Posts Categorized: In The News

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Bill Holter’s Commentary

I highly recommend watching this video. Does anyone know if President Donald Trump was a member of the John Birch Society?

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Bill Holter’s Commentary

Comical? Or does it affect markets?

Big Banks Expected To Testify Before House Financial Services Committee In March
January 24, 2019

The chief executives from some of the biggest U.S. banks are expected to testify before the House Financial Services committee in March, two sources told CNBC.

J.P Morgan Chase CEO Jamie Dimon, Goldman Sachs’ David Solomon and Wells Fargo’s Tim Sloan are among the bank executives expected to testify, the sources said. Bank of America’s Brian Moynihan and Morgan Stanley’s James Gorman are also expected to testify.

The CEOs would be testifying in front of Rep. Maxine Waters, D-Calif., who became the committee’s chair earlier this month. Waters recently met with Solomon and Dimon in private, people with direct knowledge of the matter have told CNBC.

One of the bank executives expected at the hearing told CNBC that Waters said “she wanted to get all the CEOs in to talk about how they could better support the economy.”

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Bill Holter’s Commentary

…Or is the gold even there?

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Jim Sinclair’s Commentary

Here comes How To Lose A War 101.

China, Russia Building Super-EMP Bombs for ‘Blackout Warfare’
January 24, 2019

Several nations, including China and Russia, are building powerful nuclear bombs designed to produce super-electromagnetic pulse (EMP) waves capable of devastating all electronics—from computers to electric grids—for hundreds of miles, according to a newly-released congressional study.

A report by the now-defunct Commission to Assess the Threat to the United States from EMP Attack, for the first time reveals details on how nuclear EMP weapons are integrated into the military doctrines of China, Russia, North Korea, and Iran.

The report discloses how those states could use EMP attacks in theaters of battle in the Middle East, Far East, Europe, and North America.

“Nuclear EMP attack is part of the military doctrines, plans, and exercises of Russia, China, North Korea, and Iran for a revolutionary new way of warfare against military forces and civilian critical infrastructures by cyber, sabotage, and EMP,” the report states.

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Chris Farrell: Bruce Ohr is the Linchpin of the Steel Dossier Controversy
August 27, 2018

August 24, 2018- JW Director of Investigations and Research Chris Farrell appeared on “Lou Dobbs Tonight” on the Fox Business Network to discuss Bruce Ohr and Fusion GPS.

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Jim Sinclair’s Commentary

You know that they know!

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The Polar Vortex Is Collapsing — Here’s What That Means for Your Winter Weather
January 18, 2019

The blast of Arctic weather headed for the United States this weekend could be a first sign of still worse things to come this winter, with signs that a circular low-pressure system of swirling winds that normally keeps frigid air locked up at the North Pole has been disrupted and split into smaller parts.

The disruption in this counterclockwise-spinning beast, called the polar vortex, is thought to be caused in part by a warm summer over the Arctic and a relatively cold fall over Siberia. The result for the United States and northern Europe? A severe winter lasting throughout February and possibly into March.

Meteorologist Judah Cohen agreed that the breaking up of the polar vortex could be the culprit for the coming storm. Cohen, the director of seasonal forecasting for the weather risk management company Atmospheric and Environmental Research (AER), based in Lexington, Massachusetts, told Live Science that the coming snowstorms in the United States this weekend are consistent with weather models that predicted severe wintry weather to come in the coming weeks. [Infographic: Earth’s Atmosphere Top to Bottom]

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Bill Holter’s Commentary

A wise move.

Wyoming Legislators Want State to De-Risk Investments by Holding Gold and Silver
January 17th, 2019

Cheyenne, Wyoming (January 17, 2019) – A group of Wyoming legislators have introduced three bills this week to de-risk the state’s financial holdings with modest allocations to physical gold and silver in the state’s pension fund, reserve fund, and mineral trust fund.

Introduced by Representative Roy Edwards (R-Gillette) and co-sponsored by 15 others, the Wyoming Sound Money Trust Act (HB 174) empowers the State Treasurer to hold at least 10% of the Permanent Wyoming Mineral Trust Fund in the monetary metals in a depository in or near the state of Wyoming.

The Permanent Wyoming Mineral Trust Fund is the state’s oldest and most well-funded permanent fund with over $8 billion in assets.

