Posts Categorized: Jim’s Mailbox

Posted by & filed under Jim's Mailbox.

Dear CIGAs,

The following is breaking news from CIGA Tom.

http://www.youtube.com/watch?v=sxBl9BXLom4

 

 

Dear Jim,

Just one little spark could blow this whole thing sky high and gold and oil with it!

Best,
CIGA BT

‘Light the fire’ order set Mumbai ablaze

Evidence is growing that the bombings were orchestrated by militants in Pakistan

TENSIONS between India and Pakistan, the rival nuclear powers, are on a knife edge this weekend as Islamabad refuses to admit that the Mumbai terrorist outrage was planned and carried out by Pakistanis.

Zarar Shah, a leading commander of the Lashkar-e-Taiba group, has admitted under interrogation in Pakistan that he advised the terrorists by telephone as the attack unfolded.

Controllers in Pakistan watched live television and warned the gunmen of the arrival of Indian commandos, according to evidence amassed by the FBI and handed over to the Pakistani government.

More…

Dear Big Tatanka,

Yes, in a big way.

Regards,
Jim

 

Dear Jim,

It looks like a longer drawn out conflict with Israel. Barak says "it won’t be short and it won’t be easy." Tens of thousands is not a week long incursion! Freezing in Ukraine, Europe soon, bombs in the Middle East, Tanzania looks pretty good right now!

Israel okays call-up of tens of thousands of IDF reservists
By Barak Ravid, Haaretz Correspondent, and Reuters

Israel’s government has approved the call-up of tens of thousands of reservist soldiers, it was annnounced Saturday, almost simultaneously with the launch of a Gaza ground incursion aimed at halting rocket fire on Israel’s southern communities.

Prime Minister Ehud Olmert’s office said in a statement that, in accordance with a secret cabinet discussion Friday, the government ordered the armed forces "to draft the necessary reservists, on a scale of tens of thousands of troops."

More…

IDF soldier killed, another seriously wounded in Gaza ground operation
By Amos Harel, Yoav Stern and Yanir Yagana, Haaretz Correspondents, and News Agencies

An Israeli soldier was killed in a clash with Gaza militants on Sunday, the first fatality suffered by Israel since it launched a ground operation on Saturday night against the coastal territory’s Hamas rulers.

The soldier, from the Israel Defense Forces Golani infantry brigade, was killed in the densely populated Jabalya refugee camp in the northern Gaza Strip.

More…

Best,
CIGA Big Tatanka

Dear BT,

Looking your way today from Africa, it certainly looks that way.

a. Israel makes a serious mistake in judgment.
b. Pakistan goes nuclear.
c. Terror returns to major international centers.

There is potential for something terrible looking your way.

Regards,
Jim

Posted by & filed under General Editorial, Jim's Mailbox.

Dear Jim,

What? There is a bottomless pit of money? Unbelievable!

Regards,
Green Hornet

(Click images to enlarge)

zimbabwe-2008-01-18 Zimbabwe1

U.S. governors seek $1 trillion federal assistance
Fri Jan 2, 2009 5:48pm EST
By Jon Hurdle

PHILADELPHIA (Reuters) – Governors of five U.S. states urged the federal government to provide $1 trillion in aid to the country’s 50 states to help pay for education, welfare and infrastructure as states struggle with steep budget deficits amid a deepening recession.

The governors of New York, New Jersey, Massachusetts, Ohio and Wisconsin — all Democrats — said the initiative for the two-year aid package was backed by other governors and follows a meeting in December where governors called on President-elect Barack Obama to help them maintain services in the face of slumping revenues.

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Dear Green Hornet,

No, there is no bottomless pit of money!

There is a bottomless pit of worthless PAPER. This is the thesis of Mugabe/Zimbabwe economics, and will have the same results as applied by Mugabee/Zimbabwe.

The reality is that yes, the Zimbabwe paper pit is quite possible in the US dollar scenario. It is not only possible but getting closer to probable with each event as discussed below. Wake Up!

Break the "illusion" and see the "real" situation. It is just that SIMPLE.

People believe the Illusion to be real and the real to be an illusion until they WAKE UP!

I have only one agenda here.

WAKE UP!

Jim

Posted by & filed under Jim's Mailbox.

