Posts Categorized: Jim’s Mailbox

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Jim/Bill,

I have brought up Fethullah Gulen many times during our Saturday talks. Here is a very good list of sources regarding him.

Dave

Gulen-FETO Network Exposed: The Only Independent Source On All Things Gulen In One Place
August 23, 2019

In the past few weeks I’ve been receiving hundreds, if not thousands, of inquiries from all over the world asking me why I am not a participant in the recent State-Commissioned documentary on Fethullah Gulen and his network by TRT-World. It is understandable. After all, I was the first (and only) person to expose Gulen and his CIA network to the world nearly two decades ago- despite the repeated invocation of the State Secrets Privilege Act and various gag orders.

Producing documentaries is one of the most powerful means of delivering information, exposing truths, and raising awareness of issues. It is an art. But this same powerful tool can also be used as means to deliver misinformation, distort realities and facts, and further agendas not in-line with those of the general public.

Let me give you an example. I have been promoting and supporting Director Mark Hall’s amazing exposé on Gulen’s Charter Schools and networks in the United States in the form of a solid independent documentary- Killing Ed. But before I began to do this, I did my homework: I extensively researched him, his sources and his funding. I spoke with him on the phone- many times. I met with him- in person. I admire him and his work tremendously.

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Jim/Bill,

This Henry should not be taken lightly.

Dave

Henry Kissinger Gets It… US ‘Exceptionalism’ Is Over
November 29, 2019

Former US Secretary of State Henry Kissinger made prudent remarks recently when he said the United States is no longer a uni-power and that it must recognize the reality of China as an equal rival.

The furor over a new law passed by the US this week regarding Hong Kong and undermining Beijing’s authority underlines Kissinger’s warning.

If the US cannot find some modus vivendi with China, then the outcome could be a catastrophic conflict worst than any previous world war, he admonished.

Speaking publicly in New York on November 14, the veteran diplomat urged the US and China to resolve their ongoing economic tensions cooperatively and mutually, adding: “It is no longer possible to think that one side can dominate the other.”

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Jim/Bill,

You both have said, Gold is the only real money.

Dave

German Central Bank: Gold Is The Bedrock Of Stability For The International Monetary System
November 25, 2019

It was long believed in the gold space that Western central banks are against gold, but things have changed, for quite some years now. Instead of discouraging people from buying gold, or convincing them that gold is an irrelevant asset, many of these central banks are increasingly honest about the true properties of this monetary metal. Stating that gold is the ultimate store of value, that it preserves its purchasing power through time and is a global means of payment. Such statements, combined with actions that will be discussed below, reveal that more and more central banks are preparing for plan B.

The Bundesbank (the German central bank) published a book last year named Germany’s Gold. In the introduction, written by the President of the Bundesbank Jens Weidmann, the view of this bank leaves no room for interpretation. Weidmann writes (emphasis mine):

    Ask anyone in Germany what they associate with gold and, more often than not, they will say that it is synonymous with enduring value and economic prosperity.

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Jim/Bill,

I brought this up on Saturday for listeners.

Dave

Full-Spectrum Dominance

Full-spectrum dominance also known as full-spectrum superiority, is a military entity’s achievement of control over all dimensions of the battlespace, effectively possessing an overwhelming diversity of resources in such areas as terrestrial, aerial, maritime, subterranean, extraterrestrial, psychological, and bio- or cyber-technological warfare.

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Jim/Bill,

A point I made on Saturday…

Dave

Hong Kong Is In An Unwinnable Position
November 27, 2019

It is difficult to be optimistic about Hong Kong over the long-term. If you want to call a spade a spade you might even go as far as to say, Hong Kong is doomed. For months hundreds of thousands and at times over a million Hong Kong citizens have taken to the streets to protest several proposed amendments concerning how they are governed. The protesters, predominantly young people, some dressed in black and wearing face masks are often seen dragging metal barriers, linking arms, closing off roads, and surrounding government buildings.

