Posted at 11:18 AM (CST) by & filed under In The News.

If you are a person of any faith, please watch this.  If you are not, these students ask that you stop “prayer shaming”.


Very, VERY powerful and not a single word spoken.

This is an excellent video made in the last few weeks by high school students who don’t say a word in it.

From a Catholic high school (Archdiocese of Hartford, CT) in response to a senator’s remark about  

“Where is God in all the tragedy in the world?”

The End Of Prayer Shaming from East Catholic High School on Vimeo.

Jim Sinclair’s Commentary

The latest from John Willaims’– U.S. Economy Is Turning Down Anew, Threatening Banking-System Stability, Likely to Roil FOMC Policy, with Sharply-Negative Impact on the U.S. Dollar and U.S. Equities, Spiking Inflation and Prices of Gold and Silver
– Major Market Turmoil Increasingly Likely in the Near Future
– Headline Economic Data in the Month Ahead Could Signal a Day-of-Reckoning at Hand
– Despite a Monthly Boost from Falling Gasoline Prices, May 2017 Real Median Household Income Was Statistically Unchanged
– Monthly New- and Existing-Home Sales Rose in May, Yet Both Series Were on Track for Second-Quarter Contractions
– May Existing-Homes Sales Down by 22.7% (-22.7%) and New-Home Sales Down by 56.1% (-56.1%) from Pre-Recession Peaks

“No. 894: Economic- and Financial-System Conditions, May Household Income and Home Sales ”

Bill Holter’s Commentary

You can bet this will soon begin to spread, hang on to your insurance!

ECB shuts down Veneto Banca and Banca Popolare di Vicenza.
June 23, 2017

When banks fail and regulators decide to liquidate them, it happens on Friday evening so that there is a weekend to clean up the mess. And this is what happened in Italy – with two banks!

It’s over for the two banks that have been prominent zombies in the Italian banking crisis: Veneto Banca and Banca Popolare di Vicenza, in northeastern Italy.

The banks have combined assets of €60 billion, a good part of which are toxic and no one wanted to touch them. They already received a bailout but more would have been required, and given the uncertainty and the messiness of their books, nothing was forthcoming, and the ECB which regulates them lost its patience.


Bill Holter’s Commentary

Three cheers for the rule of law!

Judge Acts Quickly On Claim Comey Obstructed Justice
June 23, 2017

Hearing scheduled Friday on lawsuit over buried investigation into surveillance

(WND) – A federal judge in Washington, D.C., has acted quickly in a case alleging fired FBI chief James Comey obstructed justice by burying an investigation into the mass surveillance of Americans by their government.

As WND reported, whistleblower Dennis Montgomery – who worked as a contractor for the National Security Agency, the Central Intelligence Agency and the director of national intelligence – and his lawyer, Larry Klayman of Freedom Watch, filed a request for a temporary restraining order and preliminary injunction late Monday.

By late Tuesday, U.S. District Judge Richard Leon scheduled a status conference for Friday afternoon in his Washington courtroom.


Bill Holter’s Commentary

How is this even possible?

“Trading in short-term interest rate futures has also thinned. Tuesday saw no transactions in three-month Tibor futures — the first time that has happened since such trading began in 1989.”

Japan’s government bond market grinding to a halt
June 24, 2017

TOKYO — Yields on newly issued 10-year Japanese government bonds remained flat for seven straight sessions through Friday as the Bank of Japan continued its efforts to keep long-term interest rates around zero.

The 10-year JGB yield again closed at 0.055%, where it has been stuck since June 15. This marks the longest period of stagnation since 1994, according to data from Nikkei affiliate QUICK.

The implied volatility of Japanese government bonds reached its lowest point since January 2008. Trading in newly issued 10-year debt has become so infrequent that broker Japan Bond Trading has seen days when no bonds trade hands.


Bill Holter’s Commentary

You’ve got to be kidding, a socialist would never do anything like this…

Bernie And Jane Sanders, Under FBI Investigation For Bank Fraud, Hire Lawyers
June 23, 2017

Sen. Bernie Sanders, I-Vt., and his wife, Jane Sanders have hired prominent defense attorneys amid an FBI investigation into a loan Jane Sanders obtained to expand Burlington College while she was its president, CBS News confirms.

