Posts Categorized: Jim’s Mailbox

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As I have said many times, if you get your news from MSM you are being mislead.


US Press Reaches All-Time Low On Venezuela Coverage
May 14, 2019

Authored by Daniel Kovalik via,

As famed Latin American author Eduardo Galeano once wrote, “every time the US ‘saves’ a country, it converts it into either an insane asylum or a cemetery.” Of course, as we look over the wreckage left by the US in countries such as Iraq, Afghanistan, Libya, Somalia, Syria, El Salvador, Guatemala and Honduras, we see that this statement is demonstrably true. And yet, now that the US is poised for another intervention, this time in Venezuela, the press is right there again to cheer it along.

Analyzing 76 total press articles of the “elite” press from January 15 to April 15, 2019, Fairness & Accuracy In Reporting (FAIR) could find not one voice that opposed Trump’s regime plans in Venezuela. Meanwhile, 54 percent openly supported these plans.  Of course, this should not be all too surprising given the press’s usual complicity in past US war efforts — e.g., by pushing such war lies as the Gulf of Tonkin, the killing of babies in Kuwait, the WMDS of Iraq and the alleged Viagra-fueled rapes in Libya.  The current war lies are coming fast and furious from such outlets as CNN which lied about seeing Maduro forces lighting aid containers on fire at the Colombian border (it was in fact opposition forces which did so as the NYT admitted two weeks later), and which claimed that US puppet Juan Guaido actually won the presidential election against Nicolas Maduro when in fact Guaido never even ran for president.

What is quite stunning, however, is the total unanimity of the press in uncritically covering and supporting the ongoing coup in Venezuela. This is baffling because the same press outlets which have been rightly critical of Trump for all of his stupidity, lying and meanness, have suddenly found him brilliant, true and benevolent when it comes to Venezuela. This is particularly remarkable given that his partners in this crime are Neo-Con John Bolton; former CIA Director Mike Pompeo who recently joked that the CIA’s true motto is “We lied, We Cheated, We Stole”; and convicted liar Elliott Abrams.  As for Abrams, he is infamous for his role in the illegal funding of the Nicaraguan Contras; his covering up of the El Mazote massacre in El Salvador in which around 1000 civilians, mostly women and children, were killed by US-backed forces; and his aiding and abetting the US-backed genocide in Guatemala.




MSM doing what it does best, misleading the public.


Leaked Document Pokes More Holes In Establishment Syria Narrative
May 14, 2019

Authored by Caitlin Johnstone via,

“It is hard to overstate the significance of this revelation,” tweets former British MP George Galloway of a new report by the Working Group on Syria, Propaganda and Media (WGSPM).

“The war-machine has now been caught red-handed in a staged chemical weapons attack for the purposes of deceiving our democracies into what could have turned into a full-scale war amongst the great-powers.”









“An important #Douma #Syria ‘Assad chemical weapon attack’ development and yet more evidence to suggest the ‘attack’ was staged, as it’s now revealed that @OPCW suppressed expert engineers report that found the cylinders were likely not dropped from the air,” tweets former Scotland Yard detective and counterterrorism intelligence officer Charles Shoebridge.

“The engineering assessment confirms our earlier conclusion,” the excellent Moon of Alabama blog writes.

“The whole scene as depicted by ‘rebels’ and propaganda organs was staged. The more than 34 dead on the scene were murdered elsewhere under unknown circumstances.”




5G info.


Children And EMFs: What You Need To Know
April 24, 2019

Children are far more vulnerable to the damaging effects of electromagnetic fields than we are. Your child’s brain absorbs two to three times as many EMFs as yours, and sources of exposure are everywhere. What can you do?

Is your child’s favorite pastime screen time? Are you concerned about how much cumulative exposure your kids have to electromagnetic radiation at home and at school from computers, cell phones, tablets, electronic toys, cell towers, power lines and the like?

If not, you should be!

