An Interview of Ted Butler

Tue, Nov 4, 2014 - 11:45am

Chris Martenson does great work on his site, Peak Prosperity. Late last week, he posted a podcast with silver analyst Ted Butler, who rarely does public interviews. Needless to say, this 45-minute presentation is well worth your time.

This wide-ranging discussion focuses primarily on silver and the mechanisms that have brought prices to these current lows. Almost everyone will benefit from listening to this sane and rational discussion.

More information on Chris' excellent service can be found here:

And subscription info for Ted's newsletter can be accessed here:


About the Author

turd [at] tfmetalsreport [dot] com ()


Nov 4, 2014 - 11:49am

Duce ?

Me Two

Can't Happen Here
Nov 4, 2014 - 11:52am


First first for me

Good interview, I'm only about 10 min into it so far but it's well done IMHO. I have a relative staying with me who's into the whole "Buy Moar Stawks!!1!1!eleventy!!1!" thing but he's actually listening to the interview. Butler and Martenson did a good job on this.

Nov 4, 2014 - 11:57am

Ted Butler will soon be shown to be right

Unfortunately, that does mean that the world is going to change, and some of the changes are not so nice. No matter what we do or how we vote, the wheels are going to turn, and the main stream media will say, we never saw it coming.

Nov 4, 2014 - 1:07pm

Democraps and Repukes

They both are wholly owned and controlled by the Money Masters.

It has been like this even before our great grandparents were born! That is why every alphabet agencies CIA, FBI FDA, USDA, SEC, EPA..etc in the US is compromised. And MSM, you did your job well hiding the truth from "We the People".

Edit: The only election results we should be looking at is how many will be voting against Reps and Dems and comparing them with the last election result. We need an 'awakening' not only here in the US but world wide!

Nov 4, 2014 - 1:33pm
Nov 4, 2014 - 1:55pm


What do people make of the fact that Eric Sprott unloaded over $2 mil of his Physical Gold Trust on October 31, the very same day he did an interview on King World News where he stated, "again, I just think that owning paper assets is the worst thing that anyone can do, and they should continue to buy and own physical metals"? I am beginning to think all the big monied interests in this sector are as brazen and immoral as the perpetrators of the financial crimes they claim to detest. 

sierra skier
Nov 4, 2014 - 1:57pm

Great site

I receive weekly updates in my email from Peak Prosperity and usually check out his current offerings.

Thanks for all you do Turd.

Nick Elway
Nov 4, 2014 - 2:06pm

Somebody please get Ted Butler the memo

The CFTC is part of the government.

The commercials are acting on behalf of the government.

The CME is acting on behalf of the government.

The government is likely working on behalf of the TBTF bankers (it is definitely not working on behalf of middle-class savers)

The government will not prosecute itself or people that work for it. The government has NO interest in assuring a fair market or following the rule of law.

Traditionally the government is not subject to its own laws. 

Interestingly, as the USA has abandoned the rule of law, China is attempting to embrace it:

Alonzo Jazzberry
Nov 4, 2014 - 2:28pm

@Stock_Canines re: Sprott

I saw that, and I guess I can understand the frustration, but there are so many reasons that someone with that much capital would move into or out of a position that wouldn't necessarily entail the bearish or bullish personal opinion it might seem to.

My solution is this: ignore Sprott, Jim Sinclair and anyone else who has a vested interest in talking their book when it comes to PMs. Not because they are liars, but because it's too difficult to tell. We all think we're experts on knowing who to trust, and that's exactly what con artists and charlatans thrive on. Why open yourself to that risk?

Likewise, I wouldn't sell just because Sprott does. His investment constraints and objectives are so much different from the average Joe, it's hardly worth a glance IMO.

Nov 4, 2014 - 2:33pm

And some fresh Dr. Jackass

More segments coming from Elijah. This is just part one:

Nov 4, 2014 - 2:45pm

Elijah's Jim Willie interview

I always thought that Jim Willie doesn't want his interviews behind paywalls.

​I wonder if Elijah told him that he'd split it up and put the second part on a pay-channel.

Nov 4, 2014 - 3:15pm

@stock canines

Sprott may have sold gold to buy silver or some miners, if you have any evidence to show otherwise let us know.

Nov 4, 2014 - 3:23pm

Thanks for the Jackass turd.

