Posts Categorized: Jim’s Mailbox

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Jim/Bill,

Every one should read this and think through. Where this is heading?

Dave

The Digital Currency Arms Race: Central Banks Enter The Fray To Protect National Sovereignty
October 18, 2020

Former member of Parliament and now a lobbyist for firms in financial services and other sectors

A group of seven central banks, including Canada’s, have issued a statement indicating they are working together on common principles and key features for a viable central bank digital currency, or CBDC.

The banks in Canada, Britain, the European Union, Japan, Switzerland, Sweden and the United States are getting serious about the threat that private digital currencies pose to the control of monetary policy. Just as importantly, the exclusion of China from the group signals that central banks are waking up to the threat to national sovereignty if they’re not in the official digital currency game or if China gets first-mover advantage.

Central banks have been monitoring the emergence of digital currencies (bitcoin, Facebook’s Libra and so on). But there is a new urgency because COVID-19 has accelerated the flight from cash. Private digital currencies are no longer a mere adjunct to normal “cash” transactions, but supplanting them. In Sweden, people using cash for their most recent purchases dropped to 13 per cent from 39 per cent 10 years ago. Experience differs from country to country, but the trend is clear.

Something else is now at play, however. Bank of Canada deputy governor Timothy Lane said it out loud. Official digital currencies can pose a strategic threat: “If one country introduces a central bank currency, then that immediately creates the potential for other countries to be affected … and that can create a whole other set of issues.” He likely has in mind China, where the People’s Bank of China is well down the road to going electronic.

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Jim/Bill,

The question this raises is, are the banks in better shape than in 2008?

Dave

The Fed Did A Lot Of Talking Yesterday About A Big Bank Failure: Should We Worry?
October 21, 2020

Turns out the federal government’s plan for dealing with a mega bank failure on Wall Street is no better conceived than the federal government’s plan for dealing with the worst pandemic since 1918.

The Federal Reserve issued two press releases yesterday about “large banks.” One read: “Agencies finalize rule to reduce the impact of large bank failures.” The other read: “Agencies issue final rule to strengthen resilience of large banks.”

Wait. What? Fed Chairman Jerome Powell has been telling anyone who would listen this year – from Congress to viewers of the Today show – that the large banks have been a “source of strength” during the worst economic downturn since the Great Depression. If that were true (which we’ve questioned from the first time Powell said it) why is the Fed now worrying about a “large bank failure” and the need to “strengthen” large banks?

The first press release from the Fed yesterday deals with the fact that the biggest banks on Wall Street remain interconnected to one another. If you recall, in 2008 the interconnections of Lehman Brothers, Citigroup and AIG to the biggest banks on Wall Street created a daisy chain of rapid meltdowns across Wall Street.

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GG sends us the current gold chart. Sure looks like a powerful move is in store one way or the other very soon!
Bill

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Jim/Bill,

On Saturday we talked about censor ship by social media and I explained that is has been taking place for longer than most people realize. Here is some information, for readers, regarding this, going back several years.

I would urge them to review some of the many good stories that have been done to further their knowledge of what is taking place.

Dave

Social Media Censorship Is Out of Control! Here’s one solution.

Interview 1449 – James Corbett on Censorship, Regulation and Deepfakes

Interview 1382 – The Social Media Regulation Psyop

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Jim/Bill,

We all know that our governmental system is a Republic, not a Democracy. And that is slowly crumbling before our very eyes.

Now America, the cradle of Capitalism, is losing that distinction.

No free markets. Only governmental rule.

CIGA Wolfgang Rech

She states the obvious that only a few see Wolfgang.

Bill

Fed Vice Chair Makes “Shocking” Admission: Fed May Never Be Able To Stop Manipulating The Market
October 14, 2020

Yesterday, San Fran Fed president Mary Daly made a stunning admission: just in case there was any confusion, the Fed knows that it has – and continues to blow – an asset bubble making “a few” who own stocks uber-rich, but the economy is now so reliant on the Fed liquidity firehose that the moment the Fed threatened to pop this bubble, which some have estimated to be around $90 trillion in liquidity, would result in economic devastation and leave millions without a job.

“I am not willing to trade millions of jobs for people who need a ladder rung up in order to keep the stock market from going up for a few who have those holdings,” Daly said while answering questions following a speech on – what else – racial inequality at a virtual event Tuesday hosted by the University of California, Irvine.

Well, it appears that the Fed makes dramatic revelations in two, because just one day after Daly admitted that the Fed is trapped, the Fed’s Vice Chair for Supervision Randal Quarles, made an even more shocking – or rather “shocking” as we have said for the past decade that this is the case – admission, when he said that the Treasury market is now so large that the U.S. central bank may have to continue to be involved to keep it functioning properly.

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Jim/Bill,

If readers have listened to the Corbett Report’s, “How Big Oil Conquered The World”, this will be easy to understand.

Dave

Australian Media Finally Calls Out Davos ‘Great Reset’ Agenda
October 12, 2020

This week, Sky News Australia contributor and former Australian Senator Cory Bernardi, tore open the debate on COVID after calling out a globalist agenda which few in mainstream media have dared to mention so far.

Since lockdowns began in March of 2020, few have challenged the government rationale for voluntarily imploding their economies and destroying communities and societies – based on a guess that coronavirus might kill tens of millions of citizens.

