Posts Categorized: Jim’s Mailbox

Posted by & filed under Jim's Mailbox.

Info to think about!

Dave

Solar Radiation Management, Geoengineering and Chemtrails
November 5, 2013

The Fifth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC) warns that, despite global side effects and long-term consequences, geoengineering techniques involving solar radiation management (SRM) should be maintained:

“If SRM were terminated for any reason, there is high confidence that global surface temperatures would rise very rapidly to values consistent with the greenhouse gas forcing.” [emphasis in original]

“Climate Change 2013: The Physical Science Basis,” (referred to as “AR5”) supercedes the former report published in 2007. [1]  The IPCC’s first Assessment Report was published in 1990.

The discussion in the Summary for Policymakers and in the body of AR5 commends solar radiation management over carbon dioxide removal methods, which are limited in their efficacy on a global scale, yet admits that neither are ideal, and that both geoengineering techniques will have long-term consequences.

“While the entire community of academia still pretends not to know about the ongoing reality of global geoengineering,” comments Dane Wigington at Geoengineering Watch, “the simple fact that they are now discussing geoengineering in the latest IPCC report indicates that the veil is beginning to lift.” [2]

More…

 

Courtesy of JB.

Jim

Sweden Distributes ‘Be Prepared For War’ Leaflet To All 4.8m Homes
May 21, 2018

Defence pamphlet shows how population can prepare in event of attack and contribute to country’s ‘total defence’

The Swedish government has begun sending all 4.8m of the country’s households a public information leaflet telling the population, for the first time in more than half a century, what to do in the event of a war.

Om krisen eller kriget kommer (If crisis or war comes) explains how people can secure basic needs such as food, water and heat, what warning signals mean, where to find bomb shelters and how to contribute to Sweden’s “total defence”.

The 20-page pamphlet, illustrated with pictures of sirens, warplanes and families fleeing their homes, also prepares the population for dangers such as cyber and terror attacks and climate change, and includes a page on identifying fake news.

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If this is true, here comes Reset #1 of #2.  I assure you of this as I know. Courtesy of JB.

Jim

Bank of England Issues Working Paper on Central Bank Digital Currencies
May 21, 2018

In May 18, the Bank of England released a staff working paper, laying out various scenarios of possible risks and financial stability issues of central bank digital currencies (CBDCs).

The paper constructs three models of CBDC depending on the sectors that have access to CBDC, from a narrow CBDC where access is limited to banks and non-bank financial institutions (NBFIs), to direct and indirect access extended to households and non-financial firms.

The Financial Institutions Access model is limited to banks and NBFIs, where financial institutions can interact directly with the central bank to purchase and sell CBDC in exchange for eligible securities. Financial institutions are not supposed to provide an asset to households and firms, which are entirely backed by central bank money.

The Economy-wide Access model assumes that access to CBDCs is granted to banks and NBFIs, households and firms. In this way, a CBDC can serve as money for all agents in the economy. While only banks and NBFIs can interact directly with the central bank to buy and sell CBDCs, the report says that “households and firms must use a CBDC Exchange to buy and sell CBDC in exchange for deposits.”

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Posted by & filed under Jim's Mailbox.

As Jane Fonda said in the movie Rollover: “If you do this it will be the end of the world” (she referred to the Arabs selling their dollar holdings and buying…gold).

The Arab replied; “No it won’t be the end of the world, but it will be the end of the world as you know it.”

What has now happened in Brussels is such a historical turning point, in my opinion. Merkle meeting with Putin gives rise to a united states of Europe in the formation, which of course will have their own trading unit based on gold…”new world money.” They no longer want Washington telling them what they should do, etc. That routine is now history.

Frank

Brussels Rises In Revolt Against Washington: A Turning Point In US-European Relations
May 20, 2018

Authored by Alex Gorka via The Strategic Culture Foundation,

The May 16-17 EU-Western Balkans summit did address the problems of integration, but it was eclipsed by another issue. The meeting turned out to be a landmark event that will go down in history as the day Europe united to openly defy the US. The EU will neither review the Iran nuclear deal (JPCOA) nor join the sanctions against Tehran that have been reintroduced and even intensified by America. Washington’s unilateral withdrawal from the JPCOA was the last straw, forcing the collapse of Western unity. The Europeans found themselves up against a wall. There is no point in discussing further integration or any other matter if the EU cannot protect its own members. But now it can.

