Posted at 10:53 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

What’s $737 million between friends?

Pelosi’s Brother-In-Law’s Company Received $737,000,000 From Obama’s Energy Dept As “Loan Guarantee”
February 9, 2019

Opinion| To understand the future we must understand the past.  At least when it comes to what we can expect from corrupt politicians.

To envision the size of the pot of gold that Democrats envision for themselves at the other end of the Green New Deal rainbow we only have to look back to the Obama administration, the $3 Trillion in “stimulus” money, the Green Movement, and how it seemingly  enriched Democrats, their donors, and Nancy Pelosi in particular.

For background we cite a September 2011 article from the Daily Mail:

Even as government financed “green energy” pioneer Solyndra was failing, the Obama administration approved an additional $1 Billion in loans to similar green energy projects.

A whopping 737 million of that money went to the Crescent Dunes project situated in Tonopah, Nevada, to finance a 110-megawatt desert solar power plant.

Stay with me.

More…

Bill Holter’s Commentary

They will say you were duly warned…

IMF Warns Of Global Economic “Storm” As Growth Undershoots
February 10, 2019

Dubai (AFP) – The International Monetary Fund on Sunday warned governments to gear up for a possible economic storm as growth undershoots expectations.

“The bottom-line — we see an economy that is growing more slowly than we had anticipated,” IMF Managing Director Christine Lagarde told the World Government Summit in Dubai.

Last month, the IMF lowered its global economic growth forecast for this year from 3.7 percent to 3.5 percent.

Lagarde cited what she called “four clouds” as the main factors undermining the global economy and warned that a “storm” might strike.

The risks include “trade tensions and tariff escalations, financial tightening, uncertainty related to (the) Brexit outcome and spillover impact and an accelerated slowdown of the Chinese economy”, she said.

More…

Posted at 1:56 PM (CST) by & filed under General Editorial.

The following are links to articles on the topics from our Saturday talk for subscribers. As always, I encourage our listeners to read for themselves.

Dave

This week on the war front, what do you think? Is it getting better?

Perhaps China really is preparing for World War III in the South China Sea, but at the end of the day, the body of water is just that – the South China Sea. If the US refuses to accept Beijing’s claim to its island-building project in the sea and fear the potential for China to project its military prowess into the ocean, then it must equally reject its own claim over the waterways of most of the planet and send its military bases packing back to where they came from.

https://www.zerohedge.com/news/2019-02-08/us-accuses-china-preparing

 

We’re going to be there and we’re going to be staying. We have to protect Israel,” he replied when pressed by CBS reporter Margaret Brennan. “We have to protect other things that we have. But we’re – yeah, they’ll be coming back in a matter of time.” He did note that “ultimately some will be coming home.”

https://www.zerohedge.com/news/2019-02-03/death-knell-syria-pullout-we-have-protect-israel-says-trump

 

Outgoing IDF Chief of Staff Gadi Eisenkot this weekend acknowledged for the first time that Israel had indeed provided weaponry to Syrian rebel groups in the Golan Heights during the country’s seven-year civil war.

https://www.timesofisrael.com/idf-chief-acknowledges-long-claimed-weapons-supply-to-syrian-rebels/

 

https://www.sott.net/article/406599-Iran-vows-crushing-and-proportional-response-to-relentless-Israeli-strikes-in-Syria

 

Former Arms Inspector, Scott Ritter.

Some observers are concerned that the current lineup of administration hotheads is so devoid of scruples that it might well be planning to either provoke or false-flag the United States into the longed-for war against Iran.

https://www.globalresearch.ca/how-to-start-a-world-war/5667594

 

Retired Congressman, Ron Paul, likewise declared, “There’s no history to show that Iran are aggressive people. When’s the last time they invaded a country? Over 200 years ago!” Richard Falk, an emeritus Princeton professor and early advocate for Ayatollah Khomeini and later a UN official (and 9/11 conspiracy theorist), likewise repeated the trope.

http://www.aei.org/publication/iran-has-never-started-a-war/

 

“Russia and China are using Venezuela as a proxy conflict to challenge the U.S. This is more than just economic support. Russia and China are leveraging its economic support to establish a military-industrial presence in Venezuela,” Joseph Humire, executive director of the Center for a Secure Free Society, told Fox News  recently.

