Posted at 2:29 PM (CST) by & filed under USAWatchdog.com.

July 22, 2018

By Greg Hunter’s USAWatchdog.com (Early Sunday Release)

Financial and precious metals expert Egon von Greyerz (EvG) vaults gold for clients at two secret locations on two continents. He says his wealthy clients have at least 20% of their net worth in physical gold and silver. Some have much more. Why so much physical metal? EvG says it is because of record risk in the world today. EvG explains, “There is only ½% of all world financial assets held in physical gold. So, this is a very small group, but it is still a lot of money. Of course, the majority doesn’t believe this because if they did, all the other markets would collapse. The particular people that are concerned about risk that we deal with, and they are not concerned in a minor way . . . look at all the asset classes, whether you take the stock markets, bond markets or property markets, they are all in the most massive bubbles fueled by exponential growth in credit. Global credit has tripled since 1999 to today. Global debt went from $80 trillion to $240 trillion. When debt triples, it doesn’t mean that risk triples. Risk goes up exponentially. Then you add to that all the off-balance sheet items and unfunded liabilities. The derivatives are at least $1.5 quadrillion. . . . Officially, it is reported $600 billion, but it is probably $1.5 quadrillion. . . . So, you are talking about risk that no one understands, and no one can measure. Most of it is in paper or air, if you will. It’s like a balloon, and when you pop that balloon, you will find it is mostly air. This means asset values will implode, and so will debt.”

More…

Posted at 1:00 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

Now all Clive needs to do is realize rigged markets and he’ll be up to speed!

Clive Maund On Trump, The Deep State, The MSM And The World
July 21, 2018

Is Clive slowly becoming aware of the rigged markets? After all, he understand the shenanigans the Deep State does against Trump. Here’s more…

by Clive Maund via GoldSeek

I watched Trump’s press conference in full following his meeting with Russian President Vladimir Putin in Helsinki. To me, Trump sounded positive and perfectly reasonable, and his behavior at this time was actually Statesmanlike. Here is a link to the full press briefing including an English translation of what Mr Putin said. It is worth watching this in full if you haven’t already, as shortened versions are likely to be selectively edited.

Of course it was to be expected that the gangsters who now run the United States but don’t entirely control Trump would react in a hostile manner to Trump’s remarks, but even I was a little taken aback by their rabid apoplexy. The mainstream media, which they totally control, went into full attack mode on Trump.Whilst the majority of normal and balanced people would doubtless like to see a state of peace and concord between Russia and the United States, that is not what the Military Industrial complex and the Neocons want – they want Russia as an adversary, because they need a bogeyman, an enemy, so that they can continue to drain the blood and treasure of the American people into their coffers. It has been estimated that a Military budget of $200 billion per year would be more than adequate to defend the Homeland of the United States against any and all who might try to threaten or overrun it militarily. However the Military and the Pentagon bleeds the American taxpayer to the tune of $800 billion per year – $600 billion in excess of what is required to get the job done – so it’s no wonder that the American middle class is feeling drained and exhausted, and the infrastructure of the country crumbles as defense contractors live “high on the hog”. Furthermore, much of this budget is wasted on inefficient projects like the vastly expensive F-35 fighter, whose real purpose is to funnel money into the pockets of all involved in it.

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Bill Holter’s Commentary

Now it’s every man for himself!

G-20 Communique Removes Pledge To Refrain From Competitive Devaluation
July 22, 2018

The global currency war just got an official blessing.

While this weekend’s G-20 meeting in Argentina will not be a repeat of the diplomatic calamity that was Canada’s recent G-7 meeting, which concluded in disarray after Trump refused to endorse the joint statement, with US Treasury Steven Mnuchin expected to sign the final communique, a key omission in the final draft may have far greater consequences for the world than the theatrical Quebec fiasco, because as Bloomberg reports, pledges made by G-20 member nations in their March statement to refrain from competitive devaluations were removed from the draft statement.

Canadian Finance Minister Bill Morneau told Bloomberg that the issue – arguably the single most important economic development in the context of the ongoing trade and currency war between the US and China – didn’t come up on Saturday, which effectively greenlights further devaluations in the coming weeks and months as countries respond to the threat of global slowdown as a result of rising tariffs.

And speaking of the economy, the draft Group of 20 statement notes that “global economic growth is less synchronized and faces increasing threats, including from trade tensions” adding that “downside risks over the short and medium term have increased.” A final version of the statement will be published later on Sunday.

Other economic risks cited include “rising financial vulnerabilities, heightened trade and geopolitical tensions, global imbalances, inequality” which is also a change from the G-20’s March statement which didn’t exclusively mention trade tensions.

