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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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happycamper515
Apr 10, 2020 - 8:01pm

Market holidays and weekends

Market holidays and weekends have always been a welcome reprieve from the constant pounding PMs have taken the past 7 years. Now when gold looks like it's ready to make a run for a new ATH we get a freaking three day weekend. Open the markets and let's trade seven days a week while we have the wind at our backs

Boggs
Apr 10, 2020 - 7:58pm

It’s Good Friday

Today is the day we see our Jesus broken for us, he had no friends, ever his disciples left him, he was alone and left to suffer alone, but it is the greatest moment for us...Jesus defeated death, death is no longer our master, he rose that we would have life in him...Jesus has conquered death. The death of death in the death of Christ.

lakedweller2
Apr 10, 2020 - 7:24pm

DC Grand Jury

Jurisdiction is concerning crimes committed in DC. Nothing abnormal.

scoremore
Apr 10, 2020 - 7:20pm

Ole Uncle Willie is pure entertainment....

It is entertainment! Pure and simple!

Don't be confused.

WeWillWin
Apr 10, 2020 - 6:39pm

Multiple DC Grand Jury Subpoenas Issued

Finally .....

Even though we all expected it, John Solomon just confirmed, seconds ago on Sean Hannity's radio show, that multiple DC Grand Jury subpoenas have been issued on behalf of US Atty John Durham.

Posted 4/10: https://twitter.com/greggers4usa/status/1248701382166798342

.....

Boggs
Apr 10, 2020 - 5:59pm

QTR

“Just remember when Dems try to pin the blame on capitalism, what’s happening now with bailouts is nationalism and socialism. So don’t try to spin that shit around.

The “free market” CEOs who are now begging for bailouts can go fuck themselves.

Love,
capitalism”

Boggs
Apr 10, 2020 - 5:56pm

QTR

"Any company we are stupid enough to bailout should be required to maintain a capital buffer that allows it to survive for 2 years without cash flow. Also known as “just having money in the bank”. It’s what people used to do when “savings” mattered. And there was “interest”."

cyclemadman
Apr 10, 2020 - 5:18pm

Silver

After listening to Jim, the wife and I just deposited $5000.00 in cash into the checking account and we came home, funded our OneGold account with it, converted it to US silver in less time than it took me type this comment.

Stevediva
Apr 10, 2020 - 4:46pm

Another bunch of posts not favorable to JW?

I don't know If I can handle listening to Jim Willie right now.

Maybe in a day or 2 once I have read all these threads.

I am 100% confident the pdocast will contain some explosive theories, plausible or not.

SteveW
Apr 10, 2020 - 4:28pm

Inconsistent

I think Jim fails to paint a coherent picture. Take his hypothesis, repo's start in September, China says we won't take USD in November, the US gives them a virus and all hell breaks loose. OK, only a select few at the highest level know the truth about patient zero. His idea along with several other hypotheses can't be dismissed.

The actions of China are notable. They don't care about how many work hours a day or anything about the working conditions of their non-unionized slave population. Yet they lock down Wuhan, keep everyone home and cease production. They even bulldoze the roads making them impassable. This clearly demonstrate the virus is real and deadly and the city itself is under quarantine.

Then he says that the virus is no big deal, only a severe bronchitis. Then he goes on about citizen journalists finding empty hospital beds. As a statistician he should be the first to understand that empty beds indicate preparation for an exponential threat. Half of the cases appear in the last doubling period of an exponential.

He can't have it both ways. Either the Chinese got a lethal virus that blew back across the globe or it was no big deal.

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