Jim Willie Interview: Labor Day Weekend 2014
by Turd Ferguson
TF Metals Report
In a continuance of our “holiday tradition”, Jim Willie stopped by Turdville yesterday to share his thoughts on current events and where he thinks this all headed.
The Jackass was his usual self, even if a bit under the weather. In this podcast, we discuss:
- Yesterday’s announcement by Gazprom that they will begin accepting payment in rubles and yuan
- The escalation of US and EU sanctions against Russia and how they are failing/backfiring
- The growing isolation of the US as a economic superpower
- The eventual emergence of a new global currency regime
Financial writer and analyst Bix Weir says what is going on in Ferguson, Missouri,
is more than just a police action gone deadly.
Published on Aug 19, 2014
Weir says, “There is definitely discontent out there. The press covers so many things up, and the government gives us so many lies on statistics, such as unemployment, about GDP, and you name it, they lie about it. There is so much bubbling up under the surface, and I do think this is the beginning of something much bigger. . . .I see another 2008 coming right around the corner. . . . The majority of Americans are not doing well. . . .The 99% are saying something is wrong here. Something is off, and as soon as there is another hiccup with the economy, with more bank fraud, you are going to see a big uprising throughout the United States.”
So, where does Weir think we are in this downward spiral? Weir contends, “There are a hundred things right now that could tip us over a cliff. One of the big ones is the U.S. dollar. You got China, Russia, the BRICS countries are basically abandoning the U.S. dollar.
How long can they keep this Ponzi scheme of an economy game going? Bix Weir of http://RoadToRoota.com contends, “It’s almost exactly like the “Wizard of Oz” and the little man behind the curtain. He’s sitting in the basement of the U.S. Treasury and New York Fed orchestrating all these players to do what they are supposed to do. They get all the banks to rig every market to make sure the system stays together. It’s hit a point now that it’s so big and so unwieldy that they want it to crash, so we can move on to something else.” Weir goes on to say, “There are two groups that want it to crash. The bankers, because they know they are in trouble because of so many misdeeds. They want it to crash so they can say who could have helped this. The whole world crashed, it wasn’t our fault.
Then, there are people in the United States that would love the system to crash because when the system crashes and the dollar crashes, all debt goes away. All electronic debt and all mortgage debt will be wiped out because these bankers will be bankrupt.
All debt will be gone because that is the biggest problem right now. . . . If all the debt is gone, then all the electronic assets will be gone too because the debt is somebody’s asset, and it is usually the bankers that claim that. This whole system will shut down. They have been ready to go back to some sort of gold backed system. This will be the biggest thing to happen in human history.”
Join Greg Hunter as he goes One-on-One with financial writer Bix Weir of RoadToRoota.com.
Read More @ USAWatchdog.com
a photo by William Banzai7/Colonel Flick on Flickr.
Published on Aug 15, 2014
Dr. Jim joins me to discuss the turmoil in Ukraine for which Russia is being blamed. However sanctions against Russia have been toothless so far but Putin’s retaliation against Western agriculture will have major consequences for Europe and other Western countries including the US.
by Dmitry Orlov
Wednesday, August 13, 2014
There is a convoy of 280 gleaming white trucks moving through Russia toward Ukraine loaded with humanitarian aid for the populations of Donetsk and Lugansk. This isn't much, considering that well over a million people have been cut off from food, water, electricity and (soon) heat because of indiscriminate artillery bombardment by the Ukrainian military. But it's a start. But it seems like a rocky start; first, NATO's mouthpiece Rasmussen tries to characterize this humanitarian mission as a clandestine invasion. Then the Ukrainians start imposing various conditions. Let's consider these separately.
When was the last time Russia, or, for that matter, USSR, mount a clandestine invasion? If you said “Crimea,” then you need to understand that
- Russian troops have been in Crimea continuously for the past 231 years;
- they were there under an international treaty; and
- their troop levels never exceeded the levels this treaty stipulates.
