Turd & Andy on with Max & Stacy

Sat, Jun 11, 2016 - 12:03pm

Early last week, I had the honor to join Max and Stacy for a taping of The Max Keiser Show. Along with my friend Andrew Maguire, we had a sort of panel discussion of gold and the global gold market.

As usual, the program begins with Max and Stacy discussing some of the news of the day. In the second half of the program, Andy and I join them for a segment where the primary topic is gold and gold price manipulation. This is actually the first of two segments that we taped last Monday so be on the lookout for another episode sometime next week.

It was great fun to see Max and Stacy again and we should all be grateful that they so willingly gave us a platform through which we can draw continued attention to the conniving schemes of the global bankers and the sham that is the fractional reserve, paper derivative precious metal pricing structure.


p.s. My favorite part of the show may be the "beeping" that covers up every mention of the name "Turd". Max and Stacy may have done that on purpose just to be funny.

About the Author

turd [at] tfmetalsreport [dot] com ()


J Siefert OOOBuck
Jun 11, 2016 - 2:03pm

Turd on Russia Today

Bet the CIA will be keeping tabs on Turd from now on. They'll be fitting electronic bugs in all your rooms and the end-of-the-garden echo chamber soon.

Jun 11, 2016 - 3:09pm

CIA and Turd-isda-man

I think the bugging is ancient news. My bet is that Turd has been on a partyline for quite some time now. Ditto for a few other Turdites, including moi (although I go to great lengths to be anonymous).

Jun 11, 2016 - 3:11pm

But Turd.... please share

your insider observations of what it was like to be on the Max Keiser show.

Jun 11, 2016 - 3:40pm


Turd you and Andy look a little under the weather. Ha! Ha! You must have had a few beers before that show. Ha! Ha!

I can tell the picture of you and Andy was taken before that tapping. Lol Keep Stacking

Angry Chef
Jun 11, 2016 - 3:47pm


Back in the 80's I believe there were over 70 independent media outlets in the USA. Today there are 6. RT is better than anything I see here in Canada. And I would say the USA and Britain. Here in Canada I call the CBC the Communist Broadcast Corporation. The BBC in Britain hasn't been worth a rats ass sine at least 1990. And the American Media is a pathetic joke.

They're all just an arm of the Ministry of Truth. I only peak at the msm once in a blue moon so I can understand what the sheeple are being told. A lot still believe the "official " 911 story and that the paper they carry around with pictures of dead and degenerate Freemasons is actually money.

That is what passes as a free and open media these days. The truth is there is more open discussion here in Turdville than anywhere in the MSM. We may not always agree with each other but at least we can discuss and debate. Which is something that is forbade in the MSM. You can't even say the "I" word.... and I don't mean the Icelanders !

Jun 11, 2016 - 4:42pm

On Hillary's "To Do" List...I'm sure!

"We Don't Have A Wage Problem; We Have A Money Problem"

by Tyler Durden - Jun 11, 2016 4:10 PM


Submitted by Samuel Bryan via SchiffGold.com,

On June 7, the Washington DC Council voted to raise the city’s minimum wage to per hour. DC joins New York and California, along with a number of major US cities that have made the move to boost the minimum wage over the last year.

The DC Council’s vote was a major symbolic victory for supporters of the well-organized “Fight for ” campaign.

According to the Washington Post, the effort resonates with Americans:

Polls find strong support for a $15 wage floor as many Americans have become frustrated by the loss of well-paying manufacturing jobs and the growth of low-paying retail and service jobs.”

Last spring, ReasonTV asked residents of the “trendy, hipster enclave” of Silver Lake in Los Angeles, “What is the ‘right’ minimum wage?” Unsurprisingly, most assumed a higher minimum wage is a no-brainer – a win-win for society and workers.

Presidential candidate Bernie Sanders has made a federal $15 minimum wage part of his campaign platform. Hillary Clinton has indicated she would support a gradually phased in federal $15 minimum.

As the Post reports the movement is clearly gaining significant steam:

The District’s move is the latest in a series of unexpected and rapid-fire victories for the $15-minimum-wage movement. What began as an audacious push by fast-food workers just a few years ago is evolving into a new labor standard, with state lawmakers in California and New York agreeing to implement a $15 minimum wage by 2022, and legislatures in Connecticut, Massachusetts, and New Jersey weighing similar measures.”

The current economic climate makes the push for $15 understandable. DC Mayor Muriel E. Bowser described the situation faced by DC residents, and it reflects realities across the US:

When I see how much it costs to live in Washington, D.C. — and that cost is only going up — we know that it takes more money for every household to be able to afford to live. There are families working day in and day out, sometimes two or three jobs but barely making ends meet.”

But is a $15 minimum wage really the solution to what is a very real problem?

Some ominous signs indicate it may actually make things worse. A recent New York Post article highlighted how New York City car washes tend to be less automated than in other parts of the country because the city has a labor pool willing to do that kind of work with relatively low pay.

But these workers will likely find themselves without a job as the New York minimum wage takes effect:

How does taking away their jobs make them better off? The $15 minimum will push New York car-wash operators to automate like the rest of the country, denying workers the right to undercut the machines on cost. It’s already starting to happen. Amir Malki, a leading car-wash equipment installer in the region, says over a dozen car-wash operators in New York City have inquired about putting in equipment to eliminate workers.”

All we have to do to see how minimum wages can negatively impact the labor force is look to Puerto Rico. The federally imposed minimum wage was a major factor in spiraling the territory into economic chaos.

