Posts Categorized: Jim’s Mailbox

Posted by & filed under Jim's Mailbox.

Jim,

On last Saturdays call, I asked the question, was it something Erdogan

said that caused Trump to pull out?  Could it have to do with the death of Khashoggi?

Dave

Ex-NATO Commander Wesley Clark To CNN: Did Erdogan Blackmail Trump?
December 25, 2018

Former NATO commander Wesley Clark told CNN Monday morning that Turkish President Recep Tayyip Erdogan night have blackmailed President Trump into withdrawing US forces from Syria. The retired U.S. Army general and former NATO Supreme Allied Commander posed the following explosive question during a CNN live interview on Monday:

“You have to ask, why was the decision made? People around the world are asking this and our allies in the Middle East are asking, did Erdogan blackmail the president? Was there a payoff or something? What was it? Why would a guy make a decision like this?”

This follows a broad Pentagon and deep state backlash in reaction to last week’s sudden White House announcement of a “full” and “immediate” pullout of the some 2000+ American military personnel training and advising Kurdish-Arab SDF forces in north-east Syria (in October the commander of the Special Operations Joint Task Force Operation Inherent Resolve let slip that there were actually 4,000 troops in Syria, but quickly tried to walk it back).

Quickly on the heels of the decision Trump’s senior aides noted the decision was made after a phone call between Trump and Erdogan on December 14th, and curiously the U.S. State Department approved the sale of $3.5 billion in patriots missiles the day after.

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Jim,

Geo-Politics is easy in an expanding world. In a recession it can get ugly fast! That is why we pay attention to it.

Dave

Global Economy Teeters on the Brink of a Recession That Will Transform Geo-Politics
December 24, 2018

As we approach 2019 the global economy teeters on the brink of yet another recession which will plunge geo-political relations into a period of great upheaval and rapid change. In 2019 global stock markets will continue to face unprecedented volatility and gigantic losses as the Ponzi scheme pumped up by the cartel of central banks comes crashing down.

The central bank cartel of the U.S. Federal Reserve, European Central Bank, Bank of Japan, and Bank of England together with the Bank of China have flooded their national economies with astronomical sums of money since 2008 in an attempt to stave off collapse of the global financial system.

Their money printing experiment has driven global debt from $177 trillion to over $277 trillion today while interest rates have been artificially suppressed enabling a wealth transfer to the 1% of historic proportions. This massive expansion of central bank balance sheets is illustrated below.

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Jim/Bill,

Good news from Syria.

Dave

Christmas Makes A Comeback In Damascus
December 25, 2018

Young volunteers from the churches of Damascus drove through the suburbs of the Syrian capital this week, carrying ornaments to decorate some of the first Christmas trees seen in former opposition bastions in seven years.

Once lit and decorated with tiny Santas, the trees in Eastern Ghouta looked like anything one would find on the streets of any European city. But these towns have suffered tremendous hardship during the seven-year conflict in Syria: ruled by Islamist militiamen that excommunicated Christian communities, besieged by government troops and then pounded to dust by the Russian Air Force, which ended Islamist rule last winter.

Many Christians are yet to return to the destroyed neighborhoods of Eastern Ghouta, where electricity blackouts are still common and where basic services, like running water and heating fuel, are still both expensive and irregular.

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Bill,

This was passed on to me by your friend. I thought it was spot on as it explains the why they are crashing the markets.

Dave

The Psychological Warfare Behind Economic Collapse
December 20, 2018

The concept of using the economy as a weapon is not an alien one to most people. Generally, we understand the nature of feudalism and how various groups can be herded onto centralized plantations to be exploited for their labor. Some people see this as a consequence of “capitalism,” and others see it as an extension of socialism/communism. Sadly, many people wrongly assume that one is a solution to the other — meaning they think that crony capitalism is a solution to communist centralization or that communism is a solution to the corruption of crony capitalism. The reality is that this is just another false paradigm.

What is most disturbing is that the majority of the public have no grasp whatsoever of the true solution to the problem of corrupt or totalitarian economies: free markets.

