A2A with Bill Murphy

35

What a great time for a return visit with Bill Murphy, chairman of the Gold Anti-Trust Action Committee and proprietor of the great website, Le Metropole Cafe.

As you might imagine, this was a timely and very informative webinar. Among the topics discussed:

  • the current and future civil lawsuits alleging price manipulation in the precious metals
  • the ongoing actions and rationale of The Bullion Banks
  • the reluctance of mining executives to join the fight against The Banks
  • what conditions might finally lead to a break in The Gold Cartel
  • and much more!

Please take time to listen to this entire podcast. Then, when you're finished, please consider making a financial contribution to GATA. For U.S. residents, your contributions are even tax-deductible! (https://www.gata.org/node/16) You should also consider visiting and supporting Bill efforts at his own site, www.lemetropolecafe.com.

Thanks,

TF

Does Feb19 Comex gold close above $1250 on Friday?
YES
76%
NO
24%
Total votes: 171

  35 Comments

Iceberg Slim · Oct 20, 2016 - 2:32pm

1st

first 1st in a while!

Swineflogger · Oct 20, 2016 - 2:47pm

Dos

2ish

EDIT: Now to listen and learn

viking-analytics.com · Oct 20, 2016 - 3:16pm

Tres

thx TF

cashonly · Oct 20, 2016 - 3:32pm

***RESERVED***

early post, spot is now RESERVED FOR "you know who". Keep stacking.

billhilly · Oct 20, 2016 - 3:39pm

These guys....

One day these guys, the Bill Murphy's, Chris Powell's, Jim Sinclair's, Andrew McGuire's, these guys will be looked upon as Giant's, as the David's who took on the Goliath's, and (eventually) brought forth the truth into the light and brought the beginning of the end to the Cartel's who prey(ed) upon the unknowing masses. 

These guys, they are worthy of our esteem and veneration, our praise and support. Their voices should be lifted by our own unto our brothers and sisters who are still unwittingly bound to the paper ponzi and their message shouted from the hill tops. 

These brave souls deserve medals and honors.

I bow to their efforts with gratitude !

pbreed · Oct 20, 2016 - 4:03pm

Silver Arbitrage...

Inorder to arbitrage the same form of silver has to be acceptible on both ends,

If one side is doing 100 oz bars at 99.0% and the other side is 1Kg bars at 99.99% then how

do you turn a 100Oz at 99% to 1Kg at 99.99?

JQuest · Oct 20, 2016 - 6:10pm

Plummeting Newspaper Ad Revenue Sparks New Wave of Changes

Oct. 20, 2016

Newspapers are suffering an accelerating drop in print advertising, a market that already was under stress, forcing some publishers to consider significant cost cuts and dramatic changes to their print and digital products.

Global spending on newspaper print ads is expected to decline 8.7% to $52.6 billion in 2016, according to estimates from GroupM, the ad-buying firm owned by WPP PLC. That would be the biggest drop since the recession, when world-wide spending plummeted 13.7% in 2009.

https://www.wsj.com/articles/plummeting-newspaper-ad-revenue-sparks-new-...

SteveW · Oct 20, 2016 - 7:09pm

Fiat money and gold

According to Alasdair Macleod there are signs of renewed and increased bank lending. As the excess currency created leaves the Fed (excess bank reserves) and lent, it is levered due to fractional reserve lending. Thus the amount of currency in circulation is increasing (which at some point may balance the reduced velocity seen in recent years). So this might be setting the stage for hyperinflation, a point Alasdair does not make yet. One of his easier reads.

https://www.financeandeconomics.org/fiat-money-and-gold/

RickshawETF · Oct 20, 2016 - 8:36pm

Top Ten

Ninth. I'll take it.

Keep stacking!

Dirt_Reynolds · Oct 20, 2016 - 9:23pm
crylandjr · Oct 20, 2016 - 10:40pm

Great interview Turd!

Bigly enjoyed it. Need to hear stuff like this from time to time, one day all this will work out. It's been a long eight years waiting to get rich off of real money, lately realized I wasted many years waiting on the big payoff. Now I'm trying to focus on creating value and living life to the fullest, but it feels like a race with teotgke.

