Posted at 3:57 PM (CST) by & filed under Trader Dan Norcini.

Dear Friends,

Today’s comments will be brief as we are in full holiday mode trading and that generally means that most action must be treated with a bit of skepticism since so many large players are out and liquidity tends to shrink resulting in exaggerated moves.

Gold found buying support overnight which continued into today’s session as the dollar gave up its gain from last Friday. Many markets were mixed today with neither bulls or bears able to gain much of an edge and trading resolving into a grab bag for locals who absolutely LOVE this time of year. They jerk the markets around in whatever direction the paper flow provides and seek to push prices into stops to allow for some quick profits. Failing that, they play a range trade and basically scalp the market. Gotta do something to pay the bills…

Technically gold looks like it might have found a short term trading range before Christmas that it feels content to bounce around in. Unless we get some sort of geopolitical event or wild move in the Forex arena, the probabilities favor more of this chop. Next week should probably see the same sort of thing as well. I prefer to see the technical price action in the first full week of trading after the New Year begins to get a better feel of where the market wants to go. By then you have a full complement of players back and more volume to work with.

Resistance at the top of the range is near $850; support is near the bottom of the range at $830.

Open interest indicates the slide late last week was indeed caused by short-term oriented longs bailing out.

December deliveries continue with another 60 being assigned this morning. The total for the month so far has been 13,266 or 1.327 million ounces. There still remain 326 contracts open in December gold.

The HUI and XAU are more interested in following the broader equity markets this AM which are down, rather than following gold which is up. The HUI still looks okay technically but the recent price action shows upside momentum has stalled out for now. Price will have to take out 300 and stay there to get the momentum players interested in buying again although the value based guys will be watching for a support level to form to give them confidence to step in on a dip.  They buy dips – momentum guys buy anything that moves and buy it at any point – they don’t give a hoot about anything else.

The February crude oil contract is now the focus after the foray by the January into the “3” handle region. Feb was reluctant to move lower after OPEC announced their production cuts but today it seems to be focusing back on the weak demand as prices slide down almost $2.00 at one point. If it takes out $40 to the downside, it will promptly be at $35 in a heartbeat. Wholesale gasoline prices at the board were down to .935 at one point today as they continue to slide lower – one of the few bright spots in the economy for the consumer.

Bonds still refuse to move significantly lower as dip buyers come in time after time on the least bit of weakness. The yield on the Ten year is 2.14% as I pen this.

I don’t know about you but I sure am glad we have all this global warming to deal with. Wind chill readings would probably be closer to minus 50 degrees instead of the current minus 40 degrees that we are getting in Chicago… Instead of 4 feet of snow in Spokane, we would probably be seeing 5 feet!  I want to therefore personally thank all you folks out there who are doing your fair share to aid in enlarging the size of your carbon footprint. Those of us who do not like the Siberian winters are most grateful for your efforts to keep us snug as a bug in a rug.

Click chart to enlarge today’s action in Gold as of 12:30pm CDT with commentary from Trader Dan Norcini

December2208Gold1230pmCDT

Posted at 2:27 PM (CST) by & filed under Jim's Mailbox.

Jim,

I thought this might interest you. Very depressing to think of but like they say, forewarned is forearmed.

CIGA Daniel

Dear CIGA Dan,

Forewarned is forearmed is only true if you visit your local gun store, live on a farm in North Western Connecticut or have a home in the right two places in Africa.

Jim

‘Ariz. police say they are prepared as War College warns military must prep for unrest; IMF warns of economic riots’
Phoenix Business Journal

A new report by the U.S. Army War College talks about the possibility of Pentagon resources and troops being used should the economic crisis lead to civil unrest, such as protests against businesses and government or runs on beleaguered banks.

“Widespread civil violence inside the United States would force the defense establishment to reorient priorities in extremes to defend basic domestic order and human security,” said the War College report.

The study says economic collapse, terrorism and loss of legal order are among possible domestic shocks that might require military action within the U.S.

International Monetary Fund Managing Director Dominique Strauss-Kahn warned Wednesday of economy-related riots and unrest in various global markets if the financial crisis is not addressed and lower-income households are hurt by credit constraints and rising unemployment.

