TFMR Podcast #19 - Jim Willie

I guess it is hard for Bill Fleckenstine, Dan D or at TFV blog and others to admit to PM manipulation. It is also hard for some to believe that Al Qaeda is a CIA data base containing Middle Eastern operatives. It is even harder for some to believe that the USA foreign policy is run by Israel and that 911 was an inside job. 

Jim Willie, believe it or not has access to information that we do not. Remember he has been living abroad for a reason!

My 2 copper pennies!

I am now in favour of stimulus.

Regardless of where you stand on Jim Willie's hypothesis, there's one thing I haven't seen anywhere.

Namely, the story that "JPM is under attack" opens the door to explaining further losses in the future at JPM. It's a beautiful cover, if they have to report greater losses than $2+ Billion.

Personally, I think that you'd have to be extremely gullible to believe that JPM has told the truth in a Press Release. If that were true, it would be a first.

is that the negative comments, almost uniformly, revolve around the tiny side-mention of the JFK stuff- and NOT the central thesis of the entire podcast.  Ignoring the trivial part, I am still waiting for a factual counter-argument of the central thesis and have yet to hear it.

To me, it seems entirely likely that 1. Germany will wind up at the center of a slimmed-down Euro (or new Euro- Mark), while Russia, China, and India (and others) would work towards a new international trade and settlement paradigm that works to their advantage, rather than the current "Dollar reserve currency" paradigm that works against them and to US advantage.  US dollar doomed and our debt is hyper-inflated away, while fiat-denominated assets go "poof".   Game theory would suggest this is HIGHLY probable as an outcome.

If people have strong arguments against this thesis, rather than mere generalized ad-hominem attacks on credibility, I would genuinely like to read them...  because if this thesis is correct, our understanding of this is truly paramount for our individual financial survival. 

the whole 78 billion, although we will never know for sure.  Bernanke will try to save JPM.  If he doesn't, he will end up having to save a whole bunch of other institutions.  Either way they will bail and bail, like Sean Penn during Katrina.

about potential scenarios relating to how other nations are responding to our flagrant use of our reserve status.  We all know that Russia, China and the Middle East (Saudi) are laying the tracks for another system.  We know this because given the same set of facts... we would be doing the same thing.  These countries can save a lot of money by not having to find dollars and pay the conversion just to do business.... the incentive is there now that we have made it clear we will monetize our own debt.  It is interesting to consider that the new "fiat" system might have a gold backed element of 5% or some other fractional backing, but I worry about how easily that could be manipulated by our friends, the Central Banks of the World (Rothchilds).  As Pining points out, Germany, Russia, China, India and Saudi Arabia are the countries that are poised to take action.  The exact tipping point for them to push the buttons on their system... I don't know, but they will and we will be in a world of hurt as we will then have to produce things to get things...

I generally believe they will take their steps in a series of short squeezes as they try to get the most juice out of the old system.  These other countries have already entered into extensive trade agreements which settle in their respective currencies..... that's a big step.  Additionally, they are all building up their gold reserves.... another step.  It is not to their advantage to implode this old system but rather steadily replace it in such a way as to minimize the interruptions, at least to their own economies.  I have stated this before... this change over for us won't happen in a long drawn out process.... over one weekend.... we will wake up on a Monday and we will have a new system without a vote of People.... 5, 10 or 100 for 1 new "X" paper.

We spend a lot of energy on looking back to 911, JFK, Norma Jean, J.E. Hoover and thousand of other conspiracy theories.  Most of these items have very little value in preparing us for the future.  Knowing the real truth of what "really" happened will not stop the future hidden evil coming down around the next bend in the road.  Jim Willie just made the mistake of blending the past with the future in the same interview.  He may or may not be correct but planting a garden this year has more value for the future that being correct about Jackie.

Our political system has the sickness of looking at the past for 99% of the debates.  What we need is someone to point to the future and how to solve the ills of the nation.   I am heading out to my pea patch with a hoe and I am going to kill the weeds.    Jer. 29:11   jmo

I really admire the collective experience offered on this site, (the hive-mind), as it works its way by sharing information towards likely foreseeable outcomes: whether it be precious metals, social disarray or even bacon: the result is wisdom.

I think I have made my disappointment with the interviewee clear (and yet I like it that Turd presents a wide array of sources) my concern at the comments was that some reflected nothing more than barracking for our guy (who might be so smart he is...insane!).

The JPM news may be the start of something really big. Gold traded very heavy into Friday's close after failing to follow through on a very positive Thursday. Focus people!

If I have offended anyone I apologize, but the offering of ridiculous assertions in amongst views that are generally accepted on this site diminishes the overall case.

I guess the question I have is whether China's Central Bank is controlled by the Old Guard Bankers.... I don't think it is, yet.  China & Russia are the wild cards because they could be aligned to a Cartel fashioned plan or they could be aligned to their own.  

@murphy - what are your thoughts about the real influence of the cartel banks in these two countries?  Controlled by those interests or is it a stand off?

I'm never offended! :) 

Anyway, later chaps! I'm of to enjoy our Great Northwest weather!

His inside sources are some of the best in the silver blogosphere.  Subscription is worth every penny!

Jim says one or two things you find "crazy" and suddenly everything he says is BS and discounted.
I strongly caution you against tossing the proverbial baby out with the bath water.

