Posts Categorized: Jim’s Mailbox

Posted by & filed under Jim's Mailbox.

From our friend Werner. This is quite a chart in an “everything bubble” world. You might notice how cheap gold was in 2012 at $1,900? When financial panic sets in, gold will accrue “value” from all directions because it has no liability attached to it. Gold will be the ONLY thing not “questioned” in a world where everything is questioned…

Bill

Subject: Constant 1920 Dollars

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So let me get this straight JB, if I live in a neighborhood of 100 houses and just two of my move out…the market “breaks”? This market is a little thin don’t you think?

Best,

Bill

BOE Warns Weekly Fund Redemptions Of 1.3% Would Break Corporate Bond Market
November 17, 2017

The Bank of England has done some timely and truly eye-opening research into the resilience of corporate bond markets. The research is contained in the Bank of England Financial Stability Paper No.42 and is titled “Simulating stress across the financial system:  the resilience of corporate bond markets and the role of investment funds” by Yuliya Baranova, Jamie Coen, Pippa Lowe, Joseph Noss and Laura Silvestri.

The starting point of the analysis is to revisit the Global Financial Crisis (GFC) which saw $300 billion of related to subprime mortgages amplified to well over $2.5 trillion of write-downs across the global financial system as a whole. One of the problems was that the system was structured in a way that did not absorb economic shocks, but amplified them. The amplification came via a feedback loop. As the crisis unfolded, fears about credit worthiness of banks led to the collapse of interbank lending. Weaker banks had their funding withdrawn, which led to a downward spiral of asset sales and the strangling of credit in the broader economy.

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The paper notes that, since then progress has been made and the Bank of England’s stress tests now include the feedback loop created by interbank loans.

Indeed, the 2016 test showed that the potential for solvency problems to spread between UK banks through this channel has “fallen dramatically” since the crisis. Furthermore, interbank lending has been cut back and is more often secured against collateral.

The report cautions that other feedback loops might be present, especially since banks only account for about half of the UK financial system. Indeed, a key objective for regulators is to assess how the non-bank part of the system – termed “market-based finance” in the paper, responds to economic shocks. In particular, could the non-bank system, which trades “market-based finance” (principally bonds), amplify shocks in a similar way to the banking system during the last crisis? The report characterises market-based finance and the related risks as follows.

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I though it was a lost version of “Lost in Space”. Nope…it was GQ

JB

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The following articles are courtesy of CIGA JB

Jim

Hell Freezes Over=> Chelsea Handler Tells Juanita Broaddrick She Believes Bill Clinton Raped Her
November 16, 2017

On Sunday, Chelsea Handler took a swipe at Judge Roy Moore and tweeted, “Imagine being molested by an older man. Then that man denies ever doing it and then goes on and gets elected to United States senate. What kind of message does that send to young girls everywhere? And men to all the men who abuse women?”

Juanita Broaddrick, who has credibly accused Bill Clinton of rape, slammed Chelsea Handler and responded, “Yeah, @chelseahandler I can imagine. I was raped by the Arkansas AG who then becomes Governor & President and NBC held my interview explaining the rape until after his impeachment hearing. But I’m sure you don’t want to go there.”

<blockquote class=”twitter-tweet” data-lang=”en”><p lang=”en” dir=”ltr”>Yeah, <a href=”https://twitter.com/chelseahandler?ref_src=twsrc%5Etfw”>@chelseahandler</a> I can imagine. I was raped by the Arkansas AG who then becomes Governor &amp; President and NBC held my interview explaining the rape until after his impeachment hearing. But I&#39;m sure you don&#39;t want to go there. <a href=”https://t.co/s9W8NZsaZ3″>https://t.co/s9W8NZsaZ3</a></p>&mdash; Juanita Broaddrick (@atensnut) <a href=”https://twitter.com/atensnut/status/929899833950982145?ref_src=twsrc%5Etfw”>November 13, 2017</a></blockquote>

<script async src=”https://platform.twitter.com/widgets.js” charset=”utf-8″></script>

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Wall St. Traders Secretly Used Chat Rooms To Rig Treasury Bond Prices: Suit
November 16, 2017

Wall Street banks secretly shared client information in online chat rooms in order to rig auctions for the $14 trillion US Treasurys market, according to an explosive lawsuit filed in Manhattan federal court on Wednesday.

The move wrongly fattened the banks’ profits and picked profits from clients, the suit claims.

The new accusations, leveled by several pension funds and wealthy individual investors, are contained in an expanded class-action suit originally filed in July 2015 — and include an unusual twist: Some of the evidence came from confidential informants and one of the banks sued in the earlier action.

That bank is now cooperating with the plaintiffs in the massive civil action, and is providing an in-depth look into how Wall Street allegedly conspired to rig Treasury bond trades.

