From 2014. He makes predictions which have not come true yet but it is probably only a matter of time.
greetings everyone this is will with perpetual assets thanks for joining us today very excited to have a gentleman on the line who in the hard asset community is somewhat of a household name mr. Jim Willie of the golden jackass he is editor of the hat trick letter which is found on the website the golden jackass Jim how are you sir I'm doing fine I'm out of my office but that I've got a computer in front of my face and isn't technology wonderful it sure is mom Jim I'm going to fire away her because we got a lot of great content to cover today again thanks for joining us as I mentioned you are the the editor of the hat trick letter tell us what is the hat trick letter how did it begin how did it how is it since evolved well in a nutshell the hetrick letter is a newsletter about the destruction of the global financial system and that was how I pitched it way back in the start almost ten years ago i'm about to have my 10-year anniversary it started in April of 2004 bad money push it pushes out good money that's aggression law and I've been operating by that as a motto in other words if you've got good money and they're putting out papercraft money garbage money toxic money tainted money you're going to hide your gold you're going to hide your silver you're going to hide your your jewels and your coins and you're going to use their crappy toxic money as much as possible because later on your true money is going to come to the surface and be properly priced this all started ten years ago when I got laid off that's funny I got laid off at a job doing marketing research and you know I enjoyed the work I love being a market research analyst and analyzing reams of data big data sets but I had written in 2003 and for some public articles I came to the realization from my reading following the tech telecom bust and 2000 and the aftermath and 2001 I came to realize you know this isn't meant to be arrogant or anything but I came to realize that most economists were stupid most economists were hacks they were deceptive they were they were harlots and if you look at some of the popular economists out there they're really promoting their big bank they're the position the themes of the big bank their their marketing agents they weren't economists they weren't judged by the accuracy of their forecasts because they were almost always wrong they were selling the products for their Wall Street company or they were selling the US government's asset which is Treasury bonds I came out with a series i think that the biggest hit series i had was a is called ass-backward economics a four-part series in 03 and early 04 it was about unorthodox concepts that don't seem right like low rates don't stimulate they don't stimulate anything except speculation in Wall Street low rates harm the economy from slowing down the whole process of deriving income off your bonds the pension the pensions are hurting the insurance sector is hurting another point was the lack of industry in the United States in the economy made it so that low rates weren't stimulating capital expenditure and business formation unless you're talking about Asia I it focused on the whole concept of consumption the morons on the financial press talk about well consumptions good I we got to get money in people's pockets no consumption is bad it consumes capital and it does matter how the money gets in their pockets it's not from legitimate income it destroys a system another final point I made a lot was at war is mutually destructive so I made a little bit of an improvement on my jackass image back then writing public articles but when I lost my job I launched the newsletter and there were some steps in between like an introduction with Kurt Rickenbacker the Austrian school economist he was an 80 year old fellow living in the French Riviera and he invited me to come visit so I did he was a very it's hard to be fair but he was very tough fellow I mean he may have been the eminence Austrian school economists you know from the von Mises school but he was very interesting to talk to we had great conversations over dinner over ice tea on his patio but it was a very dislikable fellow he was nasty as hell I mean he'd made his maids cry he insulted me in the first five minutes insulted me later and I could go on for an hour about his strangeness but a big a big step happened with the hat trick letter when I got invited to attend and be a speaker at the cambridge House conferences in Canada two per year in Vancouver one in Toronto one in Calgary which I didn't like very much Calgary is very isolated nothing going on there a lot of strange people in the street to that kind of scary so the the conference added to my list of contacts and and I came to learn that after three or four years three years of the newsletter where I was focusing on economic concepts and just a lot of strange things like for instance the inelasticity of the gold market where it's pretty obvious that as the gold price rises demand rises well that's not true of television sets nor is it of sports equipment right and then the other side was that supply was inelastic as the price went up I forecasted supply was going to go down and my reasoning was real simple for instance that the hedge books the forward sales for the big mining companies they were going to turn disastrous and drain money from their coffers and affect their projects so they're going to cut back on projects there was an unanticipated in elastic element to the gold market supply side and that was well as the mines become more valuable to governments and you're going to start confiscating the properties so supply is reduced and they would get the whole labor issue to as as the price went up laborers were saying hey wait a min we want a piece of the action so they go on strike and supply went down in the actual newsletter I had what was called the macroeconomic report and then the gold and currency report to reports each month but after after layman fell a couple of changes came about I went to create a crisis coverage report which soon became quite interesting regarding the sabotage of the Gulf of Mexico anyone who thinks that was an accident is a total moron I mean a gullible fool or a total moron it was a sabotage by halliburtt they had a gigantic list of in a portfolio of land side fracking and other drilling contracts so that when the Gulf of Mexico was shut down Halliburton made a fortune but the crisis coverage report i discontinued when Matt Simmons was murdered Matt Simmons had old Halliburton connections before Cheney got there after Chaney it turned into a crime syndicate pillar and Bastion well Matt Simmons was talking about how Halliburton was responsible for the deepwater horizon and he was dead within 10 days he drowned in I think about 18 inches of water yeah in his hot tub so I discontinued that and and then I realized you know there's no sense there's no sense with the macroeconomic report to forecast breakdown in the US economy and a breakdown in the US housing market breakdown in the banking system with insolvency they all happen so I changed the first report to a global monetary war report where I focus on the preservation of the dollar and all the crime syndicate activity to retain control of the dollar printing press so now we've got the new normal well where the politburo I'm sorry the fam sorry the US government is in charge of managing the markets managing the economy or shall I say controlling and intervening in the markets and mismanaging and destroying the economy with their new normal of 0% forever and quantitative easing QE bond monetization to infinity both of which I forecasted and both of which I forecasted later to be zero percent forever and qe2 infinity and notice that both are happening we're not going to change zero percent and we're not going to get off this wall high volume they're just going to lie better about tapering mmhmm yeah normal is very twisted well and I've got a list of forecasts that are on the website it's about 19 or 19 or 20 correct forecast with a couple of errors and the voice who is my real big German bull trader contact source of information on a lot of things he told me Jim one of your to forecast is not corrected not incorrect is not wrong it's just not yet to be proven correct so these things take a while to uncover I've had many many people tell me well years past and your forecasts all wrong you're stupid and I say well when it turns correct I'm sure I won't hear from you ever again right and they take time to unfold this room egga forecast these are geopolitical important events and there's so much going on but we're we're on a path of destruction and people should know that we're not in a recovery it's so blatant they're now calling it the non recovery recovery I call it right economics right finance is propaganda this open that playbook