Discussing De-Dollarization with Da Jackass

153

A perceived acceleration toward the end of US dollar hegemony has been a hot topic here at TFMR this week. Thus, we thought it should be the primary topic for our holiday weekend Jim Willie discussion, too.

There's no easy way to summarize this conversation with bullet points. Instead, just notice that we began the call by discussing de-dollarization and then just let it flow from there.

I think you'll find this interesting and informative. Thanks again to The Jackass for so freely sharing his time with us!

TF

  153 Comments

Harley
Aug 31, 2018 - 5:29pm

1st

 Gold! smiley
Now time for me to listen, I've been looking forward to this one!

RickshawETF
Aug 31, 2018 - 5:31pm

Silver!

Nothing like The Jackass to take the sting out of the week . . . !

Just bought me some sterling silver on eBay -- surfin' for bargains!

Enjoy the long weekend -- Go Ducks!

AGXIIK
Aug 31, 2018 - 5:49pm

Fresh Jackass, some adult beverages and maybe a bit of red meat

This should be good. Third place works for me

Marchas45
Aug 31, 2018 - 5:59pm

Well Lets Try For 4th

Keep Stacking

2nd One. Lol

Wizdum
Aug 31, 2018 - 7:07pm

ODD

@ 12:37 seconds the recording goes wonky
when jim is talking about rico/omnibus...

OOOBuck
Aug 31, 2018 - 8:08pm

Renminbi and dollars

Just watch.... if the trade war heats up between China and the USA, China will restrict the amount of US treasuries ($) they'll accept in trade for Chinese goods. Over a certain amount, purchases will need to be in Renminbi sourced from the world market, which means we (US distributors) will be trading $ to buy Renminbi from everywhere except China.

I know I'm repeating myself here but really, who's listening? I think we'll see it and see it soon.

ps. What would you trade for a US$ in that kind of scenario? Hyper-inflation may still be possible. ooo

Wizdum
Aug 31, 2018 - 8:35pm

Just plain old Skype audio

Just plain old Skype audio issues.

garth
Aug 31, 2018 - 8:41pm

Elephant in the room

Well now that we know Canary isn't SS121 (haha), maybe it's a good time to deal with the elephant in the room - GoldenTurtle. I've been thinking someone else would mention it - Don't you all remember a year or two ago when GoldenTurtle was here and said lots of interesting (crazy) things and none of us took him seriously? And remember what he was most excited about? Yes - the Yuan to Gold chart!

Just thought he deserves an honourable mention. If you're still here GoldenTurtle, je me souviens!

Markedtofuture
Aug 31, 2018 - 9:37pm

Bitcoin Black Updated Info

Once coins are given to 1 million people the free coin airdrop is over. 

Bitcoin will eventually be replaced by a black symbol Bitcoin?

Q & A Bitcoin Black...

Several folks have asked when the free coins will be sent. 

1. Do you have a ball park date?

2. How long will it take to get a wallet up?

Thanks,

Answer - 

Late September for Beta testers.

Airdrop can stretch out until late October.

Android and ios applications projected November.

Ball park dates. But confidant it will be like this.

Question - That's interesting, their roadmap said the free distribution would happen before the ICO.

Answer... Airdrop to 1 million people and then ICO begins.

ICO funds will go directly to community based foundations and teams.

Pre sale and ICO are different.

DISTRIBUTION IS THE MOST IMPORTANT PART OF A CURRENCY.

90-99.9% of all the Bitcoin is owned by 1% of all the users.

Bitcoin Black will get you... FAIR DISTRIBUTION. MANIPULATION PROOF. FEE FREE. INSTANT. 

Anyone who signs up for the coin airdrop will receive 3600 Free coins guaranteed ($36 value).

Bitcoin Black free coin sign up...scroll to page bottom, enter email, check I am not a robot and select submit ... https://bitcoin.black/#a_aid=5b7f2d29ef46a

Site will acknowledge you are registered for airdrop.

Joseph Warren
Aug 31, 2018 - 9:57pm

Does Willie Still Paint the Communist Chinese. . .

as the ‘white hats’ who will save the world from the Rockefeller/Rothschild globalists ? I haven’t listened to him in some while & don’t know his current take on things. - - IMO China appears to be the ideal model of a technocratic dictatorship (monopoly of everything) that got David Rockefeller all excited. They even have a guy in charge who is ‘Ruler for Life’. And they are setting up a vast system for ranking every Chinese citizen according to ‘social credit score’. Welcome to the New World Order with China set up to take the leading role.

Will have to listen to the interview over the weekend- 

ag4me
Aug 31, 2018 - 10:13pm

Golden Turtle

If you go up to the page top, click on "comments", and enter the commenter you want to read, you can see all the old entries. Looks like the turtle's focus was on the yen/dollar. The turtle was not well named. He was more like a sparkler, burned bright and flashy but didn't last long, but he was definitely entertaining.

lakedweller2
Aug 31, 2018 - 10:27pm

How Could You Ever....?

