Posted at 10:31 AM (CST) by & filed under General Editorial.

My Dear Extended Family and Friends,


This is another instalment of the “Be Prepared” Series I started publishing a couple of years ago. As you know, these are suggestions for what to consider in preparing for the future, and specifically, what to consider for emergency preparedness. The information provided are not recommendations, but merely matters to take into consideration for yourself and your loved ones in an emergency. This isn’t a “how to” article, although some “how to” will be mentioned. This is an article to help you consider whether or not to keep some cash at home, regardless of how much, or how you may choose to do it. I would urge you to keep some cash at home for an emergency. The problem with emergencies is that they are not predictable and occur without much warning, if any. This article may help you consider if keeping cash at home is the sensible plan for your family.

All the very best to you and yours,


– Jim Sinclair


BE PREPARED – Keeping Cash at Home


About 1 in 4 Americans already keep some cash at home. The natural disasters and power outages of the past decade have revealed the wisdom of having some cash for an emergency. We can’t always predict when an emergency will arise, but we can prepare for certain problems and circumstances which are likely to arise in emergency situations. The issue of keeping cash at home has been one of much debate. This article addresses keeping some cash at home, and some considerations to keep in mind in deciding the issue for yourself.


We often write a great deal about keeping precious metals, specifically gold and silver. Yet, in a short term emergency, cash would be king. The kingly status of cash would, of course, depend on the length of the emergency, and on the continued confidence in the currency itself. By cash, we mean the paper currency itself, whether it be US or Canadian Dollars, Pounds, Yen, Euros, Renminbi, etc. For examples used in this article, we will refer to the US Dollar, and you may convert suggestions and amounts relative to your own financial system’s currency, just as you must convert suggestions to your individual and specific needs.


Having cash outside of the banking system is common sense in many ways. Look at a state like New Jersey following Hurricane Sandy. Banking came to an abrupt halt. Most financial transactions in the US are not accompanied by exchange of physical currency/cash. Transactions are digital, i.e. no physical cash is exchanged for items or services. Transactions usually occur on digital ledgers – most often, debit, credit or otherwise electronic transfers for exchanges. Many people in NJ were without power for a week or more. The power grid was down. Many NJ grocers and service providers would only accept payment in cash, and those few who accepted debit or credit limited the amount of transactions because the provider could not verify electronic payments or available credit without electricity. People had little or no cash and therefore little or no buying power. The people could not obtain their needs. The events following Hurricane Sandy were eye-opening in terms of preparedness, and many were unprepared. ATM machines don’t function without electricity. Anyone who might use an ATM to obtain cash, had no access to cash regardless of how much money they had in the bank. In addition to New Jersey, many banks were closed in New York and Connecticut. People who had cash could buy groceries and water. Water treatment plants weren’t operating because the power grid was down, so potable water was in short supply. Water could not be boiled if the electric range had no power. Cash was vital to obtain goods and services in the aftermath of Hurricane Sandy in NJ and many other areas.


We can’t know when an emergency will arise, but we can plan and prepare. Not all emergencies are storms, power outages, earthquakes and other natural disasters. There are other emergency situations to consider. Recently the stock markets have been extremely volatile. In the past two weeks we saw a couple of 700+ point drops in the stock market. These are actually 1000+ point swings. The decline and the subsequent upside movement is the swing. In the USA, we have a Plunge Protection Team (PPT) whose mandate it is to prevent the crash of the stock market. The problem is that the markets are not operated by humans any more. The stock markets are operated by computers. Humans are not as fast as computers and can’t compete with high frequency trading (HFT). The stock market will crash one day even if we can’t predict when that day will come. When that day comes, investors will panic. Investors have historically panicked and the next crash will not be different. When the markets crash, trading is halted and/or the markets are closed, at least temporarily. You may think you are safe from the activity in the stock markets if you don’t have money in stocks. That is a false belief. The problem here is that when investors panic in a market situation, the first place they will go is to their banks and financial institutions to get their money. A bank run is the the result of panic, not usually a result of the insolvency of the bank. Investor panic would initially be into cash, followed by precious metals in a prolonged financial emergency. Investors would want to access whatever cash they have or can get. Most investor cash is in the bank, savings, checking, etc. Sovereign nations do not allow runs on their banks. The government of the USA will not allow runs on US banks and financial institutions, and will automatically employ the 1933 Banking Act (Glass–Steagall Act) to impose what is commonly referred to as “Bank holidays.”


A banking holiday means financial institutions will close instantly and at least, temporarily. If you do not have cash at home for supplies, groceries, medicines, gasoline, etc. you may not be able to get cash or purchase your needs. Debit and credit will not work and electronic transactions will not process or clear during a banking holiday. You may be able to get some cash from an ATM because ATMs are designed to operate when banks are closed. The problem is that when the ATM is empty, it will not be restocked with cash if the bank is still closed. Having some cash at home is the safest bet, and most importantly – it will do no harm.
The 1933 Banking Act wasn’t just a result of the Stock Market crash of 1929. There were other factors, (Dust Bowl, etc.) but the runs on the banks were ultimately the reason for the Act. The difference between 1929 and today is that what took a couple of years to occur in the early 1930’s would occur in a heartbeat today thanks to instant electronic communications. It only takes a few panicked people to create a banking problem, and the information age would accelerate runs on the banks. Having some cash at home and outside of the banking system would seem to be a common sense, conservative plan. You decide.


