Posts Categorized: Jim’s Mailbox

Posted by & filed under Jim's Mailbox.

Dave checks in with some important intel, from where we are not sure?

Bill

Readers need to see this, read it and spread the word before the USA goes to war over a lie!

Dave

The Novichok Story Is Indeed Another Iraqi WMD Scam
March 16, 2018

People Deserve To Know The Facts

Will You Help Us Combat The Rush To War?

It has been without doubt one of the most difficult months in our 17 year history for constant abuse and attacks on our daily email newsletter and website.

Many of you will have witnessed the huge, attack by trolls on our comment system and in an attempt to portray ICH as a racist, anti-Semite, Russian fake news provider.

Like all previous attacks we have overcome them. In fact our readership increased by more than 100,000 over the last month. although I have to admit we would have preferred to spend the extra time and extra costs, bringing news and information about the current drive for war and the huge human cost that will involve rather than dealing with the pro war trolls who are determined to keep the U.S. and World public oblivious to their propaganda and desire for world hegemony.

More…

Bravo Simon, sounds like you have the same bogus reporting problems in the UK as we see in the States! Don’t hold your breath waiting for those media rags to post your well written “rant”, truth be damned…

Bill

Morning Bill and Jim,

FYI and lest either of you (or Dave) can make use of any of it, herewith the copy of an email “rant” that I felt compelled to send to the editorial desks of two of the largest circulation newspapers over here in the UK – papers of which I will soon become an “ex-reader”.

All self-explanatory and brought on by the despair at having to hear and read a continual stream of falsehoods, in-accuracies and complete and utter “bullshit” about Putin, Russia and this recent Skripal poisoning in Salisbury from the UK print media and all of the national broadcasters as well.

My “rant” is pretty lengthy but covers a lot of ground. Hope you will find the time to read it.

All the best and looking forward to the “Saturday Discussion”.

Best and warmest,

Simon

Dear Sirs,

I’ve been a “Mail “and “Mail on Sunday “reader for over 40 x years and who has long since given up on watching or listening to anything that comes

via the mouthpieces of the BBC, ITV and Sky et al – such is the extreme level of bias, spin, in-accuracy and flagrant un-truth “s that they

spew forth and label as news, but which for anyone with eyes to see and half a dozen functioning brain cells can tell – is clearly pure and blatant propaganda.

Loathe as I am, I may very soon be binning the “Mail “and “M on S “as well, such is the venal drivel and false narrative that you are currently pushing where

Russia, Vladimir Putin, specifically – and this recent Skripal Poisoning is concerned. If it’s not perfectly clear to you already, I am not some tree hugging,

tin foil hat wearing, “Corbynsta Loving Trot “, NO – I “m a fairly right of centre Conservative, Brexit supporting individual who has never voted other than Tory, UKIP

Or for The Referendum Party in my whole life (61) – “BUT “- Who is interested in the truth via balanced, accurate and properly researched reporting, something

which your own two papers, the “mass media “in general + now that lame brained wet lettuce that “s our alleged Prime Minister and her blow hard cabal have all

clearly lost sight of. Whether this is just a case of absolute stupidity or a position (more likely) – that “s been taken to push a rather nefarious and fairly obvious agenda,

I don’t know for sure – but I rather think it must be the latter, given that you are all spouting the exact same nonsense at the exact same time as if it’s come

straight off the same tainted script – Courtesy of one or more of the “Name Brand – Western Intelligence Agencies “.

SOME POINT and FACTS YOU SHOULD CONSIDER and TAKE ON BOARD:

• Where is the notion of Jurisprudence in all of this whereby one should be considered innocent until proven guilty, and which Mr.s May, Boris, The Donald and every other

crap talking – talking head (including the truffle snuffling commissars of the EU) have conveniently forgotten and which allows them to finger Mr. Putin and the whole of

the people of Russia as the clear and only culprits in the Skripal poisoning. As they used to say in’the Sweeny “- “We’ve been fitted up Guv “- NO..??.

• Who Benefits?? : What is it in your tiny collective minds that makes you think that Mr. Putin (who is clearly nobody “s fool) would arrange to try and have Skripal and

his daughter killed only some 10 x days ahead of the Russian elections (though with an approval rating of 90% – why worry), and more especially barely 3 x months

ahead of “The World Cup “- He wouldn’t would he..??, and if he did – then most assuredly both Skripal and his daughter would now be guests of the local mortuary.

This is either a small time “False Flag “or the lead up to a vastly larger and far more deadly “False Flag “- all aimed at dis-crediting the Russians and demonising Putin per an image

of a latter day baby eating / blood sucking Dracula come Hitler type figure – something that he most assuredly isn’t. “Pure as the Driven “- possibly not, but nothing

remotely like the 2nd coming of Pol Pot, “Uncle Joe “or Chairman Mao – and far “Cleaner “than the, Clinton / Bush / Obama – Mafia crime gang.

Do you further think that any clear thinking Russian Assassin would be daft enough to use a Russian / Soviet Era developed Nerve Agent such as Novichok to draw maximum

attention…etc…,.etc. NO – they “d for use a far simpler / easier / cleaner methodology per chucking Skripal off the top of the local multi storey, run him over

with a big van – or easier still 9mm to the back of the head – Job Done and clear off home for the week end.

• Novichok: Furthermore, why does Mr.s May make the false assumption that because (allegedly – and she hasn’t sent any samples for Russian analysis) – as yet,

Skripal and daughter were poisoned by a Russian / Soviet nerve agent, that it therefore means conclusively that Putin and the Russians had to have done it – DOH…!!.