The revised lawsuit expands on details on how the banks conspired to set Treasury bond prices — like moves to manipulate the price of the bonds higher on days when there was a lot of demand, and vice versa, court papers claim.

The banks worked their scam for years until The Post first reported in June 2015 of the existence of a government investigation into the alleged actions, the updated lawsuit claims.

The funds, representing retirees and public workers, also claim the banks conspired to rig the secondary Treasury markets beginning in the 1990s through tightly controlled electronic platforms that inhibited more competitive trading — a new allegation that wasn’t in the original suit but mirrors similar complaints filed against banks in other markets, like stock loans.

The amended suit tightens its focus on a select number of banks, naming Goldman Sachs, Morgan Stanley, the Royal Bank of Scotland, BNP Paribas, and UBS, among others, as the firms behind the rigging, which they allege occurred from Jan. 1, 2007, to mid-2015.

Last year, the judge presiding over the class-action suit had questioned whether the claims were strong enough to proceed.

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Justice Department Gives 29 ‘Sanctuary’ Cities, States Until Dec. 8 To Prove Compliance With Immigration Law
November 15, 2017

clip_image003The Justice Department warned 29 jurisdictions that in order to continue receiving public safety grants, the jurisdictions must prove compliance with Section 1373 of 8 U.S. Code by Dec. 8. AG Jeff Sessions said, “We urge jurisdictions to not only comply with Section 1373, but also to establish sensible and effective partnerships to properly process criminal aliens.” (AP Photo/Wilfredo Lee)

The Department of Justice on Wednesday told Illinois, Oregon, and Vermont and 26 “sanctuary” cities and counties around the country that they were found to have “laws, policies or practices” that violate federal immigration laws, and that failure to demonstrate compliance by early December could mean reduced federal grants.

The new jurisdictions range across the nation, and include big cities like Seattle and Los Angeles, as well as smaller ones like Lawrence, Mass.

The department warned the 29 jurisdictions in separate letters that in order to continue receiving public safety grants under the Justice Department’s Edward Bryne Memorial Justice Assistance Grant Program, the jurisdictions must prove compliance with Section 1373 of 8 U.S. Code by Dec. 8.

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EXCLUSIVE: Saudi Arabia King To Step Down And Hand Over The Crown To His 32-Year-Old Son After Prince Rounded Up Saudi Royals In Corruption Arrests And Had Them Sleep On Bare Mattresses In A Luxury Hotel
November 16, 2017

The King of Saudi Arabia plans to step down and announce his son as his successor next week, a source close to the country’s royal family has exclusively told DailyMail.com.

The move is seen as the final step in 32-year-old Prince Mohammed bin Salman’s power grab, which began earlier this month with the arrests of more than 40 princes and government ministers in a corruption probe.

The source said King Salman will continue only as a ceremonial figurehead, handing over official leadership of the country to his son – often referred to as MBS.

‘Unless something dramatic happens, King Salman will announce the appointment of MBS as King of Saudi Arabia next week,’ said the source.

‘King Salman will play the role of the queen of England. He will only keep the title “Custodian of the Holy Shrines”.’

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King Salman of Saudi Arabia (left) is planning to step down next week and name his son Prince Mohammed bin Salman (right) as his successor, a source told DailyMail.com

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Protect Your Savings With Gold: ECB Propose End To Deposit Protection
November 14, 2017

– Protect Your Savings With Gold: ECB Propose End To Deposit Protection
– New ECB paper proposes ‘covered deposits’ should be replaced to allow for more flexibility
– Fear covered deposits may lead to a run on the banks
– Savers should be reminded that a bank’s word is never its bond and to reduce counterparty exposure
– Physical gold enable savers to stay out of banking system and reduce exposure to bail-ins

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It is the ‘opinion of the European Central Bank’ that the deposit protection scheme is no longer necessary:

‘covered deposits and claims under investor compensation schemes should be replaced by limited discretionary exemptions to be granted by the competent authority in order to retain a degree of flexibility.’

To translate the legalese jargon of the ECB bureaucrats this could mean that the current €100,000 (£85,000) deposit level currently protected in the event of a bail-in may soon be no more.

But worry not fellow savers as the ECB is fully aware of the uproar this may cause so they have been kind enough to propose that:

“…during a transitional period, depositors should have access to an appropriate amount of their covered deposits to cover the cost of living within five working days of a request.”

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Jim/Bill,

It’s finally coming. An escape pod for holders of bitcoin.

As we know, if holders wanted to sell in a panic, there would be no real bid. I’ve heard it said that if one large seller were to hit the market, the bid for bitcoin would drop to a penny!

So everyone is sitting with bitcoins trading at $7,000 to $8,000 a pop. Could bitcoin rise to $50,000? Perhaps.

