A Holiday Tradition: Fresh Jackass


With all of the madness of the impending hostilities in Syria, what a perfect time to connect once again with The Golden Jackass himself, Jim Willie.

As you might expect, Jim has his own theories as to the rationale for these recent events and they differ somewhat from the mainstream script. So, rather than poke and prod, today I just gave Jim the microphone so he can explain in his own words what he thinks is behind this seeming rush to war in Syria.

Here is a link to the article that accompanies this interview: https://news.goldseek.com/GoldenJackass/1377892800.php

So, sit back, relax and open your mind. Consider what Jim has to say, form your own conclusions and prepare accordingly. TF


Aug 30, 2013 - 2:32pm

First to go Listen

What he said

Aug 30, 2013 - 2:36pm


Love me some Jackass

Urban Roman
Aug 30, 2013 - 2:41pm

Every time I see that picture of JW

I think he's going to do this:

Aug 30, 2013 - 2:48pm
Aug 30, 2013 - 2:49pm

This is more like it

Somebody who has balls presentation and intellect.


Now that is what politics should look like

Aug 30, 2013 - 2:49pm

Here is an update from my

Here is an update from my Indian friend about the situation in India (he gives me updates). I had asked him about their recent gambit to have the banks offer to buy gold from the Indian populace and here is his response to a ZeroHedge article I had sent him:


The article makes sense, however, it has practical issues. The main one being the way gold is bought and sold in India. Majority of the transactions over there are done in cash without paying / levying tax and with no way to track the customer. The government may encourage banks to buy gold from customers, but people will not come forward, if not hesitate, to go to the bank to sell their gold. This is because if they go to banks, the income /sale proceeds will be recorded against the customer’s PAN (equivalent to SSN) for tax purposes.

Aug 30, 2013 - 2:50pm

Good for you, Jim Willie

Finally someone with some Sense.

Aug 30, 2013 - 3:09pm

Thorus - another option would

Thorus - another option would be to post it online at www.photobucket.com and then use the link to post the picture here. That is how I post pixs on this forum as the picture functionality to upload directly to TFMR is so limited.

Aug 30, 2013 - 3:19pm



The magnitude of my joy is a large a Jim's head or Turd's hat!

Happy Labor Day!

Aug 30, 2013 - 3:31pm
Aug 30, 2013 - 3:37pm


It's so sad how the American government and political priorities to further it's global power leads to millions of lost lives. They deem chemical warfare is inhumane. How about you check your own historical record starting with the Vietnam War!


Aug 30, 2013 - 3:41pm

Demise of the petrodollar and peak oil . . .

SRSrocco has written on issues swirling around peak oil many times. Willie in this podcast discusses it in terms of not only dwindling SA oil supplies, but growing natgas powers taking over the financial aspect once ruled by petrodollar as supported by SA/US regimes.

Key to this is pipelines through sovereign nations, and existing alliances.

Speaking of conspiracy theories, Matt Simmons, after exhausting research on Saudi oil field production, wrote a book on peak oil, shining a bright light on Saudi's ebbing oil fields. He then went on the regular circuit, speaking and writing articles about the impending effects of peak oil.

Then, he Arkancided: https://www.chron.com/business/article/Matt-Simmons-energy-insider-who-issued-wake-up-1713409.php

Another case of "the man who knew too much."

Edit: BTW, he "accidentally drowned" in his hot tub. . .

Aug 30, 2013 - 3:47pm

Podcast Problem

There is probably a simple solution, but I have not been able to access the podcast. Just get directed to Amazon.

Aug 30, 2013 - 3:53pm

It looks like

The rest of the world is giving us the big bird. That's the scary part, like backing a rabid dog into a corner.

Love the Jackass.

PM Believer
Aug 30, 2013 - 3:54pm


Had the same thing happen but go back and click the link "Down load Podcast" and it worked for me

Aug 30, 2013 - 3:56pm

listen then read


By Jim Willie, GoldenJackass.com

Refer to trade settlement outside the USDollar and diversification away from USTreasury Bond reserves management. It took some time to realize it, but the Cyprus bank incident was a misdirected attack against Gazprom. It failed. The entire Arab Spring movement, an ambitious disruptive project waged with foolhardy ambitions, has turned on itself. Egypt fell, its US puppet discharged. The entire North African region will be in flames soon. The USGovt interfered with a grand industrialization project for European industry, to be placed on North Africa intended to take advantage of cheaper labor, available minerals, nearby resources, and easy shipping. The resentment of Europe will show up in the future. The Middle East and Persian Gulf region is shifting its salute to Russia & China, as the noisy sectarian battles have been a common fixture since long ago. Bahrain has erupted. Saudi is clamping down and converting into an Islamic police state to create the Iran-Saudi repressive bobsey twins. Chaos is the longstanding objective of the USGovt in foreign policy infection, no change in decades.

