TFMR Podcast #25 - Steve Moore of The Wall Street Journal


I met Steve Moore at FreedomFest last month and he graciously accepted the invitation to visit Turdville.

I'm confident that you'll enjoy this podcast. Keep in mind a couple of things as you listen:

  1. Steve is obviously a very nice guy and and I hope to invite him back again soon.
  2. He clearly has a partisan agenda and that's perfectly fine. Most folks do. Just because I think that O'Bomney is a shoe-in come this fall doesn't mean my guests aren't allowed to voice their opinions.
  3. In the brief time we had to speak, I felt it unnecessary to discuss the intervention and manipulation polices of The Fed. My hope is that, should we be able to visit again, we'll cover those topics then.

At any rate, Steve is a well-connected member of the mainstream media and it was a pleasure to get a chance to speak with him.



Aug 10, 2012 - 2:32pm

I cannot believe its me!

First, Why not keep up the tradition!

Thank Turd, look forward to the coin! _ and thanks to all notable contributors (Steve


Aug 10, 2012 - 2:34pm

Wow - 3 posts in one morning.

Wow - 3 posts in one morning. Looking forward to listening - I do like Steve Moore!

... and, ohh .. look, I got the Silver Position on the podium!!

Aug 10, 2012 - 2:36pm

The Mayor has been busy today!

Good grief, Turd. It's hard to keep up .... and that's a good problem to have. I learn more here by accident than on other websites by design. My biggest problem is getting anything else done. Happily, my bride is out of town. RECESS!

wax off

Aug 10, 2012 - 2:46pm
Aug 10, 2012 - 3:11pm
Aug 10, 2012 - 3:21pm

sixth and no medal

LULZ for the great athlete who appears to cover her silver.

Silver is great.

Anyone got the mass of the medal and how much the melt value is?

So, is there a "numismatic" premium on that type of non-currency medallion?

I'm sure there is.

The Death Ceiling
Aug 10, 2012 - 4:12pm

Medal Composition

If I remember rightly, they weigh about 10 oz.

The Gold medal is a staggering, wait for it.... 1.34% gold. (c. 6 grams!)

Dagney Taggart
Aug 10, 2012 - 4:14pm


$260 melt?

Ebay: Considering the gravity of the situation, I'd pay $10,000.

Aug 10, 2012 - 4:18pm

Germany and the Nuclear Option

This could very well have been in the works for a while now.

Consider that back in late 2011 Fortress Paper, announced the signing of new banknote paper orders at it's Landqart mill in Landquart, Switzerland. Chad Wasilenkoff, CEO of Fortress Paper commented: "Bidding on this volume would not have been possible at our Landqart mill, prior to our recent PM1 banknote machine upgrade, which increased our overall annual production capacity from 2,500 to 10,000 tonnes."

I know paper weighs a lot when measured in large volumes, but 10,000 tonnes of banknotes is a lot of fiat currency! Could this be an order for the new German mark? Very curious? Something is coming to a head. Soon.

Maybe something for Steve Moore to pursue?

Turd, thank you for the podcast. Have a great weekend.

Big Buffalo
Aug 10, 2012 - 4:36pm
Aug 10, 2012 - 5:34pm

steve moore is awesome

I remember in 2009 when he told larry kudlow that he was 100% in gold coins. he would be doing well if he still was, wonder how he still thinks about gold?

Aug 10, 2012 - 6:02pm

This guy is a flunkie

A trained pet. A dead parrot. Not worth wasting time listening to. I'm going to go waste time more efficiently now.

Aug 10, 2012 - 7:21pm


Sorry in advance for the ugly circles! All previous bottoms on the GDX have been equal or lower than the previous one. Here though, it seems like it's turning around higher than the May bottom, while RSI and MACD are moving into positive territory. This could potentially be what we have been waiting for in the shares. Next target 48...when it clears the 50-52 area things can start happening quickly.

Aug 10, 2012 - 9:35pm

6 grams of gold !