These days, banks aren’t paying much in the way of interest. Even worse, a bank depositor is an unsecured creditor for the bank’s obligations due to the laws promulgated as a result of the crash of 2008. In 2008, the government bailed out the banking/financial service sector among others. Bailouts for the banking system are not possible for the government now, and bail-ins of depositors money will likely occur due to the laws put into place to protect the banks. This means a depositor gets their money last in the event of a bank failure. Those banks which were bailed out by government in 2008, will be the most likely to be bailed-in with depositors money in a future banking crisis. The FDIC/FSLIC will guarantee the money (with limits) for individual bank failures, but will not and cannot protect depositors against a systemic failure. A robber may rob you with a gun, but the stock market, banks and financial institutions could rob you with a computer – in a nanosecond.


We didn’t see banking runs in the 2008 financial crisis scenario, but there were, nevertheless, runs on banks in 2008. The bank runs that occurred in 2008 are known as “Silent Bank Runs.” In a silent bank run, a depositor does not go physically to the bank and withdraw physical cash. These silent runs are electronic transactions through wire and other electronic fund transfers. During the 2008 financial crisis, the failure of Washington Mutual triggered a silent bank run on Wachovia Bank. Wachovia lost $5 billion in withdrawals due to a silent run on the bank over the weekend. Wachovia would not have been able to open for business on Monday due to the resulting liquidity problem created by the silent bank run. Through FDIC involvement, Wachovia was acquired by Wells Fargo and a bank failure which resulted from a drop in stock price was averted. Had the scale of the financial crisis in 2008 been broader, such an intervention might not have been possible. Most depositors of Wachovia were unaware of what happened. Having cash outside of the bank could have helped if a worst case scenario had occurred, still depositors were unaware until after the fact.


Questions to ask yourself should you decide to keep some cash at home:


How much? This is the next logical question if you decide to keep cash at home. $100 is probably enough for most families for a 3 day emergency fund. Perhaps keep a minimum of $100 for three days of needs. You can aim at $100 first and build up your fund from there. If you decide to keep cash at home, try to set aside $100 in cash as soon as possible. Think of this cash as insurance. There is a psychological component to adjust to in keeping cash at home, if you haven’t in the past. Be realistic, not paranoid. To develop emergency cash at home, pay yourself and your cash emergency fund first. Put your emergency money aside first and then keep it only for an emergency…not that big screen TV you liked, or the concert tickets you want. Forget about the money until it is actually needed for an emergency. The suggested amounts are aimed at an average family without significant extraordinary expenses, like expensive medical needs, etc. Whenever you receive income, consider putting 5%-10% at home, in cash faithfully until you reach your target. It will add up and soon you will have an emergency cash reserve. Everyone’s comfort zone is different and every targeted amount for an emergency fund will vary from one family to the next. There is no average, no norm, no minimum and no maximum. What you choose, want, and need are unique to you and your family. Create your own plan and work your plan.


Where? Where to consider hiding/storing your cash at home is the next logical concern. Assess the risks of your location. Most people don’t have a robust alarm system, but there are plenty of places in the home you could consider securing some cash. Cash can be stolen; it can burn; it can also rot. A banker would have you believe that a bank is the only safe place to keep cash. You must do your own due diligence and exercise your own judgment. Where will your banker be during a bank holiday? The average thief spends about ten(10) minutes in the burgled home. Some hiding places are safer and therefore better than others. There are internet videos and articles which can help you choose places and receptacles for your cash, papers and valuables. This article is mainly about deciding whether or not to keep cash and home, and not about the place, manner and method you may choose. Security is probably the greatest concern of most people. Security cameras which connect to your mobile phone are cheap these days. Do you have a robust alarm system: signs which say, “Smile, you’re on Camera” even if you don’t, or a large black dog? A large black dog is the most significant deterrent to burglary and home invasion. Consider how safe your home is and/or how safe you can make it.

Theft – An experienced burglar in your home most often targets the master bedroom, bathroom and home office for valuables. Kids rooms are often undisturbed by an invader. There are many tactics and receptacles for cash which may not attract the interest of a burglar. For this reason, diversion safes are popular. That said, there are certain popular containers which may be inherently unsafe. In considering a storage container, anything which can easily be picked up and removed is probably not the highest choice. Diversion safes are “hide in plain sight” receptacles and should be carefully scrutinized before deciding to use them. These are usually small safes which are designed to look like something else. Diversion safes usually appear to be something common place, and in general they are easy to open to access the contents. Their safety is in their deceptive commonplace appearance. Among these are cut outs in books, fake electric outlets, fake hollow lettuce you keep in your refrigerator, phony canned goods, etc. Consider that these items are known to experienced burglars. Also consider accidental discard of your safe by others who do not know the content. There was a man who kept a significant savings in a diversion safe soup can. Upon his hospitalization, well meaning and unknowing relatives donated all of his old canned food to a food bank. Poof! and his savings was gone. Unlike the heart warming stories we love to read, his savings was not returned by a good and honest Samaritan. When a burglar ransacks your dwelling, they are fast, and they aren’t careful or kind to your property. Burglars instantly clear all of the books off of your shelves and dump dresser and other drawers in seconds. Book diversion safes don’t normally survive this treatment and the book reveals its contents. Cash taped to the underside of a draw is similarly revealed. Pictures hanging on the wall are pushed aside so that a wall safe might be revealed. In an emergency, you may not be the target of an experienced burglar, but in such an emergency, your robber may be looking for food, drugs or alcohol, more than valuables, so forget hiding your cash in fake vegetables, or wrapped in foil in the freezer with a label which says, “scraps”. Think long term for your safe place, and if you choose a diversion safe, make sure you won’t be the victim of an accidental discard of the safe. Consider at least two locations for cash/valuables. It is fairly well known that if you have an actual safe, that it is best to have two safes. One easily found safe for burglars to raid or steal and a second, well-hidden safe where the bulk of your assets in the home are kept. Safe deposit boxes have restrictions on their use, and can only be accessed when the bank is open. A bank holiday would put your cash and assets out of your immediate reach. Your assets in the home aren’t just cash. Your assets at home are also your precious metals, jewellery and collectibles. You should also consider your passports and other important documents when choosing safe places in the home.