LostMind · Oct 20, 2016 - 11:04pm
canary · Oct 20, 2016 - 11:14pm

GLD added 2.96 tonnes

No change in SLV today.

canary · Oct 20, 2016 - 11:26pm

A secret to personal success revealed

Leaked Podesta Email reveals (ZH)....Larry Summers is an extra bright version of Donald Rumsfeld arrogantly unpleasant to his subordinates, dismissive to his equals and pandering to his superiors.

tyberious · Oct 20, 2016 - 11:38pm

@Lostmind

That was fantastic!

tyberious · Oct 21, 2016 - 12:30am

Return to a Benevolent Military

An extract from a forthcoming novel by historian James Hufferd

"Those of us who stayed awake in history class will recall that the founders of this country railed, for as long as they could, against the idea of any more “standing armies”, preferring to rely instead on local militias (the stated reason for the Second Amendment) and a strictly merchant marine fighting force at sea instead of a navy. The governing class finally agreed, reluctantly, to authorize a professional military of optimal size to adequately defend the country’s territory and resident citizenry, but certainly not designed to force the allegiance of or redesign the entire world. And our country, not weighed down by debt, thrived and grew."

https://www.veteranstoday.com/2016/10/19/hufferd/

tyberious · Oct 21, 2016 - 12:40am

Food security

Food security

"This is because the world economy is creaking under the burden of huge debts, and the only way out of it other than straightforward debt forgiveness is massive inflation to erode it. Negative real interest rates around the world have partly served to do that, but the process has been too slow as producer and consumer prices kept falling." Maybe because we don't have any money to spend?
"With inflation low for years, central banks had a relatively easy job. They could print as much money as they wanted; it only pushed up asset prices, not the prices of food, " Hello Inflation, Central Banks Salute You About those food prices. Currency inflation is slowly bleeding over to the lower loop in the form of higher prices for the things that we must have.

The crash is assured. What happens when the credit markets crash and the chain from production-to-consumption of food crashes?
https://www.goldrepublic.com/news/10-terrifying-charts
Here are the leading food importers;
World's Leading Food Importers - Business Insider
But, this doesn't tell the true story of food independence.
Food security is also tied directly to wealth. Here is a list of States where food security is sketchy, The 25 Countries That Will Be Screwed By A World Food Crisis - Business Insider
Venezuela is # 25 on the list.
Venezuela's latest cruelty: full shelves of unaffordable goods - Chicago Tribune

A Nigerian family spends 73% of it's income on food; https://www.zerohedge.com/news/2016-1...emains-unaware
Even that doesn't tell the whole story. What happens of Monsanto goes out of business? 20,000 sq. miles of American farmland has been sprayed with 2.6 billion lbs of glycophosphate. " U.S. Geological Survey, a study of pesticide and herbicide use from 1992 to 2012. During the two decades, an estimated 2.6 billion pounds of Monsanto’s glyphosate-based herbicide was used on America’s agricultural land" https://www.ezekieldiet.com/2-6-billi...icas-farmland/

This has killed the soil bacteria and made the land unsuitable for anything except Roundup-Ready seeds.
This sounds very British;
"The British East India Company’s subjugation of Bengal in 1765, ushered in an age of genocide for the next 135 years, that was unparalleled in human history.
The British Empire’s murderous policies unleashed a famine in 1770 that killed 10 million in Bengal, fully one-third of the population at that time! In subsequent years famines claimed 11 million lives in 1783; 11 million more in 1791; 1 million more in 1837; 2 million in 1860; 1 million in 1865; 1.5 million in 1868; 5.5 million in 1876; 5 million in 1896; and 1 million more in 1899. By 1900, British Empire policies had claimed over 49 million lives in India, "
https://www.larouchepub.com/eiw/publi...40-42_4024.pdf
The British managed to hold the population of India fixed for 100 years by holding rotating famines. Why do you think they built roads and railroads?

https://www.energeticforum.com/general-discussion/13014-economic-pressures-58.html#post293822

Gold, interest rates and Marxism

Very quiet morning.
Keynes advocated "euthanasia of the rentier". The State always over-prints the currency. Socialism always breaks the bank because it spends "resources" on things that don't have any return. Capitalism recognises no value in improving the quality of life or bettering society. There must be a middle ground but, we aren't there yet. The Central Banks are printing up tons of money to pay for everything that the credit markets refuse to finance. The private credit markets only finance things that have a return. The CBs want private capital to stay in the markets to stabilize international trade.

