Posts Categorized: Jim’s Mailbox

Posted by & filed under Jim's Mailbox.

Jim/Bill,

We talked about this on Saturday.

Dave

The Next Pearl Harbour? China’s Gold-Backed Crypto Currency Will Blindside US Dollar
December 9, 2019

“A date which will live in infamy.”

Indeed, this weekend marks the 78th anniversary of the attack on Pearl Harbor in Hawaii, which opened the door for the United States to enter World War II. Turn on your TV and you will see military mavens rambling on, pontificating about ‘the defense of the realm’, all the while completely aloof and unaware of the American empire’s real Achilles heel.

Recent, financial pundit and TV host Max Keiser outlined such a scenario, and warned that the US will be blind-sided the day that China introduces its gold-backed crypto currency – an absolute game changer which would create a “catastrophic trapdoor opening underneath the US economy,” said Keiser.

More…

 

Jim/Bill,

Pentagon leaders lied to the public for 18 years. Who would have thought they would do such a thing?

Dave

“Undeniable Evidence”: Explosive Classified Docs Reveal Afghan War Mass Deception
December 9, 2019

In what’s already being hailed as a defining and explosive “Pentagon papers” moment, a cache of previously classified documents obtained by The Washington Post show top Pentagon leaders continuously lied to the public about the “progress” of the now eighteen-year long Afghan war.

The some 2,000 pages of notes from interviews of senior officials who have shaped US strategy in Afghanistan confirm that “senior US officials failed to tell the truth about the war in Afghanistan throughout the 18-year campaign, making rosy pronouncements they knew to be false… hiding unmistakable evidence the war had become unwinnable,” according to the bombshell Post report.

More…

Posted by & filed under Jim's Mailbox.

Jim/Bill,

Why is the question. Do they know something the public does not?

Dave

Central Bank Gold Demand Has Surpassed 2018’s 50-Year Record
December 4, 2019

(Kitco News) – Central bank gold demand officially hit a new multi-decade record and although purchases have slowed recently, one market analysts expects that demand to continue.

In a report published Monday, independent commodity analyst Matthew Turner, noted that central bank gold purchases totaled 550 tons as of October, up 17 tons from total purchases in 2018, which saw the biggest gold buying spree in 50 years.

Turner noted that the gold market benefited from a frenzy of central bank activity at the start of the year as 390 tons were purchased in the first half of 2019. In the second half, the pace has fallen to 160 tons so far.

Slowing purchases out of Russia and China have impacted the global numbers, Turner noted. The Russian central bank has been reducing its gold purchases in an attempt to encourage domestic producers to export their gold, he added.

More…

 

Jim/Bill,

This is a very eye opening read!

Dave

The Short Road: Democracy to Fascism
December 8, 2019

Fascism is a political ideology fundamentally authoritarian in character, with a strong nationalism and an essentially belligerent militaristic outlook. Fascism carries primarily a corporate perspective as opposed to a socialist view, directed to satisfying the needs, values and objectives of finance and corporations, organising both the economy and the political system according to this agenda.

A fascist government actively suppresses any objection to its ideology and typically will crush any movement which opposes it. In keeping with their belligerent nature, fascist governments generally view violence and war as stimulants to national spirit and vitality.

Being politically Right-Wing, they maintain their position through firm control or compliance of the media, and most often engage in a vast array of lies and deception. These governments tend to be bigoted, if not racist, invariably require “enemies” to achieve public solidarity, and are often supremacist or at least ‘exceptional’ in their self-assessment. They either believe, or pretend to believe, that they have a license on truth. Large military budgets, the creation and demonisation of fictitious enemies to propagate fear and maintain population control, are all typical characteristics of a fascist regime, as is massive public surveillance.

More…

 

Jim/Bill,

This is a very well done piece that our readers should see.

Only an educated citizen can make educated decisions.

