A holiday tradition continues here in Turdville as The Golden Jackass himself, Jim Willie, recently stopped by for a discussion of current global events.
OK, everyone, I hope you’re ready. Jim and I hadn’t talked for almost 90 days so, once he got started, it was pedal-to-the-metal. As I often do with Jim, I mainly just sat back and let him roll…of the 65 minutes, you get about 60 minutes of Jackass and 5 minutes of Turd. And we still didn’t even come close to getting everything covered! Therefore, Jim will be back right before Christmas and we promise to discuss these topics in even greater detail.
For now, though, just sit back and enjoy if you have the time.
Just imagine, a young lady waking up one morning, pouring herself a steaming cup of coffee, and stretching as she walks over to turn on her TV. As she clicks her remote, she suddenly sees a disturbing image of the U.S. President on the screen(flanked by the Secretary of the Treasury, and the Federal Reserve Chairman) making an unscheduled speech….at 7 in the morning.
She tries to change the channel, but it seems to be on most stations, even non-news stations.
“You have the choice between owning fiat currency and owning real gold. And I think right now the only thing that’s keeping gold from going ballistic is the false belief that the FED is the lone holdout in this race to the bottom, that the FED is out of the QE business and is going to be raising rates, and when people find out that is wrong and when they find out that we’re going to do more QE than Japan and Europe combined, they’ll realize they’ve jumped out of the frying pan and into the fire.” – Peter Schiff, CEO, Euro Pacific Capital
… “Greenspan ought to know how hot the fire is going to get – he lit it!”
Why is it taking so long? No, not the turkey cooking in the oven, but the collapse of the economy. Perhaps it is the smell of turkey that gets my brain thinking, as it did at our 1st thanksgiving dinner last Saturday when I wrote about canaries. Divorce is a bitch! So as we await our 2nd dinner, my fingers started typing…
When the subprime mortgage climaxed with the Lehman crash as I was learning how to trade, I was ignorant, thinking that politics still mattered, worried about how I would retire, wondering how to trade the markets, which I no longer trusted to be bullish. (Looks like I picked the wrong year to learn how to trade.) I did not understand QE as it came out and especially did not see metals as a safe haven. Once I noticed that metals prices were rising, I simply bought some to get in on the bullishness and make some fiat. The rest is history and somewhere along the way, I became persuaded that our markets were irreparable, held together with coordinated central bank intervention and would eventually collapse.
Many of you here were instrumental in my education, as well as many who no longer frequent the site.
A frustrated President Obama told pro-immigration hecklers in Chicago Tuesday to “get the facts,” and pointed out that he had circumvented the Constitution to stop illegal immigrants being deported. Obama, whose approval rating has fallen below 40 percent, close to an all time low, was responding to a heckler who interrupted his speech by shouting “You have been deporting families.”
“What you’re not paying attention to is the fact that I just took an action to change the law, so that’s point No. 1,” Obama responded.
“Point No. 2, the way the change in the law works is that we’re reprioritizing how we enforce our immigration laws generally.” he added.
As you know, the central banks of the world are fighting deflationary forces through degrading their various currencies. Nobody, it seems, can escape the damaging forces of world deleveraging and deflating. According to reports put out by the labor department and the Fed, the US economy is the lone success in a world being fragmented by deflation. As all currencies decline, the world’s investors turn to the US and its dollar as safe havens. Just as there are questions about the strength of the US economy, there are questions about the gold status of the US. According to the World Gold Council, the US possesses the greatest hoard of gold of any of the hundred nations. Furthermore, 72% of the US monetary reserves are in gold.
What should we believe? Who should we believe? It’s ridiculous that we can’t get straight answers from the government about the holdings of US gold. After all, it’s our government and it’s our gold. The great mystery — why doesn’t the President, the Fed or Congress give us the answer to the great gold mystery? I’ve heard rumors about our gold, or lack of gold, for years. How in the hell can we get the truth? An attempt to get an audit on gold was turned down by the Senate. Why doesn’t our imperial president demand an answer on the US gold position? Why is our government hiding the real story on US gold?
While you may think of wiping down countertops and mopping the floor as sufficient cleaning for your kitchen, but even greater improvements can be made. While products used to clean the kitchen can cleanse the area of bacteria and dirt, they work at the cost of chemical contamination. Taking simple steps to remove harmful products and components can help ensure you are keeping your body as clean as your kitchen surfaces. Below are 4 tips for cleaning without the toxins.
We know some foods contain contaminants. But so too do some cooking products and tools. That plastic you store your leftovers in could be leeching hormone-altering toxins into your food. Your non-stick cookware could similarly be leaving behind a lot more than flavor, it could be making you sick. Fortunately, cleaning up your kitchen doesn’t have to be difficult or expensive.
Tensions in the US are high. Hundreds of millions of people have been extorted and many have been kidnapped and beaten. People are frustrated and demanding answers, and to find them they are looking to…. authority figures?
They’ve been well-trained. But it is not with these authority figures true liberation lies. It would be better for us all, as individuals, to look deep inside ourselves and find an inner calm that runs in all living beings and recognize the true terrorists.
For now, it seems, we are not at that point, still obsessed with poking holes in each other with guns and burning and stealing other people’s stuff. Reason and calm, collected minds are needed in the US more than ever. Unfortunately, the people there have been under seige for decades and brainwashed in public indoctrination camps.