Children are more vulnerable than adults to the effects of EMF (electromagnetic frequencies or fields) for a number of reasons, and most are submerged in an electrosmog soup all day, every day. What are the risks?

Very few human studies have focused specifically on cell phone towers and cancer risk, but the latest studies about cell phones and brain cancer are very disturbing.

In 2016, the National Toxicology Program released the results from the largest cell phone study ever performed showing an undeniable association between nonionizing radiation and cancer. Rats exposed to the frequency of radiation emitted by cell phones developed two kinds of tumors: gliomas in the brain and schwannomas in the heart. These results align with several observational studies finding links to the same types of tumors in humans – plus acoustic neuromas and meningiomas.




We said from day one a trade war was not a good idea.


China Calls For “People’s War” Against The US, Vows To “Fight For A New World”
May 15, 2019

While market mood has shifted diametrically from yesterday, with stocks sharply higher on Tuesday following what has widely been interpreted as conciliatory comments from both president Trump and various members of China’s ruling elite, one would be hard pressed to find any de-escalation amid the Chinese press commentaries written in the aftermath of the latest escalation in trade war between the US and China.

In a series of editorials and op-ed articles published Monday and Tuesday, Chinese state media slammed what it labeled the Trump administration’s “greed and arrogance”, called for a “people’s war” targeting the US “with precision” as China begins a “fight for a new world.”

“The most important thing is that in the China-US trade war, the US side fights for greed and arrogance … and morale will break at any point. The Chinese side is fighting back to protect its legitimate interests,” the nationalist, state-owned Global Times tabloid wrote.

Urging indirect boycott of US goods and services, the editorial slammed Trump and suggested a nation-wide uprising against the US aggression: “The trade war in the US is the creation of one person and one administration, but it affects that country’s entire population. In China, the entire country and all its people are being threatened. For us, this is a real ‘people’s war.'” Whether this means a renewed collapse in Chinese iPhone sales remains to be seen – for confirmation, watch for a new guidance cut from Apple in the coming days.




Denny brought this up on Saturday and we have said all along Americans are not being told the truth by MSM about the need to hold Gold.


The Vast Gold Hoards Held By Germany’s Population
April 28, 2019

Submitted by Ronan Manly,

While the Chinese and Indian populations are well known for their insatiable appetite for importing, buying and hoarding physical gold, there is one market in the West that does likewise but which flies under the radar slightly, garnering less attention than China and India. That gold market is Germany.

Although German citizens are known for their fondness for holding gold, the vast size of the German population’s gold holdings was clarified recently in a newly published survey commissioned by Reisebank, a bank active in the German precious metals market.

The survey, conducted by the Research Center for Financial Services (CFIN) on behalf of Reisebank, found that German adults currently own a staggering 8918 tonnes of gold, worth about € 330 billion at current Euro gold prices. Note, this figure is gold held by private citizens in Germany and does not include the gold reserves of the German central bank, the Bundesbank, which amount to an additional 3370 tonnes.

Germans hold 4925 tonnes of gold bars and gold coins

Of the 8918 tonnes of gold held by the German population, CFIN data says that 4925 tonnes (or 55% of the total) is held in the form of physical gold bars and gold coins, with 3993 tonnes held in the form of gold jewellery.



Gold, Gold, Gold!


Central Banks Are Buying Gold At The Fastest Pace In Six Years
May 15, 2019

Authored by Simon Black via,

Earlier this month the World Gold Council published its quarterly report– and it shows that central banks and foreign governments from around the world are buying up gold at their fastest pace in six years.

This is pretty big news, and it says a LOT about the future of the dollar.

Remember, central banks and foreign governments hold literally TRILLIONS of dollars of reserves… and traditionally they do this by buying US government debt.

It sounds strange, but to big institutions, banks, etc., US government debt is equivalent to cash. They use it as a form of money.

More importantly, they hold US dollars because that’s the global standard: the US dollar has been the world’s primary international reserve currency for seventy five years.