Free markets have not existed within the global economy on a large scale for at least the past 100 years. The rise of central banking has eroded all vestiges of freedom in production and trade. Crony capitalism with its focus on corporate power and monopoly has nothing to do with free markets, despite the arguments of rather naive socialists who blame “free markets” for the problems of the world. If you ever hear anyone making this claim, I suggest you remind them that corporations and their advantages are a creation of governments.

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CIGA Tom with an absolute fact! I left the business at the end of 2006 because I knew what was coming. I cannot even imagine being a branch manager in today’s world? A dear friend of mine used to say “Wall St. does not have enough capital to settle the lawsuits that are coming”. If we retain the rule of law, this will certainly be true!

Bill

IceCap Asset Management: An Entire Generation Of Investment Professionals Has No Idea What’s Coming
December 22, 2018

Submitted by Keith Decker of IceCap Asset Management

Asymmetrical Risk-Return Relationships

Want to know why the house always wins in Vegas? It’s because the odds, or probable outcomes are always in favour of the house, or put another way – the gambler always has the deck stacked against him. This concept is called the asymmetrical risk-return relationship, and it also exists in the investment world.

The average investor is told that stocks always go up over the long-run.

Although the long-run is rarely defined, and it’s never the same for every person or every market; this expression is effectively trying to describe an asymmetrical risk return relationship. This relationship is one where the expected positive returns from the stock market significantly exceed the expected negative returns from the stock market.

The same is also true for the bond market.

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Jim,

As we said on Saturday, the US has no answer to hypersonic.

Dave

Putin Warns US Against Misadventures
December 19, 2018

The Russian President Vladimir Putin’s address to an expanded meeting of the Defence Ministry Board in Moscow on December 18 stands out as a tour d’horizon of the global strategic balance. The speech must be seen against the backdrop of the free fall in US-Russia relations, build-up of NATO infrastructure on Russia’s western borders and, in particular, the Trump administration’s statements about the US withdrawing from the Intermediate-Range Nuclear Forces (INF) Treaty of 1987.

Broadly, Putin’s message is in three directions:

The modernization of Russian armed forces has been most successful and the combat readiness of Russian military is at an all-time high level;

Russia has developed new hypersonic weapons of immense destructive power, which are going into serial production for deployment with the strategic nuclear forces to which the US simply has no answer;

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Bill said, it is all about debt.

Dave

Investors To Corporate America: You’ve Got A Debt Problem
December 19, 2018

It’s getting awfully difficult for investors to ignore Corporate America’s mountain of debt.

Fears of an economic slowdown — or even recession — have turned a spotlight on the debt that businesses piled up during the past decade, when borrowing costs were historically low.

For the first time since the Great Recession, investors want companies to prioritize paying down debt rather than investing in the future or share buybacks and dividends, according to a Bank of America Merrill Lynch survey of global fund managers.

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Jim,

You can’t make this up!

Dave

Controversial Treatment Transfuses Patients With ‘Young Blood’ From Teenagers To Reverse Aging Process
December 20, 2018

PHILADELPHIA (CBS) — Could the secret to eternal youth be found in blood transfusions from young people? Some claim that transfusions with “young blood” from teenagers can reverse the aging process.

It’s being tested in patients over the age of 35 as part of a clinical trial called ambrosia, where people paid $8,000 to get the rich growth factors found in bloods plasma platelets.

“There are pretty much people from most states, people from overseas, people from Europe and Australia,” Dr. Jesse Karmazin said.

Results of the trial have not been published.

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Jim,

We will need to keep both eyes on the ball here.

Dave

Why Trump’s Peace Signal In Syria Could See US Clash With Russia In Ukraine
December 21, 2018

Trump’s abrupt call for US troops to leave Syria is being lambasted by his domestic critics as “a gift to Russia.” The paradox is that peace signals on Syria could bode sharper conflict with Russia in Ukraine. Hardly a gift.

President Trump’s announcement via Twitter of a military pullout from Syria is best understood as a superficial political move.

The subsequent prompt resignation by his Defense Secretary James Mattis – within hours of Trump’s declared withdrawal – shows the president is deeply at odds with the Pentagon. Military officials say they were blindsided by Trump. Mattis’ resignation, therefore, came as a rebuke.

Trump’s feel-good rhetoric in announcing the Syria move betrays his egotistical craving to be seen as bestowing a Christmas goodie to his voter base.

