Jim’s Mailbox

Posted at 10:39 AM (CST) by & filed under Jim's Mailbox.

JB sends us this without tongue in cheek…

Bill

clip_image002

Looking into Jr.’s massive Russian agenda…

JB

clip_image004

Bill/Jim,

Think ‘Fukushima, Japan’…..? Scientists are shocked??? You’ve got to be kidding.

Lon

Scientists Shocked As Fisheries Collapse On West Coast: “It’s The Worst We’ve Seen”
November, 13, 2017

The Gulf of Alaska cod populations appears to have taken a nose-dive. Scientists are shocked at the collapse and starving fish, making this  the “worst they’ve ever seen.”

clip_image005

“They [Alaskan cod] get weak and die or get eaten by something else,” said NOAA’s Steve Barbeaux.

The 2017 trawl net survey found the lowest numbers of cod on record forcing scientists to try to unravel what happened. A lot of the cod hatched in 2012 appeared to survive, but by 2017, those fish were largely gone for the surveys, which also found scant evidence of fish born in subsequent years. Many of the cod that have come on board trawlers are “long skinny fish” according to Brent Paine, executive director of United Catcher Boats.

“This is a big deal,” Paine said. “We just don’t see these (cod) year classes disappear from one year to the next.”

The decline is expected to substantially reduce the gulf cod harvests that in recent years have been worth — before processing — more than $50 million to Northwest and Alaska fishermen who catch them with nets, pot traps, and baited hooks set along the sea bottom.

Barbeaux says the warm water, which has spread to depths of more than 1,000 feet, hit the cod like a kind of a double-whammy. Higher temperatures sped up the rate at which young cod burned calories while reducing the food available for the cod to consume. And many are blaming “climate change” for the effects on the fish, although scientists aren’t directly correlating the two events. “They get weak and die or get eaten by something else,” said Barbeaux, who in October presented preliminary survey findings to scientists and industry officials at an Anchorage meeting of the North Pacific Fishery Management Council.

More…

Lon,

Probably blame it on La Nina Lon? Maybe legislate “safe spaces” for fish? Or maybe we need more gun control, that’ll fix it!

Bill

From our pal Dave in the witness protection program.

Bill

It’s the beginning of the end of “no tell” virtual money. Kicking a sleeping elephant in the rear is a no-no, even Mahout understands.

Jim

Jim/Bill,

Here they come; they want their share of the winnings!

Dave

The IRS Is Puzzled: Why Out Of 500,000 Coinbase Users, Only 900 Reported Gains Or Losses
November 13, 2017

Almost exactly one year ago, the IRS realized that it could be leaving billions of dollars on the table in the form of uncollected taxes, and launched a tax-evasion probe on the largest US Bitcoin exchange, Coinbase, seeking to identify all Coinbase users in the U.S. who “conducted transactions in a convertible virtual currency” from 2013 to 2015.

clip_image006

In a vexing paradox for cryptocurrency traders who had hoped they could avoid the IRS indefinitely as someone, somewhere once may have mentioned, the higher the price of bitcoin rose, the more motivated the IRS was to obtain access to user transaction records. Or, as Bloomberg put it, “the exploding value of the cryptocurrency since its first real-world transaction in 2010 is one reason the U.S. Internal Revenue Service is pushing to see records on thousands of users of Coinbase Inc., one of the biggest U.S. online exchanges. The company’s digital currency platform allows gains to be converted into old-fashioned dollars in transactions that the IRS alleges are going unreported.”

To be sure, as we have reported over the past year, Coinbase and industry trade groups are fighting back in court, claiming the government’s concerns about tax fraud are unfounded and that its sweeping demand for information is a threat to privacy. That however, did not stop the IRS which claimed in a court filing that “U.S. taxpayers, including Coinbase users, have made use of virtual currencies to avoid the reporting and payment of taxes.” The agency said it needs access to customer records to “gain some degree of visibility into a space where it is already necessarily moving about somewhat in the dark.”

Meanwhile, both Coinbase and bitcoin have exploded. Whereas Coinbase had under 5 million users last November when the IRS filed its lawuist, as of last week it had 12.2 million users, deploying 41 million virtual currency wallets in 32 countries that have so far exchanged $40 billion in digital currency. The price of bitcoin hit a record high just under $8,000 at the start of November, more than 10x higher than in November 2016.

The biggest problem, however, and the reason why the IRS is unlikely to relent is that as the IRS said, it detected a “reporting gap” between the 500,000 virtual currency users Coinbase reported between 2013 and 2015 and the less than 900 bitcoin users reporting gains or losses for each of those years.

More…

Bill, Jim,

In case you’ve missed it – a fascinating article on Bloomberg today. Turns out exports to the US account for only about 5% of Saudi Arabia’s oil production. What do you think will be their next step regarding ways of payment?

Take care and keep well,

CIGA Rose

Saudi Retreat From U.S. Oil Market Cuts Exports to 30-Year Low
November 13, 2017

For a generation, the huge, whitewashed storage tanks at America’s largest oil refinery in Port Arthur, Texas, have stored almost nothing but Saudi crude.

The plant is owned by Saudi Arabia’s state-run oil company, Aramco, and since it first bought a stake in 1988, the Motiva refinery guaranteed the kingdom a strategic foothold in the world’s largest energy market. The tankers carrying millions of barrels a month of Arab Light crude from Saudi export terminals to Port Arthur were testament to the strength of the energy and political ties binding Riyadh and Washington.

All of a sudden, there are very few Saudi ships arriving in Texas. Since July, Aramco has constricted supply, attempting to drain the crude storage tanks at Motiva — and many others across America — part of a plan to lift oil prices, even at the cost of sacrificing its once prized U.S. market.

