Posted at 2:36 PM (CST) by & filed under In The News.

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Debbie Wasserman-Schultz Gets the Boot

Jim Sinclair’s Commentary

Which is better, a loose cannon, or an computer and radar driven electronic gattling gun that simply never stops firing?

Wikileaks Emails Bring New Attention to Hillary Victory Fund “Money Laundering” Charges
July 26, 2016

The problem with conspiracy theorists is that, quite frequently, the theorists lack adequate imagination. That seems to be the case when it comes to the Democratic National Committee’s behind-the-scenes machinations to muscle Hillary Clinton into the White House while plotting against her main challenger, Bernie Sanders. That conclusion stems from the trove of 20,000 DNC emails dumped into the public sphere by Wikileaks last Friday.

The leaked emails have cost Debbie Wasserman Schultz her job as Chair of the DNC but other top DNC officials captured in devious plots against Sanders in the email exchanges still have their jobs – or at least no official firings have been announced. This makes the conspiracies seem more like a DNC business model.

The DNC’s own charter demands that it treat all Democratic primary candidates fairly and impartially, but top DNC officials made a mockery of that mandate. In addition to conjuring up ways to smear Clinton challenger Bernie Sanders during the primary battles, the leaked emails show a coordinated effort to cover up what the Sanders camp called “money laundering” between the Hillary Victory Fund and the DNC.

Despite the fact that the Sanders campaign had no such active arrangement with the DNC, the DNC agreed to participate in the Hillary Victory Fund, a joint fundraising committee that sluiced money to both Hillary’s main candidate committee, Hillary for America, as well as into the DNC. To a much tinier degree, funds also went to dozens of separate State Democratic committees.

More…

Unity for Hillary, Nate Beeler,The Columbus Dispatch,democratic, convention, rigged, unity, donkey, hillary clinton, 2016, philadelphia, leaked, email, dnc, rigging, politics, president, presidential, election, nomination, nominee, candidate

Jim Sinclair’s Commentary

Extraordinary or coincidence? You do realize this import number is nearly exact to the ounce to the “surprise” amount of gold standing for delivery in July? If not a coincidence…someone…somewhere needs gold for delivery VERY badly!

Record Swiss Gold Flow Into The United States
July 26, 2016

There was a huge trend change in U.S. gold investment in May. Something quite extraordinary took place which hasn’t happened for several decades. While Switzerland has been a major source of U.S. gold exports for many years, the tables turned in May as the Swiss exported a record amount of gold to the United States.

How much gold? A lot. The Swiss exported 50 times more gold in May than their monthly average (0.4 mt) since 2015:

As we can see, the Swiss gold exports to the United States are normally less than 0.5 metric ton a month. And for many months there weren’t any gold exports. However, something big changed in May as Swiss gold exports surged to 20.7 mt (665.500 oz).

The overwhelming majority of gold flows from the U.S. have been exports to Switzerland and the United Kingdom (U.K.):

More…

Jim Sinclair’s Commentary

CIGA NT sends us an article to give you a warm and fuzzy feeling about storing your life savings in a bank, who of course will bail you in to cover their next screw up in quest what? Derivatives of course.

Gold and Silver are for savings, not speculation but rather insurance. Currency is for transactions which you can watch daily depreciate in buying power.

7 Years On From Crisis, $150 Billion In Bank Fines And Penalties
April 30, 2015

More than seven years after the global financial collapse, regulators and investors are still working through an epic pile of lawsuits and other civil actions, collecting settlements, fines and other penalties for a long list of wrongdoing.

The latest settlement involved Bank of America, which agreed this week to pay $180 million to settle a lawsuit that claimed the Charlotte, North Carolina-based bank and others manipulate foreign-exchange rates, according to The Wall Street Journal. JPMorgan Chase has already settled with the same investor group, while others, including Citigroup, are expected to settle soon, the The Journal notes.

The 2013 lawsuit claimed bank traders shared customer information to profit at their clients’ expense, according to the report.