Politico Magazine first reported the Sanders had hired lawyers to defend them in the probe. Sanders’ top adviser Jeff Weaver told CBS News the couple has sought legal protection over federal agents’ allegations from a January 2016 complaint accusing then-President of Burlington College, Ms. Sanders, of distorting donor levels in a 2010 loan application for $10 million from People’s United Bank to purchase 33 acres of land for the institution.

According to Politico, prosecutors might also be looking into allegations that Sen. Sanders’ office inappropriately urged the bank to approve the loan.


Bill Holter’s Commentary

During private conversation Jim wondered what the percentage of the U.S. population is on anti depressants? It looks like the answer is 13%. When you add in opiod use and high blood pressure medicine the number jumps to 37%. No one as far as I know has asked the question, “what happens to these people after a week without these meds”? This is a very real question because when credit breaks down, distribution will immediately follow. …And we thought TV shows like Zombie apocalypse were fictional?

70 Percent of Americans take Prescription Drugs
June 24, 2017

Fueling the perception that America is an overmedicated society, a new Mayo Clinic study finds that nearly 70 percent of Americans are on at least one prescription drug, and more than half take two.

Researchers found antibiotics, antidepressants and painkilling opioids are the most commonly prescribed.

And one of five patients are on five or more prescription medications, according to the findings, published online in the journal Mayo Clinic Proceedings.


Posted at 2:48 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

It smelled wrong when the news first came out. If this is true, the ramifications are horrifying.

Chinese EMP Hit the Fitzgerald-Nimitz Racing to Scene As War Is Close
June 23, 2017

I publicly stated, on June 21, that the USS Fitzgerald was hit by an EMP. My belief is rooted in several factors which will be discussed by the end of the article. However, the foundation for my belief comes from a two-year-old declassified intelligence report.

The Chinese Make EMP Weapons a Priority

A 2015 declassified intelligence report, obtained by the private National Security Archive, provides details on China’s EMP weapons as well as the plans for their use.

The report details how much of China’s military is developing EMP weapons that the Chinese plan to use against targeted U.S. aircraft carriers with regard to any future conflict over Taiwan. Parts of the National Ground Intelligence Center study on the lethal effects of electromagnetic pulse (EMP) and high-powered microwave (HPM) weapons revealed that the arms are part of what China refers to as the “assassin’s mace”. This arsenal of EMP weapons allows a technologically inferior China to defeat U.S. military forces while leaving much of the surrounding infrastructure intact. It is like the neutron bomb of EMP weaponry.


Bill Holter’s Commentary

We might be able to file this under the “truth bomb” category.

Senate Announces Probe Of Loretta Lynch Behavior In 2016 Election
June 23, 2017

The Senate Judiciary Committee has opened a probe into former Attorney General Loretta Lynch’s efforts to shape the FBI’s investigation into 2016 Democratic presidential nominee Hillary Clinton, the committee’s chairman announced Friday.

In a letter to Ms. Lynch, the committee asks her to detail the depths of her involvement in the FBI’s investigation, including whether she ever assured Clinton confidantes that the probe wouldn’t “push too deeply into the matter.”

Fired FBI Director James B. Comey has said publicly that Ms. Lynch tried to shape the way he talked about the investigation into Mrs. Clinton’s emails, and he also hinted at other behavior “which I cannot talk about yet” that made him worried about Ms. Lynch’s ability to make impartial decisions.


Posted at 12:28 PM (CST) by & filed under

Jim Sinclair’s Commentary

This is logical. Everyone else is working to dump Trump out of the presidency, certainly the MSM and the Elite’s Snobs Club. You think increased interest rates or any kind of normalization is warranted? You are bonkers re: timing.

Fed Trying to Cripple Trump Economy-Danielle DiMartino Booth
June 21, 2017

Financial expert and former top Federal Reserve insider Danielle DiMartino Booth says the latest Fed rate hike is nothing less than an attempt to make life worse for President Trump. DiMartino Booth explains, “They are trying to do the opposite of what they did a year ago because the people who occupy the White House have changed. That’s the only feasible answer I can come up with to explain the Fed tightening into a weakening economy. Their own metrics don’t lie. Nonfarm payroll growth has slowed appreciably over the last 12 months, and their favorite inflation metric is back below 2%. These are the rules they have made up, not me. They (the Fed) are making policies against their own rules, and there has to be a reason for it.”

