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TFMR Podcast #22 - John Butler, author of "The Golden Revolution"


Of all the podcasts I've recorded, this is certainly one of the most important.

Our pal, Ned Naylor-Leyland, introduced me to John Butler a few weeks ago. I'm grateful that he did because John's new book, "The Golden Revolution", is the most important book that I've read in quite some time. At just 200 pages, the book neatly summarizes the history of global sound money, the circumstances surrounding the exit of the previous gold standard and the likely events that will effect and implement the next, global gold standard. Read this book and you will begin to understand how and why this new gold standard is inevitable.

I implore you to purchase this book for yourself and/or someone else. Father's Day is right around the corner and it would make a terrific gift, too. Most importantly, John's book is indispensable in the preparation for the end of The Great Keynesian Experiment and you simply must read it.


foggyroad · May 29, 2012 - 11:39am

Over the years I have witnessed more of these everything but the kitchen sink omnibus 425 page bills. A majority government has the votes to pass a bill, without political chicanery.

Poor audio quality but points to constituents frustration, with their elected officials voting partyline vs what most constituents want!

Revelstoke meets David Wilks Conservative MP on May 22nd part1 (Raw footage)

When it comes to politics, Canadians are generally an apathetic bunch. Often, a controversy will brew and within a week or two we forget about it and move on.

It appears Bill C-38 is one issue we're not willing to let go.

Saturday is the one month anniversary of the introduction of the so-called omnibus budget bill, a 425-page bill that amends 60 different acts, repeals a half dozen others and adds three more.

In addition to the changes to employment insurance, Bill C-38 includes controversial changes to old age security, more than 100 pages of new provisions to environmental regulations, an important alterationto the oversight of CSIS and significant amendments in laws related to fisheries, food safety, national parks and natural resource projects.

Opposition parties have repeatedly said that the bill is too big and includes changes that ought to be broken off and presented as separate legislation. But the Conservatives are forging ahead with it as-is.

While Canadians haven't hit the streets en masse yet, they are showing their dislike for the bill even one month later. On June 4, 13,000 website owners across Canada, including the NDP, PSAC and even Margaret Atwood, will be darkening their websites in protest of Bill C-38 as part of the 'Black Out Speak Out' campaign.

Craig Rogers · May 29, 2012 - 11:40am


gold get hits for $25 and the usd goes up 25 ticks.. yeah right!

Be Prepared · May 29, 2012 - 11:44am

foggyroad · May 29, 2012 - 11:45am


In another slick and precisely timed move the Harperites decided to derail the first meeting of the Parliamentary Committee looking into the environmental elements contained in the massive Bill C-38. This is the bill which is aimed at gutting objective environmental assessment in Canada and ensuring that environmental protection is a thing of the past. The three ministers made their appearance at the committee meeting without giving adequate notice to the members of the committee or to the public that they would be in attendance. They then proceeded to present three long winded statements that provided little clarification about the bill and successfully took all the time up that the opposition had, leaving barely 20 minutes to ask questions about the environmental implications and risks posed by such a massive change in direction regarding the government’s environmental policy.

When asked about the hide and seek approach to ministerial engagement in this issue they burbled on about how their presence was so important that they just could not but be there on the first day. Mr. Oliver the energy Minister opined that having the three ministers there, “can provide a comprehensive view of all aspects of the bill,” he said, “and people have the opportunity to ask us about any of those aspects.” That is, if the long winded and repetative ministers had left any real time to be used by the opposition.

If they truly were seeking to help educate the citizens of Canada and respond to the legitimate concerns of the Members of Parliament they could have simply opened the floor to questions. They have the majority, they have total control, all they need to do, if they truly respect Parliament and the citizens of Canada is respond to the questions asked. But No! They did no such thing because that is not their strategy.

Their aim was to dominate the committee and derail the opposition. They have no interest in allowing Parliament to investigate and study this bill. They will continue to limit the opposition’s capacity to do their job, for which the opposition members were elected, and they will force Bill C-38 through, using every tyrannical tool they can find to ensure that their corporate agenda and ideological policies become the law of the land.