But any real selling would see the bids drop away in seconds.

What to do?

Why not establish a bitcoin futures market where you can hedge your long position and protect yourself in a massive downdraft.

Short the bitcoin futures and voila!, your protected.

The real problem that arises is someone on the other side of trade will get badly burned.

Futures markets are notoriously highly leveraged.

Imagine bitcoin dropping $8,000 in minutes, or $50,000, with no bid in sight.

How do the longs in the futures market escape?

This could be dangerously close to triggering a financial collapse. Not dissimilar to the mortgage derivative plays in 2007.

Wanna bet the FED rescues these culprit speculators with our hard earned money?

CIGA Wolfgang Rech

Swiss Bank To Launch Bitcoin Futures To Allow Betting Against Cryptocurrency
November 16, 2017

ZURICH (Reuters) – Swiss bank Vontobel said it will start trading Switzerland’s first two mini futures to short bitcoin on Friday, giving investors a tool to bet against the value of the volatile cryptocurrency or to hedge bitcoin positions.

The launch of the two mini futures on the Swiss stock exchange by the country’s second-biggest provider of structured products comes after CME Group Inc, the world’s largest derivatives exchange operator, said it will launch a futures contract for bitcoin later this year.

When the value of bitcoin falls by 10 percent, the value of the more conservative of the two mini futures rises by almost 6 percent while the other gains almost 10 percent, according to the termsheets Vontobel published on Thursday.

The value of bitcoin has fluctuated wildly this month, plunging as much as 29 percent last week from its Nov. 8 record high of $7,888 and then recovering more than a third of its value in the last four days.

For the year, it is up more than 600 percent – a meteoric rise that has prompted many to warn that bitcoin has become a bubble that could be set to burst.

The launch of the two mini futures on the Swiss stock exchange by the country’s second-biggest provider of structured products comes after CME Group Inc, the world’s largest derivatives exchange operator, said it will launch a futures contract for bitcoin later this year.

When the value of bitcoin falls by 10 percent, the value of the more conservative of the two mini futures rises by almost 6 percent while the other gains almost 10 percent, according to the termsheets Vontobel published on Thursday.

The value of bitcoin has fluctuated wildly this month, plunging as much as 29 percent last week from its Nov. 8 record high of $7,888 and then recovering more than a third of its value in the last four days.

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Africa has awakened to the cancer of corruption. Those leaders move to eliminate this scourge may well be the best thing that has happened to them and the continent, ever. Courtesy of JB.

Jim

Zimbabwe’s Mugabe ‘Under House Arrest’ After Army Takeover
November 15, 2017

Zimbabwe’s military has placed President Robert Mugabe under house arrest in the capital Harare, South African President Jacob Zuma says.

Mr Mugabe told Mr Zuma in a phone call that he was fine, the South African leader’s office said.

Troops are patrolling the capital, Harare, after they seized state TV and said they were targeting “criminals”.

The move may be a bid to replace Mr Mugabe with his sacked deputy, Emmerson Mnangagwa, BBC correspondents say.

Mr Mnangagwa’s dismissal last week left Mr Mugabe’s wife Grace as the president’s likely successor.

Mr Mugabe, 93, has dominated the country’s political scene since it gained independence from the UK in 1980.

How the drama unfolded

After days of tension and rumour, soldiers seized the state broadcaster ZBC late on Tuesday.

A Zimbabwean army officer, Major General Sibusiso Moyo, went on air and denied there was a coup, but said the military was targeting “criminals” around President Mugabe.

Maj Gen Moyo also said Mr Mugabe and his family were “safe and sound and their security is guaranteed”. It is not clear who is leading the military action.

Since then military vehicles have been out on the streets of Harare, while gunfire has been heard from northern suburbs where Mr Mugabe and a number of government officials live.

In a statement, Mr Zuma’s office said: “President Zuma spoke to President Robert Mugabe earlier today who indicated that he was confined to his home but said that he was fine.”

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Only the truly braindead or disingenuous claim gold and silver (or nearly all other markets for that matter) are not manipulated JB…

Bill

 

 

Dear Friend of GATA and Gold:

When Federal Reserve Chairman Alan Greenspan testified to Congress in July 1998 that “central banks stand ready to lease gold in increasing quantities should the price rise,” was he, as GATA maintains, essentially confessing to the gold price suppression scheme?

Financial letter writer Avi Gilburt of ElliottWaveTrader.net disputes that in commentary posted today at GoldSeek, “Did the Fed’s Alan Greenspan Admit that Gold Is Being Manipulated?”:

http://news.goldseek.com/GoldSeek/1510755000.php

Gilburt argues that Greenspan’s comments have been taken out of context. Instead, Gilburt writes, Greenspan “was saying that if someone attempted to manipulate the gold market, the Fed may have a tool to combat such manipulation attempts. More importantly, he never even opined as to whether such a tool would or could be successful.”

