A2A with James Turk


A tremendous and very informative webinar earlier today with the great James Turk of GoldMoney. We covered a lot of ground in 45 minutes and you absolutely must give this a listen.

Some of the topics covered include:

  • An update on the Bitgold--GoldMoney merger
  • The physical gold situation in London and around the world
  • The dangerous financial situation of the major European banks
  • The future of the US dollar as both an international and domestic currency
  • How a Saudi depeg and move away from the "petrodollar" might affect the US dollar

And much, much more. Again, please give this recording your time and attention and thank again to James for sharing his wisdom and insights with all of us.



Safety Dan
Jan 22, 2016 - 9:13am

Strange and Crazy in the

Strange and Crazy in the Financial World!

Posted on January 22, 2016 by Gary Christenson

It’s been crazy so long it feels like normal …

  1. Several $ Trillion in global debt “pays” negative interest. Loan your capital to an essentially bankrupt government and lose a portion of that capital every year! Strange and crazy!
  2. The US government runs deficits – every year – in the $500 Billion to $1 Trillion range. These are the official deficits, not what GAAP accounting would calculate. So what? Just print and borrow more. Strange and crazy!
  3. The Fort Knox Bullion Depository is so important that almost no one is allowed inside, even the President. It is so important that the gold has not been (truly) audited during the past 60+ years. They use armed guards, fences, motion detectors and much more to protect the gold that supposedly is vaulted behind those 22 ton doors. But at current prices the 147 million ounces of gold is valued at only about $160 Billion. The official national debt is over 100 times larger and the official debt increases by the entire value of the Fort Knox gold in roughly two months. Strange and crazy!
  4. The Fed is all important. We hang (pun intended) on every word. Media people analyze tiny nuances from Fed statements. But the Fed is the “Wizard” behind the green curtain. From Bob Moriarty:

“100 years of history proves that the Fed is clueless. The mismatch between interest rates and risk today is absolutely insane. My opinion is that the whole financial system is going to blow sky high.” [Strange and crazy!]

Dow Jones Ind Avg: May 2015 high: 18,350, Jan. 13, 2016 16,151, down 12%

S&P 500 Index: May 2015: 2,126, Jan. 13, 2016 1,890, down 11%

NASDAQ Composite: July 2015 high: 5,230, Jan. 13, 2016 4,526, down 13.5%

Shanghai Comp Average: June 2015 high: 5,176, Jan. 13, 2016 2,950, down 43%

“The Societe Generale expert says if the U.S. economy tumbles into a recession led by low manufacturing output, the U.S. market will sink a whopping 75%.” Diane Alter

Gerold’s Blog reported that as of January 8 there were no cargo ships operating in the Atlantic Ocean, something that has never happened before.

The CRB index of commodity prices just hit a 40 year low.

The Baltic Dry Index is down to an all-time low.

Strange and crazy!

From The Burning Platform:

“The third speculative boom in the last fifteen years fueled by Federal Reserve idiocy is about to become the third bust in the last fifteen years. The unwashed masses who believe what they are told by CNBC are going to be pretty pissed off when they lose half their retirement savings again. None of their highly paid financial advisors are telling them to expect 0% returns over the next twelve years, but that is their fate. The numbers don’t lie over the long term.”

“At current market valuations, a run of the mill bust will result in a 50% decline. A bust that puts valuations back to 1982 bear market lows would result in a decline exceeding 75%.”

Strange and crazy!

2016 is an election year and will probably be a recession year. An outright market crash, such as what is ongoing in China, is certainly possible. The US stock market crashed in 2008 and the US elected a Democrat for President, as if it mattered. A crash in 2016 might cause Wall Street funding to support, and the voting machines to elect, a Republican for President, as if it mattered.

The Fed will have choices: (These are merely my “outsider” opinions.)

  1. Talk, act importantly, raise interest rates slightly, and increase debt, borrowing, and QE (monetizing debt).
  2. Act importantly, talk, and increase debt, borrowing, and QE (monetizing debt). It is what they do ….

There is an outside chance that the Fed “throws in the towel,” the PhD’s resign, admit failure managing the economy, money supply, and monetary policy, and allow nearly everything to crash and burn, metaphorically speaking. My personal bet is that the odds of this are about the same as winning the Powerball, 1 in 292,000,000.

Sane, Not Crazy:

  • Trust history. Expect larger deficits, more borrowing, declining prices in stocks and bonds, higher prices in gold and silver, and trauma.
  • Trust politicians, the Fed, and CNBC – to mislead you. Act accordingly.
  • A different President and/or a different Presidential party will make little difference. The word diversion comes to mind.
  • Hemingway: “The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin.” Is war in the Middle-East part of the plan?
  • The stock market crashed or corrected in 1987, 1994, 2000, 2008, and 2015-2016 – every 7 to 8 years. Watch out below.
  • Silver prices bottomed in 1986, 1993, 2001, 2008, and 2015-2016 – every 7 to 8 years. 2016 should be a good year for silver.
  • Gold prices bottomed in 1984, 1992, 2001, 2008, and 2015 – 2016 – every 7 to 8 years. 2016 should be a good year for gold.

