Posts Categorized: Jim’s Mailbox

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Jim,

Oil and gas seem to be a reoccurring theme in US adventures around the world.

Dave

Russia To Defend Its Venezuela Oil Assets In ‘Toughest Way Possible’
March 10, 2019

Nicolas Maduro’s staunchest international ally—Russia—reaffirmed last week its full support to the Socialist leader’s regime and his efforts to prevent what Moscow sees as interference in Venezuela’s domestic affairs.

At the same time, Russia, which vowed to defend its oil assets in Venezuela as early as the political crisis began in January, sees risks to its investments in the Latin American country and pledges to react “in the toughest way” possible within international law if those investments are threatened, Russia’s Ambassador to Venezuela, Vladimir Zaemsky, told Russian government-run newspaper Rossiyskaya Gazeta in an interview published this week.

Russia is the staunchest supporter and ally of Maduro’s regime in the political power struggle in the Latin American country sitting on top of the world’s largest oil reserves, while the US and many European nations have recognized Venezuelan opposition leader Juan Guaidó as the legitimate interim president. Russia has stood by Maduro for years and has poured billions of US dollars in Venezuela in the form of loans and oil investments. Russia’s state-controlled oil giant Rosneft has extended US$6 billion of loans to Venezuela’s state oil firm PDVSA. As of December 31, 2018, Venezuela still owed Rosneft US$2.3 billion.

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Big Brother, 1984 style.

Dave

The Rise Of Totalitarian Technology
March 6, 2019

Is technological progress bad for human autonomy? That’s the question posed by Shoshana Zuboff in “The Age of Surveillance Capitalism,” a book that recounts the ways in which corporations and governments are using technology to influence our behavior. Zuboff is just the latest to chime in on “totalitarian technology” (or “total tech”), a term that describes devices and algorithms by which individuals forfeit their privacy and autonomy for the benefit of either themselves or some third party.

In the United States, total tech can be sorted into three different categories, or “spheres” of life: consumer services, the workplace, and government and politics.

Total tech is pervasive in the increasingly data-driven world of retail. Many shopping apps tap into your phone’s GPS to access your location, allowing retailers to send you advertisements the moment you’re walking past their storefront. Personalized pricing enables retailers to charge you the exact maximum that you would be willing to pay for a given product. Your personal data isn’t safe at home, either: Digital assistants like Amazon Alexa store your query history, meaning they know everything from your unique shopping history to your travel patterns to your music preferences.

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Jim,

This is why alternative media like, JSMineset is so important and the Government wants to shut it down. The NYT has a come to Jesus moment.

The story was fake/ fraud news.

Dave

Footage Contradicts U.S. Claim That Nicolás Maduro Burned Aid Convoy
March 10, 2019

CÚCUTA, Colombia — The narrative seemed to fit Venezuela’s authoritarian rule: Security forces, on the order of President Nicolás Maduro, had torched a convoy of humanitarian aid as millions in his country were suffering from illness and hunger.

Vice President Mike Pence wrote that “the tyrant in Caracas danced” as his henchmen “burned food & medicine.” The State Department released a video saying Mr. Maduro had ordered the trucks burned. And Venezuela’s opposition held up the images of the burning aid, reproduced on dozens of news sites and television screens throughout Latin America, as evidence of Mr. Maduro’s cruelty.

But there is a problem: The opposition itself, not Mr. Maduro’s men, appears to have set the cargo alight accidentally.

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Jim,

Do readers remember Dow Theory?

Dave

Oldest US Stock Index Notches Longest Losing Streak In Nearly Half A Century
March 9, 2019

The Dow Jones Transportation Average, the oldest US stock index still in use and one of the most regarded economic indicators, has hit an eleventh consecutive decline, marking the longest session of losses since 1972.

The closely watched index slid 0.45 percent on Friday amid negative market reaction in the US February job report. Since its creation in 1884, the Dow Transports had only five 11-day long consecutive losing streaks, including the latest. It had five periods of a 12-day plunge through its 135-years history, according to the Market Watch citing Dow Jones Market Data and S&P Dow Jones Indices.

