Hippity-Hoppity, Jackass On His Way

130

For your holiday weekend listening pleasure, here's 75 minutes of fresh Jackass, recorded yesterday in our A2A webinar format.

Among the items discussed over the course of the event:

  • the long-term significance of yuan-denominated crude oil futures
  • Fed policy and long-term interest rates
  • the US trade deficit and its impact
  • the possibility/likelihood of a Russian "silver ruble"
  • what impact de-dollarization may have upon US expats living abroad
  • the definition of the term "global reset"
  • and much, much more!

Thanks again to The Jackass for volunteering his time and sharing his wisdom.

TF

Does Feb19 Comex gold close above $1250 on Friday?
YES
77%
NO
23%
Total votes: 137

  130 Comments

AGAU · Mar 31, 2018 - 7:40pm

Inheritance

Dave Smith is on his death bed and knows the end is near.

His nurse, his wife, his daughter and 2 sons are with him at his home
in London.

He asks for 2 independent witnesses to be present and a camcorder be
in place to record his last wishes.

When all is ready he begins to speak:

"My son, Bernie, I want you to take the Mayfair houses."

"My daughter, Sybil, you take the apartments over in the East end."

"My son, Jamie, I want you to take the offices over in the City."

"Sarah, my dear wife, please take all the residential buildings on the
banks of the Thames ."

The nurse and witnesses are blown away. They did not realize the
extent of his holdings.

As Dave slips away, the nurse says to his wife,

"Mrs. Smith, my deepest condolences. Your husband must have been such
a hard-working and wonderful man to have accumulated all this
property…………..

"Property?”, Sarah Smith replies. “The arsehole had a window cleaning
round."

Markedtofuture · Mar 31, 2018 - 8:44pm

Huge Caravan Of Central American Refugees Is Headed For The U.S

"Huge Caravan" Of Central American Refugees Is Headed For The U.S. Border

Thousands of Central Americans migrants have crossed immigration checkpoints, military bases, and police in a sprawling, chaotic march toward the United States, and so far no one has made any effort to stop them.

AKA AuAgforever AIJ · Mar 31, 2018 - 9:14pm

Log vs Linear

A great explanation from Parabolic Trav

Bitcoin - Understanding Logarithmic Price Action
Ben Stackin · Mar 31, 2018 - 10:41pm

here is your red pill video of the day...

Mockingbird media command performance courtesy of the CIA and our overlords... enjoy. This is the 2nd one of these compliations I've seen (different subjects), so it must be happening regularly across the country. Talking airheads. But they act SO SERIOUS!

https://twitter.com/twitter/statuses/980271401138520064

ps: some good memes in the other posts to PJW's twitter feed.... Nugent punching Boss Hogg, priceless..

Blackwatersailor · Apr 1, 2018 - 3:23am

And it begins

First a govt takes away the weapons of the population then well... things get ugly. So nows your chance. Either get this rescinded or suffer the consequences. This is what the Communists did in Russia and China. What happened in every despotic Nation in the last 100 years.

https://www.blacklistednews.com/article/64904/bill-passed-to-confiscate-...

This is where it starts. The camel nose under the tent. What do you think the next excuse will be to add the next group to the list.

knr999 · Apr 1, 2018 - 4:34am

Bitcoin low of the day

On investing.com. 6666.0

Some sort of April 1st joke?

Blackwatersailor · Apr 1, 2018 - 5:27am

The response to the Russian Propoganda

So we all saw the roll out of some of the Russian weapons and here is the response.

https://www.zerohedge.com/news/2018-03-30/lockheed-martin-patents-nuclea...

In my view it holds just as much truth. Now if it is true then my hat is off to the designers of this power plant. Have a few questions though. Why not do a big PR televised issue/event. As in my view this would be a game changer the world over. Pretty much the end of oil dependence around the world. Pollution that everyone is worried about comes to an end. Massive drop in electrical energy pricing. All kinds of applications. No actual power plant for display though. Huh.... No backing by the Gov't cause you know politicians wouldn't want to be associated with the positive benefits of this type of tech. Yeah... Think I'm not going to hold my breath on this one quite yet.

