Another 3-day Weekend? Must Be Time For Some Jackass!

276

In what has become a tradition here in Turdville, our pal Jim Willie stopped by this morning for a wide-ranging, hour long discussion. <Note: This is a free, public thread!>

This baby checks in at just over an hour so you might want to break it up into parts. Download this to your computer/ipad and, if you need some time away from the pool or the beach, put in your earbuds and go to town! Amongst the topics discussed are these:

  • The latest developments in the budding "Eur-Asian Alliance"
  • The progress the BRIC nations are making in setting up the 21st Century financial system
  • Falling U.S. interest rates and the treasury market
  • DoucheBank and the other walking, TBTF zombies

Jim has promised to join us again for our next 3-day weekend in July. Until then, this hour-long discussion should satisfy even the most starved info-junkie.

Have a great weekend!

TF

  276 Comments

  Refresh
Bollocks
May 26, 2014 - 2:08pm

20$ spike

That's gold saying "I'm fed up of this shit!"

Then the algos stepped in...

Lamenting Laverne
May 26, 2014 - 2:04pm

@ Hatter

I think that was an excellent post! Thank you!

It is good to know that you have a background in engineering and law. Both Engineers and Lawyers are professionally required to be very particular about words - the exact choice of any particular word matters. This opens up a second dimension of discussion that I cannot participate in, because I don't know the English language well enough. So I will stick to the words that are generally used already - and not apply deeper interpretation of their use as biased one way or the other - hence accepting the risk of my words being interpreted a long lines not entirely intended.

You clearly love your country and as such I can imagine that all of these blunt pokes by the "anti-US crowd" gives you a little sting in the heart every time you see them. There is a saying out there, that I think applies at least partially well to the situation. "You flog the one you love". The meaning of this is that one only spends the energy on bashing people (and countries per extension) that one actually cares about. All the others do not even get the time of one's day. I can not speak for other people, only for myself, but I would not be surprised at all to find that many of the people who are quite vocal in a "anti-US crowd" kinda way:

1) are very selective in their ire - as in the problem they have is with the US Government (and the interlinked international banking cartel), not with the people of the US.

2) have previously been firmly rooted in the camp of US admirers and cheerleaders in favour of the 250 years of personal freedom and enterprise based on the rule of law - including the recognition of inalienable rights according to natural law. And the reason the ire comes across as so unforgiving is because they feel betrayed, cheated and mislead by former ideological idols.

I generally can follow, what you write, with one main exception. It makes no sense to me that you seem to subscribe very clearly to the idea that domestic trespasses committed by what you call "Totalitarian Socialistic Fascist USSA" is indeed reality - yet at the same time you seem to believe that US Foreign Policy conducted by the very same people, who brought about "Totalitarian Socialistic Fascist USSA" domestically, were acting abroad in a completely non-nefarious - almost fatherly and altruistic - way.

Those people who have disabled habeas corpus, who have made kill lists to be executed without trial in front of a jury of peers, who have initiated surveillance of regular people of mindboggling proportions, who have allowed legal favoritism towards big businesses at the expense of small business, who have been caught lying to the American people and per extension the people of Allies, which has caused death and injury to young men and women, who were just trying to do the "right thing" for their country - those people are nice abroad and bad at home. I am sorry, but I just do not see it that way.

Personally my criticism originates from a place of love for the ideals that the US was built on - to me those ideals has been nothing less than a friggin beacon of light - and the disappointment of discovering all the lying, covert maneuvering, manipulation (yes in ALL markets - which IS being addressed by anti-US sentiment people every day), killing and misery is tangible.

In 2004, I stood at the fence at ground zero, looking at the still remaining few spots of molten asphalt and all the names of those, who were murdered that day, crying my eyes out because I had this painful lump of pressure in my chest from sensing the anguish and utter desperation that had unfolded a few years before. It was not until much later, I understood that something was not right with the explanations given in the aftermath of 9-11.

I don't know what happened at WTC, but I know that the US is not being honest about it, and I know that I am much more unforgiving towards the US government, because I expect MORE of the US than from less "mature" countries - exactly because of those very special ideals, that the US was founded on. And I expect MORE from the US, because the US is referring to its role as leaders of the "free" world every day - implying that their justification for intervening is legitimized exactly because the US is spreading transparency, freedom and prosperity to the rest of the world.

If you really believe that the invasion of Afghanistan and Iraq was primarily about catching terrorists - why is it then not obvious to you that all the "wonderful initiatives" undertaken domestically are indeed enacted solely and entirely benignly to protect the American public from further attacks by bad guys at home.

