Welcome to the Insurrection

Sat, Dec 27, 2014 - 7:41pm

You know what the big lie is in today's markets? Take a guess...

The reality is that there are so many contenders for this title that the aggregate populace of Turdville probably came up with two dozen different answers to the question. How many of you chose the P/E ratio of the S&P supposedly reflecting the future real earnings of those companies? The "value" of the USDX? The fact that interest rates, which are supposed to reflect reasonable return after accounting for risk, are literally at multi-hundred year lows... does 2.7% really reflect a reasonable return for a 10 year bond after accounting for the possibility of default for a bankrupt and utterly feckless Italy? Or France? Or the rate on the 10yr US Treasury Bond?

All of these are contenders for the title, and you can probably come up with others as well. But you know what the biggest lie of all is? The one that underlies everything (and requires the manipulation to ridiculous levels of all the above)? The lie that there actually ARE markets, the lie that everything is fine and all has been fixed. The vast majority of the populace believe this lie, and structure their lives accordingly. They believe the unemployment numbers, they believe the deficits don't matter, they believe that the economy is getting better, they believe in the integrity of the institutions that run their lives, and most importantly they believe that they have nothing whatsoever to worry about. They believe in the mythos of an omniscient and omnipotent Fed. They believe in the successful Central Planning of the economy. There is no cause in their minds for them to question the comfortable, easy lives they live (for now) or the standard of living that they think they have secured. They don't question the actual value of their savings or their paycheck. There is no reason to question or be fearful of what may come. There is no need to prepare or to change their investing, their worldview, or their lives in any way.

There are a hearty few, however, who refuse to take the easy way out, who have the courage to accept the uncomfortable truth that these falsehoods are no basis for planning their futures. Who see the lies for what they are and refuse to be lulled into a comatose acceptance of the unsustainable status quo. They will not be cowed or dissuaded by pathetic Ad Hominem slurs like "goldbugs" or the disapproval of the mainstream investing press. They are the precious few who are getting ready to protect their families and are sacrificing today to be ready for an inevitable tomorrow.

But after a three year bear market in precious metals there is a disturbing malaise that seems to be settling in on many, even in this tough community of non-conformists. People counting the value of their stack solely in US Dollar terms, as if this benchmark is at all appropriate or valid. I would very much like to shatter this malaise, and get people to once again see that what they are doing is not only absolutely right in investing terms, but is profoundly important and crucial for their survival and the survival of the whole. I wish I could get people to understand that each and every one of them is a warrior in the most significant battle of our lifetimes. I wish I could get these people to see themselves for what they are- revolutionary insurgents fighting a tooth-and-nail pitched melee against an intractable foe who possesses every material advantage on the battlefield including utter control of the press, the political process, and the popular culture. I wish I had the words to express how profoundly crucial it is for these people to keep fighting, keep the faith, and keep attempting to pursuade any and everyone they can to protect themselves from what is to come. I am sorry. I simply do not have the words.

To put it bluntly, there is a shitstorm of unimaginable proportions coming. The entire economic basis of our society has slowly, incrementally, and in some instances deliberately, been undermined. The historic signposts of trouble (interest rates, unemployment rates, PM values, stock market valuations) have been spray-painted over, the canaries in the coal mine stuffed and placed on their perches to assure the tractable populace of exactly what they wish to believe- that everything is fine. The rot and disease goes to the very core of each and every institution to the degree that none is reliable. And the entire hollow edifice is cheered at every turn by a media who long ago sold their journalistic ideal of "truth telling" for easy promotion and fast cash.

A whole ton of people who understood these truths four years ago have now forgotten them, or at least have marginalized their impact in their minds. If you are here at TFMR reading this, you will know what I am talking about - if you were paying attention in 2008 and 2009 when the whole damn thing was inches from flying off the tracks and you damn well knew it, as the subsequent testimony of those involved at the highest levels confirmed. For example, the Secretary of the US Treasury Hank Paulson who warned congressional leaders of a "tanks in the streets" implosion if they did not pass the bailouts. The whole thing was inches from imploding and taking all of us with it. Think back to those days, remember what it was like to see your "diversified and safe" stock portfolio down 50% in six months, to see trillions of dollars created at the swish of a pen and called "stimulus" or QE or whatever the euphemism of the day was, and to think: This is utter crap, this is NOT how you fix these problems. Do you remember how it felt to truly contemplate, for the first time in your life as a potential reality, the honest t to God destruction of your savings, the end of your paycheck, the implosion of the whole shooting match? Well guess what... we have only papered over these problems. We have become very, very good at hiding the symptoms of this disease with accounting tricks and a media barrage of "green shoots" or whatever the meme of the day is to convince people that everything is hunky dory.