More…

Protectionist dominoes are beginning to tumble across the world
The riots have begun. Civil protest is breaking out in cities across Russia, China, and beyond.
By Ambrose Evans-Pritchard
Last Updated: 11:37AM GMT 21 Dec 2008

Greece has been in turmoil for 11 days. The mood seems to have turned "pre-insurrectionary" in parts of Athens – to borrow from the Marxist handbook.

This is a foretaste of what the world may face as the "crisis of capitalism" – another Marxist phase making a comeback – starts to turn two hundred million lives upside down.

We are advancing to the political stage of this global train wreck. Regimes are being tested. Those relying on perma-boom to mask a lack of democratic or ancestral legitimacy may try to gain time by the usual methods: trade barriers, saber-rattling, and barbed wire.

Dominique Strauss-Kahn, the head of the International Monetary Fund, is worried enough to ditch a half-century of IMF orthodoxy, calling for a fiscal boost worth 2pc of world GDP to "prevent global depression".

"If we are not able to do that, then social unrest may happen in many countries, including advanced economies. We are facing an unprecedented decline in output. All around the planet, the people have reacted with feelings going from surprise to anger, and from anger to fear," he said.

More…

Posted at 2:17 PM (CST) by & filed under In The News.

"During times of universal deceit, telling the truth becomes a revolutionary act"
— Orwell

Dear CIGAs,

I am Outraged. This is simply too much. This is too far over the top and too much to bear. These sub humans should be throttled and locked up, not coddled.

You or I go bust and the attitude is the same as if we were Motors. Go belly up you jerks. Let them eat cake!

In fact in today’s market the US Fed and US treasury seem to almost enjoy watching the hedge funds break the law, resulting in the killing pensioners trying to protect themselves against the result of all this.

In today’s world the first rule of success is to donate $1,000,000 to both parties

The damned killer hedge funds blow up and look at who seeks them out to bail them out!

This is madness, preferential treatment and downright rotten to the core. I am outraged.

Why are you not?

Hedge funds gain access to $200bn Fed aid
Krishna Guha in Washington
Published: December 20 2008 05:01

Hedge funds will be allowed to borrow from the Federal Reserve for the first time under a landmark $200bn programme intended to support consumer credit.

The Fed said on Friday it would offer low-cost three-year funding to any US company investing in securitised consumer loans under the Term Asset-backed Securities Loan Facility (TALF). This includes hedge funds, which have never been able to borrow from the US central bank before, although the Fed may not permit hedge funds to use offshore vehicles to conduct the transactions.

The asset-backed securities to be funded under the programme are pools of credit card receivables, automobile loans and student loans.

The idea is to increase the supply of these loans and reduce borrowing rates by ensuring that the companies that make the loans can sell them on to investors who have guaranteed access to low-cost funding from the Fed.

The TALF is a key plank of the unorthodox strategy set out by the Fed last week as it cut interest rates virtually to zero. Washington insiders expect the programme will be dramatically expanded next year with further capital support from Treasury once the Obama administration takes office.

More…

 

Jim Sinclair’s Commentary

US Intelligence Advisor James Rickards is a person who demands our respect.

Because of the enormous nature of this financial event, being ignored by most, I have to agree with him.

Four really, really bad scenarios
By EAMON JAVERS | 12/17/08 4:39 AM EST

What’s the worst that could happen?

That’s a question that James Rickards spends a lot of time pondering these days, as he sifts through the national security implications of the financial crisis facing the United States.

Rickards will lay out his worst case scenarios in a lecture sponsored by the Navy and the Office of the Secretary of Defense for Policy tonight. And his forecasts aren’t for the faint of heart.

Rickards calls it the “A to Z” problem: What are the threats that could make the U.S. economy look less like America and more like Zimbabwe? He sees them everywhere – in the Chinese ownership of vast amounts of American debt, in Russia’s increased centralization of its economy, in Al Qaeda’s long-established fascination with damaging the U.S. economy.

In many ways, Rickards is the ultimate bear. He’s not just thinking about whether the stock market will decline, but whether or not the stock market will survive.

All that puts Rickards decidedly outside mainstream economic and political thinking in America. But he does have an influential audience: the United States intelligence and defense communities.

More…

 

Jim Sinclair’s Commentary

Why not? Everybody else has them.