If Russia wanted to invade Ukraine, it simply would. The Ukrainian troops would surrender or run away, but then what? Nobody has an answer to that question, not even the Russians. Aid—yes, invasion—no thanks. The policy of letting Ukraine “stew in its own juices until the meat falls off the bone” (as I put it back in mid-March) is working quite well, with the added bonus that the EU and the US are now at each others' throats over their self-imposed sanctions. But it will take time, and this means that the population of Novorossiya, where Donetsk and Lugansk are located, and which ended up as part of Ukraine thanks to Lenin, has to be fed and heated through the next winter. Hence the humanitarian mission, which will be, if all goes well, the first of many.
The various Ukrainian conditions have to do with something quite different than countering the threat of a clandestine invasion. First they asked that the convoy pass through Kharkov instead of rolling straight toward Donetsk, making for a big detour. Then they demanded that the goods be offloaded at the border and loaded onto Ukrainian trucks, but they couldn't come up with enough trucks. Then they demanded that the Russian trucks cary Ukrainian license plates and that each truck carry a Ukrainian representative. Next it will be something else.
You may be confused at what might be behind all of these fairly ridiculous conditions and stalling tactics, so let me explain. The Ukrainians are doing their best to figure out how they can steal the goods from the convoy. Until they can find a way to do that, nothing will move, because nothing ever moves in Ukraine until everybody gets their piece of the action. During their two-decade-plus experiment with Western-style “freedom and democracy,” by which I mean oligarchy and prostitution, Ukraine has bred a subspecies of survivors adept at answering just one question: “Where's my piece of it?”
Take Arseny Yatsenyuk, the US State Department-assigned Ukrainian Prime Minister. He recently announced that Ukraine was out of money, unable even to pay its soldiers (this, by the way, is disingenuous, because Ukraine hasn't been paying or feeding its soldiers) and that therefore he is resigning. Ukraine got a couple billion dollars from Russia as a door prize for joining Moscow's Customs Union, under President Yanukovich, who was subsequently overthrown. Where's that money? Om-nom-nom, burp! Then, after the coup, the West gave Ukraine some loan guarantees and a few additional billions. Om-nom-nom, burp! So, with nothing left to steal, Yatsenyuk announces his resignation and heads for the airport, on his way to a warm sunny place where he can squander his ill-gotten funds on hookers and blow. His CIA minders had to retrieve him from the airport and frog-march him back to his office. He is not allowed to resign. He can't live the American Dream just yet—not until some brainless stooge gets to mutter the words “mission accomplished” and the CIA operatives head home, at which point the Ukrainians go back to trying to turn tricks at the Kremlin.
With regard to the convoy, getting the cargo off-loaded and put on Ukrainian trucks would have made stealing it easy, but that couldn't happen due to lack of trucks. (Remember, Ukrainian officials have been selling off government property and pocketing the proceeds for two decades now, so that very little is now left.) Forcing the trucks to carry Ukrainian license plates is a small concession, since these probably require a bribe (nothing happens there without a bribe) but perhaps they are looking for opportunities to waylay a few of these trucks and break them up for spare parts. Getting a Ukrainian representative on board each truck is another small concession: he will need to be fed, pacified with vodka and given walking-around money. But the main problem—how to steal a substantial portion, ideally all, of the humanitarian aid going to Novorossiya—remains unsolved, and until it is solved there will be deadlock. This makes it difficult to cooperate with Ukrainian officials, who don't seem to have any trace of human values left and function on a strictly biological level, but the Russians are trying.
How does a country sink to this level of degeneracy in just a couple of decades? Recently, Prof. Savelyev, who is an expert on, among other things, human evolution, ventured to explain. Human evolution, he said in an interview, has been primarily the evolution of the brain. In the short time that Homo Sapiens Sapiens has been in existence, its brain size increased dramatically. Although it is possible to declare that intelligence is of direct survival value, there is a more reasoned explanation for the pressure to increase brain size.
