Jim Willie Discusses The Bond Bubble, Part II


This podcast picks up right where Part One left off, as Jim is about to discuss "the bond carry trade".

The Bond Carry Trade is the process by which, since 2009, the TBTF banks have been able to "pretty up" their balance sheets by showing massive profits on their bond portfolios. The banks borrow from The Fed at near-zero interest rates and they re-invest that same money into 2-3% yielding treasuries, keeping the spread and booking it as quarterly profit. This allows CNBS and other media to tout their equities as "cheap" and "undervalued" when, in fact, they are insolvent zombies.

As you might imagine, The Bond Carry Trade is only one of the topics Jim covers here so sit back, relax and enjoy yourself some Jackass. TF


Oct 5, 2013 - 8:06pm

The old codger

An old codger owned a few acres of nice land...

He had a large pond in the back.

It was ideal for swimming, so he fixed it up nice with picnic tables, horseshoe courts, and some apple, and peach trees.

One evening the old codger decided to go down to the pond to look it over, as he hadn't been there for a while.

He grabbed a five-gallon bucket and a harvest rake to bring back some fruit.

As he neared the pond, he heard voices shouting and laughing with glee.

As he came closer, he saw it was a bunch of young women skinny-dipping in his pond.

He whistled a few tunes to make the women aware of his presence and they all swam to the deep end.

One of the women shouted to him, 'we're not coming out until you leave!'

The old codger yelled out, 'I didn't come down here to watch you ladies swim or make you get out of the pond.'

Holding the bucket up he said, 'I'm here to feed the alligator.'

Nick ElwaySS121
Oct 5, 2013 - 8:57pm

@SS121 Silver Above Ground

Incorrect in your summary:

In current world supplies, silver is even more rare than gold.


Silver above ground end of 2012AD: 748000 Tonnes


Gold above ground end of 2012AD: 170000 Tonnes

You might try "The amount of available and recyclable silver above ground is NOT increasing. The amount of available and recyclable gold above ground IS increasing. Today there are about 4.5 ounces of silver for every ounce of gold."

Good for you.... writing a summary.

Oct 5, 2013 - 9:52pm


How about available for investment Silver (after industrial use).

Oct 5, 2013 - 9:54pm

silver above ground - -

I always thought there was more known gold above ground than silver. It maybe depends on the source of information but this is what First Majestic Silver has to say - -

3. Considering refined and mined known silver reserves, there is far less silver in the world than gold. About 150 million ounces of silver vs. 4000 million ounces of gold.
Oct 5, 2013 - 9:54pm

I have to agree...Morons run the government!...


The "tempest in the teapot" has gotten loose...Now it's the "blame game"...& most likely the next step to martial law!!!...

Bag Of Gold

Dyna mo hum
Oct 5, 2013 - 10:09pm

Marshall law hell.......

Bogs this is the only Marshall law I understand.... https://www.youtube.com/watch?v=pqziXGOwkhA

Mr. FixStrongsidejedi
Oct 5, 2013 - 10:14pm
BagOfGoldMr. Fix
Oct 5, 2013 - 10:21pm

Mr. Fix...

You are always welcome...welcome...welcome!!!...

Bag Of Gold

BagOfGoldDyna mo hum
Oct 5, 2013 - 10:24pm

Dyna mo hum...

Marshal Dillon...one of my favourites...from the wild...wild...west!!!...

Bag Of Gold

Oct 5, 2013 - 10:27pm


just tell that old codger to stay away from "the girls"!!!...

Bag Of Gold

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