Posted at 1:31 PM (CST) by & filed under Bill Holter.

During the weekly interview, Bill and Jim discussed President Trump and wondered whether he truly understood gold. The following YouTube video from three years ago suggests he does.

Posted at 4:20 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

Is Mr. Greenspan trying to save his reputation before the Titanic submerges?

Gold Standard Needed Now More Than Ever? – Alan Greenspan Comments
February 17, 2017

(Kitco News) – It would be best not to be short-sighted when it comes to gold; at least that is what one former Fed chair says.

“[T]he risk of inflation is beginning to rise…Significant increases in inflation will ultimately increase the price of gold,” noted Alan Greenspan, Federal Reserve chairman from 1987 to 2006, in an interview published in the World Gold Council’s Gold Investor February issue.

“Investment in gold now is insurance. It’s not for short-term gain, but for long-term protection.”

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Posted at 12:06 AM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

The latest from John Williams’ www.shadowstats.com

– Inflation Surge Was Due to Gasoline Prices, Not to an Overheating Economy; Beware the Fed!
– January 2017 Monthly CPI Inflation Rose by 0.55%, Pushing Annual CPI-U Inflation to a 58-Month High of 2.50%, with CPI-W at 2.51% and ShadowStats at 10.3%
– January Monthly PPI Goods Inflation Up by 1.01%, Construction Up by 0.26%, Services Up by 0.27%, Total PPI Up by 0.63%;
Total Final-Demand PPI Annual Inflation at a 29-Month High of 1.73%
– Inflation-Adjusted Annual M3 Growth Is Signaling an Economic Downturn
– January Nominal Retail Sales Gain of 0.36% Was Less than Inflation; Inflation-Adjusted Real Sales Declined by 0.19% (-0.19%) for the Month.
– Real Earnings Contracted Quarterly in Fourth-Quarter 2016, On Track for First-Quarter 2017 Annual and Quarterly Declines
– January Production Was Down by 1.11% (-1.11%) from Its Pre-Recession High, Down by 2.00% (-2.00%) from Its One-Month, November 2014 Recovery; Manufacturing Was Down 5.69% (-5.69%) from a Never-Recovered Pre-Recession Peak
– Despite Continuing Nonsense Volatility in Monthly Data and Revisions, Smoothed Housing Starts and Permits Held in Non-Recovering, Low-Level Stagnation, Down Respectively by 45% (-45%) and 43% (-43%) from Pre-Recession Peaks
– Broad Outlook of Continuing Economic Stagnation/Renewed Downturn Is Unchanged

“No. 866: January 2017 CPI, PPI, Industrial Production, Retail Sales and Housing Starts ”

www.shadowstats.com

Posted at 7:53 PM (CST) by & filed under Bill Holter.

I must be getting old, I can remember .45’s at less than a dime a shot!

Bill

The Coyote Principle

CALIFORNIA

• The Governor of California is jogging with his dog along a nature trail. A coyote jumps out and attacks the Governor’s dog, then bites the Governor.

• The Governor starts to intervene, but reflects upon the movie “Bambi” and then realizes he should stop because the coyote is only doing what is natural.

• He calls animal control. Animal Control captures the coyote and bills the state $200 testing it for diseases and $500 for relocating it.

• He calls a veterinarian. The vet collects the dead dog and bills the State $200 testing it for diseases.

• The Governor goes to hospital and spends $3,500 getting checked for diseases from the coyote and on getting his bite wound bandaged.

• The running trail gets shut down for 6 months while Fish & Game conducts a $100,000 survey to make sure the area is now free of dangerous animals.

• The Governor spends $50,000 in state funds implementing a “coyote awareness program” for residents of the area.

• The State Legislature spends $2 million to study how to better treat rabies and how to permanently eradicate the disease throughout the world.

• The Governor’s security agent is fired for not stopping the attack. The state spends $150,000 to hire and train a new agent with additional special training for the nature of coyotes.

• PETA protests the coyote’s relocation and files a $5 million suit against the state.

TEXAS

• The Governor of Texas is jogging with his dog along a nature trail. A coyote jumps out and attacks his dog.

• The Governor shoots the coyote with his state-issued pistol and keeps jogging. The Governor has spent $.50 on a .45 ACP hollow point cartridge.

• The buzzards eat the dead coyote.

And that, my friends, is why California is broke and Texas is not.

Via

Posted at 1:51 PM (CST) by & filed under USAWatchdog.com.

Investment advisor Catherine Austin Fitts says the oligarch, or establishment class, is on the attack. She calls this latest chapter in the Trump Administration “The Empire Strikes Back.”  Fitts explains, “Number one, Trump came into Washington with an agenda that would really make America great again:  tax reform, regulatory relief, infrastructure and Obama Care.  Immediately, he got bogged down in those for a variety of reasons.  If you look at Congress’s constituents, they can’t make money solving those things, particularly if it helps regular people.  So, immediately you bog down on those issues.  He’s trying to get his cabinet in place.  In the meantime, you have the Empire worried about a variety of things.  If you want to slow Donald Trump down or make sure the only thing he can get through Congress are things that are good for what I call the “piggies,” . . . the first thing you do is take out their loyal lieutenants.  You take them out and try to put space between him and his lieutenants.”

Fitts, who was an Assistant Secretary of Housing in the first Bush (41) Administration, goes on to say, “The U.S. bureaucracy is huge and very complex, and it’s a matrix structure. The thing you want to do is bollocks him up in the structure.  The reason you want to bollocks with a bureaucracy or the courts is then you bring everything into the mud and complicate their lives and make things harder to do. . . . What you are seeing is a war between the ‘piggies’ and ‘Titanic Turners.’  The big question is can Trump learn how to play the game.”

