My Dear Friends,
I am informed that the new one dollar coins to be released have dropped "In God We Trust."
Maybe the mint should keep them if you believe in that trust.
Respectfully,
Jim
Jim Sinclair’s Commentary
Patrick takes this period of ushering us in 2013 to remind you that since this speech was given, the dollar’s problems have multiplied by many orders of magnitude. For your sake listen to this and contemplate that.
Jim Sinclair’s Commentary
Nap time at my daughter’s house.
Jim Sinclair’s Commentary
During gold’s reaction the Bears climb back out with their dire predictions. They pay no attention to the fact that the dollar has its foundations in sand.
Jim Sinclair’s Commentary
Bold monetary easing seems to have become a mantra of re-elected and new governments.
A bolder wash out of fiat paper must follow. Let the government/gold bank magicians try and manipulate that away.
Japan’s Ruling LDP Agrees With Ally on 2% Inflation Target Plan
By Takashi Hirokawa & Isabel Reynolds – Dec 25, 2012 12:00 PM GMT-0300
Japan’s incoming Prime Minister Shinzo Abe agreed with his coalition ally Natsuo Yamaguchi of the New Komeito Party on a policy package that includes “bold monetary easing” to reach an inflation target of 2 percent.
The accord announced in a statement yesterday in Tokyo bolsters the position of Abe’s Liberal Democratic Party in the lower house, where it won a landslide victory in this month’s election. With New Komeito backing a cornerstone of Abe’s economic platform, the LDP is also in a better position to campaign for July elections in the upper chamber, where the party lacks a majority.
Japan’s incoming Prime Minister Shinzo Abe, left. agreed with his coalition ally Natsuo Yamaguchi of the New Komeito Party on a policy package that includes “bold monetary easing” to reach an inflation target of 2 percent. Photographers: Tomohiro Ohsumi (Abe), Noriyuki Aida (Yamaguchi)/Bloomberg
“Abe will focus even more on economic policies,” said Tokyo-based independent political analyst Harumi Arima. “If voters get the sense that the economy is improving, he is likely to win in the upper house and he will have a more stable administration.”
Abe is scheduled to appoint a cabinet today after the lower house names him as prime minister.
New Komeito had cautioned during the election campaign that forcing the Bank of Japan (8301) to reach a 2 percent inflation target risked undermining its independence. Abe has called for “unlimited easing” to reach the price goal and for increased spending on public works.