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Thursday Conversation - Jim Willie


Our daily podcast series concludes today with a visit from our old pal, The Golden Jackass himself, Jim Willie. As with all of the other discussions this week, this podcast today is FREE and PUBLICLY available to all. So please have a listen and, when you're done, feel free to forward some or all of these discussions to anyone you know who is taking a renewed interest in the precious metals and the changing global monetary system.

For today, I asked Jim to primarily focus upon just one topic....something that Luke Gromen brought up back on Monday. Namely, are The Fed and the other major central banks simply calling in as much debt as possible, making the holders "whole" in current terms and then setting the stage for some sort of monetary reset?

If you know Jim, all I had to do was get him started. He took the bit and ran with it so this podcast doesn't simply focus upon that primary question...The Jackass never disappoints with all sorts of extra, helpful information along the way.

Thanks for listening and thanks for your patience this week as I've been away. Regular TFMR service will resume tomorrow but until then, please enjoy this final podcast installment.




Jun 5, 2020 - 9:05pm

Re: McCartney

Heard on a radio show, people were bagging on him for writing lightweight stuff, so... He wrote "Silly Love Song", went to #1 for weeks! ;-)

J Siefertcashonly
Jun 5, 2020 - 1:23pm

Don't worry

Craig will sort it out soon enough!

Jun 5, 2020 - 12:19pm

Need updated Charts

Craig, we need updated charts of Silver and Gold with this down now. This is more important than vacations. Your interperation is also needed.

Jun 5, 2020 - 11:40am

John Lennon's song; Yesterday

OMG, you're of the age to know this stuff. All of the output of John and Paul went under the moniker Lennon/McCartney since although one of them might be the composer they did give each other suggestions.

Now "Yesterday" just like "Michelle" absolutely screams McCartney while "Imagine" for example is so John.

Jun 5, 2020 - 11:11am

Ominous feel to this - Reeks of desperation

TPTB are desperate and no one should have expected them to give up easily. The past few days have had an ominous feel to them IMHO. The 10-yr has magically skyrocketed prior to the most bogus job numbers ever, stocks have been pounding higher every single day while the real world is falling apart. CDG getting absolutely hammered. It feels like a very orchestrated strong handed attempt at pushing the elite's narrative. I'd be very cautious here. I have flashbacks to when CDS got completely decimated just after touching $50. happened to be working the night CDS dropped over 5% in a millisecond, and I was watching real time in the middle of the night. I do not like the feel of the max smoke & mirrors we are seeing. I closed over half of my miners Wednesday, closed more yesterday, closed the few remaining ones this morning, and even bought a put option on First Majestic as I know that is a favorite stock for the evil side to knock down.

Jun 5, 2020 - 11:07am


Probably a bunch of well armed people protecting their homes and businesses. Nothing to see here.

Jun 5, 2020 - 11:02am


I tried to point out last weekend that there are still many unknowns with this situation. It was probably a pointless endeavor.

You raise one such question about the knee on neck thing. Paul Craig Roberts (I believe it was) claimed recently that the Minneapolis police were taught this technique by the Israelis. Other sources say it's very unlikely that that is part of their training. So, like much else in life, we'll see.

Andy McCarthy had some interesting questions in an NRO piece the other day as well.

Abolish the police department! Now that is HILARIOUS. You almost want them to....

Jun 5, 2020 - 10:50am

So Far

FBI has determined antifa claims false, but has found credible threats from the extreme right.

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Jun 5, 2020 - 10:42am


Banks gotta bank!

Anyone find it odd that a bit ago that all three, GDX, GDXJ and Newmont were all down exactly 3.59 percent?

It's almost like computers sell the perfect percentages of each and ever one of these.

Just a coincidence I'm sure.

Jun 5, 2020 - 10:30am

@ Murphy

I subscribe to Mikes work and I can recommend it wholeheartedly

Scoremore thanks for the info re unemployment number, I was wondering how they polished that shitstick, it doesn't matter how much ya varnish a turd , it's still a turd (no offence Bwana!)

