Posted at 2:11 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

Jim and I discussed whether or not to post this because the calls of “racism” that will follow. We have decided to post this because neither of us knew where the term “asshat” came from…and now you know too!

clip_image001

Bill Holter’s Commentary

I would like to be the first to coin the new phrase …”he who has the most money will make the news”. It’s a whole new world folks, and as George Carlin might say “journalism ain’t in it”!

Facebook Tests Removing Publishers From News Feed—Unless They Pay
October 23, 2017

Watch out, publishers: a nightmare scenario for Facebook may soon be a reality.

The social network last week officially launched its secondary news feed called Explore. The feed generally features posts from Facebook Pages users don’t follow. News Feed, meanwhile, hosts posts from friends and Pages users do follow.

But that’s not true for everyone. In six markets, Facebook has removed posts from Pages in the original News Feed and relegated them to another feed, Filip Struhárik, editor and social media manager at Denník N, wrote. That means Facebook’s main feed is no longer a free playing field for publishers. Instead, it’s a battlefield of “pay to play,” where publishers have to pony up the dough to get back into the News Feed.

It’s a stark change from how media outlets have grown with Facebook. Publishers like BuzzFeed’s Tasty and NowThis grew via distributing viral posts and videos on News Feed, as Ziad Ramley, former social lead at Al Jazeera English, wrote. While companies had to employ social media managers, they could generally rely on them sharing content without paying to boost it.

That game could be over, creating a nightmare situation for publishers while Facebook hopes it leads to more advertising revenue.

More…

Posted at 12:27 PM (CST) by & filed under Jim's Mailbox.

Courtesy of Zero Hedge.

JB

Gold Jumps As Trump Says “Very, Very Close” To Fed Chair Decision
October 23, 2017

The Dollar index dropped and gold jumped as President Trump told reporters during a meeting with the prime minister of Singapore that he was “very very close” to a decision on who would be the next chair(person) of The Fed…

Jerome Powell continues to be the front-runner…

clip_image001

And gold is up…

clip_image002

More…


Good afternoon Bill,

I thought you might find the link below of interest if you have not already seen it.

Thanks for all you and Jim do for us.

CIGA Jon

Robert Mueller Invested In Hedge Funds Linked to Russia and George Soros
October 23, 2017

Robert Mueller’s complex financial entanglements include investments linked to George Soros and Russia. During Mueller’s tenure at the FBI, high profile cases of financial wrongdoing within hedge funds that he invested in were ignored by federal law enforcement.

An Offended America investigation has revealed that Robert Mueller’s holdings in a fund of funds expose him to Russian investments and to hedge funds tied to George Soros. Mueller’s exclusive hedge funds were not open to the general public, but rather wealthy private accredited investors. The minimum investment in several of the funds is $10 Million.

Mueller’s Russian Financial Interests

Mueller has been an investor in Mellon Optima L/S Strategy Fund, LLC for many years, according to his financial disclosures. That fund consists of holdings of other hedge funds in a structure commonly referred to as a “fund of funds”.

According to 2017 SEC Filings, one of the funds held by the Mellon Optima L/S Strategy Fund is the OCCO Eastern European Fund, run by Charlemagne Capital. The fund released a performance overview on August 31st that said in part:

“August was a relatively quiet month for markets and a strong one for the portfolio. The NAV gained 142 bps over the month. Russia was again the main driver with supportive contributions from other markets.”

More…

This is almost too funny Jon, it’s almost like a dog chasing its own tail. Can you imagine if his “Russia investigation” ended up in indictments of himself and other high placed traitors? We can only hope the French Revolution will look like a small disturbance before it’s all said and done…!

Bill

CIGA Keith with another timeless quote.

Bill

Bill, here’s a pithy thought for the CIGAs:

“The most important thing about money is to maintain its stability … You have to choose between trusting the natural stability of gold and the honesty and intelligence of members of government. With due respect to these gentlemen, I advise you, for as long as the capitalist system lasts, to vote for gold.”

George Bernard Shaw

Posted at 2:07 PM (CST) by & filed under Jim's Mailbox.

Our friend dismal Dave reminds us it has all been about credit since before Christ.

Bill

‘If some lose their whole fortunes, they will drag many more down with them…believe me that the whole system of credit and finance which is carried on here at Rome in the Forum, is inextricably bound up with the revenues of the Asiatic province. If those revenues are destroyed, our whole system of credit will come down with a crash.’

