Out With The Old, In With The Jackass


Another holiday weekend is upon us so, as per tradition, we have another installment of a TFMR podcast with The Golden Jackass himself, Jim Willie.

Three main topics are discussed over the course of this 100+ minute discussion. The first 40 minutes deals with The Middle East, particularly Syria and Turkey. The next 20 minutes are spent discussing the recent "rate hike" by the Federal Reserve and the final segment primarily focuses upon falling crude oil prices and the impact on derivatives, interest rates and geo-politics.

You've got all weekend to digest this information so please make the time to give this a thorough listen. As usual, if you'd like to go into greater depth, we encourage you to consider a subscription to The Jackass' newsletter service, The Hat Trick Letter. There is no doubt that 2016 is going to be a wildly unpredictable and consequential year. Only quality analysis from trusted sources will help you to see your way through it.

Happy New Year to all!



Dec 30, 2015 - 2:36pm



J Siefert
Dec 30, 2015 - 2:40pm


I was looking forward to this.

Dec 30, 2015 - 2:41pm

Lots of visitors this holiday weekend

Therefore, let's try to keep this thread on-topic as much as possible in order to show everyone what this site is all about. Let's keep the discussion focused upon the precious metals and economics. Geo-politics will also come into play in 2016 but, by focusing the discussion, we can remind ourselves that we're all in this together, seeking to survive The End of The Great Keynesian Experiment.

Dec 30, 2015 - 2:44pm


Yahoo! Put on yer thick skin, open your mind, but don't leave your brain behind! ;^)

Dec 30, 2015 - 2:52pm

Surprised me

I thought the tradition may have been broken.

Now to enjoy some fresh Jackass right before the new year!!! perfect!

Dec 30, 2015 - 2:54pm

Middle segment

On the Fed's rate hike - can anyone tell me what that part of the podcast says? (I'm deaf) Thanks!

Dec 30, 2015 - 3:28pm

Precious metals and economics only?

No room for New Year's greetings?...wishes?...resolutions?

Dec 30, 2015 - 3:36pm


anyone see the S&P500 just drop like a rock on no news?

Dec 30, 2015 - 3:46pm

Thank God

A Fresh Thread. Oop's is it Ok! to say God? Keep Stacking

Dec 30, 2015 - 3:51pm
J Siefert
Dec 30, 2015 - 4:01pm

Re. Time to build an ark?

As I understand it, since the north pole is mainly a frozen ocean there is no more ice there than when it melts to water. From that point of view (only) there is no problem, ie it should not cause sea levels to rise.

bim jeam
Dec 30, 2015 - 4:03pm


The north pole referred to is a town in the middle of Alaska.
Not The North Pole.

Mr. Fix
Dec 30, 2015 - 4:07pm


I've been waiting for this one...

Happy New Year's to all of you.

J Siefert
Dec 30, 2015 - 4:08pm

@ bim jeam Ark

What the whole of Europe is talking about right now is The North Pole at the top of the world.

Dec 30, 2015 - 4:27pm

Now if Greenland's Ice were to melt

You might need to move a bit inland.

Ice sheets contain enormous quantities of frozen water. If the Greenland Ice Sheet melted, scientists estimate that sea level would rise about 6 meters (20 feet). If the Antarctic Ice Sheet melted, sea level would rise by about 60 meters (200 feet).

Quick Facts on Ice Sheets - National Snow and Ice Data ...

https://nsidc.org/.../icesheets.htmlNational Snow and Ice Data Center

Dec 30, 2015 - 5:04pm

RE: Lots of visitors this holiday weekend

Taken to heart!

And Happy New!

Dec 30, 2015 - 5:10pm

Gold/silver mining company stock prices that INCREASED in 2015

I've been using down time to research gold and silver miners. I searched for companies with market caps >$100M, and whose stocks trade in the US either directly on a US exchange, through an ADR, or OTC. With those constraints, here are the top five performers in terms of share price for 2015:

1. Claude Resources (+125% in 2015): Operates in Saskatchewan with low cost mines that are profitable at the current gold price, and they have low debt.

2. Gold Standard Ventures (+56%): Exploration company with a large property in Nevada. With my cursory research, it appears that you are buying a story that something good will come out of the ground. It gives me a bad feeling.

3. Novagold Resources (+45%): They have one of the largest gold deposits in the world in Alaska (Donlin property). As Brent Cook said, it may never get mined in our lifetimes because of the billions of dollars in infrastructure needed.

4. Lake Shore Gold (+25%): Two producing mines in Ontario with an overall AISC <$950 oz. Low debt and $88M in cash and bullion on hand.

5. Klondex Mines (+25%): Gold/silver miner with properties in Nevada operating with an AISC <$800 oz. Fairly low debt, $68M (Canadian dollars) of cash on hand, and has positive net income.

If you raise the minimum market cap from $100M to $1B, there are only TWO mining companies that had an increase in share price in 2015: Novagold (mentioned above), and Agnico Eagle (+13%).

The only one of these that I currently own is Agnico Eagle.

4 oz
Dec 30, 2015 - 5:12pm


Growing more convinced every day that there are a lot more with us ---than there are with them.

A lot more. It's not even close.

