Posts Categorized: Jim’s Mailbox

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Jim/Bill,

Could Monday be the start of the 2nd American Revolution?

If other states stand up and take notice of what’s going on in Virginia, it could turn quite ugly.

The abuse of power to take away our Constitutional rights (and misappropriate the taxpayer money) is something that has been festering a long time.  Increasingly greater numbers of articles are highlighting this in recent years.

In Virginia, it all began about taking away peoples’ 2nd Amendment rights.  Your right to bear arms.

Criminals are already banned from owning guns….and how’s that working for you?

Now the citizens of Virginia are looking to remove the Governor and his cronies by petition. They will NOT wait till election time to vote them out.   The law states that 10% of the voters (240 thousand signatures) petition to remove the lawmakers, they’ll have to leave office immediately.

So what do the Governor and lawmakers do?  They change the law to make it 25%.

“Virginia says we’re not going to wait, we’ll petition your removal from office and gets almost a 3rd of the 240K signatures to remove the governor and starts petitions to remove deligates.

Virginia govornment responds by introducing a bill to raise the amount of signatures from 10% of the prevailing vote, to 25%.”

As the article states,  this is the very definition of TYRANNY.

Changing the laws to circumvent the wishes of citizens and keep yourself in power.

Watch closely how this evolves.  People are getting tired of politicians.

CIGA Wolfgang Rech

W,

They may have underestimated how many true Americans there are left?

Best,

Bill

Northam Declares State Of Emergency In Virginia Because “Armed Militia Groups Plan To Storm The Capitol”
January 16, 2020

Authored by Daisy Luther via The Organic Prepper blog,

The drama in Virginia has escalated again as Governor Ralph Northam declares an official State of Emergency before January 20th’s “Lobby Day” protests.

Citing violence that erupted in Charlottesville during a Unite the Right rally in 2017, Northam said that there are credible threats that “armed militia groups plan to storm the Capitol” during Monday’s rally. In an executive order, he announced he is banning all weapons from Capitol Square for the day.

redible intelligence gathered by Virginia’s law enforcement agencies indicates that tens of thousands of advocates plan to converge on Capitol Square for events culminating on January 20, 2020. Available information suggests that a substantial number of these demonstrators are expected to come from outside the Commonwealth, may be armed, and have as their purpose not peaceful assembly but violence, rioting, and insurrection. Assuring that Virginia’s Capitol Square and surrounding public areas are sheltered safe places for those who come to participate in the democratic process, as well as those who work on or near Capitol Square, is my greatest priority.

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The wheels of justice turn very slowly, but they are apparently turning! Courtesy of JB.

Bill

Judicial Watch: Federal Court Orders Snap Hearing on Awan Brothers, Congressional Democrat IT Scandal After DOJ Files Document Under Seal
January 14, 2020

(Washington, DC) – Judicial Watch announced today that a federal court yesterday ordered a snap hearing after the Justice Department submitted information under seal on Friday following the court’s demand for an explanation of why no records have been produced in the ongoing legal battle for documents about the Congressional Democrat IT (information technology) scandal involving the Awan brothers. The hearing is set for tomorrow, January 15, at 10 am.

In November 2018, Judicial Watch filed a Freedom of Information Act (FOIA) lawsuit against the FBI over two FOIA requests for records related to the Awan brothers (Judicial Watch v. U.S. Department of Justice (No. 1:18-cv-02563)).

In August 2019, the Justice Department told the court that it would begin producing records by November 5, 2019. After producing no records, on November 13, 2019, the agency told Judicial Watch that it was having “technical difficulties,” and in a recent email claimed that “difficulties with the production remain.”

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Bill,

Looks like Christmas sales sucked after all, wait for online sales to fail.

JB

JB,

Sales are going to be great! They’re going to be great…never mind.

Bill

Target Shares Plunge After Holiday Sales Missed Forecasts
January 15, 2020

Target shares plunged as much as 8.8% on Wednesday morning after it cut its fourth-quarter comparable sales view due to a rather depressing holiday sales season, missing the average Wall Street estimates.

2020-01-15_07-25-12

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Jim/Bill,

The title should read “He Knows When You’ve Been Sleeping”

The fix is in against the populace.