Fire – Home fires are tragic, and you don’t need a natural disaster or a financial system emergency to experience one. In considering your storage location, remember that heat rises. The greater the heat, the faster and more furious the draft. Places under the ground level floor, or closer to ground level may be safer than a room on an upper floor of your home. Gold and silver can survive the average home fire, but cash and documents generally don’t. The average house fire burns at a temperature of about 1,100 degrees Fahrenheit – not enough to destroy your precious metals. There are numerous receptacles available to help shield cash, jewellery, a flash drive with your banking info and important personal/business data, and important paper documents from a fire. These have varying ranges of success in protecting your home-kept cash/valuables, and a lot depends on their location and the time and exposure in a fire. Remember that most of these receptacles are not fire “proof”. Most are fire “resistant/retardant”. You can look for videos online to review the tests on such receptacles and be guided accordingly in your selection. Aviation fire containment bags might be a good choice, but most of them are larger than what would be needed for cash and they are usually swamp hollow (safety) orange in color. They are designed to be easily seen and they stand out like bright neon if seen. Read or watch some reviews. There are incidences where the paper/document storage bag or receptacle was undamaged, but the contents were destroyed. Research “fireproof bag” to examine available choices, see tests and read reviews.

Rot – Burying cash and other paper documents can make them susceptible to damage by moisture and rot. Rot could occur in a potted house plant as easily as it would in the garden. The containment bags/receptacles mentioned above usually prevent moisture and many are waterproof. Choose a place and a container in which rot would not be an issue, or mitigate the possibility with a waterproof container. In locations in a wall or under base woodwork or molding, or kick plate under your kitchen cabinets – doubled zip lock freezer bags would be sufficient to prevent moisture.


Do a risk/benefit analysis for yourself to decide if keeping cash at home is right for you. Nothing is 100% safe, and that includes the banking system. Do an analysis for your specific circumstances. Many people justly feel that keeping money in the banking system is playing financial roulette due to the potential for bank holidays from a market failure, other financial crisis or natural disaster in addition to the ominous potential for bank bail-ins of depositors money. What you believe and what you do will depend entirely on your comfort level. If you choose to keep some cash at home select a variety of bill denominations. Large denomination bills like $100 may be hard to use in an emergency and making change could be an issue. Select a wide variety of currency denominations $1, $5, $10, $20, etc. There is also a possibility that in a financial crisis, in order to slow the velocity of money (the rate at which money changes hands for goods and services) that a government will remove or recall large denomination notes. This was done in India in the past year and a half.

As the preparedness expression goes, “it is better to be a months too early than a second too late.
Imagine, what you would do right now, if your buying power was limited to the cash you had right at this moment. How would you do?



Posted at 10:27 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

Was this even photoshopped?












Bill Holter’s Commentary

…can you say coup? I believe there are penalties for sedition, I am adding rope to my list of commodities! On the other hand, maybe the Russians did it?

Feds Drop Bombshell: Comey & Lynch Colluded With Clinton Campaign To Entrap, Wiretap Trump; Illegal Scheme Involved Entire U.S. Intel Community
April 17, 2018

Loretta Lynch’s Justice Department and James Comey’s FBI worked together with the Hillary Clinton campaign to entrap Donald Trump and associates — including his eldest son — prior to the 2016 presidential election, according to records and testimony of federal law enforcement insiders.

One high ranking official in the Justice Department called it a sweeping “highly illegal” scheme to ensure Hillary Clinton’s election to the White House.

“This was clearly a scheme using Justice (Department) resources and State (Department) resources to get the Russian lawyer into the United States,” one Justice Department insider said. “Who has the power to do this? Only the people at the very top.”

Lynch. Comey. Andrew McCabe. Preet Bhahara. Sally Yates.

And according to high ranking FBI sources, the Bureau played a definitive role in plotting this sweeping privacy breach. But the FBI had much help from the NSA, CIA, the Office of of the Director of National Intelligence, Treasury financial crimes division under DHS, and the Justice Department, federal law enforcement sources confirmed.

John Brennan. James Clapper. Jeh Johnson.


Bill Holter’s Commentary

Sharks eating sharks and rats jumping off the ship…it’s about to get good!

Comey Calls McCabe A Liar, McCabe’s Attorney Fires Back
April 18, 2018

A massive battle is brewing between former FBI Director James Comey, and his deputy Andy McCabe – as first noted a few weeks ago by the Daily Caller’s Chuck Ross – over exactly who is lying about Comey knowing that McCabe had been leaking self-serving information to the Wall Street Journal.

Comey stopped by ABC’s The View to peddle his new book, A Higher Royalty Loyalty, where he called his former Deputy Andrew McCabe a liar, and admitted that he “ordered the report” which found McCabe guilty of leaking to the press and then lying under oath about it, several times.

