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Fix The Euro?

Dear CIGAs,

Will the Euro be the vehicle to increase the floating exchange rate system or the vehicle for the next step in the devolution of paper money?

What you are presently witnessing is the unwind of sovereign entities as a product of their adventures into OTC derivatives and disregard for economic law.

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Custodial Holdings Charts From Trader Dan

Dear Friends,

By now we have all seen the rather disturbing news concerning Chinese shunning of US Corporate debt issues. The chatter is that they still view Treasuries and Agency Debt as okay, for now. The problem is that someone has been selling US Agency debt in large size for some time now. Look

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This Is The End

Dear Extended Family,

I sent an email to you awhile ago saying "This Is It," when it wasn’t apparent.

Now, I am sorry to say, THIS IS THE END because it is becoming apparent.

Everything stands on the foundation of CONFIDENCE which is cracking rapidly.

Respectfully, Jim

Just How Ugly Is The Sovereign Default

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The Tiring Nature Of Media Propaganda

My Dear Friends,

Doesn’t it get tiring to hear the propaganda of government and business over the airwaves telling us exactly what isn’t correct?

I started this morning on the note of the Fed going to drain one trillion by negotiations with money funds which I know is absolute bunk. Then I see two

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Hourly Action In Gold From Trader Dan

Dear CIGAs,

Gold put in a solid performance today slicing through the barrage of bullion bank selling centered near the $1,080 level and running all the way to the downtrending 20 day moving average before it halted. The sharp move higher came even as the Euro was knocked sharply lower which is quite positive

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Jim’s Mailbox

CIGA Rusty Bayonet correctly points out the following:

This right now is phase two in the largest transfer of wealth in world economic history.

When it’s all done banking interests will own trillions in real estate and taxpayers will have compensated them for most of their losses on defaulted mortgages.

It makes you wonder

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In The News Today

Thought For The Day:

The Federal Reserve has announced that they are in negotiations with money funds concerning a plan to drain one trillion dollars of liquidity that was injected into the system.

If you research this you will find that techniques can start from the classical strategy to sell Treasuries to these entities

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In The News Today

Dear CIGAs,

Why did the Fed release the Bernanke brief today as hearings were cancelled? The 10 year bond issue of course.

With housing values on the decline again and little evidence of this promised sustainable recovery in US economics, the Fed talking Hawk is the focus in this week’s large bond auction.

If

Continue reading In The News Today