President Trump has his own reasons to shred the Iran deal, but he needs Europe to strong-arm Tehran into signing a “better” agreement. Were it to do so, the US administration would make it look like a big victory. Washington does not shy away from threatening its allies with punitive measures but the EU is standing tall, deepening the rift. As European Council President Donald Tusk put it, “With friends like Trump, who needs enemies?” According to him, the US president has “rid Europe of all illusions.” Mr. Tusk wants Europe to “stick to our guns” against new US policies. Jean-Claude Juncker, the head of the EU Commission, believes that “Europe must take America’s place as global leader” because Washington has turned its back on its allies. Washington “no longer wants to cooperate.” It is turning away from friendly relations “with ferocity.” Mr. Juncker thinks the time is ripe for Europe “to replace the United States, which as an international actor has lost vigor.” It would have been unthinkable not long ago for a top EU official to say such things and challenge the US global leadership. Now the unthinkable has become reality.

More…

Turkey Repatriates All Gold From The US In Attempt To Ditch The Dollar
May 20, 2018

After Venezuela, Germany, Austria and the Netherlands prudently repatriated a substantial portion (if not all) of their physical gold held at the NY Fed or other western central banks in recent years, one month ago Turkey announced that it too has decided to repatriate its gold stored in the US Federal Reserve and deliver it to the Istanbul Stock Exchange, according to reports in Turkey’s Yeni Safak. As we reported at the time, it wouldn’t be the first time Turkey has asked the NY Fed to ship the country’s gold back: in recent years, Turkey repatriated 220 tons of gold from abroad, of which 28.7 tons was brought back from the US last year.

And now, according to a report by the Swiss Schweiz am Wochenende, the repatriation is complete with the Turkish central bank withdrawing all of its gold reserves from the U.S. due to the “tense political situation.” However, in a strange twist, instead of moving the physical gold to Istanbul as the Turkish press reported in April, the Swiss newspaper notes that around 19 tons of Turkish gold is now stored at the Basel-based Bank for International Settlements.

It was not immediately clear why Turkey would shift its gold from the NY Fed to the BIS, whose historical “gold rehypothecation” tendencies have been well documented over the years.

According to the latest IMF data, Turkey’s total gold reserves are estimated at 596 tons in May, up 5 tons since April, and worth just under $23 billion, rising 40% over the past year. This makes Ankara the 11th largest gold holder, behind the Netherlands and ahead of India.

More…

As Jane Fonda said in the movie Rollover: “If you do this it will be the end of the world” (she referred to the Arabs selling their dollar holdings and buying…gold).

The Arab replied; “No it won’t be the end of the world, but it will be the end of the world as you know it.”

What has now happened in Brussels is such a historical turning point, in my opinion. Merkle meeting with Putin gives rise to a united states of Europe in the formation, which of course will have their own trading unit based on gold…”new world money.” They no longer want Washington telling them what they should do, etc. That routine is now history.

Frank

Brussels Rises In Revolt Against Washington: A Turning Point In US-European Relations
May 20, 2018

Authored by Alex Gorka via The Strategic Culture Foundation,

The May 16-17 EU-Western Balkans summit did address the problems of integration, but it was eclipsed by another issue. The meeting turned out to be a landmark event that will go down in history as the day Europe united to openly defy the US. The EU will neither review the Iran nuclear deal (JPCOA) nor join the sanctions against Tehran that have been reintroduced and even intensified by America. Washington’s unilateral withdrawal from the JPCOA was the last straw, forcing the collapse of Western unity. The Europeans found themselves up against a wall. There is no point in discussing further integration or any other matter if the EU cannot protect its own members. But now it can.

President Trump has his own reasons to shred the Iran deal, but he needs Europe to strong-arm Tehran into signing a “better” agreement. Were it to do so, the US administration would make it look like a big victory. Washington does not shy away from threatening its allies with punitive measures but the EU is standing tall, deepening the rift. As European Council President Donald Tusk put it, “With friends like Trump, who needs enemies?” According to him, the US president has “rid Europe of all illusions.” Mr. Tusk wants Europe to “stick to our guns” against new US policies. Jean-Claude Juncker, the head of the EU Commission, believes that “Europe must take America’s place as global leader” because Washington has turned its back on its allies. Washington “no longer wants to cooperate.” It is turning away from friendly relations “with ferocity.” Mr. Juncker thinks the time is ripe for Europe “to replace the United States, which as an international actor has lost vigor.” It would have been unthinkable not long ago for a top EU official to say such things and challenge the US global leadership. Now the unthinkable has become reality.

