Discussing De-Dollarization with Da Jackass


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!



Sep 3, 2018 - 8:10pm

TFMR is incredible

It truly is about TEOTGKE. What a different place this country would be if all Americans read the diverse information posted here from many, many different sources. There would be some eyes opened. We don't know all of the answers, or even all of the questions, but we are light-years ahead of the general public. If you are not familiar with Shelley's sonnet Ozymandias you might do well to read it and see why I picked it as my chosen name here at TFMR.


Well, the weekend is almost over so it is back to metals. (Had to stack a little more this weekend.)

Just my7.425 grains worth.

Sep 3, 2018 - 7:27pm


For lawn equipment never run the ethanol garbage in small engines with tiny carbs. Ethanol free in my area is .75 cents more per gallon but well worth it and stabilizer for the winter. We use it in the last few tanks of the season in my wife’s V-rod and my cow of a bike with six carbs which I dread to have anything go bad with.

Sep 3, 2018 - 7:21pm


Who knows what price gold may reach in a reset? My gold is not for sale. Although, if gold goes to $10,000 an ounce, I could wear one AGE on a chain around my neck, fly to Caracas, trade it for 70 septillion bolivars, and live like a king! -- Naaah.

My silver is a different matter. I have plans for my silver, such as buying income-producing assets, a nice farm, and living comfortably -- even if it's in Chile! Trying to take [a sizeable quantity of] silver with me might prove logistically "difficult" . . .

My dabbling in cryptos serves two purposes:

A diversion from the current criminality [in PMs].

A hedge against a future that may turn out to be very much different than any of us can [at this time] envision . . .

Sep 3, 2018 - 6:40pm

RIckshawETF There's a 24,857% divergence between gold prices

Jim Sinclair and Holter opine that gold could become worth $174,000 an ounce at the time of the reset.

Dent says $700 but I dont recall him mentioning a reset

Rogers said $900 an ounce. He worked for Soros and Soros has been a very large fan of gold.

The opinion based spread is 248X

What becomes of the Litecoin/Bitcoin spread might be moot too.

Opinions are like belly buttons. Everyone has an opinion about about PMs and cryptos

My gas storage is four 5 gallons sets 2 sets of military metal jerry cans with air tight seals. Bought on line over the years from Sportsmansguide.com Around $26 each, they're so durable I have them in my will. As far as cleaning out any gunk, if it's smaller than a field mouse I don't bother. My gas line filter will take care of it.

Just kidding.

Rotating each set of 4 cans once a month gives me fresh gas bought at discount through grocery store credits. We burn around 30 gallons a month but fill the tank plus the four 5 gallon cans. Smith's Supermarket offers the gas discounts BTW

Sep 3, 2018 - 6:37pm
Sep 3, 2018 - 6:36pm

Stupid Amounts of Money Seeking Physical Gold and Silver...

I'm really only posting this because I love the title so much! Plus I'm sure most have already seen this.

Macroeconomic analyst Rob Kirby is a broker of physical precious metals by the ton for wealthy clients, and he says people are quietly panicking.

Kirby explains, “If you look at a duck moving across the water, it looks very graceful. But if you take a picture of what’s going on underneath the waterline, you see the duck paddling seriously.

In the precious metals space, what we see above the waterline is the reckless suppression of physical precious metals, but what’s really going on beneath the waterline is mega, mega money is on a ‘seek and acquire’ mission to secure physical precious metals in amounts that would stagger most people.

There will come a point where physical precious metals will be hard, if not impossible, to find in exchange for fiat currency.

The amount of money seeking physical precious metals would alarm a lot of people. You are talking stupid amounts of money.”


Sep 3, 2018 - 6:04pm

Thank You All....I hated to throw them away if they

were useable and I was very uncertain..been thinking about this since

Jan...perfect...and best part I can do it ..I don't need someone else to do it.

Thank you all!

boomer sooner
Sep 3, 2018 - 6:01pm

Ditto 000Buck

Rinse and fill. I put a plastic or wax paper wrap (non degradeable) under the screw on top if storing for extended period.

About the longest I store fuel is one year, primarily diesel. I rotate this between 55 gal drums and my pickup. Gas is finicky and is more problematic than its worth with today's additives. Only gas I store is for emergency use over the winter (10-20 gallons max), burn it up come spring.

Sep 3, 2018 - 5:58pm

Dust in gas containers

You need to get that dust/dirt out of the container. Not knowing just how bad the dust is in the bottom I'll say if not much, put some soap in the container with water a third full or so and shake and swish around, then rinse thoroughly with water. Vent upside down and let dry.

If gunked up badly on the bottom and can opening is small wrap a cloth on end of broom handle and wash with soap while rubbing with cloth until residue can be rinsed well water only. Turn upside down with ventilation and let dry.

The gas rinse is good if you can get rid of the gas, light a fire with it or whatever.

Sep 3, 2018 - 5:44pm

Do not use really old gasoline for anything

beyond washing and rinsing machine parts. Your generators/vehicles are much too expensive to risk on a couple bucks worth of old gas.

However, as you pointed out, these containers were empty and perfectly good to reuse. Just rinse them out with a half gallon of gasoline.... shake, shake, shake... and dispose of the half gallon, making certain that any visible garbage has now been rinsed out. After that, you're good to go.

