big resetThe climax appears to have begun last year, while the breakdown accelerates.


Submitted by Jim Willie, Golden Jackass:

Many people who have been steady loyal dedicated even honorable investors in the gold & silver trade as personal protection for life savings have endured struggles with the family and friends. Whether the conversations are with dullards or stubborn types, maybe educated and formerly successful types, maybe those who are stuck in the paper world of shuffled investments of seemingly no basis, it is of no matter. The battle has been for a few years to convince those around us that a deep contracted crisis is underway. The battle has been to convince that a paradigm shift is in progress.

The battle to convince family, friends, colleagues, neighbors, and acquaintances that the financial and economic system is facing a profound risk of total breakdown has been difficult. Most people are stuck in their own cocoon with family duties and business responsibilities, to be sure. Many people are also stuck within entrenched assumptions, most of which are false and easily dismissed. Many people simply do not care, since the official thermometer and barometer readings all read normal if not healthy signals, but then again they are rigged much like icing a thermometer from a rabidly sick man with a high fever. No resolution to certain pervasive intractable problems can come easily, not without a tumultuous sequence of events. The climax appears to have begun last year, while the breakdown accelerates.


The sleepy masses are not so much stupid as they are deceived. The dopey masses are not so much deranged as they are badly educated. The myopic masses are not so much apathetic as they are distracted. The wrong-footed masses are not so much debilitated as they are lied to constantly. The ignorant masses are not so much simple-minded as they are dedicated to watching rigged market indexes. They tend to be defiant when confronted by those who are well studied, as their reaction is clear indication of diminished ego and varnished embarrassment.

They are not so truly lost as they are duped by watching their mutual funds, IRA funds, and 401k funds rising from the multi-$trillion hyper monetary inflation underway. They regard it as stimulus when they fail to notice the near complete capital destruction with the USEconomy, if not the entire Western Economy. The dullard masses might not awaken until their stock accounts are diminished in value, and some portion of their savings accounts are stolen. They might even cheer with the new Ministry of Truth being installed.



The phenomenon of mass deception and widespread ignorance is a fascinating topic. It has been well studied by the Jackass, and written upon in the past. Many people are just not interested in the macro financial situation and its degradation. Many people prefer to maintain the comfort of false perceptions since they feel a wondrous security. Many people believe the lies told to them, out of some warped political obligation or duty. Many people are stuck within the current system, dependent upon the paper game and rigged markets, even perhaps the political favors bestowed upon them. Many people are overwhelmed with the task of human survival and household continuation, and thus cannot afford the time or energy to focus much attention elsewhere toward the big picture. Quotes from Goebbels only touch upon the surface. To be sure, if a big astounding lie is told often enough, and by powerful people, echoed by the dutiful press, then the people will tend to believe the lie in the majority. The Jackass adds a Goebbels Corollary. Most people would prefer to be told and to accept a lie, rather than to be confronted with and to deal with a magnificent powerful evil force in their midst. This is very complex.



We followers of the global systemic breakdown and the solution found within the installation of the Gold Standard are constantly challenged in alerting, awakening, warning, explaining, and guiding friends and others through the coming maelstrom that seeks climax. It is not easy, as they often seem deaf, dumb, and blind. Toward this end, the Jackass has devised a list of 10 questions to pose to the mentally inept and perceptually obtuse. They are intended to shock them into reality, to toss cold water in their faces. The questions are not your typical garden variety questions that can be sloughed off and laughed at. Most are couched partially within their field of view, although surely not with a deep perception. The list of questions can be formulated to expose the dumbfounded dull glaze of the masses. Behold the list before any discussion of perceptions, reality, crisis, and solution.

Jesus Whips the Banksters 10 oz Silver Bars























Item#1: The irony is that the first $1 trillion in federal debt was realized in the late 1960 decade with heavy costs of the Vietnam War. It was a wonderful extravaganza for the defense industry and the senators who received kickbacks, for trials of nifty weapons against the other sub-humans regarded among our species, the Asians. The current war is more financed by narco money and waged against a different regarded sub-human strain among our species, the Arabs.The United States was founded upon genocide kills of other regarded sub-humans among our species, with reference to the native American Indian tribes and the black slavery for labor. The irony is found in that nobody cares about the latest $trillion that pushes the USGovt debt limit to the $20 trillion mark. The enormity of the debt volume triggers reaction from the creditor nations, who have clearly had enough and have begun to dump the USTreasury Bond debt securities in earnest. Notice in 2014 the debate on raising the debt limit went away, a signal that a debt default might have occurred. The sale of the JPMorgan headquarter complex in South Manhattan was the big hint of a default and asset seizure. The Chinese managed the default event, and continue to do so cleverly with massive commercial property purchases and coordinated (even discounted) precious metals sales with JPMorgue the solicited agent. The solution will involve a more visible default event, complete with reformulation of the USGovt structure. The introduction of several tribunal territories would be effective. The risk lies in losing important slices to the union, like a part of California and Arizona to Mexico, like a part of Hawaii to China as a naval based lusted, like a part of Alaska to Russia.


