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Fireworks with The Jackass

186

It's another three-day, U.S. market holiday weekend so you know what that means...a visit from our friend, The Golden Jackass himself, Jim Willie.

Much has changed since we last spoke with Jim a month ago...but much has stayed the same, too. If you want a reminder of where we left off in late May, here's the link: https://www.tfmetalsreport.com/podcast/10164/thursday-conversation-jim-w...

For today, I mainly just a dropped a quarter into Jim's back, pulled the string and left him go to town. You'll find that my voice fills only about two of the sixty minutes...and that's fine. You hear enough from me on a daily basis, anyway.

A few of the key subjects upon which The Jackass opined:

  • Covid, vaccines and his new report dedicated to health issues
  • The need for continuing, relentless and infinite QE
  • How The Fed is calling in select, dollar-based debt
  • The threats to and from the CCP
  • And a whole lot in between

Remember, you can find all of Jim's work at his website: www.golden-jackass.com

Have a great weekend!

TF

  186 Comments

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canary
Jul 5, 2020 - 10:03pm

Sudden jump in DOW futures

Gold and silver knocked down....Why? Another deceptive article about vaccine, perhaps?

Marcus
Jul 5, 2020 - 9:41pm

option question for board

If I continue to hold an in-the-money call on the day of expiration, without exercising it or selling it, will I be cash settled at the end of the day or will the call expire worthless? Or should I avoid any potential problem by exercising it, or selling it, prior to expiration? I'd hate to buy a call, see it go in-the-money, and then lose any profit because I was too stupid to know what to do.

Just trying to understand things before getting involved. Might buy a silver call for the first time.

Joseph Warren
Jul 5, 2020 - 9:38pm

Jubilee

Excellent interview. It’s good to see Jim is starting to come around. A few years ago he blew a gasket when Jubilee was brought up during our online live Q&A session. - As PM guys we know that bankster fiat debt note ‘money’, is a scam. It’s not backed by anything but US military power (the petrodollar) and the ‘full faith & credit of the United States (their ability to steal the wealth & labor of We The People by taxing us). The Federal Reserve & Income Tax were both created in 1913. The American people were set up as the human collateral for the banksters counterfeit ‘money’. Serfdom hasn’t ended; its just much more sophisticated today. The serfs are given enough toys & diversions to keep them dumb & compliant. - - Economist & historian Michael Hudson- who Paul Craig Roberts called the best economist today & the only one worth a damn- has pointed out that America & the West is dead without a debt Jubilee. - - It was said in the interview that Jubilee is great for the debtors, but terrible for the creditors. Do we allow counterfeiters of $100 bills to keep their gains ? Of course not. The banker gangsters have printed their own ‘money’, which is nothing more than ‘legal’ counterfeiting used to steal our real wealth & labor. They ‘loan’ thin air Nothing & charge interest on it; effectively it’s at a rate of Infinity. If That’s not usury, nothing is ! They’ve used their counterfeiting privilege to buy up & corrupt our media, political system, education, medicine, culture, markets, & just about every facet of society.

These same b*stards are the same ones who off shored our industry to China. Back in the 1970s, China couldn’t even feed her own people. Rockefeller was a great admirer of Mao. The banker & funny monied oligarchs see Communist 24/7 Surveillance Technocracy China as the perfect model for the world. They are gunning for the USA and have chosen Communist China as the next dominant world power. How bout instead we tell the Communists in China we’ll call us even for building them as an industrial power, if they forget about the debt ? Much better than fighting a thermonuclear WW3. America has been sold out by many traitors, but we still have a military that can put a hurt on people.

Theyre trying to engineer a re-set so they can either set up a new Ponzi pyramid. Or they may even try to toss all of that for a new digital credit/social credits system. It’s a pesky bother for them to deal with serfs who can vote in the booths or vote with their pocket books.

No one knows where all this will lead. We need a Jubilee from phony bankster fabricated ‘debt’. We need real money as outlined by the US Constitution. There would have to be some kind of intermediary system set up to enable us to go from the current debt serf system to that of a truly free American nation. Hopefully there are Americans with the courage, integrity, & wisdom to make this happen. Future generations are depending on us.

- JW

GoldHermitimfd
Jul 5, 2020 - 8:42pm

True

A de facto confiscation. Contrary to urban myth, safe deposit boxes were not raided. It was illegal to hold above a certain amount, which basically made it almost impossible to redeem it. I would guess it did happen though!

Doopleimfd
Jul 5, 2020 - 8:01pm

Be Careful of Who You Tell.

A very long time ago my grandmother was visiting us and she died suddenly. I was a budding young coin collector. My mother said "I have to get to Seattle tomorrow. Your grandfather when gold was becoming illegal filled two quart mason jars of $5/10/20 gold pieces and hid them in the cellar. She flew up the next day and the gold was not there. What happened? My grandmother had told one other person about the hoard. Her neighbor next door of 50 years and best friend. This gal also had keys to the house. End of story.

RickshawETFGoldHermit
Jul 5, 2020 - 7:52pm

Gold Confiscation

Like you, I've given this a lot of thought . . .

Here's my educated guess as to the order of [potential] confiscation:

1. Gold ETFs

2. Gold bullion (generic bars and rounds)

3. Gold issued by foreign sovereigns (any form)

4. Gold issued by the U.S. (current mint and proof coins)

5. Pre-1933 U.S. "collectible" gold coins

6. U.S. gold mines

7. Gold Jewelry

My gold stack is comprised of:

50% - "jewelry" (0.999 1 ounce gold bracelets)

25% - pre-1933 St Gaudens Double Eagles (all PCGS rated)

12% - foreign gold sovereigns (about 0.1866 oz per coin -- can be "thrown in" with pocket change, and probably not be noticed)

13% - in coins I like (Canadian 1 oz "Call of the Wild" series and Perth Mint's "Bird of Paradise" series).

imfd
Jul 5, 2020 - 7:50pm

Tolerance is rope

Give the ignorati enough of either and they will hang themselves.

imfdRickshawETF
Jul 5, 2020 - 7:44pm

I said to my kids...

The only thing you learn with your mouth open is how it tastes.

imfdGoldHermit
Jul 5, 2020 - 7:41pm

Gold confiscation

As I understand it, the gold was not confiscated as such but the government said you should sell it to them at the current price, and if you did not sell it, then it would become illegal to hold. Those who sold their gold to the government, shortly thereafter seen it revalued a third (?) higher. I have read quite a lot but never seen to much evidence of the government prosecuting people for holding on to their stash.

DeaconBenjaminGoldHermit
Jul 5, 2020 - 7:19pm

Gold confiscation

Not likely to confiscate gold jewelry.

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