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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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4 oz
Jul 5, 2020 - 11:35am

This is/was impressive.

This is/was impressive. Almost makes me think Cali will be Red in November... https://twitter.com/cjtruth/status/1279642813702045696

Funny as hell hearing the local news NOT deviate from TPTB narrative....

OceanX
Jul 5, 2020 - 11:34am

file under 'sunday humor'

WHEN YOUR BEST FRIEND IS A CRAZY CONSPIRACY THEORIST
dryambillhilly
Jul 5, 2020 - 11:23am

San Antonio

I have an extended family member in San Antonio. He's an ER doc. Yesterday in the ER 100% of his patients were CV-19 patients. New cases in SA alone two days ago was around 1400. He had to intubate one emergently such that he didn't have time to put on eye protection. Very dangerous stuff. Cases are growing exponentially. Anyone who wants to minimize CV-19 is simply not living in reality. Yes, certainly death rates have been declining do to better treatment protocols and lower age of those infected but also lower initial inoculums of virus when people do wear masks. Death is just one consequence, and people are well beyond being overly fixated on this data point. Being maimed for life with lung tissue being permanently ravished, having kidney failure, premature heart attacks and strokes, requiring life long blood thinners which can result in life-threatening bleeding, having ongoing disabling fatigue, all sorts of neurological issues, etc., etc. are things that are completely off the radar for so many people. It's Russian roulette even for the young and healthy; sometimes the gun goes bang and sometimes it doesn't. As Clint Eastwood would say in the Dirty Harry movies "do you feel lucky?" Unfortunately, CV-19 is going to be around for a long while, and thinking otherwise is magical thinking. Herd immunity or a successful vaccine are simply theories at this point in regards to CV-19. There is clear data that a large number of people never develop antibodies while others who do lose these antibodies after just after 2 months or so. There may be other mechanisms for immunity but the topic is simply all theory at this point. Life & parts of the economy must go on. Behavior must be different going forward. With rights come responsibilities. The more we all behave, the more freedom we will all have. Unprincipled protests are completely invalidating no matter what the issue is being protested. We all have WAY more in common than our differences. There is way too much extremism about so many different issues. Life is becoming really hard for a lot of people for so many different reasons. I hope people keep that in mind everytime they post something. Hope everyone continues to have a great time with their family and friends this holiday weekend. Peace.

Texas Sandmanbillhilly
Jul 5, 2020 - 11:00am

@billhilly

I'm in OK. There's a big increase in diagnosed cases here but no big surge in hospitalizations or deaths. Supposedly at Baptist in OKC there are 40 Covid patients in the ICU and there are a couple on ECMO. My impression is this is all much ado about nothing. We Covid test every patient coming to the operating room. Nobody has yet seen a positive test!

We shut down the economy to keep the hospitals from getting overrun and now that it's reopen, I see no signs that's happening.

We never should have shut the economy down in the first place. In retrospect, it would have been much more appropriate to have people over 60 or with comorbidities "shelter in place" while everyone else went about their business for the first couple months. Then when we had some sort of "herd immunity" let the oldsters out. Protect the old & sick without trashing the economy. But hindsight is always 20-20.

As things stand, decadron saves lives in covid patients severely enough affected to require supplemental oxygen, a drug we have in our anesthesia trays and use every day all the time to try and prevent postop nausea and vomitting. The people coming down with this are typically young and healthy and our means of treating this are much more robust. Soon we'll get herd immunity if we don't have it already.

Orange
Jul 5, 2020 - 10:53am
billhilly
Jul 5, 2020 - 10:48am

Sandman...

...I'd be interested in your view of the Virus stats in Texas. What are you seeing at your hospital ??? Thanks.

4 ozTexas Sandman
Jul 5, 2020 - 10:44am

Always Enjoy Reading You

"Keeping your mouth shut when you have nothing to say is an essential attribute of intelligence." --Texas Sandman

Tru'dat!

Texas Sandman
Jul 5, 2020 - 10:37am

I'm fine.

Not saying much because there really ain't much to say.

Premiums on gold & silver so high I don't want to buy. Prices not high enough I'd ever think of selling.

Sitting on my stack & waiting.

Making some coin by playing short dated DIA options around NYSE open. Building the size of that account to provide income. Will extend those strategies to retirement accounts rolling 401Ks over to an IRA so I can trade options in retirement. Looking forward to that retirement and trying to figure out where in the world I want to do it (NOT the USA). Beyond that trying to figure out how to minimize what will become rapacious taxes if Joe Biden or his ilk ever get anywhere near the WH.

Keeping your mouth shut when you have nothing to say is an essential attribute of intelligence. In the absence of knowledge one can propose an infinite number of theories. When I have nothing to say, I don't say anything.

Orange
Jul 5, 2020 - 10:18am
Island Tealzwartjens
Jul 5, 2020 - 10:12am

Jackass timer

15min was my max.....lollollollol​​​​​

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Key Economic Events Week of 5/3

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