Still, it is bigger than this, civic groups and small businesses have joined in at times with general strikes and school boycotts to “defend Hong Kong.” This started over an amendment that included a mechanism for extraditions to mainland China that triggered fears that Beijing could detain people in Hong Kong and try them on the mainland under China’s more opaque legal system. Mounting opposition has stirred from all corners of society, including business-people, lawyers and activists, who say the bill would undermine Hong Kong’s relative autonomy and independent judicial system.

While you might want to consider the idea Hong Kong has no future as simple doom porn certain social and economic factors are coming together that paint a picture devoid of hope. For the protesters, this has become a damned if you do damned if you don’t situation. While Hong Kong is considered a city by most people, it is officially the Hong Kong Special Administrative Region of the People’s Republic of China. With over 7.4 million people of various nationalities in a 1,104-square-kilometre territory. it is one of the most densely populated places in the world. For many years the area flourished as a tax haven for the British and European elite. The continued viability of Hong Kong was questionable even before the Brits turned it over to China.

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Jim/Bill,

On Saturday, we talked about the dollar dying soon…

Dave

Will America’s Trade Policy End Up Destroying The Dollar?
November 30, 2019

Authored by Alasdair Macleod via GoldMoney.com,

America’s tariffs against China are already showing signs of undermining the global economy and will create a funding crisis for the Federal Government when it leads to foreigners no longer buying US Treasury debt and selling down their existing dollar holdings. A subversive attempt by America to divert global portfolio investment from China by destabilising Hong Kong will force China into a Plan B to fund its infrastructure plans, which could involve actively selling down her dollar reserves and hastening the introduction of a new crypto-based trade settlement currency.

The US budget deficit will then be financed entirely by monetary inflation. Furthermore, the turn of the credit cycle, made more destructive by trade tariffs, is driving the global and US economy into a slump, further accelerating all indebted governments’ dependency on inflationary financing. The end result is America’s trade policies have been instrumental in hastening the end of the dollar as the world’s reserve currency, ultimately leading to its destruction.

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A world wide run on gold is on…now…”soon has arrived”.

https://www.zerohedge.com/economics/china-braces-unprecedented-massive-default-state-owned-enterprise

 

https://www.zerohedge.com/markets/second-bank-run-two-weeks-chinas-banks-are-caught-self-destructive-doom-loop

 

http://www.alt-market.com/index.php/msm/4014-trump-signs-hong-kong-protestor-bill-china-threatens-countermeasures

 

https://www.zerohedge.com/economics/how-47-billion-gold-was-secretly-moves-london-poland

 

https://www.zerohedge.com/news/2019-11-28/impending-junior-mining-mania-it-going-be-exactly-same-time

Posted by & filed under Jim's Mailbox.

Jim/Bill,

Divide and conquer works every time!

Dave

Democracy Is The Ideal Distraction
November 27, 2019

Authored by Jeff Thomas via InternationalMan.com,

In the days of yore, there were kings. Everybody could agree to hate the king because he was rich and well-fed, when most of his minions were not.

Then, a more effective system was invented: democracy. Its originators had in mind a system whereby the populace could choose their leader from amongst themselves – thereby gaining a leader who understood them and represented them.

In short order, those amongst the populace who wished to rule found a way to game the new system in a way that would allow them to, in effect, be kings, but to do so from behind the scenes, whilst retaining the illusion of democracy.

The formula is to create two opposing political parties. Each is led by someone who’s presented as being a “representative of the people.”

You then present the two parties as having opposing views on governance. It matters little what the differences are. In fact, you can have the differences be as obscure and arbitrary as, say, gay rights or abortion, and they will work as well as any other differences. What matters is that your two parties object to each other strenuously on the declared issues, working the electorate into a lather.

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Jim/Bill,

Readers need to realize they are being lied to all the time.

Dave

Mainstream Policy Expert Reveals How He Was Silenced On Syria: “Truth Did Not Matter”
November 29, 2019

A mainstream media and academic expert this week issued a rare admission: that pretty much everything the establishment has fed the public on Syria is false or distorted; but it remains that after tragic eight-year long war is slowly coming to a close, new indisputable facts are coming to light. “Truth did not matter at all,” he admits after years of providing commentary for mainstream publications.