Item#2: No nation can make money free or cover their debts via monetization without severe consequences. In reality free money has served as a gigantic trap to ensnare Emerging Market nations. They took the money, suffered currency decline during income reduction on commodity price slides, and face default somewhere between $9 and $15 trillion, depending upon the definition of EM nation. Free money distorts all asset prices. History has no example of a nation which had covered its debt via monetization without a disaster, and the United States will be no different. The USGovt in collusion with the US Federal Reserve has exported the debt coverage with Dollar Swaps to various nations, thereby doubling the hidden debt monetization. See the BLICS nations. To believe that the federal debt for the host nation in command of the global currency reserve can be monetized in the multiple $trillions without a massive crisis and financial collapse is pure folly. The derivative machinery can hold things together, but only temporarily. A severe react comes.


Item#3: When the Hat Trick Letter was hatched in 2004, many critics heaped insult when the Jackass claimed the USGovt and its banker controllers would ultimately defend the USDollar with the heavy hand of war. In 2005 the South Koreans announced a plan to diversify part of their sizeable reserves out of the USTBonds, and were promptly shown naval exercises off their coastline as a harsh resounding message. That event served as confirmation to the forecast. In 2003, the Iraq nation was illicitly invaded under the pretext of fighting terrorism. The real sin was selling oil for Euro currencies. The hidden motive was to remove chemical weapons and nuclear weapons sold by the Bush Admin to buddy Saddam. He aint a buddy no more, hanged, or else a double to Saddam was hanged. Iran later persisted in selling oil for non-USD payment, and was promptly treated to painful sanctions.

The entire Syrian War has a motive to obstruct the Iran Gas Pipeline, which would supply Europe with natural gas, and likely not be paid for in USD terms on natgas sales. Even the Ukraine War has a dollar cloak with a sharp dagger. In 2012, the Russians were cut off at the knees, using their Cyprus bank connection to dump USTreasury Bonds and to purchase Gold bullion. That story was never told, since the dullard Western followers remain to this day unaware that Cyprus served as Russian banking window to the West, and the dumping of USTBonds at the island nation was well along in favor of gold. The fact that foreign nations support the USGovt debt, and then face attack by the USMilitary, is one of the great ironies and vengeful vicious deeds of modern times. The community of victim nations will simply discard the USDollar as the standard in all manner, to stop their bleeding.


Item#4: In past eras where balance and equilibrium were known as pursued forces within the global system, no nation could survive for long with a big trade balance. The consequence was quick and fierce, in a significant currency devaluation. Currency crises were followed by regime changes and asset forfeiture amidst tremendous turmoil, violence, lost wealth, and often with lost life. The United States has been given a complete pass on its oversized trade deficit. The outsourced industry movement began in the mid-1980 decade. It resulted in big ballooning trade deficits, but without consequence since the US command the global reserve currency.


Foreign nations were compelled to purchase the USGovt debt. They resented doing so. When attacked by the many factions of the USMilitary edifice, from the front and from behind, the resentment was double. When the USDollar no longer acts as global currency reserve, the United States Govt will be forced to launch a new domestic Dollar. That is exactly when the crisis hits a crescendo, the American public awaken, and the chaos hits historical levels. It would mean the free pass is no longer in effect. The entire USEconomy will take on a national emergency objective to export as much as possible in order to relieve the trade deficit. New industries will spring up, with stated objective to export. The USEconomy will finally face deep shortages, along with higher prices.


Item#5: So far the unemployment problem whereby close to one in four persons is without work has not caused problems. That is, apart from home foreclosures and urban blight from shuttered factories and stores, complete with divorce and broken families, if not alcoholism and drug addiction. An ironic twist occurred with the Gay Kenyan and his recent eight years squatting in the White House. The legions of Obama supporters were on public assistance, like welfare and food stamps.


They clamored for their darling even though he did not do jack shit for the black community, whose members in the business community came to dislike him, even to hate him, surely to disrespect him. In typical broken societies and ruptured nations, the jobless take up pitchforks and attack the palace. The Storming of the Bastille still reverberates in memories. But this does not happen in the United States, where they lift a darling champion to be a golf and fund raiser champion, peppered by gay sex parties in the Lincoln room. The jobless masses might soon become a problem, but only after the free ride programs are curtailed and the free stuff ends. The process will start very soon, and likely coincide with the lost currency reserve status for the USDollar. Then the bills must be paid, as opposed to passed onto foreign nations.


Item#6: When the Jackass was a young fellow, ever the unruly snot, but always the thinking brat, my father told me that the USGovt debt is a horrible eyesore and growing blemish, but it will not become a point of crisis unless and until over half the debt is held by foreign entities. It was concluded by the emerging college student emerging from the haze that the issue is lost sovereign control via external debt. Images of the Godfather came to mind within this debt control issue much like underworld markers. Such a tipping point occurred around 2006 or 2007 on foreign debt control, which happened to coincide roughly when the mortgage bubble burst in Greenspan’s myopic wrinkled face.


