Dear CIGAs,
The dark blue represent the worst state fiscal environment (similarity to California).
"Trends start in the West and move East across the country."
–Jim Sinclair
http://downloads.pewcenteronthestates.org/Beyond_California_Appendix.pdf
Jim Sinclair’s Commentary
Click the following image to see the progression of unemployment in the US.
Jim Sinclair’s Commentary
The more things change, the more they remain the same.
Here is an actual photograph of the "Black Board" gold price spike in 1869.
Jim Sinclair’s Commentary
Here is something else that will only be reported through YouTube and cell phone pictures. Don’t look for it on CNN or F-TV
The last 2,000,000 person march on Washington will never be in any history book. Remember what we said about the need for armed, trained, personal security to OTC derivative dealers?
God help Greenwich, CT if these people find out what populates it.
Trillions cannot buy you happiness or longevity. Maybe Madoff prefers being chased by Big Bad Tyrone over his investors.
Protesters Plan Huge Anti-Goldman Rally In Washington, DC
Joe Weisenthal|Nov. 13, 2009, 10:59 AM
Following Massive Showdown in Chicago…
Hundreds of Taxpayers to Converge on Goldman Sachs DC Headquarters Monday
National Mobilization Continues to Demand End to Multi-Billion Dollar Bonuses at Bailed Out Banks and the Too Big To Fail Doctrine, Calls for Congressional Action Now
Washington, DC—On Monday, SEIU President Andy Stern and hundreds of taxpayers will converge on the Washington headquarters of Goldman Sachs to demand an end to multi-billion dollar bonuses and the Too Big To Fail Doctrine and call for immediate Congressional action on real financial reform. This is the latest in a national mobilization launched last month as 5,000 taxpayers from 20 states converged on the American Bankers Association convention in Chicago to demand Wall Street and big banks stop fighting reforms that will protect our families from the next crisis.
As part of Monday’s event, Public Citizen will release a report analyzing how much the bailed out banks and the financial sector is spending in Congress to block financial reform.
WHAT: Hundreds of taxpayers and community leaders to converge on the Goldman Sachs Washington, D.C. headquarters to demand an end to the Too Big To Fail doctrine, request that their projected $23 billion in bonuses and compensation go to foreclosure prevention programs, and call on Congress to take immediate action on reform.
WHEN: Monday, November 16, 12:00 PM ET
WHERE: 101 Constitution Avenue NW; Washington, DC (off 1st Street NW)
WHO: Andy Stern, President, Service Employees International Union
More…
Jim Sinclair’s Commentary
So far, every week, week after week, delayed so as not to disturb the social order, the death of financial entities is announced.
The public becomes habituated, and takes no notice.
If other institutions are penalized to pay for broken institutions why should any institution take care? Instead they will all gamble to the extreme. If they are punished anyway why not take all and any risk?
Government thought towards plugging the dyke only opens many more and dangerous holes. Eventually the government will run out of fingers and toes.
Bank Closing Information – November 13, 2009
These links contain useful information for the customers and vendors of these closed banks.
Pacific Coast National Bank, San Clemente, CA
Orion Bank, Naples, FL
Century Bank, FSB, Sarasota, FL
Jim Sinclair’s Commentary
Recall what was discussed about the July 17th China/USA economic summit?
"China, the largest foreign holder of U.S. Treasury securities, has expressed concern about the size of U.S. deficits. U.S. policy makers worry that alarm over deficits could push foreigners into cutting back on their purchases of Treasury debt. President Barack Obama will visit China as part of his current tour of Asia."
Obama eyes spending freeze to tackle deficits
Record imbalance could endanger economy, Democrats’ political prospects
updated 1:07 p.m. MT, Fri., Nov . 13, 2009
WASHINGTON – The Obama administration has alerted domestic agencies to plan for a freeze or even a 5 percent cut in their budgets, part of an election-year push to rein in record deficits that threaten the economy and Democrats’ political prospects next fall.
China, the largest foreign holder of U.S. Treasury securities, has expressed concern about the size of U.S. deficits. U.S. policymakers worry that alarm over deficits could push foreigners into cutting back on their purchases of Treasury debt. President Barack Obama will visit China as part of his current tour of Asia.
White House budget director Peter Orszag said Friday that it is imperative to start curbing the flow of red ink in coming years so as not to erode the fledgling economic recovery and raise interest rates. But he called it a balancing act and said acting too fast could undercut the recovery.
Orszag wouldn’t comment on the specifics of the upcoming budget, which will be unveiled in February, right after Obama’s State on the Union address in which the initiative is sure to be a major focus.
Democratic officials in the White House and on Capitol Hill say options for locking in budget savings include caps on the amount of money Congress gets to distribute each year for agency operating budgets. The officials spoke on condition of anonymity to frankly discuss internal deliberations.
Jim Sinclair’s Commentary
A wasted warning. It has already happened.
Washington briefing: Turkey warned against distancing from West
by Emil Sanamyan
Published: Friday November 13, 2009
WASHINGTON – "Turkey’s leaders must not think that they can expand the country’s influence without first having a firm footing in the West," Morton Abramowitz, a former U.S. ambassador to Turkey, and Henri Barkey, a Turkey scholar, warned in an article they cowrote for the journal Foreign Affairs.
The two argued that while there has been much recognition of its economic and political progress "Turkey has not yet become the global, or even regional, player that its government declares it to be."
While Mr. Abramowitz and Mr. Barkey praised the government of Prime Minister Recep Tayyip Erdogan for taking steps to improve relations with Armenia, they also pointed out that this government "has failed to come to grips with the question of whether the Ottomans’ treatment of the Armenians a century ago constituted genocide."
Speaking in Washington in February 2007, Mr. Abramowitz had argued that Turkish officials’ denial of the Armenian Genocide and suggestions "that this is an open question that you got to leave it to the historians" were no longer "an effective argument."
"Despite Turkey’s Armenian initiative, tensions over the Armenian genocide issue could escalate next year," this month’s Foreign Affairs article predicted.
