Posted at 12:45 AM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

According to JB Slear, this is what the future holds. Why should I write words. Get into the cellar as fast as you can!

Jim

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Bill Holter’s Commentary

What a great story! Please take two minutes to enjoy this.

Jim Sinclair’s Commentary

The latest from John Williams’ www.shadowstats.com

– Trade-Deficit Benchmarking Showed Deeper Deficits 2014-to-Date, with Implications for Downside Benchmark Revisions to the GDP
– Second-Quarter 2017 Real Merchandise Trade Deficit Is on Track for Worst Showing Since Second-Quarter 2007
– In Uptrending, Low-Level Stagnation, April Freight Index Gained Year-to-Year, Holding Shy of Recovering Pre-Recession Peak by 12.6% (-12.6%)
– May Real-World Employment Conditions Continued in Annual Decline, at a Pace Not Seen Since the Depths of the 2009 Collapse
– Monthly Payroll Gains Slowed on Top of Downside, Prior-Period Revisions
– Slowing, Unadjusted Year-to-Year Payroll Growth Held at Low Levels Common to Periods Preceding Economic Recession
– May 2017 Unemployment: U.3 Declined to 4.3% from 4.4%, U.6 Fell to 8.4% from 8.6% and the ShadowStats-Alternate Eased to 22.0% from 22.1%
– Labor Numbers Out of Balance: April 2017 Headline Unemployment of 4.3%, Lowest Since March 2001, Coincided with Weakening, Near-Historic Lows in the Participation Rate (Labor Force/Population) and Employment-to-Population Ratio
– In Contrast, March 2001 Headline Unemployment of 4.3% Coincided with Participation Rates and Employment-Population Ratios Just Off Historic Highs
– Real Construction Spending Remained 21.3% (-21.3%) Short of Recovering its Pre-Recession Peak, Still Holding in Low-Level Stagnation
– Money Supply M3 Annual Growth Rose to 3.6% in May, versus 3.4% in April

“No. 890: May Employment, April Construction Spending and Trade Deficit Revisions”

www.shadowstats.com

Posted at 5:03 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

A heartwarming story, it took 12 years to take his first steps. We shouldn’t be surprised if he takes Taylor Swift to his prom!

Posted at 3:50 AM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

This explains Obama’s “success”! I knew it, its all fake and fake and fake! Liar in chief.

93% Of All Jobs “Created” Since 2008 Were Added Through The Birth/Death Model
June 3, 2017

According to the prevailing narrative, job growth in the US, where GDP over the past decade has been on par with that in the 1930s, is one of the otherwise brighter economic indicators in a time when much of the economic data such as capital spending, productivity and especially wage growth (so critical for the Fed’s future plans) has been a chronic disappointment. Today, for example, headlines blast that the US has enjoyed 80 months of continuous jobs growth with unemployment hitting 4.3% – the lowest since 2001. However, there is more to this “strong” number than meets the untrained eye.

As our friends at Morningside Hill calculate, a full 93% of the new jobs reported since 2008 – 6.3 million out of 6.7 million – and 40% of the jobs in 2016 alone were added through the business birth and death model – a highly controversial model which is not supported by the data. On the contrary, all data on establishment births and deaths point to an ongoing decrease in entrepreneurship.

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Posted at 3:36 AM (CST) by & filed under Jim's Mailbox.

Three Men With 12-Inch Hunting Knives Have Reportedly Stabbed Pedestrians After Mowing Down Up To 20 People With A White Van On London Bridge
June 4, 2017

Three Jihadi terrorists were shot dead by armed police after killing seven people and injuring 48 others in a horrific van and knife rampage in central London last night.

The men, described as being ‘of Mediterranean origin’, mowed down up to 20 revellers as they careered across London Bridge in an ‘S shape’ at 50mph before they began ‘randomly stabbing’ people in nearby Borough Market.

Attackers used 12-inch hunting knives to attack revellers at busy bars and restaurants in the market, sending dozens of others fleeing for their lives.

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CIGA GG

Posted at 3:48 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

This chart is obvious even for those who cannot read charts. Any questions?

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Posted at 3:05 AM (CST) by & filed under In The News.

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Bill Holter’s Commentary

$20 trillion is no problem…they will just increase the debt ceiling and poof…problem solved!

$20 Trillion of U.S. Debt Visualized Using Stacks of $100 Bills
June 1, 2017

For most people, our experiences in everyday life are with using lower numbers like one, two, or ten. We not only comprehend what it means to buy five apples, but we can also visualize exactly what that might look like. In other words, these are numbers that fall within a range that is very intuitive for most humans.

