Posts Categorized: Jim’s Mailbox

Posted by & filed under Jim's Mailbox.

Right you are Wolfgang!

Bill

Jim/Bill,

Words from the past come back to remind us of our rights….lest we forget.

The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government – lest it come to dominate our lives and interests.”
-Patrck Henry

When the people fear their government, there is tyranny; when the government fears the people, there is liberty.”

-Thomas Jefferson

Who is restraining who in today’s world?

Who fears who in today’s world?

CIGA Wolfgang Rech

France Threatens Journalists With Jail Time For Exposing Government Lies About Yemen
May 22, 2019

Via Middle East Eye,

France has threatened three French journalists with potential jail time for using secret documents to reveal the country’s involvement in the Yemen civil war.

In a series of reports published in April, investigative journalists from Disclose and Radio France revealed the number of French arms sold to Saudi Arabia and the United Arab Emirates.

The documents, authored by France’s Directorate of Military Intelligence (DSGI), showed that senior French officials had lied about the role of French weapons in the Yemen War.

Following the publication of the reports in April, Disclose’s co-founders Geoffrey Livolsi and Mathias Destal and Radio France journalist Benoît Collombat were asked to attend a hearing at the DSGI headquarters in Paris.

The three journalists refused to reveal their sources after being questioned by the DSGI on the origin of the document, their work and posts on Facebook and Twitter.

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Jim/Bill,

This is dove tails with Wolfgang’s post.

Dave

Vicious Cycle: The Pentagon Creates Tech Giants and Then Buys their Services
May 22, 2019

by T.J. COLES

The US Department of Defense’s bloated budget, along with CIA venture capital, helped to create tech giants, including Amazon, Apple, Facebook, Google and PayPal. The government then contracts those companies to help its military and intelligence operations. In doing so, it makes the tech giants even bigger.

In recent years, the traditional banking, energy and industrial Fortune 500 companies have been losing ground to tech giants like Apple and Facebook. But the technology on which they rely emerged from the taxpayer-funded research and development of bygone decades. The internet started as ARPANET, an invention of Honeywell-Raytheon working under a Department of Defense (DoD) contract. The same satellites that enable modern internet communications also enable US jets to bomb their enemies, as does the GPS that enables online retailers to deliver products with pinpoint accuracy. Apple’s touchscreen technology originated as a US Air Force tool. The same drones that record breath-taking video are modified versions of Reapers and Predators.

Tax-funded DoD research is the backbone of the modern, hi-tech economy. But these technologies are dual-use. The companies that many of us take for granted–including Amazon, Apple, Facebook, Google, Microsoft and PayPal–are connected indirectly and sometimes very directly to the US military-intelligence complex.

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Jim,

The New York Times is called out by Peter Koenig.

Dave

Venezuela In “Misery” – Lies And Deceit By The Media Open Letter To The New York Times
May 19, 2019

Note by The Saker: I normally don’t post open letters, but in this case I made an exception since this latter is also an analysis and because of the importance of this issue.

by Peter Koenig for The Saker Blog

To the Editor in CHIEF

NYT – 18 May 2019

Venezuela’s Collapse Is the Worst Outside of War in Decades, Economists Say

Subtitle:

Butchers have stopped selling meat cuts in favor of offal, fat shavings and cow hooves, the only animal protein many of their customers can afford.

This introduction is accompanied by a picture of a man in rags, pushing a shopping cart through a garbage dump site. You, NYT, say it is in Maracaibo, Venezuela, the man looking for recyclables. The photo could be from anywhere, the same with a picture further down in the text – depicting a young woman nursing a baby in the dark – you say in a typical Venezuelan blackout.

This is a flagrant misrepresentation of what’s going on in Venezuela.

The New York Times is known for selecting photos from places of misery, could be slums from anywhere in the world, and placing them where it is most convenient to propagate a lie story – a story meant to demean a country in the public opinion, a country that the empire wants to subdue by bashing and insulting it – so the public – the braindead western public, notably in the US and Europe, will tolerate or even scream for a “humanitarian invasion” from the friendly US of A.

