Low E

347
Fri, Jan 4, 2013 - 11:42am

As a middle-aged American male, I'm told by my television that I should be concerned about "Low T"...Big Pharma slang for low testosterone. So far, so good on that one (as MrsF will attest ). A much bigger problem right now is "Low E"...Turd slang for low enthusiasm.

Maybe tomorrow I'll write a post that discusses the MOPE and crap of yesterday. That The Fed can/will end QE as soon as later this year is so nonsensical that it doesn't deserve logical refutation.

Maybe tomorrow I'll write a post that discusses the latest BLSBS, replete with buried statistics and mentions of participation rates and seasonal adjustments.

Maybe tomorrow I'll write a post that includes a bunch of charts with lines drawn all over them, showing where price might stop and reverse.

For now, I only want to write about the one thing that bothered me the entire time I was on vacation...the CFTC.

You see, here's the problem: I'd like to have hope. I see things. I talk to people. I read a lot. And I think. All of this leads me to the conclusions I espouse here. Namely, that the end of The Great Keynesian Experiment is upon us and we all need to prepare accordingly. The politicians are all corrupt. The U.S., and the world for that matter, is ruled in favor of the very few, particularly the international bankers. The global economic system is about to collapse and morph into something completely different from what we've all known our entire lifetimes.

But, I'd like to have hope. Hope that I'm wrong. Hope that I simply have an overactive imagination. Hope that I am just channeling Russell Crowe playing John Nash, seeing clearly nothing but make-believe conspiracies and foolishly connecting the dots.

But the problem is...the CFTC. There the illusion and hope unravels.

You'll surely ask me how I know and I'll say "I don't". So, don't bother. I have no proof. Only faith and trust which could also be misplaced. But I am entirely confident that the CFTC has been given, all wrapped up in a neat little package, everything they need to prove, beyond a shadow of a doubt, that the metals markets are wholly and entirely manipulated for the gain of a few bullion banks. Instead of acting promptly, to restore order and confidence in "free and fair markets", they dawdle. They stall. They issue no statements. They conclude no investigations. And, most importantly, they allow the crime to continue as if nothing has changed. Only now they are accomplices, to the point of being co-conspirators.

And this is the problem. Hope is gone. Not that the CFTC was some hoped-for, last bastion of integrity. That's not it at all. They are, instead, the proverbial "straw that broke my back". Because now that I know that the CFTC is negligent and corrupt and only serving to protect and defend their TBTF overlords, my hope is gone. And, again, I'm not talking about hope for a resolution to the metals manipulation, I'm talking about hope that the entire western political and economic system really isn't as corrupt and narcissistic as it seems. For it's impossible not to reach the following conclusion:

  1. The CFTC is protecting a major TBTF, Fed primary dealer by refusing to acknowledge the manipulation.
  2. If this one, government bureaucracy is in the back-pocket of the banks, all of the rest likely are, too.
  3. And if all of the agencies are in the back-pocket of the banks, then the politicians are, too, because most of the bureaucrats are political appointees.
  4. And if all of the politicians are in the the back-pocket of the banks, then the entire political system is a sham. There are no elections. It's all just an illusion designed to mollify the masses.
  5. And if that's the case, what kind of world do we really live in?

So, you can see my problem here. I suffer from "Low E". Why bother to write about all of the day-to-day stuff? Why mark up all my silly charts? Once hope is gone, soldiering on can get pretty challenging. Perhaps I can draw renewed inspiration from the idea of "awakening the masses". Logic suggests that only by operating within the matrix can you reach those still contained therein. But I don't know. I really don't. Inevitably, the first question is: Why try at all?

Let me work on that for a while and I'll get back to you soon. Maybe tomorrow.

TF

About the Author

Founder
turd [at] tfmetalsreport [dot] com ()

  347 Comments

Basil
Jan 5, 2013 - 12:06pm

In Nadler's latest offering .....

..... https://www.kitco.com/ind/Nadler/20130104.html

He claims :

"Evidently, also fewer Americans opted to load up on gold and/or silver Eagle coins last year. The Treasury Department’s US Mint reported full year 2012 gold coin sales down by 25% from 2011 and silver coin sales down 15% from the previous year. The 753,000 ounces of gold Eagle coin sales were the lowest reported sales figures from the US Mint since 2007."

Just wondering if he is actually correct in saying this ?

I've had a quick hack around the US Mint site , but can't find the info.

Any help would be very much appreciated - thanks.

Patrancus
Jan 5, 2013 - 12:07pm

My thought on lawyers

Stay as far away from them as you are able for if you let them attach themselves onto your life support systems, they will bleed you both financially and emotionally to death.

The banking and investment financial crash was the result of lawyers working their magic in concert with their banking clients, no matter where you find the stinking rotting carcass of a bad deal, the trail will quite often lead back to the lawyers.