Remember that Kim Jong Un “s brother was recently murdered at an airport in Malaysia and this by use of a nerve agent. “SO “, what was the nerve agent that was

used out in Malaysia..???. It happened to be “VX “which was invented / developed by us only 7 x miles up the road from Salisbury at – Porton Down.

Given this and using Mr.s May “s false logic, it therefore stands to reason that as “VX “was developed here, that it actually had to be HM Government and

Theresa May specifically who must have been the brains behind that murder over in Malaysia…??? – You couldn’t make this up.

The simple fact of the matter is that Porton Down like any other national chemical / neurological research establishment, either already possesses Novichok

Or has the capacity and expertise with which to create it. Say again – Porton Down is only 7 x miles down the road from Salisbury – Think On.

Another thing to take on board is that Novichok was manufactured solely in what is now Uzbekistan and back in the 80 “s the dismantling, clean up and removal

and destruction of any stockpile of the Nerve Agent – Was supervised and over-seen by a U.S. company.

……….Food for Thought …??

• Why kill / try to kill Skripal now..??: The timing of this attempted killing has been partially detailed above – But think about this some more.

Skripal was convicted in a court of law as a double agent and given 13 x years before being pardoned and sent over here around 10 x years ago – Pretty lenient..??

“IF “Skripal had caused that much damage, then he “d have been shot back then and wouldn’t even seen the inside of any courtroom – would he..??.

The simple fact is that Putin / KGB / FSB, if they had been so severely wronged by Skripal, would have sent him on his way back in the day and not let

him shuffle around Salisbury for 10 x years, shopping at Tesco, eating at the local pizza parlour and having a swift half at the pub next door – before deciding

that his time was up and sending him on his way just ahead of the Russian elections and the World Cup. It’s far more likely and probable that he’s sat on the MI6

pension fund payroll for these years until a convenient time came along to make good and final use of him as a “Patsy “in a much bigger game – a small piece in a far larger jigsaw.

• Skripal (and Litvinenko): Skripal worked with Orbis Intelligence which is linked to Fusion GPS and Christopher Steele – the man who authored and put together

the completely false and now completely dis-credited “Trump Dossier “– The U.S “House intelligence Committee “after a 12 x month investigation has just come out to

say that there was absolutely no evidence what so ever to support any collusion between’the Russians “and Trump and absolutely no evidence that Putin nor

the Russian Government in anyway sought to interfere with the Trump election campaign – FACT. It could be that various other “Bad Actors “here had cause to

silence Skripal for possibly knowing more than he should – particularly as regards Hilliary Clinton and what “s known as the – “Uranium One “scandal that keeps popping up.

Never have heard a squeek about “Uranium 1. “in any of our mainstream broadcast or print media (Your papers included..??) – About time you did your homework – NO.

Remember also that Ex- military intelligence Colonels “Spooks “like Skripal and like his now dead compatriot Litvinenko (Putin also accused of his murder), were

working for (and double dealing on) various of the very, very shady UK resident Oligarch “s (notably the late and infamous Boris Berezovsky). These people are all

purported to be “Pals of Putin “where as in point of fact 90% + of them all ran over here to escape the wrath of Putin – who had been wanting to take many

more of them to court (Khordokovsky notably) and take back into state ownership the vast assets and resources that these people had stolen from – Mother Russia.

These people “Don’t Take Prisoners “and are also possible candidates in trying to bump off Skripal for their own reasons, albeit via simpler means than Novichok

THE DAILY MAIL and THE MAIL ON SUNDAY:

Sensational (Stupid) headlines such as “RUSSIA COULD CRIPPLE UK “with risible comment from “Intelligence Chief, Sir Chris Deverell “saying

that – “Kremlin Agents could shut down power supplies, high jack air traffic control and (wait for it…!!) – disable air conditioning only go to prove that

“Sir Chris “should have woken up and smelt the coffee, 10 – 20 x years ago or may be he should cut down on his intake of Single Malt.

The operational and technical superiority of the Russian Military is eons ahead of anything we, Nato or the much vaunted US fighting machine has to hand.

We “The West “are literally years and years behind the Russians (Go On – Research it for yourselves. It’s all FACT).

The Russians have various nuclear powered missile systems, two capable of Mach 10, One capable of Mach 20, able to be armed with conventional

Or nuclear warheads + nuclear powered with unlimited range and capable of such extreme levels of speed and maneuverability that there are no missile

defence systems that either we or the blowhard – chickenshit / chickenhawks that inhabit the Pentagon can field to stop them – FACT. The other thing to point

out here is that after having flown tens of thousands of miles in literally minutes and blasted past any other combatants defence systems like the

proverbial “Knife through Hot Butter “- they then hit their target with pin point accuracy of – Plus or Minus 3 x Metres. Not bad for a bunch of

former tractor mechanics who “The West “have stupidly and unforgivably treated with such ignorance and disdain since the break up of the former Soviet Union.

All UK / US and NATO missile defence systems have now been rendered obsolete and useless. All the Carrier Groups that the USA sends all over the world to bully every

Other nation under the sun who doesn’t kowtow to “Uncle Sam “s “demands are now not much more than expensive “Sitting Ducks “that Putin (If he wanted to)

could send to the bottom of Davey Jones locker – at will. Add to this the electronic jamming and disabling system that the Russians have got and which completely

disables all warship electronics systems – notably the latest American “Aegis “missile defence and control systems.

Take a look on line for – USS “Donald Cook “where you might see how back in 2014 one of the USA “s latest and most advanced warships, was whilst in

The Black Sea (close to Russia) was overflown by an SU- 24 “fighter of the Russian air force which carried no guns, cannons or bombs at all and had just

an “Electronic Warfare Pod “underneath and which when activated “Triggered an Incident “(in the words of the Pentagon) that so demoralised the crew

of the good- ship “USS Donald Cook “that they felt compelled to make a formal complaint to Moscow (Poor Dears..!!)