DiMartino Booth wrote a popular book called “Fed Up” that reveals the Fed’s manipulation of the financial markets and says flat out, “The Federal Reserve is bad for America.” DiMartino Booth says massive manipulation is the only way you can explain rising federal debt and stagnant or falling interest rates on the 10-year Treasury bond. DiMartino Booth contends, “The only way you can fabricate the surreal balance between growing debt and falling interest rates is to manipulate that. . . . These are central bankers gone wild. . . . In 2008 and 2009, the credit markets were closer to $200 trillion in size. Today the credit markets are closer to $300 trillion in size, and we still can’t say what and where the next systemic risk lies.”

On gold, DiMartino says, “I think gold is in the very late stage of a correction phase. Once we get a sniff of true market reaction to any of these geopolitical events, I think you could see gold take off like a boomerang or a hockey stick. . . . If there is any slowing in the global economy, then the safe haven will not necessarily be U.S. Treasuries. The ultimate safe haven is gold.”


Posted at 12:13 PM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

It looks like BS is not floating well. That might well be part of why Trump is president.

Labor Cuts At Liberal Media Outlets, Hundreds Being Let Go
June 14, 2017

Major media outlets, including the Huffington Post, The New York Times, NBC, Vocativ, Newsweek and Time Inc., initiated major layoffs of their labor forces Tuesday and Wednesday.

The NYT and Newsweek have been whispering about mass layoffs for the past year, while HuffPost and Time made their cuts just this week. The move will put hundreds of journalists and media staff out of work while helping digital media continue its rise as the primary source of news and information.

Time announced that it will be laying off about 300 employees through a series of buyouts and layoffs. The move will eliminate 4 percent of its workforce as it looks to cut costs in the midst of lagging sales.


Posted at 9:14 AM (CST) by & filed under Jim's Mailbox.


Worth Remembering.

CIGA Wolfgang

“One simple rule to follow:

Determine what is best for the government and know that is what the powers are working to make happen.

Inflation is what is best for a government with enormous debt.” — Ayn Rand



This MACD! When is it gonna be B/D level 0 = bear?

I still would like to study it for a wedge supercycle.

CIGA Huguette




“For a hamburger today, I’ll gladly pay you Tuesday”

Wimpy from Popeye

Which is real?

The hamburger? Or the payment Tuesday?

Un-Real Things

Cryptocurrency….untouchable by owner.

(exists in the cloud, like a figment of your imagination)

Equities….untouchable by owner.

(at one time you got physical certificates. Alas, no longer)

Bonds…….untouchable by owner.

(at one time you got physical certificates. Alas, no longer)

Commodities…..untouchable by owner.

(just try to get physical delivery of gold and silver. Good luck!)

(includes ALL commodities. Ever hear of “Force Majeure”?)

Real Estate…..untouchable by owner.

(to some extent).

(ever hear of “Eminent Domain”?)

Fiat currency….. untouchable by owner

(to some extent).

(it CAN be used to wipe your butt if necessary).

(truly a remarkable slight of hand. You’re led to believe that what you have in your hand is real. It is not! It’s simply an empty promise that deteriorates in value over time.)

This is why precious metals and gems have always stood the test of time. They are REAL!

Still not convinced?

E-commerce….untouchable by owner.

“But the one thing still not settled or answered from today’s misreporting: what happens to downloaded content when the buyer passes away? (Spoiler alert: just because you buy it doesn’t mean you own it, and certainly doesn’t mean you can do whatever you like with it.)

Only one in a million people actually read the terms and conditions of any Web site, service, or application. You immediately jump to the bottom of the screen and hit the “I Agree” button and sail off on your digital downloading way. It’s the terms and conditions which govern exactly who owns the music you buy even once you escape the mortal coil.”

