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 18, 2012 - 10:04am

LIESman talks about 6 trillion in fake US bonds

6 trillion in fake government bonds seized

3 earlier cases of fake paper found in Italy...

Is all paper worthless??

Be Prepared
Feb 18, 2012 - 10:03am

Breaking Down Our World View....

I don't know a country today where I could say that "The Government of a Nation" = "The Values of the People being Governed".... we, who are of the same world, have been and are being controlled by huge bands of wealth and influence that have been in place...certainly for last hundred years...maybe longer. All of us have been fed a myriad of culture views designed to imbibe us with a nationalistic or patriotic mind set. The best way to be controlled is to allow your opponent to set the conditions of the battlefield and its location. We each are given a sense that we must defend our lines regardless, but its a hard thing to challenge yourself to understand "whose line is this?".... We are given words "Democratic vs. Republican" "Labour vs. Conservative" "Left vs. Right" "White vs. Black" "Neighbor vs. Neighbor".....

I am not saying that all of the beliefs we hold are part of a control scheme, but all of us have been educated, influenced and subjected to a lot of media, public schools, tv, radio... so its not always easy to discern what has wormed and twisted its way through our real beliefs. When I enlisted in the Army, I thought that giving service to country was a good and noble cause... and it can in the hands of good and noble leaders. When I was sent half-way around the world to fight.... even on the C-130, I wondered why are we fighting here? My point is that we are born in the Matrix and everything tastes like "Chicken." I support and believe in active discussions because they can be extremely healthy as they allow us all to rework past conclusions.

The road ahead for us, in order to be successful, is going to need to be about pushing back the veils of our puppeteers and expunging them from control over our lives.... if that is even possible. Regardless of our country of origin... much of what is happening to us is being controlled by a vicious ring of banks and corporations.... and the politicians they have bought to enact their desires. We aren't always going to agree here, but we must support each other's journey which may be quite different than our own. Thanks, as always, for allowing me to put some words out for you to ponder... as I ponder yours. :-)

Feb 18, 2012 - 9:48am

PIGS and Iranian Oil imports

I'm with you Turd...I think there is definitely too much coincidence in what Gonzalo mentioned about Greece, Portugal, Spain, Italy importing a decent % of their oil from Iran. I've been extremely busy at work this week, so I don't know if this was already discussed a couple days ago with the multi-posts on main street, as I haven't made it back that far yet, but I had to look into it and already Iran is stopping exports...

Even if this is just a perception thing and it's propaganda...somebody at a minimum wants the perception that Greece, Portugal, Spain, and Italy will come on even harder times and have this converging bad news from the banking system and oil now. I don't know what that means exactly, but Gonzalo just ignored your coincidence, and I think that's a bad move. Maybe the PIGS are supposed to come on extremely hard times for them to instigate aggression. The people in Greece are already on edge. Maybe it's all leading to reasons why they need to exit the Euro? I don't know, but now I'm interested in following that idea.

What would high oil prices and an even worse economy in the PIGS do that hasn't been already addressed with the debt issues?

To me, if this was legit, and Iran was doing this as policy, it just seems like the PIGS would either need WAY more money to stay afloat, or it would accelerate the timing of the country's defaulting. At least on the surface. But what's the benefits to either one of those things happening? There's got to be something else. Some other reason that isn't obvious.

Are they pawns and supposed to attack Iran making it a "Worldwide" problem? Seems unlikely any of those countries would attack Iran over oil imports. If the PIGS could point the finger to Iran and say they are the reason for their problems and not the banking/debt system, I would think that would be plausible.

Perfidious Albion
Feb 18, 2012 - 9:32am

A taste of Iran..

Quick spread the culture whilst it lasts....