Comey was asked by host Megan McCain how he thought the public was supposed to have “confidence” in the FBI amid revelations that McCabe lied about the leak.

“It’s not okay. The McCabe case illustrates what an organization committed to the truth looks like,” Comey said. “I ordered that investigation.”

Comey then appeared to try and frame McCabe as a “good person” despite all the lying.

“Good people lie. I think I’m a good person, where I have lied,” Comey said. “I still believe Andrew McCabe is a good person but the inspector general found he lied,” noting that there are “severe consequences” within the DOJ for doing so.


Jim Sinclair’s Commentary

Well now who is who is left? This man left the greatest of lives to do the best for himself of course, but also for other likeminded people. The opposition avowed to block him not matter how many years or occupations (plus reputations) had to be sacrificed. The problem is that at this time the government as a whole does not have any wiggle room, in which to only block legislation and programs.

That pervasive attitude is so self-defeating for all.

This picture, not even recently taken, does in fact communicate clearly what this well intentioned man has done to himself His good intention has ruined him, his physical condition is his business after he leaves.

I understand his pain.







Report: Trump Bashed at Meeting of Evangelical Leaders, Some Attendees Walked Out
April 19, 2018

President Trump was reportedly bashed at an invite-only meeting of evangelical leaders, and some attendees are said to have walked out.

The purpose of the meeting at Wheaton College (Ill.) was to discuss the evangelical movement, but quickly switched to bashing the president, with many concerned that the movement is too closely linked to Trump.

Jenna Browder, host of “Faith Nation” on the Christian Broadcasting Network said Thursday on “Fox & Friends” that some people actually walked out of the meeting when it turned political.

“It was supposed to be a meeting about evangelism and faith. … They really didn’t realize what they were getting into,” she explained.

Her co-host, David Brody, added that the two-day meeting started off as “one-sided venting” and some faith leaders left before the second day.


Posted at 10:16 AM (CST) by & filed under Jim's Mailbox.

Comey gets smoked by his own partisan snowflakes? We hope he sells enough books to provide a vigorous defense because the pokey can be a cruel place! By the way, in case you snoozed for a moment, NONE OF THIS WAS SUPPOSED TO EVER HAPPEN!!!  2018…the year truth matters!


Something you should view.



Right on point to last Saturday’s podcast.





Russia Threatens To Halt Critical Rocket Engine Exports To The U.S.
April 18, 2018

Despite earlier reported hopes that Putin seeks a deal with Trump, as opposed to escalating tensions, it appears Russia is planniong to do just that.

Last Friday (the 13th), just before the US, UK and France launched 105 Tomahawk missiles at Syria, we noted  that as part of Russian countermeasures against US sanctions, it could halt titanium exports to the US, critical for the production of Boeing airplanes, which promptly sent Boeing’s stock lower.

As it turns out Russia has leverage not only over the biggest US exporter of airplanes and military equipment:  what piqued our interest, is the United States Department of Defense (DoD) dependency on Russian-manufactured rocket engines to launch military satellites into low Earth orbit (LEO).

Pentagon officials have previously stated their space programs will not migrate to American-built rocket engines until at least 2024, with some analysts forecasting the reliance on Russian-made parts through 2028, the Wall Street Journal reported.

“Despite bipartisan demands from Congress to quickly phase out the RD-180 engines on national-security grounds, it is proving harder than many lawmakers expected to secure an equally reliable domestic replacement. Government and industry officials said United Launch Alliance, the Pentagon’s primary rocket provider, likely will continue flying some 1990s-vintage Atlas V boosters with Russian-built engines through 2024 or 2025.”



Courtesy of JB.


Criminal Referral Issued For Comey, Clinton, Lynch And McCabe; Rosenstein Recusal Demanded
April 19, 2018

Eleven GOP members of Congress led by Rep. Ron DeSantis (R-FL) have written a letter to Attorney General Jeff Sessions, Attorney John Huber, and FBI Director Christopher Wray – asking them to investigate former FBI Director James Comey, Hillary Clinton and others – including FBI lovebirds Peter Strzok and Lisa Page, for a laundry list of potential crimes surrounding the 2016 U.S. presidential election.








Recall that Sessions paired special prosecutor John Huber with DOJ Inspector General Michael Horowitz – falling short of a second Special Counsel, but empowering Horowitz to fully investigate allegations of FBI FISA abuse with subpoena power and other methods he was formerly unable to utilize.









Photo: Conservative Treehouse



The dollar is our currency, but it’s your problem…and now?


IMF Sounds The Alarm On Global Debt, Warns “United States Stands Out”
April 18, 2018

Exactly one year ago, in its Global Financial Stability report, the IMF issued a stark warning when looking at the soaring level of private sector debt: it found that more than 20% of US corporations are at risk of defaults once interest rates rise, and calculated that the combined assets of firms threatened by default – those who earnings do not cover their interest expense – could reach almost $4 trillion.











Fast forward exactly one year to today, when the IMF once again sounded the alarm on debt, only this time on the public side of the ledger, warning about – what else – excessive global borrowing, and noting that with a total of $164 trillion of debt, or 225% of global debt to GDP…


























CIGA Werner sends us some very ugly math …but don’t worry, it’s only math!


More Absolutely Crazy Pension News
April 15, 2018

“War” and “pensions” are conceptually about as different as it’s possible to be. But – in a measure of how far into Crazy Town we’ve wandered – they’re both taking the world in the same direction.

