Posted at 1:49 PM (CST) by & filed under Jim's Mailbox.

Courtesy of Dave.

Jim

“I Was There, I Know What Took Place”: Pompeo Slams North Korea Criticism Of Denuclearization
July 8, 2018

. . .

As a result of the unexpected divergence in views, Pompeo, who did not meet with Kim on this trip, could point to no concrete achievement from the talks aside from an agreement for the two sides to meet around July 12 in Panmunjom, the border village between the two Koreas, to discuss returning the remains of U.S. soldiers from the 1950-1953 Korean War, Bloomberg added.

Pompeo’s visit was the highest level meeting between U.S. and North Korean officials since Trump and Kim Jong Un held their historic summit in Singapore on June 12. Pompeo has been under pressure to deliver a more concrete disarmament plan after the two leaders signed a vague 1-1/2 page document that didn’t provide a timetable for dismantling North Korea’s nuclear arsenal.

For now, any firm denuclearization plan will have to wait even as the risk that all progress achieved so far in bilateral negotiations collapses.

Why? Because recall that China was the real puppetmaster behind the Trump-Kim summit… and suddenly Beijing is not very happy with Trump (for obvious reasons), which means that China’s response to Trump’s trade war may emerge in the realm of diplomacy as Xi does everything he can to undo any/all progress achieved in talks between Trump and Kim, potentially sending relations between the US and North Korea back to square one.

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Posted at 1:48 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

Their parents should be very proud…and pleased with their return on capital invested to send these kids to college!

VIDEO: Students Hate Trump’s SCOTUS Pick… Before He Made It
July 8, 2018

This month, Justice Anthony Kennedy announced he would be retiring from the Supreme Court of the United States, giving President Trump an opportunity to nominate a potential replacement.

Instantly, Trump’s political opponents began questioning the credentials of those who were thought to be on his shortlist for the position.

The same sentiment was seen on social media from pundits and members of Congress alike — but what would college students have to say about the matter? Did they have substantive reasons for not trusting the potential replacement, or were they simply set on opposing any Trump nominee?

To find out, I headed to New York University to ask students what they thought about who Trump had chosen to replace Justice Kennedy.

Despite the fact that Trump’s decision was still days away from being finalized, students unanimously condemned Trump’s move, harshly criticizing the president’s nonexistent nominee.

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Posted at 5:31 PM (CST) by & filed under Jim's Mailbox.

Has this law been repealed?

Below is only a partial list.

Courtesy of JB.

Jim

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Jim told us this was coming.

Dave

Work Til You Die: Record Number Of Folks Age 85 And Older Are Working In The US
July 5, 2018

Seventy may be the new 60, and 80 may be the new 70, but 85 is still pretty old to work in America. Yet in some ways, it is the era of the very old worker in America.

Overall, 255,000 Americans 85 years old or older were working over the past 12 months. That’s 4.4 percent of Americans that age, up from 2.6 percent in 2006, before the recession. It’s the highest number on record.

They’re doing all sorts of jobs – crossing guards, farmers and ranchers, even truckers, as my colleague Heather Long revealed in a front-page storylast week. Indeed, there are between 1,000 and 3,000 U.S. truckers age 85 or older, based on 2016 Census Bureau figures. Their ranks have roughly doubled since the Great Recession.

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Courtesy of Dave.

Jim

Get Ready For The ‘Largest Trade War In Economic History’
July 6, 2018

t is now the “largest trade war in economic history.” Well, that is Beijing’s take on President Donald Trump’s decision on Friday to impose tariffs worth US$34 billion on a range of Chinese imports, including high-tech equipment and industrial machinery.

In response, the world’s second-largest economy warned it would take the “necessary countermeasures,” triggering what is now a full-blown trade conflict.

“The Chinese side, having vowed not to fire the first shot, is forced to stage counter-attacks to protect the … interests of its people,” the Chinese Commerce Ministry said in a statement. “[The US has started the] largest trade war in economic history.”

As the midnight chimes sounded in the United States, the first wave of tariffs kicked in. Another $16 billion are scheduled to take effect in the next two weeks.

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Posted at 7:48 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

Another case of TDSD?

“Irate” Long Island Man Arrested For Making “Terroristic Threats” Against Trump Supporters
July 7, 2018

As the hysterical violence and aggression directed at Trump supporters continues to escalate (at the urging of Congresswoman Maxine Waters and other radical political opponents of the president), a Long Island man was arrested for threatening to kill supporters of President Donald Trump and Republican Rep. Lee Zeldin on Friday.

After making the threats, the man also reportedly nearly hit a campaign staffer for Zeldin with his car. It’s the latest attack on a supporter of President Trump, following an assault in a restaurant near San Antonio where a Texas man was arrested after assaulting a teen and stealing his MAGA hat.