All of this suggests amidst what some analysts have dubbed “a new Cold War” scenario that another Cuban Missile Crisis in America’s backyard could be around the corner.

https://www.zerohedge.com/news/2019-02-04/russian-policy-venezuela-driven-oil-giant-rosneft-report

Concerns are rising among rival claimants and others that China may soon use the burgeoning facilities in the area to impose an Air Defense Identification Zone (ADIZ) in the South China Sea, a move that would restrict the aerial and maritime access to the sea region.

https://www.asiatimes.com/2019/02/article/new-fire-on-the-water-in-the-south-china-sea/

 

https://southfront.org/inf-is-dead-nuclear-war-in-europe-is-one-step-closer/

 

One of the most important statements made during the meeting came from Lavrov who said that according to Russian information…“the United States has been violating the Treaty since 1999, when it started testing combat unmanned aerial vehicles that have the same characteristics as land-based cruise missiles banned by the Treaty.”

https://www.strategic-culture.org/news/2019/02/04/breakdown-of-russian-response-to-america-bailing-inf-treaty.html

 

Empire Update

Are we, the US, missing out on global growth and partnerships because we want to be the ones in charge?

While China and Russia solidify their economic and political alliance, the U.S. is missing an historic chance to join a multilateral world, clinging instead to military empire, argues Pepe Escobar.

https://consortiumnews.com/2019/02/04/pepe-escobar-maga-misses-the-eurasia-train/

 

Threatening to sanction European nations for doing business with Iran under the terms of the 2015 international nuclear accord – which Trump unilaterally abandoned last year – has forced the Europeans to protect their own vital interests, which necessarily entails circumventing the US dollar system.

In short, the American rulers are unwittingly digging their own grave.

As Michael Hudson points out, the erstwhile US hegemony is entering into an accelerated decline, largely brought on by its own hubris and unilateral aggression – even towards supposed allies.

It seems that in order to avert this collapse of power, the US is amping up the aggression and militarism in a desperate bid to assert itself.

https://www.strategic-culture.org/news/2019/02/06/venezuela-phase-of-us-global-demise.html

 

The inept and corrupt presidency of Donald Trump has unwittingly triggered the fatal blow to the American empire—the abandonment of the dollar as the world’s principal reserve currency.

http://www.informationclearinghouse.info/51045.htm

 

The end of America’s unchallenged global economic dominance has arrived sooner than expected,” wrote US political economist Michael Hudson in a recent cogent essay.

Hudson goes on to point out with copious irony how the “end of US monetary imperialism” has been accelerated by a rightwing former real estate magnate, President Donald Trump, surrounded by a cabal of Neocons in his White House administration.

https://www.strategic-culture.org/news/2019/02/06/venezuela-phase-of-us-global-demise.html

 

In a leaked military manual on “unconventional warfare” recently highlighted by WikiLeaks, the U.S. Army states that major global financial institutions — such as the World Bank, International Monetary Fund (IMF), and the Organization for Economic Cooperation and Development (OECD) — are used as unconventional, financial “weapons in times of conflict up to and including large-scale general war,” as well as in leveraging “the policies and cooperation of state governments.”

https://www.mintpressnews.com/leaked-wikileaks-doc-reveals-how-us-military-uses-of-imf-world-bank-as-unconventional-weapons/254708/

 

Gold

As golden opportunities go, China’s Xi Jinping is being offered one that Asia’s biggest economy must not miss.

