In The News Today

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Jim Sinclair’s Commentary

Hungry secret gold bulls, amongst the "Good Ole Boy’s Club," intensely gathering physical metal in their manufactured reaction.




Jim Sinclair’s Commentary

The rising trade block and place of currency ascendancy is Euroland, Russia, China (the BRICS).

This is now a trend in its infancy, but to establish itself solidly, and very long term.

Russia looks east to get more from its cross-border trade with China
The Kremlin sees Chinese border town booming while its Russian counterpart lags far behind

Twelve years ago, Russia pulled its troops out of the military town of Bezrechnaya, several hours’ drive from the country’s main border crossing into China. The abandoned buildings were then stripped to their foundations by jobless locals, some of whom lost their lives scavenging for the second-hand bricks that sell for less than a penny each.

The few inhabitants that remain today expect the village to be completely abandoned within a decade. "It looks like the aftermath of a bombing raid," said Evgeniya Arameeva, 38, who works in Bezrechnaya’s small shop. "People higher up probably don’t even know we are here."

Bezrechnaya is a symbol of how a thawing relationship between Moscow and Beijing after the fall of the Soviet Union in 1991 has led to the gradual demilitarisation of a once tense area. But it is also a reminder of the demographic trends in the Sino-Russian border region, which extends for more than 2,600 miles from the eastern fringes of the Mongolian steppe to the Pacific Ocean. There are fewer than five million people in the five Russian regions facing China across the Amur and Argun rivers – and more than 100 million people living in the three Chinese regions on the opposite banks.


Jim Sinclair’s Commentary

No manipulation will successfully cancel the ramifications of this increasing flow.


Jim Sinclair’s Commentary

About this there is no question. The mortgage industry has been nationalized.

ProPublica: Govt Now Runs the US Mortgage Marketplace
Friday, 21 Dec 2012 07:45 AM
By John Morgan

The American home mortgage market has, for all practical purposes, become nationalized since the 2008 financial meltdown, according to an analysis by ProPublica, the non-profit investigative journalism project.

The takeover, without which the housing market could barely function, has occurred against a backdrop of little planning or public discussion.

In fact, nine out of every 10 new mortgages are now backed by the U.S. taxpayer, up from three in 10 in 2006.

“It is creeping nationalism,” said Jim Millstein, an investment banker and former Treasury official in the Obama administration.

Fannie Mae and Freddie Mac, the taxpayer-supported housing giants, alone guaranteed 69 percent of new mortgages in the first nine months of 2012.


Jim Sinclair’s Commentary

The answer is simple. You move to another state which then joins the Death Spiral State club.

Are You Living in a “Death Spiral” State … And If So, What Should You Do About It?

A writer at Forbes Magazine has identified a phenomenon called the “death spiral states.” Sounds intimidating, right? Fox Business Network’s Melissa Francis broke down what you need to know on America Live today.

The category includes 11 states where private sector workers are outnumbered by people who are dependent on the government. That number would include state workers, and people who are receiving welfare or pension. For example, in California the ratio of “takers versus makers” is bigger than one. If you own a software company that employs 100 people, you’re supporting 139 other people in the state who are on the “takers” list.

Credit worthiness was the second factor worked into this equation. To calculate that, Forbes looked into large debts, uncompetitive business climate, weak home prices and unemployment trends for each state.

So what’s the takeaway? If you live in one of the states on the list, there are things you can do such as rent instead of buy a home.

New Mexico ranked at the bottom of the list, with 153 takers for 100 workers. For the full “death spiral” list, check out the clip below!


Jim Sinclair’s Commentary

It is starting to get very crowded in this neighborhood.

USS John Stennis enters Persian Gulf
Dec 27, 2012 18:02 Moscow Time

The American aircraft carrier USS John Stennis has passed the Strait of Hormuz and entered the Persian Gulf after patrolling the Arabian Sea together with a guided missile cruiser USS Mobile Bay, the US Navy reports. The warship is currently docked in Saudi Arabia’s port of Jebel Ali.

On December 28, the USS John Stennis is going to take part in 6-day naval drills in the Strait of Hormuz and the nearby Gulf of Oman.

Iran’s Navy has announced it will stage live-fire exercises in the same region to practise sealing off the strait, which accounts for over 20% of the world’s oil shipments.

Meanwhile, the amphibious assault ship USS Peleliu has entered the Oman’s port of Salalah on the Arabian Sea.

Voice of Russia, Interfax


Jim Sinclair’s Commentary

Do you think Mother Nature might be angry about how we are treating the planet, and its other residents?

Mississippi River Recedes Faster Than Expected, Shippers Say
December 27, 2012
By, Jim Snyder

(Bloomberg) — Water levels in the Mississippi River south of St. Louis are falling faster than anticipated, requiring more urgent action to keep the nation’s busiest waterway open, according to a group of shipping companies.

Debra Colbert, senior vice president of the Waterways Council Inc., said the U.S. Army Corps of Engineers now projects river levels may fall to a point at which many tugboats can’t operate by Jan. 3 or Jan. 4. Previous estimates indicated that the river would remain navigable until at least the middle of the month, she said.

"The problem is the window to do anything about this is closing quickly," Colbert said today in a telephone interview.

Shippers carry about $7 billion in goods including crude oil and grain on the Mississippi in December and January. Tugboat and barge operators have warned that thousands of jobs in Illinois, Missouri, Louisiana and other states in the country’s midsection were at risk if the river shuts down, and they’ve asked Washington to find ways to increase the flow.

Most tugboats need about 10 feet of water to operate effectively. By the end of next week, only vessels with a draft of no more than 8 feet will able to run through the area of the river near Thebes, Illinois, 128 miles (206 kilometers) south of St. Louis, Colbert said. The draft is the distance from the surface of the water to a boat’s lowest point.