The Dow Transports index reflects the performance of 20 large transportation companies, from railroad operators to airlines. Their performance is considered one of the major signs of economic health as the firms ship goods around the world. Thus the transportation companies’ losses, reflected by the benchmark index, may be a troubling sign for the whole economy.

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Jim,

As Denny asked on Saturday’s call, who will buy Treasury’s Bonds of a country when they can not see the true balance sheet?

Dave

The Pentagon’s Missing Trillions. What You Need to Know
March 9, 2019

Dr. Mark Skidmore of Michigan State University joins us to discuss his research with Catherine Austin Fitts into the $21 trillion in unaccounted transactions on the books of the US Department of Defence and the US Department of Housing and Urban Development.

We discuss what we know and don’t know about the subject, the Pentagon’s nonsensical and inadequate excuses for the debacle, the new accounting guideline that legally allows every department of the federal government to create fake and altered books for public consumption, the recent failed Pentagon audit, the government’s refusal to provide any information about the problem, the failure of congress to pursue the issue, and the failure of the press to report on it.

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Jim,

Looks like they better start up the printing presses.

Dave

“Abysmal, But Put It In Context”: Wall Street Reacts To Today’s Jobs Report
March 8, 2019

Today’s payrolls report was so bad, that it blew right through the “just bad enough” category, and failed to even register as good news for stocks and algos, which would otherwise have sent markets surging as the number defecated on the grave of any future rate hikes and brought the moment of QE4 that much closer.

Needless to say Wall Street was confused, if not shocked, by today’s unexpectedly ugly report (even if, as we reported ahead of the number, the whisper was for a far worse print). However, that does not mean Wall Street was speechless, and as the following hot takes reveal, research analysts and other sellsiders had quite a bit to say about the number, with some saying it was truly ugly, others saying to ignore it, and a third group saying it was, what else, Goldilocks and they are not surprised at all.

Kristina Hooper, chief global market strategist at Invesco:

“The February jobs report was abysmal in terms of non-farm payroll but we have to put it in the context of incredibly strong January nonfarm payrolls. However, that is not going to be solace to investors, who have been put on alert by dramatic changes in monetary policy stances by first the Fed and then the Bank of Canada and most recently the European Central Bank. This jobs report will only amplify market worries.”

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Jim,

You nailed it – QE to infinity! MOPE has failed as you said it would!

Dave

Global Economy Slows, Pushing Europe’s Central Bank to Make a Surprise Move
March 7, 2019

FRANKFURT — Just a few months ago, the European Central Bank put the brakes on a vast economic stimulus program devised during the financial crisis. On Thursday, it unexpectedly reversed course and revived some of the measures, signaling the rising threat of a recession.

The quick turnabout, from confidence to concern, reflects the broader weakness in the global economy. A slowdown in China, exacerbated by rising trade tensions with the United States, has reverberated around the world, dragging down growth in Europe and elsewhere.

The United States is Europe’s largest trading partner, while China is an increasingly important market for its cars, pharmaceuticals and manufactured goods. The industrial powerhouse Germany barely escaped recession in the latest quarter, as the country’s economy was battered by the American tariffs on its steel and waning Chinese appetite for its machine tools and Volkswagens.

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Jim,

You told listeners this would happen and here is the proof trade wars are not good policy.

Dave

US Trade Gap Hits 10-Year High As Trump’s Trade War Backfires – As It Happened
March 6, 2019

. . .

This shows that Trump’s trade dispute are not helping America rebalance its trade position.

The president will be particularly unhappy to learn that the trade gap with China has surged to a record high.

The US-China trade deficit rose by 11% to $419.2bn in 2018 – a year in which both sides slapped tariffs on each others exports.

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Jim,

More proof that M.O.P.E. does not work.

Dave

As Trade Deficit Explodes, Trump Finds He Can’t Escape The Laws Of Economics
March 6, 2019

WASHINGTON – The Commerce Department said Wednesday that the United States last year posted an $891.2 billion trade deficit in merchandise, the largest in the nation’s 243-year history despite more than two years of President Donald Trump’s “America First” policies.

The results were a sobering reminder that the laws of economics still apply to a president who had promised to supercharge economic growth while simultaneously shrinking the chronic U.S. trade deficit.

