Posted at 11:31 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

This is a very good perspective on how we “enhanced” our standard of living, only at the cost of printing “IOU’s”.

Gold and United States Imported Oil
September 12, 2016

The US has imported crude oil for many decades. The following data (1970 – 2015) comes from the Energy Information Administration of the US government. This data shows reported barrels of crude oil imported into the US.

(Note: This is not a comprehensive analysis of imported energy, nor does it compensate for exports of crude oil, imports or exports of coal, natural gas or other energy sources.)

Imported crude oil has increased erratically since 1970. Imports are down somewhat since 2008 due to the rise of fracking and the ongoing recession.

More…

Jim Sinclair’s Commentary

He sounds like Donald Trump to me! Maybe Billy and Hillie have changed their minds?

Bill Clinton talking about immigration in the 1995 State of the Union.

Jim Sinclair’s Commentary

This is very serious and getting much harder to hide. I feel for her, but pressure is the name of the job she is working at.

Posted at 12:11 PM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

The latest from John Williams’ www.shadowstats.com

- Tough Week Ahead for Headline Economic Data

- No Chance of a Near-Term Overheating of the Economy

- Jawboning for an Imminent FOMC Rate Hike Hits Stocks, Boosts the Dollar, Hits Gold and Silver

- Broad Outlook Unchanged

“No. 831: General Outlook “
http://www.shadowstats.com

Hillary Calls Trump Supporters A “Racist, Sexist, Homophobic, Basket Of Deplorables”
September 10, 2016

Several days ago, the WSJ reported that in a change of strategy, Hillary would tone down her personal attacks on Trump to distance herself from an increasingly uglier mudslinging campaign on both sides. It didn’t last long: perhaps after she saw the latest polls which continue to slip away from her favor, and confirm the two candidates are again neck and neck, on Friday night during an LGBT fundraiser for her campaign in New York hosted by Barbara Streisand, Hillary unleashed an unprecedented ad hominem attack on what amounts a quarter of America, calling half of Trump’s supporters a “basket of deplorables.”

Cited by BuzzFeed, Hillary made a statement which 4 years ago effectively lost Mitt Romney the election: “you know, just to be grossly generalist, you could put half of Trump’s supporters into what I call the basket of deplorables.”

“Right?” she said as the crowd laughed and applauded. “The racist, sexist, homophobic, xenophobic, Islamaphobic — you name it,” Clinton continued. “And unfortunately there are people like that. And he has lifted them up. He has given voice to their websites that used to only have 11,000 people — now have 11 million. He tweets and retweets their offensive, hateful, mean-spirited rhetoric.

More…

Posted at 10:43 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

Imagine that?

Justice Dept. Granted Immunity to Specialist Who Deleted Hillary Clinton’s Emails
September 8, 2016

WASHINGTON — A computer specialist who deleted Hillary Clinton’s emails despite orders from Congress to preserve them was given immunity by the Justice Department during its investigation into her personal email account, according to a law enforcement official and others briefed on the investigation.

Republicans have called for the department to investigate the deletions, but the immunity deal with the specialist, Paul Combetta, makes it unlikely that the request will go far. Representative Jason Chaffetz of Utah, the top Republican on the House oversight committee, asked the Justice Department on Tuesday to investigate whether Mrs. Clinton, her lawyers or the specialist obstructed justice when the emails were deleted in March 2015.

Mr. Combetta is one of at least two people who were given immunity by the Justice Department as part of the investigation. The other was Bryan Pagliano, a former campaign staff member for Mrs. Clinton’s 2008 presidential campaign, who was granted immunity in exchange for answering questions about how he set up a server in Mrs. Clinton’s home in Chappaqua, N.Y., around the time she became secretary of state in 2009.

More…

Jim Sinclair’s Commentary

The latest from John Williams’ www.shadowstats.com

- Tough Week Ahead for Headline Economic Data


- No Chance of a Near-Term Overheating of the Economy


- Jawboning for an Imminent FOMC Rate Hike Hits Stocks, Boosts the Dollar, Hits Gold and Silver


- Broad Outlook Unchanged
 

“No. 831: General Outlook ”

http://www.shadowstats.com

Posted at 5:23 PM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

Some of the management of the present Administration would never believe it, however it’s true.

“What A Mess!” – Pentagon At War With CIA In Syria
September 6, 2016

What a mess! In the crazy Syrian war, US-backed and armed groups are fighting other US-backed rebel groups. How can this be?

It is so because the Obama White House had stirred up war in Syria but then lost control of the process. When the US has a strong president, he can usually keep the military and intelligence agencies on a tight leash.