Everything is not hunky dory. The reality of insolvency and parabolic debt is a hard bitch, and it doesn't give a rat's ass what measures are taken to mask its proxy effects in the short term, it will have it's day. You either understand this reality or you do not. And with the entire "opinion-making" apparatus dedicated to the sole purpose of convincing people that reality will never reassert itself, only those who are constitutionally strong (and a bit irascible) will resist the message.

Forget the bear market in the metals. Remember this: You are a rebel insurgent in the greatest economic battle of all time. You know that value cannot be created by the swish of a pen. You know that lies are lies, regardless of whether they comfort you or not. You know that reality is reality. You have chosen to invest the results of your labors in real money of genuine value, not the paper promises and happy fairytales of the powers that be.

The enemy uses every mode of propaganda and persuasion to convince you that you are wrong and that all is well. . Don't think for a minute they are correct in this assertion. Stack your metals and prepare to care for yourselves and your loved ones, because the reaper is coming. And it is closer than when you first sensed its presence five years ago.

Keep stacking.

About the Author


Dec 27, 2014 - 7:50pm


Been a while. Thanks Pining for the post. Economic indicators are only a source of comedy these days. The shocking part is that millions will still be surprised when everything goes to hell.

Dec 27, 2014 - 7:59pm

ace !

FIRST ! ....to claim second.

Dec 27, 2014 - 8:11pm

The Historical Pendulum

The pendulum always over corrects and we are way out of line. When that sucker swings back, gold and silver will shine while the dollar turns to the poo that it already is. Fiat never ends well.

Making us look like fools is far easier than making us act like fools.

Dec 27, 2014 - 8:22pm


nice post


Dec 27, 2014 - 9:03pm

Most people seem immune to any hint that trouble lies ahead

One of my college roommates , (circa 1963) now thinks I am a goldnutter (one of the kinder title he applies to me), and utterly rejects the ideas that the USD is on the brink of a collapse. He crows about how in the last year his investments have risen significantly and my gold and silver have fallen. He is very happy to own USD because of the increased purchasing power of the USD he sees on his many international vacation trips to Australia and Europe. He believes the main street media, like Bloomberg and Reuters, are infinitely better source of economic news than possible from anonymous bloggers. Continuing to mention any of these financial topics to him will most cause him to say "you sure seem to always have a lot of gloom and doom to talk about."

So far all that has happened is that whomever I do talk to about preparing for a crash in the value of the USD and it is prudent to preserve some wealth in silver and gold thinks I am in a different universe. Given these experiences, I have given up talking to anyone about the perilous condition of the world's fiat money system and what is possible to do to lessen the blow when the grand reset occurs.

So I will continue to stack and prepare, and not get too excited about how others will be unprepared for a reset in value of the USD or stock market.

Dec 27, 2014 - 9:55pm

Thanks Pining

Sometimes I feel like I have slipped into the twilight zone, so bad is the disjoint between what I understand to be true and what the rest of the world is proclaiming. It's not just the market news, it is everything. International politics is a festering sore, megalomaniacs appear to have been breeding & none of the evildoers seem to give a sh!t about covering their tracks anymore.

Taken as a whole it creates a terrible foreboding that something wicked this way comes and fast. Mind you this has all dragged out for much longer than I expected, so I am not holding my breath or panicking. The fundamentals of my personal choice have not changed. There is immense risk in the financial system and those handy pieces of Central Bank "haircut" legislation are guaranteed to be triggered at some stage. Even banks in relatively stable countries are susceptible to international contagion once the ball gets rolling.

There are some bright spots though. I gotta hand it to Putin - the man is showing up other leaders for the inept scum that they are. In addition, more & more people are questioning. Questions start research. Research leads to all sorts of new ideas. It's got to be a good thing if approached honestly & with a will to challenge what you already know.