Dave

Episode 368 – The Douma Hoax: Anatomy of a False Flag
December 7, 2019

As whistleblowers and documents continue to destroy the narrative surrounding the alleged chemical weapons attack in Douma, Syria last year, it is becoming increasingly apparent that this false flag event has been exposed. This week on The Corbett Report podcast, James goes through the remarkable timeline of the Douma hoax and breaks the spell that the propagandists have sought to cast on the public.

More…

Posted by & filed under Jim's Mailbox.

Jim/Bill,

On Saturday, we talked about Hong Kong.

Dave

Measures Will Counter U.S. Interference
November 29, 2019

Washington to bear consequences of signing HK bill into law, vice-FM says

China said on Thursday that it will take powerful measures to counter U.S. actions that interfere in the country’s internal affairs and harm its interests after United States President Donald Trump signed the so-called Hong Kong Human Rights and Democracy Act of 2019 into law.

“We strongly urge the U.S. side not to implement the act to avoid affecting China-U.S. relations and bilateral cooperation in key areas,” Foreign Ministry spokesman Geng Shuang said at a regular news conference in Beijing.

When asked about details of the countermeasures, Geng said they will be made known to the public, but did not say when.

On the same day, Vice-Foreign Minister Le Yucheng summoned U.S. ambassador to China Terry Branstad. Le called the move stark bullying. The Chinese government and people express strong indignation and firm opposition to it, Le told Branstad, and the U.S. side must bear all the consequences resulting from China’s resolute countermeasures.

Geng said the intention of the U.S. is very vicious, bolstering violent criminals who smashed facilities, attacked innocent residents and trampled on the rule of law and social order.

Its fundamental purpose is to destroy Hong Kong’s prosperity and stability, undermine the great practice of “one country, two systems” and barricade the historical process of realizing the great rejuvenation of the Chinese nation, he said.

On Thursday, the government of the Hong Kong Special Administrative Region also expressed strong opposition to and extreme regret over Trump’s signing of the bill, saying the U.S. move has absolutely nothing to do with Hong Kong human rights and democracy.

More…

 

I hope you had a Happy Thanksgiving! Well the Deep State is in hyperdrive to disillusion the public on the IG Report, Barr and Durham. I just released this 2 part video on the facts and the deep state’s evidence fabrication. You will never hear any of this in the bought off lame stream fake media.

Warm Regards,

Dave

Posted by & filed under Jim's Mailbox.

Bill/Jim,

Apart form the global impact of reduced pork production as a result, this is a very real threat to China’s hegemony globally.

While China can use so called loans to extend its’ reach or even cause Russian contractors to act as a distraction or hidden extension of hegemony; it cannot escape the reality of the impact on feeding its’ people nor the contracting economies that are lowering the ability of all manner of organizations in China to service debt. Nor will bailouts of such government organizations by government banking entities which in of themselves are in distress add liquidity.

Add to this the attack of the ARMY WORM which has run its’ course throughout Asia will come home to roost shortly.

The question the world needs to ask is how will it fare in a world of declining meat protein (pork) next year when hunger becomes a reality in China. Places like North Korea will face starvation on a mass scale.

The next several years will be tough globally as nations like China are forced to face food and financial realities with secondary impact on those nations relying on their favor. This is also true in the west where a scarcity of liquidity exists amongst a deteriorating profit amongst many companies coping with declining sales volumes as consumers are forced to curtail spending.

With China in financial and food distress the march of recent hegemony expansion will all be changing with very real fallout for many parties.

Cheers,

Robert

China’s African Swine Fever Now Global Threat
November 30, 2019

The worst outbreak of fatal African Swine Fever disease ever has devastated the world’s largest pig population, that of China, over the past months. Now it is spreading to neighboring states and even threatens the United States pig herds. The political and human impact could be far worse than imagined as a de facto pandemic disease situation spreads. Globalization of agribusiness is not helping matters.

On August 3, 2018 a case of African Swine Fever (ASF) was confirmed in China’s Liaoning Province. Since then despite various measures to contain the deadly disease it has spread across China where as of November, 2019 in little more than a year, nearly half of China’s huge pig population has either died or been eliminated in a desperate effort to contain the disease. ASF is not deadly to humans but is 100% fatal to any pig that is infected. There is no known treatment to cure it. It can be spread by direct contact with an infected pig, body fluids, contact with equipment or clothing and via certain tick species.

