Posts Categorized: Jim’s Mailbox

Posted by & filed under Jim's Mailbox.

There is something about this man I really like.

Jim

This should be shown on Live Television with FULL TRANSPARENCY.

JB

Trump Calls For Live, Televised Hearing Of Strzok, ‘Other Hating Frauds’ At FBI, DOJ
June 26, 2018

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Courtesy of JB.

Jim

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It is amazing to me that Americans just accept this nonsense. This is nothing better than a state ruled under the reign of Bokassa or Idi Didi Amin!

GG

DOJ Won’t Release Top Secret Loretta Lynch Intercepts Suggesting Secret Deal To Rig Clinton Probe
June 26, 2018

The Department of Justice (DOJ) is refusing to release intercepted material alleging that former Attorney General Loretta Lynch conspired with the Clinton campaign in a deal to rig the Clinton email investigation, reports Paul Sperry of RealClear Investigations.

The information remains so secret that Justice Department Inspector General Michael Horowitz had to censor it from his recently released 500-plus-page report on the FBI’s investigation of Clinton, and even withhold it from Congress.

Not even members of Congress with top secret security clearance have been allowed to see the unverified accounts intercepted from presumed Russian sources in which the head of the Democratic National Committee, Debbie Wasserman Schultz, allegedly implicates the Clinton campaign and Lynch in the scheme.

“It is remarkable how this Justice Department is protecting the corruption of the Obama Justice Department,” notes Tom Fitton of Judicial Watch, which is suing the DOJ for the material.

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Yes her name is Reality Winner, and she’s the first in a line of many accused of espionage.

JB

Reality Winner, Former NSA Contractor Accused Of Leaking Documents, Pleads Guilty
June 26, 2018

Reality Winner, the former National Security Agency contractor accused of leaking classified information to journalists, pleaded guilty Tuesday as part of a deal with prosecutors.

Winner, 26, pleaded guilty to one count of unlawful retention and dissemination of national defense information.

Her plea agreement, signed June 19, says she’s facing a possible sentence of 63 months in jail and three years of supervised release. No date has been set yet for a sentencing hearing.

Winner was arrested in June 2017 for allegedly feeding a classified report with information on Russia’s involvement in the 2016 presidential election to a news outlet.

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Chinese Official Raises Specter Of ‘Financial War’ With The United States
June 20, 2018

As the trade row between the United States and China heats up, a previously dovish senior Chinese government economist has taken the gloves off, quoting Mao Zedong in an interview with SpiegelOnline: “You lead your war, and I lead mine.”

Mei Xinyu, a member of the Commerce Ministry’s Chinese Academy of World Trade and Economic Cooperation, warned that the two economic giants might be on the brink of a “financial war” with a potential outcome that is “beyond our imagination.”

He told the German website that the dispute over tariffs with the US, which he provocatively dismissed as a country that is going “downhill” and has “lost its fighting spirit,” had undeniably escalated into a full-blown trade war.

“We’ve been in a trade war for about two months. US President Donald Trump has imposed punitive tariffs on Chinese imports worth $50 billion and threatens to expand by $200 billion. If this is not a trade war, what else?”

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Courtesy of Dave.

Jim

American Totalitarianism and the Culture of Fake News
June 26, 2018

. . .

This culture of systematic brainwashing – in a much-vaunted democracy by a self-declared free, independent news media – is undoubtedly a factor in why American citizens seem to have such a hard time telling facts from fiction. The fake news phenomenon in the US is neither new nor unexpected. It’s a corollary of the way the population has for decades been degraded to a status of controlled subjects. This has long been the objective of US elite propagandists like Edward Bernays who in the 1920s strove to “control the habits and thoughts of the populace”.

As former CIA chief William Casey would later cynically brag to President Ronald Reagan during a cabinet meeting: “We’ll know our disinformation program is complete when everything the American public believes is false.”

The fascinating and distinguishing thing about the de facto US totalitarian system is the illusion that the public has of being “free” – the biggest fake news of all.

This complacent acceptance of “freedom” as a seeming “fact” is perhaps the key factor in why the US and Western capitalist system perpetuates. Few suspect that they are in actual fact nothing but captives, slaves, subjects, in a menagerie of fakery, or false consciousness, about the oppressive condition of their lives.

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You don’t become a candidate for a President of the United States if you are not vetted…by the people who actually run the US.

Dave

Pepe Escobar Covers The World: From ‘New York Aristocracy’ To The End Of America’s Hegemony
June 25, 2018

Brazilian-born journalist Pepe Escobar, who is perhaps best known for predicting the War on Terror in a column he published for the Asia Times just weeks before 9/11, sat down for an interview with Balkan info earlier this month,m during which they discussed a wide range of topics, ranging from the Deep State’s role in green lighting President Trump’s rise to power, to the imminent Soviet-style collapse of the US. Along the way, he shared his views on the US’s complex and often adversarial relationships with China and Russia, as well as the hidden motives undergirding the US’s relationship with the Kingdom of Saudi Arabia.

The interview began – as these interviews so often do – with an examination of the Trump presidency, with Escobar explaining the dualistic nature of Trump’s unique position as both an “insider” and an “outsider” in US politics.

Trump, Escobar explains, wasn’t born into the Manhattan aristocracy. And though the “Masters of the Universe” – a group that includes the country’s top bankers along with the leaders of the military and intelligence communities – were initially reluctant to embrace him (as were many factions within the Republican Party), they eventually changed their minds once they understood that he would advocate for their interests.

“He’s not born in lower Manhattan…and he’s not part of the New York aristocracy, the establishment that’s been there for some 150 to 200 years…he’s still regarded in New York as a wealthy outsider. But in the end, he was accepted by some sectors of the Republican Party – even though they initially didn’t want to accept him – Washington, some sectors of the Republican Party.”

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Everything is converging and when one factor breaks, significantly the rest will follow.

GG

China Panic: 250% Debt/GDP And A Staggering $30 Trillion Of Debt
June 27, 2018

As the world hurtles toward the next crisis, there is now panic in China as now face 250% Debt/GDP and a staggering $30 trillion of debt.

Debt/GDP Of 250%!

