Posted at 10:31 AM (CST) by & filed under General Editorial.

My Dear Extended Family and Friends,

 

This is another instalment of the “Be Prepared” Series I started publishing a couple of years ago. As you know, these are suggestions for what to consider in preparing for the future, and specifically, what to consider for emergency preparedness. The information provided are not recommendations, but merely matters to take into consideration for yourself and your loved ones in an emergency. This isn’t a “how to” article, although some “how to” will be mentioned. This is an article to help you consider whether or not to keep some cash at home, regardless of how much, or how you may choose to do it. I would urge you to keep some cash at home for an emergency. The problem with emergencies is that they are not predictable and occur without much warning, if any. This article may help you consider if keeping cash at home is the sensible plan for your family.

All the very best to you and yours,

 

– Jim Sinclair

 

BE PREPARED – Keeping Cash at Home

 

About 1 in 4 Americans already keep some cash at home. The natural disasters and power outages of the past decade have revealed the wisdom of having some cash for an emergency. We can’t always predict when an emergency will arise, but we can prepare for certain problems and circumstances which are likely to arise in emergency situations. The issue of keeping cash at home has been one of much debate. This article addresses keeping some cash at home, and some considerations to keep in mind in deciding the issue for yourself.

 

We often write a great deal about keeping precious metals, specifically gold and silver. Yet, in a short term emergency, cash would be king. The kingly status of cash would, of course, depend on the length of the emergency, and on the continued confidence in the currency itself. By cash, we mean the paper currency itself, whether it be US or Canadian Dollars, Pounds, Yen, Euros, Renminbi, etc. For examples used in this article, we will refer to the US Dollar, and you may convert suggestions and amounts relative to your own financial system’s currency, just as you must convert suggestions to your individual and specific needs.

 

Having cash outside of the banking system is common sense in many ways. Look at a state like New Jersey following Hurricane Sandy. Banking came to an abrupt halt. Most financial transactions in the US are not accompanied by exchange of physical currency/cash. Transactions are digital, i.e. no physical cash is exchanged for items or services. Transactions usually occur on digital ledgers – most often, debit, credit or otherwise electronic transfers for exchanges. Many people in NJ were without power for a week or more. The power grid was down. Many NJ grocers and service providers would only accept payment in cash, and those few who accepted debit or credit limited the amount of transactions because the provider could not verify electronic payments or available credit without electricity. People had little or no cash and therefore little or no buying power. The people could not obtain their needs. The events following Hurricane Sandy were eye-opening in terms of preparedness, and many were unprepared. ATM machines don’t function without electricity. Anyone who might use an ATM to obtain cash, had no access to cash regardless of how much money they had in the bank. In addition to New Jersey, many banks were closed in New York and Connecticut. People who had cash could buy groceries and water. Water treatment plants weren’t operating because the power grid was down, so potable water was in short supply. Water could not be boiled if the electric range had no power. Cash was vital to obtain goods and services in the aftermath of Hurricane Sandy in NJ and many other areas.

 

We can’t know when an emergency will arise, but we can plan and prepare. Not all emergencies are storms, power outages, earthquakes and other natural disasters. There are other emergency situations to consider. Recently the stock markets have been extremely volatile. In the past two weeks we saw a couple of 700+ point drops in the stock market. These are actually 1000+ point swings. The decline and the subsequent upside movement is the swing. In the USA, we have a Plunge Protection Team (PPT) whose mandate it is to prevent the crash of the stock market. The problem is that the markets are not operated by humans any more. The stock markets are operated by computers. Humans are not as fast as computers and can’t compete with high frequency trading (HFT). The stock market will crash one day even if we can’t predict when that day will come. When that day comes, investors will panic. Investors have historically panicked and the next crash will not be different. When the markets crash, trading is halted and/or the markets are closed, at least temporarily. You may think you are safe from the activity in the stock markets if you don’t have money in stocks. That is a false belief. The problem here is that when investors panic in a market situation, the first place they will go is to their banks and financial institutions to get their money. A bank run is the the result of panic, not usually a result of the insolvency of the bank. Investor panic would initially be into cash, followed by precious metals in a prolonged financial emergency. Investors would want to access whatever cash they have or can get. Most investor cash is in the bank, savings, checking, etc. Sovereign nations do not allow runs on their banks. The government of the USA will not allow runs on US banks and financial institutions, and will automatically employ the 1933 Banking Act (Glass–Steagall Act) to impose what is commonly referred to as “Bank holidays.”

