In The News Today

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

For those who stubbornly seek freedom, there can be no more urgent task than to come to understand the mechanisms and practices of indoctrination. These are easy to perceive in the totalitarian societies, much less so in the system of ‘brainwashing under freedom’ to which we are subjected and which all too often we serve as willing or unwitting instruments."
— Noam Chomsky


Jim Sinclair’s Commentary

Then realize that of the latter group there are those that seek public office. Know that these are the people today dealing with the Fiscal Cliff which is without  any doubt a monument to a failed government.

These are the proponents that believe fully in MOPE which states if you can manipulate public markets you can manipulate people’s perspectives. The basis of MOPE is perspective is the engine of economic process.



Jim Sinclair’s Commentary

A view from Moscow on the 2nd Amendment. Russians have firsthand experience on disarming a nation.

So did Germany.

Americans never give up your guns
By Stanislav Mishin

These days, there are few few things to admire about the socialist, bankrupt and culturally degenerating USA, but at least so far, one thing remains: the right to bare arms and use deadly force to defend one’s self and possessions.

This will probably come as a total shock to most of my Western readers, but at one point, Russia was one of the most heavily armed societies on earth. This was, of course, when we were free under the Tsar. Weapons, from swords and spears to pistols, rifles and shotguns were everywhere, common items. People carried them concealed, they carried them holstered. Fighting knives were a prominent part of many traditional attires and those little tubes criss crossing on the costumes of Cossacks and various Caucasian peoples? Well those are bullet holders for rifles.

Various armies, such as the Poles, during the Смута (Times of Troubles), or Napoleon, or the Germans even as the Tsarist state collapsed under the weight of WW1 and Wall Street monies, found that holding Russian lands was much much harder than taking them and taking was no easy walk in the park but a blood bath all its own. In holding, one faced an extremely well armed and aggressive population Hell bent on exterminating or driving out the aggressor.

This well armed population was what allowed the various White factions to rise up, no matter how disorganized politically and militarily they were in 1918 and wage a savage civil war against the Reds. It should be noted that many of these armies were armed peasants, villagers, farmers and merchants, protecting their own. If it had not been for Washington’s clandestine support of and for the Reds, history would have gone quite differently.

Moscow fell, for example, not from a lack of weapons to defend it, but from the lieing guile of the Reds. Ten thousand Reds took Moscow and were opposed only by some few hundreds of officer cadets and their instructors. Even then the battle was fierce and losses high. However, in the city alone, at that time, lived over 30,000 military officers (both active and retired), all with their own issued weapons and ammunition, plus tens of thousands of other citizens who were armed. The Soviets promised to leave them all alone if they did not intervene. They did not and for that were asked afterwards to come register themselves and their weapons: where they were promptly shot.


Jim Sinclair’s Commentary

Remember Arab Spring on financial TV with the money bunnies squealing with joy? It was then and is now a disaster for the West.

Egyptian pound sinks to record low
By Heba Saleh in Cairo
December 30, 2012 4:33 pm

The Egyptian pound sank to a record low against the dollar on Sunday as the government sought to calm fears by announcing it would resume talks with the International Monetary Fund in January to secure a crucial $4.8bn loan.

The pound slid from 6.18 to 6.30 to the dollar on Sunday after the central bank held its first foreign currency auction as part of a new system introduced to slow down the depletion of the country’s reserves.

The measure followed a wave of panic buying of dollars by the public sparked by fears of an imminent devaluation of the Egyptian pound after political turmoil derailed a deal with the IMF.

Youssef Farouk, the manager of al-Masriya, a leading foreign exchange company, said he expected the pound to remain under pressure in the days to come. “I don’t expect it to climb up again. The fears which are causing people to seek dollars have not ended because there is still political tension.”

Last week, for the first time in eight years, banks and exchange bureaus turned away anxious customers seeking to convert their savings into dollars, citing shortages.

Mohamed Abu Basha, economist at EFG-Hermes, the regional investment bank, said the panic was overdone but that anxiety over the economy was justified.

He said in a note published on Sunday that controlling the flow into dollars was critical in the short term, but the central bank had sufficient resources to finance the balance of payments deficit over the next few months. He said Qatar and Turkey had pledged $500m each in help which was due to land in the coming weeks.

Longer term, however, he said the outlook depended on signing the deal with the IMF and that even then he expected the pound to weaken against the dollar to 6.60 by the end of 2013.