Jim’s Mailbox

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Jim/Bill,

The Riots In France Are Not Just About Taxes 

“…we can’t make ends meet. The cost of living keeps going up, and our incomes keep going down. We just can’t take it anymore. The government must stop, think and change course.”

Dec 12, 2018 2:00 AM

Sound familiar?  Do not think for one second it can’t happen here.

Perhaps people may not want to prepare for the inevitable, but our government certainly is!

See the following articles that came out in the past few days and shivers will run down your spine.

Government gold confiscation, gun confiscation, Free Speech confiscation, and last but not least….your money confiscated through excessive taxation.

CIGA Wolfgang Rech

Offshore Gold Storage “For When The US Govt Decides You Shouldn’t Own It”

“If your gold is outside the US, it gives you another degree of insulation should the United States decide that you shouldn’t own it – it’s not a reportable asset.”

  • Dec 13, 2018 9:40 PM

https://www.zerohedge.com/news/2018-12-13/offshore-gold-storage-when-us-govt-decides-you-shouldnt-own-it

New Jersey Declares War On Its Residents: Plans Door-To-Door Gun Confiscation Campaign

New Jersey State Police… won’t rule out “house-to-house enforcement” of the new magazine ban…

  • Dec 13, 2018 8:25 PM

https://www.zerohedge.com/news/2018-12-13/new-jersey-declares-war-its-residents-plans-door-door-gun-confiscation-campaign

California To Tax Text Messages? Like WTF!

“It’s a dumb idea

  • Dec 12, 2018 11:25 PM

https://www.zerohedge.com/news/2018-12-12/california-tax-text-messages-wtf

California Dem Admits “I’d Love To Regulate The Content Of Speech”

“I would love to be able to regulate the content of speech…”

  • Dec 12, 2018 8:50 PM

https://www.zerohedge.com/news/2018-12-12/california-dem-admits-id-love-regulate-content-speech

 

Jim/Bill,

“It seems the Saudis learned well on the real meaning of ‘capitalism’ and ‘free’ markets.”

We are all familiar with Japan buying up trillions worth of stocks to support their market.

And even Switzerland buying stocks, US Stocks in particular (one of the largest holders of Apple stock), to help support our markets, or make a speculative profit.  You choose.  In either case, it’s wrong.

Hell, even China steps in to prevent market plunges.  We hear that constantly.

Now we see the Saudi Plunge Protection Team, following the path of the Fed’s Plunge Protection Team, in supporting the stock markets.

And all this is being done on the consumers’ dime!

Wait until a sleeping public wakes up to the “silent noise”.  And wake, they will.

Is there, or was there ever, a “Free Market” capitalistic system?

I’m beginning to believe there isn’t, or ever was, true capitalism.

CIGA Wolfgang Rech

Forget ‘Fake News’, Here’s ‘Fake Markets’ – How MbS Spent Billions To Prop Up Saudi Stocks
December 14, 2018

In politics, “when it gets serious, you have to lie.”

In the increasingly intermingled worlds of geopolitics and financials markets, when it get serious, you have to rescue your nation’s stocks…

America’s Plunge Protection Team has been a long-standing feature behind the scenes since Greenspan (some even think it has been around since 1944), ready as equity market buyer of last resort (and even getting subsidies for doing so from the exchanges).

See any number of magical and sudden reversals from 2008/9 and 2014…USA Today finally realizes, fundamentals don’t matter anymore…

More…

 

Jim,

Is it about free markets or a competitive advantage?

Dave

“Five Eyes” Intelligence Agencies Behind Drive Against Chinese Telecom Giant Huawei
December 14, 2018

vidence has come to light that US operations against the Chinese telecommunications giant HuaWei (华为) and the arrest and detention of one of its top executives, Meng Wanzhou, to face criminal charges of fraud brought by the US Justice Department are the outcome of a coordinated campaign by the intelligence agencies of the so-called “Five Eyes” network.

According to a major report published in the Australian Financial Review (AFR) yesterday, the annual meeting of top intelligence officials from countries in the network—the US, Britain, Australia, New Zealand and Canada—held last July decided to “co-ordinate banning” Huawei from 5G mobile phone networks.

The two-day meeting, held in the Canadian capital, Ottawa, decided that the intelligence chiefs should spend time publicly explaining “their concerns” about China.

More…