Sponsored by

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

  Refresh
phil882
Sep 1, 2019 - 3:05pm

Streber

I highly respect your intellect. I agree that the FED has basically declared war on President Trump who I think is trying to actually fix some things. What I can't get my head around is his support of lower interest rates along with the cabal, unless he realizes that without lower interest rates he can not forestall an equity collapse. It is such a mess that I would appreciate any clarification you might care to give from the European perspective. Thanks.

billhilly
Sep 1, 2019 - 2:25pm

Sunday smile...

Brand New Hat

A Brand New Hat: 48 sec

streber
Sep 1, 2019 - 2:12pm

My Friend, Pat Ruckert, with Weekly Summation

The G7 nations engaged in a three-ring circus of obfuscation, while demonstrating a convincing display of their institutional policy bankruptcy, at their August 24-26 summit in Biarritz, France, where they sidestepped discussion of the real issues facing humanity, by avoiding any discussion of the single, defining matter before mankind: The irreversible bankruptcy of the entire London-run trans-Atlantic financial system.

While the circus was underway in Biarritz, the real agenda was presented quietly, without much fanfare or publicity, in Jackson Hole, Wyoming, on August 22-24. There, at the annual meeting convened by the Kansas City Federal Reserve, a gang of central bankers and other financial swindlers called for a "regime change in monetary policy", in a desperate attempt to keep their empire intact.
As described by the Schiller Institute President Helga Zepp-LaRouche, "The real story is that the Jackson Hole meeting declared a coup, what they themselves call a 'regime change in monetary policy'. They are openly demanding the issuance, by Central Banks, of 'helicopter money,' which would basically eliminate the last aspects of national sovereignty of governments, by giving the authority to the central banks to directly pump fiat money both into official state, but also private channels⁠—and naturally, this is also supposed to all finance the Green Deal."

DeGraives
Sep 1, 2019 - 1:59pm

Jim Willie's Plight

Costa Rica is Central America, one of the most violent and corrupt regions in the world. At best visit south of the Rio Grande but never buy property and plan to live there.

DeaconBenjamin
Sep 1, 2019 - 1:55pm

1.9 million Mohammendans ruled not Indian citizens

Who are the 19 lakh (1.9 million) excluded from Assam NRC, and what next for them?

On Saturday, the final list of Assam’s National Register of Citizens (NRC) excluded names of over 19 lakh applicants. A total of 3.30 crore applicants had applied to be included in the NRC. Who are the applicants who were not included in the NRC, and where do they go from here?

Why is it called an “updated” NRC?

Witness to decades of migration from Bangladesh — formerly East Bengal and then East Pakistan — Assam already has an NRC, which was published in 1951 on the basis of that year’s Census. The only state with such a document, Assam is currently updating it to identify its citizens.

The update, mandated and monitored by the Supreme Court, is a fallout of the Assam Accord of 1985, which sets March 24, 1971 as the cutoff date for citizenship. Those who entered Assam before that date are recognised as citizens.

But was there not an updated NRC last year itself?

That was a draft, published in July 2018. In that list, 2.89 crore residents were included as Indian citizens, while 40 lakh were left out. After that, those who were left out were allowed to file claims for inclusion. Meanwhile, citizens had the option of filing objections against anyone who they felt was wrongly included. Earlier this year, NRC authorities put out an additional exclusion list, with 1 lakh individuals, who had originally been included in the NRC draft but were later found eligible. Saturday’s NRC is the result of all those included an excluded.

Does this mean that the 19 lakh are illegal migrants?

Not necessarily. They still have the option of appealing. They can approach, within a deadline, a Foreigners Tribunal with a certified copy of the rejection order from the NRC, along with the grounds for appeal. In addition to the 100 existing Foreigners Tribunals, 200 more will be functional soon, state government officials said. If the applicant loses their case before such a Tribunal, he or she can appeal in the High Court, and then the Supreme Court if necessary. Someone who is not only excluded from the final NRC but also loses his or her case in a Foreigners Tribunal, however, faces possible arrest, and the prospect of being sent to a detention centre.

https://indianexpress.com/article/explained/explained-assam-nrc-final-li...