We'll get through it. People always do

Dec 27, 2014 - 10:05pm

Thanks for the excellent post, Pining

Great stuff and much appreciated.

Dec 27, 2014 - 11:34pm

now THAT was a strong post

well said P4. excellent.

Dec 28, 2014 - 12:43am

@Pining: Well Said Brother

Fuck the Beavs and the Ducks. "The canaries have been stuffed". Enough said. My son in law is in some shit hole in Afghanistan. His wife, my daughter is pregnant and I am the designated birth coach. Mama never said there would be days like this . . . .

Dec 28, 2014 - 1:00am

"Surely some revelation is at hand"

Joni Mitchell singing W. B. Yeats somehow seems appropo.

Joni Mitchell - Slouching Towards Bethlehem

Great post Pining, thank you

Dec 28, 2014 - 1:08am

The world turned upside down

And so, alas, is this... talk about going to hell in a handbasket!



Dec 28, 2014 - 2:37am

Thank-you Pining. Fabulous

Thank-you Pining. Fabulous post. It focuses on the crux of why we hang here in Turdville. It's easy to become disillusioned after 3 plus years of constant negativity as to fiat pricing and sentiment.. But we must remain stalwart and vigilant to the reality of what we are facing. We must prepare ourselves mentally, socially and financially for what is just over the horizon .. Failure to do so is like shooting holes in the lifeboats on the Titanic.

gold slut
Dec 28, 2014 - 5:13am


Regardless of what I think of Mr Keiser himself, I have to say that the guest speaker on Report 698, Sandeep Jaitley, is a must watch as he speaks about Gofo and NIRP, ZIRP etc. Sorry, not able to put up a linky thing but well worth a watch. (Anyone able to help with linky thing?)

Dec 28, 2014 - 6:44am

thanks P4

This is worldwide of course...in front of the change... it could get very personal for many of us.. these things never end nicely.

Safety Dan
Dec 28, 2014 - 7:14am

Gold Bugs index could be

Gold Bugs index could be creating a double bottom says Joe! - See more at: https://blog.kimblechartingsolutions.com/2014/12/gold-bugs-index-could-b...

Dec 28, 2014 - 7:17am

@Pining Great Thread

I hear you but I gave up trying to help the masses and I'm concentrating on myself, family and friends. I have never lost the voice within me that's telling me to prepare and get ready for what's coming.

I also believe the PM's are Gods Money and are materials to use WTSHTF. I used to collect the the coins and bars with premiums but not anymore as I was losing what the Truth was telling me (Stack to Survive not for Profit) but hey that's me.

Today I'm still Stacking everything and not just PM's, like the man or woman say's, "You can't eat PM's" So I'm pretty well prepared but probably not 100% as there probably is something I've forgotten. Lol

I'm just finishing up a shelter for my generator which I have posted on the last threaded and it created a lot of feedback which is awesome as there is a lot of liked minded people here in Turdville. KEEP STACKING

Safety Dan
Dec 28, 2014 - 7:19am

“Once a government is

“Once a government is committed to the principle of silencing the voice of opposition, it has only one way to go, and that is down the path of increasingly repressive measures, until it becomes a source of terror to all its citizens and creates a country where everyone lives in fear.” - Harry S. Truman

On February 17, 1950, James Paul Warburg confidently declared to the United States Senate: “We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent.

Joseph Warren
Dec 28, 2014 - 7:30am

Don't Study Charts . . Study History

I don't pay a ton of attention to the daily charts nowadays. They are absolutely worthless in a world of make-believe and lies. Far better to study history, and that tells the intelligent student that the current regime cannot stand.

Americans are no different than the peoples from many past empires. People tend to believe their own b.s. One of the biggest lines of bull that Americans believe is that they aren't part of an empire. Other people bought that whopper . . . but learned that words and reality were worlds apart. (Just study the history of Hawaii, the Philippines, and so many other places 'liberated' for 'freedom's sake' through the years. The inhabitants of those places got a big 'Gotcha!' surprise when they found that Americans didn't really follow the words of those founding fathers who they so often quoted with pride. ) - - - The vast majority of Americans (currently) think that this is a democracy and that they have a say in what happens in it through 'voting'. And they think 'the government' works for them. They don't see that, in fact, the system is set up in a way that benefits a very small group of insiders who partner up to exploit and control the rest of the population.

