Peter Schiff's Advice for Switzerland

Thu, Nov 6, 2014 - 3:15pm

With the all-important vote on the Swiss Gold Initiative just 24 days away, today Peter Schiff chimes in with this excellent and informative video address to the good people of Switzerland.

In just 14 minutes, Peter addresses not only the Swiss Gold Initiative, he also gets into the dynamics of why a "gold standard" is preferable to the present, global fiat currency regime. This presentation is a must watch and, if you know of anyone in Switzerland who will have the opportunity to vote in this referendum, please send to that person a link to this video and request that they forward it along.


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turd [at] tfmetalsreport [dot] com ()
Does Feb19 Comex gold close above $1250 on Friday?
Total votes: 191


Jim G Believes · Nov 6, 2014 - 3:22pm

Let's hope they vote the correct way

Thanks for the info Turd

SE · Nov 6, 2014 - 3:39pm


Second! I wish transcripts would be provided for your podcasts.

Groaner · Nov 6, 2014 - 3:47pm

Do you think the people there will win?

It's so scary how much power the bankers/governments have. They I am sure will pull out all the stops to prevent this vote from happening. They took down the Paypal donation site. It will be a pleasure seeing the crooks run for cover if it does pass.. Repercussions throughout the markets will occur.

Spartacus Rex · Nov 6, 2014 - 3:53pm
Groaner · Nov 6, 2014 - 3:58pm

KWN interviews Haines, the metals dealer

He said he is surprised to see panic selling.. I guess the Cartel is doing its job in scaring people out of their positions not only in the paper but physical too. Must be at a bottom..

Spartacus Rex · Nov 6, 2014 - 4:15pm

Wall Street Banksters Play This Game...

Doo dah, doo dah,

If you're not stacking it's a shame,

Oh, de doo-da day.

Going to work all night 

Going to work all day

Put my fiat into Longhorn AG


Let the chumps bet the other way!

Groaner · Nov 6, 2014 - 4:18pm
Groaner · Nov 6, 2014 - 4:55pm

Thanks, Groaner


Then consider the Apologists/Trolls that want you to believe that Andrew Maguire is full of shit and lying about the JPM silver whistleblowers. If the Department of Justice will coverup and obfuscate for JPM regarding mortgage and MBS fraud, do you seriously not think that the CFTC didn't do the same for JPM regarding metals price manipulation?

Alonzo Jazzberry · Nov 6, 2014 - 5:23pm

Awesome article from Taibbi

As it pertains to Maguire - I would suggest that perhaps the fact that JP Morgan does in fact engage in these behaviors is exactly why he would be able to get away with lying (or embellishing, implying stuff that isn't true, whatever the case may be) for so long. He can claim that JP Morgan is doing other shit like this, and people will believe him because they totally would if they could get away with it.

Ultimately, the facts remains that (a) there are journalists like Taibbi, Greenwald and Cohan that would love to publish such a story if it had merit and sufficient evidence (b) Maguire isn't saying shit about why he won't let Cohan publish. Like everyone else, I really want to know what he has, and his silence betrays the strong liklihood that what he has would be a major disappointment to the PM community that relied on him, and his best opportunity to make money is to keep quiet and let his audience believe whatever they want.

ancientmoney Alonzo Jazzberry · Nov 6, 2014 - 5:54pm

Alonzo, you could very easily get a high-level job

at the DoJ, SEC, or CFTC.

Or, maybe you already have one?

Alonzo Jazzberry · Nov 6, 2014 - 6:55pm

Did you not read the

Did you not read the article?

The whistleblower was consistently stiff-armed and ignored by the very regulators which she thought were on her (the public's) side. This is EXACTLY what the CFTC did to the silver whistleblowers. EXACTLY!!

Joseph Warren · Nov 6, 2014 - 7:11pm

Swiss Vote Counting ?

The Wiki reference I read said they don't use electronic machines . . .

ya never want the machines to do the counting.

I've just about given up on Americans taking a stand in 'the Land of the Free, Home of the Brave' (yeah, right).

Maybe for once a population of people won't allow themselves to be scared and looted by the money junkie banksters.

Free or serfs Switzerland ? Set it in motion for the yourselves and the rest of the world.

