Liberty Mastermind Webinar

Tue, Dec 2, 2014 - 1:27pm

Last Tuesday evening, I had the honor of appearing with Robert Ian and Kerry Lutz on their continuing "Liberty Mastermind" webinar series.

This is lengthy but, if you have the time, you'll likely find some interesting information here beginning with the summation and history of gold price suppression that we discuss right in the first 10 minutes.



About the Author

turd [at] tfmetalsreport [dot] com ()


Dec 2, 2014 - 1:51pm


Enjoy the crazy ride!

Dec 2, 2014 - 1:58pm

The biggest push in currency

The biggest push in currency wars which will also push into real wars will be Russia moving gradually or rapidly into state printed money via Nationalization of Central bank or in some more complicated form. 

Japan and USA, still using CBs and monetizing only part of national debt by CB purchases will be much behind Russia, a major economy who will start to print money based on current liquid assets, burning them at rate 1/6 per year ( remember assignat life time). 

With current catastrophe with ruble, which is expected to continue, the point of no return will be reached very soon and Russia will be forced to change its monetary regime. Some will call it sound state issued money but what it will be will directly lead to rapid arms race and need for military expansion to gain those current liquid assets. My bet is end of January latest. 

This change into direct monetary assault (printing 100% of money) plus the military risks of coming expansion will mark the bottom of gold. It will outweigh the Japanese yen depreciation and its influence on gold prices. It is already outweighing it as gold has uncoupled from Yen /USD. 

Turd rightly noted that something happened in early September causing deflation. What happened was this- Russian devaluation and geopolitical risks it brings outweighing Western CB easing, especially Japanese in this case. Hence raise in price of gold despite JPY/USD; then at 5th of November Russian devaluation accelerated:

Better seen here where ruble decouples from JPY first on September 4th, then much stronger on October 31st into November. 

Russia has been forced to become ultimate currency warrior; and do not tell me those who pushed her it into it did not know what will happen. Once again I maintain that getting Russia into this position with subsequent aggression is a plan by Rocks (USA, Europe) and Roths (China, India to smaller extent) to push Russia into war ( due to monetary reasons it will have to attack) and split it as a result of Russia's hopeful loss in WWIII. Similar tactics were applied against Germany with post WWI sanctions to break its neck finally in WWII. And they worked. Successful wars can not be waged without money, even if You have oil in ground and nukes. 

Dec 2, 2014 - 4:38pm


Two hours, two comments??? Are we comatose yet?

Dec 2, 2014 - 4:53pm

Nice job Craig

I always enjoy your analysis. The echo was difficult to deal with and wish they would have fixed that.

I completely agree that the book Gold Wars is so important for anyone invested in the metals to gain an understanding of the Central Banks and other PTB activities in the gold market and the lengths they have gone to in the past to suppress price. I may have been depressed after reading it if I had read it in 2001 when it was published and the price was only $350 or so then but I read it about 2010 when gold was over $1,100 and realized as much power as the bastards have they can't always smash price down.

The three of you in the podcast don't really like the miners that much, but did have discussion about the leveraged potential with them. I do as usual disagree about shorting miners out of existence. It could happen to someone like AG where their CEO came out against the activities with the markets and there was some kind of collusive shorting going on or if a miners book looks really weak and doesn't have much time left anyway, ok it could happen. 

It really comes down to China. If demand went down drastically at the SGE of let's say 35% for an extended time like over a year. I don't think anyone else is going to pick up that much demand and the market would have lots of gold sloshing around, GOFO rates would go positive very quickly and the price would plummet to $700 - $800 while over half the miners, maybe more would go bust. Things would settle out to where enough miners and production was lost that the new demand would drive price up once enough miners threw in the towel so finally price would increase again. 

That scenario would keep price down for years and what a shit storm it would be for investors that have been waiting for things to pop, but it would create a much longer term opportunity for stackers that are just getting started.

Let's face it, how many of us would be here if China wasn't buying up the market. It wouldn't be nearly as much fun because a whole lotta pressure would be off the Keynesian psychopaths for a while.

Dec 2, 2014 - 4:55pm


I will take it.

Edit: WOW! Number 4 at 4:44.

I would play the lottery but I hit it on Sunday night. With a total of 80 oz. OPM, 4- 10 oz Year of the Horse, & 40- $8 Bison all while silver was at 14.82, I think I already hit the lotto!!!

Dec 2, 2014 - 5:32pm

Really well done

Nice job TF- very clear, and informative talk! You have a natural flair for presenting this stuff in simple terms that people can understand but not talking down. The more people who are exposed to this information and perspective the better!

Dec 2, 2014 - 5:35pm

Great stuff, Turd

thanks, answered lot's of question I've had

Dec 2, 2014 - 6:39pm

@lund175 Re: FOUR

fyi, 4 is not a particularly lucky number in some cultures ;^)

Dec 2, 2014 - 6:43pm

@Ivars: Re: the biggest push in currency

I think you are right to call our attention to the implications of sanctions (not to mention the collapsing price of oil), on the Russian Rouble. Others are starting to sound the alarm there as well:

If I understand you correctly, your suggestion that sanctions and the ensuing Russian monetary crisis will necessarily force Russia's hand militarily does not quite make sense to me. Given my impression of other posts you have made in this regard, I suspect you think Putin is Hitler in that he has been waiting for the West to give him no other option than to engage in military expansionism. Really? Seriously?

My naive sense is that Russia, i.e., Putin, wants to live and trade peacefully in a multipolar world in contrast to a unipolar world determined by presuppositions of American exceptionalism and enforcements of American hegemony. Alas, I have yet to see how your arguments can serve to liberate me from these delusions. Perhaps I'm just not listening closely enough to grasp the sense of your arguments.