After all it was his baby bubble. Hidden within many policy decisions are phone calls and formal marching orders given by the foreign creditors, led by China. Fast forward to today, and the foreign creditor are dumping USTBonds in a volume never seen before. The dumping process is significant enough to cause problems within the derivative support machinery. More important, it stresses the process by which the USDollar is guaranteed to lose its global reserve currency status, and lose its economic free pass, which will unleash unholy hell upon the nation.


Item#7: The anchor behind the continuation of the structure laden with grotesque imbalances is clearly the USDollar acting as global currency reserve. It was imposed upon the community of nations by force, without consensus, under no discussion, with great insult, and soon to show tremendous backlash after 45 years of pent up angst and disgust. The process began in 1971 when Nixon withdrew from the Bretton Woods Accord which had served as the Gold Standard. Nixon shut the gold window. Quickly the Rockefeller Foundation suggested the Arabs quadruple the oil price, use the Israeli state respiration as pretext, and form the Petro-Dollar defacto standard. The Arabs were assured of no military attack, as long as they recycled their ample surfeit of trade surplus into USTreasury Bonds and USMilitary weapon purchases. They did exactly that, and became a key Anglo-American vassal state.


Hidden is very likely an important accord to permit $3 to $4 trillion in Saudi USTBond holdings to form the core of the Exchange Stabilization Fund run by the USDept Treasury. The Saudis will never seen that $3 trillion again, while their gold bullion accounts in Swiss banks have been stolen by the London and Wall Street banks. The two sides to the global curency reserve status can be explained simply, but their consequences are vast and far reaching. The many banking systems of the world use USTreasury Bonds as their core reserve assets, that operate as the foundation for their entire national banking systems. Such is true for several dozen nations. The standard payment unit for international commerce is the USDollar, usually paid in the form of USTreasury Bills. The entire global payment system for commerce has tended to follow the pattern for oil sale. When the Saudis led the OPEC nations to sell crude oil for USTBills, the entire trade payment system followed suit, like for container vessels and bilateral service contracts. It is all about to come to an end, but grand turmoil and vast chaos.


Item#8: One of the most difficult points to make to any unsophisticated observer is that almost all financial markets are rigged, corrupted, and under firm control. The primary control room is the Exchange Stabilization Fund and the US Federal Reserve, which has its minion Wall Street banks carry out the trading orders. The Wall Street and London banks collude in magnificent style to control most financial markets. The last several years have been chock full of scandals whereby the big US and London banks have been caught in market rigging practices, with hand slap penalties. It is hard to list all their crime scenes, but the LIBOR, the Gold market, the mortgage market, the crude oil market, and even the USTreasury Bond market, all are the objects of market rigging criminal investigations. The USTBond market often is ignored as a site for prosecution, since low rates are seen as stimulus by the majority morons. The key point to know is that the ignorant masses, the madding crowds, the dullards in our midst, will remain docile and dumbstruck as long as interest rates are low, their stock funds are high, gasoline prices are tame, and food prices are reasonable. So far so good, but all that is about to change when the USDollar loses its global reserve status and undeserved privilege.


Item#9: The New World Order (NWO) is the watch word label of interest and focus. It was alarming to see USVP Joseph Biden in May 2014 deliver the keynote commencement speech at the US Air Force Academy. The applause might have been as forced as pathetic, when Biden heaped cheer for the global fascist state and its rooted installation. It is the movement to create a long series of fascist states in the Western community of nations. The 9/11 event was critical for the baptism of the movement, as the United States was christened a fascist nation under the shadow of the Patriot Act, which shoved the Constitution into the cellar closet. A key requirement to facilitate the march toward the global fascist state is a ruinous series of economies. Thus the Jackass has concluded that most Western nations enact policy that wrecks their economies in profound sabotage.


The interested observers can refer to destructive monetary policy (see QE), bone headed fiscal policy (see Obama Stimulus Plan), outsourced industry (begun by Intel in 1984), high US corporate tax rates, constant crisis, endless social conflict, blurred national boundaries, and the kicker in millions of units in Arab Human Garbage influx. The architets for the NWO have been the Trilateral Commission in concert with the Rockefeller Foundation, the Bush Narco Family, and the banker cabal in control of central banks, operating in concert with the military defense industry. They are being exposed. The pedophilia is just their most recent exposed facade. The laced vaccines were the previous exposed facade. The ISIS terror groups traced to Langley, the Obama State Dept, and Israeli Mossad is an ongoing exposure exercise.


Item#10: The genocide plan has numerous sides. Several months ago, the Jackass offered a detailed list of the earth ruin and human culling within the Hat Trick Letter report. It goes far beyond bond fraud, monetary ruin, narcotics trade, endless war, and other devious established practices. Most people cannot conceive of the human species committing suicide. Then again, the great majority do not have a good comprehension or impression of the Satanists who control most banks, most weapons firms, and most major corporations. The organized Satanists must be stopped, and their recent exposure with pedophilia is just the beginning of their own nightmare episode. They will attempt to respond with more war on the table.


The Biblical Prophesies cite that during the End Times, the earth will be attacked by Satanists. They will attempt to poison and destroy our world with seven bowls, a metaphor used to describe different avenues and methods. Here is the Jackass interpretation of the details for projects currently underway. This is extremely disturbing.