The highest probability is that Pakistan lights up the whole area. We must not prevent our dear friends, the Saudis from playing the boom game.

The safest place on the planet is sub-Kenya Africa (not Rhodesia). How is that for a turn of events?

Report: Saudis seek nuclear weapons
Mon, 22 Dec 2008 11:07:05 GMT

Saudi Arabia has sought Pakistan’s help as part of its long-term plan to attain nuclear weapons for regional dominance, says a report.

"Reports have circulated for years that the Saudis have pursued a secret nuclear program with help from Pakistan, though the Saudis deny this," said a Wall Street Journal article titled ‘A Middle East Arms Race’.

For years now, media outlets have alleged that Saudi officials are interested in nuclear proliferation, citing comments by former Saudi diplomat Mohammed Khilewi — who defected to the US in 1994.

Khilewi reportedly handed over documents to US officials, which revealed that the Saudi government was interested in nuclear proliferation.

According to the diplomat, who now lives undercover in the New York City area, Saudi officials have had a covert nuclear weapons research effort since 1975.

More…

 

Jim Sinclair’s Commentary

This article speaks for itself.

A monster out of control: Pakistan secret agents tell of militant links
Jeremy Page in Muridke
December 22, 2008

The Islamic fundamentalists who run the Markaz-e-Taiba complex near Lahore like to boast that it was inspired by Aitchison College, Pakistan’s poshest private school. It is, as they describe it, the Eton of Wahhabi Islam, complete with polo ponies and a swimming pool.

Yet when it comes to their links to Pakistan’s intelligence service and Lashkar-e-Taiba (LeT), the militant group blamed for last month’s attacks in Mumbai, they seem to suffer from collective amnesia. “We’ve never had any connection to either,” Mohammed Abbas, the administrator of the complex, told The Times.

But it was here, in April 2001, that Hafiz Mohammed Saeed, LeT’s leader at the time, called a meeting of his supporters in the 75-acre complex of red-brick buildings and neat lawns. Most of the visitors wore the obligatory long beards, but among them was an elderly man with no beard, only a thin, military-style moustache.

He was Hamid Gul, the former head of Pakistan’s Inter-Services Intelligence (ISI) agency. “Yes, I visited there,” General Gul told The Times. “Retired army officers used to go, too. They used to hold annual fixtures to raise funds and motivate people.”

More…

 

Jim Sinclair’s Commentary

Today on Pakistan

Deaths in Pakistan ‘US strikes’

A suspected US missile strike has killed at least seven people in Pakistan’s northwestern tribal region.

One missile hit a vehicle in the village of Wana killing four people, while another strike killed three in a nearby village, both in South Waziristan on Monday, Pakistani intelligence officials said.

"Tribesmen opened fire on the drones after the attacks," a resident of Wana told Reuters news agency.

More…

India Will Take All Steps Needed to Combat Terrorism (Update2)
By Kartik Goyal and Khalid Qayum

Dec. 22 (Bloomberg) — India will take all steps needed to combat terrorism emanating from Pakistan, Foreign Minister Pranab Mukherjee said, adding that the government in Islamabad must also act against terrorists on its territory.

The government in New Delhi has blamed “elements” in Pakistan for being behind the Nov. 26-29 attack on Mumbai that killed 164 people. Pakistan, which has pledged to cooperate with the investigation, said it has been given no evidence the attacks were carried out by Pakistanis.

More…

Pakistan militants ‘world threat’

Militant groups in Pakistan are "the greatest danger to peace and security in the entire world", India’s foreign minister has said.

Pranab Mukherjee accused Islamabad of "denial" and "shifting the blame" for last month’s deadly Mumbai attacks.

He said the international community had not done enough to exert pressure on Pakistan, which denies any involvement.

More…

Posted at 3:49 PM (CST) by & filed under In The News.

ATT8 - 20081221_065347

Dear Friends,

Don’t lose focus on the enormity of what has taken place. It is that unimaginable size of the socialization of the losses while privatizing by monetization the ill gotten gains from pawning off fraudulent OTC derivatives. The massive size of this disaster caused entirely by OTC derivative implosions and fraudulent valuations will function to make my gold price target of $1650 that I have held for over eight years pitifully low. Alf Fields’ next leg from the recent low to $6000 has moved to probable from simply possible.