So clueless kids, who have been brainwashed, go off in uniform to 'defend Amurika'. Their parents think the stack of Made-In-China crap piled in their mortgaged houses is an indicator of how well they are doing. They are clueless how they are being shafted every day.. They have no idea what the true nature of money is . . . much less the fiat toilet paper in their wallets and made up blips in 'their' bank accounts. They don't know . . . and they don't want to know.

Study history and you'll see there is nothing fundamentally new in all this. The psychopath/sociopaths who rise to power exploit the gullible. People seem to enjoy fairy tales.

The one difference that makes this unprecedented is the level of inter-connectedness and speed of communications nowadays. When It does hit the fan. . . . it will engulf the world like a whirlwind.

Dec 28, 2014 - 7:47am

linky thing

Keiser Report: De-Fiatisation of the World (E698)

Pining: Yup .

Safety Dan
Dec 28, 2014 - 7:50am
Joseph Warren
Dec 28, 2014 - 8:04am

@infometron - - - world upside down ? Not really . . . .

perhaps peoples perceptions of what the world is will change. Many seem to think the 'supreme court' is about justice or the US Constitution. I'm sorry, but that's a very naive viewpoint.

Many also thought the recent elections would bring about change with their overwhelming results. Instead, the R branch of the whore demorepublicraps pushed through a huge spending bill including funding O 'care' that most tax paying Americans don't want.

The system is one designed to exploit the majority by a very few. Eventually, the parasites kill off the host. This has happened many times throughout history. The whores paid by those controlling the system play their assigned roles in protecting the scam for as long as possible. The 'supremes' are a bunch of government pensioned lawyers in black dresses . . . nothing more.

Its counterproductive to watch mainstream media. Any stories involving the prez, congress, supreme court shouldn't be taken too seriously. The prez could sign an exec order declaring that all Americans everywhere are his personal slaves and the court would declare it 'Constitutional', the congress would vote money to enact it, the cops would suit up in their riot gear to enforce it (can't lose their precious fiat pay checks, ya know), and the media would call it beneficial to all.

Dec 28, 2014 - 8:10am


Thanks Pining.

When I talk to people about what all of us see coming. The people I speak with do not want to face reality. Deep inside this type talk is frightening to them. I see a bury your head in the sand and hope it goes away mentality. They know something is desperately wrong but want to believe the rose colored picture painted by TPTB, gov't and compliant media.

Most will never believe nor prepare for what is coming. They have never experienced true hard times nor have you and I. My grand parents lived through the great depression and my dad was born in the middle of it. So I have heard the stories as most of you. We cannot stop trying to sound the warning to friends and family and we must keep praying for a world going mad.

Dec 28, 2014 - 9:16am

While in Mexico

The immediate result has been a plummeting in the popularity of [Mexican President] Peña Nieto and nearly all political institutions, according to the latest polling. In addition to the probable massacre of the students, the clear connection between politicians and organized crime and perceptions that authorities handled the case poorly, Peña Nieto and members of his inner circle have also been hit with allegations of conflict of interest in the awarding of lucrative public-works contracts.

A survey released this month by GEA-ISA found the president's disapproval rating had soared to 52%, the highest in his tenure and more negative than those of his two predecessors at this point in their terms. Asked about the president's credibility, 38% of respondents said they did not believe Peña Nieto "one bit."

But even worse is the significant drop in confidence for all institutions in the last three months, said Guillermo Valdes, an executive at GEA-ISA. "What worries us the most … is the growing distance between the political and the public," said Valdes, who was head of domestic intelligence in the administration of former President Felipe Calderon. "The most serious [phenomenon] is that people are losing sight of democracy as the institutional vehicle for changing things," Valdes said. "People are distancing themselves from politics, from institutional channels which should be the way to solving these crises."

That could lead to political violence, experts say, or, at the least, to a potentially destructive apathy. The GEA-ISA survey measured "intention to vote" at 31%, meaning that if elections were held now, Mexico would see an abstention rate virtually unheard of in its modern history.


Dec 28, 2014 - 10:14am

A common theme

A common theme that runs through the undercurrent of recent posts is that many people have given up trying to sound the alarm of the straits we are in. Many continue their own preparations, but either through shame or self-doubt most of us have stopped proactively warning others.

