Dear CIGAs,

Now the very modest recovery is showing significant strains. MOPE aside, the illustrations below are a road map that you can have confidence in.

Jim Sinclair’s Commentary

John Williams’ ShadowStats.com is an essential subscription service.

- February Retail Sales Gain of Questionable Reporting Quality
- January Trade Deficit Suggests Downside Pressure on First-Quarter GDP Growth

"No. 356: February Retail Sales, January Trade Deficit"
Web-page: http://www.shadowstats.com?p=653 ^[1]

Jim Sinclair’s Commentary

The media is never going to show you the demonstrations by state workers.

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Jim Sinclair’s Commentary

Peak production of oil was a future concept 20 years out.

With the chaos in the Middle East being poorly handled by the West and hyperinflation on the horizon, peak oil production is of major concern here and now.

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Jim Sinclair’s Commentary

Monitoring the situation. Do you believe that?

NATO to move warships into central Mediterranean

BRUSSELS, March 10 (Xinhua) — NATO has decided to move warships to the central Mediterranean to enhance monitoring the situation in Libya, the alliance’s chief said on Thursday.

"We have decided to increase the presence of NATO maritime assets in the central Mediterranean … These ships will improve NATO’s situational awareness, which is vital in the current circumstances, and they will contribute to our surveillance and monitoring capability, including with regard to the arms embargo established by the UN Security Council," Anders Fogh Rasmussen said at a press conference following a meeting of NATO defense ministers.

Rasmussen said that the ministers had designated NATO military authorities to develop "detailed planning" concerning humanitarian aid and enforcing arms embargo.

However, the ministers failed to reach an agreement on the imposition of a no-fly zone over Libya amid divisions between allies.

The NATO chief said that NATO must have a "demonstrable need" for action, a "clear legal basis" and "firm regional support" to launch operation to tackle the Libya crisis.

More… ^[4]