Posts Categorized: Jim’s Mailbox

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Jim,

John Williams, of Shadow Stats, would tell us India is not the only country hiding data.

Dave

India’s Leader Is Accused of Hiding Unemployment Data Before Vote
January 31, 2019

NEW DELHI — When voters swept Prime Minister Narendra Modi into power five years ago, it was in no small part because of his vows to create millions of jobs and vault India into an era of prosperity.

But now, just months before the next general election, Mr. Modi is facing a potentially troublesome challenge on the jobs promises that may be partly of his own making.

His government was accused on Thursday of suppressing an official report on the national unemployment rate that apparently showed it had reached a 45-year high in 2017.

The Business Standard, a respected Indian financial newspaper, published leaked findings from the unemployment report, which is based on a survey and produced by the National Sample Survey Office, a government agency.

There had been expectations that the report would be released in December. Two commissioners responsible for reviewing data in the report, who had advocated releasing it, resigned in protest this week.

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Jim,

This would be a war with no winners.

Dave

President Putin Working Meeting With Lavrov And Shoigu Regarding INF Treaty
February 02, 2019

President of Russia Vladimir Putin: Foreign Minister Sergei Lavrov, please provide an update on the Treaty on the Elimination of Intermediate-Range and Shorter-Range Missiles, and the disarmament dossier in general. What is going on in terms of limitation of offensive arms?

Foreign Minister Sergey Lavrov: Mr President,

Regarding the Intermediate-Range Nuclear Forces Treaty, as you know, it has been in force since 1988. It had an indefinite term. According to the information at our disposal, the United States has been violating the Treaty since 1999, when it started testing combat unmanned aerial vehicles that have the same characteristics as land-based cruise missiles banned by the Treaty.

The United States went on to use ballistic target missiles for testing their missile defence system, and in 2014 they began the deployment in their missile defence system positioning areas in Europe of Mk 41 vertical launching systems. These launchers are fully suitable as they are for Tomahawk intermediate-range attack missiles.

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Bill,

Gambling with the house money and losing.

Dave

Abenomics Harpoons Japan’s Pension ‘Whale’
February 2, 2019

If Japan’s Prime Minister Shinzo Abe wonders about the cost of delaying vital reforms for six-plus years now, he has a Hungary-sized demonstration.

Japan’s Government Pension Investment Fund, the world’s largest of the genre, just posted a record $136 billion loss. That’s roughly equivalent to Hungary’s annual gross domestic product. With $1.39 trillion of total assets left, “The Whale,” as locals call it, could be the investment world’s biggest Abenomics casualty.

Ostensibly, GPIF fell victim to last quarter’s spectacular equities rout. The benchmark Nikkei 225 index alone lost 12% in 2018.

Yet it’s important to recognize how Prime Minister Abe’s policies aren’t just slamming the banking industry, but many a retiree in the world’s fastest-aging major economy.

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Jim,

CNN fake news at it again. Only this time they are with President Trump.

Dave

Regime Change In Venezuela: Army Defectors, Russian Mercenaries And Disappearing Gold
January 31, 2019

Over the past few days, the intensity of anti-government protests in Venezuela has declined despite attempts of the US-led bloc to warm them up through both public and clandestine measures. However, the conflict continues to develop amid the acute standoff in the media sphere between the Maduro government and its opponents backed by the US-led bloc.

On January 29, CNN released an interview with two “Venezuelan army defectors” who appealed to US President Donald Trump to arm them to defend “freedom” in Venezuela. They claimed to be in contact with hundreds of willing defectors via WhatsApp groups and called on Venezuelan soldiers to revolt against the government of President Nicolas Maduro.

“As Venezuelan soldiers, we are making a request to the US to support us, in logistical terms, with communication, with weapons, so we can realize Venezuelan freedom,” one of the alleged defectors, Guillen Martinez, told CNN. Another one, Hidalgo Azuaje, added: “We’re not saying that we need only US support, but also Brazil, Colombia, Peru, all brother countries, that are against this dictatorship.”

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Jim,

File under election meddling.  Do the U.S. and its allies have a moral or ethical right to determine the political future of Venezuela?

Dave

Your Complete Guide to the N.Y. Times’ Support of U.S.-Backed Coups in Latin America
January 29, 2019

On Friday, The New York Times continued its long, predictable tradition of backing U.S. coups in Latin America by publishing an editorial praising Donald Trump’s attempt to overthrow Venezuelan President Nicolas Maduro. This will be the 10th such coup the paper has backed since the creation of the CIA over 70 years ago.

A survey of The New York Times archives shows the Times editorial board has supported 10 out of 12 American-backed coups in Latin America, with two editorials—those involving the 1983 Grenada invasion and the 2009 Honduras coup—ranging from ambiguous to reluctant opposition. The survey can be viewed here.

