Posted at 2:43 PM (CST) by & filed under In The News.

GOP Will Hit FBI, DOJ With ‘Full Arsenal Of Constitutional Weapons’ If They Don’t Comply With Subpoena, Gowdy Warns
June 17, 2018

House Oversight Committee Chairman Trey Gowdy told “Fox News Sunday” that House Speaker Paul Ryan led a meeting Friday night with senior members of the DOJ and FBI, and made it clear that “there’s going to be action on the floor of the House this week if FBI and DOJ do not comply with our subpoena request.”

The House Judiciary Committee has requested more than a million documents from the FBI and DOJ relating to the Hillary Clinton email probe, the firing of former top FBI official Andrew McCabe, and reported surveillance of a Trump aide during the 2016 presidential election.

But Republicans have accused the DOJ and FBI of stonewalling and intentionally impeding their investigation, despite the agencies’ claims that fulfilling the request requires a careful review of the sensitive documents.

Gowdy, R-S.C., said the GOP’s action could involve “the full panoply of constitutional weapons available to the people’s house.”

More…

 

Posted at 7:13 AM (CST) by & filed under In The News.

Judge Orders Paul Manafort Detained Amid Witness Tampering Allegations
June 15, 2018

Updated at 12:31 p.m. ET

A federal judge ordered Donald Trump’s former campaign chairman, Paul Manafort, to jail on Friday following allegations by prosecutors that he tampered with witnesses in his case.

“You’ve abused the trust placed in you six months ago,” said Judge Amy Berman Jackson. “I thought about this long and hard, Mr. Manafort. I have no appetite for this.”

But Berman Jackson said she could not turn a blind eye to the charges that Manafort had attempted to contact witnesses in his case after he was on bail.

The judge said Manafort had not committed physical violence but rather had harmed the community.

“The harm in this case is the harm to the administration of justice, the harm to the integrity of the justice system,” Berman Jackson said.

Manafort was led out of the courtroom by security officers; he was not handcuffed. As he approached the courtroom door, he waved to his wife, Kathleen, who nodded to him. Friends hugged Kathleen Manafort as her husband was taken out of court.

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Posted at 7:09 AM (CST) by & filed under Jim's Mailbox.

 

File under did you know?

Dave

Among The Costs Of War: Billions A Year In A.C.?
June 25, 2011

The amount the U.S. military spends annually on air conditioning in Iraq and Afghanistan: $20.2 billion, according to a former Pentagon official.

That’s more than NASA’s budget. It’s more than BP has paid so far for damage from the Gulf oil spill. It’s what the G-8 has pledged to help foster new democracies in Egypt and Tunisia.

“When you consider the cost to deliver the fuel to some of the most isolated places in the world — escorting, command and control, medevac support — when you throw all that infrastructure in, we’re talking over $20 billion,” Steven Anderson tells weekends on All Things Considered guest host Rachel Martin. He’s a retired brigadier general who served as chief logistician for Gen. David Petraeus in Iraq. He’s now in the private sector, selling technologies branded as energy-efficient to the Defense Department.

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Jim/Bill,

Wow!  We’re on our way.

One small step for Texas, one giant leap for mankind.

Remember the Alamo will be replaced by Remember the Fed.

Thanks Texas.

CIGA Wolfgang Rech

The Texas Bullion Depository Officially Opened For Business This Week
June 5, 2018

Authored by Mike Maharrey via The 10th Amendment Center,

The Texas Bullion Depository officially opened for business this week. The creation of the facility represents a power-shift away from the federal government, and sets the foundation to undermine the Federal Reserve’s monopoly on money.

 

 

 

 

 

In June 2015, Gov. Greg Abbot signed legislation creating the state gold bullion and precious metal depository. The facility will not only provide a secure place for individuals, business, cities, counties, government agencies and even other countries to store gold and other precious metals, the law also creates a mechanism to facilitate the everyday use of gold and silver in transactions. In short, a person will eventually be able to deposit gold or silver – and pay other people through electronic means or checks – in sound money.