The problem is that Willie presents the bath water as if it were qualitatively equal to the baby, and that's probably what Silverwealth is pointing out.  Personally I find him to be an interesting read and listen, from time to time.....and his knowledge of the gold and silver markets runs deep, but he clearly resembles Benjamin Fulford and/or Sorcha Faal from time to time and you must at least admit to this.  I began to wonder when his "inside Kremlin source" once told him about dramatic events that would be happening immediately that never came to pass a few years back.  He harms his own credibility by doing this frequently.    

        Some teachers and other  speakers use this as a device.Your concentration is tiring a little,teacher brings up a cartoon moment like JFK -Greek island.He wakes you up ,then within seconds off we go again on the subject in hand,refreshed enough by the diversion to be fully concentrating once more.That is a decent teacher / speaker at work, and a clever guy.Still stacking teach.

T.Aye.

happy one to Moms,Sunday.

Listen, the PODCAST that TURD provides us are perspectives from people that share the same ideas with all on this board.  We may not agree with all of them and that various nuances around what will/may occur but I think we all can agree that we are fucked one way or the other and that GOLD and SILVER are money and will be the things that protect us in the years ahead.  I for one don't agree with everything everyone says on the POD CAST...look Ranting Andy I don't agree with his premise on Gold stocks, but i do agree with him on the fact that GOLD/SILVER will be the only things that will protect us.  Listen, how can I agree with Andy or everyone else when my experiences have been different-the most money I've ever made where from Gold stocks/discoverers and take overs..so I'm going to disagree with him and DR G:) on that one, but will agree that you can lose big time if you don't know what you are doing.  There's risk.  Ok back to Willie...so no pun intended.  But the fact is he's right on some things and may not be on others.  We are all human and can't know everything..what will happen next..

The PODCAST provide other points of view for us to consider but at the end of the day, most importantly, they reinforce the need to have G &S in our portfolios.  We can all agree to disagree if that's 100%, 50% or 20%.   I think we can also agree that the JPM thing is FUCKED up. $2B..probally not...probally much more...but does anyone really know..we may never now..but we will find out that it's much much more.  These events, whether this one brings down the financial system or not, I don't know, but what I do know is MFUCKING GLOBAL, JPM, Lehman..and a host of other things will eventually bring down the system and all the sleeping fuckheads out there will wake up and be either a) pooing in their pangs b) hanging themselves or c) jumping off bridges. Im serious, things that will develop will make people lose it because they are going to lose everything.   It ain't going to be fun.

And while we may/will be proud that we have our gold and silver,  we will be watching the shit hit the fan and it won't be fun to watch.  We will all wake up and say "o my..o my" and that's if you are in the USA or Euro...or where-ever.  the facts are the facts and it doesn't matter if Willie thinks that everyone leaves the EURO from the south or weather Ranting Andy thinks that only people that wear blue will surivive..the fact once again is that G & S will be there when it all goes south.

We can all agree to disagree on the nuances of Andy and JPMs $2b or 20$ b loss, but the fact remains we have a mess out there.  People are complaining about the price of gas, price of food...famlies having a hard time making it...people can't find jobs..the banking system is a mess, we are in the worst times since the depression and everyone (outside of us and a few others) recognize what's occurring. 

It's getting worse and I'm afraid that when it get's bad---really bad---there will be much pain for many people. 

The podcast our for us to consume and think about it.  We can't expect everything they say to occur..we can't expect everything Jim Sinclair says will happen will happen....it's directional....too many forces at work that can shift things from left to right and vice versa.

Time to focus and keep doing what we need to do to prepare for the "major shit show on earth" - coming to a theater near you. 

"But the event on Friday, which included members of Minnesotans for a Fair Economy, SEIU Local 26 and Occupy MN, was by far the largest demonstration since the money-wiring crisis began in December.

Chanting, "Yes, we can!" and alternately "Haa waa karna!," which means the same thing in the Somali language, the crowd outside Wells Fargo was eclectic and included other grievances against banks.

"We made a business decision in 2008 to exit those business relations," Gunn said. "... There are federal rules and regulations that banks have to abide by, and that's what we're doing."

Asked what the risk was in providing banking services to the Somali money-wiring businesses, Gunn said only: "We made a business decision. No financial institution in Minnesota is providing those types of services."

She added that Wells Fargo believes it strongly supports the Somali-American community by offering financial support to Somali community organizations and employing many Somali people. "We agree that it's unfortunate they're having difficulties finding a way to fulfill their need and desire to send money to their homeland," she said. "We have met with the community and we are always willing to do so."

Javier Morillo, president of SEIU Local 26, said the union on Friday closed the strike fund account it had kept at Wells Fargo. The amount: $72,000.

"Wells Fargo, if they wanted to, they can keep Somali families from starving in Somalia," he shouted through a megaphone.

Several times throughout the demonstration, the protesters took over different intersections. They started out lined up in front of Wells Fargo Center at S. 6th Street and Marquette Avenue S. Then they marched to the intersection of Nicollet Mall and 8th Street S. and stopped in the middle of the street.

"Sit down!" an organizer yelled through his megaphone. The crowd sat down on the street. Cars idled at the green light as a line of organizers stood in a row stopping them.

Police then closed off parts of Nicollet Mall and 8th Street S., diverting traffic to different routes. Demonstrators were protesting near U.S. Bancorp offices.