Time For A Break

Tue, Jun 25, 2013 - 10:58am

You know how they say that dogs can sense an impending earthquake? Don't you kind of feel that way these days? I know I do.

First, it seems that everything is down. Stocks. Bonds. Commodities. Every currency. If there's a market for it, it's being sold. The only thing that is consistently rising this past week is The Pig. And once those dollars are bought, where are they going? Apparently nowhere. Very strange. Almost ominous.

Then you've got very knowledgeable folks like Bill Holter at MilesFranklin blaring the alarm with columns like this: https://blog.milesfranklin.com/the-great-unwind-has-finally-arrived and this: https://blog.milesfranklin.com/the-button-has-been-pushed-ready-or-not

We've got Santa, who is clearly very, very nervous. He's practically begging you to meet him somewhere for a discussion: https://www.jsmineset.com/2013/06/24/chicago-vancouver-and-scottsdale-qa-session-tickets-still-available/ And he keeps posting messages urging you to Get Out of The System (GOTS) as quickly as possible. Just yesterday, he linked two articles which you really do need to take some time to consider:

https://www.leap2020.eu/GEAB-N-76-is-available-Alert-for-the-second-half-of-2013-Global-systemic-crisis-II-second-devastating-explosion-social_a14266.html &


There are items such as this, which I found at ZeroHedge: https://kunstler.com/clusterfuck-nation/mid-year-digest/

And Chris Martenson, who I know to be a very wise and sober fellow, got into the act, too: https://www.peakprosperity.com/blog/82210/everything-being-sold

So here we are. Look, I don't know if the financial world is ending this week or next or even this year, but I do know that the current system is unsustainable. To that end, your only financial protection is the physical possession of gold and silver. Not paper derivatives. Not ETFs. Not a basket of mining stocks. Physical metal, in your own two hands.

For those of you upset about the current, eight-month decline of fiat-conversion value, I'm sorry. If having gold and silver consistently move higher in terms of dollars would make you feel more comfortable, I regret that that hasn't happened for you. If you are sitting upon unrealized losses which makes you feel uncomfortable, I apologize and I wish I could make it different for you. But I can't.

However, you need to remember that we live in extraordinary times. Those spouting disinformation about the future price of gold are either hopelessly misinformed or deliberately trying to mislead you. The global forces at work behind the scenes have been in control and remain in control of the paper metal market. The past eight months have been a coordinated effort to crush price, thereby freeing physical for immediate delivery and allowing The Bullion Banks to cover paper short positions, transferring the future risk and liability to the Specs. This has now been accomplished and I firmly believe that we are very near a price bottom.

One day, very soon, paper price will reverse and head higher. Then, one day in the future, paper price will no longer exist as price resets multiples higher with the emergence of a new global financial paradigm. Please understand: THIS IS NOT AN OPPORTUNITY FOR "PROFIT". This is simply an opportunity to protect and defend all that you have accumulated to this point in your life.

To that end and to personally prepare, I'm going to be taking a few days off. Over the next two weeks, I'll still post from time to time but I'll also be sharing some "guest posts" from a handful of your favorite site regulars. Then, come next month, I plan to make a few changes to the way we do things around here. Nothing earth-shattering but necessary changes, nonetheless.

In the meantime, stay alert. Now is not the time to be complacent. Trust your instincts and use your brain. Double-check that you have acquired enough physical metal and consider buying even more. The End of The Great Keynesian is upon us. Please continue to prepare accordingly.


About the Author

turd [at] tfmetalsreport [dot] com ()


Jun 25, 2013 - 6:59pm

More information about new canadian exchange

New Canadian stock exchange promises market fairness

TORONTO _ Royal Bank of Canada, (TSX: T.RY, Stock Forum), and several major financial companies are planning to set up a new stock market they say will provide meaningful competition to TMX Group Inc. (TSX: T.X, Stock Forum).

The group behind Aequitas Innovations Inc. says it's in the midst of filing for regulatory approval at the end of this year and,if given the green light, the exchange could be up and running by late 2014.

