Posted at 4:54 PM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

The latest from John Williams’

– Federal Reserve Liquidity Squeeze Has Intensified Sharply, Threatening to Smother Any Nascent Economic Recovery
– Annual Real Money Supply Growth Has Slowed Anew, Annual Nominal Monetary Growth Base Is Plummeting
– August 2018 Private Labor-Market Surveying Showed Weakening Activity
– August Household-Survey Employed Dropped by 423,000 (-423,000), with Full-Time Employed Down by 444,000 (-440,000)
– Headline August Payroll Gain of 201,000 Was 151,000, Net of Revisions
– August U.3 Unemployment Edged Lower to 3.85%, from 3.87% in July; Broader U.6 Unemployment Fell to 7.39% from 7.54%. On Top of U.6, ShadowStats-Alternate Unemployment Declined to 21.2% from 21.3%
– Labor-Market Stresses Increased Sharply, Consistent with Headline Unemployment Closer to a Record High than Just Off a Record Low
– July Nominal Balance-of-Payments and Real-Merchandise Trade Deficits Deteriorated Sharply, Likely to Reverse Trade Boosts to Second-Quarter GDP
– July Real Construction Spending Continued Dropping Month-to-Month, Slowing Year-to-Year, Holding Shy of Its Pre-Recession Peak by 20.5% (-20.5%)

“No, 969-A: August Labor Numbers and Money Supply M3, July Trade Deficit and Construction Spending”

Posted at 2:10 PM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

The latest from John Williams’

– Statistical Deception Bloats Headline U.S. Economic Growth
– “Pollyanna Creep” Has Added 18.1% to Nominal Gross Domestic Product Since 1980
– Second-Quarter Real GDP Growth Rose to 4.23% from 2.22% in First Quarter, While “GDP Equivalent” Gross Domestic Income Sank to 1.81% from 3.90%
– Official Second-Quarter Real GDP Stood 17.5% Above Its 2007 Pre-Recession Peak, Yet It Held Shy by 5.2% (-5.2%) of Recovering that Peak, When Corrected for the Deliberate Understatement of GDP Inflation
– Underlying Economic Reality Reflects Activity That Is Off Bottom, but Well Shy of Headline Expansion, in Fragile Mixed-Growth Stability as Confirmed by Better-Quality Broad Economic Measures
– Yet, Private Labor Market Surveying, the Real Merchandise Trade Deficit and Real Construction Spending All Faltered in the Latest Reporting
– Federal Reserve Policies Threaten Any Nascent Economic Recovery, as Systemic- and Consumer-Liquidity Conditions Tighten Meaningfully
– GDP Benchmarking Pivoted on the Fourth-Quarter 2007 Business-Cycle Peak; Prior Activity Shifted Lower; Subsequent Activity Shifted Increasingly Higher
– Benchmarking Showed the Headline Economic Collapse into 2009 to be Shallower, the Headline Recovery and Expansion to be Somewhat Faster and Stronger, Along with Follow-Through Distortions Inflating the Latest Headline GDP Growth

Commentary No. 968b: U.S. Economic Reality, Second-Quarter GDP, Second-Cut Comprehensive GDP Revisions

Bill Holter’s Commentary

As Paul Harvey used to say, here’s the rest of the story!

Employment: Mother of God (Forum)
September 7, 2019

Ok, I know I tweeted that this would be delayed, but I think it needs publication now — I may have to come back and revisit it, but for the moment… here it is:

Toyal nonfarm payroll employment increased by 201,000 in August, and the unemployment rate was unchanged at 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health care, wholesale trade, transportation and warehousing, and mining.

No it didn’t.














Jim Sinclair’s Commentary

“Q” simply has been extremely correct concerning past political developments. His warnings and stated reasons why make it imperative that this come to you.

Repost by Permission: Russia Prepares After Trump Forces Warn Of Military Rule And Executions In Response To “Sleeper Cell” Awakening In White House
September 6, 2018

By: Sorcha Faal, and as reported to her Western Subscribers

In what can only be described as a “when will this madness end” new Security Council (SC) report circulating in the Kremlin today, President Putin has agreed to immediately place himself  under the protection of the Ministery of Defense (MoD) during the largest-ever in the history of modern Russia war exercise Vostok-2018 due to begin on 11 September—and is due to fears related to the growing crisis erupting in America that has seen a “Deep State” aligned “sleeper cell” awakening in President Trump’s White House threatening to topple the existing US government—and that Trump-loyalist US Senator Lindsey Graham rapidly responded to during a hearing, where socialist-communist agitators were discovered being paid from “bags of cash”, when he shockingly began confirming with US Supreme Court nominee Judge Bret Kavanaugh that the US is now in a state of war under the full jurisdiction of military tribunals whose authority authorizes them to execute those found being enemies of the state.  [Note: Some words and/or phrases appearing in quotes in this report are English language approximations of Russian words/phrases having no exact counterpart.]