The Classical Music of IRAN ؛ Samples in Dastgah System

Persian traditional music (also known as Iranian traditional music, mūsīqī-e sonnatī-e īrānī, or Persian/Iranian classical music, mūsīqī-eaṣīl-e īrānī) is the traditional and indigenous music of Iran: mūsīqī, the science and art of music, and moosiqi, the sound and performance of music. Iranian classical music relies on both improvisation and composition, and is based on a series of modal scales and tunes which must be memorized. Apprentices and masters, ostad, have a traditional relationship which has declined during the 20th century as music education moved to universities and conservatories.[citation needed] The common repertoire consists of more than two hundred short melodic movements called gusheh, which are classified into seven dastgāh or "modes." Two of these modes have secondary modes branching from them called āvāz. Each gusheh and dastgah has an individual name. This whole body is called the Radif of which there are several versions, each in accordance to the teachings of a particular master or ostad. A typical performance consists of the following elements pīshdarāmad(a rhythmic prelude which sets the mood), darāmad (rhythmic free motif), āvāz (improvised rhythmic-free singing),taṣnīf (rhythmic accompanied by singing, an ode), Chahārmeżrāb (rhythmic music but rhythmic-free or no singing), reng (closing rhythmic composition, a dance tune). A performance forms a sort of suite. Unconventionally, these parts may be varied or omitted. Towards the end of the Safavid Empire (1502-1736), more complex movements in 10, 14, and 16 beats stopped being performed. In fact, in the early stages of the Qajar Dynasty, the uṣūl(rhythmic cycles) were replaced by a meter based on the ghazal and the maqām system of classification was reconstructed into the Radif system which is used to this day (see Dast'gāh). Today, rhythmic pieces are performed in beats of 2 to 7 with some exceptions. Rengs are always in a 6/8 time frame. Many melodies and modes are related to the maqāmāt of the Turkish classical repertoire and Arabic music belonging to various Arab countries, for example Iraq. This similarity is because of the exchange of musical science that took place in the early Islamic world between Persia and her neighboring countries. During the meeting of The Inter-governmental Committee for the Safeguarding of the Intangible Heritage of the United Nations, held between 28 September -- 2 October 2009 in Abu Dhabi, radifs were officially registered on the UNESCO List of the Intangible Cultural Heritage of Humanity.[1][2][3][4]
The classical music is vocal based. The vocalist plays a crucial role: she or he decides what mood to express and which dastgah relates to that mood. In many cases, the vocalist is also responsible for choosing the poems to be sung. If the performance requires a singer, the singer is accompanied by at least one wind or string instrument, and at least one type of percussion. There could be an ensemble of instruments, though the primary vocalist must maintain hers or his role. In some taṣnīf songs, the musicians may accompany the singer by singing along several verses. Traditionally, music is performed while seated on finely decorated cushions and rugs. Candles are sometimes lit. The group of musicians and the vocalist decide on which dastgahs and which of their gushehs to perform, depending on the mood of a certain time or situation. Archeological evidence[citation needed] reveals musical instruments that were used in Iran during the Elamite era around 800 BCE.
Iranian classical music continues to function as a spiritual tool as it has throughout its history, and much less of a recreational activity. Compositions can vary immensely from start to finish, usually alternating between low, contemplative pieces and athletic displays of musicianship called tahrir. The incorporation of religious texts as lyrics were replaced by lyrics largely written by medieval Sufi poets, especially Hafez and Jalal-e Din Rumi

Feb 18, 2012 - 9:12am

Exactly Smiddywessonthats

Exactly Smiddywesson

thats why its so rediculous you guys are still defending the USA, and dont give us the wir haben es nicht gewusst cop out

Feb 18, 2012 - 8:56am

That's enough

I'm outta here while you guys fight. I have lot's to do today to get ready for the debauchery in New Orleans this weekend.

One little insight.

You can hate the baby boomers, but under a two party system controlled by central bankers, there was nothing an individual could do to prevent this.

You can hate the politicians, but under a system controlled by central bankers, there was nothing a single politician could do to prevent this.

Finally, you can hate the Americans, but central bankers have taken over the world, so if you think the Germans would have done any better if they won WWII, or the Soviet Union if they had overwhelmed the West, you are out of your minds, because central bankers run everything. Countries don't matter. People don't matter. All that matters is central bankers own us all.

I would think that was clear by now.

Perfidious Albion
Feb 18, 2012 - 7:17am


Is it not strategically important geo political location overlooking all those lovely pipelines across former Yugoslavia and what a wonderful view south east across the Aegean must be a good place for a few new military bases. Macedonia next..

