Posts Categorized: Jim’s Mailbox

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Compliments of GG

Jim

DANGER: This Major Warning Indicator Just Hit An All-Time Record, But This Is Truly Shocking!
September 19, 2017

CAUTION: All-Time Record Number Of People Expect Stock Prices To Surge

This Is Remarkable…

Today legend Art Cashin shared what Jim Brown of Option Investor had to say about the tear the stock market has been on:

As of Thursday, it has been exactly ten months since the S&P has declined 3%. That is the second longest streak since 1928 and beaten only by an 11-month streak that started in 1994. This is also the fourth longest period in the history of the S&P without a 5% decline. While all streaks will eventually be broken, they tend to self perpetuate longer than most people expect. The constant shorting at what is seen to be a top and then the short covering when that top is broken, tends to keep the streaks alive until some event appears that overcomes the dip buying mentality.

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“I don’t throw darts at a board. I bet on sure things. Read Sun-tzu, The Art of War.

Every battle is won before it is ever fought.” — Gordon Gekko (Wall Street)

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Compliments of DP.

Jim

“We’re Firing Trillion Watt Lasers into the Sky”: Top Scientist Admits to Weather Modification on CBS
September 12, 2017

In the aftermath of the devastation wrought by Hurricane Harvey and Hurricane Irma, and Hurricane Jose brewing in the Atlantic, many people are looking for answers as to the increasingly volatile weather being witnessed.

And while climate change is one potential cause, there are other lesser known activities that could potentially be playing a role in the manifestation of these weather anomalies.

While weather modification and geo-engineering are still somewhat taboo subjects to the mainstream, often considered to be in the realm of conspiracy theory, there is a significant body of academic research and science that confirms that these technologies not only exist but are being operationalized.

No, the Free Thought Project is not claiming the government, nor anyone else is making hurricanes or actively controlling the weather. We are only presenting this information because it exists and people should be aware that it exists.

In a segment aired on CBS in 2013, respected scientist Dr. Michio Kaku, a physics professor at City College of New York, discussed – with Charlie Rose and Norah O’Donnell – the science of weather manipulation.

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CIGA Robin with an important reminder!

Bill

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Our good friend Robert checks in with commentary.

A picture says it all. The true state of affairs is all over their faces.

The big arena of play will be when the gold Yuan oil futures contract comes out mid month in October, and how much oil is denominated in Yuan as opposed to dollars. Because this directly hits at the heart of the petrodollar hegemony that has kept the dollar in demand by oil importers.

The interesting question to ponder is what countries will want such convertibility for oil in currency convertible into gold in oil futures and what happens if the US is not on board, to the status of the USD as a reserve currency in terms of decreased demand.

If values takes a hit and rates rise there will be a bloodbath in USD denominated debt globally especially in emerging markets which will make 2008 look like a walk in the park

Cheers

Robert

Rex Tillerson meets Russian counterpart Sergei Lavrov in New York
September 18, 2017

US Secretary of State Rex Tillerson met his Russian counterpart Foreign Minister Sergei Lavrov in New York on Sunday ahead of the UN General Assembly, officials said.

After the meeting, at the Russian delegation to the UN, Tillerson left without saying anything to the reporters, who were initially invited in to cover the opening of the talks but asked to leave before the US official arrived.

Russian Foreign Ministry spokeswoman Maria Zakharova told a reporter that “the meeting was on cooperation in Syria crisis Middle East issues and Minsk agreement,” but when asked how it went said she had not been in the room.

Tillerson and Lavrov “met this evening in New York on the sidelines of the United Nations General Assembly,” department spokeswoman Heather Nauert said in a statement.

“The two recommitted to deconflicting military operations in Syria, reducing the violence, and creating the conditions for the Geneva process to move forward,” she said.

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Jim/Bill,

The “snowflakes” must be running to their “Safe Spaces” seeking psychological counseling on such defamatory language as FRESHMEN!

Let’s all take a moment to pray for them.

CIGA Wolfgang Rech

Yale University Replaces ‘Freshmen’ with Gender Neutral Term
September 18, 2017

Marvin Chun, the dean of Yale College, posted an official statement on the college’s website Sept. 7, explaining the board’s decision to drop “freshman” and “upperclassmen” in favor of terms more gender-neutral.

Chun said the words “first-year” and “upper-level students” have been used by students since he joined the Dean’s Office this summer.

