In The News Today

Posted at 2:47 PM (CST) by & filed under In The News.

Old Proverb:

Give a man a fish and he will eat for a day. Teach a man to fish and he will eat for a lifetime.

2012 Updated Revision:

Give a man a welfare check, a free cell phone with 300 monthly minutes, free internet, cash for clunkers, food stamps, section 8 housing, free contraceptives, Medicaid, ninety-nine weeks of unemployment, free medicine, and he will vote Democrat the rest of his life; even after he’s dead.

Jim Sinclair’s Commentary

John Williams give us the real figures which will help now as well as the balance of your investment career. Please consider paying him for his services and getting the full write ups.

– GAAP-Based Federal Budget Deficit Hit Record $6.6 Trillion in 2012
– Five-Year Average Annual Shortfall at $5.2 Trillion
– With U.S. Facing Mortal, Long-Range Solvency Issues, Hyperinflation Remains a Virtual Certainty

No. 500: SPECIAL COMMENTARY  U.S. Government GAAP-Based 2012 Financial Data
Web-page: http://www.shadowstats.com

 

Jim Sinclair’s Commentary

Do you really believe these people can do anything effective in blunting the trends that are so anti-dollar? They cannot. They will not.

Listen to this, and understand. Listen to this and learn what we are dealing with.

Manipulation of every market on the planet cannot and will not stop what is coming. The US Dollar is going to USDX .0072 and lower. Gold is going to and through $3500. A bull market is coming in all related gold investments.

Stand and defend yourselves. Do nothing. Turn off your quote machine. Check back before the Ides of March.

 

Jim Sinclair’s Commentary

Today’s item of confidence in leadership.

Generals, admirals say no to Hagel
As secretary of defense he would be ‘contrary to the U.S. national security interests’

WASHINGTON – A group of 14 retired U.S. admirals and generals, including high-profile names such as Lt. Gen. William G. Boykin and Maj. Gen. Paul E. Vallely, have signed a letter expressing no confidence in President Obama’s choice for secretary of defense, former Sen. Chuck Hagel.

Of high concern, they write, “is Sen. Hagel’s outlook toward Iran – a country that, among other acts of war against our country, employed its proxy, Hezbollah, to bomb the Marine barracks in Beirut in 1983, resulting in the deaths 241 American servicemen.”

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