Extrapolate that a little higher and we can still comprehend the numbers, but we start to lose that intuition.

Are there 1,500 or 2,000 people at a music venue? It’s hard to know for sure, but we do at least have a basic comprehension of the sizes of those numbers. Every day, we do math with numbers in the thousands – a paycheck, a credit card bill, or paying rent.

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Jim Sinclair’s Commentary

This was not taken well by the dollar , the fact that it was at 97 is important.

May Nonfarm Payrolls Total 138,000 Vs 185,000 Expected
June 2, 2017

Job creation fell sharply in May with just 138,000 new positions created, while the unemployment rate declined to 4.3 percent, according to Labor Department data released Friday.

Economists surveyed by Reuters expected nonfarm payrolls to grow by 185,000 and the unemployment rate to hold steady at 4.4 percent.

Wage growth also disappointed, with average hourly earnings rising at a 2.5 percent annualized pace. The average work week was unchanged at 34.4 hours.

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Bill Holter’s Commentary

This must surely be “fake news”, Google would never do this…would they?

Google Could Face A $9bn EU Fine For Rigging Search Results In Its Favour
June 2, 2017

EU antitrust regulators aim to slap a hefty fine on Alphabet unit Google over its shopping service before the summer break in August, two people familiar with the matter said, setting the stage for two other cases involving the US company.

The European Commission’s decision will come after a seven-year investigation into the world’s most popular internet search engine was triggered by scores of complaints from both US and European rivals.

The EU competition authority accused Google in April 2015 of distorting internet search results to favour its shopping service, harming both rivals and consumers.

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Jim Sinclair’s Commentary

It is good to read this and become aware again of how many systems depend on electricity such as fridges, water pumps, communication etc. etc.

Newt Gingrich: The North Korean EMP threat
June 02, 2017

North Korea is already one of the most dangerous places in the world, and it’s becoming more perilous by the day.

On Tuesday, Pyongyang completed its ninth ballistic missile test this year. The North Korean state run media said its maniacal leader, Kim Jong-un, threatened to send a bigger “gift package” to the United States.

The same day, the United States tested its ability to intercept long-range ballistic missiles potentially fired from North Korea. Missile Defense Agency Director Vice Adm. Jim Syring announced the test was successful today.

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Bill Holter’s Commentary

This is a very long and complex ZeroHedge article, PLEASE do not let your eyes glaze over as this is exactly what we have been trying to tell you. We directly face some sort of disastrous “credit event” and would most likely emanate from China. Do not be surprised when waking up one morning to find out “IT” is already over…

Reuters Goes To China, Discovers “Ghost Collateral”
June 2, 2017

Back in 2014, a scandal erupted when media reports confirmed what many had previously speculated about China’s banking system: namely that much of China’s staggering loan issuance had been built (literally) upon air and that billions (or trillions) in loan collateral had been “rehypothecated” between two, three or many more debtors – or never even existed – forcing banks to accept that they would never recover much if any of the pledged collateral – in most cases various commodities – if the economy were to suffer a hard-landing resulting in mass defaults. The most famous example involved collateral fraud at China’s 3rd largest port, Qingdao, where numerous borrowers were found to have “pledged” the same collateral of steel and copper to obtain funding from various banks.

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Judicial Watch: Hearing Monday, June 5 Over Homeland Security Assertion of ‘Privacy Rights’ to Prevent Release of Names of Freed Criminal Aliens
June 02, 2017

(Washington, DC) — Judicial Watch today announced a court hearing will be held on Monday, June 5, 2017, in the U.S. District Court of Appeals, Ninth Circuit, regarding a Freedom of Information Act (FOIA) lawsuit seeking the names of 149 criminal alien detainees released by U.S. Immigration and Customs Enforcement (ICE) in late February or early March 2013 (Tuffly v. U.S. Department of Homeland Security (No. 16-15342)).

In late February and early March of 2013, ICE released the 149 criminal aliens (during the course of pending removal proceedings) from five Arizona correction facilities, citing “fiscal uncertainty.” According to records obtained by Judicial Watch, the illegals had committed 260 crimes, and 40 of them had been incarcerated for violent crimes. The records were obtained in a FOIA lawsuit filed by Judicial Watch on behalf of Edward “Bud” Tuffly, the treasurer of the National Border Patrol Council, the union that represents Border Patrol agents.

In the appeal process, Judicial Watch asked the court to consider: “Whether the names of criminal alien detainees released from federal facilities in Arizona due to ‘fiscal uncertainty’ are being properly withheld under the personal privacy exemptions of the Freedom of Information Act.”

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