Most of the size gains have been in the prefrontal cortex—a part of the brain that does not have a strictly defined function but is implicated in modulating social behavior. Indeed, people with a lobotomized prefrontal cortex go on to function more or less normally (but do sometimes exhibit a startling lack of ethical or moral sense). But a lobotomy is by no means necessary to produce individuals with stunted morals and ethics: there is a critical learning period for developing a conception of the common good, the ability to cooperate with others in absence of selfish motivations, and a morality not directly grounded in biological self-interest. A social environment such as that which has prevailed in Ukraine during its period of “independence,” during which theft and prostitution were prized above all, is not conducive to developing any of these. A case can be made that such an environment exerts the opposite evolutionary pressure: if all desirable women are prostitutes and the only economic opportunities involve theft, then biological survival requires theft. This makes a large prefrontal cortex redundant, and those who have a smaller one perhaps make more efficient criminals. The result is a population dominated by people free of any human values, who pursue strictly biological goals of resource accumulation and reproduction.
My book The Five Stages of Collapse includes an extensive case study devoted to the Ik, a small tribe of hunter-gatherers in northern Uganda, which, when they were observed by the anthropologist Colin Turnbull in the 1970s, exhibited just such a level of cultural degeneracy. They had reached the fifth stage of collapse: cultural collapse. Turnbull's prescription was to destroy them as a people by breaking up their society and resettling them. Prof. Savelyev has something eerily similar to say: human evolution advances through appalling acts of violence in which the males of culturally degenerate populations, which have lost their human values and conceptions of the common good, are destroyed outright. History is replete with examples of such exterminations (among numerous other ones), and although we may regard them with horror, others may regard them with pride. For instance, Prof. Savelyev points out, the French are still quite proud of their revolutionary invention, the guilliotine. To them it was a civilized, efficient way to neatly solve the problem—by neatly slicing off the heads that contained the faulty circuitry.
According to Savelyev, the Ukrainian flag shouldn't be a field of sunflowers under a blue sky. A sausage impaled on a fork would be much more appropriate. After all, that is what they are fighting for. There is no point in shaming them, for stealing or for lying, for shame requires one of those prefrontal cortex functions: a conscience. To them, telling the truth is a surprising new requirement, they didn't sign up for it, and they don't understand why it's necessary. All they have to do is lie well: “Donetsk is surrounded! We are about to prevail!” they tell you. Sure they are. Ask the rebels where they are going, and they will tell you matter-of-factly: “We are going all the way to Kiev.” Perhaps the French can send an aid convoy of their own, to Kiev, to coincide with the rebels' arrival. It could include a few guilliotines. In the meantime, I hope that Uncle Sam is having lots of fun playing with his Ukrainian mail order bride; after all, they have plenty in common.
– Insider email from Jim Willie
The below transcript is one I received in an email this morning from Jim Willie, editor of The Hat Trick Letter. With his permission I am sharing. I believe Jim to be one of the most relevant sources of our time. He has had a stellar track record over the last decade with his predictions. To say the least, he is in the know. DELAY, INTRIGUE, DESPERATION
comment from the Voice at end (worth reading first)
/ JW from London Paul, via Chinese source . . .
“Beijing is quietly pushing back its loose timetable to make the Yuan freely convertible, policy insiders say, as the authorities fear removing capital controls too soon could unleash damaging speculative flows that will make it harder to reshape the economy. The source in China suggested the belief now was it was years off for full convertibility.”
Everything is so difficult on implementing non-USD devices and platforms risk, complexity, unintended consequences — all big factors then East will go to more Euro-Yuan-Ruble usage and work directly toward BRICS currency wondering if Voz will respond that the March 2015 timetable for BRICS gold currency will be delayed more time for the cancer stick USD the issue comes back to the fact that the longer the Western financial insanity carries on, the longer the hyper monetary inflation carries on, the longer war is used to defend the USD, the worse the potential blowback will be, the worse the impact crater will be, both to the bank system from derivatives and to the economy from QE capital hits
the longer they hold off on implementing the USD alternative, the harder it will be to enforce change and the more risk there will be that they will all be taken down, East included. This is the achilles heel of Putin/Xi/BRICS default is a sound strategy provided they can mitigate to a sensible level the risks to their own nations
some believe that if this drags on another couple years there is a risk that the fascist bankers will prevail because BRICS will lose its appeal, and direct implementation of alternatives will be far too difficult. The Jackass disagrees the longer they wait, the more widespread the non-USD trade settlement and banking reserves will occur thus the more damage from USFed QE as well as BOE QE and EuroCB QE, the damage to their economies the forced agent is the implosion of banking system from rapidly accelerating economic decay, alongside severely ramped up QE volume with corresponding capital damage the key is capital destruction, since it acts as fuse to the existing system, forcing the bankers to vastly increase QE volume, thus creating a monetary black hole Putin will wait for Ukraine and parts of Europe to collapse, the line of fire being bankskey is Germany, which internally has begun to duke it out
..the Chinese are going to wait for the collapse of the US$.