The opening in question is the gold-buying surge by the most powerful central banks. In 2018, in fact, they bought the biggest blocks of the yellow metal since Richard Nixon’s day.

The 651.5 tonnes they hoarded – spending nearly US$28 billion – was 74% more than 2017 and it was the most since 1971 when then-US President Nixon ended the gold standard.

https://www.asiatimes.com/2019/02/article/gold-fever-is-an-opportunity-for-china/

 

Great interview you both did on Greg Hunter!

Stockman has been touting gold as a must-have insurance policy. Stockman says, “The essential attribute of gold is that it is a contra central bank asset. It’s the one asset that can’t be influenced, manipulated, created or destroyed, for that matter, by the central banks. It’s the one asset that history has proven, without a doubt, can retain its value regardless of the mayhem and financial disorder caused by governments. . . . Gold is the alternative asset to a bubble ridden financial system that is driven by the central banks.”

https://usawatchdog.com/fed-is-enemy-of-maga-david-stockman/

 

This additional gold supply, however, does not meet the global demand for gold. Twenty-five percent of gold is sourced from recycling, and most of that is used for jewelry and electronics. Mining new gold is expensive and can take decades, so recycled gold becomes extremely important. It is uncertain how much gold there is left to extract, although the US Geological Survey estimates the amount to be 57,000 tons. The fact that the available amount of gold is extremely finite means that its price will only rise.

http://www.goldtelegraph.com/gold-is-money-everything-else-is-credit/

 

Gold is a highly liquid yet scarce asset, and it is no one’s liability. It is bought as a luxury good and store of value as much as an investment.

https://news.goldcore.com/ie/gold-blog/the-vital-importance-of-gold-as-a-strategic-asset-in-2019/

 

https://www.alhambrapartners.com/2019/02/01/fear-or-reflation-gold/

 

wire/threat-us-government-debt-trap

 

General Motors will begin laying off 4,250 North American salaried workers Monday morning as part of a sweeping restructuring announced in November that includes the closure of five plants and the elimination of 15,000 jobs. The plan includes the destruction of 15 percent of the company’s 54,000 North American salaried jobs.

https://www.globalresearch.ca/gm-to-lay-off-4250-salaried-workers-in-north-america-starting-monday/5667313

The world’s largest pension fund – in the world’s most demographically-challenged nation – suffered a stunning record loss in the last quarter as its Abe-supporting domestic-stock-buying-spree crushed Japan’s Government Pension Investment Fund (GPIF).

https://www.zerohedge.com/news/2019-02-01/no-need-be-pessimistic-worlds-biggest-pension-fund-suffers-record-collapse-q4

 

Would this list represent Socialism?!

https://projects.propublica.org/bailout/list

 

“America will never be a socialist country,” Trump said.

Here, in the United States, we are alarmed by new calls to adopt socialism in our country,” he said. “America was founded on liberty and independence — not government coercion, domination and control…Tonight, we renew our resolve that America will never be a socialist country.”

https://www.nbcnews.com/card/democrats-cheer-trump-promoting-juan-guaid-interim-president-venezuela-n968006

 

The U.S. national debt is wildly out of control, and nobody in Washington seems to care.  According to the U.S. Treasury, the federal government is currently $21,933,491,166,604.77 in debt.  In just a few days, that figure will cross the 22 trillion dollar mark.  Over the last 10 years, we have added more than 11 trillion dollars to the national debt,

http://theeconomiccollapseblog.com/archives/the-most-depressing-stat-of-the-month-the-u-s-national-debt-is-about-to-pass-the-22-trillion-mark

 

Your personal safety comes first.

First they came for….Does it scare you how we have demonized one group after another. Did we not see this in Germany?