According to the New York Post, Martin Astrof, 75, of Nesconset, “became irate” at Zeldin’s Suffolk County campaign headquarters at 11:15 am Friday. Astrof then threatened to kill a campaign worker as well as other Zeldin and Trump supporters.

Astrof was arrested at his home Saturday morning and charged with making terroristic threats.

He threatened to kill a campaign worker, as well as other Zeldin and Trump supporters – then “backed his car up in an aggressive manner nearly striking the worker,” according to authorities.

Astrof fled the scene and was arrested at his home Friday afternoon. He was expected to be arraigned Saturday on a felony charge of making a terroristic threat, and on second-degree reckless endangerment charges.

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Posted at 10:44 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

This is heroinism at its finest but not considered as such in Texas because it is expected…not so much in California. She saved her children, will the Left look at this and say it was a hate crime because the perpetrator was black? Sorry, piss on them because this is the real world …!  PS. what would have happened to these children if guns were illegal…and we know, “it’s all about the children, right”?

Dallas Mom Shoots Man Who Took Her Car With Kids Inside
July 5, 2018

DALLAS – A woman shot a man who she says took her car at a southern Dallas gas station Wednesday night.

Michelle Booker-Hicks told FOX 4 it happened around 10 p.m. as she was paying for her gas at a Shell station along Interstate 35 near Camp Wisdom Road.

Booker-Hicks saw a man get into the car with her 2 and 4-year-old sons in the back seat. She jumped back in too, grabbed a gun from her glove box and shot the man in the face to get him to stop.

“I proceeded to jump in my backseat and told the gentleman to stop, to get out the car. He would not get out of the car. He turned around and looked at me,” she recalled. “I reached over the armrest to get my glove compartment and that’s when I fired at him once I got the gun from my glove compartment.”

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Bill Holter’s Commentary

Just another contradiction from one of those “loving and inclusive” states? To be honest, I never knew shock treatment had ever been used on special needs kids. What a travesty! On a side note, maybe they will next try to hook it up to voting booths and wire the “conservative buttons”. Don’t say it could never happen because we are living in a world where “it could never happen” but does every single day in so many ways!

Court Rules School Can Use Electric Shock as Punishment For Special Needs Students
July 2, 2018

By John Vibes

Bristol County, MA – Family Court Judge Katherine Field denied a motion to stop the use of electric shock on disabled students, a form of punishment that has been controversial for years after news of the practice first reached the public in 2013 when video surfaced of an 18-year-old student receiving dozens of shocks for refusing to take off his jacket.

“(The state) failed to demonstrate that there is now a professional consensus that the Level III aversive treatment used at JRC does not conform to the accepted standard of care for treating individuals with intellectual and developmental disabilities,” Judge Field wrote in her decision.

The facility in question is the Judge Rotenberg Educational Center (JRC), a special needs day and residential school in Canton, and it is the only school in the country that still uses electric shocks on its students. Records show that at least 58 students at the school have received shocks as of August 2017.

Despite the obvious ethical concerns with this practice, there is a cult-like support among the staff and even some parents for what they call “aversive treatment.”

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There people are not lacking courage.

Judicial Watch Sues CIA For Documents On Dossier Leak To Senator Harry Reid
July 6, 2018

(Washington, DC) – Judicial Watch announced today it filed a Freedom of Information Act (FOIA) lawsuit against the Central Intelligence Agency (CIA) for records of communications with former Senator Harry Reid (D-NV) and his staff regarding the anti-Trump dossier funded by the Clinton campaign and the Democratic National Committee (Judicial Watch v. Central Intelligence Agency (No. 1:18-cv-01502)).

Senate Minority Leader Harry Reid reportedly believed then-Obama CIA Director Brennan was feeding him information about alleged links between the Trump campaign and the Russian government in order to make public accusations.

According to “Russian Roulette,” by Yahoo! News chief investigative correspondent Michael Isikoff and David Corn, the Washington bureau chief of the left-wing Mother Jones magazine, Brennan contacted Reid on Aug. 25, 2016, to brief him on the state of Russia’s interference in the presidential campaign. Brennan briefed other members of the so-called Gang of Eight, but Reid is the only who took direct action.

Two days after the briefing, Reid wrote a letter to then-FBI Director James Comey asserting that “evidence of a direct connection between the Russian government and Donald Trump’s presidential campaign continues to mount.”

Reid called on Comey to investigate the links “thoroughly and in a timely fashion.”

Reid saw Brennan’s outreach as “a sign of urgency,” Isikoff and Corn wrote in the book.

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Jim Sinclair’s Commnentary

Mr. Williams shares with us as the greatest boom in US economics is being proclaimed by those know not to be the best sources of truth.

