Summer Ends, Jackass Appears


In a continuance of our "holiday tradition", Jim Willie stopped by Turdville yesterday to share his thoughts on current events and where he thinks this all headed.

The Jackass was his usual self, even if a bit under the weather. In this podcast, we discuss:

  • Yesterday's announcement by Gazprom that they will begin accepting payment in rubles and yuan
  • The escalation of US and EU sanctions against Russia and how they are failing/backfiring
  • The growing isolation of the US as a economic superpower
  • The eventual emergence of a new global currency regime

This baby clocks in at slightly over 60 minutes so please try to pace yourself. You don't want to overdo it.



Aug 29, 2014 - 10:15am


First first

Aug 29, 2014 - 10:17am

Happy Labor Day Weekend

I Truly Hope Everyone Enjoys This Labor Day Weekend, With Good Friends and Family.

With everything spinning at such a faster pace than ever before. Coming off the tracks seems to be almost an inevitability.

Craig Thank You for everything you do and This Great Community That We Have Here.

When you next speak to Jim Tell Him Thank You for all he does too.

Everything Is Greatly Appreciated


Aug 29, 2014 - 10:20am

Thanks Turd

have a great weekend!

Aug 29, 2014 - 10:24am

Gold, silver up on festive season demand, global cues

NEW DELHI: Extending gains for the second day, gold prices moved up by another Rs 70 to Rs 28,300 per ten gram in the national capital today on increased buying by jewellers and retailers, driven by festive season demand coupled with firming global trend. Silver also rose by Rs 150 to Rs 43,000 per kg on steady inflow of buying by industrial units and coin makers. Traders said sustained buying by jewellers and retailers to meet festive season demand and a firming global trend, as escalating tension between Ukraine and Russia spurred safe-haven demand, mainly boosted sentiment. Gold in Singapore, which normally sets price trend on the domestic front, traded tad higher at $1,290.22 an ounce from $1,289.65 yesterday. Silver also advanced 0.3 per cent to $19.57 an ounce.

Mr. Fix
Aug 29, 2014 - 10:27am

Excellent interview

It was great to be able to listen to you and Jim last night as a bedtime story,

and it was encouraging to hear that “the end of the great Keynesian experiment” will not be a nuclear holocaust.

Anything that helps me sleep is always appreciated!

R man J
Aug 29, 2014 - 10:27am

I was worried

Thankful that the jackass is well again. Newsletter had much good content even though he was very ill for a long time.

Aug 29, 2014 - 10:31am


The Fight of The Century

"Fight of the Century": Keynes vs. Hayek Rap Battle Round Two

Brilliant. Bloody brilliant.

Aug 29, 2014 - 10:35am

silver inventory at shanghai futures exchanges

dropped below 100 tons today, stands at 95 tons!

backwardation in shanghai

sept. 2014 is 1.5% above dec. 2014

dec. 2014 is 1% above june 2015.

shanghai spot silver price is 6.5% above comex!

this is unprecedented!

Visit the FAQ page to learn how to track your last read comment, add images, embed videos, tweets, and animated gifs, and more.

Aug 29, 2014 - 10:40am

Hi, judejin. Yes, pls keep us posted

Earlier this week, SRSrocco asked me to check with Andy Maguire to see what he thinks of this. Andy emailed back that this Shanghai drawdown is "a very big deal".

Aug 29, 2014 - 10:59am

the other good news is

the very few gold miners in the chinese A share market are getting ready to break out of the 3-year-long consolidation.

in 2009, the three biggest gold miners repeatedly topped the most traded stocks for weeks, accounting for 1/10 or 1/20 of the entire daily turnover!!

records are set to be broken

Subscribe or login to read all comments.


Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 4/6

4/8 2:00 ET March FOMC minutes
4/9 8:30 ET Producer Price Index
4/10 8:30 ET Consumer Price Index

Key Economic Events Week of 3/30

3/31 9:45 ET Chicago PMI
4/1 8:15 ET ADP Employment
4/1 9:45 ET Markit manu PMI
4/1 10:00 ET ISM manu PMI
4/2 10:00 ET Factory Orders
4/3 8:30 ET BLSBS
4/3 9:45 ET Market service PMI
4/3 10:00 ET ISM service PMI

Key Economic Events Week of 3/23

3/24 9:45 ET Markit flash PMIs
3/25 8:30 ET Durable Goods
3/26 8:30 ET Weekly jobless claims
3/27 8:30 ET Personal Inc and Spending

Key Economic Events Week of 3/9

(as if these actually matter)
3/11 8:30 ET CPI
3/12 8:30 ET weekly jobless claims
3/12 8:30 ET PPI
3/13 8:30 ET Import Price Index

Key Economic Events Week of 3/2

3/2 9:45 ET Markit Manu PMI
3/2 10:00 ET ISM Manu PMI
3/2 10:00 ET Construction Spending
3/4 8:15 ET ADP employment
3/4 9:45 ET Markit Service PMI
3/4 10:00 ET ISM Services PMI
3/5 8:30 ET Productivity & Unit Labor Costs
3/5 10:00 ET Factory Orders
3/6 8:30 ET BLSBS
3/6 10:00 ET Wholesale Inventories

Key Economic Events Week of 2/24

2/25 9:00 ET Case-Shiller home prices
2/26 10:00 ET New home sales
2/27 8:30 ET Q4 GDP second guess
2/27 8:30 ET Durable Goods
2/27 11:30 ET Goon Evans speech
2/28 8:30 ET Pers Income and Spending
2/28 8:30 ET Core Inflation
2/28 9:45 ET Chicago PMI

Key Economic Events Week of 2/17

2/18 8:30 ET Empire St Manu Idx
2/19 8:30 ET Producer Price Idx
2/19 8:30 ET Housing Starts & Bldg Perms
2/19 2:00 ET January FOMC minutes
2/20 8:30 ET Philly Fed
2/21 Fed Goons all day at Chicago Conf.
2/21 9:45 ET Markit flash Feb PMIs

Key Economic Events Week of 2/10

2/11 10:00 ET Job Openings
2/11 10:00 ET CGP Hump-Hawk House
2/12 10:00 ET CGP Hump-Hawk Senate
2/13 8:30 ET CPI
2/14 8:30 ET Retail Sales
2/14 9:15 ET Cap Ute & Ind Prod
2/14 10:00 ET Business Inventories

Key Economic Events Week of 2/3

2/4 10:00 ET Factory Orders
2/5 8:15 ET ADP Employment
2/5 9:45 ET Markit Service PMI
2/5 10:00 ET ISM Service PMI
2/6 8:30 ET Productivity & Unit Labor Costs
2/7 8:30 ET BLSBS
2/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 1/27

1/28 8:30 ET Durable Goods
1/28 10:00 ET Consumer Confidence
1/29 10:00 ET Pending Home Sales
1/29 2:00 pm ET FOMC Fedlines
1/29 2:30 pm ET Powell presser
1/30 8:30 ET Q4 GDP first guess
1/31 8:30 ET Pers Inc and Spending
1/31 9:45 ET Chicago PMI
2/2 10:00 pm ET Chiefs win SB LIV