Posted November 10th, 2018 by Bill Holter & filed under In The News.

Bill Holter’s Commentary

In an economy growing at 7%? Or maybe the “wealth defect” is raring its ugly head?

Chinese Auto Sales Suffer Historic Collapse; Set For First Annual Decline In 30 Years
November 9, 2018

China was supposed to be the saving grace of the global auto market, pitched by auto makers and analysts as an endless area of opportunity and growth. Instead, China’s October auto sales numbers have been another disaster, a harbinger for an accelerating global slowdown for the industry. Automobile sales were down 12% y/y in October, sliding to 2.38 million, according to the Wall Street Journal. And with this dreadful annual comp, 2018 has now turned negative for overall Chinese auto market.

A quick breakdown: passenger car sales fell 13% in the month to 2.05 million, down 8% for the third quarter. Passenger car sales were off 1% for the first 10 months of the year.  That puts them down 1% for the first 10 months of the year, on course for their first yearly decline in nearly three decades.

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Bill Holter’s Commentary

Well worth your time to read Alasdair Macleod’s latest piece.

Prices When Gold Is Money
November 08, 2018

We are getting ahead of ourselves here. Gold does not circulate as money – yet. It might never do so. Perhaps the end of government currency, fiat money imposed on us by government laws, may never be replaced by what for millennia has been the people’s money, gold. Do we even wish it? Given what we have to do to get there, probably not.

It is hard to think of a life without Nanny State giving us her money-tokens to buy our sweets, telling us what to eat and what medicine to take. But Nanny State is getting long in the tooth. When she was younger, she was less controlling. Her constant refusal to allow us, the ordinary people, to do what we want is an increasing source of friction.

Growing numbers of us can see Nanny State should pack her bags. But Nanny State’s favourites are frightened at the prospect of no nanny. Those of us who want a life without Nanny State can’t agree what it should be, and don’t know what happens when she goes.

Above all, there’s a feeling our secure, controlled world is coming to an end. Increasing financial instability and economic uncertainty are our common destination. Nanny State has frittered away all our pocket money, and it turns out the cupboard is now bare.

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Bill Holter’s Commentary

“It won’t matter until it matters” …

As CNY/USD weakens (in 2015-16 & ’18), phys gold leaves UK/US vaults, moves to China, drives leverage up (per GS: https://t.co/stucfl7ngF). This likely won’t matter until it matters (see 1967-71.) In meantime, phys gold stores in UK may govern how far/fast CNY/USD can fall. https://t.co/8mnqWGNa8B

— Luke Gromen (@LukeGromen) November 10, 2018

Posted November 9th, 2018 by Bill Holter & filed under In The News.

Bill Holter’s Commentary
Another mainstream indicator that no one wants to show you…

ECRI U.S. Weekly Leading Index growth decreased to -2.6%, a 139-week low. #economy https://t.co/Kg64Nx28th pic.twitter.com/eNqRA4njS6

— Lakshman Achuthan (@businesscycle) November 9, 2018

Posted November 8th, 2018 by Bill Holter & filed under In The News.

Bill Holter’s Commentary

Larry Fink, world’s largest asset manager…doesn’t sound as crazy coming from a mainstream guy does it?

World’s Largest Asset Manager Warns: The Dollar’s Days As Global Reserve Currency Are Numbered
November 7, 2018

Have BlackRock CEO Larry Fink and Russian President Vladimir Putin been comparing notes?

In comments that sound eerily similar to a warning issued by Putin, who warned during a speech last month that the US risked undermining the dollar’s reserve currency status with its sanctions regime, the CEO of the world’s largest asset-management firm said Tuesday during a panel discussion at the New Economic Forum in Singapore that the US dollar’s status as the world’s dominant currency wouldn’t last forever.

And instead of citing external factors like China’s expanding economic clout and influence, or an insurgent Russia, Fink pointed to the widening US budget deficit as the biggest risk to the dollar’s status as the global hegemon. And while it might not happen tomorrow, or next year, over time, as US interest rates rise and the federal government strains under its tremendous debt burden, the creditors who were once eager to buy up Treasury bonds will gradually disappear.