June 27 (King World News) – Gerald Celente:  “Look at what’s going on in emerging markets.  You are watching one currency after another hit new lows or yearly lows.  Emerging markets are $10 trillion in debt.  And when you look at 2nd quarter Chinese growth, there’s a sharp decline in a lot of sectors.  It has nothing to do with the trade war.  They have some real problems…

Gerald Celente continues:  “China’s Debt/GDP ratio is roughly 250%!  They have $30 trillion in debt.  Now things are slowing down so they are printing more money in order to boost their economy.  China’s currency is not going down because they want to gain more trade exports.  It’s going down because they are juicing their markets with more cheap money.  It goes back to gold.  Gold is still the ultimate safe haven asset.  And if this thing breaks out to war in the Middle East, kiss the markets goodbye.  And watch inflation and gold prices skyrocket.  And you…To continue listening to Gerald Celente discuss the top trend for the back half of 2018 as well as what surprises to expect CLICK HERE OR ON THE IMAGE BELOW.

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Jim/Bill,

His policies bend like branches of a tree in a strong breeze.

Stiff tariffs until someone or something (like a market meltdown) confronts him.

Then it’s “Just Kidding!”

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Either stick to your guns or lose credibility in the world.

CIGA Wolfgang Rech

Muchin: “Unfortunate” Market Got Mixed Messages; CFIUS Won’t Target China Specifically
June 27, 2018

Confirming that the Trump administration was clearly spooked by the market’s Monday drop, following news that Trump “blinked” on the escalating trade war, and had decided against creating a new regime to review Chinese investment in the US and will instead rely on the existing CFIUS approach to protect US technology, Treasury Secretary Steven Mnuchin told CNBC that it was “unfortunate” the market got mixed messages and that all Trump advisors were unanimous on this decision.

“If there are mixed messages, that’s something that is unfortunate,” Mnuchin told CNBC’s “Squawk Box.” “What happened over the weekend there were leaks saying that president had made a decision had been made. It was completely not true.”

“When the president and I discussed this, he suggested I tweet on behalf of him to clarify that a decision had not been made,” Treasury secretary added. “Those leaks were not helpful to the markets or not helpful to the process.”

Mnuchin blamed White House trade advisor Peter Navarro for sending mixed signals Monday about the Chinese investment restrictions.

* * *

Earlier on Wednesday, the White House announced that it won’t be looking to block companies with 25 percent or more of Chinese ownership from buying certain U.S. tech-related companies. Instead, the government will rely on the newly-strengthened Committee on Foreign Investment in the United States, or CFIUS, to deal with concerns.

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Futures Spike After Trump Blinks, Decides Against Harshest Measures On China Investment
June 27, 2018

Confirming yesterday’s report that Trump was ready to offer China an “olive branch” following the sharp market drop following reports that the US would crack down on Chinese investment, moments ago Trump administration officials said that the White House would push Congress to strengthen the CFIUS inter-agency panel that it will employ as its main tool to curb Chinese investments in sensitive U.S. technologies.

This means that contrary to earlier reports, the White House won’t be look to block companies with 25% or more of Chinese ownership from buying certain U.S. tech-related companies. Instead, the government will rely on the newly strengthened Committee on Foreign Investment in the United States to deal with concerns about foreign purchase of sensitive domestic technologies.

As Bloomberg notes, this strategy is a less confrontational approach toward China than many had expected. As the FT and WSJ reported on Sunday night, the administration had considered employing a little-used national emergency law called the International Emergency Economic Powers Act of 1977 to curb prospective investments.

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Morning Update for June 27, 2018
June 27, 2018

Stock futures are erasing early losses Wednesday after the Trump Administration announced a softened stance on limits to foreign investment in certain industries. After threatening a ban on all Chinese investment earlier in the week, the new plan appears to be broadening the powers of the Committee on Foreign Investments in the United States, an inter-agency panel that already conducts a security review of mergers where foreign ownership is involved. The new standard would apply to all countries, not just China. Elsewhere in markets, oil prices are rising after the U.S. stepped up pressure on foreign buyers to stop doing business with Iran. The Dow Jones is up 0.01%, the S&P 500 is down -0.05%, the Nasdaq is down -0.27%.

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Posted by & filed under Jim's Mailbox.

See the definition of psychopaths and why they are so dangerous!

The only problem I have with this article is that they the author fails to make a proper distinction between the Old and New Mob.

The Old Mob had order, respect, rules, organization, legal and business defenses in place. Women and children plus blood family were never hurt.

The Mew Mob are all Psychopaths with immense power and no redeeming human qualities whatsoever.

GG

Spygate Blown Wide Open! Psychopaths Scattering!

June 25, 2018

A psychopath will do anything, anytime, anywhere to win.

They have no scruples and therefore have no constraints on their utterly reckless behavior. Because they completely

lack empathy, they care not about the extreme pain and suffering they cause others. They lack the capacity to even consider the horrendous consequences of their actions.

Hence, they feel unrestrained to commit any wrong, any crime, or any shocking atrocity in order to achieve their objectives. For them, the end always justifies the means… no matter how barbaric or repugnant their actions are.

On the other hand, people of conscience are significantly limited in what they might do in the attainment of their goals. They will not deliberately perpetrate evil deeds.

Unlike psychopaths, they do not perform actions to win; rather, they act out of righteousness for the greater good of all.

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Dennis has a point, have you prepared and put food back?

Bill

Preparedness is Fundamental
April 30, 2017

(*This is a post that I made in October of 2011. It was prescient then and even more so today.)

It’s the doomsdayer’s perfect storm. On the same day the Dow crashes, a small asteroid hits the earth just as an earthquake triggers a tsunami … you get the idea. It doesn’t look good.

A few weeks have passed, the cupboards are bare and you’re hungry – really, really hungry. So hungry you could almost bring yourself to eat Tofu. Someone sees your plight and makes you an offer. You can have a pound of gold or a pound of peanut butter, what would you do?

It’s a no brainer. Unless you were Ebeneezer Scrooge, you’d be all over the peanut butter. I’m not saying gold isn’t a terrific investment, but in the scheme of things, everything needs to be prioritized. If you’re like most Americans, and are having trouble making ends meet, you need to look at the big picture. You can go weeks without food and just a few days without water, so the top priority becomes obvious.