The plan has been in the works since last fall.

In addition to RBC, which is Canada's largest commercial bank, the project is being backed by a group of major financial players including mutual fund operators CI Investments Inc. (TSX: T.CIX, Stock Forum) and IGM Financial Inc. (TSX: T.IGM, Stock Forum), Canadian pension fund PSP Investments and the U.K.-based Barclays.

Aequitas president and chief executive Jos Schmitt said the venture would provide investors a viable alternative to the Toronto Stock Exchange and other markets owned by TMX Group, which is controlled by a different group of banks, pension funds and financial services companies.

``The industry is facing a lot of challenges,'' Schmitt said Tuesday.

``Activity is lower than what it used to be, costs are higher. We really wanted to rebuild confidence in the market, so going forward, the market and the business can grow.''

Schmitt said the appeal of Aequitas, which is named after the Latin word for equality and fairness, will be its competitive fee structure for investors and particularly, smaller to mid-sized companies.

In particular, it is promising to promote ``true and reliable liquidity'' to traditional investors it says are at a disadvantage with current markets that cater to high-volume trading activities to generate revenue.

High-frequency trading (HFT) has been blamed for putting artificial volatility into the markets by using computers to engage in behaviours such as exploratory trading, where small orders are made to see where the big traders will go.

``What we really want the investors to understand is that we bring quality. That will definitely translate itself into a reduction of intraday volatility,'' Schmitt said.

Aequitas makes a distinction between ``predatory'' and other high-frequency trading activities, saying some types impair small-scale retail investors and institutional investors representing pension plans and mutual funds.

This announcement comes at a time when Canada?s largest stock exchange operator reported a drop in new listings, financings and trade volumes in its latest quarter.

TMX Group said it had a first-quarter net profit of $37.8 million, or 70 cents per share. Revenues were $172.2 million for the three months ended March 31.

In the same 2012 period, the TMX reported a net loss of $4.4 million, but the results were not comparable because of a change in ownership late last year and the consolidation of various platforms.

The TMX Group was acquired by some of Canada's largest banks, pension funds and other financial services as members of what was known as the Maple Group.

Schmitt said the appetite for a new exchange is strong, and Canada is not lacking in its number of high-quality companies to fill it.

``We just miss some of the right tools,'' he said.

TMX Group Inc. shares dropped 2.3% to $42.80 Tuesday on news that a new stock exchange is in the works.


Jun 25, 2013 - 6:59pm


"What a weasel." them fighting words!!

Video unavailable
Video unavailable

11:10 13:15 and 39:20 in, get on your head phones on, crack it, ...yeah.

Jun 25, 2013 - 7:01pm


If memory serves me correct it seems like something dramatic happens when Turd goes on vacation. My big fingers,eyes and spell check does not agree with me to much on a iPhone and closer review is needed maybe another conspiracy

Jun 25, 2013 - 7:04pm

Now even Jeff Nielson is

Now even Jeff Nielson is spelling at the reality of the so called silver buying....

The banksters have taken down the price of silver with impunity below $20/oz (and been able to take it to such extreme lows) because unlike with the gold market there has been no stampede of physical demand in the silver market. Silver demand has been strong (but not spectacular) in China, moderate (at best) in North America, and nothing short of dismal in the key Indian market.

In short, in the silver market (at the moment) lower prices lead to even lower prices – because of the lack of a strong demand response. For silver bears (and wavering bulls); this would seem to signal that the silver market is entirely at the mercy of the banking cabal, with no dynamics at work to reverse the current grind lower and lower. Not so fast.

Jun 25, 2013 - 7:12pm

This once again, demonstrates

This once again, demonstrates why MA is probably right that it will take at least 2 years for prices to begin rallying properly again. By the time the dust settles oh....boy, you can forget about a surge of new interest.

People will took at a collapse in excess of 65% as an investment to avoid like the plague. You can see from Jeff's words, a tight market it is not, not in the least.

