accept the fact that to many people exist so we can no longer constitutionally define the dollar? Again, this is where I view the PURE gold/silver currency debate as problematic...to many people and not enough currency to circulate and utilize all labor as what we claim is "constitutional". A basket of commodities almost seems necessary to avoid the deflation situation, tie a bunch of things together and when one goes down then the money moves with the flow into the preferred basket. No need for deflation when currency is tied to multiple options because the money just moves towards the market demands...I don't know, like I said I am going to do far more research to really analyze the subject because I find it very fascinating. Thanks for sharing your thoughts!

Mr. Fix
Jan 4, 2013 - 9:25pm
Jan 4, 2013 - 9:25pm


The "Illuminati's" Reign of Terror is OVER! The Divine Always Wins.
Jan 4, 2013 - 9:27pm

Please Don't Feed the Trolls

You can review a posters history by clicking on their name and going to the history tab. Before you engage them in conversation I implore you to review their "contributions" to the community.

Fear another weekend thread is headed downhill fast.


El Gordo
Jan 4, 2013 - 9:27pm

What's the rush?

I, presumably like most others here, buy PM's in hopes of preserving a little asset value when the rest of the monetary system comes crashing down, and it will come crashing down. I'm of the opinion that we are beyond the fail safe point and are simply treading water as our leaders try to come up with the next great lie to keep things in the air a little longer. But (a butt as big as Kim Kardashian or J-Lo), what'[s the rush to try to get that price up? Who are we trying to impress. My girlfriend doesn't want to know how much my stack is worth, she only wants to know how big it is and how can I make it get bigger. A higher price for my stack does me no good because (1) it's not for sale, (2) I'm not trying to inflate my balance sheet (3) should something happen the taxes on my estate will be higher (4) it makes it more difficult to satisfy my girlfriend who always wants a bigger stack (5) probably others that I haven't thought of yet. So, if the price goes down, I try to buy a little more; if the price goes up, I can only buy a little less. But no matter what, keep buying. One day when I get up and see the price has gone to the moon, will I be sitting here thinking how smart I was to get so rich so fast? No, I'll be kicking myself in the ass for not buying more while the price was so low, and my poor girlfriend will probably go off in search of a larger stack since mine quit growing and I can no longer promise her that it will get bigger one day.

Jan 4, 2013 - 9:34pm


Thanks for the post. However you leave me confused on several aspects. Constitutional $? Deflation? Deflation of what?

Deflation is actually normal. Things ought to go down in price as efficiency increases. However as we bumb up against resource scarcity then prices will rise. Or are you talking about the supply of money?

Please explain.


Jan 4, 2013 - 9:36pm
Jan 4, 2013 - 9:37pm

Thank You Zoltan, appreciate it

Anyone who would like to check and see what babaganoush2307 has contributed, please feel free. Not going to change any opinions of mine until the logic is laid out in front of me...It is what it is, if you really find me that offensive then I grace you to the ignore user button. I come here for knowledge and suggestions on how to work towards fixing our current world wide monetary issue, not a high school prom king and queen contest...

Jan 4, 2013 - 9:44pm

Gold & Silver Poised For Serious Rebound.

By Gregory Mannarino

Video unavailable
Jan 4, 2013 - 9:45pm


Thanks, very helpful.

Let's see if Shanghai makes any difference when up to speed. In the meantime, there seems little point in bitching given the legal framework you describe because Blythe's statement is entirely accurate (And I'm sure was picked apart word by word by JPM counsel before she made the statement). Incidentally, the Courts are also responsible for rejecting the CFTC proposals (At least, that is the (Cover?) story) on position limits. Seems there is plenty of blame to go around.

Jan 4, 2013 - 9:47pm


"I can no longer promise her that it will get bigger one day"

You were referring to the stack, of course?.

Jan 4, 2013 - 9:55pm

@ Bugzy

My apologizes, sometimes when I get heated I start to go haywire. What was meant by such a deflationary scenario is that the constitutional definition for a dollar is (I believe) 0.77344 Troy Ounces of silver. So since the population is far far far greater than the amount of silver available to declare pure constitutional money for everybody according to such a definition you would obviously have to lower the number to a more appropriate level. This is deflation and is exactly what happened during the 30's only substitute population for debt digits. What you could get for $20 one day costed you $35 dollars the next, it is the same as saying that a lot more resources would be available to a world population of a million versus 7 billion. Sorry if my personal explanations are still confusing, if so then I think I am just going to drop this topic all together lol.


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