First, poison the AIR with chemtrails, a Rockefeller project closely associated with Agenda-21, whereby the air is filled with benzene and aluminum particles. The former is pure poison. The latter advances Alzheimer and Parkinson diseases, the radical rises already noted. The cover is global warming, a widespread ruse by the banker cabal to tax the air we breathe.

Second, poison the WATER with fracking procedures done by Halliburton, where toxic chemicals are injected into the water table. They are protected by USCongress laws on what is injected. Also the ocean is rumored to be contaminated by Halliburton also, where they systematically dump radioactive cesium off the California coast, only to blame the noted cancer rise on Fukushima. Other fracking firms do not dump additional toxins like Halliburton.

Third, poison the FOOD with Monsanto and their aggressive Genetically Modified Organisms (GMO) program. It is rumored to be an elaborate virus delivery system with designed infertility in humans just like with crops (no seeds in crop output). The pesticides also produced by Monsanto are associated with vast sweeping deaths of the global bee population.

Fourth, poison the MONEY with the US Federal Reserve monetary policy of Quantitative Easing, which is hyper monetary inflation in African style by any other name. The global reaction has been to bring the USDollar into a retirement and phase-out. The Jackass has been explaining for over three years that QE kills capital.

Fifth, poison the VACCINES by directly infusing them with the disease they are supposed to protect against, with a few zinger extra additives like mercury and formaldehyde. In recent reports, they have been found to include immune system suppressants.

Sixth, poison the ECONOMY with endless war, under the false flag of fighting terrorism, and under the ruse of fomenting color revolutions. The real motive is to interrupt the Russian energy supply to Europe, thus the Ukraine War, and to stop the Iranian gas supply to Europe, thus the Syrian War.

Last and seventh, poison the SOCIETY with the Arab refugee influx, all sponsored by the Western Elite leaders, with national laws all bypassed. Their passage is routinely paid by USGovt and Soros Foundation NGO organizations, but the Austrian Govt intelligence revealed the connection. This critical step aligns with the 1900 Pike Cabal designed plan for creating a world war of Christianity versus Islam. The Jackass correctly forecasted a violent ISIS-type event in August 2015 in a major European city. It happened with the staged Paris deadly event in September, the next month.



The solution is the installation of the Gold Standard, and the launch of a US-only domestic USDollar which the Jackass has affectionately and appropriately dubbed the New Scheiss Dollar. It will be heavily devalued. The transition to the Gold Standard framework will be an extremely rocky road. Imbalances formed over two generations must be brought in line. The deadbeat nations like the United States must be forced to get back to work, to form industries, and to pay their own freight. Big trade deficits will not be tolerated. The Gold Standard introduction will come as part of the Global Currency RESET, a complicated multi-step process whereby sound money will be restored into usage and imbalances will be addressed vigorously.


The transition has been resisted for the last two years or more, as the Ukraine War was kicked off in a betrayal to an international accord struck toward the RESET by a long list of nations. The USGovt violated the accord with defiance, corruption, and depravity. The many players are all actively resisting the fuse being lit for the Global Currency RESET, which is a formal name used in lieu of the more appropriate label of Installed Global Gold Standard.

All manner of participants are feverishly working to administer to bankruptcy ruptures with liquidity patches. No players want to be blamed for kicking off the great RESET since it will be so disruptive to the power structure, so damaging to current perceived wealth, so chaotic to societies. Those responsible might be killed quickly in vengeance by those in current power positions. The Western Elite face threats of eradication, exposure, and stripped wealth. The task is so great that the Asian power elite have enlisted ET assistance.



The Gold Trade Notes for trade payment might be coming into view, initially with commodity transfers, later swap contracts, and finally gold-backed short-term notes which supplant the USTBill. One might think of used newspapers on the floor, or of the dodo bird. The trade might be made in exchange for either goods delivered or USTBills held. Detect a growing connection to finished goods being withheld from delivery.

This is probably another sign of refusal of USTBills as payment. As footnote, be sure to know that the preliminary steps to the Global Currency RESET will not be laid out in full disclosure for public benefit. It represents a tremendous investment opportunity for the elite, which they never tend to share. In fact, the RESET might be well along before it is even recognized. End to EuroRaj main thoughts and open analysis, for which much gratitude is given. The Jackass believes a few critical elements to the RESET are in place. More details on DIP Financing feature is included in the September Hat Trick Letter report.


***A major hitch obstacle can be inferred. Payment in USD terms might be the clot in the artery. Demands might be for hard asset swaps, and the contract security from large scale commitment of commodities, facilities, and property. The swap trade is coming into view, a presage of the Gold Trade Note.***


The Jackass concludes the USD rejection could be lifting its head within a gathering storm, without clear identification. It is indeed difficult to identify all the elements when hidden deals at the highest level are underway, and friction is omnipresent. The Bobcat Corp rejection of USTBills at Pacific ports is a clear story. For every one story recounted, there are 10 to 20 not yet heard. My firm belief is that in Asian banking systems, they do not want the USTBills anymore. The banks in Asia are trying to dump them in heavy volume, not accumulate more worthless toilet paper. Finally the sharp blowback from printing QE money has hit. The USFed monetary policy saves the big insolvent banks, but kills capital. The result has finally seen manifested in USD global rejection, or at least hints toward the same. Asian banks still hold vast sums of USTBonds. They are not going to announce the rejection, but instead fight behind the walls for better terms of payment, even as they pursue the Gold Trade Note for payment at ports. It is coming, like daybreak follows the long night.