The settlement follows a seven-year effort by federal and state regulators that included dozens of actions related to a broad range of misconduct and fraud, including bilking mortgage investors, laundering money and evading taxes. So far, banks and other institutions have paid more than $150 billion in fines, settlements and other penalties, according to a tally by the Financial Times.

That compares with roughly $700 billion in profits generated by U.S. banks between 2007 and 2014, according to Federal Deposit Insurance Corp. data.

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Jim Sinclair’s Commentary

“A little dab will do ya” (The 50s and Vaseline hair tonic jingle). Here comes QE with a better aim and a brand new name.

Japan Unveils $265bn ‘Aeroplane Money’ Stimulus; Will It Help?
July 27, 2016

Japanese Prime Minister Shinzo Abe today announced his government would compile a 28 trillion yen (USD 265 billion) fiscal package, including stimulus measures such increased government spending and loan programs. In an interview to CNBC-TV18, Michael Every of Rabobank said that velocity of money will be as important as the quantum of spending announced and that for the stimulus to be effective, the Japanese government should go out and spend.

“Do they actually have projects ready to spend that much money on over the next 12 months, if they don’t it is a paper figure and the bureaucrats who just sit there for ages working on how to spend it and it does nothing to the real economy,” he asked. Terming it as “aeroplane paper money” as opposed to the helicopter money term that is increasingly being used for ballooning government spending, Every said that in the short term, it could push down the yen and boost Japanese equities. Geoff Lewis of Manulife Asset Management said the government should coordinate its fiscal stimulus with monetary stimulus expected from the Bank of Japan Friday. “But at least we are moving away from this emphasis on fiscal austerity combined with monetary expansion,” he said.

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Jim Sinclair’s Commentary

You know there are reasonable arguments that we all are in hell, but just do not know it.

Houthi Rebels Invade Saudi Arabia, Launch Ballistic Missile In Counter-Offensive
July 26, 2016

While the war in Syria continues to rage and the world’s focus oscillates between American elections, terror attacks in Europe, and a failed Turkish coup (which no one really understands), a scrappy band of rebels in Yemen has not only withstood an onslaught from the Saudi-led coalition, they have managed to launch a counteract that amounts to an invasion of Saudi Arabia.

Despite the fact that the Saudi-led coalition has launched a full-on attack and invasion of Yemen, a group of poorly armed and poorly trained “militiamen” have successfully defeated the Saudis, Qataris, and Emirates – themselves backed by the United States in terms of intelligence and strategic assistance – and have not only dealt massive blows to coalition forces but have now managed to inflict blows to the Saudis on their own territory.

In a story that went virtually unreported in the West, the Houthis managed to wrest control of three Saudi military bases in Saudi Arabia’s Jizan province, located near the Saudi-Yemen border in January of this year. The bases Jabal al-Doud, al-Aril, and Madba were all seized by Houthi forces and fighters with “allied Popular Committees.”

In addition, the Houthi forces along with Yemeni soldiers launched retaliatory shelling strikes inside Saudi Arabia’s al-Makhrouq military base in the southern Najran region.

Houthis and allied Yemeni fighters have long been inflicting heavy damage upon Saudi and Saudi-led coalition troops and vehicles deployed on the ground inside Yemen as well as occasionally downing coalition jets. The fighters have also managed to damage Saudi ships located off the coast.

Now, in July, 2016, Houthi forces are launching ballistic missiles into Saudi Arabia. According to reports coming from Al-Masdar, Houthis launched a Tochka ballistic missile toward the Ahad al-Masarihah Military camp, resulting in a heavy death toll of Saudi soldiers as well the destruction of several armored vehicles.

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Jim Sinclair’s Commentary

We are at total war, wake up Washington and call a spade a spade. Stop with the political correctness. We have all had it both Democrat and Republican, left and right.

The Human Toll of Terror
July 26, 2016

The pace and scope of the killing are dizzying. Some 300 members of families blown apart by bombs as they celebrated the end of Ramadan in Baghdad. Forty-nine dead at the Istanbul airport, 40 more in Afghanistan. Nine Italians, seven Japanese, three students at American universities and one local woman brutalized in the diplomatic quarter of Dhaka, Bangladesh. The bodies piled up on a bus in Somalia, at a mosque and video club in Cameroon, at a shrine in Saudi Arabia.