I would suggest the following reading. Little dated but good info.

https://www.iop.org/publications/iop/2008/file_38224.pdf

Aw crap. Just looked at the date. April fools eveyone. Good on you Lockheed you got me. Figured something didn't smell right.

On the other hand I'm pretty sure what ever is powering this vehicle isn't Fruity Pebbles.

Never Seen Anything Like This...

Go ahead and tell me that's a meteor. No reports of a plane exploding (last time I checked there is no large flash associated when passing through the sound barrier). No indication of exo-solar event (usually don't come with a sonic boom). Just adding it to the Huh file.

Markedtofuture · Apr 1, 2018 - 5:48am

Rob Kirby - Money Needed For Hyperinflation Already Printed

Published on Mar 31, 201

Forensic macroeconomic analyst Rob Kirby says “All the money needed for hyperinflation has already been printed.” Kirby contends, “It’s kind of like having a nuclear war, and people say where are the bombs going to come from? The bombs are going to come out of their silos. What people can’t believe or can’t wrap their head around is the notion and the fact that there’s $21 trillion or more that’s been ‘siloed.’ The money has been created and siloed. We know it’s been created because we know it flew through the books of the Department of Defense (DOD) and the Department of Housing and Urban Development (HUD). That’s just two government agencies. . . . We’re talking about tens of trillions of dollars. We don’t know exactly where they are or who controls them. . . . This is why you want to own some tangible stuff. This is why you want to own physical bullion, such as coins and bars, and you want to have them in your control.” Join Greg Hunter as he goes One-on-One with Rob Kirby of KirbyAnalytics.com.

Rob Kirby - Money Needed For Hyperinflation Already Printed
Boggs · Apr 1, 2018 - 8:56am

Happy Easter Turdville

Now unto him that is able to keep you from falling, and to present you faultless before the presence of his glory with exceeding joy,

To the only wise God our Saviour, be glory and majesty, dominion and power, both now and ever. Amen.

AGXIIK · Apr 1, 2018 - 9:01am

Here's a problem with the camel and the tent

The camel already owns the tent. We just rent.

AGAU Markedtofuture · Apr 1, 2018 - 9:33am

Refugees

The great unwashed rabble has not organized this , how do these folks think they will get into the US WHAT HAVE THEY BEEN TOLD TO EXPECT? , follow the money and I would bet you end up on doorstep of that slime bag Soros ! 

it will be another crisis to keep the heat on Trumps administration and keep every thing else off the front page . Next come the pictures and footage of "starving refugees" on our borders. If only some of the billions wasted on bullshit anti terror and military interventionism could be efficiently and honestly funneled to Central American shitholes to improve the lot of those countries, maybe the poor folks who risk their lives to drag their families northwards in hope of a better life would be able to stay at home. 

If we are going to continue fighting to overthrow legitimate leaders in the Middle East why not get down to Central America and rub out some of the despotic pshycos down there . Legalize the drugs and kill off the drug trade until then it will just get worse.

· Apr 1, 2018 - 9:35am

In case anyone missed this

China took the next major step in the challenging the Dollar's supremacy as global reserve currency (and internationalizing the Yuan) when on Thursday Reuters reported that China took the first steps to paying for crude oil imports in its own currency instead of the US Dollars.

https://www.zerohedge.com/news/2018-03-31/china-plans-pay-oil-imports-yuan-instead-dollars

chrtoo · Apr 1, 2018 - 10:04am

Happy Easter, Turdville.

A warning for those on the Left coast who still believe in the Easter Bunny.