“We have won against ISIS. Our boys, our young women, our men – they’re all coming back and they’re coming back now,” said Trump in self-congratulatory tone.

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Jim,

Looks like so far, no one has turned them in.

Dave

Over One Million Gun Owners Have Refused To Obey Ban In New Jersey, No One Giving Up Cartridge Magazines
December 23, 2018

Residents of New Jersey were given a deadline to turn in their gun magazines or become felons overnight, and so far, no one is complying.

Unless you’ve been under a rock lately, then you’ve likely seen the unprecedented push by all levels of government to separate law abiding Americans from their guns. No, this is not some conspiracy theory. The president himself ushered in a new level of gun control doing what his liberal predecessor even refused to do by banning bump stocks. However, as states across the country seek to limit the ability of innocent people to defend themselves, people are disobeying.

In May, Gov. Phil Murphy signed a law that reduced the maximum capacity of ammunition magazines from 15 rounds to 10. Citizens immediately sued the government, citing the unconstitutional nature of the ban, but they failed.

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Jim/Bill,

As an official member of the Tin Foil Hat Club, here is my Christmas card for readers.

Merry Christmas!!

Dave

It’s a Christmas conspiracy, Charlie Brown!
December 22, 2018

Merry Christmas, VT readers!

‘Tis the season for exchanging gifts, ’tis it not? ‘Tis also the season for sending your friends and relatives some sort of greeting card, letter, or (if you’re a cyber-acculturated cheapskate) email letting them know you’re not dead and giving them at least a vague sense of what you’ve been up to.

So why not send your friends and relatives some thought-provoking mirth too?  Just forward this Peanuts parody as—or alongside—your “official Christmas greeting.” Who knows, if it goes viral, maybe thousands or even millions of people will eventually come to doubt the official story of Santa Claus!

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Jim,

You probably will not see MSM cover this.

Dave

Carbon Dioxide Emissions From The U.S. Power Sector Have Declined 28% Since 2005
December 23, 2018

From EIA

From December 17 through December 31, Today in Energy will feature a selection of our favorite articles from 2018. Today’s article was originally published on October 29. EIA’s forecast for energy-related CO2 emissions was detailed in another article.

 

 

 

 

 

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Bill,

Will the public finally figure out that every thing is manipulated, especially the weather.

Dave

China And Russia Band Together On Controversial Heating Experiments To Modify The Atmosphere
December 18, 2018

A total of five experiments were carried out in June. One, on June 7, caused physical disturbance over an area as large as 126,000 sq km (49,000 square miles), or about half the size of Britain.

The modified zone, looming more than 500km (310 miles) high over Vasilsursk, a small Russian town in eastern Europe, experienced an electric spike with 10 times more negatively charged subatomic particles than surrounding regions.

In another experiment on June 12, the temperature of thin, ionised gas in high altitude increased more than 100 degrees Celsius (212 degrees Fahrenheit) because of the particle flux.

The particles, or electrons, were pumped into the sky by Sura, an atmospheric heating facility in Vasilsursk built by the former Soviet Union’s military during the cold war.

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Honor thy elders, many were more of a badass than we could ever be.

JB

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Jim/Bill,

This says it all about CNBC.

Given CNBC’s categorically bullish outlook on all assets from stocks, to bonds to bitcoin, it’s hardly surprising that Gundlach’s take didn’t sit well with “Mad Money” host Jim Cramer, who mocked Gundlach for his accurate calls on stocks and bonds, saying during a morning appearance on CNBC yesterday that Gundlach should “stick to bonds.”

It’s not simply insulting Gundlach.

It goes much deeper.

It’s about insulting the market and it’s bulls.

CIGA Wolfgang Rech

Jim Cramer Apologizes To Jeff Gundlach After ‘Bond King’ Boycotts CNBC
December 21, 2018

Doubleline Capital’s Jeff Gundlach raised a few eyebrows last night when he tweeted seemingly out of nowhere that his appearances on CNBC were now a “thing of the past” and that he would be taking his revered market commentary to Fox Business in the future.

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Monetary Science answers, in the parlance of the New Normal, responding to a Trekkie who asks what good is gold on Mars?