All that carnage was in a single week — a single week of summer in what feels like an endless stream of terror attacks. Orlando and Beirut. Paris and Nice and St. Etienne-du-Rouvray, France. Germany and Japan and Egypt. Each bomb or bullet tearing holes in homes and communities.

We stopped the clock on two weeks in March when there were high-profile attacks that commanded headlines — and attacks in places where they have become almost routine. In that period, we counted 247 men, women and children cut down by Islamist extremists in mass killings carried out at soft targets in six countries.

Eight couples were slain together, doing the things couples do.

Muhammad and Shawana Naveed, wed three months before, went for a Sunday stroll in a Pakistan park.

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Unity

Coming Instructions

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Posted at 6:20 PM (CST) by & filed under Jim's Mailbox.

“The Twilight Zone” – compliments of CIGA Wolfgang

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Jim/Bill,

Marty, Marty, Marty…..just say it! If Feldstein is worried, should we be? Perhaps.

He states the obvious:

-a return to normalized interest rates would crush our economy vis-a-vis a massive increase in debt servicing.  Of course, everyone with half a brain understands this.

Yet most are assuaged by the length of time Feldstein uses for us to reach the “event horizon.”

“By 2046, the projected outlays for the ‘mandatory’ entitlement programs (Social Security and the major health programs), plus interest on the debt, would absorb more than all of the revenue that the government would collect with current tax rates”

But if you think about it for a moment, if he were to state the timeline would be inside of 1-2 years, he’d be considered a nutjob, as people continue to refuse to believe in an Armageddon scenario.

So……..he moves his timeline much further out, making people feel it’s a distinct possibility, but nothing to worry about just yet.

Yet, his true underlying belief in a shorter timespan can be witnessed by his closing remarks:

“But it should be a top priority for whoever moves into the White House next year. Given the need to act quickly to avoid the worst-case scenario, there is no excuse for waiting.”

Very smart.

CIGA Wolfgang Rech

Why the U.S. Strong-Dollar Policy Is Relic of Long-Gone Era: Q&A
July 19, 2016

The so-called strong-dollar policy has been a mantra of U.S. Treasury departments for more than two decades. Now, with Donald Trump and Hillary Clinton being anointed as the respective Republican and Democratic presidential nominees, America’s currency doctrine is due for a rethink.

The greenback has surged around 20 percent since mid-2014, and speculation has been rife this year that global policy makers might reach a coordinated currency pact to weaken the dollar. Group of 20 finance ministers and central bankers gather in China later this week amid a storm of conditions that have kept the dollar strong, including the Brexit vote and weak global growth.

1. What is the policy?

Ever since then-Treasury Secretary Robert Rubin in 1995 began promoting the dogma that a strong dollar is in the U.S.’s interest, every administration has followed suit. Now the policy — left over from a world before the G-20 agreed to refrain from currency manipulation — has become inescapable, says Eswar Prasad, whose 2014 book “The Dollar Trap” makes the case that the greenback will remain the cornerstone of the global economy.

“It’s difficult for a Treasury secretary to say they don’t want a strong dollar, because that will be seen as a sign of economic weakness,” Prasad says.

More…

Posted at 6:13 PM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

Who is the most endangered species on the planet? It is those of you out there depending on a pension now, or at retirement! You are headed for real trouble and suffering!

Why Pensions’ Last Defense Is Eroding
July 25, 2016

Long-term returns for U.S. public pensions are expected to drop to the lowest levels ever recorded, portending deeper pain for states and cities as a $1 trillion funding gap widens.

Twenty-year annualized returns for public pensions in the U.S. are poised to decline to 7.47% once fiscal 2016 results are released in coming weeks, according to an estimate from Wilshire Trust Universe Comparison Service, which tracks pension investment returns.