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Jim,

How many times can the USA get away with bombing a country based on lies?

Dave

Further Evidence US Attacked Syria Based on False Flag
May 19, 2019

By Tony Cartalucci “Information Clearing House” –   Further evidence has emerged indicating that the alleged 2018 Douma, Syria chemical attack was staged by US-backed militants, not the Syrian government.

With the US plotting war from South America to the South China Sea, understanding how US-backed militants staged the attack, allowing the Western media to sell US military intervention to the global public based on a lie – will help guard against similarly staged attacks in the near future.

Recent revelations mean the US not only falsely accused Damascus of having carried out the attack – but launched military strikes against Syria based on an entirely false pretext. To date, the US has categorically failed to produce any convincing evidence backing their original claims.

Conversely, a subsequent investigation carried out by the Organisation for the Prohibition of Chemical Weapons (OPCW) produced damning evidence suggesting a false flag event was carried out by US-backed militants. This included a chlorine gas cylinder found in a militant weapons workshop inspected by OPCW investigators closely matching the two cylinders allegedly used in the 2018 Douma attack itself.

While US-backed militants insisted two gas cylinders were dropped on Douma by government helicopters, the OPCW noted that the alleged craters caused by the cylinders’ impact matched those on nearby buildings clearly caused by high-explosive ordnance.

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Jim/Bill,

Interesting how things are evolving on the foreign policy front.

As we noted previously, the reason for the dramatic market response is that the presidential visit flags policy priorities, and “rare earths have featured in the escalating trade spat between the U.S. and China.” 

We have witnessed, over the past years, the threats by the U.S. imposed upon foreign corporations and governments in terms of the Dollar.

“Do not go along with our self serving foreign policies and ideological beliefs and you will be banned from trading with us, from US Dollar transfers via SWIFT, and from even getting your gold back that’s in storage and safekeeping within our borders.

Well, the implications of such acts are far reaching and enormous.  No longer will the world trust us to honor commitments in international trade, finance, and safety.

There will be a point when alternative suppliers will be sought out and relied upon to the exclusion of U.S. counterparts.

There will be to turning back.

CIGA Wolfgang Rech

Rare-Earth Stocks All Soar “Limit Up” After Xi’s Threat
May 21, 2019

Chinese rare-earth stocks soared overnight for a second day following the implicit trade restrictions (export ban?) threat signaled by Xi Jinping’s visit to JL Mag, a material producer in Jiangxi province.

As Bloomberg notes, China Northern Rare Earth, Shenghe Resources, China Minmetals Rare Earth, and JL MAG Rare-Earth all spiked by the 10% daily limit in mainland trading, extending Monday’s similar gains…

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Posted by & filed under Jim's Mailbox.

People don’t realize that they are voluntarily giving up cash for digital. The less cash in circulation, the easier it will be for TPTB to make us go cashless. If we want to remain autonymous and without transaction records, we need to keep cash in circulation as long as possible. Everything else except for PMs are traceable, trackable and taxable. We all need to be using more cash, not less.

Jim

Jim/Bill,

The number of cash machines around the world fell last year as usage of paper money and coins continues to decline.

I can’t help but believe this is what the government wants.

Nobody really has cash anymore.  And by that, I mean money. We’ve all read articles how the current generation is living paycheck to paycheck and can’t afford to purchase homes anymore.

So, to keep the economy’s head above water, we corral the herd of Millennials, and everyone for that matter, into credit cards and subsequent debt overload.   Just to keep them buying….stuff.

But eventually, it will all come home to roost one day.

CIGA Wolfgang Rech

Number Of ATMs Falls Globally As Cash Continues To Die
May 20, 2019

The number of cash machines around the world fell last year as usage of paper money and coins continues to decline.

