Posted at 6:38 PM (CST) by & filed under General Editorial.

The world is a Rubik’s cube of information and events gone full retard. Jim discusses the coming reset that Christine Lagarde spoke of this week. This week is a must listen!

 

 

 

 

 

 

 

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Posted at 5:15 PM (CST) by & filed under Jim's Mailbox.

Courtesy of JB.

Jim

BREAKING: Lindsey Graham to Take Over as Chairman of Senate Judiciary Committee
November 16, 2018

by Cristina Laila

Senator Lindsey Graham (R-SC) is set to take over as Chairman of the Judiciary Committee following Chuck Grassley’s move to Chair the Finance Committee.

Senator Chuck Grassley (R-IA) announced Friday he will be stepping down as Judiciary Chair.

Via The Hill:

    Sen. Lindsey Graham (R-S.C.) is poised to become the chairman of the Senate Judiciary Committee after Sen. Chuck Grassley (R-Iowa) announced Friday that he would step down to take over the chairmanship of the Finance Committee.

    The shuffle would put Graham, a close ally of President Trump who made headlines this fall with a forceful denunciation of Democrats during Brett Kavanaugh‘s Supreme Court confirmation hearings, in charge of the panel handling judicial nominations.

Earlier this week, Senator Lindsey Graham said if he became the Chairman of the Judiciary Committee he would further investigate the FBI’s botched probe of Hillary Clinton’s private server.

More…

Posted at 11:30 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

Again, it is all about credit. This is from Reuters, disseminated by NBC. They will say you were politely and correctly warned…

Household Debt Hit A Record High Of $13.5 Trillion Last Quarter
November 16, 2018

The total debt shouldered by Americans has hit another record high, rising to $13.5 trillion in the last quarter, while an unusual jump in student-loan delinquencies could provide another signal that the nation’s economic expansion is growing old.

Flows of student debt into serious delinquency — of 90 or more days — rose to 9.1 percent in the third quarter from 8.6 percent in the previous quarter, according to data from the Federal Reserve Bank of New York.

It was a reversal after a period of improvement for student debt, which totaled $1.4 trillion. Such delinquency flows have been rising on auto debt since 2012 and on credit card debt since last year, which could raise a red flag for economists.

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Bill Holter’s Commentary

Another polite warning.

Cramer says CEOs are telling him off the record the economy has quickly cooled
November 15, 2018

Company leaders across industries are telling Jim Cramer — off the record — that they’re worried about a slowdown in the U.S. economy, Cramer said Thursday on CNBC.

“So many CEOs have told me about how quickly things have cooled,” the “Mad Money” host said. “So many of them are baffled that we could find ourselves in this late-cycle dilemma that wasn’t supposed to occur so soon.”

Cramer has been warning investors for weeks about a manmade slowdown in the U.S. economy, fueled by the two-pronged pressures of the Federal Reserve’s interest rate hikes and the Trump administration’s tariffs. Now, high-profile CEOs are worried about growth slowing so drastically that it could actually hurt the economy, he said.

“There are degrees of slowdowns that, nonetheless, can cause an awful lot of havoc and cost a lot of jobs, and that’s what we’re on the verge of here,” he said. “That’s what the markets are saying. That’s what the CEOs are worried about offline.”

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Posted at 3:24 PM (CST) by & filed under Jim's Mailbox.

I truly LOVE JUDICIAL WATCH!

JB

Judicial Watch: Federal Court Orders Hillary Clinton to Answer Additional Email Questions Under Oath
November 15, 2018

 (Washington, DC) –Judicial Watch announced today that U.S. District Court Judge Emmet G. Sullivan ruled that within 30 days Hillary Clinton must answer under oath two additional questions about her controversial email system.

In 2016, Clinton was required to submit under oath written answers to Judicial Watch’s questions. Clinton objected to and refused to answer questions about the creation of her email system; her decision to use the system despite warnings from State Department cybersecurity officials; and the basis for her claim that the State Department had “90-95%” of her emails.

After a lengthy hearing yesterday Judge Sullivan ruled that Clinton must address two questions that she refused to answer under-oath.

Describe the creation of the clintonemail.com system, including who decided to create the system, the date it was decided to create the system, why it was created, who set it up, and when it became operational.

During your October 22, 2015 appearance before the U.S. House of Representatives Select Committee on Benghazi, you testified that 90 to 95 percent of your emails “were in the State’s system” and “if they wanted to see them, they would certainly have been able to do so.” Identify the basis for this statement, including all facts on which you relied in support of the statement, how and when you became aware of these facts, and, if you were made aware of these facts by or through another person, identify the person who made you aware of these facts.