. . .























Bill Holter’s Commentary

Oh yes, this ought to go over really well with the “deplorables”. I would hope he doubles and triples down on his “Nazi” meme…guaranteeing a red tsunami!

Obama Condemns Trump, “Nazi Sympathizers” In Fiery Speech Warning Of “Dangerous Times”
September 7, 2018

Former President Obama jumped into the political fray on Friday, lashing out at Donald Trump by name in what appears to be his first crack at energizing Democrats for midterms.

Trump says he fell asleep.

“I’m sorry. I watched it, but I fell asleep. I found he’s very good — very good for sleeping,” the President said during a Fargo, ND fundraiser.

While giving an acceptance speech for the Paul H. Douglas award for Ethics in Government at the University of Illinois at Urbana-Champaign, Obama said that President Trump is simply capitalizing on discontent whipped up over many years, while asking “What happened to the Republican Party?” while adding that Americans have “moments” when people who are “genuinely, if wrongly, fearful of change” have pushed back against progressive American ideals.

“You happen to be coming of age during one of those moments,” Obama said. “It did not start with Donald Trump, he is a symptom, not the cause. He is just capitalizing on resentment that politicians have fanning for years. A fear, an anger that is rooted in our past but is also borne in our enormous upheavals that have taken place in your brief lifetimes.”


Posted at 2:00 PM (CST) by & filed under Jim's Mailbox.

Courtesy of Dave.


Trump vs Deep State is Just Drama: We Are Being Played
September 6, 2018









If any evidence existed to be found that Donald Trump had illegally colluded with the Russian government to rig the 2016 presidential election, that evidence would have been picked up by the sprawling surveillance networks of the US and its allies and leaked to the Washington Post before Obama left office.

Russiagate is like a mirage. From a distance it looks like a solid, tangible thing, but when you actually move in to examine it critically you find nothing but gaping plot holes, insinuation, innuendo, conflicting narratives, bizarre mental contortions to avoid acknowledging contradictory information, a few arrests for corruption and process crimes, and a lot of hot air. The whole thing has been held together by nothing but the confident-sounding assertions of pundits and politicians and sheer, mindless repetition. And, as we approach the two year mark since this president’s election, we have not seen one iota of movement toward removing him from office. The whole thing’s a lie, and the smart movers and shakers behind it are aware that it is a lie.

And yet they keep beating on it. Day after day after day after day it’s been Russia, Russia, Russia, Russia. Instead of attacking this president for his many, many real problems in a way that will do actual damage, they attack this fake blow-up doll standing next to him in a way that never goes anywhere and never will, like a pro wrestler theatrically stomping on the canvass next to his downed foe.


Posted at 10:18 AM (CST) by & filed under Jim's Mailbox.

Are we at the point where they can no longer lie their way out?


Angela Merkel Admits Collapse Of Brexit Talks Cannot Be Ruled Out
September 4, 2018

Angela Merkel has warned her country’s business leaders that the Brexit negotiations are in danger of collapse.

With talks in Brussels at an impasse with just months to go before a deal needs to be agreed, the German chancellor made a rare intervention at a conference in Frankfurt.

She told major players in the world of German finance on Tuesday: “We don’t want the discussions to break down. We will use all our force and creativity to make sure a deal happens. We don’t want these negotiations to collapse. But we also can’t fully rule that out because we still have no result.”

The EU says it needs a deal to be struck on the withdrawal agreement covering citizens’ rights, the £39bn divorce bill and the Irish border, along with the political declaration on the future deal, by November at the latest.

The German chancellor has generally played a backseat role in the talks, preferring to intervene only at crunch points at EU summits.


Jim, do you get the idea there might be a world wide deep state working against the best interest of all the people?