“SO “- What exactly was this “Incident “- It was that after having been over-flown by the SU-24, that the “USS Donald Cook “was now completely Dead in the

Water with all its radar and missile defence and activation systems having been completely disabled (FRYED), unable to steer and unable to activate any propulsion systems

and just sat there having swiftly become an immobile and defenceless floating Hulk that “The Evil Mr. Putin “could have sent to the bottom (if he “d wanted to) – and at will.

This example of US naval might then had to be towed by tug boat into a Romanian port out of harm “s way and where the crew doubtless received counselling.

Keep in mind that this level of military / technological superiority has been achieved by the Russians despite spending less than a tenth on their military,

than does the USA with a budget currently at some, $ 700 – $ 800 Billion Dollars (That “s Billion with a “B “) and which is over 10 x the combined defence budgets of

every other country added together…!!!. WHAT A WASTE TO SPEND ALL THAT MONEY and THEN END UP BEING PRETTY MUCH DEFENCELESS – SHAME..!!

This makes it pretty clear that the American Tax Payer is being fleeced / taken to the cleaners by their Government, their Defence (War) Department and the

“Military Industrial Complex “that greases the palm of every politician and military officer who can sanction another mega cash payment from their budgets.

Still I suppose the USA has got such wonderful toys as the Lockheed Martin F35 Joint Strike Aircraft (Commonly known as – “The Flying Brick “) which

At a cost of $ 1.5 Trillion and Counting) – has been dubbed the most expensive and error ridden project in US Military history. An aircraft which is so

aeronautically unstable that it can’t stay in the air without computer assistance, which is proven to be out-flown by aircraft designs from the 70 “s,

where over half have now been taken out of service as their computers continually fail and no up grades are available as yet and where any Pilot of over

150 pounds in weight stands a 95% + chance of having his neck broken if forced to activate and use the ejector seat – GREAT…!!

Each one of these “Lemons “has thus far cost something in the region of – $ 95 Million Dollars each.

The CEO of Lockheed-Martin (A Lady) earns over $ 25 Million Dollars a year – “Money for Jam “or rather – “Money for Flying Bricks “.

Think about it – this single shit laden example of an entirely useless U.S. defence programme has thus far cost over $ 1.5 Trillion Dollars which equates to around

The same amount that the Russians have spent – On their ENTIRE Defence and Military requirements – over the past 20 + Years or so…..!!!!.

It’s a case of “Spot the Mugs “(The US Tax Payer) who “d better wake up and jettison the “Establishment “who are fleecing them at every tiff and turn,

and before their economy (what a joke) sinks to an even lower than it stands at already with its massive and un-sustainable debt load that can never be repaid.

“IF “Putin wanted to take over the UK – (which he doesn’t – nor anywhere else and as he’s stated a number of times) – then you “d be a complete fool to think that he

couldn’t do this in much more than week or so. The Russians have had the ability to – “Cripple the UK “for years and years – it’s not something that has

just come about and unless something is very wrong, it’s not something that should have only appeared in “Sir Chris Deverell “s “In- Box in just the last couple of weeks.

“HOW CAN WE GO TO PUTIN “s WORLD CUP NOW “

“HIT PUTIN WHERE IT HURTS – IN HIS POCKET “

“POTENT WAY TO STRIKE BACK AT MOSCOW “…..etc…..etc….etc.

The above are some more of the hysterical, in-accurate, un-warranted and inflammatory headlines and headings from your papers.

These are an object lesson in wilful ignorance and a complete and utter denial of objective reality. For the sake of humanity you “d better wake up and start telling the truth

Do you ever think to ask:-

WHY – Would Putin and Russia ever want to invade the UK or Any Other Country for that matter and to what end..???

WHAT – Do we have that he hasn’t got already (and in spades) – ANSWER – NOTHING

LOOK AT SOME OF THE FACTS:

• Russia at 6,592.800 Sq Miles occupies – 1 x Eighth of the landmass of the entire Planet it covers 13 x time zones and is so

vast that you could fit the entirety of Europe within it 4 x over with room to spare and you could – fit the UK inside it 72 x over…!!

Do you therefore think that Mr. Putin is feeling claustrophobic to the extent that he wants to add the UK + Poland, The Baltic States and anywhere

else for that matter to his existing list of headaches and that he’s having anxiety attacks due to lack of space..?? – GET REAL

• Russia is self sufficient in Energy with huge amounts of Oil and LNG reserves with vast spare capacity to export – Are We..?? – NO and North Sea Oil is depleting rapidly

• Russia will be self sufficient in all food and agricultural products within 3 x Years – Are We – Clearly Not as we are reliant on imports and big time

• Russia has a flat rate of Income Tax at 13% – What do we Pay on average..?? – Certainly not 13% – Think On

• Europe and the UK (likely) would freeze were it not for winter supplies of Russian Gas, From – “The Evil Mr. Putin “- Good idea to insult him and make false accusations then

• Russia (as of Sept 2017) and in terms of External Debt is ranked 21st in the world owing, $ 540 Billion which is 40% of GDP and equates to $ 3,700 Per Head of Population

• The UK (as of Sept 2017) and in terms of External Debt is ranked 2nd in the world owing, $ 7.85 Trillion which is 283% of GDP and equates to $ 119,000 Per Head of Population

• “SO “Who do you think has the far healthier and expanding economy. Is it the UK..??? – FAT CHANCE as we are in real terms flat broke and insolvent.