it's fitting it's certainly fitting I mean you mentioned the new normal you know plunge protection team it is it's all a song-and-dance Act or a big propaganda machine to to keep to keep this system alive to keep the petrodollar alive and I won't it won't succeed it's just breaking right in front of them and the voice has had a phrase for me that he used for two or three years he said the entire stage will collapse that they're standing on right and the pillars are the currency market the banking system the gold market and and various economies right potentially emerging markets etc regard regarding your forecast Jim and again for those of you listeners who don't know Jim's work I would strongly urge you to check it out it's four cats have been phenomenal your forecast about retirement asset confiscation of private pension funds like 401ks and iras appears to be on the verge of coming true given the many correct forecasts that you've made on monetary events of the last decade or so where do you see this particular one going well to begin with I got great hint on the pension fund confiscation because it was a year and a half ago or two years ago there was a story out about how the Senate had a proposal to confiscate 401ks and Ira the private pension funds they had a plan to confiscate and force them into treasured bonds because that would be very helpful in helping to finance the US government deficits they thought that they could bring in something like a hundred or two hundred billion dollars a year and enforce treasured bond demand and any of eight they dreamed further anytime you have these politicians thinking about solutions you really gotta run for cover because they not only talked about forcing investment on the margin but they talk about gee why don't we we could actually confiscate the whole pension system and that would cover the Treasury debt that would cover the US government debt I mean back then it was 15 trillion or 14 trillion and that's roughly the size of the u.s. pension system counting the annuities counting the defined benefit and the guaranteed noi caught in the defined benefit and defined contribution that's it but also the corporate managed pensions like you know your company I used to work at a big computer company and it got bought out by hewlett-packard eventually compaq and then hewlett-packard so hewlett-packard owns my pension it's not huge I worked for 13 years with that company that was back when making 30,000 40,000 dollars was a lot of money in the 80s a lot of money but it was good money you could save money and buy a house try that now on thirty eight thousand dollars but anyway the global backfire I is is coming and you really need to think when you're talking about these pension funds you need to think about why do they need to do this why do they have to form new demand why can't they just rely on the system to provide demand to lap up the US government debt securities that are coming online and must be bought well the problem is that the demand has gone away right the problem is bed is the main demand the Fed is now buying eighty percent or more of treasured bond issuance and roll over which means you take a two-year or three year Treasury bill and it expires it matures well they don't want to pay that off they want to borrow it again and roll it over they don't pay off anything right Oh with the QE and it's artificial hyper monetary I caught toxic demand it's all toxic paper they can't continue because they've done this enough for two years and they've caused some tremendous problems around the world raising the cost structure principally food and energy but you know take a look at Egypt Egypt's a great point Egypt was not about the public stirring up against a dictator and stirring up against you no more for more freedoms and more Islamic expression no it was not food prices food prices because the Fed's monetary inflation had caused a back background response in a powerful manner raising the food price so he raised a food price around the world what you do is you get some instability in the countries that have the highest percentage of their income being devoted for food and that is the Arab world eighty percent of there goes paper food United States is about fifteen percent and that number is rising so you know couple also the Iran sanctions workarounds and a few little countries a few important countries like India and Turkey and Iran or getting involved in alternatives for using Treasury bonds dollars to pay for crude oil and natural gas so at the same time the QE was going on the Fed covering the supply of Treasury bonds these nations in the east and then led by China and Russia but you really got to focus on on Iran turkey and india for the fulcrum the crowbar for gold trade settlement some people call petrol gold so all this demand went away and the fed has had to come up with some new ways to cover the demand and notice a few months ago the Department of Treasury took away dollar direct dollar responsibility legally from the Fed is also that the Chinese have bought the jpmorgan headquarters that's the story in itself we won't get into but what it's leading to what it's pointing to in the direction is that we're going to get the Chinese managing with IMF International Monetary Fund they're going to be managing the dollar on a foreign held dollar basis and US government is going to I think print a new launch a new what I call Shh dollar on shit dollar and I hope you don't edit that out the new scheisse dollar is going to force pension funds into purchase of these special Treasury bonds and the special Treasury bonds will be of the new scheisse dollar there will be toxic Treasuries that nobody wants and they'll be toxic mortgage bonds like Fannie Mae and FHA all these different alphabet soup that that fall under the wing of Fannie Mae they're all toxic they're not only talked at their fraudulent right kill III will was all about covering the fraudulent Fannie Mae bonds as fast as possible so these special US bonds US Treasury bonds are going to come out and I think they're going to see a tremendous new influx of purchase from private personal pensions the guinea pig right off the bat is the tsps I don't know exactly what it stands for i think its Treasury something program for federal employees uh-huh the federal employees are guinea pigs they have no choice they also have very few skills they can't exactly say well I'm going to go over to a rival company where there is not and they're covered by civil service so they even the most inept will stay on forever so these guinea pigs are going to produce the channel they're going to create the system they're going to ice the mechanisms by which later the next step will take place and that is force conference confiscation of 401 K s IR and Toews all these personally manage things were you know some of them might be in Treasury bonds but G in the last two years you think even smart investors with an IRA have decided gee I really like that 0% i'm going to move all my money into Treasury bonds now they're moving out of the Treasury bond that's part of the problem and they're going into this stupid-ass stock market is being supported by the Fed very much out of their charter operating with the Department of Treasury so a lot of things are going on and I think that I think that these toxic bonds are going to expose the US dollar and for its its requirement to split there's so many pressures that are requiring it to split but basically the United States cannot devalue eight dollars held abroad in foreign hands just think of Singapore Hong Kong Panama and Switzerland they can't dictate to those dollars right they can't call them home and say we're going to switch them they can't convert them to the new dollar the shit dollar the shakes dollar the taste is driven for shit by the way so at the same time you got a lot of indirect exchange going on where my favorite story is that Rosneft which is a giant Russian energy firm twice the size of ExxonMobil they just bought out the British Petroleum stake of tnk a big not a huge but a big Russian firm and 55 billion dollars will be paid off to British Petroleum shareholders and Russia's already announced it was they're going to do it with Treasury bonds that's a third of the Russian holdings Wow not only that but the Chinese come along and say okay we've got all these oil and gas pipelines coming from Russia to China to defeat our our economy we're going to make a 30 year commitment with Russia we're going to help them finish off some of the legs for the pipelines to reach the Pacific coast where LNG facilities are going to be built and we're going to finance all this both the new construction and the the annual purchases of oil and gas what I go at all china says let's Treasury bond so they send them to London where they cannot be refused because lemon can't say wait but these are Brazilian bonds we don't want them know they're