So US debt is extremely liquid. In fact, the $22 trillion US debt market is the biggest and most liquid market in the world.

But foreign governments have started breaking with the tradition of buying treasuries.

As the World Gold Council’s report showed us, foreign governments and central banks have been buying a LOT more gold than in previous years.

Net gold purchases in Q1/2019 among foreign governments and central banks was nearly 70% greater than Q1/2018… and the highest rate of first quarter purchases in six years.

The Chinese in particular, have been stockpiling gold faster than ever, while at the same time, Chinese ownership of US treasuries as a percentage of total holdings has been gradually declining over the past years.


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This is what the public needs to know. I can only hope they watch and learn.


Video: 5G Apocalypse, The Imminent Dangers
May 10, 2019

What is 5G? We need to know the dangers of this technology.

A full length documentary by Sacha Stone exposing the 5G existential threat to humanity in a way we never imagined possible!

Scientists, environmental groups, medical doctors and citizens around the world are appealing to all governments to halt telecommunications companies’ deployment of 5G (fifth generation) wireless networks, which they call “an experiment on humanity and the environment that is defined as a crime under international law.”

Watch the video below.




On the weekly talks we have warned a false flag operation could lead to war.


US Accuses Iran Of Attack On Saudi Tankers
May 14, 2019

Update: Just as everyone with half a frontal lobe had expected, the WSJ reported late on Monday that according to an initial U.S. assessment, “Iran was likely behind the attack” on the two Saudi Arabian oil tankers and two other vessels damaged over the weekend near the Strait of Hormuz, a U.S. official said, a finding that, whether confirmed or not, will certainly inflame military tensions in the Gulf and likely result in a global proxy war that drags in the US, China and Russia. Oh, and that would be the Persian Gulf for those wondering, not the Gulf of Tonkin, which is where another famous False Flag naval incident occurred.

Furthermore, as we predicted would happen on Sunday, this “official assessment”, was the first suggestion by any nation that Iran was responsible for the attack and follows a series of U.S. warnings against “aggression” by Iran or its allies and proxies against military or commercial vessels in the region.  Some more details from the WSJ:

The U.S. official, who declined to be identified, didn’t offer details about what led to the assessment or its implications for a possible U.S. response. The U.S. has said in the past week that it was sending an aircraft carrier, an amphibious assault ship, a bomber task force and an antimissile system to the region after it alleged intelligence showed Iran posed a threat to its troops.

“If they do anything, they will suffer greatly. We’ll see what happens with Iran,” President Trump said while meeting with Hungary’s Prime Minister Viktor Orban at the White House earlier on Monday.


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The author may be anonymous but the numbers are correct.  …COMEX is used to price gold and silver by the brute force of paper.  This game will change overnight when it does!



Tens of millions of virtual gold ounces, or hundreds of virtual gold tons are traded per day on the Comex, with a purported physical delivery component to them

Yet, not one single ounce has moved inside the 9 separate dealer vaults in about a week. These vaults purportedly hold 7.7 Million ounces of gold, but not one single ounce has moved in about a week (makes sense right).

Today, about 600 tons of purported virtual gold futures were traded, yet the dealers have barely 6 tons in the dealer vaults.

The COT report indicates that the Commercials (“Dealers”) currently have a net short position of 312 virtual gold tons and a gross short position of 1,018 virtual gold tons.

2 of the 9 dealer vaults have not one ounce of dealer gold!

6 of the 9 dealer vaults have not one ton of dealer gold!

Yet, the Comex is the world’s foremost price discovery mechanism for the physical gold price.




But I thought unemployment was the lowest it’s been since 1969???



Subject: 102.047 million working age Americans did not have a job in April up 259K from March or 49% of potential working age Americans | FRED

96.223 million working age Americans Not in labor force for April

+ 5.824 million working age Americans unemployed for April (when you no longer receive unemployment compensation you are moved to the not in labor force category even though you still don’t have a job and are no longer counted as being unemployed.)