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Key Economic Events Week of 10/26

10/27 8:30 ET Durable Goods
10/27 10:00 ET Case-Shiller home prices
10/27 10:00 ET Consumer Confidence
10/27 10:00 ET Richmond Fed
10/28 8:30 ET Advance Trade in Goods
10/28 8:30 ET Wholesale Inventories
10/29 8:00 ET ECB monetary policy stmt
10/29 8:30 ET Q3 GDP first guess
10/30 8:30 ET Personal Income and Spending
10/30 8:30 ET Core Inflation
10/30 10:00 ET UMich Consmer Sentiment

Key Economic Events Week of 10/19

10/19 11:45 ET Goon Chlamydia
10/20 8:30 ET Housing Starts
10/20 1:00 pm ET Goon Evans
10/21 10:00 ET Goon Mester
10/21 2:00 pm ET Fed Beige Book
10/22 8:30 ET Initial Jobless Claims
10/23 9:45 ET Markit Oct flash PMIs

Key Economic Events Week of 10/12

10/13 8:30 ET CPI and Core CPI
10/14 8:30 ET PPI
10/14 9:00 ET Goon Chlamydia
10/15 8:30 ET Philly Fed
10/15 8:30 ET Empire State Idx
10/15 8:30 ET Import Price Idx
10/16 8:30 ET Retail Sales
10/16 9:15 ET Cap Ute & Ind Prod
10/16 10:00 ET Business Inv

Key Economic Events Week of 10/5

10/5 9:45 ET Markit Svc PMI
10/5 10:00 ET ISM Svc PMI
10/5 10:45 ET Goon Evans
10/6 8:30 ET Trade Deficit
10/6 10:00 ET JOLTS job openings
10/6 10:45 ET Chief Goon Powell
10/7 2:00 ET Sept FOMC minutes
10/7 3:00 ET Goon Williams
10/8 8:30 ET Initial jobless claims
10/9 10:00 ET Wholesale Inventories
10/9 12:10 ET Goon Rosengren

Key Economic Events Week of 9/28

9/29 8:30 ET Advance trade in goods
9/29 9:00 ET Case-Shiller home prices
9/29 10:00 ET Consumer Confidence
9/30 8:15 ET ADP employment report
9/30 9:45 ET Chicago PMI
10/1 8:30 ET Personal Income and Spending
10/1 8:30 ET Core Inflation
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/2 8:30 ET BLSBS
10/2 10:00 ET Factory Orders

Key Economic Events Week of 9/21

9/21 8:00 ET Goon Kaplan
9/21 10:00 ET Goon Evans
9/21 Noon ET Goon Brainard
9/21 6:00 pm ET Goon Williams & Goon Bostic
9/22 10:30 ET Chief Goon Powell on Capitol Hill
9/22 Noon ET Goon Barkin
9/22 3:00 pm ET Goon Bostic again
9/23 9:00 ET Goon Mester
9/23 9:45 ET Markit flash PMIs for September
9/23 10:00 ET Chief Goon Powell on Capitol Hill
9/23 11:00 ET Goon Evans again
9/23 Noon ET Goon Rosengren
9/24 1:00 pm ET Goon Bostic #3
9/24 2:00 pm ET Goon Quarles
9/24 10:00 ET Chief Goon Powell on Capitol Hill
9/24 Noon ET Goon Bullard
9/24 1:00 pm ET Goon Barkin again & Goon Evans #3
9/24 2:00 pm ET Goon Bostic #4
9/25 8:30 ET Durable Goods
9/25 11:00 ET Goon Evans #4
9/25 3:00 pm ET Goon Williams again

Key Economic Events Week of 9/14

9/15 8:30 ET Empire State and Import Price Idx
9/15 9:15 ET Cap Ute and Ind Prod
9/16 8:30 ET Retail Sales
9/16 10:00 ET Business Inventories
9/16 2:00 ET FOMC Fedlines
9/16 2:30 ET Powell Presser
9/17 8:30 ET Philly Fed
9/18 8:30 ET Current Acct Deficit

Key Economic Events Week of 9/7

9/9 10:00 ET JOLTS job openings
9/10 8:30 ET Initial jobless claims
9/10 8:30 ET PPI
9/10 10:00 ET Wholesale Inventories
9/11 8:30 ET CPI
9/11 9:45 ET Core CPI

Key Economic Events Week of 8/31

9/1 9:45 ET Markit Manu Index
9/1 10:00 ET ISM Manu Index
9/1 10:00 ET Construction Spending
9/2 8:15 ET ADP employment
9/2 10:00 ET Goon Williams
9/2 10:00 ET Factory Orders
9/3 8:30 ET Initial jobless claims
9/3 8:30 ET Trade Deficit
9/3 12:30 ET Goon Evans
9/4 8:30 ET BLSBS

Key Economic Events Week of 8/24

8/24 8:30 ET Chicago Fed Idx
8/25 10:00 ET Consumer Confidence
8/26 8:30 ET Durable Goods
8/27 8:30 ET Q2 GDP 2nd guess
8/27 9:10 ET Chief Goon Powell Jackson Hole
8/28 8:30 ET Pers Inc and Consumer Spend
8/28 8:30 ET Core Inflation
8/28 9:45 ET Chicago PMI

Forum Discussion

by FrankMUQAQ, 2 hours 35 min ago
by HappyNow, 11 hours 15 min ago
by 11IMIX, Oct 28, 2020 - 8:49pm