Turdville Open Thread

Tue, Dec 16, 2014 - 10:32am

As historic events unfold around us, and with markets moving so quickly around the globe, I thought we should try something different today. Hopefully this open thread provides a forum for the free exchange of ideas and opinions as well as headline updates for all the global markets.

My opinion is this:

With overt sanctions against Russia having minimal impact, the U.S. set out on a course of covert sanctions last summer. Among these was a plan to manipulate down the paper price of crude oil as Russia derives nearly 15% of its national income from the sale of crude.

Once price broke $90, the spec algos took over and the growing momentum of the trade has driven price well beyond what the central planners originally thought possible. Now closing in on $50, the decline has imperiled all sorts of economies, currencies and derivatives around the globe.

Chief among those imperiled is the original target, Putin's Russia, which has seen the ruble devalue by nearly 50% in past few months, 20% in just the past few days. The US and NATO are already fighting a proxy war versus Russia in Ukraine. How might these events intensify the battles there?

And there are all sorts of other "unknown unknowns" here:

  • The $4T in US TBTF bank commodity derivatives, the majority of which are linked to crude oil.
  • The collapsing currencies and equity markets of other crude oil producing nations.
  • The US high yield bond market with an abundance of debt issued by energy companies.
  • Might even Russia surprise the world by "thinking outside the box", if you get my drift?

So, anyway, please discuss all of this here and be sure to add your own ideas and theories. I'm going to make this a public thread so that anyone stopping by will have the opportunity to explore the collective wisdom of Turdville.

As I close, the US stock market is now UP on the day (big surprise), while the 10-year note and the Long Bond are making new yield lows for 2014. Crude is down but $1.50 off its lows at $55.50 and, of course, gold and silver are DOWN. Again, no surprise there. Silver's actually down 4% and below $16. Funny...I guess I failed to notice how the global fundamental picture for silver has deteriorated by 10% since just last Friday.. Wow, how could I have missed that?


About the Author

turd [at] tfmetalsreport [dot] com ()


Safety Dan
Dec 16, 2014 - 8:39pm

Obama amnesty is

Obama amnesty is unconstitutional, federal judge finds

Great! Please fix this..

Illinois' House just passed a bill that criminalizes recording private conversations with citizens, and it also imposes harsher penalties for recording private conversations with police.


Dec 16, 2014 - 9:32pm

Whoops !

Earlier, I wrote, Fiat paper is not a commodity. Land, gold, silver, platinum and oil are commodities.

Sorry , but I left out, judges, politicians and government officials in the list of commodities.

Safety Dan
Dec 16, 2014 - 9:35pm

Website for the Health

Website for the Health Ranger's open source 3D print project to be announced this Friday

This Friday I'll be announcing the new website and a 3-minute teaser video for the upcoming open-source, non-profit 3D-printable project I'm launching in early 2015. The video will describe more details about what this project achieves, and the website will feature...

Learn more:https://www.naturalnews.com#ixzz3M7Q09qtt

Dec 16, 2014 - 10:23pm

Questions Regarding Tanzanian Royalty Exploration

Posted December 16th, 2014 at 6:53 PM (CST) by Jim Sinclair

Dear Friends,

The blogger named James Emerson does not exist. He or she is writing under an assumed name, on a website operated by a company based offshore, and Tanzanian Royalty does not give credence to any commentator who refuses to be accountable. In addition, the company cannot by law give selective disclosure to reporters, but must disseminate the same information to all investors. Investors should refer to the company’s news release dated December 9, 2014.

If you have any questions about the company, please feel free to phone Tanzanian Royalty directly. We aim to dispel any lies and to address any concerns you may have. You may also call me directly at my office or on my cell. The numbers are as follows:

Office: 844 364 1830
Cell: 860 671 0846

Respectfully yours,


Dec 16, 2014 - 10:39pm

What I'm watching

I've always been amused by the hysterical tone of KWN headlines - along the lines of 'Shocking, historical collapse imminent reports market veteran of 150 years'. It will be interesting to see how they make things sound even more hysterical now there is really something to report.