There is always currency inflation and price inflation. Historically, private capital fled to gold when interest rates were too low to compensate for the loss of purchasing power lost to price inflation. This brought interest rates up to pry loose the capital. The State had to get gold out of the picture if it wanted to run the presses in hyperdrive.
The closing of the gold window in 1971 allowed the State to catapult the price of everything else. Here are a dozen graphs that show the huge divergence of prices after the '71 date;
https://www.24hgold.com/english/news-...n+Popescu&mk=1

The French Curve and gold; https://www.321gold.com/editorials/rosen/rosen101916.pdf
The West tried very hard to get gold out of the picture. The East did the opposite. Eventually, the West will have to acquiesce to the demands of our trading partners. https://www.24hgold.com/english/news-...n+Greyerz&mk=1

Gold has been the most stable store of value for thousands of years. ALL governments eventually default on their bonds. BUT, GOV is now claiming the opposite.
" Known as Basel III, the banking rules set to come into force by 2018, and starting over coming months, will force large institutions to value each asset they hold at a different rate based on what the Basel Committee sees as its level of risk when measuring the stability of their balance sheets,

Deeply liquid, instantly priced and potentially a 'safe haven' asset is good, of course. Unsurprisingly, and very conveniently for debt-laden governments, sovereign bonds fit the bill precisely. Yet physical gold is ranked with the very worst junk an investor can own, and can be accounted at only 15 cents in the Dollar. "
https://www.24hgold.com/english/news-...tor=Adrian+Ash
The "paper gold" dumps are no longer affecting the PM markets to any great degree. A few months ago, the COMEX was on the brink of default for over 50 tons of gold. There was an emergency shipment from Switzerland that matched ounce-for-ounce the shortcoming. It would appear that there isn't much gold left in the U.S.
Our "noble experiment" with Marxism is dependent on unlimited currency expansion. Our trading partners want gold

truther4life · Oct 21, 2016 - 12:41am
SteveW · Oct 21, 2016 - 12:46am

Equal access roasting

FULL: Hillary Clinton Roasts Donald Trump At 2016 Al Smith Dinner - FNN
tyberious · Oct 21, 2016 - 12:47am

Jim Stone's Is right!

October 20 2016

There are two huge things I need to mention

1. Hillary blew a huge secret last night on the debate, and I missed it

Hillary announced the nuclear response times for the United States. I skipped right over it because I thought that if she said it at the debate, it must be public knowledge. It was in fact top secret information, and she spewed it in front of the entire world. Military commanders are absolutely pissed. All the while she was saying Trump was Putin's friend, she helped Russia enormously by telling Russia how much time there was to get the job done.

The time she stated (which is now public knowledge - 4 minutes) is the length of time it takes the U.S. to launch after the order to launch is given by the President. It takes time for communications to happen, for weapons systems to be prepped and activated, and for a launch to happen. The total for the U.S. is four minutes. That's vital information which could land Hillary in jail TODAY for giving it out. Fat chance. The enemy is running the nation, and that enemy could care less about whether America lives or dies. Multiple felon Clinton will keep going as usual, after saying something that would be the gallows for anyone else.

2. THE OTHER BIG THING, AND IT'S A DOOZIE

Trump has announced today (in addition to last night's comments) that he will not concede no matter what.

Trump has done extensive research and knows that 87 percent of the popular vote will go to him. This, in combination with the fact that he knows the election will be stolen has caused him to revise his statement last night about accepting the election results.

Trump's new position on accepting the election results are now this: I WILL ACCEPT THE ELECTION RESULTS IF I WIN. And then the strong implication that if there is not going to be a President Trump, there is going to be a General Trump leading a civil war.

Way to go. We now know our destiny is set. There will either be a peaceful transition of America back to the people, or the blood of tyrants in the streets.

UNDERSTAND THIS: The bible clearly states that NONE of the doom prophecies at the end need to happen if the people repent, turn to god, and live under righteousness. If Trump becomes the President and bans abortions, stops the wars, and gets the people out from under the thumb of tyranny, and it actually sticks, our timeline will split and we will be on an entirely new journey. The bible clearly states this can happen, but the people have to make it happen. The bible end times story is in fact a warning against failure to make a different outcome happen.

It is a lot bigger than you think, it really is worth fighting for.

Trump will not concede a rigged election

He let them know that clearly last night. That was probably the most important thing that happened in the debate, and I am glad he did it.

If the election does get stolen, and Trump does not concede, he can legally tell his support base to rebel and take the country back. That's where it's at and I am sure the enemy is plugging lots of toilets. We are just supposed to take whatever they do and suck it up after all, RIGHT?

