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Obama calls for debt-limit hike Formal request gives Congress 15 days to object By Greg Robb, MarketWatch Jan. 12, 2012, 4:03 p.m. EST

WASHINGTON (MarketWatch) — President Barack Obama formally asked Congress to increase in the U.S. debt limit on Thursday, triggering a process to raise it by $1.2 trillion.

Congress now has

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In The News Today

 

Jim Sinclair’s Commentary

Want high priced oil? Here are two ways – sanctions, and mention the possibility of World War 3.

“Saudi Arabia is reportedly nearing its oil output capacity limit and may have little room to respond to potential shortages caused by sanctions on Iran. Currently pumping just under a

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Jim Sinclair’s Commentary

This is the mechanism of the marketplace which according to eminent commentary is BROKEN. Yet, 99% of those that read this will do absolutely nothing to protect themselves. You must be your own Clearinghouse and your own Central Bank. You must as a minimum use the direct registration system for your

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Jim Sinclair’s Commentary:

Another instance of replacement. Quietly, it spreads.

Iran, Russia Replace Dollar with National Currencies in Trade Exchanges

TEHRAN (FNA)- Iran and Russia have replaced US Dollar with their own currencies in their trade ties, a senior Iranian diplomat announced on Saturday.

Speaking to FNA, Tehran’s Ambassador to Moscow Seyed Reza

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Jim Sinclair’s Commentary

Stefanmo’s work has great merit, offering you one more resource. Click on chart to access his blog site.

 

Jim Sinclair’s Commentary

The Board of Wizards that decide when a credit event is a default or not a default is the ISDA. If they decide a credit event

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Jim Sinclair’s Commentary

Sad, but true.

 

Jim Sinclair’s Commentary

The Fed bails out the Euro.

Jim Sinclair’s Commentary

Absolutely yes! They fain friendship while they spin the evil webs to steal.

Cohan: Did Psychopaths Take Over Wall Street? By William D. Cohan Jan 2, 2012 7:01 PM ET

Jan. 3 (Bloomberg)

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In The News Today

Dear Friends,

This is pure global QE. The Fed provides the swaps which is a form of loan for the ECB to lend to their banks who in turn buy Euro Federal paper.

The veil is so thin and the result is exactly the same as QE in this global world with the Fed

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