‘Five Eyes’ Nations Quietly Demand Government Access to Encrypted Data
September 4, 2018

WASHINGTON — The Trump administration and its closest intelligence partners have quietly warned technology firms that they will demand “lawful access” to all encrypted emails, text messages and voice communications, threatening to compel compliance if the private companies refuse to voluntarily provide the information to the governments.

The threat was issued last week by the United States, Britain, Australia, New Zealand and Canada, the so-called Five Eyes nations that broadly share intelligence. Collectively, they have been frustrated by the spread of encrypted apps on cellphones and the ability to send encrypted messages through social media and, most prominently, on Apple’s iPhones.

The issue flared repeatedly during the Obama administration, with the former F.B.I. director, James B. Comey, warning that law enforcement officials were “going dark” as nefarious actors relied on encrypted channels to discuss or plan criminal activity or terrorist plots. But the Trump administration has said little about the subject, even after the meeting in Australia where the demand was issued in a joint statement by the five nations.

“Should governments continue to encounter impediments to lawful access to information necessary to aid the protection of the citizens of our countries,” the joint statement said, “we may pursue technological, enforcement, legislative or other measures to achieve lawful access solutions.”


Posted at 10:13 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

Uhm, the saddest thing is that more than 1 in 5 Americans would HAVE TO take on debt to afford the new I-phone…there is no other option! Do you understand the nuance?

1 In 5 Americans Would Take On Debt To Afford The New iPhone
September 5, 2018

Apple may be bracing to ship 20% fewer iPhones later this year after its newest models, specs of which leaked earlier this week, finally hit the market, but that doesn’t mean the cultural cache of owning an iPhone has in any way diminished. While reports of a decline in component orders earlier this year could be chalked up to market saturation or the higher price point (consumers could be asked to shell out as much as $1,400 for the most expensive new models, according to reports that have been circulating since before last year’s launch), an interesting new survey by WalletHub revealed that many American handset owners simply don’t care about the price.

Indeed, at a time when total household debt is hitting one record after the next and revolving credit is soaring, nearly 28 million Americans believe that owning the newest iPhone is worth racking up debt. According to WalletHub’s 2018 Credit Score and iPhone survey, this view is particularly prominent among millennials. More than 18% of respondents under the age of 45 said it would be worth going into debt for the phone, compared with 5% of those who are more than 45 years old.

Despite the deluge of debt being incurred by the American consumer, credit scores remain generally high (unsurprising considering the robust Trump-era economy). Thanks to this trend, millions of consumers can access financing plans that will help them purchase new phones, ensuring a bump to device sales for the first company publicly traded in the US to reach $1 trillion market cap.


Bill Holter’s Commentary

Anonymous? If something is true, say it in public like a real man. If not, wilt like the anonymous daffodil you are?

Trump Rips Searing Times Op-Ed From Unnamed Senior Official
September 6, 2018

WASHINGTON (AP) — In a striking anonymous broadside, a senior Trump administration official wrote an opinion piece in The New York Times on Wednesday claiming to be part of a group of people “working diligently from within” to impede President Donald Trump’s “worst inclinations” and ill-conceived parts of his agenda.

Trump said it was a “gutless editorial” and “really a disgrace,” and his press secretary called on the official to resign.

Trump later tweeted, “TREASON?” and in an extraordinary move demanded that if “the GUTLESS anonymous person does indeed exist, the Times must, for National Security purposes, turn him/her over to government at once!”

The writer, claiming to be part of the “resistance” to Trump but not from the left, said, “Many Trump appointees have vowed to do what we can to preserve our democratic institutions while thwarting Mr. Trump’s more misguided impulses until he is out of office.” The newspaper described the author of the column only as a senior official in the Trump administration.

“It may be cold comfort in this chaotic era, but Americans should know that there are adults in the room,” the author continued. “We fully recognize what is happening. And we are trying to do what’s right even when Donald Trump won’t.”


Posted at 4:06 PM (CST) by & filed under Jim's Mailbox.

Courtesy of Mike Martin.


The difference over time between the ETF for GLD and the Standard and Poors says

Assets under management, August 22, 2011…
Gold ETF: $77.5 billion (largest ETF in the world)
S&P 500 ETF: $76.5 billion
Assets under management, Today…
Gold ETF: $29.2 billion
S&P 500 ETF: $275 billion (largest ETF in the world)$GLD $SPY

Posted at 4:03 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

This man was not cut from the roster, he quit…and ultimately took a knee before God his Father!