“I want you to know that this terminology now appears in the Undergraduate Regulations and the First-Year Handbook,” he wrote. “And my hope is that by the start of the 2018-2019 academic year, it will appear in all Yale College’s publications and communications.”

Chun added that the college doesn’t plan to compel staff and students to comply with the new terminology.

“I recognize that the terms ‘freshman’ and ‘upperclassmen’ are deeply ingrained in our everyday language and in Yale’s history,” he said. “And I expect that the members of our community, ourselves included, will continue to use these terms as they or we see fit, without feeling that anyone is out of compliance with an official policy.”

Yale does have official policies for staff on how to properly communicate with transgender students and care for their needs. The handbook, “A Guide to Gender-Identity & Affirmation in the Workplace,” was last revised in the fall of 2016. The handbook references the college’s nondiscrimination policy, which states that in no way does “Yale discriminate on the basis of sexual orientation or gender identity or expression.”

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Jim/Bill,

This means that the bull market in gold and silver is starting!

CIGA GG

“Markets Are Wrong”: Hugh Hendry Shuts Down His Hedge Fund; Here Is His Farewell Letter
September 15, 2017

In the beginning, Hugh Hendry was the consummate contrarian bear, which helped him make a killing a decade ago when everyone else was blowing up. Unfortunately for him, he did not realize just how far the central planners were willing to take their monetary experiment, so after the market troughed in 2009, he kept his bearish perspective, which cost him dearly in terms of missed gains and lost capital under management, until one day in November 2013, he capitulated and turned bullish, infamously saying “I cannot look at myself in the mirror; everything I have believed in I have had to reject. This environment only makes sense through the prism of trends.”

Since then, the reborn Hendry who would never again fight central banks, gingerly made his way, earning his single digit P&L…

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Jim/Bill,

This is why China has been so prescient in developing their own payment system.

They saw the writing on the wall. Distancing themselves from U.S. hegemony.

This may certainly be a case where the U.S. is cutting of their nose, to spite their face.

“In other words, to force compliance with the North Korean sanctions, Mnuchin threatened Beijing with not only trade war, but also a lock out from the dollar system, i.e. SWIFT, something the US did back in 2014 and 2015 when it blocked off several Russian banks as relations between the US and Russia imploded.”

Eliminating money transfers and hence trade with China, in addition to forcing the East to utilize the Yuan/Ruble proxy for trade in lieu of the U.S. Dollar.

Bad move (if you don’t own gold).

And the kicker is…………..China sided with the U.S. in UN sanctions against North Korea! WFT?

CIGA Wolfgang Rech

US Threatens To Cut Off China From SWIFT If It Violates North Korea Sanctions
September 13, 2017

In an unexpectedly strong diplomatic escalation, one day after China agreed to vote alongside the US (and Russia) during Monday’s United National Security Council vote in passing the watered down North Korea sanctions, the US warned that if China were to violate or fail to comply with the newly imposed sanctions against Kim’s regime, it could cut off Beijing’s access to both the US financial system as well as the “international dollar system.”

Speaking at CNBC’s Delivering Alpha conference on Tuesday, Steven Mnuchin said that China had agreed to “historic” North Korean sanctions during Monday’s United Nations vote. “We worked very closely with the U.N. I’m very pleased with the resolution that was just passed. This is some of the strongest items. We now have more tools in our toolbox, and we will continue to use them and put additional sanctions on North Korea until they stop this behavior.”

In response, Andrew Ross Sorkin countered that “we haven’t been able to move the needle on China, which seems to be the real mover on this, in terms of being able to apply the real pressure. What do you think the issue is? What is the problem?”

The stunner was revealed in Mnuchin’s answer: “I think we have absolutely moved the needle on China. I think what they agreed to yesterday was historic. I’d also say I put sanctions on a major Chinese bank. That’s the first time that’s ever been done. And if China doesn’t follow these sanctions, we will put additional sanctions on them and prevent them from accessing the U.S. and international dollar system. And that’s quite meaningful.”

And to underscore his point, the Treasury Secretary also said that “in North Korea, economic warfare works. I made it clear that the President was strongly considering and we sent a message that anybody that wanted to trade with North Korea, we would consider them not trading with us. We can put on economic sanctions to stop people trading.”

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This is homemade de-dollarization.

The Swift system threat is old news.

