Important Week Ahead

Sun, Sep 8, 2013 - 11:34pm

I interrupt my regularly scheduled article to bring you more late breaking news. I'll save my historical treatise for another date as everyone seems focused on the events in Syria and whether or not the Fed will continue QE. No sense in fighting the news trend and since many of you are already talking about it, I might as well dedicate this Sunday Evening/Monday Morning post thread to Syria and QE3.

Last week was a pretty intense week with accusations that the administration is committing war crimes, a 100 point plunge in the Dow on Friday morning, and Crude getting a boost on Syria. The Syrian situation is giving a rise to saber-rattling between the US and Russia that we haven't seen since the Cold War of the 1950's and the Gulf of Tonkin. As we learned on Friday courtesy of Jim Comiskey, Russia is sending military ships to the Syrian coast

Will Russia consider a strike against Syria an international violation and act of War against the Russians?

In case you haven't seen it, on Sunday Russia issued a 100 page report saying that the Syrian rebels are behind the Sarin Gas attacks and that John Kerry and the US are liars.

"The Russian statement warned the United States and its allies not to conduct a military strike against Syria until the United Nations had completed a similarly detailed scientific study into the Aug. 21 attack. It warned that what it called the current “hysteria” about a possible military strike in the West was similar to the false claims and poor intelligence that preceded the United States invasion of Iraq."

What I'd like for you to keep in mind about Syria is that Israel has invaded Syrian airspace 3 or 4 times this year and struck surgical targets including anti ship cruise missiles. No fuss was made by US media or much discussion about it in the alternative media. Russia also has already been sending anti-ship and anti-air craft missiles to Syria, and reports indicated that they have been sending in technical experts to set up the system.

So with on going missile attacks between Israel and Syria, continued Russian involvement in the region, why has the threat of a garden variety missile strike by the US become an international incident? Has what has already been going on reached a peak? Or is there a reason the US media wants us focused on this event?

Taper Talk

As most of you have heard by now Friday's nonfarm payroll report showed that while the economy created 169,000 new jobs, the numbers were below expectations and represented a continued drop in labor participation. Remember, the Fed has said that it is decisions regarding taper was predicated on improving unemployment.

Whether or not the Fed tapers , the threat of tapering will certainly continue to build up and any fall in the major stock indices or the metals will surely be attributed to the anticipation of the Fed tapering and it's possible impact on economic activity. As many you have noted, as well as most metal analysts, a taper would have disastrous effects on the economy. In addition, all that money that is sitting in the bank reserves is unlikely to get lent out thereby reducing reserves and threatening bank contagion, and a very inflationary situation that the Fed would find unacceptable.

As I mentioned in a previous article, the Fed has focused it's monetary policy specifically on mortgage backed securities as a swap where the reserves mostly remain with the banks. I suggested that the mantra QE to infinity does not address the ways in which the Fed could begin influencing other area's of the economy if it decided to lessen the amount of MBS it buys. Also the anticipation of what the Fed will do is occurring as the prospective new Fed chairman, Larry Summers, is going through his selection process. Larry Summer's has said that QE3 has had virtual no effect positively or negatively on the economy.

Finally, a lighter piece of news announcing the new Obama Presidential's an outhouse. It has stirred a bit of controversy in this small New Mexico town.

About the Author

Green Lantern


Green Lantern
Sep 9, 2013 - 7:53pm

Dude, Seriously What Are you Talking About?

No Homie. You didn't understand what I was saying. Obviously a couple of others did. You are trying to force a defintion for a word that the UN can't agree on or many can agree on. Terrorism is just another name for guerilla warfare.

And stop with the spin - Dude, seriously, what u talking bout stuff to make it seem like I'm off on another planet. Homie don't play that game

Start doing your research and find out how the word reentered the English Vernacular in the modern era. You have a handle on something that nobody agree's on because they too aren't willing to call it what it is. Guerilla warfare. PERIOD. End of debate Homie.

