Posted at 11:02 PM (CST) by & filed under In The News.



Bill Holter’s Commentary

If you lived in bubble and could get no other news whatsoever, THIS alone is a flashing red signpost pointing you toward gold and silver!

European Banks Crash To Worst 2-Day Loss Ever As Default Risk Soars
by Tyler Durden
Jun 27, 2016 1:19 PM

So much for George “Panic-Monger” Osborne’s calming statement this morning, European banks have collapsed this morning to close down between 20% and 30% since the Brexity vote. The last 2 days plunge in EU banks (down 23%) is the largest in history (double the size of Lehman) and pushes European bank equity market cap to its lowest (in USD terms) ever.



UK and European banks have collapsed…



Posted at 2:30 AM (CST) by & filed under In The News.

Not Lovin’ It: McDonald’s To Close Over 500 Restaurants Worldwide To Stay Afloat
June 24th, 2016 | by Vandita

Even as the world’s biggest fast food chain moves its headquarters to a $250 million 608,000-square-foot complex in Chicago’s West Side in the spring of 2018, McDonald’s intends to close about 500 weaker-performing, company-operated locations worldwide in 2016 to bolster profits.

McDonald’s spokeswoman Becca Hary confirmed the announcement, released just days after it withdrew its branches from Middle Eastern and three Latin American countries, in an email to The Street:

“It’s important to note that while we will have a net reduction in restaurants [in the US], the impact is minimal in comparison to the 14,000 restaurants we operate across the US. We consistently review our restaurant portfolio and make strategic decisions to better position our business for the future.”



Bill Holter’s Commentary

I completely missed this last week …maybe because our press did not report it? If true, more than just our standard of living is about to change.

Obama Administration and UN Announce Global Police Force to Fight ‘Extremism’ In U.S.
by Pamela Geller2 Oct 2015

Loretta Lynch announced at the United Nations that her office would be working in several American cities to form what she called the Strong Cities Network (SCN), a law enforcement initiative that would encompass the globe.

This amounts to nothing less than the overriding of American laws, up to and including the United States Constitution, in favor of United Nations laws that would henceforth be implemented in the United States itself – without any consultation of Congress at all.

The United Nations is a sharia-compliant world body, and Obama, speaking there just days ago, insisted that “violent extremism” is not exclusive to Islam (which it is). Obama is redefining jihad terror to include everyone but the jihadists. So will the UN, driven largely by the sharia-enforcing Organization of Islamic Cooperation (OIC) and the pro-Islamic post-American President Obama, use a “global police force” to crush counter-jihad forces?

After all, with Obama knowingly aiding al-Qaeda forces in Syria, how likely is it that he will use his “global police force” against actual Islamic jihadists? I suspect that instead, this global police force will be used to impose the blasphemy laws under the sharia (Islamic law), and to silence all criticism of Islam for the President who proclaimed that “the future must not belong to those who slander the prophet of Islam.”

What is a global police force doing in our cities? This is exactly the abdication of American sovereignty that I warned about in my book, The Post-American Presidency: The Obama Administration’s War on America. The Obama Department of Justice made it clear that it was exactly that when it distributed a press release last week announcing the “Launch of Strong Cities Network to Strengthen Community Resilience Against Violent Extremism.” In that press release, the DoJ complained that “while many cities and local authorities are developing innovative responses to address this challenge, no systematic efforts are in place to share experiences, pool resources and build a community of cities to inspire local action on a global scale.”

So if the local and municipal effort to counter the euphemistic and disingenuous “violent extremism” is inadequate and hasn’t developed “systematic efforts are in place to share experiences, pool resources and build a community of cities to inspire local action on a global scale,” the feds – and the UN – have to step in. Thus the groundwork is being laid for federal and international interference down to the local level. “The Strong Cities Network,” Lynch declared, “will serve as a vital tool to strengthen capacity-building and improve collaboration” – i.e., local dependence on federal and international authorities.


Posted at 3:23 PM (CST) by & filed under In The News.



Jim Sinclair’s Commentary

Mr. Williams shares with us.

