Sponsored by

For Auld Lang Jackass


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 - 6:35pm

Jim Willie


With all due respect to you, when a very smart man who is very well connected finds himself down on his luck and in need of money he uses his connections to get himself a good job. Maybe as an analyst or consultant. If he is as smart and well connected as he is supposed to be then it should be easy to find work that pays very well. The fact that he is asking strangers to send him money instead speaks volumes. As for the nonsense about Satanists, that has BS written all over it. The internet is full of people talking about Satanist pedophiles and some of them make stupid business deals. Does that mean Satanists are out to ruin them or perhaps they just want to blame anyone except themselves?

The old saying "if it looks like a duck and it quacks like a duck" has not stood the test of time for no reason.

That is my opinion and i will leave it at that. I just think people should be careful and look out for warning flags on the minefield that is the internet.

Happy new year!

Jan 1, 2020 - 6:04pm

If your having problems

Of the supernatural kind. Go to your local Native American Medicine Man. They can rid you of pesky problems quicker than any other group. Mr. Willie would be well done by visiting a local and getting rid of any issues. Low cost and efficient.

Jan 1, 2020 - 6:01pm

the problem with bailouts is

whats the ultimate cost?

Jan 1, 2020 - 5:57pm

Charlie and Jim

Thank you both for giving us laughter and medicine -- both good for the body and soul.

Happy New Year!

Jan 1, 2020 - 5:12pm

Happy New Year!

Let's hope 2020 starts out [for the metals] like 2011 !!!

So, last night I was watching the New Year's Eve countdown on local tv. The host was talking to his co-host about the year just about to end. His synopsis:

"It's crazy out there, and everybody knows it!"

It's always nice to end the year with a good laugh . . . !

Jan 1, 2020 - 4:53pm

More on Chinese investment

But all of this development also carries with it a very hefty price tag

China is now Africa’s biggest trade partner, with Sino-African trade topping $200 billion per year. According to McKinsey, over 10,000 Chinese-owned firms are currently operating throughout the African continent, and the value of Chinese business there since 2005 amounts to more than $2 trillion, with $300 billion in investment currently on the table. Africa has also eclipsed Asia as the largest market for China’s overseas construction contracts. To keep this momentum building, Beijing recently announced a $1 billion Belt and Road Africa infrastructure development fund and, in 2018, a whopping $60 billion African aid package, so expect Africa to continuing swaying to the east as economic ties with China become more numerous and robust.

Needless to say, the Chinese are not doing all of this out of the goodness of their hearts. African governments are going very deep into debt in order to afford all of this infrastructure, and several of them are now in way over their heads

There have already been warning signs: the $4 Addis Ababa-Djibouti Railway ended up costing Ethiopia nearly a quarter of it’s total 2016 budget, Nigeria had to renegotiate a deal with their Chinese contractor due to their failure to pay, and Kenya’s 80% Chinese-financed railway from Mombasa to Nairobi has already gone four times over budget, costing the country upwards of 6% of it’s GDP.

This is the sort of predatory lending that western powers once did so well, but now China has taken things to an entirely new level.

And once China has an African government by the throat, they can be absolutely ruthless

There have been credible reports of talks between the Zambian government and China on handing over the country’s national electricity company, ZESCO to the Chinese due to the inability of Zambia to meet its loan repayment promises. This is expected as China is already in control of the country’s broadcasting company, ZNBC. There are also fears the main airport in Lusaka could be the next target.

Obliviously, Zambia is in trouble. And for other African beneficiaries of Chinese loans, they should prepare for the same possibility in the eventuality that they aren’t able to repay China.

Basically, Zambia is in the process of becoming totally owned by China.


Jan 1, 2020 - 4:48pm

Repo Market and COT Report

I think too many are getting too excited about this repo market operation. The Fed has the legal authority to now provide unlimited money to any financial company it wants. This is basically nationalizing these companies, but still keeping them private so the very wealthy can profit from it. This doesn't weaken the system, it strengthens it.

There isn't going to be any market event that throws the system off, it will be papered over in very short order. If I had to make a guess, the Fed will start buying corporate debt this year before anything happens in that market. They're not going to wait for something to happen, those days are over.

So these aren't natural markets anymore, so the best thing is not to expect natural market reactions. Those days are over, it's time to adapt to a central bank getting involved and doing whatever it takes. The best part of this whole plan? There's no ramifications to bailing out these companies!!! So stop waiting for ramifications, it's not going to happen.

As far as the COT numbers, how MANY TIMES have we heard it's DIFFERENT this time when the bankers have a huge short position and the speculators are super long???? COUNTLESS times, yet people never learn. It's not different this time, the fundaments for higher gold prices are not there in my opinion. The bankers are not trapped, it's the speculators that have stop losses that will be trapped.


"senate democrats join gop back automatic austerity bill would gut social programs"

Yes, S2765 will automatically cut massively into all of the social programs. There isn't going to be any $2 trillion deficits, not gonna happen. The Elite will continue with deflation, there is no choice in their minds. This is coming guys and there's stopping it. It's all about currency and debt preservation. Why none of the gold "experts" mention this reality is really disappointing.

Jan 1, 2020 - 4:34pm

Jim Willie

Dr. Willie is very smart, very well connected and eccentric. Don't let it bother you. Listen, take what you need and ignore the rest.

AIJ Tahoe
Jan 1, 2020 - 4:29pm
Jan 1, 2020 - 4:18pm


Thank you for the Silver Report. Nice to hear your laugh. Give your wife 4 tablespoons of coconut oil with her morning oatmeal. It helps in some cases. Happy new year and, yes, silver is going to go up!

Subscribe or login to read all comments.

Become member and subscribe to Turd's Vault


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 5/3

5/3 9:45 ET Markit manu PMI
5/3 10:00 ET ISM manu PMI
5/3 10:00 ET Construction Spending
5/3 2:20 ET Chief Goon Powell
5/4 8:30 ET US Trade Deficit
5/4 8:30 ET Factory Orders
5/4 1:00 ET Goons Daly and Kashnkari
5/5 8:15 ET ADP jobs report
5/5 9:45 ET Markit service PMI
5/5 10:00 ET ISM service PMI
5/5 12:00 ET Goon Mester
5/6 8:30 ET Productivity and Labor Costs
5/6 10:00 ET Goon Kaplan
5/7 8:30 ET BLSBS

Recent Comments

by ancient Egyptian...ex-canary, 2 hours 36 min ago
by Stevediva, May 7, 2021 - 11:27pm
by Stevediva, May 7, 2021 - 11:23pm
by Dreej, May 7, 2021 - 11:19pm

Forum Discussion