Marcus Tullius Cicero. (66BC).

clip_image002

At least the doctors didn’t call him “dumb”?

JB

clip_image004

Posted at 11:38 AM (CST) by & filed under In The News.

Week Ahead: GOP’s Next Steps On Tax Reform | Fed Chief Speculation Heats Up | Senate To Vote On Disaster Relief
October 22, 2017

Both the Senate and House have passed their 2018 budgets and now the two chambers will have to agree on a resolution that will serve as their vehicle for a planned massive tax code overhaul.

Senate Republicans on Thursday evening narrowly voted 51-49 to pass the fiscal 2018 budget after a grueling hours-long marathon on the Senate floor, the first step to passing a tax plan and fulfilling a key GOP campaign pledge.

The budget was essential because it includes instructions that allow Republicans to pass their tax plan using a process that can avoid a Democratic filibuster. Sen. Rand Paul (R-Ky.) joined with every Democrat and independent to vote against the budget bill.

A last-minute amendment by Senate Budget Committee Chairman Mike Enzi (R-Wyo.) adopting technical and procedural language from the House budget may expedite its final passage.

A House GOP source told The Hill that the amendment seems sufficient to avoid a conference committee between the two chambers, and allow the House to simply pass the Senate resolution, as early as the coming week.

President Trump praised Senate Republicans late Thursday for passing the fiscal 2018 budget.

“This resolution creates a pathway to unleash the potential of the American economy through tax reform and tax cuts, simplifying the overcomplicated tax code, providing financial relief for families across the country, and making American businesses globally competitive,” the White House said in a statement.

The GOP push for tax reform isn’t the only big story in the coming week, which will see both the House and Senate in session.

The Senate is also expected to vote in on the House’s $36.5 billion disaster relief bill to help communities hit by hurricanes and wildfires. Senate Majority Leader Mitch McConnell (R-Ky.) has teed up the bill for a procedural vote Monday with final passage as early as Tuesday.

More…

Trump Plans To Release JFK Assassination Documents Despite Concerns From Federal Agencies
October 21, 2017

President Trump announced Saturday morning that he planned to release the tens of thousands of never-before-seen documents left in the files related to President John F. Kennedy’s assassination held by the National Archives and Records Administration.

“Subject to the receipt of further information, I will be allowing, as President, the long blocked and classified JFK FILES to be opened,” Trump tweeted early Saturday.

Experts have been speculating for weeks about whether Trump would disclose the documents. The 1992 Kennedy Assassination Records Collection Act required that the millions of pages, many of them contained in CIA and FBI documents, be published in 25 years — by Thursday. Over the years, the National Archives has released most of the documents, either in full or partially redacted.

But one final batch remains, and only the president has the authority to extend the papers’ secrecy past the deadline.

In his tweet, Trump seemed to strongly imply he was going to release all the remaining documents, but the White House later said that if other government agencies made a strong case not to release the documents, he wouldn’t.

“The president believes that these documents should be made available in the interests of full transparency unless agencies provide a compelling and clear national security or law enforcement justification otherwise,” the White House said in a statement Saturday.

In the days leading up to Trump’s announcement, a National Security Council official told The Washington Post that government agencies were urging the president not to release some of the documents. But Trump’s longtime confidant Roger Stone told conspiracy theorist Alex Jones of Infowars this week that he personally lobbied Trump to release all of the documents.

More…

Bill Holter’s Commentary

A sign of things to come elsewhere…

Spain Will Remove Catalonia Leader, Escalating Secession Crisis
October 21, 2017

BARCELONA — The escalating confrontation over Catalonia’s independence drive took its most serious turn on Saturday as Prime Minister Mariano Rajoy of Spain announced he would remove the leadership of the restive region and initiate a process of direct rule by the central government in Madrid.

It was the first time that Spain’s government had moved to strip the autonomy of one of its 17 regions, and the first time that a leader had invoked Article 155 of the Spanish Constitution — a broad tool intended to protect the “general interests” of the nation.

The unexpectedly forceful moves by Mr. Rajoy, made after an emergency cabinet meeting, thrust Spain into uncharted waters. The prime minister is trying to put down one of the gravest constitutional crises his country has faced since embracing democracy after the death of its dictator Gen. Francisco Franco in 1975.