I’m always on the lookout for new, dependable emergency power gear. During a grid-down scenario, or even when I’m just working out in the field, it’s always nice to have a way to power up my electronic devices.
I own, and have tested multiple portable solar chargers over the last couple years, and I’ve become a big fan of carrying some sort of backup power in my bug out bags, and my hunting packs. While I’m not very big on relying on electronic devices during an emergency situation, I can’t deny the benefit of having a good source of emergency power when things start to get rough.
“The outstanding faults of the economic society in which we live are its failure to provide for full employment and its arbitrary and inequitable distribution of wealth and incomes…Not everyone will agree with the entirety of this statement. But what we have learnt over time is that unemployment and inequality can undermine the very achievements of the market economy, by sowing the seeds of instability.” Dominique Strauss-Kahn
Readers perhaps remember awhile back that I dismissed the allegation that IMF Director Dominique Strauss-Kahn had raped a minority hotel maid as an obvious frame-up. The American left-wing, or what little remains of it, especially the feminists, fell head over heels for the bogus rape charge. The bogus charge fit their ideology of rich white males having their way with women and minorities.
Lawmakers are considering a bill that would shut off the water spigot to the massive data center operated by the National Security Agency in Bluffdale, Utah.
The legislation, proposed by Utah lawmaker Marc Roberts, is due to go to the floor of the Utah House of Representatives early next year, but it was debated in a Public Utilities and Technology Interim Committee meeting on Wednesday. The bill, H.B. 161, directs municipalities like Bluffdale to “refuse support to any federal agency which collects electronic data within this state.”
Although I can agree with his last point, I surely can’t with the rest. From my perspective these are some weird statements. A few more quotes:
…Gold is unlike any other commodity. The only things that come close to it are Bitcoin and similar digital peer-to-peer currencies. Gold is costly to extract from the earth and to refine to a reasonable degree of purity. There is an (unknown) upper limit to the total amount that is recoverable at any cost. It is costly to store. It has no significant remaining uses as a producer good – equivalent or superior alternatives exist for all its industrial uses.
These Following recipes will help to reverse your Type 2 diabetes in 1 week, especially when these juices are combined with the Death to Diabetes plant-based Super Meal Protocol; and, you avoid eating pasta, rice, potatoes, corn, and processed foods made with flour, wheat, gluten, sugar, corn syrup, and partially hydrogenated oils (trans fats).Spinach and Celery JuiceIngredients:
3 Handfuls of spinach
2 celery stalks with leaves
1 green apple
1 cucumber (optional)Directions:
Wash and peel the carrot and green apple and remove the apple seeds. Juice the carrot and green apple together with spinach and celery.
We have been quoting Shanghai Gold Exchange (SGE) withdrawal figures as the definitive indicator of Chinese gold demand. Last year, gold researcher Koos Jansen published a series of three articles on his website – ingoldwetrust.ch – demonstrating that as far as the Chinese are concerned the country’s gold demand is equal to gold withdrawals from the SGE. For the first of these articles see Shanghai Gold Exchange Physical Delivery Equals Chinese Demand.
The SGE rules suggest that once gold is taken out of the exchange it cannot be returned to it, but more of this later as US precious metals analyst, Jeff Christian suggests this may not actually be the case.
Eric King: “It’s fascinating what just happened in France with Le Pen demanding that the French repatriate their gold held abroad and put an end to further gold sales. I say ‘fascinating’ because here is what former French leader Charles De Gaulle said in 1965:
French leader Charles De Gaulle in 1965: “The fact that many countries, accept as a principle, dollars being as good as gold, for the payment of the differences existing to their advantage in the American balance of trade. This fact, leads Americans, to get into debt and to get into debt for free at the expense of other countries. Because what the US owes them it is paid, at least in part, with dollars the are the only one allowed to emit. Considering the serious consequences a crisis would have in such a domain, we think that measures must be taken on time to avoid it. We consider necessary that international trade be established as it was the case before the great misfortunes of the world, on a indisputable monetary base, and one that does not bear the mark of any particular country. Which base? In truth, no one see, how one could really have any standard criterion other than gold!”
What the recent strength in the dollar index means:
The DXY index is not the dollar; it is a measure of the dollar’s relative strength. The principal components of the DXY index are the Euro (57.6 percent) and the Japanese Yen (13.6 percent). The balance (28.8 percent) consists of the Canadian dollar, British pound, Swedish krona, and Swiss franc. Therefore, the DXY index says absolutely nothing about the inherent virtues of the US currency. Instead, it reflects capital flight from yen- and euro-denominated assets from regions where the respective central banks have hatched well documented schemes to devalue those currencies as the antidote to economic weakness. There are many reasons why the dollar may remain strong against the core components of the DXY. However, whatever virtues others may see in the DXY’s ascendant pattern, we see the potential for monetary chaos.
Wall Street is only one of several financial roach motels in what has become a giant slum of a global economy. Notional “money” scuttles in for safety and nourishment, but may never get out alive. Tom Friedman of The New York Times really put one over on the soft-headed American public when he declared in a string of books that the global economy was a permanent installation in the human condition. What we’re seeing “out there” these days is the basic operating system of that economy trying to shake itself to pieces.
The reason it has to try so hard is that the various players in the global economy game have constructed an armature of falsehood to hold it in place — for instance the pipeline of central bank “liquidity” creation that pretends to be capital propping up markets.
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