Dr. Coco McGlinty · May 29, 2012 - 11:45am

pow , have that, down we go 

Be Prepared · May 29, 2012 - 11:47am

Craig Rogers · May 29, 2012 - 11:50am

BAd news should be good news for gold..

gatortrader · May 29, 2012 - 11:52am

It's around the corner. All the talking heads talking about the ridiculous short position is making average retail that a huge short squeeze is around the corner. Not yet, its going down hard and quick, prob hit by thursday, will take the PMs and all commodities for the ride. Fri Jobs will look to be real bad, dollar will weaken, PM rally on QE hopes. Hopefully we find a bottom this week, hopefully gold will bottom for the 4th time around the 1520s. This is the setup, prelude if you will, for a prob FED intervention in June, they will be "forced to". Fireworks just starting, going to be a wild week.

Be Prepared · May 29, 2012 - 11:52am

Just waiting for Chase... to have their hand out for another cash infusion.

Dr. Coco McGlinty · May 29, 2012 - 11:54am

algos tripped now, htf baby ! lookm out 1550 and 27.50

Craig Rogers Dr. Coco McGlinty · May 29, 2012 - 11:56am

they killed the metals.. I guess we know why now they lowered margins.. to pile on more shorts.

Lincoln Hahn Be Prepared · May 29, 2012 - 12:02pm

Dependency means free "Depends" on demand ! "This is what my son's fists would look like !"....B. O. Juice Monedas 1929 Comedy Jihad Condominium Security Patrol devil

Mickey Silverstone · May 29, 2012 - 12:04pm

about how the fed may do more twist, or QE#--so somehow that was used to trigger paper selloff

its their bat and ball folks--for now--by the time the regular folks have control this entire economy and society will really be messed up

ivars · May 29, 2012 - 12:16pm

With this colorful image I wanted to show that in log scale, where silver for 10 years follows its natural exponential growth trend ( which is straight line in log chart) , silver has only ONCE erupted outside the down limit of a channel on which it rests also now.

At the same time, with last 3 minimums it is playing around 50% fibo retracement from the whole ascent since 2002. That is quite a retreat given the fundamentals.

Will it break it again,or situation for commodities in general and silver in particular is NOT so bad as in Autumn of 2008 when USDx was around 88 for 6 months in a row?

Just need to check if it has not been broken while I post...seems not...Now fast action:

Testing different charting tools. This one is from www.freecharts.com.

silverstax · May 29, 2012 - 12:18pm

What's the latest rumor - more twisting or QEing? I thought that was supposed to lift the metals??

What an absolute joke the markets have become. Nobody is even bothering to come up with good lies or cover their tracks anymore. The brazenness is surely a sign of just how desperate things have become - it's like the Titanic is going down and these guys are running from room to room looting everything they can find before it goes under.

foggyroad Anonymous · May 29, 2012 - 12:23pm

You said

"english is my first language, but i never got to use it much. as much as i try, i know that few can relate to my posts. let's just say that i spent most of my life talking to machines. that said, i can tell you that every post here is read and saved by evil people. i probably could prove it beyond anyone's doubt. i quit posting on yeehaw because of that. i started off years ago in telecom, and rode that all the way into the IP world where we are at now.

truth is i don't care anymore, and i no longer have any fear. i am at a level spiritually that makes me unkillable. we all need to spread the truth - we have the power. we can never allow another Nazi Germany, or any of the other God forsaken manifestations of Satan on this planet again. if i am right in what i have figured out so far, it can't happen again. but all reading this must know that it is your duty to spread truth . there are consequences for all that you do. 

most of you will think i'm a nutjob , and i'm fine with that. i only hope that you consider what i have said, and remember it.

thank you all - thank you Turd."


My sincere thanks for putting into your post what I and I think, many other turdites feel! "All it takes for evil men to prevail, is for good men to say nothing!"

You Sir, are a good man!

Best regards; foggy

ivars · May 29, 2012 - 12:23pm

As with this price action there is nothing much to do, today I decided to start reading about Technical Analysis ( for the first time, would You believe that?) as I anyway like to study charts and patterns.

So I immediately came up with a bullish pattern for silver resolving all the problems about June 4th-6th:

Is is called Ascending triangle-definition from https://www.stockcharts.com:

There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation.

I have overlayed it with Brent crude to see where silver may part with commodities. May be here?

So cheer upwink!