The steps were immediately condemned by Catalan leaders and risked further inflaming an already volatile atmosphere in the prosperous northeastern region. On Oct. 1, thousands braved national police wielding truncheons to vote in a contentious independence referendum for Catalonia, even after it was declared illegal by the Spanish government and courts.

“There’s nothing soft or limited about what he announced today,” Josep Ramoneda, a political columnist, said of Mr. Rajoy. “We’re entering a very delicate phase, in which an independence movement that appeared to be running out of options might now draw instead on a collective sense of humiliation at seeing Catalonia being forced under Madrid’s control.”

Fueled by economic grievances and a distinct language and culture, aspirations for an independent state in Catalonia have ebbed and flowed for generations.

More…

Bill Holter’s Commentary

Jim had already told us this about the floor of the NYSE, rising robots are everywhere!

Cashing Out: The End Of Hong Kong’s Historic Trading Floor
October 21, 2017

Hong Kong (AFP) – In its heyday in the 1980s, more than a thousand brokers dressed in signature red blazers made deals on the trading floor of the Hong Kong Stock Exchange, in what was a raucous, competitive bear pit.

But as electronic and internet services burgeoned, brokers drifted away to corporate offices.

With just a handful of traders remaining, the historic hall will close at the end of the month.

The cavernous red-carpeted space with its circular rows of cubicles and giant digital screens showing stock movements stands largely empty as its last occupants pack up their belongings.

“Advances in electronic trading and technology have made our work much more convenient, but now it lacks the communal atmosphere that has given me many memories,” said Christopher Cheung, a lawmaker representing the financial services sector who used to trade on the exchange floor.

Under British rule, Hong Kong transformed into a commercial and financial hub, becoming a gateway between China and the rest of the world as the mainland opened up its economy from the late 1970s.

In 1986 the city’s four separate stock exchanges merged into one and the trading floor opened.

Part of the Hong Kong Exchange (HKEX) building in the bustling Central district, it hummed with energy as brokers exchanged gossip, gesticulated wildly and yelled into telephones.

Market information spread quickly and clients would call in for the latest news, Cheung remembers.

But despite apparent chaos, Cheung says there was a “culture of trust”. On slower days, traders played cards and snacked on peanuts.

Cheung’s company Christfund Securities still has one employee working on the floor in case his office’s computers crash, he said.

More…

Posted at 3:12 PM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

The latest from John Williams’ www.shadowstats.com

– Hurricane-Related Boost to September Production Followed Sharp-Downside Revisions to Activity in the Months before the Hurricanes
– September Housing Starts Took a Small Hit from the Tempests, But No More than the Regular Series Volatility in a Given Month
– Storm Disruptions Boosted September Retail Sales and Inflation, yet Long-Range, Non-Recovering and Downtrending Economic Trends Remained in Play
– Disaster-Spiked Economic Activity Usually Favors a Fed Easing, Not a Tightening
– With Mixed Disaster Elements, September Retail Sales Jumped as Expected, Due Particularly to Replacement of Storm-Damaged Automobiles
– Hurricane-Spiked Oil/Gasoline Prices Drove September 2017 CPI and PPI Higher
– September CPI-U Inflation Monthly Gain of 0.55% Pulled Annual CPI-U Inflation Higher to 2.23% (Was 1.94%), with

CPI-W at 2.31% (Was 1.93%) and ShadowStats at 10.0% (Was 9.7%)
– Fed’s Targeted “Core” CPI-U Inflation Held at 1.7% for Fifth Month
– September Final-Demand PPI Inflation Monthly Gain of 0.44% Pulled Annual Gain to a 67-Month High of 2.62%, from 2.35% in August
– Real Average Weekly Earnings Declined in September and Minimally in Third-Quarter 2017
– Early-October Consumer Sentiment Highest Since 2004, Still Shy of its 2000 High by 9.7% (-9.7%)
– Consumers Accepting Limits on “Improving Prospects for Living Standards” Was Responsible for the Jump in Optimism?

“No. 916: September 2017 Retail Sales, Consumer and Producer Price Indices “

www.shadowstats.com

UraniumGate: The Queen Bee Gets Stung By ‘The Putin Sting’
October 21, 2017

Vladimir Putin plays 5 D chess while Hillary and Bill Clinton fumble with checkers

Truly, it doesn’t get more radioactive than the Clinton’s “Uranium One” scandal now known as Uraniumgate.

