TFMR Podcast #13 - The Straight Skinny from Gonzalo Lira


With everything in Europe seemingly coming to a head very soon, I thought it would be wise to ring up Gonzalo Lira, as he has a much better grasp of the situation than I.

In this podcast, I give Gonzalo free rein to go wherever he wants. Part of that was intentional; Turdites will recall that the Skype connection between Anytown, USA and Santiago, Chile is slow and creates a "delay" in the recording of the call. Part of it was intentional, though, as you all get plenty of my BS on a daily basis. I figured that if Gonzo was willing to give us the time, I might as well let him have the floor.

This call begins with a discussion of the mysterious trillions of bearer bonds rounded up today in Switzerland. From there, we discuss Europe and the eventual default of Greece and then conclude with some thoughts on Iran and the implications of the war that seems to be brewing.

If you enjoy this podcast, I would strongly you to consider becoming a subscriber at Gonzalo's website:

Membership has its benefits. Not only do you receive timely analysis but Gonzalo also he hosts instructive webinars for his clients about once per month.

The podcast runs a bit longer than usual at 50 minutes or so but, if you have the time over this 3-day weekend, I encourage you to listen to the entire thing.



Feb 20, 2012 - 12:22pm
Feb 20, 2012 - 12:07pm

Cheer up, Seoul_Stacker !

Long live the bond of freedom, paid in blood and frozen flesh, between free Korea and free America ! Monedas 2012 The best is yet to come !

Feb 20, 2012 - 11:39am

Sovereign Nation?

Is a country that is run by theocrats or dictators "sovereign"? I don't think so. I am not supporting an attack on Iran, as I think it would be stupid, but I don't care about whether or not they are "sovereign" that makes no sense at all - every nation is nominally that, and it does not stop them from attacking one another on occasion. Would you worry that the 3rd Reich was "sovereign" when you opposed their annexation of Europe? Or the Empire of Japan when it annexed half of China and all of Southeast Asia? Suppose neither had attacked the USA. I still believe we would have had every right to declare war on these "sovereign" nations and opposed them. That is a meaningless argument.

Feb 20, 2012 - 10:55am

Zilverreiger sounds kind of German ?

This is not an ad hominem attack, first of all ! You are not German ? I sense a middle east connection by your use of the language and your animosity towards America ? I haven't heard you say anything encouraging about Syria lately ? We would like to see your critical vision used to discover other snake pits of evil....and not concentrate so on America ! You flatter us ! I think Clinky has nailed are a one topic Hate America Troll ! You don't bother me and I will not put you on my ignore list ! (Actually, no one's on my ignore list because I think the ignore list is an admission of weakness !) I hope you stick around so we can shine the light on you and find out what makes you tick ! We will win you's just a matter of time and you will be waving the flag with the rest of us ! Monedas 2012 Just another American icon having fun for freedom !

Feb 20, 2012 - 10:41am


A great post, thanks. I agree that moving to other nations may not turn out as rosy as we may dream. I have traveled the world for decades and have only found a few isolated cities that I would consider living in apart from Washington State. My grandparent fled from the problems in the "old country" as they called it just before the first WW and lived in peace for the rest of their lives in America. It is "peace and safety" that mankind seeks more than wealth.

We also see a "great awakening" coming to America and the rest of the world. This is not a new thing, it has happened before and is a huge part of the final Answer. My grandparent received their "awakening" in 1913 and it saved our lives both spiritually and physically.

Feb 20, 2012 - 9:31am


Silverleases at -0,4045, is this it waths turd waiting for?

Key Economic Events Week of 10/19

10/19 11:45 ET Goon Chlamydia
10/20 8:30 ET Housing Starts
10/20 1:00 pm ET Goon Evans
10/21 10:00 ET Goon Mester
10/21 2:00 pm ET Fed Beige Book
10/22 8:30 ET Initial Jobless Claims
10/23 9:45 ET Markit Oct flash PMIs

Feb 20, 2012 - 9:24am

Is this wath turd is waiting

Is this wath turd
is waiting for? SILVER LEASES -0.4045

Feb 20, 2012 - 9:21am


reminds me of a basset i once had, by the name of "dragon."

Feb 20, 2012 - 7:41am


I'd also like to add, for the doubters, that there is most definitely an awakening of sorts going on. If a simple country boy like myself can navigate his way through the morass of information on the Internet these days to a blog like this, something of great magnitude is happening.

Feb 20, 2012 - 7:33am

Deeply Saddened

It deeply saddens me to see that so many Americans are thinking about bugging out of their homeland. I've spent the majority of my adult life living abroad, in both Europe and Asia, with treks through the ME, and things are no better there.

If you're thinking about moving to Brazil because you like scantily clad coeds, sandy beaches and warm weather, that's one thing. But if you're bugging out of the US because you're worried about your safety, or the safety of your personal assets, that's another thing altogether and it deeply troubles me. Have any of you guys actually contemplating such a move ever lived abroad, say in Europe where you have to pay 60% taxes? And for what? Socialized healthcare and block vacations? No thanks!

I also stand firmly with ClinkinKY. For all of the eggs thrown at Uncle Sam's face these days (some warranted, some not), the United States holds within its borders some of the nicest and most caring people on this planet, and Americans have a right to be proud of that fact.

For sure, that does not excuse some of the abuses of our government, but I venture to say that there has never been a more benevolent nation in the history of this world, definitely not one that has wielded the kind of world dominating power that the United States currently does.

