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Our old pal Jim Willie, The Golden Jackass, stops by today for his annual year-in-review and look ahead. If you can find some time over the holiday, you should be sure to have a listen.

As usual, Jim is full of valuable information. Over the course of this podcast, just a few of the topics discussed are:

  • the ongoing REPO/QE crisis
  • central bank and media tricks and semantics
  • the growing alliances against the US$
  • how gold will be central to the next monetary system
  • the US treasury bond as the new global contagion
  • and, as you might imagine, a whole lot more

Thanks again to Jim for his time and willingness to share his insights with all of us at TFMR. It is going to be a volatile and unpredictable 2020. Listen to this podcast and begin to mentally prepare for what's ahead.



Jan 1, 2020 - 8:56pm

The costs of the bailouts?

The costs of the bailouts? Other than the realization that free market capitalism is nothing more than a pipe dream and that corporate fascism is alive and well, there is no real cost.

Bailouts = keeping the same people in power and controlling the resources. Think of it this way, rich people don't embrace free markets and competition. The Elite like sure things, not free markets. Global corporations don't spend tens of billions of dollars lobbying in DC everyday because they want competition. They don't make regulations because they embrace real free markets.

Do you know when The Elite like free markets? When it comes to the peasants competing for labor and resources!!!!

So bailouts don't even make the news anymore, it's just a normal part of life today. This repo operation is just another bailout and it will pass, and then the next problem will be papered over and life will go on. My advice- get used to it and don't worry about it.

Jan 1, 2020 - 8:47pm

CDS $18 cap

New year, same cap. LOL.

Jan 1, 2020 - 8:47pm

"Too bad we cannot afford

"Too bad we cannot afford promises"

That's total nonsense spewed by The Elite, of course the US can afford SS and Medicare For All. How do most Western nations afford it?? Yes, if you tax the very rich and the corporations a little more, it's affordable.

Did you ever ask yourself WHY The Elite never question how the Reagan tax cuts were affordable? What about the recent military budget of $738 billion? What about the trillions in overseas wars? What about the Federal Reserve buying $4.5 trillion worth of assets? How about the largest corporate tax cut in US history, HOW WAS THAT AFFORDABLE???

Yet, when it comes to basic social services for the peasants that work the entire system, there isn't enough money anymore!!! Don't buy into their propaganda, it's always affordable. But guess what? The Elite want negative interest rates and that means there can be no growth or inflation. Guess what curbs it? Cutting the money that actually flows into the general economy.

I can assure everyone, when they cut the social benefits. They're not cutting military spending or reversing the massive tax cuts for The Elite. Oh no, it's going to be cuts that affect the real economy and demand by the peasants.

Here's a dirty little secret, the only reason why the US runs a deficit isn't because we can't afford the spending, it's because The Elite would rather own T-Bonds than writing a check to Uncle Sam. In other words, The Elite aren't taxed enough so they just buy the debt with the difference.

The gold bulls have had it wrong about the deficits for a very long time, the money is always there, the rich just don't want to pay the taxes. Ask yourself this question, what difference does it make if you tax the rich or issue the debt that they buy? It's still the same money and it isn't needed for "stimulus", that's complete BS.

Jan 1, 2020 - 8:18pm

Jim Willie ...

... A shadow of his former self ...

Jan 1, 2020 - 8:16pm


Speaking with 20/20 vision, that probably has more than a 20% percent chance of happening in the next 20 months.

Jan 1, 2020 - 7:49pm


I predict we see $2020 gold and $20 silver on 02202020? or maybe not?

Angry Chef
Jan 1, 2020 - 7:25pm
Jan 1, 2020 - 7:08pm

Jim Willie

I always thought he was bizarre dude, "the voice told me" and all these friends here and there with great expertise, yet he gravels for money because he is broke because he called out some pedophiles.

He sounds like a huckster to me. Just be he believes in gold does give him integrity. Turd I think you cheapen your sight when you bring him out. He is two standard deviations below your other guest as far as value, insight and integrity. He really doesn't deserve your audience.

Angry Chef
Jan 1, 2020 - 6:52pm

Russia and the USA both finish the year with a “Grand Finale”...


Some good and interesting insights here.

"Remember how after Putin’s famous speech, the so-called “Russia specialists” declared that all these weapons did not exist, that they were all just computer animations?

Well, now probably the most exotic and “incredible” weapon mentioned by Putin (the Avangard) is fully operational and on combat duty. The Russians went so far as to show that weapon to US inspectors. Still, there remains a tiny minority which do not believe the “Russian hype”, despite an unambiguous report by the GAO which clearly states that “There are no existing counter-measures” against hypersonic weapons, and who will only admit the existence of these weapon systems if they get vaporized by them. But what do these Russian weapons (especially the Mach 10+ Kinzhal and the Mach 27+ Avangard) mean for the rest of us " ?


