TFMR Podcast #18 - The Return of Ranting Andy

136

Late on Thursday, I had an opportunity to visit again with "Ranting" Andy Hoffman of Miles Franklin.

When we last spoke back in December, the metals were making lows and were soon to recover. As fate would have it, in the time since, we've seen a tremendous rally that led to the "Leap Day Violation" and subsequent pressuring of the metals all the way to the lows of this past Wednesday. So, under similar circumstances to last December, Andy and I discuss market manipulation, the godforsaken miners and the question of whether silver is money.

I'm quite certain that you'll enjoy this podcast.

TF

  136 Comments

  Refresh
Larry
Apr 30, 2012 - 7:44am

Tabberto, They Live... next door.

Tabberto, and there I thought I was the only one that ever watched that movie. I've reflected on it many times in relation to the state of denial/normalcy bias prevalent in the world today on many issues including economy, currency, religion (mostly in the indoctrinated, entitled and comfortable Western Empire). I've even referenced it a few times... to no avail. Hard for many (most) folks to see the parallel if they don't see the problem. Anyway, it's a great story, especially for a low budget B-movie. I've often thought it would be a good film to redo. Less fights, more social study.

Seems the revealing sunglasses used in They Live are rejected because the rose-colored glasses are so much easier to wear, more familiar, more comfortable and more widely accepted. Much like the red and blue pill. It's a recurring theme that will one day be looked back on and, instead of ridicule, we'll hear words like "visionary".

Along the same lines, I saw a Nietzche quote recently browsing around somewhere that sums up the 'condition' pretty succinctly:

"Sometimes people do not want to hear the truth because they do not want their illusions destroyed."

Tabberto
Apr 30, 2012 - 1:21am

Martenson: I managed

just a few pages of the tosh over at CMartenson's blog. What a shame for him to have such a bunch of zombie-like automatons crawling all over his blog. Go turdland!

One small observation on it: The 'Erik' individual at the beginning manages to contradict his initial flaming by the end of the very first page - he claims GATA, Ted Butler etc are charlatans and then says that he essentially believes Rickards who says that the Gold market is 'managed'.

One big observation: All you have here is a simple phenomenon. Many of us here struggle with it for very understandable reasons. A whole load of people (sorry, let me re-phrase) almost everyone not on TFMR, still believe that the system is essentially benevolent. As such they will fight you tooth and nail to hang on to their perception of how the world works. It is truly exactly like the fight scene from They Live, referenced by a few people lately:

They Live - Best Fight Scene Ever.

With the exception of the ultra-weasel Christian and his like, most people just refuse to accept there is an EE, despite truly overwhelming evidence being available everywhere you look. This is because their entire filter on life, all the fuzzy memories, all the ego massaging, is shown up as a worthless sh*tshow of brainwashing. Most people are not strong enough to take this and even more so, those with big egos built up in their sense of 'intelligence' will fight just like the guy in this film, do ANYTHING not to put the sunglasses on. Our job is just to keep trading toe to toe until they give in, show that our visceral determination outguns theirs. Eventually everyone gives in and puts the shades on because the truth is like a virus, you can pretend you didn't hear it, ignore it, laugh at it, but eventually it takes over and infects you from the inside. Keep up the good work everyone!

ReachWest
Apr 29, 2012 - 10:26pm

Reach West

"I find the tone of the comments in that CM thread to be exceptionally paternalistic. The PM blogosphere seems to have become infiltrated with these "all knowing" anti-GATA types, of late."

​This is absolutely true. I sense a loosely coordinated plan to infiltrate sites like ours, with the intention of sowing discord and doubt.

I know who these people are and I'm watching them very closely. Kudos to Xty, Tabberto et al for confronting them.

wondererGeorge Clooney
Apr 29, 2012 - 7:04pm

Very good, Xty - you picked

Very good, Xty - you picked up on the same diatribe, then VictortheCleaner et all chiming in.

For whatever it is worth, having read as much as my aging brain can take in, no one really knows how all this is going to play out, and out-arguing, name-calling, questioning motives, and bloviating hagh-faluting technical jargon on web forums is a waster of finger energy.

