A Labor of Love from The Golden Jackass

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As per tradition here at TFMR, our pal Jim Willie stopped by to celebrate the 3-day holiday weekend of Labor Day in the U.S. You should be sure to carve out some time to give this audio a thorough listen.

I decided to change the format a bit for this show. Instead of a list of questions for The Jackass to answer, I thought it would be fun to just simply give him some general topics and then just let him ride a stream of consciousness to wherever his big brain leads him.

Those three topics could be loosely described as:

  • The Fed/Bonds/Derivatives/NIRP/EU Banks. This is the first 20 minutes or so.
  • The G20 meeting in September/The IMF SDR inclusion of the yuan in October/gold. This evolves over the next 15-20 minutes.
  • International rejection of US treasuries/The future of the dollar/Gold-backed bonds/Gold-backed trade notes. This is the final 25 minutes.

So, anyway, have fun listening. I tried to keep my input to a minimum as most subscribers here at TFMR already know what I think on most of these issues. These podcasts are designed to give you access to what The Jackass thinks, instead.




JQuest's picture

Eric Hadik: Precious Metals Market Taps The Break

Published on Sep 3, 2016 (Audio)

Wall St for Main St welcomed back Eric Hadik, who is the editor of InsideTrack.


Maryann's picture


Woke up by the tremors in North Texas...just very faint but I knew what it was as we felt them a few years ago when another earthquake hit closer to us.  Such a strange sensation.  Hope everyone has a relaxing and fun weekend.  We need a little break.smiley

Safety Dan's picture

With Obama Humiliated, Leaked

With Obama Humiliated, Leaked G-20 Draft Reveals More Fiscal, Monetary Stimulus Coming


... the draft communique has already been leaked, in other words the determination of the summit has been made before it even took place.

Of course, the big news of this weekend's G-20 event was neither the summit, nor the communique, but the unprecedented and prearranged snub by China targeting president Obama, who after an unexpected show of solidarity on Saturday over the global effort to address climate change, was humiliated by China when Obama arrived at Hangzhou Xiaoshan airport, when as reported earlier, first the receiving China delegation made sure there was no staircase for Obama to exit the plane and descend on the red carpet; the president of the world's most powerful nation was thus forced to use an emergency exit for his final arrival in China as commander in chief.


Then, around the time Obama was exiting through the emergency staircase, a Chinese official attempted to block national security adviser Susan Rice and Deputy National Security Adviser Ben Rhodes after they lifted a blue rope holding back press and walked to the other side of it, closer to Obama. A member of the Chinese delegation began shouting at White House staff, demanding the pool leave the arrival scene. A White House official said Obama was our president and Air Force One was our plane and that the press was not going to move from the designated area. The Chinese official angrily responded "This is our country. This is our airport."

The scandals continued later, with members of the Chinese and US delegations coming close to throwing punches at each other: as we previously reported, two Chinese officials - one working to assist the American delegation - had to be physically separated after trying to hit each other outside an event.

As the WSJ adds, "the Chinese barred Mr. Obama from including his traveling press contingent in his motorcade. The hosts also have refused a White House request for a joint press conference with Mr. Xi, and they plan to block Mr. Obama’s solo press briefing from airing live on Chinese television."

In short, the fate of G-20 meeting was fixed: no matter what was decided, it would forever be remember as the event where China snubbed the US president in an unprecedented fashion one final time.

Incidentally, for those wondering why the meeting took place in Hangzho, a city which Chinese authorities literally had to empty out, instead of Beijing, the answer comes from the Twitter account of Beijing Air:


Safety Dan's picture

3 Articles On Why Central Bankers Suck..

Sorry, Losers! How The Fed Has Screwed The Many To Protect The Few

By its actions, the Federal Reserve has selected a precious few winners and many, many losers.  Sadly, you are highly likely to be one of the losers. Sorry!

The Chinese Are Buying Gold, Selling Treasuries - Should You?

Since July of 2011, two of the largest and most important asset classes in the world, US Treasury debt and gold valuations, have been moving in contradiction to supply and demand data.  US Treasury rates have fallen by a third since the vast majority of previous buyers since have ceased accumulating... and gold has fallen about 25% on increasing physical demand.  These are simply not the hallmarks of a free market.  However, the only thing investors should be more afraid of than a free market correction or potential market crash is the absence of free markets...