2016 looks like a year for strange and crazy events, market trauma, more QE and diversions. Rig for stormy weather and read:

Silver, Silliness, Gold, and Risk

Between the “State of the Union” and the next election much can happen. I think it is safe to say that, “Gold Thrives, Paper Dies.”

Gary Christenson

The Deviant Investor

Antony von Clearwell
Jan 22, 2016 - 9:02am

And down it is

Let's see how this one will go. Time to be a contrarian contrarian and add some shorts.

Fundamentals did not change. Time to go down on Monday.

Safety Dan
Jan 22, 2016 - 9:00am

ALERT: Jeb BUSH Connection –

ALERT: Jeb BUSH Connection – Proven voting fraud! 2000- Gov’t programmer testifies voting machines are rigging elections

Proven voting fraud! 2000- Gov’t programmer testifies voting machines are rigging elections

Rep. Tom Feeney (Fmr. Speaker of The House in Florida) employed this man from Oviedo, FL to rig elections and flip them 51% to 49%. Exit polling data was proven to be significantly different than the published results. Rep. Feeney was also the lobbyist for Yang Enterprises, the company who delivered the program.


Clinton Eugene Curtis, a computer programmer from Florida, testified before a congressional panel that there are computer programs that can be used to secretly fix elections. He explains how he created a prototype for Florida Congressman Tom Feeny that would flip the vote 51%-49% in favor of a specified candidate.

Video unavailable

Raymond Lemme of the Florida Inspector General’s office was in charge of investigating Clint Curtis’s allegations of election fraud perpetrated by Tom Feeney…

Raymond Lemme was found dead of an apparent suicide two weeks after confiding that he “had tracked the corruption ‘all the way to the top'”.

Corrupt Congressman Apologizes

Corrupt Congressman Apologizes

Tom Feeney speaker of the Florida house(2000 – 2002)

Jeb Bush Florida Gov – 1999 to 2007



Jan 22, 2016 - 8:58am

Safety Dan

I have used my own homemade colloidal silver to cure many ailments from Lyme Disease to cuts and abrasions to colds. Anyone who is saying colloidal silver does not work simply has no personal experience with it or is spewing medical mafia dogma.

No need to buy the expensive stuff. I have made gallons of it from the same two canadian maples I started with, and I am sure I will still be using the same coins years from now. I built a colloidal silver generator from stuff I had in my garage.

It should be clear to all by now, especially here, that the medical mafia wants you sick. When was the last time your doctor cured something? If you are not sick, then you will not take the toxic pills in the pleasing array of colors.

Doctors are now drug pushers. Do a little research on the kickbacks that doctors get from drug companies and think about it. How is that any different than the guy peddling crack vials on the street?

My last annual physical, I shit you not, was a powerpoint presentation on why I should be taking statin drugs. Not because I actually need them, but because the statistical analysis of the company that manufactures statin drugs has determined that I might maybe could potentially develop heart disease in ten years or so.

Cardiologists on Big Pharma kickbacks release new statin drug guidelines in effort to double prescriptions


More new drugs being pushed by doctors everyday along with vaccines, and we continue to get fatter and sicker, and fatter and sicker, and fatter and sicker...

WAKE UP! Your doctor is a drug dealer. When was the last time your doctor asked you what you eat?

Safety Dan
Jan 22, 2016 - 8:57am

President Obama Sued in

President Obama Sued in Federal Court Over Executive Gun Control

Posted January 21, 2016 4:43 pm by PatriotRising

“The President cannot simply announce sweeping new rules and implement them by giving a speech or issuing an executive memorandum”

The founder of a conservative political watchdog group is the first in the nation to file a lawsuit against the federal government over President Obama’s recent executive actions on gun control.

Claiming the president cannot redefine laws enacted by Congress, Judicial Watch founder Larry Klayman filed a lawsuit in federal district court on Monday naming Obama, US Attorney General Loretta Lynch and Deputy Director of the Department of Justice, Thomas E. Brandon, as defendants.

“The Defendants’ rewriting of laws burdening and abridging the fundamental rights of the Plaintiff and other US citizens under the Second Amendment by the President and his executive branch is unconstitutional,” the complaint filed in the U.S. District Court for the Southern District of Florida states.

