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August 25, 2009, at 9:40 pm by Jim Sinclair in the category In The News | Print This Post | Email This Post
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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Dear CIGAs,
The following is courtesy of CIGA Eric:
Click to enlarge
August 24, 2009, at 8:20 pm by Jim Sinclair in the category In The News | Print This Post | Email This Post
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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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,
Continue reading The Titanic Battle In Gold
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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August 23, 2009, at 10:02 pm by Jim Sinclair in the category In The News | Print This Post | Email This Post
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,
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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August 22, 2009, at 9:00 am by Jim Sinclair in the category In The News | Print This Post | Email This Post
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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