ECB Board Member Lashes Out At Central Banking: Ignore "Mathematical Models", Focus On Reality

An ECB board member warned against using "academic proposals that prefer sophisticated models to social psychology." Warning that "we cannot fulfill our mandate with mathematical equations, but only with instruments that maintain trust in the currency" and that "extreme measures or legal violations of our mandate aren't among those instruments."

tyberious's picture

Danny B

Honest money and crooked governments

Benjamin Franklin; "We have no poor houses in the Colonies; and if we had some, there would be nobody to put in them, since there is, in the Colonies, not a single unemployed person, neither beggars nor tramps."

Thanks To Free Money Issued By The Nation
His friends could not believe their ears, and even less understand this fact, since when the English poor houses and jails became too cluttered"
"That is simple. In the Colonies, we issue our own paper money. It is called 'Colonial Scrip.' We issue it in proper proportion to make the goods and pass easily from the producers to the consumers. In this manner, creating ourselves our own paper money, we control its purchasing power and we have no interest to pay to no one."
"The first law was passed in 1751, and then completed by a more restrictive law in 1763. Franklin reported that one year after the implementation of this prohibition on Colonial money, the streets of the Colonies were filled with unemployment and beggars, just like in England, because there was not enough money to pay for the goods and work. The circulating medium of exchange had been reduced by half."
America Created It's Own Money In 1750 How Benjamin Franklin Made New England Prosperous

Simply put, our colonial miracle came to an abrupt end because the European bankers were aghast at the idea that we created money just for productive projects and NOT to generate interest.

"One can see that in 1932, the year before Hitler and Roosevelt both came to power, Germany's unemployment rate was 30.1% and America's was 24.9%. But within just five years, Germany's unemployment rate was reduced to only 4.6% (1937) and dropped even further to only 2.1% a year later. By contrast, FDR in 1937 still had 13.2% unemployment which actually rose to 19.8% a year later."
"Germany was a small country with coal as its only resource. Germany had been defeated in a terrible war which America won and to whom almost the entire world was deeply in debt financially. Germany was also the target of a worldwide Jewish economic boycott "
"British historian A.J.P. Taylor gave the Nazis credit for creating widespread prosperity, concluding on pages 104-05; “The Nazi secret was not armament production; it was freedom from the then orthodox principles of economics. Government spending provided all the happy effects of mild inflation;"
"Hjalmar Schacht, who was temporarily head of the German central bank and a defendant in the Nuremberg Trial, summed it up thus… An American banker had commented, “Dr. Schacht, you should come to America. We’ve lots of money and that’s real banking.” Schacht replied, “You should come to Berlin. We don’t have money. That’s real banking.”

Germany created high employment by printing interest-free GOV money for WORKS,,,, The German miracle. And what did it get them? Churchill;"WW II could have been avoided but, the bankers wanted it".
Ben Franklin told the Europeans that the colonies printed interest-free money for WORKS. That immediately got us a war.

The problem is NOT interest-free money. The problem is NOT interest-free money for productive work. The problem is huge amounts of money created for speculation by the parasites who have no history or intention of working.
"We issue it in proper proportion to make the goods" YES, purchasing power equivalent to GDP.
The Marxists and the Fascists, being strangers to hard work, have no interest in a standard of living that is commensurate with the effort they expend to produce. "Money" must be created FAR in excess of actual productivity for them to survive. They survive quite handsomely at that.
The gold standard is universally hated by those who shun actual productive work. BUT by negating the gold standard, they have removed ALL restrictions on currency creation.
Jacob Rothschild referred to the failure of the "experiment"
The PTB inflated the money supply to supply a high standard of living for as many people as possible. As usual, they got carried away.

Confidence has been lost and people are deserting the markets and banks. They are all hollowed out. The non-producers certainly don't want honest markets OR, those markets would demand honest money and honest labor.

Gold is on it's way back into prominence.
The Coming Gold Super-Spike - The Daily Reckoning
"The markets are preparing for a slingshot move that will make most people’s nose bleeds." "So in the end, we will set the stage for all this craziness moving to extremes. Then ask yourself this question? Are you willing to hand your money to government and ask them to hold it for you? If we are concerned about banks, and we are concerned about government, then there is not much life but to move to the private sector."