That would be the lowest-ever annual mark recorded by Wilshire, which began tracking the statistic 16 years ago. In 2001, near the height of the dot-com boom, pensions’ 20-year median return was 12.3%, according to Wilshire.

The dip is intensifying a national debate over whether states and cities can continue to afford pension obligations, as the soaring costs are squeezing budgets across the U.S.

“Many states and local governments may be facing difficult choices if investment returns remain low,” said Keith Brainard, research director at the National Association of State Retirement Administrators. “The money has to come from somewhere.”

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Jim Sinclair’s Commentary

Make sure to obtain your application ahead of time. I am going for a few billion for the company. Just need to fit counter party OTC derivative into our name.

DEUTSCHE BANK: Here’s How Helicopter Money Could Send Stocks Flying
July 26, 2016

The introduction of helicopter money — directly dropping cash into the economy — in Europe would give shares in the continent’s biggest companies a boost, according to the latest research from analysts at Deutsche Bank.

In their weekly European Equity Strategy note, stock analysts led by Sebastian Raedler argue that if central banks on the continent, or further afield, decide to introduce so-called monetary financing, it will boost stocks by helping to support growth and bump up inflation expectations.

The term helicopter money was first coined by American economist Milton Friedman in the 1960s. The basic principle is that central banks create new cash and give it directly to people to spend on whatever they want.

Here’s the quote from Friedman that coined the phrase: “Let us suppose now that one day a helicopter flies over this community and drops an additional $1,000 in bills from the sky, which is, of course, hastily collected by members of the community.”

For decades, helicopter money has remained as more a thought experiment than a viable policy. But, with negative rates and chronic low growth confounding central banks, the idea is picking up credibility, with Deutsche the latest bank to suggest that it could have legs as a means of stimulating the economy.

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Jim Sinclair’s Commentary

Love thy neighbors, but let them stay at home.

Germany Blast: Syrian bomber ‘loyal to ISIS’
July 26, 2016

ANSBACH (Germany)• A Syrian asylum-seeker who blew himself up outside a German music festival had made a video pledging allegiance to the Islamic State in Iraq and Syria (ISIS) group, the authorities said yesterday.

The 27-year-old assailant wounded 15 people, four of them seriously, when he set off a bomb in his rucksack, killing himself, reported Reuters. The attack in the southern city of Ansbach on Sunday night was the fourth in Germany in a week.

“A video made by the assailant was found on his mobile phone in which he threatened an attack,” Mr Joachim Herrmann, Interior Minister of Bavarian state, told reporters yesterday. “After that, he announced in the name of Allah that he pledged allegiance to (ISIS chief) Abu Bakr al-Baghdadi, the well- known Islamist leader, and announced an act of revenge against Germans because they were standing in the way of Islam.”

ISIS’ Amaq news agency said yesterday that the bomber was one of its soldiers. “He carried out the operation in response to calls to target countries of the coalition that fights the Islamic State (in Iraq and Syria),” it said.

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Jim Sinclair’s Commentary

The transition in the real mechanism of price determination has now started.

Exchange-Traded Funds Buy Up Gold to Balance Demand
July 26, 2016

LONDON—Physical demand for gold hit a seven-year low in the second quarter, but exchange-traded funds bought up enough of the metal to balance out the loss, London-based metals consultant GFMS said.

With continued political and economic uncertainties likely to continue buoying the price of gold, GFMS raised its forecast average price for this year by $95 to $1,279 a troy ounce.

“The first half of 2016 had seen a dramatic change in the rhythm and flows of the gold industry,” GFMS, a unit of Thomson Reuters, said in a commentary published alongside its latest Gold Survey. “The dramatic drop in physical demand is largely offset by the stellar western demand for ETFs.”

Physical demand fell particularly sharply in India and China, the world’s largest consumers of the metal. Many people in both countries buy the precious metal as jewelry and in coins and bars.

Demand in both was hit hard. China’s jewelry industry faced its worst second quarter performance since 2009, with demand contracting 31% year-on-year. Demand declined by 12% for bars and coins, according to the report.

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Posted at 9:16 AM (CST) by & filed under General Editorial.