Incarceration in the United States is one of the main forms of punishment and rehabilitation for the commission of felony and other offenses. The United States has the largest prison population in the world, and the highest per-capita incarceration rate

https://en.wikipedia.org/wiki/Incarceration_in_the_United_States

 

On Martin Luther King, Jr. Day, Slate’s Alvaro Bedoya published an article chronicling how the civil rights leader had been systematically surveilled, harassed and threatened by the United States government:

https://www.huffingtonpost.com/anu-joshi/the-dangers-of-see-something-say-something_b_9060958.html

 

President Trump has proved himself adroit at creating villains to serve as his political foils. In his State of the Union address on Tuesday, he introduced a new one: socialists.

https://www.nytimes.com/2019/02/06/us/politics/socialism-donald-trump.html

 

The third-ranking elected official in Virginia, Attorney General Mark R. Herring, acknowledged Wednesday that he had worn blackface at a party as an undergraduate student, deepening a crisis that has engulfed the state’s Democratic leadership.

https://www.nytimes.com/2019/02/06/us/politics/virginia-blackface-mark-herring.html

 

No, neither Nicholas nor Tuttle had  criminal pasts which might have justified a John Dillinger style takedown. Tuttle had no criminal record at all. Nicholas had a single (dismissed) bad check charge on hers.

https://www.counterpunch.org/2019/02/07/no-knock-raid-is-just-another-term-for-violent-home-invasion/

 

The US Air Force recently put out a request for samples of DNA and RNA from Russians and people of Russian descent. Their reasons are unclear. This story, fairly predictably, has got very little coverage in the MSM…none, in fact. Vladimir Putin mentioned it in a speech, and there have been articles in the alternative media (The Duran and Zero Hedge have mentioned it, and some international networks such as RT, teleSur etc.)…but mainstream news? Totally silent.

This is not some “crazy conspiracy theory”, the request (pictured above) is publicly available on US government websites.

https://off-guardian.org/2017/11/03/why-is-the-us-air-force-collecting-samples-of-russian-dna/

 

https://www.zerohedge.com/news/2019-02-01/one-biggest-home-dna-testing-companies-secretly-sharing-data-fbi

 

They would never do anything to harm us would they? Please take the time to watch this video!  They did this to all of us without our consent…

Japanese artist Isao Hashimoto has created a beautiful, undeniably scary time-lapse map of the 2053 nuclear explosions which have taken place between 1945 and 1998, beginning with the Manhattan Project’s “Trinity” test near Los Alamos and concluding with Pakistan’s nuclear tests in May of 1998. This leaves out North Korea’s two alleged nuclear tests in this past decade (the legitimacy of both of which is not 100% clear).

https://www.youtube.com/watch?v=LLCF7vPanrY

 

5G

In a medical hypothesis by Samuel Milham of Washington State Department of Health (2009) entitled “Historical evidence that electrification caused the 20th century epidemic of diseases of civilisation” Milham reveals that once Thomas Edison began electrifying New York City in 1880, the onward march of electrification correlated with sharp rises in cardiovascular disease, diabetes, suicide and cancer.

Whereas on farms and countryside areas which lagged a long way behind urban areas in acquiring electrification, incidences of such disease were barely ever seen. It was not until the 1950’s that the majority of US farms got hooked-up onto electrical power.

https://www.globalresearch.ca/synthetic-electric-shock-from-electrification-to-5g-wifi/5667541

Posted at 1:35 PM (CST) by & filed under Jim's Mailbox.

Courtesy of Dave.

Jim

The State of the Union: These Are Dangerous Times, and the Government Is To Blame
February 08, 2019

These are dangerous times.

Mind you, when I say that these are dangerous times, it is not because of violent crime, which remains at an all-time low, or because of terrorism, which is statistically rare, or because our borders are being invaded by armies, which data reports from the Department of Homeland Security refute.

No, the real danger that we face comes from none other than the U.S. government and the powers it has granted to its standing army to steal, cheat, harass, detain, brutalize, terrorize, torture and kill.

The danger “we the people” face comes from masked invaders on the government payroll who crash through our doors in the dark of night, shoot our dogs, and terrorize our families.

