Posted at 1:46 PM (CST) by & filed under Jim's Mailbox.

The Experiment Of The Elite…

The collapse of complex Western society.

What is occurring in Venzuela should feel gutting for the rest of the world.

The communications from Venezuela are stifled because they are not primarily an English speaking country.

We should all be watching – very carefully and planning and preparing accordingly.

Riding a bicycle could be more important and practical than flying a plane…



Read between the lines and you can see the investigation into the Clinton Foundation is going to gather steam. May also have something to do with the two plane loads of documents picked up by the DOJ last week from Little Rock by Huber and his team.



FBI Fires Peter Strzok, Agent Who Sent Anti-Trump Texts
August 13, 2018

Peter Strzok, the FBI counterintelligence agent who came under withering criticism from Republicans for a series of anti-Trump text messages he sent during the 2016 campaign, was fired on Friday, his attorney said.

According to Strzok’s lawyer, Aitan Goelman, an internal disciplinary review had recommended Strzok’s demotion and a 60-day suspension. But Goelman said Monday that the deputy director of the FBI overruled that determination and decided to fire him.

“The decision to fire Special Agent Strzok is not only a departure from typical Bureau practice, but also contradicts Director Wray’s testimony to Congress and his assurances that the FBI intended to follow its regular progess in this and all personnel matters,” Goelman said.

The FBI declined to comment.

President Donald Trump used Strzok’s firing to again push for special counsel Robert Mueller to wrap up the Russia probe that has dogged his time in office.



Courtesy of Q and JB.



If all directions of the echo chamber [MSM] state the same thing – even if FICTION/FALSE – do most people then consider it TRUE (factual)?

Direct communication is CRITICAL.

Who controls the FAKE NEWS?

Why is ANTIFA allowed to incite violence, wear masks, make threats, use/carry weapons, and physically harm others who oppose their ideology?

Why does ANTIFA attempt to ‘justify’ such violence by labeling the ‘challenger’ as ALT-RIGHT or NAZI?

Why doesn’t the LEFT condemn such acts of violence and call for an immediate end?

Define ‘Projection’.

Define ‘Insurance Policy’.

Define ‘Warning Against Attempts to Unveil’.

[‘They’ prey on emotionally unstable (helpless) individuals and use them as PAWNS]

What does WRAY know and when will he release to the PUBLIC?

Does such violence (extremism) justify NG deployment in the future ahead of ‘planned’ public releases?

Military Spending Bill.

Smile for the Camera.


Posted at 10:15 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

We’ve been trying to tell you this for a while now…

Horrifying UN Report Details Widespread Child Rape by High-Level UN Employees
August 12, 2018

A deeply disturbing report has finally been released by the United Nations detailing the rampant sexual exploitation of children by UN employees that is widespread, throughout multiple countries.

While pieces of the report were released previously, the full report, detailing the scope and horrifying nature of the abuse was only just released in July.

As Disobedient Media points out in a scathing report,

The publication of a summary version of the report caused a global furor in 2002, eventually leading to some policy changes. However, these efforts have proven woefully insufficient in light of ongoing scandals, including but not limited to the recent Oxfam debacle, the Zoe’s Ark scandal, allegations of horrific sexual abuse in the Central African Republic by UN forces, and the Laura Silsby incident. All of these cases (and many others) occurred after the partialpublication of the UNHCR report, pointing to one unsavory conclusion:

Aid work is not a vehicle of charity, but is, in a very real sense, a cover for atrocity. It is a weapon, a blunt instrument of power that is wielded to exploit the most vulnerable populations in crisis around the world. We can now state that sentiment as fact, not opinion.


Jim Sinclair’s Commentary

Mr. Williams has with us his work plus an interesting quote on the Def’s intentions, in light of the true statistics.

