Posted at 10:39 AM (CST) by & filed under Jim's Mailbox.

JB sends us this without tongue in cheek…

Bill

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Looking into Jr.’s massive Russian agenda…

JB

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Bill/Jim,

Think ‘Fukushima, Japan’…..? Scientists are shocked??? You’ve got to be kidding.

Lon

Scientists Shocked As Fisheries Collapse On West Coast: “It’s The Worst We’ve Seen”
November, 13, 2017

The Gulf of Alaska cod populations appears to have taken a nose-dive. Scientists are shocked at the collapse and starving fish, making this  the “worst they’ve ever seen.”

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“They [Alaskan cod] get weak and die or get eaten by something else,” said NOAA’s Steve Barbeaux.

The 2017 trawl net survey found the lowest numbers of cod on record forcing scientists to try to unravel what happened. A lot of the cod hatched in 2012 appeared to survive, but by 2017, those fish were largely gone for the surveys, which also found scant evidence of fish born in subsequent years. Many of the cod that have come on board trawlers are “long skinny fish” according to Brent Paine, executive director of United Catcher Boats.

“This is a big deal,” Paine said. “We just don’t see these (cod) year classes disappear from one year to the next.”

The decline is expected to substantially reduce the gulf cod harvests that in recent years have been worth — before processing — more than $50 million to Northwest and Alaska fishermen who catch them with nets, pot traps, and baited hooks set along the sea bottom.

Barbeaux says the warm water, which has spread to depths of more than 1,000 feet, hit the cod like a kind of a double-whammy. Higher temperatures sped up the rate at which young cod burned calories while reducing the food available for the cod to consume. And many are blaming “climate change” for the effects on the fish, although scientists aren’t directly correlating the two events. “They get weak and die or get eaten by something else,” said Barbeaux, who in October presented preliminary survey findings to scientists and industry officials at an Anchorage meeting of the North Pacific Fishery Management Council.

More…

Lon,

Probably blame it on La Nina Lon? Maybe legislate “safe spaces” for fish? Or maybe we need more gun control, that’ll fix it!

Bill

From our pal Dave in the witness protection program.

Bill

It’s the beginning of the end of “no tell” virtual money. Kicking a sleeping elephant in the rear is a no-no, even Mahout understands.

Jim

Jim/Bill,

Here they come; they want their share of the winnings!

Dave

The IRS Is Puzzled: Why Out Of 500,000 Coinbase Users, Only 900 Reported Gains Or Losses
November 13, 2017

Almost exactly one year ago, the IRS realized that it could be leaving billions of dollars on the table in the form of uncollected taxes, and launched a tax-evasion probe on the largest US Bitcoin exchange, Coinbase, seeking to identify all Coinbase users in the U.S. who “conducted transactions in a convertible virtual currency” from 2013 to 2015.

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In a vexing paradox for cryptocurrency traders who had hoped they could avoid the IRS indefinitely as someone, somewhere once may have mentioned, the higher the price of bitcoin rose, the more motivated the IRS was to obtain access to user transaction records. Or, as Bloomberg put it, “the exploding value of the cryptocurrency since its first real-world transaction in 2010 is one reason the U.S. Internal Revenue Service is pushing to see records on thousands of users of Coinbase Inc., one of the biggest U.S. online exchanges. The company’s digital currency platform allows gains to be converted into old-fashioned dollars in transactions that the IRS alleges are going unreported.”

To be sure, as we have reported over the past year, Coinbase and industry trade groups are fighting back in court, claiming the government’s concerns about tax fraud are unfounded and that its sweeping demand for information is a threat to privacy. That however, did not stop the IRS which claimed in a court filing that “U.S. taxpayers, including Coinbase users, have made use of virtual currencies to avoid the reporting and payment of taxes.” The agency said it needs access to customer records to “gain some degree of visibility into a space where it is already necessarily moving about somewhat in the dark.”

Meanwhile, both Coinbase and bitcoin have exploded. Whereas Coinbase had under 5 million users last November when the IRS filed its lawuist, as of last week it had 12.2 million users, deploying 41 million virtual currency wallets in 32 countries that have so far exchanged $40 billion in digital currency. The price of bitcoin hit a record high just under $8,000 at the start of November, more than 10x higher than in November 2016.

The biggest problem, however, and the reason why the IRS is unlikely to relent is that as the IRS said, it detected a “reporting gap” between the 500,000 virtual currency users Coinbase reported between 2013 and 2015 and the less than 900 bitcoin users reporting gains or losses for each of those years.