The chaos of the recent financial crash will only be resolved 20 years from now involving even more lawyer minutia with more and more financial costs, pain and suffering for just the common folks who are ignorant of the law that they are constantly reminded is supposed to be protecting them.

Lawyers do not produce anything, they are a net drag on the economy.

Most lawyers (not all) are lazy and not worth your money hiring because they do not do their homework, and when they get around to preparing for a case it is usually last minute and near the deadline. When you go to trial they are not prepared, because they are lazy and have not allowed themselves sufficient time in library, they however can be very good at the dance, which often occurs in front of the judge. The lawyer that can dance the best beyond the bar in front of his audience the jury and of course the judge often prevails at the hearing. Why is this? because no one is prepared, not even the judge.

These things I have experienced first hand, which is why 20 years ago I made a promise to myself that I would stay as far away from deals that might tend to get me into legal problems, that if I did happen to get myself into some kind of legal can of worms, that I would take the time to educate myself in the language and letter of the law in an attempt to keep any lawyer that I might have to hire on task of what I need them to do for me. No more blind fool in the courtroom at the mercy of a system designed to chew a man up and spit him out all because the man did not know what in the hell was going on at the hearing.

If you find yourself snagged in the legal system, have a lawyer, or are going to need to interview a lawyer to hire to help you with your case, I highly recommend that you take all the time you need in the law library, find a pro se groups who most times will be happy to help you, find other sources online that can help educate you on what you need to do to win your case. Interview lawyers to find out how much they understand the case law that you have studied on your own, find out how well the lawyer dances in the courtroom, find a lawyer who understands that you are a fully informed litigant in the law and your are hiring them to put on their dance at the hearing. Many lawyers will show you their door quick, keep interviewing, pro se knows who the lawyers are that understand your expectation of them. Keep at it, it gets easier easier by the hearing.

Bitter? embarrassed? you bet I am, though not the least bit shy to tell of my experiences to others in hopes of encouraging a resolution to others caught in the deadly webs which lawyers spin.

eyeswideopen
Jan 5, 2013 - 12:08pm

Once upon a time...

AG dropped from 21 to 8. Many sold out, but the believers purchased more. Not because of blind faith or greed, but because they were aware of the real picture. Markets being irrational for longer than one can stay liquid? The Racketeers count on it every time.

A wise man once told me "Watch what the big boys do". Well, what are they doing? Answer....They are hoarding tangible assets.

What normally separates folks in this community from the brainwashed masses is forward thinking.....

The instant gratification, race to compete for useless crap, desire to impress friends, family, and even complete strangers is engrained in the majority of our shallow population. There are leaders in the world, and there are followers. Followers rarely excel.

Everybody here dedicates a portion of their valuable time to contribute and learn from this site for a reason. Some are currently making the tough transition from follower to independent thinker. Most here have made the journey. More and more are making the decision to. It's a difficult one, as the criminals have purposely designed it to be. Moving against the grain and driving into the headwinds takes effort, diligence, and faith, but becomes less tiring when one is convinced that the effort has merit and benefit. The traveler evaluates, weighs and prioritizes these benefits. The shift in mindset has begun.

Those who lack initiative and effort rarely excel. No doubt many sleep better at night than many of us do, however, and as many of us are aware, these folks sell themselves short, as they will never realize their true potential as leaders, educators, or human beings. We gather here, not just because we thirst for wealth, but because we thirst for knowledge. TFMR is but one door....a door our host has graciously opened for the thirsty to enter and drink. There are dozens of doors to walk through within these walls...all which give us the opportunity to continue our awakening, and to gain strength while facing the headwinds.

Folks here should submit guestpostings to ease the stress and grind our host faces. Perhaps our Host or Mods can choose one or two. The daily technicals and important news will never be lost, as members of the community will ensure we all stay informed. Our block is filled with other awakened households who offer gifts of knowledge, encouragement, and insight.

Our desire for awakening over the last few years is not just for our benefit. Those we love and desire to keep safe and healthy in mind and spirit will have the opportunity to enter these doors, and the doors of other homes in the neighborhood.

This is, in part, the reward for our efforts.

I encourage all to step back, breathe, and continue to look down the road. Peace

Patrancus
Jan 5, 2013 - 12:09pm
Monedas
Jan 5, 2013 - 12:11pm

Nothing New Under The Sun, Katie !

People, including my own mother, said I was bad seed .... and this was way ........... before GMO seeds were invented ?

Canada
Jan 5, 2013 - 12:12pm

Currency devaluation and recovery or WW3

I think most here would agree we are in the Great Depression part two. The principal cause being a collapse in private sector debt growth after an unsustainable parabolic rise in borrowing between 2000 and 2008 as seen here:

https://research.stlouisfed.org/fred2/series/TCMDO

The last time that happened was the Great Depression nicely demonstrated here:

https://1.bp.blogspot.com/-rmuDkkKC5Ks/TV9IToIPtHI/AAAAAAAAAB4/k6-NwAJjL...