going to be US Treasury bonds and they can't refuse them because little do Americans realize United States is a British colony so a lot of things are going on and I think we're finally going to see an uprising you know just a lot of mal content coming to the surface from the American public saying wait a minute this is my pension this is what I need to survive is what i need for my retirement and it's going to be first in line for the devaluation and furthermore here's a weird question that came to my mind one day when I was just staring out the window if I bet at an IRA and it's forced into these queer toxic new treasury bonds and I died can I pass that on to my wife as air I'm guessing it'll be the US government as the air well well that would be quite a change in the just a logistical legal structure of as you well know of the private pension system you know I mean even even certain states protect spousal benefits on on retirement accounts where the spouse has to sign if anyone other than the spouse is named as the beneficiary but you know you're right with this new normal to use that word again who knows anything anything is possible right well yeah I'm sure there's a provision in the patriot act that allows them to do this absolutely those wealthy as a patriot act by the way the the nazi manifesto the Gestapo manifesto it's it's not me not people later wait up yeah people need to wake up these are Nazis under the people running as financial ministries and much of the government with elements of the security agencies in parts of the military these are Nazis the fingerprints are everywhere their patterns are crystal clear and their favorite activity is to control the money control the borders and a steal foreign central bank goal because i doing oh the good old Rothschild way right I don't really associate it with Raja I associated with Nazis you know there might be an overlap there but these these are these are Nazis that well you know I don't mean to be too quiet of course they're they're very interwoven with you know the old elite family names and then the Nazis are the present day tools for getting the job done for the elite right I mean they stole the US central bank gold and the US public not even five percent of them seem to care wait I've had a brother who's a Phi Beta Kappa economics bachelor's degree holder with the political science double major he's never once followed up on anything period about central bank golden fort knox missing nature of it where is it now independent audits nothing zero absolutely nothing nada yet so even the intelligent Americans don't care much about money my joke that I give to my family and friends is sorry but you're so ignorant you don't even know what money is I've got some right here I said no it's not that's legal tender put the slave note for proving to me you don't know what money is and and you know it's almost hilarious if it works or tragic yeah it is it's it's sickly sadly tragic Jimmy I have tried to explain to people how the government will justify the pension confiscation based on the tax deferral benefit right arguing that there the fun is due to taxes never paid even 401ks I mean we run into numerous clients that are you know in an active 401k with their employer that they've paid into they're not a hundred percent vested but again the majority if not all of the money in there is theirs but they to access it they can't even roll it out into an IRA they have to quit their job or you know completely completely pull out so anyway that's a side note there could you expand on the concept used to justify the confiscation via via the tax deferral sure just give a quick preface so to get to get your mind right as to how they employ leverage notice that in the past it's no longer true you do not have a hundred-thousand-dollar insurance coverage for your deposits in a bank no longer true not since the bail-in laws have been put into place but in the past they had the FDIC insurance and because of the insurance they said well we can then therefore dictate all the rules for bank deposits and they use the leverage for the insurance the federal controls over deposits to change everything on to bail in confiscations and bank bond corporate bond there's a quicker bond for banks every major bank has corporate bond well they're now in line for haircuts and depositors are in line for haircuts in nineteen I'm sorry in 2005 there was the bush bankruptcy law reform and again most citizens just focused on the elimination of chapter 7 to wipe out your debt and the integration on a complete basis of chapter 13 to restructure your debt and never to eliminate your tax obligation all right the public focused on that but what they forgot to focus on was the bankruptcy reform act and how it redefined corporate financial firm bankruptcies and what it did was it defined and brought about a reform change hardly an improvement but the change was to make your deposits suppose you had a million-dollar CD to a bank well it was changed to a loan an unsecured loan to the bank that they will give back to you if they feel like it and if they can with some interests and the interest might be zero if they find it necessary to make it zero okay that's all prelim but the baylands are an interesting story in themselves i don't think that the Cyprus story was about bail and confiscation at all that's another big bank story and I cover that last year in the Hetrick letter but that was an attack on the Russian banks in Cyprus one of the biggest banks there was gazprombank the natural gas giant firm from russia but i think these these bail in confiscation threats are really a I think they're there now protection to make sure that the US citizens and the government the politicians the mavericks and government don't go i'll go wild and start forcing liquidation of the big banks because hey you try to liquidate us and we're going to steal all your money right in the form of the bail in all right so we got these federal workers acting as guinea pigs and why why can they do that well because first of all the government workers work for the government and second of all their income was tax deferred that's a very important point that that runs parallel with the FDI insurance FDIC insurance for bank deposits if they've got this deferral of taxes that means that the government's hooks are already in there and are well placed so they dictate how you can use it they dictate whether you will be permitted or not to invest as you see fit or whether they'll change their mind and say well you know unless you want to pay a huge tax with the ten percent fine that we might double because we feel like it right unless you change and do what we tell you you're going to pay big tax so what we're going to tell you to do is to invest in these new special oh they're going to be pretty and I'm sure they have some nice ink and there'll be some great propaganda and there'll be a couple of speeches by our third world president and they'll make it all sound really good and they'll try to you know use the support for patriotism and you know helping your country and bringing some fiscal soundness to the system and you know kind of the war bonds were two World War two the second step is going to be a little nastier and with the bigger I think outrageous blowback from from the public and that would be the confiscation force investment of the private personal pension funds the IRA 401k tos and you know in the margin is the annuities now there's a good trillion dollars of annuities out there or more I was going to ask if you had an idea on the on the the total amount of annuity money out there and again annuities are I mean contractually locked up with it with it with an insurance company so that seems to me even another another layer of unnecessarily protection but but you know another layer from the from the from government intervention I don't know yeah well they think they have their plans but here you hear some volumes that make sense but I can put on the table to understand the scope of things I did I did some research and found that the US as a whole has about 17 trillion dollars in pension funds of all types okay I'm including defined benefit I'm defined contribution managed the personal the federal and add to that oh I guess it's another two two and a half trillion for annuities so it comes to 19 and a half trillion our pensions and annuities all combined and then I looked at well what's the growth rate well it depends on the economy but I took a look at the last few years and it seems like it's somewhere between 700 billion a year and one trillion a year increments to that entire pension system I think we're going to see and given there's no recovery in this non recovery recovery of a recovery given the duress which I like to identify in simple terms we've got payroll withholdings for the IRS that are down we've got electricity usage which is down we've got freight shipments