CIGA Wolfgang Rech

Who Owns Your Downloaded Music After You Die?
September 3, 2012

Earlier today, a story emerged from the British tabloids that Bruce Willis was considering suing Apple in a bid to determine who gets his iTunes music collection after his death. Perhaps something more suited for April Fool’s Day? We reported it (and fell for it) and we’ve updated the piece to reflect that the original source was a work of fiction. (Willis’ wife tweeted this morning that the story was not true.)

But the one thing still not settled or answered from today’s misreporting: what happens to downloaded content when the buyer passes away? (Spoiler alert: just because you buy it doesn’t mean you own it, and certainly doesn’t mean you can do whatever you like with it.)

Only one in a million people actually read the terms and conditions of any Web site, service, or application. You immediately jump to the bottom of the screen and hit the “I Agree” button and sail off on your digital downloading way. It’s the terms and conditions which govern exactly who owns the music you buy even once you escape the mortal coil.




Is it possible we are watching the final days of the US dollar? The Petro appears to be failing. The supply/demand story may be cover for a dying fiat. What do you guys think?


It is the dying days of the dollar but you are confusing “price” with “velocity”. Velocity is drying up, this is the evidence of a dying dollar as it’s global use is dropping. This symptom of low oil “prices” alone would be saying the opposite as it is taking fewer dollars per barrel…thus making the dollar more valuable in terms of oil. I believe what we are seeing rather is a weakness in global economic activity and trade at a time China (and the U.S.) have largely full storage facilities. “Where” to put the oil seems to be the problem so Mother Nature lowers the price to increase consumption and lower incentives to produce. I do believe there has been “cartel support” in price over the last year but that story has been torn apart by lower demand and full storage facilities. Debt saturation and slower (negative?) debt creation is taking it’s toll on economic activity, it may currently be viewed as deflationary winds blowing…until debt actually starts to blow up. Then, we will see currencies themselves rapidly fail as financial institutions fail…at that point central bank reactions will be considered hyperinflationary. You see, fiat currencies will not survive , whether you call it inflation or deflation is a moot point as “wealth” will end up accumulating in gold and silver. It is in terms of precious metals where everything will deflate, because at current “prices”…there is simply not enough gold and silver to go around. Think this one through thoroughly, the very last line is the key!


Posted at 10:12 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

Ill advised but certainly one way to GOTS (get out of the system) …”24% of American don’t have a single dollar save for emergency”.

5 Facts That Prove Americans Don’t Know Anything About Managing Money
June 20, 2017

You can take this to the bank: Americans are messed up about money.

A slew of new surveys and data have come out revealing that we don’t save enough, we spend money we don’t have, we have our financial priorities backwards — and more. Here are five new stats that prove Americans are backwards about money.

About 1 in 4 literally have no emergency savings. A survey released Tuesday by found that 24% don’t have even a single dollar saved for an emergency. And that’s just one of many surveys showing how little we have saved: A survey released in January by Bankrate found that nearly 60% of Americans wouldn’t have enough savings to pay for a $500 expense if it came up unexpectedly. What’s more, more than one in five say they’d slap down their credit card to pay that expense and more than one in would mooch off family to get the cash. Experts recommend that Americans have a least three to six months of income in the bank to pay for unexpected emergencies.


Judicial Watch Sues for Obama Family Travel and Secret Service Costs
June 20, 2017

(Washington, DC) — Judicial Watch announced today that it filed a Freedom of Information lawsuit (FOIA) against the Defense Department and the Department of Homeland Security seeking Air Force and Secret Service expense records for Obama family travel dating back to 2014. The lawsuit was filed in the U.S. District Court for the District of Columbia (Judicial Watch v. U.S. Dept. of Homeland Security (No. 117-cv-01007)).

Judicial Watch is also seeking Secret Service expenditure records for the kickoff to former Secretary of State Hillary Clinton’s presidential campaign between April 1 and May 6, 2015. Additionally, Judicial Watch seeks travel records regarding President-elect Donald Trump between November 9 and December 12, 2016, for residing in Trump Tower and then going on a “Thank You Tour” of six states.

The suit was filed after the Air Force and Secret Service failed to respond to multiple FOIA requests filed between October and December 2016.