Looking Ahead with The Jackass

148

It's another three-day US market holiday weekend so The Golden Jackass, Jim Willie, stopped by on Friday to discuss the present situation and look forward to what promises to be a volatile and unpredictable summer.

The primary topic that I asked Jim to address was the US dollar. However and as you might imagine, this took us down several different paths and it led to an interesting discussion. Among the topics covered:

  • the declining use of the US$ in global trade
  • the foundations being laid for a dollar alternative system
  • Turkish gold repatriation
  • DeutscheBank
  • the Italian Banks and the EU banking sector
  • and quite a bit more

These podcasts always prompt plenty of fresh thought and conversation so I look forward to seeing your feedback in the comments section. Thanks again to Jim for his willingness to share his insights with TFMR on such a regular basis.

TF

  148 Comments

Wingy
May 26, 2018 - 8:48am

Gold!

Gold with the Jackass!

AgAuMan
May 26, 2018 - 9:02am

silver

silver

indiana rod
May 26, 2018 - 9:17am

There's Hope For A Summit Meet Yet

Congress has taken it upon themselves to insure that the Summit meeting takes place.

They propose moving the site to Hong Kong in July to coincide with the International Ping Pong Tournament, a big event among Asia nations.

To celebrate the event they propose having every church on the island ring their Church bells.

It's called the Hong Kong, Ping Pong, Ding Dong Bell Bill.

mavens
May 26, 2018 - 9:22am

LMFAO

The opening intro music was quite the curve ball...

pabste
May 26, 2018 - 9:28am
Thomas More
May 26, 2018 - 9:29am

Frank

Nice change to the music!

Stevediva
May 26, 2018 - 11:22am

Jim Willie

I love's Jim's insight...

However is it just me or after 10 minutes of any JW recording does anyone else have to shut it off?

joeblack
May 26, 2018 - 11:38am

Jim Willie

has a voice for silent movies

AKA AuAgforever AIJ
May 26, 2018 - 11:48am

Jim Willie

I'm just searching for his next crypto recommendation ( such as Antshares / NEO )

  • He mentioned it at $ 0.87 / Now trading at $ 54.00.
    • ( why do you think I dumped my PM stocks? )
  • This is what the PM stocks USED to do. ( before the big clamp down )
    • Bought Seabridge Gold at $ 0.10 in 1998 / Sold it at $7.00 in 2006 I think?
      • while it eventually went to $30+ ( should have waited obviously )
  • I say stay nimble and adapt to the environment and don't waste time arguing about what the environment SHOULD be doing.
billhilly
May 26, 2018 - 12:29pm

THE MAGIC BANK ACCOUNT

THE AUTHOR IS NOT KNOWN. IT WAS FOUND IN THE BILLFOLD OF COACH PAUL BEAR BRYANT, ALABAMA, AFTER HE DIED IN 1982.

Imagine that you had won the following *PRIZE* in a contest:

Each morning your bank would deposit $86,400 in your private account for your use. However, this prize has Rules:

The set of Rules:

1. Everything that you didn't spend during each day would be taken away from you.

2. You may not simply transfer money into some other account.

3. You may only spend It.

4. Each morning upon awakening, the bank opens your account with another $86,400 for that day.

5. The bank can end the game without warning; at any time, it can say, "Game Over!" It can close the account, and you will not receive a new one.

What would you personally do?

You would buy anything and everything you wanted right? Not only for yourself, but for all the people you love and care for. Even for people you don't know, because you couldn't possibly spend it all on yourself - right?

You would try to spend every penny, and use it all, because you knew it would be replenished in the morning, right?

ACTUALLY, THIS GAME IS REAL!

Shocked ??? Yes!!!

Each of us is already a winner of this *PRIZE*. We just can't seem to see it.

The PRIZE is “TIME"

1. Each morning we awaken to receive 86,400 seconds as a gift of life.

2. And when we go to sleep at night, any remaining time is not credited to us.

3. What we haven't used up that day is forever lost.

4. Yesterday is forever gone.

5. Each morning the account is refilled, but the bank can dissolve your account at any time WITHOUT WARNING...

So, what will YOU do with your 86,400 seconds?

Those seconds are worth so much more than the same amount in dollars. Think about it and remember to enjoy every second of your life, because time races by so much quicker than you think.

So take care of yourself, be happy, love deeply and enjoy life!

Here's wishing you a wonderful and beautiful day.

Start spending....