More…

Turkey Repatriates All Gold From The US In Attempt To Ditch The Dollar
May 20, 2018

After Venezuela, Germany, Austria and the Netherlands prudently repatriated a substantial portion (if not all) of their physical gold held at the NY Fed or other western central banks in recent years, one month ago Turkey announced that it too has decided to repatriate its gold stored in the US Federal Reserve and deliver it to the Istanbul Stock Exchange, according to reports in Turkey’s Yeni Safak. As we reported at the time, it wouldn’t be the first time Turkey has asked the NY Fed to ship the country’s gold back: in recent years, Turkey repatriated 220 tons of gold from abroad, of which 28.7 tons was brought back from the US last year.

And now, according to a report by the Swiss Schweiz am Wochenende, the repatriation is complete with the Turkish central bank withdrawing all of its gold reserves from the U.S. due to the “tense political situation.” However, in a strange twist, instead of moving the physical gold to Istanbul as the Turkish press reported in April, the Swiss newspaper notes that around 19 tons of Turkish gold is now stored at the Basel-based Bank for International Settlements.

It was not immediately clear why Turkey would shift its gold from the NY Fed to the BIS, whose historical “gold rehypothecation” tendencies have been well documented over the years.

According to the latest IMF data, Turkey’s total gold reserves are estimated at 596 tons in May, up 5 tons since April, and worth just under $23 billion, rising 40% over the past year. This makes Ankara the 11th largest gold holder, behind the Netherlands and ahead of India.

More…

Courtesy of GG.

Jim

Nunes Bombshell, “This Is Over”! Trump Demands Probe! MOAB About To Drop!
May 20, 2018

The DOJ tried to lore Nunes and Gowdy into leak trap Friday night. They realized what was going on and didn’t take the bait. Nunes came out Sunday morning and dropped a bombshell on the DOJ basically saying that the gig is up. Immediately following that, Trump releases a tweet demanding probe of alleged spying on his campaign. It finally appears that Trump is getting involved like he said he would several tweets ago. This will set things up for the release of the IG report and the end of the Mueller investigation. The NYT tried to get ahead of the IG release with the article Friday, but it is clear that Trump is about to drop the MOABs on this entire corrupt fiasco! The Weiner indictment was just unsealed and we can expect many more to follow when the IG report drops. Huber is ready to go and Trump gets the huge MSM MOAB he has set up prior to the midterm elections. Do you believe in coincidence?

Trump ‘demands’ probe of alleged spying on his campaign

Washington (AFP) – US President Donald Trump sharpened Sunday his accusations that his presidential campaign was “infiltrated” or spied on for political purposes, saying he would officially “demand” a Justice Department investigation. The president has repeatedly cast the probe led by Special Counsel Robert Mueller into Russian meddling in the 2016 election and possible collusion by his campaign as a politically driven “witch hunt,” while offering no evidence. “I hereby demand, and will do so officially tomorrow, that the Department of Justice look into whether or not the FBI/DOJ infiltrated or surveilled the Trump Campaign for Political Purposes,” he tweeted, “and if any such demands or requests were made by people within the Obama Administration!”

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Posted by & filed under Jim's Mailbox.

David,

You can’t imagine how e-mails we have gotten over time regarding this topic by chemtrail denyers. Maybe when they get a knock on the door and are told “we are with the government and are here to help you”…they will believe that too?

Best,

Bill

Jim brings up weather and spraying in the sky from time to time here is a quote from 1962

do you think the plan has changed? No he is not crazy just well informed.

Dave

President Lyndon Johnson Approves Weather Warfare
May 27, 1962 – 1969

“In his subcommittee’s detailed summary statement Johnson proclaimed that our very future depended on being the ones who first seized ownership of space. “Control of space means control of the world,” Johnson declared.