Feb 18, 2012 - 7:03am


You know, Clinkin, what you said here about the American people who are not part and parcel of this abomination and the majority of whom who have resisted it only to find that their clearly expressed directives resulted in nothing more except more of the same digression into despotism resonates with me. Our shepherds have abused the sheep over whom they have been given power. Us sheep have had little choice other than self-immolation that probably would have had little effect other than destitution of our families. It makes me angry that these evil men have stolen our wealth and used it to buy their way into total power over the world's economic system, and from that they are proceeding to near complete control of the earth, but we get blamed for what we in no way wanted in the first place.


Feb 18, 2012 - 6:36am



Feb 18, 2012 - 6:30am

@ punchbowl

You're right, there is no "America bashing" post on this thread. The impetus for my post was Moderator Jefferson's post admonishing another poster for bashing another country. I merely extrapolated to vent on my feelings of posts on other threads which seem to be increasing in light of current events. My complaint is with people who want to "hold accountable" ALL American citizens, instead of the idiots who enable the "rogue" government. If you choose to interpret my post as "phony pride" rather than "defending the American people" who are not part and parcel of this abomination (and so far do not have the necessary numbers to remedy it), then yes, this is an "improper discernment".

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Key Economic Events Week of 11/23

11/23 9:45 ET Markit flash PMIs
11/23 1:00 ET Goon Daly
11/23 3:00 ET Goon Evans
11/24 9:00 ET Case-Shiller home prices
11/24 10:00 ET Consumer Confidence
11/24 11:00 ET Goon Bullard
11/24 12:00 ET Goon Williams
11/24 12:45 ET Goon Chlamydia
11/25 8:30 ET Q3 GDP 2nd guess
11/25 8:30 ET Durable Goods
11/25 10:00 ET Personal Inc and Spend
11/25 10:00 ET Core inflation
11/26 US Market holiday

Key Economic Events Week of 11/16

11/16 2:00 pm ET Goon Chlamydia
11/17 8:30 ET Retail Sales
11/17 8:30 ET Import Price Index
11/17 9:15 ET Cap Ute and Ind Prod
11/17 10:00 ET Business Inventories
11/17 1:00 pm ET Chief Goon Powell
11/18 8:30 ET Housing Starts
11/18 1:20 pm ET Goon Bullard
11/19 8:30 ET Jobless claims
11/19 8:30 ET Philly Fed

Key Economic Events Week of 11/9

11/9 1:30 pm ET Goon Mester
11/10 7:30 am ET Goon Kaplan
11/10 10:00 ET JOLTS job openings
11/10 10:00 ET Goon Rosengren
11/11 Veteran's Day. Bond market closed.
11/12 8:30 ET CPI
11/12 11:45 ET Chief Goon Powell
11/12 2:00 pm ET Federal budget
11/13 7:00 ET Goon Williams
11/13 8:30 ET PPI
11/13 8:30 ET Goon Bullard
11/13 10:00 ET Consumer sentiment

Key Economic Events Week of 11/2

11/2 9:45 ET Markit Manu PMI
11/2 10:00 ET ISM Manu PMI
11/2 10:00 ET Construction Spending
11/3 U.S. Election Day
11/4 November FOMC begins
11/4 8:30 ET ADP jobs report
11/4 8:30 ET US Trade Deficit
11/4 9:45 ET Markit Services PMI
11/4 10:00 ET ISM Services PMI
11/5 8:30 ET Productivity & Unit Labor Costs
11/5 2:00 ET FOMC Fedlines
11/5 2:30 ET Chief Goon Powell presser
11/6 8:30 ET BLSBS
11/6 10:00 ET Wholesale Inventories

Key Economic Events Week of 10/26

10/27 8:30 ET Durable Goods
10/27 10:00 ET Case-Shiller home prices
10/27 10:00 ET Consumer Confidence
10/27 10:00 ET Richmond Fed
10/28 8:30 ET Advance Trade in Goods
10/28 8:30 ET Wholesale Inventories
10/29 8:00 ET ECB monetary policy stmt
10/29 8:30 ET Q3 GDP first guess
10/30 8:30 ET Personal Income and Spending
10/30 8:30 ET Core Inflation
10/30 10:00 ET UMich Consmer Sentiment

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
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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
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