• RUSSIAN SANCTIONS: Here “s another one which is so laughable it’s enough to make you weep.

FIRSTLY:

The Americans impose endless sanctions on Russia (as with many other countries) to bring them to their knees economically speaking and to

punish Russia for its “blatant aggression “- What aggression as Russia has neither threatened nor invaded anyone – FACT.

Set against this the fact that the, USA has 954 x Military bases and upwards of 400 – 500,000 personnel in some 120 x Foreign Countries.

Russia has. 5 x Overseas Military bases – all in Countries where they were asked to come in by their respective governments.

Who – Invaded Iraq based on lies about “WMD “and the sexed up Dossier – killing 1,000,000 Iraqis, displacing 4,000,000 more and bombing the country back into the Stone Age..?

Who – Invaded Libya based on lies, causing the death and displacement of hundreds of thousands and bombing what was formerly the richest county in Africa into the Stone Age..?

Who – Created a Proxy War in Syria, killing and displacing millions and reducing a thriving, secular country to ruins and almost into the hands of a bunch of

Head chopping ISIS – USA backed Islamic Fundamentalists – Who are being defeated due to Russian and Syrian Government Military action – alone

Who – Via Victoria Nuland and $ 5 Billion Dollars of USA / NGO Finance – Fermented the – Illegal Coup in Ukraine – CIA / USA with tacit EU support – FACT

Who – Accused Russia of Invading Crimea, when not one bullet was fired, not one shell exploded and when in point of fact the population of Crimea, who

Incidentally are all Russian speaking ethnic Russians asked to be taken back into “The Russian Federation “. Putin didn’t just say yes, he organised

a referendum overseen by 2 x Sets of International Observers who confirmed that no threats or coercion took place and whereby in a massive polling

turn out, the Crimean populati0n voted 90% + to rejoin their “Mother Land “- RUSSIA…

Who – Is currently involved (USA) in a, proxy war in Yemen, in support of the Saudis killing thousands and reducing the place to rubble.

You fail to see (deliberately so..??) who the real “Elephant in the Room “happens to be. It’s clearly the Hegemon that is the USA and its cabal of vassal states,

ourselves, the EU and others included, and whereby the USA sees itself as a “Hammer “and any nation state that doesn’t do exactly what it wants it therefore sees

as a “Nail “- To be bombed into the stone age, suffer regime change and have its citizenry murdered and displaced – IN THEIR MILLIONS.

The US is keen to tell everyone that they are “The Exceptional Nation “and “The Exceptional People “- They’re exceptional alright and disgustingly so, but really only

for exporting death, debt and destruction + their crooked dollar reserve standard to all four corners of the Earth.

It’s not, RUSSIA / CHINA and IRAN who comprise some latter day “Axis of Evil “- NO, you’ve only got to look closer to home and then across the pond

to the dregs of humanity who make up the “American Deep State “to find the true aggressors with their hands dripping in blood and who are responsible

for virtually every criminal war and un-warranted military intervention and the destruction of nation states and their people since World War II.

SECONDLY:

SO – With the USA having imposed countless “sanctions “on Putin and Russia + trying to destroy their financial system and deny them access to the Swift system,

what then is the net result – Is Putin and Russia now ruined and begging for the sanctions to be lifted – NO, quite the reverse in fact.

The Americans never really suffered any financial business losses through the imposition of the sanctions as they did precious little trade with Russia anyway.

NO – it was left primarily to the “EU “to lose billions in trade as like the vassal state / American lackey – lap dogs that they are, they agreed to impose sanctions

when the USA told them to (Obama says – Jump and the EU responds – how high sir). SO – all the machine tools, computer systems, heavy engineering

and machine tool sales that Germany had with Russia – evaporated overnight with the slack taken up by the Chinese and the massive sales of salad crops,

Wines, cheeses, meat and myriad other agricultural products that the likes of France./ Spain / Portugal / Italy and Greece et al, all did with Russia was also

replaced within days / weeks with imports from Brazil, South America and elsewhere + the Russians themselves have massively expanded their own

agricultural system and heavy engineering and technical business “s – to provide as much as they need from within and so not to be held to ransom by others – Win…WIN…WIN.

There you have it then, the bully boy Americans impose sanctions that don’t directly affect them but which effectively serve to further impoverish

the stupid boot licking Europeans who can’t see farther than the noses on their faces and who have lost billions in business – Which they “ll not get back anytime soon – if ever

I have gone on at far greater length than intended, but just hope (if you read this) – that you will swiftly realise that the best way to slow down or reverse the

decline of electronic mass media and the printed word – Is to stop lying to your readership and stop printing the patent rubbish that you for sure have regards Putin and Russia

“IF “you keep this up and don’t change the way you treat the news – then you will go the way of “The DODO “- swiftly and deservedly so.

LASTLY:

You should realise that this false narrative, with it’s falsehoods and in-accuracies that you, the media, our government, the Americans and the Europeans are spewing

forth to demonise the Russians, and which has been essentially going on continually since the fall of the Soviet Union – is very dangerous and could possibly be a tipping

point that could provoke a War. Nobody wins in an exchange of thermo-nuclear weapons as you are then in the realms of, “M.A.D. “- Mutually Assured Destruction

whereby life on earth and we all get wiped out – IS THIS A GOOD IDEA..?? – IS THIS WHAT YOU ALL WANT..?? – ARE YOU STARK RAVING BONKERS..??

A very, wise and learned man who is one of the World “s foremost Geo-Political and Russian experts has just written an article – “When dealing with a Bear, Hubris is Suicidal “

This just about says it all and you would do well to look out this article and take it all on board.

