In The News Today

Posted at 4:07 PM (CST) by & filed under In The News.

On comparing financial markets half a century ago with today:

"There’s no comparison. Back then markets were professionally traded and ethically operated. Today, you might as well be in an ‘Oceans Eleven Casino’ dealing with an industry made up of sociopaths. The destruction, theft and operation of markets are so prevalent that it has become a culture."
–Jim Sinclair

I understand they are going to have ‘fact checkers’ standing by — just in case either candidate happens to say something factual.
–Jay Leno

Gold Today:

There were three body blocks Today at cash gold $1775.

Some political party does not want a run to $1900 plus going into the election.

With this clear intention to hold the line, $1775 gains significance as a manipulator’s line in the sand.

Gold and the euro are holding hands in the same direction.

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Jim Sinclair’s Commentary

This is not a staged picture. Mr. Budders is a short haired Jack Russell. He can’t stand the cold.

Now that it is Fall in Connecticut it is chilly, but too soon to turn the heat on. Whenever the dryer is opened after a cycle the crazy guy jumps right in. Simple logic, I guess as long as the door is open.

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Jim Sinclair’s Commentary

An afternoon drive on the lake.

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Jim Sinclair’s Commentary

Anyone that holds the position that QE will have no impact is simply ignorant.

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Jim Sinclair’s Commentary

Here is a chart that speaks for itself; a chart that portends a colossal impact from QE to infinity everywhere in the Western financial world. A chart that should put an end to the manipulator’s forced plays on the short side such as what is being attempted now.

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Jim Sinclair’s Commentary

Expressing my view of the manipulator’s body block at gold $1800. This also applies to the phony employment figures.

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Jim Sinclair’s Commentary

Jim Gillis should be delighted by two things:

1. His pension was not reduced.

2. The fact that he got any pension payment at all.

$1.4 trillion in state pension fights foreshadowed in Rhode Island
Published October 07, 2012
Associated Press

Retired social worker Jim Gillis was told his $36,000 Rhode Island state pension would increase by $1,100 next year to keep up with inflation.

But lawmakers suspended annual increases, leaving Gillis wondering how he’ll pay medical bills and whether he’d been betrayed by his former employer.

"When you’re working, you’re told you’ll get certain things, and you retire believing that to be the case," Gillis said.

He and other retirees are challenging the pension changes in a court battle that’s likely to have national implications as other states follow Rhode Island’s lead.

Cities and states around the country are shoring up battered retirement plans by reducing promised benefits to public workers and retirees. All told, states need $1.4 trillion to fulfill their pension obligations. It’s a yawning chasm that threatens to wreck government budgets and prompt tax hikes or deep cuts to education and other programs.

The political and legal fights challenge the clout of public-sector unions and test the venerable idea that while state jobs pay less than private-sector employment, they come with the guarantee of early retirement and generous benefits.

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Jim Sinclair’s Commentary

Never say never. Already the freedom of speech at or near political conventions is against the law. Troops are being trained to confront protesters with lethal power.

This training is not for fun. All training is for use.

http://www.youtube.com/watch?feature=player_embedded&v=hzP8znpQI9I

 

Jim Sinclair’s Commentary

I cannot imagine anyone who could kill a domestic animal. Where I am concerned it is murder. They are my beloved companions

Family awarded $600,000 for pain and suffering after their dog was shot by police
By Tamara
September 20, 2012

A jury’s decision to award a family $600,000 in damages for pain and suferring as result of their dog being shot by a Fredrick County Sheriff Deputy, was upheld this week by a Montgomery County Judge.

The Frederick News Post reported that the judge upheld the award of $600,000 to the family, but lowered the monetary compensation for veterinary costs from $20,000 to a few thousand dollars. This is one of the first cases in Maryland to recognize that pets are family members and not property.

Roger and Sandi Jenkins were at their Taneytown, Maryland home on January 9, 2010 when Deputy First Class Timothy Brooks shot their chocolate Labrador Retriever named Brandi while he and another deputy were looking for the Jenkins’ son on a civil warrant.

Brandi came outside of the Jenkins’ home and bounded out to greet Deputy Brooks who immediately drew his gun and shot the dog, despite the fact that Brandi had stopped barking and never got within 3 feet of him. The incident was caught on a dashcam video from the police car and was shown during the court proceedings.

As result of the shooting, Brandi now requires life-long medical care and faced having her leg amputated as result of the wound.

When the Jenkins rushed Brandi to the vet, the deputies entered their home without their permission. As such, the deputies were also found to have violated the couple’s constitutional rights. A few months later, Roger and Sandi sued the Frederick County Sheriff’s Office and the state of Maryland for pain and suffering.

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