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Holiday Jackass

106

It's a three-day US market holiday weekend. You know what that means! An update from The Golden Jackass himself, Jim Willie.

By now, you know the drill. I ask Jim to pontificate on three primary topics and Jim, of course, never disappoints. For this call, those three topics are:

  1. The renewed and ongoing bull markets for both gold and silver.
  2. Negative interest rates and the end of the debt-based monetary system.
  3. Signals from central bankers that the dollar's days as reserve currency are numbered.

As always, I urge you to check out Jim's Hat Trick Letter service. More details can be found at his website, www.golden-jackass.com.

Have a great weekend but be ready for another wild week ahead.

TF

  106 Comments

DeaconBenjamin
Aug 31, 2019 - 9:09am

Funny thing

Listening to Erik Townsend, he’s adopted Jim willies view (for lo these several years) that the dollar is going to rise until it dies.

Aug 31, 2019 - 10:10am
MetalustAur
Aug 31, 2019 - 10:11am

Silver

What a month for us silver bugs! Happy to hear more from the Jackass today.

Enjoy Your Labor Day Weekend!

AGXIIK
Aug 31, 2019 - 10:22am

Uno Dos; One Two Tres Quatro

Sam the Sham

Hey Wooly Willie Time.

Watch it now, Watch it.

Here it comes, here it comes

Watch it now, he'll get ya

Marcus
Aug 31, 2019 - 11:39am

Not bad, Sir Hemke

You kept Jim pretty much on target this time.

PS. I'm okay with "Sir", but I'll have to draw the line if it gets to "Majesty" or "Your Highness". Just saying.

Arise, Sir Loin of Beef
J Siefert
Aug 31, 2019 - 2:40pm

The (last) Financial Crisis explained in a Couple of Minutes

The Financial Crisis FINALLY Explained!
Mr. Fix
Aug 31, 2019 - 2:53pm

Patiently awaiting The Jackass....

Hi,

Haven't posted in a very long time, but I do pay attention a lot.

I started checking last night to see if The Jackass had been released yet,

And I'm very happy to find him here today.

Carry-on...

Mr. Fix

billhilly
Aug 31, 2019 - 2:56pm

The Joy of Living...

Yesterday I watched the local Barn Swallows flitting about on the air waves above me, swooping and dancing, chirping gleefully and carelessly. Suddenly, a small Hawk (Swainson"s ?) attacked the group. It was able to isolate one of the swallows and after several minutes of mid-air acrobatics caught the little one, ending it's life. The remaining group of swallows went quiet for a few moments, almost as if they were paying tribute to their fallen comrade. Yet, within minutes, they were all once again dancing and singing, enjoying their good fortune and the joy they experience in this life. It got me thinking...

Why is it that we humans, many of us anyway, grieve so heavily, and for such an extended period of time when we lose a friend/relation ? Yes, this is a rhetorical question in a way, but still, why is our grieving process often SO debilitating as to cause great suffering to us ?

These past few months I have lost an Uncle, near and dear, and recently a cousin. Both of these losses were due to Cancer. My uncle had a good long life, however my cousin, early 60's, simply wasn't feeling well, went to the hospital, was diagnosed with pneumonia, but some spots on her lungs caused further evaluation. It was soon found that she had cancer of the Lungs, Liver, Brain, and Bladder. She never left that hospital, and succumbed within a matter of weeks. A truly sad story.

Yes, I grieved; over both of these losses. Still, I do not become overly attached to the loss itself. Like the Swallows, I pay tribute, I collect my favorite memories and hold them close, I console and comfort others who are affected by the loss, commiserating so-to-speak, but then I return to the joy of living. I then ask myself, is there reason to do otherwise ?

As far as I can see, there are two possibilities; 1. Death is a brick wall. 2. Death is a doorway. I have pondered these two potentials and have come to these conclusions; if death is a brick wall, then its lights-out, end of game, period. There is nothing more. If death is a doorway, then who knows ? We all have our assessments of this potential, and one is as valid as another, but the bottom line is that there is some sort of continuation. I find myself in the "doorway" camp, and not the "brick wall" camp.

Either way though, the living of a particular being comes to an end in this known realm. Why is it then that I/we, should/could, become engrossed in the grieving process, with detriment to my/our own living process ?

These past decades I have come to believe in, and follow, the concept of "better to see them while they are alive". I therefore take the time and make the effort, to go see my friends and family in the living state. In fact, I will soon be moving away (temporarily) to go and be/live with my father during his dying phase. This could be months or years but it matters not. I offer this service to him out of love and respect. He is/was a good father and it seems the least I can do. If it were me on deaths door then he would be there wholeheartedly, on my behalf, I'm sure.

I do not look upon this as a burden though. This too is an aspect of the "joy of living". I will experience much pleasure being in his presence this remaining time; he's a wonderful guy ! I will find great enrichment by offering service and joy to him so that he will not be alone during this phase. I too can offer service to other family members by relieving them of this burden. For me, this is the true value of life; to be there for those who have need. To bring happiness, or relieve suffering, or both, is by far the greatest gift we have in this life. Indeed, is this not the essence of the "joy of living" ?

Now, go pick up that phone and call someone you love. Better yet, take the time/make the effort to go see someone who holds meaning for you. We never know...

LPMarcus
Aug 31, 2019 - 3:13pm

Arise, Sir Loin of Beef!

Marcus, thank you for that. That is one of my all-time favorite Bugs Bunny scenes. "Essence of Myrrh, Milk of Magnesia."

They don't make kids' entertainment like they used to.

AngryCitizen
Aug 31, 2019 - 3:16pm

Anyone know how to find podcast of round table discussion with

Craig, David Morgan and two others that came out this summer?

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

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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

Key Economic Events Week of 10/21

10/22 10:00 ET Existing home sales
10/24 8:30 ET Durable Goods
10/24 9:45 ET Markit flash PMIs
10/24 10:00 ET New home sales
10/25 10:00 ET Consumer Sentiment

Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

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