 

A banking holiday means financial institutions will close instantly and at least, temporarily. If you do not have cash at home for supplies, groceries, medicines, gasoline, etc. you may not be able to get cash or purchase your needs. Debit and credit will not work and electronic transactions will not process or clear during a banking holiday. You may be able to get some cash from an ATM because ATMs are designed to operate when banks are closed. The problem is that when the ATM is empty, it will not be restocked with cash if the bank is still closed. Having some cash at home is the safest bet, and most importantly – it will do no harm.
The 1933 Banking Act wasn’t just a result of the Stock Market crash of 1929. There were other factors, (Dust Bowl, etc.) but the runs on the banks were ultimately the reason for the Act. The difference between 1929 and today is that what took a couple of years to occur in the early 1930’s would occur in a heartbeat today thanks to instant electronic communications. It only takes a few panicked people to create a banking problem, and the information age would accelerate runs on the banks. Having some cash at home and outside of the banking system would seem to be a common sense, conservative plan. You decide.

 

These days, banks aren’t paying much in the way of interest. Even worse, a bank depositor is an unsecured creditor for the bank’s obligations due to the laws promulgated as a result of the crash of 2008. In 2008, the government bailed out the banking/financial service sector among others. Bailouts for the banking system are not possible for the government now, and bail-ins of depositors money will likely occur due to the laws put into place to protect the banks. This means a depositor gets their money last in the event of a bank failure. Those banks which were bailed out by government in 2008, will be the most likely to be bailed-in with depositors money in a future banking crisis. The FDIC/FSLIC will guarantee the money (with limits) for individual bank failures, but will not and cannot protect depositors against a systemic failure. A robber may rob you with a gun, but the stock market, banks and financial institutions could rob you with a computer – in a nanosecond.

 

We didn’t see banking runs in the 2008 financial crisis scenario, but there were, nevertheless, runs on banks in 2008. The bank runs that occurred in 2008 are known as “Silent Bank Runs.” In a silent bank run, a depositor does not go physically to the bank and withdraw physical cash. These silent runs are electronic transactions through wire and other electronic fund transfers. During the 2008 financial crisis, the failure of Washington Mutual triggered a silent bank run on Wachovia Bank. Wachovia lost $5 billion in withdrawals due to a silent run on the bank over the weekend. Wachovia would not have been able to open for business on Monday due to the resulting liquidity problem created by the silent bank run. Through FDIC involvement, Wachovia was acquired by Wells Fargo and a bank failure which resulted from a drop in stock price was averted. Had the scale of the financial crisis in 2008 been broader, such an intervention might not have been possible. Most depositors of Wachovia were unaware of what happened. Having cash outside of the bank could have helped if a worst case scenario had occurred, still depositors were unaware until after the fact.

 

Questions to ask yourself should you decide to keep some cash at home:

 

How much?

This is the next logical question if you decide to keep cash at home. $100 is probably enough for most families for a 3 day emergency fund. Perhaps keep a minimum of $100 for three days of needs. You can aim at $100 first and build up your fund from there. If you decide to keep cash at home, try to set aside $100 in cash as soon as possible. Think of this cash as insurance. There is a psychological component to adjust to in keeping cash at home, if you haven’t in the past. Be realistic, not paranoid. To develop emergency cash at home, pay yourself and your cash emergency fund first. Put your emergency money aside first and then keep it only for an emergency…not that big screen TV you liked, or the concert tickets you want. Forget about the money until it is actually needed for an emergency. The suggested amounts are aimed at an average family without significant extraordinary expenses, like expensive medical needs, etc. Whenever you receive income, consider putting 5%-10% at home, in cash faithfully until you reach your target. It will add up and soon you will have an emergency cash reserve. Everyone’s comfort zone is different and every targeted amount for an emergency fund will vary from one family to the next. There is no average, no norm, no minimum and no maximum. What you choose, want, and need are unique to you and your family. Create your own plan and work your plan.

 

Where?

Where to consider hiding/storing your cash at home is the next logical concern. Assess the risks of your location. Most people don’t have a robust alarm system, but there are plenty of places in the home you could consider securing some cash. Cash can be stolen; it can burn; it can also rot. A banker would have you believe that a bank is the only safe place to keep cash. You must do your own due diligence and exercise your own judgment. Where will your banker be during a bank holiday? The average thief spends about ten(10) minutes in the burgled home. Some hiding places are safer and therefore better than others. There are internet videos and articles which can help you choose places and receptacles for your cash, papers and valuables. This article is mainly about deciding whether or not to keep cash and home, and not about the place, manner and method you may choose. Security is probably the greatest concern of most people. Security cameras which connect to your mobile phone are cheap these days. Do you have a robust alarm system: signs which say, “Smile, you’re on Camera” even if you don’t, or a large black dog? A large black dog is the most significant deterrent to burglary and home invasion. Consider how safe your home is and/or how safe you can make it.