Dear CIGAs,

Get ready, get set, then get bailed in to, so on top of insult comes injury.

It is a logical possibility you might end up owing money for the privilege of keeping any money in the bank.

This is the second significant bank to give this notice. What do you need? Twenty of them to make the same announcement? I would suggest a jog, not walk, to any bank you have money in and try to take out any meaningful amount of cash.

You are in for a surprise. Better to be first in line and the squeaky wheel, not last and begging. Gold and silver will maintain buying power in your hand. Cash is for transactions.

Have you been listening to my weekly exchange with Bill on the premium side? We have been focusing directly on this situation.

Regards,
Jim and Bill.

Savers fear negative interest rates as Natwest warns businesses might have to pay to hold cash
Tim Wallace and Katie Morley
25 JULY 2016 • 9:48PM

Natwest has become the first bank to warn business customers it may charge them negative interest rates on money held in current accounts.

In what is believed to be a UK first, the bank has signalled its intention to force account holders to either pay to hold money or move funds elsewhere. 

Although current plans for negative rates are restricted to business customers, fears are mounting that “pay to save” rates could soon become a reality for millions of consumers, if other banks follow suit. 

The outgoing pensions minister, Ros Altmann, warned negative interest rates on current and savings accounts pose a threat to the financial security of older savers, who often rely on their savings to provide a retirement income. 

A number of high street banks including HSBC, The Post Office and First Direct are already offering savings accounts with rates as low as zero, as this newspaper reported last week. 

A move to negative interest rates would turn a key part of banking on its head, with banks effectively paid to store people’s money, while savers are penalised for keeping money in their accounts.

However this could become a reality if Mark Carney, the Governor of the Bank of England, cuts Bank rate to 0.25pc in August after seven years of it being held at 0.5pc.

Bank rate strongly influences the level of interest banks and building societies choose to pass on to their customers, although some banks offer significantly more or less.

Natwest blamed the potential decision on ultra-low interest rates imposed by the Bank of England, which it said were putting huge pressures on its finances.

More…

http://www.telegraph.co.uk/news/2016/07/25/savers-fear-negative-interest-rates-as-natwest-warns-businesses/

Posted at 9:07 AM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

All is well in Turkey according to MSM. This is a member of NATO and a total disgrace.

British special forces poised to rescue UK citizens if Turkey suffers 2nd coup attempt
Jul 25, 2016

British special forces are ready to rescue UK citizens in Turkey in the event of a second coup attempt. The news comes as Amnesty International reports credible evidence of the rape and abuse of detained coup soldiers as part of the government crackdown.

The SAS, as well as the Special Forces Support Group (SFSG), are reportedly ready to deploy from RAF Akrotiri in Cyprus should the need arise.

The Daily Express reported Monday that the missions would focus on areas popular with tourists and that troops would be cleared to use lethal force if the rescue operations were interfered with.

https://www.youtube.com/watch?v=BdXDk9oz-QA

An unnamed defense source told the Daily Star on Sunday that Turkey “is on the brink.”

“If there is another coup attempt then civil war will follow. If that happens there will be a major international crisis.

“Every country with nationals living in or on holiday in Turkey will be attempting to rescue them and we intend to be ahead of the game.”

It has emerged that at least three of the five Turkish army regiments involved in the failed coup to overthrow Turkey’s authoritarian President Erdogan are part of a NATO force.

More…

 

Jim Sinclair’s Commentary

Need any immigrants forced upon your town? Washington can and is arranging it. Remember, love thy neighbor, but carry concealed

Elderly priest, 86, is ‘beheaded’ by two ISIS knifemen shouting ‘Allahu Akbar’ after they took nuns and worshippers hostage at French church: Police shoot both attackers dead then search for
bombs
Priest had throat cut while another hostage is fighting for life after knifemen burst into Normandy church at 9am
Reports that one of the attackers shouted ‘Allahu Akbar’ as they launched attack at Gambetta Church near Rouen
Vatican has condemned the ‘barbaric’ killing of the 86-year-old priest and an anti-terror investigation is underway
ISIS claim responsibility for the atrocity while Francois Hollande says France is ‘at war’ with the terror group
One attackers lived locally and had electronic tag having been jailed in France for trying to travel to Syria in 2015
By PETER ALLEN IN FRANCE and JULIAN ROBINSON FOR MAILONLINE
PUBLISHED: 03:55 EST, 26 July 2016 | UPDATED: 08:20 EST, 26 July 2016

A priest has been ‘beheaded’ by two ISIS knifemen who cut his throat after bursting into a French church and taking nuns and worshippers hostage before being shot dead by police.

