Posts Categorized: Jim’s Mailbox

Jim’s Mailbox

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Jim, The next chapter (7,11,13,etc)! And the bailouts or bankruptcies begin: Sovereign debt folding (Greece)Provincial debt folding (Carinthia)Territorial debt folding (Puerto Rico)Municipal debt unraveling in the U.S.Corporate debt in China (Baoding Tianwei Baobian Electric LTD third listed Chinese firm to proceed … without a bailout)Corporate debt in America (Fracking loans) folding Yet to come: US… Read more »

Jim’s Mailbox

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Jim, News Flash! Attention Mr. and Mrs. America and all the ships at sea: There will no longer be ANY bad news in America! Heretofore, all news will be deemed good. CIGA Wolfgang R Newsmeister New Home Sales Tumble By Most In Almost 2 Years As Northeast Crashes Submitted by Tyler Durden on 04/23/2015 –… Read more »

Jim’s Mailbox

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Jim, The Fed is on the verge of bankruptcy and they admit that is "no problem" if they go broke. It is just temporary! Translation: It’s only temporary until we discard this current fiat currency and establish a new one. If this doesn’t scare the bejeezus out of people, nothing will. Even Jamie Dimon points… Read more »

Jim’s Mailbox

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Jim, A very supportive article on gold and silver by Stewart Thompson. I’ve followed him for some time and he’s not an impetuous sort of guy, but rather thoughtful and reflective; taking charts into account… but not being led by the nose by them. Buy gold equities now, he says, and physical will continue its… Read more »

Jim’s Mailbox

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Jim, Just a thought. If cash were banned to allow the Fed to have negative interest rates below minus 100 bp, wouldn’t that create a massive flight out of bonds and into gold? Also note that reference that such a scenario would prevent people from “opting out of the system!” Exactly what you’ve been saying… Read more »

Jim’s Mailbox

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Jim, First Jamie Dimon said it, now Prudential says it. If I’m not mistaken, it seems like there would be no bid when the interest rate environment changes. Everyone is complacent, expecting the Fed to maintain low rates for the foreseeable future, thereby supporting bond prices. Should this scenario change, bondholders seeking bids for their… Read more »

Jim’s Mailbox

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Jim, Remember comedian Henny Youngman? "Take my wife… please!" Well, here’s the government to ALCOA… "Take my money… please!" Maybe, with the negative interest rate environment taking place worldwide, ALCOA will get paid to take this loan! This is how far the corruption and crony capitalism has come in America. You may laugh at this,… Read more »

Jim’s Mailbox

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Jim, Physical versus paper. Paper covers rock but not forever. Soon paper will be on the bottom and rock will be on the top. CIGA Miki Central Bank Gold Buying Soars To Near A 50-Year High April 10, 2015 During 2014 country Central Banks bought 477 tonnes…close to a 50-year high…and that’s equivalent enough to… Read more »