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Bill, Jim,

In case you’ve missed it – a fascinating article on Bloomberg today. Turns out exports to the US account for only about 5% of Saudi Arabia’s oil production. What do you think will be their next step regarding ways of payment?

Take care and keep well,

CIGA Rose

Saudi Retreat From U.S. Oil Market Cuts Exports to 30-Year Low
November 13, 2017

For a generation, the huge, whitewashed storage tanks at America’s largest oil refinery in Port Arthur, Texas, have stored almost nothing but Saudi crude.

The plant is owned by Saudi Arabia’s state-run oil company, Aramco, and since it first bought a stake in 1988, the Motiva refinery guaranteed the kingdom a strategic foothold in the world’s largest energy market. The tankers carrying millions of barrels a month of Arab Light crude from Saudi export terminals to Port Arthur were testament to the strength of the energy and political ties binding Riyadh and Washington.

All of a sudden, there are very few Saudi ships arriving in Texas. Since July, Aramco has constricted supply, attempting to drain the crude storage tanks at Motiva — and many others across America — part of a plan to lift oil prices, even at the cost of sacrificing its once prized U.S. market.

While Motiva is most affected, the rest of the U.S. oil refining system, from El Segundo in California to Lake Lake Charles in Louisiana, has also taken a hit. The result: Saudi crude exports into America fell to a 30-year low last month.

“The drop is huge,” said Amrita Sen, chief oil analyst at consultant Energy Aspects Ltd. in London. “It’s not just that Saudi exports are low, but they have been low for several months.”

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Very good point Rose and speaks directly to the “petro” left in the petrodollar?

Best,

Bill

Jim/Bill,

Why is this not surprising?

Once you back something with gold, it becomes real, versus virtual.

Perhaps it’s simply a matter of dilution, but the basic headlines imply gold’s power to impress.

CIGA Wolfgang Rech

Bitcoin Plunges Over $2,000 In A Week As Bitcoin Gold Launches
November 12, 2017

(Kitco News) – Bitcoin dropped more than $2,000 in just under a week, as traders digested the launch of the digital currency’s offshoot known as bitcoin gold on Sunday.

The popular digital currency was seen trading at an all-time high of $7,899.90 on November 8 but then dropped down to just $5,450.40 on November 12, according to Kitco’s aggregated charts.

Developers behind the bitcoin gold fork launched the new offshoot on Sunday at 2 p.m. E.T.

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Mysterious Dave(?) checks in again with another great question…

Bill

Jim/Bill,

Why make RT register? We have MSM/Pravda right here.

Dave

Selected Articles: Mainstream Media “Fake News”, War Propaganda
November 12, 2017

We bring to the attention of Global Research readers a selection of articles focussing on the obfuscation of truth through media manipulation as well as the routine dissemination of war propaganda

These articles show how media lies and fabrications are used as a justification to wage so-called “humanitarian wars”.

If you consider these articles useful, please consider making a donation and/or becoming a Global Research Member. Any amount large or small will contribute to the broader objective of Truth in Media.

You can also help us by forwarding this selection far and wide, discussing it within your circle of friends and colleagues, reposting our articles on blog sites and social media, etc.

FAKE NEWS: BBC criticised for using Iraq 2003 photo to illustrate Syrian massacre

By Global Research, November 11, 2017

The British Broadcasting Corporation (BBC) has been slammed for mistakenly using a photo taken in Iraq in 2003 to illustrate the Syria 2012 massacre, in which over 100 people, including 32 children, were brutally killed.

Fake News Used to Justify All Out War: The Bosnian Serb “Death Camp” Fabrication. Pretext for R2P “Humanitarian Intervention” (1992) in Yugoslavia

By Global Research News, November 10, 2017

Serbian emergency shelters for Bosnian refugees sold to the public as a concentration camp to win public support for international intervention.

The Attack on ‘Fake News’ Is Really an Attack on Alternative Media

By Dave Lindorff, November 09, 2017

These are tough days to be a serious journalist. Report a story now, with your facts all lined up nicely, and you’re still likely to have it labeled “fake news” by anyone whose ox you’ve gored — and even by friends who don’t share your political perspective. For good measure, they’ll say you’ve based it on “alternative facts.”

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Well said Rosemary!

Bill

Rosemary LaBonte: To the editors of a California newspaper in response to an article written by Ernie Lujan who suggests we should tear down the Statue of Liberty because the immigrants of today aren’t being treated the same as those who passed through Ellis Island and other ports of entry. The paper never printed this response, so her husband sent it out via internet.

Maybe we should turn to our history books and point out to people like Mr. Lujan why today’s American is not willing to accept this new kind of immigrant any longer. Back in 1900 when there was a rush from all areas of Europe to come to the United States, people had to get off a ship and stand in a long line in New York and be documented.