But the Obama administration has had a weak secretary of defense and a bunch of lady strategists who are the worst military commanders since Louis XV, who put his mistress, Madame de Pompadour, in charge of French military forces during the Seven Year’s War. The French were routed by the Prussians. France’s foe, Frederick the Great of Prussia, named one of his dogs, ‘la Pompadour.’

More…

Bill Holter’s Commentary

My “German” Shepherds tried to register to vote and were turned away, I am appalled!

But then again they are natural born Costa Rica citizens and love to swim.

DOJ Catches Texas Violating The Court Order Against Its Voter Suppression Law
September 7, 2016

No one could have seen this one coming. Texas is violating a court order intended to prevent it from suppressing the vote, according to the U.S. Department of Justice. In July, a federal appeals court held that Texas’ voter ID law, a common method of voter suppression, violates the Voting Rights Act. In response, Texas agreed to be bound by a court order during the upcoming election that offers a workaround for voters who “cannot reasonably obtain” ID. T

More…

Posted at 5:38 PM (CST) by & filed under Jim's Mailbox.

Jim/Bill,

Common sense and basic principles are anachronisms. You can’t rely on your educational learnings. Applying them to today’s manipulated markets is suicide. Things really are different this time. Looking back at Weimar Germany, the smart money moved their holdings offshore to more stable currencies like the UK Sterling or US Dollar. Fortunes were made off the deteriorating Deutschmark. Unfortunately, that doesn’t fly today as the game has changed. We are now a GLOBAL economy. When one economy dies, they all die. When one currency dies, they all die! That makes Gold and Silver even more precious than in years past, as it has NO ties to anything or anyone. A standalone asset.

How much gold is in your wallet?

CIGA Wolfgang Rech

Warning to investors – DO NOT INVEST IN CURRENCIES
September 6, 2016

We see from time to time articles from investment groups talking about how they believe that the US Dollar will be strong for the next 18 months blah blah blah. It’s always positive to hear investment managers learning about FX. Unfortunately, as we explain in Splitting Pennies – FX isn’t like other markets. Investing in Currencies is an outright gamble. Let’s elaborate on this point, the difference between TRADING and INVESTING.

When someone says that the US Dollar will be ‘up’ in the next 6 months – how do they know there won’t be a black swan event, such as an act of terror, a surprise interest rate increase, a coup, or any number of other events that can shake markets?

More…

Posted at 5:34 PM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

The latest from John Williams’ www.shadowstats.com

- Real Construction Spending Remained Down 24% (-24%) from Recovering Its Pre-Recession Peak

- Weakest Real Construction Spending Growth since Series Trough in 2011

- Monthly Unemployment Data Simply Are Not-Comparable, Heavily Skewed by Inconsistent Seasonal Adjustments

- August 2016 Unemployment Rates Held Even: U.3 at 4.9%, U.6 at 9.7% and the ShadowStats-Alternate Rate at 23.0%

- Actual Monthly Change in August Payrolls Likely Was a Contraction – Though Bloated by Seasonal-Factor Distortions and Add-Factors, Annual Payroll Growth Effectively Held at a 30-Month Low – Second-Quarter Real Merchandise Trade Deficit Remained Worst Since 2007

- Surging Soybean Exports Provided Short-Lived, Temporary Relief for the July and Early-Trend Third-Quarter Trade Deficits

- Annual M3 Growth Notched Higher to 4.2% in August 2016, from 4.1% in July, With the Annual Decline in the Monetary Base Just Shy of a Record

“No. 829: Labor Market, Trade Deficit, Construction Spending, M3 and Consumer Conditions “

- Private Sector Clobbered by 2016 Payroll Benchmark Revisions

- Biggest Hits Were to Health Services, Temp Services, and Retail Trade

- Biggest Upside Revision Was in Government

“FLASH No. 830: Initial 2016 Benchmark Payroll Revisions “

http://www.shadowstats.com

Posted at 1:28 PM (CST) by & filed under Jim's Mailbox.

Dear Jim,

In its 100 year history, the Fed has NEVER reduced the size of its balance sheet. They ARE NOT GOING TO TIGHTEN. Talk is all they have left, so every time we have a Fed meeting on the schedule, the tired old rumors of a possible rate hike get trotted out again. The eternal unending devaluation of your money is well underway.

But don’t forget the Yen and the Euro look worse, so once again the dollar looks good when compared with other brands of electric toilet paper.in the meantime, thanks to your advice I returned 2000% on my investments in the first decade of this century. I intend to beat that in the second decade.

Thanks for caring,

CIGA Jack