Jimbo, we are live. Welcome everybody to the untold history channel. My name is Ron Partain and I am joined uh as I normally am monthly by the doctor himself, Dr. Jim Willie. Heavy on the doctor. Uh last last month was a little bit of a crazy time for me. Um my uh my my mom actually had a stroke and uh Jim actually reached out to me, but I didn't see the email. So, um, my apologies there, Jimbo. I did not, uh, I was not ignoring you. So, >> yeah, I understand. Um, >> but, uh, >> that's a family that's a family crisis.


>> Yeah, it actually it's it's it has been a it's been lifech changing in many respects. So, uh, but, uh, you know, some good, some bad, obviously, but, uh, nevertheless, um, you know, as I say, the show must go on. And, uh, there is quite a show out there. And guys, I I just I'm I'm going to I'm going to reiterate this. I do this from time to time that, uh, uh, Jim and I speak usually fairly frequently, and when we do, we are, you know, we just go. And this is going to be much more


conversational than it is um me asking him questions and then him answering them, although that will transpire. So um but we will both be participating in this conversation. It is not going is not basically a one-way uh thing. So, uh, >> fine by me, Ryan. >> Getting that out in the open ahead of time because so many people get pissed off at me if I even remotely try to uh, not interrupt, but sometimes, you know, >> join >> join. Thank you. And you don't you very sometimes you barely come up for air.


So, it's it's like I try to I I try to like time when I'm going to say something. So anyway, that's that that is out of the way >> and uh we are um um as you said that there is no shortage of stuff going on happening out there. >> Um Ron, we're seeing history being made. [clears throat] There is no um there's no doubt about such a claim. Uh we're seeing the European Union fall apart. We're seeing the Democratic Party fall apart even though they won the mayor


race in New York. So what a Ugandan won and his p primary constituency is illegal immigrants. So I mean what a what a gold star that is for the Democrat party. Meanwhile, we got sanctuary states and sanctuary cities that are involved in direct treason. We have a rejection of the king dollar internationally. We have a transformation going on for the uh the digital financial system. Uh, we have stable coins coming into existence and I think Tether in a very unusual position of being the beneficiary of funny money creation


and and with their funny money, they're buying gold to back up their funny money creation. Oh my gosh, this is so wacky. And now we got a revolution in England. I mean this is this is beyond normal. This is like three or four standard deviations away from normal on the global scene. Um [clears throat] >> I'm not sure I'm not sure where you want to focus today, but I sure love talking about XRP and and I was working I was working on this. >> So here we are. >> Hey um


>> there a lot of there's a lot of fraud out there. They're stealing our content. >> I know they are. I know [clears throat] they are. I I've challenged two so far. I said, 'What was the name of my doctoral adviser at Carne Melon? [snorts] What was the name of my last uh manager at Staples? What was the name of the idiot for my first quality control manager at Digital Equipment Corporation in 1980? If you can't answer these things, YOU AIN'T ME. SO, GET OFF GET


OFF THIS. >> YEAH, the I I I completely understand. I completely understand. Uh, you know, I I I've I've come to realize that when people take our the content that you and I create and they upload it for themselves, um, you know, you know, they can they can try to conceal it all they want, but at the end of the day, you know, it's um, it's it's, you know, it is theft, >> but I mean, I I can't control it. >> Ron, there's something that's interesting. if they say, you know, this


is a platform to follow Jim Willy's work or to discuss some of the forecasts that he has out there or to to engage in a conversation in a big room with some of the analytic points that that we make, that's fine. But when they say, "I'm Jim Willie and let me give you some advice." >> Oh, I Oh, I Yeah, I didn't I didn't realize that that's what you were talking about. So, Well, I I don't mind so much taking content because people know that it's it's from the golden hyphenjackass.com.


It's indirect promotion. All right, enough. >> You can't you can't pretend to be me. There's only one me. You know what's really funny? Very few people can imitate the way I talk [laughter] >> because I talk quickly. I talk with with density. I make big points. I I don't put people to sleep. people can listen to me for an hour and a quarter and and stay you know attention attention attention but you know I I really think there's a lot of fraud and and the last


30 years had brought about a tremendous degradation of honesty and integrity in our entire country. >> Right. I agree with that. Did you see the document that came out on the White House website about the national security strategy strategy for uh um 2025? >> No. >> Did you did you see that document? Yeah, it was really interesting. Um basically just a few few few minor points. They talked about uh Trump was going to reinstill the Monroe Doctrine and with a Trump corollary is what he called it.


And that essentially was I I view the Trump. So the Monroe doctrine was was really designed more for um European um involvement in the Western Hemisphere, but I I view the um I view the Trump corollary as a basically incorporation of China into the Monroe Doctrine. So, uh, >> I don't care about stuff like that. What I care about is Venezuela. What's going on there? >> Well, [clears throat] I think that's one of the things that he was talking about that they're not going to allow.


>> Well, that's not China. >> China doesn't enter that discussion unless you're talking about fentinel, >> okay? >> Which maybe is in the conversation. But, you know, I got some clients who think that Trump has gone way over the line in in seizing um and destroying fastmoving boats going 55 miles an hour. Twin engine, twin mercury or Johnson engine carrying maybe half a ton of cocaine or amphetamines or both, you know. Yeah, blast them. But they're giving them


warning. Okay, these snowflakes have invaded the patriotic crowd. I'm telling people, hey, look, you don't know what Venezuela is. It is the Ukraine of our hemisphere. >> That's exactly how I refer to it. >> It's full of narcotics. It's full of uh child trafficking. It's full of boweapons. It's full of some very unusual things. Microbe invasion of US farmland. They're trying to wreck the US farmland. And then we get the emptying emptying of the prisons, the trendy Ara,


>> okay, >> with a payoff from the Biden show to the Maduro regime in Venezuela. Okay, you know, I don't wish to focus too much on the politics, but honestly, people need to get a grip. Venezuela is a very serious rogue nation, narco state, and it needs to be ripped. And whatever IT TAKES TRUMP HAS ANNOUNCED, TRUMP HAS LET IT BE known now implicitly that if if you've got a tanker of Venezuelan oil, we're going to come we're going to SEIZE IT BECAUSE THEY'RE RUNNING DRUGS


AND THEY'RE RUNNING weapons on board >> and people. >> Well, yeah. I I don't know much about the people. They they talked about how there were a dozen kids, but a dozen is not child trafficking. A dozen could be, you know, little kids from friends of the family of of the operating crew. I don't know if they're A THOUSAND KIDS. YEAH. >> IF they're 12, no, I I you can't I I don't >> I understand I understand the distinction. >> Yeah. >> Yeah.