Some would even get down on their hands and knees and kiss the ground. They made a pledge to uphold the laws and support their new country in good and bad times. They made learning English a primary rule in their new American households and some even changed their names to blend in with their new home.

They had waved goodbye to their birth place to give their children a new life and did everything in their power to help their children assimilate into one culture. Nothing was handed to them. No free lunches, no welfare, no labor laws to protect them. All they had were the skills and craftsmanship they had brought with them to trade for a future of prosperity.

Most of their children came of age when World War II broke out. My father fought alongside men whose parents had come straight over from Germany , Italy , France and Japan None of these 1st generation Americans ever gave any thought about what country their parents had come from. They were Americans fighting Hitler, Mussolini and the Emperor of Japan . They were defending the United States of America as one people.

When we liberated France , no one in those villages were looking for the French American, the German American or the Irish American. The people of France saw only Americans. And we carried one flag that represented one country. Not one of those immigrant sons would have thought about picking up another country’s flag and waving it to represent who they were. It would have been a disgrace to their parents who had sacrificed so much to be here. These immigrants truly knew what it meant to be an American. They stirred the melting pot into one red, white and blue bowl.

And here we are with a new kind of immigrant who wants the same rights and privileges. Only they want to achieve it by playing with a different set of rules, one that includes the entitlement card and a guarantee of being faithful to their mother country.

I’m sorry, that’s not what being an American is all about. I believe that the immigrants who landed on Ellis Island in the early 1900’s deserve better than that for all the toil, hard work and sacrifice in raising future generations to create a land that has become a beacon for those legally searching for a better life. I think they would be appalled that they are being used as an example by those waving foreign country flags.

And for that suggestion about taking down the Statue of Liberty , it happens to mean a lot to the citizens who are voting on the immigration bill.

I wouldn’t start talking about dismantling the United States just yet.

Keep this letter moving.

For the wrong things to prevail, the rightful majority needs to remain complacent and quiet.

Posted at 10:25 AM (CST) by & filed under In The News.

A Trip Down The Rabbit Hole Of Insanity In The Markets
November 11, 2017

Today one of the greats in the business spoke with King World News about how he traded the U.S. stock market crash in 1987 and the Japanese stock market bubble in 1989, what to expect in the gold, silver and mining space as well as what investors can do to stay sane and keep their cool as we come to the end of the greatest bubble in history.

Eric King: “Bill, when I looked at your Q&A’s recently, you expressed that you had been receiving a number of emails from frustrated people and (you pointed out that) sometimes that will be near an inflection point. People around the world are frustrated, and their frustration isn’t just the market action but the lack of reality.”

Fleckenstein responds: “Yes. Yes.”

Eric King: “What would you say to them?”

A Trip Down The Rabbit Hole Of Insanity

Bill Fleckenstein: “All you can say is, ‘This too will pass.’ And if I told them, for sure, that January 1st it was all going to change, people are so demoralized that wouldn’t even be good news to them because they would say, ‘I’ve got to endure this for another six weeks?’ People are very worn out, I think, that haven’t been participating in the central bank-fueled madness. And all these signs of that frustration are indicative that we are very late in the cycle. Look, I understand it is frustrating but we’re kind of near the end, and we are close to a moment in time when there will be a chance to make plenty of money doing things that seem sane as opposed to things that seem insane. But in between now and then you just have to be tough and suck it up.

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Bill Holter’s Commentary

Everything is hackable…

Hackers Say They’ve Broken Face Id A Week After Iphone X Release
November 12, 2017

When Apple released the iPhone X on November 3, it touched off an immediate race among hackers around the world to be the first to fool the company’s futuristic new form of authentication. A week later, hackers on the actual other side of the world claim to have successfully duplicated someone’s face to unlock his iPhone X—with what looks like a simpler technique than some security researchers believed possible.

On Friday, Vietnamese security firm Bkav released a blog post and video showing that—by all appearances—they’d cracked Face ID with a composite mask of 3-D-printed plastic, silicone, makeup, and simple paper cutouts, which in combination tricked an iPhone X into unlocking. That demonstration, which has yet to be confirmed publicly by other security researchers, could poke a hole in the expensive security of the iPhone X, particularly given that the researchers say their mask cost just $150 to make.

But it’s also a hacking proof-of-concept that, for now, shouldn’t alarm the average iPhone owner, given the time, effort, and access to someone’s face required to recreate it.

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Bill Holter’s Commentary

Maybe they just now heard about Fukushima?