The facility began accepting deposits of precious metals on Wednesday, June 6. Texas Comptroller Glenn Hegar became the first depositor. He praised the depository as a secure place to store gold and silver.

“Once you’ve made that deposit, it is going to be there tomorrow and in the future, until you make a decision to withdraw it or you want to sell it,” he told the Texas Tribune.

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Trump’s Achilles Heel could just turn out to be the make believe economic boom. This would be quite a surprise to the new Fed Chairman. With Europe in tatters, the entire Potemkin world might just begin its unwind.

GG

“The Global Bond Curve Just Inverted”: Why JPM Thinks A Market Crash May Be Imminent
June 16, 2018

At the beginning of April, JPMorgan’s Nikolaos Panigirtzoglou pointed out something unexpected: in a time when everyone was stressing out over the upcoming inversion in the Treasury yield curve, the JPM analyst showed that the forward curve for the 1-month US OIS rate, a proxy for the Fed policy rate, had already inverted after the two-year forward point. In other words, while cash instruments had yet to officially invert, the market had already priced this move in.

One way of visualizing this inversion was by charting the front end between the 2-year and 3-year forward points of the 1-month OIS. Here, as JPM showed two months ago, a curve inversion had arisen for the first time during the first week of January, but it only lasted for two days at the time and the curve re-steepened significantly in the beginning of April.

 

 

 

 

 

 

 

 

 

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Was it that fellow Holter who a few years ago called this exact period the “Time of the Truth Bombs?”

This could easily make scared but good people in DOJ and FBI come forward with the efforts to execute The Trump Bloodless Coup in the USA,. I think that used to be called “high treason.”

GG

“We Had Whistleblowers”: Nunes Reveals “Good FBI Agents” Tipped Off Congress About Comey Team
June 16, 2018

“Good FBI agents brought this to our attention.”

House Intelligence Committee Chairman Devin Nunes (R-CA) revealed that in late September 2016, “Good FBI agents” stepped forward as whistleblowers to tell them about additional Hillary Clinton emails “sitting” on Anthony Weiner’s laptop.

“I’ve never actually said this before,” said Nunes. “We had whistleblowers that came to us in late September of 2016 who talked to us about this laptop sitting up in New York that had additional emails on it.”

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Looks like the closet may be open for good people to spill the beans all over Heir Mueller. In time, the manipulation in all markets and crooked nerd trading machines will find the light of day right on them.

Jim

If she lives, she’ll testify.

JB

Former Obama Admin Official Linked To Anti-Trump Dossier To Testify Before Congress
June 15, 2018

Former State Department official Victoria Nuland, who reportedly connected FBI officials to the former British spy who wrote the infamous anti-Trump dossier, will testify before the Senate Intelligence Committee next week.

Ms. Nuland, a longtime State Department official who served in the George W. Bush administration as the U.S. Ambassador to NATO, served during the Obama administration as assistant secretary of state for European and Eurasian Affairs.

In that capacity, according to the book “Russian Roulette,” she played an instrumental role in the evolution of Christopher Steele’s negative campaign research on then-presidential candidate Donald Trump in 2016 by giving permission for an FBI agent in London to meet with the former U.K. intelligence officer.

“Russian Roulette” was published earlier this year and written by veteran Washington media figures, Yahoo News reporter Michael Isikoff and Mother Jones magazine’s David Corn.

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Posted at 10:29 AM (CST) by & filed under Jim's Mailbox.

Jim/Bill,

This article has been haunting me the past few hours.

“At a meeting Thursday, the Fed governors adopted a new rule that caps a big bank’s credit exposure to another bank.”

They (the FED) didn’t just pull this out of their hat.   Something on the banks’ balance sheets, as well as their lust for leverage, is prompting them to head off a financial catastrophe, which they obviously feel is no longer a remote possibility.

There’s been so much talk over the past few years of excess debt, excess leverage, reaching for yield, etc. that we’ve all become immune to any talk of repercussions.

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If only we had a “financial” flu shot.