From space, the masters of infinity would have the power to control the earth’s weather, to cause drought and flood, to change the tides and raise the levels of the sea, to divert the gulf stream and change temperate climates to frigid. Johnson continued:

In essence, the Soviet Union has appraised control of space as a goal of such consequence that achievement of such control has been made a first aim of national policy. [In contrast], our decisions, more often than not, have been made within the framework of the Government’s annual budget. Against this view, we now have on record the appraisal of leaders in the field of science, respected men of unquestioned competence, whose valuation of what control of outer space means renders irrelevant the bookkeeping concerns of fiscal officers.” – Vice President Johnson

“It lays the predicate and foundation for the development of a weather satellite that will permit man to determine the world’s cloud layer and ultimately to control the weather; and he who controls the weather will control the world” – Vice President Johnson at Southwest Texas State University (1962)

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As the saying goes follow the money.

Dave

Yet Another US President Is Lying To Us About Yet Another Middle Eastern Country
May 9, 2018

Do you know who the single biggest donor was to any candidate in the 2016 presidential race?

Hillary Clinton’s massive $1.2 billion losing campaign budget might make you think that it was one of the many, many powerful influencers who were looking to get on her good side prior to her anticipated coronation, but it wasn’t. The largest donor to any campaign was oligarch Sheldon Adelson, who gave $25 million to the Trump campaign, and who in 2013 said that the US should drop a nuclear bomb on Iran.

After his election win, Adelson gave another $5 million to Trump’s inauguration, the largest single presidential inaugural donation ever made. Newt Gingrich, another of the billionaire’s hired politicians, has said that Adelson’s “central value” is Israel.

Last week Israeli Prime Minister Benjamin Netanyahu, another Adelson lackey, made an absurd and dishonest presentation arguing in favor of the termination of the Joint Comprehensive Plan of Action, also known as the Iran nuclear deal. Today, Trump pulled out of the nuclear deal and announced aggressive new sanctions against Iran, like a good little boy. Lobelog’s Eli Clifton has published an article on how two other pro-Israel, anti-Iran oligarchs, Bernard Marcus and Paul Singer, helped pave the way for this decision along with Adelson.

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Courtesy of Dave

Bill

Brussels Rises in Revolt Against Washington: a Turning Point in the US-European Relationship
May 19, 2018

The May 16-17 EU-Western Balkans summit did address the problems of integration, but it was eclipsed by another issue. The meeting turned out to be a landmark event that will go down in history as the day Europe united to openly defy the US. The EU will neither review the Iran nuclear deal (JPCOA) nor join the sanctions against Tehran that have been reintroduced and even intensified by America. Washington’s unilateral withdrawal from the JPCOA was the last straw, forcing the collapse of Western unity. The Europeans found themselves up against a wall. There is no point in discussing further integration or any other matter if the EU cannot protect its own members. But now it can.

President Trump has his own reasons to shred the Iran deal, but he needs Europe to strong-arm Tehran into signing a “better” agreement. Were it to do so, the US administration would make it look like a big victory. Washington does not shy away from threatening its allies with punitive measures but the EU is standing tall, deepening the rift. As European Council President Donald Tusk put it, “With friends like Trump, who needs enemies?” According to him, the US president has “rid Europe of all illusions.” Mr. Tusk wants Europe to “stick to our guns” against new US policies. Jean-Claude Juncker, the head of the EU Commission, believes that “Europe must take America’s place as global leader” because Washington has turned its back on its allies. Washington “no longer wants to cooperate.” It is turning away from friendly relations “with ferocity.” Mr. Juncker thinks the time is ripe for Europe “to replace the United States, which as an international actor has lost vigor.” It would have been unthinkable not long ago for a top EU official to say such things and challenge the US global leadership. Now the unthinkable has become reality.

More…

 

Courtesy of Dave

Bill

Political Pizza

. . .

Then, along came democracy. It was often created from the bottom up, by a people who were fed up at having their lives ruled by usurpers who allowed them few choices and limited opportunity.

But, in virtually every country, the system was co-opted by those who sought power. Not surprisingly, they sought power for their own gain, not the benefit of the people. (’Twas ever thus.)

Ironically, the democratic system has been far more effective for the rulers than the monarchic system. By creating the illusion that the people have a choice, the rulers and their flunkies can extract far more from the people, without inciting revolt, than was previously possible in the monarchic system.

