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

  Refresh
May 26, 2014 - 9:05pm
May 26, 2014 - 9:01pm

This was posted earlier

But it's a MUST READ. Too bad ZH put it up this evening and not tomorrow morning....

Must be quite a few Austrian Turdites out there who know that the "gold is gone, all 26MM ounces of it, shipped to China". https://www.zerohedge.com/news/2014-05-26/first-germany-now-austria-dema...

From the article, this is priceless:

Austria is planning to send auditors to the Bank of England in order to verify the existence of Austrias gold reserves stored in British vaults.

The Austrian accountability office will send a delegation to London in order to check on Austria's gold reserves stored in vaults at the Bank of England. This is reported by Austrian magazine Trend. The measure is seen as a consequence of growing public pressure. There is a rising disbelief among Austrians about the existence of the gold.

“I acknowledge the request. Any grocery store is obliged to do inventory once a year. It is the only way of getting rid of these unreasonable allegations”, Ewald Nowotny, Governor of the National Bank of Austria tells Trend.

Austria officially owns 280 tonnes of gold of which 17 percent are kept in vaults inside the country. Around 150 tonnes are estimated to be stored in London.

In recent years doubts about the existence and the quality of Germanys monetary gold stored at the New York Fed and the Bank of England were raised by a rising number of skeptics. In January the Bundesbank eventually announced plans to repatriate most of Gemanys gold reserves until 2020.

I Run Bartertown
May 26, 2014 - 8:46pm

OK

I stand corrected. Someone is interested.

Here you go, libero, all yours...

https://www.facebook.com/FEMEN.International/photos/a.210789815741343.10...

---------------------

And we've had congrats posts to UKIP and posts about Front National in France right in this thread. I'm just posting the Left's reactions. You can call all the epithets you want...what you're seeing is the scary rise of neo-commonsense.

Libero
May 26, 2014 - 8:13pm

Bartertown

Less fascist neonazi accolades. More nudity please.

I Run Bartertown
May 26, 2014 - 7:40pm

Flooding Across Europe!

Head for the high ground. A river of Commie tears is flooding Europe.

Nobody's interested in your played-out faux rebellion, sluts .

-SilverIsMoney-
May 26, 2014 - 6:35pm

SMM

We've already bounced back to even and then some... good point.

Pounds of Money-SilverIsMoney-
May 26, 2014 - 6:30pm

@SilverIsMoney Re: Opening Red

SilverIsMoney, I usually ignore whatever it does when it opens.

Half the time (figuratively), it winds up doing the opposite within 30 minutes or so. Actually, I'd love it if somebody had analysis showing what gold was doing an hour after the open, directionally, vs. what it was doing in the opening ticks. i.e. When opening tick is down, 80% of the time it is X amount higher within 60 minutes... or something like that.

Mickey
May 26, 2014 - 6:21pm

Econ system fubar

In 1995 robert rubin gave our medicare and social security trusts treasury notes, in exchange for the marketable securities in the trusts.

We have precedence.

4 oz
May 26, 2014 - 6:17pm

Okay-----

Anyone with good theory outside of algos, which undoubtedly was true, for this $20 spike?? Sure makes for a funny looking chart....

'Corse Jim Rickards on Greg Hunter was saying watch for one day a $100 pop, followed the next day by another $100 pop and then the next following day another $100 pop and Gold would be off to the races....

-SilverIsMoney-
May 26, 2014 - 6:14pm

Opening red...

If anyone is interested this is the only place I know of that provides a 1 minute gold chart

https://www.pmbull.com/gold-price/

Just change the time measurement at the bottom right (it's default is 15min).

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