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Courtesy of JB.

Jim

Trade War Hits Stocks as $8 Trillion in Bear Market: Inside EM
June 26, 2018

Stocks in developing nations slumped as heightened concern that a trade war will sap global economic growth put equity gauges worth $8 trillion in a bear market. Currencies also retreated and are heading toward their worst month since November 2016.

The MSCI Emerging Markets Index sank to the lowest in 10 months, while 18 out of 24 currencies tracked by Bloomberg fell. The Shanghai Composite Index has tumbled 20 percent from its peak in January, with China joining nations such as Turkey and Pakistan in crossing that threshold. The risk premium on sovereign bonds over U.S. Treasuries widened.

Traders are grappling with conflicting signals after President Donald Trump hinted Tuesday at a less confrontational path toward curbing Chinese investments in sensitive U.S. technologies. His remarks seemed to favor the approach of Treasury Secretary Steven Mnuchin over National Trade Council Director Peter Navarro. Earlier, President Xi Jinping reportedly said he would strike back. In addition to tension between the world’s two biggest economies, traders are assessing a scenario of accelerated tightening by the Federal Reserve and impact of higher oil prices.

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Courtesy of Dave.

Four Presidents Conspired To Give $100 Billion to Israel
June 25, 2018

The New Yorker staff writer Adam Entous revealed on June 18 that four sitting U.S. presidents beginning with Bill Clinton signed secret letters agreeing never to publicly discuss Israel’s undeclared nuclear arsenal. According to Entous, President Trump’s aides felt “blindsided” by Israeli ambassador Ron Dermer’s urgent demand to sign a fourth letter. Only a small number of “senior American officials” in the previous three administrations even knew about the existence of such letters. Though said not to specifically mention Israel’s arsenal, Israeli leaders interpret the letters as binding American pledges not to publicly mention Israel’s nuclear weapons or press Israel to sign the Treaty on the Non-Proliferation of Nuclear Weapons (NPT). The letters add to growing evidence of a longstanding multifaceted executive and federal agency conspiracy to violate the US Arms Export Control Act on Israel’s behalf.

US Foreign Assistance to Israel Since the Clinton Administration (US Billion)

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Source: 2018 GAO report “US Foreign Aid to Israel,” MOU commitments, inflation-adjusted, excludes black budgets.

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US Dollar Will Crash & Burn Because Of Trade War With China – Investor Peter Schiff
June 25, 2018

The idea that a trade war between US and China is good for the dollar is complete nonsense, according to investor Peter Schiff. He believes that greenback will only depreciate.

“The thinking is – at least when it comes to trade – is that the dollar is going to benefit from a trade war, which I think is wrong. I think it’s just as wrongheaded as the concept that the dollar is going to benefit from larger budget deficits,” Schiff said.

According to Schiff, while one may think that a trade war or US budget deficits can create a dollar deficit that will prop up the greenback, in reality the world will be flooded with American currency. “The thinking is this is going to absorb all the dollars out there and there is going to be a dollar shortage, which is complete nonsense.”

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Posted by & filed under Jim's Mailbox.

Dear Jeff,

Please see the video we posted today, Sunday, about a Sino-USA War that could easily grow out of the present trade war that is just beginning. Ten years ago I told everyone that the South China Sea was all about oil, and could create a Sino-USA war, but no one listened. It was like me being sixteen years ahead in telling you gold would go to $1650. Now it will go to $50,000 between a close Friday and an open Monday in the form of a gap never to be filled. Do you now understand why China, and their ally Russia, are buying all physical? Now do you understand why nations are taking their gold bullion home out of the USA and Great Britain?

I pointed out that Pakistan was a major enemy, not an ally to the USA a long time ago. Then, living in India it was not hard to see in advance.

If Africa actually dumps the cancer of corruption, its significance will be huge. However, it will take a Very Strong Scary Man to make it happen. Maybe it is the Hon. President Magafuli of Tanzania who is the man to make that continental change. That key point is invisible to the world’s extractive industry. In people’s minds, it is questionable if Africa even exists to them other than outside of an undefined continent. Tanzania is the treasure trove of rare earth and strategic metals and materials. Tanzania is the resource center and gold lockbox for the entire world, not RSA or DRC. What is wrong with “Africa for Africans” if “America First” is palatable. Colonialism is dead everywhere, but in the management of extractive industries understanding. The miners simply have no clue of the future of Africa or of the items they extract.

Why do I see all of this clearly, and seem so impotent to communicate to the many? I actually see it like others see a movie, but who listens. Did you before? Do you now? So what good is knowing the ending of things before the beginning of things? I do, but so what?

Jim Sinclair

Executive Chairman

j.sinclair@tanzanianroyalty.com

Posted by & filed under Jim's Mailbox.

Courtesy of Dave.

Jim

Currency War Can End Global US Dollar Dominance & Those Who Own Gold Have Power
June 24, 2018

The world is facing a currency war and the only hedge against the crash of the US dollar is real gold, a precious metal analyst has told RT. With geopolitical power shifting from West to East, US dominance may be ending.

One such sign is the recent repatriation of gold from the United States. Countries such as Turkey, Germany, the Netherlands have been moving the bullions home. The reason is the Cold War is over and countries don’t see Russia as a threat anymore, says Claudio Grass, an independent precious metals advisor and Mises Ambassador.

“Central banks moved their gold because they felt threatened by the USSR and saw the USA as their natural ally. The fact that central banks are repatriating their gold shows that this has changed. It also implies that they don’t see Russia as a bigger threat than the USA any longer. Europe stands in the center of this geopolitical power shift and some countries obviously believe it’s wise to store the gold in their home countries,” he told RT.

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Russia Gets Rid Of US Treasury Securities And Buys Gold
June 22, 2018

US sanctions have forced Russia to look at ways of securing its foreign reserves. In recent years, Moscow has increased purchases of physical gold and dramatically reduced its share of US debt bonds.

The political standoff started in 2014, shortly after the conflict in Ukraine and the referendum in Crimea in favor of joining Russia. Several rounds of US sanctions followed, with the latest affecting major Russian companies and individuals who run them.