GET YOUR LAST AMMO, AND HAVE TONS OF GASOLINE ON HAND BECAUSE IF A CIVIL WAR BREAKS OUT THE FIRST THING THAT WILL HAPPEN IS ALL FUEL DELIVERIES WILL BE STOPPED OR BLOCKED TO PREVENT ANYONE FROM GOING ANYWHERE. Fuel is the life blood of war, without it nothing happens. And you won't be walking in a country this big.

It will be important to know the enemy that HAS TO be taken out. That enemy is every last person who works in the MSM. ALL OF THEM. Every last one has to be taken out permanently. The enemy is all state workers in the welfare offices along with every last child snatching social worker. The enemy is ANYONE who lives within a mile of a dedicated Kosher store. IMPORTANT: THE ENEMY IS EVERY LAST PERSON WHO WORKS IN THE LIBERAL ARTS AND "RIGHTS" DEPARTMENTS AT ANY UNIVERSITY. If you run out of gas, GO THERE. The enemy is also at the top level of every school district. If they are not eliminated, they will instruct otherwise good teachers to destroy the future.

The enemy is all lawyers and employees at ALL law offices. Every last one needs to hang. The enemy is the financial district at Wall Street. The enemy is ALL judges who gave America the world's highest incarceration rate by stuffing countless people in prison with little to no reason at all. UNTIL TRUMP FIXES IT, THE ENEMY IS THE POLICE. They have to be ripped out and replaced with people who deserve respect, not low IQ tyrants who were profiled to be that, trained in Israel to enhance it and then handed a huge responsibility.

And if any rebellion does not include a total violent purge of the staff at Microsoft, Monsanto, Planned Parenthood, you might as will kiss it in the @ss, it will be ineffective.

What would be wrong to do? Wrong would be to go into the black neighborhoods and start shooting. Wrong would be to go after Latinos and start shooting. They are TOOLS, not the enemy. The enemy is FREAKING WHITE, NOT BLACK OR HISPANIC. The enemy is brilliant, scheming, and well paid. And if you take out only their tools, they will laugh, and destroy you tomorrow. The tool will sit and do nothing if no one uses it. THE ENEMY IS WHITE PEOPLE WHO WERE NOT JAILED WHEN THEY SHOULD HAVE BEEN, AND WERE ALLOWED TO GROW INTO A HIVE OF DESPICABLE MONSTERS. Correct action sure will not be a race war!

REMEMBER: TRUMP HAS EVERY RIGHT TO CALL FOR AN ARMED REBELLION IF THE ELECTION IS STOLEN. HE HAS THAT POLITICAL STATUS EVEN BEFORE TAKING OFFICE. EVEN IF HE DOES NOT OPENLY USE THAT STATUS, IF THE ELECTION IS STOLEN AND HE DOES NOT CONCEDE, BE OUT THERE KICKING ASS.

Though violence should always be the last option, we have arrived at a crossroads where it might be the only answer.

The following was posted to a popular forum:

"He spoke the truth. The spiral of history finds us once again at a new Lexington Green staring down the globalists in this, - our second war for independence. This time they wear suits and not red coats and rule from boardrooms not throne rooms. For now our bullets are ballots. God willing, that will suffice. But if not, we will not let all the lives lost to ensure our liberty to this point be for nothing."

The American people have excellent guns and know how to use them. People, do you realize that even a lowly 30/30 deer rifle a kid starts out with is superior to an AK47 when it comes to accuracy and actual impact when it hits? And virtually all Americans who own guns have fired more shots with it and practiced up better than most soldiers in this world. Do not underestimate how well both you and your weapon will perform, one thing armies lack is SKILLED SHOOTERS, all they have is full auto. The American deer hunter will absolutely kick ass when it comes to shooting effectively.

Trump web site hacked and sabotaged

This morning he's running "drain the swamp" ads and when you click them, it takes you to his web site where YET AGAIN recaptcha is blocking people. You cannot get through. If you submit a complaint and try again it (might) work, that is how I got in. Once in, Trump's web site freezes on a donate screen that you cannot get past. That would obviously be another hack. There is no way to get to anything about "draining the swamp", all the site does is pop up new windows asking you to donate. That has never happened before on that web site, and is yet another obvious hack. Gee, I wonder how that is happening.

https://82.221.129.208/basepageo4.html

AlienEyes · Oct 21, 2016 - 1:38am

tyberious

1) All lawyers are not bad. Just 97% of them.

