Jim Sinclair’s Commentary
Totally outrageous. You might as well kill our kids.
Excalibur looks just like my Angel. You have no idea how dedicated dog people are. I would do anything to save my puppies.
They shoot Ebola dogs, don’t they? Outrage at Spain’s killing of infected nurse’s dog
Published time: October 08, 2014 17:56
The dog belonging to the Spanish nurse confirmed to have Ebola has been killed, despite a massive social media campaign and vigil by animal rights activists outside her flat.
The mixed-breed canine, called Excalibur, was finally put to sleep in the Complutense University of Madrid veterinary hospital on Wednesday at 14:30 local time, the Spanish daily El Mundo reports, citing sources at the university.
Sanitary authorities wearing special protective clothes forced their way into the home of Teresa Romero Ramos and her husband, Javier Limon, on Wednesday afternoon, after a judicial order from a Madrid court had granted special permission for entering the house, Spain’s EFE news agency reported.
The Madrid city government ordered the dog’s death Tuesday as a preventative measure to stop further infection.
Excalibur had been left home alone by the couple after they were both admitted to hospital Monday.
Jim Sinclair’s Commentary
We would never do anything like that, would we?
Census Bureau Worker Blows The Whistle On The Employment Report
October 8, 2014
When I spoke with this whistleblower earlier this year as part of my investigation of Census, she told me that hundreds of interviews that go into the Labor Department’s unemployment rate and inflation surveys would miraculously be completed just hours before deadline. John Crudele, NY It’s pretty much been accepted for many years now that the economic data being reported by the Government is unreliable and fraudulently manipulated. Toxicity + toxicity does not equal purification. Not only does the Government manipulate the data to suit its needs – like reporting a sub-6% unemployment rate a month before mid-term national elections – but the data itself is one big fraud.
A whitleblower from the Denver Census Bureau office has opened up to the NY Post’s John Crudele. I’m sure she took the story first to the Denver Post. But the Denver Post is nothing more than a megaphone for whatever news the powers that be want the hoi polloi to ingest. For instance, the Denver Post did not even report the story on the Goldman Sachs/Fed tapes.
At any rate, I encourage everyone to read the article linked at the top. In a testament to the complete criminality that has engulfed our political and economic system, I’m sure this story will be swept under the rug and this whistleblower will be silenced.
Ebola virus: answering the 10 questions you were afraid to ask
Larry Elliott in Washington
The Guardian, Wednesday 8 October 2014 16.26 EDT
The president of the World Bank, Jim Kim, admitted on Wednesday that the international community had “failed miserably” in its response to the Ebola virus that has killed more than 3,800 people in west Africa and warned that the crisis now affecting Spain and the US was going to get much worse.
Amid signs that western governments were being forced to take the risks of a global pandemic more seriously, Kim said he wanted them to back a new $20bn (£12bn) global health fund that would be able to react instantly to emergencies.
“It’s late. It’s really late,” he said in an interview with the Guardian before the annual meeting of the Washington-based organisation this weekend.
“We should have done so many things. Healthcare systems should have been built. There should have been monitoring when the first cases were reported. There should have been an organised response.”
Kim’s warning that the global community was still not “moving fast enough” came as the Ebola virus claimed its first victim in the US and news of a case in Spain sent shares in travel and airline companies tumbling on stock exchanges.
FOMC Talks Down Dollar, Fears Growth Slowdown, "Considerable Time" Misunderstood
Tyler Durden on 10/08/2014 14:04 -0400
With the S&P down over 3% from September’s FOMC statement, the market needed some ‘good’ news from the Fed minutes to save the ‘wealth’ that has been created…
*FED OFFICIALS SAW GLOBAL SLOWDOWN AMONG RISKS TO U.S. OUTLOOK (growth)
*FOMC SAID SOME DEVELOPMENTS COULD UNDERMINE FINANCIAL STABILITY (bubbles)
*FED SAW RISING DOLLAR AS RISK TO EXPORTS, GROWTH, MINUTES SHOW (jawbone USD)
So The Fed fears bubbles, fears growth slowing down, and appears to be talking down the dollar. In other word, dovish minutes confirming the dovish statement was indeed dovish.