The ONLY positive spin I am able to come up with on all those initiatives that have emasculated personal freedom and juridical security in the US is if it is true that there is a league of people, who are working to take back the US from the statists and unwind the subversive coup d'etat that has been successfully accomplished so far using those newly applied "legal means" to fight them behind the scenes, because the coup-people are so well organized and have infiltrated all public mechanisms of checks and balances to such a degree that these frightening new "legal means" are necessary to be able to carve out the gangrene rot efficiently - where upon successful completion there would be some kind of truth and reconciliation hearing setting the record straight in a transparent manner to repair the souls of all the people, who have felt violated and wronged by these extraordinary measures.

I am not hopeful though - not at all. To me it looks like another chapter in the totalitarian expansion - like we have seen a few rounds of in Europe in earlier days.

After 9-11, I no longer trust any government, including my own, and my barometer is not names like socialism or fascism or islamism or other emotionally charged words designed to make people hate other people, they do not even know.

My barometer is centralism versus de-centralism. Any party or entity that argues for highly centralized and hierarchical government and against direct democracy and transparent local community governance is in opposition to my opinion.

Thank you for the debate, Hatter! Although I doubt we will agree on all this, you have challenged my biases and reminded me to revisit these on a recurring basis. I hope that I have poked you enough to afford a similar effect in your lines of thought.

-SilverIsMoney-
May 26, 2014 - 1:39pm

Very odd...

20$ spike and then a 20$ drop in a matter of minutes...

https://goldprice.org/spot-gold.html

Better view there... probably just a mistake but maybe not! What's the message being sent if it isn't? Anyone remember the devil's horns we got on 3-31-13? Two weeks later the price died.

DeaconBenjamin
May 26, 2014 - 1:36pm
_tr0jan_
May 26, 2014 - 1:30pm

SPIKE

Did anyone else see this?

I saw it on turds embedded link on the side, but could not see it anywhere else... so i thought it was a mistake...

https://www.zerohedge.com/news/2014-05-26/wtf-chart-day-spot-gold-spikes...

hmmmmm

tmosleyMantis
May 26, 2014 - 11:55am

@mantis Mintpal.com is

@mantis

Mintpal.com is probably the best. Stay away from Cryptsy. They don't do a good job. I used them for a while, but grew afraid that their incompetence would put my coins at risk (I trade). Everyone seems to agree that Mintpal is the best place for now. You will have to buy BTC elsewhere and deposit it there before buying DRK.

DYODD.

Mantis
May 26, 2014 - 11:51am

@tmosely

yes i heard about darkcoin too but don't have any (yet)you know a good exchange to get some ?

DeaconBenjamin
May 26, 2014 - 11:33am

Cyprus savers sue ECB, Commission amid losses in island rescue

By Aoife White

Cyprus bank depositors sued the European Central Bank and the European Commission for putting them in the firing line as part of last year’s rescue package for the crisis-hit Mediterranean nation. The savers filed four lawsuits demanding compensation after they were hit by forced losses on deposits at Bank of Cyprus Pcl and Cyprus Popular Bank Pcl.

The ECB and the commission “deprived” the savers of their money and “manifestly and gravely disregarded the limits on their power” by inducing “the premature passing of a bail-in tool on deposits,” according to the lawsuits. The four suits also challenge “restrictions on the movement of money preventing deposit holders from withdrawing and/or transferring their funds to safer” lenders.

After a tumultuous week in which an initial aid plan fell apart, European governments and the International Monetary Fund agreed to loan Cyprus 10 billion euros ($13.6 billion) as long as the country liquidated its second-largest bank and forced losses on bank bondholders and deposits of more than 100,000 euros. The concessions were demanded by authorities in a bid to shrink the country’s banking industry and led to Cyprus imposing the first capital controls in the euro area.

Details of the filings at the EU’s General Court were published today in the EU’s Official Journal. The savers don’t say how much money they lost by the so-called haircuts on their deposits.

https://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_26/05/2014_540028

SilverSurfers
May 26, 2014 - 10:47am

Dont Stop!!