>> Um I I've conf >> that's why I put it in That's why I put it in big letters right underneath our name. >> Yeah. Well, they can they can block that out, too. I know. >> They can block out anything. It's fixed. >> What they're doing is they're just taking they're just taking the me part. >> Um Oh my goodness. >> Maybe next time what I'll do is I'll put a uh You know what? Here, I'm going to play with something real quick. Uh but


go ahead. >> Well, I want to talk about XRP. >> Okay. >> Silver and XRP. Silver has officially become unoptanium. There's there's really no more silver. There was a big event on uh Wednesday and Friday of Thanksgiving week. There was a shutdown. You know, I have a joke. They say that there was an air conditioning issue. No, I say there was a sewage backup issue. There [laughter] there was human sewage all over the floor. And if you look closely, you'll see price suppression documents in the


sewage. Okay, that's one thing. JP Morgan withdrew I believe, you know, I'm going by memory and I a lot of numbers that are flying through my head all the time. I believe it was 24 million ounces of silver that JP Morgan withdrew from the market when they shut it down. And now that is worth a billion dollar. No, no, no. Hundred million dollars more. hund00 million dollars more >> because we're five six dollars higher. >> So that's a smooth mo. That's a good business move


>> for a corrupt institution. And I got to say that JP Morgan Chase is probably the number one bank that does chargebacks for the newsletter. Number one. Not only are they number one, but I had a couple of clients say, "Jim, I didn't start that chargeback." That was done by Chase all by themselves. I didn't ask that. I didn't want that. And I said, "Well, you know, you're going to have to fight to quit it, to stop it. >> I'm just going to cancel it. Make a new


order." Anyway, [clears throat] I I this is just amazing. Over half the chargebacks are Cityroup and JP Morgan, Chase, Chase, Chase, Chase, Chase. And I've got private clients. I got clients who complain to me that they had their accounts shut down by Chase, business accounts, just terrible abuse. I I've decided that I'm I'm going to be a little bit more gental uh when I talk about uh trafficking issues, but we've got to pay attention to money laundering. Money laundering


can be from many different sources. It could just be dark money sources. It could be money coming out from, you know, 20 years of hibernation, but it could also be from trafficking. Um, we hear dark pools a lot and I have no idea what the dark pools are. Um, I believe that half of Bitcoin's rise in the last three or four years has been from dark money. >> Well, and you you talked about Tether. I I think that Tether has a significant role in that. >> That could be what I'm hearing. And this


is this is from one military source, but a number of other two or three other really smart clients. When the bricks dump a big batch of Treasury bonds, the US government is obliged to pick them up because we're the issuer. But what they're doing is they're printing money, they're buying Tether, they back it up with Bitcoin, and they hand the Tether to the institution or like a central bank that dumps the billions of Treasury bonds. So, how is the US government paying the sellers of Treasury bonds is printed


money by way of Tether. and and and a a big reflection, an echo off Bitcoin. And and what is Tether doing with all of their interest that they're earning from from Treasury bonds? They're buying gold. Oh my gosh, we got a a fraudulent stable coin of Tether that's at back stop for paying Bricks Nation dumping Treasury bonds and they're a stable coin in the system. This is just an accident waiting to happen. I I don't know how it's going to happen. I don't know when it's going to happen,


but Tether's going to take a hit. And and it looks like it's going to be softened by their gold holdings. They're the biggest nonsvereign buyer of gold in the last two years. I had a chart in golden golden hyphenjackass.com um newsletter, the newsletter, the hattrick letter newsletter, pardon me. I I just I did some bike riding this morning and I got a little bit of residue. [laughter] I love my bike. I tell you, I I'd lose my mind if it weren't for my bike. When I'm crazy and I'm stressed out and, you


know, I've got another fire to pay the bill for, or another uterus surgery to pay the bill for, or another title fraud to pay the bill for, I go out for a ride. I go around a certain college campus, it's two miles [snorts] and I'm I'm I'm renewed when I get back. The bicycle is therapy. [clears throat] But Ron, what's going on right now? This is my view and I'm not alone. Uh XRP is at the center of a global financial upgrade to digital finance. XRP is at the center Ripple is in the commander seat for this


paradigm shift. Uh we're seeing history being made right now. And what I find amazing is that no one's going to want to wait for round two. No one is going to want no financial firm is going to want to wait to see how it goes for their competitor. No one's going to want to sit around and say, "Well, you know, I'm a little bit leerary of all this. Maybe next year." No, cuz maybe next year they're obsolete and out of business. >> [clears throat] >> you think um uh so I'm I'm so I heard


that the uh the Fed is going to reduce uh rates and then they're going to begin uh they they've re they've relabeled quantitative easing and they're going to start moneying again on what um uh today the 12th >> um it it it is so hairy that there might be a challenge of whether Jerome Powell was properly appointed because it was done by autopen in the Biden office. Okay, this is getting really complicated, entangled, not only at Jerome Powell, possibly an appointee with the autopan from the


