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!



Angry Chef
Jan 2, 2016 - 7:07pm

Just saw " The Big Short "

I feel as a PM stacker and investor just like the characters in the movie " The Big Short ". They knew they were right. They did they're homework and acted accordingly. Only to have to sweat it out while the FRAUD laced Banksters, Regulators, and Politicians strung out the game longer than " economic mother nature " would have normally allowed. We here in Turdville have done out homework. We know we're right. Unfortunately when we are proven right. There isn't going to be a lot standing around us. Just burnt our chars of Countries and Economies. All left in absolute chaos because nobody would do the right thing and allow these criminals to fail and go to jail.

And I couldn't help but think of Mr Magoo ( Al " The Kiddies Pal " Greenspan ) and how after all the crap had hit the fan back in 2008 he was awarded a Knighthood by Lizzie The Lizard. Now why would a Fed Chairman be given a Knighthood by the Queen ? Because she was made whole just like Goldman Sachs....

Hang in my friends. And know you're right. Just a matter of whether or not we can all hang in thru the margin calls.

Angry Chef
Jan 2, 2016 - 7:10pm


Middle East Respiratory Syndrome. Kind of like AIDS and SARS. It targets specific races. It's called biological warfare. But that is one crazy conspiracy theory isn't it.

Jan 2, 2016 - 7:40pm

WRT Thomas Malthus

Still wrong after all these years as food supply has kept pace with population growth.

Mr. Fix
Jan 2, 2016 - 7:49pm

A short rebuttal to "great questions"

The things that average humans cannot know goes far beyond what most human beings even believe to be possible. In fact, obscuring what is possible is the primary weapon being used against us.

False narratives permeate all of academia, in fact, in a very real way, the more time and energy you apply to higher education, the less you will actually know about how this world works.

Combine that with the deliberate dissemination of misinformation, so that when you achieve high levels of academic achievement, you believe with certainty all the false narratives that you have been fed. Now you are literally unteachable.

As Mark Twain famously said, "it is much easier to fool someone, then to convince them that they have been fooled”.

Combine that with a famous quote by ex-CIA chief James Woosley 'we will have completed our job when everything Americans believe is false".

We have been taught that resources are scarce, that is a lie.. They are plentiful. We have been taught that governments are necessary, and that is another lie, one that has been handed down, generation after generation.

There are no officially sanctioned institutions of learning where they teach humans anything more than what is necessary to be a productive slave. Any ability to think outside the box is systematically squashed, through the educational systems, as well as the religious institutions.

All of human history has been completely rewritten, the official narrative isn't even close to the archaeological evidence.

Humanity has been on this planet for far, far longer than we have been led to believe. Many hundreds of thousands of years longer, and efforts to obscure this fact have been ongoing for all of recorded history.

Not to refute Libero's point on technology eliminating the need for humans, just because of who he is, which is my normal motivation, but because of the point he was making. The only technological advancements that have been allowed, have been specifically geared towards the consolidation of power. Such an outcome is inherently flawed, denies human beings basic liberties, and destroys human nature across the board.

Human beings were designed to be self-governing. You will not find a government learning institution, or a religion that agrees with that assertion, but it is the truth.

If communities were designed to be self-sustaining, the way they were prior to technology, there would still be plenty for everyone to do. It's not the technology that has eliminated jobs, it is the centralization.

The elite are gearing us up for a one world government, and a new bogus belief system will be mandated as a religion to support such a ridiculous premise.

Because such an incredibly small amount of people will be in charge of all of humanity, the fast majority of planet Earth's inhabitants will be deemed "useless eaters”.

I've had many discussions on these pages with people who firmly believe the lies that they have been taught. Many offer up PhD's as authentication for their point of view. In our current system, these are arguably some of the stupidest people alive. They have simply been taught and learned more lies than most people.

Knowledge has also been so highly compartmentalized, that few people actually know enough skills for self-sufficiency anymore. This was vastly different only a hundred years ago.

So while I can tell you that we would be better off without the system, humanity has become so dependent upon it, that by abruptly removing it, the amount of casualties will be catastrophic. Exactly as intended.

My general point of view does not usually fly well on Main Street, although I often engage in deep discussions on many topics in one of the forums, particularly "I wonder why that is” (IWWTI).

