Posted at 12:59 PM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

Hypocrisy to infinity.

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Jim Sinclair’s Commentary

The lastest from John Williams’ www.shadowstats.com

– Fourth-Quarter and Annual 2016 Real Merchandise-Trade Deficits Were Worst in 10 Years, with Implied Negative GDP Revisions
– Downside Payroll Benchmark Revisions to First-Half 2016 were Accompanied by an Offsetting Growth Accelerator Added to Second-Half 2016
– Upside Annual Bias Factors Were Boosted to Roughly 993,000 Jobs from 841,000, Despite Indicated Overstatement of 2016 Payroll Growth
– Current Employment Gains Exaggerated by Highly Questionable Revisions and Revamped Seasonal-Adjustment Modeling (Still Not Comparable Month-to-Month)
– Annual Growth Rates in January Payrolls and Full-Time Employment Still at Multi-Year Lows; Payroll Growth Weakest Since Exiting the Recession
– January 2017 Unemployment Rates Rose: U.3 Rose to 4.8% from 4.7%, U.6 Rose to 9.4% from 9.2%, ShadowStats-Alternate Rate Rose to 22.9% from 22.7%
– Real Construction Spending Remained in Stagnant Non-Recovery, Still 23% (-23%) Shy of Its Pre-Recession High
– December Real Median Household Income Took a Statistically-Significant Hit
– January 2017 M3 Annual Growth at 3.6%, in Context of a Major Fed Benchmarking Reducing M3 and M2 Annual Growth Rates, Reflecting an Intensifying Flight to Cash into M1

“No. 864: Labor Detail and Revisions, Construction Spending and Consumer Liquidity ”

http://www.shadowstats.com

This Is Not A Drill! The Economic Crisis Will Start This Year & Last For 5 Years: Clif High

Posted at 12:53 PM (CST) by & filed under Jim's Mailbox.

Jim/Bill,

Top This One For A Speeding Ticket In Kingsville, Texas

Two Texas Highway Patrol Officers were conducting speeding enforcement on Highway 77, just south of Kingsville, Texas.

One of the officers was using a hand-held radar device to check speeding vehicles approaching the town of Kingsville.

The officers were suddenly surprised when the radar gun began reading 300 miles per hour and climbing.

The officer attempted to reset the radar gun, but it would not reset and then it suddenly turned off

Just then a deafening roar over the mesquite tree tops on Highway 77 revealed that the radar had in fact, locked on to a USMC F/A-18 Hornet which was engaged in a low-flying exercise near its Naval Air home base location in Kingsville.

Back at the Texas Highway Patrol Headquarters in Corpus Christi the Patrol Captain fired off a complaint to the U. S. Naval Base Commander in Kingsville for shutting down his equipment.

The reply came back in true USMC style:

“Thank you for your letter . . .

“You may be interested to know that the tactical computer in the Hornet had detected the presence of, and subsequently locked on to, your hostile radar equipment and automatically sent a jamming signal back to it, which is why it shut down.”

“Furthermore, an air-to-ground missile aboard the fully armed aircraft had also automatically locked on to your equipment’s location.”

“Fortunately, the marine pilot flying the Hornet recognized the situation for what it was, quickly responded to the missile system alert status and was able to override the automated defense system before the missile was launched to destroy the hostile radar position on the side of Highway 77, south of Kingsville.”

“The pilot suggests you cover your mouths when swearing at them, since the video systems on these jets are very high tech.”

“Sergeant Johnson, the officer holding the radar gun, should get his dentist to check his left molar. It appears the filling is loose.

Also, the snap is broken on his holster.”

CIGA Semper Fi

Posted at 3:17 PM (CST) by & filed under In The News.

Trump: ‘Dishonest Press’ Won’t Report Terrorist Attacks
February 6, 2017

President Trump used his first speech to military service members Monday to accuse the news media of refusing to report on terrorist attacks.

Speaking at MacDill Air Force Base in Tampa, Fla., Trump rattled off a series of strikes carried out by “radical Islamic terrorists,” from the Sept. 11, 2001 attacks to recent plots carried out in Paris and Nice, France.

“It’s gotten to a point where it’s not even being reported,” he told a group of senior commanders. “And in many cases, the very, very dishonest press doesn’t want to report it.”

More…

Posted at 11:01 PM (CST) by & filed under In The News.

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End of Fed Independence! House Financial Services Committee Sends Warning Letter to Yellen “This is Unacceptable”
February 3, 2017

The Trump team wasted no time in telling Fed Chair Janet Yellen what is and is not acceptable.

Patrick McHenry, the vice chairman of the House financial services committee, sent Yellen a letter of admonishment regarding international negotiations the Fed conducts in secret, with no oversight.

One line stands out: “This is unacceptable”. The preceding paragraph tears into the Fed’s secret negotiations with foreign bureaucrats, “without transparency, accountability, or the authority to do so.”

More…

Posted at 1:06 PM (CST) by & filed under General Editorial.

Dear President Trump,  you have legal precedent for your ban on illegal immigration.  The McCarran-Walter Act of 1952, duly passed by Congress, signed by Harry Truman and last used by Jimmy Carter in 1979 to prevent Iranian immigration.  How is it possible a judge from Seattle can rule in direct opposition to law already on the books and duly made as law?  As you promised on the campaign trail to enforce laws already on the books, using and enforcing McCarran-Walter can be added to the promises you have already kept.

Sincerely,

James E. Sinclair and William L. Holter

Posted at 1:04 PM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

Are these people members of the Aluminum Foil Hat Club?

Apocalypse Island: Tech Billionaires Are Building Boltholes In New Zealand Because They Now Fear Social Collapse Or Nuclear War. So What Do They Know That We Don’t?
February 4, 2017

You’re all set — your bags were packed long ago, there’s a dozen solid gold coins stashed inside your belt and a pistol strapped round your waist.

There’s no need to say goodbye to the wife and children as they’re already waiting for you 6,000 miles away in New Zealand, having slipped off quietly at the first whiff of global catastrophe.

Now, they’re making themselves comfortable in that fortress home you’ve spent years preparing. They’ve got store-loads of food and enough guns and ammunition to start World War III – which might, anyway, have begun by the time you arrive.

More…

Not ‘Lone Wolves’ After All: How ISIS Is Guiding Terror Plots From Afar
February , 2017

HYDERABAD, India — When the Islamic State identified a promising young recruit willing to carry out an attack in one of India’s major tech hubs, the group made sure to arrange everything down to the bullets he needed to kill victims.

For 17 months, terrorist operatives guided the recruit, a young engineer named Mohammed Ibrahim Yazdani, through every step of what they planned to be the Islamic State’s first strike on Indian soil.

Mohammed Ibrahim Yazdani, left, and his younger brother Ilyas, whom he recruited to participate in the Hyderabad plot.

They vetted each new member of the cell as Mr. Yazdani recruited helpers. They taught him how to pledge allegiance to the terrorist group and securely send the statement.

More…