TFMR Podcast #23 - The Jim Willie Trifecta

Wow Number Two!

As the World Burns, I make it to the position of First Loser!

Wait 'til I tell the kids!

As the World Burns, I make it to the position of First Loser!

​No, first runner-up  or silver ​medallist 

Thanks Turd - I look forward to these podcasts (and Jim is one of my favourites) - I will certainly be subscribing to the new Turdville radio, when it comes out.

LOL! Damn that was funny!

You people have no idea how many times I read something and start laughing and feel great sitting on my side of it and chuckling. Some seriously funny folks .

And other times I'm nodding my head a little and going "H'mmm?" from some brilliant  or appropriate stroke of brain energy.

Or maybe just a bacon mention... 

LMAO!

I have lamented for years, that we traded our economy and manufacturing base for cheap products from China: "traded our factories for home equity loans" as Jim says, and thus no recovery for the US.

It's beyond a failed recovery with the ending of the SWIFT, petrodollars and failed US treasury bonds; a black hole indeed.

These guys love the printing press more than the Brrrrrrrrrr-Skanky

http://buzz.money.cnn.com/2012/06/14/bank-of-england-euro-crisis/?iid=HP_LN

Bank of England moves to boost British economy

The Bank of England and the Chancellor of the Exchequer are working on new policies to support the British economy, BoE governor Mervyn King said Thursday.

"With signs of a deterioration in the outlook, especially in world markets, the case for a further monetary easing is growing," King said in a speech to business leaders in London

jim mentioned the ICBC

http://www.bloomberg.com/news/2012-06-10/gold-investment-demand-in-china...

http://www.icbc-ltd.com/ICBCLtd/en/

http://en.wikipedia.org/wiki/Industrial_and_Commercial_Bank_of_China

http://af.reuters.com/article/metalsNews/idAFL4E8GS2OW20120528

SHANGHAI May 28 (Reuters) - Industrial and Commercial Bank of China Ltd is seeking membership of overseas exchanges and aims to become a major global bullion market maker, a senior executive said on Monday.

The world's biggest bank by market value, ICBC is the top player by volume on China's gold and futures exchanges, but its participation in foreign markets is limited to over-the-counter trading, which reached a total $90 billion last year.

Emboldened by Beijing's ambitions to have a bigger say in global commodity prices, ICBC now has an eye on bourses such as COMEX and on joining the 11 market makers of the London Bullion Market Association (LBMA).

These quote continuous two-way bid and offer prices for gold, silver, platinum and palladium throughout the London day, providing a liquid market in which to trade.

"We hope to play a bigger role in the global precious metals market and become a major market maker, like Barclays," Shen Shisheng, ICBC vice-general manager of financial markets, told Reuters on the sidelines of a conference in Shanghai.

Barclays Capital is among the gold fixing members on the LBMA.

The newest LBMA market maker, Merrill Lynch, was appointed in January last year. ICBC became an ordinary member of the LBMA late last year, the first commercial bank in China to join the association.

Jim is right, this is happening right under our noses . . .

Killer. Enjoyed it. Thank you both, very much. There at the end I was pounding the Coronas and biting my nails all at the same time. LOL

Thank you, Turdmeister!  Now we won't have to wait until Sat.  (I thought it could be tomorrow, too, but I Guessed Saturday, because no one would complain if we got it earlier!) 

The logic, the pragmatism, the no BS-cut-through-the-MOPE laser focus - THANK YOU.

And thank you Turd for bringing Jim's wisdom to us.  This is invaluable.

Time to back up the truck . . . again :).  

Just got back from a long day, clicking through my many links of favorite sites, listening to the podcast, all is well.

Got to the steve quayle link and I get slapped in the face with a red screen.  Oh goody.  FWIW. 

Euro Has Collapsed!

June 14, 2012

It is with trepidation that I write to you....The Euro has collapsed unofficially. The money is OUT of Greece, Spain, Portugal, Ireland, Italy, France, Belgium and the German Elites have begun to shore up their wealth in hard assets and precious metals. RBS has given orders to close two of their major equities sectors, thousands of jobs are going to be lost the next few days/weeks. Credit Sussie has called on top investors to head to Swiss safe harbor and hard asset diversified portfolios.

The Capital Controls are in place to keep the charade of control going for the next four to six months before the official collapse. Steve...this is it. The Euro has collapsed and no one has noticed it. Greek bank runs are close to $3.5 Billion Euros per day not the $1 Billion that is being reported. The rest of the PIIGS are in the same boat. Bank Holiday imminent in all of continental Europe in the coming days and weeks. This is again theatrics to keep the plebeians believing in some semblance of control.

Please warn your listeners to pull out of their bank accounts everything that they need. Keep only to pay the day to day expenses. If they have land to go to, please do so now. Steve I do not know how much longer I can keep writing to you. You were knocked off line during your show with the Haggmans right before your were going to divulge what I have told you with the Spanish bailout. It is getting dangerous for all of now.

Again the Euro has collapsed...I repeat the Euro has collapsed. Unofficially.

May God Help Us All....

V

COPYRIGHT STEVE QUAYLE- ALL RIGHTS RESERVED---NO CROSS POSTING UNLESS ACTIVE HOT LINK TO MY SITE STEVEQUAYLE.COM IS PROVIDED

Quoted in full from original at the above link.

I believe that it's possible, given the lack of transparency, the possibility that the Greek elections have awakened enough people to reach "critical mass" and drain the banks, and thus kablewey.  As the recently phrase goes, we won't know until we do.

He reminds me of the carpet bagger from Josey Whales. Good stuff though!!

What a great birthday present--a Jim Willie podcast!! I haven't listened yet. I am saving it until tomorrow evening so I can start the weekend off right.  

If you enjoy the podcasts with Turd and Jim, let me highly encourage you to first, drop off a little fiat to Turd for this awesome home we have here, and second, subscribe to Jim's newsletter. I have subscribed since 2005 or thereabouts.  Best money I have spent.  Over the past 33 years I have traded futures....spent a couple of those years as a broker. I have subscribed to probably 40 newsletters (maybe more) of various types over that time. Jim's newsletter is the only one I subscribe to now.  He produces two reports each month consisting of 20 to 30 pages each. I have gotten more from Jim's newsletters than the other 40 combined.  To top it all off......even though the cost of the newsletter has gone up over the course of the past seven years, Jim still charges me the same price I paid when I originally subscribed.  Jim---you are a class act!  I have greatly profited from the information you provide.