In a lengthy thread on Twitter, counter-terrorism author and assistant professor of political science and public policy at Northeastern University Max Abrahms exposed how he saw the ‘narrative managers’ at work from the inside of the establishment think tank world and media. As his own research came to uncover and document the truth of what was happening in Syria, “the media would excise me and the research from their stories” he revealed. His work in the early years of the war appeared in The New York Times and other major outlets, however, he was increasingly censored and pushed out of a number of platforms for speaking inconvenient truths.

Below is his full commentary, written in the wake of the new OPCW leaks which the mainstream is still trying hard to ignore.

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Jim/Bill,

Info you will not get from MSM that all readers should know.

Dave

Hong Kong Ensnared In The West’s Color Revolution Hot Box – The Latest News And Analysis
November 28, 2019

I have a file on Hong Kong (HK) as thick as my hand and several concerned people have emailed me, asking me to write something. So, here is an update.

I wrote about the long, sordid history of colonial and post-colonial Hong Kong at great length in The China Trilogy. It makes for fascinating reading, from Britain’s and the US’s global illegal drug and money laundering capital, to a nominal Chinese city, which in reality is still a British colony in all but name.

I have written many HK articles available on China Rising Radio Sinoland, including being guest on TV and radio. I didn’t realize how much work I’ve published on it, until I put this list together. They are all still very valid and up to date with what’s going on, since the West only has one monovision playbook of global capitalism, war, color revolutions and chaos against its enemies. Instead of repeating myself, here they are for your perusal. If you see Hong Kong in the title, that means it’s the main focus.

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Jim/Bill,

There are many reporters out there countering the western MSM propaganda.

Dave

Western Counter-Revolution Tragically On Display At Gas Price Hike Protests
November 29, 2019

by Ramin Mazaheri for The Saker Blog cross-posted with PressTV

(Ramin Mazaheri is the chief correspondent in Paris for Press TV and has lived in France since 2009. He has been a daily newspaper reporter in the US, and has reported from Iran, Cuba, Egypt, Tunisia, South Korea and elsewhere. He is the author of the books ‘I’ll Ruin Everything You Are: Ending Western Propaganda on Red China’ and the upcoming ‘Socialism’s Ignored Success: Iranian Islamic Socialism’.)

A simple question for you: are there, for lack of a better word, “counter-revolutionaries” in Ukraine, Hong Kong or Syria? By that I mean: do those nations have people on the far extremes of the political spectrum who will provoke, take advantage of and even relish in violence against their governments?

Obviously, only a liar or somebody foolishly playing devil’s advocate would not respond that, yes, in these nations there are many such persons – the proof is overwhelming.

So why would it be so hard to believe that there are such persons – counter-revolutionaries – in Iran, and that they hijacked recent protests over gas price hikes to provoke, take advantage of and devilishly relish in death and violence against the government? Iran, unlike the nations I listed – and unlike almost every nation, period – actually had a popular revolution for extremists to counter in the first place.

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Jim/Bill,

When, not if, will China tells MBS they will only pay in Yuan.

Dave

China Chugs Saudi Oil, Drawing MBS Into Its Orbit
November 28, 2019

China has upped its imports of Saudi oil significantly, part of a bid to draw Crown Prince Mohammed bin Salman into its orbit amid an ongoing trade war with the United States.

Beijing’s crude oil imports from Saudi Arabia rose to nearly 2 million barrels per day (bpd) in October, up 24 million bpd or 76.3% compared to the previous month, Saudi daily Asharq al-Awsat reported, citing China’s General Administration of Customs.

Two new Chinese refineries – Hengli Petrochemical and Zhejiang Petrochemical – played a major role in the bump, the Saudi daily said.

While US sanctions on Venezuela, and to a lesser extent on Iran, have played a role in the Chinese leaning on Saudi Arabia for the crucial commodity, Beijing is also looking to Riyadh as a key bulwark against Trump’s trade war.

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Jim/Bill,

If Americans want to know who is in charge of running their country, the release of the records would be a good place to start.