Five people including the 86-year-old priest, two nuns and two parishioners were held by assailants who raided the church in Saint-Etienne-du-Rouvray near Rouen in Normandy during morning mass at 9am.

The clergyman, named as Jacques Hamel, is believed to have been beheaded during the attack while another hostage, believed to be a nun, is fighting for life in hospital.

The two attackers were ‘neutralised’ by marksmen as they emerged from the building, which is now being searched for explosives. French president Francois Hollande said France is ‘at war’ with ISIS while the terror group has claimed responsibility for the killing.

There were reports the attackers shouted ‘Allahu Akbar’ as they ran out of the church while at least one of the men was dressed in Islamic clothing.

It comes as it emerged that the building was one of a number of Catholic churches on a terrorist ‘hit list’ found on a suspected ISIS extremist last April.

There are also reports that one of the attackers was a local resident who was under electronic tag surveillance having been jailed in France for trying to travel to Syria in 2015. His bail terms allowed him to be unsupervised between 8.30am and 12.30pm - the attack happened between 9am and 11.am. 

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Jim Sinclair’s Commentary

Has a parochial 1% of the 1% decided to put 1% of their ill-gotten gains into gold in the US?

WHAT’S GOING ON??? Record Swiss Gold Flow Into The United States
by SRSrocco on July 25, 2016  

There was a huge trend change in U.S. gold investment in May.  Something quite extraordinary took place which hasn’t happened for several decades.  While Switzerland has been a major source of U.S. gold exports for many years, the tables turned in May as the Swiss exported a record amount of gold to the United States.

How much gold?  A lot.  The Swiss exported 50 times more gold in May than their monthly average (0.4 mt) since 2015:

As we can see, the Swiss gold exports to the United States are normally less than 0.5 metric ton a month.  And for many months there weren’t any gold exports.  However, something big changed in May as Swiss gold exports surged to 20.7 mt (665.500 oz).

The overwhelming majority of gold flows from the U.S. have been exports to Switzerland and the United Kingdom (U.K.):

Furthermore, as I have mentioned in precious articles, the U.S. has been exporting more gold than it produces and imports.  However, this changed in May as the Swiss exported more gold to the U.S. in one month than they have every year going back until 2000:

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Jim Sinclair’s Commentary

This is the best news out there today. It is only getting worse.

Armageddon Approaches
Paul Craig Roberts

The Western public doesn’t know it, but Washington and its European vassals are convincing Russia that they are preparing to attack. Eric Zuesse reports on a German newspaper leak of a Bundeswehr decision to declare Russia to be an enemy nation of Germany.

http://www.strategic-culture.org/news/2016/06/09/germany-preparing-for-war-against-russia.html

This is the interpretation that some Russian politicians themselves have put on the NATO military bases that Washington is establishing on Russia’s borders. 

Washington might intend the military buildup as pressure on President Putin to reduce Russian opposition to Washington’s unilateralism. However, it reminds some outspoken Russians such as Vladimir Zhirinovsky of Hitler’s troops on Russia’s border in 1941.

Zhirinovsky is the founder and leader of Russia’s Liberal Democratic Party and a vice chairman of the Russian parliament. In a confrontation with the editor of a German newspaper, Zhirinovsky tells him that German troops again on Russia’s border will provoke a preventive strike after which nothing will remain of German and NATO troops. “The more NATO soldiers in your territory, the faster you are going to die. To the last man. Remove NATO from your territory!” https://www.youtube.com/watch?v=aQm8L8d8uDc 

Russian Foreign Minister Sergey Lavrov has expressed his frustration with Washington’s reliance on force and coercion instead of diplomacy. It is reckless for Washington to convince Russia that diplomacy is a dead end without promise. When the Russians reach that conclusion, force will confront force.