Mr.. Putin follows Theodore Roosevelts dictum – “Speak softly and carry a big stick “and has shown exceptional restraint and patience in the face of all this crap that “s thrown at him.

I think it’s about time that “The West “woke up to the reality of all that “s gone on and stops baiting this Bear, before he turns round and with one swipe – takes your head off.

Yours faithfully,

SIMON

Posted by & filed under Jim's Mailbox.

Courtesy of JB.

Jim

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From our best pal Dave in the witness protection program …you can’t sneak anything past him!

Bill

They both fabricated “evidence” with no prof to a gullible public.

Nikki Haley Warns: Russia Could Use Chemical Weapons In New York
March 14, 2018

New York City could be the next site of a chemical assassination attempt if world leaders fail to punish Russia for its alleged role in poisoning of a former spy in the United Kingdom, U.S. Ambassador to the United Nations Nikki Haley warned Wednesday.

“If we don’t take immediate concrete measures to address this now, Salisbury will not be the last place we see chemical weapons used,” Haley told the United Nations Security Council. “They could be used here in New York, or in cities of any country that sits on this Council. This is a defining moment.”

Haley raised the specter of new attacks during an emergency council meeting, held at the request of British officials who have accused Russia of using “a military-grade nerve agent” to target a former military intelligence officer who committed treason. Russian diplomats have denied responsibility for the incident, but British investigators say they have identified the poison as a chemical weapon produced by the Soviet Union during the Cold War.

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Lie After Lie: What Colin Powell Knew About Iraq 15 Years Ago And What He Told The U.N.
February 6, 2018

COLIN POWELL DELIVERED his presentation making the case for war with Iraq at the United Nations 15 years ago, on February 5, 2003.

As much criticism as Powell received for this — he’s called it “painful” and something that will “always be a part of my record” — it hasn’t been close to what’s justified. Powell, who was secretary of state under President George W. Bush, was much more than just horribly mistaken: He fabricated “evidence” and ignored repeated warnings that what he was saying was false.

Unfortunately, Congress never investigated Powell’s use of the intelligence he was given, so we don’t know many of the specifics. Even so, what did reach the public record in other ways is extremely damning. While the corporate media has never taken a close look at this record, we can go through Powell’s presentation line by line to demonstrate the chasm between what he knew and what he told the world. As you’ll see, there’s quite a lot to say about it.

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Eric,

Do you believe this is by coincidence Eric? I don’t, in fact I believe we are going to learn of many things “in our face” things this year. Remember, the elite love numbers and anniversaries as proof of their superior intellect compared to us shlubs!

Best,

Bill

Rollback of Dodd-Frank Provisions Clears Senate On 10-Year Anniversary Of Bear Stearns Collapse
March 15, 2018

A bipartisan bill which would relax restrictions placed on the financial industry during the credit-crisis has cleared the Senate with a vote of 67-31, on the 10-year anniversary of the collapse of Bear Stearns – but not before several changes to the original legislation were made, which would benefit big banks.

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Sen. Mike Crapo (R-ID), chairman of the Senate Banking Committee

“A bill that began as a well-intentioned effort to satisfy some perhaps legitimate community bank grievances has instead mushroomed, sparking fears that Washington is paving the way for the next financial meltdown,” writes David Dayen of The Intercept.

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Dear Wolfgang,

Both Jim and I would love to discuss/debate Mr. Kudlow any time regarding his thoughts on “king dollar”. He sounds a lot like Harry (dented logic) Dent doesn’t he?

Best,

Bill

Jim/Bill,

Larry should stick to TV.

A few comments on Larry’s perspective and Colin’s retort:

1) “Looking at the U.S. dollar, Kudlow said that a great country needs a strong currency.”

Scratching my head on this one! Gold is detrimental to a strong currency?

2) “I’m not saying the dollar has to go up 30%, I’m just saying let the rest of the world know that we are going to keep the world’s international reserve currency steady,”

Damn right it doesn’t have to go up 30%. We’ll be lucky if it goes down only 30%. March 26 commencement of trading in gold Yuan oil contracts marks the beginning of the end of Dollar hegemony.

3) “The Federal Reserve is going to raise its forecasts next week and that is going to support the U.S. dollar,” Colin Cieszynski, chief market strategist at SIA Wealth Management said.

A knee jerk reaction perhaps, but in the longer term higher rates don’t have much fire power unless supported by fundamentals. Any disbelievers need only look at Soros’ battle with the Central Bank of England on September 16, 1992. They raised rates hourly to defend the Sterling. But all for naught. Higher rates cripple the economy thereby weakening the underlying currency.

This is nothing more than a feeble attempt at jawboning the Dollar higher.

CIGA Wolfgang Rech

Larry Kudlow Recommends Selling Gold And Buying ‘King Dollar;’ Analysts Not So Much
March 15, 2018

(Kitco News) – Gold prices appear to be struggling Thursday , in part because the metal is seeing little love from the White House’s new national economic advisor Larry Kudlow.

In an interview with CNBC Wednesday, Kudlow said that he supports a strong U.S. dollar policy adding, “I would buy King Dollar and I would sell gold.”

Looking at the U.S. dollar, Kudlow said that a great country needs a strong currency.

“I’m not saying the dollar has to go up 30%, I’m just saying let the rest of the world know that we are going to keep the world’s international reserve currency steady,” Kudlow said in the interview. “That creates confidence at home.

Gold prices remain weak as the market digests the comments. April gold futures last traded at $1,318.90 an ounce, down 0.51% on the day.

However, analysts are not completley convinced gold investors should take Kudlow’s comments to heart.

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Jim/Bill,

Taunting the bear.