New research by banking consultancy RBR claims that the number of ATMs (automated teller machines) declined by 1% to 3.24m in 2018.

The fall comes amid declining usage of cash in developed markets globally. Sweden has already gone cashless and only 30% of transactions in the UK use cash today. Consumer group Which? said this month that the number of free cash machines in the UK declined by 1,700 in the first three months of the year.

Four of the world’s five biggest markets for cash machines registered a drop in numbers last year, RBR said. The number of ATMs fell in China, the USA, Japan, and Brazil.

“While the outcome was the same, each of these markets had its own reasons for the removal of ATMs,” RBR said. “In China, the swift adoption of non-cash payments has contributed to a similarly rapid fall in ATM installations. Branch closures have led to fewer bank ATMs in the USA.”

Growth in the number of ATMs in India, the fifth biggest market, slowed. Between them, China, the USA, Japan, Brazil, and India are home to over half of the world’s ATMs.

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Jim/Bill,

Not for anything, but it’s the concept that bothers me.

Promising to pay the holder in silver, then reneging.

A silver certificate dollar bill is a former circulation of paper currency that allowed for the direct exchange of silver.

Certificates were issued in place of the silver dollars because of the weight of the coins.

In 1963, the House of Representatives passed PL88-36, repealing the Silver Purchase Act and instructing on the retirement of $1 silver certificates. The act was predicated by a prospective shortage of silver bullion

Investors of silver were naturally upset at the passing of this law, which rendered their holdings worthless.

Never, ever trust anyone. Not even the government.

 

 

 

 

 

First they convince you that the paper promises are as good as silver…simply easier to carry around.

Then they say…Sorry Charlie.

CIGA Wolfgang Rech

What Is a Silver Certificate Dollar Bill Worth Today? (SLW, SVM)
May 20, 2019

A silver certificate dollar bill is representative of a unique piece of history. It no longer carries any monetary value as an exchange for silver, yet collectors still seek out the print. Its history dates back to the 1860s, and the certificate is a unique historical artifact representing a time period when the monetary structure of the United States was changing.

Silver-Certificate Dollar Bill

A silver certificate dollar bill is a former circulation of paper currency that allowed for the direct exchange of silver. This representative money allowed for the redemption of silver coins or raw bullion equal to the certificate’s face value. The certificate was used to back U.S. paper currency systems during the 1800s and 1900s. Other countries to have issued silver certificates include Cuba and the Netherlands.

Old Silver Dollar Certificates

The U.S. government began issuing silver certificate dollars in 1878. The certificates were initially issued in response to the Fourth Coinage Act of 1873. Enacted by the 42nd United States Congress, the act abolished the rights of holders of silver bullion to have their holdings converted into legal-tender dollars, ending bimetallism and effectively placing the United States on the gold standard. In 1874, the legal-tender status for silver certificates was removed for debts exceeding $5.

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Posted by & filed under Jim's Mailbox.

If this is for real it is the start of a trend we have all hoped for. Slowing down the Process to Perdition is meaningful.

Jim

I don’t see this really helping too much…what needs to be done is restrict HFT from holding lion shares of anything.

JB

Futures Exchange To Introduce Gold, Silver “Speed Bump” To End HFT Manipulation
May 17, 2019

No sooner had we covered the battle of high frequency traders physically moving infrastructure and microwave towers to gain nanosecond advantages, that we learned that Intercontinental Exchange (ICE) has planned on launching the first ever “speed bump” for the US futures market that would negate some of these advantages. Despite two of the CFTC’s five commissioners disagreeing with the decision, the exchange still looks set to impose a split second delay on some trades, according to the Wall Street Journal.

Those not in favor of the decision claim that the “speed bump” would unfairly punish firms that rely on their speed advantage. Those in favor, say that it’s about time someone did something to stop the HFTs from frontrunning everyone in the futures market. Which is also why some of the largest high frequency trading firms are vocally opposed to the plan.

