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

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happycamper515
Sep 4, 2018 - 3:44am

Smasharoo again

So who is dumping the POS PMs? Is it the commercials? Is it the large specs? There is no rhyme or reason to this shit anymore.

abundance
Sep 4, 2018 - 12:18am

364 arrests

CHICAGO — Federal officers with U.S. Immigration and Customs Enforcement’s (ICE) Enforcement and Removal Operations (ERO) arrested 364 criminal aliens and immigration violators in six Midwest states during a 30-day enforcement action, which ended Friday. During this operation, ERO deportation officers made arrests in the following states: Illinois (134), Indiana (52), Kansas (43), Kentucky (60), Missouri (42) and Wisconsin (33). Of the 364 arrested, 187 had criminal convictions. Eighteen women and 346 men were arrested. Aliens arrested during this operation are from the following 25 countries: Belarus (1), Bosnia-Herzegovina (1), Burma (1), Colombia (1), Czech Republic (2), Dominican Republic (1), Ecuador (2), El Salvador (2), Germany (1), Guatemala (54), Guinea (1), Haiti (1), Honduras (40), India (6), Jordan (1), Lithuania (1), Mexico (236), Moldova (1), Nicaragua (1), Nigeria (3), Peru (2), Poland (1), Romania (1), Saudi Arabia (1) and Ukraine (2). More than half of the aliens arrested by ERO deportation officers during this operation had prior criminal histories that included convictions for the following crimes: assault, attempted murder, burglary, child neglect, child sexual exploitation, domestic violence, driving under the influence, drug possession, drug trafficking, fraud, hit and run, identity theft, illegal re-entry after deportation, indecent liberty with a minor, money laundering, obstructing justice, obstructing police, perjury prostitution, rape, sexual assault, theft, trespassing, and weapon offenses. Seventy-one of those arrested were immigration fugitives; 97 others illegally re-entered the United States after having been previously deported, which is a felony. Depending on an alien’s criminality, an alien who re-enters the United States after having been previously deported commits a felony punishable by up to 20 years in federal prison, if convicted. Following are criminal summaries of six offenders arrested in the ICE Chicago area of responsibility during this operation: July 24: ICE arrested a 46-year-old Mexican man in Wood Dale, Illinois. He is a convicted felon for attempted murder. He remains in ICE custody pending his removal. July 26: ICE arrested a 27-year-old Honduran man in Independence, Missouri. Earlier this year, he was convicted of domestic assault. He also is a convicted burglar. He remains in ICE custody pending removal proceedings. July 27, ICE arrested a 37-year-old Mexican man in Bardstown, Kentucky. He is a convicted felon for rape and was previously removed; he later illegally re-entered the U.S. July 30: ICE arrested a 25-year-old man from India in Champaign, Illinois. He was convicted of criminal sexual abuse on July 30. He remains in ICE custody pending his removal. Aug. 6: ICE arrested a 25-year-old Honduran man in Indianapolis. He is a convicted felon for rape. He remains in ICE custody pending his removal. Aug. 15: ICE arrested an 18-year-old Honduran man in Indianapolis. He is wanted in Louisiana for child rape charges. He remains in ICE custody pending his extradition to Louisiana. Aug. 22: ICE arrested a 26-year-old Guatemalan man in Shelbyville, Kentucky. He was arrested earlier this month for distributing child pornography. He remains in ICE custody pending his removal. The Chicago area of responsibility includes the six states of Indiana, Illinois, Kansas, Kentucky, Missouri and Wisconsin. “This operation targeted criminal aliens, public safety threats, and individuals who have violated our nation’s immigration laws,” said Ricardo Wong, field office director for ICE ERO Chicago. “Operations like this reflect the vital work our ERO officers do every day to protect our communities, uphold public safety and protect the integrity of our immigration laws.

lakedweller2
Sep 3, 2018 - 11:51pm

Hurling

Tell that to dead minorities shot in the back.

AKA AuAgforever AIJTexas Sandman
Sep 3, 2018 - 11:24pm

RE: Bitcoin Control

"the crypto markets were free until... drumroll please... they started trading bitcoin futures."

Texas Sandman, That doesn't explain why Bitcoin dropped from $ 1,200 to $ 200 in 2014 and all the other 50-80% corrections Bitcoin has had BEFORE the Bitcoin futures were created............and that still doesn't explain why Rob Kirby suddenly stopped taking about the sector......and finally, if the PM's and Bitcoin are now is the same boat why is gold and silver trading below their prices last year and Bitcoin is up over 150% from this same time period Sept 2017 ?

Ben Stackin
Sep 3, 2018 - 10:59pm

wanna hurl?

Virtue signaling corporate America at it's finest. Eat shit and die Nike!!

https://bleacherreport.com/articles/2793994-colin-kaepernick-named-face-...

and a ringing endorsement by the "death to America" lobby....

abundance
Sep 3, 2018 - 10:40pm

Mark Leivin..just started listening..boy,mueller et al can

lie all they want

Video unavailable

suggest listening to first 20 min...woke me up what NY is going to attempt

AlienEyes
Sep 3, 2018 - 10:24pm

RE : wanna hurl?

I saw it on Yoohoo.

I hurled.

Texas Sandman
Sep 3, 2018 - 9:42pm

@AKA

the crypto markets were free until... drumroll please... they started trading bitcoin futures. What happened then? Bitcoin cratered from $20K to $6K which is right around where it languishes today. That outcome should have been very unsurprising to anybody watching the gold and silver markets these days. TPTB decided bitcoin needed to be taken down so they made a mechanism for creating unlimited paper supply. What a surprise (sarc).

Now bitcoin and PMs are in the same boat.

imfd
Sep 3, 2018 - 9:12pm

The Dollar, The Ounce and the Bitcoin

It seems that the dollar will suffer, at some point, from inflation or deflation. Uncontrolled inflation will, at some point, have it rise to the stratosphere, there to burst in spectacular fashion as Jim Willie suggests, and deflation will have it do the opposite, come crashing down, again in spectacular fashion, burying itself in the history books of economic knowledge. I do not see Gold or Silver changing too much from being a store of value, no more than I can see a change in the law of gravity being a store of weight . But Turdville, do listen, crypto currencies have a part to play, it is still very early days and a small investment in Bitcoin or similar is just as reasonable asa stake in First Majestic or so many other miners.

AKA AuAgforever AIJ
Sep 3, 2018 - 8:16pm

Rob Kirby

Funny how Rob Kirby used to explain how the Crypto market is the only free market left....and how that market had the potential to free the gold and silver manipulation.

He never mentions it any more.

He must have gotten the call from the old gold boys, " Rob, come on man, shut up about crypto, you're killing us"

The old gold guys never saw the crypto market coming because they were getting paid not to see it.....by writing their newsletters and selling subscriptions and not seeing the 2013 smash as a heavy handed control strategy that was employed to control the price of AG and AG until the "break" manifests.....

As irritating as ss121 was, he was right ( to some degree ) about the fake charts.

Unfortunately, in a digital world, thinking that gold and silver will return as money is unrealistic....when the manipulation ends, gold and especially silver will become extremely valuable wealth preservation assets far exceeding their value if they were to become money again.

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