"The international community has never succeeded in developing an accepted comprehensive definition of terrorism. During the 1970s and 1980s, the United Nations attempts to define the term floundered mainly due to differences of opinion between various members about the use of violence in the context of conflicts over national liberation and self-determination."[1]

These divergences have made it impossible for the United Nations to conclude a Comprehensive Convention on International Terrorism that incorporates a single, all-encompassing, legally binding, criminal law definition terrorism.[21] The international community has adopted a series of sectoral conventions that define and criminalize various types of terrorist activities.

Sep 9, 2013 - 8:00pm

Matter of perspective really

Being and Iraqi citizen who just saw half his family blown up or be gunned down indiscriminately with a 50mm on a helicopter (thank you Bradley) or a drone strike, targeted at you without trial or anything be it Afghanistan Pakistan lots of places in Africa, what is now allowed to go on in the power vacuum in Libya - Yep - I would call that Terrorism.

Indden, when many in the USA do not want to stand up for their rights for fear of big brother, or wondering who might be reading your private email or bank transactions of internet sites, or when you think twice before you use some words as they are on the list..... TERRORISM!

As for those ships on the med - I very much doubt it is even half correct. Blind stab in the dark if anything.

AlienEyes Mr. Fix
Sep 9, 2013 - 8:10pm

@ Mr. Fix, ancientmoney, et al

I have been saying for at least five years the O'bummer is at best, an ardent socialist and at worst, a mentally unbalanced Muslim communist. I have also said that "job one" to O'bozo would be to inflict as much damage on the USA as possible....with the full approval of 51% of American voters.

As far as inciting a nuclear exchange, there are two trip wires to watch for. The first would be the use of nerve agents on American military personnel and the second would be the sinking of an American carrier. At that point, my best advice would be to "duck & cover".

For those TF members that have failed to notice, O'bozo has already created "a redistribution of wealth" and only the zombies among us are unaware of being mugged.

To help the people that are in denial or are intellectually disenfranchised and/or as dumb as a block of wood, I'll list the real reasons we are where we are....

1) Any student of history will tell you that wars are good for the economy. In this case, war would clearly be a win-win for O'bummer and the rest of us be damned. War will make it necessary to keep the people already in or even add people to our military. If they are released from service it will cause an instant rise in the unemployed figures. There aren’t even enough hamburger flipper jobs left to handle their demand for employment.

2) If there is war, the US dollar will gain value as the senile and dull-normal rush into it as a safe haven. Just what a national counterfeiting / ponzi operation would want. When the dollar hits the barroom floor, the NWO will be neck deep in gold bars. Those of us that sold their PM's will be "Zimbabwe millionaires".

3) There are simply no other options left and the banksters are demanding it. A higher dollar will allow the NWO to buy property and PM’s as they get out of the dollars they still hold. They know the USD is done for because they caused it.

Sep 9, 2013 - 8:14pm

Big week this week. 3, 10 and

Big week this week. 3, 10 and 30 year auctions. If the Chinese (and Russians) wanted to make a point, this week would be the week to do it. Ag and Au might (might) take a smashing this week.

Sep 9, 2013 - 8:14pm

Haha, end of debate

So you include Taliban throwing acid on Afghan school girls, for learning, under guerilla warfare?

Yea, those girls got guerilla'd good. I bet it took some high intensity training to pull off that bit of military brilliance.

End of debate, indeed. You are correct that a couple of other people did 'get' what you were saying. I suppose this place does not want for nutcases.

If you don't specific words, that's your business. We could equally well get rid of 'racism', a term abused far more than 'terrorism'. But some people use it incorrectly, so let's get rid of it. From now on we'll just group racism, bigotry, spousal abuse, pedophila, mugging, and assault under 'being a big meany'. No need to get bogged down in arbitrary details.

argent rampant
Sep 9, 2013 - 8:23pm


If that map from zerohedge is accurate, which is what I was questioning, then where ARE the carriers that every body seems to think we are going to have sunk? I they are not even in the Med, I don't see how the Syrians, or the Russians, are going to sink them???? There's a lot of BS on the internet.

Mr. Fix
Sep 9, 2013 - 8:27pm

@ ancientmoney

I wholeheartedly agree that our ships are just sitting ducks, waiting for somebody to shoot at.

Just the fact that he was promised a retaliation strike is just too tempting for him to let go.

