Another 3-day Weekend? Must Be Time For Some Jackass!

276

In what has become a tradition here in Turdville, our pal Jim Willie stopped by this morning for a wide-ranging, hour long discussion. <Note: This is a free, public thread!>

This baby checks in at just over an hour so you might want to break it up into parts. Download this to your computer/ipad and, if you need some time away from the pool or the beach, put in your earbuds and go to town! Amongst the topics discussed are these:

  • The latest developments in the budding "Eur-Asian Alliance"
  • The progress the BRIC nations are making in setting up the 21st Century financial system
  • Falling U.S. interest rates and the treasury market
  • DoucheBank and the other walking, TBTF zombies

Jim has promised to join us again for our next 3-day weekend in July. Until then, this hour-long discussion should satisfy even the most starved info-junkie.

Have a great weekend!

TF

  276 Comments

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ancientmoney
May 27, 2014 - 11:08am

Don't sweat the small stuff . . .

The markets truly always do win . . . the manipulations can only do so much. Manipulations don't prevent anything, just delay it.

That doesn't mean people don't get hurt, because the manipulations can, and have gone on for a long time already, due to an out-of-control banking-government system of using fiat money to control wealth and power.

If we don't get some sort of cataclysmic event like world war or intentional genocide by our elite leaders, I think Rosen has the right picture . . .

https://www.321gold.com/editorials/rosen/rosen052714.pdf

May 27, 2014 - 11:03am

For those who are newer here

Cpt Scarlett is a literal rocket scientist who worked on space stuff until he got downsized. He certainly has my sympathy for that, but he then decided that his silver investments were going to the moon and that would be all he would ever need and he chose to remain unemployed/retired even though he is comparatively young and is smart enough to do many things for a job. His posts here grew increasingly desperate then bitter. In the end, he seems to have joined quite a few other former posters in deflecting onto others the pain and anger he feels at his own poor choices and risk management. That his own failures do not reflect on anyone but himself, that none here would have countenanced at any point his "strategy", are facts that he does not dwell on. Easier to project that anger outwards, rather than own up to his choices.

The last two years have truly winnowed out many people from this market/trade. It is unsurprising they are so bitter about being culled, nor should it shock anyone that the easiest defense mechanism for them is to say "All of you people are stupid, this is never going to work out for you" because they need to console themselves. Sad, but understandable.

metalsbyamile
May 27, 2014 - 10:55am

Not as bad as Max

His voice drives me up a wall. Grating is the word comes to mind. Fingernails on a chalk board type irritation.

There a few embarrassed by their past posts seeing gold and silver doing exactly what we expected.

As i have stated for months since $1390, it is not over yet.Hang on, but if you did not sell miners and need the cash now, in other words you listened to the majority, you are kind of screwed now. We are close to bottoms.Not their yet but close.

Thanks Craig. Thanks Charles Nenner. Eat sheep ship MH.

mj12
May 27, 2014 - 10:46am

13

If you had sold gold (GCM) the day after the Memorial Day Holiday for the past 13 years ....... you would have been successful.

Nothing to see hear, move along.

SilverSurfers
May 27, 2014 - 10:29am

Give it a rest

willie is thought provoking, and cpnscarlet rant stirs the emotions, both fantastically great entertainment, but however, (notwithstanding the memorial service, Diamond Fleece, and I run laugh town), both are in the shadows of the star this day. atarangi did it again, with his threat levels, stealing the show, hands down.

===

Sidebar: What is the difference between California's Franchise Tax Board (FTB) and the Russian secret service Federation Service Bureau (FSB)?

....

Answer: Scope of in rem operations. :o

AGAUMickey
May 27, 2014 - 10:00am

1278 AU 18.18AG  Still

1278 AU

18.18AG

Still looking for these to test and hold per Larry Edelson looks like he had this right so far , I guess we know which way the pennants break now huh? Maybe these are the prices after break out?

Bollocks
May 27, 2014 - 9:37am

That was Captain Scarlet

He's a puppet who allows himself to be controlled by the puppet master because he's unwilling to be a man and take any action in his life.

So he comes here to spew his fears and anxieties in the only way he knows - by laughing at those who have made decisions and taken real action in their lives.

goldcom
May 27, 2014 - 9:35am

Positive GOFO

GOFO has come up more positive and expiry almost here so it's smack attack time.

Mickey
May 27, 2014 - 9:32am

Willie is funny

in a strange way.

He just rambles on. He really has little support for what he says or writes. Much of it is his speculation or speculation of others.

bottom line is the US has been debasing its currency and the pace is actually accelerating. The fact that we are seeing fewer and fewer buyers of treasuries is telling and when they start selling we are in trouble. That selling will include US pension funds and investment funds that park money in shorter term treasuries because of the old theory that if necessary the US would print to repay--which used to be a joke in the 70's-nobody actually thought back then it would come to this.

I know--back in 82 before rates started coming down I bought a mother load of 10 year treasuries for a retirement fund I managed locking in 13%. The complaint from our HR group was that I was too concentrated and we should go back to insurance company GIC's (Guaranteed interest contracts) that were backed by insurance companies like Equitable. This contracts, if rates went up and you wanted out you paid the penalty--if rates went down and you wanted out, they did not let you participate in the upside. And they were paying 9-10 % in an 13% environment. Other than that insurance co GICS were great.

a lot of screwing going on 40 years ago too, just less high tech

AIJ
May 27, 2014 - 9:29am

On Ignore

Who ever that was was, he is on ignore.

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