 

 

 

 

 

 

 

 

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Jim,

I hope all readers will take the time to read this piece in full and then ask themselves this most important question…Is Trump the Matrix’s “lady in the red dress”?

Dave

The Most Interesting Man in the World: Two Faces on the Same Coin
February 2, 2019

Presidential elections are planned distractions

To divert attention from the action behind the scenes

Like a game of chess when the house is a mess

Or a petty money squabble when your marriage is in trouble

Or a football game when there’s rioting in the streets

It’s just another movie, another song and dance

Another poor sucker who never had a chance

– Timbuk3. “Just Another Movie”, Greetings From Timbuk3 (1986), Mamdadaddi Music/I.R.S. Music, Inc. admin. by Atlantic Music

Before the big game there’s a coin toss and by the luck of the draw, decisions are made even before the teams take the field. It is the same for politics with, perhaps, the exception of luck having anything to do with the outcomes.  Regardless, the games play on our screens and we passively watch; anxiously waiting to see what happens.

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Jim,

This would lead one to conclude that John Bolton does not want the rule of law to prevail.

Dave

UN Court Judge Quits The Hague Citing Political Interference
January 28, 2019

A senior judge has resigned from one of the UN’s international courts in The Hague citing “shocking” political interference from the White House and Turkey.

Christoph Flügge, a German judge, claimed the US had threatened judges after moves were made to examine the conduct of US soldiers in Afghanistan.

Turkey’s government had earlier made “baseless” allegations to end the tenure of a Turkish judge sitting on a United Nations court known as the International Residual Mechanism for Criminal Tribunals with the connivance of the UN, he claimed.

Aydın Sefa Akay was removed following his arrest and subsequent release over alleged links to Fethullah Gülen, the US-based cleric blamed by the Turkish president, Recep Tayyip Erdoğan, for a failed coup attempt.

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Jim,

A little info on the coming 5G that all should know.

20,000 Satellites For 5G To Be Launched Sending Focused Beams Of Intense Microwave Radiation Over Entire Earth

Take the time to listen to this audio for more information.

Taos, New Mexico, August 12, 2018

Dave

 

Jim/Bill,

The Petro/Dollar is in danger…so is the Empire.

Dave

Venezuela: Let’s Cut to the Chase
February 2, 2019

Cold War 2.0 has hit South America with a bang – pitting the US and expected minions against the four key pillars of in-progress Eurasia integration: Russia, China, Iran and Turkey.

It’s the oil, stupid. But there’s way more than meets the (oily) eye.

Caracas has committed the ultimate cardinal sin in the eyes of Exceptionalistan; oil trading bypassing the US dollar or US-controlled exchanges.

Remember Iraq. Remember Libya. Yet Iran is also doing it. Turkey is doing it. Russia is – partially – on the way. And China will eventually trade all its energy in petroyuan.

With Venezuela adopting the petro crypto-currency and the sovereign bolivar, already last year the Trump administration had sanctioned Caracas off the international financial system.

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Jim/Bill,

The death of the dollar will mean a rise in gold prices.

Dave

Trump’s Brilliant Strategy to Dismember U.S. Dollar Hegemony
February 1, 2019

The end of America’s unchallenged global economic dominance has arrived sooner than expected, thanks to the very same Neocons who gave the world the Iraq, Syria and the dirty wars in Latin America. Just as the Vietnam War drove the United States off gold by 1971, its violent regime change warfare against Venezuela and Syria – and threatening other countries with sanctions if they do not join this crusade – is driving European and other nations to create their alternative financial institutions.

This break has been building for quite some time, and was bound to occur. But who would have thought that Donald Trump would become the catalytic agent? No left-wing party, no socialist, anarchist or foreign nationalist leader anywhere in the world could have achieved what he is doing to break up the American Empire.

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CIGA Kevin with notes on RMB gold.

Bill

There is no permanent peg to RMB Gold. It only appears that there is a peg when the Chinese are accumulating physical gold production from overseas and draining the West’s inventory. This is now complete and RMB gold price is set to move big while RMB stays mostly constant.

Fact – RMB Gold x RMB = $US Gold Price

$US Gold

  • In $US Gold there is an Inverted H&S Pattern that encompasses a $344 price range from 2013-2019. Breakout point on a monthly close necessitate a close above $1377.
  • “Coincidentally” the exact same inverted H&S Pattern and price range existed in 2008-2009 that started the move then.
  • Breaking out of that pattern in November 2009 had an initial target of $1377 “coincidentally” the price that would now confirm the breakout of current Inverted H&S Pattern.

Second target in the 2009 breakout was a Fibonacci expansion by 1.619 of the first point move added to the initial target price. $1377 + ($344 x 1.619) =  $1934 This was nearly exactly the price it hit in August 2011.

