Posts Categorized: Jim’s Mailbox

Posted by & filed under Jim's Mailbox.

Jim/Bill,

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

Dave

JFK: What The CIA Hides
November 22, 2019

Authored by Jefferson Morley via Counterpunch.org,

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

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

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

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Jim/Bill,

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

Dave

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

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

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

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Posted by & filed under Jim's Mailbox.

Jim/Bill,

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

Dave

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

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

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

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Jim/Bill,

A very good article written by Brandon Smith.

Dave

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

. . .

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

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

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

His own top aide, Hamilton Jordan, promised:

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

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Jim/Bill,

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

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

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

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

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

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

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

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

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

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

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

CIGA Wolfgang Rech

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

Bill

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

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

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

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Jim/Bill,

Jim has been saying this for a long time.

Dave

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

Authored by Mike Shedlock via MishTalk,

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

Operations 4.0 Underway

Deutsche Bank says Operations 4.0 is already underway.

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

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

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

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

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

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

Bill

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

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Jim/Bill,

We covered this on Saturday.

Dave

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

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

He writes…

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

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

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

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Jim/Bill,

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

Dave

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

. . .

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

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

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

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

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

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Posted by & filed under Jim's Mailbox.

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

Bill

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

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

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

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

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

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

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

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Jim/Bill,

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

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

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

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

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

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

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

CIGA Wolfgang Rech

Wolfgang,

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

Best,

Bill

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

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

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

More…

Posted by & filed under Jim's Mailbox.

Jim/Bill,

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

Dave

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

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

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

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Posted by & filed under Jim's Mailbox.

Jim/Bill,

China, on the other hand, is already Brazil’s largest trading partner, with commerce reaching $100 billion annually.

Dave

Brazil Deepens China Ties in About-Face
November 14, 2019

BRASÍLIA—As a fiery conservative candidate last year, President Jair Bolsonaro warned that China was a rapacious predator out to exploit Brazil and he pledged loyalty to a leader he called his American idol, Donald Trump.

Less than a year into his presidency and unable to revive a flat economy, an ebullient Mr. Bolsonaro hosted China’s President Xi Jinping in this capital for a two-day summit of the world’s leading emerging nations that ended Thursday.

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Jim/Bill,

Both parties have fed the military industrial complex. Think of the infrastructure this could have built in the USA!?

Dave

The Costs of Post 9/11 Wars: $6.4 Trillion
November 14, 2019

Since late 2001, the United States has appropriated and is obligated to spend an estimated $6.4 Trillion through Fiscal Year 2020 in budgetary costs related to and caused by the post-9/11 wars—an estimated $5.4 Trillion in appropriations in current dollars and an additional minimum of $1 Trillion for US obligations to care for the veterans of these wars through the next several decades.[2]

The mission of the post-9/11 wars, as originally defined, was to defend the United States against future terrorist threats from al Qaeda and affiliated organizations. Since 2001, the wars have expanded from the fighting in Afghanistan, to wars and smaller operations elsewhere, in more than 80 countries — becoming a truly “global war on terror.” Further, the Department of Homeland Security was created in part to coordinate the defense of the homeland against terrorist attacks.

These wars, and the domestic counterterror mobilization, have entailed significant expenses, paid for by deficit spending. Thus, even if the United States withdraws completely from the major war zones by the end of FY2020 and halts its other Global War on Terror operations, in the Philippines and Africa for example, the total budgetary burden of the post- 9/11 wars will continue to rise as the US pays the on -going costs of veterans’ care and for interest on borrowing to pay for the wars. Moreover, the increases in the Pentagon base budget associated with the wars are likely to remain, inflating the military budget over the long run.

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Jim/Bill,

Where is Kudlow with its pompous nonsense?

CIGA GG

Recession Warning: Freight Volumes Negative YoY For 11th Straight Month
November 15, 2019

Authored by Mike Shedlock via MishTalk,

The Cass Freight Index once again warns again of economic contraction.

Donald Broughton, founder of Broughton Capital and author the Cass Freight Index says the index signals contraction, possibly by the end of the year.

That’s just one one month away.

Six Key Points

With the –5.9% decline in October, following the string of declines in May through September (ranging from -3.0% to -6.0%), we repeat our message from the previous five months: the shipments index has gone from “warning of a potential slowdown” to “signaling an economic contraction.”

We acknowledge that: all of these negative percentages were against tough comparisons (some extremely tough), and the Cass Shipments Index has gone negative before without being followed by a negative GDP. However, demand is weaker across almost all modes of transportation, both domestically and internationally.

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Posted by & filed under Jim's Mailbox.

There is something very big being covered up here.

JB

Understand? Transparency versus opacity They want you to believe nothing to see here. We have told you many times to “watch credit, THIS is credit on steroids!

Bill

The Fed Has Created The Big Lie For Congress On Its Repo Loans While The New York Fed Blocks Freedom Of Information Requests
November 14, 2019

Yesterday Federal Reserve Chairman Jerome Powell testified before the Joint Economic Committee of Congress. Only one Congressman, Kenny Marchant (R-TX), had the courage to ask Powell about the Fed’s intervention in the repo loan market beginning on September 17. Since that time the Fed has been pumping hundreds of billions of dollars each week (that the New York Fed creates electronically out of thin air) into its 24 primary dealers on Wall Street. These primary dealers are not commercial banks that might be inclined to use the funds to make loans to local businesses or to consumers to buy a house and help their local economies. No, 23 of the 24 primary dealers are stock brokerage firms and investment banks that engage in leveraged bets in the stock, bond, commodities, and derivatives markets. The 24th is a foreign bank. (See primary dealer list below.)

There is nothing in the legislation that created the Fed, the Federal Reserve Act, that allows it to be the lender-of-last-resort to the trading houses on Wall Street. The Fed’s Discount Window, which is legally allowed to make emergency or seasonal loans, is restricted by law to just deposit-taking banks – not Wall Street trading houses.

And yet, bailing out Wall Street is exactly what the Fed has been doing since September 17 of this year and what it did secretly to the tune of $29 trillion during the financial crisis from December 2007 to the middle of 2010. The Fed does have some leeway in an emergency situation but that has to be brief and defined. The Fed has announced that it’s planning to keep its current money spigot to Wall Street flowing into at least January of next year. But according to Powell’s testimony to Congress yesterday, there’s no pressing crisis on Wall Street. Powell stated that “The core of the financial sector appears resilient, with leverage low and funding risk limited relative to the levels of recent decades.”

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