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Thursday Conversation - Willem Middelkoop

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Our old friend Willem Middelkoop is a commodity fund manager, geo-political analyst and best-selling author. With all that's going on in the world, we were definitely overdue for this conversation.

As with all Thursday Conversations, I asked Will to focus on three primary topics:

  • The US$ liquidity issues and the impact of the surging US debt
  • De-dollarization and the likelihood of a new "Plaza Accord" and/or gold revaluation
  • The historic undervaluation of precious metals and commodities and how a shift in global asset allocation would impact his fund and its investments

But be sure to listen to the entire podcast as we close with a discussion of Hong Kong, the great potential of silver and a mention of the Maine Potato scandals of the 1970s. http://www.newenglandhistoricalsociety.com/the-great-maine-potato-war-th...

Please be sure to check out the site for Willem's fund and, while you're there, you can download a free copy of "The Big Reset", his terrific book that was originally published in 2014. Willem is also a great follow on Twitter.

Thanks for listening!

TF

  51 Comments

dryamvonburpenstein
Oct 10, 2019 - 4:28pm

Trump

Trump is simply a tool for the elites to play their game. It's all theater not unlike professional wrestling. The main goals are distraction and ultimately to have one entity to blame the popping of the everything bubble on. That way the Fed can have a clean getaway. The shitshow progresses every day with new allegations against Trump, more & more distracting ridiculous tweets from Trump ranging from the trade war to irrelevant social issues, etc. What is he actually doing or accomplishing with his presidency? (Hint: rhymes with mothing).

Try reading some of Brandon Smith's stuff. More often than not the simplest explanation which ties multiple different things together is the correct answer (Occams razor). I have not heard another explanation of the daily shitshow that is beyond crazy when viewed simply at a face value perspective.

I suspect the craziness will ramp up further until John Q. Public is completely convinced Trump is either crazy, corrupt, incompetent, or a mixture of the three. Additionally, TPTB want to have just a little bit more of ownership by Trump for the failing economy and the failing trade war. Trump will then be discarded and all the blame will go his way. What a neat trick on the populace.

imfd
Oct 10, 2019 - 4:45pm

Trump, is this time different?

VonBurpenstein, I enjoyed that, I think we are living in different times and I would keep an open mind on all things like that.

Anyway, as to Trump, he did not just wake up and say to himself "I think I`ll run for President", and he didn`t win without a figural and perhaps literal "army" behind him, whether his backers are patriots or just the other "mafia" mob, I do not know, but perhaps time will tell. The internet changed a lot of things and in this case, it educated a lot of people about money, the Fed and the fact that it is a private bank. That cannot be unlearned and I see no reason why the Fed would not cease to exist at some point, and why should that point not be quite soon. Someone linked the Trump press conference where he talks about his hardest job as President, writing letters to soldiers families. Have a look and see what he was saying just before he talked about the letters, he talked about the "military Industrial" complex and how a lot of people get very rich from war. I think there are 2 reasons why he might bring that up, one being that he disagrees with it or two, he might be looking for a "magic bullet", I doubt number two to be honest,imho.

goldcom
Oct 10, 2019 - 4:53pm

Did I miss something while I was gone

I was gone to Cape Flattery and ShiShi Beach at the very north and western most tip of Washington State from Oct. 6th to 9th on a remote Indian Reservation. Amazing scenery if you have never seen it and the weather was great most of the time.

I did just watch a day old video of Silver Doctor's Half Dollar and Mike discussing China taking part in the Comex and how that may play into weaker markets for CDG and CDS. Sorry if anyone posted this already and what is with KL reporting fine earnings yet being smashed back 3.19% today?

China Joins COMEX Paper Gold Cartel, "If You Can't Beat 'Em, Join 'Em"!

Now to watch Willem

Joseph Warrenvonburpenstein
Oct 10, 2019 - 5:43pm

‘saviors’

Maybe I’ve grown to be a cynic, but there are few/no instances when rulers truly did what was primarily for and in the people’s interest. (A case might be made for some, but not all, of the American founding generation. Even that’s up for debate.) Rulers do talk a good game to get the population’s support for their own grab for personal wealth & power.

Joseph Warren
Oct 10, 2019 - 5:49pm

Excellent interview

I like when people with knowledge, experience, evidence, & sound judgment are interviewed by Craig. Unfortunately, too much of the PM sector is filled with empty cheerleading (much of that by people coming from a retail coin shop background, it seems.)

I hope Willem is interviewed on a regular basis.

MoonShivJoseph Warren
Oct 10, 2019 - 5:49pm

re: 'saviors'

The truly "good" rulers end up like Gaddafi....

dryamJoseph Warren
Oct 10, 2019 - 5:53pm

Rules for rulers

If one has never seen this video, it is a must see. 18 minutes long.

https://youtu.be/rStL7niR7gs

BTW, again I think Trump is just a puppet for the real rulers.

Joseph WarrenMoonShiv
Oct 10, 2019 - 6:11pm

Re: ‘saviors’

I know of only one Savior. He definitely wasn’t a banker. However, He said did much about them (the money changers).

MoonShivJoseph Warren
Oct 10, 2019 - 6:27pm

Tru dat

Our best President: Brother Andrew J.

Oct 10, 2019 - 6:39pm

I'm going to leave this here...

...and this thread will likely suffer the consequences.

However, I've tried (as politely as possible) to raise the issue that impeachment might NOT be doomed to failure in the Senate. By mentioning it on X22 this week, I was called "unpatriotic" and a "fool" who can't be believed in anything because I'm so clearly wrong about Trump who has been "sent to us by God". (Whatever. The comments on any YouTube thread are regularly the most moronic on the internet.)

My job is to look at things as objectively as possible and then attempt to discern the course of future events using my hard-earned experience and accumulated "wisdom". To that end, it is NOT impossible to consider that 20 or so R-republocrats would turn on him and vote to convict and impeach in the Senate. Trump has enemies in BOTH sides of the Republocrat party and those folks can be easily convinced to kick him out if the political winds shift that direction.

This article sums up my point and it contains the conclusion below: https://fivethirtyeight.com/features/it-took-a-long-time-for-republicans...

Again I implore you. Please do not fall into the same old A/B argument of "Trump is awesome" vs "Trump is a dope". Instead, I simply ask you to always look at politics as agnostically as possible so that entrenched ideology does not leave you blinded to possible outcomes.

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