The IMF also warned that the recent wave of trade tariffs would significantly harm global growth.

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Bill Holter’s Commentary

Thank you Mr. Clapper!  We pretty much knew this already but now ask where is the independent counsel?  Highly illegal in case you were wondering …and went ALL THE WAY TO THE TOP!

Clapper: Obama Was Behind The Whole Thing
July 22, 2018

Former Director of National Intelligence (DNI) James Clapper admitted in a CNN interview Saturday that former President Obama instigated the ongoing investigations into Donald Trump and those in his orbit.

Speaking with CNN’s Anderson Cooper, Clapper let slip:

If it weren’t for President Obama we might not have done the intelligence community assessment that we did that set up a whole sequence of events which are still unfolding today including Special Counsel Mueller’s investigation. President Obama is responsible for that. It was he who tasked us to do that intelligence community assessment in the first place.

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Posted at 7:46 AM (CST) by & filed under Jim's Mailbox.

Courtesy of Dave.

Jim

Russia Releases Video Of Six New Super Weapons After Trump Summit
July 20, 2018

On Thursday, the same day that Putin warned that any country looking to try and include Ukraine or Georgia in the NATO sphere of influence “should think of the possible consequences of this irresponsible policy” because Russia would “respond in kind to any aggressive steps that directly threaten Russian,” the Russian Defense Ministry for the first time published a video showing the final assembly line of the new Burevestnik nuclear-powered cruise missiles.

The professionally produced footage came in a series of newly published social media videos that Russia’s Defense Ministry saysshows advanced armaments which were first unveiled by President Vladimir Putin back in March.

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Screenshot of the new Burevestnik nuclear-powered cruise missiles coming off the assembly line. Image source: Russian Defense Ministry via Defence Blog

The footage shows new tests and development facilities, as well as provides an understanding of the development process of what US military officials have admitted is a highly sophisticated weapon system easily capable of reaching North America.

The online military magazine Defense Blog notes that “Russia’s next-generation nuclear-powered cruise missiles are capable of hitting targets throughout the United States” and cites Russia’s Defense Ministry as boasting that the missiles have “unlimited range and unlimited ability to maneuver” and are set for flight tests imminently.

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Israel Evacuates 800 White Helmets From Syria To Jordan
July 22, 2018

Israel has evacuated some 800 members of the controversial Western-backed White Helmets from Syria to Jordan to be resettled later in the UK, Canada, and Germany, according to statements from Tel Aviv and Amman.

Emmanuel Nahshon, a Foreign Ministry spokesman, had confirmed on Twitter that “Israel has completed a humanitarian effort to rescue members of a Syrian civil organization (“the White Helmets”) and [their] families.” He chose not to disclose further details, adding only that the evacuees have been brought “to a neighboring country.”

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Truth bomb from Italy! Dave

Ukraine Furious After Italy’s Salvini Calls 2014 Revolution “Fake” And “Foreign-Funded”
July 21, 2018

Ukraine has summoned the Italian Ambassador to Ukraine Davide La Cecilia over a statement made by the Interior Minister of Italy Matteo Salvini (whose League political party is now the most popular in Italy) on his recognition of the annexation of Crimea by Russia and his slamming the 2014 Euromaidan protests and coup in Kiev as “pseudo-revolution” sponsored from abroad.

“We are responding. On Monday, we will meet with the Italian ambassador. He is a very nice person. I understand that he cannot be responsible for the words of their politicians, especially given that that one politician went to Crimea and just returned from Moscow, where, according to our information, he met with Putin,” Olena Zerkal, Ukrainian Deputy Foreign Minister, told the local Channel 5 on Friday.”

Ukraine was infuriated by Salvini’s comments made during his interview with the Washington Post, published earlier this week. WaPo senior associate editor Lally Weymouth tried to grill the minister over his support for Crimea’s return to Russia, calling the referendum that took place in Crimea in 2014 “fake.”

Q. You said that Russia had a right to annex Crimea?

A. There was a referendum.

Q. It was a fake referendum.

A. [That is your] point of view. . . . There was a referendum, and 90 percent of the people voted for the return of Crimea to the Russian Federation.

Salvini shot back, saying “compare it to the fake revolution in Ukraine, which was a pseudo-revolution funded by foreign powers – similar to the Arab Spring revolutions” adding that “There are some historically Russian zones with Russian culture and traditions which legitimately belong to the Russian Federation.”

Ukraine’s Foreign Ministry angrily responded that Salvini words were “not grounded in real facts and in contradiction of recognized principles and norms of international law.”

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Jim has warned us about this.