“These actions are unconstitutional abuses of the President’s and executive branch’s role in our nation’s constitutional architecture and exceed the powers of the President as set forth in the U.S. Constitution.”

The complaint argues Obama’s executive actions attempt to redefine ATF enforcement activities and policies, including “who is a ‘dealer’ in firearms ‘engaged in the business of selling firearms,’” according to a press release regarding the lawsuit.

“The change of interpretation now sweeps up persons who do not seek to earn a livelihood or make a profit, who buy or sell as few as one or two guns a year,” the press release says. “Worse, the new rules are so vague and subjective that Klayman challenges them as ‘void for vagueness.’ Being treated as a dealer now creates the obligation to conduct background checks for those sales.”

The lawsuit is in response to the January 4 announcement from President Obama where he stated he would unilaterally implement further infringements on the Second Amendment.


Check out the rest of Freedom Watch’s complaint below:

Larry Klayman, Freedom Watch Files Lawsuit Against Obama's Gun Control Executive Orders

Safety Dan
Jan 22, 2016 - 8:55am

ISIS Revealed as an American

ISIS Revealed as an American Secret? | Jim Willie

Video unavailable
Safety Dan
Jan 22, 2016 - 8:53am

A Run On The Banks Begins In

A Run On The Banks Begins In Italy As Italian Banking Stocks Collapse

The Italian financial meltdown that we have been waiting for has finally arrived. For quite a long time I have been warning my readers to watch Italy, and now people are starting to understand why. Italian banking stocks continued their collapse for a fifth consecutive day on Wednesday, and nervous Italians are beginning to quietly pull large amounts of money out of the banks. In particular, Monte dei Paschi is a complete and utter basket case at this point. A staggering one-third of their loans are “non-performing”, and the stock price has fallen a staggering 57 percent since 2016 began. Monte dei Paschi is going to need a major bailout, and the same thing could be said about almost all of the largest Italian banks. But where is the money going to come from?

As rumors of trouble at Monte dei Paschi spread, Italians are getting money out of the bank while they still can. The following comes from the Daily Mail

Some Monte dei Paschi customers have been pulling savings out of the Italian bank, its chief executive said on Wednesday, as it faces a crisis over a mountain of bad loans that has wiped nearly 60 percent off its market value this year.

CEO Fabrizio Viola did not say how much money savers had withdrawn, or when the outflow began, though he said the fall in deposits was “limited” and that the bank could cope with it as he sought to reassure customers and investors.

Italian bank shares have lost 24 percent since the beginning of 2016 as investors, already rattled about global economic growth, have sold out of a sector with low profitability and about 200 billion euros ($218 billion) of loans that are unlikely to be repaid.

And investors are pulling money out of Italian banking stocks at an alarming pace as well. According to the Telegraph, Unicredit is down 27 percent since the start of 2016 and Monte dei Paschi has plunged a total of 57 percent so far this month…


Safety Dan
Jan 22, 2016 - 8:51am

URGENT! Ocean Data Buoy

URGENT! Ocean Data Buoy ALERTS to a sudden, 25 METER Wave in Pacific; possible major earthquake & tsunami

The National Data Buoy Center is showing a Buoy just entered ALERT mode in the Pacific, recording a sudden 25 METER WAVE
off the coast of Japan.
Possible massive earthquake; possible MASSIVE tsunami . . . .


Direct Buoy reading:


Accordingn to Live Earthquake map:

Type: EarthQuake
3 hours ago
Magnitude: 6.6
DateTime: 2016-01-21 12:07:02 (UTC)
Region: Off Coast Of Jalisco, Mexico
Depth: 40
Source: CSEM-EMSC Feed

Type: EarthQuake
3 hours ago
Magnitude: 6.9
DateTime: 2016-01-21 12:06:56 (UTC)
Region: Off Coast of Jalisco, Mexico.
Depth: 10
Source: GeoScience Australia

Also, there was an earthquake 12 hours ago near the buoy in Alaska
Type: EarthQuake
12 hours ago
Magnitude: 4.9
DateTime: 2016-01-21 02:43:36 (UTC)
Region: Near East Coast Of Kamchatka
Depth: 66
Source: CSEM-EMSC Feed


Jan 22, 2016 - 8:50am

This week's audio

Just recorded this with Eric about 20 minutes ago. Will be posted at the Sprott Money site momentarily. https://soundcloud.com/sprottmoney/sprott-money-news-weekly-wrap-up-12216

Antony von Clearwell
Jan 22, 2016 - 8:43am

Yen at support/resistance

Lets whether it will breakout to the upside or it will take the easier, more comfortable way out of the wedge: down

Subscribe or login to read all comments.


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, 33 min 8 sec ago
by Green Lantern, 5 hours 52 min ago
by 11IMIX, 6 hours 53 min ago