which are down we've got trucking miles which are down so I'm guessing that we might have maybe only about 400 or 500 billion dollars increment to the whole pension system across the United States so that would be sufficient to cover a third to a half of the US government deficit no longer having to rely exclusively on the the Federal Reserve and the QE no longer having to reside rely on the the secret of high leverage interest rate swap derivatives which are a story in itself for you know 40 minutes and some other day another interview and also notice that very contrary to the charter the Federal Reserve has a primary directive now of supporting the US stock market I they use the working group for financial markets which is a kind of a committee between the Department of Treasury Wall Street firms and a couple of other entities like the Securities Exchange Commission whatever and then all that has spawned high-frequency trading and other insider trading and and just as the colossal mess of corruption so I believe we're going to be on track for the federal employees to be guinea pigs then comes the personal pensions and then will come when corporate pensions which I think will be the most difficult of all to win for for forcing conversion into treasure bonds because they own a mountain of stocks right a mountain of corporate bonds and a mountain of commercial property along with with other things like like even save energy deposits watch a couple of a couple of different we call pension funds CalPERS sorry for squeaking ha ha CalPERS which is California pension and the Texas teachers union it's the two largest US states those are the two biggest statewide pension funds that are managed and CalPERS is already in a lot of problem problems because they own a bunch of municipal debt likes likes a Riverside California and they having to write down some of their city municipal death city and regional county municipal death another another firm fun to watch is tiaa-cref and I thought I had more money by distant research and founded it has approximately 500 billion dollars under management again stocks bonds commercial property and some other special investments like Energy deposits the tiaa-cref is designed for the oh gosh I'm not exactly sure but it's I think it's it's a few hundred thousand employees from retired employees from academic positions and research institutions just in the last 10 or 15 years they included research institution because it used to be just for academia my father contribute into it for over 25 years and my father is confounding the the system few people realize that the average number of years will for collecting on a pension is three years in the United States then comes death three years my father is up to 26 years wow and he likes to say Jim you may not get any of your social security back I was wrong about that we had an argument in 04 05 and I said you'd get your pension well I'm sorry your social security checks but all right may not happen you're going to get mine so you know he gives a gift every year they the gift that keeps on giving Russell it's going to be very interesting to watch as they make the steps from the federal employees to the IRA 401ks and then to the manage corporates so each time they make the next step there'll be much much greater incremental objections and outcry and legal challenges well and as I said patriot law changes everything the Nazi manifesto you're exactly right that's kind of where my mind initially goes well if the okay once this becomes more and more and more of a reality why wouldn't people just take the hit cash out well into your point well why wouldn't the government just double the penalty from ten percent to twenty percent let's not forget they can change tax rates as well pretty easily so you could be looking at a twenty percent penalty and at that higher tax bracket you know damn there goes seventy percent of your of your savings well not only that one it would be a yes yes of that savings in the the private pension to function right yeah they could so much more deviously as as they show their methods they might put the incremental increase to your penalty going to contend at twenty percent or even twenty-five percent they might put it on as a writer for some federal legislation which includes some benefits like maybe extending jobless insurance getting it back to 90 weeks right incredible incredible Jim how do you see the next stage of the crisis unfolding I could it could it center on an interest rate swap derivative meltdown high frequency trading gone awry girls gone wild I think of how frequency trading cards of precious metals comex default a rejection of the petro dollar I mean I could keep going on and on and on but what are your thoughts can you expand the nets in that space well the Wonder you mentioned we've already seen I don't mean to minimize them because each one could return with a vengeance in much more powerful manner but we've already seen some toilet flushes and and and they don't seem to really get rid of the feces in the bowl we've already seen high frequency trading the fat fingers it was nothing more than exposure of Wall Street insider trading but defense events continue we've already seen interest rate derivative meltdown that's what the the London whale writes all about not quite two years ago I was June of 2012 and it only took me a few hours or a day to conclude that that was not about as they said as JP Morgan lied they said that was about southern European sovereign bonds that went bad no it wasn't because the three-month period for those supposed losses the three-month period that they referred to all had improvements on the French government bond Italian government bonds Spanish government bond the Greek government bond has the biggest improvement of all know what happened was interest rates went from 1.5% up to 2.3 percent and that was a shock wave to the interest rate derivatives if they like to keep hidden managed by the Department of Treasuries exchange stabilization fund done by the JPMorgan CIO the chief investment office alright so we've already seen some of these things happen we've already seen defaults on the comics me take a look at some of the details you'll see that since June of last year the BIM no deliveries to individuals on gold and silver futures accounts they default it all of them in fact they've used coercion and threats I'd love to know what the threats are so that if you demand the delivery they say no you're going to be forced to do a cash delivery mm-hmm cash value on their suppressed gold price so if they think they go man what they're doing is just doubly illegal they default on the contract and then they give you a cash redemption on an artificially low price now they're running out of time in there they're running out of opportunities here we've also seen big banks insolvency and that's not stopped the system from continuing but I've got a little Theory here and the theory is that for the last year and a half or so these derivatives are now starting to dig in deep and cause problems and losses for the big banks and it's hitting them with their liquidity their insolvency has now turned to liquid at the same time they call a capital shortfall for years ago after layman they weren't talking about capital shortfall they change the accounting rules in in April first 2009 Financial Accounting Standards Board dictated that okay these big banks can tell us whatever they want is the value of their portfolio because they were insolvent so they got rid of the accounting problem now they cannot get rid of the the liquidity problem they cannot get rid of the capital shortfall and on top of that you've got the basal three rules basile two rules which are a whole story in themselves because why would the big Swift central bank of central banks dictate that they raise capital to address their capital shortfalls except to collapse the system while they put in the bail in confiscation which in my opinion means that they're planning for the Western totalitarian state okay what are these triggers all about here's here's a fact that two important bank stories are happening to begin with going to bank for the last several months they've been under Interpol investigation they've been under baffin investigation that's kind of like the German sec commission or investigating bank fraud imagine doing to bank helped France and Italy and Spain falsify their death situation they are counting for death to satisfy the Maastricht requirements for entry into the European monetary union I can't think of a more important fraud for accounting but that's what they did and Deutsche Bank was was the big assistant for that fraud and now i'm hearing the deutsche bank is going to be broken up that's not news but expect them to be broken up into five or six pieces that's what my German banking sources are telling me and I've got a couple there's a second story that