Dec 30, 2015 - 5:14pm

Thanks Turd!

A long weekend always goes better with some Jackass and Turd guiding the discussions!

Thanks for making this public so I can share it!

Happy New Year, all!


Dec 30, 2015 - 5:38pm

The Greatest Murder Machine in History

"When one thinks of mass murder, Hitler comes to mind. If not Hitler, then Tojo, Stalin, or Mao. Credit is given to the 20th-century totalitarians as the worst species of tyranny to have ever arisen. However, the alarming truth is that Islam has killed more than any of these, and may surpass all of them combined in numbers and cruelty."


Dec 30, 2015 - 5:41pm

Former DIA Director Gen Flynn Says Obama Created ISIS

Retired Army Lt. Gen Michael Flynn, the former director of the U.S. Defense Intelligence Agency is accusing the Obama regime of lying about the rise of ISIS and the assertion that they were somehow caught off guard. He says that far from being surprised by ISIS, the Obama regime allowed them to form in a deliberate act intended to unite Sunni Muslims against the Bashar al-Assad government in Syria.


Dec 30, 2015 - 5:42pm

My dad

My dad is considering a monster box. He started his little stack about 1.5 yrs ago. Win. Other preps notwithstanding, everyone that has not already done so should be diversifying out of paper and into real money. Gold and Silver. Bullion. In your possession. At these artificially low prices this is a no-brainer IMHO. I think a Golden Jackass subscription is also in the cards for me next year.

- H.

Dec 30, 2015 - 5:47pm

Great Podcast Guys

For what's coming down the road in 2016. Hopefully the knowledgeable ones here on TFM can and will discuss what we can expect and how to deal with it so we all can learn. Keep Stacking

LENR: Low Energy Nuclear Reactions https://energy2point0.org/what-is-lenr/

Jim Willie it's called a Left Half and you had a Center Half and a Right Half. Lol

Dec 30, 2015 - 5:50pm

Bloody Hell

Stay on the Topic these two guys just did a great Podcast at least listen and comment on that instead of trying to steal the thread.

Nick Elway
Dec 30, 2015 - 5:57pm

More Jim Willie from Dec 11

Just in case you need another 2 hours of JW to get you through the weekend..

JW 2 hour caravan to midnight segment start 1:15 in (Thanks to some turdite who posted this earlier)

Caravan To Midnight - Episode 425 Dr. Jim Willie: European Union Losing it’s Unity?

I think Jim Willie is an optimist..

From Joel Skousen's World Affairs Brief:

The Powers That Be (PTB) are desperately trying to keep things from collapsing until a major world war comes, because war will give them cover for all the globalist traps they plan on unleashing upon us—a new world order, a new world currency, global taxing power, and global military and police forces—and blame it all on the war. They can’t get those things by voluntary means. They need a horrific war to drive people into it, under the guise of “saving the nation.” (snip)

Those that have accumulated a lot of gold and silver bullion need to be prepared to sell it just prior to war. Cash will be king during the first years of war, and it will be very hard to use high value gold bars or coins for purchases. Don’t expect any dealers to buy back gold and silver during the war.

You also need to think about the impossibility of anyone giving you change for a $2000 gold coin—if they accept it as such. The common person will have no idea how to validate whether a coin is counterfeit or not. That’s why the best barter coin will probably be lower value silver, specifically silver dollars in new condition. They are legal tender and people can easily validate them. They are still readily available.

Silver dimes make the most sense to me..

Dec 30, 2015 - 6:45pm

Jim's cranium

I'm curious if Jim ever got his head fixed. That's really got to be embarrasing...

(That's Photoshop folks )

Fred Hayek
Dec 30, 2015 - 8:59pm

Another great piece by SRSRocco

The link below is to the most recent article by Steve St. Angelo.

He looks at the number of shares outstanding for the five biggest gold producers, Barrick, GoldCorp, Goldfields, Newmont and Anglo Gold. Back in 2000, these companies had a total, among them, of 1.4 million shares outstanding. Now, they have 3.7 million shares outstanding. More than 2.5 times as many! Meanwhile, the actual production of these companies as declined about 10%.

Steve's basic argument, I think, is that faced with rising costs and then a declining price for their product these companies decided that the way out was to rape their share holders (his phrasing!)


Dec 30, 2015 - 9:12pm

Turd....Business advice

Years ago I played volleyball. After while our place became so popular, that we had "too many players" participating. Things became heated sometimes, because we had to wait or make turns to play, or some didn't play up to expectations, etc. We voted to come up with RESTRICTIONS to make it better.....Soon only the best few players stayed, only the "experts" played.... and everything became boring like hell.....A year later the the whole thing collapsed like an umbrella.

We realized that our best assets were not the best players....but everybody with enthusiasm for the game, the diversity of characters, everybody that was willing to come and play. But it was too late.

Dec 30, 2015 - 9:33pm

Well Canary, I agree with you, but...

when I was a kid, I was often picked AFTER the fat kid with myopia. Sooooooo...uh yeah, your right.

Dec 30, 2015 - 10:16pm

The Federal War on Gold

The Federal War on Gold

by jhornberger[at]fff[dot]org (Jacob G. Hornberger)



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