Posts Categorized: Jim’s Mailbox

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From our good friend Robert, I respect him and his opinion immensely!

Bill

Italy today launched new debt in US dollars instead of Euro hoping to attract dollar investors as the Euro market continues to show signs of stress. They issued USD2.5bn 5yr, USD2bn 10yr, USD2.5bn 30yr

We are in the end game now as the the EU and the Euro to have Euro members begin issuing debt in US dollars. This is going to create further tensions between the Fed and ECB moving forward. The REPO market is still in crisis and the fears are evident in Europe behind the curtain continue. This all puts the FED and the ECB on a collision course.

It why I have for months been saying the only currency for trade Finance or mezzanine debt or equity is in USD as it is the only practical debt settlement. Even Bitcoin settlement in USD is preferred over Euro and this was not the case 6 months ago. This begs the question of why people are going there as there is a scarcity of dollars.

Today’s  event is not a canary in a coal mine but a eruption of a volcano, particularly as more countries start to turn to USD financing.

 

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Some mice only learn after the fact…others? Well, they observe.

JB

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Jim/Bill,

Somebody just got tricked…

JB

Court Forces Release of Clinton WikiLeaks Discussion Email that Confirms State Department Knew about Her Email Account — Judicial Watch
September 30, 2019

(Washington, DC) – Judicial Watch announced today that the State Department provided a previously hidden email which shows that top State Department officials used and were aware of Hillary Clinton’s email account.

On December 24, 2010, Daniel Baer, an Obama State Department deputy assistant secretary of state, writes to Michael Posner, a then-assistant secretary of state about Clinton’s private email address:

    Baer: “Be careful, you just gave the secretary’s personal email address to a bunch of folks …”

    Posner answers: “Should I say don’t forward? Did not notice”

    Baer responds: “Yeah-I just know that she guards it pretty closely”

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Jim /Bill,

This is a good read!

Dave

“There Is No Climate Emergency”: Scientists Call For Reasoned Debate
October 2, 2019

Authored by Richard Trzupek via The Epoch Times,

The message was clear: “There is no climate emergency.”

With those five simple words, a global network of scientists and professionals attempted to inject reasonableness and decorum into what should be a robust discussion about a complex scientific and public policy issue, but has instead degenerated into an ever more intense mud-slinging contest over the years.

People on one side of the argument dismiss their opponents as wild-eyed socialists attempting to leverage public fear and ignorance to further their political agenda. On the opposite side, people dismiss those who disagree with their supposedly settled scientific conclusions as nothing more than knowing shills or ignorant dupes of evil energy interests.

In between those extremes that are so popular with armies of public relations professionals, who shape the messages of public interest groups and professional politicians to maximum effect, are a not-so-quiet silent majority of scientists and professionals who take a more measured, reasoned view of the science when considering the supposed climate emergency some say we’re facing.

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Bill,

I know your email inbox, lately, has been overwhelmed with panic. I thought this article was timely and good.

Dave
October 1, 2019

You didn’t actually think that a couple of indictments were going to change things, did you? By now you must understand that The Banks will continue to manage and rig prices until the time comes that it is no longer profitable for them to do so.

In case you need a summary of recent events, please take time to review these three links:

What was once dismissed as “conspiracy theory” is instead becoming widely understood as “historical fact.” Yes, the market-making Bullion Banks seek to manage price for their benefit, and yes, gold price management dates back to the 1950s. However—and despite the recent indictments—these illegal schemes continue to this day.

Case in point? Last week.

https://www.sprottmoney.com/Blog/bank-gold-price-manipulation-continues-craig-hemke-01-102019.html

 

Bill,

Brandon does a good job on this.

Dave

Brandon Smith: Trump Cannot Be Anti-Globalist While Working With Global Elites
October 2, 2019

Authored by Brandon Smith via Alt-Market.com,

In the summer of 2016 during the election campaign I examined the Trump phenomenon and how it relates to the globalist narrative. I concluded that Trump would be president based on the fact that having a (supposedly) hardcore nationalist and populist conservative in the White House over the next four years would in fact be highly beneficial to the elites. At the time the Federal Reserve was getting ready to tighten liquidity, which would inevitably lead to market volatility and a crash in fundamentals. By the end of Trump’s first term, or perhaps at the beginning of his second term, the recessionary crisis would become obvious to the general public. Trump, and all conservatives, would be blamed for the resulting disaster that the banking elites engineered.

During the election it was unclear to me if Donald Trump was a puppet of the elites. He could have simply been a convenient scapegoat for the coming crash. Today, it is obvious that he is indeed controlled opposition.

