Posted at 3:05 AM (CST) by & filed under Jim's Mailbox.


The Riots In France Are Not Just About Taxes 

“…we can’t make ends meet. The cost of living keeps going up, and our incomes keep going down. We just can’t take it anymore. The government must stop, think and change course.”

Dec 12, 2018 2:00 AM

Sound familiar?  Do not think for one second it can’t happen here.

Perhaps people may not want to prepare for the inevitable, but our government certainly is!

See the following articles that came out in the past few days and shivers will run down your spine.

Government gold confiscation, gun confiscation, Free Speech confiscation, and last but not least….your money confiscated through excessive taxation.

CIGA Wolfgang Rech

Offshore Gold Storage “For When The US Govt Decides You Shouldn’t Own It”

“If your gold is outside the US, it gives you another degree of insulation should the United States decide that you shouldn’t own it – it’s not a reportable asset.”

  • Dec 13, 2018 9:40 PM

New Jersey Declares War On Its Residents: Plans Door-To-Door Gun Confiscation Campaign

New Jersey State Police… won’t rule out “house-to-house enforcement” of the new magazine ban…

  • Dec 13, 2018 8:25 PM

California To Tax Text Messages? Like WTF!

“It’s a dumb idea

  • Dec 12, 2018 11:25 PM

California Dem Admits “I’d Love To Regulate The Content Of Speech”

“I would love to be able to regulate the content of speech…”

  • Dec 12, 2018 8:50 PM



“It seems the Saudis learned well on the real meaning of ‘capitalism’ and ‘free’ markets.”

We are all familiar with Japan buying up trillions worth of stocks to support their market.

And even Switzerland buying stocks, US Stocks in particular (one of the largest holders of Apple stock), to help support our markets, or make a speculative profit.  You choose.  In either case, it’s wrong.

Hell, even China steps in to prevent market plunges.  We hear that constantly.

Now we see the Saudi Plunge Protection Team, following the path of the Fed’s Plunge Protection Team, in supporting the stock markets.

And all this is being done on the consumers’ dime!

Wait until a sleeping public wakes up to the “silent noise”.  And wake, they will.

Is there, or was there ever, a “Free Market” capitalistic system?

I’m beginning to believe there isn’t, or ever was, true capitalism.

CIGA Wolfgang Rech

Forget ‘Fake News’, Here’s ‘Fake Markets’ – How MbS Spent Billions To Prop Up Saudi Stocks
December 14, 2018

In politics, “when it gets serious, you have to lie.”

In the increasingly intermingled worlds of geopolitics and financials markets, when it get serious, you have to rescue your nation’s stocks…

America’s Plunge Protection Team has been a long-standing feature behind the scenes since Greenspan (some even think it has been around since 1944), ready as equity market buyer of last resort (and even getting subsidies for doing so from the exchanges).

See any number of magical and sudden reversals from 2008/9 and 2014…USA Today finally realizes, fundamentals don’t matter anymore…




Is it about free markets or a competitive advantage?


“Five Eyes” Intelligence Agencies Behind Drive Against Chinese Telecom Giant Huawei
December 14, 2018

vidence has come to light that US operations against the Chinese telecommunications giant HuaWei (华为) and the arrest and detention of one of its top executives, Meng Wanzhou, to face criminal charges of fraud brought by the US Justice Department are the outcome of a coordinated campaign by the intelligence agencies of the so-called “Five Eyes” network.

According to a major report published in the Australian Financial Review (AFR) yesterday, the annual meeting of top intelligence officials from countries in the network—the US, Britain, Australia, New Zealand and Canada—held last July decided to “co-ordinate banning” Huawei from 5G mobile phone networks.

The two-day meeting, held in the Canadian capital, Ottawa, decided that the intelligence chiefs should spend time publicly explaining “their concerns” about China.


Posted at 1:04 AM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

I believe that business can be done, most certainly when the leader of Tanzania, a strong man and a patriot, accomplishes the extinction of corruption; which is his laudable goal. To see the largest company in gold now run by the leading executives in the industry, who are working to resolve serious business differences verifies my public view of the developing positive political conditions.

James Sinclair

Bloomberg: Barrick Gold Moves Toward Resolution Of Tanzania Dispute
December 12, 2018

Barrick Gold (ABX +2.7%) has reached an agreement with Tanzania’s government on a $300M payment toward resolving a dispute that has crippled its Acacia Mining (OTCPK:ABGLF) subsidiary, Bloomberg reports.

Deal terms reportedly are now being handed off to a tax working group in Tanzania for review, then would need to be reviewed by Acacia’s board and the U.K. listing authority, and then voted on by shareholders; Tanzanian Pres. Magufuli also would need to review the findings to determine whether the deal is in the best interests of the country.

A deal would be a major victory for Randgold (GOLD +2.3%) CEO Mark Bristow, who will take charge of ABX in January upon culmination of the merger of the two miners, and is seen as an important first step should ABX decide to buy up remaining shares in Acacia it does not already own.


Posted at 12:52 AM (CST) by & filed under Bill Holter.

This article was held for 48 hours for our subscribers.


People continually ask “when” will it happen? For the last 6 months we have responded “it is happening right before your very eyes”! In fact, as of this morning 52% of global markets are now down over 20% from their highs and qualifying as bear markets. Please understand the financial backdrop these weakening markets are falling into. Bluntly, the world is facing a giant margin call that cannot be met.

