Posted at 12:10 PM (CST) by & filed under Jim's Mailbox.

Jim Sinclair’s Commentary

The latest from John Williams’

– New-Home Sales Reporting-Illusion Reflected Absurd Volatility: Multi-Decade-High Surge of 17.5% in November 2017 Sales Was a Gimmick; Considering Massive Downside Revisions, Recast Sales Boom Contracted by 1.9% (-1.9%);
Headline Detail Still Shy by 47.2% (-47.2%) of Recovering Pre-Recession Peak
– Boosted Heavily by Unstable Seasonal Adjustments, November Existing-Home Sales Jumped 5.6% Month-to-Month, Still Holding Shy by 20.0% (-20.0%) of Recovering Its Pre-Recession Peak
– As Hurricane-Disruptions Work Out of the New Orders System, Real Annual Durable Goods Growth Slowed Sharply, Ex-Volatile Commercial Aircraft
– Real New Orders for Durable Goods Remained Down by 9.7% (-9.7%) from Recovering Its Pre-Recession Peak
– Third Estimate of Real Third-Quarter 2017 GDP Revised to 3.16% (Previously 3.30%), versus 3.06% in Second-Quarter 2017
– Second Estimate of Third-Quarter Gross National Product (GNP) Revised to 3.65% (was 3.47%); Gross Domestic Income (GDI) Revised to 2.03% (was 2.53%)
– Better-Quality Economic Measures Still Show No Full Recovery from the Collapse into 2009 and No Economic Expansion

“No. 928: November Durable Goods Orders, Home Sales and Revised GDP”

Posted at 12:07 PM (CST) by & filed under General Editorial.


Confirmed this morning what I suspected two weeks ago.

Julius Baer, a private Swiss bank has not only booted out all Americans from the bank as account holders,but they now will not allow the purchase of Americas shares or assets from Client portfolios, and will not do USD Forex. They have in essence cut off doing business with Americans.

And they are not alone, as the pace of isolating Americans grows and does affect Canadians as well.

This article while not all encompassing does give a good picture of what is steaming along.


Russia and China Challenge Dollar Domination
December 20, 2017

The Russian government has recently announced it will issue nearly $1 billion equivalent in state bonds, but denominated not in US dollars as is mostly the case. Rather it will be the first sale of Russian bonds in China’s yuan. While $1 billion may not sound like much when compared with the Peoples’ Bank of China total holdings of US Government debt of more than $1 trillion or to the US Federal debt today of over $20 trillion, it’s significance lies beyond the nominal amount. It’s a test run by both governments of the potential for state financing of infrastructure and other projects independent of dollar risk from such events as US Treasury financial sanctions.

Russian Debt and China Yuan

Since the August 1998 sovereign default triggered by the West, Russian state finances have been prudent to almost a fault. The size of the national government debt is the lowest of any major industrial country, a mere 10.6% of GDP for the current year. This has enabled Russia to withstand the US financial warfare sanctions imposed since 2014, and forced the country to turn elsewhere for their financial stability. That “elsewhere” is increasingly called the Peoples’ Republic of China.

Now the Russian Ministry of Finance is reportedly planning the first sale of Russian debt in the form of bonds denominated in Chinese yuan currency. The size of the first offering, a testing of the market, will be 6 billion yuan or just under $1 billion. The sale is being organized by the state-owned Russian Gazprombank, the Bank of China Ltd., and China’s largest state bank, Industrial & Commercial Bank of China. The move is being accelerated by reports that the US Treasury is examining potential consequences of extending penalties, until now concentrated on Russian oil and gas projects, to include Russian sovereign debt in its sanctions warfare. The new yuan bond will be traded on the Moscow Exchange and will aim to sell to mainland Chinese investors as well as international and Russian borrowers at attractive interest rates.


Posted at 1:40 PM (CST) by & filed under Jim's Mailbox.

There is no greater risk economically or terminally to mankind other than robots when driven by Artificial Intelligence. This is not sci-fi, but the end of times.