that's really kind of important i think it's just in the last week citibank is rumored to have defaulted on a london bank gold delivery i'm not talking about an individual in london i'm talking about a big london bank that once comics gold through citigroup citibank intermediary and they're being told go sit on it screw yourself okay so whoo boy these events are piling up it's like it's like you get these 20 pillars for the main ones on the big global stage and they're all being kicked out one by one and people say well just one more pillar to kick out yeah but if you're any have any experience in building back decks you kick out you know two or three out of the eight pillars and it starts to lean you kick out another and just why you've got 15 people on your porch back deck with a barbecue all of a sudden everybody goes down this is what's coming but there's there's some other things that like to identify these Geneva nuclear talks Iran talks I don't like the name because let's face it Iran is really not working on nuclear weapons they were working very heartily on non dollar energy sales exactly what Saddam Hussein did in Iraq so they were undermining the petrodollar and they had to be painted with a terrorist brush so we prefer to call the petrodollar surrender talks not the Iran talks petrol-powered surrender talk this is about the death of the petrodollar because the iran workarounds established the prototype for this gold trade settlement where indian demand turkish provision through intermediary and iranian supply will undermine and kill the petrodollar and force the US government to make a new shit dollar chase dollar that sounds better choice ball here's some shock waves that many people maybe are not thinking about that I believe are quite real what if we've got Saudi Arabia announcing very soon that they will take euro payments from European nations for crude oil that would cause major shock waves and one that said that one more time Jim what would happen if the Saudis announced that they would accept non-us dollar payment like euros from Europeans and yen from the Japanese for crude oil right okay well that's precisely with the petrodollar forbids okay so that undermine i believe the center pillar behind the dollar okay what if the Saudis announced that they're going to have a massive sale of Treasury bonds that they see the need and you know troubled times and maybe some concerns over the net the validity of money but the stability of money and they want to buy more gold wow that would be a major shock wave Saudis converting Treasuries to go what if the Saudis announced some of the details of what i call the petrol you on it's coming on as the petro dollar goes away the petrol yuan will come on I think it's going to have Russian crude oil pricing mechanisms but done in yuan denominations as dictated on a market basis from the shanghai futures contract which is denominated and you want okay so if the Saudis announced details of the petrodollars replacement in the petrol you one that would cause major shock waves they're more they're more what if the eastern nations announced a carefully crafted petrol you one petrol gold structural situation that is modeled after the Iran Turkish Indian prototype and you start seeing Korea saying well we'd like to use that same prototype or you see the French say we want to use that same prototype we can use turkey as intermediary and we can even maybe get some kind of a discount on that oil by making sure that the payments are done in gold because then the receiving party wouldn't have that currency risk of taking in toxic US Treasuries we could see the gold the global currency reset discuss more in honest terms I have like I have for the Iran nuclear talks being cut your dollar surrender I have a different name for the global currency reset it's the return of the gold trade standard this is a return of the gold standard in my recent reports last three months or so I've had a great deal of discussion about the currency reset what it means here's here's just a couple of interesting little points part of the puzzle the dollar is going to be devalued but the dollar is going to hold its value versus the other currencies well how does that happen well all the major currencies are going to be devalued versus gold which means gold is going to like double in price but if the dollar is devalued how does that happen if they all hold their value together when they get dropped is just gold well it's easy introduce the shit dollar the currency reset involves introduction of the new dollar the scheisse dollar they going to call the Republic dollar or some other ridiculous thing and and don't be surprised if Canada climbs on somehow huh the great reset though I think it's going to come in the year 2014 and instantly assign the United States to what I call the D industrialized third-world a lot of things are coming this is a year of change will big big changes this year it's you know for those of us that have been awake for lack of better words for the last three four five years you know and everybody when they first sort of snapped out of it whether it's looking at the back of the one-dollar bill or whether it's studying monetary history or whatever you know the gravity the brevity of the situation feels just right around boy any day now I mean you better load up with your beans bullets and bullion but but but today I mean here we are 2014february 314 and man does it feel do the waters feel feel unstable what are the wild cards in your mind to global disorder my list here includes NSA backlash libya benghazi backlash IRS rules german gold patriot and paper gold market discussions what else what else do you see well i sing along i agree with you those are extremely big wild cards all of them the gold repatriation demand by germany started some of the giant ambushes that took the price down from you know seventeen eighteen hundred or so 1652 1750 took it down to the twelve and if this is a whole other element to that that we may not be told properly it could be as the chinese demand to jpmorgan to bring down the gold price because they wanted a better price for trading in secretly in the back door their Treasury bonds but the NSA I mean forget forget Benghazi okay the Arab Spring it's becoming clear to those who have i would say advanced intelligence that the Arab Spring has an element of gold thefts to the central bank's that's part of the deal when they went in and took took out Qaddafi and Libya it was just kind of a minor asterisk on the story it's not a footnote that oh yeah by the way Qaddafi had a 144 tonne gold account in London Jim is it sure they'll never see it again Jim is it true that he was also working on a gold dinar an African gold-backed currency or at that hogwash that might be true but I don't think he had the authority or the following me let's face it do you really see could you really see six or eight major Arab nations saying hey mom are you're our man we we admire and respect you no no he was a maverick he was not a leader he was a kind of a guy on the margin that's why killing him and disemboweling him enabled the theft of 144 tons of gold and I found it hilarious following that that the British came out with a statement saying we have a list of 10 or 15 requirements for the coalition of the free Libyan people if you can meet these requirements you get your gold back here you'll never meet the requirements nor will you even be recognized as legitimate spokesman for your nation okay now what we've got going on in the Arab Spring is pushing for the war with with Syria it didn't work our Nobel Peace Prize winning third world president was not able to get the war that he wanted people who is that piece reward I'm a little confused there what they're doing in serious trying to steal their central bank they're trying to steal more gold and there's another side of the whole Syrian mess and that is a Norfolk very large Mediterranean offshore oil and gas discovery where I believe the US and england along with a small Middle East a lie that sits on the southeast corner of the Mediterranean and looks across to Italy and Greece I never like to name them they want the full rights even though that the deposits are in Lebanese and Syrian waters that aid in the news all right there's a whole side to this NSA and it's becoming quite clear thanks to who I regard as a fine man Snowden who put his life on the line yo I have a kind of a litmus test for people they start mouthing off like morons and I said you think Snowden is a good guy or or you think he's a bad guy you think he's a hero or a traitor if they say that he's a bad guy he's really hurt the country he might be a traitor I say okay you qualify as a Nazi so that's a Nazi litmus test and you failed and I don't even think you realize that you're a Nazi because you see a bit stupid at the same time Snowden revealed how the eavesdropping in surveillance has not been