Alonzo Jazzberry · Nov 6, 2014 - 7:19pm

Of course I read the article

But the whistleblower isn't getting stiff-armed by journalists, right? Carmen Segarra was similarly stifled by the regulators at The Fed, but This American Life was all over it.

JPM will do whatever they can get away with, and regulators are certainly capable of overlooking things and getting too comfy with the entities they regulate. But when a whistleblower has compelling evidence, there are journalists out there who will blow it wide open.

atarangi · Nov 6, 2014 - 8:01pm
Bollocks · Nov 6, 2014 - 8:13pm


Yes, I have to agree with you there.

Maguire's whistle-blowing a few years ago is well documented and isn't the issue. It's what has happened since, which I personally find rather shady.

"when a whistleblower has compelling evidence, there are journalists out there who will blow it wide open."

Alayne Fleischmann speaks out. The Maguire / Cohan story appears to have been buried, not a peek since it appeared here but nowhere else - apart from the usual PM haunts.

I personally need to be convinced that AM isn't up to something for his own ends.

It's a gut feeling.

My opinion. That's all.

Safety Dan · Nov 6, 2014 - 8:34pm

California County Passes

California County Passes Historical Law Declaring Right to Self-Governance

US Flag and Constitution of the United States of AmericaJames Lee, Contributor
Waking Times

“The sacred rights of mankind, are not to be rummaged for among old parchments or musty records. They are written, as with a sunbeam, in the whole volume of human nature, by the hand of divinity itself, and can never be erased or obscured by mortal power.” ~ Alexander Hamilton

Mendocino County, in the pristine northern lands of California, where the magnificent ancient coastal Redwood trees meet the inland California Oaks, has voted itself into the constitution writing (righting) business.

Yesterday, by a significant margin, they became the first county in California, and only the second county in the country to pass into law a very powerful local ordinance that declares local self-governing rights in their communities over state and federal jurisdiction. Over 67% of the votes cast were in favor of the measure.

The ordinance provides for waters free from toxic trespass; preemptively bans all fracking activities countywide with heavy fines and penalties for violation of the ordinance; and establishes a Community Bill of Rights to, for, and by the residents of Mendocino County while checking corporate powers as well.

In addition, the newly created law gives the Rights of Nature to exist and flourish without toxic trespass whereas previously Nature had no standing in the court of law.

This is an outstanding article of one counties efforts not to let the Fed's and State Governments rail them into being the fall guy.... 

Fat Willie · Nov 6, 2014 - 8:43pm


As has been said many times before, if the info is out there, why not publish it? Why wait for someone else to publish it? Maguire does not put out verifiable facts. Has anyone even seen the documents these whistleblowers claim to have? If so, publish them. 

· Nov 6, 2014 - 8:55pm

What about this part do you

What about this part do you guys not understand?

And now, with Holder about to leave office and his Justice Department reportedly wrapping up its final settlements, the state is effectively putting the finishing touches on what will amount to a sweeping, industry-wide effort to bury the facts of a whole generation of Wall Street corruption. "I could be sued into bankruptcy," she says. "I could lose my license to practice law. I could lose everything. But if we don't start speaking up, then this really is all we're going to get: the biggest financial cover-up in history." 

Later, this:

Chase's determination to hide its own dirt while forcing Fleischmann to keep her secret was becoming more and more absurd. "It was a hard time to look for work," she says. All that prospective employers knew was that she had worked in a department that had just been dinged with what was then the biggest regulatory fine in the history of capitalism. According to the terms of her confidentiality agreement, she couldn't even tell them that she'd tried to keep the bank from committing fraud.

Still later, this:

In today's America, someone like Fleischmann – an honest person caught for a little while in the wrong place at the wrong time – has to be willing to live through an epic ordeal just to get to the point of being able to open her mouth and tell a truth or two. And when she finally gets there, she still has to risk everything to take that last step. "The assumption they make is that I won't blow up my life to do it," Fleischmann says. "But they're wrong about that."

Look, I really don't give a rat's ass if you guys like or dislike Andy or if you guys trust or distrust him. I'm just telling you that the two whistleblowers received similar treatment, face similar legal challenges and were similarly dismissed by a different government agency intent upon covering up the crimes of a TBTF bank.

