Tue, Jun 3, 2014 - 11:01am

Is there any institution left that is honest and forthright? More importantly, how can any system survive and prosper when its foundation is built upon dishonesty and lawlessness?

A post like this one could take days to write. If I were to give you a detailed list of the lies, fabrications and lawlessness that now permeates our everyday life, the project would require more than 10,000 words and days of effort. Frankly, I don't have that kind of time...though I do hope to finally get started writing my book this summer.

So, let's just summarize a few of the primary items:

  • At the top of the list are the chief executives of The United States, each of whom swore an oath to uphold the Constitution. How far back would you like me to go with this one? BillyJeff and "everyone lies about sex"? How about Reagan and "Iran-Contra"? Maybe LBJ and "The Gulf of Tonkin"?
  • Then there are the various government agencies who distort (BLS), threaten (IRS), selectively prosecute (DoJ) and criminally co-conspire (CFTC and SEC).
  • Of course there's the media. Whether they are actively campaigning for a political cause (CNN, Fox, etc) or simply promoting the case of MOPE and SPIN (CNBS, Bloomberg), the American and "western" press has now been utterly co-opted by the political and financial elites.

And this is where the whole thing starts to get really ugly because there is nothing and no one you can trust anymore.

  • Sports figures cheat and then lie to cover it up and avoid responsibility (Tiger Woods, Ryan Braun, etc).
  • Civil wars erupt while lies and propaganda flow so thickly that the truth is buried in an avalanche of conflicting stories, accounts and tweets (Russia and Ukraine).
  • Financial accounting standards are "massaged" so that banks can carry at par securities that are utterly worthless, thereby creating the illusion of solvency and strength.

Which brings us to some of the current scandals plaguing the Woody Administration, the latest of which is growing by the day. It seems that a certain American POW has been recovered. This would normally bring cheers of rejoicing and great happiness. Not these days and not for this particular POW. If you're unfamiliar with the case, here are some links to bring you up to speed:

So, as far as I can tell, this guy deserted. He walked off of his base and joined the other side. To recover him, Woody struck a secret deal with The Taliban and, in order to secure Bergdahl's release, shipped back 5 pretty dangerous dudes from Gitmo. This would be bad enough if Woody hadn't clearly broken the law in the process. Don't believe me, read here:

So, in the end, why should any of this be surprising? Everyone lies and no one cares.

  • Woody can break the law with impunity, whether it's the POW case or amending Obamacare
  • Congress lies and SPINs while they line their individual pockets with Treasury largesse
  • The media lie when they routinely report only their preferred side of the story
  • Government agencies lie about economic statistics and criminal activities
  • Government "regulatory" agencies lie as the TBTF banks escape justice while professional golfers are investigated for "insider trading"
  • The TBTF banks lie by distorting their balance sheets and quarterly reports. They also lie by underreporting trading losses, manipulating their clients and manipulating prices to their benefit

AND THIS ALL MATTERS. Why? Because systems based upon lies and falsehoods are not sustainable. Period. We spend a lot of time here discussing the certainty of the end of The Great Keynesian Experiment. We should also be discussing the virtual certainty of the end of The Great American Experiment. A system that was built upon a foundation of truth, honesty, liberty and personal responsibility has been compromised by a generation of lies, dishonesty, oppression and lawlessness.

It was Jesus Christ who first assured us that "you shall know the truth and the truth shall set you free". It's a good thing that He was talking about an otherworldly truth and the redemptive qualities of such for, here on earth, truth has been banished and the resulting chaos is making slaves of us all.


About the Author

turd [at] tfmetalsreport [dot] com ()


Jun 3, 2014 - 11:03am

Forum topic for Ukraine updates

For any Turdites interested, I started a thread in the forums for updates/dicussion.

Jun 3, 2014 - 11:05am


Amen Brother

Jun 3, 2014 - 11:09am

Animal Farm

"All animals are equal, but some animals are more equal than others." - George Orwell

Let's see, a deserter traded for five top commanders. In case you haven't figured it out, there's someone at the top playing for the other team. But that's OK because there will be no impeachment, Congress would be rayciss if it did anything.

Jun 3, 2014 - 11:18am


Very much appreciated. Please keep us posted!

Jun 3, 2014 - 11:20am

A Fifth

of Jamiesons finest please.Need some thing to get through this debacle.

Jun 3, 2014 - 11:20am

For those of you who haven't,

For those of you who haven't, I would encourage you to read "The Lucifer Effect" by Philip Zimbardo. It's a treatise on how bad organizations will corrupt otherwise good people and make them to evil things.

The whole damn country is a prison experiment now.