"The end game is really the collapse of the monetary system and hopefully that coincides with a collapse in government power. That is where gold will make the transition from the old to the new.

Therefore, what we are ultimately looking for from gold is the hedge against government to make that transition, which historically always happens. "
"Gold has its role. Understand it for what it is. There is no knight in shining white Armour to come save the day. We are looking at the collapse of socialism (pensions etc) and this should result in massive civil unrest, which the government knows is coming and they are preparing to defend themselves against the people. We are cattle in their view. The great unwashed collateral damage over whom they never lose a night’s sleep. Never forget that." Moooooo !
"paper money will be swapped. It will not become toilet paper for then you have all out revolution and the heads of officials typically are lost during such events adorning the spikes for display."
As I've mentioned several times, paper currency will continue to be in demand.

Safety Dan's picture

Scientists just found an

Scientists just found an advanced form of malware that's been hiding for at least 5 years


Security researchers have announced the discovery of an advanced malware platform that has operated undetected for at least five years.

According to experts, "ProjectSauron" is so advanced and well designed that it's likely the work of a state-sponsored hacking group – ie. backed by a government intelligence organisation.

The malware has been active since at least 2011, targeting high-profile networks in Russia, China, Sweden, and other countries.

Researchers at computer security firms Symantec and Kaspersky Lab detected the malware in a joint effort, and say it's been discovered in more than 30 infected sites so far – including an airline in China, an embassy in Belgium, and an unidentified organisation in Sweden.

Unlike the kind of consumer-targeting malware that affects regular PCs, ProjectSauron – which also goes by the name Remsec – has a more specific focus, although it does run on common Microsoft Windows platforms.

The malware is designed to infiltrate computer networks run by organisations such as governments, military sites, scientific research centres, and corporate IT systems.

It aims to spy on infected networks, opening a back door to compromised systems, logging keystrokes, and stealing personal information, like user credentials and passwords.

projectsauron eng 1-1024x378Kaspersky Lab

The ProjectSauron name comes from references to "Sauron" in the malware's code (see the image above), and Symantec says it's been created by a previously unknown hacking group called Strider – who are clearly fond of their The Lord of the Rings references.


Safety Dan's picture

LAWLESS – Obama Border Patrol

LAWLESS – Obama Border Patrol Website Gives Illegals Advice on Avoiding Border Patrol, DHS Posting “Safe Haven List” for Them, ICE Arresting Only 101 of 172,000 Criminal Illegals

Submitted by IWB, on September 3rd, 2016


Safety Dan's picture

Leaked documents from George

Leaked documents from George Soros’ Open Society Foundation reveal that he is using the Black Lives Matter movement as a tool to further a hidden agenda.


People have likened the modern American police state to a return of Nazi Germany’s SS.

Now, leaked documents from George Soros’ Open Society Foundation show that the organization’s goal behind funding the Black Lives Matter movement is ultimately to federalize America’s police forces.

The document is aptly called, “Police Reform:

Safety Dan's picture

Japan Authorizes Commercial

Japan Authorizes Commercial Flounder “Test-Fishing” Off Coast Of Fukushima

Submitted by IWB, on September 3rd, 2016“

The sales of flounder caught in Fukushima Prefecture might soon resume, with fishermen already “test-fishing” for the first batches of the flatfish. The five-year-long halt in flounder fishing and sales was prompted by the deadly nuclear disaster.

On Friday fishermen caught flounder off the coast of Iwaki, Fukushima Prefecture, during the first test fishing since the 2011 nuclear disaster, Japan’s Asahi Shimbun reports. Flounder along with ten other kinds of fish was added to the list for “test-fishing” last week, meaning it is “safe” for sales.”


JQuest's picture


old stuff....


cavalier's picture

People trust their cash more than uncle sam

"People trust their cash more than uncle sam" is the title is the letters to the editor section of the Wall Street Journal weekend edition that lets people respond to last weekend's hit piece on cash. All of the readers basically ridicule the prior article. Some of my favorite quotes are:

"Cash is a store of value. Even if you could eliminate all cash, criminals would find another currency to trade in: cigarettes, liquor, soap, gold, silver, stamps, art, guns, etc."

"Perhaps his real agenda in touting a cashless society is how it would permit the government simply to confiscate the wealth of its citizens at will by imposing negative interest rates."