Dave

JFK: What The CIA Hides
November 22, 2019

Authored by Jefferson Morley via Counterpunch.org,

When I launched JFK Facts, a blog about the assassination of President John F. Kennedy, in 2012, I was often asked by strangers, “So who killed JFK?”  “I don’t know,” I shrugged. “It’s too early to tell.” Given that the handsome liberal president had been shot dead a half-century before, my answer was a lame joke based on an apocryphal story. Henry Kissinger once said that when he asked Zhou Enlai, “What was the effect of the French Revolution on world history?” the Chinese statesmen replied, “It’s too early to tell.”

True to Kissingerian form, the story turns out to be not exactly true. Zhou was actually responding to a question about France’s political convulsions in 1968, not 1789.

But Kissinger’s spin on the anecdote struck me as perceptive. 

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Jim/Bill,

This week is the anniversary of the Kennedy assassination and MSM was consumed with the impeachment show, hence, the anniversary has received little to no coverage. I wanted remind readers with this article.

Dave

The JFK Files: What Gov. Connally Told Celente That Every American Should Know
Yesterday was the 56 anniversary of the assassination of John F. Kennedy. Not a story about it in the major media…New York Times, Wall Street Journal, CNN.com, etc.

Also forgotten was President Trump’s broken promise to release all the confidential files of John F. Kennedy’s assassination by 26 April 2018.

Here is the inside story told to me by then-Texas Gov. John Connally, who was seriously wounded when he took a bullet in the back sitting in front of Kennedy.

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Posted by & filed under Jim's Mailbox.

Jim/Bill,

As John Whitehead explained, in the article I put up for post recently, for too long now, the American people have played politics with their principles and turned a blind eye to all manner of wrongdoing when it was politically expedient, allowing Congress, the White House and the Judiciary to wreak havoc with their freedoms and act in violation of the rule of law.

Dave

Democrats In Congress Reauthorize Patriot Act, Again
November 20, 2019

“Nearly every Democratic member of the U.S. House of Representatives voted to fully reauthorize the Patriot Act through March 2020, extending the right of federal agents to use all sorts of secret surveillance against Americans,” reports Reason.

As the EFF says, “The USA PATRIOT Act broadly expands law enforcement’s surveillance and investigative powers and represents one of the most significant threats to civil liberties, privacy, and democratic traditions in US history. [It] gives sweeping search and surveillance to domestic law enforcement and foreign intelligence agencies and eliminates checks and balances that previously gave courts the opportunity to ensure that those powers were not abused. PATRIOT and follow-up legislation now in development threaten the basic rights of millions of Americans.”

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Jim/Bill,

A very good article written by Brandon Smith.

Dave

Trump Vs. Warren, & The Fake Battle Against The Elites
November 21, 2019

. . .

Americans are suckers for fake “people’s candidates” and always have been.

But perhaps I should expand on this with some real world examples. How about Jimmy Carter, who started out his presidential campaign with a dismal 4% in the Democratic polls. Carter would go on to explode in popularity after attacking what he referred to as the “Washington insiders”, the elites that ran the show from behind the curtain. A widely distributed paperback book that promoted Carter during his campaign called “I’ll Never Lie To You: Jimmy Carter In His Own Words” quoted the candidate as saying at a Boston rally:

  “The people of this country know from bitter experience that we are not going to get … changes merely by shifting around the same group of insiders.”

His own top aide, Hamilton Jordan, promised:

  “If, after the inauguration, you find a Cy Vance as Secretary of State and Zbigniew Brzezinski as head of National Security, then I would say we failed. And I’d quit.”

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Jim/Bill,

Let’s be clear, it’s not just the ECB.

Japan, Switzerland, many individual European countries are already doing so.

And don’t believe for one second that the U.S. isn’t considering the same. They already control the equity markets vis-a-vis purchasing of S&P Futures.

“Muller (the youngest member of the ECB’s Governing Council at 42) also noted the usual disclaimers the precede any episode of full-blown equity purchases by an entity that literally prints money out of thin air, stating that policy makers also have to be ‘aware of different side effects and think twice before you do something,’ ”

Remember the spike in inflation back in 1980? It went vertical on the charts! It took Paul Volker a lot of tap dancing, along with 20-25% interest rates to stem its onslaught. Only this time it will be more than just the economy that will be decimated.