This particular multi-year crime spree will be the one that finally takes down the Clinton Crime Family, once and for all.

The Back Story

There is a critical piece of Russian history that revolves around President Bill Clinton, President Boris Yeltsin, and Prime Minister Vladimir Putin. That history covers the relationship between Russia and the USA throughout Clinton’s two terms.

Boris Yeltsin bore the greatest burden because of the timing of his term as President as he watched the oligarchs steal everything in sight. His well-known drinking problem and heart condition were surely the result of having to go along with the whole charade. Nevertheless, he knew that in the future stewardship of Vladimir Putin, Russia would be “protected”. For just as the vulture capitalists from both Russia and the West executed their plans (and contracts) to strip Russia bare, so, too, had an ultra-secret group of Russian patriots and nationalists, loyal politicians and government officials made an even stronger compact to take it all back … when the right time presented itself.

(Source: Secret History Revealed — Putin Played Critical Role After The Pre-Planned Collapse Of The USSR)

Yeltsin had nearly a decade to size up his American counterpart. Both he and Clinton were in power at virtually the exact same times. It was clear to the Russians that Clinton was purposefully installed by the Bush political dynasty to present a friendly facade. President Clinton’s handlers knew that if anyone could charm the Russians out of their vast oil and gas wealth, it was the Slick Willie.

More…

Posted at 5:20 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

…And what number were you expecting in a country turning its back on God?

U.S. fiscal year deficit widens to $666 billion
October 20, 2017

WASHINGTON (Reuters) – The U.S. budget deficit widened to $666 billion for the fiscal year 2017 as record spending more than offset record receipts, the Treasury Department said on Friday.

The 2017 deficit increased to 3.5 percent of gross domestic product. The previous fiscal year deficit was $586 billion, with a deficit-to-GDP ratio of 3.2 percent.

The latest fiscal year, which ended Sept. 30, straddled the presidencies of Barack Obama, a Democrat, and Donald Trump, a Republican.

Accounting for calendar adjustments, the 2017 fiscal year deficit was $644 billion compared with $546 billion the prior year.

Fiscal 2017 revenues increased 1 percent to $3.315 trillion, while spending rose 3 percent to $3.981 trillion.

Since taking office in January, the Trump administration has sought to overhaul the U.S. tax code with precise details currently being worked on in Congress.

More…

Bill Holter’s Commentary

…famous last words in and around 1929!

Quotes Of The Morning: Before & After The 1929 Crash
August 26, 2015

clip_image001

One of Colin Seymour’s hobbies is collecting nonsense.

There are few more nonsensical prognostications than folk either side of the event that’s on everyone’s mind this week: the Great Wall St Crash that began in earnest on October 24, 1929. Here’s what some numb-nuts had to say, with the times they said them indicated on Colin’s chart above. They offer a great example of hubris when humility would be far more appropriate. Because these people had much to be humble about …

1. “We will not have any more crashes in our time.”

– John Maynard Keynes, leading British economist, in 1927

2. “I cannot help but raise a dissenting voice to statements that we are living in a fool’s paradise, and that prosperity in this country must necessarily diminish and recede in the near future.”

– E. H. H. Simmons, President, New York Stock Exchange, January 12, 1928

“There will be no interruption of our permanent prosperity.”

– Myron E. Forbes, President, Pierce Arrow Motor Car Co., January 12, 1928

More…

Posted at 5:10 PM (CST) by & filed under General Editorial.

FOR IMMEDIATE RELEASE:

TORONTO, ONTARIO – 19 October 2017, Tanzanian Royalty Exploration Corporation (TSX:TNX)(NYSE MKT:TRX) hereinafter (the “Company”) reports in an article by John Aglionby published today in the Financial Times, “Acacia Mining’s shares soared more than 18 per cent on Thursday after its majority shareholder, Barrick Gold, agreed the Tanzanian government would take a 16 per cent stake in its assets in the east African country to end a six-month dispute over the miner’s operations.” See the Financial Times article attached below in full.

“We believe this settlement is very good news for the Company. The settlement between Barrick and Tanzania represents a major step in furtherance of fairness and equity between the host nation and leaders in the extraction industry. Tanzania and shareholders in the extraction industry can both benefit in a fair distribution of generated mineral profits. We saw a similar structure recently negotiated between Freeport McMoRan and the Indonesian Government; where Indonesia obtained 51% of the Grasberg mine. These are fair relationships between a host nation and investors.” said James E. Sinclair, Executive Chairman.