102.047 million working age Americans for April without a job up 259,000 from March.

/ 206.354 million potential working age Americans for April

49% of working age Americans for April without a job.

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Yes Wolfgang, as we have said for several years, it really is all about debt…TOO MUCH of it!



Let this sink in!

“Never before in human history have we seen so much debt.  Government debt, corporate debt, shadow-banking debt, and consumer debt are all at record levels. Not just in the U.S., but all over the world.

If you are thinking this is a “Goldilocks economy,” “there is no recession in sight,” “Central Banks have this under control,” and that “I am just being bearish,” you would be right.

But that is also what everyone thought in 2007.”

Being prepared, for what’s to inevitably come, is half the battle.

CIGA Wolfgang Rech

What Could Go Wrong? The Fed’s Warns On Corporate Debt
May 5, 2019

Authored by Lance Roberts via,

“So, if the housing market isn’t going to affect the economy, and low interest rates are now a permanent fixture in our society, and there is NO risk in doing anything because we can financially engineer our way out it – then why are all these companies building up departments betting on what could be the biggest crash the world has ever seen?

What is more evident is what isn’t being said. Banks aren’t saying “we are gearing up just in case something bad happens.” Quite the contrary – they are gearing up for WHEN it happens.

When the turn does come, it will be unlike anything we have ever seen before. The scale of it could be considerable because of the size of some of these leveraged deals.” – Lance Roberts, June 2007

It is often said that no one saw the crash coming. Many did, but since it was “bearish” to discuss such things, the warnings were readily dismissed.

Of course, what came next was the worst financial crisis since the “Great Depression.”

But that was a decade ago, the pain is a relic of history, and the surging asset prices due to monetary policies has once again lured both Wall Street and Main Street into the warm bath of complacency.

It should not be surprising warnings are once again falling on “deaf ears.”



Not off base Wolfgang, right on point!



Still more Moral Hazard?

First of all, isn’t that what QE is?  Buying bonds to inject cash?

Only, instead of arbitrarily buying bonds, you’re targeting specific issues.

Secondly, now bond investors don’t have to worry about losing money.  The FED would have their back.

Moral Hazard.  Throw caution into wind.  Damn analysis.  Just buy, buy, buy.

You’re creating a demand for paper which the rest of the world is shying away from.

Thirdly, what happens when interest rise?  Imagine the losses the Fed would take.

Am I off base?

CIGA Wolfgang Rech

Fed Launches “Rate-Peg-Instead-Of-QE” Trial Balloon For Next Crisis
May 10, 2019

Authored by Wolf Richter via,

Wall Street hype artists and assorted QE mongers would be deeply disappointed.

This came packaged into the middle of a speech by Federal Reserve Board Governor Lael Brainard, on “How Does Monetary Policy Affect Your Community?” It was under the subheading, “Some Issues to Explore.” And it would be a huge shift in how the next crisis will be handled.

During the next crisis when short-term interest rates are already at zero – for the Fed, that is still the lower bound – the Fed might not do the type of QE it did during and after the Financial Crisis when it set a target to buy a fixed amount of securities every month.

Instead, during the next crisis, when 0% short-term interest rates are no longer enough to stimulate the economy, the Fed might announce a target for slightly longer-dated interest rates, such as one-year rates, Brainard said. And it would buy just enough securities with those maturities, to bring the one-year yield down to the target range. And if more stimulus is needed, it might target two-year rates, she said:

Under this policy, the Federal Reserve would stand ready to use its balance sheet to hit the targeted interest rate, but unlike the asset purchases that were undertaken in the recent recession, there would be no specific commitments with regard to purchases of Treasury securities.


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Who needs supply when you have paper?

Courtesy of JB.