One day soon he will bite back!

CIGA Wolfgang Rech

Russia Threatens UK: “One Does Not Give 24Hrs Notice To A Nuclear Power”
March 14, 2018

On the heels of UK PM May’s red hot rhetoric and ultimatum yesterday and Germany’s pressure this morning, Russia has cranked up their response to ’11’ on the Spinal Tap amplifier of global armageddon.

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Having made clear this morning that:

“We have certainly heard the ultimatum voiced in London,” Russia’s top diplomat Sergey Lavrov said.

“The spokesperson for the Foreign Ministry has commented on our attitude to this,” he added referring to Maria Zakharova branding of May’s appearance in Parliament as a “circus.”

Russia faces warning from Germany too, as Reuters reports Merkel and May spoke this morning about the nerve agent attack. Merkel condemned the attack and stated that she was “taking very seriously the British government’s view that Russia might be responsible.” Merkel then said Russia “needs to give prompt answers to the British’ justified questions.”

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Good one JB…I had not thought of that angle!

Jim

Russian Plane Loses 3 Tons Of Gold On Takeoff
March 15, 2018

In the west there is “helicopter money.” In Russia, they do “airplane gold.”

Gems, precious metals and diamonds worth hundreds of millions rained over Russia’s coldest region when a Russian plane with ten tons of gold, platinum and diamonds lost a significant part of its cargo upon taking off from an airport in the Russian region of Yakutsk, famous for its rich natural resources and diamond deposits.

The precious rain then continued as the aircraft gained height.

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Posted by & filed under Jim's Mailbox.

Makes sense to us also JB!

Bill

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…and the reason for the recent military warnings from both Russia and China Wolfgang.

Best,

Bill

Jim/Bill,

It’s coming…..

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Are you ready?

CIGA Wolfgang Rech

From our friend Dan Kurz.  He highlights what higher interest rates mean to the credit markets and asks the question, what does it mean to the Fed with their insane 111-1 leverage?  Scary indeed!

Bill

DK Analytics, Post #32: Will the Fed’s 0.9% equity capital balance sheet limit QT?
March 14, 2018

https://dkanalytics.com/dk-analytics-post-32-will-feds-0-9-equity-capital-balance-sheet-limit-qt/

Jim/Bill,

Eye opening for investors who have been blind to the reality of the FED’s purpose in life.  Do they really need to be slapped in the face with this revelation?  Graham Summers does so but………..

….the question remains, can you convince the Algos?

CIGA Wolfgang Rech

Which Do You Believe? The $USD or Fed Economic Forecasts?
March 13, 2018

The attempts to mask inflation are reaching truly ludicrous proportions.

Bloomberg reports that the “guts of the US CPI show key inflation weakest in years.”

What are the “guts?”

Housing rents… which the CPI claims are falling.

That’s interesting, because:

1)   Apartment rents rose in 89% of US cities in January.

2)   Rents as a percentage of income are at their highest levels ever.

3)   The supposed “drop” in rents actually consisted of rents rising 2.7% Year over Year. The fact that it was the slowest rise in years is somehow supposed to mean rents fell.

At some point, someone needs to point out the obvious: that the entire reason the Fed uses CPI as an inflation measure is to HIDE, not accurately portray inflation.

Here’s a chart of Rents for all Urban Markets in the US. If you believe that the trend is DOWN here I have a bridge to sell you.

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Courtesy of GG.

Jim

Theranos’ CEO Elizabeth Holmes Charged By SEC With “Massive Fraud”
March 14, 2018

A little over two years after Theranos was exposed as a fraud by the WSJ, and not that much longer after its CEO Elizabeth Holmes was prancing around with Bill Clinton on the stage of the Clinton Global Initiative…

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… the SEC finally woke up, and moments ago it announced that it has charged Elizabeth Holmes as well as Theranos’ former president Ramesh Balwani with “massive fraud” for raising $700M+ “through an elaborate, years-long fraud in which they exaggerated or made false statements about the company’s technology, business, and financial performance.”

The SEC announced that as part of a settlement, Theranos and Holmes have agreed to resolve the charges against them, and “in addition to a penalty, Holmes has agreed to give up majority voting control over the company, as well as to a reduction of her equity which, combined with shares she previously returned, materially reduces her equity stake.”

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Very interesting charts to give you some perspective. Courtesy of CIGA Werner.

Bill

The DJIA hasn’t moved since 1997 measured in gold. The SP500 hasn’t moved since 1962 measured in gold.

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USA GDP still at 1960s level.

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The housing market is at 1988 levels

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The average production workers hourly wage is 1979 levels.

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This explains how most people making $60,000 per year cannot provide as good a quality of life as their grandfather did earning $6,000. Nominally, they earn 10x as much, but they are earning dollars worth a mere fraction of the purchasing power of grandpa’s.

Nancy,

I would have been kicked out also after asking her to name a 3rd, 4th or more genders. It seems rather than pouring money down a rat hole, responsible parents today should forbid their children attending college and instead send them to a trade school where they can learn something real?

Best,

Bill

Bill,

Another story about a kid being denied free speech at a US college. Some of these professors/schools are sure pushing an agenda.

CIGA Nancy

College Student Kicked Out Of Class For Telling Professor There Are Only Two Genders
March 12, 2018

A religious studies major was barred from Christianity class at Indiana University of Pennsylvania for saying during class that there are only two genders.

Lake Ingle, a senior at the university, said he was silenced and punished by IUP Professor Alison Downie for questioning her during a Feb. 28 “Christianity 481: Self, Sin, and Salvation” lecture.

