Jim Willie Interview by T. Ferguson

jmski52

Morgan Stanley

I'm only about 5 minutes into the 1 hour+ interview, but you might want to check it out.

derryb

thanks.

KUCH

jmski52,

Thanks for posting. I was so into the pod cast, listened to the whole show in one sitting.

MilesWaits

Most gracias jmski for the link to the German deep throat 'Mein Herr'!

carew4me

Nazi's! 9-11! = Conspiracy Kook*












* sometimes guys like this go so deep down rabbit hole that anyone spending time with them is treated to a virtually endless inter connected tapestry of
subversive and purposeful horrors that remind us that a small group of devious old dudes (perhaps Nazis! Vatican!) are pulling all the strings.

ricko

Interesting.... Cheers, RickO

jmski52

I wasn't so intrigued with the references to Nazi subterfuge as I was with the possibilities of another set of investment firm/bank failures and the implication that the only remaining liquidity available to these firms in a string of cascading margin calls on losing positions is ------->>>> the segregated customer money market accounts held by most every investment firm out there.

----------->>>>AND the precedents that have now been established within the court system which make it legal to steal customer funds with no consequence.

That's why I found the interview to be compelling.

cohodk

I am 100% confident there will be more bank failures. There always have been. I am 100% confident the world will not end and society as a whole will prosper from the natural "backing and filling" of the economic cycle.

derryb

<< <i>I am 100% confident there will be more bank failures. There always have been. I am 100% confident the world will not end and society as a whole will prosper from the natural "backing and filling" of the economic cycle. >>


If it is allowed to return to "natural" forces. Economic cycles today are too much under the influence of artificial, and often incorrect, stimuli which ironically are partially used to prevent bank failures.

MilesWaits

Point; counterpoint. Well said, DerryB.

One can easily find the middle when others are willing to bravely describe the outliers.

KUCH

Here's what I found interesting: If banks have sold their customer's segregated gold to satisfy debts, why would these customers accept fiat paper as settlement? If you remember, several years ago, there was a "run" demand by customers for their gold. They were given paper plus a certain percentage.

cohodk

<< <i>

<< <i>I am 100% confident there will be more bank failures. There always have been. I am 100% confident the world will not end and society as a whole will prosper from the natural "backing and filling" of the economic cycle. >>


If it is allowed to return to "natural" forces. Economic cycles today are too much under the influence of artificial, and often incorrect, stimuli which ironically are partially used to prevent bank failures. >>




Hogwash. Markets have always been under some sort of "control". However markets are always bigger than any controls and will always correct excesses.

derryb

<< <i>

<< <i>

<< <i>I am 100% confident there will be more bank failures. There always have been. I am 100% confident the world will not end and society as a whole will prosper from the natural "backing and filling" of the economic cycle. >>


If it is allowed to return to "natural" forces. Economic cycles today are too much under the influence of artificial, and often incorrect, stimuli which ironically are partially used to prevent bank failures. >>




Hogwash. Markets have always been under some sort of "control". However markets are always bigger than any controls and will always correct excesses. >>


You overlook the fact that controls are now designed to govern the markets ability to correct excess. Controls are now used to overpower market forces with whatever is necessary. Trillion $ bank bailouts and indefinite zero interest rate policy prove this. Markets will be governed by controls until the controls/controllers are reigned in or until the market(s) implode.

roadrunner

Hogwash. Markets have always been under some sort of "control". However markets are always bigger than any controls and will always correct excesses.

Markets have always had $1.1 QUAD in otc derivatives (80% are interest rate contracts) and a few participants controlling the majority of trading in stocks, commodities, bonds,
and forex via HFT's. Yup......same old same old.

But I do agree that the massive control exercised by these recently created "tools" will end very badly, and not by a slow backing and filling. One day it just breaks.