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

ag1969
Jan 4, 2013 - 1:52pm

If you all give up and go away.....

I will still be stacking and prepping because it is the right thing to do for my family. I still stand by my post from this morning in the last thread. We are winning, and I won't let Turd or anyone else get me down.

The Cartel has been successful, sentiment is destroyed. I hate those mother ****ers.

My Dad used to say, "sometimes you just gotta chew the rawhide".

Happy weekend! BTFD

Turd, congrats on the still operational stiffy! Good for you!

Keg
Jan 4, 2013 - 1:54pm

I refuse to participate in "low E" today

These days I often suffer from "low E" myself. Hard not to when you are watching a worldwide train wreck that is taking years to reach conclusion. But since it is my birthday, I refuse to participate in "low E" today.

Yesterday a nice man in a brown truck brought me my first monster box. He said he had been delivering a lot of it lately. After a brief conversation, it became apparent that he thought it was ammo.

I took the monster box out of the cardboard box and set it on the table to admire. My wife came in and when she saw it she said "I guess that is more money." It is a blessing to have a spouse that understands what real money is.

Road_Scholar
Jan 4, 2013 - 1:56pm

Turd-apalooza!

"What? Over? Did you say "over"? Nothing is over until we decide it is! Was it over when the Germans bombed Pearl Harbor? Hell no!

What the fuck happened to the Delta I used to know? Where's the spirit? Where's the guts, huh? This could be the greatest night of our lives, but you're gonna let it be the worst. "Ooh, we're afraid to go with you Bluto, we might get in trouble." Well just kiss my ass from now on! Not me! I'm not gonna take this. Wormer, he's a dead man! Marmalard, dead! Niedermeyer..."**

Turd-apalooza in Vega$ this spring! Come on who's with me!!!

(**Animal House quote for those who aren't huge movie peeps)

Mudsharkbytes
Jan 4, 2013 - 1:57pm

@Mr. Fix - clarification

I'm not asking for particulars, I'd just like to know if the much anticipated yet delayed HEH is officially canceled, since that seems to be the underlying tone of today's post.

If that's the case, I can't imagine how there could be any third party risk involved in letting us know.

TFMR
Jan 4, 2013 - 1:59pm

Prove? Title 17: Commodity

Prove?

Title 17: Commodity and Securities Exchanges

PART 180—PROHIBITION AGAINST MANIPULATION


§ 180.2 Prohibition on price manipulation.

It shall be unlawful for any person, directly or indirectly, to manipulate or attempt to manipulate the price of any swap, or of any commodity in interstate commerce, or for future delivery on or subject to the rules of any registered entity.

ag1969
Jan 4, 2013 - 1:59pm

Keg

Happy Birthday!

Lamenting Laverne
Jan 4, 2013 - 2:00pm

@ AncientMoney

Thanks a lot. It is much appreciated!

and Keg - Happy Birthday ;-)

Colonel Angus
Jan 4, 2013 - 2:02pm

Why is it???

That all of us goldbugs and silver stackers have no problem with low testosterone or pleasing our wives (sorry, that should be "spouses" because there are both male and female Turdites out there)? Is it just that someone with gold and silver is just so damned sexy?

(I hope that brings the Turd's spirit and E-levels up a little.)

As a prof, I haven't given up. Sure, most of the students are slackjawed and can only reply in 160 character thought units, but you get a few who see the light. One has become a stacker. He's off at a doc program now, but back in December he got his first gold (from me no less). I also got my first AK from him at the same time. Too bad we made the exchange in a canoe. No good can ever come from those canoes.

Low enthusiasm for the PMs. Sounds like blood in the streets. Give it a week or two, and maybe we should all be buying. Even the Roman empire fell.

erewenguy Farmboy
Jan 4, 2013 - 2:04pm

@Farmboy

I agree - If I had some loose change I would buy a small amount here, and wait to see if silver fell a couple of dollars and buy again. I *like* buying stuff on sale. Better to buy when everyone is in despair than when the crowd is elated.

Jason Foster
Jan 4, 2013 - 2:07pm

Off Topic But

is there really any need to focus only on the range bound Fed sponsored PM up-a-dollar, down-a-dollar, day to day BS?

Video unavailable

Good part starts at 1:50

Why Buy a Water Distiller?.mov

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