– July 2018 CPI-U, CPI-W and PPI-FD Goods Annual Inflation Rates Jumped to Respective New 79-Month Highs (Since December 2011) of 2.95%, 3.16% and 4.50%
– Less-Meaningful PPI-FD Aggregate Inflation Backed Off to 3.27% from 3.37% in June, Hit by Falling Profit Margins at Gasoline Stations
– July 2018 Real Average Weekly Earnings Contracted Anew, Month-to-Month (Seasonally Adjusted) and/or Year-to-Year (Unadjusted) Down by 0.01% (-0.01%) in the Month, by 0.22% (-0.22%) in the Year for Production and Nonsupervisory Employees
– Real Average Weekly Earnings for All Employees Fell by 0.20% (-0.20%) in July, Unchanged at 0.00% Year-to-Year
– Intensifying Consumer Income and Credit Woes Dim Economic Prospects
– Mounting Systemic- and Consumer-Liquidity Issues Reflect Fed Tightening and Surging Annual Inflation, Driven by Oil Prices, Not by Strong Economic Demand
– FOMC-Targeted Annual “Core” CPI-U Inflation Rose to 2.35% from 2.26%, “Worst” Level Since September 2008, Although It Was 2.33% in February 2016

– Fed Rumblings for Greater Rate Hikes to Kill the “Overheating” Economy

“No. 965: July 2018 Consumer and Producer Price Indices, Real Earnings, FOMC ”

Posted at 10:10 AM (CST) by & filed under Bill Holter.

This is Kathryn’s latest bridal portrait, her other work can be found on It is a 24×36 pastel and took her over 6 months to complete. I am obviously biased but the detail and 3D depth on this one qualifies as a masterpiece! She would truly love to paint FLOTUS if anyone has a connection?



























© copywrite image

Posted at 9:04 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

Dave spoke of this yesterday on our weekly call for subscribers.

Following The Golden Rule: Iran & Venezuela Prime Examples Of Intrinsic Value Of Money Vs. Gold
August 11, 2018

Once again, gold has proved itself to be the most reliable safe haven as more and more citizens in countries hit by US sanctions are hoarding the metal in an effort to protect their savings from collapsing national currencies.

Rising demand for gold in Iran and Venezuela has sent prices for the precious metal to unprecedented levels while local currencies depreciate daily.

As of the end of July, gold prices in the struggling Latin American state saw a 3.1-million-percent increase against the beginning of the year, with an ounce of the yellow metal surging to 211 million bolivars ($1019,45). Venezuela is currently fighting the worst economic crisis ever, with the International Monetary Fund (IMF) expecting inflation to reach a colossal one-million percent by the end of 2018. The skyrocketing inflation that is unavoidably dragging down the Venezuelan bolivar is forcing people to buy up gold to keep their savings from disappearing.

Venezuela is currently the subject of various penalties imposed by the White House over alleged violations of human rights and of undermining democracy. Americans are banned from investing in newly issued Venezuelan bonds and the country’s state-run corporations. Caracas sees this “economic war” as one of the key reasons for longstanding crisis in the country.

At the same time, the latest decision by the US to partially re-impose sanctions on Iran has boosted demand for gold in that country, as its citizens are looking to protect their wealth against the devaluation of the national currency.


Bill Holter’s Commentary

It only took a moment for this article to click in mentally. I guess they will probably also study global warming on this mission…and make a stopover on the moon?

NASA Launches Historic Probe To ‘Touch Sun’
August 12, 2018


NASA on Sunday launched a $1.5 billion spacecraft toward the Sun on a historic mission to protect the Earth by unveiling the mysteries of dangerous solar storms.

“Three, two, one, and liftoff!” said a NASA commentator as the Parker Solar Probe lit up the dark night sky aboard a Delta IV-Heavy rocket from Cape Canaveral, Florida at 3:31 am (0731 GMT).

The unmanned spacecraft aims to get closer than any human-made object in history to the center of our solar system.

The probe is designed to plunge into the Sun’s atmosphere, known as the corona, during a seven-year mission.

It is protected by an ultra-powerful heat shield that can endure unprecedented levels of heat, and radiation 500 times that experienced on Earth.

– Strange veil –

NASA has billed the mission as the first spacecraft to “touch the Sun.”


Posted at 9:01 AM (CST) by & filed under Jim's Mailbox.

Courtesy of Dave.