Jan 1, 2020 - 6:46pm

Cutting deficit

On Medicare and social security, there are already provisions to cut respective spending by 27% when the trusts exhaust their assets. Try telling people and their employers who paid into the trusts for 40 years that.

have the progressives stopped discussing medicare for all? Including illegal immigrants? These people are nuts.

ya can.t squeeze 10 pounds of crap into a 2 pound sack.

i have not brought this up recently, but by using artificialy low inflation since around 1992, the us govt has capped social security.the average is about 18k a year and if inflation calculated properly would be about 70k.

that folks is a lot of money for just about anybody. Too bad we cannot afford promises and will fix things unevenly.civil unrest will start when some people get freebies and others lose what they paid in, well its already been lost, just dealing the last cards.

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Key Economic Events Week of 9/14

9/15 8:30 ET Empire State and Import Price Idx
9/15 9:15 ET Cap Ute and Ind Prod
9/16 8:30 ET Retail Sales
9/16 10:00 ET Business Inventories
9/16 2:00 ET FOMC Fedlines
9/16 2:30 ET Powell Presser
9/17 8:30 ET Philly Fed
9/18 8:30 ET Current Acct Deficit

Key Economic Events Week of 9/7

9/9 10:00 ET JOLTS job openings
9/10 8:30 ET Initial jobless claims
9/10 8:30 ET PPI
9/10 10:00 ET Wholesale Inventories
9/11 8:30 ET CPI
9/11 9:45 ET Core CPI

Key Economic Events Week of 8/31

9/1 9:45 ET Markit Manu Index
9/1 10:00 ET ISM Manu Index
9/1 10:00 ET Construction Spending
9/2 8:15 ET ADP employment
9/2 10:00 ET Goon Williams
9/2 10:00 ET Factory Orders
9/3 8:30 ET Initial jobless claims
9/3 8:30 ET Trade Deficit
9/3 12:30 ET Goon Evans
9/4 8:30 ET BLSBS

Key Economic Events Week of 8/24

8/24 8:30 ET Chicago Fed Idx
8/25 10:00 ET Consumer Confidence
8/26 8:30 ET Durable Goods
8/27 8:30 ET Q2 GDP 2nd guess
8/27 9:10 ET Chief Goon Powell Jackson Hole
8/28 8:30 ET Pers Inc and Consumer Spend
8/28 8:30 ET Core Inflation
8/28 9:45 ET Chicago PMI

Key Economic Events Week of 8/17

8/17 8:30 ET Empire State Manu Idx
8/17 Noon ET Goon Bostic
8/18 8:30 ET Housing Starts
8/19 2:00 pm ET July FOMC minutes
8/20 8:30 ET Jobless claims
8/20 8:30 ET Philly Fed
8/20 10:00 ET LEIII
8/21 9:45 ET Markit flash PMIs July

Key Economic Events Week of 8/10

8/10 10:00 ET Job openings
8/11 8:30 ET Producer Price Idx
8/12 8:30 ET Consumer Price Idx
8/13 8:30 ET Initial jobless claims
8/13 8:30 ET Import Price Idx
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Unit Labor Costs
8/14 8:30 ET Cap Ute and Ind Prod
8/14 10:00 ET Business Inventories

Key Economic Events Week of 8/3

8/3 9:45 ET Markit Manu PMI July
8/3 10:00 ET ISM Manu PMI July
8/3 10:00 ET Construction Spending
8/4 10:00 ET Factory Orders
8/5 8:15 ET ADP employment July
8/5 9:45 ET Markit Service PMI
8/5 10:00 ET ISM Service PMI
8/6 8:30 ET Initial jobless claims
8/7 8:30 ET BLSBS for July
8/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 7/27

7/27 8:30 ET Durable Goods
7/28 9:00 ET Case-Shiller home prices
7/29 8:30 ET Advance trade in goods
7/29 2:00 ET FOMC Fedlines
7/29 2:30 ET CGP presser
7/30 8:30 ET Q2 GDP first guess
7/31 8:30 ET Personal Income and Spending
7/31 8:30 ET Core inflation
7/31 9:45 ET Chicago PMI

Key Economic Events Week of 7/20

7/21 8:30 ET Chicago Fed
7/21 2:00 ET Senate vote on Judy Shelton
7/22 10:00 ET Existing home sales
7/23 8:30 ET Jobless claims
7/23 10:00 ET Leading Economic Indicators
7/24 9:45 ET Markit flash PMIs for July

Key Economic Events Week of 7/13

7/13 11:30 ET Goon Williams speech
7/13 1:00 ET Goon Kaplan speech
7/14 8:30 ET CPI for June
7/14 2:30 ET Goon Bullard speech
7/15 8:30 ET Empire State and Import Price Idx
7/15 9:15 ET Cap Ute and Ind Prod
7/16 8:30 ET Retail Sales and Philly Fed
7/16 11:00 ET Goon Williams again
7/17 8:30 ET Housing Starts and Permits

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