Greed is good?

People:  Greedy for stock profits.

Amazon:  Greedy for bottom line profits.

55,000 robots to be added this year, on top of the already 45,000 added prior year!

Wait until the next recession hits!

Keep buying Amazon stock folks.  Help them help you lose your job.

CIGA Wolfgang Rech

About That Plan For Amazon’s Second Headquarters: How Long Will Those Jobs Last?
December 22, 2017

Amazon added 55,000 robots this year as the company’s human workforce declined by this staggering amount. Here’s the details…

 (Natural News) Any time the topic comes up of using robots for logistics, warehouse workers are told there is no need to be concerned because robots cannot completely replace humans. While we’d all like to believe that’s true, the 24,000 workers who have found themselves redundant at Amazon as its robot workforce grows would surely beg to differ.

According to Quartz, Amazon has added 55,000 robots so far this year. This is a marked increase over the 45,000 robots they had at the end of last year. At the same time, they’ve had a decline of 24,000 human workers. Is it just a coincidence? Experts don’t think so.

According to projections by Quartz, machines could end up making up 20 percent of Amazon’s total employee base by year’s end. This is part of the reason the company is so successful and that its investors are so pleased, but it’s a far different story for those who work there.

It’s not just Amazon workers feeling the pinch, by the way. Retail workers in industries that compete with Amazon, such as bookstores, are also expected to drop in number by one percent year-over-year in the first yearly decline noted since the year 2009. It might sound like a tiny fraction, but it accounts for 170,000 job losses.

The highly efficient robots used by Amazon far outperform humans. According to CNBC, one human Amazon worker needs an average of 90 minutes to find a particular product and then package it, while robots can bring that time down to just 13 minutes.

Cities vying for Amazon’s new headquarters

It’s interesting to note that 238 cities have bid to be the home of Amazon’s second headquarters. The firm will choose a location next year, where it says it plans to invest $5 billion in construction and create as many as 50,000 jobs over the next 20 years.

That all sounds great on the surface, but just how long will those 50,000 jobs last? After all, the firm has already invested more than $775 million to deploy robots that can automate the work done by humans in warehouses. Are these cities that are so frantically bidding for the new headquarters – some of which are turning to ridiculous stunts to get attention – keeping this fact in mind?

Quantitative futurist Amy Webb told Business Insider: “We know that Amazon is working full bore toward automation and isn’t planning on having humans in its warehouses forever. If you were to model this out using the data we have, how probable is it that 20 years into the future that HQ2 is still employing humans?”



Yes, it’s only toys.

But why?

Look at the underlying premise:

There’s tons of money sloshing around, looking for a home.

And it will eventually come around to bite us in the ass.

Already, fine art auctions are setting all time record highs;  housing is at, or at least near, record highs.

Ever go out and try to buy halibut, salmon, steak, or even chop meat?

And how them veggies.  Record high prices.  So much for healthy eating!

Then again, you can still get pasta for $ .70 a pound.

What the pasta price.  When that rises, it’s game over.

CIGA Wolfgang Rech

Hyperinflation Watch: Last Minute Christmas Shopping (Star Wars Edition)
December 21, 2017

They may still be available if you act now, just don’t say we didn’t warn you when you see a comma and five digits (to the left of the decimal point)…

On the latest installment of the hyperinflation watch, we feature some last minute gift ideas for the holiday season.

Who needs an ounce of gold when you can have the Millennium Falcon:

Now you may be thinking: But that’s just some re-seller gouging the price?

Nope. Take a closer look. That’s Lego itself hawkin’ the goods…



“This could be WORSE than Watergate!”


Sen Rand PAUL Calls For Investigation Of OBAMA CONSPIRACY To Steal Election
December 22, 2017

Over the past few months, the clear thinking legislators who recognize the increasing likelihood of a conspiracy to, through the abuse of power by Obama officials, tilt the election to Hillary Clinton have been members of the House.