I've got a gold crown with more than that ? I think I'll change it out for tungsten .... tough as nails ! Monedas 1929 Comedy Jihad Honorary Potty Trainer

Aug 10, 2012 - 9:58pm

Steeve Moore is a mild mannered, classy guy !

I'm amazed how he preserved his decent manner in that MSM snake pit .... that is what character is all about ! Single6, I wouldn't worry about Steve's stack .... the rate of recitivism back to fiat after being 100% into Gold coins has got to be pretty low ? Monedas 1929 Comedy Jihad Low Grade Humour For Retarded Hoarders

Aug 10, 2012 - 10:02pm

Why is it impossible to delete a duplicate post ?

It's like soiling your pants and the teacher won't let you go to the Turdroom to clean up .... just to teach you a lesson ?

Mariposa de Oro
Aug 11, 2012 - 12:14am


Hello Turdville,

My friend and I are expats. She is heading to the USA in a few months. While she is there, she plans to clear out her safe deposit box. It contains silver bullion. She did not mention how much, but asked if she'll need documentation to bring it out of the USA. She is a legal resident here. Does the $10,000 cash rule apply? I'm not sure if its coins, ingots whatever. Does she need to contact US Customs ahead of time? Any advice is appreciated. Thanks!

Aug 11, 2012 - 12:22am

Romney breaking wind ... um, breaking news ...

Paul Ryan, it seems, will get the nod for VP running mate. Works for me.

wax off

Short Stack
Aug 11, 2012 - 12:42am

Re: Question

Since no ones answered your question I'll give it a go. Don't quote me on this. Always double check info as rules and laws change on a whim of govt. these days, but last I heard the $10,000 rule only applies to cash and coin not bullion.

If anyone knows otherwise they will no doubt speak up but probably not till morning.

Mariposa de Oro Short Stack
Aug 11, 2012 - 2:12am

Thanks SS

Appreciate it! :o)

Big Rocks Mariposa de Oro
Aug 11, 2012 - 2:54am

@Mariposa de oro

There is always risk crossing borders -either side.

driving or flying?

Safest thing is to ship it and if necessary use a broker. Per Santa's advice.

if it were me I'd stay under the $10k and make sure there's no customs on the other side to deal with.

It's declarable and subject to seizure if not declared upon entering most countries.

gold is much easier

good luck

El Gordo
Aug 11, 2012 - 6:27am

Similar question

I've asked a couple of times before, but since ASE's carry a face value of $1, can you take 9,999 of them with you without declaration? When preparing financial statements, I list the ones that survived the canoe crash at par, but I'd be interested to know how customs would looks at it.

Dagney Taggart
Aug 11, 2012 - 1:46pm


Yes. Any cash and goods purchased over 10K must be declared. The face value of ASEs and Maples is irrelevant. It will still be taken if found.

Big Rocks nailed it. Trade it for gold before leaving. Some LCSs will do a GS swap and the benefit they get is greater liquidity.

Mariposa de Oro Dagney Taggart
Aug 11, 2012 - 2:42pm

DT, Big Rocks, SS

Thank You All! I have the solution to her problem and the input from all of you got me there! I know what I will advise her to do. Thanks again!

Urban Roman
Aug 11, 2012 - 4:04pm


Reagan didn't improve anything.

From the October Surprise to Iran Contra to BCCI to Middle East policy to the Savings & Loan thingie, Reagan put the country on the path it is on today. Since then, we have had one form or another of Reaganomics. Just waste energy and degrade the natural world and try to "grow" our way to prosperity! Camacho is just another reaganite!

It is, in fact, the road to catabolic collapse.

Which shall be proven in due time.

thurd aye Mariposa de Oro
Aug 11, 2012 - 4:05pm

moving phizz

I would be very careful accepting advice for your friend about changing to gold. In the USA it may be different ,but in RSA the limit on gold is R5000,about $600.I have been busy looking to take face value in silver out,now I see changing to gold would be 'easier'. I am not so sure this is correct.Please take a second opinion if you can before embarking on a venture that could see your friend's savings disappear at the border.And good luck.