As I’ve noted in numerous articles, Trump’s associations with the globalists go way back. He was saved by the Rothschild banking family from crippling debts in multiple property developments in Atlantic City during the 1990’s. The Rothschild agent that handled Trump’s bailout was none other than Wilbur Ross, the senior managing director of Rothschild New York. Ross is now Trump’s Commerce Secretary, which indicates that his relationship to the Rothschilds continues to this day.

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Jim/Bill,

We said a long time ago that the petro-dollar was dead and China was going to kill it without firing a shot.

Dave

Iran Is China’s Secret Weapon for Killing off the US Dollar’s Global Reserve Status
October 3, 2019

There is a strong current of change affecting the international political arena. It is the beginning of a revolution brought on by the transition from a unipolar to multipolar world order. In practice, we are faced with the combination of several factors, including the application of US tariffs on Chinese exports, Washington’s sanctions on Iran, US energy self-sufficiency, the vulnerability of Saudi industrial facilities, and Iranian capabilities for resisting US attacks, as well as its exportation of large quantities of gas and oil to China. Everything converges on one factor, namely, the looming decline of the US dollar as the global reserve currency

We have recently been witnessing events of considerable importance in the Middle East, almost on a daily basis. The tensions between Washington and Tehran are fueled above all by the Trump administration’s need to placate most of the US deep state, wedded to neoconservativism, who march in lockstep with Trump’s financiers from Wahhabi Saudi Arabia and Israel.

The aggressive policy towards Tehran, consisting of provocations and false-flags, has recently resulted in the type of public-relations disaster for the US military-industrial that I have anticipated for years would happen.

The attack by Yemen’s Houthis struck two major oil installations in the Kingdom of Saudi Arabia, exposing the shortcomings of the very expensive American Patriot air-defense systems.

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JB responds to the Brandon Smith article. I personally do not believe Mr. Trump is a cabal puppet. I may end up being sorely disappointed but as it stands now I don’t think so…
Bill

Bill,

This is just me venting. I love Dave’s views, it is truly a necessary voice, but then again, I still have doubts about his “everything is the same as before viewpoint’ and that this kabuki theater show does not have a rogue actor in it…comparing past and present has many facets, how about looking at that which is not comparable?

Let’s ignore all the things this president, who is “obviously” part of the cabal (as this writer suggests), but ignore the things that stand out as a “WFT?” if he is truly part of the banking sector cabal? Q (a branch of communication to bypass the cabal owned one-sided rigged media) has revealed more evidence of pedophilia, and the linked crimes of not only the Clintons and their Foundation, or Uranium One, or Fusion GPS, but let us also ignore the facts that MI 5 & 6 are now part of an investigation into crimes of trying to steal an election (are they cooperating?). Let us forget the facts that under the past administration an airplane that, might have been caught in a case of mistaken identity, was shot down at the same time the president of another country was rumored to be in Ukrainian airspace, with the bullet holed riddled fuselage of the crashed passenger plane videoed at the smoldering and smoking crash site.

Then let us forget the Judicial Watch Groups accusations finally gaining traction because this cabal picked president is allowing FOIA releases compared to how many denied? Or the past presidents absolute need for secrecy restricting this FOIA flow? Let us also forget the Veritas Video’s revealing who is controlling the crazies, who tried to use any action possible, who is controlling unions with almost all union fees going directly to one party (and GM’s Union strike going on right now). Let us also forget that the 9/11 investigation has been officially re-opened.

Let us also forget everything else we know is happening right now, like JPMorgan’s 3 guilty pleas, and the idea, that this is the first time the Morgue has ever been called a Criminal Element by the DOJ, when they have successfully kept that from happening since 1913 with the help of the cabal. Only then I can believe this article is correct in every way .. as long as I refuse to look at what’s different from this cabal elected president compared to the past cabal elected … Oh yeah, I love how this cabal elected president was allowed to out another royal pedophile directly related to the queen and Epstein Island which was a major part of the Clinton’s past travel plans. That must have been planned too, to make sure people believe this elected president is a card-carrying cabal member.

I am not as convinced as Dave is that Trump is on the side of the banker squad. If he is a cabal member, he simply may not be a good one … Just like he’s very bad at being a racist …. Besides, if one is a billionaire (I obviously am not), you may have no choice but to deal with criminals in $40k suits or pantsuits and/or royalty in banking …. Or the other idea, most cabal members are heavily involved in the stock market, yet this actor is?

I feel better now…Hope your day is good.