Rising private sector debt pushes up asset values (banks lend more and people bid up housing etc.) until there is no greater fool to borrow more left and things collapse. Falling demand leads to falling prices and deleveraging. This falling demand reduces economic activity and leads to rising unemployment, leading to a spiral of falling demand and deflation.

In the Great Depression government spending rose as did government debts via deficit spending to compensate for loss of private sector demand during the deleveraging process. In 2008 the same thing happened (to a much greater extent), deficit spending continues despite a wobble over the fiscal cliff.

Prof Keen has an interesting blog on why the government should probably keep deficit funding going in the western world for longer. He does not mention new money creation or the intervention of central banks in manipulating down interest rates, buoying asset prices and equity markets but it is worth a read nonetheless.

https://www.debtdeflation.com/blogs/wp-content/uploads/2012/12/Keen2012F...

Despite some private sector debt recovery the consumer is tapped out. All the confidence tricks from the central banks cannot stimulate demand for borrowing what one cannot afford. I would also question how far debt to tax income / debt:GDP of countries can go before currency confidence evaporates especially when this is occurring with direct monetization (who else will buy our bonds?).

I believe TPTB is trying to engineer a recovery by aggressively devaluing western currencies and debts whilst supporting asset and depressing commodity prices through 'market interventions'. This may be a race between an inflation driven recovery (true inflation not fiddled figures) and loss of confidence in the dollar as a reserve currency. Deflation must be avoided at all costs.

What ultimately rekindled GDP growth a decade after the Great Depression was WW2, perhaps that is where we are heading by 2018 if things haven't improved by then.

Canada

RaRaRasputin eyeswideopen
Jan 5, 2013 - 12:17pm

@eyeswideopen

If I could hat tip your post more than once I would!

RaRa

Wayneminer
Jan 5, 2013 - 12:22pm

Maintaining sanity while dealing with an insane system.

Hi Turd.....

From my own experiences, I can say that on more than one occasion, I've felt lost and as if everything I was doing was meaningless in the face of such financial corruption and my inability to wake people up. I'm talking about some pretty significant despair. I wondered if this was what drowning felt like. Fortunately, I found your site, and other sites where I could get a dose of sanity. That really helped ground me. I realized that you cannot awaken those who do not wish to awaken. I also came to realize that the best I could personally do was to opt out of the insanity and continue to stack. The beast will kill itself. I can help by taking silver out of the system, and that will hasten the demise of the beast, but in the end I believe that through it's own actions, the beast will ensure its' own downfall.

Never doubt that you bring tremendous value to the table. For people such as myself, this is the place I come to for a dose of sanity when I feel overwhelmed by the insanity of present day corruption, in which nothing makes sense. You have my sincere thanks, as do the other members who come here to post.

When I get past the frustration stage, I realize that there is a positive side to this thing dragging on and taking longer to be resolved than I thought it would take.

1) it gives me more time to stack

2) more people are being given the time they need to wake up

When the cart finally tips over, more people are going to know why it tipped over. This last point will be crucial for a better restart.

Enough of all that... The most important thing I wanted to say was thank you!

sengfarmer
Jan 5, 2013 - 12:28pm

boatman,

I apologize for not making clear what I was asking about. It wasn't the disease you addressed, it is the mushroom known as the "silver bullet".

Thank you for the education on the other chaga :).

boatman
Jan 5, 2013 - 12:45pm

chaga

is a mushroom with a high anti-oxidant content.............making it pretty useful and benefitial, specially if its growing all around u.

Astaxanthin is the strongest anti-oxidant however.

no problems.

waxybilldupp
Jan 5, 2013 - 12:47pm

Chaga, chaga, choo, choo

Chaga, chaga over to the new thread, folks.

SteveW philipat
Jan 5, 2013 - 2:08pm

Pills

'@EG

Submitted by philipat on January 4, 2013 - 6:47pm.

"I can no longer promise her that it will get bigger one day"

You were referring to the stack, of course?.'

The red pill makes one aware of the importance of having a stack while the blue pill makes stacks and their size irrelevant. At least I think that's it.

SteveW nixy
Jan 5, 2013 - 4:23pm

@nixy Why don't you

view "Money as Debt"

https://www.moneyasdebt.net/

then you may get some sense of where ivars is coming from.

1. He is stating that our predicament is the nature of money itself, as debt.

2. You are complaining that within the existing system there has been overwhelming fraud.

You are both correct but are discussing at cross purposes and completely missing what the other is saying.

