Ringing In 2018 With Jim Willie


Our old friend, Jim Willie, joins us for our annual tradition where we wrap up the year that was and look ahead to the year that will be.

As we like to do, we simply had three primary topics for The Jackass. The questions are framed and then Jim fills in the blanks. As we wrap 2017 and look toward 2018, the topics are:

  1. Interest rates, QE and the global bond market
  2. The accelerating movement toward de-dollarization and risks to the petrodollar
  3. How geo-politics and war are impacted by #2 above

You'll no doubt enjoy this 65-minute call. It's going to be a wildly unpredictable and volatile 2018. My hope for everyone listening is that it begins with a safe and relaxing New Year's weekend.



Jan 3, 2018 - 2:37am


Yes he's written some interesting stuff over the years

His blog is https://fofoa.blogspot.com/

Jan 2, 2018 - 1:57pm

but when you're the only one being generous

it can break your heart. I suppose that true generosity is to give, expecting nothing in return. I still find it tough.

ps. you've got mail. ooo

Jan 2, 2018 - 1:25pm

I hadn't thought of it that way 000 Buck

The employees steal little; the banks steal big. All in all, it's just institutionalized theft at the margins.

I'd rather pay the employee directly and leave out the middle man.

It's a good reason to tip larger than average. People remember you for generosity. That's an increasingly scarce commodity in this world

Jan 2, 2018 - 1:06pm

I suppose one reason for using only debit and cc

is that is reduces potential for theft by low-paid employees. They'd rather have your credit card information stolen than sacrifice 2 bucks out of their til. It's just business.

Jan 2, 2018 - 12:25pm

The best solutions for cashless businesses is to go bankrupt

If an OPT latte-torium refuses my cash, I walk.

Not that I'm willing to pay $5 including tip for my haf-caf cappafrappa mocchino but if I was the sort of urbanized brain damaged cuck that would pay for over priced, GMO sugar sweetened caffiened beverages, I would pay cash.

Any merchant that's seduced by a reward from Visa to offend cash paying customers is nothing more or less than a cog in the anti cash MATRIX, dancing with devil before their demise. They are not entrepreneurs. They're ust apparachiks in this vast anti cash paradigm. Pay with Bit Coin and really fuck with the 'cash' register

Consumer credit card debt is rising by the hundreds of billions and trillions, all paid on credit cards that cannot be paid off. This sub prime garbage is going to explode just like sub prime car and home loans. The only survivors will be those with cash and no debt

Jan 2, 2018 - 11:05am

FOFOA GLD explanation (New Years post)

I thought this explanation of how GLD works and what it represents was pretty interesting. Provides a good explanation of when GLD adds Gold and when it doesn't. It was certainly eye opening to me.


Jan 2, 2018 - 10:47am

Time to burn all your fiat?

“Sorry,” the cashier told her. “We don’t take cash.” Not, “We don’t take $50s.” No cash. Period.

“What?” Ms. Bryant asked.

The cashier patiently explained. Credit and debit cards were fine, as was the easy-to-download Dig Inn phone app. But the almighty dollar was powerless.


Jan 2, 2018 - 10:47am

GATA prints every negative article on bitcoin they can find...

[GATA] The criminal underwold is dropping bitcoin for another cryptocurrency .....And I used to respect them.

Do they fight CBs gold rigging?...or cryptos competition?

GATA used to complain about biased and negative press on gold, right?

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Jan 2, 2018 - 10:42am

A recent thought about bitcoin

It was all hype to draw in the millennal investors and everyone else sitting at the bar giving investment advice. Once it crashes they all will say should've bought gold and silver at least we can hold it. Paving the way for an epic run in the price of physical G &S

Jan 2, 2018 - 10:37am

Happy Effing New Year

Looks like the gremlins are up early and messing with anything that might want to freedom to move. shrek If I was Sprott I'd take this as a conspiracy against my interests. The Eurocrats create a problem than create a bigger one than existed before just trying to fix it.

Bit Coin sure as heck has a huge target painted on its back. The small coin mintages might survive the onslaught. My concern is a spreading plague of government intervention and regulation that goes to BTC, hammers it, then moves to other cryptos and hammers them.

The assaults against these currencies is couched, like gold and silver, as a mode of exchange used by tewwowists and tax cheats. An attack on crypto owners is an attack on all of us. Dammit, I hate it when government tries to take out competitors to the above 'crimes' and just makes things worse. Next thing you know they'll be going after the shiny; not that they haven't tried many times

'Kill cash' is the watch word. This isn't like the Battle of the Bulge, Dunkirk, D Day or any other battle we've read of. It's assymetrical and fought by an enemy that is as lethal and ruthless as anything in the world.