In April, Russia sold half of its US sovereign debt bonds, getting rid of nearly $47 billion worth of securities, according to US Treasury data released last week. The sell-off is a signal that Russia’s financial regulators are diversifying the country’s foreign exchange reserves, say analysts at the Copenhagen-based Danske Bank.

“Some people ask whether the Russian Central Bank sold them to support the ruble in April, but it’s about changing allocation as reserves continue to grow,” Vladimir Miklashevsky, a senior economist at Danske Bank in Helsinki, told Bloomberg. “Rising US yields have fueled the sell-off.”

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Courtesy of Dave.

Jim

Inside The Deep State: “If Only We’d Listened To Ike
June 23, 2018

Many Trump supporters, and even some on the left, like to talk about the “Deep State” secretly having complete control of our government, thus rendering our elected leaders to be nothing more than meaningless figureheads. Let’s investigate.

Long before the term ‘Deep State’ became popular, the term “Military Industrial Complex” was coined by President Dwight Eisenhower.

He gave his now famous Military Industrial Complex (MIC) speech on Jan 17, 1961.

During his ominous farewell, Ike mentioned that the US was only just past the halfway point of the century and we had already seen 4 major wars. He then went on to talk about how the MIC was now a major sector of the economy. Eisenhower then went on to warn Americans about the “undue influence” the MIC has on our government. He warned that the MIC has massive lobbying power and the ability to press for unnecessary wars and armaments we would not really need, all just to funnel money to their coffers.

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Courtesy of Dave.

Jim

The World Transformed and No One in America Noticed
June 22, 2018

The world transformed and nobody in the West noticed. India and Pakistan have joined the Shanghai Cooperation Organization. The 17 year-old body since its founding on June 15, 2001 has quietly established itself as the main alliance and grouping of nations across Eurasia. Now it has expanded from six nations to eight, and the two new members are the giant nuclear-armed regional powers of South Asia, India, with a population of 1.324 billion and Pakistan, with 193.2 million people (both in 2016).

In other words, the combined population of the SCO powers or already well over 1.5 billion has virtually doubled at a single stroke.

The long-term global consequences of this development are enormous. It is likely to prove the single most important factor insuring peace and removing the threat of nuclear war over South Asia and from 20 percent of the human race. It now raises the total population of the world in the eight SCO nations to 40 percent, including one of the two most powerful thermonuclear armed nations (Russia) and three other nuclear powers (China, India and Pakistan).

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Courtesy of Dave.

Does the US Military “Own the Weather”? “Weaponizing the Weather” as an Instrument of Modern Warfare?
June 24, 2018

First published in September 2017.

Environmental modification techniques have been available to the US military for more than half a century.

The issue has been amply documented and should be part of the climate change debate.

Note: There is no evidence of “weather modification” in relation to recent climatic disturbances (hurricanes), but at the same time there is no firm evidence that this climate instability is attributable to greenhouse gas emissions.

The broader issue of environmental modification techniques must be addressed and carefully analyzed. It should also be understood that the instruments of weather warfare are part of the US arsenal of weapons of mass destruction (WMD) and their proposed use by the US military against “enemies” constitutes not only a crime against humanity but to put it mildly a threat to planet earth.

In this essay I am providing the reader with direct quotes from a US Air Force document on the use of environmental modification techniques which indelibly provide irrefutable evidence that the threats are real and must be addressed.

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Posted by & filed under Jim's Mailbox.

I think these so-called news reporting entities, channels and journalists should go to prison for intentionally misleading the people. What they do is a very dangerous practice!

GG

Time Apologizes For Cover Story About Migrant Girl Who They Said Was Taken ‘Screaming’ From Her Mother By US Border Patrol Agents, After It Emerged The Pair Were NEVER Separated
June 23, 2018

Time magazine has issued a correction to a controversial cover story about a Honduran migrant girl who they said was taken from her mother by US border patrol agents after it was revealed that the pair were never separated at all.

Three-year-old Yanela Denise became the unintentional face of the now defunct family separation crisis after photographer John Moore captured her agonized face screaming as her mother was questioned by agents on June 12.

After the picture was taken, the pair were taken together to a family detention center. Yanela’s father has since told DailyMail.com that they are ‘safe’.

As millions shared Yanela’s photograph on social media and attached to fundraisers for other children who have been separated from their families, Time used it on its cover.  The magazine photoshopped an image to place her at the foot of a towering Donald Trump and the words ‘Welcome to America’ appeared next to it.

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This could well be the greatest accomplishment of this administration over time.

Jim

The uninstalling of traitors to our Constitution and all laws continues.

JB

Supreme Court Hands Trump The Power To Fire Thousands Of Judges
June 23, 2018

Perhaps the biggest roadblock to Trump’s MAGA agenda has been radical, liberal judges. These men and women, appointed by previous presidents and other powers, have interfered with President Trump’s lawful authority.

But that’s all about to change.

Judges are supposed to be impartial. They have a solemn duty to uphold our laws. Decisions made by judges can decide the fate of not just one person, but millions. Judges that preside over federal issues can very well affect the lives of every last American.

We’ve seen how radical judges can harm our country. Obama-appointed judges have overstepped their bounds by attacking Trump’s lawful executive orders. They have allowed their personal, political views to violate their responsibilities.

Not only that, but certain groups within our government have been appointing judges—without the approval of the president. This is clearly a violation of the Constitution. Thankfully, the Supreme Court felt so too. Now many questionable judges are about to get their walking papers.

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This is kind of interesting!

GG

China’s Shanghai Stock Market Index is Crashing! Will this spread to U.S. and Europe’s Markets? Read our Weekend International Market Forecast Report, issue no. 2943, June 22nd.

Available via Subscription

Courtesy of JB.

Jim

Merkel Caves In: Germany ‘To Offer To Scrap Eu Tax On Cars’ In Trump Victory
June 21, 2018

President Trump’s ambassador to Germany, Richard Grenell, has held high-level talks with German car makers BMW and Volkswagen about dropping car tariffs between the US and Germany.

The manufacturers said they were open to the idea of dropping tariffs as long as it was part of a larger overall industrial scheme.