Sheetrocker Katie Rose
Jan 5, 2013 - 5:21pm

@Katie Rose

Here is an article you may find of interest. It's about a Danish pig farmer who noticed an improvement in his pigs within two days of switching to a GMO-free diet. Results included elimination of diarrhea, more piglets born per sow, stronger healthier piglets, elimination of birth defects, reduction of medicinal use by two-thirds, reduction of labor and increased profits.

Everything I read on GMOs seems to indicate that Europeans are far more aware of the dangers involved than we in the U.S.

https://farmwars.info/?p=8723


Jan 5, 2013 - 6:58pm

Just catching up a little...

I'll probably repost this is the new thread, but since it is a response to Turd's post on this thread I'll put it here first.

In personal news, my job situation has improved a little. I won't go into to too many boring details, but I do want to say that the company I work for has a tendency to get rid of people right around Christmas. It has happened at least three times in the seven years I've been working there. That I made it to 2013 is a positive. Also, the man who initially put me on notice has exhibited an better attitude toward me. He is also increasing my responsibilities at the same time that my productivity is increasing. I still canceled the dental work I had planned on getting done in December and January because the money I set aside might still be needed for things like rent and food should everything come unglued. We shall see.

But, back to Turd's slightly maudlin post. I am actually encouraged by it. People who have been reading my comments here know that I am an anarcho-capitalist. I don't try to hide it, but I also try to keep it on-topic and try to avoid acrimonious squabbling about it. That being said, it is often after disgust and even anger about the way things are turns out to be the final impetus.

Because now that I know that the CFTC is negligent and corrupt and only serving to protect and defend their TBTF overlords, my hope is gone. And, again, I'm not talking about hope for a resolution to the metals manipulation, I'm talking about hope that the entire western political and economic system really isn't as corrupt and narcissistic as it seems.

It is as "corrupt and narcissistic as it seems." It has always been so, but it was always well hidden, at least for those who didn't want to see it. The 20th Century, especially, was one lie after another, but the liars are losing their hold. There are too many alternate sources of news and information. People aren't buying it any more and TPTB are starting to take the gloves off. They are getting desperate and trying every trick in the book in hopes of putting the genie back in the bottle. And they are failing. They are losing the faith and trust of too many good people.

So hang in their Mr. Mayor. Get mad, stay mad and press on. The folks who live in Ancapistan have gotten here by many different roads. I heartily recommend you--and everyone else here--read Power and Market: Government and the Economy, by Murray Rothbard. If you can read that and still think that the state is anything but the greatest threat to civilization and social order there is nothing I or anyone else can say.

And for all you die hard voters...

https://www.youtube.com/watch?v=LmxA67f542M

Bobbejaan Katie Rose
Jan 5, 2013 - 9:33pm

@Katie Rose .... RE :- How I keep sane

Thank you VERY kindly for that post about your goats & the deer, Katie ..... That helped me with my current depression & gave me hope for recovery of my own sanity & spirit-of-joy.

Arjen
Jan 6, 2013 - 10:33am

Maybe it is time to

Maybe it is time to stop....

What i am to explain now is what i have been thinking for quite a while, i never posted it because it is pointless and i will probably be labeled a disinformation agent or something like that.

about 4 years ago i started thinking i should change my money into gold and silver. I doubted for about 2 years, and then, 2 years ago i did it. At that time i decided it was a long, long term decision. I am happy i have thought about this and made the desision myself without influence from any sites like this.

Because honestly, every time i read this site, i start to doubt the whole thing. Not just in down times like now, but always. It is because i have some build-in system in me that opposes and alarms when people are trying to manipulate my thinking. It makes me think the opposite. And this system reacts very strongly on this site. The way the community reacts to anyone who dares to express any doubts, the aluminum hat mentality that gets extremer with the day. When i read this site, i feel like some people are gonna end up in an asylum someday soon. And at those times i need to remember myself that it was my uninfluenced choise to buy PMs. If that choise was influenced by this site, i would probably have sold them already or be in an asylum myself.

Contribute

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 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

Key Economic Events Week of 4/15

4/16 9:15 ET Cap Util and Ind Prod
4/17 8:30 ET Trade Deficit (Feb)
4/17 10:00 ET Wholesale Inventories
4/18 8:30 ET Retail Sales (March)
4/18 8:30 ET Philly Fed
4/18 10:00 ET Business Inventories (Feb)
4/19 8:30 ET Housing Starts and Building Permits

Key Economic Events Week of 4/1

4/1 8:30 ET Retail Sales (Feb)
4/1 9:45 ET Markit & ISM Manu PMIs
4/1 10:00 ET Construction Spending (Feb)
4/1 10:00 ET Business Inventories (Jan)
4/2 8:30 ET Durable Goods (Feb)
4/3 9:45 ET Markit & ISM Services PMIs
4/5 8:30 ET BLSBS

Recent Comments

by Joseph Warren, 44 min 57 sec ago
by Dr Jerome, 1 hour 22 min ago