Some Razzleberries With The Jackass


It's soon to be another holiday weekend. You know what that means...Stuffed Jackass with all the fixins.

Oh my goodness gracious. Usually, this is the part of the post where we lay out some bullet points that detail a few of the topics discussed. But, here's the deal...As you've no doubt noticed, this podcast goes on for over two hours. Frankly, I can't even begin to remember all of the stuff we talked about. The questions posed by your fellow members were all tremendous and the answers given by The Jackass were equal parts insightful and thought-provoking.

So, have at it! Every time Jim stops by for a podcast, there are complaints that I didn't let him talk long enough. At 138 minutes, that shouldn't be a problem this time.



Joseph Warren
Nov 30, 2015 - 12:08pm

@ Mickey - you're over thinking it

Better IMO to think in terms of a criminal Ponzi scam. Eventually, their scams cause their own demise (by impoverishing/bankrupting their victims). So the criminal banksters need to come up with a new name for the Ponzi. Back in 1971, they went off any semblance of a gold standard. It was replaced by the 'petro-dollar'. As that Ponzi breaks down, they are looking for other scams including the SDR (incredibly enough, made up of other fiat Ponzis) or a 'carbon credit' world system. At heart, it's all the same - a fraud.

The criminals know the most valuable resource is other human beings. They live off them by using fraud & by spreading ignorance. And they use the fraud systems they create to get some in the populace (in the military & police) to keep the theft system going - for a pittance. There's nothing easier to scam than an ignorant, naive population. Pound, dollar, petro-dollar, SDR, carbon credit, or Bancor - - it's all the same.

P.S. - as an aside, this is why it was mandatory to 'vote' in the USSR. That act gives the illusion that 'the people' have a voice in the criminal system.

Nov 30, 2015 - 11:37am

cash only

that stil does not explain the difference between SDR and the Dollar being the worlds reserve currency. As far as I can tell, th SDR is a group of currencies that central banbks must hold--ie the Swiss. The Dollar as worlds reserve currency up to now has been the currency that other countries have to use before transferring funds to another countries currency, thus tons of dollars needed. As things change, fewer dollars wil be needed and the dollar declines.

Is this last issue why the US could print so much in a groing global economy, the forced demand on other countries?

Nov 30, 2015 - 9:50am


Mickey, the difference is found at the Central Bank Level and the control of the US financial sector (wall st.). It is no coincidence that Mark Carney, a Canadian and Goldman Sachs alum, is heading the Bank of England. Mario Draghi, Goldman Sachs alum, heading the European Central bank. In fact many Goldmanites are found throughout the European financial sector and now Australia has elected a Goldman associate as there new leader. Zerohedge has pointed this out on occasion. The orchestra is conducted through Wall St. and without a doubt all act to support the FRN. Japan has been thrown a life raft and will act anyway their bosses tell them as they too march to Wall St. The U.S. money printing machine will be supported by the vassal states or retribution will be extoled. Germany did something wrong and VW is paying a hefty price. Deutschebank is so loaded with derivatives it ticks like a clock with Wall St. holding the button.

There is no free market anywhere other than the black markets. Everything is under control and probably has been for as long as I have been alive. The matrix is powerful but does expose itself from time to time. WTC7 brought me out of the matrix for good.

Nov 30, 2015 - 9:47am

Can't Remember??

Are we supposed to be thinking positive this week or should we remain depressed and despondent?

Nov 30, 2015 - 9:23am


thanks--so the sdr and US being worlds reserve currency are still 2 different issues, but perhaps not so different? Or is USD just the significant worlds reserve currency, slowly diminishing?

I guess this is something I have to study

We can print, but then so can the EU and China and everybody else. Zimbabwe.

so what.s the difference if everybody can print? Our Military as enforcement?

Nov 30, 2015 - 9:14am
Nov 30, 2015 - 9:11am


Central Banks that have allocation of currencies that mimic the proportion in SDR, will have to to buy yuan to reshape their baskets...and sell something else....likely overweight dollars. That's why Washington opposed that so much.

Nov 30, 2015 - 9:00am

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

Dyna mo hum
Nov 30, 2015 - 8:42am
Nov 30, 2015 - 8:25am

Question on SDR reserve currency

whats the difference between the IMF granting SDR status to the Yuan, along with the US, Japan and UK, versus the Dollar being THE worlds reserve currency?