The China Agriculture Ministry issued a report in August that the size of China’s live pig herd had declined by a very precise 38.7% from August 2018. Industry sources suspect underreporting and put the actual number at more like 50%. In any event it is huge, and has impacted the politically sensitive measure of China food price inflation over the past year. Pork is a mainstay of the Chinese diet for meat protein and considered a national security issue. Most pigs in China are raised by small-scale farmers who face ruin now. According to reports inside China this has led many desperate small farmers to try to hide the presence of ASF in their herds, to slaughter and sell, to avoid financial ruin.

More…

 

Jim/Bill,

Every Saturday, I try to drive this point home; the whole system is rigged…everything is rigged!

Dave

Hitchens: “If Bodies Like OPCW Cannot Be Trusted…World War 3 Could Be Started By A Falsehood”
December 1, 2019

. . .

But I’ve never seen one like this. It scared me. If it was true, then something hugely dishonest and dangerous was going on, in a place where absolute integrity was vital.

If bodies such as the OPCW cannot be trusted, then World War Three could one day be started by a falsehood.

Last week I reported on the first episode in this story. Within days the OPCW had confirmed that the email I leaked was authentic.

Nobody followed me home or threatened me. A few silly people on social media told blatant lies about me, insinuating that I was somehow a Russian patsy or a defender of the disgusting Syrian regime that I have been attacking in print for nearly 20 years. That was what I had expected.

But there is much more to come. And, as it grows harder for everyone to ignore this enormous, dangerous story, I suspect I shall be looking over my shoulder rather more than usual.

More…

Posted by & filed under Jim's Mailbox.

Jim/Bill,

I have brought up Fethullah Gulen many times during our Saturday talks. Here is a very good list of sources regarding him.

Dave

Gulen-FETO Network Exposed: The Only Independent Source On All Things Gulen In One Place
August 23, 2019

In the past few weeks I’ve been receiving hundreds, if not thousands, of inquiries from all over the world asking me why I am not a participant in the recent State-Commissioned documentary on Fethullah Gulen and his network by TRT-World. It is understandable. After all, I was the first (and only) person to expose Gulen and his CIA network to the world nearly two decades ago- despite the repeated invocation of the State Secrets Privilege Act and various gag orders.

Producing documentaries is one of the most powerful means of delivering information, exposing truths, and raising awareness of issues. It is an art. But this same powerful tool can also be used as means to deliver misinformation, distort realities and facts, and further agendas not in-line with those of the general public.

Let me give you an example. I have been promoting and supporting Director Mark Hall’s amazing exposé on Gulen’s Charter Schools and networks in the United States in the form of a solid independent documentary- Killing Ed. But before I began to do this, I did my homework: I extensively researched him, his sources and his funding. I spoke with him on the phone- many times. I met with him- in person. I admire him and his work tremendously.

More…

 

Jim/Bill,

This Henry should not be taken lightly.

Dave

Henry Kissinger Gets It… US ‘Exceptionalism’ Is Over
November 29, 2019

Former US Secretary of State Henry Kissinger made prudent remarks recently when he said the United States is no longer a uni-power and that it must recognize the reality of China as an equal rival.

The furor over a new law passed by the US this week regarding Hong Kong and undermining Beijing’s authority underlines Kissinger’s warning.

If the US cannot find some modus vivendi with China, then the outcome could be a catastrophic conflict worst than any previous world war, he admonished.

Speaking publicly in New York on November 14, the veteran diplomat urged the US and China to resolve their ongoing economic tensions cooperatively and mutually, adding: “It is no longer possible to think that one side can dominate the other.”

More…

 

Jim/Bill,

You both have said, Gold is the only real money.

