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

  371 Comments

Louie
Nov 24, 2015 - 4:02pm
CPE
Nov 24, 2015 - 4:06pm

Thx

Turd

lnardozi
Nov 24, 2015 - 4:08pm

Hi Turd!

Waitin' on 4:30

Danforth Coxwell
Nov 24, 2015 - 4:13pm

Now to listen.....

The timing of the A2A was perfect.

Swineflogger
Nov 24, 2015 - 4:14pm

Cinco

Now for some hot steaming jackass!

Swineflogger
Nov 24, 2015 - 4:15pm

Cinco

Now for some hot steaming jackass!

EDIT: Apologies. Way too much coffee . . . . . . .

Joseph Warren
Nov 24, 2015 - 4:20pm

Outstanding A2A Craig . . .

I enjoyed every minute of it & appreciated the opportunity to ask Jim Willie a question. Thank you

benque
Nov 24, 2015 - 4:36pm

Darn! Its too late now

I was hoping to get some info from JW, but I forgot, and now its too late to ask.

My dear daughter is very fond of reptiles as pets, and I wanted to ask Jim if he knew where I could get her one of those alien lizard guys as a Christmas present. Maybe some tips on care and feeding too.

Oh well, maybe next year.

TinHat
Nov 24, 2015 - 4:37pm

HFS !

woooohoooo 2:18:14, what a feast !

TheGuyFromSweden
Nov 24, 2015 - 4:53pm

Freeranging Jackass

...is always a treat. I will savor this baby as a 25yo Ardbeg!

Marchas45
Nov 24, 2015 - 5:01pm

Started of Kinda Slow

But Picked Up Pretty Fast. JW's laugh is something else though. Lol Keep Stacking

cashonly
Nov 24, 2015 - 5:20pm

138 minutes of jackass?

now that's a holiday treat! smileyyes

ReachWest
Nov 24, 2015 - 5:57pm

Turd vs Shit

I listened to a portion of this live .. but had to leave due to other obligations .. need to listen now to the full meal deal.

BUT - I do recall the part where Jim explains in vivid detail the difference between a Turd and a Shit. Yes - that's worth the price of admission all by it's self. 

4 oz
Nov 24, 2015 - 5:58pm
goldcom
Nov 24, 2015 - 6:02pm

The Jackass Recommends

Getting your PM's out of the country. You do know at this point in time, you may walk or drive them across as long as you claim them. I would recommend going north.

I know they may be mailed from dealers to wherever and you can to yourself but get insurance.

Some here may not agree with a safe place out of the jurisdiction, but what are you going to do with it if the fascist bastards outlaw it right when you need it.

It might not be a bad idea to get some of it out. Something to think about. 

SRSrocco
Nov 24, 2015 - 6:16pm

DEATH OF PAPER GOLD & SILVER: Data proves it

Thanks for the new interview with the Jackass. Thought you all might enjoy the newest article at SRSrocco Report:

DEATH OF PAPER GOLD & SILVER: The Data Proves It

The death of paper gold and silver has arrived, however the public doesn’t realize it yet. They will, it’s just a matter of time now. This is like the poor slob whose diet of McFats, Done-Kin Doughnuts and Cancerette smokes, is just one heart-attack away from being six-feet under. The paper precious metal market is also one serious fiat monetary attack away from certain death.

I say this with some conviction as the data already proves it. Of course, there will always be a certain number of analysts and individuals who believe the Fed and Central Banks will be able to continue propping up the market until they retire and are playing golf or shuffleboard while under the care and maintenance of a dozen or more prescription drugs.

READ MORE.....

Mr. Fix
Nov 24, 2015 - 6:52pm

:)

yesangelyes

Louie
Nov 24, 2015 - 7:41pm

How will global oil production be reduced?

When listening to Jim and Turd talk about the global oil glut and how will the world absorb the addition of 1 mil B/D or Iranian oil, two things fell into place in my mind. Why are the Russians bombing ISIS oil tankers? Why did the US wait 18 months before we started bombing those tankers? And why did the US give the drivers 45 minutes notice before they bombed them? And why is Turkey super pissed at Russia?

How about because the tankers are Turkish, and are delivering the oil to Turkey? US has turned a blind eye because it has been benefiting our "Ally" Turkey. So now Russia is taking out the tankers, knocking the ISIS oil off the global market (which means Turkey will now be buying either Iranian or Russian oil). 

lakedweller2
Nov 24, 2015 - 7:59pm

Richard Russell

I may be late in finding out, but he has died. An honest and intelligent man who helped many navigate the markets for over 50 years. A major loss to the Good Guys.

canary
Nov 24, 2015 - 8:07pm

Still feeding my hedges

Sometime next week will make decision about their future.....They're my only protection against the powerful cartel.....SEC and CFTC are clowns

Joseph Warren
Nov 24, 2015 - 8:27pm
Chiron
Nov 24, 2015 - 8:56pm

SRSrocco

Instead of the conclusion that paper PM ETF's are dying due to lack of "demand", could the numbers you cite be more evidence that the ETF's have been raided to support the "paper" games? In essence, the same demand for the paper is still there, but the physical PM within the ETFs to back the claims is not.