Both China and Russia are prepared with their own payment and receive system. Now you will see the growth of the Brics, with their own system in place. We certainly have left over geniuses from the last administration in the charge of the mechanics finance. To complete the farce, all we need is a reappointment of the Chair at the Federal Reserve.

Jim

 

Isn’t this exactly what China is moving towards anyway?

Bill

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Jim/Bill,

In the first week of September, my salary increased 20%, when accounting for calendar adjustments. (Only worked 4 days, with Labor Day off).

“When accounting for calendar adjustments, the deficit last month was $97 billion compared with an adjusted deficit of $107 billion the prior year. ”

Why don’t I feel 20% richer?  Isn’t it real?

CIGA Wolfgang Rech

U.S. Government Posts $108 Billion Deficit in August
September 13, 2017

WASHINGTON (Reuters) – The U.S. government recorded a $108 billion deficit in August, the Treasury Department said on Wednesday.

That compared with a budget deficit of $107 billion the same month one year earlier, according to Treasury’s monthly budget statement.

Economists polled by Reuters had forecast the Treasury reporting a $119.5 billion deficit last month.

When accounting for calendar adjustments, the deficit last month was $97 billion compared with an adjusted deficit of $107 billion the prior year.

The deficit for the fiscal year to date was $674 billion, compared to $619 billion in the same period of fiscal 2016. On an adjusted basis, the fiscal-year-to-date deficit was $705 billion last month versus $619 billion in the year-earlier period.

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Dear JB,

When you own crowd screws you, what do you do? Find a new crowd. That is business.

Jim

Most Voters Welcome Trump’s Outreach to Congressional Democrats
September 13, 2017

Despite their failure to advance President Trump’s agenda, congressional Republicans aren’t happy about his outreach to Democrats in the House and Senate, but most voters think it’s a great idea.

A new Rasmussen Reports national telephone and online survey finds that 66% of Likely U.S. Voters say it is good for the country if Trump works with congressional Democrats to advance his agenda. Just 13% think the bipartisan cooperation is bad for the country, while 21% are undecided. (To see survey question wording, click here.)

Only 19% believe the president should continue to rely on congressional Republicans to pass his agenda. That’s down from 29% in early April. Sixty-five percent (65%) now feel he should reach out more to Democrats in Congress for help versus 58% who felt that way five months ago. Sixteen percent (16%) are not sure.

Republicans (72%) are even more enthusiastic about the president working with congressional Democrats than Democrats (62%) and voters not affiliated with either major party (63%) are.

Trump surprised his fellow Republicans when he bypassed them last week to strike a deal with congressional Democrats to move quickly on aid for victims of Hurricane Harvey and to raise the ceiling on government money borrowing until mid-December.

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Finally an arrest (of another lackey), waiting to see his boss get it too.

CIGA JB

Former UBS Trader Arrested, Charged With Rigging Gold Prices
September 13, 2017

Three years after we first identified the former head of UBS’s gold desk in Zurich as someone directly implicated in the rigging of precious metals prices, Bloomberg reports that Andre Flotron, a Swiss resident, was arrested while visiting the U.S., according to people familiar with the matter.

Having been “on leave” since 2014, it appears Andre’s hope that he was gone but “keen to return in due time” are now up in smoke.

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What can possibly go wrong here?

CIGA JB

Study: American Credit Card Debt Close to $1 Trillion
September 11, 2017

Americans are racking up close to $1 trillion in credit card debt, according to a new study.

The study conducted by personal finance website WalletHub found that American credit card debt rose by 6 percent to $936.10 billion, up from $884.70 billion in 2016.

In the second quarter of 2017, U.S. consumers added $33 billion in debt with credit cards — the second-highest amount of debt since 2008.

WalletHub predicts that U.S. consumers will amass $60 million more in debt with credit cards by the end of 2017, pushing the total amount of credit card debt in America to $1 trillion.

The study notes that the average household credit card balance in the U.S. went up to $7,996 in 2017, up from $7,584 during the same period in 2016.

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Jim/Bill,

Funny thing happened to me on my way to old age.

Never thought I’d see the day when inflation was bad for gold!

CIGA Wolfgang Rech

Gold Weakens As U.S. Inflation Beats Expectations In August
September 14, 2017

(Kitco News) – Gold prices fell on Thursday following better-than-expected U.S. inflation data from August.

The U.S. Consumer Price Index rose 0.4% in August, after edging up just 0.1% in July, the U.S. Labor Department said on Thursday. Consensus forecasts were calling for a rise of 0.3%.

