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In The News Today

Question of the Day:

Is it intentional or serendipity that the Bernanke reappointment is announced on the same day news of the Federal Reserve losing their fight in a Freedom of Information action to release the details of their financial dealings with the OTC derivative decimated financial industry is released?

If it is intentional

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Jim’s Mailbox

Dear CIGAs,

The following is courtesy of CIGA Eric:

Click to enlarge

In The News Today

Jim Sinclair’s Commentary

Here is the "smallest" Bloomberg report in history. It is also the most important Bloomberg report in history.

The Federal ruling that the Fed must disclose its secretive recent bank activity and the reappointment of Fed Chairman Bernanke are connected events.

The following is the entire report. It is one sentence

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The Titanic Battle In Gold

My Dear Friends,

Do not overly concern yourselves.

You are witnessing a titanic battle between the flash traders of the gold banks on the Comex and now countries in cash markets.

The price of gold is all in the US dollar, nowhere else.

The USDX can be manipulated a few 100ths of a point,

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Jim’s Mailbox

Dear CIGAs,

You want an argument for gold at $1650? Do like CIGA Norm says and check this out.

Jim,

If you have not seen this before, it is worth taking a look at.  Click on the following link:

http://www.usdebtclock.org/

All the best CIGA Norm

 

Jim,

As I read it, this is a

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In The News Today

Jim Sinclair’s Commentary

With the Federal Deficit going ballistic there is one inviting solution – get rid of the geezers.

Wait a minute, I am a geezer!

Millions face shrinking Social Security payments By STEPHEN OHLEMACHER (AP) – 20 minutes ago

WASHINGTON — Millions of older people face shrinking Social Security checks next

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Jim’s Mailbox

Jim,

What’s the rush? Do they know something?  Could it be 78 days to go?

Best, CIGA Bernie

Buyout Firms Race to Build Yuan Funds to Tap China

HONG KONG — Foreign firms that include some of the biggest names in U.S. private equity are rushing to raise Chinese funds that offer a new

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In The News Today

Jim Sinclair’s Commentary

Banks lie about their assets.

FASB (due to the selling out of ethics in April 09) now permits banks and financial entities to fabricate the values of their assets.

Usually this is buried in the sale of the banks in bits and pieces.

Here it is held up for

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