More…

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Courtesy of Dave

Bill

EU to Switch from US Dollar to Euro on Oil Trades from Iran
May 18, 2018

May 18, 2018 “Information Clearing House” –  Iran, under a renewed threat of U.S. sanctions returning, two months ago decided to switch using the greenback as a currency in its imports and banned all traders from using USD. A directive came from the Ministry of Industry, Mine and Trade. Iran was being backed into a corner and was facing a situation of having has no access to dollar transactions because of the sanctions. Hence, it decided to remove that threat. Now instead of using banks, it has to use a network of foreign exchange bureaus and even gone the distance by saying it wants no transactions at all in USD.

This was quickly but quietly followed up with a Reuters report at the same time in March that China was now ready to start testing its new system and that regulators had asked a handful of financial institutions to prepare for pricing China’s crude imports in the yuan. Since the launch in May, the interest in the renminbi-backed oil contracts has steadily increased. Traded daily volumes hit a record 250,000 lots within two weeks and surprisingly the share of yuan contracts in global trading jumped to 12 percent from 8 percent just eight weeks earlier.

Then, an industry news source for the oil and gas industry reported on April 9th that Russia was considering replacing the U.S. dollar in crude oil payments on deals with Turkey and Iran, Energy Minister Alexander Novak said.

More…

 

Courtesy of Dave

Bill

Putin: ‘If Novichok Was Used, Skripal Would Have Died On The Spot’, Ex-Double Agent Leaves Hospital
May 18, 2018

Russian President Vladimir Putin says he was happy to hear that former double agent Sergei Skripal had been discharged from hospital, stressing that if a weapons-grade poison had been used, Skripal would have died on the spot.

Speaking at a joint press conference with visiting German Chancellor Angela Merkel, Putin said he had heard Skripal had been released from hospital.

“God give him health, we are very happy,” the Russian president said. He added, however, that he doubts a weapons-grade toxin was used to poison Sergei Skripal and his daughter Yulia in Salisbury, UK, in early March.

“I think that if, as our British colleagues claim, a weapons-grade poison had been used, that person would be dead on the spot. Combat chemicals are so strong that the person either dies immediately or within seconds, maybe minutes,” Putin said.

He also reiterated Russia’s willingness to help the investigation. “We have offered our British partners all the necessary help numerous times, and asked for access to the investigation. There has been no answer so far. Our offer remains on the table,” the Russian leader concluded.

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Posted by & filed under Jim's Mailbox.

J. Johnson’s latest. Courtesy of JB.

Bill

 

Good Morning,

 

The case of the Perplexing Call Options

 

Silver and Gold are still under pressure as we make it to the end of another frustrating week of manipulation with Gold at $1,287.60 down $1.80 with the usual “close to the low” in London’s price of $1,285.40. The high reached during our early morning is $1,290.50. Silver’s trade is at $16.445, down 3.6 cents with its low at $16.39 and currently 3.5 cents off the high. The US Dollar is what all this is about and its trade is at 93.49, up 11.5 points just off its London high of 93.545. This market wants to drop and hard but as long as we have our Working Group, they should be able to keep it going (until?).

The Open Interest in the delivery month for Silver (May contract) jumped to 176, this is an increase of 82 contracts totaling an additional 410,000 troy ounces added on top of the waiting list now making a total demand of 880,000 troy ounces, this does not include all the settled delivery notices from earlier. No need to worry about supply and demand issues forcing prices higher, that’s all been taken care of (very sick joke). Don’t be fooled, one day this will matter so much so, if one blinks, they may miss the first $30 of the rally. Open Interest in Comex Silver now stands at 199,453 contracts sometime in the early morning before 6am PST. This is a 705 contract drop from yesterday’s early quote as we see the entire week was a waste for any Silver and Gold Bull Market Rider.