The pickup was mainly led by increased gasoline and shelter costs, both rising 6.3% and 0.5%, respectively, the report said.

Annualized inflation also beat forecasts by coming in at 1.9% instead of the expected 1.8%.

In an immediate reaction to the data, gold prices plunged, with December Comex gold trading at $1,322.10, down 0.47% on the day. Thursday’s New York trading session began with gold modestly lower, as the yellow metal was still going through a corrective pullback after reaching a 12-month high last week.

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Coutresy of CIGA JB

Jim

De-Dollarization Spikes – Venezuela Stops Accepting Dollars For Oil Payments
September 14, 2017

Did the doomsday clock on the petrodollar (and implicitly US hegemony) just tick one more minute closer to midnight?

Apparently confirming what President Maduro had warned following the recent US sanctions, The Wall Street Journal reports that Venezuela has officially stopped accepting US Dollars as payment for its crude oil exports.

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Bill/Jim,

Every time North Korea launches another missile, there’s a flight to safety.

What’s interesting is that the flight is to gold…and even the Yen (which you would think be the last place for safety with NK on their doorstep)

Forget Waldo…Where’s the Dollar?

No flight to the Dollar. That speaks volumes!

CIGA Wolfgang Rech

Gold, Yen Spike (Again) After Another North Korea Missile Launch Prep Headline
September 14, 2017

Gold and Yen spiked this morning (right before CPI) on the back of Nikkei headlines about preparation being observed for another North Korean missile launch (following overnight news that US officials had confirmed). Now Reuters reports that defense officials have confirmed to Fox News that North Korea is prepping for a new missile launch and gold and yen are bid once again.

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Reality of what the media will soon forget. Apart from the agony and misery homeowners and their families face in Houston and now Florida in rebuilding their lives, they will not be ready consumers of frills in the economy which will continue for years. Normalization of the life they had will be a priority. And this will extend beyond local residents, especially in Florida.

Cheers,

Robert

On Repairing/Rebuilding 100,000+ Damaged Houses
September 10, 2017

Almost lost in all the dollar estimates of property damage is the human loss, suffering and stress.

I am not an expert in repairing flood damage, or in dealing with insurance companies, FEMA or all the other pieces that will go into homeowners getting the funding needed to repair or rebuild their homes.

But I do know a bit about construction after 44 years in the field, and I have been soberly reflecting on the many hurdles that face everyone involved in restoring / repairing tens of thousands of homes, more or less all at the same time.

Preliminary estimates set the number of flood-damaged homes in Houston at around 100,000. More recent estimates put the number at around 40,000.

No one yet knows how many homes in Florida have been damaged by Hurricane Irma, but the number will undoubtedly be a big one.

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It’s happening.

CIGA JB

House Intel Committee Subpoenas Sessions And Wray Over Trump Dossier
September 6, 2017

The House Intelligence Committee got nowhere when it subpoenaed the Federal Bureau of Investigation and the Department of Justice in relation to the Trump dossier, an unsubstantiated intelligence report, originally originally published by BuzzFeed in January, which details a possible connection between President Donald Trump and Russia, including contact between Russian agents and Trump, along with allegations of lewd conduct.

The FBI and DOJ had until Sept. 1 to comply with the subpoenas. Both failed to do so, so now the committee is going after individual officials.

“We got nothing,” explained Rep. Trey Gowdy, R-S.C., the leader of the committee’s Russia probe. “The witnesses have not been produced and the documents have not been produced.”

Subpoenas have now been issued directly to Attorney General Jeff Sessions and FBI Director Christopher Wray, and the committee has also has extended the deadline of the original subpoenas to Sept. 14.

These subpoenas demand that the two explain, to the committee and in person, why the initial subpoenas were not fulfilled, according to a report from the Washington Examiner.

For months the committee has been seeking information on the FBI’s relationship to the dossier’s author, Christopher Steele, a former British intelligence agent.

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Live video feed from Miami Webcams.

CIGA JB

http://www.miamiandbeaches.com/plan-your-trip/see-miami-webcams#webcams

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Compliments of CIGA JB
Jim

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This means shut off all incoming power to your office and home as a precaution to protect complex electronics.

CIGA JB

FULL CORONAL MASS EJECTION NOW SHOWING ON SATELLITES

Stereo A has picked up a Massive CME that is headed toward Earth. All Links @ http://www.bpearthwatch.com/