Friday The Thirteenth Golden Jackass

Friday The Thirteenth Golden Jackass

The Ochelli Effect 10-13-2017 Jim Willie The man behind The “Hat Trick Newsletter” @  goldenjackass.com

Plus producer Tony Hurst has an unscripted conversation with Chuck in the second hour

Hour 1 we break down money , Gold , Oil , and the U.S. Military Industrial Complex along with a few unusual subjects with the uniquely talented Jim Willie from GoldenJackass.com

Jim’s insights into finance ,  global trends , realities and the secret or not-so-secret  world of real deals is one of a kind and the Ochelli Effect is lucky to have Jim appear on a monthly basis. On Friday The Thirteenth Golden Jackass , we hear Jim answer listener questions and explain what happens when China decides to “Flip The Switch” , and what has happened to US Presidents  when they push back against the banking Cabals.

Second Hour Tony Hursy makes a rare appearance on the show to pick Chuck’s brain a bit about current events , Climate Change , and What In Hell is actually going on in the alleged United States. The future of the show is addressed and Tony’s priceless contribution to show , website and Chuck’s basic knowledge are discussed. Also , What was that noise at the second hour break?

Friday The Thirteenth Golden Jackass

The Ochelli Effect 10-13-2017 with Jim Willie and Tony Hurst

Thanks to all our listeners and contributors for your awesome support, The Ochelli Effect would not be here without you!

If you have any questions for Jim Willie , Tony Hurst, any other guests, or about our shows, please contact us here at The Ochelli Effect or if you want to contribute in some way, please do the same.

Join us in Ochelli ChatRoom for live shows every weekday 8pm – 10pm Eastern Time.

A big thank you to Jim Willie for appearing on The Ochelli Effect.

About the Author:

Born in 1972 , With one of the Loudest or most Muted Voices in Political , and Social Circles. The Alternative's Alternative. Radio Host , Researcher , and A Walking Talking Anti-Myth.

11 Comments

  1. Evert Zegelaar October 15, 2017 at 4:41 pm - Reply

    All bad news for the USA and the dollar. I believe that. But the USA is a big market for China. Will China blow this up? Would be bad for business, not?

    • Ochelli October 16, 2017 at 2:05 pm - Reply

      My thought is they may be preparing to absorb the loss and plans for the aftermath are likely in place as well.