CIGA Wolfgang Rech

Fed Sets Limits On Biggest Banks’ Loans To Each Other
June 14, 2018

WASHINGTON (AP) — The Federal Reserve has set limits aimed at addressing one of the leading causes of the 2008 financial crisis — the buildup of loans extended by one bank to another among the biggest Wall Street institutions.

At a meeting Thursday, the Fed governors adopted a new rule that caps a big bank’s credit exposure to another bank. The rule is close to a proposal the central bank floated two years ago, but it makes revisions for the credit limits to be tailored to the size of the bank. That’s in line with the Fed’s current approach to regulation under new leaders appointed by President Donald Trump.

The aim of the rule, applied to banks with assets of $250 billion or more, is to help bolster the stability of the financial system. The hope is to prevent a repeat of the crisis that engulfed the financial system in September 2008 when the collapse of Wall Street powerhouse Lehman Brothers raised fears over the stability of banks that had made loans to Lehman.

The Fed oversees Wall Street titans such as JPMorgan Chase & Co., Goldman Sachs & Co., Bank of America Corp. and Citigroup Inc. The banks are considered to be so huge and interconnected that each could threaten the financial system if it collapsed.

“The financial crisis showed that interconnections between our largest and most complex institutions — for example, lending and borrowing between such firms — can threaten the stability of the financial system,” Fed Chairman Jerome Powell said before the vote. He said the new rule “will limit these exposures and their associated risks.”

The affected banks will have between 18 and 24 months to comply with the new limits and to start reporting their loan exposures to the regulators.

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Posted at 10:54 AM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

I feel like Diogenes looking for an honest man in Government, the FBI or DOJ.

Seen any lately?

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James Comey Faces Justice In A Few Hours (He’s Very Nervous!)
June 14, 2018

It’s something the American people have been demanding for months — and Thursday it will finally be revealed.

The Justice Department’s internal watchdog is expected to slam the FBI’s handling of the Hillary Clinton email investigation, stepping into a political minefield while examining how a determinedly nonpartisan law enforcement agency got itself entangled in the 2016 presidential race.

The inspector general’s report is set for release Thursday afternoon. It’s likely to be painstakingly detailed, the culmination of an 18-month review into one of the most consequential FBI investigations in recent history.

President Donald Trump will look to the inspector general report to provide a fresh line of attack against two former top FBI officials, former Director James Comey and his deputy, Andrew McCabe, after a politically tainted bureau tried to undermine his campaign and, through the Russia investigation, his presidency. Trump will almost certainly use the report to validate his firing of Comey last year.

More…

Bill Holter’s Commentary

Some very serious food for thought from Hugo Salinas Price.

Multi-Billionaire Hugo Salinas Price – Trump May Shock The World By Putting U.S. Back On Gold Standard
June 14, 2018

With the dollar surging hand-in-hand with the price of gold, today Multi-billionaire Hugo Salinas Price warned that U.S. President, Donald Trump, may be moving the United States back to the gold standard.

Trump Moving US Back To Gold Standard?

June 14 (King World News) – Multi-billionaire Hugo Salinas Price: Way back in 1995, when Mexico was in the throes of another financial crisis, I figured out the problem of the existing world’s monetary system, based on the paper dollar as the fundamental currency of the world…

In my ignorance, I did not know that a man named Triffin had already pointed out that problem, which became known as “Triffin’s Dilemma”.

The problem is really very simple:

If the dollar – such as it is – is going to be the basis of the world’s monetary system, and therefore required by all Central Banks as Reserves, there is only one way that these CBs can obtain those Reserves: their countries are forced to undersell all US producers, in order to be able to sell more to the US, than they buy from the US. The difference between the dollars they get from sales, is more, than the dollars they spend to buy from the US. That difference – known as the US Trade Deficit – flows to the CBs of the world and swells their Reserves.

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Posted at 8:00 AM (CST) by & filed under Jim's Mailbox.

Courtesy of JB.

Jim

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J. Johnson’s latest, courtesy of JB.

Jim

The Time For Surprises Is Upon Us
June 14, 2018

Good Morning America!