I will freely admit, Russia (and NATO), have been engaged in some very troubling and dangerous military posturing. My take thus far is that Russia is making it very clear to the West "don't even think about f&%king with us." I hope the honchos in Washington, London, etc., are hearing that very loud and clear.

By the way, I have no doubt those governing Russia are every bit as corrupt if not more so, as those governing most other countries, including "the land of the free." But if your Rocks & Roths seriously think a war with Russia can end without the total destruction of the world as we know it, well, all I can say is those factions must be harboring some mighty serious death wishes. Like, crazy, man.

In conclusion, the various factions controlling these countries may not like each other, but they damn well better learn to get along with each other, or it will likely be the death of us all. We all know the famous Einstein quote in this regard.

Now for some fresh Turd Ferguson!

lund175 infometron
Dec 2, 2014 - 9:41pm


Four your information.

Not in my culture. I guess I am fourtunate.

Dec 2, 2014 - 9:50pm


Ha ha! May the Fource be with you, my friend!

Dec 3, 2014 - 2:27am


As a background, no change in reserve currency system in Western monetary system (and currently its global) has happened without a major World war (comparable with size of the system). Never. And I do not expect it this time even if its just broadening of high powered money basis from USA debt to e.g China, German, Indian, may be Japanese ( i doubt it) debt as well. Even splitting the world from one reserve currency into more with each own influence sphere requires a major war. Its kind of historic fact, and makes sense. 

If I understand you correctly, your suggestion that sanctions and the ensuing Russian monetary crisis will necessarily force Russia's hand militarily does not quite make sense to me. Given my impression of other posts you have made in this regard, I suspect you think Putin is Hitler in that he has been waiting for the West to give him no other option than to engage in military expansionism. Really? Seriously?

Because changes in monetary system will lead to money based on current liquid assets of Russia. Such money has tendency ( with rearmament) to eat up those current liquid assets rapidly (think assignats) and so its lifetime is dependent ( usually 6 years) or rather, its value is dependent on ability to acquire under own control current liquid assets of e.g. Ukraine, Kazakhstan and more. That requires monetary and fiscal control over territories outside Russia. How else to get them if not with military threats/occupation. some bribes may help ( e.g. gas price reduction to Turkey to get more imports from country with depreciating currency) but ultimately not. 

Russian military posturing today is bluff comparable to Hitler's bluff when he retook Rhineland , invaded Czechoslovakia. I hav eno doubt West knew then and knows now it is a bluff...but it either can not confront it by military force, or DO NOT WANT TO. Now if it does not want to , it wants to push Russia into position where it has to attack to maintain its sovereignity DUE to monetary reasons. Germany went of sound economy in 1936 and finally in 1938 TO REARM. That ( remember 6 year assignat life time) gave it 6 years time to attack of collapse economically. it chose to attack. And again, I am completely sure Rocks ( who were governing alone in that time) knew it, and played the book so that AFTER WWII USA ( Rocks) came out as sole winner..but Roths managed to hang in with help of Stalin. Both Stalin and Hitler thought they might be able to do away with Roths..and they did as British Empire collapsed completely- as did German Empire- but they got Rocks instead.

So Putin has /will have 2 choices- surrender or attack. He will have to answer with real war against Western financial war. 

Financial wars are as old as real wars. Rothschilds in 19th century basically decided which wars will happen which not by their total control over European finances. Same situation today, with Rocks ( in agreement with Rocks and China ) as they wage financial war against Russia to ensure transition from USD as reserve currency to USD and remnibi. 

For remnibi to become a reserve currency , China needs some Empire to act as collateral . Russia and Central Asia should be enough. But to achieve this, Russia must be destroyed. 

I think they have counted that:

WWIII with all potential devastation ( mostly on Russian and Chinese soil) is better then losing banker control over world ( which would also mean chaos, actually, and deflation immediately) . They must have some plans how to limit the usage of nukes to tactical ones. 

BTW Russian defense forces received 64% more supplies in 2014 then in 2013. 64%! Is that NOT already engagement in arms race..but who will finance continuation and how?

Silver Monkey
Dec 4, 2014 - 9:04am
Dec 4, 2014 - 9:27am

Video not working

The video is not working go me either ... thought it was my phone.

Dec 4, 2014 - 9:49am

Just tried it

works for me on my Windows PC

Become a gold member and subscribe to Turd's Vault


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 1/14

1/15 8:30 am ET Producer Price Index
1/15 8:30 am ET Empire State Mfg. Index
1/16 8:30 am ET Retail Sales
1/16 8:30 am ET Import Price Index
1/17 8:30 am ET Housing Starts
1/17 8:30 am ET Philly Fed
1/18 9:15 am ET Capacity Utilization and Ind. Prod.

Key Economic Events Week of 1/7

1/7 10:00 ET ISM Services Index
1/7 10:00 ET Factory Orders
1/9 2:00 ET December FOMC minutes 
1/10 Speeches from CGP, Goons Bullard and Evans
1/11 8:30 ET CPI

Key Economic Events Week of 12/31

1/2 9:45 am ET Markit Manu PMI
1/3 10:00 am ET ISM Manu Index
1/4 8:30 am ET BLSBS
1/4 9:45 am ET Markit Serv PMI

Recent Comments

by NW VIEW, Jan 19, 2019 - 11:59pm
by Mickey, Jan 19, 2019 - 11:46pm
by NW VIEW, Jan 19, 2019 - 11:21pm
by mavens, Jan 19, 2019 - 11:08pm
by DeaconBenjamin, Jan 19, 2019 - 10:15pm