Jim’s Mailbox

Posted at 4:32 PM (CST) by & filed under Jim's Mailbox.

Jim,

Flynn was hung out to dry on a lie.

Dave

‘Secret’ Evidence Vindicates Michael Flynn’s ‘Treasonous’ Dinner with Putin
January 5, 2018

Tyler Durden

Over the last month we have learned much more about the circumstances surrounding the departure of former Trump national security adviser Michael Flynn.

Flynn pleaded guilty to making false statements to the FBI about a conversation with then-Russian ambassador to the United States Sergey Kislyak; one on December 29, 2016 in which Flynn urged the Russians to “refrain from escalating the situation in response to sanctions that the US had imposed against Russia,” and another conversation in which Kislyak told Flynn that Russia had decided to moderate its response following the request.

Nothing earth shattering, illegal, or collusive in the “witch hunt” sense – but Flynn was not forthcoming with the Justice Department, or Vice President Mike Pence. He was fired from his post and subsequently pleaded guilty in December 2017 to making false statements to the FBI.

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Jim,

We ran short of time on Saturday’s talk, so I have posted this for listeners.

Dave

Chinese Scholar Offers Insight Into Beijing’s Strategic Mindset
January 5, 2019

The top story of 2019 – and the years ahead – will continue to revolve around the myriad, dangerous permutations of the economic ascent of China, the resurgence of nuclear superpower Russia and the decline of the US’s global hegemony.

Two years ago, before the onset of the Trump administration, I sketched how the shadow play might proceed in the New Great Game in Eurasia.

Now the new game hits high gear; it’s the US against the Russia-China strategic partnership.

Diplomatic capers, tactical retreats, psychological, economic, cyber and even outer space duels, all enveloped in media hysteria, will continue to rule the news cycle. Be prepared for all shades of carping about authoritarian China, and its “malign” association with an “illiberal” Russian bogeyman bent on blasting the borders of Europe and “disrupting” the Middle East.

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Bill,

As you keep saying, with out the rule of law we have nothing.

Dave

Death of Democracy, America’s Loss of Rule of Law
January 5, 2018

As of the beginning of 2019, America enters a meltdown. Congress, under the House leadership of Nancy Pelosi, says President Trump may well be indicted for crimes, election fraud, conspiracy, obstruction of justice, tax evasion, no one is sure except maybe Special Counsel Robert Mueller.

What is known, however, is that the deterioration of rule of law in the US has gone on for decades with the scales of justice under the absolute control of the powerful and corrupt. What is also know to anyone who pays remote attention is that it is the GOP, which doesn’t necessarily mean Donald Trump, that has been bought and paid for by special interests.

This issue has come to light only recently, and to a degree few are aware, as moves unseen by the public are bringing potential reforms into play. The powerbases within the military and intelligence community, never well understood and too often assumed to be owned by Israel or Wall Street, are close to quietly assuming power.

Past that, business leaders are also organizing, terrified of runaway policies that have led to even deeper debt, potential civil unrest and, most threatening of all, the collapse of the dollar.

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Jim/Bill,

We covered this on Saturday. The $450 billion lost is just the start of it, hold on.

Dave

In Price and Value, Chinese Phone Makers Outpace Apple in Much of the World
January 4, 2018

BEIJING — To most Americans, the names are unfamiliar, maybe a little hard to pronounce: Huawei, Xiaomi, Oppo, Vivo.

They are China’s biggest smartphone brands. Around the world — although not in the United States — they are making the handset business brutally competitive. This week, after Apple warned of disappointing iPhone sales in China, industry observers said that devices from the Chinese brands were a major culprit.

As the phone market in China reaches saturation and sales shrink over all, the country’s hardware makers are pushing hard, and increasingly winning fans, in places like France, Germany, India and Southeast Asia, where consumers find that the phones can do just about everything an iPhone can do at a fraction of the cost.

Apple sits comfortably atop the market in many countries, including China, for the highest-end handsets. But companies like Huawei have started to do elsewhere what they have done in China, competing with the iPhone on experience and value and luring customers with price comparisons that make them rethink buying Apple’s signature product.

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Nothing else to say.

JB

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Jim,

You and Bill have told people be ready. I hope they listened.

Dave

Start Prepping! Electric Grid ‘Prime Target’ Of Terrorists, ‘Profound Threat,’ Says Council
December 10, 2018

In a new report that warns that the electric grid is the “prime target” of terrorists, Americans are being urged prepare for the up to six months without electricity, transportation, fuel, money, and healthcare.

“People no longer keep enough essentials within their homes, reducing their ability to sustain themselves during an extended, prolonged outage. We need to improve individual preparedness,” said a just-published report to President Trump.

“There needs to be more individual accountability for preparedness,” adds the report, “Surviving a Catastrophic Power Outage,” from the President’s National Infrastructure Advisory Council and published by the Department of Homeland Security.

It looked at the potential of a power outage of up to six months and recommended Americans have enough supplies on hand for a minimum 14 days, a standard for some prepper organizations.

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Jim,

It’s ugly, but true.

Dave

The Ugly Truth
For years critics of central bank policy have been dismissed as negative nellies, but the ugly truth is staring us all in the face: Market advances remain a game of artificial liquidity and central bank jawboning and not organic growth and now the jig is up. As I’ve been saying for a long time: There is zero evidence that markets can make or sustain new highs without some sort of intervention on the side of central banks. None. Zero. Zilch.

And don’t think this is hyperbole on my part, I will present the evidence of course.

In March 2009 markets bottomed on the expansion of QE1 which was introduced following the initial QE1 announcement in November 2008. Every major correction since then has been met with major central bank intervention. QE2, Twist, QE3 and so on.

When market tumbled in 2015 and 2016 global central banks embarked on the largest combined intervention effort in history to the tune of over $5 trillion between 2016 and 2017 giving us a grand total of over $15 trillion in central bank balance sheet courtesy FOMC, ECB and BOJ:

 

 

 

 

 

 

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