We start our “day after” the FOMC data release with Gold trading higher with its current price at $1,311.40, $10.10 higher than the close in between an early morning high of $1,313 and a low of $1,301.00 sometime before 6am pst. Silver is up as well with the current price at $17.27, up 27.4 cents with a high at $17.350 and a low of $16.965 as we see a positive push in value on a day normally used to suppress precious metal prices. Since rates were raised again, the support for the dollar increases with the current price at 93.90, 20.1 points higher and, as usual, close to the high of 93.970 so far today.

Silver’s Open Interest in the delivery cycle now stands at 8 contracts. This is an increase of 5 contracts from yesterday’s quote but today, we have a volume of 18 in the delivery month so far which means, there is more movement going on. Silver’s over all OI dropped a little bit more with the total now at 228,884 a loss of some 1,473 contracts held overnight. The pressure is building as we now focus on the Triple Witch Week phenomena in which roll overs and banker inventory’s are all tallied as we drop out of June currency contracts and roll into Septembers. Another key note is the July Silver Options expiration date is June 26th. Normally, the precious metals take a beating during this time period and since there is nothing to resemble the “old norm”, imo, anything can happen in the new “not so norm”. Harvey Organ and Sprotts – Craig Hemke reports have been stellar honing in on the EFP’s and has been very helpful to all those willing to dig to understand what is not being reported by the investment gurus of lame stream media. Imo, the time for surprises is upon us, and these deep rooted forensic accounting audits will be used in almost all cases regarding the frauds in banking and the international thefts of the nations wealth, in the very near future.

The Crypto market may have “stopped the drop” as we see the top 10 all showing green across the board with Btc (#1) trading at $6,499, up $41, Ethereum’s (#2) trade now resides at $486.68, up $6.93, and Litecoin’s (#6) last trade is at $97.48, up $1.49

We are now seeing central bank responses popping up everywhere after our FOMC data was released as the ECB is now claiming to stop QE-ing (freely printing digits to stay in their failing trades) along with Japan using the words “Taper – Cuts Bond-Buying” (the meanings are exactly the same). Of course these bankers will say anything but the truth as we wait to see what is happening to Deutsche Bank and the court cases on precious metals manipulations as well as the unsettled movements in Italy. The most recent stories seem to focus only on unwanted migrants flooding in, but the arguments are all about Italy’s uncollectable debt and the vote of the people vs. their European Union Representatives who can care less about the population or what they want (for now).

This side of the world has intrigue as well with the IG report due out today on the presidents birthday which will give us about 500 pages to read on the criminals (hired to protect us from?) activity inside our government. Apparently, good ol’ Mueller Appears to Have Screwed Up by ‘Accidentally’ Exposing Names in the Manafort Case. In my line of thinking, “accidentally” really means “intentionally” to a supposed professional government employee who has been doing his job for how long now?

The world is changing at an accelerated pace but not as fast as our presidents speed. One has to wonder about the most recent events like the N.Korean denuking deal which was started back in April with no insider news leaks present. Does this mean the Trump White House plumbing repair job was successful in stopping all leaks? How about the latest FOMC meeting? Did the other central banks know or was their response a reaction? Answers will come later, but for now, HODLING precious metals seems to be the most sane thing to do. So stay close to your metals, and as always…Stay Strong!

J. Johnson

 

Jim/Bill,

Walking through headlines today is like walking through a minefield in Afghanistan.

Americans On Unemployment Benefits Drop To 45 Year Low

Yes, a 45 year low may well be true.  But why?

If all those unemployed run out of benefits, then they drop off the rolls but are still unemployed.

Just no accounted for.

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It’s been reiterated many times that 102 million Americans are now no longer in the workforce.

In other words, if you are not gainfully employed, or collecting benefits, you no longer exist.

CIGA Wolfgang Rech

Americans On Unemployment Benefits Drop To 45 Year Low
June 14, 2018

For the first time since November 1973, there are less than 1.7 million Americans claiming jobless benefits…

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And while ‘everyone’ will proclaim this an Obama victory, we note that the pace of the collapse in unemployment rolls has accelerated dramatically as Trump’s reign has continued…

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No big hamburger, and what does it matter now?

Courtesy of JB.