Spartacus Rex
Jun 25, 2013 - 7:12pm

News From Fiatnam: Bitcoins SEIZED by DEA

HOT: DEA Claims to Have Seized a Users Bitcoins

But, but, but....this wasn't supposed to be able to happen.

The Drug Enforcement Administration posted an Official Notification that Bitcoin (i.e. property) belonging to Eric Daniel Hughes was seized for forfeiture pursuant to 21 U.S.C. § 881, because the property was used or acquired as a result of a violation of the Controlled Substances Act (21 U.S.C. §§ 801 et seq.)


13-DEA-581051, 11.02 Bitcoins, Acct.#1ETDwGUC1QcjYuehFr3u1FD3MvDaUs7SFy,

VL: $814.22 which was seized in Charleston, SC from Eric Daniel Hughes AKA Casey Jones on April 12, 2013

Let's talk bitcoin discusses:
The DEA appears to have been the first agency to seize actual Bitcoins from an individual with this seizure. Exactly how the Bitcoin was seized is not known as of this writing. However, reading the top of the notice it appears that Mr. Hughes can request release of the seized property during the pendency of the forfeiture proceeding due to hardship. How the DEA would return the Bitcoin to Mr. Hughes is also unknown. There is no indication the Bitcoin protocol was compromised. ‘“Seizure” is probably a word used to imply that money was received in the process of a Silk Road sting operation, rather than actually seized from the bitcoin user’s wallet. ” said Andreas M. Antonopoulos, a security expert and Let’s Talk Bitcoin contributor The Bitcoin address referenced in the complaint recieved a transaction for 11.02btc at 17:10:36 Blockchain time on the date noted as “seized”. This could mean that either the DEA took control of a computer with an unencrypted wallet and transferred the amount to a DEA controlled wallet, or more likely that this was not an in-person confiscation at all. This could be an illicit “Silk Road” transaction, where US authorities set up a “honeypot” selling account, and accepted the 11.02btc as payment.
Posted by Bill @ https://wwwtheworldandeverythinginit.blogspot.com/2013/06/hot-dea-claims-to-have-seized-users.html
Jun 25, 2013 - 7:21pm

Now why am I posting this?

Now why am I posting this? Even after I got flamed for the last post? (WGaS), Because some of us think there is a definite relationship between TPTB and PM prices. In fact I believe that you can not get a sharp knife between TPTB and the PM cartel/PM prices. In my mind you can not discuss PM prices without considering just who it is that is running the show. And this article points-out just who it is that is running the show, or at least some of the most visible characters. So I post this without apology - It is central to our discussion. If a few of your patron saints (Clinton, Bushes etc.), get smeared here - well pull up yur big girl panties, and quit your whining. NASA once did a great thing - now it's an arm of the DoD blk Ops and EE. Get over it. I detest whining and I am tired of the constant posts of the ilk; Gee, who stole all the Ft Knox gold? Gee, I wonder who decided to bomb Yemen, Pakistan, Lybia etc? Gee, I wonder who stole the last 10 elections? Gee, where does all the GLD gold go? Gee, I wonder if the Cartel is real? Gee, can they really be as bad as they appear - maybe it's just a co-incidence that they're getting insane rich, while we languish? If you think we can discuss the financial markets with out discussing who runs them, and their motives and modus operandi.......well gee...flame away .

Tommy Paine

Booz Allen Hamilton: Far Worse Than Blackwater

Activist Post

Let's take another trip down the rabbit hole, shall we?

Lost in the Edward Snowden debate is a critical look at his former employer, the company doing the spying on Americans in the first place: Booz Allen Hamilton.

Booz Allen Hamilton is a government contractor, with 99% of its revenue coming from the US government. Not only does it receive money from the NSA, but also the US Army, US Navy, US Air Force, US Marine Corps, Department of Defense, Department of Homeland Security, the FBI and ... the IRS. In addition, Booz Allen is heavily connected to the CIA. It gets a little close-knit at the top. Follow along.....

