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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

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Angry Chef
Sep 2, 2019 - 4:39pm

Hong Kong Rioters Wage Sabotage Campaign To Press Congress...

...Into Punishing China

Wasn't it former CIA head William Colby that said that..." When the American people believe everything that's a lie to be true and what's true to be a lie. Then we'll have achieved out goal ( or something to that affect ".

Remember that when you read the link. If you read the link...

"Tianamen was, as we now know, a CIA led color revolution attempt, set up within a background of general protests, in which the U.S. regime change mastermind Gene Sharp was directly involved. The mostly falsely reported incident, during which soldiers were lynched and protesters gunned down, led to 'western' sanctions against China ".

https://www.moonofalabama.org/2019/09/hong-kong-rioters-wage-sabotage-ca...

Leo Tolstoy:

" History would be something extraordinary. If only it were true "

BenithoGasivs Buttox
Sep 2, 2019 - 3:26pm

I had (and have...)

...hit excellent jackpots with their specific gold miner recommendations; at least half a dozen were already bought out.

Atlantic Gold, Liberty Gold, Pretium and of course, St. Andrew and Newmarket, which yielded a boatload of Kirkland Lake.

Gasivs Buttox
Sep 2, 2019 - 3:09pm

I don't like this

I just received this in my junk mail from Casey Research

"The Silver and Gold Rallies Are Just Getting Started"

Makes me itchy and wanna scratch all over. These guys NEVER get anything right

Maybe, just this once, it's a irrefutable, universal truth that even these numb skulls have clued into.

DeaconBenjamin
Sep 2, 2019 - 3:01pm

China's factory activity shrinks for 4th month as trade woes dee

Factory activity in China shrank in August for the fourth month in a row as the United States ramped up trade pressure and domestic demand remained sluggish, pointing to a further slowdown in the world's second-largest economy.

The Purchasing Managers' Index (PMI) fell to 49.5 in August, China's National Bureau of Statistics said on Saturday, versus 49.7 in July, below the 50-point mark that separates growth from contraction on a monthly basis.

Export orders fell for the 15th straight month in August, although at a slower pace, with the sub-index picking up to 47.2 from July's 46.9.

Total new orders - from home and abroad - also continued to fall, indicating domestic demand remains soft, despite a flurry of growth-boosting measures over the past year.

"Frontloading of exports to the U.S. ahead of higher tariffs supported trade and overall activity growth, but this effect will likely fade in the next few months," said analysts at Goldman Sachs in a note.

https://japantoday.com/category/business/update-2-china's-factory-activity-shrinks-for-4th-month-as-trade-woes-deepen

Gasivs ButtoxAGXIIK
Sep 2, 2019 - 2:48pm

Auto Insurance discount

Ya, they save $200 by monitoring your onboard driving and rebate you 30 bucks while violating your privacy and demanding everything short of your bending over and pulling down your Fruit of the Looms.

I'm sorry but I really hate insurance companies (and that includes yours Warren).

DeaconBenjamin
Sep 2, 2019 - 2:31pm

Insurance app

They offer to have you install an app on your smart phone that keeps track of everything you do while driving.

State Farm does too.

Angry Chef
Sep 2, 2019 - 2:28pm

Labor Day Inspiration

Labor Day Inspiration
DeaconBenjamin
Sep 2, 2019 - 2:04pm

Xinhua warns 'end is coming' for Hong Kong protesters

TOKYO -- China issued a stern warning to Hong Kong protesters as well as the West on Sunday, reiterating that it will not tolerate any attempt to undermine Chinese sovereignty over the city. "The end is coming for those attempting to disrupt Hong Kong and antagonize China," stated a commentary piece published by the state's Xinhua News Agency.

The warning came as thousands of people blocked roads and public transport links to Hong Kong's airport. The demonstrations, which started in response to a proposed bill that would have allowed extradition to the mainland, have morphed into a broader rejection of Beijing's growing control over the semiautonomous city.

The commentary said three lines must not be crossed: no one should harm Chinese sovereignty, challenge the power of the central authorities or use Hong Kong to infiltrate and undermine the mainland.

"Anyone who dares to infringe upon these bottom lines and interfere in or damage the 'one country, two systems' principle will face nothing but failure," the piece declared. "They should never misjudge the determination and ability of the central government... to safeguard the nation's sovereignty, security and core interests.

https://asia.nikkei.com/Spotlight/Hong-Kong-protests/Xinhua-warns-end-is...

DeaconBenjamin
Sep 2, 2019 - 2:01pm

Hong Kong leader says she would 'quit' if she could

HONG KONG (Reuters) - Embattled Hong Kong leader Carrie Lam said she has caused “unforgivable havoc” by igniting the political crisis engulfing the city and would quit if she had a choice, according to an audio recording of remarks she made last week to a group of businesspeople.

At the closed-door meeting, Lam told the group that she now has “very limited” room to resolve the crisis because the unrest has become a national security and sovereignty issue for China amid rising tensions with the United States.

“If I have a choice,” she said, speaking in English, “the first thing is to quit, having made a deep apology.”

Lam suggested that Beijing had not yet reached a turning point. She said Beijing had not imposed any deadline for ending the crisis ahead of National Day celebrations scheduled for October 1. And she said China had “absolutely no plan” to deploy People’s Liberation Army troops on Hong Kong streets. World leaders have been closely watching whether China will send in the military to quell the protests, as it did a generation ago in the bloody Tiananmen crackdown in Beijing.

Lam noted, however, that she had few options once an issue had been elevated “to a national level,” a reference to the leadership in Beijing, “to a sort of sovereignty and security level, let alone in the midst of this sort of unprecedented tension between the two big economies in the world.”

https://www.reuters.com/article/us-hongkong-protests-carrielam-specialre...

Angry Chef
Sep 2, 2019 - 12:27pm

A Little Levity...

... Or How Fake News Operates in this day and Age.

Dave Chappelle on the Jussie Smollett Incident | Netflix Is A Joke

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