      • jj October 18, 2017 at 6:42 am - Reply

        More delusional bullshit. Willie has no experience trading any financial market but here he is giving you advice. China has been buying billions in treasuries and the PBOC announced 3 months ago they stopped buying gold. A country does not buy another country’s debt if they have no confidence in its currency. China holds over 1 trillion in treasuries and other US government backed agency debt. Willie somehow thinks they will destroy the dollar but he fails to understand that this would collapse their dollar based assets. Simply not going to happen! In addition the Chinese have been buying loads of businesses in the US including commercial real estate and they simply would allow this to happen.
        For over a year international capital flows have been moving into the dollar, the Dow and other dollar based assets especially from Europe as the euro, the EU, most of its banks and countries are going south. Nothing has been fixed in Europe and the only thing propping it up is the ECB creating 60 billion euros a month out of thin air and buying the toxic assets. The dominoes are already falling and it is going to get much worse. The largest consulting firm on the planet, Armstrong Economics has computer models that track both domestic and international capital flows and make forecasts without any human intervention. Back in 2011 they forecast the Dow would hit 22,000 then 23,000 and then to 38,000 to 42,000. The first two targets have already been hit. The models are forecasting that the worst for the Dow is a normal correction at a maximum 8% before moving higher all based on capital flows. The models are also forecasting that in 2018 both the Monetary and the Sovereign Debt Crisis hits there along with the pension crisis. This will accelerate the capital flight out of Europe to the US and cause massive dollar strength. There are simply few places left to park capital where there are huge pools of liquidity.
        Regardless what Willie says treasuries are in great demand. Countries do not like to hold large amounts of foreign currencies as they pay no interest. They must buy treasuries as they are extremely liquid and pay interest and are the second most liquid market on the planet behind currencies. China is a least 10 years away from having a large bond market that is liquid enough to compete with treasuries and this is when the dollar and treasuries start having problems and not until then. They are the only game in town and that is why the international financial system is flooded with them. They are like cash paying interest.
        China was forced into currency swaps with their trading partners because the strong dollar was increasing trade settlement costs. This is why no one is going to a gold backed trade payment note as this too would increase these costs. China is also not going to a yuan backed gold system nor are they going to back the new crude futures contract. This is all fake news and Willie has bought into this hook, line and sinker. Go to the Shanghai Int. Energy Exchange website and read the terms and conditions for trading the new contract. Gold is not part of the equation. This is in fact a futures market and like all futures they are used for hedging. This is not a physical crude market exchange. This would increase the strength of the yuan and collapse their exports, their economy and the new silk road project. They know the US would also convert the stronger dollar to the weaker yuan and drain their gold reserves. In addition China has over $22 trillion in liquidity and the total amount of gold ever mined is only at $7 to $9 trillion at today’s prices. Where would they get the gold? In addition this requires a country to constantly buy gold to back the new liquidity an economy needs to grow to to restock what went out the gold window. No country can afford this today even if the gold was available which it is not.
        In addition Russia is not converting the yuan to gold as claimed. Chinese firms actually buy gold from Russia firms. China does not allow its gold to leave its borders. I am convinced Willie just makes crap up.
        What Willie also fails to understand is that the trade deficit is more than offset by the surplus in the US capital account. As long as capital is flowing into the US and not out the deficit is meaningless. His lack of experience in trading any financial market shows.
        Ochelli statement that you can’t make money trading in US markets is simply not true. Again he even admits he is not a financial guy so how would he know if traders or investors are not making profits. In fact they are.
        Silver has been one of the largest scams of the net. 70 to 89% of demand is industrial, manufacturing and retail jewelry. It has moved from a monetary based metal to and industrial based commodity where low prices are needed so products that contain can be marketed and sold around the planet. All of this depends on low prices and when prices rise to a certain point copper is used more effecting demand and then prices fall back. The small monetary demand has become too small to effect price and this demand can now never offset the drop in demand in the above 3 sectors. Another factor is that world trade has been slowing also effecting demand. Also because of the constant flow of new technology the amount used in products has gone down every year. Solar panels 10 years straight.
        Now the petrodollar dies years ago and that is why Congress threw the Saudis under the bus. The whole purpose was to flood the international financial system with dollars and treasuries as this has been firmly accomplished decades ago.
        50% of all trade is still settled in dollars. 75% of all international financial transactions are done in dollars. Banks have lent trillions in dollar denominated loans to foreign entities and this always requires demand for dollars. Now does this look like the dollar is going south? Of course not! Willie is simply clueless.

  2. Jerry Test October 16, 2017 at 1:23 am - Reply

    You still got `1 Aussie listening that I know of! Chuck.

    • Ochelli October 16, 2017 at 2:04 pm - Reply

      You sir are the one I know of , according to stat collection there are some others , Good to have you along my friend

  3. Kenguru October 16, 2017 at 2:24 pm - Reply

    @Evert Zegelaar
    China has 1.37 billion of consumers against 323 million US consumers. If the US dollar is greatly devalued and Chinese Yuan is greatly appreciated the purchasing power of countries will swap. China is not going to lose anything.

  4. EcuadorExpat October 17, 2017 at 2:57 pm - Reply

    Less than 18% of Chinese imports go to the USA.

  5. David Marklein October 17, 2017 at 11:44 pm - Reply

    Jim Willie is a wizard. Anyone who discounts the potential Willie constantly points to, does so at their own peril and is likely already a Sheep among Lions. Nothing coming down the road is even conceivable to the average individual who imagines life will just continue on the same way its been… Even though its been changing at a fast clip for decades.
    Cyclic change, is cyclic and we in the west are cycling out.

  6. Ken hillard October 19, 2017 at 5:56 pm - Reply

    Buy more gold.and then buy mucho gold.then buy gold miners stocks.when gold moves the gold miners will move much faster verses physicall gold.At least that’s the way it’s supposed to work.

  7. Kelly October 23, 2017 at 9:53 pm - Reply

    I could do without the crappy music and BS for the first 5-7 minutes, and then the same crappy music at the end/ Really, you might like the shit music, not everyone will.

    • Ochelli October 24, 2017 at 12:07 am - Reply

      So what would you suggest? or is this just another screw Chuck message for no other purpose? 1 thanks for listening , 2 feel free not to 3 really , feel free not to … Namaste

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