Aug 30, 2013 - 3:56pm

Picking up from an earlier thread

On an earlier thread, I believe it was SE who said they'd never gotten a letter from Social Security like the one I mentioned where the Social Security Administration said when SS would run out of money, and how much they'd have to cut back benefits if no changes were made.

I've found my 2010 statement from Social Security that lists how much I've earned in every year I've been employed.

I can't seem to get it small enough to fit under the memory limit for posting here. But if you PM me, I'll be happy to send the relevant page to you via email. (note that my personal info on it will be blocked out)

The relevant paragraph is on the first (of 4) pages: "In 2016 we will begin paying more in benefits than we collect in taxes. Without changes, by 2037 the Social Security Trust find will be exhausted and there will be enough money to only about 76 cents for each dollar of scheduled benefits."

As I said, feel free to PM me if you care to see the .jpg of the page.



Edit: Here's a photobucket link to the letter: https://i1297.photobucket.com/albums/ag37/Thorus1/2010SocialSecurityStat...

Thank you for the suggestion, Strawboss

Aug 30, 2013 - 3:57pm



Aug 30, 2013 - 4:02pm

mayby a question for the commodities A2A

Never understood currencies. Why does the rupee fall against the dollar? Jim touches on the subject in the podcast.

I red Currency Wars but in the book no explanations about currencies!

Aug 30, 2013 - 4:03pm

TF and his friend the Willie

Makes sense to me

Aug 30, 2013 - 4:06pm


I've not even listen yet, and have an ear-to-ear grin!

Dr Willie always puts on a great show.

Aug 30, 2013 - 4:17pm


Willie sounded almost sane today - good listen.

Aug 30, 2013 - 4:24pm

(No subject)

Frank Zappa - Inca Roads (A Token Of His Extreme)
Aug 30, 2013 - 4:30pm

Well Done Mr Jim Willie, Well Done!

Thank you for speaking the truth re: our own vulnerabilities.

From geological survey charts from the late 80's, early 90's I remember being shocked at the rate of expected oil depletion for some ME nations. It made no sense researching current ME oil reserve numbers lacking significant new finds. Your explanation makes sense, there is no delta.

Aug 30, 2013 - 4:36pm

Just putting it out there

I cannot help but think that we have reached an inflection point in world dominance this week. The USA feels to me as if it is in check mate.

I would have a hard time explaining all the different threads which give me this feeling. Sort of financially in check and every time it moves its king it gets checked again, then looks around and notices that there are no more supportive players left on the board, all that is left is to charge the enemy line, alone.

I do not think it can afford to charge though. There are way too many pieces arranged against it. Oil prices, bond yields, collateral damage to big hardware with planes on it. It is highly likely that it could lose this war.

Seems like checkmate to me. Maybe some honesty may come of all this. BWTFDIK

Dyna mo hum
Aug 30, 2013 - 4:50pm

Jim Willie

Did you hear him mention "the pentagon is no longer behind the white house." Now that quote needs some elaboration! Is that a rift forming or are they just all in with Boeing and General Dynamics Etc. Has the oath the military was sworn to taken on meaning. All enemies foreign and domestic comes to mind.

Thorus Dyna mo hum
Aug 30, 2013 - 5:36pm

Explaining "Pentagon no longer supporting WH"

Dyna mo hum,

He may be referring to articles like this one:


Some excerpts from the article:

"Gen. Martin Dempsey, chairman of the Joint Chiefs of Staff, has warned in great detail about the risks and pitfalls of U.S. military intervention in Syria.

“As we weigh our options, we should be able to conclude with some confidence that use of force will move us toward the intended outcome,” Dempsey wrote last month in a letter to the Senate Armed Services Committee. “Once we take action, we should be prepared for what comes next. Deeper involvement is hard to avoid.”

“It has branded in me the idea that the use of military power must be part of an overall strategic solution that includes international partners and a whole of government,” he said in the Aug. 4 interview. “Simply the application of force rarely produces and, in fact, maybe never produces the outcome we seek.”

The recently retired head of the U.S. Central Command, Gen. James Mattis, said last month at a security conference that the United States has “no moral obligation to do the impossible” in Syria. “If Americans take ownership of this, this is going to be a full-throated, very, very serious war,” said Mattis, who as Centcom chief oversaw planning for a range of U.S. military responses in Syria."

So if we're fortunate, the President may be getting guidance from the men and women in the military who would have to carry out his orders, that the course he's headed on is not likely to produce the results he wants.