This danger comes from militarized henchmen on the government payroll who demand absolute obedience, instill abject fear, and shoot first and ask questions later.

This danger comes from power-hungry bureaucrats on the government payroll who have little to no understanding of their constitutional limits.

This danger comes from greedy politicians and corporations for whom profit trumps principle.

More…

 

Jim/Bill,

The western Governments are turning on their own people. We saw this in Occupy Wall Street. Watch the first couple minutes, see for yourselves.

Dave

GRAPHIC: Photographer’s Hand Blown Off By Police Grenade During Yellow Vest Mayhem
February 9, 2019

A man’s hand was blown off by a police grenade in Paris on Saturday during the 13th straight week of Yellow Vest protests.

Capturing the graphic aftermath of the incident was Ruptly – the video agency of Russia’s RT.

The Ruptly crew who filmed the horrific aftermath of the blast injury say they rushed over after hearing an explosion, and found the injured protester surrounded by paramedics.

Police fired tear gas and flash grenades to deter protesters, while demonstrators threw the canisters back towards police and lobbed signs and pieces of boarding as projectiles.

An eyewitness told the AFP that the grenade which obliterated the protester’s hand was fired by police to disperse the crowd. –RT

More…

 

Q’s latest post, I wish I had written this – it is so correct!

Courtesy of JB.

Jim

https://thehill.com/opinion/white-house/429292-the-case-for-russia-collusion-against-the-democrats
2682 Define ‘Projection’.
How do you fix something that is known to be broken (corrupt)?
Do you first need to remove those responsible?
Think FBI/DOJ ‘exit’ list.
How do you ‘restore’ the image (public faith) of our most prestigious ‘law enforcement’ institutions?
Hold people accountable?
Equal justice under the law?
The battle begins (as seen today) w/ public opinion.
The FIGHT to win PUBLIC FAVORABILITY.
The FIGHT to control the NARRATIVE.
How do D’s control the NARRATIVE?
1) FAKE NEWS MEDIA push of ‘by design’ narrative [daily updates – 4am]
2) FAKEWOOD echo of ‘by design’ narrative
3) SOCIAL MEDIA stream/promote of ‘by design’ narrative + censor/block/ban of challenger(s) of that narrative
Do they provide evidence to support their conclusions?
POTUS/RUSSIA narrative – evidence?
None.
POTUS racist narrative – evidence?
None.
POTUS …………(you can play this game all day long)
‘None’.
What do they count on?
How many experiments have been conducted by the C_A re: mind control?
Psych 101: If you hear & see something over and over again by multiple (supposedly credible) news agencies, elected officials, actors/actresses, documentaries on TV, movies, internet, social media, foreign press etc. all pushing the same narrative/conclusions…….what happens?
Do FACT-LESS claims become FACTS in the minds of many?
Do they count on the fact that w/ work, family, stresses of life, etc. that the typical person does not have enough time in the day to research topics for themselves and therefore would believe narratives projected in the echo chamber w/o the need to provide facts or substance other than opinion?
Why do they try so hard to keep you DIVIDED by race, gender, class, ……?
Notice an increase in this push over the past 2-years?
Are you stronger together/UNITED or DIVIDED?
If you dare to challenge their narrative are you cast out [banned] by society as a threat/conspiracy theorist etc..?
Are you cast out by members of your own family?
‘DIVIDED’
‘Group-Think’
THEY DO NOT WANT YOU TO THINK FOR YOURSELF.
A FREE-THINKING ‘LOGICAL’ PERSON WHO DRAWS CONCLUSIONS BASED ON FACTS ARE, PUT SIMPLY, A THREAT TO THEIR CONTROL/POWER GRIP.
ALL THEY CARE ABOUT IS CONTROL [I.E. POWER].
WITH CONTROL COMES PERSONAL GAIN.
They want to keep you poor and in need of government assistance.
Bigger the gov’t, the more CONTROL they have, the more POWER they possess.
When you are in need, you are weak.
When you are weak, you are not strong.
When you are not strong, you do not FIGHT BACK.
This is as real as it gets.
They never thought she would lose.
Why? See above re: Control.
Transparency is the only way forward.
Transparency is the only way to PROVE TO THE PUBLIC that everything SOLD TO YOU as TRUTH was nothing but a FAKE NARRATIVE DESIGNED TO KEEP, YOU, THE PEOPLE, POWERLESS, AND KEEP THEM, IN CONTROL [I.E. IN POWER].
FAKE NEWS’ [propaganda arm of the Democrat machine] sole responsibility is to prevent the TRUTH from ever being disseminated to the masses.
Mass Infiltration (everywhere).
Transparency is the only way forward re: public opinion.
Prosecution is the only way forward re: save & defend the rule of law.
Prosecution and Transparency is the only way to save our way of life.
Q