Dave

German Central Bank: Gold Is The Bedrock Of Stability For The International Monetary System
November 25, 2019

It was long believed in the gold space that Western central banks are against gold, but things have changed, for quite some years now. Instead of discouraging people from buying gold, or convincing them that gold is an irrelevant asset, many of these central banks are increasingly honest about the true properties of this monetary metal. Stating that gold is the ultimate store of value, that it preserves its purchasing power through time and is a global means of payment. Such statements, combined with actions that will be discussed below, reveal that more and more central banks are preparing for plan B.

The Bundesbank (the German central bank) published a book last year named Germany’s Gold. In the introduction, written by the President of the Bundesbank Jens Weidmann, the view of this bank leaves no room for interpretation. Weidmann writes (emphasis mine):

    Ask anyone in Germany what they associate with gold and, more often than not, they will say that it is synonymous with enduring value and economic prosperity.

More…

 

Jim/Bill,

I brought this up on Saturday for listeners.

Dave

Full-Spectrum Dominance

Full-spectrum dominance also known as full-spectrum superiority, is a military entity’s achievement of control over all dimensions of the battlespace, effectively possessing an overwhelming diversity of resources in such areas as terrestrial, aerial, maritime, subterranean, extraterrestrial, psychological, and bio- or cyber-technological warfare.

More…

 

Jim/Bill,

A point I made on Saturday…

Dave

Hong Kong Is In An Unwinnable Position
November 27, 2019

It is difficult to be optimistic about Hong Kong over the long-term. If you want to call a spade a spade you might even go as far as to say, Hong Kong is doomed. For months hundreds of thousands and at times over a million Hong Kong citizens have taken to the streets to protest several proposed amendments concerning how they are governed. The protesters, predominantly young people, some dressed in black and wearing face masks are often seen dragging metal barriers, linking arms, closing off roads, and surrounding government buildings.

Still, it is bigger than this, civic groups and small businesses have joined in at times with general strikes and school boycotts to “defend Hong Kong.” This started over an amendment that included a mechanism for extraditions to mainland China that triggered fears that Beijing could detain people in Hong Kong and try them on the mainland under China’s more opaque legal system. Mounting opposition has stirred from all corners of society, including business-people, lawyers and activists, who say the bill would undermine Hong Kong’s relative autonomy and independent judicial system.

While you might want to consider the idea Hong Kong has no future as simple doom porn certain social and economic factors are coming together that paint a picture devoid of hope. For the protesters, this has become a damned if you do damned if you don’t situation. While Hong Kong is considered a city by most people, it is officially the Hong Kong Special Administrative Region of the People’s Republic of China. With over 7.4 million people of various nationalities in a 1,104-square-kilometre territory. it is one of the most densely populated places in the world. For many years the area flourished as a tax haven for the British and European elite. The continued viability of Hong Kong was questionable even before the Brits turned it over to China.

More…

 

Jim/Bill,

On Saturday, we talked about the dollar dying soon…

Dave

Will America’s Trade Policy End Up Destroying The Dollar?
November 30, 2019

Authored by Alasdair Macleod via GoldMoney.com,

America’s tariffs against China are already showing signs of undermining the global economy and will create a funding crisis for the Federal Government when it leads to foreigners no longer buying US Treasury debt and selling down their existing dollar holdings. A subversive attempt by America to divert global portfolio investment from China by destabilising Hong Kong will force China into a Plan B to fund its infrastructure plans, which could involve actively selling down her dollar reserves and hastening the introduction of a new crypto-based trade settlement currency.

The US budget deficit will then be financed entirely by monetary inflation. Furthermore, the turn of the credit cycle, made more destructive by trade tariffs, is driving the global and US economy into a slump, further accelerating all indebted governments’ dependency on inflationary financing. The end result is America’s trade policies have been instrumental in hastening the end of the dollar as the world’s reserve currency, ultimately leading to its destruction.