In time, expect an eventual refusal by Eastern producing nations to accept USTreasury Bills in payment for trade. The IMF reversal decision assures this USTBill blockade in time, and might accelerate the timetable. The United States Govt cannot continue on five glaring fronts of gross negligence and major violations. These violations have prompted the BRICS & Alliance nations to hasten their development of diverse non-USD platforms toward the goal of displacing the USDollar while at the same time take steps toward the return of the Gold Standard.


The New Scheiss Dollar will arrive in order to assure continued import supply to the USEconomy. It will be given a 30% devaluation out of the gate, then many more devaluations of similar variety. The New Dollar will fail all foreign and Eastern scrutiny. The USGovt will be forced to react to USTBill rejection at the ports. The US must accommodate with the New Scheiss Dollar in order to assure import supply, and to alleviate the many stalemates to come. The United States finds itself on the slippery slope that leads to the Third World, a Jackass forecast that has been presented since Lehman fell (better described as killed by JPM and GSax). The only apparent alternative is for the United States Govt to lease a large amount of gold bullion (like 10,000 tons) from China in order to properly launch a gold-backed currency. Doing so would open the gates for a generation of commercial colonization, but actual progress in returning capitalism to the United States. The cost would be supply shortages to the USEconomy, a result of enormous export increases to China.


The colonization has already begun, with secret deals galore. It is very unclear what deals are being struck in order to arrange for the USGovt to have a proper gold reserve hoard, for backing a new legitimate USDollar. Meetings at very high level are in progress, with little if any popular representation, only elite members present. Failure to produce a legitimate bonafide gold-backed currency would mean the United States must proceed with the New Scheiss Dollar, an illegitimate fake phony farce of a currency. It would be subjected to a series of devaluations. The result would be heavy powerful painful price inflation from the import front. The effect would be to reverse a generation of exported inflation by the United States. The entire USEconomy would go into a downward spiral with higher prices, supply shortages, and social disorder. However, the rising prices would come from the currency crisis, and not so much from the hyper monetary inflation. That flood of $trillions has been effectively firewalled off.

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(The Voice, a European gold trader source)


Jim Willie CB is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics. His career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Visit his free website to find articles from topflight authors at For personal questions about subscriptions, contact him at  [email protected]


  1. From 2015:

    Jim Willie: Hyperinflation, Shortages, & Chaos- End Game Hits Like a Tons of Bricks in 2015!

    Posted on January 14, 2015 by The Doc


    Now I’ve never been hit with a ton of bricks, but 2015 did not seem as bad as Mr Willie’s forecast.  This has me thinking, (usually never a good thing) but why did The Doc single out Bo Polny for his string failed predictions.  Its seems other SD Contributors have a record of arrogance and failure that would match or surpass that of the esteemed Mr. Polny.

    Anywho, cheers for a prosperous New Year and the hope that Bo and Jim will be correct on Gold for 2017.

    • I’ve already come to grips that neither gold or silver will ever perform as Jimbo, Ploney, Sky Is Fallin’ Holter, Sinclair or any of these incredibly brilliant guru prophets suggest.  These guys are lost..  Since 2011 their advice has been akin to Larry, Moe and Curly.  Completely wrong and then all these sites ignore their unbelievably dismal track records.  I quit reading or listening to any of them several years ago.

      The real investments in this category are rarities, BU rolls, limited editions and similar coins.  Everything else has lost massive value since 2011 and don’t see how silver rockets up to $50 / oz when it’s controlled 50:1 paper contracts and the CRIMEX.  However, they cannot control the price of an individual rare coin or BU strike minted in the 1940’s.  That’s the investment and has always been the investment just these sites try to steer you towards bulk coins or bars at $16 / oz.  What a mistake especially for people that bought bars at $40 and $50 / oz.  They’ve lost 70% of their investment to date.  Those which bought silver limited editions, proofs and rarities not only retained their investment but many have increased in price even as silver dropped like a rock.  Sure some lost value but they’re down 25% and not 70%…  They’ve held their value much better than bulk coins just they require the average silver investor to be prudent and not just order a monster box with the click of a button.  Funny but true.  Can’t wait for the onslaught of negative comments!

    • @PowerBall


      No negative comments here because I agree with your 1st paragraph 100%.  This is one of the lessons that we all need to learn.  To wit: There Are No Gurus.  If any of us would have foreknowledge of what is to come, it is likely that it will be via prayer and meditation that puts us in tune with higher levels of consciousness and not in the ramblings of those who try to assume a position of knowledge that no one else has.  This is similar to the actions of the guilds in the middle ages.  They were simply hoarding knowledge so they could profit from its use.  Even something as simple as reading and writing was hoarded to the scribes and royalty.  No one else need apply.