– Consider what the junior golds holding real properties will be worth.
– Consider what RGLD will be worth.
– Consider how difficult it is now for anyone to find any investment in currencies or governments.
– Consider that gold is the only true currency because there is no liability attached to it.
– Consider that the dollar represents the largest debtor entity while the euro is not.
– Consider that all government statistics are tools of spin, therefore know the truth as below

Truth in Statistics exist only at http://www.shadowstats.com

– Growth Surges/Accelerates in Broad Money Components
– Monetary Base Up 97.5% Year/Year
– Fed Actions Begin to Kick In — For Better and Worse
– U.S. Dollar Remains Key to Markets

 

Jim Sinclair’s Commentary

Fiscal Stimulation like bailouts is open ended. The number coming from the back channel now is $2 trillion. The combination of fiscal stimulation, bailout-itise, and quantitative easing is all the tools there are. they will have a major impact, but not in the manner desired.

As Outlook Dims, Obama Expands Recovery Plans
By JACKIE CALMES
Published: December 20, 2008

WASHINGTON — Faced with worsening forecasts for the economy, President-elect Barack Obama is expanding his economic recovery plan and will seek to create or save 3 million jobs in the next two years, up from a goal of 2.5 million jobs set just last month, several advisers to Mr. Obama said Saturday.

Even Mr. Obama’s more ambitious goal would not fully offset as many as 4 million jobs that some economists are projecting might be lost in the coming year, according to the information he received from advisers in the past week. That job loss would be double the total this year and could push the nation’s unemployment rate past 9 percent if nothing is done.

The new job target was set after a meeting last Tuesday in which Christina D. Romer, who is Mr. Obama’s choice to lead his Council of Economic Advisers, presented information about previous recessions to establish that the current downturn was likely to be “more severe than anything we’ve experienced in the past half-century,” according to an Obama official familiar with the meeting. Officials said they were working on a plan big enough to stimulate the economy but not so big to provoke major opposition in Congress.

Mr. Obama’s advisers have projected that the multifaceted economic plan would cost $675 billion to $775 billion. It would be the largest stimulus package in memory and would most likely grow as it made its way through Congress, although Mr. Obama has secured Democratic leaders’ agreement to ban spending on pork-barrel projects.

The message from Mr. Obama was that “there was not going to be any spending money for the sake of spending money,” said Lawrence H. Summers, who will be the senior economic adviser in the White House.

More…

Jim Sinclair’s Commentary

It is coming and is extremely dangerous. If two highly excitable nuclear capable nations go at each other, it will not end until the end. When it hits the fan in either of these countries, the national lights are on, but mentally nobody is home.

Report: India may attack Pakistan
Sat, 20 Dec 2008 15:27:30 GMT

Indian military has prepared operations against targets in Pakistan and awaits the signal to go forward, a US intelligence report says.

"These most likely would take the form of unilateral precision strikes inside Pakistan-administered Kashmir, along with special forces action on the ground in Pakistan proper," Global Intelligence Service, Stratfor said in its latest report.

"Sources have indicated to Stratfor that New Delhi is going through the diplomatic motions in order to give Pakistan the opportunity to take care of the militant problem itself – but the Indians know that Islamabad has neither the will nor the capability to address their concerns," the agency said.

It explained that India knew strikes in Pakistan would not eliminate the terrorist threat, "but that would not be the aim of any such operation". It added, "Instead, India has to communicate firmly that it will no longer tolerate attacks from Pakistan-based militants – whether they are rogue or approved by the state. Failure to do so risks emboldening the militants and their enablers, as well as a domestic political backlash. The Indian government could not live with either of those outcomes."

Earlier on Friday, Indian Foreign Minister Pranab Mukherjee said that the government was keeping all options open in dealing with the situation. "If a country cannot keep the assurances that it has given, then it obliges us to consider the entire range of options that exist to protect our interests and people from this menace."

More…

Posted at 7:27 AM (CST) by & filed under General Editorial.

