Posts Categorized: In The News

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Jim Sinclair’s Commentary

Just the wrong thing at the worst time for many who doubt us!

You will recall our long conversations on just this in the weekly conference call.

For Trump’s sake, let’s hope the last fling of the PTT works until after midterm election.

We have been patient for a long time.

A few weeks more is nothing, yet I suspect we might not have that.

The Global Dollar Shortage is Here – And It’s Becoming A Big Problem
October 19, 2018

Another week and another signal flashing red to deal with. . .

The credit market – in my opinion – is indicating an inevitable ‘crunch’ coming up. And even worse – we’re seeing the global dollar shortage deepening.

Many readers know I haven’t exactly been shy about focusing on this dollar shortage problem all year – you can read more here, and here.

Personally – I think this may be the trigger that kicks off a brutal, worldwide, financial crisis. . .

For instance – just look at what’s happened with Emerging Markets because of a tightening Federal Reserve, a stronger dollar, and drying liquidity.

Don’t forget – a dollar shortage is synonymous with disappearing liquidity. Which means we can expect more violent and sudden market crashes to occur – just like we saw over the last two weeks.

Stock markets (and bond markets) around the world took big losses. The only thing that really outperformed was gold.

More…

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Jim Sinclair’s Commentary

Courtesy of John Williams.

Turmoil

This Commentary:

– As Some Acorns Begin to Fall, Beware the Dollar
– Risks of Major Financial Market Upheaval Are High in the Next Six Months, But Watch Out for the Near-Term

“No. 973: ALERT Mounting Risk of Intense Financial Market Turmoil”

www.shadowstats.com

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Bill Holter’s Commentary

Truth bomb; she lied on her resume. Voters should demand she relinquish all back pay for fraudulent employment?

“People Just Can’t Know That.” MO Sen. Mccaskill Hides Agenda Including “Semi-Automatic Rifle Ban” From Moderate Voters, Staffers Reveal In Undercover Video It “Could Hurt Her Ability To Get Elected.”
October 15, 2018

This is a breaking news story. Refresh the page for updates.

(St. Louis) Project Veritas Action Fund has released a third undercover video from campaigns during this 2018 election season. This report exposes how incumbent Senator McCaskill and individuals working on her campaign conceal their liberal views on issues in order to court moderate voters.

Said James O’Keefe, founder and president of Project Veritas Action:

“This undercover report shows just how broken our political system has become. Senator McCaskill hides her true views from voters because she knows they won’t like them.”

Senator McCaskill Talks Gun Bans on Tape

Senator McCaskill revealed her intention to vote on various gun control measures in undercover footage:

MCCASKILL: “Well if we elect enough Democrats we’ll get some gun safety stuff done. They won’t let us vote on it, we’ve got 60 votes for a number of measures that would help with gun safety, but McConnell won’t let ’em come to the floor.”

JOURNALIST: “Like bump stocks, ARs and high capacity mags…?”

More…

Bill Holter’s Commentary

Readers can add this to the recent subscriber article “China leads”?

S&P Reveals $5.8 Trillion In “Hidden” Chinese Debt With “Titanic Credit Risks”
October 16, 2018

When it comes to estimating China’s total outstanding debt, there has long been confusion about the real number with most putting the debt/GDP at around 250%, while the IIF last year calculated China’s debt load as high as 300% of GDP.

Now, China watchers can one add another ~40% of debt/GDP to the total because according to S&P, China’s local governments have accumulated 40 trillion yuan ($5.8 trillion) – or even more – in off-balance sheet debt, suggesting the already record surge in defaults is set to accelerate further.

More…

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Jim Sinclair’s Commentary

Courtesy of John Williams.

Turmoil

This Commentary:

– As Some Acorns Begin to Fall, Beware the Dollar
– Risks of Major Financial Market Upheaval Are High in the Next Six Months, But Watch Out for the Near-Term

“No. 973: ALERT Mounting Risk of Intense Financial Market Turmoil”

www.shadowstats.com

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Explain The Chinese Spy, Sen. Feinstein
August 9, 2018

Imagine if it emerged that the Republican chairman of the House or Senate intelligence committee had a Russian spy working on their staff. Think it would cause a political firestorm? Well, this month we learned that Sen. Dianne Feinstein (D-Calif.) had a Chinese spy on her staff who worked for her for about 20 years, was listed as an “office director” on payroll records and served as her driver when she was in San Francisco, all while reporting to China’s Ministry of State Security through China’s San Francisco Consulate. The reaction of the mainstream media? Barely a peep.