Jun 3, 2014 - 11:21am

A Question of London & Western Central Banks Remaining Gold

A Question of London and Western Central Bank's Remaining Gold:

Jun 3, 2014 - 11:22am

First Quarter GDP Was

First Quarter GDP Was Negative: Economy Headed For Deep Recession

June 3, 2014Financial Markets

It may not seem like it if you have a well-paying job which covers most of your Obamacare costs and that enables you make your mortgage payment, pay the leases on your cars and enjoy discretionary spending, but for the 76% of the country that lives paycheck to paycheck the economy never really recovered from the Great Financial Collapse and is getting worse by the day. See this article, for example: CNNMoney.

I predicted late last year that the first quarter GDP might register an economic contraction. You would know it from watching just the stock market, but the first revised estimate of Q1 GDP showed a 1% decline occurred.

I wrote an article for Seeking Alpha explaining how the trend in retail sales and home sales – two key variables to the economy – are showing the strong possibility of an even bigger contraction in Q2. You can read the full article here: Negative Q1 GDP, Q2 Worse?

By the way, the bond market – which usually “sniffs” out trouble before the stock market sees it – is telling us that my analysis is likely on the right track. By the way, Obama’s war-mongering in the eastern hemisphere plus Obamacare spending saved the economy from going even more negative in Q1 (in case you wondering why Obama seems anxious to start wars with everyone)…

One more point, before you fall for the highly-spun propaganda that the Obama Government has narrowed the spending deficit, you should know that funded Treasury debt – i.e. the amount of new Treasury debt issued and the money spent – was $250 billion in Q1 – or $1 trillion annualized. Debt is only issued to cover deficit spending…

Jun 3, 2014 - 11:22am

Where $1 of QE Goes: The

Where $1 of QE Goes: The Untold Story / by ffwiley / June 3, 2014

“We don’t understand fully how large-scale asset purchase programs work to ease financial market conditions.”
- New York Fed President Bill Dudley

“I don’t think there’s any doubt that quantitative easing enabled the rich and the quick. It was a massive gift… It was deliberate in the sense that we were hoping to create the wealth effect… I hope that we do indeed succeed in being able to say in the end the wealth effect was more evenly distributed. I doubt it.”
- Dallas Fed President Richard Fisher

“Just as I thought it was going alright, I find out I’m wrong when I thought I was right, it’s always the same it’s just a shame, that’s all.”
- Genesis front man Phil Collins

Sometimes the most interesting results are the ones you didn’t see coming.

We recently picked through financial flows data looking for clues about where a dollar of quantitative easing (QE) ends up.


Jun 3, 2014 - 11:23am


Has this new YT channel and he offers a solid explanation of last week's option expiry takedown:

Clarki Stomias
Jun 3, 2014 - 11:29am

I've posted this quote from John Adams before

But it merits reposting, given the topic.

"While our country remains untainted with the principles and manners which are now producing desolation in so many parts of the world; while she continues sincere, and incapable of insidious and impious policy, we shall have the strongest reason to rejoice in the local destination assigned us by Providence. But should the people of America once become capable of that deep simulation towards one another, and towards foreign nations, which assumes the language of justice and moderation while it is practising iniquity and extravagance, and displays in the most captivating manner the charming pictures of candor, frankness, and sincerity, while it is rioting in rapine and insolence, this country will be the most miserable habitation in the world; because we have no government armed with power capable of contending with human passions unbridled by morality and religion. Avarice, ambition, revenge, or gallantry, would break the strongest cords of our Constitution as a whale goes through a net. Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other."

-John Adams

Jun 3, 2014 - 11:31am

Thanks Turd

Thanks Turd for putting into words what I have been feeling for awhile.

Ever notice how they are using one controversy to distract from the previous one? Benghazi and IRS scandals were pushed aside by the VA scandal. Now no one is talking about the VA due to the release of the terrorists. What a great time to announce the new EPA regulations that will increase the electric bills hitting the middle class and poor the hardest.

Many Presidents, heck maybe most, pushed the envelope on their constitutional power. Some clearly broke the law. Sometimes it might have been for what they believed were good reasons with the country's best interest in mind like Lincoln. But never in history have we had the lawlessness we have seen out of this administration. And an opposition party with idiots as leaders that don't have a clue of how to reign it in.

Jun 3, 2014 - 11:37am

Makes me sad

This post is dead-on, and highlights something that a lot of people seem to forget: Not only are we looking at the predictable end of failed economic theory (something shared by a lot of countries), but we're also looking at the end of the Great American Experiment, which started out as a great and beautiful thing.

It makes me sad, and also has me feeling impotent: it's clear that we're far too gone to turn things around, so all we can do is watch and prepare. I admire those willing to chronicle events and seek to wake up others, people like Turd, the Tylers, and Jim Quinn. I wish I had their depth of knowledge and wordsmithing skills so I could contribute to that work.

I also wish I knew what else could be done besides preparing for the inevitable. Political action is pointless at this point; proselytizing will get you painted as a loon, and moreover puts a target on your back as a prepper once it starts to truly come apart. Any thoughts on constructive steps that I or anyone else could take, beyond self-educating and preparing for the likely future, would be welcome.