This comes as trade relations between the EU and US become increasingly tense, with Mr Trump infuriating those in Brussels by slapping huge tariffs on European steel.

In response the European Commission said they were going to add a 25 percent charge on £2.43 billion worth of US goods.

But Germany appears to be considering breaking rank in order to protect their lucrative car industry.

The Wall Street Journal revealed the climbdown while the two parties are deep in talks.

Mr Trump has taken a hardline approach to US-EU trade since taking power, especially when it comes to German car manufacturing.

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Bitcoin Zero plus Zero = Zero.

Jim

Anybody that believes that the authorities who suppress gold will allow a gold-backed crypto?!

GG

Bitcoin Drops to $5,860, Lowest since October 2017. True Believers with Fake Hopes Got Cleaned Out by Early Movers
June 24, 2018

In dropped to $5,860 at the moment, below $6,000 for the first time since October 29, 2017. It has plummeted 70% in six months from the peak of $19,982 on December 17. There have been many ups on the way down, repeatedly dishing out fakes hopes, based on the ancient theory that nothing goes to hell in a straight line (chart via CoinMarketCap):

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If you’re a True Believer and you just know that bitcoin will go to $1 million by the end of 2020, as promised by a whole slew of gurus, including John McAfee – “I will still eat my dick if wrong,” he offered helpfully on November 29 – well you probably don’t need this sort of punishment. You’re suffering enough already. And I apologize. I feel your pain. I was a true believer too a few times, and every single time it was a huge amount of fun, and I felt invincible and indestructible until I got run over by events.

With 17.11 million bitcoins circulating today, if bitcoin were at $1 million today, it would amount to a market cap of $17 trillion. But new bitcoins are constantly being created out of nothing (“mined”) by computers that suck up enormous amounts of electricity. And by the end of 2020, there will be many more bitcoins, and if the price were $1 million each, the total would amount to about the size of US GDP.

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Courtesy of Dave.

Jim

China Can Hurt America In Trade War Six Ways From Sunday
June 21, 2018

The threat of a full-scale trade war between the US and China has dominated the news in recent weeks. The countries have exchanged import tariffs on each other’s goods, and are threatening further protective steps.

After numerous threats to tax Chinese imports, US President Donald Trump fired the first shot by approving $50 billion in tariffs that will come into force on July 6. Beijing immediately responded by imposing a 25-percent tariff on American imports worth $34 billion, which will come into effect on the same day.

Trump issued a threat to impose additional 10-percent levies on $200 billion of Chinese goods coming to the US. This prompted a pledge from China’s Commerce Ministry to “forcefully fight back” with “qualitative” and “quantitative” measures.

The mutual exchange came two months after the White House slapped China and several other nations, including Russia and India, with an import tax of 25 percent on steel and 10 percent on aluminum. In late May, the measure was extended to the EU, Canada and Mexico.

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Courtesy of Dave.

Jim

China Cuts US Investments By 92% Amid Escalating Trade War
June 21, 2018

The US market saw a significant plunge in investment from China in the first five months of the year amid a growing trade row between the world’s two largest economies.

Chinese investments totaled $1.8 billion from January through May, representing a 92-percent drop against the same period a year ago. That’s the lowest level in seven years, according to the latest report by Rhodium Group, a research provider that tracks Chinese foreign investment.

Chinese corporations that had been pumping cash into the US to cement ties over a long period have cut their investments in recent years. In 2017, investments declined by 36 percent to $29.7 billion from $46.5 billion during the previous year.

“The more confrontational approach of the Trump administration toward economic relations with China has cast some doubt, in these companies’ minds, about their position here,” said Thilo Hanemann, a director at Rhodium Group, as quoted by CNN Money.

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Jim/Bill,

I hope people are getting the message.

CIGA Wolfgang Rech

Manufacturing PMI Plunges To 7-Month Lows: Orders Tumble As Prices Soar
June 22, 2018

Following a slight bump in EU Composite PMI this morning, US Composite PMI dipped in June (preliminary) data driven by a slump in manufacturing.

While Services PMI slipped lower, Manufacturing plunged to its weakest since Nov 2017.

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More worrisome is that Stagflation is here –  New Orders tumbled to the lowest since September and inflation spiking with input costs at their highest since Sept 2013.

US continues to outperform according to the soft data surveys…

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Courtesy of Dave.

Jim

The Diseased, Lying, Condition of America’s ‘News’ Media
June 21, 2018

Both President Trump and former President Obama are commonly said in America’s ‘news’ media to be or to have been “ceding Syria to Russia” or “ceding Syria to Russia and Iran,” or similar allegations. They imply that ‘we’ own (or have some right to control) Syria. That’s not only a lie; it is a very evil and harmful one, dangerously goading the US President to go even more against Russia (and Iran) (and, of course, against Syria) than has yet been done — but the ‘news’media don’t care about that evil, and that falsehood, and that dangerousness — they do it anyway, and none of them attacks the others for perpetrating this vicious war-mongering lie, that lying provocation to yet more and worse war than already exists there. And the fact that none is exposing the fraudulence of the others on this important matter, is a yet-bigger additional scandal, beyond and amplifying the media’s common lying itself. Because they all function here like a mob, goading to more and worse invasions, and doing it on the the basis of dangerous lies — that America, and not the Syrians themselves, own Syria.

These lies simply assume that America (probably referring to the US Government, but whatever) somehow “has” or else “had” Syria (so that America can now ‘cede’ it, to anyone); and this assumption (that the US somehow owns Syria) is not only an imperialistic one (which is bad, and wrong, in itself), but it reduces to nothingness the rights (in the minds of the American public) of the Syrian people, to control their own land. That lie is what America’s ‘news’media won’t expose, but instead they all cooperate with it, when they’re not actually participating, themselves, in spreading these lies.

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Maybe a tad early, but a great trade as I see it. Courtesy of JB.