"A future without cash is a future of economic slavery for the common man. Leave my freedom alone, Dr. Rogoff."

Regardless of what the Journal publishes, these letters indicate the readers are not buying it.

JQuest's picture

Art Cashin (Audio Interview)

Safety Dan's picture

Electromagnetic Fields and

Electromagnetic Fields and Their Effects

Friday, 2 September 2016


By Catherine J Frompovich

Can you see and feel its effects in the air?  Of course you can, but you don’t know how to identify it correctly!  It’s all around us like an ocean of electromagnetic frequencies that we are swimming in, which are pulsed out from many more sources than we can begin to imagine and, more confoundedly, not accept that they are causing damage to all living elements, especially young children who are most vulnerable.

I’m talking about electromagnetic fields (EMFs) or radiofrequencies (RFs), which have become so ubiquitous that we haven’t stopped to realize what’s been happening to us—especially children exposed to Wi-Fi in schools—and how trees [4] and other plant life are being damaged.

Where do these EMFs come from?


Here’s a chart put out by the EPA of EMF radiation dangers for popular appliances:


Chart Source: https://www.safespaceprotection.com/emf-health-risks/emf-health-effects/emfs-in-the-home/

Did you know that the frequency inside a microwave oven is 2.45 billion hertz?  


However, that chart does not include such appliances as baby monitors, routers, Wi-Fi, etc.  But the recently utility-mandated retrofitted AMI Smart Meters for home and business utilities really do a number on emitting EMFs/RFs.


Chart: http://emfsafetynetwork.org/tag/smart-meter-radiation/ and Ronald Powell, PhD

So, what does the above have to do with the potential dangers of electromagnetic fields and their effects on the environment?

More here: http://www.earth-heal.com/news/news/116-electromagnetic-pollution/2893-electromagnetic-effects.html

marchas45's picture

Is It Time

You Bet It Is. Keep Stacking

JQuest's picture

Warren Pollock-US Twilight Zone of Pre-Collapse

J Siefert's picture

Greg Hunter and John Rubino

Great discussion with John Rubino. Well worth listening to (if not already heard)

Paganini's picture


For anyone interested, the EMF- Portal  is "an extensive literature database with an inventory of 23,596 publications and 5,779 summaries of individual scientific studies on the effects of electromagnetic fields". 


Safety Dan's picture

Pfizer Vice President blows

Pfizer Vice President blows the whistle: Reveals Dark Truth About Pharmaceutical Industry

by Arjun Walia

whistleblower pfizerBelow is a clip taken from the “One More Girl” documentary, a film regarding the Gardasil vaccine, which was designed to prevent Human Papillomavirus. In it, Dr. Peter Rost, MD, a former vice president of one of the largest pharmaceutical companies in the world (Pfizer), shares the truth about the ties between the medical and pharmaceutical industry.

Rost is a former vice president of Pfizer, and a whistleblower of the entire pharmaceutical industry in general. He is the author of “The Whistleblower, Confessions of a Healthcare Hitman.” Considering his work experience, it would be an understatement to say that he is an insider expert on big pharma marketing.

Below are a couple of quotes from both a former and a current editor-in-chief of the two largest, and what are considered to be the most credible, medical journals in the world. It’s only fitting to include them into the article as they are directly related to what Dr. Rost hints at in the video.

“It is simply no longer possible to believe much of the clinical research that is published, or to rely on the judgment of trusted physicians or authoritative medical guidelines. I take no pleasure in this conclusion, which I reached slowly and reluctantly over my two decades as an editor of the New England Journal of Medicine.”  – Dr. Marcia Angell, a physician and longtime editor-in-chief of the New England Medical Journal (NEMJ) (source)

“The case against science is straightforward: much of the scientific literature, perhaps half, may simply be untrue. Afflicted by studies with small sample sizes, tiny effects, invalid exploratory analyses, and flagrant conflicts of interest, together with an obsession for pursuing fashionable trends of dubious importance, science has taken a turn towards darkness.”  – Dr. Richard Horton, the current editor-in-chief of the Lancet – considered to be one of the most well respected peer-reviewed medical journals in the world. (source)

Video is 2:36min

It’s Time To Re-Think Current Medical Research & See The Bigger Picture

In 2005 Dr. John P.A. Ioannidis, currently a professor in disease prevention at Stanford University, published the most widely accessed article in the history of the Public Library of Science (PLoS) entitled Why Most Published Research Findings Are False. In the report he states:

“There is increasing concern that most current published research findings are false.”

