Posts Categorized: Jim’s Mailbox

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Jim,

You told listeners this would be the outcome.

Dave

Pepe Escobar: The Unipolar Moment Is Over
June 10, 2019

Authored by Pepe Escobar via ConsortiumNews.com,

The Russia-China strategic partnership, consolidated last week in Russia, has thrown U.S. elites into Supreme Paranoia mode, and they are now holding the whole world hostage…

 

 

 

 

 

 

 

 

 

Something extraordinary began with a short walk in St. Petersburg last Friday.

After a stroll, they took a boat on the Neva River, visited the legendary Aurora cruiser, and dropped in to examine the Renaissance masterpieces at the Hermitage. Cool, calm, collected, all the while it felt like they were mapping the ins and outs of a new, emerging, multipolar world.

Chinese President Xi Jinping was the guest of honor of Russian President Vladimir Putin. It was Xi’s eighth trip to Russia since 2013, when he announced the New Silk Roads, or Belt and Road Initiative (BRI).

First they met in Moscow, signing multiple deals. The most important is a bombshell: a commitment to develop bilateral trade and cross-border payments using the ruble and the yuan, bypassing the U.S. dollar.

Then Xi visited the St. Petersburg International Economic Forum (SPIEF), Russia’s premier business gathering, absolutely essential for anyone to understand the hyper-complex mechanisms inherent in the construction of Eurasian integration. I addressed some of SPIEF’s foremost discussions and round tables here.

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Jim/Bill,

With all gold buying taking place, among nations, it is only a matter of time before the price must move much higher.

Dave

Bullion The Bully: Beijing Answers Trump’s Tariffs With Massive Gold-Buying Spree
June 11, 2019

China’s vast gold stockpile saw another boost in May, marking an ongoing increase for a sixth straight month, according to the latest data published by the People’s Bank of China.

Last month, the central bank raised its bullion reserves to 61.61 million ounces from 61.10 million in the previous month. As of the end of May, the nation’s stockpile was valued at $79.83 billion compared to $78.35 billion a month earlier. In tonnage terms that marks an increase of 15.86 tons, after almost 58 tons of gold were added over the five months through April.

In May, the country’s total foreign exchange reserves, the world’s largest, reportedly edged  0.2 percent, or $6 billion higher, reaching $3.101 trillion. The increase shifted the expectations of analysts polled by Reuters, who projected the reserves to drop by five billion to $3.090 trillion.

The latest boost to Beijing’s gold stash reportedly reflects China’s move towards diversifying its bullion and foreign currency holdings amid the protracted trade dispute with the US.

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Courtesy and authored by Clive Maund.

Jim

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Jim,

You have told our Saturday listeners this for a year now. I hope they paid attention and took your advice on how to protect them selves. It is here and it is now.

Dave

The Next Stage Of The Engineered Global Economic Reset Has Arrived
June 6, 2019

Authored by Brandon Smith via Alt-Market.com,

When discussing the fact that globalists often deliberately engineer economic crisis events, certain questions inevitably arise. The primary question being “Why would the elites ruin a system that is already working in their favor…?” The answer is in some ways complicated because there are multiple factors that motivate the globalists to do the things they do. However, before we get into explanations we have to understand that this kind of question is rooted in false assumptions, not logic.

The first assumption people make is that that current system is the ideal globalist system – it’s not even close.

When studying globalist literature and white papers, from Aldous Huxley’s Brave New World, to H.G. Wells’ book The New World Order and his little known film Things To Come, to Manly P. Hall’s collection of writings titled ‘The All Seeing Eye’, to Carol Quigley’s Tragedy And Hope, to the Club Of Rome documents, to Zbigniew Brzezinski’s Between Two Ages, to former UN Director Robert Muller’s Good Morning World documents, to Henry Kissinger’s Assembly Of A New World Order, to the IMF and UN’s Agenda 2030, to nearly every document on globalization that is published by the Council on Foreign Relations, we see a rather blatant end goal described.

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Something very strange is happening.

JB

Global Trade Collapsing To Depression Levels
May 15, 2019

With the trade war between the US and China re-escalating once more, investors are again casting frightened glances at declining global trade volumes, which as Bloomberg writes today, “threaten to upend the global economy’s much-anticipated rebound and could even throw its decade-long expansion into doubt if the conflict spirals out of control.”

“Just as tentative signs appeared that a recovery is taking hold, trade tensions have re-emerged as a credible and significant threat to the business cycle,” said Morgan Stanley’s chief economist, Chetan Ahya, highlighting a “serious impact on corporate confidence” from the tariff feud.

To be sure, even before the latest trade war round, global growth and trade were already suffering, confirmed most recently by last night’s dismal China economic data, which showed industrial output, retail sales and investment all sliding in April by more than economists forecast.

 

 

 

 

 

 

 

 

 

 

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Gold Gold Gold!

JB

Central Banks Are Buying Gold At The Fastest Pace In Six Years
May 15, 2019

Authored by Simon Black via SoveriegnMan.com,

Earlier this month the World Gold Council published its quarterly report– and it shows that central banks and foreign governments from around the world are buying up gold at their fastest pace in six years.

 

 

 

 

 

 

 

 

 

This is pretty big news, and it says a LOT about the future of the dollar.