Indeed Zhirinovsky has already reached that point and perhaps Vladimir Putin also. As I reported, Putin recently dressed down Western presstitutes for their role in fomenting nuclear war. http://www.paulcraigroberts.org/2016/07/08/are-you-planning-your-retirement-forget-about-it-you-wont-survive-to-experience-it/ See also: http://www.informationclearinghouse.info/article45055.htm  
Putin has made it clear that Russia will not accept US missile bases in Poland and Romania. He has informed Washington and the imbecilic Polish and Romanian governments. However, as Putin observed, “they don’t hear.”

The inability to hear means that Washington’s arrogance has made Washington too stupid to take seriously Putin’s warning. If Washington persists, it will provoke the preventive strike that Zhirinovsky told the German editor the Merkel regime was inviting.

More…

Posted at 10:50 PM (CST) by & filed under In The News.

To anger a conservative, lie to him. To anger a liberal, tell him the truth…
- Teddy Roosevelt


Dear CIGAs,

It would be much nicer to go to jail say in Scandinavia or Canada. Accommodation and food are better.  Exercise and entrainment is included. Cable TV is piped into your accommodations.

A small verbal attack using a little foul language against Canadian hockey, star players or beer said just before you are to be released should take care of your prompt recidivism. The alternative here is to live on college loans for under or graduated degrees at a school of your choice near vacation areas here in the USA. Otherwise, standard USA incarceration means you get to join any of four exclusive clubs, the Crips, the Bloods, The Arian Nation or convert to Islam.

Lets also be fair. Hawaii pays $68,000 per year to welfare recipients so if you can afford the trip and grow Rastafarian hair there is an alternative idea not behind bars. However, you must take the Obama oath that you witnessed his birth at the hospital on the certificate that was not constructed until four years later.

Also please consider Australia because they have the whole thing upside down. The guards are in the cells and inmate simply wander around playing their didgeridoos. The cooks are all aboriginal so it will make a man out of you even if you are a lady.

Next week we will consider the Russian Gulags very briefly. Here is a hint: No.

A Shocking Look At What The Elderly Are Now Doing Just To Survive
April 12, 2016

On the heels of the IMF downgrading their global growth forecast, below is a shocking look at what the elderly are already doing just to survive.

Here is a portion of today’s note from Art Cashin:  Grandpa Goes To Jail – Willingly – The incredibly sharp-eyed Grant Williams found a disturbing new trend in Japan, which was described in an article in the FT. Here’s how the article began:

Japan’s prison system is being driven to budgetary crisis by demographics, a welfare shortfall and a new, pernicious breed of villain: the recidivist retiree. And the silver-haired crooks, say academics, are desperate to be behind bars.

Crime figures show that about 35 percent of shoplifting offences are committed by people over 60. Within that age bracket, 40 per cent of repeat offenders have committed the same crime more than six times.

There is good reason, concludes a report, to suspect that the shoplifting crime wave in particular represents an attempt by those convicted to end up in prison — an institution that offers free food, accommodation and healthcare.

The mathematics of recidivism are gloomily compelling for the would-be convict. Even with a frugal diet and dirt-cheap accommodation, a single Japanese retiree with minimal savings has living costs more than 25 per cent higher than the meagre basic state pension of Y780,000 ($6,900) a year, according to a study on the economics of elderly crime by Michael Newman of Tokyo-based research house Custom Products Research.

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Jim Sinclair’s Commentary

This election, if there is one, is going to be the Greatest Show on Earth.

Raucous opening to Democratic convention as Sanders backers revolt
By John Whitesides and Luciana Lopez | PHILADELPHIA

(Reuters) – Supporters of Bernie Sanders disrupted the first day of the Democratic convention on Monday, repeatedly chanting and booing mentions of Hillary Clinton’s name as the party’s hopes for a show of unity dissolved into frequent chaos.