Dear CIGAs,

Manipulation of price, a criminal, regulatory (if the regulator cares to regulate) and commercial crime of fraud subject to civil litigation and criminal law is today the major means of what funds consider trading. It is not trading but rather criminal activity with both criminal and civil law remedies. It takes the form today primarily of pool short selling or naked short selling as a civil and criminal conspiracy to defraud.

Manipulation is both on the short as well as long side. It does not matter if the direction is welcome to you, both up and down is the practice of market sociopaths. Now it is most prominent as a pounding pool short selling conspiracy, making offerings not to trade but to scare buyers and late hour or after hour computer trades where you trade with two different names – a camouflaged trading scheme with yourself.

Let’s look at a few common sense rules:

1. No one throws money away on purpose. No one sells large blocks of shares at deep discounts off the price of closing on one exchange or another. Usually a computerized trading platform is the single manipulator, trading with himself via the conspiracy of another called “Pool Short Selling" or "Parking.”

This can occur when a situation is running hard towards the old high with a big illegal short interest attempting to save itself.

It can also occur when a major interest is a buyer who sells in a most disorderly manner to shake out some weak longs that have followed in the footpath of the buyer buying now in front of the major interest.

This is called “Shaking the Tree.”

2. Generally in the commodity world, certainly in gold and silver, the ‘Bombastic Bastards” enter the market. These traders enter the market generally with the same intentions as number one, committing the same crimes as number one that are subject to civil, regulatory (if there are any or any willing to enforce them) and criminal remedies.

Equity traders they are somewhat more sophisticated in the sense that these dastardly cowards hide behind the bushes operating from the shadows for what they think is security in their misbehaviour.

First the Bombastic Bastards take their position, such as selling into a rising market that is stretched out. Now enters the BBs hitting all the small bids. As the buyers begin to fade, they offer huge amounts knowing there are no buyers.

As a result the price wilt or vaults to their advantage. The civil, regulatory and criminal event here is to move a price without taking real risk, as there is never any intention of selling the large amount offered. It is proved by same similar patterns over time.

3. The final is dirty tricks. You remember the hatchet job that was done on Royal Gold. You also remember how low it got and how high it went after that. I have always believed that RGLD has an $80 target on it. I believed that then and now.

Let me tell you about another dirty trick.

Say we exaggerated beyond belief the cost of mining for a company trying to color an entire area the same.

Cash costs of mining today is plus or minus the profit or expense of the short of gold derivative taken for that exact project.

International GAAP now demands that the short of product derivative taken must be identified when taken to the project for which it is taken. Then the profit or loss of the short of product derivative must be credited or debited to the appropriate project DIRECTLY.

To falsely define a social or political event as it applies to a company is another manipulative supporting strategy. When a company has a problem with the locals in a country known for its friendly and welcoming behaviors, you can be sure that company did something really bad and deserves it. The key here is EXAGGERATE.

This is common to anti global, anti corporate, pro-socialism organizations and follows the same exact script from one exaggeration to the next exaggeration.

I know, as I was Chairman of Sutton Resources and Kahama Mining when such an alleged event occurred. You can review that by reading the publication, “The Men Who Moil for Gold” found on the net at the site of the University of Toronto publications.

What the paid NG) (Non-Government organization) anti globalism organizations do is multiply the number of people and damages, all with a splash of violence for color. Next the manipulator using the NGO gets a paid friend to get the nonexistent or grossly exaggerated story on a wire service or into some publication to benefit the manipulator’s position.

This is known as “Dirty Tricks.”

Know that the long side manipulator is as much a criminal as is the short side manipulator. To say otherwise is to prostitute my principles.

Posted at 1:45 PM (CST) by & filed under General Editorial.

Dear CIGAs,

What you have not done, you may well not be able to do after December 31st 2008. Act immediately.

Respectfully,
Jim

Date: 12-17-2008
Dear Valued Client,

On December 1, 2008, the Securities and Exchange Commission (SEC) approved a rule change that will eliminate the ability of Depository Trust Company (DTC) participants – including **COMPANY NAME** – to request physical certificates for securities positions participating in the Direct Registration System (DRS). This change will take effect on January 1, 2009.

Currently your account is set up to automatically generate a physical certificate each time a trade is settled. This functionality will be disabled on December 31, 2008. All security purchases in your account that settle after the December 31, 2008, will be held in your **COMPANY NAME** account, and a physical certificate will not be automatically generated. Details about the new regulations are listed below.

