Posts Categorized: Jim’s Mailbox

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Courtesy of Dave.

Jim

“Globalist Warning Signs Are There” – BIS Boss Outlines Central Bank Digital Currencies Vision
April 5, 2019

Authored by Steven Guinness,

The behaviour of central bankers is rarely (if ever) given sustained coverage in the national press. Outside of prominent economic channels, developments from within institutions such as the International Monetary Fund and the Bank for International Settlements are seldom remarked upon. Instead, attention is restricted to the latest round of political theatrics which serve to disguise the actions and intentions of globalist planners.

As the furore of Brexit gained in intensity last month, BIS General Manager Agustin Carstens gave a speech at the Central Bank of Ireland 2019 Whitaker Lecture. Under the heading, ‘The future of money and payments‘, Carstens mapped out what has been a long standing vision of globalists – namely, to acquire full spectrum control of the international financial system through the gradual abolition of what Bank of England governor Mark Carney has called ‘tangible assets‘ i.e. physical money.

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Posted by & filed under Jim's Mailbox.

Jim,

Why do so called gold experts keep quoting the same same lame claim/story that there is ZERO evidence to back up?

IE we the US have 8,133.5 tons of gold! Bullshit!

Dave

These Are The Six Countries With The World’s Largest Gold Reserves
April 1, 2019

Authored by Lawrence Thomas via GoldTelegraph.com,

For almost a decade, global central banks have been avid gold buyers. Gold purchases by central banks in 2018 rose 36 percent over the previous year. Central banks are now holding 366 tons of the yellow metal. These gold purchases are the largest since 1971 when President Nixon ceased the gold standard and the tie between the U.S. dollar and gold, which rapidly led to the devaluation of the U.S. dollar.

Not every central bank has followed this trend. Venezuela, which is in the midst of an economic collapse, sold 25 tons of gold in 2018 in an attempt to repay its debts. But Venezuela is an exception. Other central banks are eager to increase their gold reserves as a hedge against economic uncertainty. Gold ownership by central banks is at a 50-year high as global purchases have increased 75 percent over the past year.

  1. United States

The Federal Reserve holds the largest amount of gold of any other central bank, 8,133.5 tons. This is 75.2 percent of its foreign reserves. The Federal Reserve has not been as active in the gold-buying spree as other countries in an effort to keep the dollar from devaluing.

  1. Germany

Germany’s central bank has been busy repatriating 674 tons of gold from the Banque de France and the Federal Reserve Bank. During the Cold War, the country’s closeness to what was then Russia-controlled East Germany drove Germany to store its gold with other countries. Now, the Deutsche Bundesbank is calling its gold back home. This move is expected to be completed by 2020. Germany currently holds 3,370.0 tons of gold, which account of over 70 percent of its foreign reserves. Germany, which experienced hyperinflation in the 1930s which saw the Deutschmark become valueless, has learned its history lesson.

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Bill,

Hmmmm…

JB

Posted by & filed under Jim's Mailbox.

Courtesy of Dave.

Jim

The Fed’s Controlled Demolition Of The Economy Is Almost Complete
March 28, 2019

Authored by Brandon Smith via Alt-Market.com,

The Federal Reserve is an often misunderstood entity, not only in the mainstream, but also in alternative economic circles. There is this ever pervasive fantasy on both sides of the divide that the central bank actually “cares” about forever protecting the US economy, or at least propping up the US economy in an endless game of “kick the can”. While this might be true at times, it is not true ALL the time. Things change, agendas change, and sometimes the Fed’s goal is not to maintain the economy, but to destroy it.

The delusion that the Fed is seeking to kick the can is highly present today after the latest Fed meeting in which the central bank indicated there would be a pause in interest rate hikes in 2019. As I have noted in numerous articles over the past year, the mainstream media and the Fed have made interest rates the focus of every economic discussion, and I believe this was quite deliberate. In the meantime, the Fed balance sheet and its strange relationship to the stock market bubble is mostly ignored.