When I look at the Silver options board I’m still perplexed as to why there are so many purchased Calls options out in July of next year. Sept 2018 Call options total 5,589, Dec 2018 has 26,406 Calls, March 2019 has 1,263, May 2019 has Zero (0), yet July has a total of 34,511 Call Options. This imbalance is something new to me and I still don’t see why it is this way unless these July 2019 Call options are “a way” out when Silvers price does explode (imo). The July 2019 Silver Call Options exceeds all main delivery month(s) Call Options by roughly 1,253 contracts and I am excluding July 2018 because they come off the board next month. If a group on “large” traders needed a way out of their “Short Calls”, this could be a sort of Calendar Spread approach towards an exit. All one would need to know is what price target would be set along with “when they decide to let it go” and the seller of these options (before 7/19) would be off the hook. Of course this is only 1 of a million different ways to see this, but at the same time, we’re dealing with a full blown manipulation in all things financial so, this too should be considered as a possible end game approach.

Bitcoin is trading at $8,106, down $196, Ethereum is trading at $683.54 down $23.55, and Litecoin is at $133.12 down $5.77. It seems everyone wants a chunk of crypto system with a couple of news articles being sent out like the Federal Reserve’s new name for their experiment by calling it the FedCoin (cashless dollar?). https://www.nytimes.com/2018/05/04/upshot/should-the-fed-create-fedcoin-to-rival-bitcoin-a-former-top-official-says-maybe.html .Of course this will be supported by the full faith and trust of the policy makers, so when they run into trouble, they can digitize more and more. The there’s Goldman’s idea called the Circle USD https://futurism.com/goldman-sachs-launched-new-cryptocurrency/. Nothing to worry about here LOLOLOL.

As if that all this wasn’t enough, we have this to chew on over the weekend;

IG Horowitz Finds FBI, DOJ Broke Law In Clinton Probe, Refers To Prosecutor For Criminal Charges

https://www.zerohedge.com/news/2018-05-17/inspector-general-finds-fbi-doj-broke-law-clinton-email-probe-refers-criminal.

Yet nothing can weaken the strength of the US Dollar, not even 15 months of criminal investigation into the highest levels of US politics can shake the Dollar from its lofty price, for now that is. One day all the politics and illegal actions will catch up to the value of the dollar regardless of all the support and when that happens, those of us that hold most of our wealth in physical precious metals will be rewarded in kind. Have a great day and weekend and as always … Stay Strong!

  1. Johnson

 

…here we are again! Courtesy of CIGA Werner.

Bill

 

 

 

 

 

 

 

 

 

 

CIGA Tom with an excellent point!

Bill

Less recycling if no surplus, right? If they need to sell bonds and we need to sell bonds, who’s going to buy the bonds? Venezuela? 🙂

CIGA Tom

 

Werner checks in with a picture of how undervalued gold is currently.

Bill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The smoking gun of who is backing Trump?

Dave

How Rothschild Inc. Saved Donald Trump
June 21, 2016

In the early 1980’s Donald Trump was an up and coming real estate developer in New York.  There was no connection between the Trump name and casinos or gambling.  The obvious nature of the name Trump and its definition related to gambling and card games foretold of the massive empire which would develop in the coming years.

In 1987 Donald Trump purchased his first casino interests when he acquired 93% of the shares in Resorts International.  Resorts International has a sordid history which began in the early 1950’s when it evolved from a CIA and Mossad front company which had been established for the purpose of money laundering the profits from drug trafficking, gambling, and other illegal activities.

The socioeconomic engineering benefits of mass population manipulation through means of drug addiction, gambling, and other vices, far outweigh those provided by money laundering alone. It can be assumed that money laundering acted as a secondary advantage in much the same way that the subjugation of the Chinese population through the spread of opium financially benefited the East India Trading Company centuries before.

On October 30, 1978, The Spotlight newspaper reported that the principle investors of Resorts International were Meyer Lansky, Tibor Rosenbaum, William Mellon Hitchcock, David Rockefeller, and one Baron Edmond de Rothschild.

Michael Collins Piper, in his book The New Jerusalem: Zionist Power in America has done an excellent job of describing the relationship between Donald Trump and Resorts International.  The following excerpt sums up the relationship:

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Posted by & filed under Jim's Mailbox.

Courtesy of JB. We have suggested this from the beginning, the current cryptocurrencies are a dry run for sovereign cryptocurrencies …but they will still need to have some sort of backing to have value.  Just because you can “account” for something does not change whether the subjest has real value or is simply air…

Bill

Should the Fed Create ‘FedCoin’ to Rival Bitcoin? A Former Top Official Says ‘Maybe’
May 4, 2018

Many enthusiasts of Bitcoin and other cryptocurrencies are motivated by deep skepticism of the central banks that control the world’s money supply.

