TFMR Podcast #39 - The Full Willie

122

Our most-requested guest returns today and you're in for a treat.

Now, I always try to be respectful of your time...and attention span. Therefore, I try to keep these podcasts to something less than 30 minutes. However, visiting with The Jackass is something entirely different and this baby clocks in at about an hour and ten. If you don't have that much time or interest, then you are certainly entitled to skip around and cut the thing short. However, we live in tumultuous times and 2013 promises to be a year of significance, so I strongly encourage you to listen to this entire interview. Maybe break it up into 20 minute intervals if you must. But, The Brain of The Jackass is large and complex. If you skip around too much, you're likely to miss something.

So, if you're ready...kick back, relax and hit the play button.

TF

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Mr. Fix
Feb 4, 2013 - 12:02am

@ Mariposa de Oro

Yes, and yes.

Mariposa de Oro
Feb 3, 2013 - 11:48pm

Nice job

Thanks! The other actors all thought I was really a bailiff, lol. Must have been my five years active duty in the Army. Now, if only the director had been so impressed!

You're up kind of late, aren't you? Can't sleep?

Mr. Fix
Feb 3, 2013 - 11:40pm

Mariposa de Oro

I almost forgot, the movie was good. Nice job!

Mariposa de Oro
Feb 3, 2013 - 11:21pm

Thanks Mr Fix

The Republic of the Marshall islands was a possession of the US just after WWII but gained independence in 1986, I believe. This is a sovereign nation that is VERY dependent on the US. I have no idea what the RMI leadership is planning re the future of the dollar. Very few Americans here even know what's going on, much less what's happening to isolate the dollar on an international level. I doubt any of the local nationals are informed. I prefer not to go asking around either. I very much like my low profile here. I make a point of not moving in the muckety muck social circles. If I could make myself invisible, I would. Except for when I'm singing at the Sunday Night Karaoke. Then I'm a bit of a ham-bone, lol.

Mr. Fix
Feb 3, 2013 - 10:57pm

RE,Mariposa de Oro

Although it was not mentioned in this particular podcast,

I have heard Jim Willie assert in past presentations that also the dollar will face a massive devaluation with in the United States, it will still be honored at full value outside of the United States. I'm not sure exactly what the logistics involved would be to accomplish that, but I can only assume that they are going to have to build some kind of virtual wall around the United States, i.e. capital or currency controls,

so that the dollars within the United States will be trapped there.

I am pretty sure that that particular assertion was made in the December podcast, where he stated that the dollar would be devalued anywhere from 30 to 50%, within the United States, but it would not be decided outside of the United States.

I do not recall him going into any further details.

Also, it would be good for you to determine whether that would apply to your island or not.

I do know that he did not make a distinction between the continental United States, the mainland, or referred to “possessions” or “colonies” and I don't remember the distinction of your island. But you have a valid concern,

I do know that there are many countries outside of the United States that use the dollar as their primary form of currency, and I suspect there is going to be a distinction made, that some of these other countries are not affected same way.

Mariposa de Oro
Feb 3, 2013 - 10:33pm

Dollarized Countries

While listening to JW speak about the dollar being isolated, I wondered about dollarized countries and what they will do. Has anyone heard anything about that?

Key Economic Events Week of 5/25

5/26 8:30 ET Chicago Fed
5/26 10:00 ET Consumer Confidence
5/27 2:00 ET Fed Beige Book
5/28 8:30 ET Q2 GDP 2nd guess
5/28 8:30 ET Durable Goods
5/29 8:30 ET Pers Inc and Cons Spend
5/29 8:30 ET Core Inflation
5/29 9:45 ET Chicago PMI

boatman
Feb 3, 2013 - 4:30pm

puck

i see what u were trying to say and i do agree.

obiwanRGINSAT
Feb 3, 2013 - 12:50pm

RGinSAT option expiration chart

RGinSAT, Can you provide a link for the option expiration chart that you mention? Thank You!

obiwan

The man who stole a leopard
Feb 3, 2013 - 12:42pm
silver66
Feb 3, 2013 - 10:22am

Weird theories

Noticed that a few posters have said JW believes in weird JFK theories , therefore they discount him on gold. If find that interesting and understandable, but maybe they should be careful with that reasoning.

I have a friend who is tops in his field, well respected and knows his "S#@t". He is paid a significant amount of money to do what he does by people and organizations that would not use him in a heart beat if he was not competent.

