TFMR Podcast #21 - Jim Willie Returns

One day Ill be first

Thanks Turd for all your efforts and hard work.  I really appreciate you putting together these podcasts.  :-)

Turd what you do here for us is so much appreciated and so important. As things are gathering momentum,  you are not letting the TPTB  wear you down , you are rising above silly bickering here and in fact you are upping your game.  Kudos.

I think this drags out much longer than anyone thinks. From a macro standpoint, interest rates will stay low. Really low for quite a while longer as all the paper tigers still flock to the dollar because believe it or not its the least damaged house on the block. Europe is in deep doo as is China, even more so. Actually we can only speculate to the amount of trouble China is in because nearly 50 percent of enterprises are state run and they are suppressing the realities of the awful situation they are in.

As we continue to go deeper and deeper in debt with no political will to take on austerity, the entities that buy our debt will demand a higher interest rates and the US will have to acquiesce. This will be the flash point or bang point that everything falls apart at. Whether this happens in 2013,14, 15 or later I think they can juggle the balls much longer than most think. They always do.  When we hit the point where the investment markets no longer have confidence in that stream of future revenues, then the discount rate will rise, and monetary policy won't be able to control it. Fiscal policy won't be able to control it. That is when all the stacking will have really payed off. That is when the new paradigm comes to fruition. Deflation would be nice, but thats just not in the cards Im afraid. Massive inflation/quasi hyperinflation is dialed in and the order of this decade. 

By the way, I am half way through the podcast. Nice work Mr.F

Cipher

Took in the entire interview. Had to repeat a few sections. Some of my favorite points:

1. Large customers with 4+ year old bullion accounts taking delivery this year are getting bars dated 2011. Hmmm LIFO at the bullion banks or fractional reserve/leasing of customers gold?

2. 5,000 tons leaving europe heading East. 20,000 tons of physical required if all customers were to do the "Hugo".

3. 10 yr UST at 1.77 now to go to 1.4 soon and suck in all other bond $$$$. MSM SCREAMING "you have to be in USTs" as a sign of federal system implosion.

4. Coming backwardation  of USD. Gotta get my head around that.

I subscribed to JW after the last TF interview. Glad I did.  BTW Santa and Rickards are contrarians on EURO. They say EURO will win a long victory.

Wow!   great stuff!  thank you!

Definately implies SHTF sooner than later.  Sobering stuff

He will rejoice when the US system as it is implodes.  He believes it will lead to states rights system closer to the original intent of the Constitution.  AND that the East wants this. Imagine that China and Russia being more in favor of a constitutional govt  in US. Banker owned Congress, President, Cabinet, Judiciary are working against a just system. Yet we must obey, while the quiet revolution (buying constitutional money) goes on.

Every time I listen to or read Jim Willie, I feel like we're fighting on the same side but I'm a grunt or a non-commissioned officer at best and he's seen all the intel and gone over all the maps.  It's fascinating to hear what everyone at HQ was looking at on the maps.  Will some of the intel turn out to be false?  Sure.  But he seems to know a ton of stuff that our corrupt, lapdog media wouldn't inform us of in a hundred years. 

As a kid or even 10 years ago I could never have envisioned  being happy that chinese and other interests were taking down U.S. banks but those banks are not my friends.  They would crush me, they would kill me for a dime's more return on any investment without a second thought.   

And to hear that the scum manipulating the PM's are having their ammunition taken from them makes it easier to bide my time, makes me feel more certain that I've done the right thing.

Thank you, Turd and Jim Willie have a great weekend both of you. 

Wow, that was a hell of an interview. So much to ponder.

@Cipher

I don't think so. There is so much that is happening behind the scenes in the bowels of these financial establishments that we can't know what the hell is going on. I don't even pretend to know a fraction of what JW was talking about, but most complex systems work until they don't. I really do believe that the end will happen over a weekend. Something will seem amiss on Friday and come Monday the whole damn thing will be broken. The challenge is to listen and try to figure out which weekend. Good luck and Godspeed.

All I have to say!  Best podcast yet!  

I totally agree. However, all those fixes will do is save the system. Where I differ is that I do not believe that the system can be or should be saved. The debt numbers are simply too large. SS, Medicare, and really all federal giveaways need to stop. We need a really small federal government with extremely limited powers, just like the plan says. Fixing the tax system because we perceive it to be unfair assumes that it should be fixed. I don't.

We need to start over. Maybe this belief is why I think the crash will happen fast. You know, wishful thinking. In the end, I just want this fake existence to end for my kids. I simply want to keep the fruits of my labors and spend time with my family and friends.

Best to you and yours.

enough said.

It blew my socks out.

One slight point if i may...i don't think this derivative ponzi scheme will crack by accident, because poor old Jamie made a mistake. I think it will do so by design. This is what they have always wanted to happen. It is the ultimate excuse for martial law, for bank holidays, and for stealing whatever paper wealth Joe Sixpack has left.

Just wondering if someone has any idea what would take place if we had a " default and restructure" of the dollar?

IMHO, Jim Willie is the MAN.  On JPM (LOL)

"JPM is too big to fail, too big to control, too big to govern, too big to confront, too big to punish, too big to liquidate, too entrenched to change"

He is pessimistic for the future of the USA.  He does give PM investors a lot of encouragement in his latest letter, however.  

"Down the road in the near future, the price attacks will be on the upside, since the Eastern Coalition will not see the ample stacks of gold bars in London or New York or Swiss to pursue in raids with low-ball price held with brute force. Then the gold price will zoom past the $2000/oz price. Silver will tag along for the ride in a similar fashion, zipping past $80/oz. The incredulous will simply have to watch, wait, and see. The naysayers are worth ignoring, since they cannot explain a single event in the mounting crisis."