Always good to know, as I have known for years, the fed fuds are chronic liars. Taper no! End qe no! More jackass morons being lined up for the financial slaughter. Keep stacking and just wait out the liars. The self evident truth will vaporize the liars and of course as is usual; WE THE PEOPLE, PICK UP ALL THE FRAGMENTED PIECES to put our government back together again. The crooks head for places unknown; going underground, to wait out the stupidity of the rank'n file until ready for another wash, rinse, and repeat cycle of something for nothing. Debt based fiat currency, which I hope will not happen for centuries. 

Nov 4, 2014 - 3:25pm

I just find it interesting

That on the very day gold breaks the triple bottom, he states that people should be buying physical metal and staying out of paper, yet he does precisely the opposite . . .not surprising, just interesting.

Nov 4, 2014 - 3:37pm

Jackass is fine..

but I love it when Elijah interviews that Turd Ferguson fellow... at least when he's out on bail.

P.S. Awesome tat, TF- you look like you are ready to do some chartin'!

Nov 4, 2014 - 3:42pm

Thanks, P

Here's one back at ya...

Nov 4, 2014 - 3:49pm

That Central Bank Cartoon

reminds me of the Canadian Mint's 0.99999 Howling Wolf 1 0z gold piece.

Nov 4, 2014 - 3:55pm

Nov 4, 2014 - 3:58pm

We kid because we love you TF!

Here is one for the podcast- the symbolism isn't exactly subtle, but whaddayagonnado?

Nov 4, 2014 - 3:59pm


Gee, you make Turd look like the front man for Linkin Park!

Nov 4, 2014 - 4:02pm


I think he's way cooler than that dude! Plus, as the picture shows, he is working at the carnival. Nobody in their right mind messes with a carny, that is just common knowledge.

Nov 4, 2014 - 4:27pm
Nov 4, 2014 - 4:28pm



Also, Linkin Park's best years "seem" to be behind them. Unlike Turd, I believe his best is yet to come.

Dagney Taggart
Nov 4, 2014 - 4:31pm

CHF Charts

Anybody else looked at the Gold and Silver charts in Swiss Francs?


Can't Happen Here
Nov 4, 2014 - 4:47pm

Hey Turd, you just made my cousin a PM buyer

Following my earlier comment...

He spent the past few hours looking over content here and wound up buying some silver. I deliberately put the Butler audio over my computer speakers so he would hear it (I typically use headphones), I was expecting him to say I was nucking futz for buying a "barbaric relic" but this video and your other content got through to him.

Nov 4, 2014 - 4:52pm

LOL Wow!

I didn't get the poster until I saw the article... OMFG CNBC is so hilarious! Are you kidding me? I'm seriously laughing out loud... I would feel embarrassed if I was working graphics there and had to put that on TV. I figured the guy just said it during a lame interview but the fact that graphics put it up as a headline and drew it out too is just too much. Vomit Camel? LMFAO!

I hope we finally get going tomorrow after the elections and ultimately remember this as the Vomiting Camel Bottom!

Nov 4, 2014 - 4:58pm

What am I missing?

The CHF charts look the same as the rest of them, USD, GBP, CAD, AUD, INF, EUR, are all straight red lines downward over the last few weeks. Unless there's something particular about today I don't see?

JPY is the only one up for the last week lol...

Nov 4, 2014 - 5:15pm

And remember, because of the

And remember, because of the SNB's moronic peg, when you look at the CHF you are essentially just looking at the EUR.

Nov 4, 2014 - 8:53pm

Why would anyone listen to

Why would anyone listen to the golden jackass. He's done enough damage telling people to cash in their 401k and buy gold when gold was above $1700 and the dow was 10k. Dangerous.

Nov 4, 2014 - 9:01pm

Rickards: The Fed Basically Still Uses LTCM’s Financial Models

Monday, November 3, 2014

Henry Bonner

Hi Jim. You have recently published Currency Wars and now The Death of Money. Are you expecting a global collapse of every currency? And if so, a collapse relative to what?

I expect a collapse in the value of currencies relative to real goods, real assets and real services. This will happen to all currencies, not just the dollar. I don’t expect a word where people lose confidence in the dollar and the euro does really well. On a relative basis, I’ve been bullish on the euro for some time. In the endgame, however, if people lose confidence in the dollar this will be inflationary in all countries around the word and I don’t think that any currency will be able to withstand it. When I say ‘the death of money’ what I really mean is the loss of confidence in the purchasing power of money. That’s very likely to be a global phenomenon not confined to any particular country.

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