- In the Context of Almost-Certain Heavy Central-Bank Interventions, Headline Market Volatility Largely Retrenched from Recent Hype that Brexit Would Lose
- Yen and Gold Were Strongest Versus the Dollar Since 2014
- Real Median Household Income Tumbled Anew in May
- Ex-Commercial Aircraft, Real Durable Goods Orders Are in a Trend for Second-Quarter Annualized Contraction of 1.8% (-1.8%)
- Aggregate Real Durable Goods Orders Continued in Smoothed, Low-Level, Stagnant Non-Recovery
- In the Context of Downside Corrections to Prior Months, May New-Home Sales Fell Sharply
- Continuing in Low-Level Stagnation, Non-Recovering New-Home Sales Remained Shy of Pre-Recession Peak by 60.3% (-60.3%)
- Despite Highest Existing-Home Sales Level Since 2007, Activity Remained Shy of Pre-Recession Peak by 23.9% (-23.9%), Continuing in a Smoothed Pattern of Stagnation
- Freight Index Showed Continuing Non-Recovery and Deepening New Recession

“No. 816: Durable Goods Orders, Home Sales, Freight Index, Household Income, Brexit ”


Jim Sinclair’s Commentary

David has a good handle on today.

Bravo Brexit!
June 24, 2016
David Stockman

At long last the tyranny of the global financial elite has been slammed good and hard. You can count on them to attempt another central bank based shock and awe campaign to halt and reverse the current sell-off, but it won’t be credible, sustainable or maybe even possible.

The central banks and their compatriots at the EC, IMF, White House/Treasury, OECD, G-7 and the rest of the Bubble Finance apparatus have well and truly over-played their hand. They have created a tissue of financial lies; an affront to the very laws of markets, sound money and capitalist prosperity.

So there will be payback, clawback and traumatic deflation of the bubbles. Plenty of it, as far as the eye can see.

On the immediate matter of Brexit, the British people have rejected the arrogant rule of the EU superstate and the tyranny of its unelected courts, commissions and bureaucratic overlords.

As Donald Trump was quick to point out, they have taken back their country. He urges that Americans do the same, and he might just persuade them.

But whether Trumpism captures the White House or not, it is virtually certain that Brexit is a contagious political disease. In response to today’s history-shaking event, determined campaigns for Frexit, Spexit, NExit, Grexit, Italxit, Hungexit and more centrifugal political emissions will next follow.

Smaller government—–at least in geography—–is being given another chance. And that’s a very good thing because more localized democracy everywhere and always is inimical to the rule of centralized financial elites.

The combustible material for more referendums and defections from the EU is certainly available in surging populist parties of both the left and the right throughout the continent. In fact, the next hammer blow to the Brussels/German dictatorship will surely happen in Spain’s general election do-over on Sunday (the December elections resulted in paralysis and no government).

When the polls close, the repudiation of the corrupt, hypocritical lapdog government of Prime Minister Rajoy will surely be complete. And properly so; he was just another statist in conservative garb who reformed nothing, left the Spanish economy buried in debt and gave false witness to the notion that the Brussels bureaucrats are the saviors of Europe.

So the common people of Europe may be doubly blessed this week with the exit of both David Cameron and Mariano Rajoy. Good riddance to both…


Posted at 2:59 PM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

The sheep are awakening. The “Fort Elite” on the hill is under siege. I suspect the battle is going to be quite uncomfortable as real change comes. Brexit feels like the opening scene in a horror movie when everyone is anticipating something very scary, but not yet jumped out of their skin.

Brexit: Britain Votes with Trump, against Hillary, Obama
by JOEL B. POLLAK23 Jun 2016

British voters chose to “leave” the European Union on Thursday, defying the polls — and President Barack Obama, who had urged Britain to “remain” in the EU. Former Secretary of State Hillary Clinton had also urged Britain to stay in the EU. Only Donald Trump had backed the campaign to leave.

Republican strategists had panned Trump’s decision to travel to the UK in the midst of campaign turmoil, and in the wake of his blistering attack on Hillary Clinton earlier this week.

Now, however, it looks like a risk that paid off handsomely, in the currency of foreign policy credibility.

Obama’s advice may have pushed some voters to “leave.” In April, he warned British voters they would be at the “back of the queue” in trade with the U.S. if they left the EU. Some, like Andrew Roberts, took offense, writing in the Wall Street Journal:

Surely—surely—this is an issue on which the British people, and they alone, have the right to decide, without the intervention of President Obama, who adopted his haughtiest professorial manner when lecturing us to stay in the EU, before making the naked threat that we would be sent “to the back of the queue” (i.e., the back of the line) in any future trade deals if we had the temerity to vote to leave.

Was my country at the back of the line when Winston Churchill promised in 1941 that in the event of a Japanese attack on the U.S., a British declaration of war on Japan would be made within the hour?

Were we at the back of the line on 9/11, or did we step forward immediately and instinctively as the very first of your allies to contribute troops to join you in the expulsion of the Taliban, al Qaeda’s hosts, from power in Afghanistan?