why rush things if all is coming to you by default
Counter Culture Radio
Broadcast live out of Crescent City, CA live
at KFUG 101.1FM on August 4th
August 12, 2014
by Joseph P. Farrell
Very very rarely do I ever reference an audio file as blog source material. In fact, I cannot think off the top of my head that I have ever done so. My reasons are fairly simple for this: I get tons of emails, many of them including videos or audios, and I simply haven’t the time to listen to all of them. In fact, very few of them. It takes much less time to read an article, than to watch or listen to files.
But this one came to me from Mr. M.D., a reader here, and when I saw the header in his email, “NY Professor shares similar thoughts on (the) Ukraine crisis and Russia,” I decided to listen to it. The clip, as it turned out, was sixteen minutes of a segment from a radio show in the USA hosted by well-known talk show host Michael Savage. I do not listen to much talk radio or, for that matter, as most of you know, to much mainstream television media in the USA. For those outside the USA, it is difficult to characterize Mr. Savage along the conventional lines of “left” or “right” or “liberal” or “conservative,” because while he certainly leans to the right and is generally conservative, his voice is not the slavish insane sort of nonsense one hears coming out of the Republithug party and many of its shills in the American radio or television media. His style is direct, often caustic and satirical, sometimes offensive to this or that group or vested interest, but nevertheless independent. He thinks for himself, and is not afraid to have independent thinkers from both the left and right on his show. One may disagree with him or his guests strongly, one may question his “style” or passion or some of the wilder things that occur on his show, but in an age of watered-down flannel-mouthed spin coming from both political parties, this is perhaps a welcome relief.
With this in mind, I present the following intriguing exchange from Mr. Savage and his guest, Professor Stephen Cohen of New York University, and I do so because they, like me and so many other people, are simply mystified over the current American foreign policy vis-a-vis the Ukraine and Russia, and I thought this was an exchange readers here should listen to, as it deserves some review and commentary, and occasions my typical “high octane speculation.” Here’s the segment from Mr. Savage’s show, The Savage Nation:
Note that both Mr. Savage and Professor Cohen have both shared their mystification over the counter-intuitive nature of American policy vis-a-vis Russia and the Ukraine. Professor Cohen states right up front that the Ukraine business is destroying our national security, and both gentlemen argue, in my opinion correctly, that the USA needs Russia as a partner not a nemesis for its own national security. Both express mystification over why the USA is prodding and poking Mr. Putin. Professor Cohen moreover indicates that some people simply want to diminish Russia’s status as a Great Power if not to revoke it altogether, and points out that for Russia, this is perceived (correctly) as an existential matter over the very nature of Russia’s future.
So why am I bothering you with all this?
Because if you listen carefully to this conversation between Professor Cohen and Mr. Savage, essentially two lines of reasoning are being offered for the scenario that we have seen unfolding. The second scenario, mentioned toward the very end, is that there is no policy or agenda, and that the whole thing is being driven by essentially stupid, mindless people.