Available here

Posted at 1:26 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

Weekend comedy…about as serious as a heart attack!

Weekly Commentary: Delusional
February 9, 2019

February 8 – Bloomberg (Brian Chappatta): “Bond traders are dusting off their tried and true post-crisis playbook after the Federal Reserve’s pivot last month. What they don’t realize is that the game has most likely changed. In an unabashed reach for yield, investors suddenly can’t get enough of the riskiest debt, with the Bloomberg Barclays U.S. Corporate High Yield Bond Index posting a staggering 5.25% total return in the first five weeks of 2019, led by those securities rated in the CCC tier. In the largest CCC borrowing since September, Clear Channel Outdoor Holdings Inc. received orders this week of more than $5 billion for a $2.2 billion deal, allowing it to price its debt to yield 9.25%, compared with whisper talk of about 10%.”

A Friday headline from a separate Bloomberg article: “Corporate Bonds on Fire as Dovish Fed Soothes Investors,” with the opening sentence: “Fear is turning to exuberance in credit markets.” According to Lipper, corporate investment-grade funds enjoyed inflows of $2.668 billion last week, with high-yield funds receiving $3.859 billion. Bloomberg headline: “High-Yield Bond Funds See Biggest Inflow Since July 2016.” This follows the biggest high-yield inflows ($3.28bn) since December 2016 from two weeks ago.

There’s support for the argument that financial conditions have loosened significantly over recent weeks. Prices of corporate bond default protection have declined. After trading as high as 95 bps on December 24th, by Tuesday an index (Markit) of investment-grade credit default swap (CDS) prices had dropped all the way back to 64 (near October levels). Risk premiums have narrowed, especially for high-risk junk bonds. U.S. high-yield spreads (Bloomberg Barclays) traded as wide as 537 bps on (tumultuous) January 3rd. By this Wednesday, they were back down to 400 bps (still significantly above the 300bps from October 3rd).

More…

Posted at 4:58 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

The 2008 Great Financial Crisis through the eyes on an insider…

Inside the 2008 Financial Crisis & The Lessons Learned – Mike Silva (former NY Fed)
February 9, 2019

This may well be one  of the most important articles we have run on this blog in some time. In this article we feature an article written by Mike Silva. Mr. Silva served as the Chief of Staff for Tim Geitner at the NY Fed and stayed on at the NY Fed under new President Bill Dudley when Tim Geitner moved on to become Secretary of the Treasury.

In this position, Mr. Silva had a front row seat during the most recent financial crisis in 2008-2009. Most of us suspected the entire financial system was closer to implosion that we realized at that time and Mr. Silva confirms that to be true in this article. He goes on to explain how and why certain actions were taken to prevent total systemic collapse. In the conclusion to his article he states very clearly that he believes we will have another major financial crisis “sooner rather than later”.  Given his insider position, this is clearly an article we all need to read and understand. Below are a few excerpts and then a few added comments.