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Which company conducted the Pentagon audit is the question, because if the government audits the government it is not an audit.

Jim

It’s official.

JB

Pentagon Fails Its First-Ever Audit, Official Says
November 15, 2018

WASHINGTON (Reuters) – The Pentagon has failed what is being called its first-ever comprehensive audit, a senior official said on Thursday, finding U.S. Defense Department accounting discrepancies that could take years to resolve.

Results of the inspection – conducted by some 1,200 auditors and examining financial accounting on a wide range of spending including on weapons systems, military personnel and property – were expected to be completed later in the day.

“We failed the audit, but we never expected to pass it,” Deputy Secretary of Defense Patrick Shanahan told reporters, adding that the findings showed the need for greater discipline in financial matters within the Pentagon.

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Posted at 3:17 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

What could possibly go wrong?

Sounding the Alarm on Leveraged Lending
November 15, 2018

By Tobias Adrian, Fabio Natalucci, and Thomas Piontek

We warned in the most recent Global Financial Stability Report that speculative excesses in some financial markets may be approaching a threatening level. For evidence, look no further than the $1.3 trillion global market for so-called leverage loans, which has some analysts and academics sounding the alarm on a dangerous deterioration in lending standards. They have a point.

This growing segment of the financial world involves loans, usually arranged by a syndicate of banks, to companies that are heavily indebted or have weak credit ratings. These loans are called “leveraged” because the ratio of the borrower’s debt to assets or earnings significantly exceeds industry norms.

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Bill Holter’s Commentary

I personally guarantee that riding a horse is therapeutic on so many levels!

Combat Veterans With PTSD Report Better Mental Health After Therapeutic Horseback Riding Intervention
October 24, 2018

The veterans felt ‘greater confidence, gratitude and hope, as well as increased patience,’ Baylor University researcher says

Media Contact: Terry Goodrich, Baylor University Media Communications, 254-644-4155

Follow Baylor Media Communications on Twitter: @BaylorUMedia

WACO, Texas (Oct. 24, 2018) — Veterans with combat-related post-traumatic stress disorder were less anxious and depressed and had an improved quality of life after an eight-week therapeutic horseback riding program, according to a Baylor University study.

“PTSD is difficult to treat. But those who went through the program reported lessening of symptoms and better mental health,” said lead author Beth A. Lanning, Ph.D., associate chair and associate professor of public health in Baylor’s Robbins College of Health and Human Sciences.

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Bill Holter’s Commentary

Gold being remonetized by Basel III.

Gold Re-Monetization Is Much Closer Than Many Realize
November 14, 2018

November 2018 – Author: Brandon White

Monetary policy is largely responsible for the market conditions we have today. Whether we like it or not, central planning in the capital markets will remain with us for the foreseeable future. Capital flows will be as much a function of market fundamentals as they are of policy.

This is very true for gold.

Gold was formally de-monetized in 1978 with the Jamaica Accord. It is now being re-monetized. This paper aims to answer the questions of how and why.

Serious players in the world of finance are acquiring enormous sums of physical gold. In the last quarter alone (Q3 2018), central banks added 148 metric tonnes of physical gold to their reserves.

February 2018 marked a major turning point for gold – monetary gold to be more specific – when the Swiss National Pension Fund switched out of synthetic gold derivatives into physical gold. Monetary gold is defined, in the new Basel III banking capital rules, as “physical gold held in their own vaults or in trust.”

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Jim Sinclair’s Commentary

Look at the snow crisis in NYC.

Julian Assange, Florida, David Hockney: Your Friday Briefing
November 16, 2018

By Mark A. Walsh

Good morning.

Here’s what you need to know:

An accidental revelation about Julian Assange

The U.S. Justice Department has prepared an indictment of the WikiLeaks founder, who has been holed up in the Ecuadorean Embassy in London. The move would be a sharp escalation of Mr. Assange’s yearslong battle with the American government.

It is not clear if prosecutors have filed charges against Mr. Assange. The development came to light in an unrelated court filing “made in error,” according to Joshua Stueve, a spokesman for the U.S. Attorney’s Office for the Eastern District of Virginia.

More…

Posted at 12:06 PM (CST) by & filed under General Editorial.