Jim

Court Sets Hearing on Motion to Compel Email Testimony from Hillary Clinton
June 13, 2018

Hearing in Judicial Watch Lawsuit Set for October 11

(Washington, DC) – Judicial Watch announced a federal court ordered a hearing for Thursday, October 11, 2018, on a motion to compel testimony about the email practices of former Secretary of State Hillary Clinton. The order was issued by U.S. District Court Judge Emmet G. Sullivan.

The development comes in a Judicial Watch Freedom of Information Act (FOIA) lawsuit about the controversial employment status of Huma Abedin, former Deputy Chief of Staff to Clinton. The lawsuit, which seeks records regarding the authorization for Abedin to engage in outside employment while employed by the Department of State, was reopened because of revelations about the clintonemail.com system (Judicial Watch v. U.S. Department of State (No. 1:13-cv-01363)).

In 2016, Hillary Clinton was required to submit, under oath, written answers to Judicial Watch’s questions. Clinton objected to and refused to answer questions about the creation of her email system; her decision to use the system despite warnings from State Department cybersecurity officials; and the basis for her claim that the State Department had “90-95%” of her emails. Judge Sullivan is considering Judicial Watch’s motion to compel answers to these questions.

In her responses sent to Judicial Watch and the court on October 13, 2016, Clinton refused to answer three questions and responded that she “does not recall” 20 times concerning her non-government clintonemail.com email system. She preceded her responses by eight “general objections” and two “objections to definitions.” The words “object” or “objection” appear 84 times throughout the 23-page document submitted to the court and Judicial Watch.

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Courtesy of JB.

Jim

Do FBI emails ruin official Clinton timeline?
June 13, 2018

 

Jim/Bill,

All coming to head.

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Trade wars, old fashioned military wars, all markets at historical highs, gold repatriation, EU breakdown, China’s recessionary collapse, etc.

It’s beginning to make sense now.

CIGA Wolfgang Rech

Global Earnings Recession All But Certain As World Trade Weakens
June 14, 2018

Authored by Adem Tumerkan via Palisade-Research.com,

Markets have rallied into summer. The mess in Italy – which hasn’t resolved itself at all – is yesterday’s news.

Within the last two weeks, the VIX is down 35% – investors’ fears are essentially gone.

If you turn on CNBC, you’ll see that the U.S. ‘goldilocks’ economy’s intact, and big names like Larry Kudlow – Trump’s Top Economic Advisor – stating that the U.S. could hit 5% growth.

But, if you take the contrarian approach and do some digging yourself, you’ll see things are deeply troubling – especially with global earnings. . .

Last month, I wrote about the alarming signal coming from the little-used-but-highly-accurate South Korean Export Growth (SKEG) Indicator. It’s telling us that there’s a global earnings recession right around the corner.

Over the last 25 years – the SKEG has preceded each boom and each bust in global earnings. That’s because it’s a leading-indicator – meaning it’s a measurable economic element that changes before the economy starts to follow the trend.

The SKEG is a valuable tool for us to gauge where global earnings are headed.

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Courtesy of Dave.

Bitcoin’s Skyrocketing Growth Was ‘Fraud And Manipulation’ – Report
June 13, 2018

The record growth in bitcoin last year was actually a coordinated market manipulation, according to recent research by University of Texas Finance Professor John Griffin.

Griffin, who has 10 years of experience in detecting financial fraud, examined millions of transactions on cryptocurrency exchange Bitfinex. In his paper, Griffin says that the US dollar-pegged cryptocurrency tether was used to buy bitcoin at the times that the latter was falling, which helped “stabilize and manipulate” the cryptocurrency’s price.

“Fraud and manipulation often leave footprints in the data and it’s nice to have the blockchain to track things,” Griffin told CNBC. Whenever bitcoin fell, tether was used to buy it to prop up the price of the leading crypto.

“It was creating price support for bitcoin and, over the period that we examined, had huge price effects,” Griffin said. “Our research would indicate that there are sophisticated people harnessing investor interest for their benefit.”

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CIGA Werner sends us clear evidence of “excess”.