I know that Obama needs to provoke that attack, but I suspect he has another trick up his sleeve, I suspect another false flag, one on par with 9/11 will be used as the impetus to drive America to war, and the reason he's not backing down, is that he already knows it is coming, so when he opens his mouth and says “I told you so”, at least he'll be consistent.

It has to be convincing though, the entire planet knows what a scumbag he is, and how badly he wants a war.

I don't think he cares about political suicide, if it is the only option he has he will fire the first shot.

Alex Jones may have already screwed up a planned false flag, when he discovered and reported that “unauthorized nuclear warhead transfer”. Lindsey Graham has promised that Charleston would get nuked if we don't attack, that would be just too damn obvious.

But something is coming, these guys don't just give up because the goings getting rough,

they seem to be operating with a genuine sense of urgency.

The oncoming economic collapse isn't going to wait forever, and at the very least they need to divert attention from those responsible for it.

This is far from over.

Sep 9, 2013 - 8:31pm
Mr. Fix
Sep 9, 2013 - 8:34pm

argent rampant

I believe about a week ago I read an article that the Nimitz had been stationed in the Persian Gulf, and has been ordered to go to the Mediterranean Sea, because the airplanes would not be allowed to fly over the countries in between.

I have no idea how long it takes a carrier battle group to make that journey, but that's just one out of the three that were in the Persian Gulf. A few months back, the Enterprise was deployed to the Persian Gulf on its “last mission” before being decommissioned. It is now parked off the coast of Iran. Plenty of people thinking that's the one they want to sink.

No one said that a aircraft carrier had to be sunk in the Mediterranean did they?

I was thinking along the lines that if Iran wanted to retaliate for an attack on Syria, they could lob a few missiles into the Persian Gulf and take out a substantial amount of the American naval fleet.

I've seen maps of the world that have all of our major naval assets and their positions in real time.

Maybe I'll go see if I can find one.

Sep 9, 2013 - 8:40pm


Do an image search for white phosphorous. Then come back swinging on THIS particular topic. Most people here understand that murder is murder FIRST, before it can be called any kind of -ISM. Let alone 'collateral damage' or 'unintended consequence' that may or may not be the result of 'incontinent ordnance'. Do YOU understand that?

As for '-isms', your opinion on the necessity of sweeping overgeneralizations to herd groups of people into divisive, arbitrarily defined groups, and to encourage mental constructs to REINFORCE said segregation into these groups, is noted. Why don't you propose a few MORE, to make our categorization more concise and comprehensive? As it stands, there are PLENTY of things for which we do not yet have appropriately Newspeak labels.

Sep 9, 2013 - 8:44pm

skullduggery - -

Dolphin class subs. will be lurking and ready for skullduggery of a very devious nature.

Mr. Fix
Sep 9, 2013 - 8:44pm

The maps are different now.

Every time an article used to run on Zero Hedge about our deployment of ships, they would have an interactive map, where you could look anywhere on the planet and it would tell you where the ships were.

The map that they posted in the story is supposed to be interactive, but it does not work.

I went to the website listed on the map, but it is still just a picture of an interactive map, but the controls are disabled.

I'm wondering if real-time information as to where all our ships are right now has suddenly become unavailable?

Nigel Black
Sep 9, 2013 - 8:46pm

anyone seen the 2013 white house christmas ornament?

don't know whether to laugh or cry - also ironic they are honouring Woodrow Wilson, the President who signed the Federal Reserve Act into law 100 years ago:

Sep 9, 2013 - 8:49pm

Egypt Tightens Sinai Security

Egypt tightens Sinai security, assesses militant threat


Mon Sep 9, 2013 6:20pm EDT

CAIRO (Reuters) - Egypt has tightened control of crossings from the Sinai after an Islamist militant group based in the peninsula said it tried to kill the interior minister in Cairo last week, the state news agency reported on Monday.

The group Ansar Bayt al-Maqdis claimed responsibility on Sunday for last Thursday's suicide bombing aimed at Interior Minister Mohamed Ibrahim. It promised more attacks in revenge for a crackdown on Egypt's Islamists, raising fears that militant violence in the Sinai could spread across the country.

The Egyptian military on Saturday launched a major assault on militants in North Sinai, killing or wounding at least 30 people in clashes close to the Palestinian Gaza Strip.