Theft 

An experienced burglar in your home most often targets the master bedroom, bathroom and home office for valuables. Kids rooms are often undisturbed by an invader. There are many tactics and receptacles for cash which may not attract the interest of a burglar. For this reason, diversion safes are popular. That said, there are certain popular containers which may be inherently unsafe. In considering a storage container, anything which can easily be picked up and removed is probably not the highest choice. Diversion safes are “hide in plain sight” receptacles and should be carefully scrutinized before deciding to use them. These are usually small safes which are designed to look like something else. Diversion safes usually appear to be something common place, and in general they are easy to open to access the contents. Their safety is in their deceptive commonplace appearance. Among these are cut outs in books, fake electric outlets, fake hollow lettuce you keep in your refrigerator, phony canned goods, etc. Consider that these items are known to experienced burglars. Also consider accidental discard of your safe by others who do not know the content. There was a man who kept a significant savings in a diversion safe soup can. Upon his hospitalization, well meaning and unknowing relatives donated all of his old canned food to a food bank. Poof! and his savings was gone. Unlike the heart warming stories we love to read, his savings was not returned by a good and honest Samaritan. When a burglar ransacks your dwelling, they are fast, and they aren’t careful or kind to your property. Burglars instantly clear all of the books off of your shelves and dump dresser and other drawers in seconds. Book diversion safes don’t normally survive this treatment and the book reveals its contents. Cash taped to the underside of a draw is similarly revealed. Pictures hanging on the wall are pushed aside so that a wall safe might be revealed. In an emergency, you may not be the target of an experienced burglar, but in such an emergency, your robber may be looking for food, drugs or alcohol, more than valuables, so forget hiding your cash in fake vegetables, or wrapped in foil in the freezer with a label which says, “scraps”. Think long term for your safe place, and if you choose a diversion safe, make sure you won’t be the victim of an accidental discard of the safe. Consider at least two locations for cash/valuables. It is fairly well known that if you have an actual safe, that it is best to have two safes. One easily found safe for burglars to raid or steal and a second, well-hidden safe where the bulk of your assets in the home are kept. Safe deposit boxes have restrictions on their use, and can only be accessed when the bank is open. A bank holiday would put your cash and assets out of your immediate reach. Your assets in the home aren’t just cash. Your assets at home are also your precious metals, jewellery and collectibles. You should also consider your passports and other important documents when choosing safe places in the home.

Fire 

Home fires are tragic, and you don’t need a natural disaster or a financial system emergency to experience one. In considering your storage location, remember that heat rises. The greater the heat, the faster and more furious the draft. Places under the ground level floor, or closer to ground level may be safer than a room on an upper floor of your home. Gold and silver can survive the average home fire, but cash and documents generally don’t. The average house fire burns at a temperature of about 1,100 degrees Fahrenheit – not enough to destroy your precious metals. There are numerous receptacles available to help shield cash, jewellery, a flash drive with your banking info and important personal/business data, and important paper documents from a fire. These have varying ranges of success in protecting your home-kept cash/valuables, and a lot depends on their location and the time and exposure in a fire. Remember that most of these receptacles are not fire “proof”. Most are fire “resistant/retardant”. You can look for videos online to review the tests on such receptacles and be guided accordingly in your selection. Aviation fire containment bags might be a good choice, but most of them are larger than what would be needed for cash and they are usually swamp hollow (safety) orange in color. They are designed to be easily seen and they stand out like bright neon if seen. Read or watch some reviews. There are incidences where the paper/document storage bag or receptacle was undamaged, but the contents were destroyed. Research “fireproof bag” to examine available choices, see tests and read reviews.

Rot

Burying cash and other paper documents can make them susceptible to damage by moisture and rot. Rot could occur in a potted house plant as easily as it would in the garden. The containment bags/receptacles mentioned above usually prevent moisture and many are waterproof. Choose a place and a container in which rot would not be an issue, or mitigate the possibility with a waterproof container. In locations in a wall or under base woodwork or molding, or kick plate under your kitchen cabinets – doubled zip lock freezer bags would be sufficient to prevent moisture.

 

Do a risk/benefit analysis for yourself to decide if keeping cash at home is right for you. Nothing is 100% safe, and that includes the banking system. Do an analysis for your specific circumstances. Many people justly feel that keeping money in the banking system is playing financial roulette due to the potential for bank holidays from a market failure, other financial crisis or natural disaster in addition to the ominous potential for bank bail-ins of depositors money. What you believe and what you do will depend entirely on your comfort level. If you choose to keep some cash at home select a variety of bill denominations. Large denomination bills like $100 may be hard to use in an emergency and making change could be an issue. Select a wide variety of currency denominations $1, $5, $10, $20, etc. There is also a possibility that in a financial crisis, in order to slow the velocity of money (the rate at which money changes hands for goods and services) that a government will remove or recall large denomination notes. This was done in India in the past year and a half.