As part of the proposed speed bump, the ICE is looking to introduce a 3 millisecond pause before executing some trades in its gold and silver futures contracts. Trading in those contracts is relatively tiny, as most gold and silver futures trades take place at the CME Group. However, traders have been watching this decision because of the precedent it could set.

The CFTC had a chance to block the proposal within 90 days, but that period ended on Tuesday. Now, ICE is free to do as it pleases. The CFTC’s Division of Market Oversight said it’s going to watch carefully to analyze the impact of the new “speed bump” saying it “does not view the certification of the ICE Rule as establishing a precedent with respect to the legal and policy merits of speed bump functionalities generally.”

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Jim,

I bring this point up many times in our Saturday talks.

Dave

“Cultural Schizophrenia”: US Media No Longer Reports Facts, But Appeals To Emotions
May 17, 2019

Authored by Mac Slavo via SHTFplan.com,

The mainstream media in the United States has made a shift in the past few decades.  Now, they appeal to emotions as opposed to reporting the facts. This “cultural schizophrenia” is tearing the U.S. apart at the seams.

Based on the conclusions to a RAND Corporation study, the mainstream media is actively sowing discord in American society, award-winning journalist Chris Hedges tells RT. The media is focusing on making two sides hate each other instead of reporting on the facts, and the majority of the public is unaware and doesn’t care that their minds are being manipulated by their own emotional responses.

The study, which was released by RAND earlier this week, states that between 1987 and 2017, news content has shifted from event- and context-based reporting to coverage that is “more subjective, relies more heavily on argumentation and advocacy, and includes more emotional appeals.” According to RT,  prime-time cable news shows and online journalism lead the way in this shift to emotional and hate-based rhetoric. It has been noticed in print journalism as well, the government-funded think tank concluded.

This is contributing to what RAND termed “Truth Decay.” This is described as a shift away from facts and analysis in public discourse.

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Courtsey of Dave.

Jim

What Putin And Pompeo Did Not Talk About
May 15, 2019

by Pepe Escobar : Posted with permission

Russia is uneasy over the destabilization of Tehran, and on other hotspots the powers’ positions are clear.

Even veiled by thick layers of diplomatic fog, the overlapping meetings in Sochi between US Secretary of State Mike Pompeo and President Putin and Foreign Minister Sergey Lavrov still offer tantalizing geopolitical nuggets.

Russian presidential aide Yury Ushakov did his best to smooth the utterly intractable, admitting there was “no breakthrough yet” during the talks but at least the US “demonstrated a constructive approach.”

Putin told Pompeo that after his 90-minute phone call with Trump, initiated by the White House, and described by Ushakov as “very good,” the Russian president “got the impression that the [US] president was inclined to re-establish Russian-American relations and contacts to resolve together the issues that are of mutual interest to us.”

That would imply a Russiagate closure. Putin told Pompeo, in no uncertain terms, that Moscow never interfered in the US elections, and that the Mueller report proved that there was no connection between the Kremlin and the Trump campaign.

This adds to the fact Russiagate has been consistently debunked by the best independent American investigators such as the VIPS group.

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Posted by & filed under Jim's Mailbox.

Jim,

As I have said many times, if you get your news from MSM you are being mislead.

Dave

US Press Reaches All-Time Low On Venezuela Coverage
May 14, 2019

Authored by Daniel Kovalik via Counterpunch.org,

As famed Latin American author Eduardo Galeano once wrote, “every time the US ‘saves’ a country, it converts it into either an insane asylum or a cemetery.” Of course, as we look over the wreckage left by the US in countries such as Iraq, Afghanistan, Libya, Somalia, Syria, El Salvador, Guatemala and Honduras, we see that this statement is demonstrably true. And yet, now that the US is poised for another intervention, this time in Venezuela, the press is right there again to cheer it along.