State news agency MENA said that Ibrahim decided to boost security surveillance and tighten control of crossings from the Sinai to other Egyptian regions in conjunction with a broad security campaign in the peninsula.

Sporadic violence continued on Monday, when one supporter of deposed Islamist President Mohamed Mursi's Muslim Brotherhood was killed and 10 people were injured in clashes between soldiers and supporters of the group in North Sinai, state television said.

Security sources later said two people were killed in the clashes.

In two separate incidents in central Sinai, three soldiers were injured when gunmen opened fire, according to MENA, while security sources said two soldiers were killed in attacks by gunmen in Sinai.

Islamist militancy has risen sharply in the often-lawless region adjoining Israel and the Gaza Strip, and elsewhere in Egypt, since the army deposed Mursi two months ago following mass protests against him.

Last Thursday's daylight attack was the most spectacular so far. A suicide car bomber blew himself up next to Ibrahim's convoy as he left his Cairo home for work in an armored limousine. The bomber, a passerby and an unidentified person were killed and more than 20 others were wounded.

Security officials said they were assessing the threat posed by Ansar Bayt al-Maqdis, which is said to have 700 to 1,000 members and is considered the second-largest jihadist group in Sinai behind Salafiya Jihadiya, which has an estimated following of around 5,000 members.

Some officials doubt Ansar Bayt al-Maqdis is capable of mounting attacks outside Sinai.

Security officials told Reuters they were especially concerned that the group, whose name means "supporters of Jerusalem", will use stolen government vehicles for car bombs.


In another development, unidentified gunmen on Monday opened fire on the car of the co-founder of a movement that helped bring down Mursi. The Tamarud movement's website said Mahmoud Badr's car was stolen in the attack on the outskirts of Cairo and that he was unharmed.

It also said the gunmen seized papers related to the committee entrusted with amending the constitution that Mursi had signed into law. Badr is a member of the committee.

Mohamed Haykal, another founding member of Tamarud, told the website of state newspaper Al-Ahram that "thugs" were responsible for the incident.

Sep 9, 2013 - 8:55pm

Back to the metals!

What happens in Syria will have almost no bearing to how the PM's trade down the road, it's about the fundamentals.

Sure, if WW3 starts in the Middle East, then gold will trade differently. Who knows, a perceived US victory could be dollar bullish.

The stock market didn't seem too worried about Syria today, either did the gold market.

Mr. Fix
Sep 9, 2013 - 9:03pm
argent rampant
Sep 9, 2013 - 9:05pm

US carrier locations

According to, if they are to be believed, the Nimitz is in the Red Sea and the Truman is in the Arabian Sea. If that is true, that would tell me that neither of them is in any danger from the Russians or the Syrians. The five destroyers in the Med are at risk, and would appear to be at a disadvantage to the Russian ships there. They have no need to go within range of the Syrian ASCM's however. Remember, we also have land based tactical air in Italy and probably other locations as well.

Sitting ducks? Maybe, but maybe not, too. I don't know and I admit it. Others seems to think they know, but I seriously question their expertise.

If someone has better info than me, lay it out. But I am getting tired of hearing how our ships are all going to be sunk!

Once again, I do not support an attack on Syria at this time. I am not a war monger. I also understand that our warships are made to fight, if necessary, and are capable of doing so. <rant off>

Mr. Fix
Sep 9, 2013 - 9:10pm

I have looked at these maps before,

Back in the spring, the last time I saw a map like this, there was a heck of a lot warships on it.

I have no idea where they all went.

argent rampant
Sep 9, 2013 - 9:10pm


To strike Syria from the Red Sea, or from the Arabian Sea, requires overflight of Saudi Arabia and Jordan, both of whom seem to be in the "Do it!" category.

Sep 9, 2013 - 9:12pm

I DO Need...

...To get a copy of this game.

Green Lantern
Sep 9, 2013 - 9:13pm


I'd like to suggest an ism. Putz-ism. It's all the rage.

A short list of more contrived isms.

The Ism Book: List of Isms

dialectical materialism

historical determinism

And too many more to list

argent rampant
Sep 9, 2013 - 9:18pm

If we have carriers in the Med,

everybody in the world should know it, since they can only arrive there via either the Suez Canal (is it operating?) or the Straits of Gibralter. So, I guess we do not.