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 10/26

10/27 8:30 ET Durable Goods
10/27 10:00 ET Case-Shiller home prices
10/27 10:00 ET Consumer Confidence
10/27 10:00 ET Richmond Fed
10/28 8:30 ET Advance Trade in Goods
10/28 8:30 ET Wholesale Inventories
10/29 8:00 ET ECB monetary policy stmt
10/29 8:30 ET Q3 GDP first guess
10/30 8:30 ET Personal Income and Spending
10/30 8:30 ET Core Inflation
10/30 10:00 ET UMich Consmer Sentiment

Key Economic Events Week of 10/19

10/19 11:45 ET Goon Chlamydia
10/20 8:30 ET Housing Starts
10/20 1:00 pm ET Goon Evans
10/21 10:00 ET Goon Mester
10/21 2:00 pm ET Fed Beige Book
10/22 8:30 ET Initial Jobless Claims
10/23 9:45 ET Markit Oct flash PMIs

Key Economic Events Week of 10/12

10/13 8:30 ET CPI and Core CPI
10/14 8:30 ET PPI
10/14 9:00 ET Goon Chlamydia
10/15 8:30 ET Philly Fed
10/15 8:30 ET Empire State Idx
10/15 8:30 ET Import Price Idx
10/16 8:30 ET Retail Sales
10/16 9:15 ET Cap Ute & Ind Prod
10/16 10:00 ET Business Inv

Key Economic Events Week of 10/5

10/5 9:45 ET Markit Svc PMI
10/5 10:00 ET ISM Svc PMI
10/5 10:45 ET Goon Evans
10/6 8:30 ET Trade Deficit
10/6 10:00 ET JOLTS job openings
10/6 10:45 ET Chief Goon Powell
10/7 2:00 ET Sept FOMC minutes
10/7 3:00 ET Goon Williams
10/8 8:30 ET Initial jobless claims
10/9 10:00 ET Wholesale Inventories
10/9 12:10 ET Goon Rosengren

Key Economic Events Week of 9/28

9/29 8:30 ET Advance trade in goods
9/29 9:00 ET Case-Shiller home prices
9/29 10:00 ET Consumer Confidence
9/30 8:15 ET ADP employment report
9/30 9:45 ET Chicago PMI
10/1 8:30 ET Personal Income and Spending
10/1 8:30 ET Core Inflation
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/2 8:30 ET BLSBS
10/2 10:00 ET Factory Orders

Key Economic Events Week of 9/21

9/21 8:00 ET Goon Kaplan
9/21 10:00 ET Goon Evans
9/21 Noon ET Goon Brainard
9/21 6:00 pm ET Goon Williams & Goon Bostic
9/22 10:30 ET Chief Goon Powell on Capitol Hill
9/22 Noon ET Goon Barkin
9/22 3:00 pm ET Goon Bostic again
9/23 9:00 ET Goon Mester
9/23 9:45 ET Markit flash PMIs for September
9/23 10:00 ET Chief Goon Powell on Capitol Hill
9/23 11:00 ET Goon Evans again
9/23 Noon ET Goon Rosengren
9/24 1:00 pm ET Goon Bostic #3
9/24 2:00 pm ET Goon Quarles
9/24 10:00 ET Chief Goon Powell on Capitol Hill
9/24 Noon ET Goon Bullard
9/24 1:00 pm ET Goon Barkin again & Goon Evans #3
9/24 2:00 pm ET Goon Bostic #4
9/25 8:30 ET Durable Goods
9/25 11:00 ET Goon Evans #4
9/25 3:00 pm ET Goon Williams again

Key Economic Events Week of 9/14

9/15 8:30 ET Empire State and Import Price Idx
9/15 9:15 ET Cap Ute and Ind Prod
9/16 8:30 ET Retail Sales
9/16 10:00 ET Business Inventories
9/16 2:00 ET FOMC Fedlines
9/16 2:30 ET Powell Presser
9/17 8:30 ET Philly Fed
9/18 8:30 ET Current Acct Deficit

Key Economic Events Week of 9/7

9/9 10:00 ET JOLTS job openings
9/10 8:30 ET Initial jobless claims
9/10 8:30 ET PPI
9/10 10:00 ET Wholesale Inventories
9/11 8:30 ET CPI
9/11 9:45 ET Core CPI

Key Economic Events Week of 8/31

9/1 9:45 ET Markit Manu Index
9/1 10:00 ET ISM Manu Index
9/1 10:00 ET Construction Spending
9/2 8:15 ET ADP employment
9/2 10:00 ET Goon Williams
9/2 10:00 ET Factory Orders
9/3 8:30 ET Initial jobless claims
9/3 8:30 ET Trade Deficit
9/3 12:30 ET Goon Evans
9/4 8:30 ET BLSBS

Key Economic Events Week of 8/24

8/24 8:30 ET Chicago Fed Idx
8/25 10:00 ET Consumer Confidence
8/26 8:30 ET Durable Goods
8/27 8:30 ET Q2 GDP 2nd guess
8/27 9:10 ET Chief Goon Powell Jackson Hole
8/28 8:30 ET Pers Inc and Consumer Spend
8/28 8:30 ET Core Inflation
8/28 9:45 ET Chicago PMI

Forum Discussion