Liquidity had become extremely tight even as markets made their high water marks. It is this lack of liquidity which threatens to become a self reinforcing flash crash to hell via margin calls. “Don’t worry” they say, central banks will come to the rescue. There is one fundamental problem with this line of thought, the value of the issued currencies themselves. There is zero mathematical way to service and pay off current debt with current currency values … currencies must be massively printed and thus devalued if they are to pay off the mountains of debt! Central banks created the problem, they will not be the solution. Rather, their demise will be part of the solution.

Looking at the backdrop that a revolving door of “buy the dip(pers)” on CNBC assure us is the right thing to do, the list is many and for the most part the issues are carved in stone. Obviously number one on the list are the levels of consumer, corporate, state and sovereign debt. By any measure, we have never been at current levels. Then we have the current unfunded pension problem. This is not just a US problem, it is a $400 trillion mathematical sinkhole seen worldwide.


Posted at 7:52 AM (CST) by & filed under Jim's Mailbox.

Dear Wolfgang,

When in doubt, and you are a function of the IMPACTS government ECONOMIC AFFAIRS just have the rules changed by FASB.



Damned if you do,

Damned if you don’t.

“……as a result of the spike in yields in the last summer, this massive portfolio suffered substantial paper losses”

Raise rates and you kill economic growth, and take massive hits on the value of your portfolio.

Lower rates and you fuel the speculative bubbles, and increase corp. borrowings as well as adding to your portfolio which you are trying to downsize.

And this makes you wonder even more!

“Under GAAP, an institution is required to report trading securities and those available for sale at fair or market value, rather than at face value. The Fed reports its balance-sheet holdings at face value.”

CIGA Wolfgang Rech

Fed Net Worth Turns Negative Following Record $66BN In Paper Losses
December 12, 2018
While the Fed has been engaging in quantitative tightening for over a year now in an attempt to shrink its asset holdings, it still has over $4.1 trillion in bonds on its balance sheet, and as a result of the spike in yields in the last summer, this massive portfolio suffered substantial paper losses which according to the Fed’s latest quarterly financial report, hit a record $66.453 billion in the third quarter, raising questions about its strategy at a politically charged moment for the central bank, whose “independence” has been put increasingly into question as a result of relentless badgering by Donald Trump.


Posted at 7:46 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

Grab the popcorn for this one!

House Oversight Subcommittee Hearing on the Clinton Foundation

The House Oversight Government Operations Subcommittee holds a hearing on oversight of nonprofit organizations and restrictions to their political activities, with a focus on the New York-based Clinton Foundation.


Posted at 10:17 AM (CST) by & filed under In The News.

Yellow Jackets Steal French Army Tank; PREPARED FOR CIVIL WAR WITH (((MACRON AND EU)))
December 11, 2018

PARIS, France – The Gilet Jaunes, known in English as the Yellow Jackets, are FED UP following Macron’s INSULTING offer of 100 Euros a month to basically whore their nation out to Zionist Globalist interests and continue the downward slope of their society; to demonstrate their anger, the Gilet Jaune have acquired a military tank, a Leclerc model (one of France’s MBT arsenal, and easily identified by its large periscope, reactive armor, large rear gap for engine compartment and turret swivel, and its thermal sleeve) from the Commanding Officer of a local Barracks who stands in solidarity with the Gilet Jaunes, with the Native French People, and with Western Society everywhere against the Zionist Rothschild degeneracy plaguing it and masquerading as a (((European Union))).

Already, EU mercenaries, disguised in the uniforms of French police and military have begun using BRUTAL tactics, involving the use of both LIVE AMMUNITION and ACTIVE, LETHAL GRENADES, resulting in LOSS OF LIFE and LIMB, on PEACEFUL Gilet Jaune protestors in an attempt to protect the now-defunct Zionist Occupied Government plaguing France, the EU, the US, and the whole of the Western World:


Posted at 10:33 AM (CST) by & filed under Jim's Mailbox.


We need to keep an eye on events…things are getting hotter!


Emergency Briefing Of The Head Of Donetsk People’s Republic Militia Basurin On The Situation On 10.12.2018
December 11, 2018

I would like to make the following statement. Our intelligence obtained irrefutable evidence about the Armed Forces of Ukraine AFU preparation to attack us at the direction of Mariupol. The information obtained from reliable sources fully reveals the plans of the Ukrainian security forces.

The purpose of this planned attack is to seize the territory of Novoazovsky and Telmanovsky districts and establish control over the section of the border between the DPR and Russia in the area of villages Konkovo and Kholodnoye.




The Saker has pointed out that the Ukrainian army is about to stage an attack.  The purpose of this planned attack is to seize the territory of Novoazovsky and Telmanovsky.  It would appear Russia is set to respond.


New Satellite Imagery Shows Hundreds Of Russian Battle Tanks Amassing On Ukraine Border

December 11, 2018

Ukraine’s president has recently warned Russian tanks are amassing along the border between the two countries amid increasing tensions. The comments came late last month after three Ukrainian naval boats were seized in the Kerch Strait by Russia.

President Petro Poroshenko has allegedly shown images of what he claims to be hundreds of tanks preparing for an invasion.

He told Sky News:

“This is the tank base just 18km from our border, this was happening in September, October, and now.”

“This is 18km from my border, this is the same warehouse where they have their ammunition, the same where they have multi-rocket launch systems, we should be prepared to protect my country.”

Satellite imagery from Google Earth taken sometime in November from the Defense Blog has verified Poroshenko claims. Photos show hundreds of Russian main battle tanks at a new military installation in the Kamensk-Shakhtinsky region.