Alonzo Jazzberry · Nov 6, 2014 - 9:21pm

Would be nice to at least hear that

from Andrew Maguire. What harm could there possibly be in that?

If that were really the explanation, why is Cohan so mystified? In his appearance on Dr. Janda's show he did not appear to have the faintest idea what Maguire's objection was. Why were the whistleblowers and Maguire originally cool coming out in the New York Times, but not Zero Hedge? These questions have answers, and they don't require naming names.

DayStar · Nov 6, 2014 - 9:43pm

Harvey's Up! (TFMR)

Harvey's Up!

  • Mark O'Byrne: The gulf between the physical precious metals markets and the paper or electronic gold and silver markets is growing again and risks becoming as broad as it has ever been. Demand for gold and particularly silver bullion has been very high across the world in recent weeks. The sharp price falls in recent days has led to even greater demand and concerns about supply and rising bullion premiums. Now the U.S. Mint is sold out and the Canadian Mint is rationing supplies. This comes at a time when silver is being hammered in the futures market by entities who are selling enormous volumes of gold and silver futures. They are using leverage and are engaged in a form of naked short selling that is pushing the spot prices for physical delivery lower. By forcing the price down so dramatically they cause those parties who speculate on a higher price in the precious metals futures markets to capitulate. They also cause some physical owners, weak hands who are nervous regarding gold and silver prices, to sell. Often at the worst times. It also has the effect of dampening spirits in the precious metal markets and creating very negative sentiment. Sentiment is as poor as we have ever seen it regarding gold and silver amongst many analysts especially in banks, the media and the public. However, there is a huge dichotomy as sentiment amongst the hard asset community or those who understand the importance of gold and silver as stores of value is very positive and they are the ones who are accumulating again on this price dip. Bullion dealers across the western world have been reporting shortages in silver bullion coins and bars. Yesterday the U.S. Mint who, heretofore had not reported any issues regarding supply, announced that they had been cleared out of their entire remaining inventory of 2014 silver eagle coins. With two months still remaining in the year their stock was cleared out yesterday when dealers, desperate to meet exploding retail demand,bought two million silver eagle coins in only two hours. So why is demand so robust at a time when the market action suggests that silver is not a desirable asset to own? The ratio between the price of gold and the price of silver is now at around 74:1. The historical average has been roughly 15:1. Were this mean to be reverted to again, the price of silver would need to rise to around $76 even at these depressed gold prices. 
  • Ted Butler: A few words on the brutal two-day sell off [last Thursday and Friday] and what I have read as to its cause - basically Thursday's decline was due to the Fed's ending of Q.E. and Friday's decline was due to Japan's acceleration of monetary ease. I don't mean to be disrespectful of others' opinions, but those explanations were contradictory and nonsensical. Let me see if I can't back up my assertion. Gold and silver declined sharply for one reason only - technical fund selling on the Comex. Of course, we'll have to wait until [this Friday's] Commitments of Traders Report (COT) for confirmation; but there has been massive technical fund selling on every price decline in gold and silver for months and years. In fact, there never has been a significant decline in the price of gold or silver without technical fund selling (and commercial buying). Based upon history and the basics of how technical funds operate - selling on price declines and buying on rallies - and considering that new multi-year price lows are the strongest sell signal possible for technical funds, there is little question that the technical funds (in the Managed Money category of the report) were the big sellers last Thursday and Friday.
  • Chris Powell: Pressed by Eric King of King World News, Lassonde acknowledged that, as Hong Kong fund manager William Kaye had told KWN a little earlier, the Bank for International Settlements very well might be pushing the gold market around. “It would not be the first time that we’ve seen this and it won’t be the last time either.” Lassonde told KWN. “There is obviously an entity or trading house who must have a short position and they are using the paper gold market to move the price.” Things must have gotten beyond obvious. What’s next? Anarchist Doug Casey retracting his claim that central banks are irrelevant? Commodity leter writer Dennis Gartman’s deciding to care about market manipulation, or about anything?