Dear All, Friends & Family,

I have been telling you ever since crypto currency entered into circulation that they were an experiment by the central banks looking towards a replacement for the US dollar as the sole reserve currency. It is also my reason for expecting that the second reset to take hold is in a very serious economic currency upheaval. The double transition will take place between June of 2019 and 2025. This is not positive to the US dollar nor terminal. This is positive to gold and gold shares which have been decimated. As it is not terminal to the dollar it is a cause for a gold rally, from which there will be no downside reaction. This is the coming realization of the basic concepts of “Free Gold.”

It cannot be stopped nor is there a long term will to continue to lean against gold, which will allow a bankruptcy in sovereign central banks as entities to be restored. Russia and China have known this, as has my family, which dates back to membership with the wealthiest Jewish families of Europe.

What is coming is not any of the crypto currency present now.

Those close to me and continuous daily readers know I got a call from my family on Bert Seligman’s side at $1058 that the bull market’s negative reaction in gold was over. This was posted on JSMineset at that time.

The resets are coming with an entire new role for gold.

Have an open mind to change because all you can be sure of is change in the financial and currency world.

Respectfully,

Jim

Central Banks Should Consider Issuing Digital Money, IMF’s Lagarde Says
November 14, 2018

Central banks should consider issuing digital currencies as money faces a “historic turning point,” according to IMF Managing Director Christine Lagarde.

In a speech at the Singapore Fintech Festival on Wednesday, Lagarde highlighted the changing nature of money as demand for physical cash decreases around the world. She said central banks have a role supplying money to the digital economy.

“I believe that we should consider the possibility to issue digital currency,” Lagarde said.

Lagarde said a central bank-backed digital currency could help promote financial inclusion, security, and privacy in payments as a low-cost and efficient alternative to paper notes. But she also warned of risks to financial stability and innovation.

More…

Posted at 8:24 PM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

This won’t stop for the next six years on either side.

This is going to be the one circus for all of time.

Judicial Watch Sues DOJ for Records of Investigations into the Awan Brothers, Congressional Democrat IT Scandal
November 08, 2018

(Washington, DC) Judicial Watch announced today that it filed a Freedom of Information Act (FOIA) lawsuit against the Justice Department for all records of communications relating to the investigation into former Democratic information technology (IT) staffers Abid Awan, Imran Awan, Jamal Awan and Hina R. Alvi (Judicial Watch v. U.S. Department of Justice (No. 1:18-cv-02563)).

Imran Awan and his family were banned from the House computer network in February 2017 after the House’s top law enforcement officer wrote that Imran is “an ongoing and serious risk to the House of Representatives, possibly threatening the integrity of our information systems,” and that a server containing evidence had gone “missing.” The inspector general said server logs showed “unauthorized access” and procurement records were falsified.

Imran Awan was Democratic Rep. Debbie Wasserman Schultz’s top information technology aide. Most lawmakers fired Awan in February, but Wasserman Schultz kept him on until he was arrested in July, trying to board a flight for Pakistan.

Imran Awan was allowed a plea deal. He pleaded guilty to federal bank fraud but prosecutors found no evidence that Awan “violated federal law with respect to the House computer systems.”

The Judicial Watch lawsuit was filed after the FBI failed to respond adequately to two FOIA requests.

The FBI claimed it could neither confirm nor deny records related to the first request, filed on May 26, 2017, seeking:

All records related to any investigations or preliminary investigations involving former congressional IT support staffers Abid Awan, Imran Awan, Jamal Awan, and Hina R. Alvi. As part of this request, searches should of records [sic] should include, but not be limited to, the FBI automated indices, its older manual indices, and its Electronic Surveillance (ELSUR) Data Management System (EDMS), as well as cross-referenced files.

All records of communication sent to or from FBI employees, officials or contractors involving the subjects in bullet item 1.

Posted at 7:51 PM (CST) by & filed under Jim's Mailbox.

True story!

JB

Broward County Brings In Expert Consultant To Speed Up Ballot Count
November 13th, 2018

FLORIDA—Broward County, which has had trouble meeting its legal deadlines in the counting of ballots, has now brought in a consultant to speed up the recount: counting expert Count von Count.

The Count wasted no time and immediately began counting as soon as he saw the ballots. He picked up one and said, “One vote for governor, eh eh eh.”

After that, he picked up a second ballot and said, “Two votes for governor, eh eh eh.”

Next, he picked up a third ballot and said, “Three votes for governor, eh eh eh.”

“Wow!” exclaimed Broward County official Stanley Collier. “He’s way faster than us!”

More…

 

Courtesy of JB.

Jim