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Golden Jackass Time

79

It's a three-day market holiday weekend so you know what that means....a visit from The Golden Jackass, himself...Jim Willie. The last time we spoke was New Year's Eve and that seems like freaking years ago so, as you might expect, this is an update that you're going to want to hear.

Oh my gosh. It's always interesting to talk to Jim and he sure didn't disappoint today. This discussion is loosely based upon the three primary points below. However and in true Jackass style, you're going to get a lot in between.

  • We've discussed QE∞ for years and now here we are.
  • Have we arrived at "The Big Reset"? Will there now be a debt jubilee?
  • What has Jim heard about the current events in London and New York. Is the bullion bank pricing scheme beginning to fail? Will gold be re-monetized in the next iteration of a global monetary system?

Thanks for carving out some time to give this a listen. I hope you have a safe, relaxing and peaceful holiday weekend.

TF

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Blackwatersailor
Apr 11, 2020 - 9:28am

SteveW

If you want a horse to drink water do you. A: drag his ass to the creek and hold his head underwater until he collapses or. B: Run his ass for a couple of hours with no break and then put him beside the creek.

crylandjr
Apr 11, 2020 - 9:11am

Scientific Paper

Describing why the Covid19 test is bullshit. If you still think this is a real pandemic then this paper should be eye-opening. https://theinfectiousmyth.com/book/CoronavirusPanic.pdf

ag1969
Apr 11, 2020 - 8:55am

The first thing I have noticed...

...since returning is that I am much funnier. In the past few days, I have texted Billhilly's quarantine diary, someone's cockroach joke, and the parachuter who died of corona to group text threads with family, friends, and co-workers.

Not only were people laughing their asses off, but the comments that ensued were even funnier.

Thank you everyone! Those three things alone were worth the subscription.

“There is nothing in the world so irresistibly contagious as laughter and good humor.”
― Charles Dickens, A Christmas Carol

NUGTCALLBlackwatersailor
Apr 11, 2020 - 8:40am

Everyone needs to watch then share

The video, it a must watch. If you want to understand what is going on, please watch and share. Good must triumph over evil.

canary
Apr 11, 2020 - 8:30am

There're two things that make sense what J. Christian said...

1. Russia stopped buying gold, because they don't have money now.

2. A lot of people and institutions are forced to sell gold because of huge current obligations.

But other things he said, like that the refineries are working fine and there's plenty of gold around, don't make sense to me.

He also said, that the sellers can't sell gold at spot price, because they can't find buyers there, therefore they go to the futures market, where the buyer is always there.......I have no idea what to think of that.

happycamper515
Apr 11, 2020 - 4:54am

If you guys don't listen to

If you guys don't listen to Peter Schiff you should. Much better than anyone you'll hear on gold sites. He never talks even a minute about gold manipulation. He makes economic arguments for gold and in this particular video he talks about bitcoin too. He hates bitcoin so don't listen if you're into cryptos.

🔴More QEs than Super Bowls - Ep 560
streber
Apr 11, 2020 - 2:20am

Mine 9, Netflix 2019 Movie, I grew up with these people

based on a true story, the Quecreek Mine Rescue, 2002
https://en.wikipedia.org/wiki/Quecreek_Mine_rescue

here's a trailer
https://www.youtube.com/watch?v=PTX4WCkp16E

or maybe it was the UBB Mine explosion of 2010
https://www.pri.org/stories/2010-04-13/story-behind-upper-big-branch-min...
(12 min radio description by clicking top bar)

Anyway, I love these people.
I loathe the money changers & WS scum.
Fuk the FIRE eCONomy. The sooner it dies, the better.
Fuk Robert Rubin, Bill Clinton, Larry Summers, their little Keynesian, dwarf economist who still soils the news, et. al. & etc. who have sold the USA down the river of hell.
It's over now.

G'nite

SteveWBlackwatersailor
Apr 11, 2020 - 2:13am

Danielle DiMartino Booth

Thanks for posting this BWS. Sneaky of you not to mention where the China part arises. I guess you figured we should watch the entire interview. I agree, it's certainly well worth watching and has triggered a whole load of diverse thoughts.

My first thought concerned her age (not a gentlemanly thing to ask a woman) and so get a sense of her personal historical experience. She was born in 1971, I believe, 9 years after the JFK assassination. Thought of that since posters have mentioned their age at that time. I was 19 and starting University in England. Three years later with my degree I moved to graduate school at McGill in Montreal. I recall that there were two credit cards at the time AMEX and Diners club. Then I got a credit card through the mail from my bank in a mass mailing, even though I had no money, when Chargex was launched in 1968 (since rebranded as Visa). This was the first working man's credit card and the tiny wedge that opened up the credit explosion to the masses (at only 18-20% interest!) and perpetual slavery.

Growing up in England I well remember the food rationing that persisted until after the end of the war. In particular candy did not come off rationing until 1953 and meat not completely off rationing until 1954. The government provided medicine bottles of orange juice concentrate and cod liver oil for children. I got them mixed ugh, none of that capsule stuff. I guess that was the easiest way to get vitamin supplements. So my experience was quite different from someone in the US who in 1949 on their TV would hear "see the USA in your Chevrolet". So personally I have always been of the mindset that expenditures should be funded by savings whether it is personal or societal. Of course I took out car loans, but only on my first two vehicles and a home mortgage (as high as 9 and 3/4), yet even though I upgraded our house the mortgage was paid off in 19 years from my first 25 year mortgage. I have never carried a credit card balance except by a rare accident.

I think most of those here who are retired are of a similar mindset and I have never understood the idea of "keeping up with the Jones's", who cares. We are also most likely in an enviable position of not suffering a loss of income (at least if we have the insurance of gold). We might not have a large income but we likely have a surplus and so should contribute to the financial health of our local communities however that may be possible.

I think she is absolutely correct that the economy and particularly the lifestyle will not return to January 2020 style. I have the idea that after the currency collapse/reset/whatever, the lifestyle might well return to one similar to that of 50-70 years ago. Mass transit will replace commuting. Trips of 500-600 miles will use high speed rail with aircraft being used internationally and for journeys of 1000 miles or more. Cars will be used for family excursions and will be electrical. Fossil fuels will be largely reserved for chemical feedstock. Banks will become utilities. Well, one can dream that the world will become a better place once the rule of law is restored.

Alex777Blackwatersailor
Apr 11, 2020 - 1:29am

Trade agreement get out clause and Act of War?

Wow, what a strong interview. Danielle DiMartino Booth makes a stunning accusation at 1hr 23mins into the interview. Raises a lot of questions about the origin of the Virus???????

Ozymandias
Apr 11, 2020 - 12:43am

Are my testicles black

A suspected Covid-19 patient is lying in bed in the hospital, wearing an oxygen mask over his mouth and nose. A young student female nurse appears and gives him a partial sponge bath.
"Nurse,"' he mumbles from behind the mask, "are my testicles black?"
Embarrassed, the young nurse replies, "I don't know, Sir. I'm only here to wash your upper body and feet."
He struggles to ask again, "Nurse, please check for me. Are my testicles black?"
Concerned that he might elevate his blood pressure and heart rate from worrying about his testicles, she overcomes her embarrassment and pulls back the covers.
She raises his gown, holds his manhood in one hand and his testicles gently in the other.
She looks very closely and says, "There's nothing wrong with them, Sir. They look fine."
The man slowly pulls off his oxygen mask, smiles at her, and says very slowly,
"Thank you very much. That was wonderful. Now listen very,
very, closely:
"Are - my - test - results - back?"

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