Or in Iraq two years later, was it the French or the Germans or the Belgians who stood and fought and bled beside you? Whatever views you might have over the rights or wrongs of that war, no one can deny that Britain was in its accustomed place: at the front of the line, in the firing line. So it is not right for President Obama now to threaten to send us to the back of the line.

Hillary Clinton also backed a “remain” vote in April, with a senior policy adviser issuing a statement on her behalf:



Jim Sinclair’s Commentary

This is a real concept that needs deep understanding. The world has changed. The sheeple are waking. I always thought that would be a step forward. I hope it is.

Five reasons Brexit could signal Trump winning the White House
Katty Kay Presenter, BBC World News
20 June 2016

The two most surprising political phenomena of this year have been the rise of Donald Trump and the success of the Leave Europe camp in Britain’s referendum on Brexit.

Few pundits saw either coming (and full disclosure, I include myself here, particularly on Trump) – but we should have and now would be a good chance to make up for past oversight by looking at how the two are linked.

This week, polls suggest, Britain may pull out of the European Union. Opinion polls currently have the 23 June referendum too close to call but the Brexit camp (those in favour of the UK splitting from the EU) has been inching ahead in recent weeks.

Later this year, Americans will decide whether to elect Donald Trump as the 45th US President, or Hillary Clinton.

Opinion polls also suggest this race is close, though with five months to go, those polls aren’t terribly instructive yet. Yet the result next week in Britain could give us some indication of how Americans will vote in November.



Jim Sinclair’s Commentary

You have to love his delivery

‘EU is failing, EU is dying’: Nigel Farage speech following Brexit vote

The leader of the Independence Party (UKIP), Nigel Farage, has called for June 23 to go down in history as ‘Independence Day’, adding that it’s a “victory for ordinary, decent people, a victory against the big merchant banks.”


Jim Sinclair’s Commentary

I am convinced that people do not appreciate the significance of what has occurred. Yes market have reacted but what has not worked is still up and cranking. Everything has intervention from central banks and financial TV blared out no problem.

The Brexit contagion: How France, Italy and the Netherlands now want their referendum too
Matthew Holehouse, Brussels
23 June 2016 • 9:06am

Voters in France, Italy and the Netherlands are demanding their own votes on European Union membership and the euro, as the continent faces a “contagion” of referendums.

EU leaders fear a string of copycat polls could tear the organisation apart, as leaders come under pressure to emulate David Cameron and hold votes.

It came as German business leaders handed a considerable boost to the Leave campaign by saying it would be “very, very foolish” to deny the UK a free trade deal after Brexit.

Markus Kerber, the head of the BDI, which represents German industry, said that 1970s-style trade barriers would result in job losses in Germany.

“Imposing trade barriers, imposing protectionist measures between our two countries – or between the two political centres, the European Union on the one hand and the UK on the other – would be a very, very foolish thing in the 21st century.”


Posted at 2:43 PM (CST) by & filed under Bill Holter.

Dear CIGAs,

BREXIT! I have to admit, I did not believe it would happen. Rather, I did not believe it would be “allowed” to happen. In retrospect I believe the elites will look back and wish they had “Diebold” doing the vote count. This vote has so many various ramifications, it is hard to wrap your head around what it means but let’s take a look at what stands out most.

First and foremost, the “people stood up and spoke”. The vote to exit is without a doubt the largest protest vote the world has seen in many years. It is important to note that the Brexit vote is symptomatic of what is happening worldwide. I would also say it is very similar to the Trump phenomenon here in the States, people are angry. (I would also say the results are very encouraging to the Trump camp). Next, we must wonder “who” is next? Italy, Spain, France? Then, the next exit is the curtain for the EU experiment as a whole. It is only a matter of time before the next referendum (Italy in October), Brexit is only the beginning of an end where individual countries will prefer to steer their own destinies. “Globalization” has been dealt a huge blow!

It should be noted, the vote yesterday was only a referendum and does not guarantee the Parliament will petition to leave the Eurozone. It will be interesting to see how the Brits react if Parliament defies their wishes. All of this will take “time” to occur, but time is not something I believe is available and will most likely be cut short by the markets short circuiting.

As for markets, Brexit is being called a six sigma “Black Swan”. I had planned to write today that the entire system itself is the fabled Black Swan, I think we will soon see if this thought is correct. The world will wake up Monday morning to all sorts of margin calls. You must understand, the “carry trade” is held on very thin margin. No matter what market you are looking at, they all moved several percentage points versus 1% or much less used to carry positions. My point is this, many “counterparties” were outright blown up today and are dead entities unable to perform. Yes I am sure the Fed, ECB and BOJ will provide liquidity but that will not erase the losses, it will only postpone the pronouncement of death.