Jun 3, 2014 - 11:40am


Turd, this is one of your best squibs in awhile, and that's saying something.

Not everyone here is a Southerner, like me, but everyone here can remember what the Founders said as they charted their own course:

"But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security." - the Declaration of Independence

That's clearly an ideal that represented the best about America. And the time is coming, when we'll have to decide for ourselves, as the Founders did: do we like the idea of freedom better than the actuality of freedom?

The system is indeed impervious to reform, change, and even addressing grievances. The time is coming to reclaim our birthright of freedom, and begin again....institutiong new, smaller countries for our own communities within the North American continent, just as they did. It won't be easy, but no one ever said it would be.


GOFO got cut in half again today. I predicted in the last thread it could easily happen, and it actually was cut by more than 50% on the 1 month. The cartel it seems, could only manage to get the one month as high as .058% LOL That does not bode well for them, at all.

Jun 3, 2014 - 11:41am

Jun 3, 2014 - 11:50am

The Lies Stem from the Pinnacle - FIAT

Fiat currency is a lie. Everything flows from that. How can this be surprising that the entire system, built and maintained upon an utter lie, contains within it, lie after lie?

The system is sustainable, so long as the lies are maintained.

Hence, the elites' goal is not to find an alternate system; rather, the goal is to maintain the system at all costs.

This is such an obvious truth as to be utterly unbelievable by those that want to believe in the system. One cannot gain an understanding unless one is willing to discard firmly held beliefs. Overcoming normalcy bias is impossible for most regular folks, because it takes tremendous courage to face the abyss of fear of the unknown.

We know, we understand, yet we cannot convince others. Only they can open their own eyes when they are not afraid of learning the truth.

Jun 3, 2014 - 12:22pm
Verus nemo
Jun 3, 2014 - 12:32pm

Even as a vault member, it is for

threads made public like this one----threads that address the bigger issues-----that I am proud to be a turdite and point others toward this website. While discussions concerning PMs and their true value are vitally important, it will be issues like this, the lawlessness of our corrupted system, that will eventually draw into our fold those that currently are 'asleep.'

Thank you, Craig!

Jun 3, 2014 - 12:36pm

Any expertise on this?

Gold and Silver, Silverconfiscation,Spain, Europe, USDollar

Jun 3, 2014 - 12:40pm
Jun 3, 2014 - 12:41pm

One giant cesspool of vampiring squids and politico suction

parasites globally. No wonder so many giant squid attack movies of the 50's and 60's. Then we went into alien blood suckers 70's,80's, and 90's. Now we're to be saved by the enlightened ones from other universes of the 21st century. All just holiwooden head a holiness, setting up the public for harvesting wealth. Year after year, decade after decade. It's all one giant headed OZ behind the curtain. Not benevolent but malevolent. We're awakening so the depopulation must begin. All one wash, rinse, repeat cycle of the EEE; elitist evil empire. We're about to be spin dried and only those left will get what's left for the taking from the lint trap of evil global bankstering spin. This time there will be intervention. By the people likely but more importunately divine intervention to make bare the arm of the Lord in the last days. With out divine intervention this time around, the scorched earth policy of the EEE, would lay the world and all of us thereon completely wasted away. These days will be shortened or no flesh survives. It is written. As plain as word can be!

Jun 3, 2014 - 12:41pm

haven't logged in or posted

haven't logged in or posted here in a month of sundays but i do check the site now and again. turd and the contributers do a nice job and needed service. (hmmm, 'turd and the contributers'... sounds like an early '60's rock group.)

anyway, you ask why, tf?? well, i'll tell you why. (said in my best ross perot voice)

you say the dishonesty you speak of cannot last. well, that may or may not be true. but in any case, unless the light is shown on the wrong deed at an early moment and stopped then - the crime is usually more than worth the time.

like the old thought experiment: 'would you go to jail for a milion dollars?'

depending on the terms most people probably would. i know i would. say they give me 3 to 5 for some sort of embezzlement of which they discovered only a portion - or as punishment for some other wrongdoing in which i end up millions ahead. one could view this as being paid x million for 3 to 5 years of 'work.'

sign me up!!!

and in the entertainment or sports world the cheaters might be wrist-slapped and given a bit of bad press - but what of the years of adulation, endorsements, income, and WOMEN these guys raked in during their heyday? there is no taking those luxeries away. IT HAPPENED!!!

lance armstrong is world famous and still filthy rich. barry bonds isn't diving into dumpsters for his lunch. etc. etc.

and of course let's not even bring up the world of politics....

today, punishment does not equal the crime in the white collar world. the punishment needs to more than offset the crime in order to be a deterrent. and the ministers of this justice need to be fair.

neither is the case.

oh well, back to working for peanuts to pay my taxes in order to support those that don't or won't - or just to subsidize the powerful.