Due to teleportation and green ladies being irresistible, all money loses it’s value in comparison to the love potion the green ladies provide. Blue pills are abandoned by both sexes, all genders, transgenders and yet to be discovered genders. The Federal Reserve turns out to be Klingons who are disguised using multiple Artifical Intelligence holographs and forced back to their home planet by Scotty. The Federal Reserve is done away with leaving only bitcoin as a tradable. It’s now worth 25 cents but immediately, due to the lack of any other medium of exchange (plus the banning of Green Love Juice) bitcoin now runs to $15, however that is $17,985 below it’s high in 2017.

The answer to your question is Gold is the “Green Love Juice” that now backs the Treasury Guaranteed Crypto Currency know as “Treasury Trust FundBits.”

All manufacture of “Green Love Juice” is restricted to Fort Knox by the families of Rothschild as Soros is still alive and kicking in the year 3510, after his now tri-yearly youth-giving tele-transportations to Switzerland.

James Sinclair

Hi Admiral Jim,

I am only a novice and writing after a long period, there is question which keeps intriguing me – (“when” – Of course nobody knows and won’t ask).

“How” will true physical value of gold be reflected in USD and EUR price and overcome the paper/e-gold suppression mechanism in an age of internet e-trading algo drive markets (ETFs papergold, e-gold, Comex, LLC, etc.) they all get paper settled at pre-reset value if reset comes}).

Another angle of asking the Q – When Will USD and EUR become non dominant trading currencies for gold (and commodities)?

Yes, it did overflow from price USD35 USD42.2 and USD250-350 range to above 1000 (1000-1800) in past 10yrs to some extent (but always stays at high deviation from a fair value, adding the banks).

Yes, it does reflect more fairly in VES TRY IRR INR IDR VND and so on…

Suppression in other currencies is not their goal and irrelevant. They may keep running game for 5 or 50 years.

Physical gold may not be used medium of frequent exchange but it’s still recognized worldwide as “store of value”, that’s why it gave birth to E-gold, statement gold and ETFs in in the first place.

However, changing the “store-of-value” via faith and force based “medium-of-exchange” to necessary services/goods becomes tricky in timings.

I am of the opinion that the paper/electronic market was created in 80’s not only for hedging and price discovery, but mainly for Price Control and suppression. Current algo and AI bot control is just a modern day manifestation.

Apologies for writing long and if my quest sounds stupid.

Cheers and respectful regards

CIGA Sailor Sai

 

Courtesy of JB

Jim

 

Jim,

Obama wishes he could have gotten away with this! Trump is going where no one dared to go. Let the gun ban begin.

Turn them in or you are a felon!

Dave

Trump Administration Moves To Ban Bump Stocks
December 18, 2018

WASHINGTON (AP) — The Trump administration Tuesday banned bump stocks, the firearm attachments that allow semi-automatic weapons to fire like machine guns and were used during the worst mass shooting in modern U.S. history.

The regulation gives gun owners until late March to turn in or destroy the devices. After that, it will be illegal to possess them under the same federal laws that prohibit machine guns.

Bump stocks became a focal point of the gun control debate after they were used in October 2017 when a man opened fire from his Las Vegas hotel suite into a crowd at a country music concert, killing 58 people and injuring hundreds more.

The regulation was signed Tuesday by Acting Attorney General Matthew Whitaker. It will take effect 90 days after it is published in the Federal Register, which is expected to happen Friday.

Bump stock owners will be required to either destroy them or surrender them to the Bureau of Alcohol, Tobacco, Firearms and Explosives, a senior Justice Department official said. It is impossible to know just how many bump stocks Americans own because the devices aren’t traceable, but ATF has estimated that between 280,000 and about 520,000 have been sold since 2010.

Investigators expect most owners will comply with the new rule and ATF will take action against those who don’t, the official said. But there’s no surefire way to know whether owners are complying. The official briefed reporters on condition of anonymity.

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…say it isn’t so?

Bill

 

BBB? Where do they go next?

Bill

This is a special for the “Any Day Now” crowd, this message is truly for you.

From today’s Le Metro Pole Cafe’s James Joyce table…

“Here’s a video from Jimmy Dore. He’s a left wing social commentator but I watch him as I enjoy his humor, and he shares with us many of the same foes with which we wrestle with daily.