Analyzing 76 total press articles of the “elite” press from January 15 to April 15, 2019, Fairness & Accuracy In Reporting (FAIR) could find not one voice that opposed Trump’s regime plans in Venezuela. Meanwhile, 54 percent openly supported these plans.  Of course, this should not be all too surprising given the press’s usual complicity in past US war efforts — e.g., by pushing such war lies as the Gulf of Tonkin, the killing of babies in Kuwait, the WMDS of Iraq and the alleged Viagra-fueled rapes in Libya.  The current war lies are coming fast and furious from such outlets as CNN which lied about seeing Maduro forces lighting aid containers on fire at the Colombian border (it was in fact opposition forces which did so as the NYT admitted two weeks later), and which claimed that US puppet Juan Guaido actually won the presidential election against Nicolas Maduro when in fact Guaido never even ran for president.

What is quite stunning, however, is the total unanimity of the press in uncritically covering and supporting the ongoing coup in Venezuela. This is baffling because the same press outlets which have been rightly critical of Trump for all of his stupidity, lying and meanness, have suddenly found him brilliant, true and benevolent when it comes to Venezuela. This is particularly remarkable given that his partners in this crime are Neo-Con John Bolton; former CIA Director Mike Pompeo who recently joked that the CIA’s true motto is “We lied, We Cheated, We Stole”; and convicted liar Elliott Abrams.  As for Abrams, he is infamous for his role in the illegal funding of the Nicaraguan Contras; his covering up of the El Mazote massacre in El Salvador in which around 1000 civilians, mostly women and children, were killed by US-backed forces; and his aiding and abetting the US-backed genocide in Guatemala.

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Jim,

MSM doing what it does best, misleading the public.

Dave

Leaked Document Pokes More Holes In Establishment Syria Narrative
May 14, 2019

Authored by Caitlin Johnstone via Medium.com,

“It is hard to overstate the significance of this revelation,” tweets former British MP George Galloway of a new report by the Working Group on Syria, Propaganda and Media (WGSPM).

“The war-machine has now been caught red-handed in a staged chemical weapons attack for the purposes of deceiving our democracies into what could have turned into a full-scale war amongst the great-powers.”

 

 

 

 

 

 

 

 

“An important #Douma #Syria ‘Assad chemical weapon attack’ development and yet more evidence to suggest the ‘attack’ was staged, as it’s now revealed that @OPCW suppressed expert engineers report that found the cylinders were likely not dropped from the air,” tweets former Scotland Yard detective and counterterrorism intelligence officer Charles Shoebridge.

“The engineering assessment confirms our earlier conclusion,” the excellent Moon of Alabama blog writes.

“The whole scene as depicted by ‘rebels’ and propaganda organs was staged. The more than 34 dead on the scene were murdered elsewhere under unknown circumstances.”

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Jim,

5G info.

Dave

Children And EMFs: What You Need To Know
April 24, 2019

Children are far more vulnerable to the damaging effects of electromagnetic fields than we are. Your child’s brain absorbs two to three times as many EMFs as yours, and sources of exposure are everywhere. What can you do?

Is your child’s favorite pastime screen time? Are you concerned about how much cumulative exposure your kids have to electromagnetic radiation at home and at school from computers, cell phones, tablets, electronic toys, cell towers, power lines and the like?

If not, you should be!

Children are more vulnerable than adults to the effects of EMF (electromagnetic frequencies or fields) for a number of reasons, and most are submerged in an electrosmog soup all day, every day. What are the risks?

Very few human studies have focused specifically on cell phone towers and cancer risk, but the latest studies about cell phones and brain cancer are very disturbing.

In 2016, the National Toxicology Program released the results from the largest cell phone study ever performed showing an undeniable association between nonionizing radiation and cancer. Rats exposed to the frequency of radiation emitted by cell phones developed two kinds of tumors: gliomas in the brain and schwannomas in the heart. These results align with several observational studies finding links to the same types of tumors in humans – plus acoustic neuromas and meningiomas.

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Jim/Bill,

We said from day one a trade war was not a good idea.