What you need to know:

-The DTC, the institution in which **COMPANY NAME** holds shares in electronic form, proposed the rule change in an effort to reduce the industry’s dependency on physical certificates and reduce the cost and risks associated with processing physical certificates.

-DRS is a way to electronically transfer shares into book entry form. Shares held in book entry form represent shares held on the books of the company rather than in physical certificate form or in street name with a brokerage firm. This change will only affect securities that are eligible to be transferred via DRS.

-Starting on January 1, 2009, **COMPANY NAME** will be unable to obtain physical stock certificates for securities that are participating in DRS.

-There are a small number of companies that are DRS-eligible but do not allow their shares to be transferred via the DRS system. These companies are considered DRS-eligible but not participating. The initial change effective January 1, 2009, will exclude these securities. However, effective July 1, 2009, **COMPANY NAME** will be unable to obtain physical

Posted at 1:39 PM (CST) by & filed under Jim's Mailbox.

Jim Sinclair’s Commentary

Every word is truth. Where is the OUTRAGE?

Remember Lee Iacocca, the VP at Ford credited with the birth of the Mustang, the man who rescued Chrysler Corporation from their death throes, and the owner of the famous quote ‘Lead, follow, or get out of the way’? Well, he’s back!  He has a new book, and here are some excerpts.

Lee Iacocca writes:

Am I the only guy in this country who’s fed up with what’s happening? Where the hell is our outrage? We should be screaming bloody murder. We’ve got a gang of clueless bozos steering our ship of state right over a cliff, we’ve got corporate gangsters stealing us blind, and we can’t even clean up after a hurricane much less build a hybrid car. But instead of getting mad, everyone sits around and nods their heads when the politicians say, "Stay the course."

Stay the course? You’ve got to be kidding. This is America, not the damned Titanic. I’ll give you a sound bite: Throw the bums out!

You might think I’m getting senile, that I’ve gone off my rocker, and maybe I have. But someone has to speak up. I hardly recognize this country anymore.

The most famous business leaders are not the innovators but the guys in handcuffs. While we’re fiddling in Iraq , the Middle East is burning and nobody seems to know what to do. And the press is waving ‘pom-poms’ instead of asking hard questions. That’s not the promise of the ‘ America ‘ my parents and yours traveled across the ocean for. I’ve had enough. How about you?

I’ll go a step further. You can’t call yourself a patriot if you’re not outraged. This is a fight I’m ready and willing to have.

The Biggest ‘C’ is Crisis !

Leaders are made, not born. Leadership is forged in times of crisis. It’s easy to sit there with your feet up on the desk and talk theory. Or send someone else’s kids off to war when you’ve never seen a battlefield yourself.  It’s another thing to lead when your world comes tumbling down. George Bush, Dick Chaney and who is this Bozo coming up next?  One of the most Liberal Idiots in the U.S. Senate, and he is talking about disarming America . I can’t believe the

American people aren’t seeing what he is about to do to this country. May God have mercy on us all.

On September 11, 2001, we needed a strong leader more than any other time in our history. We needed a steady hand to guide us out of the ashes. A Hell of a Mess. So here’s where we stand. We’re immersed in a bloody war with no plan for winning and no plan for leaving. We’re running the biggest deficit in the history of the country. We’re losing the manufacturing edge to Asia , while our once-great Companies are all moving offshore. We’re getting slaughtered by health care costs. Gas prices are skyrocketing, and nobody in power has a coherent energy policy.  Our schools are the worst in the world. Our borders are like sieves. The middle class is being squeezed every which way. These are times that cry  out for leadership and we are getting ready to put the most Liberal Senator in the U.S. Senate in as our next President because we want to be fair and elect someone just because of his race. We don’t have time to be fair, we need a strong leader.

But when you look around, you’ve got to ask: ‘Where have all the leaders gone?’ Where are the curious, creative communicators? Where are the people of character, courage, conviction, omnipotence, and common sense? I may be a sucker for alliteration, but I hope you get the point.

Name me a leader who has a better idea for homeland security than making us take off our shoes in airports and throw away our shampoo? We’ve spent billions of dollars building a huge new bureaucracy, and all we know how to do is react to things that have already happened.