Biden office, one of my uh contacts that for the last oh, I don't know, 8 10 months, uh Katanji Jackson has been isolated. Uh nobody really talks to her. No one has lunch with her. No one gives a crap of what she says or what she thinks or what she writes. And and you know, it's almost like Amy is saying, I want distance from Katanji, the Cabal vote, the deep state vote, and therefore I'm gravitating toward the conservative patriot camp. and and you know, I've been watching Chief Justice Stevens, too. Uh he's on


the wrong side of quite a few, but lately he's on the right side. I don't know if you're familiar with with the the Humphrey's directive, but uh that's what's being discussed right now. I'm not I know we're getting away from it, um [clears throat] XRP, but let me just say that the Humphrey's decision is is is almost as important as the um Oh gosh. Oh gosh. Chevron, the Chevron difference. >> Mhm. >> Where agencies were determining taxation that was thrown out by the court. Great


decision. And obviously KATANJI VOTED AGAINST that decision because it hurts the cabal. She's a a debal cabal defender. [clears throat] The Humphrey's directive is different. It says um well the the vote is to remove that directive and to allow Trump to fire agency and department heads. Executive order to fire and and golly, will he will he cross a fence and fire judges who are acting in an unconstitutional manner? That's what I want to see. >> I don't Yeah. And I don't know if he


can, but um because I think that that that that is something that's reserved for Congress for for >> it's the Senate the twothird Senate vote to impeach a judge >> to impeach, right? >> Twothirds Senate vote. I've looked into this. I've asked some people to check it and they've gotten back to me and Chad Gilput has been helping me WITH THIS. >> BUT WHAT HAPPENS and that's the importance of the Senate. That's the That's the importance of the Senate.


>> I I I KNOW. BUT WHAT happens to a judge who makes a treasonous decision to release it? A client wrote to me and said, "Jim, you got to check this out. It's a morning scream in Portland, Oregon." >> I've seen that. I've seen that. Yeah. >> Scream and yell at Trump. >> You You know what it reminds me of? It reminds me of 1984 Two Minutes of Hate. >> So, [laughter] uh, >> Two Minutes. That's exactly what it reminds me I wasn't familiar with with


that, but I I I >> you you never seen you you are you're not familiar with the with 1984 and two minute like the two minutes of hate. Yeah. Every every day they every day in in [laughter] the in the book 1984 every day what they would do is they'd have like where they would stand up and they'd be you know they'd listen they'd be listening to Big Brother and then it was two minutes of hate and they got to like scream and and rant at the screen. Uh you know >> speech.


>> Exactly. So that was their freedom of speech. a designated five minute period where you can have freedom of speech and the rest of the time no. >> Yeah. Exactly. [clears throat] Okay. >> I want I wanted to read this real quick ju just because just it reinforces what you were talking about. Uh this was the 8 to1 decision and it was basically on the uh because it was the one where Jackson was the lone desenter in a case involving limits on judicial power and nationwide injunctions. What Barrett


wrote in her opinion, and this is what she she actually put this into the opinion. In the majority opinion Barrett authored, she directly rebuted Jackson's dissenting approach, arguing that Jackson's framing decries an imperial executive while embracing an imperial judiciary. Barrett said the dissent was at odds with long-standing precedent in the Constitution, suggesting Jackson's reasoning would expand judicial power beyond proper limits. Bird also wrote that Jackson's position might imply that


anytime the government is the defendant, a universal injunction is appropriate, questioning the logic of her argument. It was uh um >> yeah, it is she she was not kind to uh to um >> imperial judicial. Yeah. >> In other words, we can we can have 200 federal judges to defend the cabal. Allow them to commit crimes, allow them to release murderers and assaulters and drug kings. Oh my gosh. You know, we're losing control. Um we're losing control of the republic. Um, you know, Trump has got to DO


SOMETHING WITH THE sanctuary states, okay? You know, I I think the walls are closing in on on your California bumpkin idiot Marxist clown Nuome and um, you know, he he issued a piggy video and uh, boy did that come back and slam him in the face. Um, you know, there there's no leadership in California unless you consider it a, you know, a criminal organization. I thought there was going to be more action, more more movement in um some of the missing funds for the homeless. [clears throat] >> Isn't that like like five or seven


billion dollars? >> Oh, no. It's more than it was like 25 billion or something like that. It was uh >> 25 billion. They just started the investigation last week. So, I mean, it's it's not great. It's not even uh >> Well, that you're not even including the train to nowhere, the bullet train. >> So, yeah. How much was that? >> Oh, I think that's something that I think I think that's approaching a trillion. It's like it's like in it's


it's in the hundreds of billions of dollars. >> Are you sure? >> Oh, I'm pretty sure. Yeah, let me check. I'll double check it. Uh let me let me double check here. Um what is the most >> you know someone asked me recently is is war war is not good for the economy is it Jim? And I said and I I had five or six other things in there. Yeah it war is great for the deep state and the reconstruction. Just never forget this. I learned this with the Iraq Reconstruction Fund because The Voice at


that time got a copy of Kissinger taking $2.3 billion from that fund. Kissinger personally ransacking the Iraq Reconstruction Fund. So don't tell me war is good for the economy. That is so ludic ludicrous. Where's the reconstruction of Beirut? [cough and clears throat] Yeah, baby. Where's a reconstruction of of what is it? S uh the capital of Yemen. Yeah, baby. Where's a reconstruction of Gaza for that matter? Yeah. Yeah, baby. Um, [clears throat] Ron, I'd like to to shift over to to


finance again because I've been spending a lot of time following silver and following XRP and and there there are some developments recently that are just of monstrous important, immense importance in both silver and XRP. Um, the comics doesn't have any silver, at least no eligible silver, so they're bidding on something that's not in the vault. That that's that's very new. Um, this is not August of 2020. Back then, JP Morgan through their Swiss subsidiary let loose 200 million ounces


of silver to put a cap on it. Now, instead, they're they're removing silver from the vaults. They're no longer eligible for delivery and the price continues to go up. Um, I was in a conversation with a really bright guy and and we were of the opinion that 65 is going to offer uh some resistance. Not because there's a lot of silver available to dump on the market there, but 65 might be kind some kind of a structural deadline limit. like [clears throat] the naked shorts are told, "Well, you know, you can get up to


60, but you can't really get to 65 cuz we're going to call these in. You you're you're just way too extended on the criminal naked short side. This is history being made. We might be seeing limits on the naked shorts for being on the wrong side." They might have been told force majour. NOT SO sure you're going to BE ABLE TO GET OFF THE HOOK WITH THAT. >> REALLY? REALLY? >> I don't know. I'm saying that is a point to argue. >> Wow. >> Could that be what's going on at 65?


