Jim Sinclair’s Commentary
Free of Friday? Below is a list of places to vent anything and everything. Sorry, Angel is not for rent.
Day of Rage Protests and Chaos planned by Activist Groups on Friday, July 15th
July 12, 2016 Robert Richardson
A group claiming to be the hacktivist group Anonymous, along with a number of other radical activist groups, is calling for a nationwide day of protesting on Friday, July 15th. Day of Rage protests are being planned by various groups in dozens of major cities throughout the country and police are gearing up for some major problems.
The hacktivist group released the following video to their followers; I warn you though there are some very graphic and disturbing scenes in the video.
Day of Rage Protests across America
While the group claims the protests will be peaceful, during the last week multiple police officers have been attacked, shot, and even murdered throughout the country. Major cities have had their highways shut down, and transit systems have had to reroute buses and traffic after these groups took over major roadways.
The media will tell you these people are peaceful, but as we have been reporting all week, and as you will see in the video below, at these so-called peaceful protests the leaders of these groups are calling for violence.
Do these people sound like peaceful protesters?
List of Cities where Day of Rage Protests will be Taking Place
Below is a list of cities that already have planned protests, we advise anyone in these areas to stay as far away as possible. There are a number of groups out there that are trying to use recent event to spread chaos throughout the country. This is no longer about police shootings, civil rights, or any of the other phony excuses they are using to terrorize these cities; this is about creating chaos and bringing the system to its knees.
Please Stay Alert!!! We have no way of knowing how serious these threats are, these groups have made similar threats in the past and nothing came of them, but with everything that has happened over the last week and with the Republican and Democratic Conventions coming up I think there is at least a reason to be concerned.
Please be careful if you live in these cities, and you may want to consider getting out of town on Friday:
Phoenix: 5:00PM (EASTLAKE PARK, 1549 E Jefferson St , Phoenix, AZ 85034)
Tuscon: 5:00PM (CATALINA PARK, 900 N 4th Avenue, Tucson, AZ 85705)
Little Rock: 6:00PM (OUTSIDE STATE CAPITOL BUILDING, Dr Martin Luther King Jr Dr., Little Rock, AR 72201)
San Francisco: 4:00PM (CIVIC CENTER PLAZA, 355 Mcallister St, San Francisco, California 94102)
Oakland: 4:00PM (FRANK OGAWA PLAZA, 1 Frank H Ogawa Plaza, Oakland, CA 94612)
Los Angeles: 4:00PM (LEIMERT PLAZA PARK, 4395 Leimert Blvd., Los Angeles, CA 90008)
Denver: 5:00PM (CIVIC CENTER PARK, 100 W 14th Ave Pkwy, Denver, Colorado 80204)
Washington DC: 7:00PM (OUTSIDE WHITE HOUSE, 1600 Pennsylvania Ave NW, Washington, DC 20500)
Atlanta: 7:00PM (OLD DECATUR COURTHOUSE, 101 E Court Sq, Decatur, GA 30030)
Tampa: 7:00PM (OUTSIDE HILLSBOROUGH COURTHOUSE, 800 E Twiggs St, Tampa, FL)
Orlando: 7:00PM (LAKE EOLA PARK, 195 N Rosalind Ave, Orlando, Florida 32801)
Miami: 7:00PM (GWEN CHERRY PARK, NW 71 St., Miami, Florida, 33147)
