Posts Categorized: Jim’s Mailbox

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Jim/Bill,

Change is coming and our readers have been warned.

Dave

Is the Fed Preparing to Topple US Dollar?
September 1, 2019

Unusual remarks and actions by the outgoing head of the Bank of England and other central banking insiders strongly suggest that there is a very ugly scenario in the works to end the role of the US dollar as world reserve currency. In the process, this would involve that the Fed deliberately triggers a dramatic economic depression. If this scenario is actually deployed in coming months, Donald Trump will go down in history books as the second Hebert Hoover, and the world economy will be pushed into the worst collapse since the 1930s. Here are some elements worth considering.

Bank of England speech

The about-to-retire head of the very special Bank of England, Mark Carney, delivered a remarkable speech at the recent annual meeting of central bankers and finance elites at Jackson Hole Wyoming on August 23. The 23-page address to fellow central bankers and financial insiders is clearly a major signal of where the Powers That Be who run world central banks plan to take the world.

Carney addresses obvious flaws with the post-1944 dollar reserve system, noting that, “…a destabilising asymmetry at the heart of the IMFS (International Monetary and Financial System) is growing. While the world economy is being reordered, the US dollar remains as important as when Bretton Woods collapsed.” He states bluntly, “…In the longer term, we need to change the game…Risks are building, and they are structural.” What he then goes on to outline is a remarkably detailed blueprint for global central bank transformation of the dollar order, a revolutionary shift.

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Jim/Bill,

Everyone appears to discount the likelihood of the world running out of gold.

 

 

 

 

 

 

 

 

 

Well lo and behold, perhaps many eyes will soon open to that possibility.

 

 

 

 

 

 

 

 

 

 

 

CIGA Wolfgang Rech

Gold In Japan Reaches Highest Since 1980 – Surging Demand Results In Delays To Buy Gold
September 6, 2019

◆ Gold has reached its highest price in Japanese yen since 1980 at 165,045/oz (see charts below) as the yen depreciates amid “global economy jitters”

◆ A surge in demand in Japan is resulting in gold buyers needing to wait “2-3 hours to close deals” on gold bars according to Japan’s largest gold broker Tanaka Kikinzoku

◆ Gold is up 16% year to date in Japanese yen and near 40 year nominal highs due to concerns about the outlook for the yen, the Japanese and the global economy

◆ There is a “global hunt for the safe haven precious metal amid worries that the U.S.-China trade row could further depress the global economy” according to Reuters (see story below)

◆ Tokyo Commodity Exchange (TOCOM) gold futures have been surging since August and one commodity brokerage said Japanese speculators were taking profits at these levels

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The Gold to Silver ratio, please note the “MACD” beginning to cross and roll over. The ride for silver should be spectacular!
Courtesy CIGA Eric.
Bill

Posted by & filed under Jim's Mailbox.

This could be one heck of a truth bomb! Courtesy of CIGA Eslie.

Bill

The Soon-to-Be-Released Building 7 Study: Structural Engineers Weigh In
August 30, 2019

On this week’s episode of 9/11 Free Fall, host Andy Steele is joined by AE911Truth board members Kamal Obeid and Casey Pfeiffer, both of whom are structural engineers, to discuss the upcoming release of the World Trade Center Building 7 Study draft report by researchers at the University of Alaska Fairbanks — and the impact they expect it to have on the 9/11 debate.

We invite you to listen on SoundCloud or YouTube.

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Bill/Jim,

Sound Money is the soul of Society, imho.

It has been forgotten for a while. My, how the

Pendulum swings?!

CIGA Keith

Sound money will make its return.

Bill

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Jim/Bill,

Mr Schiff is saying exactly what we have been telling listeners for years.

Dave

The Trade War Is Already Lost, Trump Is Doomed And This Investment Is About To Go ‘Ballistic,’ Strategist Says
August 17, 2019

That’s Euro Pacific Capital’s Peter Schiff explaining to Fox Business following the Dow Jones Industrial Average’s DJIA, +1.20% nasty plunge on Wednesday how he sees this turbulent market ultimately playing out.

“The dollar DXY, +0.03% is going to go through the floor and it’s going to take the bond market with it and the next crisis, it’s not subprime mortgages, it’s going to be in the Treasury market,” he added.

Read: Stocks rise as bullish earnings, retail sales offset trade issues

In his latest podcast, Schiff detailed his outlook as to why he sees gold GC.1, -0.32% , which has already risen about 20%, rallying hard from here.

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Jim/Bill,

I brought the color revolutions up on Saturdays talk.

Dave

The Anglo-American Origins Of Color Revolutions & NED
August 17, 2019

Had Russia and China’s leadership not decided to unite in solidarity in 2012 when they began vetoing the overthrow of Bashar al Assad in Syria- followed by their alliance around the Belt and Road Initiative, then it is doubtful that the color revolution concept would be as well-known as it has become today.

At that time, Russia and China realized that they had no choice but to go on the counter offensive, since the regime change operations and colour revolutions orchestrated by such organizations as the CIA-affiliated National Endowment for Democracy (NED) and Soros Open Society Foundations were ultimately designed to target them as those rose, orange, green or yellow revolution efforts in Georgia, Ukraine, Iran or Hong Kong were always recognized as weak points on the periphery of the threatened formation of a great power alliance of sovereign Eurasian nations that would have the collective power to challenge the power of the Anglo-American elite based in London and Wall Street.

