Access to Access #2a - Jim Willie, Part II


We conclude our conversation with Jim Willie with this second podcast. In this segment, we discuss China and the eventual move away from dollar hegemony as well as the continuing raid on the GLD and other stores of physical gold around the world. We then conclude with some miscellaneous topics and a new feature I call the "Final Four". I hope you find this second installment to be entertaining and informative.


Aug 10, 2013 - 7:02am

Jim Willie

Following earlier post, I was able to listen only after downloading the Podcast.

I think Jim is great and I, personally, would rather have my Gold holdings in physical but, perhaps in part as a "Devil's advocate", we can't have it both ways and, in defence of GLD as follows:

  1. In discussing the Shanghai premium correlating to physical withdrawals from GLD. As a statistician, Jim knows very well that Correlation is NOT the same as causation.
  2. There IS physical Gold in GLD, it's just that small investors can't get to it. If there were no Gold in GLD, the AP's would not be able to take it out and thereby reduce the total inventory.
  3. I have many highly intelligent investor friends who don't necessarily WANT the agravation of holding physical Gold and do not view Gold the way we do here. These folks are happy to take a Fiat gain in GLD after the price of Gold rises. If Gold goes to $2K per oz. again, the price of GLD shares will reflect the new price and these investors will be happy to take profits in Fiat at that time.
  4. The price of GLD units accurately reflect the spot price of Gold. For every share that is sold, there has to be a buyer. This does NOT in itself, result in ANY change in GLD inventory because the number of GLD shares outstanding remains exactly the same. It takes an AP to buy 100K shares in GLD to withdraw physical inventory, at which point, the inventory declines and the number of GLD shares outstanding declines commensurately.
  5. In view of ALL of the above, I truly can't see what is wrong with GLD as such for people who just want to profit from the change in the price of Gold and who are Fiat-based investors, perfectly prepared to take profits in Fiat.
  6. By the way Jim, Australia IS an Island (The world's largest in fact) AND Hong Kong has an enormous problem with the polution coming down from Guangzhou and Guangdong Province.
Aug 10, 2013 - 7:09am

I can't listen to the

I can't listen to the "Willie" much more after the "Nukes under Japan" comment.

Discredited most everything being said with such a comment. sorry

Aug 10, 2013 - 8:12am

13th. Or 14th.???

Look Ma, no hands, see what I did ? That's what I am reminded of when I see the beginning comments. Especially ridiculous when there are no comments made except , I'm Furst. It's funny how members have reacted to the "nuke" comment. All credibility is instantly gone. He's crazy, his head is too big. Geeze

Urban Roman
Aug 10, 2013 - 9:39am

Hey Turd,

It seems awfully slow in here. Did your webmonkeys mess up a script or something?

We saw some complaints of unresponsiveness, and now only a handful of folks are posting.

It's working for me using Ubuntu/Firefox, and I haven't flushed my cache for several days.

... FWIW

Aug 10, 2013 - 9:47am

jim willie narrates conspiracy theories as if they were

truth already verified. a lot of what he says is covered by sources throughout the gold/silver communities. his value is his tongue-in-cheek, sensational effects.

sinclaire warned about a final washout that the manipulators would orchestrate to flip to the long side.

nuke to cause japan's earthquake/tsunami may be very hard to believe. but we live in a world where elites took down wtc and killed thousands in order to launch wars.

which one is truly harder to believe?

Aug 10, 2013 - 9:58am

For Mr. Willie's Critics

At least two commenters have referred to one specific point of Mr. Willie's as farcical, rendering him literally incredible. I invite critical observation:

As for JFK, Mr. Willie said that he did not specifically believe the Greek tale, but that it comes from sources who should not be discounted, and hence he feels the "theory" should not be dismissed out-of-hand.