In Friday’s Midas Commentaries you warned of Trumps pending legal troubles. Watch this eight minute video and see what you think of them then.”

JB

Posted by & filed under Jim's Mailbox.

Jim,

It appears the ante has just been upped.

Dave

Russia’s New Rules Of Engagement In Syria
December 15, 2018

Authored by Elijah Magnier, Middle East based chief international war correspondent for Al Rai Media

Syria will adopt a new rule of engagement with Israel now that Russia has taken a tougher and clearer stance on the conflict between Israel and the “Axis of the Resistance”. Henceforth, Damascus will be responding to any Israeli strike. If it damages a specific military target it will reply with a strike against a similar objective in Israel. Decision makers in Damascus said, “Syria will not hesitate to hit an Israeli airport if Damascus airport is targeted and hit by Israel. This will be with the consent of the Russian military based in the Levant.”

This Syrian political decision is based on the clear position taken by Russia in Syria following the downing of its aircraft on September 18 this year. In 2015 when the Russian military landed in Syria, it informed the parties concerned (i.e. Syria, Iran and Israel) that it had no intention to interfere in the conflict between them and Hezbollah and that it would not stand in the way of Tel Aviv’s planes bombing Hezbollah military convoys on their way to Lebanon or Iranian military warehouses not allocated to the war in Syria.

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Jim,

As long as Bolton and Pompeo are in charge, war is on the cards.

Dave

US Commits To “Indefinite” Occupation Of Syria; Controls Region The Size Of Croatia
December 15, 2018

We don’t want the Americans. It’s occupation” — a Syrian resident in US-controlled Raqqa told Stars and Stripes military newspaper. This as the Washington Post noted this week that “U.S. troops will now stay in Syria indefinitely, controlling a third of the country and facing peril on many fronts.”

US forces in Syria, via ABC News

Like the “forever war” in Afghanistan, will we be having the same discussion over the indefinite occupation of Syria stretching two decades from now? A new unusually frank assessment in Stars and Stripes bluntly lays out the basic facts concerning the White House decision to “stay the course” until the war’s close:

That decision puts U.S. troops in overall control, perhaps indefinitely, of an area comprising nearly a third of Syria, a vast expanse of mostly desert terrain roughly the size of Louisiana.

The Pentagon does not say how many troops are there. Officially, they number 503, but earlier this year an official let slip that the true number may be closer to 4,000.

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Jim,

We talked about this. Let’s hope it doesn’t happen.

Dave

What are the Odds of a Shooting War Between NATO and Russia? “70% Chance of Combat”
December 13, 2018

Hungarian scholar George Szamuely tells Ann Garrison that he sees a 70 percent chance of combat between NATO and Russia following the incident in the Kerch Strait and that it is being fueled by Russia-gate.

George Szamuely is a Hungarian-born scholar and Senior Research Fellow at London’s Global Policy Institute. He lives in New York City. I spoke to him about escalating hostilities on Russia’s Ukrainian and Black Sea borders and about Exercise Trident Juncture, NATO’s massive military exercise on Russian borders which ended just as the latest hostilities began.

Ann Garrison: George, the hostilities between Ukraine, NATO, and Russia continue to escalate in the Sea of Azov, the Kerch Strait, and the Black Sea. What do you think the latest odds of a shooting war between NATO and Russia are, if one hasn’t started by the time this is published?

George Szamuely: Several weeks ago, when we first talked about this, I said 60 percent. Now I’d say, maybe 70 percent. The problem is that Trump seems determined to be the anti-Obama. Obama, in Trump’s telling, “allowed” Russia to take Crimea and to “invade” Ukraine. Therefore, it will be up to Trump to reverse this. Just as he, Trump, reversed Obama’s policy on Iran by walking away from the Joint Comprehensive Plan of Action, otherwise known as the Iran nuclear deal. So expect ever-increasing US involvement in Ukraine.

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Bill,

This is some footage of the Yellow vests in France. All should see as the MSM is not covering it.

Dave

What You’re Not Being Told About The Yellow Vest’s in Paris
December 11, 2018

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This speaks to the Wall and the Dems.

