Low E

347
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.

TF

About the Author

Founder
turd [at] tfmetalsreport [dot] com ()

  347 Comments

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napa698
Jan 5, 2013 - 12:15am

Am i wrong or...

Maybe the price of PMs are going down because the fed cannot start QE4 until the debt ceiling is raised.If the Treasury cannot issue new debt the fed cant buy or am i missing something?

Urban Roman
Jan 5, 2013 - 12:12am

@ Turd,

You mentioned "taking matters into our own hands" earlier, and I would like to remind you of a suggestion from a previous thread.. I'll copy my summary here, for continued discussion:

Just read yesterday's thread. Start with this comment:
https://www.tfmetalsreport.com/comment/156585#comment-156585

Then there are about six or seven pages of debate and discussion, and someone compiled a list of "sure, count me in" comments here:
https://www.tfmetalsreport.com/comment/156771#comment-156771

... followed by more discussion. Dr. J posted a really good one here:
https://www.tfmetalsreport.com/comment/156794#comment-156794

maravich44Katie Rose
Jan 5, 2013 - 12:12am
philipat
Jan 5, 2013 - 12:11am

Question

The US market was the last to close for the week. So how come Kitco is showing the closing price for Au at 1656, whereas Bloomberg is showing 1648?

Roark
Jan 5, 2013 - 12:08am

@Katie Rose

+100 hat tips to you. (If only this website would allow it! heheheh)

steveo
Jan 5, 2013 - 12:06am

Turd, I think you are not

Turd, I think you are not ready to move to Uruguay.

Please keep up the real information, we appreciate it.

steveo

Katie Rose
Jan 5, 2013 - 12:02am

How I keep sane.

After writing the above, I realized that many of you will believe that I am not sane. Too bad, so sad...

I thought everything would fall apart 2008. I never dreamed that taxpayer $ would be used to bail out the criminals.

And so I sit on a little farm growing older, trying to stack and plan for who knows what.

There are little gems that occur that light up my life, and somehow put this whole crazy world in perspective.

Here is one such gem.

Last Summer I bought lots of alfalfa. It's beginning to look like I bought too much. It does not keep its nutritional value very well past the first year, so I began a little experiment.

It is bitterly cold here. Yesterday it was 14 degrees in the milking room. I nearly went on strike. Then I remembered that having milk during the winter is one of my "prepare accordingly " goals, so I quit complaining and got the job done.

Every morning I let the goats out into the snow so they are not confined to their stalls all day. I begin by putting six piles of alfalfa on the ground for them to eat. Then something occurred that made me change my ways.

A beautiful little deer started showing up to eat. She was by herself, small and very beautiful. She was not the emaciated deer I have spoken of earlier. The goats welcomed her, and began to share their alfalfa with her. So she stayed. All day, for days on end. I began to put out a separate pile for her, seven piles in all.

Two days ago I went out to call my goats. It was dusk and time to come in, get warm, get milked, and bed down for the night. As I called they came running, ears flopping, tails wagging. Along with the goats came the pretty deer. She stopped at the door, and slowly looked around the opening to see what was going on. It was a Kodak moment. Six goats with waggy tails and a deer who wanted to be part of the goat herd.

Last night I realized why she was always alone. She brought someone with her. I gasped in wonder at the sight. Standing out with her in the snow was a beautiful 3 prong buck. He was less than twenty feet from me as I entered the goat's area of the barn. He was beautiful!!!

I have never been so close to a buck like him. He saw me and began to run. Pretty Brown Eyes (my name for the doe) just kept right on eating as if nothing strange was happening, so he did too!

This is how I keep sane in a world run by psycho/sociopaths. I allow myself to pause and experience the wonder that is all about me. The falling snow. The magpies as they chatter looking for food. The light dancing off the snow. Warm milk as it fills the milk pail...

We all have a choice, and for me, I choose to see the wonder that is all about me.

I don't know how else to keep a spirit of joy in a world that is doing everything possible to take away our joy and ruin our spirit of hope.

kingboo
Jan 4, 2013 - 11:59pm

@Turd

Be prepared to ban "GimmeOneMoreChanceDave" in 5-4-3-2-1........

jb
Jan 4, 2013 - 11:53pm

You are correct

I just checked out his IP.

Same fucking guy.

Banned Las Vegas Dave six months ago.

Banned Day Tradin Dave one minute ago.

What a douchebag. Just move on and get a life.

57Goldtop
Jan 4, 2013 - 11:41pm

Yeah, and we call

the USA, "Greater Canuckistan".

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