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Jim,

Pompeo removes any doubt what the US Middle East policy is all about.

Dave

Now It’s Official: God, Not the Russians, Elected Trump
March 28, 2019

. . .

 

Given the awfulness of the Pompeo remarks, one might wonder where is the condemnation of them on the editorial pages of the New York Times or the Washington Post? Surely there should be a demand for his resignation as he is suggesting that the United States should be fighting a divinely mandated war against Iran to protect Israel which is, for what it’s worth, not actually threatened by the Iranians while even the Pentagon has declared Iran to be a “rational actor” in foreign policy. But one hears mostly silence. The Washington Establishment clearly believes that one can and should condemn Russia without any evidence, but one cannot investigate or even challenge a Secretary of State who believes that he is receiving his guidance directly from God.

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Jim,

You have pointed out how important this statement is.

Dave

Ireland and EU Countries Must Seek ECB Approval to Manage Gold Reserves – Draghi
March 29, 2019

by Francesco Canepa on Reuters

. . .

The ECB and its President Mario Draghi realise gold is very important in terms of protecting the euro from collapsing both in terms of nations reverting to their national currencies but also in terms of the euro, dollar, pound and other fiat currencies collapsing in value, if the public loses faith in them.

The ECB President said of gold in October 2013 that gold is a “reserve of safety” that “gives you a value-protection against fluctuations against the dollar.” Draghi told an open forum at Harvard’s Kennedy School of Government, why central banks want gold and what value it offers. He said that there were “several reasons” to own gold including “risk diversification.”

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Bill,

I saw this and wanted to keep readers up on this important lawsuit.

Dave

Bombshell Lawsuit Claims FBI Knowingly Hid Evidence from Congress of Explosives Used on 9/11
March 27, 2019

In yet another major move from the great folks over at the Lawyers’ Committee for 9/11 Inquiry, Architects & Engineers for 9/11 Truth, and 9/11 victim family members Robert McIlvaine and Barbara Krukowski-Rastelli, a joint federal lawsuit has been filed to assess any evidence the FBI may have known about that contributed to the destruction of the towers on 9/11 which they may have kept from Congress.

The complaint cites the failure of the FBI and its 9/11 Review Commission to assess key 9/11-related evidence that the FBI can be shown to have had, or been aware of, regarding:

  1. the use of pre-placed explosives to destroy World Trade Center Buildings, 1, 2, and 7;
  2. the arrest and investigation of the “High Fivers” observed photographing and celebrating the attacks on the World Trade Center on 9/11;
  3. terrorist financing related the reported Saudi support for the 9/11 hijackers;
  4. recovered plane parts, including serial numbers from all three crash locations;
  5. video from cameras mounted inside and outside the Pentagon; and
  6. cell phone communications from passengers aboard airplanes.

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Jim,

This spells trouble ahead.

Dave

New Kind Of Deflation Impels The Great Bond Rally
March 28, 2019

A different kind of deflation is worrying the world’s central banks. The Federal Reserve began to back off planned increases in interest rates and reductions in portfolio holdings at the end of December, when equity and commodity markets crashed together.

A full retreat by the Fed as well as the European Central Bank arrested the fall in stock and commodity prices, but inflation expectations continue to fall in all major markets.

That’s a different kind of deflation, brought on by buyer resistance to price increases. We saw that vividly in the February report on the US labor market, where employers simply stopped hiring in sectors where wages had risen the most. We observe it in the housing market, where buyers are pushing back against higher prices, and (once again) in the market for wireless telephone service.

The worst performer on the S&P 100 today is Verizon, down more than 4% on investor fears that the wireless provider won’t be able to hold its pricing structure after T-Mobile merges with Sprint. A combination of technological change, market disruption and tight consumer budgets has steepened demand curves more or less across the board.

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Jim,

Just the facts on the ground.

