Some Razzleberries With The Jackass

371

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.

TF

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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.

Mickey
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?

cashonly
Nov 30, 2015 - 9:50am

@SDR

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.

lakedweller2
Nov 30, 2015 - 9:47am

Can't Remember??

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

Mickey
Nov 30, 2015 - 9:23am

SDR

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?

silver66
Nov 30, 2015 - 9:14am
canary
Nov 30, 2015 - 9:11am

@Mickey

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.

Orange
Nov 30, 2015 - 9:00am

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

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