I believe it is VERY important to look at the “direction” that all markets have taken since the Brexit news. THIS is the direction of Mother Nature versus the direction of the elite controllers. You can call the moves “out of control” if you wish, the important thing to understand is the control of markets was temporarily lost and went in “bad” directions. These “bad” directions are your road map as to which direction various assets will move in the upcoming re set. I say the above with one caveat, capital flowed into U.S. Treasuries and German bunds, a reset will not be kind to the owners of debt from any issuer.

To finish, clearly today’s unanimous winner in ALL currencies was gold. As I wrote above, I believe the action today is your road map and a “tell” as to where we are headed. Financially, the system blew up behind the scenes and we will soon hear “who, where and how much”. We have gone nearly eight years with “unlimited paper” pushing, pulling and “pricing” markets in directions that supported the Alice in Wonderland world. The knee jerk reactions you saw today will only become more violent as today was only for starters. The only question remains, how long can they keep markets open? The carry trade unwind can only go so far without control being totally lost. Central banks will be mere straws in a hurricane of fear. A complete re set of “pricing” is not far off!

This is a public article. If you would like to read and hear all of our work, please follow this link to subscribe

Standing watch,

Bill Holter
Holter-Sinclair collaboration
Comments welcome

Posted at 1:47 PM (CST) by & filed under Bill Holter.

Dear CIGAs,

by Rory, The Daily Coin

Bill Holter, JSMineset, stopped by to share his thoughts on the current state of the precious metals markets, pre-Brexit thoughts and the failing confidence in central banks the world over – specifically the Western central banks.

There are two situations that are currently happening in the gold market that make a person look twice and wonder if what they just witnessed is akin to seeing unicorn running down the freeway.

The first, and one of the more extraordinary turn of events, is what is happening at the COMEX gold vaults. Gold is actually leaving the vaults. Gold contracts are being filled instead of mysteriously falling out even after being 100% funded on first day delivery notice. The other is gold flowing out of the Swiss refineries and into the London gold market! This has not happened, according Bill’s analysis, in over twenty years.

With the BREXIT now confirmed and Britain leaving the European Union rest assured there will be a line of nation states headed to the exit doors. The only question at this point who will be second?

Give this a good listen as Bill does a marvelous job of putting some of the pieces in place. It’s worth sticking around for the end segment as that is where Bill “unleashes the hounds”.

Click here to read the full article with video…

Posted at 9:43 AM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

Try going illegally into any other county and demanding to stay, even Tanzania. Try India, try almost anywhere.

Supreme Court Tie Blocks Obama Immigration Plan

The Supreme Court on Thursday announced that it had deadlocked in a case challenging President Obama’s immigration plan, a sharp blow to an ambitious program that Mr. Obama had hoped would become one of his central legacies. As a result, as many as five million undocumented immigrants will not be shielded from deportation or allowed to legally work in the United States.

The 4-4 deadlock, which left in place an appeals court ruling blocking the plan, amplified the already contentious election-year debate over the nation’s immigration policy and presidential power.

The case, United States v. Texas, No. 15-674, concerned an executive action by the president to allow as many as five million unauthorized immigrants who are the parents of citizens or of lawful permanent residents to apply for a program that would spare them from deportation and provide them with work permits. The program was called Deferred Action for Parents of Americans and Lawful Permanent Residents, or DAPA.AEL D. SHEARJUNE 23, 2016



Shocking Interview From A Legend On Brexit And The Global Chaos That Is Coming
June 22, 2016

Today a legendary trader and investor gave King World News an interview that was quite shocking about what surprise action to expect in gold and global stock markets the aftermath of the Brexit vote.  Victor Sperandeo has been in the business 45 years, and has worked with famous individuals such as Leon Cooperman and George Soros.  Below are the warnings and predictions issued by Sperandeo.

Victor Sperandeo:  “The key is that Breixt isn’t really a legal vote, it’s an advisory vote.  If “leave” wins by a small margin and there is a stock market crash, there is a printing press to buy that crash and global stock markets will come right back.  The reason for that is because the vote to leave is more advisory.  This is what people don’t understand.  Meaning, it’s just an advisory vote to leave but it’s not mandatory for Great Britain to leave the EU.

The “Brexit” vote outcome currently is still a coin flip. I believe that the “New World Order” globalists are particularly at risk if the UK exits, since the EU is their model for world government.   However, if the vote is to “leave” it will most likely be temporary.  Who says so?