Sinclair foresaw the necessity of fair dealing and sharing the profits in resource extraction with the host nation and its people. The Company executed its agreement with Tanzania in 2010 regarding the Buckreef mine. The Government of Tanzania through STAMICO owns 45% of the Buckreef mine and shares 45% of the benefits when all costs have been recovered.

“We are confident that the obstacles addressed in the Barrick settlement will reduce the future financing of mining operations exclusively to the fundamentals and economics of the mining projects. The Company’s NI 43-101 Feasibility Study clearly demonstrates the economic feasibility of the Buckreef Project where 1,064,000 ounces of gold are available to be mined.” Sinclair concluded.

FT article on the Barrick deal below.

http://www.miningmx.com/top-story/30749-barrick-share-acacia-mines-tanzania-pays-300m-goodwill-sum/

http://www.thecitizen.co.tz/News/1840340-4146904-4d5qxgz/index.html

3 HOURS AGO by John Aglionby Acacia Mining’s shares soared more than 18 per cent on Thursday after its majority shareholder, Barrick Gold, agreed the Tanzanian government would take a 16 per cent stake in its assets in the east African country to end a six-month dispute over the miner’s operations.

John Thornton, the executive chairman of Barrick, which owns 64 per cent of Acacia, said after talks with government ministers in Tanzania that the company would also pay Tanzania $300m as a sign of good faith.

It was not immediately clear if the government, in return, would lift the demand for Acacia to meet a $190bn demand for unpaid taxes. Acacia operates three mines in Tanzania, which account for the vast majority of its assets. It had scaled back operations at the biggest mine, Bulyanhulu, as a result of the export ban. The dispute started in March when the Tanzanian government banned the export of unprocessed ores in an effort to boost the country’s domestic smelting industry. The government then accused Acacia, one of Africa’s largest gold producers and one of Tanzania’s largest private employers, of illegally under-reporting the amount of metal in its shipments and the tax evasion. Acacia denied any wrongdoing and disputed the Tanzanian revenue authority’s assessments that it owed the government approximately $40bn in unpaid taxes plus a further $150bn in penalties and interest.

Palamagamba Kabudi, Tanzania’s justice and constitutional affairs minister, said Acacia and the government would, in future, split revenues from the three mines 50:50. He said the agreement was in line with the new Tanzanian mining laws passed in July.

Mr Thornton said the deal would be subject to approval from Acacia’s independent shareholders and directors. Acacia, whose shares are still down nearly 60 per cent since the dispute started in early March, said it was still studying the deal reached by Mr Thornton and would issue a statement later on Thursday. Its shares were trading at 216p on Thursday afternoon

For more information and updates, please see the Company website at:

www.tanzanianroyalty.com

Respectfully Submitted,

“James E. Sinclair”

James E. Sinclair

Executive Chairman

For further information, please contact Investor Relations:

Michael Porter

Porter, LeVay & Rose

212-564-4700

mike@plrinvest.com

Cautionary Note Regarding Forward-looking Statements

Certain of the statements made herein may contain forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Often, but not always, forward-looking statements and forward-looking information can be identified using words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements or information herein include, but are not limited to the Positive Feasibility Study on Buckreef.

Forward-looking statements and forward-looking information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information.  We have made certain assumptions about the forward-looking statements and information and even though our management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statement or information will prove to be accurate.  Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information.  These risks, uncertainties and other factors include, among others, the following:  gold price volatility; discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries; mining operational and development risk; litigation risks; regulatory restrictions, including environmental regulatory restrictions and liability; risks of sovereign investment; currency fluctuations; speculative nature of gold exploration; global economic climate; dilution; share price volatility; competition; loss of key employees; additional funding requirements; and defective title to mineral claims or property, as well as those factors discussed in the sections entitled “Forward-Looking Statements” and “Risk Factors” in the Company’s Form 20-F Annual Report dated November 25, 2016.

There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.  Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein.  Except as required by law, we do not expect to update forward-looking statements and information continually as conditions change and you are referred to the full discussion of the Company’s business contained in the Company’s reports filed with the securities regulatory authorities in Canada and the U.S.