I ask you this: what nation is going to fill the vacuum of a declining and retreating United States of America? Will it be a nation you would want to live in? Will it be a nation you trust? Think about that long and hard before you wish for the wall to come crumbling down.

Subscribe or login to read all comments.


Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 10/19

10/19 11:45 ET Goon Chlamydia
10/20 8:30 ET Housing Starts
10/20 1:00 pm ET Goon Evans
10/21 10:00 ET Goon Mester
10/21 2:00 pm ET Fed Beige Book
10/22 8:30 ET Initial Jobless Claims
10/23 9:45 ET Markit Oct flash PMIs

Key Economic Events Week of 10/12

10/13 8:30 ET CPI and Core CPI
10/14 8:30 ET PPI
10/14 9:00 ET Goon Chlamydia
10/15 8:30 ET Philly Fed
10/15 8:30 ET Empire State Idx
10/15 8:30 ET Import Price Idx
10/16 8:30 ET Retail Sales
10/16 9:15 ET Cap Ute & Ind Prod
10/16 10:00 ET Business Inv

Key Economic Events Week of 10/5

10/5 9:45 ET Markit Svc PMI
10/5 10:00 ET ISM Svc PMI
10/5 10:45 ET Goon Evans
10/6 8:30 ET Trade Deficit
10/6 10:00 ET JOLTS job openings
10/6 10:45 ET Chief Goon Powell
10/7 2:00 ET Sept FOMC minutes
10/7 3:00 ET Goon Williams
10/8 8:30 ET Initial jobless claims
10/9 10:00 ET Wholesale Inventories
10/9 12:10 ET Goon Rosengren

Key Economic Events Week of 9/28

9/29 8:30 ET Advance trade in goods
9/29 9:00 ET Case-Shiller home prices
9/29 10:00 ET Consumer Confidence
9/30 8:15 ET ADP employment report
9/30 9:45 ET Chicago PMI
10/1 8:30 ET Personal Income and Spending
10/1 8:30 ET Core Inflation
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/2 8:30 ET BLSBS
10/2 10:00 ET Factory Orders

Key Economic Events Week of 9/21

9/21 8:00 ET Goon Kaplan
9/21 10:00 ET Goon Evans
9/21 Noon ET Goon Brainard
9/21 6:00 pm ET Goon Williams & Goon Bostic
9/22 10:30 ET Chief Goon Powell on Capitol Hill
9/22 Noon ET Goon Barkin
9/22 3:00 pm ET Goon Bostic again
9/23 9:00 ET Goon Mester
9/23 9:45 ET Markit flash PMIs for September
9/23 10:00 ET Chief Goon Powell on Capitol Hill
9/23 11:00 ET Goon Evans again
9/23 Noon ET Goon Rosengren
9/24 1:00 pm ET Goon Bostic #3
9/24 2:00 pm ET Goon Quarles
9/24 10:00 ET Chief Goon Powell on Capitol Hill
9/24 Noon ET Goon Bullard
9/24 1:00 pm ET Goon Barkin again & Goon Evans #3
9/24 2:00 pm ET Goon Bostic #4
9/25 8:30 ET Durable Goods
9/25 11:00 ET Goon Evans #4
9/25 3:00 pm ET Goon Williams again

Key Economic Events Week of 9/14

9/15 8:30 ET Empire State and Import Price Idx
9/15 9:15 ET Cap Ute and Ind Prod
9/16 8:30 ET Retail Sales
9/16 10:00 ET Business Inventories
9/16 2:00 ET FOMC Fedlines
9/16 2:30 ET Powell Presser
9/17 8:30 ET Philly Fed
9/18 8:30 ET Current Acct Deficit

Key Economic Events Week of 9/7

9/9 10:00 ET JOLTS job openings
9/10 8:30 ET Initial jobless claims
9/10 8:30 ET PPI
9/10 10:00 ET Wholesale Inventories
9/11 8:30 ET CPI
9/11 9:45 ET Core CPI

Key Economic Events Week of 8/31

9/1 9:45 ET Markit Manu Index
9/1 10:00 ET ISM Manu Index
9/1 10:00 ET Construction Spending
9/2 8:15 ET ADP employment
9/2 10:00 ET Goon Williams
9/2 10:00 ET Factory Orders
9/3 8:30 ET Initial jobless claims
9/3 8:30 ET Trade Deficit
9/3 12:30 ET Goon Evans
9/4 8:30 ET BLSBS

Key Economic Events Week of 8/24

8/24 8:30 ET Chicago Fed Idx
8/25 10:00 ET Consumer Confidence
8/26 8:30 ET Durable Goods
8/27 8:30 ET Q2 GDP 2nd guess
8/27 9:10 ET Chief Goon Powell Jackson Hole
8/28 8:30 ET Pers Inc and Consumer Spend
8/28 8:30 ET Core Inflation
8/28 9:45 ET Chicago PMI

Key Economic Events Week of 8/17

8/17 8:30 ET Empire State Manu Idx
8/17 Noon ET Goon Bostic
8/18 8:30 ET Housing Starts
8/19 2:00 pm ET July FOMC minutes
8/20 8:30 ET Jobless claims
8/20 8:30 ET Philly Fed
8/20 10:00 ET LEIII
8/21 9:45 ET Markit flash PMIs July

Recent Comments

by mack, 22 min 13 sec ago
by TheYeomanFarmer, 35 min 11 sec ago
by Turd Ferguson, 2 hours 5 min ago
by pc, 2 hours 12 min ago

Forum Discussion