Jim,

I’m slipping under the radar this month. We’re buying January Comex gold for delivery and removal from the Comex warehouse. We found this little tidbit out when Trader Dan told me about his November delivery, so we are taking the gold out as fast as possible. Hope this helps

CIGA JB Slear
Fort Wealth Trading Co. LLC
www.FortWealth.com
866-443-0868 ext 104

Dear JB,

"When COMETS Unite"

I have a small story for you. I used to keep fish in my office as a hobby. In the Asian tradition, having an Arawanas is very good luck. This type of fish looks like a WW2 landing craft. It has a snake like body and an landing craft mouth.

You feed Arawanas little fish. The entire procedure is rather gross, but hey, for good luck the gross might be worth it.

One day I brought home the usual little plastic bag full of wiggling Arawanas food.

These little wiggling guys actually organized and attacked the Arawanas all at once. Together they ate off his fins. Now I had a fin-less Arawanas floating helplessly upside down.

It did not take long for the Arawanas to perish for his sins against the little wiggling guys.

The name of the food that an Arawanas eats is "COMETS." I am not joking.

I was so impressed by these courageous COMETS that I let them live long and prosper in the dead arawanas’s 150 gallon tank. They had earned their good life. They eat harmless dead dried flies.

The moral of this TRUE story is that when COMETs unite they can kill anything of any size, no matter how dreadful looking it is.

For an Arawanas to be good luck, they cannot be exposed to united Comets. Comets are better luck than any Arawanas. This is certainly true for my COMETS!

The ugly Arawanas is a COMEX paper gold manipulative short seller. We are the COMETS!

Jim

Jim Sinclair’s Commentary

The following was sent in courtesy of CIGA Carey:

Forrest Gump Explains Mortgage Backed Securities

Mortgage Backed Securities are like boxes of chocolates.
– Criminals on Wall Street stole a few chocolates from the boxes and replaced them with turds.
– Their criminal buddies at Standard & Poor rated these boxes AAA Investment Grade chocolates.
– These boxes were then sold all over the world to investors.
– Eventually somebody bites into a turd and discovers the crime.
– Suddenly nobody trusts American chocolates anymore worldwide.
– Hank Paulson now wants the American taxpayers to buy up and hold all these boxes of turd-infested chocolates for $700 billion dollars until the market for turds returns to normal.
– Mama always said: "Sniff the chocolates first Forrest".

Posted by & filed under Jim's Mailbox.

Dear Jim,

It seems Iceland, Hungary, Ukraine, Latvia, and Pakistan and now Belarus have all gotten loans from the IMF. What happens when there is no money left at the IMF?

Best,
Ciga Big Tatanka

IMF agrees $2.5bn for Belarus
Belarus has secured an emergency loan of $2.5bn (£1.74bn) from the International Monetary Fund.
By Ambrose Evans-Pritchard
Last Updated: 8:48AM GMT 01 Jan 2009

It becomes the sixth country after Iceland, Hungary, Ukraine, Latvia, and Pakistan to need a rescue since the crisis began.

The ex-Soviet state – still run by strongman Alexander Lukashenko – has suffered a run on its foreign reserves as the economic downturn engulfs Eastern Europe. The country’s key exports are potash fertilizer and oil products, both hit hard by the commodity crash.

The IMF’s chief, Dominique Strauss-Kahn, said the tough terms of the bail-out include "strict public-sector wage restraint" and cuts in state spending. Russia has pledged a further $2bn.#

More…

Dear CIGA BT,

The answer is quite simple. The US Fed will buy the 6 or more worthless loans and print more US dollar paper to re-paper the papered out IMF.

The Fed is the largest hedge fund in town and is loaded to the gills with worthless paper. Who knows, the Fed then issues bonds and buys more crap. The dollar has already gone wacko in tune with the Fed’s whacked out inventory, turning the dollar into a spinning wheat fly in the fall season that goes 9000 rpm in a blurred circle and dies, totally worn out by making its central bank a toxic land fill.

Even a nit-wit has to see where all this is going.

There is now no way out of the web of messes our masters have woven.

Happy (?) New Year,
Jim

Posted by & filed under Jim's Mailbox.

Marty’s thought for 2009

"Doing more than is expected is what makes the difference between the exhilaration of achievement, and the acceptance of mediocrity."

Jim Sinclair’s Commentary

The "M" word has no place in the CIGA dictionary.