Feinstein acknowledged the infiltration but played down its significance. “Five years ago the FBI informed me it had concerns that an administrative member of my California staff was potentially being sought out by the Chinese government to provide information,” Feinstein said in a statement — which means the breach took place while Feinstein was heading the Intelligence Committee. But, Feinstein insisted, “he never had access to classified or sensitive information or legislative matters” and was immediately fired. In other words: junior staffer, no policy role, no access to secrets, quickly fired — no big deal.

But it is a big deal. I asked several former senior intelligence and law enforcement officials how serious this breach might have been. “It’s plenty serious,” one former top Justice Department official told me. “Focusing on his driver function alone, in Mafia families, the boss’s driver was among the most trusted men in the crew, because among other things he heard everything that was discussed in the car.”

More…

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Former FBI Lawyer: Plot To Record, Remove Trump Not A Joke
October 8, 2018

Don’t tell former FBI general counsel James Baker that those now-infamous discussions about secretly recording President Trump and using the tapes to remove him from office were a joke.

He apparently doesn’t believe it. And he held quite the vantage point — he was on the inside of the bureau’s leadership in May 2017, when the discussions occurred.

Baker told Congress last week that his boss — then-acting FBI Director Andrew McCabe — was dead serious about the idea of surreptitiously recording the 45th president and using the evidence to make the case that Trump should be removed from office, according to my sources.

Baker told lawmakers he wasn’t in the meeting McCabe had with Deputy Attorney General Rod Rosenstein in which the subject came up. But he did have firsthand conversations with McCabe and the FBI lawyer assigned to McCabe, Lisa Page, about the issue.

“As far as Baker was concerned, this was a real plan being discussed,” said a source directly familiar with the congressional investigation. “It was no laughing matter for the FBI.”

More…

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Please do not overlook the fact that there are more than 50,000 sealed indictments to be opened. Maybe this administration has a surprise awaiting the dark side.

Jim

 

Report: Google Hid User Data Breach From Public Out Of Fear Congress Would Take Action
October 8, 2018

Google failed to inform its users about the exposure of their private data for fear of the news inviting regulation and comparisons to Facebook’s Cambridge Analytica scandal, according to the Wall Street Journal.

“Google exposed the private data of hundreds of thousands of users of the Google+ social network and then opted not to disclose the issue this past spring, in part because of fears that doing so would draw regulatory scrutiny and cause reputational damage, according to people briefed on the incident and documents reviewed,” reported the Wall Street Journal, Monday. “As part of its response to the incident, the Alphabet Inc. unit plans to announce a sweeping set of data privacy measures that include permanently shutting down all consumer functionality of Google+.”

The incident, which exposed users’ names, email addresses, birthdays, genders, general locations, occupations, relationship statuses, and photos, was reportedly caused by a “software glitch” in Google+ which “gave outside developers potential access to private Google+ profile data between 2015 and March 2018, when internal investigators discovered and fixed the issue.”

More…

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Jim Sinclair’s Commentary

Mr. Williams’ commentary:

– Second-Half 2018 Economic Growth Prospects Continue to Weaken, With Tightening Systemic Liquidity and a Deepening Trade Deficit
– Annual M3 Growth Sank to a 13-Month Low in September 2018, with the Level of the Monetary Base on the Brink of Breaking to a Five-Year Low
– Unemployment Dropped to 3.7%, with Employed Jumping by 420,000, While Payroll Growth Slowed to 134,000 from an Upwardly Revised 270,000; Hurricane Distortions Likely Depressed Both the Unemployment Rate and the Jobs Gain Number, Given Bureau of Labor Statistics Definitional Inconsistencies
– September U.3 Unemployment Dropped to a Record Lower 3.68%, from 3.85%; Yet, Broader U.6 Unemployment Rose to 7.45% from 7.39%. On Top of U.6, ShadowStats-Alternate Unemployment Rose to 21.3% from 21.2%
– Intense Labor-Market Stresses Remained Consistent with Headline Unemployment Near a Record High, Not at a Record Low
– Total August Real Construction Spending, Residential and Nonresidential, Fell for the Third Straight Month; Private Spending Down, Government Spending Up

“No. 972: September Labor Numbers and Money Supply, August Trade Deficit, Construction Spending”

www.shadowstats.com