CHR.

abguy4 · Apr 1, 2018 - 10:07am

what else happened in 1913? Hmmmmmm

In case you didn’t know, tariffs made up 95% of the US government’s revenue until 1913, at which point they switched to gaining money through taxing you. It's no coincidence that this isn't taught in schools.

https://www.investmentwatchblog.com/in-case-you-didnt-know-tariffs-made-...

chocolatechiphorses · Apr 1, 2018 - 10:15am

CHILE Mine Supply Down 20%

CHILE, WORLD’S FOURTH LARGEST SILVER PRODUCER: Mine Supply Down 20%

https://srsroccoreport.com/chile-fourth-largest-silver-producer-mine-supply-down-20/

Now, this is quite interesting because the preliminary mine supply figures published in the Nov 2017 Silver Interim Report, shows world silver production of 886 Moz in 2016 will decline to 870 Moz in 2017. According to the data from the 2017 Interim Report, the decline in world silver production was due to significant decreases coming from Chile, Australia and Guatemala.  Well, if world silver production was actually closer to 870 Moz in 2016, and we include the declines from those three countries than the forecasted global total for 2017 should be approximately 850 Moz.

Lastly, even though we may see an increase in silver production from Mexico, overall global mine supply will likely start to decline more rapidly over the next several years. Why? A stock market meltdown will destroy demand for base metals and the silver supply as a by-product of copper, lead and zinc production.

lakedweller2 · Apr 1, 2018 - 10:18am

Still Guns

First they came after the jobs and the money and you talked guns. Then they came after your healthcare, your schools and your retirement. You are still talking guns.

Ozymandias · Apr 1, 2018 - 10:58am

Since it's the weekend

SNIPER KNIFE

olivebranch · Apr 1, 2018 - 10:59am

Thanks!

I absolutely like Jim's guidance. It sheds light to so many deceptions around the world and reinforces what I have been suspecting all along.

canary · Apr 1, 2018 - 11:20am

Now I understend....

When I began investing I read two articles...

1. From Bill Fleckenstain....that gold had many powerful enemies.

2. (author unknown)...The way the stock market is design is to take money away from you (in this case ...me).

Fool me, expected to outsmart them with zero experience....Though the benefit of that (quite expensive)....is s the learning process...frustrating but interesting....

And the 'Futures Market' ...I consider to be the "evil creation number one" by the powerful banks...and above the law for the most part.

Edit....I'm still waiting for the day that Bill Fleckenstain admits gold manipulation and suppression.....For me to change opinion on that is unlikely.

chocolatechiphorses · Apr 1, 2018 - 11:33am

Rory Hall

David Moadel: Get Gold / Get Silver

22 minute video

canary · Apr 1, 2018 - 11:38am

BTC...thinking about reinvesting....where... $4,000 ?

fx_image.ashx?btcusd_w1_l.png&rev=636581

Or maybe there will be a "panic selling" like the miners in late 2015 ?....The way Wall Street banks operate, seems like they go "all the way" to the extremes....to either buying or selling exhaustion.

AKA AuAgforever AIJ canary · Apr 1, 2018 - 11:51am

Canary

I would recommend Litecoin.

Litecoin is silver to Bitcoins gold ( Charlie Lee, creator of Litecoin )

The analogy is similar IMHO; I would rather buy silver today than gold because the AU/AG ratio is in AG's favor. ( currently 81 ) 

The BTC / LTC ratio is at about 60. 

I am buying two assets currently; a little at a time adding to my current stack: 

  • Silver 
  • Litecoin

P.S. Try looking at Bitcoin in a log chart instead of a linear chart. A Log chart is much more accurate utilizing historical data in % moves instead of numerical movements. 

Markedtofuture · Apr 1, 2018 - 11:54am

How to Get Free Internet For Life!

Wow you can get free internet forever, and the highest speed internet too!

How to Get Free Internet For Life!
Markedtofuture · Apr 1, 2018 - 12:06pm

Trump calls for tough immigration reform after report of caravan

President Trump called on Sunday for "tough" immigration reform after a report stated a caravan carrying more than 1,000 people from Central America is traveling through Mexico, with their last stop intended for the United States in hopes of entering the states illegally or by asking for asylum. 

The caravan — organized by Pueblos Sin Fronteras, or People Without Borders — traveled through Mexico without authorization last week, BuzzFeed News reported on Friday. Officials in Mexico have not attempted to stop the migrants, about 80 percent of them from Honduras, according to the report. The group’s intent is to provide those people a safe way to travel to the U.S.