Cautionary Note Regarding Mineral Reserves and Mineral Resources

The terms “Mineral Reserve”, “Proven Mineral Reserve” and “Probable Mineral Reserve” used in this release are Canadian mining terms as defined in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the “CIM”) Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council on August 20, 2000 as may be amended from time to time by the CIM.  These definitions differ from the definitions in the United States Securities Exchange Commission (“SEC”) Guide 7.  In the United States, a mineral reserve is defined as a part of a mineral deposit which could be economically and legally extracted or produced at the time the mineral reserve determination is made.

The terms “Mineral Resource”, “Measured Mineral Resource”, “Indicated Mineral Resource”, “Inferred Mineral Resource” used in this release are Canadian mining terms as defined in accordance with National Instruction 43-101 – Standards of Disclosure for Mineral Projects under the guidelines set out in the CIM Standards. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability.

For a detailed discussion of Buckreef resource and reserve estimates and related matters see the Company’s reports, including the Form 20-F Annual Report dated November 25, 2016 and technical reports filed under the Company’s name at our website at: www.TanzanianRoyaltyExploration.com.

Cautionary Note to US Investors Concerning Estimates of Measured, Indicated and Inferred Resources

Note to U.S. Investors.  While the terms “mineral resource”, “measured mineral resource,” “indicated mineral resource”, and “inferred mineral resource” are recognized and required by Canadian regulations, they are not defined terms under standards in the United States and normally are not permitted to be used in reports and registration statements filed with the SEC.  As such, information contained in this report concerning descriptions of mineralization and resources under Canadian standards may not be comparable to similar information made public by U.S companies in SEC filings.  With respect to “indicated mineral resource” and “inferred mineral resource” there is a great amount of uncertainty as to their existence and a great uncertainty as to their economic and legal feasibility.  It cannot be assumed that all or any part of an “indicated mineral resource” or “inferred mineral resource” will ever be upgraded to a higher category.  Investors are cautioned not to assume that any part or all mineral deposits in these categories will ever be converted into reserves.

There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.  Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein.  Except as required by law, we do not expect to update forward-looking statements and information continually as conditions change and you are referred to the full discussion of the Company’s business contained in the Company’s reports filed with the securities regulatory authorities in Canada and the U.S.

Posted at 10:11 AM (CST) by & filed under Jim's Mailbox.

CIGA Keith with a reminder for us.

Bill

“Every man has a right to his own opinion, but no man has a right to be wrong in his facts…

Gold has worked down from Alexander’s time. When something holds good for two thousand years I do not believe it can be so because of prejudice or mistaken

theory.”

clip_image001 clip_image002

Bernard Baruch

Bill Holter’s Commentary

Our good friend Rob reminds us of a little bit of history.

6 Years Ago Today, The Us Helped Murder Gaddafi To Stop The Creation Of Gold-Backed Currency
October 20, 2017

Six years ago today, the West took it upon itself to use NATO to overthrow Libyan leader Muammar al-Gaddafi — not for any humanitarian threat to civilians as had been repeatedly claimed — but because his planned roll-out of a new currency to be used across Africa posed a palpable existential threat to central banks at the heart of the Western financial and political system.

Long theorized to be the actual vehicle for Gaddafi’s downfall, the gold dinar-based, pan-African currency motive came to light in nascent 2016 in one of more than 3,000 of Hillary Clinton’s emails released by the State Department — conveniently timed with the New Year’s holiday to abate outrage or repercussions.

And outrage there should still be — plenty of false posturing in the lead-in to the ultimate overthrow of the Gaddafi regime should sour public trust in the West’s geopolitical motives, as a prime example of embroiling itself in unnecessary conflict every time a nation threatens to gain too much independence.

In March 2011, amid heightening rebellion of the Arab Spring, chaos came to Libya’s second-largest city, Benghazi — and the West and its allies quickly capitalized on those events to partake in a falsely-premised rebellion of its own.

Citing a decades-old U.N. Security Council resolution to invoke a nefarious no-fly zone over Libya to “protect civilians,” the United States, U.K., France, and others began a bombing campaign on March 19 — in actuality, of course, that protection was of the central bank monopoly and, in particular, France’s financial interests in the historically French-colonial region.

“We are doing it to protect the civilian population from the murderous madness of a regime that in killing its own people has lost all legitimacy,” railed French President Nicolas Sarkozy, who played a key role in Gaddafi’s fated demise.

More…