However, Bernardi believes that the COVID-19 pandemic hysteria is being used as the Trojan horse for a globalist agenda hatched out of the World Economic Forum in Davos. It’s called The Great Reset, and its designed by elite billionaires supposedly to bring about ‘social and economic change.’

“There is something unusual about the continuing pandemic panic,” said Bernardi.

“Medical experts now acknowledge that lockdowns don’t work….Now none of that makes any sense until you open your mind to consider if there is another agenda at work.”

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Jim/Bill,

This interview covers many of the things you both have been telling readers. It is well worth their time.

Dave

MAMINAR — WILLIAMS, GREYERZ AND STOEFERLE – NAVIGATING THE DISCONNECT BETWEEN MARKETS AND ECONOMY WITH A GOLD COMPASS

October 13, 2020

In this most recent MAMINAR, Egon von Greyerz exchanges pertinent thoughts on the economy and markets with Matterhorn Asset Management advisors, Ronni Stoeferle and Grant Williams. This timely discussion covers an extraordinary range of topics, beginning with the obvious disconnect between rising securities markets and the greatest economic downturn since the Great Depression.

Ronni and Egon address the exponential functions of rising global money supplies coupled with decades of extreme credit expansion as dual (and undeniable) tailwinds for risk assets. Since the Federal Reserve’s birth in 1913, it took 80 years to produce its first trillion dollars. In 2020, the Fed created a similar level of trillion-dollar liquidity in 5 months.

Grant reminds that central banks like the Fed are essentially new branches of government and that a powerful combination of central bank currency creation and extreme fiscal policies (i.e. deficit-spending) have been a clear liquidity boon for the favored stock markets. He warns, however, how the vast majority of election-focused politicians have conveniently confused the Fed-supported stock market with the collapsing economy, a tempting yet dangerous mistake. The media’s equal obsession with managing the “optics” of a rising stock market despite economic disaster signs all around us is of equal and telling concern.

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GG sends us an Ingraham Angle heads up.1,700 medical professionals sign for focused protections to end the lockdowns. With all we know now, for what “real” purpose(s) are the lockdowns being used?

Bill

HUGE! Top International Epidemiologists Launch Petition for Focused Protections and an End to Lockdowns — Signed by Over 1,700 Medical Professionals
October 5, 2020

On Monday top international epidemiologists Dr. Martin Kulldorff from Harvard, Dr. Sunetra Gupta from Oxford and Dr. Jayanta Bhattacharya from Stanford joined Laura Ingraham on The Ingraham Angle to announce their latest initiative to reopen society and resume life in the West for those who are not vulnerable to the coronavirus.

Said Kulldorff told Laura, “Most of my colleagues in infectious disease are in favor of risk-based strategy or an age-based strategy where we protect the elderly or other high risk groups while the younger resume life more or less normally.”

Dr. Kulldorff then announced that his group put out a declaration this morning and there are now over 500 medical health and public health scientists who have co-signed the declaration as well as over 500 practicing medical professionals.

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I would love to see these. Could be a total nothingburger…or, we could find out we were scammed? Either way, remember this, without fair judges who actually follow the law, we would never see anything suspect with our own eyes. I personally voted for Trump in 2016 because I wanted him to be the one to nominate a Supreme Court Justice to fill Scalia’s vacancy (not to mention the numerous felonies by his opponent). Looks like I got a 3fer for my vote! While I do not enjoy his style, I will again vote Trump in the hopes of the rule of law making a huge comeback in the next four years. This ship is mathematically sinking, it does so either under the rule of law as per The Constitution…or as per the “law of our rulers”. Not a tough decision in my book.

Courtesy of JB.

Bill

Judge Rejects HHS Effort To Stall Release Of Fauci Emails Until After Election – Orders Initial Production This Month
October 01, 2020

(Washington, DC) – Judicial Watch announced today that a federal judge ordered the Department of Health and Human Services (HHS) to begin producing communications and other records of National Institute of Allergies and Infectious Diseases Director Anthony Fauci and Deputy Director H. Clifford Lane about the World Health Organization (WHO), China, and the coronavirus.

U.S. District Court Judge Dabney L. Friedrich on September 22 ordered HHS to begin producing 300 pages of potentially responsive records per month beginning on October 21. In a September 21 court filing, HHS said the agency could begin producing 300 pages of responsive records to the Daily Caller News Foundation beginning on November 30, eight months after receiving the Daily Caller’s request under the Freedom of Information Act (FOIA). The total number of responsive records is approximately 4200, which would push off the full release of the records until at least 2022. HHS also alleged that Fauci must personally review each one of his emails before they are released.

The judge’s order came in response to a Freedom of Information Act (FOIA) lawsuit filed in the U.S. District Court for the District of Columbia by Judicial Watch on behalf of the Daily Caller News Foundation (Daily Caller News Foundation v. U.S. Department of Health and Human Services (No. 1:20-cv-01149)).

The lawsuit was filed after HHS failed to respond to an April 1, 2020, FOIA request seeking:

Communications between Dr. Fauci and Deputy Director Lane and World Health Organization officials concerning the novel coronavirus.

Communications of Dr. Fauci and Deputy Director Lane concerning WHO, WHO official Bruce Aylward, WHO Director General Tedros Anhanom, and China.

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Jim/Bill,

I have brought this up on many of our Saturday talks. I would recommend this for all listeners.

I’ve tried to explain, we are going through a process and there are no random events. I hope this helps connect the dots.

Dave

How & Why Big Oil Conquered The World
October 6, 2020

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