But what if central banks themselves entered the game? What would happen if the Federal Reserve, or the European Central Bank or the Bank of Japan used blockchain technology to create their own virtual currencies? Besides, that is, having some cryptocurrency fans’ heads explode?

A former Fed governor — who was also a finalist to lead the central bank — thinks the idea deserves serious consideration.

“Most central banks have a view that these crypto-assets are clever, like guys in the garage did it and it’s kind of cool, or risky,” given the potential investor losses and widespread fraud, said Kevin Warsh, who was a governor at the Fed from 2006 to 2011 and was a top contender to become its chairman late last year when President Trump instead appointed Jerome Powell.

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Posted by & filed under Jim's Mailbox.

Correct Wolfgang, we will soon see “why” and the revelation that paper gold is only paper and has nothing to do with real physical gold will be revealed for all too horrifyingly see!

Bill

Jim/Bill,

“Blatant” is a good word.

“Nobody in their right mind would just all of the sudden have to sell 13,500+ contracts of gold, all at once, in one single minute, one hour before the market officially opens.

It’s disgusting really, and blatantly in our faces.”

Yup.

CIGA Wolfgang Rech

Gold Loses $1300 As Cartel Dumps $1.75-Billion Worth Of Paper Gold In One Single Minute
May 15, 2018

Using the unimpressive April Retail Sales Report as cover, the cartel has gone on an absolutely viscous pre-market attack. Here’s the details…

The April, 2018 Retail Sales Report hit the tape at 8:30 a.m. EST, and the cartel hit the sell button on gold.

Retail sales were unimpressive, with what we already know: Stagflation.

For example, sales at gasoline stations rose a whopping 11% in April.

Don’t think it’s because people all of the sudden had to try the newest Slushie flavor and load up on sunflower seeds & beef jerky.

That’s not why gasoline station sales are surging.

It’s because of diesel and gas prices.

More…

 

Courtesy of JB.

Jim

Russian Bank Helps Venezuela Defy US Sanctions On Cryptocurrency
May 15, 2018

The world’s first state-backed digital currency ‘el petro’ launched by Venezuela this year to circumvent US sanctions is reportedly getting help from a Russian bank.

According to Associated Press, Russia’s Evrofinance Mosnarbank has become the first international financial institution so far willing to back the petro after US authorities warned potential investors over related risks.

Investors who registered with Venezuela’s government and downloaded the petro’s wallet software were invited to buy the cryptocurrency by wiring a minimum of €1,000 to a Venezuelan government account at Evrofinance. The wallet software is available in Spanish, English and Russian.

More…

 

…and this is happening during “good times”?

Bill

Posted by & filed under Jim's Mailbox.

Assad: Why talk to Trump if he doesn’t control the US?

Dave

Assad: ‘The Deep State in The US is in Control, Not The President’
May 10, 2018

Meeting with Donald Trump would be pointless because the deep state – not the president – controls the US, Bashar Assad said in an interview. He noted that the agenda of the deep state is to create conflict aimed against Russia.

In an exclusive interview with Athens daily Kathimerini, Assad said there was no reason to meet face-to-face with Trump, since the US president “says something today, and does the opposite tomorrow,” and is likely not even being in control of policy decisions.

“[W]e don’t think the president of that regime is in control,” Assad told the paper, referring to Trump. “We all believe that the deep state, the real state, is in control, or is in control of every president, and that is nothing new. It has always been so in the United States, at least during the last 40 years, at least since Nixon, maybe before, but it’s becoming starker and starker, and the starkest case is Trump.”

Assad also dismissed the possibility of a third world war breaking out in Syria, telling the Greek newspaper that Moscow’s levelheadedness has so far prevented a catastrophic escalation – even as the US aims to expand the conflict. Asked directly if he was concerned about the possibility of a third world war, Assad replied:”No, for one reason: Because fortunately, you have a wise leadership in Russia, and they know that the agenda of the deep state in the United States is to create a conflict. Since Trump’s campaign, the main agenda was against Russia, create a conflict with Russia, humiliate Russia, undermine Russia, and so on,” the Syrian president said.

More…