Last year, Rep. Edwards successfully passed the ground-breaking Wyoming Legal Tender Act, a measure which reaffirmed that gold and silver are constitutional money and removed all state taxation of them.

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Good News For Gold Mining Investors – Merger Mania Is Gripping The Sector
January 15, 2019

News broke yesterday of the biggest merger in gold mining history. Newmont Mining (NYSE:NEM) announced that it was combining with Goldcorp (TSX:G/NYSE:GG) to become the world’s largest gold producer.

This follows on the heels of the Barrick-Randgold merger, which was announced last September, and completed a fortnight ago.

It’s merger-mania in gold mining. What are the implications?

The top dog merges with a total dog

Until recently, Newmont Mining had enjoyed top dog status as the world’s largest gold miner. It has three producing mines in the US, three in Australia, two in Ghana and two in South America (comparatively stable jurisdictions for a miner). Last year it produced some 5.3 million ounces of gold, and it has further reserves of just under 70 million ounces. Its market capitalisation, before yesterday’s announcement, was close to $17bn.

Over the last ten years, it has been creditable, if unspectacular performer, at least by gold mining standards, and, since 2016, has comfortably outperformed the sector’s benchmark exchange-traded fund (ETF) – GDX (NYSE:GDX).

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Keep in mind this sets up a continuous metal currency metal arbitrage the would be demanded for paper at a key technical point for paper gold in dollars.  JES

Gold Hits An All Time High In 72 Currencies
January 15, 2018

It is natural that we measure things by a familiar yardstick – the problem is that being so-biased or lazy, we can be deceived.

Take gold. Popular belief has it that gold prices have not performed especially well despite some egregious geopolitical and economic factors. Well measured in 72 currencies, gold is at … or within a few percentage points … of being at an all time high for people in those countries. Not on the list are the British Pound, the Swiss Franc, the Euro and Chinese Yuan – but we are not far off in all of those currencies too. Only in USD does gold lag – and not all of us live in the US.

Using the dollar gold price, as most of us do, has disguised what is actually quite a powerful bull market. If my memory serves me right, we saw the same phenomenon – a stealth rally in minor currencies – ahead of the last major gold bull run (in dollars) in the late 1990’s. Arguably this may be a very good leading indicator.

Faulty yardsticks also takes us onto wealth management. Measuring our net worth in local currencies, we might be rather pleased with ourselves – smug even. However we chose to ignore the fact that the yardstick is not a constant … it is shrinking and sometimes really quite fast. It’s the natural corrosive effect of inflation. Knowing this, governments give us a gauge for yardstick shrinkage to use such as RPI or CPI, to reassure you that the shrinkage is minimal… and then lie about it. 

There are alternatives.

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Bill Holter’s Commentary

Nothing to see here…unless you are a traitor to the nation, have committed gross financial fraud or traffic in humans!

2019 Brings Changes To Military Justice System
January 1, 2019

FORT MEADE, Md. — A host of changes to the Uniform Code of Military Justice became effective Jan. 1, modernizing definitions for many offenses, adjusting maximum penalties, standardizing court-martial panels, creating new computer-crime laws, and much more.

The changes strike a balance between protecting the rights of the accused and empowering commanders to effect good order and discipline, said Col. Sara Root, chief of the Army’s Military Justice Legislation Training Team.

“We’re pretty excited,” Root said. “It’s a healthy growth of our military justice system.”

Root and three members of her team spent the last year traveling to 48 installations to train 6,000 legal personnel and law-enforcement agents about the changes. Her two-day classes included everyone from judges to law clerks, and privates to generals, she said, and even 600 from other military services.

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Bill Holter’s Commentary

…because rates are so exorbitantly high!

Bill Holter’s Commentary

Global recession has arrived, any questions?

Collapse In Global M1 Signals A Worldwide Recession Has Arrived
January 14, 2019

By now everyone has seen some iteration of this chart showing that the annual change in central bank liquidity is now negative.

 

 

 

 

 

 

Another way to visualize just the Fed’s balance sheet contraction is courtesy of this chart from Morgan Stanley which shows specifically which assets – Treasurys and MBS – are declining on a monthly basis.

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Bill Holter’s Commentary

Does anyone see a problem with this?