Dave

Huawei Mocks US ‘Loser’s Attitude’
March 29, 2019

The face of China’s rise to compete internationally in high-technology industries had 100 billion reasons to brag on Friday, touting a huge revenue breakthrough, while at the same time taking shots at the US government.

Chinese telecommunications equipment and consumer electronics maker Huawei announced that its revenue exceeded $105 billion, a first for the company that is now on par with the likes of Microsoft and Google in that category.

The milestone was reached thanks to soaring sales of its smartphones – despite the fact that the devices are effectively locked out of the US market.

The company’s rotating chairman, Guo Ping, characterized US attempts to paint Huawei as an arm of the Chinese government as a desperate effort to hold them down.

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Jim,

You brought up this very important point.

Dave

Trump Owns the Economy Now, for Better or Worse
March 28, 2019

WASHINGTON — President Trump is getting exactly what he wants on the economy, but it may not last.

The Federal Reserve has abruptly stopped its march toward higher interest rates, as Mr. Trump demanded. The tax cuts he signed in late 2017 are in full swing. His attempt to rewrite the global rules of trade are underway, and he proclaims himself happy with the array of new tariffs he has imposed. His recent comments suggest he is unconcerned about slowdowns in China and Europe, which he considers economic rivals.

But while Mr. Trump points with pride to last year’s economic growth and promises even faster growth to come, there are signs that his most dependable talking point is eroding. On Thursday, the Commerce Department issued a downward revision of its estimates for economic growth in the fourth quarter, pushing one measure of the full year’s growth down as well.

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Jim,

You have said machines have taken over markets.

Dave

CIA-Backed Startup Builds ‘Bots For The Next Generation Of ETFs
March 26, 2019

The Central Intelligence Agency was one of the early backers of an AI startup company called Kensho Technologies, once focused on analyzing North Korean missile launches, earthquakes and elections – at least, until 2014. That’s when John van Moyland joined the company and its focus pivoted to finance, according to a new Bloomberg article.

S&P Global wound up buying the company last year and is now using it for yet another cause: developing the next generation of index funds. According to van Moyland, who’s title is now “managing director and global head of S&P Kensho Indices”, machines can design better indexes used as underlying products for passive investment vehicles like ETFs, which among other passive investment instruments, manage about $7.3 trillion in the U.S.

van Moyland told Bloomberg:

“We’re doing what a lot of research shops have done with humans in the past — and doing it at scale, in a highly predictable, highly automated, efficient way. Why would you ever limit yourself to aged financial data when there’s a sea of information out there?”

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Jim,

Now the price will need to increase.

Dave

The Staggering Amount Of Gold & Silver Investment Since The 2008 Financial Crisis
March 26, 2019

By the SRSrocco Report,

While the demand for precious metals is certainly off its highs from prior years, investors would be quite surprised by the astonishing amount of physical gold and silver investment since the 2008 financial crisis. Only by comparing the gold and silver investment demand to the prior decade, can we truly understand how the precious metals market has changed, and probably forever.

Now, before I get into the information, I wanted to say a few things about precious metals sentiment and the disillusionment, and at times, the outright disgust, by a percentage of former gold and silver investors. I am not going to name any names, but rather focus on the inability of these individuals to CONNECT THE DOTS in regards to the disintegrating Global Financial Ponzi Scheme.

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Jim,

The country has wasted how much time and energy on this investigation?  Can we now move on to important issues.

Dave

Caitlin Johnstone Rages: “Mock The Russiagaters. Mock Them Ruthlessly”
March 23, 2019

Authored by Caitlin Johnstone via Medium.com,

The Robert Mueller investigation which monopolized political discourse for two years has finally concluded, and his anxiously awaited report has been submitted to Attorney General William Barr. The results are in and the debate is over: those advancing the conspiracy theory that the Kremlin has infiltrated the highest levels of the US government were wrong, and those of us voicing skepticism of this were right.