Thousands of scientists sign ‘Warning to Humanity’ letter predicting an imminent apocalypse

More Then 15,000 Scientists From Around The World Have Signed A Terrifying Letter Warning Of An Imminent Apocalypse
November 13, 2017

The message is called “Warning to Humanity” and is an ominous vision of the grim fate awaiting our planet.

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The scientists believe environmental impacts were likely to inflict ‘substantial and irreversible harm’ to the Earth

The message updates an original Warning from the Union of Concerned Scientists, which was made in 1992.

Now the global scientific community’s view of the future is even bleaker.

Apart from the hole in the ozone layer, which has now been stabilised, every one of the major threats identified in 1992 has worsened.

Runaway consumption of precious resources by an exploding population remains the biggest danger facing humankind, say the scientists.

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Bill Holter’s Commentary

How much do you want to bet the next market meltdown is blamed on this?

Algorithms With Minds of Their Own

November 12, 2017

Everyone wants to know: Will artificial intelligence doom mankind—or save the world? But this is the wrong question. In the near future, the biggest challenge to human control and acceptance of artificial intelligence is the technology’s complexity and opacity, not its potential to turn against us like HAL in “2001: A Space Odyssey.” This “black box” problem arises from the trait that makes artificial intelligence so powerful: its ability to learn and improve from experience without explicit instructions.

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Posted at 2:51 PM (CST) by & filed under USAWatchdog.com.

November 12, 2017

Trader/analyst Gregory Mannarino is nervous about the distortions in the markets that are breaking records. Mannarino contends, “It’s going to come down very, very, very rapidly. There is not going to be any slow burn here whatsoever. It’s going to be every man or woman for themselves. Everyone is going to run to the door at the same time. At some point, nobody is going to want to buy anything. This is a worst case scenario. In a managed market like we have right now, I cannot imagine a way we are not running into a worst case scenario.”

Mannarino said the markets would go up right after Donald Trump was elected. Mannarino said the election of Trump was a “game changer.” So, what’s got Mannarino spooked now? Mannarino says, “The sell-off in the bond market last Thursday and Friday says there is something here that we have to pay attention to. Not only bonds sold off, but we saw the bond market sell off at the same time the stock market was selling off. That is unusual in this environment. We have not seen this type of action as far back as I can remember. When you see a simultaneous stock and bond market sell off, that should make people stop and say whoa, because you’ve got cash leaving two markets, and where is it going? . . . Cash came out of the bond market rapidly.”

Mannarino goes on to say, “What does it mean to the guy or girl listening to this right now? It means interest rates are going to spike rapidly. If this happens, and we’ve seen this before, rates will go up and stocks will sell off like we are seeing now, but much more violently. Then, that cash is going to move into other assets. . . . This whole Ponzi scheme of debt being borrowed into the system in greater and greater amounts has to come to an end at some point. I think we are starting to see this right now. The debt can never be paid back, and the fiat currency, the dollars, are part of that debt. It is a frightening prospect here to put this into perspective. We might be seeing a little darkness with Venezuela defaulting on its debt here. This is going to sweep the globe . . . . We are now under an umbrella of debt, which can only get worse. It can never be paid back. It keeps getting bigger and bigger. There is going to be a moment of implosion when the debt based economic model cannot function anymore. Then everything grinds to a halt. That’s it, it’s party over.”

More…

Posted at 9:49 AM (CST) by & filed under Jim's Mailbox.

From our friend Dismal Dave.

Bill

The problem with bubbles is that they force one to decide whether to look like an idiot before the peak, or an idiot after the peak.’ John Hussman. (1962- ).

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Courtesy of JB

Bill

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Now why would Japan send a military force to the Antarctic?

JB

Icebreaker Shirase Leaves For Another Voyage To Antarctic Continent
November 12, 2017

The icebreaker Shirase, operated by the Maritime Self-Defense Force, left Tokyo’s Harumi pier for Antarctica on Sunday.

Most members of the 59th Antarctic expedition team will board the ship in Australia on Nov. 28. The Shirase will carry a total of about 180 crew members.

In 2007, a Japanese mission sampled 720,000-year-old ice at the nation’s Dome Fuji Station in inland Antarctica by drilling through the ice sheet to a depth of 3,035 meters. The team heading there at the end of the month will select a new drilling point, with the aim of collecting even older ice.

A European expedition team in 2004 collected Antarctic ice dating back some 800,000 years. The coming Japanese mission will try to extract even older ice to set a new world record.

Scientists expect that an analysis of Antarctic ice will allow them to better understand climate change in the past and predict future global warming.

The 59th team will also carry on atmospheric and marine observation, and research on penguins and other creatures on Antarctica.