Aug 30, 2013 - 5:51pm

The Deep Sea Resources Rush

The Deep Sea Resources Rush

August 30, 2013

By Gemima Harvey

Exploitation of seafloor minerals appears imminent. But we do really understand the potential impact?

Insatiable demand for minerals and rare earth elements, coupled with dwindling resources on land have stakeholders across the world looking to a new frontier: the deep sea.

Advancing mining technologies are making the prospect of exploiting seafloor minerals—including gold, copper, zinc, cobalt and rare earth elements (REEs)—not only possible but also imminent, with commercial licenses to be granted by the International Seabed Authority from 2016.

China has a stronghold on REEs, controlling a staggering 97% of global production. These finite elements and other precious minerals are used in the creation of a massive range of electronics devices, emerging green technologies and weapon systems, triggering a strategic scramble to exploit new sources.

In what has been described as a global race, governments and companies are keenly eyeing this emerging mining arena, eager to get their slice of the next “gold rush” as it’s made increasingly economically viable. In 2010, there were eight exploration licenses, currently there are 17 in the high seas of the Pacific, Atlantic and Indian oceans. There is also significant interest in the ocean’s resources within territorial waters, particularly in the Pacific Ocean, where more than 1.5 million sq km of the seafloor is currently under exploration license. This is an area roughly comparable to the state of Queensland in Australia.

The president of the International Marine Minerals Society, Dr. Georgy Cherkashov, was quoted last year linking the rush for licenses to the reality of “first come, first get,” saying the shuffle to secure the most promising sites represents “the last redivision of the world.”

Three types of deep sea mineral deposits have drawn interest. These are seafloor massive sulphides (SMS), manganese nodules and cobalt-rich crusts. In the Pacific Ocean, currently the most commercially feasible are SMS, which are created by the activity of deep sea hydrothermal vents.

Canadian company Nautilus Minerals has more than 500,000 sq km licensed in Papua New Guinea (PNG), Tonga, Fiji, Vanuatu, the Solomon Islands and New Zealand. Nautilus Minerals (NM) is forging the way for others in this frontier, already holding a 20-year license for the world’s first commercial seabed mining operation, 1.6 km beneath the Bismarck Sea in PNG. The company’s flagship Solwara 1 project involves exploiting SMS to extract ore containing copper and gold at a site 30km from the coast of New Ireland Province and about 50km from the town of Rabaul in East New Britain.

Between 2005 and 2011 the company spent $80 million USD on exploration programs for its PNG venture.

For environmentalists and activists the idea of this emerging mining enterprise coming to fruition is concerning. Greenpeace released a detailed report last month stating that less than 1% of high seas (international waters) and 3% of oceans are protected. Little is known about the biodiversity that exists deep below; some scientists suggest it would take 10-15 years of extensive research before we can even begin to understand this ecosystem.

Hydrothermal vents, where SMS deposits form, are said to support one of the rarest and most unique ecological communities known to science, including creatures like two-meter long tube worms and armor-plated snails. An independent study of the Solwara 1 site found 20 new species and experts are worried that species will be eliminated from the mining site before they have been discovered.

What’s Happening in Papua New Guinea?

A respite for critics of the Solwara 1 project came in June 2012, when contract disputes emerged between the PNG government and NM. The commercial disagreement reportedly centers on the government’s share of investments costs that will lead to a 30% stake in the venture. This ongoing dispute stalled the project, which was expected to start by the end of 2013, and caused NM to suspend construction of its seafloor production system.

But these commercial issues could soon be ironed out, depending on the outcome of an arbitration hearing on August 26.

If the government becomes a shareholder in the venture, a conflict of interest is apparent that could compromise its ability to...(cont.)


Icarus Dyna mo hum
Aug 30, 2013 - 6:04pm

Dyna,You wrote:  "Did you


You wrote: "Did you hear him mention "the pentagon is no longer behind the white house." Now that quote needs some elaboration! Is that a rift forming or are they just all in with Boeing and General Dynamics Etc. Has the oath the military was sworn to taken on meaning. All enemies foreign and domestic comes to mind."

The military has lots of issues. $25,000 toilet seats for one. The revolving door after retirement (as early as age 42) with the military industrial complex as the next life step for another. Careerism (going along to get along) is a third. Protecting that retirement check at all costs seems to be a big disease in the Armed Services.