Jim Sinclair’s Commentary

Compliments of CIGA Ken:

Busted and Bloated Paradigms and New Paradigms to come, thoughts from Ciga Ken Drees with certs in hand

Busted
The stock market is where you need to be for the long term.
Just use an Index Fund.
Housing always goes up.
Get as much house as you can afford.
Just put that on the Home Equity Loan.
Big gas hog vehicles.
McMansions.
Flip this house.

Bloated and Soon to Bust
Just toss it out, it’s cheaper to buy a new one.
Just get a divorce.
I can’t move back in with Mom and Dad.
I can’t move in with my kids and burden them.
I thought money markets were safe.
You can always trust cash.
At least I can use my credit card if things get bad.
Gold, what’s that?
Don’t worry, Washington will fix it.
Driving habits, eg., people driving to and from work with no riders.
High Paid athletes.
Pro Sports.
The Pro Sports revenue model itself.
Obesity everywhere.
Food TV.
I eat what I want, when I want.
If you don’t like it, just toss it.
Undecided majors in college.
College affordability/high priced schools.
Just charge it.
My job is safe.
Our country can fight a war anywhere, anytime.
Just Bail em out.
Retail Consumerism.
Vacations.

NEW Paradigms to come
Understanding money and economic basics.
You cannot trust Wall Street (well underway)
Political scrutiny from the people.
I talk with my congressman at least once a month.
Taking an interest and getting involved in Government.
Caring about your Government.
Anger/frustration about the state of the nation.
The dollar is not worth very much.
Gold is where you want to be or should have been.
Prices are going up all the time (underway)
Shortages of food, gasoline, etc.
Spend the dollar quick before the price of that item goes even higher.
I never eat fast food.
Eating out is a luxury.
Wasting food is a no-no.
Making homemade bread.
Frugal is in.
Bling is out.
Owning a home is not smart.
Renting is the way to go.
No, we don’t have cable TV.
Small Local newspapers make a comeback.
Who can afford college?
I am lucky and blessed to be employed.
Going to church/temple is good to do for many reasons.
Gardening. (well underway)
Saving money in a safe medium.
3 meals a day, snacks anytime — those were the good old days.
Save the money first, then buy it.
We cannot afford to keep troops all over the globe.
It’s hard to get a credit card.
Yes, I know my neighbors, don’t you know yours?
Able to make basic plumbing and electrical repairs.
Going to the library.
Mechanical knowledge is very handy.
At least baseball is cheap again.

Posted by & filed under Jim's Mailbox.

Dear Jim,

Once again you’ve given us vital information months before there are whispers of it in the mainstream press. I give the AP a lot of credit for this unblinking look at the Taliban’s rise in Pakistan, several passages of which frankly gave me chills.

A good candidate for understatement of the year: "the regional government made a mistake in May when it struck a peace deal with the militants."

God help them (and us).

Best regards,
CIGA Richard B.

Scenic Pakistani valley falls to Taliban militants
By NAHAL TOOSI, Associated Press Writer
(Key paragraphs excerpted from article)

ISLAMABAD, Pakistan – Taliban militants are beheading and burning their way through Pakistan’s picturesque Swat Valley, and residents say the insurgents now control most of the mountainous region far from the lawless tribal areas where jihadists thrive…

The 3,500-square-mile Swat Valley lies less than 100 miles from the capital, Islamabad…

Most of the insurgents are easy to spot with long hair, beards, rifles, camouflage vests and running shoes. They number at most 2,000, according to people who were interviewed.

In some places, just a handful of insurgents can control a village. They rule by fear: beheading government sympathizers, blowing up bridges and demanding women wear all-encompassing burqas…

Several people interviewed said the regional government made a mistake in May when it struck a peace deal with the militants. The agreement fell apart within two months but let the insurgents regroup…

On Friday, Pakistani intelligence officials said thousands of troops were being shifted toward the border with India, which blames Pakistani militants for terrorist attacks in Mumbai last month that killed 164 people. But there has been no sign yet of a major buildup near India.

"The terrorists’ aim in Mumbai was precisely this — to get the Pakistani army to withdraw from the western border and mount operations on the east," said Ahmed Rashid, a journalist and author who has written extensively about militancy in the region.

