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Jim’s Mailbox

Jim,

Here we go. Watch the Chinese control the finance world.

Regards, CIGA Luis Ahlborn Sequeira

China advocates Europe borrow in renminbi By David Marsh, MarketWatch

BEIJING (MarketWatch) — In the wake of last week’s new deal on European debt, China is serving up a steely reminder to Europe: you may have to

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In The News Today

Jim Sinclair’s Commentary

If called on to perform they will fail. It is that simple. It is the essence of the OTC derivative. They work if no one calls on them to work.

It has always been so.

Credit-Default Swap Risk Bomb Is Wired to Explode: Mark Buchanan 2011-10-30 23:00:00.1 GMT By Mark Buchanan

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The 2.5% GDP Growth Spin Job

By Greg Hunter’s USAWatchdog.com

Dear CIGAs,

Last week, the government announced the economy (gross domestic product, GDP) grew at a 2.5% rate.  The mainstream media (MSM) hailed this as some significant turnaround.  Businessweek.com reported, “Buoyed by a resurgent consumer and strong business investment, the economy expanded at an annual rate of 2.5 percent in

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In The News Today

Dear CIGAs,

I am on the road again but this time to return from summer in Tanzania to a blizzard in New England.

We got hammered. Over one foot of wet snow dropped trees like tooth picks. The temperature in Tanzania was about 85 degrees. The Indian Ocean is the color of the Caribbean

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The Age of Bank Failures

By Greg Hunter’s USAWatchdog.com

Dear CIGAs,

The U.S. stock market surged yesterday on news the European Union (EU) would deploy a two trillion euro rescue fund to help get its sovereign debt crisis under control.  This news was so good even battered Bank of America stock jumped more than 10%.  Crisis averted?  Hold on,

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KWN Weekly Metals Wrap

Dear CIGAs,

Please click the link below to listen to the past week’s metals wrap up from King World News, featuring our very own Trader Dan Norcini.

Click here to listen to the weekly metals wrap up!

Jim’s Mailbox

Hey Jim,

Oh, oh… it must be getting VERY close to game-over time for a central banker to be telling the truth!

"The last duty of a central banker is to tell the public the truth." –Federal Reserve Board Vice Chairman Alan Blinder, Nightly Business Report, 1994

Now if only Mr. Carney would be

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In The News Today

Jim Sinclair’s Commentary

This announcement seems to have had an impact as appliances speak so much to US basic economic conditions.

Whirlpool to cut 5,000 jobs to reduce costs By MAE ANDERSON

NEW YORK (AP) — Appliance maker Whirlpool Corp. plans to cut 5,000 jobs, about 10 percent of its workforce in North America

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