But the other scenario, mentioned in the context of a conversation about the lack of knowing just “who Obama talks to”, is more disturbing, and this is mentioned by Professor Cohen toward the very beginning of his remarks, namely, that “some faction” in Washington and Brussels is driving the scenario, and wants to incorporate the Ukraine into NATO. What emerges during much of the conversation is the fact that neither man can pin down just who Mr. Obama is “listening to,” we cannot identify whence the insanity originates. There have been clues, here and there, of course, that Zbigniew Brzezinski or other “neo-cons” or George Soros are driving the policy. But while Brzezinski and Soros may be bishops or knights or even rooks in this chessgame, they’re not the queens or kings. They may be fellow-travelers on this flower-strewn march into insanity, perhaps, but I do not intuit that they are the sources of it.
Which raises the potential for some high octane speculation, assuming the “some faction” scenario is indeed behind it all, and which may explain some things. I go back to the disturbing thing that occurred shortly after Mr. Obama took office, at the state dinner given for visiting then-Prime Minister Singh of India. You’ll recall that this dinner was “crashed” by a couple who were not on the invitation list, but who nevertheless gained entry, and this type of security lapse, in my opinion, cannot have happened except by design, and it sends a clear message: “we can call off your security at any time, remember JFK, and do as we say.” And such messages require, by the nature of the case, extensive organization(or penetration, of an organization, which also implies an organization of its own). Such messages imply “control files”, the means to gather and use them, and a hidden agenda. Once again, I suspect that Mr. Sergei Glazyev, one of President Putin’s advisers, may have been resorting to more than just hyperbole when he noted that the real Nazis were not in Kiev, but in Washington, and that the battle would have to be waged there.
The point here isn’t anything about Professor Cohen, or even Mr. Savage’s show. The point here is that Professor Cohen, whose contacts certainly exceed this author’s, and whose expertise likewise exceeds it, is just as mystified as you and I are, not only about the counter-intuitive foreign policy we’re seeing, but that he is raising the significant – and as yet unanswered – question of just who, really, is advising Mr. Obama. The point, eloquently made by Professor Cohen, is also why “the difficult questions” are not being asked by any of the five hundred and thirty-five members of Congress, as both “sides of the aisle” seem to be slavishly following the “demonize Putin” agenda.
All of these points suggest that policy is being set in places and by people that exist outside even the normal currents of back-channel influence and power-pedaling, the channels that would include such people as Zbigniew Brzezinski, George Soros, and so on.
And if you’re like me, you’ll find that profoundly disturbing.
See you on the flip side…
A Trey Smith Project
Experience a truely different story than told by the Hollywood movie Noah.
NOAH (FULL Noah Movie ~ "NEVER TRUST THE ENKI") is a JourNey into the vast evidence of the Global Flood, Occult, Demons, Nephilim, Enoch, the Watchers, the Enki, Tower of Babel, Mystery Teachings of Fallen Angels, God, Satan, Heaven, Hell and the dimensions between…. A FULL documentary investigation into the science behind the supernatural.
Noah: Welcome to the JourNey. the Truth is BIGGER than you thought…… Noah, God, Satan, Occult and Flood are ALL now science fact.
Noah: The documentary "Noah" takes a hard look, not just at the ancient beliefs, practices, demons, spirits, fallen angels, "aliens" & dark gods going all the way back to their source — the Tower of Babel itself; but greater still, a sobering walk through some of our current "poor-man sciences" & "textbook mythologies" (such as 1859 Darwin-ism and Evolution-ism …. often debated as "Creation vs. Evolution-ism), to the growing finds of SOFT TISSUE & Dino DNA in dinosaurs… all the way to the controversial Dinosaur Ica Stones…. to the Neanderthal (Human) long-lifespans, to the evidence of a Global Flood (Noah's Flood / Noah's Deluge) all across the surface of the whole planet Earth itself.
Noah: The documentary "Noah" also covers the ancient serpent worship on alters of blood by those creatures with elongated skulls that some call "Nephilim, Annunak, the Races of Giants, etc…. Children of the Fallen Angels….. from the realms of hell and the underworld….. to the throne of God Himself, and cross of Jesus Christ…. and the boat that saved mankind from writings on stone all across the globe.
Noah: A true JourNey from the cells to the stars…. to the rage of waters from Noah's Flood….. the Epic of Gilgamesh….. pages of Revelation….. and the dimensions of the unseen… and that which lies between.