Bill

Excesses At The Top
June 5th, 2018

Excesses are signs of economic tops.  They readily appear in stocks, real estate, and art.  If inflation is running amuck, gold and silver can see excesses.  Right now, though, we can be certain that there are no excesses in the metals.

Stocks are just off their all-time highs, and stock perma-bulls are confident that continuing to “buy the dips” is the right strategy.  Yet stocks have not topped their January highs and the moving averages (MAs) are starting to converge.

If the 50-day MA drops through the 200-day MA, that is the “death cross,” which often has signaled the end of stock bull markets.  In March, the spread between the 50-day MA and the 200-day MA on the Dow Jones Industrials exceeded 1,750 points.  Now, the spread has narrowed to less than 400 points.  The death cross usually sets off selling by investors who follow technical indicators.

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This is not sustainable! Hence why gold (and especially silver) is breaking out!

GG

COMEX EFP Use Continues To Surge – Craig Hemke- (12/06/2018)
June 12, 2018

Back in April, we first reported upon the surge in the use of “Exchanges For Physical” on the COMEX. We thought we should provide an update today.

As a refresher, here’s a link to the first report from eight weeks ago:

Recently, it was reported that Chris Powell of the Gold Anti-Trust Action Committee (GATA) had requested action and an investigation into this process from the U.S. Comptroller of the Currency, Joseph Otting. Below is a link to Chris’ letter, but note that Chris reports he has yet to receive any acknowledgment from the Comptroller’s office. This, despite the fact that the letter was dated five weeks ago!

So, again, why is this important to gold investors? Simply put, the increasing use of EFPs on the COMEX is very likely a sign of physical demand stress within the digital derivative pricing scheme. Why? Consider the sheer size of the EFP activity.

At Eric Sprott’s urging, on November 24, 2017, we first began to monitor the increasing daily totals of Exchanges For Physical. As noted in our previous post, the best explanation of this process can be found in this link from 2009 with the key excerpt posted below:

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That is why these the citizens of these countries should buy gold and silver! It’s the only way to preserve their power!

GG

“I Would Recommend You Panic” – Peso Pounded, Lira Lashed, & Rand Routed As EM Crashes
June 14, 2018

The big headline maker of the day so far is not stocks but the FX markets as the dollar index exploded to 8-month highs (second biggest daily gain of the year) after a dovish Draghi sent EURUSD tumbling…

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This is actually the highest close for the dollar since July 2017…

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And despite numerous interventions, promises of intervention, and threats – Emerging Market FX was a bloodbath…

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Posted at 11:31 AM (CST) by & filed under Jim's Mailbox.

The mess we are in is coming to a head!

JB

Judicial Watch Experts Tom Fitton and Chris Farrell Available to Discuss IG Report on DOJ/FBI
June 12, 2018

(Washington, DC) – Judicial Watch announced today that its key spokespeople, Judicial Watch President Tom Fitton and Director of Investigations and Research Chris Farrell, will be available to discuss the long-anticipated report from the Department of Justice Inspector General regarding the investigation of Hillary Clinton’s mishandling of classified information through her unsecure, non-state.gov email system.

In a letter to Senate Judiciary Committee Chairman Chuck Grassley (R-Iowa), DOJ Inspector General Michael Horowitz said that he planned to release a report on Thursday, June 14.

The report is expected to address many issues concerning the FBI under former Directors James Comey and Andrew McCabe, as well as the Justice Department under former Attorney General Loretta Lynch.

Judicial Watch’s investigations and lawsuits are the proximate cause for uncovering Clinton’s illicit email system and have been at the forefront of the search for information on the actions of Comey, McCabe and Lynch. For example:

Judicial Watch Uncovers Hidden Strzok Emails in Latest Production of Clinton-Lynch Tarmac Meeting Docs—Strzok Email Suggests Clinton Investigation Decision Made in April 2016

Judicial Watch Fights State Department for Full Accounting of Clinton-Related Emails on Anthony Weiner’s Laptop

Judicial Watch: FBI to Ask Strzok and Page to Preserve Records

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Jim/Bill,

Nothing profound.