As the preparedness expression goes, “it is better to be a months too early than a second too late”.
Imagine, what you would do right now, if your buying power was limited to the cash you had right at this moment. How would you do?

 

——————————————————–

Posted at 12:02 PM (CST) by & filed under Jim's Mailbox.

JB with a heads up for us…and corrupt officials!

Bill

Posted at 10:14 AM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

The latest from John Williams’ www.shadowstats.com

– First-Quarter 2018 Real GDP Should Slow Much More Sharply Than Expected
– Nothing Supports the Existing Purported Post-Recession GDP Expansion of 15.3%, Including Headline Production and Manufacturing, Retail Sales, Construction, Payroll Employment and Civilian Employed, Trade Deficit, Credit Growth, Freight Activity and Domestic Petroleum Consumption
– April Consumer Outlook Took a Hit, Amidst Faltering Earnings and Credit
– First-Quarter 2018 Real Retail Sales Contraction of 2.6% (-2.6%) Was Deepest Since Depths of the Great Recession
– Real Sales Growth Backed Off from Fourth-Quarter Natural-Disaster Boosts, Yet, Annual Real Growth Also Fell Deep into Recession-Warning Territory, versus First-Quarter 2017, Which Was Not Disaster-Impacted
– March Freight Index Continued Higher with Strong Annual Growth, Still Shy of Recovering Its Pre-Recession Peak Activity by 7.4% (-7.4%)
– Given a Record 41 Quarters, 123 Months of Economic Non-Expansion, March Manufacturing Still Held Shy of Its Pre-Recession Peak by 5.4% (-5.4%)
– Continuing in Nonsensical Monthly Booms and Busts, March 2018 Housing Starts Gained 1.9% on Top of Sharp Upside Revisions to February, Still in Low Level, Non-Recovering Stagnation and Shy by 42.0% (-42.0%) of Beginning Its Economic Expansion

“No. 946: March Retail Sales, Industrial Production, Freight Index, Housing Starts, GDP Outlook”

www.shadowstats.com

Bill Holter’s Commentary

…remain the same for the whole of the next decade?  Extreme wishful thinking!

“The federal budget deficit of 5% of GDP this year is almost unprecedented at a time of full employment, and the CBO recently forecast that similar deficits will, on unchanged policies, remain in place for the whole of the next decade.”

Available via Financial Times subscription

Jim Sinclair’s Commentary

There is but one savings account that for 2500 years has and will continue to be a true storehouse of value. That is GOLD in your possession.

Special Report:  Banks Get Approval To Seize Your Savings Account

(via The Horn News)

So if the bank then fails (meaning its shares fall)… so does your deposit.

Let’s say bank fails in the US. Bank is too big for the FDIC to make hold. So…

1)   The FDIC takes over the bank.

2)   The bank’s managers are forced out.

3)   The bank’s debts and liabilities are converted into equity or the bank’s stock. And yes, your deposits are considered a “liability” for the bank.

More…

Posted at 10:07 AM (CST) by & filed under USAWatchdog.com.

April 22, 2018

Investment advisor and former Assistant Secretary of Housing Catherine Austin Fitts warns that the “financial rape of America” is nothing more than “re-engineering” the debt based economy. This “rape” is happening from earth to space, and it connects to $21 trillion in “missing money” that has disappeared from the federal budget since the late 1990’s.  Fitts explains, “I started to look at where all this missing money from the federal government is going, and it led me into space.  There are lots of questions.  In the last few years, the commitment by the American government, the European government and the Asian governments have become much more overt.  There is also the commitment from the private sector. . . .It’s becoming much more feasible to do manufacturing, mining and other things in space. . . . You see a lot of the corporate world lining up to do this. . . . I think that is very exciting.  At the same time, if you look at the sub-orbital platform and the orbital platform around earth is being used for control . . . and a lot of it comes down to control, control of what is going on in the planet.”

The “rape of America” is happening with the pension funds, according to Fitts. Fitts is worried about the value of the U.S. dollar.  Fitts says, “I have never been worried about the U.S. dollar, and we have argued a lot about this, but I am now starting to get very concerned. . . . The biggest buyers of U.S. Treasuries are U.S. pensions.  Basically, the U.S. pensions are buying trillions of dollars of U.S. Treasuries, and the money goes into the government, and then the money goes out the back door.  In the meantime, the taxpayers, including those pension beneficiaries, are on the hook for those Treasuries.  So, you are giving away real money, and all you are getting is a liability. . . .So, the federal government literally becomes a laundry mechanism. . . . Now, I am seeing multiple efforts, disinformation efforts, fear porn and hope porn all pushing that it would be a good idea to dissolve the U.S. government and auction off the assets, which is the “rape of Russia” plan right here in America.  Privatization is when I transfer an asset out of government at market price.  Pirate-tization is when I transfer it out at 10 cents on the dollar.  A lot of the plans I am hearing are proposing just that. . . . Are they going to do a radical re-engineering in a way that is bad for the taxpayers?  I am seeing lots of ideas floated about partial defaults and dissolving the U.S. government and paying the debt back by auctioning all the assets.  It’s pretty scary. . . . In Russia, you had significant depopulation happen because of this.”