If a Middle East (or Asian!) war doesn’t spike oil prices and push the global economy into recession, then pensions will probably produce the same end result. Here’s an excerpt from a much longer New York Times article that should be read in its entirety for a sense of what public finance has become:

A $76,000 Monthly Pension: Why States and Cities Are Short on Cash

A public university president in Oregon gives new meaning to the idea of a pensioner.

Joseph Robertson, an eye surgeon who retired as head of the Oregon Health & Science University last fall, receives the state’s largest government pension.

It is $76,111.

Per month.

That is considerably more than the average Oregon family earns in a year.

Oregon — like many other states and cities, including New Jersey, Kentucky and Connecticut — is caught in a fiscal squeeze of its own making. Its economy is growing, but the cost of its state-run pension system is growing faster. More government workers are retiring, including more than 2,000, like Dr. Robertson, who get pensions exceeding $100,000 a year.



Who makes the law in the US? As a lawyer I am disgusted by these politically deviant people!


New York Attorney General Plots Legal Move To Let Him Prosecute Any Pardoned Trump Aides In State Courts
April 18, 2018

New York’s attorney general on Wednesday asked Governor Andrew Cuomo and state legislators to give him and other local prosecutors power to bring criminal charges against people pardoned by President Donald Trump.

In a letter, Attorney General Eric Schneiderman urged Cuomo and legislative leaders to close a loophole in New York’s double jeopardy law shielding recipients of presidential pardons from state prosecution.

A change could make it more difficult for Trump associates or others who might be pardoned to escape criminal prosecution, even if special counsel Robert Mueller’s probe into possible Russian interference in the 2016 presidential election were curbed or shut down.

The president has no constitutional power to pardon state crimes, but Schneiderman said the current law means defendants pardoned for serious federal crimes could be freed from ‘all accountability’ under state criminal law.



US Ambassador to UN Lives in Her Fantasy World Yes she does!


US Ambassador to UN Lives in Her Fantasy World
April 18, 2018

Washington appears to believe that if one wishes something strongly, it will come true. That’s what makes it harp on the same string, telling the world stories about Russia’s “isolation”. US Ambassador to the United Nations, Nikki Haley, did her best to portray Russia as an ostracized state after the UN Security Council did not support the Moscow-submitted draft resolution on Syria on April 15. 8 countries out of 15 voted no, four abstained and three supported the document. “They don’t have very good friends,” she said happy about the fact that Kazakhstan abstained. “The friends that they do have are causing them harm,” she added. Was there any reason to say so?

The resolution was backed by Russia, Bolivia and China, the economic giant with huge global influence.

China as well as Russia is a member of BRICS – a group of five leading nations coordinating their activities and implementing joint projects. The group will hold a summit in July.

Kazakhstan is Russia’s CSTO ally and EAEU partner. It’s not a member of NATO or the EU. The country hosts the Astana peace process and traditionally plays the role of mediator. It did so again to go between the West and Russia. Its vote was not decisive anyway. But in his speech, the Kazakhstan UN ambassador stressed that his country is frustrated by the use of force in Syria. According to him, there was no approval of the April 13 air strikes by the UN Security Council to make the action unjustified.



We are living in an age of war profiteers. That is why we have one party in the USA, the War party.


Crimes of a Monster: Your Tax Dollars at Work
April 19, 2018

. . .

Yet as Ron Paul observed, “The Founding Fathers never intended a nation where citizens would pay nearly half of everything they earn to the government.”

. . .

Unfortunately, this monster—this hundred-headed gorgon that is the U.S. government and its long line of political puppets (Donald Trump and before him Obama, Bush, Clinton, etc.), who dance to the tune of the military industrial complex—is being funded by you and me.



JB brings us some real world truth and sadly this is exactly what the upcoming generation is demanding!


This explains why Socialism won’t work, and always fails.

Is this man a genius?

An economics professor at a local college made a statement that he had never failed a single student before, but had recently failed an entire class. That class had insisted that socialism worked and that no one would be poor and no one would be rich, a great equalizer.

The professor then said, “OK, we will have an experiment in this class on this plan”. All grades will be averaged and everyone will receive the same grade so no one will fail and no one will receive an A… (substituting grades for dollars – something closer to home and more readily understood by all).

After the first test, the grades were averaged and everyone got a B. The students who studied hard were upset and the students who studied little were happy. As the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too so they studied little.

The second test average was a D! No one was happy. When the 3rd test rolled around, the average was an F.

As the tests proceeded, the scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else.

To their great surprise, ALL FAILED and the professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great, but when government takes all the reward away, no one will try or want to succeed.

These are possibly the 5 best sentences you’ll ever read and all applicable to this experiment:

  1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.
  2. What one person receives without working for, another person must work for without receiving.
  3. The government cannot give to anybody anything that the government does not first take from somebody else.
  4. You cannot multiply wealth by dividing it!
  5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.


…we suggested you read up on who Judy Shelton is right after the election. She fully understands gold!




Should have, could have, would have.

One must look at both sides of the picture.

“One analyst was surprised that spot gold didn’t push higher above its $1,365 an ounce peak a few weeks ago, given heightened geopolitical risks and the prospect of a trade war still looming on investors’ minds.”

Yes, gold didn’t break upside resistance.  But that’s no surprise considering how the Fed would do anything to cap its rise.  That is common knowledge.