Dec 16, 2014 - 10:46pm
Dr. P. Metals
Dec 16, 2014 - 10:51pm

Re: turk

couldnt this problem of unknown gold origins affect other companies also, like Turks goldmoney? What is someone comes asking for their gold back from them?

Safety Dan
Dec 16, 2014 - 10:55pm

State Of The Markets It’s

State Of The Markets

It’s been a while, so here’s how things now stand. 1. The topping process kicked off at the turn of the year with a gradual shift to defensives, as represented here …Continue reading →

Safety Dan
Dec 16, 2014 - 11:00pm

Gold Daily and Silver Weekly

Gold Daily and Silver Weekly Charts - Once We Were Good

"Do not imagine that these most difficult problems can be thoroughly understood by any one of us. This is not the case. At times the truth shines so brilliantly that we perceive it as clear as day.

Our nature and habit then draw a veil over our perception, and we return to a darkness almost as dense as before. We are like those who, though beholding frequent flashes of lightning, still find themselves in the thickest darkness of the night."


Today was a volatile day in the markets to say the least. And gold and silver in particular had been taken out and beaten over the last two days by the triumphant US dollar.

US equities are probably the best example of this volatile market. Stocks plunged on the open, rallied back to triple digit gains in the Industrials, and then sold off again into the close.

The continuing drop in Oil is creating quite a few concerns with funds, companies, and even nations.

Safety Dan
Dec 16, 2014 - 11:03pm

Measuring The Potential Of

Measuring The Potential Of The Current Correction

Written by Lance Roberts | Dec. 16, 2014

After months of consistent predictions by the mainstream media that markets would only march higher, airtime is now dominated with one simple question: "How big will this correction be?" That is the question that I want to explore in more detail strictly from a technical viewpoint. Since the...

Read more..

Safety Dan
Dec 16, 2014 - 11:09pm

Doc Copper important

Doc Copper important underside kiss of resistance?


Copper has created a bearish descending triangle over the past few years. This pattern leads to lower prices two-thirds of the time.

Copper broke support of late and last week rallied to the underside of the pattern, kissing resistance.

Watch ole Doc Copper, this could be a "kiss good-bye" for this important leading indicator.

- See more at: https://blog.kimblechartingsolutions.com/#sthash.jOsXfibp.dpuf

Safety Dan
Dec 17, 2014 - 12:11am

Shell Oil Scientist Admits

Shell Oil Scientist Admits Breaking 1,000 MPG in 70s!


Video unavailable

His car got 463 MPG and ran on fumes

John Weston’s Air/Vapor Flow System, AVFS


We've had vapor carburetors that have gotten well over 100mpg in the 60s! Now we have a Shell Oil scientist admitting they broke the 1,000 mpg barrier in the late 70s which seems easily possible since inventor John Weston has a car that gets 463 MPG and he didn't have the massive budgets and technology available to Shell Oil. You can read about John Weston's car here.

You can also read about many other cars getting over 100 mpg in this article.


Dec 17, 2014 - 2:14am

Putin is playing poker

Putin is playing poker waiting for everyone to show their intentions


MOSCOW, December 17. /TASS/. Russian President Vladimir Putin plans to make no special statements on the current situation on the financial markets, Kremlin spokesman Dmitry Peskov has told the Kommersant newspaper.

Putin is expected to voice his stance on the issue not earlier than during the annual question and answer session due on Thursday, the report says. Peskov confirmed that the event is to be held “routinely.”

Safety Dan
Dec 17, 2014 - 6:47am

Check the commonalities in

Check the commonalities in these 2 vastly different podcasts:

1. TRUNEWS 12/4/14: Jim Willie "The Western Banking Cabal's Stranglehold"

TRUNEWS 12/4/14: Jim Willie "The Western Banking Cabal's Stranglehold"



Dr. Carol Rosin
Aerospace Executive -- Fairchild Industries

When I was a corporate manager of Fairchild Industries in 1974 through '77, I met the late Dr. Wernher von Braun (https://en.wikipedia.org/wiki/Wernher_...) in early '74. At that time, von Braun was dying of cancer, but he assured me that he would live a few more years in order to tell me about the game that was being played, that game being the effort to weaponize space, to control the earth from space and space itself.