done in a constitutional manner the Constitution means them anyway after the Patriot Act aka the fascist Gestapo manifest manifesto know what he really revealed Snowden revealed in a lot of the files how the NSA is not involved in anti terrorist activity as much as it is anti-corporate trade secret activity and that came out my big he came up made me was they clear to me when the data came out on how Australian Japanese trade talks had an element of surveillance by the US NSA cooperating with the Australians for the advantage of knowing what the positions were and the negotiating tactics square for the Japanese and the Japanese are furious and the Germans are furious and I think what we're going to see is my correct forecast it's already correct on us isolation is going to go to a new level of isolation because we're starting to see the multi-billion dollar contracts get canceled there was a 4.5 billion dollar contract for Boeing aircraft on that gosh I can't remember exactly who it was I think was a Persian Gulf nation and and the no no I don't think I'm not sure anyway the Swedish Saab conglomerate SI b car maker but the saab conglomerate one that contract instead and then you had another one follow up with the UAE in the Persian Gulf they had some telecom contracts and they cancelled them or suspended the talks I don't think it's cancelled on the grounds that there was a lot of surveillance software built into the the satellites and it's not part of the specification wow so you've got all these contracts that are think I think are going to be suspended and later cancelled and the u.s. is just going to be put out to dry all right I smashing all these as preface to what I regard as the two mega gigantic jig under wildcards I'm expecting that at least one of the two is going to happen one of the two revelations is going to happen I was told by a great source who has Russian connections and European connections that the Snowden files have information a lot I don't mean like a couple pages i mean like tens of thousands of pages and lots and lots of data details the types of which to get people murdered on the US government involvement with the heroin industry the vertically integrated heroin industry out of Afghanistan using the NATO air bases for distribution US government protection for the poppy fields Wall Street involvement with the heroin based money laundering JPMorgan involvement with the Iraqi export bank used in Iraq in Baghdad for clearing house functions on Afghan heroin sales while the u.s. Street usage of Afghan heroin has gone up from seven percent to seventy percent holy cow now imagine that information getting out I think there might be a desire for a lot of parties across the world to get out of a dollar and to the best of the best their Treasury bonds I'm not sure about that but I got a really good hunch Wow the second and this is going to be more difficult to come out and I've got an idea how it might based on events in just the last few weeks but the second thing is a revelation of involvement direct involvement by Wall Street Langley UK security am I along with small unnamed Middle East allies sits on the southeastern corner of the Mediterranean looking across the sea to Greece and Italy a revelation that these parties were involved in a principal fashion for the 911 attacks it took me I'll be honest it took me about two or three months to figure 9 11 out on its basics here's just a detail about 911 Americans didn't know it they don't because they don't think much there's some that do think and even the ones who do think much didn't think about this the World Trade Center had the biggest bank in the world period besides central bank's the biggest private bank in the world and where was it Jim Hadden right it was in the basement was it not yeah yeah and that's that's what was removed its contents were removed with 20 or 25 trucks hauling out the contents it wasn't just gold bars with bearer bonds I was told a few years later a few years ago but if years after the event by a fellow Michael Cato in Costa Rica because he's got contacts in the US military and the security agencies and the Secret Service the Secret Service has gossip like a bunch of the housewives at a country club they talk and talk and endlessly talk and they move jobs because they get bored and they learn new things and then they talk and talk some more but the World Trade Center it was a triple theft it was an experiment on the use of some very advanced nanotechnology explosives the thermite is is your hint that's already out there and the AE 1000 architects and engineers a 1000 group about 1000 strong group they've already been all over this thermite but the the elements of the theft were a hundred billion dollars in bearer bonds a hundred billion dollars in gold bullion and a hundred billion dollars in diamonds and a very sneaky shutdown of regulatory compliance requirements with the federal reserve for overnight clearing to make sure that a 235 230 billion dollar Russian bond went through and they were they just didn't want to default on it so they took care of it with some slush money I you know you still 300 billion dollars you can cover some bills you know what I mean I mean if I steal my neighbors $50,000 vault I could pay off my car loans you know people just don't think what was the World Trade Center it was a centre for trade with the gigantic Bank mm-hmm okay there are a lot of other things that we need to keep in mind and that is that even though people will start raising objections and and and join movements take a look at what happened to the Occupy Wall Street movement they got infiltrated by the FBI right it was labeled by the FBI as a terrorist organization I think that's astonishing that's embarrassing that's what Nazi nations would do oops I think the u.s. is a Nazi nation my theory is that half of the United States citizen ring will awaken and half of it will remain asleep lost and stupid well how do you ask of me well I'm sorry after they is a reassuring number I mean half you know from my side of the book if I can get you know 100 and 100 and some million people 150 million people on our side of the fence so to speak maybe there's hope maybe you see it differently well I would ask the question how many of those 150 million people have any acts assets at all no true very true I what percentage of them are going through foreclosures for their home what percentage of them have pensions that are going to be confiscated what percentage of them are out of work what percentage of them have gone past their 90 weeks of unemployment insurance what percentage of them were divorced and their kids don't want to see them anymore what percentage of them are already in trouble with Homeland Security for say their purchases of guns recently no these are all very difficult questions and I believe that the nation is lost and we're going to seize new ownership I could go in a lot of details about some of the things that I've learned behind the scenes but I don't expect in a few years if the United States is going to be as you now know it right I think first of all its financial control mechanisms will be coming from long cables reaching to China and Eastern destinations eastern sources I think we've got some very big trigger mechanisms right now the whole world is going through a rejection process of the dollar and it's vehicle the Treasury bond you're seeing that the the petro dollar standard go away and as a result there's not going to be a great deal of need for holding Treasury bonds furthermore these nations especially the bricks I love these these bricks the Brazil Russia India China South Africa i want to ask why was South Africa included there they're kind of small and not too relevant and like my aunt the guy who answered said Jim they still produce a lot of gold right provider to the bricks central bank we heard it first called that the bricks construction fund and then we heard it called the dual side the construction funds and also the brics bank and I think avenges can be called the brick central bank and then it's going to call the gold trade central bank and it's going to be a clearinghouse for Treasury bonds principally in converting them to gold and I think we've already started this it's not something that I say might happen soon I think we've got a few months already in this process because the voice has assured me that I think he's part of the process not a principal part but you know an integral component to the process they're moving a thousand tons of gold out of London and Switzerland per month and the started last April 2012 a year and a half ago almost 20 about 20 months ago we're talking twenty thousand metric tons have already been moved out of London and Switzerland the stories now are a little misleading about how high volume london gold is going two points like Dubai and Shanghai and Hong Kong but with changed recasting of the markings in Swiss