We're going to just give you a free pass, but if we get above 65, WE CAN'T DO FORCE FOR SURE. I'M NOT SAYING that's the case, Ron. I'm saying, is that being argued now? Something important is about 65. BUT I GOT A joke and it it's partly meant to be fun. It's partly meant to be real. Fibonacci is in the room. >> 10 20 30 50 80 Fibonacci is in the room. Let me do that again. 10 20 30 50. Here's my joke for all the mathematically defective. 10 20 30 50 80. What's next?


10 20 30 50 80. That would be uh that'd be 130. >> You get an A, Ron, [snorts] but not for speed. >> [laughter] >> Well, I I mean because I was I was trying to analyze the uh >> You're trying not TO MAKE A MISTAKE. I KNOW. >> NO, I WAS TRYING I WAS TRYING I was trying to analyze the you know how how they how the next number was derived and it's like oh it's just adding the next it's just adding the last two numbers. >> Yeah. You add Okay. You add the last two


numbers, right? >> Yeah. 10 20 >> That's Fibonacci. Okay. But there there's something there's something else going on. The ratio of the next to the to the current. The ratio is 1 plus the<unk> of 5 all over two. The ratio it converges to that. It's about 68. Take a look at it. 5/3 >> five one one two three fiveird. What's 5/3? 1.667. 667. >> Yeah, >> there you go. The ratio. Okay, what's 13? Do do 13 over eight. Have some fun and you'll see that it is 1.68


give or take. >> Just keep doing the Okay. I I've mathematically proved that you know the next one over the current as you go way way out like 100 150 200 300 the [clears throat] ratio converges to 1 plus the square<unk> of 5 over2 okay that's the ratio it's called the golden ratio [snorts and clears throat] all right there there's something really big happening with silver and I believe Russia and China and Iran. This is my belief based on certain comments from certain officials in


Russia, a comment echoed in Iran and then some tweet from a Chinese official. The Russians, the Chinese and the Iranians realize our Achilles heel for the dollar is silver. Silver breaks the dollar, not gold, >> silver. And >> well, that would make sense. >> It's a smaller market. That's what that's what confuses me. >> That actually makes sense to me. >> The silver market is so small. Okay, I'll never forget this. Okay, you know what I mean by a morning session? 9:00


a.m. to noon the morning or to 12:30 the morning part of of a stock market session the morning session. Okay. Apple computer has more volume in the morning session of a single day than silver does for the entire year. That's how small silver is. [laughter] And it has the power to break the dollar because of all the naked shorts that have been piled on for 30 years. They never get called upon. The the regulators, you know, CFTC, they always give them a pass. Okay. If there's a need to drive down the silver


price, yeah, they can do an entire annual silver mining output dump with paper in a single hour. No consequences. They did that. They did that a month ago. >> They probably did it today because we're down. I think >> we're down like 350. >> Uh well, I just I just checked silver about 10 minutes ago and it was like 61. >> Um buck and a half. >> No. Yeah. 60 about like $3 yesterday when I went to when I when I checked it before I went to bed last night and it


was like 6420. $64.20 and this morning when I woke up or just when I checked it a few minutes ago it was about $61. >> More than a couple bucks. >> Yeah. >> I I honestly I watch the factors. I watch what moves it. I watch the commentary. I watch the vulnerability. And u I heard this morning that it hit 64. So I spoke incorrectly. I thought it was down a buck and a half. No, it's down to 61 plus. Um, we are in the middle of a precious metal bust and the bust goes to the upside. It


doesn't go busting down. What busts is the paper naked shorts. Um, the Russians know what's going on. and and the Russ they they're making plans now not just to steal interest on the 340 billion in Russianowned bonds. They're planning to do some outright confiscation because they're so desperate >> and the British are desperate too. >> They're taxing they're taxing farms. I believe I read that correctly as as a 200,000B tax. might have been a 300,000 pound


tax. The average farm tax. Okay. The parliament is saying you got all these assets and we're going to tax them. Percentages. It must rival France by now. I don't ever hear France has 70 cities who are Islamic mayors. Um, I have a friend who went to London and said, "Jim, I've never seen so many Muslims. I've never seen so many Chinese faces." And they and a different friend said the same thing about New York City. I heard a great joke. The United States is no longer a melting pot.


I I should I don't want to talk about that. >> [clears throat] >> I remember um I I remember during the Civil War when the um when uh uh Butler, Benjamin Butler, who was a general, he was the governor of of New Orleans when when the North kind of took over New Orleans. Um all the women in uh all the women in the um the quarter when the whenever the Union soldiers would walk by, they dump their chamber pots on them. >> Oh my god. They weren't they weren't illegal. I thought you were going to say


>> well the uh >> combat an enemy combatant >> prostitution or whatever but what >> that wasn't illegal back then. >> I I I'm just saying that's what he that's what he said. Now I don't know how to determine them. >> I thought you were going to refer to something that would bring about a hanging. >> No, I I don't think it was going to be capital punishment, but but certainly they were they were going to get some sort of punishment.


>> Well, let let's be real. The chamber pots that were [laughter] the chamber the chamber pots that could be hurled would usually be urine. >> Oh, yeah. >> Okay. All right. So, it was a it was a yellow a yellow rainbow. Okay. [laughter] Let's get off Let's get off that. I know we're [clears throat] >> moving on. Hey, this is untold history, right? My my channel's untold history, so we can inject a little historical humor in there. >> Well, okay. Silver is the Achilles heel.