Chicago: 6:00PM (RICHARD J DALEY CENTER, 50 W Washington St, Chicago, Illinois 60602)
Des Moines: 6:00PM (IOWA STATE CAPITOL, 1007 E Grand Ave, Des Moines, IA 50319)
New Orleans: 6:00PM (LAFAYETTE SQUARE, New Orleans, LA 70130)
Baltimore: 7:00PM (201 E Pratt St, Baltimore, MD 21202)
Boston: 7:00PM (MASSACHUSETTS STATE HOUSE, 24 Beacon St, Boston, MA 01233)
Detroit: 7:00PM (Campus Martius Park, Detroit, Michigan 48226)
Lansing: 7:00PM (STATE CAPITOL BUILDING, Capitol Avenue at Michigan Avenue, Lansing, MI 48933)
Ann Arbor: 7:00PM (THE DIAG, Burns Park, Ann Arbor, MI 48109)
Minneapolis: 6:00PM (MINNEAPOLIS URBAN LEAGUE, 2100 Plymouth Ave N, Minneapolis, MN 55411
St. Louis: 6:00PM (GATEWAY ARCH, St. Louis 63102)
Carson City: 4:00PM (NEVADA STATE CAPITOL BUILDING, 101 N Carson St, Carson City, Nevada 89701)
Manhattan, NY: 7:00PM (TIMES SQUARE, Manhattan, NY, 10036)
Newark: 7:00PM (NEWARK CITY HALL, 920 Broad Street, Newark, New Jersey 07102)
Durham: 7:00PM (200 E. Main St. Durham, North Carolina)
Columbus: 7:00PM (GOODALE PARK, Columbus, Ohio 43215)
Cleveland: 7:00PM (CLEVELAND PUBLIC LIBRARY, 325 Superior Ave E, Cleveland, Ohio 44114)
Portland: 4:00PM (PIONEER COURTHOUSE SQUARE, 701 SW 6th Ave, Portland, Oregon 97204)
Philadelphia: 7:00PM (LOVE PARK, 1599 John F Kennedy Blvd, Philadelphia, Pennsylvania 19102)
Pittsburgh: 7:00PM (PITTSBURGH CITY-COUNTY BUILDING, 414 Grant St, Pittsburgh, Pennsylvania 15219)
Nashville: 6:00PM (801 Broadway Nashville, TN 37203 Estes Kefauver Federal Building)
Memphis: 6:00PM (Health Sciences Park Memphis, TN)
Austin: 6:00PM (TEXAS STATE CAPITOL, Outside South Gate-11th and Congress Ave.)
Salt Lake City: 5:00PM (SALT LAKE CITY COMMUNITY COLLEGE, 4600 S Redwood Rd, Salt Lake City, Utah 84123)
Seattle: 4:00PM (QUEEN ANNE BAPTIST CHURCH, 2011 1st Ave N, Seattle, Washington 98109)
Milwaukee: 5:00PM (DINEEN PARK, Milwaukee, Wisconsin)
Jim Sinclair’s Commentary
Are you crazy? Of course screw the people and save the banks. This is the New Normal!
In the euro zone’s latest crisis, Italy is torn between saving the banks or saving its people
Italy’s leaders are caught in a bind. The UK’s June vote to leave the European Union set off shockwaves across the bloc, which in turn exposed …
More news for FALL OF ROME In the euro zone’s latest crisis, Italy is torn between saving the banks or saving its people The nonnas aren’t happy. (Reuters/Alessandro Bianchi) SHARE WRITTEN BY Cassie Werber OBSESSION United States of Europe 6 hours ago Italy’s leaders are caught in a bind. The UK’s June vote to leave the European Union set off shockwaves across the bloc, which in turn exposed long-simmering weaknesses in Italy’s banks—possibly leading to the euro zone’s next crisis. The country’s biggest banks’ share prices, which were already under pressure, plummeted after the Brexit vote. Many are carrying too much bad debt that cannot be recouped. The Italian government, which has been dragging its feet on reforming its sickly financial system (paywall), might now need to step in and forestall an institutional failure that would be disastrous for the economy. But if Italy bails out the banks, it could to drag tens of thousands of ordinary Italians into the mess, too.
Jim Sinclair’s Commentary
Not to worry, lower rates will not stimulate borrowing.
