In The News Today

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If only you know your real nature, you will give no room for weakness or cowardice. This is the main aim of culture – to cultivate mental calm and courage; to make everyone feel kinship with everyone else. You are born with the cry ‘koham’ (who am I?), on your lips; when you depart, you must have the declaration ‘Soham’ (I am He), on your smiling face.
– SSB, Feb 17, 1964.

Jim Sinclair’s Commentary

Now our esteemed economic leaders have said rising prices is not inflation. It is not inflation because a shopper can elect to buy Spam instead of a steak or watch TV rather than go to a game. Listen to a radio if the TV costs after rising. Do nothing whatsoever if costs all over rise. This is the theory of substitution and is really being considered for social security inflation benefits and you know the CPI in time.

We will assume Spam and steak are out. TV is out and radio is in. Games are out and you can read the score in a day old newspaper you found on the ground. Voila! No inflation thanks to the substitution principle. Under this scenario if the entire population was to starve to death and doing nothing at all, it would totally eliminate the word inflation from all dictionaries.

This is not a joke. It is for real.

10 things you’ll pay more for in 2013
From satellite TV to baseball tickets, here’s what you’ll be shelling out more cash for this year.

Steaks, hamburgers and bacon
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Meat products are projected to cost up to 4% more next year, according to the U.S. Department of Agriculture.

In 2013, it will pay to be a vegetarian.

From hamburgers to bacon, most of Americans’ favorite meat products are expected to cost between 3% and 4% more this year, according to a December 2012 forecast by the U.S. Department of Agriculture.

The higher meat prices are linked to the historic drought that struck much of America’s farmlands this year, causing the price of corn — a common ingredient in animal feed — to skyrocket.

As the price of feed rose, many farmers reduced their livestock inventory — creating a meat supply crunch, said Chad Hart, an economics professor and grain markets specialist at Iowa State University.

More…

Jim Sinclair’s Commentary

The antics of the US government are far from over. This will make a great TV reality show.

There will be forming of alliances, blackmail and desertion. That should have great TV ratings.

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Jim Sinclair’s Commentary

Sellers of gold and buyers of the dollar last week forgot to see this Google map on their journey into markets.

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Jim Sinclair’s Commentary

A future congressman and financial engineer.

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Jim Sinclair’s Commentary

Sure they got a delay, maybe until the event of "First Contact."

The strict rules for you and I do not bend or delay. It appears the greatest investment in the world is $1 million donated to each party by husband and wife. One partner to the left, and one to the right. These are the new rules for investment in the New Normal.

JPMorgan to BofA Get Delay on Rule Isolating Derivatives
By Silla Brush – Jan 4, 2013 4:36 PM ET

JPMorgan Chase & Co. (JPM), Goldman Sachs Group Inc. (GS) and Bank of America Corp. won a delay of Dodd-Frank Act requirements that they wall off some derivatives trades from bank units backed by federal deposit insurance.

Commercial banks including the Wall Street firms may get as long as an additional two years — until July 2015 — to comply with the rules, the Office of the Comptroller of the Currency said in a notice yesterday. The so-called pushout provision was included in the 2010 financial-regulation law as a way to limit taxpayer support for risky derivatives trades.

The Commodity Futures Trading Commission and other regulators need to complete swap rules to allow “federal depository institutions to make well-informed determinations concerning business restructurings that may be necessary,” the OCC said in the notice. Dodd-Frank requires that equity, some commodity and non-cleared credit derivatives be moved into separate affiliates without federal assistance.

Regulators including Federal Reserve Chairman Ben S. Bernanke had opposed the provision, saying it would drive derivatives to less-regulated entities. In February, the House Financial Services Committee approved with bipartisan support legislation that would let banks keep commodity and equity derivatives in insured units by removing part of the rule.

The OCC is prepared to “consider favorably” requests for transition, the regulator said in the six-page notice. The agency said delays could be extended for a third year based on consultations with other regulators.

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Jim Sinclair’s Commentary

Say something like this now and you go on the terrorist watch list. The long hair is a giveaway.

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Jim Sinclair’s Commentary

He studies and informs us for a living. His work is deserving of our support.

- Fiscal Crisis Continues Unabated; Last-Minute „Cliff‰ Deal Did Nothing to Reduce or Contain Budget Deficits
- No Way of Avoiding A Recession That Already Is Underway
- December Unemployment Rate Actually Rose by 0.1%
- ShadowStats Unemployment Estimate at New High
- December Unemployment: 7.8% (U.3), 14.4% (U.6), 23.0% (ShadowStats.com)
- December M3 Annual Growth at 3-1/2 Year High

No. 492: Fiscal Fiasco, December Employment and Unemployment, November Construction
www.ShadowStats.com

Jim Sinclair’s Commentary

New Years Day in Africa.

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In Tanzania on New Years Day the transparency and color of the Indian Ocean is akin to the Caribbean. Calm at lower tides, and waves like the Atlantic at high tides.

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While back on shore the spectators watch the kids.

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Tanzania is the home to many spiritual disciplines including Buddhism.

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