My favorite topics are suppressed technologies, for example, humanity has not needed to burn fossil fuels for over 100 years, but it's just way too profitable to let such technologies loose.

Virtually every disease known to mankind has already been cured, but the pharmaceutical companies would never allow such knowledge to be widely known.

The origins of religion are often discussed, as well as the effect it has had on human civilization.

Understandably, such topics do not play well for a broader audience.

Humanity has never had the opportunities that it has now to learn, virtually all knowledge is instantly available.

The problem is most people don't even try. Worse than that, are the ones that think they already know it all.

We have a dangerous combination of circumstances, all leading up to a catastrophic societal collapse of biblical portions.

It's been thoroughly engineered, by people with motivations far to evil for most to comprehend.

Quite frankly, I don't think the agenda can be pulled off, for a large variety of reasons. But they will wreak some havoc in the process.

Arm yourself with knowledge, and be prepared.


I wouldn't even attempt to try to whittle that down to 100 words.

Jan 2, 2016 - 8:01pm

A Bazzilion "Hat Tips" to you Mr. Fix.

You are the last person I want whittled to 100 words.

Same for Tyberious and Safety Dan and many other valuable contributors.

Thank you all.

AlienEyes glenno321
Jan 2, 2016 - 8:10pm

@ glenno321

MERS : Middle East Respiratory Syndrome

Often fatal, MERS is a relatively new disease that originated in the last twenty years or so.

SteveW glenno321
Jan 2, 2016 - 8:14pm

@glenno321: MERS

MERS (Middle East Respiratory Syndrome) cousin of SARS. Said to have been acquired from camels in Saudi Arabia.


EDIT: It's a coronavirus and so unlike AIDS. The name refers to its geographic origin of discovery and not any potential to affect particular humans.

Jan 2, 2016 - 8:21pm

Angry Chef et al

Sorry but I answered about MERS before going to the next page. Whoops.

Jan 2, 2016 - 8:21pm

Mr Fix

"We have been taught that resources are scarce, that is a lie.. They are plentiful."

An exponentially growing population is unsustainable on a finite planet. Maybe you have some repressed mathematical formulae to disprove this statement?

The Most IMPORTANT Video You'll Ever See (part 1 of 8)
Verus nemo
Jan 2, 2016 - 8:28pm

@glenno321 on MERS

In the context of the George Soros article on page 6 of this thread, Indiana Rod had the correct answer as to what MERS refers to. It's a mess but you can and should do your own research on MERS to establish that for yourself.

Dyna mo hum
Jan 2, 2016 - 8:37pm
Jan 2, 2016 - 10:35pm

Valero Bowl

1st Half. Oregon 31, TCU 0

2nd Half Oregon 31, TCU 31


Mr. Fix
Jan 3, 2016 - 12:07am

Steve W, and exponential growth

This is not a mathematical problem, it is a cultural and policy problem. Human populations remained relatively constant until the past century. The mess that we are now facing has been completely contrived, in many devious ways. Supporting entire segments of a population by stealing from the productive, is completely unsustainable. Maintaining the semblance of a civil society on completely borrowed funds printed out of thin air is also completely unsustainable.

Removing individual responsibility is completely unsustainable. The fact of the matter is, exponential growth is not normal, or natural. The entire global monetary system is set up in a manner that ensures it will collapse if it doesn't constantly grow.

Our entire way of life, and what we consider to be normal, is a well orchestrated prelude to disaster.

Our entire monetary system is also just a means to steal the wealth of planet Earth. This is a contrived scarcity all by itself.

I see your video was essentially a professor teaching a bunch of mind numbed skulls full of mush the "official" narrative that the elites would want them to believe to be true. Your video is bullshit, because it is based on a false premise.

Scarcity has been, and is being manufactured for us, the combination of withheld technology, redistribution schemes, and a genuinely malevolent agenda, combined with constant propaganda, have led you to a point where that video appears to be true.

Some honesty across the board would change everything, but at this point, most would not even see it if it was presented to them.

Jan 3, 2016 - 12:55am

Mr. Fix

"Some honesty across the board would change everything, but at this point, most would not even see it if it was presented to them."

I hope this does not refer to me since I object to being characterized as dishonest.

"Your video is bullshit, because it is based on a false premise."

The series of 8 videos explain the effects of exponential growth. Exactly how is this premise of exponential growth false?

