Jim Sinclair’s Commentary
How the misguided Wall of Worry that gold investors and traders constantly face will be resolved:
Jim Sinclair’s Commentary
1. People can get very angry at increases in price even if there is no inflation.
2. Three counts of attempted capital murder with an air gun? Was it a Daisy BB gun?
Police: Angry Taco Bell customer fires at officers
(03-21) 08:13 PDT SAN ANTONIO, TX (AP) –
Police say a San Antonio Taco Bell customer enraged that the seven burritos he ordered had gone up in price fired an air gun at an employee and later fired an assault rifle at officers before barricading himself into a hotel room.
San Antonio police Sgt. Chris Benavides says officers used tear gas Sunday night to force the man from the hotel room after a three-hour standoff. The man is charged with three counts of attempted capital murder. Authorities have not released his name.
Brian Tillerson, a manager at the Taco Bell/KFC restaurant, told the San Antonio Express-News that the man was angry the Beefy Crunch Burrito had gone from 99 cents to $1.49 each.
Jim Sinclair’s Commentary
This is meaningless because the need is information on loans to hedge funds, partnerships and individuals as was permitted by initiatives.
Fed Must Release Bank Loan Data as High Court Rejects Appeal
By Greg Stohr and Bob Ivry – Mar 21, 2011 8:50 AM MT
The Federal Reserve will disclose details of emergency loans it made to banks in 2008, after the U.S. Supreme Court rejected an industry appeal that aimed to shield the records from public view.
The justices today left intact a court order that gives the Fed five days to release the records, sought by Bloomberg News’s parent company, Bloomberg LP. The Clearing House Association LLC, a group of the nation’s largest commercial banks, had asked the Supreme Court to intervene.
“The board will fully comply with the court’s decision and is preparing to make the information available,” said David Skidmore, a spokesman for the Fed.
The order marks the first time a court has forced the Fed to reveal the names of banks that borrowed from its oldest lending program, the 98-year-old discount window. The disclosures, together with details of six bailout programs released by the central bank in December under a congressional mandate, would give taxpayers insight into the Fed’s unprecedented $3.5 trillion effort to stem the 2008 financial panic.