The strategy that Wernher von Braun taught me was that first the Russians are going to be considered to be the enemy. And, in fact, when I met him in '74, they were the enemy, the identified enemy. We were told that they had killer satellites. We were told that they were coming to get us and control us, the dirty Commies, that whole story. First the Russians were going to be the enemy against whom we were going to build space based weapons.

Then terrorists would be identified and that was soon to follow. We heard a lot about terrorism.

Then we were going to identify third world country crazies. We now call them nations of concern. But he said that would be the third enemy against whom we would be needing to build space based weapons.

And the next enemy was asteroids. Now at this point, he kind of chuckled the first time he said it. Asteroids . . . against asteroids we're going to build space based weapons . . . so it was funny then.

And the funniest one of all was against what he called aliens, extraterrestrials. That would be the final card. And over and over and over, during the four years that I knew him, and was giving his speeches for him, he would bring up that last card. "And remember, Carol, the last card is the alien card. We're going to have to build space based weapons against aliens, and all of it is a lie."

He didn't mention a timeline, but he said that it was going to be speeding up faster than anybody could possibly imagine. That the effort to put weapons in space was not only based on a lie, but would accelerate past the point of people even understanding it until it was already up there and too late.

Safety Dan
Dec 17, 2014 - 6:52am

Warren: “Ever since the new

Warren: “Ever since the new financial regulations went into place, Wall Street has been working behind the scenes to open another loophole so they could gamble with taxpayer money…”

As we reported yesterday, some Washington Republicans opposed the huge omnibus federal spending bill because it does not curb President’s immigration policy.
That policy stems from Mr. Obama’s recent executive order to grant amnesty to some 5 million illegal immigrants living in the U.S. and give many of them work permits.
As we also noted, Senate Democrats, including Elizabeth Warren of Massachusetts, objected to omnibus-bill language that rolls back Wall Street reforms.
Such […]

Safety Dan
Dec 17, 2014 - 6:53am


SHOCKING PROOF: Federal Reserve Reinflating Real Estate Bubble – Mike Maloney

https://hiddensecretsofmoney.com/blog/… History doesn’t repeat, but it sure does rhyme. Watch this preview of the forthcoming Wealth Cycles Report to learn how to identify the next crisis. Link:https://hiddensecretsofmoney.com/blog/

Hidden Secrets Of Money is a world-leading educational series that is sponsored by, and also based on the priciples of WealthCycles. It shows the evolution of gold and silver as money, and teaches the historical economic mistakes that all societies repeat. The first series […]

Safety Dan
Dec 17, 2014 - 7:00am

Jim Grant - It's Raining

Jim Grant - It's Raining Currencies The World Over - What To Expect From Fed Tomorrow?


Banks loosen lending standards to levels seen before financial crisis





“Government lie; bankers lie; even auditors sometimes lie; gold tells the truth.” - Lord Rees Mogg





Ron Paul: Gold is insurance against geopolitical problems and the dollar


Safety Dan
Dec 17, 2014 - 8:21am
Safety Dan
Dec 17, 2014 - 8:23am

Nice Job Creating Terrorists, You Morons …

How U.S. Torture Led to the Rise of ISIS

Posted on December 17, 2014 by WashingtonsBlog

Nice Job Creating Terrorists, You Morons …

We’ve previously noted that many members of ISIS were members of Saddam Hussein’s secular Baath Party who converted to radical Islam in American prisons.

And we’ve documented that torture creates new terrorists.

Indeed, the head of ISIS (al-Baghdadi) spent 4 years as a prisoner at the U.S. Bucca Camp in Iraq. As the Washington Post reports:

But the narrative solidifies in 2005, when [al-Baghdadi] was captured by American forces and spent the next four years a prisoner in the Bucca Camp in southern Iraq. It was from his time there that the first known picture of Baghdadi emerged.

Kathy Kelly wrote in September:

In January of 2004 I visited “Bucca Camp,” a U.S.-run POW camp … located near the isolated port city of Umm Qasr, in southern Iraq ….