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Yes, the question is why…and why is Antarctica constantly in the news?

Bill

Posted at 5:12 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

You can bet this deal will not look or work out like similar deals done in the past with South American countries. This is China they are dealing with!

Silk Road Fund, General Electric Set Up Energy Infrastructure Investment Platform
November 10, 2017

BEIJING – The State Administration of Foreign Exchange (SAFE) said Thursday that the Silk Road Fund and General Electric (GE) had established a joint energy infrastructure investment platform.

The fund and GE Energy Financial Services signed a deal to create an investment platform in Beijing in November, SAFE said in a statement.

“The two sides will make joint investment in infrastructure projects in the fields of power grid, new energy, and oil and gas, in countries and regions along the Belt and Road,” SAFE said.

“The cooperation between the Silk Road Fund and GE will not only boost cooperation between high-end manufacturing companies from China and the US, but also promote economic development of the regions where their investment goes,” the statement said.

Designed to finance the Belt and Road Initiative, the Silk Road Fund was founded in December 2014 and is jointly backed by China’s foreign exchange reserves, China Investment Corp, the Export-Import Bank of China and China Development Bank.

More…

Posted at 5:10 PM (CST) by & filed under Jim's Mailbox.

CIGA Kevin with a heads up for us!

Bill

Jim/Bill,

Amazon and GeoEngineering coming to a store near us.

Another wish list would be similar to FCC telling ATT to divest of CNN (which will quickly die) if it want approval to buy Time-Warner, but to have Amazon, Google, and FB be taken down a notch for their crimes on humanity.

Amazon has its own way to literally poison society where it no doubt plans to use this clever little high frequency microwave energy to both inventory its product as well as kill any viable nutrition in what it sells in its Amazon Go stores.

CIGA Kevin

Amazon Just Introduced The Grocery Store Of The Future
December 5, 2016

Amazon is already your go-to in the world of online shopping—seriously, can you even remember a world without Prime? So it should be no surprise then, that the site’s first big venture into brick-and-mortar retail is totally revolutionary: Amazon has introduced a brand new kind of grocery store that has no lines. In fact, it has no cash registers at all. In Amazon’s new grocery store concept, called Amazon Go, you can literally grab your food and walk out, no checkout required..

But how, you ask, can this possibly work? Upon entry to the location, shoppers will scan their Amazon Go app. Then, the app will use the same technology as self-driving cars—computer vision, sensor fusion, and deep learning—to keep track of what you’re picking up as you make your way through the store, and automatically place the item in your virtual shopping cart in the app. (If you change your mind about something you grabbed, the app will pick up on that too and automatically delete from your cart.) When you’re done, you just leave; Amazon just charges your card and emails you a receipt. It’s that easy.

To shop at the stores, which will all be a compact 1,800 square feet, you just need an Amazon account, the Amazon Go app, and a smartphone. According to their website, Amazon Go stores will sell everything from classic grocery staples to ready-made options, and they’ll feature both well-known and newer brands.

More…

Posted at 5:03 PM (CST) by & filed under Bill Holter.

This past week was filled with information. Saudi Arabia’s purge, nearly 400 sealed indictments in the US. Something VERY big is in the works. It looks like a deep state purge, we can only hope and pray! We must wait to see exactly what but the world will clearly be different place!

A gold subscription gives you access to Bill Holter’s full articles and a weekly discussion video posted on the weekend. If you would like to purchase a subscription please go to https://www.jsmineset.com/membership-account/membership-checkout/?level=1

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Posted at 1:52 PM (CST) by & filed under Bill Holter.

Our world is definitely heating up at an exponential rate considering the events of just the last few weeks. For anyone searching (and did not already know for a fact), evidence is coming forth to prove so many “conspiracy theories” into outright fact. In addition and from a military standpoint, the world has never been closer to outright war than it is today. The U.S. for example has 7 of its 11 carriers at sea for the first time in 14 years, not to mention the massive purge in Saudi Arabia and the stance (plus revelations) throughout the Middle East. An “event”, real or otherwise seems imminent.

A gold subscription gives you access to Bill Holter’s full articles and a weekly discussion video posted on the weekend. If you would like to purchase a subscription please go to https://www.jsmineset.com/membership-account/membership-checkout/?level=1

 

If you wish to pay by cheque please remit to:

JSMineset
PO Box 577
Sherman CT 06784
Attn: Subscriptions

Please be sure to include your email/username so we can credit your account.

If you would like you can email us to check on your pay-by-cheque order status.
Additionally, If your subscription has expired before your cheque was credited to your account, we’ll activate your account in the interim so that you can access subscription content.