Russia’s 2015 expulsion of 12 major conduits of color revolution included Soros’ Open Society Foundation as well as the NED was a powerful calling out of the enemy with the Foreign Ministry calling them “a threat to the foundations of Russia’s Constitutional order and national security”. This resulted in such fanatical calls by George Soros for a $50 billion fund to counteract Russia’s interference in defense of Ukraine’s democracy. Apparently the $5 billion spent by the NED in Ukraine was not nearly enough (1).

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Jim/Bill,

…and the link between the John Birch Society and “The Creature from Jekyll Island”. You don’t think our president has any knowledge of this do you?

JB,

Just a little bit of research goes a long way if you are inclined!

Best,

Bill

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…a sign of the times Wolfgang!

Jim/Bill,

Not only is JC Penny selling used clothing, but Macy’s has jumped on board!

Need any more signs of a recession?

Food lines, perhaps?

Oh, wait…. we already have them.

They’re called “Food Stamps”.

 

 

 

 

 

Perhaps now is a good time for the Salvation Army to go public with a stock offering,

CIGA Wolfgang Rech

Jcpenney Halves Losses, Will Begin Selling Used Clothing
August 15, 2019

Shares of J.C. Penney surged after the ailing department store cut its quarterly losses in half and announced that it would begin selling used clothing to staunch fading sales.

Retailers have been searching for ways to get people back into its stores in the decade since the global economic downturn altered consumer behavior, a period that has run parallel with the ascent of Amazon.com.

Among the worst hit has been J.C. Penney, a company that traces its roots back to 1902 and just received a delisting warning from the New York Stock Exchange because its shares have fallen below $1.

On Thursday, the Plano, Texas, company said it would be partnering with thredUP, a resale website where people can buy and sell clothes online. J.C. Penney will open threadUP shop in 30 stores soon.

“We are not simply running a business – we are rebuilding a business,” said CEO Jill Soltau said in a prepared statement. “We are making a difference and today, I feel more confident than ever that we will reinvigorate and rejuvenate this great company to sustainable, profitable growth.”

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This could be a very real “what if” Wolfgang.
Bill

Jim/Bill,

What if……….one day the East says “you want our products?  Pay in gold.”
“The recent increase in gold prices may be set to continue on the strength of a global push for de-dollarization…
Countries increasingly hostile to the US and dollar hegemony, such as Russia and China, are searching for alternatives to the dollar including gold.”
The ensuing global scramble for gold will be unprecedented.
Remember, you can’t print gold.
CIGA Wolfgang Rech

China Curbs Private Gold Imports As It Adds 10 More Tons To Its Own Hoard
August 14, 2019

China continues to escalate its capital controls with headlines today from Reuters that Chinese authorities have curbed private gold imports since May as the trade war escalated in a move that could be aimed at curbing outflows of dollars and bolstering its yuan.

According to sources, China’s gold imports are down 300-500 tonnes, with around $15-$25 billion, since May.

 

 

 

 

 

 

 

 

 

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Wolfgang,

We have termed this as “all roads lead to gold”!

Bill

Jim/Bill,

Essentially, this article is about a “Mind Reset”.

Old timers look at gold as an inflation hedge.  Higher prices = higher gold.

Today’s youngin’s take a different view.  Higher prices = less chance of a rate cut = lower gold.

That is the way the lemmings trade, because according to the conventional wisdom, if inflation is higher, then the Fed will be less likely to cut rates. After all, they’re cutting rates because inflation is too low and if inflation comes in hotter, well, then there’s less of a reason for the Fed to cut rates. So paradoxically, higher inflation is seen as being bad for gold. And the reason I’m saying paradoxically is because gold is an inflation hedge. Normally, the more inflation the more you want to buy gold.

In my eyes, it’s a win/win situation.

-If prices of goods soar, make no mistake, there will be a run for the gold. That will never change. Think hyperinflation.

-If rates go negative, gold will provide a safe haven without any “opportunity cost” being missed.

And no one is even talking about the fiat currency destruction underway!  When paper becomes worth less, or better yet worthless, the fireworks will begin.

Eyes will open soon.  But by then, it may be too late or too costly.  Kind of like buying life insurance on your deathbed.

CIGA Wolfgang Rech

Schiff: The World Will Drown In An Ocean Of Inflation; Gold Is Going Ballistic
August 15, 2019

Via SchiffGold.com,

The gold market took a one-two punch on Tuesday as Trump made some concessions in the trade war and inflation numbers came in a bit higher than expected. Peter Schiff talked about it in his latest podcast, saying gold traders still don’t understand the gold rally.

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JB with some humor for us, the only problem is “they” think the public is so stupid this explanation may actually be floated?
Bill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CIGA Nat checks in with a reminder for us of Howard Buffett’s thoughts on precious metals.
Bill

Bill,

You probably have already seen this, but since you posted the incredibly revealing graph comparing Berkshire Hathaway to Gold,  I thought the Super Irony of Buffett’s Father’s writings on Gold in 1948 when he was a congressman from Nebraska, Juxtaposed to his son Warren’s disingenuous Hypocrisy on the value of PM’s would be of interest to your readers.  Wonder what he’ll do with that 120 billion in cash he’s sitting on.  If he’s smart he’ll listen to his Father’s words and do the same thing with gold he did with silver, except keep it this time, and don’t write derivatives on it. Your readers might find Howard Buffett”s  “Freedom Rests On Gold” fascinating, enlightening, and encouraging.
Best,

Nat