Jim

This should matter…

JB

Macron accused of treason by French generals for signing UN Migration Pact
December 14, 2018

General Antoine Martinez has written the letter signed by ten other generals, an admiral and colonel, and also includes former French Minister of Defense Charles Millon.

They’ve given strong warning that Macron’s signing the U.N. Global Migration Pact strips France of even more sovereignty providing an additional reason for “an already battered people” to “revolt”.

The highly decorated military co-signees assert that the beleaguered Macron is “guilty of a denial of democracy or treason against the nation” for signing the migration pact without putting it to the people.

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Who will stand up for the grandmas? Courtesy of JB.

Bill

 

 

 

 

 

 

 

 

 

Something about pictures and thousand(s) of words?

Bill

 

From our good friend Yra Harris.

Bill

Notes From Underground: Markets Are Rounding Third and Sliding Into Home
December 16, 2018

As we head into the final two weeks of the year, the global equity markets are “sliding into home.” Equities sold off again on Friday as the Chinese tariff saga is failing to provide support to the market. Weekend news conveyed the idea that the market was reacting to this week’s FED meeting and the very high probability of another increase in the central bank’s target range. This is a stretch because investors have been aware of the FED‘s limitations under its own “forward guidance,” trapped into a rate hike for fear of spooking the market if no increase was decided.

It is a great failure of the FED‘s forward guidance policy that calling off a rate hike WOULD DO MORE HARM TO MARKETS THAN AN INCREASE IN THE FED FUNDS RATE. (I call it the ultimate prisoner’s dilemma for the game theorists populating the FED‘s research centers.) The most important outcome with the FOMC statement will be if the central bank sends dovish signals by acknowledging the global slowdown. That has been the reason that all other central banks have left rates unchanged (SNB, ECB, BOJ, RBNZ, RBA, BOC). The only bank that has raised rates is the Russian central bank (which they did on Friday).

The FED says very little about global conditions, which is incongruous being that the DOLLAR is the world’s reserve currency. Whatever path the FED takes has far greater impact upon the global financial system and yet the U.S. central bank remains very restrained in commenting on global economic conditions. If Chairman Powell is searching for grounds to lessen the possibility of future rate hikes, the STRONG HEADWINDS FROM A SLOWDOWN OF GLOBAL GROWTH provides the perfect rationale.

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Jim,

Canada appears to have made a major miscalculation.

Dave

China Press Warns To “Prepare For Escalation Of Conflict With Canada”
December 16, 2018

Days after revealing that businessman Michael Spavor – who became the second Canadian citizen detained in China since Beijing warned it would retaliate against Canada for the arrest of Huawei CFO Meng Wanzhou in Vancouver earlier this month – had been arrested for “threatening national security”, the Communist Party made clear that this is only the beginning, and that Canada should expect “further escalation” as Beijing has no intentions of backing down – and every intention of sending a message to US allies that they should stay out of the still-simmering dispute between the world’s two largest economies.

Via an editorial in the Global Times, an English-language Chinese media company considered to be a mouthpiece for the Communist Party, China accused Canada and other US allies of forming “a collective encirclement and suppression of Chinese high-tech enterprise Huawei” – likely a reference to the US’s campaign to convince its allies to avoid Huawei equipment, citing its vulnerability to Chinese spies, as well as Canada’s cooperation in Meng’s detention – the editorial “suggested” that China should leverage its economic heft to deter US allies from taking actions contrary to China’s interest.

By calling on its allies, the US has gradually formed a collective encirclement and suppression of Chinese high-tech enterprise Huawei. It is a wicked precedent.

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Government granting a monopoly to a central bank has failed.

“Regulation” of this monopoly has failed. There are tens of thousands of financial regulations.

Creating currency out-of-thin-air has failed. The currency has become worth so little that people cannot keep up with their bills.

Central Planning of the economy has failed. We should have learned from the Soviets.

It’s well past the time for sound money, that is totally divorced from government, free markets, and voluntary economic interactions.

Or must we continue to believe in unicorns and suffer even more economic pain?

JB

 

Posted by & filed under Jim's Mailbox.