Think of all the investors sitting on the unprecedented amount of bonds today!

-Ever wonder where those bonds will be priced at 25% interest rates? And the pain to investors?

-Ever wonder what the governments’ funding cost will be at 25%? And the pain to the public’s tax obligations?

-Ever wonder what will happen to the quadrillion in derivatives that are priced off interest rates?

At least the Central Banks are making it simple for us. DON’T short the market. Short the countries!

And the best shorting method is……. long GOLD!

CIGA Wolfgang Rech

…which means what Wolfgang? Currency will be backed by bubbled stocks?

Bill

ECB Member Hints Central Bank Will Buy Stocks When Situation Gets “Really Bad”
November 18, 2019

Following last month’s IMF summit where central bankers from around the world conceded the negative rates no longer stimulate the global economy, the ECB’s new head, convicted criminal Christine Lagarde has found herself in a quandary: besides demanding a fiscal stimulus boost from Germany, one which is unlikely to come for at least another 6 months now that Berlin narrowly avoided a technical recession, what else can she demand to stimulate Europe’s moribund growth at a time when Europe’s key offshore growth dynamo, China, is not only set to grow at the slowest pace on record but is furiously exporting deflation?

The answer came on Saturday courtesy of ECB policy maker Madis Muller, the governor of the Bank of Estonia, who essentially hinted that the ECB could very well buy stocks during the next recession, saying that the central bank could broadened its asset-purchase program, if the economic situation in the euro area deteriorates significantly.

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Jim/Bill,

Jim has been saying this for a long time.

Dave

Deutsche Bank To Replace 18,000 Workers With Robots
November 20, 2019

Authored by Mike Shedlock via MishTalk,

Deutsche Bank plans 18,000 jobs cuts in robot strategy called “Operations 4.0”.

Operations 4.0 Underway

Deutsche Bank says Operations 4.0 is already underway.

The plan is to Replace 18,000 Jobs With Robots.

    Mark Matthews, head of operations for Deutsche’s corporate and investment bank, told Financial News that machine learning algorithms “massively increased productivity” and “redistribute capacity.”

    The London-based news organization said that Deutsche is pushing to “automate large parts of its back-office” via a new strategy called “Operations 4.0,” as part of its $6.6 billion savings initiative over the next three years.

    Matthews told FN that the machine learning tools helped to save “680,000 hours of manual work” and that it “so far used bots to process 5 million transactions in its corporate bank and perform 3.4 million checks within its investment bank.”

    In what insiders called a surprising move, the bank this summer said it will keep the bulk of its equity research department despite eliminating the bulk of its stocks sales and trading division.

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Yes I know, Q is fake and a psyop. But everything written at the bottom is 100% correct so where does that leave us? Courtesy of JB.