Greenspan’s July 1998 testimony remains posted at the Fed’s internet site, where GATA has cited it many times:

https://www.federalreserve.gov/boarddocs/testimony/1998 /19980724.htm

His topic was “The Regulation of OTC Derivatives” and he was trying to dissuade Congress from legislating to regulate them. His full comment about gold was this:

“Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.”

That is, Congress needn’t worry about a long corner in gold because central banks always had the ability to short the market.

Yes, as Gilburt notes, Greenspan didn’t confirm that central banks were shorting and thus manipulating the gold market at that moment. Unfortunately it seems that no member of the committees to which Greenspan testified that month ever asked.

But note what Greenspan did not say: “Central banks stand ready to buy gold in increasing quantities should the price fall because of a short corner.”

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JB sends us this without tongue in cheek…

Bill

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Looking into Jr.’s massive Russian agenda…

JB

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Bill/Jim,

Think ‘Fukushima, Japan’…..? Scientists are shocked??? You’ve got to be kidding.

Lon

Scientists Shocked As Fisheries Collapse On West Coast: “It’s The Worst We’ve Seen”
November, 13, 2017

The Gulf of Alaska cod populations appears to have taken a nose-dive. Scientists are shocked at the collapse and starving fish, making this  the “worst they’ve ever seen.”

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“They [Alaskan cod] get weak and die or get eaten by something else,” said NOAA’s Steve Barbeaux.

The 2017 trawl net survey found the lowest numbers of cod on record forcing scientists to try to unravel what happened. A lot of the cod hatched in 2012 appeared to survive, but by 2017, those fish were largely gone for the surveys, which also found scant evidence of fish born in subsequent years. Many of the cod that have come on board trawlers are “long skinny fish” according to Brent Paine, executive director of United Catcher Boats.

“This is a big deal,” Paine said. “We just don’t see these (cod) year classes disappear from one year to the next.”

The decline is expected to substantially reduce the gulf cod harvests that in recent years have been worth — before processing — more than $50 million to Northwest and Alaska fishermen who catch them with nets, pot traps, and baited hooks set along the sea bottom.

Barbeaux says the warm water, which has spread to depths of more than 1,000 feet, hit the cod like a kind of a double-whammy. Higher temperatures sped up the rate at which young cod burned calories while reducing the food available for the cod to consume. And many are blaming “climate change” for the effects on the fish, although scientists aren’t directly correlating the two events. “They get weak and die or get eaten by something else,” said Barbeaux, who in October presented preliminary survey findings to scientists and industry officials at an Anchorage meeting of the North Pacific Fishery Management Council.

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Lon,

Probably blame it on La Nina Lon? Maybe legislate “safe spaces” for fish? Or maybe we need more gun control, that’ll fix it!

Bill

From our pal Dave in the witness protection program.

Bill

It’s the beginning of the end of “no tell” virtual money. Kicking a sleeping elephant in the rear is a no-no, even Mahout understands.

Jim

Jim/Bill,

Here they come; they want their share of the winnings!

Dave

The IRS Is Puzzled: Why Out Of 500,000 Coinbase Users, Only 900 Reported Gains Or Losses
November 13, 2017

Almost exactly one year ago, the IRS realized that it could be leaving billions of dollars on the table in the form of uncollected taxes, and launched a tax-evasion probe on the largest US Bitcoin exchange, Coinbase, seeking to identify all Coinbase users in the U.S. who “conducted transactions in a convertible virtual currency” from 2013 to 2015.

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In a vexing paradox for cryptocurrency traders who had hoped they could avoid the IRS indefinitely as someone, somewhere once may have mentioned, the higher the price of bitcoin rose, the more motivated the IRS was to obtain access to user transaction records. Or, as Bloomberg put it, “the exploding value of the cryptocurrency since its first real-world transaction in 2010 is one reason the U.S. Internal Revenue Service is pushing to see records on thousands of users of Coinbase Inc., one of the biggest U.S. online exchanges. The company’s digital currency platform allows gains to be converted into old-fashioned dollars in transactions that the IRS alleges are going unreported.”

To be sure, as we have reported over the past year, Coinbase and industry trade groups are fighting back in court, claiming the government’s concerns about tax fraud are unfounded and that its sweeping demand for information is a threat to privacy. That however, did not stop the IRS which claimed in a court filing that “U.S. taxpayers, including Coinbase users, have made use of virtual currencies to avoid the reporting and payment of taxes.” The agency said it needs access to customer records to “gain some degree of visibility into a space where it is already necessarily moving about somewhat in the dark.”