We now have a large amount of evidence, and statements from experts that come directly from the field, which paint a very concerning picture. The science used to educate doctors and develop medicine is flawed. We are only ever exposed to studies that have been sponsored by big pharmaceutical companies, but these studies are not designed to take the long view. They are not designed to detect problems that can occur years or even decades after a treatment, or examine the risks of taking a drug for long periods of time. Nobody ever seems to mention or acknowledge the many studies which clearly show significant risk associated with many of the products that pharmaceutical companies are manufacturing to help fight disease.

What is even more concerning is the general population’s lack of awareness when it comes to these facts. This issue is definitely not going to be addressed in the mainstream news, and despite plenty of evidence to support it, some people will refuse to even look at or acknowledge that it exists. 


Edit - Love thy neighbor as thyself. Share this article, if you find it worthy.

Dr. P. Metals's picture

Good quotes from Rubino

"Being early feels like being wrong for a little while"

"The money bubble is the big bubble on which all the other bubbles have been built on" (basically fiat)

"System will break down shortly or go on to even crazier levels of experiments" surprise

Markedtofuture's picture

Was Israel’s satellite sabotaged on US rocket pad?

Was Israel’s satellite sabotaged on US rocket pad?

DEBKAfile Exclusive Report September 3, 2016, 7:53 PM (IDT)

A day after Israel’s Amos-6 communications satellite was lost in a highly unusual explosion/fast fire of the SpaceX’s Falcon 9 rocket and its Amos 6 satellite payload at Cape Canaveral, some Israel aerospace industry experts are beginning to suspect sabotage. They are keeping their suspicions to themselves pending an investigation in which NASA ad the US Air Force will be taking part.
An explosion or fire occurring during a standard pre-launch static test prior to the engine igniting may be unique. These Israeli experts can’t recall any space satellite disasters happening at that particular stage.
Immediately after the event, SpaceX founder Elon Musk said an “anomaly happened around the upper-stage oxygen tank wile propellant was being loaded into the vehicle.”
Two days later, Saturday, Sept. 3, Musk attributed the loss to a “fast fire” rather than an explosion.


Orange's picture


Finally being treated as he should be, or should I say nearly, as he should be in jail with Hitlery.


bently's picture

Obama insulted in China

The Chinese are openly snubbing and insulting Obama this weekend at the G20.  Quite an event in itself. Their disdain for the American president would seem to hand-in-hand with their undermining  of the dollar.

JQuest's picture

9/11 Conspiracy: The Missing 28 Pages (Video)


JQuest's picture

J-Hole Quote

“We still have plenty of tools,” remarked a spokesperson: “Janet Yellen, Mark Carney, Andy Haldane, Mario Draghi – does any remote, unelected bureaucracy anywhere in the world have a bigger set of tools?”


Comment: I like the way the FED regularly uses the word "TOOLS" as if there was something REAL and tangible they can use when in reality all they really have is lip flapping which they know the MSM will echo and disseminate to the unwashed masses.



All the FED has left is Bull Shit!


arch stanton's picture


back pain had me up all night, as a result I was having a tough morning.  Then I clicked on charlie on the recliner, and now I'm smiling.  Thanks Marchas.  Your upbeat life is infectious.

tyberious's picture

TRUNEWS 09/02/16 Bill Holter

TRUNEWS 09/02/16 Bill Holter | The Unveiling of China and the SDR

by Rick Wiles, TRU News:

Will September 2016 be remembered as the month the dollar died? Today on TRUNEWS, Rick Wiles is joined by financial writer Bill Holter to discuss this looming reality and Deutsche Banks refusal to fulfill physical gold contracts. Rick also shares what this power shift East means for China, and how the newly solidified superpower may use the G20 to put the United States on notice.

Click HERE to Listen

vonburpenstein's picture

Arch Stanton why don't you...

...Try an inversion table for your back...5 min twice a day...hang about 3/4, not straight up and down.

Good luck

Joseph Warren's picture

Re: J-Hole Quote

"We still have plenty of tools."

That was a typo.

Correction:  "We still have plenty of fools."

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