"The terrorists are not going to be sitting still. They are not going to be adhering to any sort of cease-fire while the army takes on the Indian threat. They are going to occupy the vacuum the army will create."

More…

Posted by & filed under Jim's Mailbox.

Dear Jim,

Thinking of your commentary on "Hedge funds gain access to $200bn Fed aid" and talking of extreme outrage:

Probably the most extensive collateral damage caused by unregulated credit and the fraud of fiat money has been the gratuitous ruin of many valuable companies and interdependent communities. These companies and communities have, contrary to self-seeking argument, mutually and efficiently evolved to best succeed in ”real world” markets. As far as possible they have avoided debt but have now bankrupted or been taken over and in an illusion of success, displayed as trophies on the walls of vacuous financial organizations as collateral to fund ever expanding market share and valueless monetary turnover that is re-circulated to create the illusion of profit and accelerating personal wealth.

This is a ponzi scheme with many layers and illusions that is becoming progressively more visible in its terminal phase at the point of exponential growth. It is not only destructive to the real economy but also of the ability to produce goods, services and vital social capital that in the end undermines a nation’s well being and stability.

CIGA Peter

Dear Peter,

Adam Smith knew as much about economics as he did about life, but for public consumption the "Unseen Hand" sold better to those that thrived for profit.

It doesn’t matter if Adam Smith knew why he played this roll of speaking truth to those who had ears to hear even if they did not know what the true attraction really was.

Peter, be assured that underneath all of this there is a public justice of another variety that will not be denied. It is an "Unseen Hand" that sets things unfailingly into balance.

Hedge Fund managers that have sewn havoc and destruction may feel invulnerable, too connected to be held accountable and too rich to be touched by mere mortals. These elitists would be well advised to study the writings of Adam Smith and to look over their shoulders often because they are the only ones who do not know their days of glory are behind them, their contacts are spent and the unseen hand is now firmly around their neck.

Strength lies in knowledge. Weakness pretends in being connected, unwisely.

"Hurricane Carter" knew the truth. He knew those who were the culprits.

So do I.

All the best,
Jim

Posted by & filed under Jim's Mailbox.

Jim,

I thought this might interest you. Very depressing to think of but like they say, forewarned is forearmed.

CIGA Daniel

Dear CIGA Dan,

Forewarned is forearmed is only true if you visit your local gun store, live on a farm in North Western Connecticut or have a home in the right two places in Africa.

Jim

‘Ariz. police say they are prepared as War College warns military must prep for unrest; IMF warns of economic riots’
Phoenix Business Journal

A new report by the U.S. Army War College talks about the possibility of Pentagon resources and troops being used should the economic crisis lead to civil unrest, such as protests against businesses and government or runs on beleaguered banks.

“Widespread civil violence inside the United States would force the defense establishment to reorient priorities in extremes to defend basic domestic order and human security,” said the War College report.

The study says economic collapse, terrorism and loss of legal order are among possible domestic shocks that might require military action within the U.S.

International Monetary Fund Managing Director Dominique Strauss-Kahn warned Wednesday of economy-related riots and unrest in various global markets if the financial crisis is not addressed and lower-income households are hurt by credit constraints and rising unemployment.

More…

Protectionist dominoes are beginning to tumble across the world
The riots have begun. Civil protest is breaking out in cities across Russia, China, and beyond.
By Ambrose Evans-Pritchard
Last Updated: 11:37AM GMT 21 Dec 2008

Greece has been in turmoil for 11 days. The mood seems to have turned "pre-insurrectionary" in parts of Athens – to borrow from the Marxist handbook.

This is a foretaste of what the world may face as the "crisis of capitalism" – another Marxist phase making a comeback – starts to turn two hundred million lives upside down.

We are advancing to the political stage of this global train wreck. Regimes are being tested. Those relying on perma-boom to mask a lack of democratic or ancestral legitimacy may try to gain time by the usual methods: trade barriers, saber-rattling, and barbed wire.

Dominique Strauss-Kahn, the head of the International Monetary Fund, is worried enough to ditch a half-century of IMF orthodoxy, calling for a fiscal boost worth 2pc of world GDP to "prevent global depression".

"If we are not able to do that, then social unrest may happen in many countries, including advanced economies. We are facing an unprecedented decline in output. All around the planet, the people have reacted with feelings going from surprise to anger, and from anger to fear," he said.

More…