I I don't see any upside limit. And I did a show recently where the host said to me, "Jim, do you see $100 in the next two or three, four months?" I said, "Yes, I don't see anything stopping this. There's no metal to stop it. THE BIDDING THE BIDDING IS STRONG." And and YOU KNOW, THERE'S A LOT OF bad financial analysis out there. [snorts] They're saying that that silver is going up uh because of of you know, golly, I forgot. It was so stupid what they said


that I forgot. What are some of the things that they say? Why is silver GOING UP? I COUNTERED by saying, "No, it's a US GOVERNMENT DEBT. NO, IT'S SOLAR DEMAND. NO, IT'S IT'S military demand for missiles." >> No, it's not. Yeah, there's there's it's it has not reached its [clears throat] industrial uh need yet. There's an annual silver deficit. Annual. It's been going on for 10 years, >> right? I think what I think what they were saying is that there's trouble in


in the Treasury bond land, [clears throat] so silver is is taking a big bid. Well, yeah, but that's only one of five factors. When people tell me, Jim, is it time to sell at 50 and 55? I say, well, here's a checklist. Is the US government debt resolved? No. Is the Mexican cartel uh exporting silver? No. Is the paper silver game still at work? Yeah. Has it been fixed? No. Is there a recognition that silver is uh in deficit [snorts] and and is a a like an Achilles heel for the dollar? Yes. I


said, "Okay, look, you know, until you get a change in these six things, silver just continues going up and so does gold. So, when you see a big move like this and a correction, a sell-off, it's time to buy. This thing is not going to go down to 52. It's not going to go down to 55. I don't think it's going to go down to 58. I'd be really surprised if it went down to 59 as a handle, but you know, that's where you have to guess a bit. And here's a a a re good rule of thumb.


I don't know what the u the support line was. I think it was 48. So from 48 to 64 is 16 points. 16 points. Now there's a a a good uh measure of what a a big correction would have for a limit and [snorts] it's 38. So 38 would be six points. So 64. Well, there's your 58. Okay, we could we could go down to 58 possibly, but I I I really believe that [clears throat and cough] anything under 60 traders are going to jump on because there's no silver. Now, when I when I say that 38 is a normal


correction for, you know, a good size correction after a huge move up, >> that's in a real market. We don't have a market. >> WE DON'T HAVE ANY SILVER. WE DON'T HAVE ANY SILVER. >> SO, it's unoptanium. Um, and JP Morgan, I'd love to know, hey, JP Morgan, what are you going to do with those 24 million ounces? Are you gonna are you going to drop them on the market to make national security reasons? >> Okay. It's not Patriot Act. It was after that.


>> Okay. So, they could lie about what happened to the 24 million ounces. I think they hoarded them. I think they distribute them to the other Wall Street banks and they don't allow it get to the market. WHAT WE'RE ABOUT TO SEE, RON, is silver to vanish. real silver that could go to market is going to vanish. Let me give you a couple examples. Um, First Majestic, they're one of my favorites. What's his name? New Nummire. I think the CEO named Numire. You can check that if you if you wish. But First


Majestic, they have been the most rebellious of all the silver producers. Do you think new meer will say we're going to hold back on supplying to the market our silver output from mining? We're going to do a a 30 maybe 60-day moratorum on supplying the market. We have the US mint that SAY WE'RE NOT WE'RE NOT MAKING ANY coins anymore. And I believe I believe Miles Franklin I I'm not certain, but I I'm getting indications from clients that they don't have any silver coins. OKAY.


>> WOW. >> WOW. >> WE'RE AT unoptanium now, Ron. So, when you get near unoptanium, what you see is that legitimate supply is withdrawn. Now, here's another example, but it's it's at the state level. Mexico is not exporting silver. [snorts] And I think it's just a matter of a month or two where they say to China, "We're not going to even supply you silver concentrate. We're going to keep it home." There's a movement now in Mexico to keep it home. Keep the silver


home. Why? Because it's going to go up maybe to $200 or $300. This is this is >> Yeah, I don't I don't doubt that at all. I I'm and I'm I um I I found the um I I found this here. It says cuz I asked I said did uh you know I I heard the Fed is going to start printing again under a different name than QE and it says yes. The Federal Reserve has recently signaled a shift that looks to look a lot like money printing again under a different name and framework. It's called uh reserve management purchase


RMPs. Instead of KT, the Fed announced it will begin buying short-term Treasury bills about 40 billion per month starting around December the 12th. So that's today. >> It's interesting that coincides with their failed auctions. Yeah. The auctions are not having good attendance. They've had two or three in the last few months that have been wretched. Okay, th this is going to go on and on. Um, I'd like to make a point that I included in the November report for, you know, goldenjackass.com.


10 years ago, the silver price was about a third of what it is now. We have a three times higher silver price and we have lower mine output. >> Mhm. >> It's called supply inelasticity. Raise the price and you still got less supply. inelastic supply. This is historic. We're making history. Normally, if you triple the price, you bring about a huge increase in supply. Why does it not happen now? Because we've run out of giant silver mines. We've run out. All we got now are little


silver mines. Plus, Mexico. You know, a lot of people don't realize Mexico is something like 56% of global output for silver. They should really call themselves the little silver country. >> Yeah. They produce the most >> and and that's why the cartel has so much potential power. [snorts] >> They could combine with Ecuador, Chile, Oh, what's the other one? Ecuador, Chile, and u Argentina. And there's a fourth one. Um Ecuador, Chile, not Bolivia. Not Bolivia. I can't think of


it right now. U the Andes nations together they produce over 60% of the global silver. Okay. If they make a cartel, they could just hold on to it. Before you know it, we got three $400 silver price. Deny it to the market. Here's a funny one. Poland has more silver production than Russia. Poland [clears throat] just got a a couple giant mines. Russia's got pretty much everything else. Um, okay. Should we shift to XRP because this is >> Yeah, let's do that. Yeah, let's do that.