Meanwhile, both Coinbase and bitcoin have exploded. Whereas Coinbase had under 5 million users last November when the IRS filed its lawuist, as of last week it had 12.2 million users, deploying 41 million virtual currency wallets in 32 countries that have so far exchanged $40 billion in digital currency. The price of bitcoin hit a record high just under $8,000 at the start of November, more than 10x higher than in November 2016.

The biggest problem, however, and the reason why the IRS is unlikely to relent is that as the IRS said, it detected a “reporting gap” between the 500,000 virtual currency users Coinbase reported between 2013 and 2015 and the less than 900 bitcoin users reporting gains or losses for each of those years.

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Bill, Jim,

In case you’ve missed it – a fascinating article on Bloomberg today. Turns out exports to the US account for only about 5% of Saudi Arabia’s oil production. What do you think will be their next step regarding ways of payment?

Take care and keep well,

CIGA Rose

Saudi Retreat From U.S. Oil Market Cuts Exports to 30-Year Low
November 13, 2017

For a generation, the huge, whitewashed storage tanks at America’s largest oil refinery in Port Arthur, Texas, have stored almost nothing but Saudi crude.

The plant is owned by Saudi Arabia’s state-run oil company, Aramco, and since it first bought a stake in 1988, the Motiva refinery guaranteed the kingdom a strategic foothold in the world’s largest energy market. The tankers carrying millions of barrels a month of Arab Light crude from Saudi export terminals to Port Arthur were testament to the strength of the energy and political ties binding Riyadh and Washington.

All of a sudden, there are very few Saudi ships arriving in Texas. Since July, Aramco has constricted supply, attempting to drain the crude storage tanks at Motiva — and many others across America — part of a plan to lift oil prices, even at the cost of sacrificing its once prized U.S. market.

While Motiva is most affected, the rest of the U.S. oil refining system, from El Segundo in California to Lake Lake Charles in Louisiana, has also taken a hit. The result: Saudi crude exports into America fell to a 30-year low last month.

“The drop is huge,” said Amrita Sen, chief oil analyst at consultant Energy Aspects Ltd. in London. “It’s not just that Saudi exports are low, but they have been low for several months.”

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Very good point Rose and speaks directly to the “petro” left in the petrodollar?

Best,

Bill

Jim/Bill,

Why is this not surprising?

Once you back something with gold, it becomes real, versus virtual.

Perhaps it’s simply a matter of dilution, but the basic headlines imply gold’s power to impress.

CIGA Wolfgang Rech

Bitcoin Plunges Over $2,000 In A Week As Bitcoin Gold Launches
November 12, 2017

(Kitco News) – Bitcoin dropped more than $2,000 in just under a week, as traders digested the launch of the digital currency’s offshoot known as bitcoin gold on Sunday.

The popular digital currency was seen trading at an all-time high of $7,899.90 on November 8 but then dropped down to just $5,450.40 on November 12, according to Kitco’s aggregated charts.

Developers behind the bitcoin gold fork launched the new offshoot on Sunday at 2 p.m. E.T.

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Mysterious Dave(?) checks in again with another great question…

Bill

Jim/Bill,

Why make RT register? We have MSM/Pravda right here.

Dave

Selected Articles: Mainstream Media “Fake News”, War Propaganda
November 12, 2017

We bring to the attention of Global Research readers a selection of articles focussing on the obfuscation of truth through media manipulation as well as the routine dissemination of war propaganda

These articles show how media lies and fabrications are used as a justification to wage so-called “humanitarian wars”.

If you consider these articles useful, please consider making a donation and/or becoming a Global Research Member. Any amount large or small will contribute to the broader objective of Truth in Media.

You can also help us by forwarding this selection far and wide, discussing it within your circle of friends and colleagues, reposting our articles on blog sites and social media, etc.

FAKE NEWS: BBC criticised for using Iraq 2003 photo to illustrate Syrian massacre

By Global Research, November 11, 2017

The British Broadcasting Corporation (BBC) has been slammed for mistakenly using a photo taken in Iraq in 2003 to illustrate the Syria 2012 massacre, in which over 100 people, including 32 children, were brutally killed.

Fake News Used to Justify All Out War: The Bosnian Serb “Death Camp” Fabrication. Pretext for R2P “Humanitarian Intervention” (1992) in Yugoslavia

By Global Research News, November 10, 2017

Serbian emergency shelters for Bosnian refugees sold to the public as a concentration camp to win public support for international intervention.

The Attack on ‘Fake News’ Is Really an Attack on Alternative Media

By Dave Lindorff, November 09, 2017

These are tough days to be a serious journalist. Report a story now, with your facts all lined up nicely, and you’re still likely to have it labeled “fake news” by anyone whose ox you’ve gored — and even by friends who don’t share your political perspective. For good measure, they’ll say you’ve based it on “alternative facts.”