Just as Myanmar drove out the Bengalis/Bangladeshis (so-called Rohingya) that had settled in its country; so Assam, the Indian state bordering Myanmar, is seeking to remove those illegally within its borders.

Gasivs Buttox
Sep 1, 2019 - 1:04pm

Bernie Sanders - the same old story

Bernie Sanders proposed a plan on Saturday to cancel $81 billion in existing past-due medical debt for Americans, but offered no details on how it would be financed.

Yes, where could he possibly find that kind of money without increasing the debt or taxes?

Let's see.... the US maintains almost 800 military bases outside of the US. Although their cost is shrouded in accounting mysteries, it's probably fair to say that America's global 'adventures' to keep America safe have cost US taxpayers trillions in the past 10 years (do you feel more safe?). That doesn't necessarily include the US navy which has as a minimum, 10 aircraft carriers, nine amphibious assault ships, 22 cruisers, 62 destroyers, 17 frigates and 72 submarines. In addition to ships, the U.S. Navy has 3,700 aircraft, making it the second largest air force in the world. At 323,000 active and 109,000 personnel, it is also the largest navy in terms of manpower.

Now, plans are in place for a "Space Force" for who knows how much and for what (nefarious) purpose.

And in case you haven't heard, we're headed back to the moon... this time to stay (rest assured, that'll include even more military bases).

So it's understandable that America can't afford universal health care, or a decent education system (currently bankrupting even many of its brightest), that continues to fall far behind other industrialized nations.

According to UNICEF, 23.1% of American children under the age of seventeen live in poverty, which makes the United States rank second out of thirty-five economically advanced countries ranked in that category. (Which one do you think ranks 1st - ps. it's not India or China)

Meanwhile, America has a growing number of billionaires (currently around 600 of them) who, it's been widely reported, pay less in taxes as a percentage of their their wealth than just about anyone remaining in America's middle class. Instead of grabbing them by the scruff of the neck and making them pay their fair share for our "national social programs" (which has been made to sound like something dirty), we elect them to high office and exalt them for their business smarts and acumen.

The Democrats and the Republicans have both worked diligently to support the obscene corptocracy that America has become and the billionaire "kings" it has created.

So, where would Bernie find the money? Gee, thank goodness that America has an electoral system that works in a fair and democratic fashion. I'm sure they'll find an answer.

phil882TF Metals Admin
Sep 1, 2019 - 10:47am

wow

That is a feature I had no idea existed !

Alex777
Sep 1, 2019 - 10:40am

Jim Willie

I can emphasize with Jim, this sort of thing is common in 3rd world corrupt jurisdictions. Personally, I nearly suffered a bad situation a few years back. I had bought a property for which I paid cash. Unfortunately, I was not totally focused as I was having to spend a lot of time back in the UK taking care of mother who was terminally ill with cancer. As a result, I was unable to finalize the transfer and the developer signed over all the deeds stating that I could deal with the transfer in my own time. Upon returning from the UK I received a legal post from a Lawyer stating that my property that I had paid cash for was to be put up for Auction to settle an unpaid debt between the developer and a 3rd party represented by the lawyer, this was possible because technically the property was still on the developers books.

Happily, I managed to resolve the issue but it did cause a lot of sleepless nights at the time.

The bottom line is that that you must be ultra-careful doing business in such places

Orange
Sep 1, 2019 - 9:30am
NijleAngryCitizen
Sep 1, 2019 - 7:46am

This was the recent one

This was the recent one

🔴Ep. 209-A SILVER Roundtable!

Subscribe or login to read all comments.

Become member and subscribe to Turd's Vault

Contribute

Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 4/19

4/22 8:30 ET Initial jobless claims
4/22 10:00 ET Existing home sales
4/22 10:00 ET LEI
4/23 9:45 ET April flash PMIs
4/23 10:00 ET New home sales

Recent Comments

by murphy, 2 min 17 sec ago
by metallionnaire, 7 min 39 sec ago
by Stevediva, 17 min 18 sec ago
by november4, 20 min 57 sec ago
by Marcus, 24 min 9 sec ago

Forum Discussion

randomness