Banks benefit and the upper 10% benefit.

The bottom 90%……let them eat cake.

The pickle the FED is in:

Higher rates, which will definitely come, will decimate every financial institution!

He (Fed Chair Powell) continues:

“Meanwhile, we look like we are blowing a fixed-income duration bubble right across the credit spectrum that will result in big losses when rates come up down the road. You can almost say that that is our strategy”.

You think?

“Spurred by low interest rates and loose financial conditions, we estimate that total global debt will exceed $257 trillion in Q1 2020.
A total of more than $19 trillion of syndicated loans and
bonds will mature in 2020
.

edition.cnn.com/2020/01/13/economy/global-debt-record/index.html?utm_content=2020-01-13T20%3A30%3A57&utm_term=link&utm_medium=social&utm_source=twbusiness …

If rates begin moving higher sooner rather than later, the $19 trillion could trigger the collapse of the $257 trillion global debt, which in turn could trigger the quadrillions in derivatives.

The choices are clear…….either continue printing money and welcome hyperinflation or reverse the process to normalcy and welcome massive depression.

Now stop and think for a moment…where do you put your money to safeguard it?

Here’s a another pickle…….who benefits from QE?

Why do you think the major money center banks are reporting great earnings?

    -The Fed buying back prearranged auction sales at     enormous monetary benefit to the dealer community.

    -Guaranties to keep rates low and have the money     coming in from the Fed, goes right to the markets to     keep them afloat

    -Usury levels of interest rates on credit     cards…anywhere from 25% to 35% per annum

Simply look at the analysts’ breakdown of the banks’ earnings releases.

As Jim Rogers says:  “This will end badly”.

CIGA Wolfgang Rech

Sadly Wolfgang, they knew the day the current system was set up…!

Bill

He Knows You Know That They Know…
January 15, 2019

Authored by Sven Henrich via NorthmanTrader.com,

Last week we found out that Dallas Fed president Kaplan knows that the Fed is creating excess and imbalances in stocks. Yes, bloating the Fed’s balance sheet by over $400B in four months has a massive impact on stock markets. And billions of repo liquidity unleashed each day can be seen impacting the daily action as well (see: Repo Lightning).

So what’s Jerome Powell have to say about all this? Silence. Not a word.

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Jim/Bill,

Nice article. Yet Simon fails to mention the momentum gaining traction as an alternative form of transactional payments….GOLD.

This is very important as it cuts the time of dependency withdrawal, from the Dollar, from years…to a very short timeframe. No new alternative fiat currency need be developed. Gold will rule.

CIGA Wolfgang Rech

Uncle Sam Just Used Its Financial Nuclear Weapon Again
January 15, 2019

In August of 1945, the United States became the only country to drop nuclear bombs on an enemy.

Hiroshima and Nagasaki were largely destroyed in the blink of an eye. And the Japanese had no choice but to surrender to the Allies, finally ending World War II.

Ever since, world superpowers have been rapidly advancing weapons technology, constantly raising the bar for destructive power.

It won’t surprise you to find out that the most powerful and destructive weapon in the world, though, by far, is claimed by the United States.

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CIGA Werner sends us a chart that needs no commentary at all except to ask what happened since 2010?
Bill

US Equities v Global Equities (ex US)

unnamed

Posted by & filed under Jim's Mailbox.

Jim/Bill,

More cash is required to tell us how wrong we are.

JB

Fed Injects $83BN In Liquidity As Market’s Repo Addiction Getting Worse
January 9, 2020

Two days after we reported that a disturbance may be brewing below the surface of the repo market again, after the first oversubscribed term repo in over three weeks, when on Jan 7 the Fed received $41.1BN in submissions for its $35BN two week repo, we got another indication just how strong the market’s addition to the Fed’s easy repo money has become, when moments ago the Fed announced that its latest 2-week term repo operation was also almost oversubscribed, as $34.3BN in securities ($23.3BN in TSYs, $11BN in MBS) were submitted for today’s $35 billion operation, as dealers continue to scramble to the Fed for liquidity which they are no longer using for merely “regulatory” year-end purposes (since it is no longer year-end obviously), but are instead using it to pump markets directly.

