Jim’s Mailbox

Posted at 11:35 AM (CST) by & filed under Jim's Mailbox.

Listen: this world is the lunatic’s sphere, don’t always agree with it.
Even with my feet upon it and the postman knowing my door, my address is somewhere else.
–Hafez

Inaction breeds doubt and fear. Action breeds confidence and courage. If you want to conquer fear, do not sit home and think about it. Go out and get busy.
–CIGA Craig

 

Jim Sinclair’s Commentary

CIGA Gary has it right. The gold manipulation is another Hail Mary play to keep the dollar attractive. The entire hope is that when it all hits the fan gold will move from this lower base. It will, but ahead of time and soon.

Fun Facts With Paper Money

Continental

‘Not Worth a Continental’… ‘Shin Plaster’… ‘Queer as a Three Dollar Bill’ …

The United States has already experienced two currency collapses.

The first was the Continental Currency the American colonists used to finance the Revolutionary War. While the Americans won their independence, their currency was destroyed in the process.

The second were the Confederation notes. In an effort to finance the civil war with the North, the Confederate States of America issued vast amounts of money. At one point, the Secretary of the Treasury recommended that counterfeit money be utilized. Anyone holding a counterfeit bill was to exchange it for a government bond. The government would then stamp it "valid" and spend it.

dollarsariveiraq372ready

An armed guard poses beside pallets of $100 bills in Baghdad.

Almost $12 billion in cash was spent by the US-led authority

The US flew nearly $12 billion in shrink-wrapped $100 bills into Iraq,

then distributed the cash with no proper control over who was receiving it,or how it was being spent.

6a0167637d60a8970b0168e8c251d4970c-800wi

Throughout history no paper currency has survived.

“Paper money eventually returns to its intrinsic value – ZERO”.
Voltaire 1729 (he has yet to be proven wrong…)

Inflation1923

Inflation 1923-24: A German woman feeding a stove with currency notes, which provide more heat than the amount of firewood they can buy.

USD_Graph

1934 – Franklin Roosevelt’s ‘New Deal’ / Redeemable in Lawful Money … ?    Present Value $10.00

fr2009FtendolRaw

1933 Ten Dollar Gold Coin – Current Melt Value $ 700.

eagles3