What IS surprising is the resilience of gold during the downdrafts.  In other words, when the Dollar rallies or rates climb higher, gold dips a bit then rallies back upward.  That…is noteworthy!

There appears to be a scramble for the Real McCoy.

CIGA Wolfgang Rech

Gold Should Have Rallied Stronger – Mitsubishi Corp. (Part 1)
April 19, 2018

One analyst was surprised that spot gold didn’t push higher above its $1,365 an ounce peak a few weeks ago, given heightened geopolitical risks and the prospect of a trade war still looming on investors’ minds.

Gold rallied in early April, testing $1,360 an ounce, which is a key resistance level for many analysts, but lost momentum shortly after.

“We were surprised that gold didn’t rally a bit stronger, given all the geopolitical uncertainty surrounding Syria, Russia, on top of all the concerns about trade wars with China,” Jonathan Butler, precious metals strategist at Mitsubishi Corporation, told Kitco News on the sidelines of the IPMI Precious Metals Mobility Symposium. “In all of these times, gold can act as a safe haven.”



It is not if, but only when. The 35 year chart is simply smoking, indicative of a spectacular move. The

motivation technically is silver is shorted beyond your wildest imagination.

Buy the hammer that looks like fishing lines. You will get your rhino horns for some selling.

Courtesy of JB.


Is This The Long-Awaited Silver Short Squeeze?
April 19, 2018

Authored by John Rubino via,

Silver’s popping this week…

Which is what people following the futures market action have been expecting for several months now.Speculators – usually wrong at big turning points and almost always at least slightly net long silver – have suddenly gone net short.

This is almost unprecedented, and implies that a short squeeze – in which speculators are forced to cover their short bets by buying silver futures, thus forcing the price sharply higher – is a real possibility.

What does this mean going forward? Based on the extremes in the paper market the incipient short squeeze has a little longer to run. The next COT report comes out on Friday and will show where the speculators were on Tuesday. We can infer from today’s action that since Tuesday they will have closed a lot of shorts, which means we’ll have to wait for the following Friday’s report to know how many.


Posted at 11:30 AM (CST) by & filed under Jim's Mailbox.

I am not left or right and not a Trump fan, but they have him painted in to a corner and he has no way out. Dead man walking in way over his head?

She was President Bill Clinton’s pick for Attorney General in 1993.


5 Fast Facts About Judge Kimba Wood
April 17, 2018

Federal Judge Kimba Wood will be overseeing the court case against President Donald Trump’s personal lawyer, Michael Cohen. Here are five facts about Judge Wood – and why Trump should be very worried.

  1. She was President Bill Clinton’s pick for Attorney General in 1993

President Bill Clinton nominated Wood to become the first female Attorney General. In fact, Wood was hand-picked by Hillary Clinton, who had been asked to submit a list of possible nominees for her husband’s consideration. However, Wood withdrew from the nomination after the White House learned about her brief time as a Playboy Bunny – and that she employed an illegal alien as a nanny. Further, Wood actually helped the nanny to illegally remain in the country by paying taxes for her.

  1. She trained as a Playboy Bunny

The daughter of a U.S. Army career officer and speechwriter, Wood spent much of her childhood and young adulthood in Europe. While studying at the London School of Economics in the 1960s, she trained for a few days as a croupier at a Playboy Bunny casino, but quit because “she thought the gig was silly.” Nevertheless, the job would haunt her in her later career and played a role in costing her the position of Attorney General.

  1. She had an extramarital affair that earned her the nickname the “Love Judge”

Wood might be a judge, but her personal past indicates that her moral scruples are lacking. In 1995 at the age of 51, Wood began an affair with married multimillionaire Wall Street financier Frank Richardson. The affair was uncovered by Richardson’s wife when she found passionate passages written about Wood in Richardson’s diary. The tryst earned Wood the nickname the “Love Judge” during Richardson’s divorce trial. Wood married Richardson in 1999.



How dare the little people wake up.


Poll: 77% Say Media Reports ‘Fake News’
April 06, 2018

Those believing that the media reports “fake news” has surged in the past year to more than three out of four Americans.

According to the latest Monmouth University poll, 77 percent believe the media at least occasionally engages in reporting fake news, and they blame those trying to plant false stories as well as editors.

That is sharply up from the 63 percent who believed it a year ago.

And 42 percent said that the “traditional news media” makes up news “in order to push an agenda.”

Only 21 percent do not believe that the media, TV and newspapers, “report fake news stories,” said Monmouth.

How dare the little people wake up.


Poll: 77% say media reports ‘fake news’

April 06, 2018

Those believing that the media reports “fake news” has surged in the past year to more than three out of four Americans.

According to the latest Monmouth University poll, 77 percent believe the media at least occasionally engages in reporting fake news, and they blame those trying to plant false stories as well as editors.

That is sharply up from the 63 percent who believed it a year ago.

And 42 percent said that the “traditional news media” makes up news “in order to push an agenda.”

Only 21 percent do not believe that the media, TV and newspapers, “report fake news stories,” said Monmouth.




This will soon be just another “conspiracy fact”…but a HUGE ONE!




A bit difficult to understand, but in my eyes, it appears that the Comex is already in default if they have to resort to EFPs.

CIGA Wolfgang Rech

COMEX Exchanges For Physical
April 18, 2018

COMEX Exchanges For Physical

Written by Craig Hemke, Sprott Money News

Very few people understand—or even know of—the opaque COMEX–>LBMA process known as “Exchange Futures For Physical”. Even the term is misleading, as there’s clearly nothing “physical” about it.