(...................turd and the contributers..... i bet they stunk.)

Jeremiah Jr
Jun 3, 2014 - 12:48pm

Great Post !!!

Excellent analysis of where we are at as a Nation.

"Is there any institution left that is honest and forthright?"

Professional wrestling

Urban Roman
Jun 3, 2014 - 12:48pm

The Truth Shall Set You Free

But first, it will piss you off.

Jun 3, 2014 - 1:05pm

"only they can open their own eyes."

Thank you California Lawyer. So sad. Devastatingly sad. It is like beating one's head against the wall when dear friends and loved ones do not seem capable of grasping the concepts we discuss here regularly. We know they would care but they simply do not get it. This is a total disaster. The "slow burn" of Catherine Austin Fitts kills the entrepreneurial spirit that thankfully can be found in pockets of blissful ignorance. I feel like what it must be like to be schizophrenic. Thank you also to Turd and all fellow Turdites.

Verus nemo
Jun 3, 2014 - 1:26pm

Lex mala, lex nulla

Next step?

"When in the Course of human Events it becomes necessary for one People to dissolve the Political Bands which have connected them with another...that whenever any Form of Government becomes destructive of these Ends, it is the Right of the People to alter or abolish it..."

Jun 3, 2014 - 1:33pm

Excellent post Turd

No democratic society can survive when dishonesty is the foundation of it's culture. We can debate the starting point of our downfall into this abyss. In my mind the point of no return was when Clinton announced that "he didn't have sex with that woman". That was the first time our society as a whole, turned a blind eye to outright lying by it's chief executive. If the president can lie and get away with it, then lying and misleading people is OK. That toxic attitude then grew exponentially, like a cancer. At least Nixon was held responsible for his indiscretions.

Today every institution lies to us, cheats us, and misleads us, and we no longer hold any of them accountable. Lying is now perfectly acceptable because we all do it! How many of us hold others to a standard of honesty? How many persons of influence hold the BLS accountable for their garbage? The inflation numbers? The CFTC? The SEC? The Department of Justice? The Bankers? How many of us refuse to fly Delta when they lie to us about their frequent flyer program. How many of us discontinue use of Direct TV when they mislead us about the fees? How many of us hold our investment advisors accountable when they mislead you about fees or risk? How many of us change banks when they steal money from our accounts? How many of us hold realtors accountable when they mislead us about property they want to sell to us? Why don't we as a society stand up for principle anymore???? Because everybody does it!

In addition to having an honest ethical underpining, NO society can survive and prosper when the rule of law is not enforced equitably. No society can survive and prosper when property rights are abrogated. Our current system, and populace, promotes and rewards both of these travesties. This new system, which has grown exponentially over the last 25 years, promotes distrust, fear, apathy, (there is nothing I can do about it), and selfishness (got to watch out for number one). Where the end justifies the means. We must face reality. THIS current system will not survive. The foundation, the bedrock of our past success has disintegrated within one generation.

IN real time we are living the end of the Great American Experiment. The tragic end. The question remains do we as a society have the guts, the intestinal fortitude, the integrity, the stamina, to reconstitute what came before us, when we do face the ultimate collapse?

Like all great civilizations the world has ever seen I don't think we do. No great civilization has ever reconstituted itself after collapse. Not Greece, not Rome, not Egypt, not the Mongols, not the Persians, not the Ottoman Empire, not the British empire. And so too not the American Empire. The foundation, the bedrock, of the Puritan ethic which guided this land for 300 years, is long gone. We, like the rest, will live on the laurels of long ago, pining for the great days of the past. Never to return.


Jun 3, 2014 - 1:46pm

What Bergdahl's daddy said at the Rose Garden

Some excerpts from a conversation on another blog:

First comment:

Father of Soldier chants “Bismillah ir-Rahman ir-Rahim” —which means “In the name of Allah, most Gracious, most Compassionate.”

Reply to the first comment:

A survivalist site I visit says that incantation is used to claim a place for Islam. It is the start of every chapter of the quran except for one, the chapter of the sword, the 9th. by uttering these words on the grounds of the WH, Bergdahl (the father) sanctified the WH and claimed it for Islam.


I looked to see if I could confirm the claim, and here's a link to one of many articles about what Bergdahl's daddy said:

Jun 3, 2014 - 1:59pm

DenverDave Submitted by Turd Ferguson on June 3, 2014 - 11:23am.

That video is one of the first I've watched that gives a simple, logical, rational, believable explanation for gold suppression.

Max Robespierre of The Terror, had a healthily cynical view on government: Any institution which does not suppose the people good, and the magistrate corruptible, is evil.

metalsbyamile tyberious
Jun 3, 2014 - 2:09pm


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TWELVE Goon speeches through the week
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