"The fact of the matter is, exponential growth is not normal, or natural."

Exponential growth is quite normal and unsustainable as you point out, its a feature of our monetary system. It is also quite natural, yeast will consume all the available sugar in pressed grapes, growing exponentially, until there is no more sugar when the entire population dies. Many organisms share this characteristic.

Jan 3, 2016 - 1:02am

Weiner / Holder

A team you can believe in.

Jan 3, 2016 - 1:28am

AIJ - sequence of events

the end goal of tptb is to have a single nationless world standard.

the first thing they are going to have to do is break the current system topology that has the usd as the standard.

...a major currency crisis event, not just the media chatter we've had thus far. the pboc/cny will step up to attempt to replace the usd as king, and a handful of others will defect to the cny.

the currency crisis event and move by the pboc/cny will see the end of the comex. the media will then advertise the physical gold exchanges SGE ABX etc, as the official phyzz charts.

this effort will not go well for tptb so far as containing Silver is concerned, but it will provide the chaos from which they will attempt to establish order with their new nationless currency standard, their central bank "gold"! (which just like the pboc and new 'phyzz' exchanges is only fiat "gold")

Silver and Gold will be returning to their monetary role throughout the process with the usd/silver chart and eventually all phyzz "charts" going bye-bye.

The End result and completion of this Monetary Cycle is a certainty, the above linear spec analysis of how it goes down is just that... spec analysis


Sound Money Minnow
Jan 3, 2016 - 1:37am

Mr Fix

You are a jewel of enlightenment. God bless you for your wisdom. May many read your words.


Mr. Fix
Jan 3, 2016 - 1:50am

Steve W,

The entire eight part series on exponential growth would have absolutely no application whatsoever in an honest monetary system for starters. That was my point. Human beings are not yeast. Human beings are conscious and intelligent, or at least they used to be before war was declared against such concepts. Human beings were quite capable of living in a sustainable manner, until the invention of Central banking, and the legalization of putting professional criminals in charge.

Human civilizations never grew exponentially until the last century, and yet you insist on using your exponential growth arguments as to why civilization is unsustainable.

Have you ever even considered the possibility that having genocidal psychopaths in charge of things could be a contributing factor? Have you considered the possibility that living in a system where wars are profitable to those who run them might be unsustainable? Have you considered the possibility that giving people the ability to print money out of thin air to finance their crimes against humanity might be unsustainable? Have you considered the possibility that your video might be misdirection to keep you from looking at the real underlying causes of unsustainability?

Have you ever considered that any particular narrative might be a crock of shit?

Just as an example, I've been hearing about oil shortages since childhood, and yet we have the biggest glut in human history, and literally no place to put it. We were told that the world was running out of oil back in 1973 while I was sitting in line at the gas station that was rationing its supplies by checking for odd or even license plates. Can you comprehend a concept such as a contrived shortage?

Listen Steve, the whole basic premise of my post is that you've been lied to. I wasn't calling you dishonest, but the system clearly is.

The point of my post is that we are living under the greatest deceptions humanity has ever been faced with, and you decided to argue pure misdirection against what we've been spending years researching on the forums.

As Turd would put it, that's why we have forums.

Sound Money Minnow
Jan 3, 2016 - 1:56am

The Big Short

I just saw this movie. My wife, whom I pummel with the sound money doctrine, enjoyed it. I was kind of disappointed since I already understood the real deal, and thought that the narrative didn't go far enough. I guess the movie may be a light to those ignorant to the scheme. I thought Margin Call was a better depiction of Wall Street. Kevin Spacey is awesome. His character in the House of Cards is priceless.

The House of Cards appears to be closer to the truth than anything I hear in the lame stream media.

Pretty sad that a fictional series gets it more than our loser press.

I am half in the bag, so if no one understands what I am saying, so be it.


Sound Money Minnow
Jan 3, 2016 - 2:01am

Even half in the bag Mr. Fix makes sense!

God Bless Mr. Fix and good night to all living in Eastern Standard Time.


Jan 3, 2016 - 2:25am

False Premise

Here we are on the 3rd rock from the sun, way out on one of the spiral arms of the Milky Way Galaxy, one of apparently billions of galaxies, and we are out of resources.

We must resolve this situation ourselves because there is no God and therefore there is no plan other than our own.