Those twin promises proved incompatible, as economists had predicted.

By cutting taxes and taking the lid off government spending, Trump gave the economy a shot of adrenaline. By thinning government regulations, he sought to further spur growth and hiring.

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Jim,

Looks like the tax cut was a short term boost…now comes the bust.

Dave

US Growth To Slow ‘Considerably’ In 2019: NY Fed
March 6, 2019

The US economy should slow “considerably” in 2019 as the boost from last year’s economic stimulus fades, the president of the New York Federal Reserve Bank said Wednesday.

Amid economic uncertainty, the Federal Reserve could “wait” before raising interest rates again, John Williams said in remarks to the Economic Club of New York.

Williams holds the number two position on the central bank’s rate-setting monetary policy committee.

Global markets have fallen in recent weeks as investors grow fearful the world economy will slow.

The Commerce Department estimated last month that the world’s largest economy had slowed at the end of 2018 but posted a strong 2.9 percent for the year.

Williams said that last year strong global growth, fiscal stimulus and easy financial conditions had helped boost the US economy.

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Jim,

As you said are the machines are taking over?

Dave

These Stock Market Charts Should Give You Pause
March 6, 2019

When you’ve studied stock market charts for three decades, you can’t help but notice that something very peculiar has been happening to the U.S. stock market in recent years. Rather than taking off at the opening bell and holding an upward bias or a downward bias for the balance of the trading day – the way stock markets historically behave – the Dow Jones Industrial Average frequently spends the morning hours rotating between sharp upward spikes and big drops as if an invisible force (say an algorithm, for example, operating in the futures market) has the controls. To see what we mean, take a look at the two charts below: one from March 27, 2018 and one from May 16, 2018.

 

 

 

 

 

 

 

 

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Jim

First they made the public brain dead, now they want to kill off the next generation.

Dave

Will 5G Cell Phone Technology Lead To Population Reduction As Large Numbers Of Men Become Sterile?
March 6, 2019

I know that the title of this article is controversial, but the scientific research that has been done in this area inevitably leads us to some conclusions that are inescapable.  Our current cell phone technology produces electromagnetic radiation that damages male fertility, and the radiation produced by the new 5G technology will be much more powerful and therefore much more dangerous.  But most people don’t know about this.  Instead, most people are greatly looking forward to the rollout of 5G technology because it will be up to 100 times faster than our current 4G technology, and who wouldn’t want that?

The big cell phone companies will be spending hundreds of billions of dollars to install hundreds of thousands of new 5G antennas, and every single one of those antennas will be constantly emitting very powerful electromagnetic radiation.  Since we can’t see the radiation, to many people the threat does not seem real, but the truth is that if you live in a major urban area you are constantly being bombarded by it.  And once the new 5G network is completely rolled out, you would literally have to live in the middle of nowhere to get away from it completely.

5G is a quantum leap from 4G, but because the smaller 5G waves do not travel as well, a lot more antennas will be required…

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Jim,

As the country argues left/ right we lose our rights every day. The public needs to wake up!

Dave

Nevada Bill Will Allow Police To Search Everyone’s Smartphone
March 7, 2019

Submitted by MassPrivatel

For years the push to replace physical drivers licenses with digital drivers licenses has relied one one thing; privacy. But all of the “fake news” the public has been fed about their privacy is about to come “crashing” down, literally.

A Nevada bill if passed would allow police to search everyone’s smartphones.

Nevada bill AB200 allows police to search the phones of everyone involved in a car crash.

“An act relating to motor vehicles; authorizing a peace officer at the scene of a traffic crash to use technology to determine if a driver was using a handheld wireless communications device at the time of the crash; requiring the suspension of the driver’s license of a driver who refuses a request by a peace officer to use such technology; providing penalties;and providing other matters properly.”

Does anyone still believe that once a cop uses a CellBrite to spy on your phone or discovers your smartphone’s unique MAC address that they will not track you in the future? If retail stores can track customers MAC address’s without a warrant don’t you think police will too?

The bill states that motorists give up their rights simply by driving in Nevada.