Pre-FOMC Minutes: S&P Futs 1936.50, 10Y 2.38%, USDJPY 108.75, Gold $1206
The last FOMC Statement and Minutes day performance…
Some of the key sections: on bubble fears:
Bankers in one District stated that, while they had eased the terms and conditions on loans in response to competition from other lenders, they had not taken on riskier loans. Some financial developments that could undermine financial stability over time were noted, including a deterioration in leveraged lending standards, stretched stock market valuations, and compressed risk spreads.
Ebola Scare Sends Dallas County Sheriff’s Deputy To Hospital
October 8, 2014 1:50 PM
Updated 4:30 p.m.
FRISCO (CSBDFW.COM) – First responders have transported a Dallas County Sheriff’s deputy to Texas Health Presbyterian Hospital to be monitored for Ebola as a precaution.
The patient, Michael Monnig, was transported from a Frisco Care Now facility where he was complaining of “stomach issues,” according to sources.
Monnig’s children told CBS 11’s Andrea Lucia that their dad woke up this morning feeling sore and a little nauseated.
“We were told by federal officials, county officials that you would have to come in direct contact with Duncan or direct contact with bodily fluids, and he did not,” said Monnig’s son, Logan, about the possibility of his dad contracting Ebola. Logan said it’s a very scary time for his family, but they do not expect that his dad will test positive for the virus.
Monning was not one of the 48 people being monitored by federal, state and local health officials because he never had direct contact with the patient. Monnig did enter the apartment where Duncan stayed after Duncan had been admitted to the hospital.
Jim Sinclair’s Commentary
Sanctions blow back.
German Industrial Output Drops Most Since 2009 in August
By Jana Randow Oct 7, 2014 9:39 AM ET
German industrial production (GRIPIMOM) fell more than economists forecast in August in the latest sign that the outlook for Europe’s largest economy is deteriorating.
Production, adjusted for seasonal swings, dropped 4 percent from July, when it expanded 1.6 percent, the Economy Ministry in Berlin said today. That’s the biggest decline since January 2009 and compares with a median estimate of 1.5 percent in a Bloomberg News survey.
Germany’s economy is losing momentum as sluggish growth in the euro area, its largest export market, and political tension with Russia weigh on confidence. The European Central Bank has enacted unprecedented stimulus to sustain the regional recovery while calling on governments to press ahead with structural reforms.
While “the setback in industrial production in August was a massive one,” there is “no reason to panic,” said Andreas Rees, chief German economist at UniCredit MIB in Munich. “German industrial activity will soften in coming months as already indicated by business sentiment but not tumble into the abyss. And no, there is no reason to dig up the R-word again.”
Weak economic data released in the past weeks have raised the specter of recession, commonly defined as two consecutive quarters of declining gross domestic product, after the German economy shrank in the second quarter.
Popular Movement in Switzerland Looks to Repatriate Gold and Increase Reserves
There is a peoples’ movement in Switzerland to repatriate their gold and increase the percentage of gold reserves. This story has received very little attention in the media, even within the precious metals community. It could have significant ramifications for the gold market, increasing central bank demand and putting upward pressure on the gold price.
This November 30th, a popular Swiss Gold Referendum is going to a vote. Nearly one-third of the Swiss Franc used to be guaranteed by gold reserves, now it’s less than 8 percent.
If this vote goes through, the Swiss will be forced to raise the gold reserve back up to 20 percent.
Radio host Charles Goyette has spoken with Ron Paul about central banks at great length on his radio show. In the video below, he gives his input on the Swiss Gold Referendum.
The “Save our Swiss gold” referendum contains the following key elements:
The SNB should stop selling its gold.
The gold has to be stored in Switzerland.
Gold should represent at least 20% of the SNB assets
if the referendum passes the Swiss National Bank would have to buy about 1,500 tons of gold over the next three years. This equates to half of the world’s annual production and they would have to compete with China to secure supplies. COMEX manipulators can keep the paper prices low for so long, but eventually the overwhelming demand for physical is going to blow up that fraudulent exchange.