With the exception of occasional mentions by Senators Ted Cruz, Charles Grassley and Rand Paul, the Democrats, never-Trump establishment and RINOs have been virtually silent in expressing any support for President Trump.

They have kept time with the constant Democrat chants of Russia, Russia, Russia despite the lack of any evidence in an attempt to be objective and open minded, or to at least appear that way, as the Democrats do their seditious dirty work.

Now Senator Rand Paul has stood up and spoken out against the railroading of our President by the anti-American globalists and their attempted coup. Senator Paul sent out a tweet on Thursday saying, “Time to investigate high ranking Obama government officials who might have colluded to prevent the election of @realDonaldTrump! This could be WORSE than Watergate!”

Those high ranking officials, if they are complicit in treason and abuse of power as the evidence has long overwhelmingly indicated they are, would include the illegal alien who was squatting in the White House. He a guy who, through Susan Rice, micromanaged every military firefight from the White House in order to assure minimal enemy casualties. Nothing happened in Obama’s fiefdom without his full knowledge and approval. He donated the first Million to Fusion GPS through Perkins Coie.



Posted at 1:23 PM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

We do not take US dollars.

Snow Flakes be advised.

Bitcoin only.

Strong Gold In 2018 Vs New World Currency
December 21, 2017

In 1988, the UK magazine, The Economist forecast that 2018 would be the year of a new currency which they named the Phoenix. Quite a mind boggling prediction 30 years ago really, especially since 2018 in fact looks like a year when a major currency upheaval could take place.

For conspiracy theorists, the Economist’s owners consist of a number of elite families and bankers including the Rothschilds. Was this a plan which has been in the making for a very long time? Or is it sheer fluke that a major currency event might take place in the year that the Economist predicted.

So what could be the events that will lead to a major disruption in currency markets and in the world economy in 2018:


The demise of the dollar as the reserve currency of the world is a certainty. It is only a question of when it will take place. The dollar does not qualify as the rock of the world currency system. Since the gold backing of the dollar ceased in 1971, it has lost 98% in real terms when measured against gold. But also against most other currencies, the dollar has lost greatly. In Swiss francs for example, the dollar is down 77% since 1971. The dollar is backed by massive debts and deficits. The US has not had a real Budget surplus since 1960 and has been running Trade deficits since 1975. The dollar is backed by nothing but debts and a weakening military. It is living on borrowed time.


Jim Sinclair’s Commentary

QE is to Infinity Globally no matter how you measure it.

This Is The Chart Of “Terror” As We Head Into 2018
December 22, 2017

December 22 (King World News) – From Ronald Stoferle:  “Very, very important chart (see below):


Pakistan Plans Replacing Dollar With Yuan In Trade With China
December 21, 2017

Pakistan is considering replacing the U.S. dollar with the Chinese yuan for bilateral trade between Pakistan and China, Pakistan’s Minister for Planning and Development Ahsan Iqbal said according to Dawn Online and The Economic Times. Interior Minister Iqbal, who has been central to the planning and implementation of China-Pakistan economic ties, was reported discussing the proposal after unveiling a long-term economic development cooperation plan for the two countries, Reuters added.

Iqbal spoke to journalists after the formal launch of Long Term Plan (LTP) for the China-Pakistan Economic Corridor (CPEC) signed by the two sides on November 21, Dawn online reported on Tuesday.  The CPEC is a flagship project of China’s Belt and Road initiative. The 3,000 km, over $50 billion corridor stretches from Kashgar in western China to Gwadar port in Pakistan on the Arabian sea.

Asked if the Chinese currency could be allowed for use in Pakistan, the minister said the Pakistani currency would be used within the country but China desired that bilateral trade should take place in yuan instead of dollars, in yet another push to de-dollarize what China considers its sphere of influence.

“We are examining the use of yuan instead of the US dollar for trade between the two countries,” Iqbal said, adding that the use of yuan was not against the interest of Pakistan. Rather, it would “benefit” Pakistan.