More…

Posted at 1:57 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

Again, OH CANADA!

Congrats! Canadians Just Set A New Record For Borrowing Against Their Homes
April 18, 2018

Canadian real estate related debt tapering? That would be ridiculous! Filings obtained from the Office of the Superintendent of Financial Institutions (OSFI) show, after a brief decline in January, the balance of loans secured by residential real estate hit a new high in February. More interesting is the segment of loans being used for personal consumption, is growing at the fastest pace in years.

Securing A Loan With Home Equity

Loans secured by residential real estate are exactly what they sound like. They’re loans that you pledge your home equity in order to secure. The most common example would be a Home Equity Line of Credit (HELOC). You know, the same type of loan the Canadian government is discretely paying to teach you how to borrow. There’s also more productive uses, like when you start a new business and need to use your home as security – just in case you aren’t able to pay your loan shark bank back.

Either way, debt is debt. The big difference to note is a loan secured for personal reasons, is considered non-productive. The borrower isn’t expected to take a calculated risk, in order to earn more money. A business loan is considered productive, since it might generate more money. This isn’t just our opinion, banks actually classify these loans separately in their filings. Today we’ll go through the aggregate of these numbers, then break them down segment by segment.

More…

Posted at 1:54 PM (CST) by & filed under Jim's Mailbox.

Col. Wilkerson: Hard To Believe That Assad Would Use Chemical Weapons
April 20, 2018

The ex chief of staff to Colin Powell has criticized the “former colonial powers; France, U.K., and the U.S.”, questioning their motives for attacking Syria. In an interview for Newsvoice Think, Colonel Lawrence Wilkerson — who served in the U.S. army for 31 years — said that he found it “unbelievable” that Bashar al-Assad would use chemical weapons and thus jeopardize his victory by drawing the United States into the situation.

. . .

The commercial motivations for the U.S. going to war in Syria were also laid bare by Colonel Wilkerson. He described Lockheed Martin — the American defense technologies company — as “merchants of death” and described the monopolisation arms contractors have over the governments, and the massive profits they make from war.

More…

 

CIGA Joe sends us a gem. Please someone tell us this is fake news?

Bill

From 2001 to 2005 there was an ongoing investigation into the Clinton Foundation.

 

A Grand Jury had been empaneled.

 

Governments from around the world had donated to the “Charity”.

 

Yet, from 2001 to 2003 none of those “Donations” to the Clinton Foundation were declared.

 

Hmmm, now you would think that an honest investigator would be able to figure this out.

 

Guess who took over this investigation in 2002?

 

Bet you can’t guess.

 

None other than James Comey.

 

Now, that’s interesting, isn’t it?

 

Guess who was transferred in to the Internal Revenue Service to run the Tax Exemption Branch of the IRS?

 

Your friend and mine, our favorite person in the whole world, Lois Lerner.

 

Now, that’s interesting, isn’t it?

 

It gets better, well not really, but I am sure this is all just a series of strange coincidences, right?

 

Guess who ran the Tax Division inside the Department of Injustice from 2001 to 2005?

 

None other than the Assistant Attorney General of the United States, Rod Rosenstein.

 

Now, that’s interesting, isn’t it?

 

Guess who was the Director of the Federal Bureau of Investigation during this time frame???

 

I know, it’s a miracle, just a coincidence, just an anomaly in statistics and chances, Robert Mueller.

 

What do all four casting characters have in common?

 

They all were briefed and/or were front line investigators into the Clinton Foundation Investigation.

 

Now that’s just a coincidence, right?

 

Ok, lets chalk the last one up to mere chance.

 

Let’s fast forward to 2009, shall we?

 

James Comey leaves the Justice Department to go and cash-in at Lockheed Martin.

 

Hillary Clinton is running the State Department, on her own personal email server by the way.

 

The Uranium One “issue” comes to the attention of the Hildabeast.

 

Like all good public servants do, you know looking out for America’s best interest, she decides to support the decision and approve the sale of 20% of US Uranium to no one other than, the Russians.

 

Now you would think that this is a fairly straight up deal, except it wasn’t, the People got absolutely nothing out of it.

 

However, prior to the sales approval, no one other than Arkansas Bill goes to Moscow, gets paid 500K for a one hour speech then meets with Vladimir Putin at his home for a few hours.

 

Ok, no big deal right?

 

Well, not so fast, the FBI had a mole inside the money laundering and bribery scheme.

 

Guess who was the FBI Director during this timeframe?