"We Can’t Exclude The Possibility That Ebola Can Spread Through The Air," Expert Warns
Submitted by Tyler Durden on 10/08/2014 10:16 -0400
"At this point there is zero risk of transmission on flights," said CDC Director Dr. Thomas Frieden, supporting other public health officials who have voiced similar assurances, saying Ebola is spread only through physical contact with a symptomatic individual or their bodily fluids. However, as The LA Times reports, some scientists who have long studied Ebola say such assurances are premature – and they are concerned about what is not known about the strain now on the loose. Dr. C.J. Peters, who battled a 1989 outbreak of the virus, and who later led the CDC’s most far-reaching study of Ebola’s transmissibility in humans, said he would not rule out the possibility that it spreads through the air in tight quarters…"We just don’t have the data to exclude it."
As The LA Times reports, officials continue to stress how hard it is to get infected by Ebola…
"Ebola is not transmitted by the air. It is not an airborne infection,"said Dr. Edward Goodman of Texas Health Presbyterian Hospital in Dallas, where the Liberian patient remains in critical condition.
…Public health officials have voiced similar assurances, saying Ebola is spread only through physical contact with a symptomatic individual or their bodily fluids.
Yet some scientists who have long studied Ebola say such assurances are premature – and they are concerned about what is not known about the strain now on the loose. It is an Ebola outbreak like none seen before, jumping from the bush to urban areas, giving the virus more opportunities to evolve as it passes through multiple human hosts.
Dr. C.J. Peters, who battled a 1989 outbreak of the virus among research monkeys housed in Virginia and who later led the CDC’s most far-reaching study of Ebola’s transmissibility in humans, said he would not rule out the possibility that it spreads through the air in tight quarters.
"We just don’t have the data to exclude it," said Peters, who continues to research viral diseases at the University of Texas in Galveston.
Jim Sinclair’s Commentary
This is well ahead of schedule.
China Just Overtook The US As The World’s Largest Economy
Sorry, America. China just overtook the US to become the world’s largest economy, according to the International Monetary Fund.
Chris Giles at the Financial Times flagged up the change. He also alerted us back in April this year that it was all about to happen.
Basically, the method used by the IMF adjusts for purchasing power parity, explained here.
The simple logic is that prices aren’t the same in each country: A shirt will cost you less in Shanghai than San Francisco, so it’s not entirely reasonable to compare countries without taking this into account. Though a typical person in China earns a lot less than the typical person in the US, simply converting a Chinese salary into dollars underestimates how much purchasing power that individual, and therefore that country, might have. The Economist’s Big Mac Index is a great example of these disparities.
So the IMF measures both GDP in market exchange terms, and in terms of purchasing power. On the purchasing power basis, China is overtaking the US right about now and becoming the world’s biggest economy.
We’ve just gone past that cross-over on the chart below, according to the IMF. By the end of 2014, China will make up 16.48% of the world’s purchasing-power adjusted GDP (or $US17.632 trillion), and the US will make up just 16.28% (or $US17.416 trillion):
Jim Sinclair’s Commentary
Resigning now will not prevent a legal look back.
Two leading HSBC directors quit in protest at tough new rules that will punish reckless bankers with jail terms
UK board member Alan Thomson is planning to leave at the end of this month while John Trueman, the deputy chairman, is preparing to resign
Regulator want senior banking executives to be criminally liable if bank fails because of their ‘reckless’ actions
By Daily Mail City & Finance
Published: 18:41 EST, 7 October 2014 | Updated: 09:10 EST, 8 October 2014
Two directors of HSBC’s operations in the UK have quit in protest ahead of tough new rules that could result in jail terms for reckless bankers.
Alan Thomson, who is on the board of the international bank’s UK subsidiary, is planning to leave at the end of this month – and John Trueman, the deputy chairman, is preparing to resign but has not yet formally done so.
The moves come as proposals for rules to make senior bankers more accountable were unveiled by the regulators.
The Prudential Regulation Authority is consulting on proposals until the end of this month under which senior staff could face criminal liability if their bank fails and they are subsequently found guilty of reckless misconduct.
Under the regime, which regulators want to be in force by January next year, the onus would be on bankers to prove they behaved appropriately.
Critics say this amounts to an overturning of the principle of innocent until proved guilty and claim banks will struggle to attract high quality directors.
Andrew Tyrie MP, chairman of the Treasury Committee, said: ‘A buck that does not stop with an individual often stops nowhere.’
The PRA has this week set out boardroom governance and legal requirements for the regime of ‘ring-fencing’ that will force banks to separate their casino operations from their retail arms.
The banks have been given until January to submit their plans for ring-fencing, which aims to protect depositors and taxpayers from collapses.