The Swiss National Bank Now Owns $87.5 Billion In US Stocks After Q2 Tech Buying Spree
August 9, 2018

In the second quarter of 2018, one in which the global economy was shaken by the rapid escalation of Trump’s trade war, and in which central banks were one after another hinting at their own QE tapering and rate hiking intentions to follow in the Fed’s footsteps, what was really taking place was another central bank buying spree meant to boost confidence that things are now back to normal, using “money” that was freshly printed out of thin air, and spent to prop up risk assets around the world by recklessly buying stocks with no regard for price or cost.

Nowhere was this more obvious than in the latest, just released 13F from the massive hedge fund known as the “Swiss National Bank.” What it showed is that, just like in the prior quarter, and the quarter before that, and so on, the Swiss central bank went on another aggressive buying spree and following a modest selloff in the first quarter which was a mirror image of the SNB’s buying spree during Q1 2017 – the Swiss central bank boosted its total holdings of US stocks to $87.5 billion, up 6.6% or $5.4 billion from the $82.0 billion at the end of the first quarter, and just shy of their all time high.









Courtesy of Dave.


China Will Buy Turkey On The Cheap
August 10, 2018

Like the fall of the Ottoman Empire after World War I, Turkey’s present financial collapse has been expected for years. The sloth of credit rating agencies and the laziness of bank credit committees allowed Turkey to struggle on a year or two longer than it should have, but the collapse of the Turkish lira this week after a long, sickening decline surprised no-one.

Turkey’s volatile president Recep Tayyip Erdogan might have put off the crisis, but instead decided to butt heads with US President Trump over the arrest of an American Protestant minister for alleged terrorism.

At 9:20 am Eastern time, Turkey’s lira was trading at 6.5 to the US dollar, or less than a third of what the currency was worth in 2014. Turkey’s economy is headed for extreme levels of inflation as the price of imports jumps, amid a severe contraction of output as the cost of production inputs rises out of the reach of Turkish businesses.

Turkey will end up as “an economic satrapy of China,” as I predicted last November. President Erdogan in effect threw himself on the mercy of China in a barely-coherent speech earlier today.



Depositors – Not Taxpayers – Will Take the Hit for the Next ‘2008’ Crash Because Major Banks May Use the ‘Bail-In’ System
August 8, 2018

Note to readers: please click the share buttons above 

The Federal Reserve’s recent undermining of the Volcker Rule brings depositors closer than ever to a Cyprus-style “bail-in” in another 2008 crash. And all signs indicate another is on the way. This time, however, many U.S. banks may confiscate deposits to stay solvent because the Dodd-Frank law bars them from touching taxpayers’ monies. Indeed, most major banks have been planning the “bail-in” tactic ever since Dodd-Frank.


What’s likely to happen to depositors’ money in a major commercial bank in another 2008 crash? And for months, financial pundits and experts such as William Cohen have been warning an even bigger one is on its way because nothing has essentially changed.  If it’s one of those giant too-big-to-fail types that caused that global catastrophe, chances are they’ve been planning what’s called a “bail-in” system to seize depositors’ money—temporarily, of course. But whether depositors want to withdraw $50 from the ATM for the weekend, write a cheque at the supermarket, or cash in a CD, they’ll be shut out by their banks.

And when the furious confront those banks, they’ll be told it’s an emergency and, until Monday, would they like to start procedures with the FDIC for a refund? Or accept the bank’s IOU (stocks) immediatelyfor it? (With a failing bank, stocks (aka “equities”) would be as worthless as a Confederate dollar after Appomattox.)

Forget joining fellow depositors armed with baseball bats and AK-16s to storm the banks and retrieve money on Monday. Banks will be closed. Probably ringed by paddy wagons and well-armed police with state-of-the-art equipment to handle any “disturbance.”



Courtesy of Dave.


Apple, Google, Youtube, Facebook, Twitter Subvert the US Constitution, Free Speech, and American Liberty
August 8, 2018

By Paul Craig Roberts

“Information Clearing House” –  The coordinated attack on widely watched Info Wars host Alex Jones by Apple, Facebook, Google/Youtube, and Spotify is all the proof that we need that the total failure to enforce America’s anti-trust laws has produced unaccountably powerful firms that are able to exercise far more censorship, not only in America but also abroad among Washington’s vassal states, than the Nazi Gestapo or Stalin’s NKVD were ever able to achieve.