  • Matthew Boesler and Michael McKee: Senate Republicans should resist the temptation to erode Federal Reserve independence after victory in mid-term elections, Dallas Fed President Richard Fisher said. “Think about this: Here’s a Congress that can’t even get its own budget together. Do you want them running the central bank?” Fisher, a former deputy U.S. trade representative under President Bill Clinton, said today in an interview on Bloomberg Television. Republicans who already run the House won command of the Senate yesterday and will take charge of the Senate Banking Committee, which oversees the U.S. central bank, when the next Congress convenes in January. Lawmakers have sponsored several bills that propose changes in the way the Fed conducts monetary policy and would subject the institution to greater congressional scrutiny.
  • Chris Powell: Gold and silver are in backwardation, Hong Kong fund manager William Kaye said today, which is “typical of what you see when there is overt manipulation.” Kaye attributes the situation to “an awful lot of paper gold intentionally dumped in a programmed algorithm … most likely by the Bank for International Settlements.” 
  • Koos Jansen: Reuters reporting on weak Chinese gold demand while SGE withdrawals have been sky high in recent weeks, reminded me of an older article from Reuters. From September 12, 2014: India’s love affair with gold may be over, as prices slide. Kiran Laxman Salunkhe used to buy jewellery during religious festivals, but sliding gold prices have led the young farmer to break with his family’s traditional investment. This year Salunkhe has deposited his hard-earned savings at the bank for the first time in a decade…Nowadays it is risky to keep jewellery. Burglaries are rising,” he said. “With a fixed deposit there is no risk.” That’s right, Reuters’ headline literally stated “India’s love affair with gold may be over”, because Kiran Laxman Salunkhe, a young farmer, stopped buying gold. India’s population is over 1.2 billion people and I’m not so sure if they all stopped buying gold in September to open up a bank account. Recently India’s custom department came out with the gold import numbers from September (when Kiran Laxman Salunkhe stopped buying gold). India officially imported, excluding smuggling, 94 tonnes of gold, which was the strongest month since June 2013. The indians imported this much gold despite the 10% import duty. Of course India’s love for gold is part of their culture and is engraved into the DNA of the Indian population. Reuters’ headline and article in itself were ridiculous. The fact that India actually imported more gold in September than they had over a year makes the article completely incorrect. Can it be Chinese gold demand is currently very strong, despite the fact the WSJ quotes a leading Hong Kong-based executive with an international bank, who didn’t want to be identified, stating: “The physical buying in gold has dried up”? Yes it can.
  • Zero Hedge: Over the past week there has been a massive shortage of precious metals – most notably silver which as of this moment is indefinitely unavailable at the US Mint - as a result of the tumble in the paper price, and following 8 days of sliding and negative 1 month GOFO rates, today the physical metal shortage surged, as can be seen by not only the first negative 6 month GOFO rate since last summer’s much publicized gold shortage when China was gobbling up every piece of shiny yellow rock available for sale, but a 1 month GOFO of -0.1850%: the most negative it has been since 2001! Said otherwise, the physical shortage is the worst it has been in over a decade, even as the price of paper gold continues to drop! Unpleasant similarities with Libor and most other fixed (literally and metaphorically) rates aside, what is known is that under normal market conditions, GOFO is always positive, or in other words gold serves as a money-equivalent collateral for a pseudo-secured loan against paper fiat (USD in this case) hence the low interest rate. Sometimes, however, normality inverts and the rate goes negative and as such serves as a useful indicator of gold market dislocations. Thus, while disagreements exists, one can safely say that what GOFO is, is simply a blended indicator of liquidity, counterparty or collateral (physical availability) stress in the gold market. Since it is next to impossible to isolate just which component is causing the indicated disturbance, it is prudent to be on watch for all three.