The first thing you need to understand is that this is NOT a new phenomenon. EFPs have been utilized within the derivative pricing scheme for years. In fact, one of the best articles/explanation for the process was written all the way back in 2009. You can read it here:…

Below is a key excerpt:




Last week, Dutch money manager Gijsbert Groenewegen added some additional background and an update to the current situation. You can read his work here:…


Posted at 10:20 AM (CST) by & filed under Jim's Mailbox.

Week after week we tell listeners this.


“They Know What’s Going To Happen” Governments And Big Banks Are Stockpiling Gold Ahead Of Massive Economic Collapse
April 15, 2018

. . .

According to Keith Neumeyer, the CEO of the world’s top primary silver producer First Majestic Silver and chairman of First Mining Gold, the cartels he’s previously reported to the CFTC have continued to manipulate the prices of precious metals while loading up their own vaults with gold and silver.

. . .

5,000 years of history for the single most reliable monetary asset class of last resort has already given us the answer.



Nothing to worry about…go back to sleep.


Russian Reinforcements Head For Syria: Warships Laden With Tanks, Military Trucks And Armoured Patrol Boats Sail Towards The Middle East As The World Awaits Putin’s Response To Airstrikes
April 16, 2018

Two Russian warships laden with military vehicles have been spotted en route to Syria after Friday’s US-led airstrikes obliterated three suspected chemical weapons sites.

An Alligator-landing ship was pictured cruising down The Bosphorus on Sunday as the world awaits Vladimir Putin’s response to this week’s co-ordinated military action against Syria.

The vessel was spotted on its way to the Russian naval base at Tartus on the north Syrian coast.

On its fourth deployment of Russian military equipment to the war-torn country the ship was seen laden with tanks, trucks, ambulances and an IED radar.

A yellow RoRo Alexandr Tkachenko was also pictured heading for Tartus carrying high-speed patrol boats, a temporary bridge structure and several trucks. The images were posted on social media by Bosphorus-based naval observer Yörük Işık.

They come in wake of Friday’s US-led campaign against Bashar al-Assad’s regime and a chemical weapons attack that brutally murdered 75 civillians.



All we have to do is open our eyes.


I Am A Syrian Living in Syria: “It was Never a Revolution nor a Civil War. The Terrorists are sent by your Government”
April 15, 2018

Among Global Research’s most popular articles in 2016 and 2017 by Mark Taliano author of Voices from Syria, 2017. Click link to order directly from Global Research

Two years ago, “Majd” wrote these words on a Facebook posting:

” I am Syrian… living in Syria in the middle of everything. We have seen horrors. It was never a revolution nor a civil war. The terrorists are sent by your goverment. They are al Qaeda Jabhat al Nusra Wahhabi Salafists Talibans etc and the extremist jihadists sent by the West, the Saudis, Qatar and Turkey. Your Obama and whoever is behind him or above him are supporting al Qaeda and leading a proxy war on my country.

We thought you are against al Qaeda and now you support them.

The majority here loves Assad. He has never committed a crime against his own people… The chemical attack was staged by the terrorists helped by the USA and the UK,  etc. Everyone knows that here.

American soldiers and people should not be supporting barbarian al Qaeda terrorists who are killing Christians, Muslims in my country and everyone.

Every massacre is committed by them. We were all happy in Syria: we had free school and university education available for everyone, free healthcare, no GMO, no fluoride, no chemtrails, no Rothschild IMF- controlled bank, state owned central bank which gives 11% interest, we are self-sufficient and have no foreign debt to any country or bank.


Posted at 10:10 AM (CST) by & filed under In The News.

Bill Holter’s Commentary


Parents Defend Vigilantism Against Man Under Investigation For Child Luring
April 13, 2018

Warning: The details of this story and coarse language references may be disturbing to some readers.

Vancouver Island parents say they believe they were doing the right thing when they tackled and restrained a man they allege was in their Port Alberni home to have sex with their underage daughter.

RCMP officers responded to a call about a disturbance at a residence in the 3600-block of Bruce Street shortly before 12:30 p.m. Thursday.

The screenshot from a Facebook Live video shows a man tied up in a Port Alberni, B.C. home on Thursday, April 12, 2018.

Mounties arrived to find a 28-year-old man who’s being investigated for child luring had been restrained “as a result of vigilante actions.”

The incident was captured in a Facebook Live video moments after it happened.


Bill Holter’s Commentary

If true, this “Syrian” chemical weapons lab has quite the pedigree, don’t you think?

What the Hell is This? Syrian Chemical Weapons Lab Bombed. Check Out the Board of Directors.
April 16, 2018


Bill Holter’s Commentary

While I am not an Alex Jones fan, I am a HUGE FAN of “discovery”…let the discovery process begin and dig up whatever the truth is!

Sandy Hook Parents Hit Alex Jones With Defamation Lawsuits
April 17, 2018

Alex Jones has spent years claiming the massacre at Sandy Hook Elementary School ― where a shooter killed 20 small children and six adults ― was faked. He has claimed the parents of these dead children are liars and “crisis actors.”

Now, those parents are coming after him.

In a pair of lawsuits filed late Monday, the parents of two children who died in the December 2012 shooting in Newtown, Connecticut, say Jones’ repeated lies and conspiratorial ravings have led to death threats. The suits join at least two other recent cases accusing the Infowars host of defamation.