– Private Labor-Market Surveying Showed Continued Retrenchment in June 2018
– June Labor-Market Stress Remained at High Levels, Consistent with Headline Unemployment Much Closer to a Record High than Just Off a Record Low
– June U.3 Unemployment Rate Rose to 4.05% from 3.75% in May, Up by 0.30%; Headline Gain of 0.2% Was a Rounding Artefact of 4.0% versus 3.8%
– June U.6 Unemployment Rose to 7.79% from 7.65% in May
– June ShadowStats-Alternate Unemployment Rose to 21.5% from 21.4% in May
– June Payroll Jobs Gained 213,000 (up by 250,000 Net of Revisions), but with Annual Growth of 1.62% Still in Recession-Signal Territory
– Household Survey Lost 89,000 (-89,000) Full-Time Employed, but Gained 145,000 Part-Time Employed
– May 2018 Nominal Balance-of-Payments Trade Deficit Shrank for Third-Straight Month
– Second-Quarter Real Merchandise Trade Deficit Is on Track for a Sharp Narrowing

“No. 959-A: June 2018 Labor Conditions, May Trade Deficit”

www.shadowstats.com

Posted at 10:43 PM (CST) by & filed under Jim's Mailbox.

Jim/Bill,

As with cars, a look under the hood always lets you find the problem.

Unfortunately today’s kids don’t even know what a hood is!

They most likely believe it’s an area of a city, like a “neighborhood”.

Not 10 minutes after the ‘rosey” release, the truth emerges.

CIGA Wolfgang Rech

‘Goldilocks’ Jobs Print Sparks Dollar Dump, Bond & Stock Buying
July 6, 2018

Update: Maybe not so Goldilocks after all…

 

 

 

 

 

 

 

 

 

Amid the low liquidity of a holiday week, US equity futures continue to kneejerk up and down (up in this case) after a so-called ‘Goldilocks’ jobs print that was just bad enough to leave The Fed on its slow path to normalization. Bond yields and the dollar are also sliding…

Quite wild ride for Dow futures in the last 12 hours…

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Jim/Bill,

A closer look and certain assumptions can reasonably be made.

I’m sure much as to do with advance preparations for the upcoming tariffs.

Such as soybeans:

“Overall exports increased 1.9 percent to $215.3 billion as soybean shipments overseas almost doubled to $4.1 billion.”

Could be other countries are also preparing for the worst by doing their “Christmas shopping” early.

I think that following comment is more “tongue in cheek” as we all know trade sanctions haven’t really begun yet.  And those “of particular persuasion” is more of a reference to manipulators and political ideologists.

“Confirming the advance trade balance, it could be argued – by those of a particular persuasion – that Trump’s trade policies are working”

Take it all with a grain of salt.  The worst is yet to come.

Nobody today turns the other cheek when slapped in the face.

Brace yourself.

CIGA Wolfgang Rech

US Trade Deficit Plunges Most In 10 Years – Is Trump Winning?
July 6, 2017

Confirming the advance trade balance, it could be argued – by those of a particular persuasion – that Trump’s trade policies are working as the US trade deficit has collapsed to its lowest since September 2016.

The US trade balance for May printed a smaller deficit than expected at $43.1 bn (vs $43.6bn exp) and well down from the revised $46.1bn in April.

 

 

 

 

 

 

 

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Courtesy of Dave.

Jim

‘Confiscation Is Coming’ As Iranian Cops Crackdown On “Gold Hoarder” Who Collected 250,000 Coins
June 6, 2018

As the collapse of the Iranian rial has led to soaring inflation, leading to protests and civil unrest,  authorities are beginning to crack down on “gold hoarders” as Iranians scramble to preserve their wealth by swapping rials for gold, which has the added effect of exacerbating the already troubled currency’s decline.

 

 

 

 

 

 

 

 

In a move that will send a message to others who’ve buying up large quantities of gold, Iranian police have arrested a man they accused of hoarding two tonnes of gold coins with the intention of manipulating the local market. Tehran Police Chief Gen Hossein Rahimi said the unnamed 58-year-old had collected an estimated 250,000 coins over the past 10 months, working in concert with several accomplices. Police dubbed him “Sultan of Coins.”

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China To Breathe New Life In Venezuelan Oil Company Despite Ire Of US
July 5, 2018

China is lending its helping hand to Venezuela to stabilize the country’s oil sector, analysts told Sputnik, adding that Beijing’s economic activities in Latin America are apparently getting on Washington’s nerves.

China is about to breathe new life into Venezuela’s collapsing oil sector regardless of Washington’s displeasure: On July 4, 2018, Bloomberg reported that the China Development Bank is going to invest more than $250 million in the country’s crude production.