INTRODUCTION

“During the financial crisis, I served as Tim Geithner’s chief of staff at the New York Fed and, then when Tim became Secretary of the Treasury, I served as chief of staff for the next president, Bill Dudley. My role allowed me to directly observe an impossibly small number of Americans at the New York Fed, the Board of Governors of the Federal Reserve and the Treasury Department fight desperately to save the financial future of all Americans. Thank you for this opportunity to tell their story.”

More…

Posted at 9:46 AM (CST) by & filed under Jim's Mailbox.

Wolfgang,

That is called “Debt Monetization” and is very inflationary.

A way of paying off or otherwise financing debts accrued by a government by that same government or its independent central bank, in order to print more money and increase the monetary base. This can be done by issuing new bonds and/or selling domestic debt to foreign countries. Also called monetization.

More…

Jim

Jim/Bill,

THE US GOVERNMENT ITSELF IS BUYING ITS OWN DEBT!

THINK ABOUT THAT FOR A SECOND.

FRIGHTENING BECAUSE THE WORLD IS SELLING OFF ITS HOLDINGS.

“But even as the US added to its debt load, foreign holders of US Treasurys are gradually selling them off. So, who’s buying up all of this debt? And is it sustainable? ”

US government entities such as pension funds, Social Security, etc. increased holdings to a total of  $5.87 trillion.

American banks (very large holders), hedge funds, pension funds, mutual funds, and other institutions along with individual investors in their brokerage accounts or at their accounts with the US Treasury increased their holdings to $7.5 trillion.

CIGA Wolfgang Rech

US Adds $1.5 Trillion to Debt in 12 Months; Who’s Buying All These Bonds?
February 5, 2019

Over the past 12 months, the US federal government has added $1.5 trillion to the national debt.

As of Jan 30, the debt stood just under the $22 trillion mark at $21.97 trillion, according to the latest Treasury Department data. As WolfStreet put it, we’re seeing these rapidly increasing levels of debt during “good times when the economy is hopping. At the next recession, this is going to get cute.”

But even as the US added to its debt load, foreign holders of US Treasurys are gradually selling them off. So, who’s buying up all of this debt? And is it sustainable?

clip_image001

More…

 

See, there is not meddling in the gold market! Harry Dent told us so.

Courtesy of JB.

Jim

Federal Judge Tells Traders They Can Combine Cases Accusing JP Morgan Of Rigging Metals Market
February 7, 2019

A group of traders from across the U.S. who allege that J. P. Morgan Chase manipulated precious metals markets for years are one step closer to bringing a class action suit against the nation’s largest bank.

Earlier this month, a federal judge said five separate lawsuits making similar allegations against the bank could be combined, potentially including thousands of people who traded in the precious metals market from Jan. 2009 through Dec. 2015.

Litigation in a separate civil case has been put on hold until at least May at the behest of the Justice Department, which is investigating a “related criminal case” that involves alleged market manipulation by precious metals traders at J. P. Morgan.

JP. Morgan declined to comment on this story.

More…

 

Jim and Bill,

Let’s hope for the best in the year of the Pig.

Dave

Year Of The Pig Is Here! Literally
February 8, 2019

. . .

The most important for this year, is to convince the global public that the West (and its colonies) have lost absolutely all the right to even utter such definitions as “democracy”, “freedom” or “human rights”.

For centuries and decades, these concepts have been brutally violated by all Western colonialist powers, and as a result, hundreds of millions of oppressed people have been dying, or living in appalling slums under fascist dictatorships.

Today, the West is the greatest ideologically fundamentalist, as well as undemocratic force on earth. Great majority of people there accepted all ideological dogmas of ‘exceptionalism’, while conquered nations are also forced to believe in Western exceptionalism.