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Is there not a legal chain of review command, and some discretionary privacy to this?

Jim

The Mueller Report: The Final Report of the Special Counsel into Donald Trump, Russia, and Collusion

by Robert S. Mueller III, Special Counsel’s Office U.S. Department of Justice, et al. | Mar 26, 2019

Under the law this is supposed to be a private report submitted to the AG of the United Stated, and the AG and only the AG is to reveal (or not reveal) any information from the report. On top of that, no one is supposed to even know WHEN the report is supposed to come out yet…they are advertising the release date of the book as March 26.

These books advertised are either fraud or the United States is no longer….

Or those in the deep state are so afraid of what is going to happen when the information comes out that they don’t care what crimes they commit to save themselves.

Buz

 

Courtesy of Dave.

Jim

Should We Be Investing In Gold In 2019?
February 28, 2019

Diamonds may have the edge when it comes to a girl’s best friend but as the world becomes more volatile year by year, investing in the yellow metal is de rigueur and a prudent strategy in a balanced portfolio.

They say 10% of your wealth should be in precious metals… wonder will this apply to the Euromillions 6 and their €30 million each? John Lowe the Money Doctor gives the background.

If the so-called ‘gold bugs’ – investors who believe passionately in the long-term value of buying gold – are right, then this could be a good time to add a little glitter to your portfolio. Over the last few years, we have seen massive swings in the price of gold from its all-time 1980 high then of US$850 per troy ounce – in today’s money, about $2,500 – to its current price of c. US$1305 ( c. €1,154.87) per troy ounce.

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Jim,

I brought this up on Saturday.

Dave

American Farm Debt Reaches 1980s Crisis Levels: Agriculture Secretary
March 3, 2019

Debt among American farmers has increased to $409 billion, Agriculture Secretary Sonny Perdue warned Wednesday. That is up from $385 billion last year and is currently at levels not seen since the agricultural recession (farm crisis) of the 1980s, reported Reuters.

“Farm debt has been rising more rapidly over the last five years, increasing by 30% since 2013 – up from $315 billion to $409 billion, according to USDA data, and up from $385 billion in just the last year – to levels seen in the 1980s,” Perdue said in his testimony to the House Agriculture Committee.

Purdue told lawmakers: “Relatively firm land values have kept farmer debt-to-asset levels low by historical standards at 13.5%, and continued low-interest rates have kept the cost of borrowing relatively affordable.”

“But those average values mask areas of greater vulnerability,” he added.

The agricultural sector has experienced tremendous headwinds in the last five years amid deflationary trends in commodity prices, storms damaging crops, and more recent – supply chain disruptions into China due to President Donald Trump’s trade war.

“As producers are not able to cover year to year expenses with operating loans, they are forced into transforming operating loans into term debt which erodes their creditworthiness,” said Luis Ribera, an agricultural economist at Texas A&M University.

“On top of all that then we have the trade war which reduces the demand of US commodities given that tariffs make them more expensive and then depress the prices even more.”

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Jim,

Do you ever feel like you are talking to the wall? Another point you brought up on Saturday.

Dave

The Arms Race Between Gold Counterfeiters and Bullion Testers Is Heating Up
March 1, 2019

By SilverBullionSG

In late February 2019, we came across the first sample of fake bullion that was optimized to pass testing using electrical conductivity measurements (ECM).

ECM testing machines are one of the most effective retail testing tools for high purity gold or silver bullion as they are affordable, easy to use and allow for testing of packaged bars in blister packs without opening the packaging.

The bar in question was successfully sold to a pawn shop in Singapore after passing the ECM tests.

Fake gold bars are usually made of gold-plated tungsten because the density of tungsten, which is 19.25 times that of water, is very similar to gold’s density of 19.30. This makes tungsten the most suitable metal to create counterfeit gold bars whose dimensions and weight are very close to gold.

ECM testing machines have been very effective testing tools in detecting such tungsten bars because tungsten has a much lower conductivity compared to gold (18.52 vs 44.7 MS/m).  Thus, as ECM testing machines have become more mainstream, it became easy to detect gold-plated tungsten bars. 