Speakers in the convention’s first hour struggled to carry out business as angry Sanders supporters roared their disapproval, drawing a deafening response from Clinton delegates.

“We’re all Democrats and we need to act like it,” U.S. Representative Marcia Fudge of Ohio, the convention’s chairwoman, shouted over the uproar.

Earlier in the day, Sanders drew jeers from his supporters when he urged his delegates to back the White House bid of his formal rival, Clinton, and focus on defeating Republican Donald Trump in the Nov. 8 presidential election.

Sanders’ followers shouted: “We want Bernie” in a show of anger at both Clinton’s victory in the race for the Democratic presidential nomination and emails leaked on Friday suggesting the party leadership had tried to sabotage Sanders’ insurgent campaign.

For months, Sanders, 74, a U.S. senator from Vermont, mounted an unexpectedly tough challenge to Clinton, 68, a former secretary of state, who this week will become the first woman nominated for president by a major U.S. political party.

The scenes of booing in Philadelphia were a setback to Democratic officials’ attempts to present the gathering as a smoothly run show of party unity in contrast to the volatile campaign of Republican nominee Trump.

Sanders tried to head off the disruptions, sending an email to delegates as the convention opened urging them to refrain from interrupting the proceedings.

“Our credibility as a movement will be damaged by booing, turning of backs, walking out or other similar displays. That’s what the corporate media wants. That’s what Donald Trump wants,” Sanders said in the email.

Trump gloated at the Democrats’ opening day disorder.

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Jim Sinclair’s Commentary

A tad conservative on his numbers.

This representation by Egon vonGreyerz explains why gold will eventually reach its zenith at 12,000/oz gold value.

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Posted at 10:36 PM (CST) by & filed under General Editorial.

Dear CIGAs,

Please take the time to read this from our friend Don McAlvany. This is a subscription article and is being linked with his permission. 

2016: THE YEAR OF UPHEAVAL, CHAOS, AND POLITICAL PUSHBACK

INTRODUCTION

Some people are comparing the Brexit vote and even Donald Trump to the Magna Carta and the Declaration of Independence. There are clear similarities.

The Brexit vote was about divorcing Britain from the overbearing socialist bureaucrats in Brussels. Trump’s presidential campaign is about destroying the overbearing globalist elitists in Washington – regardless of their party affiliation. The Magna Carta and the Declaration of Independence were about freedom from overbearing, despotic kings. The latter led to war. Brexit will not likely do the same, but it has clearly brought out the despot in many Brussels bureaucrats and European politicians.

Much is being made about the powerful “Leave” vote in Great Britain. While the vote is “nonbinding,” going against it will lead Britain to the brink of serious internal strife. Moving in line with the vote will cause even greater conflict across the European Union. Here’s why: Germany’s vision of a European super-state is very much alive. Without Britain to hold it accountable, Germany now takes primary possession of power in the EU. What Hitler couldn’t attain by war, Germany may have now attained peacefully. As other countries look to follow Britain’s leadership, Germany will move quickly to make it all but impossible to leave the Union. Watch German Chancellor Merkel closely in this respect.

Statists and the elite have always moved to increase their power and control. They love to control the little guy. They think of themselves as gods and the “little people” as their subjects, though they would never say it that way and would object to anyone else’s doing so. Statists love to bring everyone together in one union so they are easier to control and so the state’s power is magnified. (That is what Bush’s North American Union was all about.) Think Babel, think Babylon, think Rome, think the Soviet Union and the Third Reich. The promise that we can be as gods is as alluring to people now as it was to Eve. Americans have fought against this drive for centralization and power since the nation’s inception, sometimes successfully, often not. Now – again – it’s the Europeans’ turn. The subjects are trying to throw off their gods, and the gods will not likely take it standing still. It’s not in their nature. The EU was supposed to be

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Posted at 6:28 PM (CST) by & filed under In The News.

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Jim Sinclair’s Commentary

An HSBC executive has been arrested and is being charged by our government