Dave

In U.S., Sometimes CIA Eat You
July 20, 2018

The First U.S. Civil War is here. The real Civil War.

The one between We the People and the Government itself.

The U.S. Civil War fought by Lincoln is badly mis-named. Rightly considered it was a war to prevent independence of the South from the united States (not a mistake in capitalization). The South seceded.

Just like the Donbass today fights to fend off a Ukrainian army from eradication of ethnic Russians. Just like the colonists did against King George III.

Argue the legality of secession all you want, ultimately people have the sovereign right to determine the course of their own destiny. Ultimately, they can simply just say, “No.”

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Courtesy of Dave.

Jim

America The Insolvent
July 20, 2018

Watching the world these days, I’m experiencing the same fury that rises up from my gut when the driver in the car ahead me is weaving drunkenly, endangering everyone on the road.

Fury is a normal and rational human response when threatened with unnecessary harm. Women who are groped (or worse) by a disgusting predator like Harvey Weinstein, pensioners whose funds are stolen by Wall Street shysters, everyone who is being fleeced by corporations in search of a few extra dollars this quarter — all have the right to be infuriated.

It’s been especially hard of late for those of us who are “reality”-based; who value data, fundamentals and historical context.

I earn my living by reading, analyzing and making sense of the world, and then working to help orient people’s actions to align with both the current reality and future probabilities. But that’s become pretty damn difficult in a world where the financial markets are rigged and the main news outlets are unwilling (unable?) to cover the real issues, preferring instead to focus on distractions that mainly serve to keep us isolated and divided.

The trajectory our global society is on will not end well, and that infuraties me. And the fact that most of the coming suffering is unnecessary if only we’d make better choices — that really pisses me off.

More…

Russia’s Defense Tests and Development Program Fire the Imagination
July 22, 2018

There’s a first time for everything. The Russian Avangard was the first hypersonic boost-glide vehicle to have passed its development stage and gone into production. The news was announced by Deputy Commander of the Strategic Missile Forces Major General Sergey Poroskun on July 19. The 13th missile regiment, deployed near the town of Dombarovka in the Orenburg region (southern Russia), will be the first unit armed with the new weapon. The regiment’s infrastructure is ready to receive it. According to Deputy Defense Minister Yury Borisov, the system is to be fully operational by 2020.

The pace of the weapon’s development takes one’s breath away. Few people knew about the Avangard’s existence just a few months ago, yet after a series of successful tests the vehicle has already reached the production phase!

No other country is yet able to produce hypersonic weapons — only Russia.

More…

 

Courtesy of Dave.

Jim

Here’s The Real Reason The US Must Talk To Russia
July 21, 2018

Future historians may well identify Russian President Vladimir Putin’s landmark March 1 speech as the ultimate game-changer in the 21st-century New Great Game in Eurasia. The reason is minutely detailed in Losing Military Supremacy: The Myopia of American Strategic Planning, a new book by Russian military/naval analyst Andrei Martyanov.

Martyanov is uniquely equipped for the task. Born in Baku in the early 1960s, he was a naval officer in the USSR era up to 1990. He moved to the US in the mid-1990s and is now a lab director in an aerospace firm. He belongs to an extremely rarified group: top military/naval analysts specializing in US-Russia.

From quoting Alexis de Tocqueville and Leo Tolstoy’s War and Peace to revisiting the balance of power during the Soviet era and beyond, Martyanov carefully tracks how the only nation on the planet “which can militarily defeat the United States conventionally” has reacted to a situation where any “meaningful dialogue between Russia and America’s politicians is virtually impossible.”

What is ultimately revealed is not only a case of disregarding basic Sun Tzu – “if you know the enemy and know yourself, you need not fear the result of a hundred battles” – but most of all undiluted hubris, turbocharged, among a series of illusionistic positive feedback loops, by Desert Storm’s “turkey shoot” of Saddam Hussein’s heavily inflated, woefully trained army.

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Courtesy of Dave.

Jim

No Liberal Rallies Yet for the Children of Yemen
July 20, 2018

Hundreds of thousands of people showed up across the United States at more than 600 gatherings three weeks ago. They came out to protest Donald Trump‘s “zero tolerance” immigration policy in highly choreographed, Democratic Party-affiliated “Families Belong Together” rallies and marches. Liberal celebrities marched and spoke. Local, state, and federal Democratic Party politicians and office-holders gave passionate speeches denouncing Trump’s separation of Central American migrant children from their parents at the southern U.S. border.

Marchers carried signs expressing their concern for children and families. Here are some of the messages written on the posters displayed at these gatherings:

“We care”

“I Raise my Voice Not so I can Shout but So that Those Without a Voice Can be Heard”

“Do All Lives Still Matter?”