It means to bring us to heel and put us under the boot. It does so by relentlessly taking some of the few things we have that are actually private and discrete. I'd dive in Bit coin for that reason alone but prefer to fight on my own terms with gold and silver. If Alex Jones and QAnon's podcast last night is accurate, the battles are being pressed against the enemy by Trump and others. The bad guys may actually be on the run. But like make battles and wars where the enemy is on his heels and running, the rear guard action is intended to destroy everything left behind, taking no prisoners and destroying evidence in their wake.

Silvers10guy I was writing this while you posted your. It seems we are on the same page. Jones said 'this is it; game on'

Buckle up

Carry on

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Key Economic Events Week of 5/18

5/18 2:00 ET Goon Bostic speech
5/19 8:30 ET Housing starts
5/19 10:00 ET CGP and Mnuchin US Senate
5/20 10:00 ET Goon Bullard speech
5/20 2:00 ET April FOMC minutes
5/21 8:30 ET Philly Fed
5/21 9:45 ET Markit flash PMIs for May
5/21 10:00 ET Goon Williams speech
5/21 1:00 ET Goon Chlamydia speech
5/21 2:30 ET Chief Goon Powell speech

Key Economic Events Week of 5/11

5/11 12:00 ET Goon Bostic speech
5/11 12:30 ET Goon Evans speech
5/12 8:30 ET CPI
5/12 9:00 ET Goon Kashnkari speech
5/12 10:00 ET Goon Quarles speech
5/12 10:00 ET Goon Harker speech
5/12 5:00 ET Goon Mester speech
5/13 8:30 ET PPI
5/13 9:00 ET Chief Goon Powell speech
5/14 8:30 ET Initial jobless claims and import prices
5/14 1:00 ET Another Goon Kashnkari speech
5/14 6:00 ET Goon Kaplan speech
5/15 8:30 ET Retail Sales and Empire State index
5/15 9:15 ET Cap Ute and Ind Prod
5/15 10:00 ET Business Inventories

Key Economic Events Week of 5/4

5/4 10:00 ET Factory Orders
5/5 8:30 ET US Trade Deficit
5/5 9:45 ET Markit Service PMI
5/5 10:00 ET ISM Sevrice PMI
5/6 8:15 ET ADP jobs report
5/7 8:30 ET Productivity
5/8 8:30 ET BLSBS
5/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 4/27

4/28 8:30 ET Advance trade in goods
4/28 9:00 ET Case-Shiller home prices
4/29 8:30 ET Q1 GDP first guess
4/29 2:00 ET FOMC Fedlines
4/29 2:30 ET CGP presser
4/30 8:30 ET Pers Inc and Cons Spend
4/30 9:45 ET Chicago PMI
5/1 9:45 ET Markit Manu PMI
5/1 10:00 ET ISM Manu PMI

Key Economic Events Week of 4/20

4/20 8:30 ET Chicago Fed
4/21 10:00 ET Existing home sales
4/23 8:30 ET Weekly jobless claims
4/23 9:45 ET Markit flash PMIs
4/24 8:30 ET Durable Goods

Key Economic Events Week of 4/6

4/8 2:00 ET March FOMC minutes
4/9 8:30 ET Producer Price Index
4/10 8:30 ET Consumer Price Index

Key Economic Events Week of 3/30

3/31 9:45 ET Chicago PMI
4/1 8:15 ET ADP Employment
4/1 9:45 ET Markit manu PMI
4/1 10:00 ET ISM manu PMI
4/2 10:00 ET Factory Orders
4/3 8:30 ET BLSBS
4/3 9:45 ET Market service PMI
4/3 10:00 ET ISM service PMI

Key Economic Events Week of 3/23

3/24 9:45 ET Markit flash PMIs
3/25 8:30 ET Durable Goods
3/26 8:30 ET Weekly jobless claims
3/27 8:30 ET Personal Inc and Spending

Key Economic Events Week of 3/9

(as if these actually matter)
3/11 8:30 ET CPI
3/12 8:30 ET weekly jobless claims
3/12 8:30 ET PPI
3/13 8:30 ET Import Price Index

Key Economic Events Week of 3/2

3/2 9:45 ET Markit Manu PMI
3/2 10:00 ET ISM Manu PMI
3/2 10:00 ET Construction Spending
3/4 8:15 ET ADP employment
3/4 9:45 ET Markit Service PMI
3/4 10:00 ET ISM Services PMI
3/5 8:30 ET Productivity & Unit Labor Costs
3/5 10:00 ET Factory Orders
3/6 8:30 ET BLSBS
3/6 10:00 ET Wholesale Inventories

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