Bill

What happens when 90% of the media is controlled/owned by (6) corporations?
What happens when those same corporations are operated and controlled by a political ideology?
What happens when the news is no longer free from bias?
What happens when the news is no longer reliable and independent?
What happens when the news is no longer trustworthy?
What happens when the news simply becomes an extension/arm of a political party?
Fact becomes fiction?
Fiction becomes fact?
When does news become propaganda?
Identity creation?
How does the average person, who is under constant financial stress (by design), find time to research and discern fact v fiction?
Majority of people more prone to believe someone in power sitting behind a big brand ‘news’ name?
Do people [human psyche] tend to follow the ‘majority/mainstream viewpoint’ in fear of being isolated and/or shunned?
‘Mainstream’ is used for a reason [dominate trend in opinion].
[If majority of people believe ‘x’ then ‘x’ must be validated / true]
Why do ‘mainstream’ media heads, within different orgs, always use the same keywords and/or catch phrases?
Coordinated? By who? Outside entity providing instructions?
Do they count on the fact that people [human psyche] are more prone to believe something if heard over-and-over again by different ‘trusted’ sources?
Do ‘echo chamber’ tactics provide validation / credibility to the topic/point being discussed?
Threat to intellectual freedom?
Would control over[of] these institutions/organizations allow for the mass control of a populations viewpoint re: a desired topic?
Read again – digest.
Would control over[of] these institutions/organizations allow for the mass control of a populations viewpoint re: a desired topic?
Logical thinking.
Why, after the election of 2016, did [D]’s and media corps jumpstart a [coordinated & planned] divisive blitz intended to create falsehoods re: illegitimacy of election, character assassination of POTUS through sexism, racism, every other ‘ism’?
Pre/post 2016 election?
Why were violent [masked] terror orgs such as Antifa immediately created/funded?
Why were these orgs tasked w/ immediate intimidation/shut down of any pro-POTUS rally[s] and/or events?
Why were marches immediately organized to counter and silence pro-POTUS rally[s] and/or events?
Why were marches immediately organized which divided people into sex/gender, race, [ism]?
When you control the levers of news dissemination, you control the narrative.
Control of the narrative = power
When you are blind, what do you see?
They want you divided.
Divided by religion.
Divided by sex.
Divided by political affiliation.
Divided by class.
When you are divided, and angry, and controlled, you target those ‘different’ from you, not those responsible [controllers].
Divided you are weak.
Divided you pose no threat to their control.
When ‘non-dogmatic’ information becomes FREE & TRANSPARENT it becomes a threat to those who attempt to control the narrative and/or stable [livestock kept – sheep].
When you are awake, you stand on the outside of the stable (‘group-think’ collective), and have ‘free thought’.
“Free thought” is a philosophical viewpoint which holds that positions regarding truth should be formed on the basis of logic, reason, and empiricism, rather than authority, tradition, revelation, or dogma.
Q

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Jim/Bill,

We covered this on Saturday.

Dave

CNBC Is Careful To Admit That Owning GLD Is Not Owning Gold
November 19, 2019

Chris Powell of GATA writes today about how he finds it interesting that CNBC are careful to admit that owning the GLD ETF is not the same thing as owning physical gold, a theme that has run strongly throughout our market commentaries for many years.

He writes…

Two cheers for today’s CNBC report celebrating the 15th anniversary of the gold exchange-traded fund GLD, since the report does not pretend that owning GLD is the same as owning the monetary metal itself.

Instead, the report says, GLD “tracks one of the world’s most popular commodities,” provides “an easy and particularly cost-effective way to get indirect exposure to gold,” and is a device for “having exposure to movements in the gold price.”

Of course it would have been nice for CNBC to note that the custodian of the vault holding GLD’s gold is the investment bank HSBC, perhaps the biggest short in the gold market; that the bank is the beneficiary of a new New York Commodities Exchange rule apparently allowing the bank to inject more “paper gold” into the futures market, that GLD itself facilitates the shorting of real metal through the borrowing and conversion to metal of its shares and the sale or lease of that metal by enormously well-funded brokers executing central bank market-rigging policy; and that anyone buying “paper gold” might as well flush his money down the toilet.

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Jim/Bill,

John Whitehead has penned an excellent article. I would recommend every one read it twice and think long and hard about what he has to say.

Dave

Impeach the Government: Rogue Agencies Have Been Abusing Their Powers for Decades
November 19, 2019

. . .

To be clear: this is not about Donald Trump. Or at least it shouldn’t be just about Trump.

This is a condemnation of every government toady at every point along the political spectrum—right, left and center—who has conspired to expand the federal government’s powers at the expense of the citizenry.

For too long now, the American people have played politics with their principles and turned a blind eye to all manner of wrongdoing when it was politically expedient, allowing Congress, the White House and the Judiciary to wreak havoc with their freedoms and act in violation of the rule of law.

“We the people” are paying the price for it now.

We are paying the price every day that we allow the government to continue to wage its war on the American People, a war that is being fought on many fronts: with bullets and tasers, with surveillance cameras and license readers, with intimidation and propaganda, with court rulings and legislation, with the collusion of every bureaucrat who dances to the tune of corporate handouts while on the government’s payroll, and most effectively of all, with the complicity of the American people, who continue to allow themselves to be easily manipulated by their politics, distracted by their pastimes, and acclimated to a world in which government corruption is the norm.