Dave

China Calls For “People’s War” Against The US, Vows To “Fight For A New World”
May 15, 2019

While market mood has shifted diametrically from yesterday, with stocks sharply higher on Tuesday following what has widely been interpreted as conciliatory comments from both president Trump and various members of China’s ruling elite, one would be hard pressed to find any de-escalation amid the Chinese press commentaries written in the aftermath of the latest escalation in trade war between the US and China.

In a series of editorials and op-ed articles published Monday and Tuesday, Chinese state media slammed what it labeled the Trump administration’s “greed and arrogance”, called for a “people’s war” targeting the US “with precision” as China begins a “fight for a new world.”

“The most important thing is that in the China-US trade war, the US side fights for greed and arrogance … and morale will break at any point. The Chinese side is fighting back to protect its legitimate interests,” the nationalist, state-owned Global Times tabloid wrote.

Urging indirect boycott of US goods and services, the editorial slammed Trump and suggested a nation-wide uprising against the US aggression: “The trade war in the US is the creation of one person and one administration, but it affects that country’s entire population. In China, the entire country and all its people are being threatened. For us, this is a real ‘people’s war.'” Whether this means a renewed collapse in Chinese iPhone sales remains to be seen – for confirmation, watch for a new guidance cut from Apple in the coming days.

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Jim/Bill,

Denny brought this up on Saturday and we have said all along Americans are not being told the truth by MSM about the need to hold Gold.

Dave

The Vast Gold Hoards Held By Germany’s Population
April 28, 2019

Submitted by Ronan Manly, BullionStar.com

While the Chinese and Indian populations are well known for their insatiable appetite for importing, buying and hoarding physical gold, there is one market in the West that does likewise but which flies under the radar slightly, garnering less attention than China and India. That gold market is Germany.

Although German citizens are known for their fondness for holding gold, the vast size of the German population’s gold holdings was clarified recently in a newly published survey commissioned by Reisebank, a bank active in the German precious metals market.

The survey, conducted by the Research Center for Financial Services (CFIN) on behalf of Reisebank, found that German adults currently own a staggering 8918 tonnes of gold, worth about € 330 billion at current Euro gold prices. Note, this figure is gold held by private citizens in Germany and does not include the gold reserves of the German central bank, the Bundesbank, which amount to an additional 3370 tonnes.

Germans hold 4925 tonnes of gold bars and gold coins

Of the 8918 tonnes of gold held by the German population, CFIN data says that 4925 tonnes (or 55% of the total) is held in the form of physical gold bars and gold coins, with 3993 tonnes held in the form of gold jewellery.

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Gold, Gold, Gold!

JB

Central Banks Are Buying Gold At The Fastest Pace In Six Years
May 15, 2019

Authored by Simon Black via SoveriegnMan.com,

Earlier this month the World Gold Council published its quarterly report– and it shows that central banks and foreign governments from around the world are buying up gold at their fastest pace in six years.

This is pretty big news, and it says a LOT about the future of the dollar.

Remember, central banks and foreign governments hold literally TRILLIONS of dollars of reserves… and traditionally they do this by buying US government debt.

It sounds strange, but to big institutions, banks, etc., US government debt is equivalent to cash. They use it as a form of money.

More importantly, they hold US dollars because that’s the global standard: the US dollar has been the world’s primary international reserve currency for seventy five years.

So US debt is extremely liquid. In fact, the $22 trillion US debt market is the biggest and most liquid market in the world.

But foreign governments have started breaking with the tradition of buying treasuries.

As the World Gold Council’s report showed us, foreign governments and central banks have been buying a LOT more gold than in previous years.

Net gold purchases in Q1/2019 among foreign governments and central banks was nearly 70% greater than Q1/2018… and the highest rate of first quarter purchases in six years.

The Chinese in particular, have been stockpiling gold faster than ever, while at the same time, Chinese ownership of US treasuries as a percentage of total holdings has been gradually declining over the past years.