Jim

Russia Buys 600,000 oz Of Gold In May After Dumping Half Of US Treasuries In April
June 21, 2018

Russia adds another 600,000 oz to it’s gold reserves in May

Holdings of U.S. government debt slashed in half to $48.7 billion in April

‘Keeping money safe’ from U.S. and Trump – Danske Bank

Trump increasing the national debt by another 6% to $21.1 trillion in less than 18 months

Asian nations accumulating gold as shield against dollar devaluation and trade wars

Russia dumps Treasuries for gold and in a Trade war China and others may do the same…

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Jim/Bill,

Pensions.

It’s not just a U.S. problem. It’s become a global phenomenon.

We haven’t learned a thing in 2,000 years!

“In the year 6 AD, the Roman emperor Augustus set up a special trust fund known as the aerarium militare, or military treasury, to fund retirement pensions for Rome’s legionnaires.

Now, these military pensions had already existed for several centuries in Rome. But the money to pay them had always been mixed together in the government’s general treasury.

So for hundreds of years, mischievous senators could easily grab money that was earmarked for military pensions and redirect it elsewhere.”

Summary: We are doomed.

CIGA Wolfgang Rech

The Latest Casualty In The Global Pension Catastrophe Is…
June 22, 2018

In the year 6 AD, the Roman emperor Augustus set up a special trust fund known as the aerarium militare, or military treasury, to fund retirement pensions for Rome’s legionnaires.

Now, these military pensions had already existed for several centuries in Rome. But the money to pay them had always been mixed together in the government’s general treasury.

So for hundreds of years, mischievous senators could easily grab money that was earmarked for military pensions and redirect it elsewhere.

Augustus wanted to end this practice by setting up a special fund specifically for military pensions.

And to make sure there would be no meddling from any government officials, Augustus established a Board of Trustees, consisting of former military commanders, to oversee the fund’s operations.

Augustus really wanted this pension fund to last for the ages. And to keep a steady inflow of revenue, he established a 5% inheritance tax in Rome that would go directly to the aerarium militare.

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Closing out the Triple Witch Week

June 22, 2018

Good Friday Morning,

    We start our last day of the Triple Witch Week with Gold moving higher with the price now at $1,271.50, $1 higher inside a $5 trading range between $1,273.10 and $1,268.40 sometime before 6am pst. Silvers trade is now at $16.50 (Sept contract) with a high so far at $16.535 and a low of $16.385. We start quoting the next month’s contracts when the Open Interest in the previous month (July) falls below the next traded obligation (Sept). In other words, we always talk the price that has the largest Open Interest. The US Dollars trade is now at 94.25, down 15.4 points after being knocked down to 94.095 with a high at 94.55. Admittedly, this is an odd week because most of the time, precious metals get whacked on these last trading days during the bankers inventory check and balance week. The tactics were changed for some reason forcing the metals lower last Friday. Odd imo and maybe proof of the price hex being removed (let us pray).

  Speaking of Open Interest, June Silvers receipt obligations are still at 1 but with a volume so far of 6 which means our buyer(s) are still in need and are not hesitating one bit to keep on adding more and more. Silvers over all OI is now at 219,697. A gain of 1,591 contracts in order to keep things stagnant.

  The cryptos are taking it on the chin again with Bitcoins trade at $6,371.31, a drop $371.29 from yesterday morning. Ethereum’s trade is at $487.03, down $48.73 and Litecoins trade is at $88.88 a fall of $7.88. This drop in value has been attributed to another banker claiming blockchaining is too primitive to be used. With cost cutting everywhere in order to make a profit, one has to consider the evidence that the only thing primitive is the fact that the fiat currency system, is no longer quick, cost efficient, nor trusted, especially when the banks have court approved rights to take your money if their careers or trades, are in jeopardy. Another crypto note to add is now Congressional Critters must report their Crypto holdings if they are over $1,000.

   Italy is still making waves along its borders as they too attempt to regain their freedoms from oppression and forced immigration policies of the EU as the nation continues its attempted divorce from a relationship that refuses to listens and the judges who are siding with the EU. As a reminder, the nation is not the only one wanting out and all of this spells the end of their international currency, in short, the European Union’s attempt to one world currency itself .. failed, or is at least losing their debt burdened support.

  US Politics is really starting to heat up as we now see the FBI’s number one traitor, Peter Strzok lost his security clearance and is now working for human resources, how proud he must be right about now. There are reasons why this clown has not been fired yet, but for now, this demotion is simply the continuance of law and order coming in and cleaning house in a slow and methodical way.

   All has been saved! The Federal Reserve has blessed us all with their claims that All 35 Banks Will Be Fine If Stocks Crash 65%. It sure is a comfort to know they will be fine with your money. What they don’t say, is if you will ever have the chance to recover your money from them, if the market falls 65%.

   We are prepared as we continue to HODL our metals during this worldwide political turmoil that will surly affect all markets in the future. Hopefully our writings have encouraged you too, in gaining more and more physical precious metals, and get out of the failed system surely set to correct. Have a great weekend, HODL as much as you can, and as always … Stay Strong!

J.Johnson

 

“Judical Watch” are brave patriots. I humbly salute them. Courtesy of JB.

Jim

Judicial Watch Obtains IRS Documents Revealing McCain’s Subcommittee Staff Director Urged IRS to Engage in “Financially Ruinous” Targeting
June 21, 2018

McCain minority staff director Henry Kerner to IRS official Lois Lerner and other IRS

officials: “the solution is to audit so many that it becomes financially ruinous”

(Washington, DC) – Judicial Watch today released newly obtained internal IRS documents, including material revealing that Sen. John McCain’s former staff director and chief counsel on the Senate Homeland Security Permanent Subcommittee, Henry Kerner, urged top IRS officials, including then-director of exempt organizations Lois Lerner, to “audit so many that it becomes financially ruinous.” Kerner was appointed by President Trump as Special Counsel for the United States Office of Special Counsel.

The explosive exchange was contained in notes taken by IRS employees at an April 30, 2013, meeting between Kerner, Lerner, and other high-ranking IRS officials. Just ten days following the meeting, former IRS director of exempt organizations Lois Lerner admitted that the IRS had a policy of improperly and deliberately delaying applications for tax-exempt status from conservative non-profit groups.