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Well said Rosemary!

Bill

Rosemary LaBonte: To the editors of a California newspaper in response to an article written by Ernie Lujan who suggests we should tear down the Statue of Liberty because the immigrants of today aren’t being treated the same as those who passed through Ellis Island and other ports of entry. The paper never printed this response, so her husband sent it out via internet.

Maybe we should turn to our history books and point out to people like Mr. Lujan why today’s American is not willing to accept this new kind of immigrant any longer. Back in 1900 when there was a rush from all areas of Europe to come to the United States, people had to get off a ship and stand in a long line in New York and be documented.

Some would even get down on their hands and knees and kiss the ground. They made a pledge to uphold the laws and support their new country in good and bad times. They made learning English a primary rule in their new American households and some even changed their names to blend in with their new home.

They had waved goodbye to their birth place to give their children a new life and did everything in their power to help their children assimilate into one culture. Nothing was handed to them. No free lunches, no welfare, no labor laws to protect them. All they had were the skills and craftsmanship they had brought with them to trade for a future of prosperity.

Most of their children came of age when World War II broke out. My father fought alongside men whose parents had come straight over from Germany , Italy , France and Japan None of these 1st generation Americans ever gave any thought about what country their parents had come from. They were Americans fighting Hitler, Mussolini and the Emperor of Japan . They were defending the United States of America as one people.

When we liberated France , no one in those villages were looking for the French American, the German American or the Irish American. The people of France saw only Americans. And we carried one flag that represented one country. Not one of those immigrant sons would have thought about picking up another country’s flag and waving it to represent who they were. It would have been a disgrace to their parents who had sacrificed so much to be here. These immigrants truly knew what it meant to be an American. They stirred the melting pot into one red, white and blue bowl.

And here we are with a new kind of immigrant who wants the same rights and privileges. Only they want to achieve it by playing with a different set of rules, one that includes the entitlement card and a guarantee of being faithful to their mother country.

I’m sorry, that’s not what being an American is all about. I believe that the immigrants who landed on Ellis Island in the early 1900’s deserve better than that for all the toil, hard work and sacrifice in raising future generations to create a land that has become a beacon for those legally searching for a better life. I think they would be appalled that they are being used as an example by those waving foreign country flags.

And for that suggestion about taking down the Statue of Liberty , it happens to mean a lot to the citizens who are voting on the immigration bill.

I wouldn’t start talking about dismantling the United States just yet.

Keep this letter moving.

For the wrong things to prevail, the rightful majority needs to remain complacent and quiet.

Posted by & filed under Jim's Mailbox.

From our friend Dismal Dave.

Bill

The problem with bubbles is that they force one to decide whether to look like an idiot before the peak, or an idiot after the peak.’ John Hussman. (1962- ).

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Courtesy of JB

Bill

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Now why would Japan send a military force to the Antarctic?

JB

Icebreaker Shirase Leaves For Another Voyage To Antarctic Continent
November 12, 2017

The icebreaker Shirase, operated by the Maritime Self-Defense Force, left Tokyo’s Harumi pier for Antarctica on Sunday.

Most members of the 59th Antarctic expedition team will board the ship in Australia on Nov. 28. The Shirase will carry a total of about 180 crew members.

In 2007, a Japanese mission sampled 720,000-year-old ice at the nation’s Dome Fuji Station in inland Antarctica by drilling through the ice sheet to a depth of 3,035 meters. The team heading there at the end of the month will select a new drilling point, with the aim of collecting even older ice.

A European expedition team in 2004 collected Antarctic ice dating back some 800,000 years. The coming Japanese mission will try to extract even older ice to set a new world record.

Scientists expect that an analysis of Antarctic ice will allow them to better understand climate change in the past and predict future global warming.

The 59th team will also carry on atmospheric and marine observation, and research on penguins and other creatures on Antarctica.

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Yes, the question is why…and why is Antarctica constantly in the news?

Bill

Posted by & filed under Jim's Mailbox.

CIGA Kevin with a heads up for us!

Bill

Jim/Bill,

Amazon and GeoEngineering coming to a store near us.

Another wish list would be similar to FCC telling ATT to divest of CNN (which will quickly die) if it want approval to buy Time-Warner, but to have Amazon, Google, and FB be taken down a notch for their crimes on humanity.

Amazon has its own way to literally poison society where it no doubt plans to use this clever little high frequency microwave energy to both inventory its product as well as kill any viable nutrition in what it sells in its Amazon Go stores.