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Jim/Bill,

We all know by now the push for fake meat.   As with fake cigarettes (Vaping) and fake sugar (saccharine), it is proving to possibly be more toxic than the product they are replacing.

It is being shown that fake meat is not necessarily healthier than the real thing.

The reason I bring this up is because of the uncanny parallels between fake meat and fake gold.

Fake gold, ie:  Comex futures, ETFs like GLD, etc., do not necessarily represent a safer alternative.  In fact, they may be more toxic than the individual investor realizes.  Unfortunately, there is no FDA to protect the investor from toxic effects (not that they do such a good job anyway).

The one thing that fake gold has over fake meat is this:  UNLIMITED amounts of fake gold can be printed at will.

Real gold has its limits.

‘A partnership of that magnitude would also raise questions about whether Beyond Meat has the production capacity to serve the thousands of McDonald’s locations in North America. Howard, in Wednesday’s research note, said: “It is of note that Beyond Meat may not have enough capacity to fully supply McDonald’s nationwide at present.” ‘

CIGA Wolfgang Rech

Beyond Meat Stock Reverses As This Key Question Hangs Over Hopes For McDonald’s Deal
January 8, 2020

McDonald’s (MCD) on Wednesday said it would expand its test of a Beyond Meat (BYND) plant-based burger in Canada, a small step toward what an analyst said could send Beyond Meat stock on yet another tear higher on epic sales gains in the years ahead, even as questions remain about its ability to meet demand.

The fast-food burger giant said the test expansion, starting Jan. 14, would include 52 restaurants in Southwestern Ontario. The expanded test will last 12 weeks. McDonald’s began the initial Beyond Meat test, for 28 restaurants in the London, Ontario area, in September.

Most of the restaurants that were part of that first test will keep serving the Beyond Meat sandwich, called the P.L.T., or Plant. Lettuce. Tomato. Starting Jan. 14, the P.L.T. will sell for around 5.99 Canadian dollars, or $4.60.

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Bill/Jim,

A supposed party with possible knowledge inside IRGC says that since yesterday evening, 56 IRGC commanders have been arrested by the IRGC’s intelligence organization. I have not confirmed this as I have no reason to do so, so take this as plausible rumor.

This would presume IRGC being cleared of spies at the moment so no Iranian response until spy/spies found. This is believable as they did this about a year ago. One imagines they have much dissent within the ranks.

So if missiles have hit Iraq as you said, then they must feel confident in their cleansing.

By way, Putin was in Syria today.

Early today several” B2 Stealth Bombers departed their facilities at Whiteman Air Force Base. Cannot mention the specific takeoff time. The Callsigns for these aircraft were “Death-(#)”

Also earlier today, a “herd” of C-130 Hercules transport aircraft took off together from the US East Coast.

You no doubt saw that the coalition have started to move to Kuwait. I can only imagine that a departure from Iraq will be a reality, regardless of what is being said. And I still think there are chess pieces in play not visible.

I am more concerned about the impact potential hostilities will have on the markets with bank fallout as the liquidity is not there. On the Monday the 6th the Fed offered offered $76.9 billion in the overnight Repo facilities, while their exposure for the 1st of January was $255billion. This is not going away anytime soon.

As I have told you this is a international crisis of liquidity that has been brewing for a long time overseas and clearly has grown to domestic issues where markets tie together. There is simply not enough liquidity in the system at this time to alter the mess to come as the Fed is trying to fix a domestic problem while it is being played internationally, while the Primary Dealers in the US are more than happy to profit from the cheaper rates the Fed is trying to maintain. Meanwhile Main Street is being clobbered and many jobs are risk as liquidity woes tank companies.

Cheers, Robert

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Jim/Bill,

Like it or not, the game has changed. And, as Jim has said if you can not catch it, you can not kill it.

Dave

Russian Hypersonic Nuclear Weapon That Can Travel 27 Times The Speed Of Sound Is Now Operational
December 27, 2019

It’s official: exactly one year after Putin oversaw the final test of Russia’s most advanced hypersonic weapon, on Friday a the intercontinental weapon that can fly 27 times the speed of sound became operational, Russia’s defense minister reported to President Vladimir Putin, bolstering the country’s unprecedented nuclear strike capability, one which the US has yet to match.