He is a total fustercluck with other areas of his life. In fact in discussions about these areas he is "weird" or has some very different ideas, other friends and I often comment " how can someone be so friggin smart in one area and so out to lunch in others". Perhaps it is the curse of genius, I don't know.

My point is, if I needed him to solve a problem that he is world renowned for and I based my competency decision on his conversations on the other areas that he has weird theories on, I would not hire him and it would be to my detriment.

I would lik to suggest with JW, listen to what he says about gold, think and apply your own reasoning and don't discount based on his "weirdness of thought in other areas"

My 2 cents

Silver66

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Key Economic Events Week of 5/25

5/26 8:30 ET Chicago Fed
5/26 10:00 ET Consumer Confidence
5/27 2:00 ET Fed Beige Book
5/28 8:30 ET Q2 GDP 2nd guess
5/28 8:30 ET Durable Goods
5/29 8:30 ET Pers Inc and Cons Spend
5/29 8:30 ET Core Inflation
5/29 9:45 ET Chicago PMI

Key Economic Events Week of 5/18

5/18 2:00 ET Goon Bostic speech
5/19 8:30 ET Housing starts
5/19 10:00 ET CGP and Mnuchin US Senate
5/20 10:00 ET Goon Bullard speech
5/20 2:00 ET April FOMC minutes
5/21 8:30 ET Philly Fed
5/21 9:45 ET Markit flash PMIs for May
5/21 10:00 ET Goon Williams speech
5/21 1:00 ET Goon Chlamydia speech
5/21 2:30 ET Chief Goon Powell speech

Key Economic Events Week of 5/11

5/11 12:00 ET Goon Bostic speech
5/11 12:30 ET Goon Evans speech
5/12 8:30 ET CPI
5/12 9:00 ET Goon Kashnkari speech
5/12 10:00 ET Goon Quarles speech
5/12 10:00 ET Goon Harker speech
5/12 5:00 ET Goon Mester speech
5/13 8:30 ET PPI
5/13 9:00 ET Chief Goon Powell speech
5/14 8:30 ET Initial jobless claims and import prices
5/14 1:00 ET Another Goon Kashnkari speech
5/14 6:00 ET Goon Kaplan speech
5/15 8:30 ET Retail Sales and Empire State index
5/15 9:15 ET Cap Ute and Ind Prod
5/15 10:00 ET Business Inventories

Key Economic Events Week of 5/4

5/4 10:00 ET Factory Orders
5/5 8:30 ET US Trade Deficit
5/5 9:45 ET Markit Service PMI
5/5 10:00 ET ISM Sevrice PMI
5/6 8:15 ET ADP jobs report
5/7 8:30 ET Productivity
5/8 8:30 ET BLSBS
5/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 4/27

4/28 8:30 ET Advance trade in goods
4/28 9:00 ET Case-Shiller home prices
4/29 8:30 ET Q1 GDP first guess
4/29 2:00 ET FOMC Fedlines
4/29 2:30 ET CGP presser
4/30 8:30 ET Pers Inc and Cons Spend
4/30 9:45 ET Chicago PMI
5/1 9:45 ET Markit Manu PMI
5/1 10:00 ET ISM Manu PMI

Key Economic Events Week of 4/20

4/20 8:30 ET Chicago Fed
4/21 10:00 ET Existing home sales
4/23 8:30 ET Weekly jobless claims
4/23 9:45 ET Markit flash PMIs
4/24 8:30 ET Durable Goods

Key Economic Events Week of 4/6

4/8 2:00 ET March FOMC minutes
4/9 8:30 ET Producer Price Index
4/10 8:30 ET Consumer Price Index

Key Economic Events Week of 3/30

3/31 9:45 ET Chicago PMI
4/1 8:15 ET ADP Employment
4/1 9:45 ET Markit manu PMI
4/1 10:00 ET ISM manu PMI
4/2 10:00 ET Factory Orders
4/3 8:30 ET BLSBS
4/3 9:45 ET Market service PMI
4/3 10:00 ET ISM service PMI

Key Economic Events Week of 3/23

3/24 9:45 ET Markit flash PMIs
3/25 8:30 ET Durable Goods
3/26 8:30 ET Weekly jobless claims
3/27 8:30 ET Personal Inc and Spending

Key Economic Events Week of 3/9

(as if these actually matter)
3/11 8:30 ET CPI
3/12 8:30 ET weekly jobless claims
3/12 8:30 ET PPI
3/13 8:30 ET Import Price Index

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