  • Breaking out of the current Inverted H&S Pattern indicates an initial projection of $1721/oz. Expanded Fibonacci target would be $1721 + ($344 x 1.619) =  $2277 This could coincide with Reset #1.

$RMB Gold

  • He who has the gold makes the rules and sets the price of gold.
  • In RMB Gold a similar Inverted H&S or Cup and Handle pattern exists today with break out point at 9202 RMB/oz. This implies a basically unchanged $0.1496 RMB – (9202 RMB/oz) x (0.1496 $/RMB) = $1377/oz. During first move higher to $1721 gold and 11,695 RMB/oz, the RMB does not need to move higher and likely will not move higher in percentage terms when compared to RMB gold price itself.
  • During the second expanded move to $2277  likely to coincide with Reset #1, the RMB may catch the bid higher as does RMB gold.

Kevin

 

CIGA Peter checks in

Bill

Just in case you missed it.

Peter

Jim Grant: ‘Fed Is Insolvent’ And ‘It Is Leveraged 100 To 1’
January 30, 2019

Jim Grant, the founder and editor of Grant’s Interest Rate Observer, and Judy Shelton, a former member of the Trump Economic Advisory Council, discuss the Fed rate hike decision with CNBC’s “Closing Bell” team.

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Jim/Bill,

Dalio understands.

The Great Reset is coming.

Do your readers?

Dalio’s View Is Likely Understated. 

The real crisis comes when there is a “run on pensions.” With a large number of pensioners already eligible for their pension, the next decline in the markets will likely spur the “fear” that benefits will be lost entirely. The combined run on the system, which is grossly underfunded, at a time when asset prices are dropping will cause a debacle of mass proportions. It will require a massive government bailout to resolve it.

But it doesn’t end there. Consumers are once again heavily leveraged with sub-prime auto loans, mortgages, and student debt. When the recession hits, the reduction in employment will further damage what remains of personal savings and consumption ability. The downturn will increase the strain on an already burdened government welfare system as an insufficient number of individuals paying into the scheme is being absorbed by a swelling pool of aging baby-boomers now forced to draw on it. Yes, more Government funding will be required to solve that problem as well. 

As debts and deficits swell in the coming years, the negative impact to economic growth will continue. At some point, there will be a realization of the real crisis. It isn’t a crash in the financial markets that is the real problem, but the ongoing structural shift in the economy that is depressing the living standards of the average American family. There has indeed been a redistribution of wealth in America since the turn of the century. Unfortunately, it has been in the wrong direction as the U.S. has created its own class of royalty and serfdom.

The issue for future politicians won’t be the “breadlines” of the 30’s, but rather the number of individuals collecting benefit checks and the dilemma of how to pay for it all.

The good news, if you want to call it that, is that the next “crisis,” will be the “great reset” which will also make it the “last crisis.”

The time to own gold is NOW!  While you can still get it.

CIGA Wolfgang Rech

Dalio’s Fear Of The Next Downturn Is Likely Understated
January 31, 2019

Authored by Lance Roberts via RealInvestmentAdvice.com,

“What scares me the most longer term is that we have limitations to monetary policy — which is our most valuable tool — at the same time we have greater political and social antagonism.” – Ray Dalio, Bridgewater Associates

Dalio made the remarks in a panel discussion at the World Economic Forum’s annual meeting in Davos on Tuesday where he reiterated that a limited monetary policy toolbox, rising populist pressures and other issues, including rising global trade tensions, are similar to the backdrop present in the latter part of the Great Depression in the late 1930s.

Before you dismiss Dalio’s view Bridgewater’s Pure Alpha Strategy Fund posted a gain of 14.6% in 2018, while the average hedge fund dropped 6.7% in 2018 and the S&P 500 lost 4.4%.

The comments come at a time when a brief market correction has turned monetary and fiscal policy concerns on a dime. As noted by Michael Lebowitz yesterday afternoon at RIA PRO

“In our opinion, the Fed’s new warm and cuddly tone is all about supporting the stock market. The market fell nearly 20% from record highs in the fourth quarter and fear set in. There is no doubt President Trump’s tweets along with strong advisement from the shareholders of the Fed, the large banks, certainly played an influential role in persuading Powell to pivot.

Speaking on CNBC shortly after the Powell press conference, James Grant stated the current situation well.

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Would you expect anything else?

Bill

 

Bill/Jim,
Wow!

 

 

 

 

 

 

The move away from the Dollar is gaining quite some momentum.
Not just Asia and the MidEast, as we are all well aware of, but now Europe.
CIGA Wolfgang Rech

Europe Launches SWIFT Alternative To Send Money To Iran
January 31, 2019

 In a move sure to unleash fury from the Trump administration, the European Union has announced it has set up a transactions channel with Iran to bypass US sanctions. The launch of INSTEX — or “Instrument in Support of Trade Exchanges” — by France, Germany, and the UK will allow non-dollar trade with Iran and is being described as facilitating humanitarian goods-related transactions only, including food, medicine and medical equipment.