>> Let me do something with my shade. >> I'm I'm actually gonna I'm I'm looking a couple things up about silver as I'm looking at silver production. >> Peru. Peru. Chile, Ecuador, Argentina small >> for silver. >> Well, that's because they're they don't really have um they're not really part of the the mountain range, >> right? It's the Andes range. You're right. You're right. >> Yeah. >> And and it's unique because it's the


longest mountain range on the planet. >> So, I looked it up. So the the top ranking producers in the world are Mexico. They produce uh 63 trillion uh uh or troy troy ounces of uh of >> what's the percentage? >> What's the percentages though? Do you have it there? >> Um >> global percent. >> Let's see here. Let me um let's see. Uh so it's going to be Mexico is 24% uh almost a quarter of the almost a quarter of the world. China is 12.9, Peru is 12.2, two, Bolivia five, Poland


is five, Russia's 4.7, Chile 4.76 is the Andes, [clears throat] >> United States. Yeah. Yeah. United States is 4.3. So [clears throat] if you combine Mexico, Peru, Mexico, Peru, Bolivia, and Chile, that's uh let's see, five >> uh 10 22. Yeah. You're looking at almost half of the world's production, >> right? uh and and not making it available to the market. Uh if they make a cartel and you know people tell me, Jim, what do you mean? Why why a cartel? What do


you mean? I said, do you know what OPEC is? >> Well, that's that's the the Middle East, Persian, Gulf nations working together to control supply and control price by means of their dominant role in the oil industry. They dominate the global production of oil. Well, that's what a cartel for silver could do. I mean, we could be dealing five years or three years from now with a $280 price and it goes up $80 in a single day because the Mexican cartel makes a decision to reduce by 5%


the amount that they that they that THEY RELEASE INTO THE MARKET. THAT'S WHAT you know, the OPEC watchers. Oh gosh. OPEC made a made a a statement that they're going to cut back in Saudi. They're going to cut back 2% in oil production. It's just a statement. AND THEIR OWN PRICE GOES UP $5. OKAY, that could happen to silver in the future years. That would be monstrous importance. For those of you who don't know, OPEC is uh it's basically it was created back when they did the uh petro


petro dollar when they linked the dollar to to the reser the reserve currency to the oil production in Saudi Arabia and uh the OPEC is the organization of petroleum exporting countries countries. I got a trivia question for you. This is a good one. Whose idea was it to quadruple the oil price in 1973? >> I'm gonna You're Well, I'm If you're going to ask me, I'm going to probably say it was uh Kissinger. >> Very good. The Saudis, they said, "Are you kidding? There'll be


objections." And Kissinger said, "We'll take care of all that. We'll we'll blame it on the Arabs, but Yeah. And then they then they had then they had the suppress >> well then they did the Yam Kapour war and then all the Arab countries got pissed off at the United States for supporting Israel. So they cut production and that's when we got all the gas lines in the United States in the middle part of the se >> right it it wasn't hard to get the Arabs to go along with raising the price. I


mean, who who in his right mind would say, "Wait a minute. You're telling me I'll get a hundred billion dollars more per year?" >> And they say, "No, per quarter." Okay. So, here's [laughter] here's the back end of that. There's many sides to the uh the petro dollar creation and the 1973 agreement. The Saudis were told, "You will comply and we will make you unbelievably wealthy and you can build mansions." >> And what they did is they they made


Bentley cars made of pure silver, you know, stuff like that, right? >> Really opulent, >> horrendous actions. But the Saudis were told, "You've you've got to purchase US weapons and and we'll make sure that there's a war going on at all times. You've got to pro purchase US weapons and and there's more to this." Well, that was right about the same time that Bzinski was laying the foundations for uh radical Islam to be the next uh boogeyman after they brought in uh the


Soviet Union to invade Afghanistan and then they they broke the Soviets that and and Chernobyl and then of course then we did dealt with the radical Islam. Anyway, >> yeah, but the the the point that I wanted to make was one quarter of all the OPEC sales went to the exchange stabilization fund. M interesting. >> So the United States government said, "We're going to hold your Treasury bonds, only a quarter of them, and it'll be used to stabilize markets." Welcome to Gold Silver News, your go-to


destination for all things economics and finance. Whether you're an experienced investor, an inquisitive student, or just someone who wants to stay ahead in today's everchanging economic landscape, you've come to the right place. Now, we'll show you the best scenes of the latest interview. But first, smash the subscribe button, hit the like button, and send us super thanks if you find our daily recaps valuable. Enjoy the episode. Dear listeners, I was able to upload a portion of this interview,


which lasted approximately 2 hours and 6 minutes due to YouTube rules. You can watch it in its entirety from the link in the description. Now, some brief information about Jim Willie will be given. Dr. Jim Willie is an analyst recognized in international finance and economic circles for his distinctive viewpoints. Commonly known simply as Dr. Jim Willie, he is often said to hold a doctorate in an economics related field, though precise details about his academic record are not widely documented. He is best known for his


work shared through his website Golden Jackass as well as various online interviews and podcasts. His main areas of focus include fluctuations in the financial markets, central bank policies, currency trends, and particularly the future of gold and silver. A defining trait of Dr. Willy's commentary is his emphasis on precious metals, gold and silver, as critical pillars of the global monetary system. He argues that modern fiat currencies, especially the US dollar, suffer from structural problems stemming from


central bank policies and the complex nature of international finance. As a result, he foresees a scenario in which the dollar weakens while gold and silver strengthen. Dr. Willie is considered by many to be an unconventional financial commentator. His analyses often diverge from mainstream economic narratives, occasionally integrating views that some label as conspiracy theories. Yet, this alternative perspective has resonated with a community of followers who value his exploration of issues they believe


are overlooked by mainstream media and big financial institutions. Two, the Golden Jackass platform and content structure. Dr. Willie disseminates most of his research and opinions via his personal website, Golden Jackass. The unusual name is meant to highlight his unfiltered approach. He describes himself as presenting blunt truths without fear of reprisal. Many of the articles and reports he publishes on this site revolve around major geopolitical and macroeconomic developments. Typical topics on golden


jackass include gold and silver market analyses. Willie is known for predicting significant spikes in gold and silver prices. He argues that continuous monetary expansion by central banks will ultimately raise the value of precious metals while eroding confidence in fiat currencies. Critiques of the global dollar system. Willie believes the US dollar status as the dominant reserve currency will eventually weaken. He often cites the efforts of countries like China and Russia in developing alternative payment systems and


goldbacked arrangements. Warnings of financial crisis. Willie frequently points to risks that he says mainstream economists ignore, such as the overextension of credit, large-scale derivatives, and the excessive liquidity central banks have provided since past economic downturns. Geopolitical events and their economic effects. His analysis goes beyond pure economics to examine how geopolitics impacts commodity prices, trade flows, and especially the dollars standing in international markets. Some content on Golden Jackass


is available only to subscribers. This paid model supports his independent research, which he claims allows him to investigate topics not widely covered by mainstream financial analysts. Three, economic analysis philosophy and methods. Dr. Jim Willy's approach to economic commentary blends macroeconomic data with monetary and geopolitical factors, resulting in what many consider a heterodox style. Key aspects of his method include historical cycle analysis. He frequently references major financial crises such as the 1929 Great