In my understanding of the process, as the price of gold/silver rises, the PM ETF was designed to issue shares for purchase of the ETF, and then use the proceeds to purchase physical metal. The shares would then couple the price to the upside. The volume of bullion in the ETF holding would then back the "value" of the shares. In reverse, as the physical metal price falls, the ETF's sell physical metal in order to "pay" the seller of the ETF share, thus coupling the price to the downside. This "dynamic" would then allow some analysts (such as Adam Hamilton) to use the physical metal in the ETF holdings (as published) to add a proxy data point for the "demand" for gold/silver in the market.

There would be a significant problem (if not a criminal act) if the price of the physical metal was rising, shares were being sold, but the volume of the "physical" holdings was decreasing. The entire sham could be exposed by one chart of the three data sets, assuming that the real data would ever be disclosed.

Certainly the entire industry has suffered from "lack of demand" as many people do not think that they need the security of PMs for diversification, as the stock market is "at all time highs" and never seems to ever fall. Volume into the PM sector would cure all that ails.

In other words, people (who still feel the need to hedge against government malfeasance, but do not want to have the "risks" of holding the physical metal) might still be buying PM ETFs thinking that they are getting a "physical" metal proxy, but the ETF holdings are being drained without full disclosure. I understand that this is a slight nuance to your conclusion, but I think it might be an important observation to make, if true.

Thank you for your time and consideration.

joeblack
Nov 24, 2015 - 9:02pm
Barfly
Nov 24, 2015 - 9:11pm

Theory

TPTB use the potential Chicago riots just kicking off as cover for the destruction of the CME and all evidence that resides there of the club's wrongdoing.

AlienEyes
Nov 24, 2015 - 9:24pm

@ Louie

When you really think about it, Turkey is the only place the tanker convoys could have been going. The US, UK, France, Germany and the rest of NATO have known this from day one. So did Israel, China and Russia. 

As for the middle east, the entire area is a pit full of sh!t and that includes Israel as well as the muslims. Probably half of the duplicitous bastards, professional arse holes, liars, back stabbers and lunatics on earth either live there or are from there. The only real common denominator between us and them is P-O-W-E-R and that is also spelled M-O-N-E-Y. Unless one is ape dung nuts or has a world class death wish, the wise choice is to stay clear of the entire sh!t-storm.

That said, our insufferably stupid leaders, elected by our mindless voters have done the exact opposite of wise. They have used guilt trips and pity parties as reasons to import the scum of the earth into the UK, USA, Canada, France, Germany and even Sweden, among others. Their motive was and is votes. Votes = Power = Money. Our leaders have failed us miserably but we voted them into positions of power and leadership....knowing full well that our leaders couldn't lead a pack of starving wolves to a wrecked meat truck. Expecting idiots who wipe their butts with their bare left hands to fit in to a modern western society is destined to go down in history as one of the dumbest acts in the history of mankind.

Now ask yourself this question :

Would you rather hold the majority of your personal wealth in paper fiat printed by one of the same mindless countries named above or in gold and silver in hand ?

infometron
Nov 24, 2015 - 9:27pm

@AlienEyes

Given your seemingly savvy disposition, I'm continually surprised to hear you imply that voting actually matters... I very much doubt it has mattered at all in Western democracies for decades now.

infometron
Nov 24, 2015 - 9:46pm

@Chiron

Very interesting post! Excellent questions for Steve St. Angelo.

BTW, if it hasn't been posted here yet, here is a great recent interview with Steve:

Ask The Expert - Steve St. Angelo (November 2015)
4 oz
Nov 24, 2015 - 10:20pm

Starting live -now-

You can stream John Batchleor and Professor Cohen & be in TFMetals chatroom for discussing the discussion can be accessed here: https://tinychat.com/tfmetals

https://player.listenlive.co/26491

AlienEyes
Nov 24, 2015 - 10:21pm

@ infometron

At some level, voting matters. How much it matters and in exactly what way it matters is another topic altogether. If it was as you say, there would be absolutely no reason to spend billions on being elected. If it was as you say, there would be no reason to illegally / unwisely import foreigners whose only talent and purpose is voting.

The real corruption of voting occurs when two or three identical candidates run for the same office and the voters are duped into thinking they have a choice....which is not a difficult thing to do with an ocean of idiots in the voter pool. The only real danger to politicians from the voters is when the voters find out how badly they have been screwed and resort to mob violence on a nationwide scale. Our leaders think we are close to that point now and the police and military are being trained to deal with it. 

AIJ
Nov 24, 2015 - 10:24pm

Voting

Actually, Scientifically and according to statistics, your vote is not significant. The measure of significance is that if you remove your vote, would the outcome be the same? Yes of course.

So, your vote counts but it is not significant.

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