Confuse Canary and SS121...????

boomstick garth
Aug 31, 2018 - 10:35pm

@garth

If you're still here GoldenTurtle, je me souviens!

"I am a souvenir"?

Markedtofuture
Sep 1, 2018 - 7:02am

NSA Satellites Disabled? Hope Porn-Fear Porn

NSA Satellites Disabled? Hope or Fear?
canary
Sep 1, 2018 - 9:57am

They'll get what they want one day.

Though FX is a huge market with many factors....it still may be interesting to look at commercials' bets.

USD...expended short positions (with room to go, I think)

Euro...reduced shorts.

Japanese Yen...long.

Commercial positions in FX market are favorite to us, yet not as extreme as in PMs.

https://www.barchart.com/futures/commitment-of-traders#

AGXIIK
Sep 1, 2018 - 10:13am

This was one of the better Willie podcast

Craig, thank you for keeping Jim focussed and on track to the subject at hand; the larger picture of de-dollarization. Not many interviewers can keep up with Jim's focussed stream of thinking.

 I conclude de-dollarization is inevitable, coming as a natural evolution to another currency system. 5,000 years of currency evolution makes this point clear.

 Whether that new system will prove to be superior to ours, borne after half a century of great strife and war. People who run major systems generally become conflicted and then tyrannical when they realize they control the world. Our time of tyranny is coming to an end. 

What fate befalls us as a result of the karma of our policies and kinetic actions against others will be suffered by all of us. The karmic debt exceeds the national debt by at least one order of magnitude. Jim's winding a good tale of what could and likely will come our way. Having a goodly stack of PMs simple speaks for itself as a wise policy of self preservation. I'm making the AU to AG trade later today, with little friction or disclosure. Not that it save our lives but it might smooth some bumps along the way.

Wouldn't it be great if just one of us knew which grain of sand or snow flake is the precise one that collapses the mountain.

canary
Sep 1, 2018 - 10:24am

@Lakedweller....

(I'm not SS121 ha ha)...Garth referred to his and mine last comments on "Working For The Weekend" tread...I found some humor there.

As for SS121, I only read few of his posts...as being well over my head. If everything was a fake, there'd be no reason for me to be here...would spend time walking my wee doggies and picking mushrooms instead....and perhaps finally stop losing money on miners.

NW VIEW
Sep 1, 2018 - 12:16pm

Morning thought:

"When you are a hammer, everything looks like a nail"!

Angry Chef
Sep 1, 2018 - 1:41pm

When you think you heard it all, Antifa is now protesting....

...Soros for Non Payment! Huge gathering of Antifa screaming “Where’s are money, No more Protest, No more resistance! 

https://twitter.com/Jamierodr10/status/1035686624389210112

All fake all the time.

AKA AuAgforever AIJ
Sep 1, 2018 - 2:08pm

I've been following this guy for a while....

....and he has been right on so far......

( he thinks the 8 month crypto correction is over ) ( and so do I ) 

 50m50 minutes ago

More

#BTC #Bitcoin #LTC #litecoin #XLM #stella #NEO

Ladies and gentlemen welcome to the greatest ( crypto ) bull run in history we are there now.

and wouldn't this be sweet....a massive silver and crypto bull run together...especially since I own both...

 22h22 hours ago

More

For the first time in the history of mankind, the Silver Comex Commercials (Banks) are NET LONG Comex silver futures. Chew on THAT over your 3-day weekend.

RickshawETF
Sep 1, 2018 - 2:13pm

Yeah? Well, I've been following this guy!

REALIST NEWS - World Premier of Litecoin Style (Gangnam Style Parody)

It's the weekend, kiddies -- and that means Cryptos!

It's been a rough week, and this should at least make you smile . . .

AlienEyes
Sep 1, 2018 - 2:40pm

JackAss

Except for one short one, I don't think I have ever been able to make it all the way through a single Jackass-cast.

For some reason, I just find it too excruciating.

Angry Chef
Sep 1, 2018 - 2:51pm

Train project linking North and South Korea stopped in its track

And so all the hope of an end to the War with North Korea is thrown out the window. We can now look forward to missile testing and endless rhetoric about how the crazy Norks are going to nuke California. 

https://www.theguardian.com/world/2018/aug/31/north-south-korea-train-pr...

Outback
Sep 1, 2018 - 3:10pm

Jackass Thoughts

Costa Rico has some nice beaches. I believe Jackass spends a lot of time on those beaches drinking Tequila Sunset drinks.

Then after sleeping it off, Wakes up and writes about what he DREAMS.

One has to be careful when you drink the Cactus juice, produces some Wild times. 

Angry Chef
Sep 1, 2018 - 3:25pm
Angry Chef
Sep 1, 2018 - 3:42pm

The US State Department Openly Outlined Its Plans to Guarantee..