Congress required Puerto Rico to bring its minimum wage in line with the US back in the 70s and 80s. While increasing the minimum always impacts employment, it was particularly disruptive in Puerto Rico, and obviously so, due to the fact that the wage scale there was significantly lower than on the mainland. Forcing wages up led to widespread unemployment, especially among low-skilled, lower paid workers.

Minimum wage advocates seek to solve a legitimate problem facing American workers: their dollars buy less and less every year. But simply mandating employers fork over more dollars is a little like putting a band-aide on an amputation. It doesn’t do anything to address the underlying problem.

Our money is broken, and we need to fix it.

The US government’s monetary policy devalues our currency, and that means less purchasing power for you and me. Simply put, when the government debases currency, a dollar no longer buys the same amount of stuff it once did. Quantitative easing debases the currency and the Federal Reserve has engaged in the practice for years.

This is one of the many reasons to invest in gold.

So, what does this have to do with wages? Well, consider this:

In 1964, the minimum wage stood at $1.25. To put it another way, a minimum wage worker earned five silver quarters for every hour worked. Today, you can’t even buy a cup of coffee with those five quarters.

But the silver melt-value of those five quarters today stands at over $15.

There’s your $15 per hour minimum wage.

This vividly illustrates currency debasement. In terms of purchasing power, the value of the silver remains relatively stable, but the value of a dollar shrinks. The long-term rise in the price of silver reflects this reality. It’s the very reason people buy silver and buy gold.

Now flip things around. Today, it takes 60 quarters to make up the $15 minimum wage advocates want. If you paid that in 1964 silver quarters, the value of the metal would be something in the neighborhood of $175!

This demonstrates why precious metals are good investments. Silver and gold retain their value as paper currencies continue to debase – thus raising prices over the long-term.

In an economy with stable money, prices tend to fall, not rise. That means more purchasing power to the poor, minimum wage workers, those on fixed incomes, and savers. But the government currently debases our currency. The politicians and central bankers claim their policies stabilize economies and protect the people from currency debasement. But in truth, these policies only enrich the politically well-connected at the expense of you and me.

Minimum wage hikes only mask the problem. We need to fix the money.

Jun 11, 2016 - 4:59pm

Best Keiser Report for ages.

Loved it Turd. You came across well. Andy looked a little worse for wear - maybe you guys quaffed a few too many pints the night before.

Ed Steer's Saturday Report Conclusion on GoldSeek, he edited Jim Rickard's comments as follows:

"I stole a few paragraphs from Jim Rickards‘ commentary over at The Daily Reckoning yesterday — and I’ve edited it lightly for length reasons.

For 10 years, I’ve been on one side of the gold debate and global monetary elites have been on the other.

But as I’ve written recently, now, suddenly, elites are lining up to copy my ideas right down to specific amounts and percentages. This is a sea change, with huge implications for your portfolio. It’s absolutely critical to understand what has just happened and what’s coming next.

I should be flattered (and I am) that the elites are copying my work. But there’s more to this than diverse views suddenly converging. Elites don’t act in such a coordinated manner unless there’s an ulterior motive or hidden plan.

Based on my CIA training and decades as a lawyer and banker, I know one thing: There are no coincidences. When the elites suddenly switch sides on a key issue, something big is going on…

I would guess that the “something big” Jim is referring to is some sort of monetary reset which includes a brand new and shiny gold price to match. As to what silver’s price might be when the dust settles, I’ll leave that to your imagination. As for me, I can imagine quite a bit — and a 3-digit silver price of some variety is a slam dunk from where I’m sitting, as it is with Ted. The only question worth asking is just how big that 3-digit price is going to be. And the answer is: “It doesn’t matter!”

I’ll surmise at this juncture that the fiat currency system as we’ve know it since 1971 is on its way out the door, as the powers-that-be now know that the gold card, the only card left in their deck of tricks, has to be played — and they’re about to do exactly that at some point in the not-to-distant future.

So we wait some more."

Jun 11, 2016 - 5:06pm

But Angry

RT is ultra-left TV even if you simply look at it as an alternate news source. How do you reconcile this?

I mean, when I mention anything regarding my left-wing views in TFMR, I get put on ignore lists.

Of course RT is great and it is my ongoing concern that any day now they'll chop it from our viewing list (just as they recently did in Argentina).

Not only the news, but Lee Camp's Redacted tonight is hilarious. Thom Hartman is a wonderful alternate perspective show and good ol' Ed Schultz is the only news source that actually covered the Sander's campaign.

I mean, does Pining or AE watch it too? I just don't get it.

James Crighton OOOBuck
Jun 11, 2016 - 5:37pm

No Buck

.... RT is not "ultra-left". It does not fit into the paradigm that The Bros. and their minions have created / encouraged over the last 100 years to distract the masses - it (RT) has both left and right elements - and central - its views rage across the Bros. spectrum. There is a new political paradigm - as evidenced in RT - one consisting of a mixture of conservatism, respect for and encouragement of the family, respect generally, tolerance, broad-mindedness (to a limit - defined by the wisdom of the ages - gay marriage is not natural) etc. Now compare that with what we have now ...............

The Times They are a Changin'


Jun 11, 2016 - 5:59pm

James on RT

Yes, your right and I stand (gratefully) corrected. I suppose I was just commenting on it as (I think) some Turdites might.

As a social democrat, I have always felt very much at home with RT but I've also always felt that I was being radical by choosing it as my preferred news source (other than what I get on LinkTV and here on TFMR). I also watch MSNBC for the very same reason that Angry mentioned (just to see what they're feeding the sheeple).

Well, thank you for your very thoughtful insight and response.

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