MORE TROUBLE IN MEXICO: Second Largest Silver Mine Suspended Operations
May 1, 2019

In just a little more than a week after the mighty Newmont-Goldcorp merger was finalized, the company suspended operations of its largest gold-silver mine in Mexico.  The Penasquito Mine, which produced more than a 500,000 ounces of gold and 25 million ounces of silver in a single year, has been dealing with a blockade of its operations since March 27th.

The blockade was started due to issues with the local community in regards to water supply concerns and problems with a trucking contractor.  However, the protests by the local community over water rights have been going on ever since the Penasquito Mine started operations in 2010.

According to the article, Goldcorp using excessive water at Peñasquito mine – critics, research by McGill Research Group, reported that the Penasquito Mine was using three times the amount of water than it originally agreed upon.  Furthermore, the large open-pit gold-silver mine, located in the state of Zacatecas, was also consuming three times the amount of water supplied to the entire City of Zacatecas (population 129,000).


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PT Barnum would be proud.

There’s a sucker born every minute.

First we got tap water bottled for the public and sold at 1000x the price.

Nice scam. And the public deserves every bit of this deception.

Ever have a glass of water sit on a night table overnight and take a drink?

It’s flat and tasteless.

That’s because fresh tap water is aerated for flavor.

Bottled water is no different. Tasteless and flat.


Now we’ve got fake meat.

At a hefty price increase!

It will most likely take the yuppie market by storm.

But not us old timers.

What next?

Meat made from recycled waste products, treated with chemicals and additives for nutrients, texture, and flavor?

What in the world is life coming to?

Want to be healthier? Don’t gorge! Simple.

Or simply eat some veggies with your meat.

Hey…..wanna buy some bronze?

Looks just like gold.

CIGA Wolfgang Rech

Why General Mills, Cargill And Puris Are Cheering Beyond Meat’s Big IPO
May 3, 2019

Beyond Meat, the California meat-substitute maker, soared on its first day on the public markets after a bigger-than-expected initial public offering. And it brought a couple of Minnesota companies along for the ride.

The company’s debut — shares were priced at $25 and closed Thursday at $65.75 — was one of the best IPO performances in years. The New York Times has more details on the IPO itself and where L.A.-based Beyond Meat goes from here.

The Star Tribune, meanwhile, reports on the local impact of the IPO: Golden Valley-based General Mills (NYSE: GIS) was an investor in the startup, which uses pea protein and other vegetable products to make meatless burgers and sausages. And much of the the pea protein used in its recipes comes from Minneapolis-based Puris, which in turn is backed by Minnetonka-based Cargill Inc.

General Mills has been working with Beyond Meat for six years — the startup was one the first outside company backed through 301 Inc., General Mills’ in-house venture capital arm. It’s not clear how big 301’s stake was in Beyond Meat — neither 301 nor General Mills is listed as one of the company’s biggest investors in SEC filings. John Haugen, managing director of 301 Inc., said the company sold its stake as part of the offering.


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CIGA Tom with one of Yra Harris’s gems!


Notes From Underground: Did Xi Just Provide a Clue to China’s Yellow Brick Road?
April 28, 2019

In the past week, we have heard from the Bank of Canada and Bank of Japan. There were no surprises as both institutions noted softness in the global economy. The BOC, as reported by Bloomberg, “fully abandoned its bias toward raising interest rates at the economy grapples with a slowdown.” The BOC overnight rate remains at 1.75 percent, which is deemed appropriate by the Governing Council until the global economy removes some of the uncertainties it is struggling to overcome.

The BOJ statement continued to maintain that it is paramount for Japan to raise its inflation numbers because a failure to do so means this current period of “extremely low levels of short-and long -term interest rates” will continue “for an extended period of time, at least through around spring 2020.” This is aggressive forward guidance, and as the BOJ maintains, is representative of POWERFUL MONETARY EASING.

In an effort to justify its aggressive policy the BOJ said, “The Bank, decided to make clearer its stance to persistently continue with powerful monetary easing while examining uncertainties regarding economic activity and prices including the effects of the scheduled consumption tax hike and developments in overseas economies.”