Recently the progressive Rob Kall and I discussed on his show the implications of a trillion dollar company, which Apple now is. A day or two afterward, Rob Kall wrote an article on his website OpEdNews in which he made a case that a trillion dollar company had too much power for our continuation as a free people. I agree with him. Only 16 countries out of 195 countries in the world, a mere 0.08 percent, have a GDP equal to or larger than one trillion dollars.

Think about that. Apple is larger than the GNP of almost every country in the world. In other words, Apple has the power of a major government. Apple could be a member of the G-20. Apple could institute its own currency and be part of SDR drawing rights. Apple could participate as a backer of IMF and World Bank loans. Apple could have its own military and secret service.

No sooner than Rob Kall made his case than Apple proved it, along with the other tech monopolies: Google/Youtube, Spotify, and Facebook.



European banks are on the hook!


ECB Fears Contagion from Turkish Lira Collapse, Bank Stocks Plunge
August 10, 2018

Don Quijones

On Friday, the Turkish Lira plunged 15% against the US dollar. Over the past two days, it has plunged 18%. Over the past four months — shown in the chart below — it has plunged 38%:









Now even the ECB is beginning to fret about the potential impact the plummeting Turkish Lira may have on Eurozone banks that are heavily exposed to Turkey’s economy via large amounts in loans — much of it in euros — through banks they acquired in Turkey. Given the plunge in the lira, companies have trouble servicing their euro loans and are beginning to default. And loans in local currency are plunging in value along with the currency. This is how the currency crisis in Turkey, which is turning into a debt crisis, could set off contagion effects among banks in France, Spain and Italy — a risk we have been exposing for two years.



Courtesy of Dave.


Iran Sanctions Fallout: China Takes Over French Share In Giant Iran Gas Project
August 11, 2018

When it comes to the Middle East, China has not been shy about its recent ambitions to expand its geopolitical influence in the Gulf region: Just last week we reported that the Chinese Ambassador to Syria, Qi Qianjin, shocked Middle East pundits and observers by indicating the Chinese military may fill the void left in the wake of the collapse of ISIS – and most regional armies – and directly assist the Syrian Army in an upcoming major offensive on jihadist-held Idlib province.

The “[Chinese] military is willing to participate in some way alongside the Syrian army that is fighting the terrorists in Idlib and in any other part of Syria,” the ambassador said in an interview with the pro-government daily newspaper Al-Watan, subsequently translated by The Middle East Media Research Institute (MEMRI).

And having staked a military claim in Syria, China was next set to expand its national interest in that other key regional nation which has been the source of so much consternation to its neighbors and world powers in recent months and which has emerged as a key source of crude oil exports to Beijing: Iran.

It did so today when China’s state-owned energy giant, CNPC – the world’s third largest oil and gas company by revenue behind Saudi Aramco and the National Iranian Oil Company – finally took over the share in Iran’s multi-billion dollar South Pars gas project held by France’s Total, Iran’s official news agency Shana reported on Saturday.


Posted at 4:29 PM (CST) by & filed under Jim's Mailbox.

Dear Jim,

I’m seeing signs of people throwing in the towel in disgust; Wheaton Precious Metals just bought a PGM royalty, Franco Nevada just bought another oil royalty.

And the Vanguard precious metals fund is changing its name because they don’t want to be associated with gold anymore. A newsletter writer I know, who claims to love gold says: don’t expect anything from gold in the near future. In addition, two of the FANG stocks which comprise 20% of the Nasdaq are acting very badly.

All of these things make me extremely bullish, and I expect August to be an August month for gold. Perhaps, I’ll be wrong (it wouldn’t be the first time), but I expect the near record short positions in gold to spark some buying soon. Just a thought.

Your friend,

J. Mergott



We have talked about this on Saturdays for a long time.


Button Up Yer Bungholes Boys N’ Girls, Cuz Baba Beijing Is Bringing On The Badass
August 9, 2018

by Jeff Brown

. . .