 

Yep, Robert Mueller.

 

He even delivered a Uranium Sample to Moscow in 2009.

 

Guess who was handling that case within the Justice Department out of the US Attorney’s Office in Maryland.

 

None other than, Rod Rosenstein.

 

Guess what happened to the informant?

 

The Department of Justice placed a GAG order on him and threatened to lock him up if he spoke out about it.

 

Interesting, huh?

 

How does 20% of the most strategic asset of the United States of America end up in Russian hands when the FBI has an informant, a mole providing inside information to the FBI on the criminal enterprise?

 

Guess what happened soon after the sale was approved?

 

~145 million dollars in “donations” made their way into the Clinton Foundation from entities directly connected to the Uranium One deal.

 

Guess who was still at the Internal Revenue Service working the Charitable Division?

 

None other than, Lois “BOLO” Lerner.

 

Interesting, huh?

 

Ok, that’s all just another series of coincidences, nothing to see here, right?

 

Let’s fast forward to 2015.

 

Due to a series of tragic events in Benghazi and after the 9 “investigations” the House, Senate and at State Department, Trey Gowdy who was running the 10th investigation as Chairman of the Select Committee on Benghazi discovers that the Hildabeast ran the State Department on an unclassified, unauthorized, outlaw personal email server.

 

He also discovered that none of those emails had been turned over when she departed her “Public Service” as Secretary of State which was required by law.

 

He also discovered that there was Top Secret information contained within her personally archived email.

 

I will spare you the State Departments cover up, the nostrums they floated, the delay tactics that were employed and the outright lies that were spewed forth from the necks of the Kerry State Department, we shall leave it with this…… they did everything humanly possible to cover for the Hildabeast.

 

Now this is amazing, guess who became FBI Director in 2013?

 

Guess who secured 17 no bid contracts for his employer with the State Department and was rewarded with a six million dollar thank you present when he departed his employer.

 

No one other than James “Wassup Homey” Comey.

 

Amazing how all those no-bids just went right through at State, huh?

 

Now he is the FBI Director in charge of the “Clinton Email Investigation” after of course his FBI Investigates the Lois Lerner matter at the Internal Revenue Service and exonerates her.

 

Nope, couldn’t find any crimes there.

 

Can you guess what happened next?

 

In April 2016, James Comey drafts an exoneration letter of Hillary Rodham Clinton, meanwhile the DOJ is handing out immunity deals like candy.

 

They didn’t even convene a Grand Jury.

 

Like a lightning bolt of statistical impossibility, like a miracle from God himself, like the true “Gangsta” Homey is, James steps out into the cameras of an awaiting press conference on July the 8th of 2016, and exonerates the Hildabeast from any wrongdoing.

 

Can you see the pattern?

 

I could go on, Rosenstein becomes Asst. Attorney General, Comey gets fired based upon a letter by Rosenstein, Comey leaks government information to the press, Mueller is assigned to the Russian Investigation sham by Rosenstein to provide cover for decades of malfeasance within the FBI and DOJ and the story continues.

 

FISA Abuse, political espionage….. pick a crime, any crime, chances are…… this group and a few others did it.

 

All the same players.

 

All compromised and conflicted.

 

All working fervently to NOT go to jail themselves.

 

All connected in one way or another to the Clinton’s.

 

They are like battery acid, they corrode and corrupt everything they touch.

 

How many lives have these two destroyed?

 

It cannot be numbered.

 

Incest, it’s Incestuous

 

As of this writing, the Clinton Foundation, in its 20+ years of operation of being the largest International Charity Fraud in the history of mankind, has never been audited by the Internal Revenue Service.

 

Posted at 11:38 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

Our friend Dan Kurz out with his latest missive. He pretty much wraps it all up when he says “when, not if the asset bubbles are popped”.

DK Analytics, Post #37: Rising Political Risks, A Weakening Economy, & Assets Priced For Perfection
April 20, 2018

. . .

Rising political risks associated with the largely criminal enterprise known as the US government:

The endless Trump Russian election interference witch hunt (candidate Trump couldn’t address interference, only the prior administration could!) or, more accurately, “offshoots” thereof, could result in a declining capacity for Trump to function effectively as the nation’s chief executive.  It could also trigger a governmental paralysis and/or lead to presidential impeachment proceedings based on so-called “process crimes,” which amount to “technicalities” over substance.   Some highlights of this sad state of affairs, which threatens to further entrench our kleptocratic form of government — on both sides of the aisle — follow:

After over one year of relentless digging with a sizable task force of exclusively Democratic lawyers, zero evidence of Trump collusion with Russians has emerged, yet the witch hunt continues and widens and neither US Attorney General Sessions nor his deputy Rosenstein is willing to rein in Robert S. Mueller’s special counsel, which gets anything it wants in terms of manpower or budget to “look for a crime;” turns innocent until proven guilty on its head! It is as if his special counsel’s real mission is to undue the presidential election results.  (Maybe Rosenstein’s 4/19 statement that Trump isn’t a target of the Mueller probe marks a turning point?  Don’t hold …)

More…

Posted at 10:00 AM (CST) by & filed under Jim's Mailbox.