Among the individuals involved in running the company, we have:

James Clapper - current Director of National Intelligence (DNI), head of NSA, the man who lied to Congress about the fact that NSA is actively spying on Americans, is a former executive

Mike McConnell - a current executive of the company, had Clapper's job (DNI) during George W. Bush's administration (keep it in the family, eh?) -- he worked for Booz Allen before Bush, then worked for Bush, then back to Booz Allen after Bush

James Woolsey - former CIA Director, current executive (see Jan Helfeld's interview of Mr. Woolsey where it becomes clear that Woolsey has no interest in discussing principles, only war)

Melissa Hathaway - former executive, also worked for McConnell during the Bush administration

Ian Brzezinski - former executive, son of Zbigniew Brzezinski, co-founder of the Trilateral Commission with David Rockefeller, central figure in the NWO crowd, and mastermind of Operation Cyclone

Dov Zakheim - this character is ... unbelievable:

1993 - His company, System Planning Corporation, had a subsidiary called Tridata Corporation, which was the company that "oversaw" the investigation of the 1993 WTC bombing

2000 - Part of the neocon Project for a New American Century, he is co-author of "Rebuilding America's Defenses," in which he is credited with the infamous line, "... some catastrophic and catalyzing event – like a new Pearl Harbor."

2001 - He is appointed Comptroller of the Pentagon, in which .3 trillion promptly goes "missing"

2001 - Attack on 9/11 occurs; 400 billion bullion disappears and some people are suspicious of his connections, since his company, SPC, in involved in flight systems capable of remote controlling aircraft, and because he was the guy who leased 32 Boeing 767 aircraft to McDill Air Force Base (2 of the 9/11 aircraft were 767's), and McDill is close to Elgin AFB, which was the location that was to be used if Operation Northwoods had gone live

2004 - Goes to work for Booz Allen Hamilton.

2012 - Advisor on Middle East policy for Mitt Romney campaign (gee ... ya think Romney would have gone to war in the Middle East???)

Booz Allen Hamilton is owned by the Carlyle Group.

One of the big investors in the Carlyle Group was the Bin Laden family in Saudi Arabia. Yeah ... THAT Bin Laden family. And instrumental in being the "go between" for Carlyle/Bin Laden was a guy by the name of George H. W. Bush. Maybe you've heard of him?

The CEO of the Carlyle Group (remember, they OWN Booz Allen Hamilton) is Frank Carlucci. Mr. Carlucci has quite a resume:

Nixon Administration - Director of the Office for Economic Opportunity (the "War on Poverty" -- and a great place to decide who gets government contracts)

Carter Administration - Deputy Director of the CIA

Reagan Administration - National Security Advisor and Secretary of Defense (Donald Rumsfeld is Carlucci's protoge)

He is or has been with the Project for a New American Century and a member of the Board of Trustees for the RAND Corporation, a CIA front that develops policies that the Military Industrial Complex then carries out.

You want a NWO guy? Carlucci is your man. And CEO of Carlyle Group, owner of Booz Allen Hamilton, spying on YOU.

At RAND, his specialty was Middle East policy. What do you know? That was also the specialty of Graham Fuller, CIA guy who was the father-in-law of Ruslan Tsarni, uncle of Tamarlan Tsarnev, suspected Boston bomber.

Speaking of the Boston bombing and Tamarlan Tsarnev, he had a couple of trips to Russia that made the news. But what did not make the news (in America, but it did in Russia) is that he went there for "training" that was funded by the Jamestown Foundation. And what do you know? The Jamestown Foundation (CIA front) has among its past board members none other than Dick Cheney and Marcia Carlucci, wife of Frank Carlucci.

See my post here about the CIA connections to the Boston bombing:

Given all their connections and government contracts, here's an interesting question: Booz Allen Hamilton has not only been involved in spying via the NSA, but they have also received no-bid contracts from the IRS. What do they know about the American people via the IRS?

Now, one of the things you will start to see if you look around at some of the big corporations these days is that many of them are involved in what they call "corporate citizenship" or something similar. What this means at the surface level is they are being "good citizens" by donating to charity. But when you go beyond the surface, you will see something else going on.