Ironically, the change in attitude and fervency and of our own self-perception has slowly been changed from being individuals stationed in the Watchtower, to being residents of Turdville - sadly poetic in a way.

I noticed this change in myself over the past year. After a too brief visit with my son over Thanksgiving, he recently added to his stack. I still continue to stack methodically, but strangely, I thought to myself that he might have waited for a better price. Even if it is not affecting our own stacking and preparations, a very real consequence of the market's irrational behavior is that it has effectively muzzled us from warning others.

I saw recently that there is more infighting going on at FOFOA's site, with increasing self-doubt. Some commenters are jokingly refer to themselves as a cult. Not sure if we'll see a capitulation but the signs of fatigue are all around us.

To understand that an individual is in danger requires the understanding that we are in the midst of a currency war. Individuals worked together during the hot WW2 and prepared themselves during the cold war, but are ignoring national threats and vulnerabilities during the currency war. Currency wars are waged to break nations. Individuals will necessarily litter the landscape. We are under siege, and many don't understand that our officers have abandoned the fort, and we are left to survive on our own.

Even if you have lost your evangelical fervor, continue to prepare for your loved ones as though their lives depend on it.

Dec 28, 2014 - 11:10am

Just sitting here reading

James Grant, the Forgotten Depression that Mrs Silver66 put in my stocking for Christmas. 33 pages in and full of gems, example:gold was money, credit the promise to pay money. The principle source of credit was the the business deal.

So simple a fifth grader could understand, hence why politicians are so unable to understand

After I am done this book I will dig into the Money Bubble by James Turk


gold slut
Dec 28, 2014 - 11:34am

Sandeep is an old friend of

Sandeep is an old friend of Turdville. I met him through Ned. He's been a podcast guest on three occasions. Perhaps we'll get him back on early next year.


Ferd Torgerson
Dec 28, 2014 - 11:44am



NW VIEW erewenguy
Dec 28, 2014 - 11:45am

@ erewenguy

We all live in a world that has become very artificial. Most things are propped up with the hope that the masses will be filled with many placebos. We, like sheep, have all been led astray. How will we prepare for the future? Many of us are stackers, however, in my view, few will ever use/spend/barter with their stash. The metals will be thrown into the street in those days and seen as worthless. There will be things of great value but they will be found mostly in the internal bugout bags.

I have entered the local hospital and visited those who are locked up, those who have crashed mentally. The cares of the world have so penetrated their souls that they cannot cope with life in America. What will America look like after another year? Do we have, within us, a way to see beyond the smoke and keep a healthy life for our family? There is boatloads of stress within the thousands of news articles and they just keep coming, everyday.

If one is prepared, then live in that NOW. I enjoy planting our organic garden. I get the old hoe out and kill the weeds. The birds fly in and I even say "good morning" to them. WE must not, cannot ever, cease living upon this land that has been given to mankind. If we surrender to the frightful agenda of the EE, we will have lost almost everything and we will wake up in the psych ward, as a resident instead of a visitor. jmo Jim

Ferd Torgerson
Dec 28, 2014 - 11:46am


Sorry to be so late to the party. Another of your sterling posts

Was wondering if you could do me a slight favor. I know my “First” post above came somewhat after a number of others. However, was wondering if you could arrange a “waiver” for me and have the Admins move my post to the top.

I was out having Mexican food last evening and had no idea you were preparing one of your gems. Had I but known, I’d never have had that third or fourth margarita and would have been home in time to read and claim my rightful position at the top of the replies. As it was, I slept rather late this morning and had a headache and so am just now starting to check out the blog.

I’m sure that in your career as an educator, you’ve faced similar requests for exceptions from some of your students (“My girlfriend ate my term paper”; “I thought this class met on Tuesdays and Thursdays”; “I didn’t know I’d bought the wrong textbook until the night before the final exam”).

I know you’ll give this request the consideration it deserves.

Thanks, buddy.


Dec 28, 2014 - 11:56am

the reason we no longer warn

others is because we get tired of being ridiculed and marginalized.

I have been trying to warn others for 14 years and like Noah have had no converts.

Its better to concentrate on trying to save your own family.

And be ready to turn away the desperate to save your own.

Harsh but reality.

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