      The good news, of course, is that we can ALL learn what we need to know if we are willing to work at it.  Take me for example.  Way back when, I wanted to invest money and have it grow.  But I didn’t know anything about investing, so rather than charge in blindly, I decided to educate myself in what investing is, how it works, and how it is done.  First, I had to learn the jargon.  This puts a lot of people off but learning it is a necessity because it is the language of the craft.  Next, I had to learn all that I could about the various kinds of investments, who to invest with, what to expect from investing, and much else.  Thanks to the Internet, a lot of this info was available on-line.  The web site was a remarkable resource that led to other sites that also contained much useful info.  Various personal finance magazines and books also added substance to my knowledge.  All of this was not merely interesting but also fun.  Yes, I know.  It’s not everyone’s cup of tea.  But for those of us who can get into it, it is quite rewarding.  It is also liberating because now I do not need a broker telling me a lot of nonsense, charging me a lot of money, and losing much of what I have to “market reverses”.  This likely is also true of other fields of study.  Those who are willing to learn what they need to know can do well.  Those who are not will be at the mercy of others who are.  Same with these so-called PM gurus.

      I have applied all this financial knowledge to buying some PMs.  I am not an “all in” kind of person, preferring instead to hedge my bets whenever possible.  This is good to do because weird things tend to happen at the least expected times.  Being caught off guard by these things can be aggravating AND expensive.  Hedging helps minimize the losses that could otherwise occur.  It can also reduce one’s earnings but that’s the price of a smoother financial ride.  I have found that it is always better to suffer lower earnings than have substantial losses of principal.

      I am writing an article for SD that may or may not be published, depending upon whether or not the editors see any value in it.  The article is a brief description of how one can acquire assets, such as gold and silver, in a way that is most beneficial to the buyers.  This info will not make me or anyone else a “guru”.  But, hopefully, it will make those who take the info to heart better investors and buyers of assets.  🙂


      • The task is so great that the Asian power elite have enlisted ET assistance.


      Does he really mean Extra-Terrestrials???

      C’MON, MAN!!!  😛


    • Just a word to those who may just be younger than me and who are holding their breath waiting for the “big collapse”

      I was born in London when bombs were dropping everywhere plus the infamous “doodlebug”.   I’ve lived through all sort of crisis around the World.   I’ve seen all sorts of collapses financial and otherwise.

      You know what though?   I really can’t remember too much about them.   They come they go and you adapt.
      “I’ve lived through some terrible things in my life, some of which actually happened.”  Mark Twain.

    • @undeRGRound


      Good old Private Hudson.  He had some of the best lines in that entire movie.  My favorites include:

      “Why don’t you put her in charge!” (said with a very whiny voice)

      “I don’t know if you’ve been keeping up with current events, but we just got our asses kicked, pal!”.

      “Hey, Vasquez, you ever been mistaken for a man?” (to which Vasquez answers, “No, have you?”)

      “Yeah, man, but it’s a dry heat”.




    • Indeed; a very good read in my opinion.

      Jim might not be correct on all aspects, but I would argue that he is more knowledgeable than some of the loser trolls on here like silvertragic, K.honaz and many others.

      These low life morons have nothing good to say about this site but they keep coming back. HHmm makes a guy wonder what their purpose is for being here?

    • John, the trick out of the bag will come from China and very soon, as they are highly prepared to back their Yuan and Bonds with Gold. Hide and watch John, it’s coming. The ECB will say it then do it, The Fed knows they are going to do it and the IMF can’t do a thing about it or the Bis, or any financial entity in the world. The Elitists will say it and do it, change their panties, count what ill gotten gains they have left. Take it from an old guy who has not forgotten how pragmatic the Chinese are. Anything you hear about a bust in China is homogenized horse apples!

    • The only time I could ever envision a country like China or Russia backing their currency with gold is at a time of complete collapse or hyperinflation.   They love printing money out of thin air as much as everyone else.

    • Agreed @PowerBall

      The Chinese will NOT be backing their currency with gold at any time in the foreseeable future.  Gold backing makes a currency STRONG, which is exactly what the Chinese Gov does not want.  They want a weak currency and as big a slice of the export market as they can grab with their production capacity and weak currency.

      This is also why they are so eager to grab the resources in the South China Sea area.  Getting them will mean that they will not be hindered by their weak currency when it comes to buying such resources.  This is, or at least should be, the lesson we can learn from Tibet’s experience with China.  Instead of trading with Tibet for Tibet’s vast mineral resources, China simply stole them.  They will do the same in the South China Sea if they are not stopped.  The leaders of every country in that region are well aware of this but none of them have the military or economic power to make the Chinese behave themselves.  All of them combined do not have that much power.  If the US does not do it, China will continue their thieving ways and will steal all of the resources in the South China Sea region too.  Why would they not?

      Men of conscience are frequently confronted by the question, “why?”, while men who have no conscience think, “why not?”.