I lost my son. I buried my son. I held my son with a bullet hole through his head.

Neil Heslin, father of a 6-year-old boy killed during the Sandy Hook shooting.

Neil Heslin, the father of a 6-year-old boy killed in the shooting, and Leonard Pozner and Veronique De La Rosa, who lost their own little boy, filed the suits in Austin, Texas, where Jones’ conspiracy-minded media outlet is based. Each suit is seeking more than $1 million in damages from Jones, Infowars and a related company, Free Speech Systems LLC. Infowars reporter Owen Shroyer is also named in one of the suits.


Posted at 5:44 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

Nothing of importance here so don’t worry…in Forbes no less!

These Ex-Spies Are Harvesting Facebook Photos For A Massive Facial Recognition Database
April 16, 2018

Building on Wednesday April 11, 2018 in Washington, DC. He wasn’t pushed on surveillance companies operating on the platform. (Photo by Matt McClain/The Washington Post via Getty Images)

When Mark Zuckerberg appeared before the House Energy and Commerce Committee last week in the aftermath of the Cambridge Analytica revelations, he tried to describe the difference between “surveillance and what we do.” “The difference is extremely clear,” a nervous-looking Zuckerberg said. “On Facebook, you have control over your information… the information we collect you can choose to have us not collect.”

But not a single member of the committee pushed the billionaire CEO about surveillance companies who exploit the data on Facebook for profit. Forbes has uncovered one case that might shock them: over the last five years a secretive surveillance company founded by a former Israeli intelligence officer has been quietly building a massive facial recognition database consisting of faces acquired from the giant social network, YouTube and countless other websites. Privacy activists are suitably alarmed.

That database forms the core of a facial recognition service called Face-Int, now owned by Israeli vendor Verint after it snapped up the product’s creator, little-known surveillance company Terrogence, in 2017. Both Verint and Terrogence have long been vendors for the U.S. government, providing bleeding-edge spy tech to the NSA, the U.S. Navy and countless other intelligence and security agencies.


Chris Farrell: The level of FBI and DOJ Corruption is Staggering
April 16, 2018


Posted at 11:11 AM (CST) by & filed under Jim's Mailbox.


YouTube is so bad they took down a JSMineset recording for SUBSCRIBERS! YouTube censorship is not fake news, we know their agenda first hand…


MRC’s Brent Bozell: Tech Companies Must Stop Silencing Conservatives
April 16, 2018

RESTON, VA – The Media Research Center (MRC) released an extensive report Monday

documenting the censorship of conservative voices by Facebook, Twitter, YouTube and Google.

The release of this report follows Facebook CEO Mark Zuckerberg’s congressional testimony

last week where he was questioned about the growing concern that Facebook engages in

political bias and censorship.

CENSORED! How Online Media Companies Are Suppressing Conservative Speech details

the overwhelming liberal bias within these tech giants and how it influences the way they flag

and remove content, rank search results, curate trending news, and select outside fact-checkers

to combat “fake news.” For more, go to

Here are some of the key findings of the report:

Twitter Leads in Censorship: Project Veritas caught Twitter staffers bragging about

censoring conservatives through deceptive techniques like “shadow banning.” In 2016,

Twitter was exposed for attempting to manipulate election-related tweets by limiting use

of hashtags “#PodestaEmails” and “#DNCLeak.”



An important point that seems to have gotten lost in the media propaganda offensive is that only 3 locations were targeted and hit.


About Those ‘Nice, New, Smart’ Missiles And The ‘Chemical Weapons’ Sites in Syria
April 15, 2018

. . .

The Russians have an answer. According to their radar data on the event, 6 other airbases and airports were also targeted. Why didn’t the Pentagon include those in its report on the strikes?

Duwali Airbase – 4 missiles fired, 4 shot down

Dumayr Airbase – 12 missiles fired, 12 shot down

Baley Airbase – 18 missiles fired, 18 shot down

Shayrat Airbase – 12 missiles fired, 12 shot down

Marj Ruhayyil Airbase – 18 missiles fired, 18 shot down

Damascus International Airport – 4 missiles fired, 4 shot down



Courtesy of Dave.


Alas, This Is Far From Over!
April 15, 2018

Let’s begin by a short summary of events.

About a month ago Nikki Haley announces to the UNSC that the USA is ready to violate the rules of this very self-same UNSC should a chemical attack happen in Syria

Then the Russians announced that they have evidence that a chemical false flag is being prepared in Syria

Then a chemical attack (supposedly) takes place (in a location surrounded and, basically, controlled by government forces!)

The OPWC sends investigators (in spite of western powers loudly proclaiming that no investigation was needed)

The AngloZionists then bomb Syria

Next, the UNSC refuses to condemn the violation of its own rules and decisions

Finally, the US Americans speak of a ‘perfect strike’

Now tell me – do you get a sense that this is over?

If you tell me that 32/103 is hardly perfect, I will reply that you are missing the point.  In fact, if anything, 32/103 is further incentive to bomb again!


A great reminder for some of us and a warning to the rest…


Quotes worth remembering.

A lie told once remains a lie but a lie told a thousand times becomes the truth

If you repeat a lie often enough, people will believe it, and you will even come to believe it yourself”

Propaganda works best when those who are being manipulated
are confident they are acting on their own free will

This is the secret of propaganda: Those who are to be persuaded by it should be completely immersed in the ideas of the propaganda, without ever noticing that they are being immersed in it

Joseph Goebbels