Remember, central banks and foreign governments hold literally TRILLIONS of dollars of reserves… and traditionally they do this by buying US government debt.

It sounds strange, but to big institutions, banks, etc., US government debt is equivalent to cash. They use it as a form of money.

More importantly, they hold US dollars because that’s the global standard: the US dollar has been the world’s primary international reserve currency for seventy five years.

So US debt is extremely liquid. In fact, the $22 trillion US debt market is the biggest and most liquid market in the world.

But foreign governments have started breaking with the tradition of buying treasuries.

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Bill,

BOOM!!! someone just bought 50 – 5,000 ounce contracts of Silver for delivery between $15 and $14.88. The last 2 trades were at $14.88. This is done to control the futures prices and is the exact reverse of what should be happening. Draining the Comex is still the play.

Looks like the buyer triggered some selling out in the futures. Right now I see another order for 62 more contracts at $14.735…Someone has figured the game and is taking them on in the physical purchases…

J.J.

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Bill,

I am sure any minute China will back down? Not a chance.

They would lose face at home and that can not happen.

Dave

China’s Wei Threatens ‘Fight To The End’ With US
June 1, 2019

China’s top security official on June 2 articulated an uncompromising defense of his country’s stance on the contested South China Sea and threats to invade Taiwan in an anticipated address at a top security conference in Singapore.

“Building facilities on one’s own territories is not militarization,” Lieutenant General Wei Fenghe said, responding to accusations that China has militarized islands in the sea as a means of taking effective control of what the US and others regard as international waters.

Wei also warned of a “fight to the end” with the US in their escalating trade spat, and a “fight at all costs” for “reunification” with Taiwan, the island nation China considers a renegade province. The US has recently upped its strategic support for the democratically-run nation, much to Beijing’s chagrin.

“No attempts to split China will succeed. Any interference in the Taiwan question is doomed to failure,” said Wei, dressed in his uniform of a general in the People’s Liberation Army (PLA).

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Jim/Bill,

Banking issues slowly creeping into public view.

Certainly most are aware of Deutsche Bank’s $50 trillion derivative exposure and the roughly $6.40 share price target that people say could trigger a panic.  Currently DB is trading $6.88

However, problems don’t necessarily have to be relegated to the majors.

Remember Credit – Anstalt?

 

 

 

 

 

Run Louis (Louis Nathaniel de Rothschild)! Run!

CIGA Wolfgang Rech

PBOC Panics, Floods Market With Liquidity As Interbank Funding Freezes After Baoshang Seizure
May 29, 2019

With China’s bond market continues to be hammered in the aftermath of the government’s surprise seizure of Baoshang  Bank (see “A Big Wake Up Call”: Chinese Bond Market Roiled By First Ever Bank Failure”), the PBOC – whose open market operations had been in dormancy for much of 2019 – finally panicked and on Wednesday injected a whopping net 250 billion yuan ($36 billion) into the financial system via open-market operations, as it fills what traders have dubbed a growing funding gap following the Baoshang failure.

 

 

 

 

 

 

 

 

The consequences of this liquidity flood were instant: China’s overnight repurchase rate, a measure of interbank liquidity, tumbled the most in three weeks, while the benchmark 7-day repo rate also declined.

 

 

 

 

 

 

 

 

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Americans’ Life Savings Wiped Out In Mexican Bank Fraud Scheme
May 29, 2019

A Bloomberg report reveals how a Mexican bank employee directed a retirement fraud scheme at American retirees living in San Miguel de Allende, a city in Mexico’s central highlands.

 

 

 

 

 

 

 

 

 

Monex Casa de Bolsa SA de CV Monex Grupo Financiero has been investigating allegations that an employee stole approximately $40 million from American clients.

Marcela Zavala Taylor, the suspected Monex banker at the center of the fraud, allegedly sent American clients falsified statements that showed their accounts were fully funded, said several of the bank’s clients in a Bloomberg interview.

The fraud was discovered in late December when clients couldn’t retrieve funds from their accounts. Bank officials told clients that $40 million in funds from 158 accounts disappeared.

Bloomberg spoke with several clients who said Monex attempted to reach settlements at a massive discount versus what was stolen from their accounts. Others said the bank asked them to file charges against Zavala.

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Jim/Bill,

This headline says it all…….

Stocks Slammed As Credit Cracks, Retail Routed, Yield Curve Craters

Looking at the news items over the last 24 hours makes you wonder…..is there anybody we aren’t picking a fight with?

CIGA Wolfgang Rech

Russia Slams “Crude Provocation” Nuclear Testing Accusations By US

China Accuses US Of “Naked Economic Terrorism,” Will “Fight Until The End”

Chinese Activists Urge War With US ‘Until Pacific Ocean Splits In Two’ 

Iran’s Oil Exports Plunge To 400,000 Bpd In May

Trump Risks New Front In Trade War As Talks With Europe Falter

US Threatens Europe With “Loss Of Access To US Financial System” Over SWIFT-Evading Iran SPV

US Troops To Be Based In Saudi Arabia, Qatar Against “Iran Threat”

Footage Captures Arms “Rat Line” On “Mysterious Planes” Fueling Libya War 2.0