These men at Bucca had been marched naked in front of women soldiers. They’d been told to say “I love George Bush” before they could receive their food rations. They’d slept on the open ground in punishingly cold weather with no mat beneath them and only one blanket. The guards had taunted them and they had had no way of telling their friends they were still alive.


It’s widely acknowledged that the 2003 invasion of Iraq radicalized Al-Baghdadi, with his humiliation at Camp Bucca further hardening him.

Mother Jones noted in July:

According to the Telegraph, members of his local mosque in Tobchi (a neighborhood in Baghdad) who knew him from around 1989 until 2004 (when he was between the ages of 18 and 33) considered Baghdadi a quiet, studious fellow and a talented soccer player. When the United States invaded Iraq in 2003, Baghdadi was earning a degree in Islamic studies in Baghdad.

But within a couple years of the US invasion, Baghdadi was a prisoner in Camp Bucca, the US-run detainment facility in Umm Qasr, Iraq. And a US compound commander stationed at that prison—and other military officials—have in recent weeks wondered whether Baghdadi’s stint there radicalized him and put him on the path to taking over ISIS in 2010 and guiding the movement to its recent military victories.

Safety Dan
Dec 17, 2014 - 8:25am

Not Up To Date, But Impressive

A Historical Perspective on Defense Budgets

What We Can Learn from Past Presidents About Reducing Spending


Safety Dan
Dec 17, 2014 - 8:27am

Sorry, Putin. Russia’s

Sorry, Putin. Russia’s economy is doomed (WonkBlog) see also Why Are Commodity Prices Falling? (Project Syndicate)

Safety Dan
Dec 17, 2014 - 8:40am

Who You Gonna Believe CDC/WHO Or American Chemical Society?

Ebola Virus's Survival in Wastewater

Frequently Asked Questions (FAQs) on Interim Guidance for Managers and Workers Handling Untreated Sewage from Suspected or Confirmed Individuals with Ebola in the U.S.

How effective are wastewater treatment processes at removing or inactivating Ebola?
Information is limited about the survival of Ebola in water and wastewater systems. However, there are abundant data about the survival of similar enveloped viruses in the environment. Ebola would be expected to respond similarly to other enveloped viruses, and would be inactivated more rapidly than the non-enveloped viruses. Dilution of the viruses in the wastewater system will reduce their concentration. In addition, the combination of virucidal agents and the biological, chemical, and physical properties of wastewater, such as pH, temperature, and the presence of predatory microorganisms that could breakdown the virus, are expected to effectively inactivate and remove enveloped viruses from wastewater.8

Source water from wastewater treatment plant discharges or runoff from waste-related biosolids pose minimal risk of Ebola exposure when applied to land in compliance with EPA requirements.13

How effective are septic systems at removing or inactivating Ebola?
Septic systems are onsite, clustered and decentralized wastewater treatment systems. Viruses are not significantly inactivated in septic tanks14 and septic tank effluents (liquid waste) may contaminate groundwater with enteric viruses that can affect the gastrointestinal tract (stomach).15,16 As the effluent from septic tanks percolates through the soil to groundwater, viruses and other pathogenic microorganisms are removed. To prevent contamination of the drinking water supply, septic systems should be situated to provide appropriate setback distances from groundwater supply wells.17,18


And in this corner we have Professors from Pitt & Drexel..

There's no evidence that sewage isn't teeming with Ebola virus, according to researchers disputing WHO's claims

By Ethan A. Huff, December 16 2014
(NaturalNews) Practically nothing coming out of the mouths of government health officials these days concerning the spread of Ebola virus is scientifically verifiable. And in a new study, researchers from two prominent universities in Pennsylvania challenge specific claims by the World Health Organization (WHO) that Ebola dies in waste sewage, showing that this simply isn't true based on published science. Kyle Bibby, an assistant professor of civil engineering at the University of Pittsburgh...