Posted at 11:08 AM (CST) by & filed under Jim's Mailbox.

We are familiar with this as “planned obsolescence” here in the States CIGA GG…


Apple Just Admitted It’s Slowing Down Older Iphones — But Says It Has A Good Reason For Doing It
December 20, 2017

Over the past few months, people have discovered that older iPhones curiously become faster after the battery is replaced.

That, of course, has fueled conspiracy theories that Apple slows down older iPhones when a new model comes out. Data from a top iPhone benchmark developer published earlier this week seemed to confirm it.

But Apple explained on Wednesday why iPhones with older batteries might have lower peak processor performance.

It turns out that Apple is limiting how much power an iPhone processor can draw in certain circumstances, therefore limiting the processor’s peak performance.

But it’s not to make older iPhones slower — it’s a new feature to help prevent them from suddenly turning off.

Here’s Apple’s full explanation, provided to Business Insider by a representative:

“Our goal is to deliver the best experience for customers, which includes overall performance and prolonging the life of their devices. Lithium-ion batteries become less capable of supplying peak current demands when in cold conditions, have a low battery charge or as they age over time, which can result in the device unexpectedly shutting down to protect its electronic components.


Posted at 4:31 PM (CST) by & filed under Jim's Mailbox.


What everyone wants to know.




JB with a trigger comic for the snowflake community. Sad thing is, it is based in total reason and logic…



That’s a very fair offer don’t you think?


Posted at 4:30 PM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

The latest from John Williams’

– Stocks Continue to Boom, with Extreme Downside Vulnerability to Near-Term Negative Economic Surprises and Otherwise
– Pending Run on the U.S. Dollar Should Mirror a Flight into Gold and Silver
– Economic Reporting Does Not Reflect Costs of Destruction from Natural Disasters, but It Does Reflect Gains from Temporary Relief and Recovery Activity
– Freight Index Continued in Non-Recovered, Low-Level Stagnation
– Nonsense Volatility and Revisions Hit November 2017 Housing Starts, Amidst a Continued Likely Boost from Disaster Recovery
– Headline Gain of 3.3% Was 0.5% Net of Revisions – Activity Remained in Low-Level, Non-Recovered Stagnation, with Housing Starts Still Shy of Their Pre-Recession High by 42.9% (-42.9%) and Single-Unit Starts Shy of Recovery by 51.6% (-51.6%)
– Multiple-Unit Starts Recovered in 2015, but Have Fallen Back Since by 18.4% (-18.4%) from Their Pre-Recession Peak
– Building Permits Remained Shy of Recovery by 42.6% (-42.6%)

“No. 927: November Housing Starts, Freight Index, Outlook for the Markets, Dollar and Gold ”

House GOP Leaders Ditch Government Funding Plan Amid Infighting
December 20, 2017

House Republican leaders have ditched their initial plan for a stopgap spending bill amid GOP infighting over how best to avoid a government shutdown, which will take place Friday at midnight if Congress doesn’t intervene.

The original plan was to send a bill to the Senate that links a full year of funding for defense with a short-term patch that funds the rest of the government through Jan. 19. The continuing resolution (CR) was also supposed to include funding for the Children’s Health Insurance Program and a massive $81 billion disaster aid package.

But some conservatives balked over the emergency aid because it is not offset by spending cuts elsewhere, while the boost for the military was likely dead on arrival in the Senate.

A House Rules Committee meeting, which was supposed to prepare the CR for a floor vote on Wednesday, was forced to recess Tuesday evening so that the panel could “continue to talk with members to determine the best path forward,” according to a committee aide.

A spokeswoman for Speaker Paul Ryan (R-Wis.) confirmed Wednesday that “member discussions continue,” though no final decisions have yet been made about the new spending strategy.


Posted at 3:06 PM (CST) by & filed under Jim's Mailbox.


I thought the wonderful thing about Crypto currencies is they were hack proof…..amazing! Will be interesting to see reaction of people as this joke gets hacked a few more times on different platforms…let’s see how the sheep react then. I’m sure we’ll get some excuse from the people pumping these digital pieces.