So, go ahead and say it: the United States is not humanity’s sole superpower, neither economically, nor militarily. There now, that wasn’t so hard, was it?







Pictured above: Badass Baba Beijing making America’s bald eagle feel the pain. The United States does not have bamboo forests. China has thousands of square kilometers of them. What’s an American eagle doing there? Uncle Sam, you’re out of range and outclassed in this neck of the woods. Time to dust off your feathers and get the heck out. Go home and take care of your own suffering people.


Posted at 4:24 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

SUPRISE…No rules! What a shocker?

The Rules of the Bond Game
July 23, 2018

American hard money advocate, economist, and publisher Franz Pick once called government bonds “Guaranteed Certificates of Confiscation.” In making that statement, he assumed the government would eventually inflate the debt away and thus confiscate the buyers’ purchasing power.

Yet here we are, with U.S. Treasury Bonds holding steady despite seven rate hikes by the U.S. Federal Reserve, huge increases in the supply of bonds, and inflation on the rise. The obvious question is, why?

The reason why government debt keeps increasing and yields are more or less stable isn’t because of the fundamentals of the debt, deficit, or the economy. Instead, it is because the rules of the bond game are written by the banks, for the banks.

In my first book, “Methods of a Wall Street Master,” I introduced “The Gamboni.” Joe is a skilled poker player, but when he sits down at a new game, he has not learned the rules of the house, which include a special set of winning cards called “The Gamboni.” He therefore loses and goes broke. The moral of that story: If you want to win a game, you have to know the rules.


Bill Holter’s Commentary

Please read and understand this regarding trade. Trade contraction is coming whether man made by tariffs or via credit contraction.

How The Global Trade Contraction Begins
August 11, 2018

Authored by EconomicPrism’s MN Gordon, annotated by Acting-Man’s Pater Tenebrarum,

Historical Evidence

The world grows increasingly at odds with itself, with each passing day.  Divided special elections.  Speech censorship by Silicon Valley social media companies.  Increased shrieking from Anderson Cooper.  You name it, a great pileup is upon us.

It was probably Putin’s fault (just a wild guess) [PT]

From our perch overlooking San Pedro Bay, the main port of entry for Chinese made goods into the USA, facets of the mounting economic catastrophe come into focus.  These elements, even for the most untrained of eyes, are impossible to miss.

To meet the relentless expansion of international trade, berths have been widened, and channels have been deepened to accommodate the definitive absurdity of perpetual credit creation:  The CMA CGM Benjamin Franklin.


Jim Sinclair’s Commentary

I think the short seller (mainly singular) may have driven Elon nuts.

DealBook Briefing: Where Is Tesla’s Money?
August 9, 2018

Everyone wants to know where Tesla’s cash will come from

Elon Musk’s declaration that he’s (potentially) taking his electric carmaker off the public markets has everyone’s attention, from Wall Street to regulators. The big question: How will he pay for it?

Bankers at Goldman Sachs, Citigroup and elsewhere on Wall Street are feverishly trying to figure out how to make the plan work — and secure an advisory role — despite being in the dark on Mr. Musk’s efforts.

Their current thinking, according to the NYT: A full buyout is probably a nonstarter, but buying out enough shareholders to let the company delist its stock is more possible, and could be worth up to $20 billion.

Meanwhile, the S.E.C. is investigating whether Mr. Musk just violated securities laws. It’s the last two words of his tweet that count here: “funding secured.” If they’re not entirely true, he’s probably in trouble.

Investors are as likely as the regulator to push Mr. Musk to put up or shut up, and to tell them exactly where that funding was secured. (SoftBank turned him down, for starters.)

Short sellers of Tesla shares, who lost more than $1 billion after Mr. Musk’s tweets, are holding firm. They think a deal won’t happen, in part because they believe no one will want to back it.


Posted at 1:21 PM (CST) by & filed under In The News.

Tom Fitton: Mueller Operation Built on ‘Sand and Corruption’
August 10, 2018


Jim Sinclair’s Commentary

John Williams’

– Seriously Negative Developments for July Real Average Weekly Earnings and June Real Consumer Credit Outstanding

“Consumer Liquidity Watch No. 4”