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Thursday Conversation - David Jensen


There are two important things that I needed to discuss with David Jensen. One, the ongoing dollar shortage and liquidity crisis. Two, the new all-time highs in palladium. Fortunately, he was happy to join me for this podcast and you should be sure to give it a listen.

On Twitter (@RealDavidJensen), David has been warning everyone for months that The Fed's contraction of the money supply was going to lead to some serious liquidity issues...and here we are. As David explains in a discussion punctuated with the three charts below, this is a problem that will only get worse in the weeks and months ahead.

And we conclude with a discussion of palladium as it breaks out to new all-time highs. Earlier this year, we described palladium as a possible "magic bullet" for exposing The Banks' fractional reserve and digital derivative pricing scheme. Could palladium follow rhodium ever higher and lead to a supply shortage and run on The Banks? We'll see....

Thanks for listening and thanks to David for sharing his expertise with us.



Sep 26, 2019 - 7:13pm

Eric sprott

Has Eric commented on AXU?

Sep 26, 2019 - 7:16pm


Who says the Fed has any intentions in saving the economy? The Fed serves the Fed, and they are very smart evidenced by starting from nearly nothing to being the largest owner of real estate in the U.S. Who is to say the Fed isn’t ready to crash the system now by cutting back on the credit? It’s just going to take a tap on the brakes to cause the horrific crash which is inevitable anyway. They understand the exponential math which says the massive credit expansion over the past 40+ years has to bust, and bust soon. It seems like it would be grand time for the Fed to do it. They have a single easy scapegoat in Trump while they can step aside into oblivion without the masses knowing what really happened. What a neat trick, and clean escape.

Thomas Jefferson said .........

"I believe that banking institutions are more dangerous to our liberties than standing armies........ If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around(these banks) will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."

"The issuing power of currency shall be taken from the banks and restored to the people, to whom it properly belongs."

I personally think people should should have a fair amount of cash available to potentially buy a huge dip. Also, the mining industry is heavily dependent on credit. The smaller company are certainly at much higher risk with this in mind.

Anyone who feels highly confident of their view of the future is a fool. Diversify!!!!!!!!! Don’t ever forget some of the brightest people have died poor because of greed......Sir Isacc Newton for one who got in late on the tulip bulb bubble (I am clearly not saying PMs are a bubble). I'm simply saying that a credit crash will likely hurt all equities including severe damage to the miners, and probably physical silver. Physical gold will likely do well no matter what.

Sep 26, 2019 - 7:19pm

Trade talks

Hey great news guys, trade talks are back on the table. Oh I mean they are off the table. No, nope they are now on again. I mean off. And now we are back to on. Scrach that, they are backing off. Oh boy, oh boy, guess what? Try and guess? Trade talks....they are on again. Isnt that great!!! Oh sorry...news just came that they are now off.

Annnnnd we are back....to "fill in the blank".

Seriously....the most crazy thing is that people still pay attention to this BS. But than again people believe in man made clima change, that gun control will keep you safe and that fetus/baby is part of woman's body.

Sep 26, 2019 - 7:25pm

Next Recession/Depression

David Jensen’s presentation shows the Fed determines when to crash our economy and their “tightening” starts a couple years before the crunch. The current result of their tightening should hit before the next Presidential election with the obvious plan to keep Trump from being re elected.

Considering we now all can read that our Fed is subservient to the FSA, a Controlling part of the Bank of International Settlement, we must be crazy.

We have trusted our Congress to defend our country and keep us free—-stupid us.

Sep 26, 2019 - 7:32pm

Stock flow ratios

I would also like to hear if anyone has an answer to your question Dre.

Sep 26, 2019 - 8:03pm

David Jensen

Fantastic interview. Glad you found Mr. Jensen and brought his very, very clear and understandable work to us! Will be following him now, and hope he will become the TFMR go to guy as the credit bubble "dam" shows more and more cracks..

Joseph Warren
Sep 26, 2019 - 8:41pm

Brilliant Interview

Thanks for having him on TFMR. I signed up to follow him on Twitter (though I generally avoid that site). I hope you have him back sometime again.

Sep 26, 2019 - 8:42pm

Ronald Bernard ~ Fmr. Dutch Banker (ITNJ Seating)

Ronald Bernard ~ Fmr. Dutch Banker (ITNJ Seating)
Sep 26, 2019 - 8:44pm

Stock to Flow ratio

I highly recommend reading "The Bitcoin Standard" by Saifedean Ammous. In it he explains what is "hard money" (and eventually makes the claim that Bitcoin is the hardest, even more than gold). this from page 5: "The relative difficulty of producing new monetary units determines the hardness of money: money whose supply is hard to increase is known as hard money, while easy money is money whose supply os amenable to large increases."

He then goes on to discuss stock and flow. "Stock" is the existing supply, everything that has been produced minus everything that has been destroyed or consumed. "Flow" is the extra production that will be made in the next time period. The ratio is is a reliable indicator of a good's hardness as money.

Almost all of the gold ever mined is still above ground so its "stock" is very high relative to annual "flow" from the mines. this is not true for other metals. For example Silver is also an industrial metal and most (75%) of it is consumed every year. Only 25% of Silver is available for investment (according to Eric Sprott).

Hope this helps a little... But the book is great, although be ready to read a college level economics text!

Joseph WarrenMontross515
Sep 26, 2019 - 8:46pm

Re: Next Recession/Depression

It’s the perfect bankster weapon, isn’t it ? Like a slow acting toxin. Inject into the victim a few years in advance. When it does eventually kill, use the bought off media to blame something/someone else on the immediate scene - such as Trump’s trade wars or a shooting war somewhere.

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Key Economic Events Week of 11/18

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Key Economic Events Week of 11/11

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Key Economic Events Week of 11/4

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Key Economic Events Week of 10/14

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10/17 8:30 ET Housing Starts and Bldg Perms
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10/2 8:15 ET ADP jobs report
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Key Economic Events Week of 9/23

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Key Economic Events Week of 9/16

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