More…

 

A world wide run on gold is on…now…”soon has arrived”.

https://www.zerohedge.com/economics/china-braces-unprecedented-massive-default-state-owned-enterprise

 

https://www.zerohedge.com/markets/second-bank-run-two-weeks-chinas-banks-are-caught-self-destructive-doom-loop

 

http://www.alt-market.com/index.php/msm/4014-trump-signs-hong-kong-protestor-bill-china-threatens-countermeasures

 

https://www.zerohedge.com/economics/how-47-billion-gold-was-secretly-moves-london-poland

 

https://www.zerohedge.com/news/2019-11-28/impending-junior-mining-mania-it-going-be-exactly-same-time

Posted by & filed under Jim's Mailbox.

Jim/Bill,

Divide and conquer works every time!

Dave

Democracy Is The Ideal Distraction
November 27, 2019

Authored by Jeff Thomas via InternationalMan.com,

In the days of yore, there were kings. Everybody could agree to hate the king because he was rich and well-fed, when most of his minions were not.

Then, a more effective system was invented: democracy. Its originators had in mind a system whereby the populace could choose their leader from amongst themselves – thereby gaining a leader who understood them and represented them.

In short order, those amongst the populace who wished to rule found a way to game the new system in a way that would allow them to, in effect, be kings, but to do so from behind the scenes, whilst retaining the illusion of democracy.

The formula is to create two opposing political parties. Each is led by someone who’s presented as being a “representative of the people.”

You then present the two parties as having opposing views on governance. It matters little what the differences are. In fact, you can have the differences be as obscure and arbitrary as, say, gay rights or abortion, and they will work as well as any other differences. What matters is that your two parties object to each other strenuously on the declared issues, working the electorate into a lather.

More…

 

Jim/Bill,

Readers need to realize they are being lied to all the time.

Dave

Mainstream Policy Expert Reveals How He Was Silenced On Syria: “Truth Did Not Matter”
November 29, 2019

A mainstream media and academic expert this week issued a rare admission: that pretty much everything the establishment has fed the public on Syria is false or distorted; but it remains that after tragic eight-year long war is slowly coming to a close, new indisputable facts are coming to light. “Truth did not matter at all,” he admits after years of providing commentary for mainstream publications.

In a lengthy thread on Twitter, counter-terrorism author and assistant professor of political science and public policy at Northeastern University Max Abrahms exposed how he saw the ‘narrative managers’ at work from the inside of the establishment think tank world and media. As his own research came to uncover and document the truth of what was happening in Syria, “the media would excise me and the research from their stories” he revealed. His work in the early years of the war appeared in The New York Times and other major outlets, however, he was increasingly censored and pushed out of a number of platforms for speaking inconvenient truths.

Below is his full commentary, written in the wake of the new OPCW leaks which the mainstream is still trying hard to ignore.

More…

 

Jim/Bill,

Info you will not get from MSM that all readers should know.

Dave

Hong Kong Ensnared In The West’s Color Revolution Hot Box – The Latest News And Analysis
November 28, 2019

I have a file on Hong Kong (HK) as thick as my hand and several concerned people have emailed me, asking me to write something. So, here is an update.

I wrote about the long, sordid history of colonial and post-colonial Hong Kong at great length in The China Trilogy. It makes for fascinating reading, from Britain’s and the US’s global illegal drug and money laundering capital, to a nominal Chinese city, which in reality is still a British colony in all but name.

I have written many HK articles available on China Rising Radio Sinoland, including being guest on TV and radio. I didn’t realize how much work I’ve published on it, until I put this list together. They are all still very valid and up to date with what’s going on, since the West only has one monovision playbook of global capitalism, war, color revolutions and chaos against its enemies. Instead of repeating myself, here they are for your perusal. If you see Hong Kong in the title, that means it’s the main focus.

More…

 

Jim/Bill,

There are many reporters out there countering the western MSM propaganda.