National Border Patrol Council (NBPC) union chief Brandon Judd told “Fox & Friends” on Sunday that the migrants are riding on the benefit of the catch and release program, when illegal immigrants are detained in the U.S. and released while they await for their court hearings.

Hundreds of Central Americans attend a mass before they begin a Via Crucis on Palm Sunday from the southern state of Mexico to the center and north of the country, demanding respect for their human rights, asylum and reports of violence in their countries in Tapachula, Mexico March 25, 2018. REUTERS/Jose Torres NO RESALES. NO ARCHIVES. - RC1DDBDE3160

Hundreds of Central Americans marching from the southern state of Mexico to the center and north of the country. (Reuters)

President Trump, who has vowed to end catch and release, tweeted Sunday morning that Republicans need to take the "nuclear option" when passing tougher immigration laws.

“Border Patrol Agents are not allowed to properly do their job at the Border because of ridiculous liberal (Democrat) laws like Catch & Release. Getting more dangerous. 'Caravans' coming. Republicans must go to Nuclear Option to pass tough laws NOW. NO MORE DACA DEAL!” the president tweeted.

Donald J. Trump@realDonaldTrump

Border Patrol Agents are not allowed to properly do their job at the Border because of ridiculous liberal (Democrat) laws like Catch & Release. Getting more dangerous. “Caravans” coming. Republicans must go to Nuclear Option to pass tough laws NOW. NO MORE DACA DEAL!

9:56 AM - Apr 1, 2018

Twitter Ads info and privacy

He added, “Mexico is doing very little, if not NOTHING, at stopping people from flowing into Mexico through their Southern Border, and then into the U.S. They laugh at our dumb immigration laws. They must stop the big drug and people flows, or I will stop their cash cow, NAFTA. NEED WALL!”

Donald J. Trump@realDonaldTrump

Mexico is doing very little, if not NOTHING, at stopping people from flowing into Mexico through their Southern Border, and then into the U.S. They laugh at our dumb immigration laws. They must stop the big drug and people flows, or I will stop their cash cow, NAFTA. NEED WALL!

10:25 AM - Apr 1, 2018

Twitter Ads info and privacy

“These big flows of people are all trying to take advantage of DACA. They want in on the act!” he said.

Donald J. Trump@realDonaldTrump

These big flows of people are all trying to take advantage of DACA. They want in on the act!

10:28 AM - Apr 1, 2018

Twitter Ads info and privacy

Organizers believe about two-thirds of the people in the caravan are planning to enter the U.S. illegally or by asking for protection, according to BuzzFeed. The caravan does not give the migrants the guarantee they will enter the U.S. and uses any form of transportation necessary to make it to the border. Most of the people are reportedly fleeing poverty and political unrest from their home country.

“First off, you have got a Mexican government entity that is assisting these individuals that are coming up to the United States,” Judd told “Fox & Friends.” “These individuals do not have passports or legal documents to be in Mexico, yet you got an agency that’s helping them get to our [U.S.] border.”

Judd said border patrol agents do not have the ability to stop the migrants at the border even if they only step one foot on U.S. soil. 

Hundreds of Central Americans attend a mass before they begin a Via Crucis on Palm Sunday from the southern state of Mexico to the center and north of the country, demanding respect for their human rights, asylum and reports of violence in their countries in Tapachula, Mexico March 25, 2018. REUTERS/Jose Torres NO RESALES. NO ARCHIVES. - RC194E1C4900

Hundreds of Central Americans attend a mass before they begin a Via Crucis on Palm Sunday from the southern state of Mexico to the center and north of the country, demanding respect for their human rights, asylum and reports of violence in their countries in Tapachula, Mexico March 25, 2018. (REUTERS/Jose Torres)

“Once they [the migrants] enter the country, even if we [border patrol agents] are standing at the border with our hands out saying, ‘Don’t enter, don’t enter,’ all they have to do is cross one foot into the border and we have to take them into custody,” Judd said. “If they ask for asylum or say I fear to go back to my country, then we have to process them under ‘credible fear’ which allows them to be released into our country.”