CIGA Kevin

Amazon Just Introduced The Grocery Store Of The Future
December 5, 2016

Amazon is already your go-to in the world of online shopping—seriously, can you even remember a world without Prime? So it should be no surprise then, that the site’s first big venture into brick-and-mortar retail is totally revolutionary: Amazon has introduced a brand new kind of grocery store that has no lines. In fact, it has no cash registers at all. In Amazon’s new grocery store concept, called Amazon Go, you can literally grab your food and walk out, no checkout required..

But how, you ask, can this possibly work? Upon entry to the location, shoppers will scan their Amazon Go app. Then, the app will use the same technology as self-driving cars—computer vision, sensor fusion, and deep learning—to keep track of what you’re picking up as you make your way through the store, and automatically place the item in your virtual shopping cart in the app. (If you change your mind about something you grabbed, the app will pick up on that too and automatically delete from your cart.) When you’re done, you just leave; Amazon just charges your card and emails you a receipt. It’s that easy.

To shop at the stores, which will all be a compact 1,800 square feet, you just need an Amazon account, the Amazon Go app, and a smartphone. According to their website, Amazon Go stores will sell everything from classic grocery staples to ready-made options, and they’ll feature both well-known and newer brands.

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Pretty simple. If you are publicly telling the truth, you are a reporter. If you are making up stories…you are a mainstream news source. Courtesy of JB.

Bill

New York Times Accuses Woman Of Pretending To Be Reporter
November 9, 2017

The Grey Lady is seeing red over a colorful Manhattan woman who’s masquerading as a New York Times reporter, saying she is sullying its reputation as the newspaper of record.

Contessa Bourbon’s been keeping up the charade for four years, according to The Times’ new lawsuit against her.

She first introduced herself as a Times reporter at a Brookings Institute event in 2013. She also claimed to work for the paper in an interview with the Turkish ambassador, and then again at at speech in March by Education Secretary Betsy DeVos.

“Ms. Bourbon is not, and has never been, employed by The Times, as a reporter for The New York Times, or in any other position or capacity,” the Manhattan Supreme Court suit says.

She has ignored two cease and desist letters, it says.

Her scheme “is likely to cause confusion or injury to the business reputation of The Times, or dilution of the distinctive quality of The Times” trademarks, the Times lawyers claim in the just-filed suit.

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Jim/Bill, get your tin foil hats on for this one!

JB

Conspiracy Theory Now Conspiracy Fact, as Congress Holds Hearings on Weather Manipulation
November 9, 2017

Washington, D.C. – Geoengineering is finally going mainstream as the U.S. House Subcommittee on Environment and Subcommittee on Energy Hearing, on Wednesday, held the first House hearing about the science that until now has generally been considered a “conspiracy theory” and relegated to the fringe’s of society by the Praetorian Guard mainstream media — controlled by the ruling power-elite oligarchy.

The controversial subject of climate engineering or weather modification – which was popularized, and oversimplified with the term “chem-trails” – is stepping from the shadows and into the light of public scrutiny for the first time.

The congressional hearing, titled “Geoengineering: Innovation, Research, and Technology,” was attended by members of the House committees as well as representatives of think tanks, academics, and researcher scientists to discuss the future of geoengineering research.

Participants in Wednesday’s hearing include Full Committee Chairman Lamar Smith (R-Texas), Environment Subcommittee Chairman Andy Biggs (R-Ariz.), and Energy Subcommittee Chairman Randy Weber (R-Texas). Testimony was presented by Dr. Phil Rasch, chief scientist for climate science, Laboratory Fellow, Pacific Northwest National Laboratory; Dr. Joseph Majkut, director of climate policy at the Niskanen Center; Dr. Douglas MacMartin, senior research associate, Cornell University; and Ms. Kelly Wanser, principal director, Marine Cloud Brightening Project, Joint Institute for the Study of the Atmosphere and Ocean, University of Washington.

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But, but…they told us we were nuts JB? Not sure what Congress is investigating because so much past acknowledgement has already come forth…”man controls weather”!

Bill

Posted by & filed under Jim's Mailbox.

Anyone who has used or new football uniforms should consider donating them to Ron Paul for use when mowing his lawn. It appears liberals are not as acting and tolerant as we thought.

Courtesy of JB Slear

Jim

Rand Paul’s Neighbors Rip Media ‘Landscaping Dispute’ Reports

November 8, 2017

The Bowling Green, Ky., neighbor who allegedly attacked Sen. Rand Paul last weekend, causing six broken ribs, was aggressively anti-Trump and anti-GOP in his social media, calling for the impeachment of the president and urging Russia investigator Robert Mueller to “fry Trump’s gonads.”

Captured screen grabs of Rene Boucher’s Facebook page provided to Secrets and taken down since the event also show that the anesthesiologist was a fan of the #NeverTrump clan.

His lawyer said that politics played no part and it has been suggested that the two verbally tussled over lawn clippings, leaving the impression that the Republican Kentucky senator was a negligent landscaper.