Liu Qian, analyst at the China Institute of Strategic Energy Studies, hailed Beijing’s move, stressing that Venezuela has long been one of China’s largest oil suppliers: “China’s direct investment of $250 million in Venezuelan national oil company [Petróleos de Venezuela, S.A.] will positively affect the stabilization of oil production in Venezuela and ensure delivery of crude oil to China,” he told Sputnik China.

However, according to Liu, Venezuelan economic difficulties could hardly be resolved by a one-time financial injection: “China does not exclude the provision of loans or other types of assistance to stabilize and boost oil production [in Venezuela] within the framework of a ‘loan-for-oil’ model of energy cooperation,” he highlighted.

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Courtesy of Dave.

Jim

Book Review – Losing Military Supremacy By Andrei Martyanov
July 5, 2018

[This article was written for the Unz Review]

The fact that the USA is facing a profound crisis, possibly the worst one in its history, is accepted by most observers, except maybe the most delusional ones. Most Americans definitely know that. In fact, if there is one thing upon which both those who supported Trump and those who hate him with a passion can agree on, it would be that his election is a clear proof of a profound crisis (I would argue that the election of Obama before also had, as one of its main causes, the very same systemic crisis). When speaking of this crisis, most people will mention the deindustrialization, the drop in real income, the lack of well-paid jobs, healthcare, crime, immigration, pollution, education, and a myriad of other contributing factors. But of all the aspects of the “American dream”, the single most resilient one has been the myth of the US military as “the finest fighting force in history”. In this new book, Andrei Martianov not only comprehensively debunks this myth, he explains step by step how this myth was created and why it is collapsing now. This is no small feat, especially in a relatively short book (225 pages) which is very well written and accessible to everyone, not just military specialists.

Martyanov takes a systematic and step-by-step approach: first, he defines military power, then he explains where the myth of US military superiority came from and how the US rewriting of the history of WWII resulted in a complete misunderstanding, especially at the top political levels, of the nature of modern warfare. He then discusses the role ideology and the Cold War played in further exacerbating the detachment of US leaders from reality. Finally, he demonstrates how a combination of delusional narcissism and outright corruption resulted in a US military capable of wasting truly phenomenal sums of money on “defense” while at the same time resulting in an actual force unable to win a war against anything but a weak and defenseless enemy.

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Courtesy of CIGA Bob.

Jim

“For those of you that Trust the Unseen because of all you have already seen.”

– Jim Sinclair

Astrologically the Earth is rising in potential to a  profound crescendo coming in at 2 a.m. PDT 6 July 2018, Friday, when Sun conjoins 14.25 degrees of Cancer where star Sirius currently is.  At this time there is the last quarter Moon and there is a well the water trine of Sun, Jupiter and Neptune, plus Sun-Saturn are in parallel declination.  Something decisive brewing!   O yes.     -r, mt. shasta,

The Battle Is Not Upon The Physical Plane

Posted at 5:57 PM (CST) by & filed under Jim's Mailbox.

From our friend Dan Kurz.
Bill
DK Analytics, Post #41: Trump, The “Real US Worker Deal” And Hooverism, Revisited?
July 4, 2018
The good:

“Red state” Americans, yours truly included, are grateful that President Trump is calling out the fake news for what it is: fake — and out to get any powerbrokers that threaten its pervasive media dominance. Clearly, a media with a revolving-door to bureaucrats has facilitated unprecedented industry consolidation since President Clinton signed the Telecommunications Act of 1996. The increasingly incestuous, oligopolistic relationship between big government and big business has resulted in a crony press that rivals the Pravda (“truth”) press in the former USSR. Thus, instead of news and a check on increasingly abusive government power as the Framers intended, the misnamed “Main Stream Media” (MSM) has been generating propaganda supportive of an increasingly fascist regime, i.e., the US government.

Billionaire real estate and successful entertainment tycoon Donald Trump refused to become part of today’s MSM quid pro quo. He didn’t have to, nor did he want to. Instead, he took his “America First” (including bringing jobs back home) message to “flyover country” via the Internet/his Twitter account and as supplemented by his frequent, rousing, and well-attended speeches. Critically, he was also backed by the one largely anti-leftist entity in the MSM, ratings dominating Fox News, which has long resonated with “red state” Americans. Thus, the battle lines were drawn. An all-out MSM backlash against this nonconformist ensued, and “news” morphed even more completely into statist, anti-Trump propaganda, a.k,a., fake news. It wasn’t only fabricated stories, one-sided allegations or quotes taken out of context, but utter and complete suppression by the vast majority of the MSM of lawless behavior by those positioned at the top echelons of federal power during the prior administration as well as unconstitutional behavior being carried forward into the current administration and into the 115th US Congress.

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