JB

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Jim,

As I said on Saturday, America is being distracted from events “the powers that be” do want them to see.

Dave

The Real Reason Behind Democrats Impeachment Of Trump
September 29, 2019

The general debate of the General Assembly opened on Tuesday, 24 September at 9:00 a.m. (New York time). This year’s theme was “Galvanizing multilateral efforts for poverty eradication, quality education, climate action and inclusion”.

The internal properties of the C.I.A. newly revised “Disclosure of Urgent Concern” form, which the intelligence community inspector general (ICIG) requires to be submitted under the Intelligence Community Whistleblower Protection Act (ICWPA), show that the document was uploaded on September 24, 2019, at 4:25 p.m.

Thus, at some point on September 24th the C.I.A. decided to move forward with the Operation Impeachment, and uploaded an amended “Disclosure of urgent Concern” form to cover their asses with a fig leaf. They did this in response to something that was said during the day of September 24th at the UNGA and to what was about to be said the following sessions. The C.I.A. decided that Nancy Pelosi’s full statement on launching Trump impeachment inquiry will be sufficient enough scandal to detract the Media and the public from statements being made by the leaders and representatives of many nations. Pelosi announced a formal impeachment inquiry on September 24th at noon. So, the C.I.A. posting a revised “Disclosure of Urgent Concern” form four hours later was an afterthought. See the complete story here.

It shows that they had Trump phone conversation with the Kievan mamzer set aside to use when there is a need to create a side-show, but they weren’t completely ready for the UN General Assembly because they didn’t know about the diplomatic demarche and learned about it at the last moment.

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Courtesy of Dave.

Bill

Global Warming And The Ozone Layer: What’s More Dangerous, CO2 Or Nuclear War?
September 29, 2019

. . .

Global Warming. The Concepts

While climate activists express their concern regarding the nefarious impacts of global capitalism on climate, including those pertaining to militarization (and defense spending), the scientific analysis of climate under the auspices of the IPCC  largely focusses on a single variable: Carbon Dioxide (CO2), i.e. the impact of increased emissions of CO2 derived from fossil fuels (including fracking) on average global temperature.

Depletion of the ozone layer is what triggers global warming. The ozone layer is in the Earth’s stratosphere. “Ozone is constantly being produced and destroyed naturally. This ozone layer filters out ultra-violet (UV) rays from the Sun and protects life on Earth.”

Greenhouse gas emissions affecting the ozone layer largely consist of water vapor (50%), carbon dioxide (CO2) (20%) and clouds (25%).  The remaining greenhouse gases (5%) is made up of small aerosol particles, methane (CH4) and nitrous oxides (N2O) (both a greenhouse gas as well as an “ozone destroyer” with devastating impacts on climate). (approximate figures provided by NASA for 2011).

Decrease of the ozone layer “will increase the amount of Ultra Violet radiation reaching the Earth’s surface, and worsen the impacts due to UV exposure.”

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Jim/Bill,

A 4-minute truth bomb.  You know the truth when you hear it.

CIGA Chuck

 

Jim/Bill,

WOW!

CIGA Wolfgang Rech

Imagine what the interest expense would look like if interest rates were normalized…?

Bill

1,015,736,491,184 reasons to have a Plan B
October 1, 2019

Precisely one year ago today, the US federal government opened Fiscal Year 2019 with a total debt level of $21.6 trillion:

Specifically, the US federal debt on October 1st last year was $21,606,948,183,180.23

Today is the start of the government’s 2020 Fiscal Year. And the total debt is now $22,622,684,674,364.43

That means they accumulated more than $1 TRILLION in new debt over the course of the 2019 Fiscal Year.

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Jim/Bill,

Here’s some food for thought…..

The headline below is somewhat misleading.

As Dollar Reaches Record High

It’s not the Dollar that is soaring, but instead, other currencies that are crashing!

A bit simplistic but, much overlooked and very, VERY significant.

CIGA Wolfgang Rech

As Dollar Reaches Record High, Trump Slams “Clueless, Pathetic” Fed
October 1, 2019

On the heels of dismal manufacturing data, and soaring dollar strength vs global fiat currencies, President Trump has lashed out at who he feels is responsible…

“As I predicted, Jay Powell and the Federal Reserve have allowed the Dollar to get so strong, especially relative to ALL other currencies, that our manufacturers are being negatively affected. Fed Rate too high. They are their own worst enemies, they don’t have a clue. Pathetic!”

Indeed, with the broad dollar index at an all-time record high…

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Jim/Bill,

As we said what could go wrong?