“We’re going to move there over time” Fink said.

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Bill Holter’s Commentary

Again, “it is all about credit”!

“As a reminder, about 40% of Russell 2000 companies have floating rate debt that is most likely priced off LIBOR. The ratio for S&P 500 companies is about 25%.” – @pboockvar

3-month LIBOR: pic.twitter.com/9WojiYRwtp

— Carl Quintanilla (@carlquintanilla) November 8, 2018

Posted November 7th, 2018 by Jim Sinclair & filed under In The News.

Jim Sinclair’s Commentary

Courtesy of Q.

Jim Sinclair’s Commentary

The West provides gold to the East?

Gold Buying By Central Banks Hits Its Highest Level In Almost Three Years

November 1, 2018

Central banks around the world have upped their spending on gold to the highest level in almost three years, according to the World Gold Council (WGC).

More than 148 metric tons of gold were bought by the national banks in the three months to the end of September, a rise of 22 percent on the same period last year.

Using the current spot price of $1,223 per troy ounce, the gold purchases by the banks added up to a $5.82 billion spending splurge on the precious metal.

Russia’s central bank led the buying, purchasing more than 92 tons of gold. This marked the country’s biggest quarterly net purchase on records that stretch back to 1993.

In May this year, the Russian central bank’s First Deputy Governor Dmitry Tulin told lawmakers in the lower house of parliament that gold was “a 100 percent guarantee from legal and political risks.”

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Posted November 6th, 2018 by Bill Holter & filed under In The News.

Bill Holter’s Commentary

Sadly this is true…

Bill Holter’s Commentary

We have told you many times “it is all about credit”. We also see it as this hedge fund manager does. Watch what happens when liquidity dries up…!

Hedge Fund Manager Stakes Own Cash on a Bet Against Credit ETFs
November 5, 2018

After quitting his job at a $7 billion hedge fund to go it alone three years ago, Adam Schwartz happened upon a short so certain he built a notional position amounting to half his fledgling firm’s assets on it.

He’s been borrowing shares and stockpiling bearish options on exchange-traded funds that track major credit indexes, confident that a blow-up in fixed income will hit these passive vehicles the hardest.

Schwartz reckons it’s only a matter of time before rising rates choke off financing for highly leveraged companies, spurring a wave of bond defaults.

But running a hedge fund with mostly his own cash has given the 39-year-old freedom to bet on more extreme scenarios, like the one where credit ETFs — which have vaulted to prominence promising liquidity comparable to stocks — perish in the bloodbath.

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BREAKING: Republic Metals Corporation (Gold & Silver Refiner/Private Mint) Files For Bankruptcy
November 5, 2018

ne of the largest gold and silver refineries in the world filed for Chapter 11 Bankruptcy in Federal Court on Friday. Here are the details…

Republic Metals Corporation has filed for bankruptcy.

Represented by Donlin Recano, we learn that Chapter 11 was filed in United States Bankruptcy Court, Southern District of New York on Friday, November 2, 2018:

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Jim Sinclair’s Commentary

And now it’s time for the prosecution to look into the falseness of it all.

Senate Judiciary Committee Releases Full Brett Kavanaugh Report: ‘No Evidence’ To Back Sexual Assault Claims
November 04, 2018

The Republican-controlled Senate Judiciary Committee released a report late Saturday night that it said completely exonerates Brett Kavanaugh from “numerous allegations” of sexual misconduct.

“This was a serious and thorough investigation that left no stone unturned in our pursuit of the facts,” wrote committee Chairman Sen. Chuck Grassley, R-Iowa, in a statement about the 414-page report. “In the end, there was no credible evidence to support the allegations against the nominee.”

Kavanaugh, who was confirmed to be an associate justice on the U.S. Supreme Court last month, faced allegations from numerous women about sexual misconduct. He denied all of the claims levied against him.