The West tries to systematically overthrow all democratic, free and independent governments on earth. Then, it replaces them with servile and corrupt regimes that rob their own people and deliver loot to the doorsteps of the masters in New York, London and other ‘white’ Western capitals. The West is running the most brutal, racist, and morally defunct system in the history of the world. It is a fascist system, which is propelled by business, brainless consumption, moral emptiness, enslavement and shameless control as well as gray uniformity.

More…

 

Jim,

We covered this many Saturdays ago.

Dave

‘Like It or Not, We Have Lost’: Retired US General Concedes Afghan Defeat
February 8, 2019

“The Taliban are the victors,” says retired US Brig. Gen. Don Bolduc, who saw 69 of his soldiers killed in Afghanistan. “We just haven’t figured that out yet.”

Absorbing the fact that the US has lost militarily in Afghanistan will be a “bitter pill” for the soldiers he fought with, Bolduc told Yahoo News Friday.

“They did what they were asked, they did the right thing, and they watched their teammates get maimed, get killed, and because of the failure of our policymakers and our senior military leaders, they’re going to have to swallow this pill,” he said.

Trump Vows to Return US Troops From Afghanistan if Peace Deal Signed With Taliban

The retired Special Forces officer says he has the dog tags of all 69 men who were lost during his five years in Afghanistan as a token to remind him of the “price for bad policy and strategy.”

More…

 

Yes, Jim, you and Bill are at least trying to do something.

Dave

35 Mind Blowing Facts About America That Previous Generations Of Americans Never Would Have Believed
February 8, 2019

. . .

These days, just about everyone that tries to step forward and shake up the system is slapped with heavy criticism.

But at least they are trying to do something.

Holding an important position does not make you a leader.  Rather, being a leader is about having a positive vision for the future and doing whatever you can to achieve that vision.

We have way too many “leaders” out there that are simply filling seats.  Our country is literally falling apart at the seams, and all they can think about is protecting their careers.

America desperately needs change, but unfortunately we have very few change agents.  So we continue to steamroll toward our date with destiny, and time is not on our side.

More…

 

Jim,

The powers that be have been planning an over throw.

Dave

How Chrystia Freeland Organized Donald Trump’s Coup in Venezuela
February 7, 2019

On Monday, February 5th, Canadian Foreign Minister Chrystia Freeland announced that the 14 countries of the Lima Group — who had actually formed themselves under her direction into this new group on 8 August 2017 in order to overthrow and replace Venezuela’s current President Nicholas Maduro — have now been joined (though she didn’t say to what extent) by the EU, and by 8 other individual countries. She stated:

“Today, we have been joined by our Lima Group partners, from Argentina, Brazil, Chile, Colombia, Costa Rica, Guatemala, Guyana, Honduras, Panama, Paraguay, Peru, and Saint Lucia. We have also been joined in our conversations with our partners from other countries, for this Lima Group ministerial meeting. These include Ecuador, the European Union, France, Germany, the Netherlands, Portugal, Spain, the United Kingdom, and the United States.”

She, along with US President Donald Trump, had, all along, been the actual leaders of this international diplomatic effort, to violate the Venezuelan Constitution blatantly, so as to perpetrate the coup in Venezuela.

More…

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

Kevin with an RMB/Gold update for us.

Bill

As a follow up to last week’s post that:

“There is no permanent peg to RMB (CNY) Gold. It only appears that there is a peg when the Chinese are accumulating physical gold production from overseas and draining the West’s inventory. This is now complete and RMB (CNY) gold price is set to move big while RMB (CNY) stays mostly constant. Fact – RMB Gold x RMB = $US Gold Price”

What RMB (CNY) Gold appears to be pegged to is the JPYCNY cross currency forex rate as the first set of charts indicates. What RMB (CNY) Gold is not pegged to is the CNYUSD forex rate as the second set of charts indicate.

Again the next move higher in RMB (CNY) Gold and USD Gold will most likely occur soon and with very little change in CNYUSD rate but with a substantial increase in Yen versus the RMB (CNY)

CIGA Kevin

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