Lerner and other IRS officials met with select top staffers from the Senate Governmental Affairs Committee in a “marathon” meeting to discuss concerns raised by both Sen. Carl Levin (D-MI) and Sen. John McCain (R-AZ) that the IRS was not reining in political advocacy groups in response to the Supreme Court’s Citizens United decision. Senator McCain had been the chief sponsor of the McCain-Feingold Act and called the Citizens United decision, which overturned portions of the Act, one of the “worst decisions I have ever seen.”

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Dear Reader,
A scary new political trend is taking over America…from college campuses…to even the U.S. Congress.
It’s a radical “reform” of the U.S. dollar… meant to create a “fairer” and more “equal” society…
Supporters like Professor Eric Tymoigne at Bard College, or Delman Coates at The Black Church Center for Justice and Equality, claim this reform is necessary to solve “social and economic injustice.”
But there’s a darker truth behind this trend.
If you are an investor… own life insurance or annuities… or have substantial savings in an FDIC-insured bank account…then you need to be aware of serious risks.
Click here to see what you should do.
Sincerely,
Dan Denning
Coauthor, The Bill Bonner Letter

 

It is coming!

GG

Inflation Fears Spike To 30 Year Highs
June 21, 2018

Hidden deep in the narrative-busting Philly Fed survey plunge this morning was an alarming data point that may better explain the slump in stocks than mere disappointing headlines would suggest.

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While Prices Paid and Prices Received both rose modestly (even as New Orders and Backlogs plunged), it appears Trump Trade Tariffs have sparked a Daimler-esque response in the business-people of Philadelphia who are now more worried about inflation in the next 6 months than at any time since 1988 (shooting up a whopping 23 points to 56.6)…

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Posted by & filed under Jim's Mailbox.

RICO is very serious as, if won by the plaintiff it penetrates all protective barriers to funds except the Cook Island Trust. Courtesy of JB.

Jim

Former Secret Service Agent Files RICO Suit Against Clintons, Soros, Podesta, Brock
June 21, 2018

Conspiracy theorists (and conspiracy factists) are running wild as infamously outspoken former Secret Service agent Gary Byrne has filed a Racketeer Influenced and Corrupt Organizations (RICO) suit against what some call the Democrat Deep State.

Defendants in the case include:

CLINTON FOUNDATION, CLINTON-GIUSTRA ENTERPRISE PARTNERSHIP, MEDIA MATTERS FOR AMERICA, CORRECT THE RECORD, AMERICAN BRIDGE 21ST CENTURY, CITIZENS FOR RESPONSIBILITY AND ETHICS IN WASHINGTON, SHAREBLUE, DAVID BROCK, WILLIAM JEFFERSON CLINTON, HILLARY RODHAM CLINTON, GEORGE SOROS, JOHN PODESTA, JONATHAN WACKROW, JAN GILOOLY and CLINTON GLOBAL INITIATIVE.

Quite a rogue’s gallery.

Here’s the summary of Byrne’s case…

For the past decade in which relevant predicate acts were corruptly carried out by the named defendants as “payback” for Plaintiff Gary Byrne’s role in the Clinton impeachment and his status as a “Clinton enemy” (for his temerity in telling the truth concerning obstruction of justice and gross abuse of power), along with their corrupt surrogates and collaborators (referenced individually and collectively as the “Enterprise”), David Brock and William and Hillary Clinton have been synonymous with criminal behavior, malicious baseless attacks (using mainly the illicit and vicious defamatory tactics against perceived political enemies (like Officer Gary Byrne, the Plaintiff here) of those willing to compensate participants like Brock) – and coordinating by mail and wire to violate myriad Federal and State laws in the exploitation of Enterprise nonprofit entities they use for purely partisan purposes.

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Posted by & filed under Jim's Mailbox.

J. Johnson makes the correct connection between “Physical and Real”

Bill.

“Physical” Is The “Real” In A World Of Fake
June 20, 2018

    Here we are on the hump day inside the Triple Witch Week with the markets doing what they almost always do during this period of time keeping precious metals in check with Gold at $1,275.50, down $3 inside a tight trading range between $1,272.10 and $1,278.60. Silver is flat to lower at $16.30 down 2.3 cents inside a high of $16.37 and the low of $16.25 in the early morning sometime before 6am pst. The US Dollar’s trade is at 94.73 with its high so far at 94.985 and the low of 94.64.

   June Silver’s Open Interest is now at 34 with zero volume so far. After yesterday’s write up, someone stepped into June’s delivery cycle and painted a 110+/- volume on the board which may mean a buyer and seller agreed to the swap before the COMEX close which would have increased the OI if it had taken longer to agree. This of course is one of the many ways to hide the sausage in the ledger game banks have mastered over the decades. Silver’s over all OI is now at 219,110 contracts, a drop of 2,289 obligations from the previous early morning as we see the squaring out of the July trades before the First Notice Day.

   Bitcoin is trading lower with a price now at $6,625 down $102 from yesterday’s sunrise report. Ethereum is at $524.41, down $13, and Litecoin is now at $96.46 down $2.88.

   There have been some real news stories popping up everywhere regarding all things government(s) as we see over in the European Union of Disillusionments, a continuance of the constant bickering before the break up as the stories of divorce and separation are once again using “Italy Is Collapsing” as the title.  The real issue is the uncollectable debts weighing down on the masses at the same time the currency, that many nations are living under, is losing not only nations, but support from its trading partners. Deutsche Bank is a primary issue of concern for everyone yet the media services stay away from the topic of “
currency wars” because it doesn’t have as good a selling point as people suffering. Even the United Nations seems to be losing value as the USA, once again, is uninstalling its support from the“Cesspool Of Political Bias” after we uninstalled ourselves from NATO last year.  At the same time Europe and NATO is falling apart, Russia is uninstalling American debt from its system as more than half of their held US T-bonds have been liquidated.

   The other topics for early morning consumption is the entire AI-Algo trading system(s) which has taken over all financials as a distressed trader declares This Is What “Investing Without People” Looks Like. Bill Holter penned the piece “Being Real In A Fake World” which he talked about this specific point and I too fully agree that the system we are presently living under is collapsing (and at all levels) at the same time a new system with more integrity and a much “harder to hide” behind blockchain comes into play. This is not a time to be “all in” the markets, in fact it may be a damn good reason to be all out of the third party system completely because it is absolutely falling apart right before our eyes. Anyone who thinks these issues mean nothing, and are simply the ramblings of failed traders, will find the so called “failed” being the ones who were right all along because lately all trading is fake! What does one think the word “Artificial” and “Intelligence” mean when they are combined yet are separate words with completely different meanings? It’s exactly like “Television” and “Programming”, when put together, it’s a total mind f**k.  