I reiterate: There are 2 types of people, those that believe in God and those that believe they are God.

Good luck to those that must resolve these issues themselves.............

AlienEyes Sound Money Minnow
Jan 3, 2016 - 2:44am

@Sound Money Minnow

"Even half in the bag Mr. Fix makes sense!"

I have to ask...who is half in the bag ? You or Mr. Fix ?

Mr. Fix
Jan 3, 2016 - 2:53am

@ AlienEyes

You will find the answer in the previous post, and I don't drink.

J Siefert Dyna mo hum
Jan 3, 2016 - 3:19am


I'm afraid there's little chance of Nige closing his yapper.

J Siefert Lemming
Jan 3, 2016 - 4:44am

Re. False Premise

Logic would say there must be two other types...

Those who believe in both, ie. in God and that they are God.

And those who are completely free of all such beliefs.

Jan 3, 2016 - 6:27am

Great interview. Always

Great interview. Always interested in hearing Jim's take on world events. Happy 2016 to everyone. I hope and pray that war can be avoided, at least in the foreseeable future.

Safety Dan
Jan 3, 2016 - 7:00am

Harvard Neurosurgeon Confirms

Harvard Neurosurgeon Confirms The Afterlife Exists


Is there life after death? Do we have a soul?

The afterlife is something experienced by people who came back to tell their unbelievable stories. The most amazing account experiences is the one of the 25-year-old Harvard trained brain neurosurgeon Dr. Eben Alexander. This cannot be one of the usual afterlife accounts. Let’s explore his story and see how his experience defies all scientific explanation.

Dr. Alexander did not believe in the afterlife or a non-physical spirit. He was always surrounded by colleagues invested in the material view of life, without believing in the soul. Like most skeptics, he believed the afterlife stories were just hallucinations and products of imagination. Then, he was in coma for seven days caused by a severe case of bacterial meningitis. It was during the coma that he experienced a journey that would changes his vision of the afterlife.

Upon returning to his body, Dr. Alexander went on to write the #1 NY Times bestseller book “Proof of Heaven”. In the book, he confirms that our life on Earth is just a test that helps our souls evolve and grow and that the way we succeed in doing so is to proceed with love and compassion. Here are a few notable points from the book:

– His afterlife experience was so real that the experience as a human on Earth is just an artificial dream in comparison.

– The fabric of the afterlife was love. Yes, love dominated everything so the presence of evil was small. Know love if you wish to understand the Universe.

– All communication was telepathic. There was no need of words. All the questions asked were answered telepathically.

When he was asked what he wants everyone to know about the spiritual realm, he answered that you are more precious and loved than you can possibly imagine. You are always safe and never alone. The unconditional and perfect love of God affects everyone.

“Love is, without a doubt, the basis of everything. Not some abstract, hard-to-fathom kind of love, but the day-to-day kind that everyone knows-the kind of love we feel when we look at our spouse and our children, or even our animals. In its purest and most powerful form, this love is not jealous or selfish, but unconditional.

This is the reality of realities, the incomprehensibly glorious truth of truths that lives and breathes at the core of everything that exists or will ever exist, and no remotely accurate understanding of who and what we are can be achieved by anyone who does not know it, and embody it in all of their actions.”, says Dr. Alexander.

Now let’s discuss credibility. His neocortex was nonfunctional during the coma, so there’s no scientific evidence for why he experienced this. In his book, he gives refutations for 9 scientific explanations of what happened to him.

Exploring naturalistic explanations

More Here: https://cutermoo.com/harvard-neurosurgeon-confirms-the-afterlife-exists-1792

Safety Dan
Jan 3, 2016 - 7:01am

From $500,000 To $170 Million

From $500,000 To $170 Million In A Few Months: The Next "Subprime Trade" Emerges

Ever since a few far-sighted, contrarian traders made a killing by betting on the collapse of subprime in 2005 and 2006 - and by implication on the implosion of the capital markets - a trade famously resurrected in the latest Wall Street movie The Big Short (whose Michael Burry recently warned that "The Little Guy Will Pay" For The Next Crisis, again) everyone has been dreaming to uncover the next "subprime" - a trade that has a 20-to-1 upside to downside ratio, which can be put on in massive size, and which would lead to a quick and lucrative retirement.

