Jim’s Mailbox

Posted at 9:26 AM (CST) by & filed under Jim's Mailbox.

From our friend Dan at DK Analytics.

Bill

DK Analytics, Post #47: With Rising Interest Rates, If You Must Buy, Purchase “Value” Vs. “Growth” Stocks — And Then Some
September 20, 2018

A historical interest rate perspective — the US & the world have never been so indebted in both relative to GDP and in absolute terms, yet look at our interest rates:

 

 

 

 

 

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Jim,

World War III is but minutes away and MSM gives it no coverage, all we get is fake, 30 year old sex stories.

Dave

Russian MoD: S-400 data shows Israeli F-16 hid behind Russian Il-20 to avoid Syrian missile (VIDEO)
September 24, 2018

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Judicial Watch continues to expose it all.

JB

 

Confirmed!

JB

 

 

 

 

 

 

 

 

 

Courtesy of CIGA David.

Jim

 

 

 

 

 

 

 

 

Courtesy of Dave.

Jim

Professional Wrestling and the Media
by Jeff Thomas

As a boy, I was quite non-violent, but I confess to having been fascinated with professional wrestling. For one hour, every Saturday morning, I’d watch Yukon Eric, Haystack Calhoun and Killer Kowalski attack each other in the ring in what was called, “professional wrestling.”

Of course, even as a boy, it was evident that it was a sham. Some wrestlers played the role of angry bullies; others were practically cartoon characters. The threats each made to the other before the match, the silly outfits, the absurd holds and body slams – it was clearly phony.

And yet, each Saturday, my friends would say, “Okay, maybe some of it’s phony, but did you see that guy bleedin’? That was real!”

Were my friends as gullible as that? Well not by nature, possibly, but, if they’d accepted that televised wrestling were totally phony, it would have lost all its excitement. Viewers would grow bored with it and cease to watch it. And, of course, it was so compelling – seeing two tough guys dramatically fighting it out in the ring.

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Courtesy of Dave.

Jim

Signs of the Gold Apocalypse: M&A and Fund Extinction
September 24, 2018

Tom Luongo

For bear markets to truly end investor sentiment has to get to a point where they would rather walk on broken glass than buy that asset or asset class.  We’re reaching that point in the precious metals market.

In conjunction with that we also have to see arrogance on the part of short-sellers convinced that all rallies will be sold, keeping a lid on prices.  It doesn’t matter if buyers come in at higher prices or above significant technical support levels, they will push because they become convinced this is a one-way trade.

We see this in the government bond markets as well.  In traderspeak it’s called the [Insert Head of Central Bank Here] Put.  The Greenspan Put begat the Bernanke Put which morphed into the Yellen Put.

Over the past few months we’ve seen sign after sign that the gold and silver markets are nearing the end of their bear markets.  These are signs of extreme distress.  The first I’ve already mentioned, record speculative short positions among futures traders.

Then there was the re-balancing of Vanguard’s $2.3 billion Gold and Precious Metals fund into the Global Capital Cycles Fund, trimming exposure to precious metals to 25% of AUM — Assets Under Management.

And now we’re seeing the M&A (Mergers and Acquisitions) phase of the bear market.  Where companies begin merging to shave costs after having already cut back on production to preserve cash flow.

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Jim/Bill,

This is YUUUUUGE as Trump would say.

 

 

 

 

 

Another nail in the coffin of the Dollar.

And it’s all our own doing.  You can only push people so far.

Once the tipping point has been reached, the Dollar will tank, and the massive Dollar long positions will be liquidated, adding fuel to the fire

We us a dangerous situation.

CIGA Wolfgang Rech

Europe Unveils “Special Purpose Vehicle” To Bypass SWIFT, Jeopardizing Dollar’s Reserve Status

September 26, 2018

In a stunning vote of “no confidence” in the US monopoly over global payment infrastructure, one month ago Germany’s foreign minister Heiko Maas called for the creation of a new payments system independent of the US that would allow Brussels to be independent in its financial operations from Washington and as a means of rescuing the nuclear deal between Iran and the west.

Writing in the German daily Handelsblatt, Maas said “Europe should not allow the US to act over our heads and at our expense. For that reason it’s essential that we strengthen European autonomy by establishing payment channels that are independent of the US, creating a European Monetary Fund and building up an independent Swift system,” he wrote.

Maas said it was vital for Europe to stick with the Iran deal. “Every day the agreement continues to exist is better than the highly explosive crisis that otherwise threatens the Middle East,” he said, with the unspoken message was even clearer: Europe no longer wants to be a vassal state to US monopoly over global payments, and will now aggressively pursue its own “SWIFT” network that is not subservient to Washington’s every whim.

Many discounted the proposal as being far too aggressive: after all, a direct assault on SWIFT, and Washington, would be seen by the rest of the world as clear mutiny against a US-dominated global regime, and could potentially spark a crisis of confidence in the reserve status of the dollar, resulting in unpredictable, and dire, consequences.

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