While Motiva is most affected, the rest of the U.S. oil refining system, from El Segundo in California to Lake Lake Charles in Louisiana, has also taken a hit. The result: Saudi crude exports into America fell to a 30-year low last month.

“The drop is huge,” said Amrita Sen, chief oil analyst at consultant Energy Aspects Ltd. in London. “It’s not just that Saudi exports are low, but they have been low for several months.”

More…

Very good point Rose and speaks directly to the “petro” left in the petrodollar?

Best,

Bill

Jim/Bill,

Why is this not surprising?

Once you back something with gold, it becomes real, versus virtual.

Perhaps it’s simply a matter of dilution, but the basic headlines imply gold’s power to impress.

CIGA Wolfgang Rech

Bitcoin Plunges Over $2,000 In A Week As Bitcoin Gold Launches
November 12, 2017

(Kitco News) – Bitcoin dropped more than $2,000 in just under a week, as traders digested the launch of the digital currency’s offshoot known as bitcoin gold on Sunday.

The popular digital currency was seen trading at an all-time high of $7,899.90 on November 8 but then dropped down to just $5,450.40 on November 12, according to Kitco’s aggregated charts.

Developers behind the bitcoin gold fork launched the new offshoot on Sunday at 2 p.m. E.T.

clip_image008

More…

Mysterious Dave(?) checks in again with another great question…

Bill

Jim/Bill,

Why make RT register? We have MSM/Pravda right here.

Dave

Selected Articles: Mainstream Media “Fake News”, War Propaganda
November 12, 2017

We bring to the attention of Global Research readers a selection of articles focussing on the obfuscation of truth through media manipulation as well as the routine dissemination of war propaganda

These articles show how media lies and fabrications are used as a justification to wage so-called “humanitarian wars”.

If you consider these articles useful, please consider making a donation and/or becoming a Global Research Member. Any amount large or small will contribute to the broader objective of Truth in Media.

You can also help us by forwarding this selection far and wide, discussing it within your circle of friends and colleagues, reposting our articles on blog sites and social media, etc.

FAKE NEWS: BBC criticised for using Iraq 2003 photo to illustrate Syrian massacre

By Global Research, November 11, 2017

The British Broadcasting Corporation (BBC) has been slammed for mistakenly using a photo taken in Iraq in 2003 to illustrate the Syria 2012 massacre, in which over 100 people, including 32 children, were brutally killed.

Fake News Used to Justify All Out War: The Bosnian Serb “Death Camp” Fabrication. Pretext for R2P “Humanitarian Intervention” (1992) in Yugoslavia

By Global Research News, November 10, 2017

Serbian emergency shelters for Bosnian refugees sold to the public as a concentration camp to win public support for international intervention.

The Attack on ‘Fake News’ Is Really an Attack on Alternative Media

By Dave Lindorff, November 09, 2017

These are tough days to be a serious journalist. Report a story now, with your facts all lined up nicely, and you’re still likely to have it labeled “fake news” by anyone whose ox you’ve gored — and even by friends who don’t share your political perspective. For good measure, they’ll say you’ve based it on “alternative facts.”

More…


Well said Rosemary!

Bill

Rosemary LaBonte: To the editors of a California newspaper in response to an article written by Ernie Lujan who suggests we should tear down the Statue of Liberty because the immigrants of today aren’t being treated the same as those who passed through Ellis Island and other ports of entry. The paper never printed this response, so her husband sent it out via internet.

Maybe we should turn to our history books and point out to people like Mr. Lujan why today’s American is not willing to accept this new kind of immigrant any longer. Back in 1900 when there was a rush from all areas of Europe to come to the United States, people had to get off a ship and stand in a long line in New York and be documented.

Some would even get down on their hands and knees and kiss the ground. They made a pledge to uphold the laws and support their new country in good and bad times. They made learning English a primary rule in their new American households and some even changed their names to blend in with their new home.

They had waved goodbye to their birth place to give their children a new life and did everything in their power to help their children assimilate into one culture. Nothing was handed to them. No free lunches, no welfare, no labor laws to protect them. All they had were the skills and craftsmanship they had brought with them to trade for a future of prosperity.

Most of their children came of age when World War II broke out. My father fought alongside men whose parents had come straight over from Germany , Italy , France and Japan None of these 1st generation Americans ever gave any thought about what country their parents had come from. They were Americans fighting Hitler, Mussolini and the Emperor of Japan . They were defending the United States of America as one people.

When we liberated France , no one in those villages were looking for the French American, the German American or the Irish American. The people of France saw only Americans. And we carried one flag that represented one country. Not one of those immigrant sons would have thought about picking up another country’s flag and waving it to represent who they were. It would have been a disgrace to their parents who had sacrificed so much to be here. These immigrants truly knew what it meant to be an American. They stirred the melting pot into one red, white and blue bowl.

And here we are with a new kind of immigrant who wants the same rights and privileges. Only they want to achieve it by playing with a different set of rules, one that includes the entitlement card and a guarantee of being faithful to their mother country.

I’m sorry, that’s not what being an American is all about. I believe that the immigrants who landed on Ellis Island in the early 1900’s deserve better than that for all the toil, hard work and sacrifice in raising future generations to create a land that has become a beacon for those legally searching for a better life. I think they would be appalled that they are being used as an example by those waving foreign country flags.

And for that suggestion about taking down the Statue of Liberty , it happens to mean a lot to the citizens who are voting on the immigration bill.

I wouldn’t start talking about dismantling the United States just yet.

Keep this letter moving.

For the wrong things to prevail, the rightful majority needs to remain complacent and quiet.