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Jim Sinclair’s Commentary

The latest from John Williams’ www.shadowstats.com

– Third-Quarter U.S. Real Merchandise Trade Deficit Was the Worst Ever
– Consumer Outlook Plummets
– Private Surveying of October 2018 Labor-Market Demand Showed Sharp Slowing
– October U.3 Unemployment Rose to 3.74% from Record-Low 3.68% in September; Broader U.6 Unemployment Eased to 7.43% from 7.45%; On Top of U.6, ShadowStats-Alternate Unemployment Notched Lower to 21.2% from 21.3%
– Intense Labor-Market Stresses Remained Consistent with Headline Unemployment Near a Record High, Not a Record Low
– October Payroll Gain of 250,000, versus 118,000 in September Likely Reflected a Relative Boost versus Hurricane-Depressed September Numbers
– Third-Quarter 2018 Real Construction Spending Contracted Quarter to Quarter, Total Construction Spending Fell at an Annualized Pace of 1.7% (-1.7%), Private Residential Construction Spending Contracted by 6.6% (-6.6%), Down by 2.8% (-2.8%) Before Inflation Adjustment
– Weakening Residential Construction and Sales Activity Reflect Impact of Federal Reserve Tightening and Related Consumer Liquidity Squeeze
– Annual M3 Growth Sank to a 14-Month Low in October 2018, with M2 at an 8-Year Low, and M1 at a 10-Year Low (Other Than For Recent Months); With the Level of the Monetary Base at a 21-Month Low

“No. 977: October Labor Numbers and Money Supply, September Trade Deficit, Construction Spending”

www.shadowstats.com

Posted November 5th, 2018 by Jim Sinclair & filed under In The News.

Jim Sinclair’s Commentary

Gold can make the worse crap workable.

JP Morgan’s Ethereum-Based Quorum Blockchain Will Tokenise Gold Bars
October 30, 2018

US banking giant JPMorgan Chase Bank’s blockchain, Quorum, will be used to “tokenize” gold bars. Quorum is the enterprise version of the Ethereum blockchain, developed by JPMorgan Chase, will ensure users operate smart contracts while using pre-programmed rules to automate them.

The ethereum-based blockchain will afford sustainable miners the opportunity of earning a premium on the global market. In a report on popular news website Financial Review, the development was described as “an indication of new trading opportunities the disruptive technology will create over the coming decade.”

When the blockchain came into the reckoning some years back, its major application was in the financial sector, where digital currencies were created. However, the paradigm shift has prompted diverse application of the distributed ledger technology in other areas like healthcare, aviation and in banking.

The Financial Review quoted Umar Farooq, JPMorgan Chase’s head of blockchain initiatives, who stated:

“We are the only financial player that owns the entire stack, from the application to the protocol.”

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Posted November 3rd, 2018 by Bill Holter & filed under In The News.

Judicial Watch Podcasts

Bill Holter’s Commentary

So, this woman shovels pancakes into her pie hole and blames Trump and the conservatives because it certainly cannot be her fault that she has gained weight? And we are supposed to listen to her illogical ideology because why? Because she is a fabulous singer?  Sorry, just because someone can sing, act, or even do brain surgery does not make their opinions gospel…much less even logical!

P.S. My lovely editor edited out how I really feel about this but you get the gist.

Barbra Streisand ‘Thinking About’ Moving to Canada If Democrats Don’t Win House
October 31, 2018

Singer Barbra Streisand said she might move to Canada if the Democrats don’t win control of the U.S. House in this year’s mid-term election.

When asked during an interview with The New York Times how she was feeling these days, she said she’s been that losing sleep.

“I want to sleep nights, if we take the House I’ll be able to sleep a little bit better,” she said.

Streisand was asked what she would do if the Democrats don’t win the House.

“Don’t know. I’ve been thinking about, do I want to move to Canada? I don’t know. I’m just so saddened by this thing happening to our country. It’s making me fat. I hear what he said now, and I have to go eat pancakes now, and pancakes are very fattening. We make them with healthy flour, though — almond flour, coconut flour,” she said.

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Bill Holter’s Commentary

Yes, the “loving and caring” party…?