“What Would Mr. Rogers Say?”

“Compassion”

More…

 

Courtesy of Dave.

Jim

It’s All Fake: Reality TV That Masquerades as American Politics
July 16, 2018

“Big Brother does not watch us, by his choice. We watch him, by ours…. When a population becomes distracted by trivia, when cultural life is redefined as a perpetual round of entertainments, when serious public conversation becomes a form of baby-talk, when, in short, a people become an audience, and their public business a vaudeville act, then a nation finds itself at risk; culture-death is a clear possibility.”— Professor Neil Postman

Americans have a voracious appetite for TV entertainment, and the Trump reality show—guest starring outraged Democrats, power-hungry Republicans, and a hodgepodge of other special interest groups with dubious motives—feeds that appetite for titillating, soap opera drama.

After all, who needs the insults, narcissism and power plays that are hallmarks of reality shows when you can have all that and more delivered up by the likes of Donald Trump and his cohorts?

Trump is inclined to denounce any news agencies and reports that paint him in a less than favorable light as “fake news,” which leaves only the Fox News channel to carry the president’s torch for media integrity.

Yet as John Lennon reminds us, “nothing is real,” especially not in the world of politics.

More…

 

Courtesy of JB.

Jim

Will Trump Take On The Fed?
July 21, 2018

“China, the European Union and others have been manipulating their currencies and interest rates lower, while the U.S. is raising rates while the dollars gets stronger and stronger with each passing day — taking away our big competitive edge. As usual, not a level playing field…”

* * *

That’s the tweet from President Trump as he approaches the second anniversary of his warning about a false economy. That was on Labor Day in 2016, when newspapermen on the candidate’s jetliner asked him about interest rates. Mr. Trump proceeded to jawbone the Federal Reserve, saying: “They’re keeping the rates down so that everything else doesn’t go down. We have a very false economy.”

At the time, we thought — as we do now — that it was one of the markers of a winning campaign. It drove Secretary of State Clinton crazy, of course. “You should not be commenting on Fed actions when you are either running for president or you are president,” she harumphed — underlining the fact that the Democratic nominee had nothing substantive to say in respect of monetary policy.

More…

Posted at 6:01 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

Suckers!

Facebook Suspends Analytics Firm on Concerns About Sharing of Public User-Data
July 20, 2018
Facebook Inc. suspended another company that harvested data from its site and said it was investigating whether the analytics firm’s contracts with the U.S. government and a Russian nonprofit tied to the Kremlin violate the platform’s policies.

Crimson Hexagon, based in Boston, has had contracts in recent years to analyze public Facebook data for those and other clients, according to people familiar with the matter and federal procurement data. Crimson Hexagon says it has the largest repository of public social media posts,…

More…

Posted at 10:38 AM (CST) by & filed under Jim's Mailbox.

Jim/Bill,

What ever happened to Comparative Advantage (producing at a lower cost and more efficiently than another entity)?

It is NOT China that is to blame.

It is ourselves for being uncompetitive and buying their goods.

Basic economics and human desire.

All tariffs should be removed and let nature take its course.

It’s all this meddling by government that is taking its toll.

Meddling in trade, in precious metals, in equity markets, in bonds, in the internal affairs of other nations, in everything!

Simple really.

CIGA Wolfgang Rech

Trump Says He’s ‘Ready’ To Put Tariffs On All $505 Billion Of Chinese Goods Imported To The US
July 20, 2018

President Donald Trump has indicated that he is willing to slap tariffs on every Chinese good imported to the U.S. should the need arise.

“I’m ready to go to 500,” the president told CNBC’s Joe Kernen in a “Squawk Box” interview.

The reference is to the dollar amount of Chinese imports the U.S. accepted in 2017 — $505.5 billion to be exact, compared to the $129.9 billion the U.S. exported to China, according to Census Bureau data.

Thus far in the burgeoning trade war, the U.S. has slapped tariffs on just $34 billion of Chinese products , which China met with retaliatory duties.

By sheer dollar volume, the Chinese won’t be able to come close to the U.S. in a tit-for-tat battle . Trump’s comments point to a willingness to push the envelope as far as the U.S. needs to get Chinese tariff concessions, along with a pledge to stop stealing American technology.

“I’m not doing this for politics, I’m doing this to do the right thing for our country,” Trump said. “We have been ripped off by China for a long time.”

Trump said the U.S. is “being taken advantage of” on a number of fronts, including trade and monetary policy. Yet he said he has not pushed the tariffs out of any ill will towards China.