   We still stand with all things physical in an ever changing world. “Physical” is the “real” in a world of fake. The one thing constant is the physical values of precious metals regardless of the artificially faked price quotes. So HODL those metals and as always Stay Strong.

J. Johnson

 

Interestingly Wolfgang, after the change in currency to one that was gold backed, real estate immediately dropped 30%…and then started going down in real terms (versus gold). Real estate dropped because after the currency change as they say “there was no money on the streets”. Gold is the only true yardstick to measure value against when all is said and done.

Best,

Bill

Jim/Bill,

Existing Home Sales Slump To Lowest Since Jan: “Housing Affordability Is Becoming A Crisis”

People’s immediate reaction would be :  “Well, I guess house prices must fall if there are no buyers.”

That could be a mistake.

In Weimar Germany in the early 1920’s (during their ramp up to hyperinflation) house prices didn’t fall.  Even though people couldn’t even afford to buy an apple!

Well worth thinking about.

And if you think that the situation in America is different from Weimar, remember this:  When have you ever seen a country in so much indebtedness as us?

And with Russia dumping their US Treasury holdings and China and the rest of the world cutting back their purchases, all that debt (increasing exponentially) will have to be monetized.

Welcome Weimar.

CIGA Wolfgang Rech

Existing Home Sales Slump To Lowest Since Jan: “Housing Affordability Is Becoming A Crisis”
June 20, 2018

Following a disappointing April for home sales data, and weakness in May’s building permits data, our fiorst glance at May sales suggests all is not well. Existing home sales slipped 0.4% MoM (and were revised lower in April), well below expectations o a 1.1% rebound.

This dropped the Existing Home Sales SAAR to 5.43mm – the lowest since January

 

 

 

 

 

 

 

 

 

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Problem is Wolfgang…they have been doing this for years and getting away with all of it!

Bill

Jim/Bill,

Par for the course.

Remove any company from the index if it doesn’t help the Dow keep its upward momentum.

It’s not like GE is some penny ante stock.

Just like the BLS CPI index.  Remove any product that pushes prices higher.

 

 

 

 

 

 

 

Can smell the BS in the air?

Wall Street loves the smell of BS in morning.

It smells like victory.

CIGA Wolfgang Rech

General Electric Shareholders Should Rejoice At The Dow Removal
June 20, 2018

After more than 100 years as a component in the Dow Jones industrial average, General Electric will be replaced by drugstore chain Walgreens Boots Alliance next week.

But GE investors may take solace in the recent history of stock price outperformance from the companies booted from the Dow.

On Tuesday, David Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices, said in a statement that adding Walgreens to the Dow will make the index “more representative of the consumer and health-care sectors of the U.S. economy.”

“Today’s change to the (Dow Jones industrial average) will make the index a better measure of the economy and the stock market,” Blitzer said.

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Jim/Bill,

It’s no wonder bank regulators are being deceived and auditors being tipped off.

“Regulators Stunned By Deutsche Bank’s Spectacular, 12x VaR Trading Blowup”

This loss, which is unrivaled in either Deutsche Bank history, or in other banks’ first quarter reports – was oddly left out of Deutsche Bank’s earnings report.

…….having some $50 trillion in gross notional derivatives on its books

Crap like this can snowball throughout the banking community.  Lehman? Bear Stearns?

CIGA Wolfgang Rech

Regulators Stunned By Deutsche Bank’s Spectacular, 12x VaR Trading Blowup
June 20, 2018

Until recently, Deustche Bank was best known for being the worst managed megabank in the world, for having attempted rigging and manipulating virtually every single market and getting caught doing it, for having been “secretly” added to the Fed’s “troubled bank” watchlist, for having been told by the ECB to simulate a “crisis scenario”, for “accidentally” transferring €28 billion to an outside account, and of course, for having some $50 trillion in gross notional derivatives on its books.

As of today it is also known for having reckless traders on “full tilt” who go all in, bet the house, and lose.

As first noticed by Bloomberg, and disclosed publicly in a May 7 Federal Financial Institution filing, unknown Deutsche Bank traders suffered a staggering one-day loss in the first quarter that was almost 12x VaR, or 12 times what DB’s risk officers have estimated for regulatory purposes it might lose on a typical day.

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Jim/Bill,

If everything is on the up and up, why the need for a tip off?

Lynn Turner, a former chief accountant for the SEC told MarketWatch. “In my opinion, the information that has come to light raises a serious question with respect to the integrity, objectivity and professionalism of the audits.”

I’d run from banks as fast as I could after reading this.

CIGA Wolfgang Rech

The Auditor Of Citi, Credit Suisse And Deutsche Bank Was Tipped Off Before Regulatory Inspection
June 20, 2018

The auditor of some of the world’s largest banks including Citigroup, Credit Suisse and Deutsche Bank was tipped off before a regulator inspected them.

It’s been previously reported that KPMG executives were able to extract from the regulator, the Public Company Accounting Oversight Board, confidential information ahead of inspections, and use that information to correct their work and at least in one instance, withdrawn an opinion. But MarketWatch now has court documents that, for the first time, names the audit clients caught up in the scandal.

The Justice Department in January brought criminal charges against five former KPMG executives and one former regulator for allegedly taking advantage of advance notice of regulator inspections. Court filings made June 8 by lawyers for two of the KPMG partner defendants spells out the audit clients caught up in the scandal. They’re mostly financial companies: Citigroup C, +0.90%  , Credit Suisse CS, +0.53%  , Deutsche Bank DB, -0.81%  , Banc of California BANC, +0.00%  , BBVA BBVA, +0.72%  , Chemical Financial Corp. CHFC, +0.75%  , Ambac AMBC, -1.68%  , Phoenix Life, and NewStar Financial as well as C&J Energy Services CJ, -1.42%

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