refineries that's only part of the story here's the Houston rest of the story it's the answer the question who is gold right they've gone down now to the Queen's gold the queen of England's gold there's the bottom of the barrel for the Bank of England the Queen's gold and this this one took me off guard a month ago I heard information couple different sources three different sources actually the London boys are now rating we hypothesize gold they're taking their stealing the Saudis gold Arab Spring is designed to steal the central bank gold on location in these Arab nations the climax of Arab Spring will be to overturn the government in Saudi Arabia and steal their goal in the meantime just to get things warmed up they're going to steal all the Saudi gold not residing not vaulted inside Saudi Arabia this this is what the Nazis do they showed you their mo in Eastern Europe in World War two with pilfering the check central bank they've shown their methods what's not being revealed too well is how Wall Street provided commercial loans to the Nazis during World War two these these facts will come out and serve as triggers right I expected then when the mayhem really amplifies when the chaos that cause disorder disorder is a nice word I hear of disorder I think of cigarette smoke going up in the air and it's kind of a disorderly movement to gain more randomness know what's going to come chaos and violence in the United States because we're going to see supermarkets run out of food gasoline stations run out of fuel and ATM machines run out of cash as for Humanity having a chance which is a question you've asked yeah I think there's a chance but gotta wake up before you can start preparing you can't really say I've done nothing and I've just had a revelation of how messy the situation is and I'm broken i have no contacts but i'll be all set in a couple months but dream on you're not going to be all set in a couple months you're going to be a very aware victim you better get your butt in gear close out your paper based bank accounts paper-based wealth stock accounts paper-based mutual funds stocks and bonds paper-based annuities paper-based little pension funds cash them out get some gold silver and get it out of any Nazi nation you might reside in gym we could we could go on and on and on we're over an hour right now and I want to unless you have anything else to add I want to respect your time I know you're a busy man and this has just been a bombshell content in this interview so I think I think we've given people a lot to chew on tell our tell our listeners and friends out there one more time where they can find you where they can find some of your more detailed work well if you go to ww golden jackass calm you'll find a website and there's a public button the public button has a bunch of public art it was a bunch of interviews like this and others and they click on click on some of them for you know some background information if you're well along and learning about these things about the corruption and solvency and the breakdown of the system we're talking about systemic breakdown here systemic failure that was so I've got a bunch of forecasts that lists as a fortune I made a forecast button I've got colleague who said Jim I made a list of about six or eight of your big important forecasts that went correct you really should publicize knees more why don't you make a webpage just of the correct forecast so I thought okay I can do that and I added to them and I pass it back to him turn out that they're 18 or 19 correct forecasts and a couple that are either wrong or pending I got one that's definitely wrong I got one that might be wrong the next few months I've got a forecasted the treasure bond tenure is going to go to three and a half percent if it doesn't get there then it's going to be a story why it didn't and the answer is going to be interest rate swap derivatives but anyway the public page has a bunch of articles and interviews they're free but then there's a membership button members button and there's a subscription button so i hope people take a look at what's available for free and eventually in time sign up for the newsletter i run a business the newsletter is called the hat-trick letter we described it in at the beginning of the interview but right now I've got alternating months a gold report and this month it'll be two parts for the gold report it will be the economy edition which as a bunch of different consequences about what's happening with the gold markets and reactions to them that affect the economy and the second gold report is called the precious addition that's about the actual demand of coins and a lot of run-of-the-mill details with some I think great analysis of what's happening in the gold market the Shanghai pricing the differs a lot of different things with market elements and demand elements the other report is the money war report and it comes in two parts the banker edition and the whole come to me please um curtain Elmo darn i can't remember the other monetary or report anyway might be the currency i can't remember but i've got two different monetary war reports and it's on the golden jackass web site is competitively priced I sign up there's a i think a good policy does good disclosure this good list of forecasts i like to come out there with with promotional pieces but i'm i'm very careful about pointing out different concepts in public reports and i don't like to reveal to a public list before i do my own client so i try to maintain the balance there it's difficult at times sure because now I've reached a point where i want to help people to wake up to the realities which might mean that occasionally i'll still a fact that it's not coming out yet but there's a tremendous amount in the reports a lot of details and you just won't find a lot of it in the free articles i I don't explain how I come about a forecast I don't explain the rationale behind the forecast in a public article not not much at all I don't explain how things tie together in the public article way I don't explain some of the longer quotes from sources so there's a lot of analytic detail in the paid reports that I just don't I like to make the the public articles a little bit repetitive a little bit outdated information but supply some new things and encourage people to sign up for the newsletter it I'm going to have my 10 year anniversary in in April and it's about 2,500 people were on board and it's growing every month it had it had some hits it's funny the year when actually backwards was the year 2011 when I think all the sovereign bond problems of Europe and the destruction of the US banking system was accelerating that created the need for QE right so now that we got QE were really on board all the proper elements that make gold a great investment I don't pay much attention to the formal comics gold price I pay attention to what large purchases are having to pay in order to secure and source the gold and right now there's a two hundred to four hundred dollar difference Wow for above and beyond the comics who here's what the comics prices if they don't builder any golden and they really don't have any who cares but the app you know I can still walk into a coin shop or call up my favorite dealer like perpetual assets plug plug and an order an ounce of gold you know at fifty dollars over silver comex spot but but when you're when you're alluding to is larger seven-figure type purchases whether whether the price is hundreds of dollars more yes i'm referring to orders that are saved you know a hundred million dollars worth of gold to be sourced in the next three weeks gotcha gotcha I've got a source who tells me that he has to pull back the reins on his Hong Kong clients because they want to go out and buy five hundred million dollars a day worth of gold and he says no let's work within the system and and and let's get as much as we can at slower attractive prices because you try to do that for three straight days game over it'll be a systemic change that comes about and there won't be any more sub two thousand dollar gold right so this entire pricing system will is very artificial in very temporary and and somewhat humorous i laughs I laughs when I hear some of these supposed experts get on board and an interview and say things like you know even the government shutdown couldn't get in the way of the u.s. u.s. economy recovery Kobe it'll be a less statistics man and it's always good for a little humor so that was Michael Santoli who I make fun of in my report he used to be a smart guy but you know if you want to continue your job and sustain your income on Wall Street and some of the major financial publications you got to play ball you guys you gotta play ball sell your soul yep and become a propaganda megaphone yep well god bless you for not doing that my friend because I you know I'll be a testament to Jim's work e-even even the public information