Just a bit of reality with a touch of common sense. Traits sorely lacking amongst today’s investors.

I’ve always tried to impress upon my constituents to never, ever, lose sight of this fact. Debt begets more debt.

CIGA Wolfgang Rech

US Budget Deficit Hits $530 Billion In 8 Months, As Spending On Interest Explodes
June 12, 2018

The US is starting to admit that it has a spending problem.

According to the latest Monthly Treasury Statement, in May, the US collected $217BN in receipts – consisting of $93BN in individual income tax, $103BN in social security and payroll tax, $3BN in corporate tax and $18BN in other taxes and duties- a drop of 9.7% from the $240.4BN collected last March and a clear reversal from the recent increasing trend…

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Courtesy of Dave.

Jim

Are YOU Brainwashed?
June 11, 2018

By Uri Avnery

“Information Clearing House” – IT’S FRIGHTENING. Unprincipled psychologists, in the service of a malignant regime, use sophisticated techniques in order to control the mind of a person from afar.

The term “brainwashing” was born in 1950. It is a Chinese word (“xinao”, literally wash brain). Originally it served to describe a technique used – so it was claimed – by Chinese masterminds to manipulate the minds of American prisoners in the Korean War. They changed their unconscious mental processes and turned them into agents of sinister forces.

Many books and movies purported to show how this works. For example, the classic film “The Manchurian Candidate” shows how the communists take an American prisoner-of-war in the Korean war, an officer, manipulate his mind and give him an order to kill the US presidential candidate. The American officer does not know that he has been turned unconsciously into a communist agent. He does not remember the order given him under hypnosis and does not know that he acts accordingly.

THIS PLOT is ridiculous, like most of the pseudo-scientific descriptions. In practice, it is much easier to manipulate the minds of people, individuals and collectives.

For example, the Nazi “propaganda”. It was invented by Adolf Hitler himself. In his book, “Mein Kampf”, he describes how, as a soldier on the Western front in WWI, he witnessed the extremely successful British propaganda. The British dropped leaflets over the German trenches and shattered the soldiers’ confidence in their leadership.

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Jim and Bill have said this all along, it is MOPE!

Dave

The Real Economic Numbers: 21.5 Percent Unemployment, 10 Percent Inflation And Negative Economic Growth
June 13, 2018

Every time the mainstream media touts some “wonderful new economic numbers” I just want to cringe. Yes, it is true that the economic numbers have gotten slightly better since Donald Trump entered the White House, but the rosy economic picture that the mainstream media is constantly painting for all of us is completely absurd. As you are about to see, if honest numbers were being used all of our major economic numbers would be absolutely terrible. Of course we can hope for a major economic turnaround for America under Donald Trump, but we certainly are not there yet. Economist John Williams of shadowstats.com has been tracking what our key economic numbers would look like if honest numbers were being used for many years, and he has gained a sterling reputation for being accurate. And according to him, it looks like the U.S. economy has been in a recession and/or depression for a very long time.

Let’s start by talking about unemployment. We are being told that the unemployment rate in the United States is currently “3.8 percent”, which would be the lowest that it has been “in nearly 50 years”.

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Courtesy of Dave.

Jim

WaPo and SEC Commissioner Wake Up to Looming Crisis from Stock Buybacks
June 12, 2018

. . .

“Last year, public companies spent more than $800 billion buying back their own shares and, thanks to all the cash freed up by the recent tax bill, Goldman Sachs estimates that share buybacks will surge to $1.2 trillion this year. That comes at a time when share prices are at an all-time high — so companies are buying at the top — and when a growing global economy offers the best opportunity to expand into new products and new markets. This is nothing short of corporate malpractice…

“The most significant and troubling aspect of this buyback boom, however, is that despite record corporate profits and cash flow, at least a third of the shares are being repurchased with borrowed money, bringing the corporate debt to an all-time high, not only in an absolute sense but also in relation to profits, assets and the overall size of the economy…

“A decade ago, in 2008, there was $2.8 trillion in outstanding bonds from U.S. corporations. Today, it’s $5.3 trillion, after the record $1.7 trillion of new bonds issued last year, according to Dealogic, and $500 billion more issued this year.”