Learn more: https://www.naturalnews.com/index_1_1_1.html#ixzz3MA5xWkbe

Angry Chef
Dec 17, 2014 - 10:31am

IMF Now Ready To Slam The Door On The US And The Dollar


It's all Kabuki theatre. Unfortunately the misery that these people are instilling upon the planet is real. I never gave a rats behind about Fiscal and Monetary policy. I always thought that if I worked hard and saved my money, I would have something for when I was older. Boy was I dumb. Then before 2008 I got wind of the Mortgage bubble before it crashed. I started with Max Keiser, Golden Jackass, Jesse Cafe American, Bob Chapman and on and on down the rabbit hole. Only to finally figure out that our entire monetary system is a Ponzi scheme. All of it. All rigged all the time. This Globalist plan has been in play for a very long time. I'm sick of it and I'm sick of them. The post above lays it out nicely. Nothing happens by accident. Sometimes I wish I didn't take the red pill. Too late. I can't go back.

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Key Economic Events Week of 6/24

6/25 10:00 ET New Home Sales
6/25 1:00 pm ET Chief Goon Powell
6/25 5:30 pm ET Goon Bullard
6/26 8:30 ET Durable Goods
6/27 8:30 ET Q1 GDP final guess
6/28 8:30 ET Personal Income and Consumer Spending
6/28 8:30 ET Core Inflation
6/28 9:45 ET Chicago PMI

Key Economic Events Week of 6/17

6/18 8:30 ET Housing Starts and Building Permits
6/19 2:00 ET FOMC Fedlines
6/19 2:30 ET CGP presser
6/20 8:30 ET Philly Fed
6/21 9:45 ET Markit flash June PMIs

Key Economic Events Week of 6/10

6/11 8:30 ET Producer Price Index
6/12 8:30 ET Consumer Price Index
6/13 8:30 ET Import Price Index
6/14 8:30 ET Retail Sales
6/14 9:15 ET Cap Ute and Ind Prod
6/14 10:00 ET Business Inventories

Key Economic Events Week of 6/3

6/4 All day Fed conference in Chicago
6/4 10:00 ET Factory Order
6/5 9:45 ET Markit Services PMI
6/5 10:00 ET ISM Services PMI
6/6 8:30 ET US Trace Deficit
6/7 8:30 ET BLSBS
6/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 5/28

5/28 10:00 ET Consumer Confidence
5/30 8:30 ET Q1 GDP 2nd guess
5/31 8:30 ET Personal Income and Consumer Spending
5/31 8:30 ET Core Inflation
5/31 9:45 ET Chicago PMI

Key Economic Events Week of 5/20

5/20 7:00 pm ET CGP speech
5/21 10:00 ET Existing Home Sales
5/22 2:00 ET FOMC minutes
5/23 9:45 ET Markit PMIs
5/24 8:30 ET Durable Goods

Key Economic Events Week of 5/13

TWELVE Goon speeches through the week
5/14 8:30 ET Import Price Index
5/15 8:30 ET Retail Sales and Empire State Manu. Idx.
5/15 9:15 ET Cap. Ute. and Ind. Prod.
5/15 10:00 ET Business Inventories
5/16 10:00 ET Housing Starts and Philly Fed
5/17 10:00 ET Consumer Sentiment

Key Economic Events Week of 5/6

5/9 8:30 ET US Trade Deficit
5/9 8:30 ET Producer Price Index (PPI)
5/9 10:00 ET Wholesale Inventories
5/10 8:30 ET Consumer Price Index (CPI)

Key Economic Events Week of 4/29

4/29 8:30 ET Pers Inc, Cons Spend, Core Infl
4/30 8:30 ET Employment Costs
4/30 9:45 ET Chicago PMI
5/1 8:15 ET ADP jobs report
5/1 9:45 & 10:00 ET Markit and ISM Manu PMIs
5/1 10:00 ET Construction Spending
5/1 2:00 ET FOMC Fedlines
5/1 2:30 ET CGP presser
5/2 8:30 ET Productivity and Unit Labor Costs
5/2 10:00 ET Factory Orders
5/3 8:30 ET BLSBS
5/3 9:45 & 10:00 ET Markit and ISMServices PMIs

Key Economic Events Week of 4/22

4/22 10:00 ET Existing Home Sales
4/23 10:00 ET New Home Sales
4/25 8:30 ET Durable Goods
4/26 8:30 ET Q1 GDP first guess