that he's got available to the public is phenomenal and there's a lot of it out there and I think you know if you have the the whopping what is it 20 bucks a month you get a lot more detailed information as Jim and I were we're discussing offline well it's kind of like a magazine me if you buy the sunday New York Times you get entertainment sports finance you even get culinary I didn't really read the culinary much I didn't read often the entertainment but I I read the news politics the finances I didn't read the funnies I don't read that stuff i watch movies I have real real entertainment but you know I it's like a magazine and sometimes I get a client who say Jimin there's a lot of material there I can't read it all I said and don't don't mean it might be six chapters this month for a report read your favorite four chapters in maybe in a week or two print out of chapter and take it with you to a BBQ with your in-laws that's all I be great that's not a great idea well you know I like innovation I do I take articles and I go out to a park and sit under a tree mm-hmm so there's there's lots of opportunities you don't need it's not possible to read everything i'll do i'll give readers and and and potential clients and listeners a hint I cannot read everything that's out there so I don't I try to set the priorities I move articles and emails into a special folder I review the folder later and try to pick out the most important ones I don't read all the articles I don't read all the opinions I look for the ones that in the past have been valuable to me which means I no longer read that moron passing as a smart guy called John Mauldin muddle through John moron Malden we're not muddling through anything John I don't read too much when it comes to forecasts for Michael shedlock because shedlock really didn't understand that the gold market in the currency markets were rigged now he's got an awakening I don't really read much of ackerman anymore because anyone who relies on the charts is really lost as we got some nonlinear movements here it's now I don't really have a great deal of charts like I used to from 2004 up to about 2011 after two thousand ten or eleven I i started including fewer charts far fewer charts because i don't care about a pattern in an artificially controlled market right I care about the forces that are going to render the comics an empty room hmm and that's my emphasis it's a it's much more the analysis of the gold market and its its structural underpinnings now rather than technical patterns and price movements I care about things like the shanghai gold futures contract always having an arbitrage big a premium over the London and the New York price oh why is that right I look at I look at an interesting thing in the crude oil market why was there a fifteen to twenty dollar higher price for the brent crude oil and now that's converged with the West Texas crude oil price mm-hmm well here's why the petro dollar is going to die that's why i put the hit the end of the petro dollar and the Saudi great arrangement for petrol surplus recycling in a Treasury bond game over so these are important points that I investigate and that's how I stay on top with correct forecasts I don't get fooled easily and I'll admit to you something when I was a kid in college I was a drug dealer of marijuana I had to stay sharp I had to know who the narcs were I had to know who the dangerous people were tried to come over to our place I had to be smart I had to understand criminal element and that and I assume it's going to be an important part of this criminal enterprise known as US government finance ministry and energy market and by the way I've got 26 and a half almost 27 years we're all that stuff the drug world is behind me and what stayed with me is the knowledge of criminal systems I found the Godfather television I'm sorry movie series to be very enlightening and teaching for instance well you know if a guy turns and starts flipping and cooperating with the law you got to kill them and therefore bankers dad just in the last two weeks mm-hmm we're the five other than tally was up to 50 well you know get back get back to me and June and they'll be 20 yeah yeah we've been on that we've been on the line here for almost an hour and a half there may have been one this morning we don't know about that's very funny you're a funny man will well you know it rubs off Jim your humor above that's for people to understand who's being killed now are not the bad guys right right these are guys who are middle middle level people who know too much and are starting to cooperate with Interpol serious fraud division and they're being knocked off given by the Mafia so as to prevent exposure of Vatican financial crime right so these are actually these are actually whistleblowers before they actually are able to become a whistleblower being silenced well they've already revealed some things right don't become a whistleblower and then keep the status without revealing know you're revealing every single day right right with the blower so these people got on a list for his squad and I'm I've come to learn from a fellow named Steve quale who's not a source of my he's an independent writer he believes that there are 34 men and when most men who are about to get knocked off holy cow they know too much well yeah yeah you know what's going on is derivative fraud having to do with the forex currencies LIBOR interest rate markets and the gold market and what push this out into the surface is the prosecution's behind Deutsche Bank I was warned my newsletter subscribers were duly warned a year and a half ago Deutsche Bank is under scrutiny deutsche bank is going to contribute toward revelations of banker crimes deutsche bank is going to reveal a lot of different inner workings that involve a lot of shady organizations including the Vatican this is the Vatican is the Nazi network the Vedic pedophile sexual perversion satanic network I've got a friend of a friend who I met and in a shilling conversation and Thanksgiving of 2009 we're just talking the gringos get together and during holidays because all the gals go home to their families so the gringos get together in the holidays and this fellow told me Jim I had an internship at the Vatican Wow to go I said how that turned out he said well I quit after after you know 18 months I didn't finish the two years so watch quit so I came to learn more and more and got more penetration myself in the the Satanic global communication system it's a it's a network of covens that they they coordinate the communication for and have rituals and hey you know maybe they have some child sacrifices in the bankers quarters of the Vatican and it's put online for the private network paid subscription with it pretty sacrifices of children wouldn't this but the back wouldn't it wouldn't it be something if the hackers the anonymous or you know one of these groups were able to to retrieve that type of data good luck Yeah right so why'd you quit what did you go through at the 18 month mark that made you quit because you could have gone farther you could have learned more you could have gained some contacts you could have gathered some information you could have stolen some files and he said I started having sleeping disorders with the you know diabolical kind of kind of nightmares and paranoia set and I thought that was going to be murdered yeah yet so there's some real life consequences for penetrating places like that and what I try to do and I mean this very sincerely I avoid the details I get a superficial level of information and I move on I don't have any information about movement of nahco heroin bricks and and offshore banking roots and bank accounts and intermediary people no those are the people who are at risk right you just got the 30,000 foot overview yeah I like to get the binoculars out from the airplane when I bet pass over and take a little intercom transmission from the voice or two or three other sources like Kate oh I've got a great source of London banker named euro Raj who comes from the Iran turkey India triangle with the inlaws in that area and he grew up in that area I like to take information from them and spill the beans a little bit to clients and assure them don't investigate this further just be aware of it right right good advice good advice Jim I you've been even far too generous this morning with it with your time really really appreciate it love to get you back on the on the show saan down the road and reassess what the heck is going on in three four five six months from now if time suits that sounds fine let's do it awesome gym what will thanks again again golden jackass calm is where you can check out Jim's work including the hat trick letter and again as you can as you guys can see he is full of information so check it out Jim thanks again for joining us man really really appreciate it my pleasure I hope to be back sometime soon thanks Jim