CIGA David

Crypto Traders Spooked After Korean Bitcoin Exchange Files For Bankruptcy
December 19, 2017

A cryptocurrency exchange in South Korea collapsed on Tuesday after it suffered a second cyberattack in eight months and lost a large amount of its digital-currency reserves. This spooked Asian investors who sold Bitcoin (and other cryptos).

As The Wall Street Journal reports, Yapian, the company that operates a Seoul-based exchange called Youbit, suspended digital-currency trading and filed for bankruptcy after its systems were hacked in the predawn hours of Tuesday. The exchange trades 10 virtual currencies including bitcoin and ethereum.

Yapian said in a statement that the latest security breach caused it to lose 17% of its total assets. The company didn’t specify the type of virtual currencies that were stolen or the financial value of its losses. In April, Youbit, formerly called Yapizon, lost 4,000 bitcoins now worth $73m to cyberthieves.

Users of the exchange with digital coins in their online accounts were told by Youbit on Tuesday that they could withdraw about 75% of their cryptocurrency for the time being. The remaining balances would be returned after the company goes through bankruptcy proceedings, it said.

It said it was “very sorry” that it had been forced to shut down.

Once again however, the dip in BTC is being bought off the lows…

Ethereum had surged overnight (touching almost $900 in overnight trading) but was also sold on the Korea news…



Michael with some sage advice!



Never argue with a guy with an excavator.

CIGA Michael


What is the difference between any Banana Republic and the present USA?

The answer is location. Courtesy of JB.


Judicial Watch Files Amicus Curiae Brief Urging Federal Court to Unseal Depositions of IRS Officials Lerner, Paz in Tea Party Targeting Case
December 18, 2017

‘[T]he IRS continues to this day to withhold from the public in Judicial Watch’s main IRS case … email communications with Lois Lerner and/or Holly Paz …’ – Judicial Watch Amicus Brief

(Washington, DC) – Judicial Watch last week asked a federal court to unseal the depositions of Lois Lerner, the former director of the Exempt Organizations Unit of the Internal Revenue Service (IRS), and Holly Paz, her top aide and former IRS director of Office of Rulings and Agreements. Both played key roles in the targeting of conservative nonprofit groups opposed to Obama policies in the run up to the 2012 presidential election.

The request came in an amicus curiae brief filed with the U.S. District Court for the Southern District of Ohio, Western Division supporting NorCal Tea Party Patriots’ class action lawsuit seeking the unsealing of the depositions (NorCal Tea Party Patriots, et al. v. The Internal Revenue Service, et al. (No. 1:13-cv-00341)). The depositions were sealed by a federal judge after Lerner’s and Paz’s lawyers claimed the two were receiving threats. Judicial Watch’s brief argues that the documents sought may shed light on government misconduct, and the shielding of internal government deliberations does not serve the public’s interest.

Judicial Watch details how the Lerner and Paz depositions may significantly impact ongoing Judicial Watch lawsuits seeking information about misconduct of government officials in the IRS targeting scandal:

In addition to the revelation of IRS employees’ conduct in the emails uncovered, the records obtained by Judicial Watch [in the course of its FOIA investigation] also sparked investigations into Lois Lerner’s emails and IRS’ failure to preserve thousands of emails that were potentially relevant to the various investigations about the IRS’ treatment of conservative groups. While the federal government has now admitted that the targeting “was wrong” and “for such treatment, the IRS expresses its sincere apology” the IRS continues to this day to withhold from the public in Judicial Watch’s main IRS case … email communications with Lois Lerner and/or Holly Paz …

Lerner was actively engaged in the attempted cover-up of IRS misconduct. In July 2016, Judicial Watch revealed that both Lerner and Paz, knew the agency was specifically targeting “Tea Party” and other conservative organizations two full years before disclosing it to Congress and the public. They also knew donor lists of tax-exempt organizations were being used to target those donors for audits.