As AP reports, Russia’s Defense Minister Sergei Shoigu informed Putin that the first missile unit equipped with the Avangard hypersonic glide vehicle entered combat duty.

“I congratulate you on this landmark event for the military and the entire nation,” Shoigu said later during a conference call with top military leaders.

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Jim/Bill,

With all the talk about how bad socialism is, I thought this would be a great time to ask this question. With the FED passing out money at near zero % interest rates to prop up the stock market a market which is mostly owned by the 1% , would this not be socialism for the rich?

Dave

Global Stock Markets Gained $17 Trillion In Value In 2019
December 24, 2019

Global stock markets have been on a torrid run in 2019, adding more than $17 trillion in total value, according to Deutsche Bank calculations.

The value of global equities began the year just under $70 trillion but has now surpassed $85 trillion, according to a chart from Deutsche Bank’s Torsten Slok.

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Jim/Bill,

This is a well written piece, I think, worth our readers’ time.

Dave

PEPE ESCOBAR: You Say You Want A (Russian) Revolution?
December 21, 2019

Once in a blue moon an indispensable book comes out making a clear case for sanity in what is now a post-MAD world. That’s the responsibility carried by “The (Real) Revolution in Military Affairs,” by Andrei Martyanov (Clarity Press), arguably the most important book of 2019.

Martyanov is the total package — and he comes with extra special attributes as a top-flight Russian military analyst, born in Baku in those Back in the U.S.S.R. days, living and working in the U.S., and writing and blogging in English.

Right from the start, Martyanov wastes no time destroying not only Fukuyama’s and Huntington’s ravings but especially Graham Allison’s childish and meaningless Thucydides Trap argument — as if the power equation between the U.S. and China in the 21stcentury could be easily interpreted in parallel to Athens and Sparta slouching towards the Peloponnesian War over 2,400 years ago. What next? Xi Jinping as the new Genghis Khan?

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Jim /Bill,

Readers would be wise to remember it was a gold trader, from Turkey, who worked with Iran, to evade US sanctions.

Dave

Turkish Gold Trader Implicates Erdogan In Iran Money Laundering
November 30, 2017

(Reuters) – A Turkish-Iranian gold trader on Thursday told jurors in a New York federal court that Turkish President Recep Tayyip Erdogan authorized a transaction in a scheme to help Iran evade U.S. sanctions.

Reza Zarrab is cooperating with U.S. prosecutors in the criminal trial of a Turkish bank executive accused of helping to launder money for Iran. At the time of the alleged conspiracy, Erdogan was Turkey’s prime minister.

Zarrab said he had learned from Zafer Caglayan, who was Turkey’s economy minister, that Erdogan and then-treasury minister Ali Babacan had authorized two Turkish banks, Ziraat Bank and VakifBank, to move funds for Iran.

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Jim/Bill,

We are giving away our privacy.

Dave

It Seemed Like A Popular Chat App. It’s Secretly A Spy Tool.
December 22, 2019

WASHINGTON — It is billed as an easy and secure way to chat by video or text message with friends and family, even in a country that has restricted popular messaging services like WhatsApp and Skype.

But the service, ToTok, is actually a spying tool, according to American officials familiar with a classified intelligence assessment and a New York Times investigation into the app and its developers. It is used by the government of the United Arab Emirates to try to track every conversation, movement, relationship, appointment, sound and image of those who install it on their phones.

ToTok, introduced only months ago, was downloaded millions of times from the Apple and Google app stores by users throughout the Middle East, Europe, Asia, Africa and North America. While the majority of its users are in the Emirates, ToTok surged to become one of the most downloaded social apps in the United States last week, according to app rankings and App Annie, a research firm.

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Jim / Bill,

They say that a picture is worth a thousand words – in this case it’s more like a hundred ounces.

The Germans seem to have woken up…is this what a bank run looks like?

Merry Christmas and a very happy and peaceful new year!

CIGA Rose

Thanks for the intel and a Merry Christmas to you and yours Rose!

Bill

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