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Posted by & filed under Jim's Mailbox.

Jim,

This is what the public needs to know. I can only hope they watch and learn.

Dave

Video: 5G Apocalypse, The Imminent Dangers
May 10, 2019

What is 5G? We need to know the dangers of this technology.

A full length documentary by Sacha Stone exposing the 5G existential threat to humanity in a way we never imagined possible!

Scientists, environmental groups, medical doctors and citizens around the world are appealing to all governments to halt telecommunications companies’ deployment of 5G (fifth generation) wireless networks, which they call “an experiment on humanity and the environment that is defined as a crime under international law.”

Watch the video below.

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Jim,

On the weekly talks we have warned a false flag operation could lead to war.

Dave

US Accuses Iran Of Attack On Saudi Tankers
May 14, 2019

Update: Just as everyone with half a frontal lobe had expected, the WSJ reported late on Monday that according to an initial U.S. assessment, “Iran was likely behind the attack” on the two Saudi Arabian oil tankers and two other vessels damaged over the weekend near the Strait of Hormuz, a U.S. official said, a finding that, whether confirmed or not, will certainly inflame military tensions in the Gulf and likely result in a global proxy war that drags in the US, China and Russia. Oh, and that would be the Persian Gulf for those wondering, not the Gulf of Tonkin, which is where another famous False Flag naval incident occurred.

Furthermore, as we predicted would happen on Sunday, this “official assessment”, was the first suggestion by any nation that Iran was responsible for the attack and follows a series of U.S. warnings against “aggression” by Iran or its allies and proxies against military or commercial vessels in the region.  Some more details from the WSJ:

The U.S. official, who declined to be identified, didn’t offer details about what led to the assessment or its implications for a possible U.S. response. The U.S. has said in the past week that it was sending an aircraft carrier, an amphibious assault ship, a bomber task force and an antimissile system to the region after it alleged intelligence showed Iran posed a threat to its troops.

“If they do anything, they will suffer greatly. We’ll see what happens with Iran,” President Trump said while meeting with Hungary’s Prime Minister Viktor Orban at the White House earlier on Monday.

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Posted by & filed under Jim's Mailbox.

The author may be anonymous but the numbers are correct.  …COMEX is used to price gold and silver by the brute force of paper.  This game will change overnight when it does!

Bill

Bill/Jim,

Tens of millions of virtual gold ounces, or hundreds of virtual gold tons are traded per day on the Comex, with a purported physical delivery component to them

Yet, not one single ounce has moved inside the 9 separate dealer vaults in about a week. These vaults purportedly hold 7.7 Million ounces of gold, but not one single ounce has moved in about a week (makes sense right).

Today, about 600 tons of purported virtual gold futures were traded, yet the dealers have barely 6 tons in the dealer vaults.

The COT report indicates that the Commercials (“Dealers”) currently have a net short position of 312 virtual gold tons and a gross short position of 1,018 virtual gold tons.

2 of the 9 dealer vaults have not one ounce of dealer gold!

6 of the 9 dealer vaults have not one ton of dealer gold!

Yet, the Comex is the world’s foremost price discovery mechanism for the physical gold price.

Wonderful!

-Anonymous

 

But I thought unemployment was the lowest it’s been since 1969???

Bill

Bill/Jim,

Subject: 102.047 million working age Americans did not have a job in April up 259K from March or 49% of potential working age Americans | FRED

96.223 million working age Americans Not in labor force for April  https://fred.stlouisfed.org/series/LNS15000000

+ 5.824 million working age Americans unemployed for April https://fred.stlouisfed.org/series/UNEMPLOY (when you no longer receive unemployment compensation you are moved to the not in labor force category even though you still don’t have a job and are no longer counted as being unemployed.)

102.047 million working age Americans for April without a job up 259,000 from March.

/ 206.354 million potential working age Americans for April https://fred.stlouisfed.org/series/LFWA64TTUSM647S#0

49% of working age Americans for April without a job.