Dave

CREsh Begins: London Property Market Hit As WeWork Deal Falls Through
September 27, 2019

In an ominous sign for the commercial real-estate market, a large Singaporean investment firm has walked away from an £850 million ($1.04 billion) deal to buy Southbank Place, an office building near London’s Waterloo Station that boasts one of the largest WeWork spaces in the world, the FT reports.

The deal collapsed shortly after WeWork called off its IPO, and is now scrambling to sell off businesses and assets like its corporate jet to raise capital. Since the offering was abandoned, not only is the company missing out on $3 billion that it was set to raise in the public markets, but it’s also losing out on a $6 billion loan that was contingent on the IPO.

Notably, this isn’t the only deal for a WeWork-occupied London office building that has fallen through recently.

Sources close to the deal blamed local factors like Brexit-related uncertainty and the expense of pulling out of a refinancing deal between the seller and an asset management firm that refinanced the development earlier this year. Supposedly, the seller, a firm with ties to Italy’s Agnelli family, backed out of the deal, despite having put the building on the market.

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Jim,

I brought this up on Saturday.

Dave

https://en.wikipedia.org/wiki/Weather_modification_in_North_America

http://www.nawmc.org/

Questions & Answers
For what purposes is weather modification practiced?

Weather modification, commonly referred to as cloud seeding, is currently used to increase precipitation from clouds, reduce hail from thunderstorms, and eliminate fogs that reduce visibility, usually at busy airports.

How does cloud seeding work?

Cloud seeding improves a cloud’s ability to produce precipitation by adding tiny particles called ice nuclei (which water needs to freeze) to a cloud. These nuclei help the cloud produce precipitation by acting on supercooled liquid water (SLW), the raw material from which precipitation is formed. These artificial ice nuclei promote freezing of SLW at warmer temperatures than it would naturally, accelerating the precipitation process and making more efficient use of the water in the cloud.

 

Jim,

This was discussed on Saturday. Does anyone see a pattern?

Dave

Greta Thunberg and Big-Biz’ Climate Charade
September 27, 2019

. . .

Greta Thunberg’s story isn’t one of inspiration and activism – it is one of child exploitation, one of manipulating public perception, and one of re-entrenched special interests desperately seeking an audience – any audience – still gullible enough to believe in and help reconstruct the facades used to cover up their otherwise transparent and self-serving agenda.

The environment needs to be saved, but not by big-business’ “Fridays for Future” charade.

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The Nayirah testimony was a false testimony given before the Congressional Human Rights Caucus on October 10, 1990 by a 15-year-old girl who provided only her first name, Nayirah. The testimony was widely publicized, and was cited numerous times by United States senators and President George H. W. Bush in their rationale to back Kuwait in the Gulf War. In 1992, it was revealed that Nayirah’s last name was al-Ṣabaḥ (Arabic: نيرة الصباح‎) and that she was the daughter of Saud Al-Sabah, the Kuwaiti ambassador to the United States. Furthermore, it was revealed that her testimony was organized as part of the Citizens for a Free Kuwait public relations campaign, which was run by the American public relations firm Hill & Knowlton for the Kuwaiti government. Following this, al-Sabah’s testimony has come to be regarded as a classic example of modern atrocity propaganda.[1][2]

https://en.wikipedia.org/wiki/Nayirah_testimony

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Jim/Bill,

I have made this point on many of our Saturday talks about US companies. Lockheed sold out American workers, no one stole the jobs.

Dave

“Make India Great Again:” Lockheed Martin Offshores F-16 Production From US To India
September 26, 2019

A breaking report from Reuters indicates that Lockheed Martin is offshoring part of its F-16 combat jet production from the US to India. This completely goes against President Trump’s ‘America First’ policy.

It’s unclear how much of the F-16 production plant in Greenville, South Carolina, will be transferred to India, nevertheless, how many jobs will be lost, in Lockheed Martin’s apparent betrayal of “Making America Great Again.”

 

 

 

 

 

 

 

 

 

 

 

 

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Jim/Bill,

We covered this on this-week’s talk.

Dave

JPMorgan Chase Has Billions In CRE Loans Riding On WeWork Surviving
September 23, 2019

WeWork’s business model isn’t workable. Everybody understands that except the Wall Street bank that has the most to lose if WeWork’s initial public offering (IPO) of its stock doesn’t move forward. That bank is JPMorgan Chase, one of the two main underwriters of the IPO, along with Goldman Sachs.