Bill Gross: The Economy Needs Credit Creation to Multiply Growth
By Surbhi Jain | Jul 12, 2016 7:45 am EDT
Bill Gross stressed the importance of credit creation
In his Investment Outlook for July 2016, Bill Gross highlighted the importance of credit creation as the growth multiplier in the economy. Gross sees effective credit creation and velocity as the solution to current economic stagnation.
Bill Gross has an interesting analogy
To draw home his point, Gross etched out this very interesting analogy between the economy and a game of Monopoly. He likened the $200 that players collect every time they pass “Go,” to new credit creation in the economy. According to Gross, this credit is essential for the “ongoing health of our finance-based economy. Without new credit, economic growth moves in reverse and individual player ‘bankruptcies’ become more probable.”
The US (SPY) (QQQ) (IWM) Fed, the Bank of Japan (EWJ), and the European Central Bank (FEZ) (VGK) have all been printing enough money in the aftermath of the financial crisis of 2009 to keep their respective economic engine moving and translating to growth. The Fed alone has printed about $4 trillion in new money. However, what remains critical is whether new money has effectively translated to growth in the economy. The above table shows how recent increases in money supply, as gauged by M2, haven’t effectively translated to stock market growth in the developed market economies.
This is where credit creation becomes vital.
Jim Sinclair’s Commentary
I think the sheep are waking up.
“Panic Buying of Food in New Jersey?”
Tuesday, July 12, 2016 6:17
“Supermarkets in northeastern New Jersey are literally swamped with customers tonight, so much so that in some locations like Hoboken, lines are literally around the store to get it! It is a rather unusual situation since there are no closures or shortages of any kind, so SuperStation95 sent one of our intrepid editors, Chris Rivera, to ask what- if anything- is going on? He reports below:
“ShopRite in Hoboken, NJ is one of the largest supermarkets in Hudson County, and certainly the largest in this upscale, preppie, city of one square mile. Situated on the western side of the mighty Hudson River, one can see the entire New York City Skyline from just about everywhere in Hoboken. It’s a beautiful city.
So what is it that is causing lines out the door and wrapping around supermarkets in town? Despite the huge parking lot, I had to find street parking to head over to the ShopRite. I found a space about a block away. As I approached, I could see lots of typical Hoboken folks, chatting with each other as they patiently wait to get inside. I asked a few, why the big lines?
“Banks in Italy are collapsing” said Margarie Sytola. ”People can’t get money to buy food, the ATM’s are all out of cash.” I asked her why a banking issue in Italy would send her to the supermarket in Hoboken, NJ and she snapped back “The world is connected. What happens in Europe eventually happens here. I’m not going to be one of the people caught with nothing if the banks close.”
Jeff Charles, a nearby shopper who overheard our conversation, chimed-in. ”The banks never stopped gambling with our money after they were bailed out in 2008″ he said. ”The oldest bank in Italy, been in business since the year 1472, is going under. If a bank that old is going under, the rest don’t stand a chance” he said.
Jim Sinclair’s Commentary
I stopped teaching it because:
As central banks buy nearly everything, technical analysis is a fraud
Submitted by cpowell on Tue, 2016-07-12 17:10.
1:07p Tuesday, July 12, 2016
Dear Friend of GATA and Gold:
Zero Hedge today reports the latest findings by Citigroup market analyst Matt King, who has determined that stock markets keep going up because selling in emerging markets has been more than offset by “a surge in net global central bank asset purchases to their highest since 2013.”
Soon, perhaps, central banks will have purchased nearly everything to maintain asset prices and prevent markets from functioning, thereby enveloping the world in “financial repression.” Or, as a high school graduate remarked at GATA’s Washington conference in 2008, “There are no markets anymore, just interventions”:
So what are the “technical analysts” among the financial letter writers really analyzing? Not markets but their own gullibility or that of their subscribers.
Zero Hedge’s report on King’s findings is headlined “The ‘Mystery’ of Who Is Pushing Stocks to All-Time Highs Has Been Solved” and it’s posted here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.