So far the next "subprime trade" remains elusive, with global capital markets continuing to grind ever higher thanks to constant central bank manipulation, as first called out on this website many years ago, and as admitted recently even by such "serious" legacy institutions banks as Bank of America which in an attempt to explain market instability

Central bank’s risk manipulation well explains local tails

A good way to explain why we have seen local tail risks arise so frequently since central banks began to heavily manipulate asset prices is with the following analogy, illustrated in Exhibit 1. Essentially central banks, by unfairly inflating asset prices have compressed risk like a spring to unfairly tight levels. Unfortunately, the market is aware the price of risk is not correct, but they can’t fight it, and everyone is forced to crowd into the same trade. By manipulating markets they have also reduced investors’ inherent conviction by rendering fundamentals less relevant.

This then creates a highly unstable (fragile) situation that breaks violently when a sufficient catalyst causes risk to rise – overly crowded positioning meets a market with little conviction.

The above explanation leads to a critical line of thought: perhaps the next "subprime" trade is not shorting a mispriced asset at all?

After all, all assets are mispriced as a result of central bank intervention.

More here: https://www.zerohedge.com/news/2016-01-02/500000-170-million-few-months-...

Safety Dan
Jan 3, 2016 - 7:05am

Nigel Farage's car wheels

Nigel Farage's car wheels 'were sabotaged in an assassination attempt': Ukip leader lost control of Volvo when wheel fell off on motorway... and police confirm foul play


Read more: https://www.dailymail.co.uk/news/article-3382294/Nigel-Farage-s-car-wheels-sabotaged-assassination-attempt-Ukip-leader-lost-control-Volvo-wheel-fell-motorway-police-confirm-foul-play.html#ixzz3wBMTOUtp

Safety Dan
Jan 3, 2016 - 7:18am

Russia, China ready for joint

Russia, China ready for joint anti-terror measures — Russian Foreign Ministry Russian Politics & Diplomacy

December 31, 2015, 13:47 UTC+3

"We proceed from the fact that the Chinese partners have taken an important step towards the creation of a solid legal framework to effectively combat terrorism," the Russian Foreign Ministry says © ITAR-TASS/Yuri Smityuk READ ALSO China urges strong barriers to protect Shanghai Cooperation Organization from terrorists MOSCOW, December 31. /TASS/. Moscow welcomes the adoption by the Standing Committee of the Chinese National People’s Congress on December 27 of the Law "On Combating Terrorism," the Russian Foreign Ministry said on Thursday. "We proceed from the fact that the Chinese partners have taken an important step towards the creation of a solid legal framework to effectively combat terrorism in all its forms and manifestations," the ministry said. "The contents of the document, in our view, testify to the fact that China in its development relied on the basic norms and principles of international law, as well as take into account the experience of other countries, including Russia, in the sphere of organizing counter-terrorism activity."


Donate Shop

Get Your Subscriber Benefits

Exclusive discount for silver purchases, and a private iTunes feed for TF Metals Report podcasts!

Key Economic Events Week of 4/15

4/16 9:15 ET Cap Util and Ind Prod
4/17 8:30 ET Trade Deficit (Feb)
4/17 10:00 ET Wholesale Inventories
4/18 8:30 ET Retail Sales (March)
4/18 8:30 ET Philly Fed
4/18 10:00 ET Business Inventories (Feb)
4/19 8:30 ET Housing Starts and Building Permits

Key Economic Events Week of 4/1

4/1 8:30 ET Retail Sales (Feb)
4/1 9:45 ET Markit & ISM Manu PMIs
4/1 10:00 ET Construction Spending (Feb)
4/1 10:00 ET Business Inventories (Jan)
4/2 8:30 ET Durable Goods (Feb)
4/3 9:45 ET Markit & ISM Services PMIs
4/5 8:30 ET BLSBS

Key Economic Events Week of 3/25

3/26 8:30 ET Housing Starts (Feb)
3/27 8:30 ET Trade Deficit (Jan)
3/28 8:30 ET Q4 GDP final guess
3/28 10:00 ET Pending Home Sales (Feb)
3/29 8:30 ET Personal Income (Feb)
3/29 8:30 ET Consumer Spending and Core Infl. (Jan)
3/29 9:45 ET Chicago PMI
3/29 10:00 ET New Home Sales (Feb)