Noah: Special Thanks to:
Michael Donner — Music for Noah https://www.youtube.com/user/MichaelD…
Jon Rovetto — DVD production for Noah https://www.facebook.com/jrovetto
Rick Hummer — Voice Overs for Noah https://www.facebook.com/rick.hummer.1
Ric Viers — Sound Effects for Noah http://www.ricviers.com/
Noah: Extra Thanks & Suggested Resources:
Dr. Carl Smith (Mathematics & probability calculations)
Dr. Don Patton (Dinosaur carbon dating, Dinosaur / Human footprints, Dinosaurs in same strata as humans) http://www.bible.ca/tracks/ask-creati…
Dr. Jack Cuozzo (Neanderthal Research / Long Lifespans) http://jackcuozzo.com/
Dr. Walt Brown (author of "In the Beginning" — credited with Hydroplate theory) http://www.creationscience.com/online…
Answers in Genesis: https://answersingenesis.org/
Dr. Chuck Missler: http://khouse.org/
Noah: Links to other Trey Smith / God in a Nutshell videos
Noah: Theory of Everything by Trey Smith…. Enjoy a FULL debunking of Charles Darwin's 1859 Theory of Evolution which spawned today's popular textbook Evolution mythology. Evolution dis-proven using EVERY SINGLE SCIENCE known to man…. An Easy Step-by-Step video for those who want EXTREMELY EASY, Basic & Practical ways to disprove evolution to their friends. http://youtu.be/mtBz1roiQR8?list=PLEA…
Noah: Evolution Debunked (one hour video) http://youtu.be/Gjvuwne0RrE?list=UUul…
Noah: Nephilim by Trey Smith http://youtu.be/1zz8_MxcnzY?list=UUul…
Noah: Enoch by Trey Smith http://youtu.be/BZGN6EKjvAo?list=UUul…
Noah: the Choice by Trey Smith http://youtu.be/TVbJHaK7Tvc?list=PL51…
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Aug 5, 2014
Jason Burack of Wall St for Main St had on as a first time guest investor, PhD statistician, former corporate executive and editor of the Hat Trick newsletter for the last 10 years at Golden Jackass http://www.goldenjackass.com/main5.html, Jim Willie.
Jim has had a very long list of accurate predictions come true in the long term in financial markets since he started writing his newsletters including correctly predicting bank failures, zero interest rate policy (ZIRP), and many more. His accurate predictions list is on his website here:
During this hour+ in depth interview, Jim Willie talks about the origins of many over the counter (OTC) derivatives and how these OTC derivatives are used as a phony foundation (bad collateral) for banks to invest/speculate/loan with the rest of their businesses.
Jim traces many of these large, opaque zero sum game derivatives casino type bets/games back to the early 1990s.
Jim talks about a lot of the fraud at many large banks in the US and in Europe.
Next, Jim explains the main types of OTC derivatives, credit default swaps and interest rate swaps. Jim thinks based on his research and Rob Kirby's research that the US can never fully leave ZIRP without everything collapsing again worse than 2008.
Jim talks about the problems with bank balance sheets, frauds at banks, recent murders of middle managers at banks and the Exchange Stabilization Fund. Jim thinks all of these events are connected.
Jason and Jim discuss inflation, Keynesian Economics, why so many longtime Wall St and financial professionals have no clue about what's really going on and whether the next monetary/financial system will be centered around the Special Drawing Right (SDR) of the IMF or whether China, Russia, BRICs and other G20 countries in the developing world will will out and institute a gold backed trade system.
Many important and exciting financial and macroeconomic topics are discussed in this interview and this brief summary is only a small taste of what you will get if you listen to the entire interview!
Please visit the Wall St for Main St website here: http://www.wallstformainst.com/
Follow Jason Burack on Twitter @JasonEBurack
Follow Mo Dawoud on Twitter @m0dawoud
Follow John Manfreda on Twitter @JohnManfreda
Follow Wall St for Main St on Twitter @WallStforMainSt