This is what happens when dealing in Monopoly money!

Dave

Deutsche Bank’s Bad News Just Gets Worse With $35 Billion Flub
April 19, 2018

. . .

In this instance, a routine payment went awry last month when Germany’s biggest lender unintentionally sent the sum to an exchange as part of its daily dealings in derivatives, a person familiar with the matter said. The mistake came to light after the bank pushed out three executives including Cryan and Chief Operating Officer Hammonds within two weeks. Both had focused on improving internal processes, though the incident didn’t contribute to the dismissal of either, two people with knowledge of the matter said.

The errant transfer occurred about a week before Easter as Deutsche Bank was conducting a daily collateral adjustment, the person said. The sum, which far exceeded the amount it was due to post, landed in an account at Deutsche Boerse AG’s Eurex clearinghouse, temporarily boosting the collateral held by the world’s fourth-largest clearinghouse by more than half.

“This was an operational error in the movement of collateral between Deutsche Bank’s principal accounts and Deutsche Bank’s Eurex account,” Charlie Olivier, a spokesman for Deutsche Bank, wrote in an emailed statement. “The error was identified within a matter of minutes, and then rectified. We have rigorously reviewed the reasons why this error occurred and taken steps to prevent its recurrence.”

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MSM has done its job, the dumbing down of America is complete. As sad as it is, it is what it is!

Dave

Poll Shows Americans Support the Invasion of Syria, Reveals What Americans Misunderstand About that War
April 19, 2018

. . .

The fact that this poll did not show close to 100% contempt by the American people regarding what the U.S. government and its two allies, UK and France, had just done, indicates not only that the American people are astoundingly ignorant that the U.S. and its allies are international outlaws and warmongers (which makes sense for a nation that invaded and destroyed Iraq 2003, Libya 2011 and has been trying to do it since 2011 in Syria), but that they are also astoundingly misinformed as to which side in this war is guilty, and which side is not. (Hint: It’s certainly not Assad, who is simply defending Syrian sovereignty over Syrian territory.) According to the standards that were set in place by the Nuremberg Tribunals following World War II, in which invasions for any other purpose than national self-defense are war-crimes, it’s not only the lie-based invasion and destruction of Iraq 2003, and the 2011 invasion and destruction of Libya, that constitute international war-crimes — there’s simply no power that’s enforcing international law: not policing, not prosecuting, not judging, and not legislating, at all, any such thing. The international outlaw regimes, U.S. and its allies, are simply international gangsters, and the American public overwhelmingly are bored about the whole thing, don’t really care whether they are the Nazis of today (and the U.S. government is even proud to be it, not only under Trump, but under Obama before him — all accepted, not resisted in any way, by the American public).

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Right now, the “collective West” is engaged in a truly titanic effort to preserve the Hegemony.

Dave

Each “Click” Brings Us One Step Closer To The “Bang!”
April 20, 2018

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I honestly don’t know who in the US should get the credit for doing the right thing, but that person(s) deserves our collective gratitude. Rumors say that Mattis was the man, others point to Dunford and some even to Trump himself (I doubt that). Again, I don’t know who did it, but this action deserves a standing ovation. The fact that this (predictably) dismal performance was then covered up with silly statements about a “perfect strike” and “all missiles hit their target” is standard operating procedure, a basic exercise in face-saving and an attempt to appease the always bloodthirsty Neocons. The most important lesson from this latest development is that there are still some people in key positions in the US who did what had to be done to avoid a catastrophic escalation in Syria. The question now is how long can these “sane forces” (for lack of a better identifier) continue to resist the “crazies”?

. . .

At this moment the situation is extremely fluid and there are too many potential variables which can determine the next developments in order to make a prediction better than a wild guess. The only thing which is certain that this confrontation between the AngloZionist Hegemony and Russia is far from over, both in Syria and elsewhere (the Ukraine).

Fundamentally, our entire planet has to make a choice between two mutually exclusive world orders.

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This is why JSMineset is so important if you want to be informed.

Dave

This Is The Problem: Out of Top 100 News Outlets, Not a Single One Questioned Syrian Attack
April 19, 2018

A disturbing trend has been ongoing within the mainstream media when it comes to reporting on United States foreign policy, and while some may argue that the media is typically critical of President Trump, 26 major editorials were published in response to his recent decision to launch airstrikes against Syria, and not a single one criticized the attack.