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Key Economic Events Week of 1/18

1/19 10:00 ET Mother for SecTreas hearing
1/20 12:00 ET POTUS Inauguration
1/21 ECB meeting and rate decision
1/21 8:30 ET Housing Starts
1/21 8:30 ET Philly Fed
1/22 9:45 ET Markit flash PMIs (Jan)

Key Economic Events Week of 1/11

1/11 12:00 ET Goon Bostic speech
1/12 10:00 ET JOLTS job openings
1/13 8:30 ET CPI
1/13 1:00 ET Goon Brainard speech
1/13 2:00 ET Beige Book
1/14 8:30 ET Import price index
1/14 12:30 ET Chief Goon Powell
1/15 8:30 ET Retail Sales
1/15 8:30 ET PPI
1/15 9:15 ET Cap Ute and Ind Prod
1/15 10:00 ET Business Inventories

Key Economic Events Week of 1/4

1/4 9:45 ET Markit manu PMI
1/4 10:00 ET Construction Spending
1/5 Georgia U.S. Senate election
1/5 10:00 ET ISM manu PMI
1/6 US election certification
1/6 8:15 ET ADP Employment Report
1/6 9:45 ET Markit service PMI
1/6 10:00 ET Factory Orders
1/6 2:00 ET December FOMC minutes
1/7 8:30 ET Trade Deficit
1/7 10:00 ET ISM service PMI
1/8 8:30 ET BLSBS
1/8 8:30 ET Wholesale Inventories

Key Economic Events Week of 12/21

12/21 8:30 ET Chicago Fed
12/22 8:30 ET Q3 GDP final guess
12/22 10:00 ET Consumer Confidence
12/23 8:30 ET Durable Goods
12/23 8:30 ET Personal Inc and Spending
12/23 8:30 ET Core Inflation

Key Economic Events Week of 12/14

12/15 8:30 ET Import Price Index
12/15 8:30 ET Empire State Index
12/15 9:15 ET Cap Ute and Ind Prod
12/16 8:30 ET Retail Sales
12/16 9:45 ET Markit flash PMIs Dec
12/16 10:00 ET Business Inventories
12/16 2:00 ET FOMC Fedlines
12/16 2:30 ET Chief Goon Powell presser
12/17 8:30 ET Philly Fed
12/18 8:30 ET Current Account Deficit
12/18 10:00 ET LEIII

Key Economic Events Week of 12/7

12/8 8:30 ET Productivity & Unit Labor Costs
12/9 10:00 ET JOLTS jop openings
12/9 10:00 ET Wholesale Inventories
12/10 8:30 ET CPI
12/11 8:30 ET PPI

Key Economic Events Week of 11/30

11/30 9:45 ET Chicago PMI
12/1 9:45 ET Markit Manu PMI Nov
12/1 10:00 ET ISM Manu PMI Nov
12/2 8:15 ET ADP Employment Report
12/3 9:45 ET Markit Services PMI Nov
12/3 10:00 ET ISM Services PMI Nov
12/4 8:30 ET BLSBS
12/4 8:30 ET US Trade Deficit Nov
12/4 10:00 ET Factory Orders

Key Economic Events Week of 11/23

11/23 9:45 ET Markit flash PMIs
11/23 1:00 ET Goon Daly
11/23 3:00 ET Goon Evans
11/24 9:00 ET Case-Shiller home prices
11/24 10:00 ET Consumer Confidence
11/24 11:00 ET Goon Bullard
11/24 12:00 ET Goon Williams
11/24 12:45 ET Goon Chlamydia
11/25 8:30 ET Q3 GDP 2nd guess
11/25 8:30 ET Durable Goods
11/25 10:00 ET Personal Inc and Spend
11/25 10:00 ET Core inflation
11/26 US Market holiday

Key Economic Events Week of 11/16

11/16 2:00 pm ET Goon Chlamydia
11/17 8:30 ET Retail Sales
11/17 8:30 ET Import Price Index
11/17 9:15 ET Cap Ute and Ind Prod
11/17 10:00 ET Business Inventories
11/17 1:00 pm ET Chief Goon Powell
11/18 8:30 ET Housing Starts
11/18 1:20 pm ET Goon Bullard
11/19 8:30 ET Jobless claims
11/19 8:30 ET Philly Fed

Key Economic Events Week of 11/9

11/9 1:30 pm ET Goon Mester
11/10 7:30 am ET Goon Kaplan
11/10 10:00 ET JOLTS job openings
11/10 10:00 ET Goon Rosengren
11/11 Veteran's Day. Bond market closed.
11/12 8:30 ET CPI
11/12 11:45 ET Chief Goon Powell
11/12 2:00 pm ET Federal budget
11/13 7:00 ET Goon Williams
11/13 8:30 ET PPI
11/13 8:30 ET Goon Bullard
11/13 10:00 ET Consumer sentiment

Forum Discussion

by 11IMIX, 2 hours 21 min ago
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by 11IMIX, 5 hours 13 min ago