More…

Posted at 1:04 PM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

Final nefarious Russian plan reviewed to take over the USA and the world.

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Posted at 9:10 AM (CST) by & filed under Jim's Mailbox.

Jim/Bill,

Nothing to see here.  Just move on..

Lowest jobless claims since 1969, yet no wage pressure?

This is the lowest level of claims since November 1969 (when The Beatles’ “Abbey Road” album was #1 in the US)…

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…and still no wage pressure…

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Can only be that all the unemployment benefits have run their course and expired.

People now sitting home in their parents’ basements posting on Facebook, Instagram, Snapchat, and browsing Netflix, Amazon, eBay.

Why work?   Wait until Guaranteed Income laws are passed.

CIGA Wolfgang Rech

Initial Jobless Claims Plunge To Lowest Since The ’60s
July 19, 2018

Initial jobless claims in the last week tumbled to 207,000.

This is the lowest level of claims since November 1969 (when The Beatles’ “Abbey Road” album was #1 in the US)…

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…and still no wage pressure…

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And is this why the yield curve is collapsing? It’s pricing in the ‘end’ of the cycle, not a renewed cycle?

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More…

Posted at 9:24 AM (CST) by & filed under Jim's Mailbox.

In your face collusion? So let’s get cracking on the investigation!…Oh wait. Folks, the American public, even though chemtrailed, chlorined and taught complete bullshit in taxpayer paid public schools is not yet this dumbed down. I would submit that they attempted the “coup” a few years too early? “They” are caught, plain and simple.

Courtesy of CIGA Steve.

Bill

Russian Collusion, Clinton $tyle
March 27, 2018

Strolling one afternoon near Manhattan’s Sixth Avenue and West 34th Street, I spotted two tourists with their faces nestled in a map. They looked hopelessly lost.

“Can I help you?” I asked.

Thoroughly flummoxed, they pleaded, “Where’s the Empire State Building?”

I pointed straight up, one block east, and said: “It’s right there!”

Special Counsel Robert Mueller and his team resemble those hapless travelers. They scour their visitors’ guide in vain for any trace of Team Trump’s alleged Russian collusion. Meanwhile, just steps away, the Clintons’ Russian-collusion skyscraper soars into the clouds.

In fact, former Trump-campaign aide Sam Nunberg said that Team Mueller asked him if he had heard anyone in Trump Tower speak Russian. Apparently, nyet.

Although they started sniffing around in July 2016, neither the FBI’s bloodhounds nor those of Mueller or Congress have detected a whiff of evidence that ties Trump to Russian collusion. Indeed, the House Intelligence Committee interviewed 70 witnesses and reviewed 300,000 documents before wrapping up its Russiagate inquiry last Thursday. As its final report states, “The Committee found no evidence that meetings between Trump associates — including Jeff Sessions — and official representatives of the Russian government — including [Moscow’s] Ambassador Kislyak — reflected collusion, coordination, or conspiracy with the Russian government.”

More…

 

Comments courtesy of CIGA Alex.

Jim

GOLD – On the weekend, I used this Cycle chart to show that we are due for an ICL.-
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GOLD – So this is the waterfall that we experienced on Tuesday.
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GOLD – A slight undercut would give us smaller parameters for a swing low in the near future, as shown.  EDIT:  Pre-Market, we have a lower low.
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GOLD – That drop on Tuesday looks similar to the Big One Day Drop  in May & one in June.  The one in May did  lead to a dcl ( green arrow) after it stabilized. June sold off. It also looks like the drop in June, so…
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GOLD – Could that be a DCL on day 30, and continue like the June drop? Or will this end like the MAY DROP?   Only time will tell.
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GOLD —  I see a wedge forming in Gold.   I’d like to see a break out of this wedge upside. That would be bullish.   Daily Cycles Lows are really a bit difficult to label here on the drop. Is this daily cycle 4 or starting a short #5? I have 3 daily s in Boxes, then a 4th long one followed?
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GOLD-  MY LONG TERM CONCERN AS MENTIONED: The Bull Run of higher lows has ended.  It may be a shake out to turn people bearish, we’ll examine it after the ICL. The drop now should run stops, but how low will it go?  At least Miners are not dropping in the same manner…
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GDX – Miners pretty much held up again, this looks like day 12.   GDX & GDXJ dropped, but several Miners turned green shortly into the selling. This DOES look like a dcl failure in GDX, but we could get a short daily cycle if Gold bottoms.
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GDXJ – GDXJ could do a false break down, but at this point, and then recover. It has actually done a false break out higher so far.
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Courtesy of JB.

Jim

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