...America’s Global Primacy

https://thesaker.is/the-us-state-department-openly-outlined-its-plans-to...

Good luck with the plan. You may want to start with getting your debt under control. Developing a productive economy ( not a consumer debt driven economy ). And bring a wasteful MIC under control.

Then maybe you can re-visit the concept of total World domination.

Just a thought...

abundance
Sep 1, 2018 - 4:09pm

a response from elsewhere to my treason post fwiw

If the MSM was interested in reporting on treasonous behavior between the Clintons and China, I think they should have started over 2 decades ago, when our highly secret missile technology was being given away to Chinese scientists. There was more than one instance of such behavior. Then, of course, the Chinese Red Army was involved in fundraising for the Clintons as well. None of this is new, so I don't expect the MSM to suddenly wake up and report this stuff. TPTB are and have obviously been behind it from the start. It has been their plan to turn China into a world power, since Bush senior went there during the Nixon administration. It is so insane that we gave favored nation trading status to China way back in 1979, and have not demanded any particular behavior on their part to keep it. Here is an old article written in May, 1997, which lists some important points:

"We will link China's trading privileges to its human rights record..." --Candidate Bill Clinton, Los Angeles World Affairs Council, 8-13-92

"I am moving, therefore, to de-link human rights from the annual extension of Most Favored Nation trading status for China." --President Bill Clinton, announcing MFN status for China, White House, 5-26-94.

...The establishment media would have us believe that it is PRC diplomatic overtures, greased by illegal campaign contributions, that explain the obvious increase in Chinese power and influence in America, but this is a red herring. Former presidential advisor, George Stephanopoulos, revealed the true origin of the Chinese Marshall plan on ABC This Week (3-16-97). He said that the Clinton administration's policies toward the PRC reflected the influence of the "Council on Foreign Relations, [international bankers] Lehman Brothers [and] Goldman Sachs"; in other words, the invisible government of the United States.

The role that China is being prepared to play in the emerging world order remains to be seen. We may be certain that the same powers that are building China up militarily and economically are gutting out America's military and economic strength. Rather than converting China to a free and open society, the U.S. is being converted into the Chinese model -- a system Beijing calls a "market economy with socialist characteristics." This is precisely what world socialism is. World socialism is being promoted worldwide by the system of international finance, and China's perfect compliance with that agenda is precisely the reason why they are a member of good standing in the world community of nations.

The current American leadership stands condemned by two fundamental principles promoted by American leaders in the past. One is the totalitarian nature of communism and its doctrine of world conquest and its inherent antagonism to traditional American freedoms and inalienable human rights. For most of this century, Americans have believed, especially during the Cold War, that communism was to be resisted where ever it was making advances in the world. Now that this "Cold War" is supposedly over, the American political elite are making bold moves to strengthen a communist regime at the cost of America's strategic and economic strength.

The second principle promoted hypocritically by the current American regime, and only to promote its own interests, is the concept of human rights. Human rights have been trampled on with impunity in China and MFN (most favored nation) for China reveals the American regime's duplicity in the cause of human rights. America's leaders choose sanctions or "constructive engagement" depending on the other nation's compliance to globalist objectives, which have nothing to do with human rights.

One day soon, Americans will wake up and realize that while they were going to work, voting, paying their taxes and coping with the cares of this life, their country was sold out from under them to a world dictatorship that cares nothing about their happiness or wellbeing. It will then be too late to address the treasonous acts of American politicians who sold the country for their own profit.

https://www.apfn.org/THEWINDS/1997/05/favored_china.ht

silver10sguy
Sep 1, 2018 - 5:02pm

Crypto 7 Day Charts

I wonder if September is going to bring some sort of historical event. I am hoping for a BIG move in gold, silver, and crypto. On the 7 day charts I did a quick check of the top 50 crypto currencies just minutes ago. 30 out of the top 50 are up more than 10%. Dogecoin is up around 150% in a week! For those of you that like Ethereum it looks like Dogecoin and Ethereum are going to team up with some projects.

The other day I was thrilled to see the historical events taking place within the COT report! The commercials are going long!!! Wow!

Ronnie 666
Sep 1, 2018 - 5:34pm

IMF back SA land grab

https://www.rt.com/business/437348-imf-supports-ramaphosa-land-reform/

According to RT the IMF think a land grab is great. Theft is now legal. Just keep buying PGM’s especially the downtrodden Pt. It’s time is coming....

AGXIIK
Sep 1, 2018 - 6:35pm

The only thing missing from JSNIP's parody RickshawETF is

Clif High in a bustier and manthong tripping on shrooms to Bix and the Ant Men tunes, live at the Apollo.

BTW I made the AU to AG exchange The trade netted me a GTSR of 81 to 1. That is as close to friction free as it gets.

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