Name me one leader who emerged from the crisis of Hurricane Katrina. Congress has yet to spend a single day evaluating the response to the hurricane, or demanding accountability for the decisions that were made in the crucial hours after the storm. Everyone’s hunkering down, fingers crossed, hoping it doesn’t happen again. Well guess what people?  We are having more floods right now.  What are we doing to help these people out?  Now, that’s just crazy. Storms happen. Deal with it. Make a plan. Figure out what you’re going to do the next time.  Why are we allowing people to build in flood plains anyway?  If you build in a flood area, expect to be flooded and deal with it. Don’t expect the Government to bail you out.

Name me an industry leader who is thinking creatively about how we can restore our competitive edge in manufacturing. All they seem to be thinking now-days is getting themselves bigger salaries and bonuses. Who would have believed that there could ever be a time when ‘The Big Three’ referred to Japanese car companies? How did this happen, and more important, what are we going to do about it? Likely nothing!

Name me a government leader who can articulate a plan for paying down the debt, or solving the energy crisis, or managing the health care problem. The silence is deafening. But these are the crises that are eating away at our country and milking the middle class dry. I have news for the gang in Congress and the Senate. We didn’t elect you to sit on your asses and do nothing and remain silent while our democracy is being hijacked and our greatness is being replaced with mediocrity. What is everybody so afraid of? That some bonehead on  Fox News will call them a name? Give me a break.  Why don’t you guys show some spine for a change?  I honestly don’t think any of you have one!

Had Enough?

Hey, I’m not trying to be the voice of gloom and doom here. I’m trying to light a fire. I’m speaking out because I have hope; I believe in America … In my lifetime I’ve had the privilege of living through some of America’s greatest moments I’ve also experienced some of our worst crises: the ‘Great Depression’, ‘World War II’, the ‘Korean War’, the ‘Kennedy Assassination’,  the ‘Vietnam War’, the 1970s oil crisis, and the struggles of recent years culminating with 9/11. If I’ve learned one thing, it’s this:

‘You don’t get anywhere by standing on the sidelines waiting for somebody else to take action. Whether it’s building a better car or building a better future for our children, we all have a role to play. That’s the challenge I’m raising in this book. It’s a call to ‘Action’ for people who, like me, believe in America . It’s not too late, but it’s getting pretty close. So let’s  shake

off the crap and go to work. Let’s tell ’em all we’ve had ‘enough.’

Posted at 12:15 PM (CST) by & filed under In The News.

RebuildEconomy

Jim Sinclair’s Commentary

When you read articles like this keep in mind who is the most powerful man on the planet. The answer is the captain of a nuclear launch submarine. He has the power to incinerate nations.

Now think about how India has two Akula type 2 nuclear missile launching (28 per ship) submarines, and Pakistan has mobile nuclear launch vehicles with very long legged missiles.

I would say that is as serious as it gets.

After having a home in India and having lived there for a total of three years in short stays I can assure when it hits the fan the police with the guns and uniforms and the lights turned off are the most dangerous people there in any situation.

India may still strike at Pakistan: US report
19 Dec 2008, 2207 hrs IST, TNN

NEW DELHI: India may have ruled out the military option against Pakistan in the aftermath of Mumbai terror attacks but the international intelligence community continues to believe that strikes in PoK and elsewhere could still happen.

Global intelligence service Stratfor, in its latest report, said, "Indian military operations against targets in Pakistan have in fact been prepared and await the signal to go forward."

It added, "These most likely would take the form of unilateral precision strikes inside Pakistan-administered Kashmir, along with special forces action on the ground in Pakistan proper."

The private sector intelligence service said that unlike the massive movements of 2002 during Operation Parakram, India’s preparations this time were more under the radar and not visible to the world at large. Its only indication was the fact that the Border Security Force (BSF) has been put on high alert on the western sector as well as the eastern sector — this paramilitary force’s main mandate would be to prevent infiltration.

"Sources have indicated to Stratfor that New Delhi is going through the diplomatic motions in order to give Pakistan the opportunity to take care of the militant problem itself — but the Indians know that Islamabad has neither the will nor the capability to address their concerns," Stratfor said.

More…