Safety Dan · Nov 6, 2014 - 9:49pm

Ron Paul: Watch Out When

Ron Paul: Watch Out When People Start To Distrust Our Money

Global Gold | November 6, 2014 | Category: Economy

Ron Paul: Watch Out When People Start To Distrust Our Money

Ron Paul says in an interview with Global Gold: If people don’t trust us or our money anymore, we will have to tighten our belts. Once the trust is lost, the more money you print, the less the trust is going to be. Right now, they have no other place to go. They could go and beg Europe to print Euros, but they trust the dollar more. As long as they keep doing that, these insane policies will continue. I think that governments need to fold, they need to be blamed for what they are doing. Central banks need to be able to defend hard asset money, gold and silver, because it works. And yet, right now, there’s just a few of us who believe that, but I think the day will come where people will realize the truth. We have been through similar situations before.

infometron · Nov 6, 2014 - 9:53pm

Q: What harm could there possibly be in that?

A: a phrase consisting of two words? (think about it).

So easy to be an anonymous internet critic, so long as your ass isn't on the line.

Am I right? Then how about giving a benefit of the doubt? All things in due course.

Kudos to Peter Schiff, well stated, sir!

Hammer · Nov 6, 2014 - 10:18pm

...........................really ? Wow. Glad I don't have a new fact i don't have a tele of any kind in my home

The TV boasts a “voice recognition” feature that allows viewers to control the screen with voice commands. But the service comes with a rather ominous warning: “Please be aware that if your spoken words include personal or other sensitive information, that information will be among the data captured and transmitted to a third party.”
· Nov 6, 2014 - 10:36pm

This is a little off topic

This is a little off topic but not too far from the whistleblower topic. Make what you want from it. The connection between the murders and the $43 Trillion Dollar lawsuit against the banksters might be shaky. So ignore that for the time being, and pay attention to the what the law suit says, and who is being charged and the allegation that the MSM has been "ordered" not to cover this. I'm sure a lawyer could confirm this for us.

“In the District Court lawsuit, Spire Law Group, LLP — on behalf of home owner across the Country and New York taxpayers, as well as under other taxpayer recompense laws — has expanded its mass tort action into federal court in Brooklyn, New York, seeking to halt all foreclosures nationwide pending the return of the $43 trillion ($43,000,000,000.00) by the “Banksters” and their co-conspirators, seeking an audit of the Fed and audits of all the “bailout programs” by an independent receiver such as Neil Barofsky, former Inspector General of the TARP program who has stated that none of the TARP money and other “bailout money” advanced from the Treasury has ever been repaid despite protestations to the contrary by the Defendants as well as similar protestations by President Obama and the Obama Administration both publicly on national television and more privately to the United States Congress. Because the Obama Administration has failed to pursue any of the “Banksters” criminally, and indeed is actively borrowing monies for Mr. Obama’s campaign from these same “Banksters” to finance its political aspirations, the national group of plaintiff home owners has been forced to now expand its lawsuit to include racketeering, money laundering and intentional violations of the Iranian Nations Sanctions and Embargo Act by the national banks included among the “Bankster” Defendants. ” Some of the alleged conspirators are Attorney General Holder, Assistant Attorney General Tony West, the brother in law of Defendant California Attorney General Kamala Harris, Jon Corzine (former New Jersey Governor), Robert Rubin (former Treasury Secretary and Bankster), Timothy Geitner, Treasury Secretary, Vikram Pandit (recently resigned and disgraced Chairman of the Board of Citigroup), Valerie Jarrett (a Senior White House Advisor), Anita Dunn (a former “communications director” for the Obama Administration), Robert Bauer (husband of Anita Dunn and Chief Legal Counsel for the Obama Re-election Campaign), as well as the “Banksters” themselves, and their affiliates and conduits. - See more at:

Search TF · Nov 7, 2014 - 12:25am
Karankawa · Nov 7, 2014 - 12:45am

Just my two bits. Of course a 90% one.

Folks this is all about each of us way more than it is about any whistleblower OR politician.

If you haven't been extracting yourself from the corrupt system, and think holding a few ounces of any kind of metal is going to see you through what is obvious I suggest you take a step back and look at the big picture.

We have allowed our culture to become corrupt and our politicians are a reflection of our society.

We are going to pay the price for that. 

PM's are a part of regaining our culture, but it's only a small part.

History tells where our diminishing freedoms came from.

God Bless,


Spartacus Rex · Nov 7, 2014 - 3:27am

Koos Jansen:

Beijing Forum: New Global Financial Order Is Essential 

This just keeps getting better.

I believe we should choose a date and declare an International " Stackers' Day ", sort of like a worldwide Independence Day from the Int'l Criminl Banksters.

Cheers, S. Rex

Safety Dan · Nov 7, 2014 - 3:31am

Workin' for Ebola - new

Workin' for Ebola - new parody song and music video launched by the Health Ranger

Learn more:

flyinkel · Nov 7, 2014 - 5:22am
Mantis · Nov 7, 2014 - 6:11am

Koos Jansen

Hi Spartacus That Koos Jansen link isn't working for me

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