Depression and the 1971 end of the gold standard to draw parallels with current policy missteps. He views economic cycles as influenced by political and social factors, not just by raw data, debt, and credit examination. Modern finance, according to Willie, is excessively reliant on debt. He emphasizes growing global debt levels and warns that they are unsustainable. Central bank balance sheets and leverage banking practices are frequent targets of his critiques. Comparative currency analysis. Willie tracks how key


currencies, the US dollar, the euro, the Chinese yuan, and the Russian ruble compete against each other. He underscores the role of gold reserves and potential gold backing as crucial in these contests. Geopolitical context. Willie treats diplomacy, strategic alliances, and military advantages as integral to economic outcomes. He sees global finance and politics as intertwined, asserting that a policy shift in one arena reverberates throughout the other. Reliance on alternative information sources. Willie


occasionally cites unverified or non- mainstream information, claiming that official data and media may conceal the full story. Critics argue that this tendency can lead to the spread of unsubstantiated conspiracy theories. Four, main core perspective, transformation of the monetary system. One of Dr. Willy's central thesis is that the global monetary system is undergoing a profound realignment. He believes that the post Bretonwoods world order in which the US dollar has enjoyed near hegemonic status, is coming to an


end or is on the brink of doing so. As central banks keep expanding their monetary bases, he expects rising inflation to push individuals and institutions toward tangible assets like precious metals. At the heart of this view is the idea of the coming end of the dollar or the demise of the petro dollar system. According to Willie, the following trends are evidence of this shift. Countries increasing gold reserves. Emerging markets including China, Russia, and Turkey have been accumulating gold, potentially to


establish alternative payment frameworks involving gold. Petroleum trade in currencies other than the dollar. Willie cites China's moves to pay for oil in yuan as a direct challenge to the dollar's monopoly in global energy markets. Alternative payment systems, new networks to replace or supplement Swift, such as China CIP, could undermine the dollar's role in global trade and lessen its power as a vehicle of economic sanctions. Willie portrays these developments as gradual, with many


going under reportported. The eventual result, in his view, would be a breakdown of the dollarcentric system that would profoundly disrupt financial institutions and national economies while boosting the position of gold, silver, and other real assets. Five, the role of precious metals, gold, and silver forecasts. Dr. Willie is particularly noted for his commentary on gold and silver. He argues that these metals have served as money throughout history and assume the role of safe havens in times of crisis. While central


banks can expand the money supply almost limitlessly, physical supplies of gold and silver remain finite, favoring these metals in the long run. He often alleges that gold and silver prices are manipulated or suppressed. According to this viewpoint, major banks use large volumes of paper gold futures contracts derivatives to depress spot prices as letting gold prices rise organically would highlight fiat currency's weaknesses. Willie also applies this argument to silver, contending that silver is likewise undervalued but


manipulated. Nevertheless, Willie believes that such price manipulation cannot persist indefinitely. A surge in physical demand, he argues, will sooner or later expose discrepancies in the paper market, leading to a dramatic revaluation of both gold and silver. In such a scenario, gold could rise well into the thousands of dollars per ounce, while silver might break into tripledigit territory, an outcome that could shake the entire global financial system. Six, the US economy and Federal Reserve criticisms. Given that Dr. Jim


Willie is primarily based in the United States. He frequently critiques the Federal Reserve Fed. He contends that the Fed's policies of quantitative easing and prolonged low interest rates have masked deeper problems while magnifying systemic risks. In his view, these policies only offer temporary fixes without addressing underlying debt and leverage issues. His key points of contention include unback money creation. Willie argues that the Fed's expansionary practices are disconnected from real economic productivity. Over


time, such policies lead to higher inflation, even if official statistics do not fully capture it. Banking system vulnerabilities. According to Willie, large US banks are more fragile than they appear due to their exposure to highly leveraged derivative products. Wealth disparity. He contends that Federal Reserve policies inflate asset markets. stocks, real estate, mainly benefiting the wealthy while rising costs of living erode the purchasing power of lower and middle inome groups. External debt and trade imbalances.


Willie points to America's escalating national debt and trade deficits, predicting they will reduce trust in US Treasury bonds over time and threaten the dollar's reserve status. Willy's criticisms draw from independent research and alternative media sources, which he sees as less prone to presenting sanitized official narratives. While his supporters view him as exposing under reportported truths, critics accuse him of selective data usage or undue alarmism. Seven, geopolitical analyses, East West


economic rivalry. Dr. Jim Willie incorporates a geopolitical lens into much of his economic commentary. He posits that the world's financial and political power is shifting from Western nations, particularly the United States and the European Union, toward eastern powers like China and Russia. This shift, in Willy's view, involves energy resources, major trade corridors, and the struggle for technological advantage. Key points he often raises include the belt and road initiative. Willie believes China's massive


infrastructure project will reshape global trade routes, reduce reliance on the dollar, and accelerate Eurasian economic growth, goldbacked currency deals. He speculates about the possibility of China and Russia jointly introducing a goldbacked digital currency or forming a trade block that circumvents the dollar. Energy wars. Willie states that which currencies are used to settle oil and natural gas contracts is vital. If Russia shifts to selling energy in rubles or yuan or in exchange for gold, he sees this as a


direct threat to the petro dollar system, diplomatic and military tensions. He asserts that international tensions and conflicts can hasten financial decoupling leading to regional economic blocks and alternative payment networks that erode the dollar's reach. Willie often cites Russian, Chinese, or other non-western media sources to bolster his arguments, which tend to frame developments as part of a broader east-west struggle. While mainstream sources may find these views too stark or speculative, Willie supporters regard