  2. When Credit and Trust disappear which will occur as a single event, then the whole of the global supply chain will collapse as a consequence of No Credit Available.  Adios Super Stores!  Hello Roadside Mom and Pops fruit stand.   Everybody will have the same credit score (0).  Then ol. Jim Willie can say “See I Told You So”.   Date Stamps are worthless to us.  All that we need to know is it’s on the way and will arrive in our lifetime.  That’s a good enough reason to have real money at the ready.

    • Indeed it is @Falco

      But then, good as this reason it, it’s just not… sexy.  Most of the gurus want more pizzazz in their missives.  Unfortunately, it is their effort to make something exciting that most on here see as obvious that leads them down the path to indulging their imaginations.  Once that happens, all manner of silly comments come forth.

  3. When Nixon took away the Gold Standard in 1971. IMO the Gold was removed from Fort Knox and Denver. Where did it go? No Audits were allowed since The Eisenhower audit in 1952. New York Fed doesn’t have it either. IMO the Gold resides in France. (Rothchilds?)


    • @Ranger


      “IMO the Gold resides in France. (Rothchilds?)”

      Perhaps… if it wasn’t sold, leased, or otherwise used to finance a nation that consumes more than it earns and has come to think of that as “normal”.  🙁


  4. @silvertragic – awesome.  Full retard, and you forgot to mention Auto-Dork mode on SD.

    The IRS and Judas Iscariot are right on par with the quality of trustworthiness of the info presented on SD’s marvelous blog.

    Almost lends credence to the popular notion that the universe was formed when nothing exploded, and rain fell on the rocks and made a primordial soup, the great predecessor of the homo sapien.  Equally impressive batch of bull caca endorsed by well-paid know-it-alls.  Sir, those letters at the end of your name likely mean you’ve lost the ability to hear others or think objectively.  No matter, to thine own lies be true.

    So, we celebrate the intro of 2017 with another batch of vanities masquerading as evidence of an imminent windfall for the self-anointed prudent.

    Want a good investment?  Try wisdom.  Then…the courage to follow its dictates.







    • Don’t get me wrong.  I’m not saying we’re not moving toward a return to an asset-backed currency system.   In my stupid little opinion, I think we are.  I could give two tablespoons of shite as to the speculations regarding the how and when.

      Do something useful with your life.  Go to culinary school.  Learn the harmonica.  Dance the flamenco.  Write a great novel.  Visit the “poor” (happy) people in Uganda, Ghana, Togo, the Congo, etc.  Stop wasting your precious life scheming about how to preserve your pathetic little stash of nuts for the big bad winter you fear is ahead.

      For God’s sake.  Live, rather than trying to avoid dying.


    • @ HK Honaz,

      In my life I’ve done all of those things you suggest and more.   I find now that simple pleasures are best like counting my Gold and Silver coins, drinking good wine, eating good food, going for walks, sitting in the sun.   My wife and I have a great life doing almost nothing in particular.   Fortunately we have enough money to do nothing.   We earned it though.

      We have all been indoctrinated into believing that we must be ‘doing’ something in order to be ‘fulfilled’.   The Powers That Be have made sure that from cradle to grave you must work and contribute until you drop.

      How many people reach retirement and then are lost because they do not know what to do.   They are like the old cart horse that knows no better than to pull the cart.   People are never taught how to do nothing successfully.


    • Agreed @GBS

      Finding fulfillment in simple things has a certain elegance about it that few can appreciate.  Sitting in the sun is also good.  I very much enjoy grilling something on our deck while enjoying the sun, a good book, and a tasty glass of wine.  Fishing is also an excellent way to enjoy nature and, if successful, it can add zesty meals to  one’s usual dining fare.  Unlike a lot of people, I worked to live and not the reverse. Because of this, when the time came that I realized that my time was worth more to me than to my employer, I stopped selling it to them.  As you say, having the financial wherewithal to do this is a must.

      IMO, retirement is a gift that we can give ourselves IF we are prepared to create a good financial plan and have the dedication required to stick to it.  It requires effort, supervision, and the ability to maintain our focus upon a long-term goal, rather than merely seeking short-term gratification.

      Some of us are born to be retired, lol, and some simply must have the structure of their familiar work environment to find order in their lives.  This can be true, even when their job is quite stressful and not particularly rewarding.  Pity.


    • @Ranger


      So… how are YOUR Mandarin lessons coming?  Good, I hope.  😉

      But then, since many Asians are racists and see the world as Us and Them, one cannot become a member of the Us tribe via merely speaking their language.  This is so because as soon as you are not useful to Them, you WILL be replaced by one of Them.  Following this to its logical conclusion, this path leads to either global war OR a single race owning this planet… and who knows, perhaps these are not mutually exclusive?


  5. ‘All manner of participants are feverishly working to administer to bankruptcy ruptures with liquidity patches. No players want to be blamed for kicking off the great RESET since it will be so disruptive to the power structure, so damaging to current perceived wealth, so chaotic to societies. Those responsible might be killed quickly in vengeance by those in current power positions. The Western Elite face threats of eradication, exposure, and stripped wealth. The task is so great that the Asian power elite have enlisted ET assistance.’