Dagney Taggart
Aug 11, 2012 - 6:33pm


There's some good advice from thurd aye. Much depends on the modes of transit to your destination. And since it is leaving the US, it is more appropriate to know the laws there, not in the US. Going between the US and Canada, it is the market value, not the face, that matters. At least in the eyes of the inspector.

Aug 11, 2012 - 7:24pm

Hey turd, silverdoctors was listed as malicious site today

by google chrome. This happens more and more to sites I visit, so don´t be surpriced if it happens here as well.

Perhaps the next step will be to list it as terrorism. Just saying what my browser told me.

Jeremiah Jr
Aug 11, 2012 - 7:43pm

Interesting Take

Not familiar with these guys prior to this video, but this is a very interesting perspective on the past few weeks & events.

Many of you on this site have several of the pieces........ just connect the dots.

Draw your own conclusions.

Sackcloth&Ashes Obama CONFIRMS COVENANTonTISHA B'Av The 9th of Av A day of CALAMITY!
The Watchman
Aug 11, 2012 - 8:11pm

The World is getting Crazier by the minute


Man arrested for not smiling at Olympics

Thrown to the floor and handcuffed just as Olympic cyclists passed by

  • Daily Mail
  • Published: 17:41 August 9, 2012

London: A father with Parkinson’s disease was arrested as he watched the Olympic cycling road race because he ‘failed to smile or look like he was enjoying himself’.

Mark Worsfold, a martial arts trainer and former soldier, claims that he was thrown to the floor and handcuffed just as cyclists passed by.

His worried wife Nicola only found out he was being held after she reported him missing when he did not turn up for their daughter’s ninth birthday party.

The 54-year-old had his fingerprints, DNA and mugshot taken before being questioned about why he did not appear to be enjoying the event on July 28.

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Police said Worsfold, who was held for over five hours, was arrested because of ‘his manner, his state of dress and his proximity to the course’. A spokesman added that the arrest was necessary to avoid a breach of the peace because he was standing near a group of protesters.

But Worsfold, who was diagnosed with Parkinson’s in 2010, said that one of the symptoms of the disease is muscle rigidity, which can cause his face to become expressionless and mask-like.

Worsfold, who had stopped to watch the men’s road race in Leatherhead, Surrey, after holding a Taekwondo demonstration nearby, said officers told him he was being arrested and taken to Reigate police station because he was not smiling.

‘I was sitting minding my own business,’ he told a local newspaper. ‘Before I knew anything the police grabbed me off this seven-foot wall, threw me to the floor and cuffed me so all I saw of the cycle race was between the feet of people from the pavement.

‘It could have been done better. I was arrested for not smiling. I have Parkinson’s.’

Worsfold, who lives in an 800,000 pound three-bedroom house in the picturesque village of Ockham near Woking, has since asked for a letter of exoneration from police.

Surrey Police said he was initially arrested on suspicion of a public order offence but was ‘given words of advice’ before being ‘released with no further action’.

A spokesman added that he was found to be in possession of a legal folding knife and several rubber knives which had been used for his Taekwondo demonstration.

The officers who made the arrest have apologized to him.

In a statement, the spokesman added: ‘He was positioned close to a group of protesters and based on his manner, his state of dress and his proximity to the course, officers made an arrest to prevent a possible breach of the peace.

‘There were a number of factors which led officers to make this arrest, including the fact the race was approaching, the heightened level of security due to the high profile nature of the event and the sheer number of spectators.’

The force has received a letter from Worsfold in which he has said he ‘fully understands and appreciates the action taken by officers’, the spokesman said.

Last night, campaigners for Parkinson’s patients said it was an example of the ‘chronic misunderstandings’ those with the condition face. Laura Bowey, of Parkinson’s UK, added: ‘Despite affecting more than 127,000 people in the UK, those with Parkinson’s are subject to chronic misunderstandings and misconceptions about the condition.

‘All too frequently people with Parkinson’s tell us how are they are accused of being drunk, or acting suspiciously as they go about their daily lives.

‘We hope that Mark’s experience will help to raise awareness of this distressing problem.’

– Daily Mail

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