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Very interesting and insightful connection of dots by CIGA Kevin.  We believed the new SGE contracts were an attempt by China to “wag the dog” (COMEX).  As you will see below, Kevin connects these new “pledged” CME contracts to GLD (HSBC) as a way to possibly weasel the last real physical gold left.  We discussed this on yesterday’s recorded call for subscribers.

Bill

Did The Comex Just Create More ‘Paper Gold’ For Price Suppression?
November 15, 2019

A mysterious “pledged gold” entry has just showed up on the Comex gold warehouse report. The definition of this new warehouse stock classification for gold is provided in Chapter 7 of the New York Mercantile Exchange rulebook.

In brief, “eligible” gold is a gold bar stored in a Comex vault that meets Comex specifications (quality, size, purity, and brand).

A “registered” gold bar is one that has been designated for delivery and for which a warrant has been issued. This warrant is evidence of and specifies ownership title to the bar. Warrants facilitate the transfer of delivery under a Comex contract.

“Pledged gold” is a bar for which a warrant has been issued but for which the warrant has been placed on deposit at the CME Clearing House as part of a required performance bond.

The Chicago Mercantile Exchange (CME) has its own clearing division through which all trades are confirmed, matched (counterparties being verified), and settled (money changes hands). Each contract has a long and short counterparty.

A clearing member of the exchange is typically a bank, hedge fund, or commercial entity that has been admitted as a clearing member. The clearing mechanism is the “lubricant” that enables any securities exchange to function.

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Jim/Bill,

Even if the public is not in the stock market, they will still get screwed.

The Central Banks will use the public’s money to buy stocks should the markets tank.

So, even if you stay away from the toppy stock market, you will still take a loss.  The Central Banks will use your money to bail everyone out.

“the ECB will buy stocks next to somehow stimulate the European economy, when in reality all it will do is stimulate the bank accounts of those Europeans lucky enough to own stocks.”

And when it comes time to bail, wealthy stockholders will be selling their holdings to the Central Banks.  As in any market crash, there will be few bids in an open and free marketplace.  How sweet to have a Central Bank there to unload to.

But never forget, you can’t take risk out of the markets.  You can only transfer it.

And in this case, it will be transferred onto the public’s shoulders.

CIGA Wolfgang Rech

Wolfgang,

What the average person does not understand is this, once central bank balance sheets are filled with equities it will mean that equities back the very same currency used to purchase the equities…turtles all the way down with the bottom turtle standing on thin air!

Best,

Bill

ECB Member Hints Central Bank Will Buy Stocks When Situation Gets “Really Bad”
November 18, 2019

Following last month’s IMF summit where central bankers from around the world conceded the negative rates no longer stimulate the global economy, the ECB’s new head, convicted criminal Christine Lagarde has found herself in a quandary: besides demanding a fiscal stimulus boost from Germany, one which is unlikely to come for at least another 6 months now that Berlin narrowly avoided a technical recession, what else can she demand to stimulate Europe’s moribund growth at a time when Europe’s key offshore growth dynamo, China, is not only set to grow at the slowest pace on record but is furiously exporting deflation?

The answer came on Saturday courtesy of ECB policy maker Madis Muller, the governor of the Bank of Estonia, who essentially hinted that the ECB could very well buy stocks during the next recession, saying that the central bank could broadened its asset-purchase program, if the economic situation in the euro area deteriorates significantly.

More…

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Jim/Bill,

When the President started the trade wars we warned listeners that past history showed they were not good for the country. Here are some facts.

Dave

Here Are The States Where Trump Trade War Is Hammering China Exports
November 16, 2019

New data from the US Commerce Department shows at least 30 states, many of them Trump states, have observed double-digit declines in merchandise exports to China through Sept. of this year.

In Wyoming, which exports chemical products to China, recorded a -80% plunge in shipments in the first nine months. Alabama’s automobile industry reported a -49% fall in shipments, Idoha -46%, Washington -45%, Aaraknsa -44%, Florida -40%, and Texas -39%. Merchandise exports to China as a whole slumped 15% to $78.8 billion during the period.

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