    Ahmm, wait.. what? Did I miss a century or what? ET assistance? Yeah. Of course, why didn’t I think of it before? They surely will love to clean up our mess. Extraterrestrial Trashbusters. Thank you JW for your guidance… cough

  6. Interesting article from Priced In Gold (dot) com. Charles Vollum.

    January 8, 2017

    The Dow from 1,000 to 20,000

    I have been hearing a lot about the Dow Jones flirting with the 20,000 level this week. In fact, on Friday it hit 19,999.63 during the day, but fell back to close at 19,963.80. I’m pretty confident we will eventually see this benchmark reached and surpassed, as we have seen many others in the past: 1,000 in 1972, 5,000 in 1995, 10,000 in 1999, 15,000 in 2013, and so on. The problem with all these “magic levels”, and indeed with all USD prices in general, is that they do not use a consistent unit of measure. $1 in 1972 bought a whole lot more gold, silver, oil, gasoline, bread, eggs, taxi fare, or almost anything than $1 did in 1999 or $1 does today. The “Five and Dime” that I grew up with is now the “Dollar Store”.
    This blog is about gold as a standard of value. Not because gold is perfect, but because it has stood the test of time, both as cash money and as a measure of value, for thousands of years – while hundreds of other currency systems have come and gone. And until 1971, it still underpinned the US Dollar itself, and through the Bretton Woods agreements, it indirectly underpinned all other government-issued currencies as well. After that point, all currencies were cut loose from gold and floated freely against one another, but more importantly, the last tie between money and real stuff was cut, and governments and central banks were finally free to create as much currency as they wanted – without ever having to worry about how they would redeem it for something real.
    Certainly the years leading up to 1972 and the Dow breaking the 1,000 barrier were full of ups and downs, but they were real booms and crashes. From 64 in 1921 to 381 in 1929, and back down again into the depths of the Great Depression, for example. Not until 1954 was the 1929 high seen again. And due to the 40% devaluation of the Dollar in 1933, the Dow would not recover its 1929 gold value peak until 1959.
    Breaking the 1,000 barrier in November of 1972 was an emotional moment for traders on the floor and investors around the world. It seemed to mark a new era of prosperity, even as, behind the scenes, inflation and recession were preparing to set in. At that time, Dow 1,000 USD meant Dow 482 grams of gold, and through the rest of 1972, the Dow traded between 480 and 500 grams. But early in 1973, things started to come unglued: stock values were falling, but the Dollars used to quote those prices were falling as well (gold prices were rising) eventually pushing the Dow down to an all-time low of 37 grams in 1980. Stocks recovered their value much faster than did the depreciated Dollars. By the time the Dow had regained the 1,000 USD level in 1982, it was still worth only 80 grams of gold.
    But stocks, and the economy in general, were on the march… in fact, from those lows in 1980, the largest bull market ever seen was underway. When the Dow hit 5,000 USD in 1995, it was trading for 408 grams – still not recovered to its 1972 value of 482, but more than 10 times its value at the lows of 1980. And by late 1996, it had passed the 500 gram level and was heading for the sky.
    And despite a few stumbles, it crossed the 10,000 USD threshold in March of 1999, at 1110 grams of gold, and went on the peak at 11,326 USD, or 1393 grams of gold in August of 1999. As the tech bubble popped, and the plunge protection team pulled out all the monetary stops, stocks once again were falling just as Dollars were also losing value. And all the way down, even when the Dow was rising in USD terms, the value of the USD was falling even faster: the Dow peak of 14,165 in 2007 was worth 600 grams, and at the bottom, in August of 2011, the Dow was worth only 180 grams, and trading for 10,855 USD.
    From there, we have been in an amazing bull market, both in stocks, and in the US Dollar. This has pushed the Dow to almost 20,000, and brought its gold value back to about 530 grams – far above the 2011 low, but only 10% above its gold value when it first crossed the 1,000 USD threshold in 1972.
    An important question going forward is whether we are now following the trajectory of the early 1980s (on our way to the moon again) or if we are instead channeling the spirit of 1974 to 1977 (a major bear market rally, on our way to a retest of all-time lows). Keep reading these pages to see how this story turns out! But keep in mind that despite today’s sky high USD valuation, the gold value of the Dow is roughly the same as it was back in 1972, when it was quoted at 1,000 Dollars for the first time.

  7. @GBS   Thank you for the number crunching.  I recall our first family home cost $20,000 in 1970.  It’s located in an average middle class neighborhood.  An unspecial home with old and dated architecture.

    It was a 40 year old when our family bought it.   3 br 1.5 ba 1,500 sq ft residence on a 7,500 sq ft lot.

    I just checked market value zillow and and fell off my chair.


    Our family sold it in 1990 for $200,000, a 10 bagger and family thought they received a small fortune. It helped them with retirement funds

    26 years later it’s another 4 bagger

    Gold was $40 an ounce in 1970 and is up 30 fold today.

    The home went up 40 fold.  Funny thing about this is the home is now 87 years old.  That old in residential structure terms. Even the termites are on social security and medicare.

    The 1970 krugerrand?  Looks the same as it did when first minted.  The home?  Not so much.

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