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Jim/Bill,

Could there be a problem with counterparty risk?

Think so?

CIGA Wolfgang Rech

SHAREHOLDER ALERT – Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action Against Deutsche Bank Aktiengesellschaft (DB) & Lead Plaintiff Deadline – August 6, 2018

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ACCESSWIRE June 13, 2018

INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Deutsche Bank Aktiengesellschaft and Encourages Investors with Losses in Excess of $500,000 to Contact the Firm

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ACCESSWIRE •June 12, 2018

DB SHAREHOLDER ALERT: The Law Offices of Vincent Wong Notifies Investors of an Investigation Involving Possible Securities Fraud Violations by the Board of Directors of Deutsche Bank Aktiengesellschaft

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Business Wire •June 12, 2018

INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Investors of an Investigation Involving Possible Securities Fraud Violations by the Board of Directors of Deutsche Bank Aktiengesellschaft

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Business Wire •June 11, 2018

SHAREHOLDER ALERT: Brower Piven Notifies Investors of Class Action Lawsuit And Encourages Those Who Have Losses In Excess Of $100,000 From Investment In Deutsche Bank Aktiengesellschaft (NYSE: DB) To Contact Brower Piven Before The Lead Plaintiff Deadline

GlobeNewswire•June 11, 2018

Glancy Prongay & Murray LLP Continues Investigation on Behalf of Deutsche Bank Aktiengesellschaft Investors (DB)

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Business Wire •June 08, 2018

DEUTSCHE BANK INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 Investing In Deutsche Bank AG To Contact The Firm

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PR Newswire •June 08, 2018

EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Deutsche Bank Aktiengesellschaft – DB

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Business Wire June 08, 2018

Pomerantz Law Firm Announces the Filing of a Class Action against Deutsche Bank Aktiengesellschaft and Certain Officers – DB

GlobeNewswire•June 07, 2018

Jim/Bill,

ETP is an exchange of paper gold for physical gold between exchanges like the Comex and LME.

The Comex cannot deliver, so it leans on the LME.

But the rest of the exchanges are encountering major difficulty also.

Somebody is draining them! China?

CIGA Wolfgang Rech

COMEX EFP Use Continues To Surge
June 13, 2018

Written by Craig Hemke, Sprott Money News

Back in April, we first reported upon the surge in the use of “Exchanges For Physical” on the COMEX. We thought we should provide an update today.

As a refresher, here’s a link to the first report from eight weeks ago:

Recently, it was reported that Chris Powell of the Gold Anti-Trust Action Committee (GATA) had requested action and an investigation into this process from the U.S. Comptroller of the Currency, Joseph Otting. Below is a link to Chris’ letter, but note that Chris reports he has yet to receive any acknowledgment from the Comptroller’s office. This, despite the fact that the letter was dated five weeks ago!

So, again, why is this important to gold investors? Simply put, the increasing use of EFPs on the COMEX is very likely a sign of physical demand stress within the digital derivative pricing scheme. Why? Consider the sheer size of the EFP activity.

At Eric Sprott’s urging, on November 24, 2017, we first began to monitor the increasing daily totals of Exchanges For Physical. As noted in our previous post, the best explanation of this process can be found in this link from 2009 with the key excerpt posted below:

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More…

A Q photograph now has the internet abuzz.

JB

“It Looks Like An Ascending Missile,” Unidentified Object Photographed Over Washington State, Navy Denies
June 13, 2018

It’s time to get out that tinfoil hat.

Greg Johnson of Skunk Bay Weather, a local weather website that runs camera enabled weather stations on the northern Kitsap Peninsula; Kitsap County, Washington, recorded a mysterious object early Sunday morning that has social media buzzing.

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One of Johnson’s weather stations has a camera monitoring the Puget Sound at Whidbey Island from Skunk Bay, and at 3:56 a.m. Sunday by a high-resolution, 20-second exposure camera, snapped what looks like the impossible — a missile blasting off from what seems to be the Naval Air Station Whidbey Island.

More…