It’s unclear when the hundreds of migrants will be arriving to the U.S. border. Some of those who are traveling with the caravan are planning to stay in Mexico.

https://www.foxnews.com/politics/2018/04/01/trump-calls-for-tough-immigr...

matt_ · Apr 1, 2018 - 12:07pm

Bitcoin reality check

Bitcoin is a slow and expensive way to exchange for goods and services. Therefore, it has no utility other than as a purely speculative asset. I do believe at some point a cryptocurrency will be created that offers a private, inexpensive, rapid, and secure method of exchange for goods and services. Maybe one has been created that I don't know about, but Bitcoin certainly is not it.

Of course, truly private exchange would be difficult to tax. Any real threat to tax revenue will be outlawed under the guise of AML and anti-terrorism laws.

I own zero cryptocurrencies and won't touch them as an investment.

Angry Chef · Apr 1, 2018 - 12:44pm

"I've Never Seen Anything Like It" - Russia Declares 'Unusual'..

.....Missile Drill, Just Miles From Sweden

This is Russia's way of saying..." she just wouldn't stop talking ".

https://www.zerohedge.com/news/2018-03-31/ive-never-seen-anything-it-rus...

Provoke, provoke, provoke...except when somebody pokes you right back. And all you've got is..." I've never seen anything like it " !

Newager23 · Apr 1, 2018 - 12:54pm

Aucontraire

Yep, physical silver and Litecoin. I couldn't agree more. Both are cheap. Sure they could down further, but the risk/reward for the long term is excellent. My target for silver is $150 to $300. My target for Litecoin is $5,000. While $5,000 may seem unrealistic, if it gets above $1,000 that is only a 5 bagger. The risk is that it never reaches $1,000, but I'll take my chances. 

Ben Stackin · Apr 1, 2018 - 1:22pm

can anyone explain to me...

how non-real asset backed cryptocurrencies aren't just another fiat currency, albeit with somewhat limited liquidity and usability in the real world (at least for now)? And don't say "they aren't controlled by private central banksters" or the "clowns", because we really don't know that, do we? Or if they aren't controlled by banksters, how do we know they won't be marginalized by actions like what Trump took last week with regards to the Venezuela crypto when the banksters issue their own fiat cryptocurrencies?

I really want to know, I'm not being a smartass, and after all this back and forth on this board I still don't get it. Probably never will.

AKA AuAgforever AIJ Ben Stackin · Apr 1, 2018 - 1:45pm

Ben Stacking

Ben Stacking,

First there are three types: 

  1. Crypto curriencies like BTC and LTC used as "money" 
  2. Platforms like Ether and EOS
  3. Tokens which provide a blockchain disintermediation alternative to the legacy business model. 

Cryptos get value from their utility just like an excel spreadsheet or a powerpoint presentation. Bitcoin can transfer millions across the planet anonymously with small fees in a short amount of time. I know of no other asset that can do that.

The most interesting token is Populous; PPT. They go live May 1st with an invoice factoring trading platform utilizing a gold liquidity pool and Altman Z score analysis. So far the run in Cryptos has been speculative. Going forward it's the ones with the goods that will flourish and that number could be quite small. Buyer beware. 

Marchas45 · Apr 1, 2018 - 1:55pm

What A Dilemma Lol

Who Would Have Thought. Easter Sunday and April Fools Day on the Same Day. Maybe the Bankers Are Having Fun With Us. Keep Stacking

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Key Economic Events week of 12/17

12/17 8:30 ET Empire State Fed Manu.
12/18 8:30 ET Housing Starts and Building Permits
12/19 8:30 ET Existing Home Sales
12/19 2:00 ET FOMC Fedlines
12/20 8:30 ET Philly Fed
12/21 8:30 ET Q3 GDP final guess
12/21 8:30 ET Durable Goods
12/21 10:00 ET Personal Income, Personal Spending and Core Inflation

Key Economic Events week of 12/10

12/11 8:30 ET Producer Price Index
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12/14 10:00 ET Business Inventories

Key Economic Events week of 11/26

11/27 9:00 ET Case-Schiller home prices
11/27 10:00 ET Consumer Confidence
11/28 8:30 ET Q3 GDP 2nd guess
11/28 10:00 ET New home sales
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