In fact, that sentiment was shared by the top 100 newspapers in the United States, according to an analysis conducted by Fair.org. Out of those papers, none of the editorials issued in response to an escalation of the war in Syria that could have sparked World War 3, condemned it. While 74 papers issued no response, the editorial teams from 20 papers showed overwhelming support, and six papers neither supported or condemned the attack.

“None of the top 100 newspapers questioned the US’s legal or moral right to bomb Syria, and all accepted US government claims to be neutral arbiters of ‘international law.’ Many editorials hand wrung about a ‘lack of strategy’ or absence of congressional approval, but none so much that they opposed the bombing. Strategy and legal sanction are add-on features—nice but, by all accounts, not essential. The total lack of editorial board dissent is consistent with major papers’ tradition of uniform acceptance of US military action.”

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CIGA Norma sees this as an opportunity and asks “what about discovery”? This one could truly blow up in their faces!

Bill

Democratic Party Sues Russia, Trump, Wikileaks For Conspiring To Hurt Hillary In 2016 Election
April 20, 2018

Not The Onion.

Did The Democrat’s “The Russians did it” narrative just jump the shark?

The Washingtoin Post reports that The Democratic National Committee filed a multimillion-dollar lawsuit Friday against the Russian government, the Trump campaign and the WikiLeaks organization alleging a far-reaching conspiracy to disrupt the 2016 campaign and tilt the election to Donald Trump.

DNC Chairman Tom Perez said in a statement…

“During the 2016 presidential campaign, Russia launched an all-out assault on our democracy, and it found a willing and active partner in Donald Trump’s campaign,”

“This constituted an act of unprecedented treachery: the campaign of a nominee for President of the United States in league with a hostile foreign power to bolster its own chance to win the presidency,”

The case asserts that the Russian hacking campaign – combined with Trump associates’ contacts with Russia and the campaign’s public cheerleading of the hacks – amounted to an illegal conspiracy to interfere in the election that caused serious damage to the Democratic Party.

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No criminal charges? A consent order. Whisky Tango Foxtrot!

Dave

Wells Fargo Enters into Consent Orders with OCC and CFPB
April 20, 2018

SAN FRANCISCO–(BUSINESS WIRE)–

Wells Fargo & Company (WFC) announced today it has entered into consent orders with the Office of the Comptroller of the Currency (OCC) and Consumer Financial Protection Bureau (CFPB) that address matters pertaining to the company’s compliance risk management program and issues regarding certain interest rate-lock extensions on home mortgages and collateral protection insurance (CPI) placed on certain auto loans. The company has previously disclosed publicly the issues regarding interest rate-lock extensions and CPI.

“For more than a year and a half, we have made progress on strengthening operational processes, internal controls, compliance and oversight, and delivering on our promise to review all of our practices and make things right for our customers,” said Timothy J. Sloan, president and chief executive officer of Wells Fargo. “While we have more work to do, these orders affirm that we share the same priorities with our regulators and that we are committed to working with them as we deliver our commitments with focus, accountability, and transparency. Our customers deserve only the best from Wells Fargo, and we are committed to delivering that.”

The orders, which are available in their entirety at the respective web sites for the OCC and CFPB, require the company to pay $1 billion in total civil money penalties. As a result, the company will adjust its first quarter 2018 preliminary financial results by an additional accrual of $800 million, which is not tax deductible. The accrual reduces reported first quarter 2018 net income by $800 million, or $0.16 cents per diluted common share, to $4.7 billion, or 96 cents per diluted common share.

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Posted at 9:40 AM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

 

The strategy is to keep this up for 3 or 7 more years.

 

 

 

 

 

 

 

 

 

 

 

Jim Sinclair’s Commentary

The application of “common sense”.

Bill Holter’s Commentary

…Are these asteroids “inside” the Van Allen belt and moving slow enough to mine? Sounds a little like the millions of tons of “secret gold” in the Grand Canyon! The only thing necessary for the world’s first trillionaire is merely one more zero, in a fiat society…zeroes are pretty much free!

The World’s First Trillionaire Will Be A Space Miner
April 19, 2019

Authored by Michael Kern via SafeHaven.com,

Famous astrophysicist Neil deGrasse Tyson and Goldman Sachs share a common belief: The next trillion-dollar industry will be in the mining sector – in outer space.

As Neil deGrasse Tyson puts it:

“The first trillionaire there will ever be is the person who exploits the natural resources on asteroids. There’s this vast universe of limitless energy and limitless resources. I look at wars fought over access to resources. That could be a thing of the past, once space becomes our backyard.”

While the renowned astrophysicist sees the potential for peace, Goldman Sachs sees the radical arrival of a trillion-dollar mining industry in the 21st Century.

It may sound like a long-term gamble, but Goldman has been eyeing improvements in technology and the trends toward lowers costs for manufacturing spacecraft.

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