Dem Panic? Ocasio-Cortez Calls Trump ‘Monster’, Biden Threatens Violence, Wild-Eyed Obama’s Voice Cracks During Rant
November 2, 2018

With the critical midterm elections taking place on Tuesday, it appears Democrats are starting to panic.

In recent weeks, Democrats and many in the mainstream media have largely blamed President Donald Trump’s “rhetoric” for incivility across the country. Yet, several prominent Democrats have made incendiary — and sometimes violent — comments about their Republican counterparts.

On Wednesday, New York Democratic candidate Alexandria Ocasio-Cortez sent out a bizarre email demanding Democrats “push back” against Republicans and Trump, who she referred to as “cold-hearted monsters.”

In a very lengthy email, the self-described socialist vowed to protect voters from “white supremacist forces” that she claims are terrorizing Americans under Trump.

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Posted November 1st, 2018 by Bill Holter & filed under In The News.

Train in Arizona recently heading southbound. Trump ain’t playin’ 🇺🇸 pic.twitter.com/XHHHCp8MFN

— Kal ▫️ (@RightWingLawMan) October 30, 2018

Where Is All The Gold Going?
November 1, 2018

Where the gold is going is certainly no secret. Whilst the West has not got a clue of the strategic significance of physical gold, the East’s accumulation of the yellow metal continues unabated.

Since 2008 just China and India have accumulated 26,000 tonnes of gold. That is a remarkable figure and virtually the total mine production for that period. There are many other Eastern countries which also continue to buy major quantities of gold such as Russia, Turkey, Iran and Thailand.

CHINA AND INDIA HAVE BOUGHT 26,000 TONNES SINCE 2008

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Judicial Watch Sues FBI over Failure to Preserve Text Messages
November 01, 2018

Also Files Suit over Disgraced Official McCabe’s Texts

(Washington, DC) – Judicial Watch announced today that it filed lawsuits regarding the maintenance of text messages as federal records and for records of the audit of communications of former FBI Deputy Director Andrew McCabe.

After the FBI claimed that text messages are not subject to the Freedom of Information Act (FOIA) Judicial Watch filed suit to ensure that text messages are being preserved. The new Administrative Procedure Act lawsuit against the FBI challenges the FBI failure to preserve FBI text messages as required by the Federal Records Act. (Judicial Watch v. FBI (No.1:18-cv-02316)).

In its lawsuit Judicial Watch points to a related case in which Michael G. Seidel, the assistant section chief of the Record/Information Dissemination Section in the FBI’s Information Management Division, stated: “text messages on [FBI]-issued devices are not automatically integrated into an FBI records system.” (Danik v. U.S. Department of Justice, (No. 1:17-cv-01792)).

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Bill Holter’s Commentary

They lied to us?  In a world where everything is fake or a lie, what a shock!

Rebecca Campbell: US Government Loses Vaccine Lawsuit — Has Lied to the Public for Decades — Vaccines NOT Tested — Autism Will Drop If Parents Use This Case to Legally Challenge Mandated Vaccinations
September 3, 2018

Vaccine injury lawyer Robert F. Kennedy Jr., Del Bigtree, producer of the suppressed anti-vaccine documentary, Vaxxed and the Informed Consent Action Network (ICAN) are credited with this victory. They demanded the relevant government documents proving that all federally approved vaccines had been tested for quality over the past 32 years — and there were none.

Here are the huge legal and practical implications in this legal victory for the American people:

This means that the US Department of Health and Human Services and all vaccine makers have been lying to the American people for over 30 years about the effectiveness and safety of vaccines; this may

ultimately mean that continuing the existence — at least in their current form — of five US “healthcare” agencies are now in doubt: the CDC, the FDA, the IOM, the NIH and the “Health” part of DHHS itself;

this may also threaten the existence of state medical boards and exclusive medical guilds like the AMA:

This means that vaccine makers have been fraudulently exempt from what all other pharmaceutical drug makers have been forced to do concerning biannual recertification for quality and effectiveness — meaning that that their vaccines have never been tested for quality and have had no proven safety or effectiveness for over 30 years;

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