Jim’s Mailbox

Posted at 9:46 AM (CST) by & filed under Jim's Mailbox.

Wolfgang,

That is called “Debt Monetization” and is very inflationary.

A way of paying off or otherwise financing debts accrued by a government by that same government or its independent central bank, in order to print more money and increase the monetary base. This can be done by issuing new bonds and/or selling domestic debt to foreign countries. Also called monetization.

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Jim

Jim/Bill,

THE US GOVERNMENT ITSELF IS BUYING ITS OWN DEBT!

THINK ABOUT THAT FOR A SECOND.

FRIGHTENING BECAUSE THE WORLD IS SELLING OFF ITS HOLDINGS.

“But even as the US added to its debt load, foreign holders of US Treasurys are gradually selling them off. So, who’s buying up all of this debt? And is it sustainable? ”

US government entities such as pension funds, Social Security, etc. increased holdings to a total of  $5.87 trillion.

American banks (very large holders), hedge funds, pension funds, mutual funds, and other institutions along with individual investors in their brokerage accounts or at their accounts with the US Treasury increased their holdings to $7.5 trillion.

CIGA Wolfgang Rech

US Adds $1.5 Trillion to Debt in 12 Months; Who’s Buying All These Bonds?
February 5, 2019

Over the past 12 months, the US federal government has added $1.5 trillion to the national debt.

As of Jan 30, the debt stood just under the $22 trillion mark at $21.97 trillion, according to the latest Treasury Department data. As WolfStreet put it, we’re seeing these rapidly increasing levels of debt during “good times when the economy is hopping. At the next recession, this is going to get cute.”

But even as the US added to its debt load, foreign holders of US Treasurys are gradually selling them off. So, who’s buying up all of this debt? And is it sustainable?

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See, there is not meddling in the gold market! Harry Dent told us so.

Courtesy of JB.

Jim

Federal Judge Tells Traders They Can Combine Cases Accusing JP Morgan Of Rigging Metals Market
February 7, 2019

A group of traders from across the U.S. who allege that J. P. Morgan Chase manipulated precious metals markets for years are one step closer to bringing a class action suit against the nation’s largest bank.

Earlier this month, a federal judge said five separate lawsuits making similar allegations against the bank could be combined, potentially including thousands of people who traded in the precious metals market from Jan. 2009 through Dec. 2015.

Litigation in a separate civil case has been put on hold until at least May at the behest of the Justice Department, which is investigating a “related criminal case” that involves alleged market manipulation by precious metals traders at J. P. Morgan.

JP. Morgan declined to comment on this story.

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Jim and Bill,

Let’s hope for the best in the year of the Pig.

Dave

Year Of The Pig Is Here! Literally
February 8, 2019

. . .

The most important for this year, is to convince the global public that the West (and its colonies) have lost absolutely all the right to even utter such definitions as “democracy”, “freedom” or “human rights”.

For centuries and decades, these concepts have been brutally violated by all Western colonialist powers, and as a result, hundreds of millions of oppressed people have been dying, or living in appalling slums under fascist dictatorships.

Today, the West is the greatest ideologically fundamentalist, as well as undemocratic force on earth. Great majority of people there accepted all ideological dogmas of ‘exceptionalism’, while conquered nations are also forced to believe in Western exceptionalism.

The West tries to systematically overthrow all democratic, free and independent governments on earth. Then, it replaces them with servile and corrupt regimes that rob their own people and deliver loot to the doorsteps of the masters in New York, London and other ‘white’ Western capitals. The West is running the most brutal, racist, and morally defunct system in the history of the world. It is a fascist system, which is propelled by business, brainless consumption, moral emptiness, enslavement and shameless control as well as gray uniformity.

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Jim,

We covered this many Saturdays ago.

Dave

‘Like It or Not, We Have Lost’: Retired US General Concedes Afghan Defeat
February 8, 2019

“The Taliban are the victors,” says retired US Brig. Gen. Don Bolduc, who saw 69 of his soldiers killed in Afghanistan. “We just haven’t figured that out yet.”

Absorbing the fact that the US has lost militarily in Afghanistan will be a “bitter pill” for the soldiers he fought with, Bolduc told Yahoo News Friday.

“They did what they were asked, they did the right thing, and they watched their teammates get maimed, get killed, and because of the failure of our policymakers and our senior military leaders, they’re going to have to swallow this pill,” he said.

Trump Vows to Return US Troops From Afghanistan if Peace Deal Signed With Taliban

The retired Special Forces officer says he has the dog tags of all 69 men who were lost during his five years in Afghanistan as a token to remind him of the “price for bad policy and strategy.”

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Yes, Jim, you and Bill are at least trying to do something.

Dave

35 Mind Blowing Facts About America That Previous Generations Of Americans Never Would Have Believed
February 8, 2019

. . .

These days, just about everyone that tries to step forward and shake up the system is slapped with heavy criticism.

But at least they are trying to do something.

Holding an important position does not make you a leader.  Rather, being a leader is about having a positive vision for the future and doing whatever you can to achieve that vision.

We have way too many “leaders” out there that are simply filling seats.  Our country is literally falling apart at the seams, and all they can think about is protecting their careers.

America desperately needs change, but unfortunately we have very few change agents.  So we continue to steamroll toward our date with destiny, and time is not on our side.

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Jim,

The powers that be have been planning an over throw.

Dave

How Chrystia Freeland Organized Donald Trump’s Coup in Venezuela
February 7, 2019

On Monday, February 5th, Canadian Foreign Minister Chrystia Freeland announced that the 14 countries of the Lima Group — who had actually formed themselves under her direction into this new group on 8 August 2017 in order to overthrow and replace Venezuela’s current President Nicholas Maduro — have now been joined (though she didn’t say to what extent) by the EU, and by 8 other individual countries. She stated:

“Today, we have been joined by our Lima Group partners, from Argentina, Brazil, Chile, Colombia, Costa Rica, Guatemala, Guyana, Honduras, Panama, Paraguay, Peru, and Saint Lucia. We have also been joined in our conversations with our partners from other countries, for this Lima Group ministerial meeting. These include Ecuador, the European Union, France, Germany, the Netherlands, Portugal, Spain, the United Kingdom, and the United States.”

She, along with US President Donald Trump, had, all along, been the actual leaders of this international diplomatic effort, to violate the Venezuelan Constitution blatantly, so as to perpetrate the coup in Venezuela.

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