Long anticipated, Thursday’s EU announcement marks the most concrete action Europe has taken to thwart Washington sanctions after the US pullout of the 2015 nuclear deal last May, and after SWIFT caved to US pressure. Europe is hoping the mechanism will act as a legal means to preventing Tehran from quitting the JCPOA, which promised sanctions relief should the country halt nuclear weapons research and development. INSTEX is expected to receive the formal endorsement of all 28 EU members, which aims to encourage skittish pharmaceutical and agricultural companies to the table with Tehran after many stopped doing business in Iran for fear of US economic retribution.The Iranians welcomed the new mechanism: “It is a first step taken by the European side… We hope it will cover all goods and items,” Iranian Deputy FM Abbas Araqchi told state TV, referencing EU promises to stick to its end of the nuclear deal.

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Would you not call the dems efforts here a coup against an elected official?

Jim

Jim/Bill,

I’m certainly not privy to the inner workings of this political mayhem, but one thing I do know…..Guaido was NOT elected.

Is this just another a coup d’état?

A coup by any other name is still a coup.

At stake:

Massive oil fields and the world’s largest gold reserves, both coveted by the west, and currently being developed by Russia and China from what I understand.

CIGA Wolfgang

In First Phone Call, Trump Congratulates Guaido On Becoming President Of Venezuela
January 30, 2019

President Trump started a Tuesday morning twitter storm with a tweet warning that Maduro will be “willing to negotiate” after the US starves his teetering regime of badly needed funding via the sanctions that were levied earlier this week.


But tweeting isn’t all the president did. According to Press Secretary Sarah Sanders, Trump spoke with Guaido for what appears to be the first time on Wednesday. A readout of the call revealed that Trump “congratulated” Guaido on his “historic assumption of the presidency of Venezuela,” and promised to keep in regular contact to “support Venezuela’s path back to stability.”

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Courtesy of Dave.

Jim

The Deep State “Show Trial” Persecution of Roger Stone
January 27, 2019

The pre-dawn FBI raid on Roger Stone’s home, with CNN conveniently tipped off to be there, shows the deep state “combined arms” machine in action – but the ultimate target is Trump himself.

. . .

When did prosecutors end the practice of notifying lawyers for persons who were indicted that their client must present himself on a specified date at a specified time?  Answer:  when federal prosecutors learned that part of their job is show biz.  Prosecutors who want to be U.S. Attorneys, or DOJ officials, or candidates for Congress, or judges, need to get noticed.  Anyone think Mueller does not have an ego?  Did anyone really think that Roger was going to resist arrest?  No — its theater.

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The truth revealed.

Jim

 

Here is what will happen in Washington slightly after President Cortez takes office.

Jim

What a nation people do after socialism has failed.

JB

Posted by & filed under Jim's Mailbox.

Jim,

Sam knows it is time to buy gold.

Dave

Billionaire Sam Zell Buys Gold: Right Move, Wrong Reason
January 20, 2019

Investment guru Sam Zell is buying gold for the first time. Zell claims “Supply is shrinking.”

Please consider Billionaire Sam Zell Buys Gold for First Time in Bet on Tight Supply.

Gold’s dimming supply prospects have caught the eye of one billionaire.

“For the first time in my life, I bought gold because it is a good hedge,” Sam Zell, the founder of Equity Group Investments, said in a Bloomberg TV interview. “Supply is shrinking and that is going to have a positive impact on the price.”

“The amount of capital being put into new gold mines is a most nonexistent,” Zell said. “All of the money is being used to buy up rivals.”

Misunderstanding Supply

Zell is correct about capital, about new mines, and about gold being a hedge.

Zell is wrong about supply. The supply of gold increases every month, albeit at a diminishing rate.

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If this is the plan, then part two of the plan was added a few hours ago, with this tweet from the President…

JB


Trump Puts Schumer And Pelosi In A Brilliant Vise Grip
January 19, 2019

By Jim Davis

The federal government shutdown has presented a unique opportunity for President Donald Trump to clear out the deadwood in the federal bureaucracy, saving U.S. taxpayers billions of dollars in salaries, perks, and rented office space for people who aren’t doing anything productive.

At the same time, Trump can get rid of dozens, possibly even hundreds of Deep State operatives in the government, handpicked by Barack Obama and Bill Clinton for their loyalty to the Democratic Party, not their country or the law.

These people leak like a screen door in a submarine, mainly to CNN and MSNBC, the twin headquarters of Trump-hatred on cable TV.  Peter Strzok and Lisa Page were choreographing their leaks to the media via text messages.  Even though Strzok was fired and Page resigned, it’s clear there are many others.  They actively resist Trump and the Republicans at every opportunity.  This is the core of the Resistance.

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