After showing a 15-minute TED Talk by transgender ex-pastor Paula Stone Williams discussing the “reality” of “mansplaining,” “sexism from men,” and “male privilege,” the professor asked the women in the class to share their thoughts. When no women in the class said anything, Ingle spoke up, challenging the professor on biology and the gender wage gap.

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JB,

You have to wonder what exactly goes through a troll’s mind?

Best,

Bill

America’s Troll Farm Media
March 9, 2018

Despite all the smoke and mirrors, most Americans seem to see where the stenographers of corporate capitalism are taking us. A recent Gallup poll found that while 84% of Americans see media as “critical” or “very important” to democracy, only 28% see the corporatist mainstream news media (MSM) as actually supporting democracy. They’re right on both counts of course. The quality of a democracy is only as good as the information people have to make informed judgements about public policy and politicians.

Even as the mainstream news media continue to lose street cred, they persist in a rumor-saturated full court press against the “Trump-Putin presidency,” which only further exposes their lack of professionalism and increasing vulgarity. MSM management and their boardroom bosses have long understood that as long as they spice up their “nothing burger” news, ratings and advertising rates will keep them in business and please their commercial and government clients. Tabloid journalism, which can describe most American mainstream media these days, even when wrapped up as “all the news that’s fit to print,” is in constant search of sensation, scandal, gossip, and profit – and only occasionally in public-oriented investigative integrity.

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Dear Jim,

You were the very first to suggest the most endangered species on the planet walked on two legs and had a pension! How can this possibly be…with stocks at all time highs and valuations stretched to the no longer planet Pluto? Interest rates are still stupid low by any historical standard which means bonds are still stupidly high in price…yet Calpers is broke? Can you imagine the negative net worth they would have if not for the PPT, false interest rates and a central bank that spews $trillions to paper over losses from the last cycle? You should take a well deserved bow for calling this so far ahead that no one even understood what you were talking about. I am so proud to be your business partner and individual student! Article courtesy of JB.

Best,

Bill

“CalPERS Is Near Insolvency; It Needs A Bailout Soon” – Former Board Member Makes Stunning Admission
February 25, 2018

Two weeks ago, in the aftermath of the February 5 volocaust, we quoted David Hunt, CEO of $1.2 trillion asset manager PGIM, who said ignore the volatility spike, the real financial timebomb was and remains public pensions: “if you were going to look for what’s the possible real crack in the financial architecture for the next crisis, rather than looking in the rearview mirror, pension funds would be on our list.”

In a brief discussion wondering what municipalities and states will do when local tax revenues decline and unemployment worsens, Hunt said “we’re worried about those pension obligations.”

He is hardly alone: having reported over and over and over (and over, and over) again that public pensions are in deep trouble, two days ago none other than Steve Westly, former California controller and Calpers board member – manager of the largest public pension fund in the US, made a stunning admission, confirming everything:

“The pension crisis is inching closer by the day. CalPERS just voted to increase the amount cities must pay to the agency. Cities point to possible insolvency if payments keep rising but CalPERS is near insolvency itself. It may be reform or bailout soon.”

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Dear Jim,

I am not sure this is correct, what do you think?

Best,

Bill

Why QE Didn’t Send Gold Up To $20,000
March 6, 2018

Guest post by JP Koning, submitted by BullionStar.com

Why didn’t quantitative easing, which created trillions of dollars of new money, lead to a massive spike in the gold price?

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100 Trillion Dollar Notes are not yet required to purchase gold. Why hasn’t the increased money supply significantly increased the gold price?

The Quantity Theory of Money

The intuition that an increase in the money supply should lead to a rise in prices, including the price of gold, comes from a very old theory of money—the quantity theory of money—going back to at least the philosopher David Hume. Hume asked his readers to imagine a situation in which everyone in Great Britain suddenly had “five pounds slipt into his pocket in one night.” Hume reasoned that this sudden increase in the money supply would “only serve to increase the prices of every thing, without any farther consequence.”

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Dear Bill,

To put it quite simply, that was at the time of major increase in money supply all directed to fill a huge dark hole created by OTC derivative failures. The increase in money supply never got to see the light of day as it went into the losers on the OTC derivatives to pay the winners on the OTC derivatives who hoarded the funds as the tattered banking industry does.On the next move, the rich got richer. The derivative losers remain optically solvent due to a FASB change in accounting rules for derivative valuation. Today, personal interest overcomes the interest in the growth of institutions. Therefore, the bonuses went through the roof at financial institutions as did the salaries. This is pure financial interest, and does not in any way see the blue collar consumers. This money funds special interest, special people and gave birth to the 1% seeing their net worth move towards the trillions market. It funded a worldwide stock and bond market bubble but did nothing much inflationary where good are concerned. The increase in the money supply did not go into the pocket of consumers but rather just filled black holes in the OTC derivative losers balance sheets. This was named “Sterilization”, to make it look acceptable as an economic event. The money went to the losers on OTC derivative for fake working capital. Therefore, this produced an end to the optics of the OTC derivative crisis, but not appreciation in anything but financial bubbles.

Now it is different. The economic recovery, although not strong, is moving sideways. The playing field has become optically somewhat even. Changes in accounting has produced the optical of a level banking field. Insolvent banks continue to move forward on the back of FASB’s capitulation to the dark state who order a change in the mark to market computation of derivatives. FASB, therefore, stretching Hume’ s formula in time but in no way is it cancelled other than in snow flake economist minds.

A group of 15 or so trillionaires and a huge amount of millionaires were created everywhere in finance. This phenomena took place only in the world of finance and no where else, all on the back of the phony money transfer from the losers to winners on derivatives. This process is what gave rise to the false claim on two years of major international banks trading desks never one day losing money. That was the profit side of the derivative paying out in bonus, salary and bank stock prices plus buy backs in that industry via the trading department recognition of the OTC derivative winnings funded by the government, you and I Hume is not wrong. He was delayed by the treachery of FASB.