Well, its almost broken before I managed to post it! Must draw faster! USDx moves up with a speed of light-82,55. I wander how much longer FED would accept that.

foggyroad · May 29, 2012 - 12:24pm

I hope I didn't make a mistake. Our multi party system in Canada should work well but the parties need to try a lot harder to raise the caliber of there leaders.

Surely, We can find some intelligent, sincere, charismatic, well meaning individuals to run Our affairs.

While still, respecting the principals of fair debate and pass legislation on its merit alone.

If legislation cannot stand up to debate, then it needs to changed until it fits the mores and values of the majority of Canadian voters

The means, is as important as the ends! Always!

What the hell is wrong with Our politicians, too lazy to win the day on merit, and hard work. Good legislation will overcome partisanship every time.

(Rant off)

TF the pod casts interviews are just excellent!!

ivars · May 29, 2012 - 12:26pm

At least this is a solace to me...But I did not trade on it--You know, I could havecrying:) :

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The TFMR Silver Round

Key Economic Events week of 6/11:
6/12 Trump-Kim summit
6/12 8:30 ET CPI
6/13 8:30 ET PPI
6/13 2:00 ET June Fedlines
6/13 2:30 ET CGP presser
6/14 8:00 ET Count Draghi presser
6/14 8:30 ET Retail Sales
6/14 10:00 ET Busi.Inv.
6/15 9:15 ET Ind. Prod

Key Economic Events week of 6/4:
6/4 10:00 ET Factory Orders
6/5 9:45 ET PMI Svcs
6/5 10:00 ET ISM Svcs
6/6 8:30 ET Intl Trade and Productivity
6/8 10:00 ET Wholesale Trade

Key Economic Events week of 5/28:
5/30 8:30 ET Q2 GDP 2nd guess
5/31 8:30 ET Personal Income
5/31 9:45 ET Chicago PMI
5/31 10:00 ET Pending Home Sales
6/1 8:30 ET BLSBS
6/1 9:45 ET PMI Manu Index
6/1 10:00 ET ISM Manu Index
6/1 10:00 ET Const Spend

Key Economic Events week of 5/21:
5/22 10:00 ET Richmond Fed
5/23 9:45 ET PMI Composite
5/23 10:00 ET New Home Sales
5/23 2:00 ET May FOMC minutes
5/24 10:00 ET Existing Home Sales
5/25 8:30 ET Durable Goods
5/25 9:20 ET Chief Goon Powell speech

Key Economic Events week of 5/14:
5/15 8:30 ET Retail Sales and Empire State Fed
5/15 10:00 ET Business Inv.
5/16 8:30 ET Housing Starts
5/16 9:15 ET Industrial Production
5/17 8:30 ET Philly Fed

Key Economic Events week of 5/7:
5/9 8:30 ET PPI
5/9 10:00 ET Wholesale Trade
5/10 8:30 ET CPI
5/11 8:30 ET Import/Export Prices

Key Economic Events week of 4/30:
4/30 9:45 ET Chicago PMI
4/30 10:00 ET Pend Home Sales
5/1 9:45 ET PMI and ISM Mau Idx.
5/1 10:00 ET Const. Spending
5/2 2:00 ET FOMC fedlines
5/3 9:45 ET PMI/ISM Svcs.
5/3 10:00 ET Factory Orders
5/4 8:30 ET BLSBS

Key Economic Events week of 4/16:
4/16 8:30 ET Retail Sales, One Fed Goon speech
4/16 10:00 ET Business Invt.
4/17 9:15 ET Industrial Prod., Four Goon speeches
4/18 Two Goon speeches
4/19 8:30 ET Philly Fed, One Goon speech
4/20 Two Goon speeches

Key Economic Events week of 4/9:
4/10 8:30 ET PPI
4/10 10:00 ET Wholesale Trade
4/11 8:30 ET CPI
4/11 2:00 ET March FOMC minutes
4/12 8:30 ET Imp/Exp Prices
4/13 Fed Goon Speeches...Rosengren 7:30 ET, Bullard 9:00 ET, Kaplan 1:00 ET

Key Economic Events week of 4/2:
4/2 9:45 ET PMI Mfg Idx
4/2 10:00 ET ISM Mfg Idx and Construction Spending
4/4 9:45 ET PMI Svcs Idx
4/4 10:00 ET ISM Svcs Idx and Factory Orders
4/5 8:30 ET Intl Trade
4/6 8:30 ET BLSBS

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