WeWork’s business model is to take long-term leases in commercial office buildings and then sub-lease that space under short leases to small businesses, start-ups and freelancers – none of which are particularly known for their ability to pay rent in a downturn. WeWork is currently on the hook for more than $47 billion in long term leases while it has yet to figure out how to make a dime of profits.

JPMorgan Chase is so interconnected with WeWork that to a number of minds WeWork looks like little more than a strawman for the bank and the bank’s biggest commercial real estate clients in New York City where WeWork is taking vacant space off the market at seismic speed. WeWork is now the largest office tenant in New York City.

The interconnections between WeWork and JPMorgan Chase include the following: JPMorgan Chase Bank, N.A., a federally insured bank, “has made loans and extended credit to Adam Neumann totaling $97.5 million across a variety of lending products, including mortgages secured by personal property and unsecured credit lines and letters of credit,” according to the prospectus filed with the SEC for the recently aborted IPO.

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Jim/Bill,

On this weeks talk, we spoke about the many ways a reset might unfold.

Dave

Martial Law Masquerading As Law And Order: The Police State’s Language Of Force
September 19, 2019

Authored by John Whitehead via The Rutherford Institute,

“Since when have we Americans been expected to bow submissively to authority and speak with awe and reverence to those who represent us? The constitutional theory is that we the people are the sovereigns, the state and federal officials only our agents. We who have the final word can speak softly or angrily. We can seek to challenge and annoy, as we need not stay docile and quiet.”

– Justice William O. Douglas, dissenting, Colten v. Kentucky, 407 U.S. 104 (1972)

Forget everything you’ve ever been taught about free speech in America.

It’s all a lie.

There can be no free speech for the citizenry when the government speaks in a language of force.

What is this language of force?

Militarized police. Riot squads. Camouflage gear. Black uniforms. Armored vehicles. Mass arrests. Pepper spray. Tear gas. Batons. Strip searches. Surveillance cameras. Kevlar vests. Drones. Lethal weapons. Less-than-lethal weapons unleashed with deadly force. Rubber bullets. Water cannons. Stun grenades. Arrests of journalists. Crowd control tactics. Intimidation tactics. Brutality.

This is not the language of freedom.

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Jim/Bill,

I brought this up on the Thursday’s talk.

Dave

Colt Announces End Of AR-15 Production For Civilian Market
September 19, 2019

The Associated Press reports that famous American gun maker Colt is suspending production of the popular AR-15 and possibly other assault style rifles for the civilian market.

The monumental announcement Thursday could likely ripple across the industry after a summer of multiple tragic mass killings, as well as almost yearly school shootings, many involving assault weapons such as the AR-15 along with high capacity magazines.

But amid a raging national debate in the wake of deadly shootings, the decision appears fundamentally market-driven, given a company statement cited lack of public demand and excess market capacity.

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Posted by & filed under Jim's Mailbox.

Bill,

Oh the ties that bind.

JB

JB,

No mistake, he worked (past tense) on both sides of the pond. I am actually shocked, we did a tin foil hat conference call this morning and not a single one of us has gotten a phone call nor even an e-mail of apology telling us we have been correct all these years. One has to wonder what the Dents, Armstrongs and Caseys of the world have to say about this? Maybe they will employ the tried and true mainstream media tactic of ignoring their error and just moving on? Guess my standing offer to debate any of them re manipulation of precious metals is a moot point now…

Bill

LBMA Board Member & JP Morgan Managing Director Charged with Rigging Precious Metals
September 17, 2019

Michael Nowak, JP Morgan Chase managing director and head of the bank’s global precious metals desk, who is also a Board member of the London Bullion Market Association (LBMA), has just been indicted and charged by the US Department of Justice (DoJ) with manipulating the prices of precious metals-futures contracts over an 8 year period.

Racketeering Conspiracy and other Federal Crimes

In the indictment unsealed 16 September 2019, the DoJ charged LBMA Board member and JP Morgan managing director Nowak, along with JP Morgan precious metals trader Gregg Smith and former JP Morgan precious metals trader Christopher Jordan for:

“alleged participation in a racketeering conspiracy and other federal crimes in connection with the manipulation of the markets for precious metals futures contracts, which spanned over eight years and involved thousands of unlawful trading sequences.”

Commenting on the case, Department of Justice Assistant Attorney General Brian A. Benczkowski stated that:

“The defendants and others allegedly engaged in a massive, multiyear scheme to manipulate the market for precious metals futures contracts and defraud market participants.”

“These charges should leave no doubt that the Department is committed to prosecuting those who undermine the investing public’s trust in the integrity of our commodities markets.”

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