Journey-Dont Stop Believing (official song) with lyrics
lakedweller2
May 26, 2014 - 10:16am

Karl Rove It Is

Don't stop watching and believing CNBS

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 8/3

8/3 9:45 ET Markit Manu PMI July
8/3 10:00 ET ISM Manu PMI July
8/3 10:00 ET Construction Spending
8/4 10:00 ET Factory Orders
8/5 8:15 ET ADP employment July
8/5 9:45 ET Markit Service PMI
8/5 10:00 ET ISM Service PMI
8/6 8:30 ET Initial jobless claims
8/7 8:30 ET BLSBS for July
8/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 7/27

7/27 8:30 ET Durable Goods
7/28 9:00 ET Case-Shiller home prices
7/29 8:30 ET Advance trade in goods
7/29 2:00 ET FOMC Fedlines
7/29 2:30 ET CGP presser
7/30 8:30 ET Q2 GDP first guess
7/31 8:30 ET Personal Income and Spending
7/31 8:30 ET Core inflation
7/31 9:45 ET Chicago PMI

Key Economic Events Week of 7/20

7/21 8:30 ET Chicago Fed
7/21 2:00 ET Senate vote on Judy Shelton
7/22 10:00 ET Existing home sales
7/23 8:30 ET Jobless claims
7/23 10:00 ET Leading Economic Indicators
7/24 9:45 ET Markit flash PMIs for July

Key Economic Events Week of 7/13

7/13 11:30 ET Goon Williams speech
7/13 1:00 ET Goon Kaplan speech
7/14 8:30 ET CPI for June
7/14 2:30 ET Goon Bullard speech
7/15 8:30 ET Empire State and Import Price Idx
7/15 9:15 ET Cap Ute and Ind Prod
7/16 8:30 ET Retail Sales and Philly Fed
7/16 11:00 ET Goon Williams again
7/17 8:30 ET Housing Starts and Permits

Key Economic Events Week of 7/6

7/6 9:45 ET Markit Service PMI
7/6 10:00 ET ISM Service PMI
7/7 10:00 ET Job openings
7/9 8:30 ET Initial jobless claims
7/9 10:00 ET Wholesale inventories
7/10 8:30 ET PPI for June

Key Economic Events Week of 6/29

6/30 9:00 ET Case-Shiller home prices
6/30 9:45 ET Chicago PMI
6/30 10:00 ET Consumer Confidence
6/30 12:30 ET CGP and SSHW to Capitol Hill
7/1 8:15 ET ADP Employment
7/1 9:45 ET Markit Manu PMI
7/1 10:00 ET ISM Manu PMI
7/1 2:00 ET June FOMC minutes
7/2 8:30 ET BLSBS
7/2 10:00 ET Factory Orders

Key Economic Events Week of 6/22

6/22 8:30 ET Chicago Fed
6/22 10:00 ET Existing home sales
6/23 9:45 ET Markit flash PMIs for June
6/23 10:00 ET New home sales
6/25 8:30 ET Q1 GDP final guess
6/25 8:30 ET Durable Goods
6/26 8:30 ET Pers Inc and Spending
6/26 8:30 ET Core inflation

Key Economic Events Week of 6/15

6/16 8:30 ET Retail Sales
6/16 8:30 ET Cap Ute and Ind Prod
6/16 10:00 ET Chief Goon Powell US Senate
6/16 4:00 pm ET Goon Chlamydia speech
6/17 8:30 ET Housing Starts
6/17 12:00 ET Chief Goon Powell US House
6/18 8:30 ET Initial Jobless Claims
6/18 8:30 ET Philly Fed
6/19 8:30 ET Current Account Deficit
6/19 1:00 pm ET CGP and Mester conference

Key Economic Events Week of 6/8

6/9 10:00 ET Job openings
6/9 10:00 ET Wholesale inventories
6/10 8:30 ET CPI for May
6/10 2:00 ET FOMC Fedlines
6/10 2:30 ET CGP presser
6/11 8:30 ET Initial jobless claims
6/11 8:30 ET PPI for May
6/12 8:30 ET Import price index
6/12 10:00 ET Consumer sentiment

Key Economic Events Week of 5/25

5/26 8:30 ET Chicago Fed
5/26 10:00 ET Consumer Confidence
5/27 2:00 ET Fed Beige Book
5/28 8:30 ET Q2 GDP 2nd guess
5/28 8:30 ET Durable Goods
5/29 8:30 ET Pers Inc and Cons Spend
5/29 8:30 ET Core Inflation
5/29 9:45 ET Chicago PMI

Recent Comments

Forum Discussion

by Silverbull8888, 2 hours 34 sec ago
by Steve S, 3 hours 38 min ago
by Steve S, 3 hours 57 min ago
by hdlr, 10 hours 44 min ago
by jack3617, Aug 6, 2020 - 8:28pm