Now things have turned. The dollar is banished for its own many other reasons.

Now I predict the formula which was never cancelled but only delayed becomes more relevant.

Velocity of money depends heavily on confidence in the reserve currency, which few take into account.

Add that to Hume’s formula Trump’s immediate desire for fiscal stimulation, thereby locking and loading the formula to explode. Stimulation is now going fiscal and therefore, headed for Main Street. the Fed cannot shrink their balance sheet for quality of paper holdings and interest rate reasons Hyper inflation is always primarily a currency event, not an economic event.

Hume has not been outlawed by the Snow Flake B school fops, but will be the key to the reinstitution of the Austrian / Chicago school of economics based on the laws of nature.

MOPE will be trashed never to return in the lives of the Snow flakes. This is now, a clear and present as the fact of what is happening out there.

Jim Sinclair

Executive Chairman

j.sinclair@tanzanianroyalty.com


Posted by & filed under Jim's Mailbox.

Good’ern JB!

Bill

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Harvey Organ with a gem for us! I wonder if this is happening as London now owes 1,000’s of tons of gold for delivery?

Bill

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Posted by & filed under Jim's Mailbox.

You’ve got that right JB. I would love to see the real numbers of how many unjustified shootings have been done by NRA members?

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Jim/Bill,

Although this article exposes the Fed’s position on being short volatility, and must attempt to unwind it, it does show the simplistic thinking of the Fed’s models. The money never went into circulation as the models implied.

Powell, it appears, understands this. Theory and reality are two separate entities.

“First, the question, why stop at $4 trillion? The market in most cases will cheer us for doing more. It will never be enough for the market. Our models will always tell us that we are helping the economy, and I will probably always feel that those benefits are overestimated. And we will be able to tell ourselves that market function is not impaired and that inflation expectations are under control. What is to stop us, other than much faster economic growth, which it is probably not in our power to produce?”

To put it in layman’s terms, all the QE never went into establishing an economic resurgence. It’s not possible.

The QE went to banks to bail them out, and any excess was directed into buying back Treasury Bond issuance and, of course, with the help of the Fed shorting volatility, creating a false prosperity in equities. (Financial institutions purchase stocks with the Fed’s blessing and obtain cheap volatility as a hedge. No different than when the Fed’s PPT buys S&P futures, allowing institutions to short them and buy stocks to arbitrage the action….allowing the equity markets to rise).

It’s a closed loop! The money never found its way into the economy. It stayed within the inner circle of the financial establishment. Onto bank balance sheets, into government bonds, and equities. The public was hoodwinked.

That’s why the overt appearance of inflation never showed itself. But even so, when you look at 10oz cans of coffee in the supermarket (down from 16oz), or 12 oz. boxes of pasta (down from 16oz.) we get a revelation. Hell, even the huge Coffee rolls at Dunkin Donuts years ago, are now no larger than a regular jelly donut.

The deception goes beyond packaging sizes.

Marie Callender’s pies are now shown as having 9 slices, so the calories and fats are lower than the old 8 slices per pie.

Ever try to cut a pie into 9 slices?

Yes Virginia, inflation is here, but nothing like what you’ll see coming down the road should the Fed ever let the banking system release the QE into the economy!

The public is being taken for a ride every which way they turn.

CIGA Wolfgang Rech

Fed Chair Powell’s Admission: “The Fed Has A Short Volatility Position”
January 6, 2018

For years, market watchers and Fed skeptics had warned that the record low volatility “blanket” that has fallen like a pall over the comatose market was the result of Fed actions, both direct or indirect. And while they mostly spoke metaphorically (although back in 2012 we observed a distinct shift in the VIX futs when the current head of the Fed’s trading desk, Simon Potter, replaced Brian Sack), we now have explicit confirmation that the Fed’s “short vol” position appears to be rather literal.

This is what the next Fed Chair, Jerome Powell – who is scheduled to replace Janet Yellen next month – said during the October 23-24, 2012 FOMC meeting – just one month after the Fed announced QE3, as today’s just released 2012 FOMC transcripts revealed:

I have concerns about more purchases. As others have pointed out, the dealer community is now assuming close to a $4 trillion balance sheet and purchases through the first quarter of 2014. I admit that is a much stronger reaction than I anticipated, and I am uncomfortable with it for a couple of reasons.

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Jim/Bill,

Holy shit!

Saying “hello” as a greeting to someone is now politically incorrect! And possibly a crime?

“While the first daughter and now-White House adviser did not take part in the June 2016 meeting, she exchanged greetings with the Russian attorney and a lobbyist who attended the meeting as they stepped off an elevator, a person familiar with the exchange.

So it seems politeness is now treason?”

CIGA Wolfgang Rech

Mueller Now Probing Ivanka’s “Greetings Exchange” With Russian Lawyer
January 6, 2018

It’s not been a great few days for Jivanka. Following news that Jared Kushner’s company is being investigated by the SEC, The LA Times reports  that special counsel Robert Mueller is now investigating Ivanka Trump’s ‘interactions’ with a Russian lawyer and lobbyist.

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Mueller’s team is looking into any interactions the attorney, Natalia Veselnitskaya, and lobbyist, Rinat Akhmetshin, had with President Trump’s family members and inner circle, the Times reported.

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Dear Jim,

See what happens when you forget to turn on the parental controls on your computer? Hopefully the doggy police do not see this because you might be missing a few pooches if they do!
Your pal,
Bill