Key Economic Events Week of 1/13

1/14 8:30 ET CPI
1/14 9:00 ET Goon Williams
1/15 8:30 ET PPI and Empire Fed
1/16 8:30 ET Retail Sales and Philly Fed
1/17 8:30 ET Housing Starts
1/17 9:15 Et Cap Ute and Ind Prod

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Key Economic Events Week of 1/13

1/14 8:30 ET CPI
1/14 9:00 ET Goon Williams
1/15 8:30 ET PPI and Empire Fed
1/16 8:30 ET Retail Sales and Philly Fed
1/17 8:30 ET Housing Starts
1/17 9:15 Et Cap Ute and Ind Prod

Key Economic Events Week of 1/6

1/7 8:30 ET US trade deficit
1/7 10:00 ET ISM Services PMI
1/7 10:00 ET Factory Orders
1/8 8:15 ET ADP employment
1/9 8:00 ET Goon Chlamydia speech
1/9 1:20 ET Goon Evans 2:00 ET Goon Bullard
1/10 8:30 ET BLSBS
1/10 10:00 ET Wholesale Inventories

Key Economic Events Week of 12/16

12/16 8:30 ET Empire State Manu Idx
12/16 9:45 ET Markit flash PMIs Dec
12/17 8:30 ET Housing Starts and Bldg Perms
12/17 9:15 ET Cap Ute and Ind Prod
12/19 8:30 ET Philly Fed
12/20 8:30 ET Final guess Q3 GDP
12/20 10:00 ET Pers Inc and Spending
12/20 10:00 ET Core Inflation

Key Economic Events Week of 12/9

12/10 8:30 ET Productivity and Unit Labor Costs
12/11 8:30 ET CPI
12/11 2:00 pm ET FOMC fedlines
12/11 2:30 pm ET CGP presser
12/12 8:30 ET PPI
12/13 8:30 ET Retail Sales
12/13 10:00 ET Business Inventories
12/13 11:00 ET Goon Williams speech

Key Economic Events Week of 12/2

12/2 9:45 ET Markit Manu PMI
12/2 10:00 ET ISM Manu PMI
12/2 10:00 ET Construction Spending
12/4 9:45 ET Markit Services PMI
12/4 10:00 ET ISM Services PMI
12/5 8:30 ET Trade Deficit
12/5 10:00 ET Factory Orders
12/6 8:30 ET BLSBS
12/6 10:00 ET Wholesale Inventories

Key Economic Events Week of 11/25

11/25 8:30 ET Chicago Fed Nat'l Idx
11/25 7:00 pm ET CGP speech
11/26 8:30 ET Advance Trade
11/26 9:00 ET Case-Shiller home prices
11/26 10:00 ET New home sales
11/26 10:00 ET Consumer Confidence
11/27 8:30 ET Q3 GDP 2nd guess
11/27 8:30 ET Durable Goods
11/27 9:45 ET Chicago PMI
11/27 10:00 ET Pers Inc & Cons Spndg
11/27 10:00 ET Core inflation
11/27 2:00 pm ET Beige Book

Key Economic Events Week of 11/18

11/19 8:30 ET Housing Starts & Bldg Perms
11/20 2:00 ET October FOMC minutes
11/21 8:30 ET Philly Fed
11/21 10:00 ET Existing Home Sales
11/22 9:45 ET Markit November Flash PMIs

Key Economic Events Week of 11/11

11/12 Three Fed Goon speeches
11/13 8:30 ET CPI
11/13 11:00 ET CGP on Capitol Hill
11/14 8:30 ET PPI
11/14 Four Fed Goon speeches
11/14 10:00 ET CGP on Capitol Hill
11/15 8:30 ET Retail Sales
11/15 8:30 ET Empire State Manu Index
11/15 9:15 ET Cap Ute and Ind Prod
11/15 10:00 ET Business Inventories

Key Economic Events Week of 11/4

11/4 10:00 ET Factory Orders
11/5 9:45 ET Markit Services PMI
11/5 10:00 ET ISM Services PMI
11/6 8:30 ET Productivity & Labor Costs
11/6 Speeches by Goons Williams, Harker and Evans
11/8 10:00 ET Consumer Sentiment
11/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 10/28

10/30 8:30 ET Q3 GDP first guess
10/30 2:00 ET FOMC fedlines
10/30 2:30 ET CGP presser
10/31 8:30 ET Personal Income & Spending
10/31 8:30 ET Core Inflation
10/31 9:45 ET Chicago PMI
11/1 8:30 ET BLSBS
11/1 9:45 ET Markit Manu PMI
1/1 10:00 ET ISM Manu PMI

Forum Discussion

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by tonym9, 10 hours 16 min ago
randomness