If we do not have carriers in the Med, who is going to launch cruise missiles at them????

argent rampant
Sep 9, 2013 - 9:19pm

Going to bed

Be well, everyone!

Sep 9, 2013 - 9:21pm

New thread: Suspect US ships

New thread:

Suspect US ships will stay west of Cyprus. Puts them out of range of Sunfire and keeps them well in range for their cruise.

Safe as safe can be, unless some fast small boat can wiz in and launch something nasty.

Mr. Fix
Sep 9, 2013 - 9:39pm
argent rampant
Sep 9, 2013 - 9:50pm

I really am going to bed,

but saw your post. The article says Red Sea, not Med. No cruise missile threat in Red Sea.

'Night, all.

SteveW Green Lantern
Sep 9, 2013 - 9:53pm


Seems like I've ignited a semantic discussion of the abstract noun terrorism, upon which war was declared by Bush II.

GL: Why do we call our actions war and their actions terrorism?

Simple, the words carry emotional overtones. War, especially to right wrongs, is noble while terrorism is despicable.

In earlier times the distinction was between "freedom fighters" and "terrorists" and while these were the same folks the different descriptions were simply different points of view. The freedom fighters of the US revolution were terrorists for the British.

SteveW Bugzy
Sep 9, 2013 - 10:00pm

The power of "no"


Think of the scenario - The rest of the world says no, US people say no, congress says no - and he just does it anyway?

Political and personal suicide.

I don't recall Congress giving prior approval to the Iraq invasion and while the UN gave post invasion approval I remember millions of folks worldwide demonstrating outside US embassies and also in Washington.

Can't recall the suicide of Bush II.

Mr. Fix
Sep 9, 2013 - 10:11pm
Sep 9, 2013 - 10:40pm


IMHO, the second invasion of Iraq and any US military action against Syria now, are equally wrong.

But, with regard to circumstances, Bush II did have the "Coalition of the Willing," and was not staring down potentially opposing warships, and Sunburn and Onyx missiles.

Obama has...the "Coalition of the French," and has been roundly, publicly redressed by other nations, even in popular media, and is facing a meaningful foe face-to-face in the theater. Even the Brits told him "Jumbo FO," for heaven's sake.

Bush II pulling the trigger, and Obama pulling the trigger, yield significantly different implications for the respective gunmen.


Donate Shop

Get Your Subscriber Benefits

Exclusive discount for silver purchases, and a private iTunes feed for TF Metals Report podcasts!

Key Economic Events Week of 3/18

3/19 10:00 ET Factory Orders (Jan)
3/20 2:00 ET FOMC Fedlines
3/20 2:30 ET CGP presser
3/21 8:30 ET Philly Fed
3/22 9:45 ET Markit PMIs
3/22 10:00 ET Existing Home Sales
3/22 10:00 ET Wholesale Inventories (Jan)

Key Economic Events Week of 3/11

3/11 8:30 ET Retail Sales (Jan)
3/11 10:00 ET Business Inventories (Dec)
3/12 8:30 ET CPI (Feb)
3/13 8:30 ET Durable Goods (Jan)
3/13 8:30 ET PPI (Feb)
3/14 8:30 ET Import Prices (Feb)
3/14 10:00 ET New Home Sales (Jan)
3/15 8:30 ET Empire State Manu Index
3/15 9:15 ET Cap. Util. & Ind. Prod.

Key Economic Events Week of 3/4

3/5 9:45 ET Markit and ISM services PMIs
3/5 10:00 ET New home sales (Dec)
3/6 8:30 ET Trade Balance (Dec)
3/7 8:30 ET Productivity and Unit Labor Costs
3/8 8:30 ET BLSBS
3/8 8:30 ET Housing starts (Jan)

Recent Comments

by mistymorning, 2 hours 2 min ago
by Craigo, 2 hours 9 min ago
by Blackwatersailor, 3 hours 23 min ago
by ReachWest, 5 hours 20 min ago
by Clarki Stomias, 6 hours 10 min ago
by alcalhoun, Mar 23, 2019 - 11:06pm