2) The enemy is not 'all white'. Communist and socialist come in all colors. Obozo's mother and father were both communist. One black. One white. Both, a P.O.S.

3) If you dislike the CEO'S of Monsanto, Big Pharma, 'money center banks' throwing them out a window on the 47th floor won't help if the people that hired and support them are still in power. They will just hire another arse hole to take their place and we live in an ocean of arse holes.

4) "The American people have excellent guns and know how to use them. People, do you realize that even a lowly 30/30 deer rifle a kid starts out with is superior to an AK47 when it comes to accuracy and actual impact when it hits? And virtually all Americans who own guns have fired more shots with it and practiced up better than most soldiers in this world. Do not underestimate how well both you and your weapon will perform, one thing armies lack is SKILLED SHOOTERS, all they have is full auto. The American deer hunter will absolutely kick ass when it comes to shooting effectively."

You betcha ! 'The invisible army'. AKA, the NRA. smiley

You do NOT want them shooting at you !

James Crighton canary · Oct 21, 2016 - 1:46am

@canary - 11:24pm post re Larry Summers

..... in other words Canary, he's a coward - typical Khazarian.

jc

tyberious · Oct 21, 2016 - 2:21am

@AE

Not trying to be disagreeable, just to disagree but I think what Jim meant was the communist in "Power"! Soviet Communist were the party members and the gullible, ignorant and poor public following along, thinking something was in it for them. 

Truth be told Communism only forms in absence of a Democratic government and a free market economic system, which we left after Kennedy. Though it can be argued that is was under Nixon, but Kennedy was the Coup! So, though there is "no" honest political system I can understand O'bummer and his up bringing, due to their loss of faith in the US system.

We are now 50+ years forward from Kennedy and look where we are. My perspective is Obummer is just a continuation of Bush II, as the same ppl controlled each.

I guess I no longer our view systems in the mirco, as individuals are tools to the Globalist and Banksters. When viewed in Macro, I no longer place blame on any individual. The American experiment failed in 1913, but took 50 years to completely see the effects! Since 1963 it's been one coup after another, mission creep, slow take over, boiling frogs, call it what you want to. Everyone is bought off and the Federal Government is to large by a factor of 10!

Having said that, Jim is right. Gonna take my daughter to the shooting range this weekend!

All corporations these days are Pay for Play. They have closed all avenues for small businesses! Call it Fascism, Communism, but crony capitalism is not harsh enough.

tyberious · Oct 21, 2016 - 2:28am

Trump Drains The Swamp In

Trump Drains The Swamp In Final Debate

Trump Drains The Swamp In Final Debate
Brett828 · Oct 21, 2016 - 3:32am

Go Brother Nate!!!

Let's get Brother Nate on the ballot! That guy has style!

Orange · Oct 21, 2016 - 6:25am
· Oct 21, 2016 - 8:36am

Though there are some who say

Though there are some who say that technical analysis is worthless is a manipulated market, this is pretty well written and worth the time to read: https://www.silverdoctors.com/gold/gold-miners/its-rally-time-for-gold-a...

· Oct 21, 2016 - 9:21am
procog · Oct 21, 2016 - 9:31am

Thank you, Turd

for the above Ballanger article. This is the first stirring of my reluctant intuition saying "Get back in!." I have been sitting in inventory since getting out in 2008.

Here goes! (I think....)

James Crighton truther4life · Oct 21, 2016 - 9:34am

Jon Voight message - 12:41am post

Thanks Truther - a great 3 minute message from Jon Voight - a man of principle - a TRUE patriot.

jc

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Key Economic Events week of 12/17

12/17 8:30 ET Empire State Fed Manu.
12/18 8:30 ET Housing Starts and Building Permits
12/19 8:30 ET Existing Home Sales
12/19 2:00 ET FOMC Fedlines
12/20 8:30 ET Philly Fed
12/21 8:30 ET Q3 GDP final guess
12/21 8:30 ET Durable Goods
12/21 10:00 ET Personal Income, Personal Spending and Core Inflation

Key Economic Events week of 12/10

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

Key Economic Events week of 11/26

11/27 9:00 ET Case-Schiller home prices
11/27 10:00 ET Consumer Confidence
11/28 8:30 ET Q3 GDP 2nd guess
11/28 10:00 ET New home sales
11/29 8:30 ET Personal Income and Spending
11/29 10:00 ET Pending home sales
11/29 2:00 ET November FOMC minutes

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