them as a clearer portrayal of how global power balances are evolving. Eight supporters and critics in the realm of economics and finance. Dr. Jim Willie is considered an alternative analyst rather than part of the mainstream. This status has earned him a committed following while also drawing criticism from established economists. Supporters belief in expose of hidden realities. They see Willy's commentary as a revelation of financial manipulations overlooked by mainstream channels. Precious metals enthusiasts,


investors bullish on gold and silver tend to resonate with Willy's stance on the eventual surge in precious metal values. Those interested in conspiracy theories. Willy's emphasis on secret deals and under the radar developments appeals to people who suspect official narratives are incomplete. Critics accusations of excessive speculation. Critics argue that many of Willy's forecasts have either failed to materialize or lack solid backing. Disconnected from market realities. Some economists see Willy's views as too


extreme, diverging significantly from conventional market indicators. Promotion of conspiracy theories. Central to their critique is that Willie relies heavily on data or rumors that mainstream economics deem unverified. Dr. Jim Willie often counters these critiques by stating that time will prove him right. His followers tend to regard short-term inaccuracies as less important than the larger long-term trends he highlights. Nine major themes in publications and interviews. Dr. Jim Willie appears regularly on podcasts, in


online interviews, and through articles in which he reasserts or refineses his views about global finance. Recurring themes include monetary policies and the prospect of inevitable collapse. Willie often labels the ongoing wave of central bank easing as unsustainable and believes it will lead to an unprecedented debt bubble, global trade and the dollar standing. He focuses on the likelihood of the dollar losing its primacy in oil transactions. In his view, geopolitical powerhouses like China and Russia are accelerating this


shift. Manipulation in metal markets. According to Willie, the only reason gold and silver are not trading at much higher levels is price suppression, which he believes will eventually fail. Investment suggestions. While stopping short of giving direct investment advice, Willie regularly emphasizes the value of holding physical gold and silver. He sometimes comments on real estate, cryptocurrencies, or other commodities, but his primary stance remains consistent. Tangible assets are a hedge against potential financial


turmoil. 10. Dr. Jim Willy's forecasts and their accuracy. Like many financial commentators, Dr. Jim Willie has made various predictions over the years. While some have aligned partially with real outcomes, others have not materialized according to his expected timelines. Critics highlight inaccurate or postponed forecasts, especially concerning the swift collapse of the dollar or hyperinflation that did not occur as predicted. Willie and his followers attribute such delays to factors like ongoing market manipulation


or new geopolitical agreements that slow down the anticipated shifts. They also stress that his analyses revolve more around long-term structural issues than short-term market timing and that certain economic events might simply be unfolding later than initially expected. At the same time, supporters note that Willie accurately pointed out the continued expansion of central bank balance sheets and the trend of countries accumulating gold reserves. Whether these represent unique insights or broader trends also recognized by


mainstream analysts is open to debate. 11. Conspiracy theories and critiques of mainstream economics. Dr. Jim Willie sometimes embraces viewpoints described as conspiracy theories, such as allegations of covert arrangements among global banking elites or claims that certain financial institutions deliberately engineer crisis. These comments often lack direct support in official reports or academic literature, undermining their acceptance by mainstream experts. Nevertheless, Willy's core audience contends that the


very absence of this information in major news outlets is evidence of systematic cover-ups. This tension results in a polarized reception. While some commend him for tackling subjects that major economists avoid, others dismiss his arguments as relying on rumor or anecdotal evidence. 12. Building an audience and media strategy. Dr. Jim Willy's influence stems in large part from digital media. Rather than appearing frequently on television networks or in major newspapers, he has cultivated a following through. His


website Golden Jackass, the subscription-based model allows him to finance his research and post in-depth analyses without relying on traditional editorial norms. Podcasts and interviews. Alternative finance channels invite him to discuss his views, giving him a platform free from mainstream editorial constraints. Social media. Willie uses social media platforms to share shorter commentaries and link to his more extensive articles or interviews. This approach targets a niche yet dedicated audience,


particularly those skeptical of mainstream financial narratives. Willy's unconventional or controversial theories find an environment of fewer restrictions online, aligning with audiences seeking alternative takes on global economics. 13. Dr. Jim Willy's place in the financial world in mainstream banking circles or academia. Dr. Jim Willie is not widely cited. Instead, he operates as an independent commentator, an outsider who both intrigues and polarizes observers. Critics consider his warnings overly


dire and his reliance on unofficial data problematic, but the financial turmoil of previous crises has also made many investors more open to unconventional perspectives. Those who value his work stress how events like the 2008 financial crisis validated skepticism toward institutional analyses. Willy's arguments about the unsustainability of constant monetary easing and the precarious nature of the global debt burden echo broader concerns, though he often frames them more bluntly. Overall, Dr. Jim Willie sits at the intersection


of alternative finance commentary and mainstream critique. While he has a loyal core following, he is also subject to ongoing scrutiny by economists and analysts who question his methods and conclusions. 14. Conclusion and assessment. Dr. Jim Willie stands out in alternative finance circles through his strong critiques of central banks, fervent support for gold and silver, and emphasis on significant geopolitical realignments. His central premise is that the current global financial order, especially the dollar-based system, is


unsustainable. According to Willie, everinccreasing debt and persistent market manipulation will eventually trigger a major monetary crisis, one in which holders of real assets, particularly precious metals, will thrive. Yet, questions remain as to whether his most dramatic predictions will unfold precisely as he envisions and on what timeline. His track record has been mixed, and skepticism about certain forecasts lingers. supporters respond by emphasizing that Willy's perspective is best understood as a


warning about underlying fragility. Fragility that may require more time to materialize or that might manifest in ways not easily predicted. Regardless of these debates, Dr. Jim Willie has established a definite niche. His analyses, whether embraced or doubted, compel audiences to consider alternative possibilities and deeper layers of the global financial system. For that reason, those who engage with Willy's writings often do so with a blend of caution and curiosity, recognizing that while his approach can veer into


unconventional territory, it may also provide a valuable counterpoint to mainstream narratives. >> Don't forget to like our video and subscribe [music] for our channel.