Dave

Western Counter-Revolution Tragically On Display At Gas Price Hike Protests
November 29, 2019

by Ramin Mazaheri for The Saker Blog cross-posted with PressTV

(Ramin Mazaheri is the chief correspondent in Paris for Press TV and has lived in France since 2009. He has been a daily newspaper reporter in the US, and has reported from Iran, Cuba, Egypt, Tunisia, South Korea and elsewhere. He is the author of the books ‘I’ll Ruin Everything You Are: Ending Western Propaganda on Red China’ and the upcoming ‘Socialism’s Ignored Success: Iranian Islamic Socialism’.)

A simple question for you: are there, for lack of a better word, “counter-revolutionaries” in Ukraine, Hong Kong or Syria? By that I mean: do those nations have people on the far extremes of the political spectrum who will provoke, take advantage of and even relish in violence against their governments?

Obviously, only a liar or somebody foolishly playing devil’s advocate would not respond that, yes, in these nations there are many such persons – the proof is overwhelming.

So why would it be so hard to believe that there are such persons – counter-revolutionaries – in Iran, and that they hijacked recent protests over gas price hikes to provoke, take advantage of and devilishly relish in death and violence against the government? Iran, unlike the nations I listed – and unlike almost every nation, period – actually had a popular revolution for extremists to counter in the first place.

More…

 

Jim/Bill,

When, not if, will China tells MBS they will only pay in Yuan.

Dave

China Chugs Saudi Oil, Drawing MBS Into Its Orbit
November 28, 2019

China has upped its imports of Saudi oil significantly, part of a bid to draw Crown Prince Mohammed bin Salman into its orbit amid an ongoing trade war with the United States.

Beijing’s crude oil imports from Saudi Arabia rose to nearly 2 million barrels per day (bpd) in October, up 24 million bpd or 76.3% compared to the previous month, Saudi daily Asharq al-Awsat reported, citing China’s General Administration of Customs.

Two new Chinese refineries – Hengli Petrochemical and Zhejiang Petrochemical – played a major role in the bump, the Saudi daily said.

While US sanctions on Venezuela, and to a lesser extent on Iran, have played a role in the Chinese leaning on Saudi Arabia for the crucial commodity, Beijing is also looking to Riyadh as a key bulwark against Trump’s trade war.

More…

Posted by & filed under Jim's Mailbox.

Jim/Bill,

If Americans want to know who is in charge of running their country, the release of the records would be a good place to start.

Dave

JFK: What The CIA Hides
November 22, 2019

Authored by Jefferson Morley via Counterpunch.org,

When I launched JFK Facts, a blog about the assassination of President John F. Kennedy, in 2012, I was often asked by strangers, “So who killed JFK?”  “I don’t know,” I shrugged. “It’s too early to tell.” Given that the handsome liberal president had been shot dead a half-century before, my answer was a lame joke based on an apocryphal story. Henry Kissinger once said that when he asked Zhou Enlai, “What was the effect of the French Revolution on world history?” the Chinese statesmen replied, “It’s too early to tell.”

True to Kissingerian form, the story turns out to be not exactly true. Zhou was actually responding to a question about France’s political convulsions in 1968, not 1789.

But Kissinger’s spin on the anecdote struck me as perceptive. 

More…

 

Jim/Bill,

This week is the anniversary of the Kennedy assassination and MSM was consumed with the impeachment show, hence, the anniversary has received little to no coverage. I wanted remind readers with this article.

Dave

The JFK Files: What Gov. Connally Told Celente That Every American Should Know
Yesterday was the 56 anniversary of the assassination of John F. Kennedy. Not a story about it in the major media…New York Times, Wall Street Journal, CNN.com, etc.

Also forgotten was President Trump’s broken promise to release all the confidential files of John F. Kennedy’s assassination by 26 April 2018.

Here is the inside story told to me by then-Texas Gov. John Connally, who was seriously wounded when he took a bullet in the back sitting in front of Kennedy.

More…

Posted by & filed under Jim's Mailbox.

Jim/Bill,

As John Whitehead explained, in the article I put up for post recently, for too long now, the American people have played politics with their principles and turned a blind eye to all manner of wrongdoing when it was politically expedient, allowing Congress, the White House and the Judiciary to wreak havoc with their freedoms and act in violation of the rule of law.