With the prevalence of ECM testing machines, counterfeiters are now optimizing fake gold bars to fool testers. These bars were made of about 90% copper which has a theoretical conductivity of 59.1 MS/m which is one of the few metals that has a higher conductivity than gold. By carefully mixing copper with other lower conductivity metals and impurities, it is easy to reproduce gold’s theoretical conductivity of around 44.7 and pass the ECM test.

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Jim,

Another point you make over and over. I hope people act on your advice.

Dave

The Fourth Turning & The Case Against Cities
March 3, 2019

Via HardScrabbleFarmer.com

. . .

Nothing lasts forever and the accelerating pace of domestic instability demonstrates just how fragile our social fabric is. As we enter the maelstrom of the Fourth Turning anything can happen. The Empire and its narrative struggle to maintain legitimacy in a time of universal corruption. All declines follow a similar path and once the collapse occurs events pick up speed leaving everyone who has failed to prepare caught unaware. The cities are the least secure location during such periods and only those who manage to find a place out of the reach of those who tear down the walls of our civilization will be safe.

Take everything into consideration, but prepare for anything. Your life may depend upon it.

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Jim,

Dollar death by a thousand cuts.

Dave

BRICS Is Creating A Common Payment System
March 1, 2019

The BRICS states (Brazil, Russia, India, China and South Africa) are working on a common payment system BRICS Pay.

The Russian Direct Investment Fund, which coordinates Moscow’s working group on financial services of the BRICS Business Council, has shared the news with Izvestia.

A probable outcome of the project is creation of an online wallet that would combine the payment systems of all BRICS members.

The common wallet will work in the same way as the existing payment services such as Apple Pay or Samsung Pay. A cloud platform created specifically for this project will connect the national payment systems of BRICS countries.

Payment itself is expected to be made via a mobile application regardless of the national currency of the buyer. Countries without membership in BRICS will also be able to use the platform. The pilot project kicks off in South Africa in early April.

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Jim,

We saw this happen in Libya.

Dave

Video: US Forces Steal Tons of Gold Captured by ISIS in Syria, Iraq
March 2, 2019

US forces are reportedly transferring tons of gold from ISIS-held areas in Syria to the US.

According to Kurdish Bas News Agency, the US transferred about 50 tons of gold from areas seized from ISIS in Deir Ezzor province. The report says that the gold was withdrawn from Syria through the US military base in Ayn al-Arab. A part of it was allegedly shared with the Kurdish People’s Protection Units (YPG), which are the core of the US-backed Syrian Democratic Forces (SDF).

Separately, the Syrian state-run SANA news agency claimed that US forces relocated large boxes containing ISIS gold treasure from al-Dashisheh region in southern Hasakah.

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Jim,

This is a follow-up to the story I posted a couple days ago.

Dave

ICE Arrests Woman In Viral MAGA Hat Attack For Being In Country Illegally
February 26, 2019

A 41-year-old woman who assaulted a man wearing a “Make America Great Again” (MAGA) hat last Monday inside a Massachussetts Mexican Restaurant was arrested Tuesday morning by Immigration and Customs Enforcement agents.

Police say 41-year-old Rosiane Santos knocked the MAGA hat off the head of 23-year-old Bryton Turner as she was walking past him, only to return and verbally confront him.

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Posted by & filed under Jim's Mailbox.

Particularly of interest if you own junior mining shares.

Courtesy of JB.

Bill

Why The Barrick Deal Could Mean The Mega Melt Up Is Here For Gold
February 26, 2019

In 1986, Peter Munk bought a gold mine in northeastern Nevada for $62 million.

The mine was only producing 40,000 ounces of gold a year back then (around $16 million annually) … and the sellers believed the land held 600,000 ounces easily minable gold.

But those estimates were woefully short.

By 1992, the mine yielded 1.1 million ounces of gold. Today, the mine, known as Goldstrike, is the richest mine in North America – producing over two million ounces per year. And it has reserves of over 21 million ounces of gold.

Although the Goldstrike acquisition proved to be his best, Munk bought many other successful gold mines.

He was the founder of the world’s largest gold producer, Barrick Gold. And his company earned the top spot through deal making…

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