That said, the oath is to "protect and defend the constitution of the United States", not the President, or the Supreme court, or the bankers on Wall Street who have staged a quiet coup d' etat. As good soldiers they will continue to say "Yes Sir" to all the unconstitutional crap going on......for a while. At some point in time someone will have the balls to stand up and fight for what they swore an oath for, because as Jim mentions they are no longer behind this dictatorship, but for now they roll their eyes and say 'Yes Sir' like good soldiers. At some point, they will say enough is enough, we're not putting up with this shit anymore. When will that occur? I don't know, but I hope it's soon.

As bad as they are made out in the press, from my personal experience, today's military serves with a sense of integrity, honor and service that is unknown in the public sector. They are also trained that way from the moment they enter boot camp. (the training also includes the moral imperative to disobey any unlawful order!) This mindset will surface at some point if we continue down this road to perdition.

It won't start with revolution, but with a quiet protest. At some point in time I hope to see hundreds of senior officer resignations en masse over the loss of our democracy. Would that engender change? I don't know, but I hope so. At the very least it would maybe start us all focusing on what's really happening in our country.

Just one man's experience, hope, and prayer.


Individuals have stepped forward over the years up to and including four star generals. Retiring in quiet protest. It was downplayed in the press and media, because it was only onesies and twosies.


Aug 30, 2013 - 7:26pm


Dr. Willie never disappoints.

There was much out there in facts and reasoning regarding energy, energy empires, Forex TBond payments, BRIC gold bank, Dollar Collapse, military capabilities, etc, which is all then tied together is a grand scenario by those connecting dots as they deem fit. Its not irrational. Many others can draw similar conclusions. The end game is inviting to a freedom lover where paper money and income taxes are used to enslave us all as tax mules and dependents. So, personal perspective are aligned in large measure. But (there is always a but), the concept that this immanent strike on Syria is NOTHING MORE, than a part of a global battle to maintain the dollar as the reserve currency, fails in my estimation. One would have to convince and persuade that the WMD GAS ATTACK, (and it is believe that one occurred), was effectively preplanned by the US covertly to justify the pending strike. Anything is possible, but until more specifics are learned, error must be had on the side of Assad using brutal totalitarian means, WMD, to defeat the rebels, and that the US is out to punish him for such WMD use, as the 1st order analysis. I am not blind to the total picture, and surely rational minds can creatively connect the dots as they might wish. Surely, motivations to strike for many reasons may be present in the 2nd order analysis, and surely dollar hegemony and global US dollar dominance may be a reason to strike in the 3rd order analysis, but until proven otherwise, credibly, the 1st order analysis must stand as the direct primary reason for the pending US strike on Syria, as a punitive measure for using WMD on unarmed civilians. As noted, Assad effectively called BHO a puss. Will it stand?

On a side note, liberal coastal California is no real place for a freedom lover to start a campaign within a live and let-live political party, until recruits are had to carry local regional head positions by weight of numbers, thus, the devised plan is to recruit an army and then over throw local political heads, to gain state and national recognition. Im nice that way.

Libereen Freedom Army

Coastal California Liberal Libertarians

TotalitarianDemocracy.com domain name was secured this day.

New Blog web page designed should be beta site tested within a week. :o


Donate Shop

Get Your Subscriber Benefits

Exclusive discount for silver purchases, and a private iTunes feed for TF Metals Report podcasts!

Key Economic Events Week of 4/15

4/16 9:15 ET Cap Util and Ind Prod
4/17 8:30 ET Trade Deficit (Feb)
4/17 10:00 ET Wholesale Inventories
4/18 8:30 ET Retail Sales (March)
4/18 8:30 ET Philly Fed
4/18 10:00 ET Business Inventories (Feb)
4/19 8:30 ET Housing Starts and Building Permits

Key Economic Events Week of 4/1

4/1 8:30 ET Retail Sales (Feb)
4/1 9:45 ET Markit & ISM Manu PMIs
4/1 10:00 ET Construction Spending (Feb)
4/1 10:00 ET Business Inventories (Jan)
4/2 8:30 ET Durable Goods (Feb)
4/3 9:45 ET Markit & ISM Services PMIs
4/5 8:30 ET BLSBS

Key Economic Events Week of 3/25

3/26 8:30 ET Housing Starts (Feb)
3/27 8:30 ET Trade Deficit (Jan)
3/28 8:30 ET Q4 GDP final guess
3/28 10:00 ET Pending Home Sales (Feb)
3/29 8:30 ET Personal Income (Feb)
3/29 8:30 ET Consumer Spending and Core Infl. (Jan)
3/29 9:45 ET Chicago PMI
3/29 10:00 ET New Home Sales (Feb)

Recent Comments

by Orange, 27 min 3 sec ago
by Solsson, 5 hours 24 min ago
by boomer sooner, 6 hours 12 min ago
by J Siefert, 6 hours 12 min ago