Aug 10, 2013 - 9:59am

Saturday Morning News: World

Obama's Pullback Dooms the Mideast - David Francis, The Fiscal Times

Germany Sleeps on a Volcano - Jurgen Habermas, Der Spiegel

The Secret Blueprint for al-Qaeda's Jihad - Rukmini Callimachi, AP

Egypt's Path to Democracy - Sens. McCain & Graham, Washington Post

Dream of Muslim Democracy Is Dead - Yasmin Alibhai-Brown, Independent

Obama Waffles and Fails in Egypt - Jonathan Tepperman, NYT

China's Syria Connection - Hugo Brennan, The National Interest

Don't Hold U.S.-Russian Ties Hostage to Snowden - Nikolas Gvosdev, WPR

Neocons vs. Isolationists: Let the Fun Begin - Matthew Duss, Am. Prospect

Polygamy Could Help Russia - Zotin & Kvasha, Kommersant/Worldcrunch

Japan Should Learn from History - Lu Yu, Xinhua News

Italian Politics: Racist or Insane (or Both)? - Tim Hedges, The Commentator

Why Europe May Play a Big Role in Palestine - Alan Philps, The National

How Many Acid Attacks Occur in the World? - Tom de Castella, BBC News

Why I Hate the English Countryside - Toby Young, The Spectator

The BBC's Intergalactic Export - Ludovic Hunter-Tilney, Financial Times

Assad May Be Losing the Financial Battle - The Economist

The Latest Gruesome Outrage - Dawn

Conservatives Dumping "Detoxified" Tories - Daily Mail

A Troubling Repression in Myanmar - Los Angeles Times

The Dangers of Intervention in Syria (PDF) - Cato Institute

Algeria's Critical Juncture - Institute for Near East & Gulf Military Analysis

Everything You Need to Know About U.S. Aid to Egypt - ProPublica

Syria: Deterioration or Compromise? - Oxford Research Group

Obama's War by Wordplay - Charles Krauthammer, Washington Post

Dealing with the McQaeda Franchise - Fareed Zakaria, Time

How al-Qaeda Won the Arab Spring - Marc Lynch, Foreign Policy

Iran's Plan B for the Bomb - Amos Yadlin & Avner Golov, New York Times

Feebleness in the Executive - William Kristol, Weekly Standard

The Wrong Way to Punish Putin - Daniel Treisman, Foreign Affairs

Why American Primacy Is Not Assured - James Holmes, The Diplomat

Greece Becoming the New Kosovo - Ambrose Evans-Pritchard, Telegraph

Will Marina Berlusconi Carry on the Dynasty? - Maria Corbi, Stampa/WC

Haiti: Different Faces, Same Corruption - Frandley Julien, Miami Herald

Politics a Blood Sport in Australia - John McTernan, The Scotsman

Why Are Foreigners Fleeing India's Economy? - Jason Overdorf, Global Post

Britain Should Embrace Rising Power Nigeria - Ian Birrell, The Guardian

Israel and the Gulf States: It's Complicated - Raphael Ahren, Times of Israel

Brazil's Problems May Be Just Beginning - Tim Fernholz, Quartz

Egyptians Outraged by Outreach to Brotherhood - R. Ibrahim, PJ Media

Russia: The Next Third Reich? - Anna Nemtsova, The Daily Beast

Aug 10, 2013 - 10:04am


sorry, but as soon I saw "Willie part #2", I started gigling, saying to myself, OH GOODIE, as you just know you are in for a real show, Dr Willie always gets you pumped up!!

Americans taking notice:

Gross Google Statistic Highs, Americans Taking Notice
2012 Presidential Run, 12,300, 18,300, 18 (2009-2012 100-VotesOralComm)
2016 Presidential Run, 28,100, 90,700, 51 (2013-2016 008-VotesOralComm)
(Updated Periodically 2013-2016)

Turd has his name and big yellar, an excellent trademark, but I got Major General Uncle Billy T Sherman trademark, (liberating his countrymen and burning paper money in the march to the sea, and thanks of congress), that will out do that big yellar. Got out the tux shirts, broke out the diamond gold bobbles, resizing 3 gold rings been 20 years, belts remade, etc, for the presentations. On 8/13/13 will make my first campaign presentation, in full battle uniform, glittering of course, to a very small group of Orange County Libertarians, those poor things have not seen nothing yet.

Bachman Turner Overdrive - You Aint Seen Nothing Yet

Libereen Freedom Platform

Libertarian Presentation of Freedom Platform

Its Time to Start Campaigning

Invitation to the Libertarians

Video unavailable

Present thinking is to have Senator Rand Paul run as and become VP, but he would have a highly active, visible and indispensable role, mostly before congress to help the administration press forward necessary bills before congress, thereby grooming Senator Rand Paul for the Presidency in 2020, after perfecting dynamic changes to right the ship of state and restore Freedom, Liberty, and the Republic for which the US flag should stand.

This day sent tweets to DNC GOP GreenParty NRA TeaParty ConstitutionParty.

Now, with some jet fuel, (coffee), its on to Dr Willie, and Green Eggs and Ham.

James G Rickards / China Out of the Hat

Aug 10, 2013 - 10:45am

@Urban Roman

From here in Indonesia, I never have problems connecting but I DO still have problems refreshing the site and frequently have problems with a "Narrow" view on refreshing. According to Admin, this a cache and/or Java script issue so I guess I must clear the cache each time before I refresh TFMR and/or disable scripting, which causes other problems Wish I had the time? These problems, for me, are unique to TMFR. I use mostly Windows 7 and Firefox over a 4Mbps connection.

Aug 10, 2013 - 11:08am

Just For Kicks...

...While doing a little business at Bank of China in Beijing (very little business, mind you), I decided to ask about buying gold or silver. Among a very few specialty items, they offered a 1 oz. silver Panda for something around US $65, but they also had one of those 100-year BoC anniversary silver Pandas. I was sorely tempted, but they were looking for around US $110 for it. I wanted it, but I'm not just made of money, and it was overpriced, so I reluctantly passed.

Something that struck me was the nonchalance with which the representative was willing to pass the gold and silver to me through the slot in the bullet-proof glass.

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