I was not impressed with the screeds, particularly when it all boils down to the "long-run", when metals in one's personal possession seems the most sensible guess.

Could this go wrong, sure. But given the mess we are in, what other choice do we poor ignoramuses have?

recaptureamerica
Apr 29, 2012 - 6:40pm

Societal and or financial

Societal and or financial collapse will bring here what it brought in the countries that have experienced those events. In Greece, people are pulling together and starting a bartering system outside their collapsing financial system. A Mad max scenario won't happen unless the whack jobs push the wrong buttons. Most people and cultures are surviving despite earning a dollar or two a day. It won't be easy, but most will survive, IMO. Metal Gold and silver, prepping will aid ones ability to handle better what's coming. Proper Planning Prevents Piss Poor Performance

BobbejaanGeorge Clooney
Apr 29, 2012 - 6:38pm

I used to be a Secret Womble Father Xmas

Quote:
Xty said :-

That is strangely fantastic. I don't really need to know, but how did you know that existed? Or did you stumble upon it through a google search?

Back in the 70's, I used to go to college nearby & lived in student digs right by Wimbledon Common (where some filming took place) at the time when the Wombles were "all the rage", and I ended up dating a girl from the womble-crew for a while, and I was around for (but not in) some bits of the filming ....

... I was never one of the official wombles, but I did do a stint for a couple of years delivering prezzies to local kid's hospitals (on my motorbike-reindeer & dressed in a life size womble costume ), and when the Wombles went out of fashion I used to do the same sort of xmas-deliveries in "standard" santa-costume .... apart from the enjoyment the kids got out of it, I used to get a real blast from doing such things as it allowed me to ride & tyre-smoke my bike in a multitude of places where I would have otherwise certainly have got "well nicked & jailed" for doing so (such as the INSIDE of hospital corridors & wards, the Central Hall of the Science Museum, the Royal Sea Bathing, etc. [BIG GRIN])

.

So now you know my sordid past as a Secret Superhero Alter-Ego ... I was the mad Ex-Womble Biker that some ex-kids still have nightmares about.

bamGreen Lantern
Apr 29, 2012 - 6:19pm

Totally agree, GL.I maintain

Totally agree, GL.

I maintain that if there is a societal collapse, owning gold could even become a liability. If it was indeed still valuable as a means of barter, then the moment you 'showed your hand', you'd probably followed and your stash taken from you. Or shot on the spot.

For the societal collapse scenario, only guns and stored food matter. There wouldn't be much if any farming, as their would be no market, and ergo no oil. The farms that were around would be targeted for raids.

Now your gold might help your relative wealth once society eventually emerges on the other side.

jmo

ReachWest
Apr 29, 2012 - 6:19pm

Obfuscation

@ Wonderer / Xty / IndigoStar7: I agree!

I find the tone of the comments in that CM thread to be exceptionally paternalistic. The PM blogosphere seems to have become infiltrated with these "all knowing" anti-GATA types, of late.

Re the LBMA/COMEX,etc: I believe that the more complex a system is - the more likely it is that manipulation may be occurring and that the complexity (often times) is purposely designed to obfuscate and enable nasty behaviour by the select few.

Visit the FAQ page to learn how to track your last read comment, add images, embed videos, tweets, and animated gifs, and more.

Apr 29, 2012 - 5:52pm

wonderer - I sensed your need

how's that for subtext - obviously I added the bold face. But it is almost breathless - and that would be the same first poster, I am pretty sure, that I am quoting from later on. His first post was so long I stopped reading it.

¤
Apr 29, 2012 - 5:46pm

ReachWest

Checked that out and saw it as an ego stroking event except for some spot on Turdite posts.

Talk about circular dis-info or a maelstrom of facts with no solid foundation or direction. I felt bad for that Jim H. guy who was getting a shovel full of it from that Erik guy over there.

It just reaffirms why I like this site and stay here. I see ivars made it over there recently.

Cool stuff ivars I hope to see silver scream upwards also very soon.

Subscribe or login to read all comments.

Contribute

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

Forum Discussion

by Pete, Oct 25, 2020 - 8:55pm
by Green Lantern, Oct 25, 2020 - 3:35pm
by 11IMIX, Oct 25, 2020 - 2:34pm
randomness