How does Trump win? Fitts contends, “Trump wins by staying focused on the real issues.  The U.S. economy needs a variety of things, including turning the federal budget around. . . . . The reality is the federal budget has a negative return to taxpayers.  It’s got to be turned positive. . . .  That comes down to tax reform, infrastructure and it comes down to Obama Care. . . . Trump is the Titanic Turner, and he needs to stick to the big issues. . . . He has to make sure the shriek-o- meter does not destroy his top lieutenants and put space between him and them.  Otherwise, the pigs are going to step in and run things.”

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Posted at 1:13 AM (CST) by & filed under In The News.

Clif High on Google

Jim Sinclair’s Commentary

Can you imagine the insult of being arrested for a crime you committed when you knew it was a crime? What a travesty of justice.

Fear Spreads In L.A. After Immigration ‘Raid,’ Advocates Claim. Officials Say Arrests Are ‘Routine.”
February 10, 2017

The panicked emails and phone calls began streaming in from community members at about 11 a.m. Thursday morning, inundating Los Angeles immigration lawyers with far more cases than usual. Immigrant advocate groups claim that more than 100 people had been taken into custody by federal immigration officials in Southern California Thursday, indicating a “coordinated sweep” in arrests and heightening fears that Donald Trump’s promise to crackdown on deportations had begun to take effect.

Police and immigration officials denied the “raids” and disputed the claim that the arrests were part of a more stringent approach, saying any detentions were simply part of “routine” enforcement activities. But a flurry of calls regarding arrests spurred immigration attorneys into rapid response efforts, and prompted protests on the streets of downtown Los Angeles.

“We know the daily patterns of people being picked up and taken,” Angelica Salas, executive director of the Coalition for Humane Immigrant Rights of Los Angeles, or CHIRLA, said in an interview with The Washington Post. “There’s a natural flow of enforcement that happens every day. But this was not normal.”

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FBI Investigating Identities Of Masked Rioters At UC Berkeley Protest
February 9, 2017

BERKELEY, Calif. — Officials are trying to determine the identities of a small group of black-clad rioters who became violent during a protest against a far-right commentator’s appearance at UC Berkeley.

According to the Associated Press, police said a small masked group wearing black showed up as night fell to riot against a talk given by Milo Yiannopoulos, editor of Breitbart News.

The identities of the masked rioters are still unknown, and the FBI has been called in to assist in the investigation, Berkeleyside.com reported.

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Posted at 2:35 PM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

What do passengers who know what is coming do if the ship is going to sink? They leave the ship while it is still afloat.

Daniel Tarullo, Fed’s “Regulatory Point Man”, Unexpectedly Resigns
February 10, 2017

Last October, as part of the Podesta email leaks, we disclosed the particularly close relationship between Fed governor Dan Tarullo and Barack Obama, which emerged as part of a previously undisclosed memo involving the AIG bailout. We speculated that as a result of this now public disclosure it was possible that Tarullo’s days at the Fed were numbered should Donald Trump win the election. Trump won, and moments ago Dan Tarullo unexpectedly announced that he is resigning in early April, just days after the Fed’s general counsel Alvarez also announced that he is departing the Fed.

What makes Tarullo’s resignation particularly notable is that Tarullo has been the Fed’s “regulatory point man” since 2009, suggesting some regulatory friction has emerged.

In light of Trump’s vow to crush Wall Street regulations, one can see why Tarullo thought his services are no longer necessary.

Tarullo’s brief resignation letter to Fed Chairwoman Janet Yellen didn’t give a reason for his departure. He said he has been privileged to serve at the Fed for eight years. The letter said his resignation will take effect “on or about” April 5.

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Posted at 11:10 AM (CST) by & filed under In The News.

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Jim Sinclair’s Commentary

When going out to eat on the coast bring your Geiger counter.

MSM found this as not important enough to focus on when it occurred or even now.

Incredibly High Radiation Levels Discovered At Crippled Fukushima Plant
February 9, 2017

Newly-discovered radiation levels in one of the Fukushima Daiichi Nuclear Power Plant’s reactors are stunningly high, the Japan Times and others have reported. The space is so radioactive that even a robot couldn’t last two hours, let alone a human.

It was on March 11, 2011, that the coastal power plant in Japan’s Fukushima Prefecture was hit by a tidal wave, which not only cut off the plant’s electrical power, also took out the generators that provided its backup power. The natural disaster triggered the meltdown of three reactors at the plant.

The new readings come from inside reactor two, where the radiation levels are 530 sieverts per hour, according to Tepco, the Tokyo Electric Power Company. That’s highly radioactive— most radiation is measured in thousandths of a sievert, a unit called a millisievert.

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Jim Sinclair’s Commentary

This is a problem for President Trump and it is a very tough one among many.

America Buys Gobs Of Foreign Electronics, Cars, Clothes
February 7, 2017

President Donald Trump has promised to boost the economy and create more good-paying American jobs by lowering a high U.S. trade deficit, but a problem long in the making is not going to be remedied anytime soon.

The trade gap rose slightly in 2016 to a four-year high of $502 billion, marking the 41st deficit in a row. The last time the U.S. ran a surplus was in 1975, according to U.S. Census figures.

The problem for the White House is simple. Although the U.S. makes as much stuff as ever, manufacturing has declined sharply as a percentage of the domestic economy.

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