Jim/Bill,

The Riots In France Are Not Just About Taxes 

“…we can’t make ends meet. The cost of living keeps going up, and our incomes keep going down. We just can’t take it anymore. The government must stop, think and change course.”

Dec 12, 2018 2:00 AM

Sound familiar?  Do not think for one second it can’t happen here.

Perhaps people may not want to prepare for the inevitable, but our government certainly is!

See the following articles that came out in the past few days and shivers will run down your spine.

Government gold confiscation, gun confiscation, Free Speech confiscation, and last but not least….your money confiscated through excessive taxation.

CIGA Wolfgang Rech

Offshore Gold Storage “For When The US Govt Decides You Shouldn’t Own It”

“If your gold is outside the US, it gives you another degree of insulation should the United States decide that you shouldn’t own it – it’s not a reportable asset.”

  • Dec 13, 2018 9:40 PM

https://www.zerohedge.com/news/2018-12-13/offshore-gold-storage-when-us-govt-decides-you-shouldnt-own-it

New Jersey Declares War On Its Residents: Plans Door-To-Door Gun Confiscation Campaign

New Jersey State Police… won’t rule out “house-to-house enforcement” of the new magazine ban…

  • Dec 13, 2018 8:25 PM

https://www.zerohedge.com/news/2018-12-13/new-jersey-declares-war-its-residents-plans-door-door-gun-confiscation-campaign

California To Tax Text Messages? Like WTF!

“It’s a dumb idea

  • Dec 12, 2018 11:25 PM

https://www.zerohedge.com/news/2018-12-12/california-tax-text-messages-wtf

California Dem Admits “I’d Love To Regulate The Content Of Speech”

“I would love to be able to regulate the content of speech…”

  • Dec 12, 2018 8:50 PM

https://www.zerohedge.com/news/2018-12-12/california-dem-admits-id-love-regulate-content-speech

 

Jim/Bill,

“It seems the Saudis learned well on the real meaning of ‘capitalism’ and ‘free’ markets.”

We are all familiar with Japan buying up trillions worth of stocks to support their market.

And even Switzerland buying stocks, US Stocks in particular (one of the largest holders of Apple stock), to help support our markets, or make a speculative profit.  You choose.  In either case, it’s wrong.

Hell, even China steps in to prevent market plunges.  We hear that constantly.

Now we see the Saudi Plunge Protection Team, following the path of the Fed’s Plunge Protection Team, in supporting the stock markets.

And all this is being done on the consumers’ dime!

Wait until a sleeping public wakes up to the “silent noise”.  And wake, they will.

Is there, or was there ever, a “Free Market” capitalistic system?

I’m beginning to believe there isn’t, or ever was, true capitalism.

CIGA Wolfgang Rech

Forget ‘Fake News’, Here’s ‘Fake Markets’ – How MbS Spent Billions To Prop Up Saudi Stocks
December 14, 2018

In politics, “when it gets serious, you have to lie.”

In the increasingly intermingled worlds of geopolitics and financials markets, when it get serious, you have to rescue your nation’s stocks…

America’s Plunge Protection Team has been a long-standing feature behind the scenes since Greenspan (some even think it has been around since 1944), ready as equity market buyer of last resort (and even getting subsidies for doing so from the exchanges).

See any number of magical and sudden reversals from 2008/9 and 2014…USA Today finally realizes, fundamentals don’t matter anymore…

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Jim,

Is it about free markets or a competitive advantage?

Dave

“Five Eyes” Intelligence Agencies Behind Drive Against Chinese Telecom Giant Huawei
December 14, 2018

vidence has come to light that US operations against the Chinese telecommunications giant HuaWei (华为) and the arrest and detention of one of its top executives, Meng Wanzhou, to face criminal charges of fraud brought by the US Justice Department are the outcome of a coordinated campaign by the intelligence agencies of the so-called “Five Eyes” network.

According to a major report published in the Australian Financial Review (AFR) yesterday, the annual meeting of top intelligence officials from countries in the network—the US, Britain, Australia, New Zealand and Canada—held last July decided to “co-ordinate banning” Huawei from 5G mobile phone networks.

The two-day meeting, held in the Canadian capital, Ottawa, decided that the intelligence chiefs should spend time publicly explaining “their concerns” about China.

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