The contents of the report are still secret, but CNN’s Justice Department reporter Laura Jarrett has told us all we need to know, tweeting, “Special Counsel Mueller is not recommending ANY further indictments am told.” On top of that, William Barr said in a letter to congressional leaders that there has been no obstruction of Mueller’s investigation by Justice Department officials.

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Posted by & filed under Jim's Mailbox.

Jim,

As I have said in the past hope is not a strategy.

Dave

Pompeo: God May Have Sent Trump To Save Israel From Iran
March 22, 2019

Is an apocalyptic war on Iran by the US and Israel coming, driven by American Evangelical “rapture” theology of end times prophecy? Pompeo’s latest suggestion that God “raised Trump for such a time as this” doesn’t bode well for the region, or at least for those who hope to avoid a WWIII scenario. Apparently, Pompeo truly believes that Trump was sent by God to save Israel, and that the Golan is to be the first US bestowed “gift” bringing the world closer to “end times” fulfillment.

While on his multi-country tour of the Middle East on Thursday, the US secretary of state responded to a question from the Christian Broadcast Network’s Chris Mitchell during a press conference in Jerusalem, who asked, “could it be that President Trump right now has been sort of raised for such a time as this, just like Queen Esther, to help save the Jewish people from the Iranian menace?”

Pompeo responded, “As a Christian, I certainly believe that’s possible” in agreement with the bizarre question. Crucially, this came the same day Trump tweeted his intention for the US to formally recognize full Israeli sovereignty over the Golan Heights. This after Syria previously warned Israel its continued unlawful occupation of the long disputed territory would lead to war.

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Courtesy of JB.

Bill

 

A warning about the world economy.

JB

A Growing List Of Companies From Fedex To BMW Are Warning About The World Economy
March 20, 2019

Corporate giants doing business abroad are painting a dreary picture of the world’s economy.

With an ongoing trade war between the U.S. and China, Brexit uncertainty weighing on Europe and the U.K., and new weakness out of Japan, some business leaders say it’s harder than ever to rake in profits.

This week, top executives at FedEx, BMW, UBS and others described bleak global business conditions while discussing quarterly results. Fitch Ratings also “aggressively” cut its forecast for the year.

The head of UBS was among the latest to blame the world’s backdrop for weaker-than-expected results. CEO Ermotti told a conference in London on Wednesday that it “one of the worst first-quarter environments in recent history,” Reuters reported. The Swiss bank slashed another $300 million from 2019 costs after revenue at its investment bank plunged. Investment banking conditions are among the toughest seen in years, especially outside the U.S., he said.

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The turn churn has turned.

JB

Yield Curve Inverts For The First Time Since 2007: Recession Countdown Begins
March 22, 2019

Update: The most prescient recession indicator the market just inverted for the first time since 2007.

 

 

 

 

 

 

 

 

 

Don’t believe us? Here is Larry Kudlow last summer explaining that everyone freaking out about the 2s10s spread is silly, they focus on the 3-month to 10-year spread that has preceded every recession in the last 50 years (with few if any false positives)… (fwd to 4:20)

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Jim/Bill,

The real reason Powell succumbed to easing, leading to an inverted yield curve?

“Another month, another frightening jump in the US budget deficit. And this time it was a record.”

Gotta keep those rates low, else they kill us!

CIGA Wolfgang Rech

US Budget Deficit Hits A Record $234 Billion As Interest On Debt Soars
March 22, 2019

Another month, another frightening jump in the US budget deficit. And this time it was a record.

According to the latest Treasury data, the US budget surplus in February – traditionally the worst month of the year due to tax refunds – was a whopping $234 billion, missing the $227 billion deficit expected, and well worse than the $214 billion deficit recorded last February. And even though there may have been one-time tax refund and government shutdown factors at play, the February deficit was also the biggest budget deficit on record.

 

 

 

 

 

 

 

 

 

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