In The News Today

Posted at 5:43 PM (CST) by & filed under In The News.

"…There is no nation on earth powerful enough to accomplish our overthrow. … Our destruction, should it come at all, will be from another quarter. From the inattention of the people to the concerns of their government, from their carelessness and negligence, I must confess that I do apprehend some danger. I fear that they may place too implicit a confidence in their public servants, and fail properly to scrutinize their conduct; that in this way they may be made the dupes of designing men, and become the instruments of their own undoing."
–Daniel Webster, June 1, 1837


My Dear Friends,

Truth be told, the major theme of JSMineset has been one of self reliance in a monetary, physical and Emersonian sense. Our focus has been on your assets, your debt positions, legal matters and investment.

I have, with my dear friends here at JSMineset, tried to share what we know with you. We also pride ourselves in that we not only talk the talk, but also walk the walk.

Has Trader Dan not moved from Houston to an undisclosed location in Idaho? I am writing to you from a farm in North Western Connecticut, a rural part of the state. We provide our own water, can provide our own power, have a radio system fallback for communication, satellite phones, furnaces that burn coal or oil, an indoor pistol range that can take up to .50 calibre cartridges into a Detroit bullet trap, perimeter lighting, 16 camera day and night camera security and much more.

We have focused on conservative financial structures which were in truth taking you into the position of being your own central bank.

I have received from many people on my 70th birthday greetings plus small letters telling me how they have benefited from this link. Let me mention but two. A lady in the minerals industry lost her job and is the mother of two children and only bread winner in the house. She had very little money, but saved up a nest egg. She admits she did speculate but used the Angels. She now has $2,000,000 and has finished her period of speculation.

Chris from Canada told me that his portfolio, now mostly fully paid gold and silver, is worth $5,000,000. It was nowhere near that when he started.

Every effort here was to make you your own central bank which resulted in financial self reliance for many.

There is one more step that you really need to consider. The housing market is in a black hole from which it very well might not recover for generations. Land is cheap. When homes or small farms have been foreclosed on, resulting in bank owned property, they are sold in a fire sale to buyers with cash in hand.

Do as I have done. Do as Trader Dan has done.

The pictures below are on my maple syrup operations and my build it yourself greenhouse. The vegetables for my garden are already sprouting. I have fruit trees and am adding mature nut trees.

I strongly suggest that if you have benefitted from JSMineset, as many of you have, consider buying yourself a hobby farm and seriously go for the exercise of self reliance. I am certain that if even to cut costs you are going to need it.

The financial system is screwed up beyond any repair. On top of that there is no desire to repair anything because the wise guys know it is impossible. It is the world that the flushing of Lehman Bros. has created. It is not a brave new world. It is more like an audition for a world of Mad Max and the Day After.

It does not matter whether or not there is more QE. The damage is done and there is no solution.

Earth shaking events are taking place in the Middle East that the media would have you believe is a spontaneous outburst of democracy. Like hell it is. It is a move from some sort of rule, like it or not, to chaos.

Now that you are financially in good shape, please get physically self reliant.




Jim Sinclair’s Commentary

MOPE at a grad level. 100? You have to be kidding. Add a few zeros then work from there.

Dimon Says a Hundred Municipalities in U.S. Won’t ‘Make It’ Out of Debt
By Dawn Kopecki – Mar 30, 2011 2:24 PM MT

JPMorgan Chase & Co. (JPM) Chairman and Chief Executive Officer Jamie Dimon said some municipalities will need to renegotiate debt and a hundred may not “make it.”

“I wouldn’t panic about what I’m about to say,” Dimon, 55, said today at a U.S. Chamber of Commerce event in Washington. “You’re going to see some municipalities not make it. I don’t think it’s going to shatter America, I just think it’s a part of the credit cycle.”

Speculation about widespread municipal-bond defaults intensified in December when bank analyst Meredith Whitney predicted that “hundreds of billions” of dollars of municipal bonds may default in 2011 amid pressure to balance budgets.

JPMorgan, the second-biggest U.S. bank by assets, said in February its commercial bank’s municipal-debt holdings are diversified enough to handle a likely increase in defaults. The number of issuers that can’t manage debts may be about a hundred, Dimon said today.

“It’s not going to be thousands,” he said. “It’s going to be maybe a hundred. It’s going to be a small number” out of roughly 14,000 municipalities.


Jim Sinclair’s Commentary

Are you looking for our dear friend, Dean Harry Schultz?

Well go no further than the Aden Sisters, for whom I understand Dean Harry writes monthly.

You might be interested in the sister’s take on things.

The Never Ending Surge…
Mar 28 2011 5:04PM

Gold nearing $1500, silver at $37, oil well above $100!  What a month… what a year!

We’re seeing record highs in the gold price on a daily basis, silver soaring to 31 year highs day after day, while crude oil takes off, reaching 2½ year highs.


Escalating violence in Libya and spreading unrest in the Middle East is adding fuel to the already strong bull markets (see Chart 1).

The threat of possible supply disruptions is providing the real fire under oil, while demand continues to grow. Gold and silver in turn are the safe havens as inflation concerns and uncertainty prevail.

This turmoil will continue to keep upward pressure on these markets, but there’s more to this bull market… Rising consumer prices are becoming more evident, worldwide. That is, we’re now seeing the effects from a cause that’s been in place for quite a while.


As we’ve previously mentioned, the cause is a sea of liquidity that has pushed all of the markets higher.

This time around, soaring agricultural prices have been the most dangerous. Global food prices rose to a record. Rising food and oil are a deadly match because higher oil prices push food prices even higher.

Just since last June, 44 million people were pushed into extreme poverty according to the World Bank. This alone explains why governments are being toppled. With food costs taking up a much larger portion of a families’ income in the emerging world, it’s understandable that surging prices helped spur the outbreak in the Middle East and North Africa. The United Nations says other countries at risk of food riots are Bolivia and Mozambique.
Some say food is in a bubble, and possibly that’s true, but when you consider climate change, political change and geopolitical tension, together with price inflation, we don’t think a bubble is here… not yet.