But seven neighbors in the Rivergreen gated community told Secrets Wednesday that the Pauls are friendly homeowners who kept their property tidy.

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Jim/Bill,

When push comes to shove, people STILL flock to gold.

“The marketplace is just a bit unnerved to start the trading week, as a major shake-up occurred in Saudi Arabia’s ruling system over the weekend. Saudi princes and businessmen were arrested to weed out corruption, according to the Saudi Kingdom. The news helped to lift gold and silver, also gave oil prices a boost.”

As of 3:35 PM,

Gold up $11.20

Bitcoin down $280

CIGA Wolfgang Rech

Gold, Silver See Solid Rallies On Safe-Haven Demand, Rising Oil
November 06, 2017

(Kitco News) – Gold and silver prices were ending the U.S. day session with good gains Monday. The metals were supported by a combination of safe-haven demand and surging crude oil prices that have hit a two-year high. December Comex gold was last up $13.30 an ounce at $1,282.50. December Comex silver was up $0.401 at $17.235 an ounce.

The marketplace is just a bit unnerved to start the trading week, as a major shake-up occurred in Saudi Arabia’s ruling system over the weekend. Saudi princes and businessmen were arrested to weed out corruption, according to the Saudi Kingdom. The news helped to lift gold and silver, also gave oil prices a boost.

Nymex and Brent crude oil futures prices rallied sharply today and hit two-year highs. The rally in the oil market, arguably the leader of the raw commodity sector, is an underlying bullish element for the metals markets. If oil prices continue to rally, many raw commodity markets, including the precious metals, will be pulled along for the ride. However, the sledding will get much tougher for the oil market bulls as prices push toward $60.00 a barrel.

The other key “outside market” on Monday saw the U.S. dollar index weaker. The greenback bulls have the slight overall near-term technical advantage. The U.S. currency has been boosted recently on the prospects of the U.S. government passing tax-cuts legislation that would give a boost to businesses and the economy. If the U.S. dollar continues to appreciate it will be a drag on the precious metals markets. Reason: Most metals on the world markets are priced in U.S. dollars. A rising dollar makes those metals more expensive to purchase in non-U.S. currency.

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Are Journalists An Enemy Of The American People?
November 8, 2017

As usual, it depends who you ask…

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You will find more statistics at Statista

Statista’s Niall McCarthy notes that according to the Cato 2017 Free Speech and Tolerance Survey, 63 percent of Republicans agree with President Trump that journalists today “are an enemy of the American people”.

During his presidency, Trump has taken to Twitter to call the national media “fake news” and in mid-February, he tweeted “The FAKE NEWS media is not my enemy, it is the enemy of the American people. SICK!”

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JB, anyone who seeks the real truth and say “no” is brain dead!

Bill

Jim/Bill,

33 sealed indictments file in DC district court, and yesterday 50 sealed indictments filed in the US district court of Virginia, its’s happening!

CIGA Tom

https://drive.google.com/file/d/1Au0aupHmQMe1RnP93e8lUQWh8IkQG4k0/view

Thanks Tom, looks like it is really, finally happening!

Bill

Jim/Bill,

Now I’ve seen everything!

Because Francis Scott Key was a slave owner, we will need to come up with a new national anthem?

The liberals are digging their own graves, and those on the receiving end of racism. I’m all for equality amongst people, but drawing increasing lines of hatred between races only furthers the divisions and barriers to equality we all want to see removed.

Instead of bringing awareness, they are bringing increasing hatred against themselves.

Fools.

CIGA Wolfgang Rech

Democrat Lawmaker Supports Call To Ban “Racist” National Anthem
November 9, 2017

California’s NAACP is pushing for state lawmakers to support a campaign to remove “The Star Spangled Banner” as the country’s national anthem.

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In possibly the greatest ‘virtue signal’ yet, the organization last week began circulating among legislative offices two resolutions that passed at its state conference in October: one urging Congress to rescind “one of the most racist, pro-slavery, anti-black songs in the American lexicon” as the national anthem, and another in support of former San Francisco 49ers quarterback Colin Kaepernick.

“We owe a lot of it to Kaepernick,” California NAACP President Alice Huffman said. “I think all this controversy about the knee will go away once the song is removed.”

The group says the song, which has been a point of controversy in the NFL, is “one of the most racist, pro-slavery, anti-black songs in the American lexicon,”

As The Sacramento Bee reports, the kneeling protests have drawn attention to an infrequently-sung third verse from “The Star-Spangled Banner,” which includes the passage:

Their blood has wash’d out their foul footstep’s pollution.

No refuge could save the hireling and slave

From the terror of flight or the gloom of the grave

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You might think you have “seen everything” Wolfgang. Just wait until you see tomorrow!

Bill