Dave

Democrats In Congress Reauthorize Patriot Act, Again
November 20, 2019

“Nearly every Democratic member of the U.S. House of Representatives voted to fully reauthorize the Patriot Act through March 2020, extending the right of federal agents to use all sorts of secret surveillance against Americans,” reports Reason.

As the EFF says, “The USA PATRIOT Act broadly expands law enforcement’s surveillance and investigative powers and represents one of the most significant threats to civil liberties, privacy, and democratic traditions in US history. [It] gives sweeping search and surveillance to domestic law enforcement and foreign intelligence agencies and eliminates checks and balances that previously gave courts the opportunity to ensure that those powers were not abused. PATRIOT and follow-up legislation now in development threaten the basic rights of millions of Americans.”

More…

 

Jim/Bill,

A very good article written by Brandon Smith.

Dave

Trump Vs. Warren, & The Fake Battle Against The Elites
November 21, 2019

. . .

Americans are suckers for fake “people’s candidates” and always have been.

But perhaps I should expand on this with some real world examples. How about Jimmy Carter, who started out his presidential campaign with a dismal 4% in the Democratic polls. Carter would go on to explode in popularity after attacking what he referred to as the “Washington insiders”, the elites that ran the show from behind the curtain. A widely distributed paperback book that promoted Carter during his campaign called “I’ll Never Lie To You: Jimmy Carter In His Own Words” quoted the candidate as saying at a Boston rally:

  “The people of this country know from bitter experience that we are not going to get … changes merely by shifting around the same group of insiders.”

His own top aide, Hamilton Jordan, promised:

  “If, after the inauguration, you find a Cy Vance as Secretary of State and Zbigniew Brzezinski as head of National Security, then I would say we failed. And I’d quit.”

More…

 

Jim/Bill,

Let’s be clear, it’s not just the ECB.

Japan, Switzerland, many individual European countries are already doing so.

And don’t believe for one second that the U.S. isn’t considering the same. They already control the equity markets vis-a-vis purchasing of S&P Futures.

“Muller (the youngest member of the ECB’s Governing Council at 42) also noted the usual disclaimers the precede any episode of full-blown equity purchases by an entity that literally prints money out of thin air, stating that policy makers also have to be ‘aware of different side effects and think twice before you do something,’ ”

Remember the spike in inflation back in 1980? It went vertical on the charts! It took Paul Volker a lot of tap dancing, along with 20-25% interest rates to stem its onslaught. Only this time it will be more than just the economy that will be decimated.

Think of all the investors sitting on the unprecedented amount of bonds today!

-Ever wonder where those bonds will be priced at 25% interest rates? And the pain to investors?

-Ever wonder what the governments’ funding cost will be at 25%? And the pain to the public’s tax obligations?

-Ever wonder what will happen to the quadrillion in derivatives that are priced off interest rates?

At least the Central Banks are making it simple for us. DON’T short the market. Short the countries!

And the best shorting method is……. long GOLD!

CIGA Wolfgang Rech

…which means what Wolfgang? Currency will be backed by bubbled stocks?

Bill

ECB Member Hints Central Bank Will Buy Stocks When Situation Gets “Really Bad”
November 18, 2019

Following last month’s IMF summit where central bankers from around the world conceded the negative rates no longer stimulate the global economy, the ECB’s new head, convicted criminal Christine Lagarde has found herself in a quandary: besides demanding a fiscal stimulus boost from Germany, one which is unlikely to come for at least another 6 months now that Berlin narrowly avoided a technical recession, what else can she demand to stimulate Europe’s moribund growth at a time when Europe’s key offshore growth dynamo, China, is not only set to grow at the slowest pace on record but is furiously exporting deflation?

The answer came on Saturday courtesy of ECB policy maker Madis Muller, the governor of the Bank of Estonia, who essentially hinted that the ECB could very well buy stocks during the next recession, saying that the central bank could broadened its asset-purchase program, if the economic situation in the euro area deteriorates significantly.

More…