Booz Allen Hamilton donates money to the Clinton Global Initiative. The CGI is a part of the Clinton Foundation (yeah, THAT Clinton).

The Clinton Foundation has been implicated in bribery on an international level. Clinton gave himself a special little privilege while president wherein he exempted the William Jefferson Clinton Foundation from the normal rules of disclosure regarding publicly listing who its contributors were. It's a secret foundation. And it has over $200 million in assets now. And is alleged to be used as a way to funnel black money from corrupt governments around the world for behind-the-scenes deals like special oil contracts, arms dealing, US government foreign aid deals, whatever.

So folks, what you are not being told in the media about Edward Snowden's former company is that it is not only spying on you, but it is probably checking out your tax returns, too, and also receiving some of your tax money in government contracts, which it then funnels to CIA-connected/Military Industrial Complex-connected/NWO-connected individuals and organizations.

Something like this: Your tax money (taken from you by force) -> IRS -> Booz Allen Hamilton -> Clinton Foundation -> foreign bribes -> more contracts for the Military Industrial Complex -> more spending by foreign governments -> more foreign aid from the US government -> more US government spending -> more taxes needed -> more taxes from YOU.

Oh ... and they are spying on you, too.

But Edward Snowden ... yeah HE is the bad guy here. Uh huh ... move along ... nothing to see here.
Spartacus Rex
Jun 25, 2013 - 7:22pm

$1.2 Million in Federal Reserve–Bound Cash Stolen From JFK Plane

[LOL, Well there goes Bernanke's vacation pay!] By Kevin Roose

Who knew the Ocean's Eleven cast had Swiss passports?

Last week, the Federal Reserve got in troublefor signaling that it might end its stimulus programs. Today, the central bank proved it can still stimulate the economy, albeit indirectly, by having $1.2 million in cash that was bound for its coffers stolen in a heist.

The money, denominated in $100 bills, was stolen from a Swiss airliner that landed at JFK Airport yesterday, according to ABC. The cargo container had not been tampered with, the network said, meaning that the money may have vanished in Switzerland, before the flight. A law enforcement official told CNN that the money was bound for the Federal Reserve, though it's not known if the official meant the Fed's D.C. headquarters or the New York Fed.

Either way, Ben Bernanke might want to suggest implementing loose-money policies a little less literally from now on. https://nymag.com/daily/intelligencer/2013/06/fed-gets-12-million-stolen-from-jfk-aircraft.html?mid=google&google_editors_picks=true

Jun 25, 2013 - 7:25pm

LCS report

I had bought some 10 oz silver bars on 20 June at LCS, here in Seattle. Given silver spot price has dropped since then, I thought I would buy some more bars today. LCS is now selling the 10 oz silver bars at a higher price!

Spartacus Rex
Jun 25, 2013 - 7:30pm

From jesse's: Registered Gold at the Comex Long Term Chart

Someone asked me about this, and while I do not keep a history of it, I found a decent historical chart of the registered gold inventory at the COMEX on the web site Conscience Sociale.

For your reference the number of registered ounces in the COMEX warehouses yesterday was approximately 1,360,000.

POSTED BY JESSE AT 5:40 PM https://jessescrossroadscafe.blogspot.com/

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Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
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10/18 Speeches from Goons Kaplan, George and Chlamydia

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10/8 8:30 ET Producer Price Index
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Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
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10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
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Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
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Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
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9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
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Key Economic Events Week of 9/3

9/3 9:45 ET Markit Manu PMI
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Key Economic Events Week of 8/26

8/26 8:30 ET Durable Goods
8/27 9:00 ET Case-Shiller Home Price Idx
8/27 10:00 ET Consumer Confidence
8/29 8:30 ET Q2 GDP 2nd guess
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8/30 8:30 ET Pers. Inc. and Cons. Spend.
8/30 8:30 ET Core Inflation
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Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
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Key Economic Events Week of 8/12

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