Posted at 8:14 AM (CST) by & filed under General Editorial.

We had the pleasure of speaking with Mr. G. Edward Griffin today. Denny did a wonderful job with questions and Mr. Griffin did not disappoint! We came away thinking, here is a guy who looked at the exact same things we are but from other angles…and concludes almost verbatim our conclusions. You might notice at the end, Denny exclaimed “wow, he sounds almost exactly like you Dave except he delivers it eloquently like Mr. Rogers instead of Atilla the Hun”! This interview will be held for 24 hours for our subscribers and then made public as the man is telling absolute truth that everyone in the public should hear whether they understand it or not…!

Posted at 11:06 AM (CST) by & filed under Jim's Mailbox.

Shhhh! Nobody cares until they all of a sudden, everyone cares.

JB

…and care they will JB!

Bill

Fed Injects $134BN In Liquidity, Term Repo Oversubscribed Amid Month-End Liquidity Panic
October 24, 2019

With stocks threatening to close in the red, late on Wednesday the Fed sparked a furious last hour rally…

 

 

 

 

 

 

 

 

 

 

 

… when in a a statement published at 1515ET, precisely when the S&P ramp started, the New York Fed confirmed it would dramatically increase both its overnight and term liquidity provisions beginning tomorrow through November 14th.

The Desk has released an update to the schedule of repurchase agreement (repo) operations for the current monthly period. Consistent with the most recent FOMC directive, to ensure that the supply of reserves remains ample even during periods of sharp increases in non-reserve liabilities, and to mitigate the risk of money market pressures that could adversely affect policy implementation…

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Posted at 9:40 AM (CST) by & filed under In The News.

J. Johnson’s Latest – We’re at the Nitty and the Gritty of this 3-year Silver Option Study
October 24, 2019

Great and Wonderful Thursday Morning Folks,  

     Gold’s is in a super tight trading range and under early morning pressure with the trade at $1,493.30, down $2.40 after being pushed down to $1,490.40 with the high at $1,496.30. Silver has no volatility either with its trade at $17.54, down 4 cents with its high at $17.60 and the low at $17.485. The US Dollar is having more movement then the real money with its trade now at 97.25, up 1.4 points after the push down to 97.055 with the high close by at 97.300. All of this non-trading activity occurred before 5 am pst, the Comex open, and the London close.    

     Gold’s trade under the Venezuelan Bolivar is showing a loss of 17.98 in value with the price at 14,914.33 Bolivar. Silver’s value in Venezuela is now priced at 175.181 Bolivar barely proving a nickel drop. In Argentina, Gold’s value is now priced at 87,967.82 giving the noble metal a 395.62 A-Peso jump in value with Silver at 1,033.21 Pesos, it too gaining 4.48 in the overnight. Over in the agreeable lands of Turkey, Gold is now priced at 8,627.07 Lira proving a loss of 17.08 in value with Silver at 101.373 Lira’s showing only a 0.066 T-Lira loss in value.    

     The October Silver Delivery requests shows a 22-count drop from yesterday’s trades giving us a total of 113 fully paid for (5,000 ounces per contract) requests waiting for receipts and with zero Volume posted so far today. Yesterday’s Delivery Month Volume reached 27 as the trading range widened to the upside giving the high price in the delivery month a post of $17.56 with the very last single order trade of the day at $17.49 with Comex’s closing price is $17.517. Silver’s Overall Open Interest remains elevated and it also gained another 554 more shorts in order to “stay the price” with the total count now at 215,133 Overnighters. Still to date the elevated count in Open Interest has yet to be reduced proving the shorts have to keep the count elevated or the price WILL explode.    

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Posted at 10:07 AM (CST) by & filed under Jim's Mailbox.

Jim/Bill,

As I said a couple of weeks ago, this was a disaster waiting to happen. Wall Street keeps fleecing the sheeple.

Dave

WeWork’s Unraveling Is Another Indictment of Wall Street’s Universal Bank Model
October 22, 2019

WeWork is just one more in a long series of Wall Street scandals that prove that the universal banking model is little more than a thinly-disguised wealth transfer system from the pockets of average Americans to the 1 percent.

Just two months ago WeWork’s two lead Wall Street underwriters, JPMorgan Chase and Goldman Sachs, were planning to offer WeWork’s shares to the public investor at a valuation in excess of $47 billion. Now we are learning that the company may run out of money next month and has an actual valuation of $8 billion or less.

WeWork’s founder, Adam Neumann, who was attempting to cash out of his company that had never made a dime of profits in its nine years of existence and had run up losses of $900 million in just the first six months of this year, will walk away as a billionaire according to a report in the Wall Street Journal this morning. According to the Journal, the Japanese SoftBank is planning to take over the mess and plow in more billions in a private buyout. SoftBank already has $10.5 billion invested in WeWork so it is effectively doubling down on a bad trade – something that even rookie stockbrokers know better than to do.

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Jim/Bill,

John Whitehead makes some good points.

Dave

The Pathocracy Of The Deep State: Tyranny At The Hands Of A Psychopathic Government
October 23, 2019

. . .

There is no difference between psychopaths and politicians.

Nor is there much of a difference between the havoc wreaked on innocent lives by uncaring, unfeeling, selfish, irresponsible, parasitic criminals and elected officials who lie to their constituents, trade political favors for campaign contributions, turn a blind eye to the wishes of the electorate, cheat taxpayers out of hard-earned dollars, favor the corporate elite, entrench the military industrial complex, and spare little thought for the impact their thoughtless actions and hastily passed legislation might have on defenseless citizens.

Psychopaths and politicians both have a tendency to be selfish, callous, remorseless users of others, irresponsible, pathological liars, glib, con artists, lacking in remorse and shallow.

Charismatic politicians, like criminal psychopaths, exhibit a failure to accept responsibility for their actions, have a high sense of self-worth, are chronically unstable, have socially deviant lifestyles, need constant stimulation, have parasitic lifestyles and possess unrealistic goals.

It doesn’t matter whether you’re talking about Democrats or Republicans.

Political psychopaths are all largely cut from the same pathological cloth, brimming with seemingly easy charm and boasting calculating minds. Such leaders eventually create pathocracies: totalitarian societies bent on power, control, and destruction of both freedom in general and those who exercise their freedoms.

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Posted at 10:02 AM (CST) by & filed under In The News.

J. Johnson’s Latest – Why Is the Silver Seller Not Taking The Higher Price When Offered?
October 23, 2019

Great and Wonderful Wednesday Morning Folks,  

     Gold is leading the trend so far with the trade at $1,495.10, up $7.60 and being pushed lower from its high already reached at $1,498.10 with the low at $1,490.70. Silver is still under the control of the Algo makers with the trade at $17.545, up 4.5 cents after reaching up to $17.615 with the low only 10 cents from the top. The US Dollar’s trade remains constant, as if all that printing doesn’t do anything but get spent with none of it showing up in the usual places with the trade at 97.315, up 5.9 points with its high at 97.39 and the low at 97.22. All of this of course was done while we slept, before 5 am pst, the Comex open, and the London close.  

     In Venezuela, Gold is now valued at 14,932.31 proving a gain of 47.94 Bolivar over yesterday’s price with Silver now at 175.231 showing a loss of 0.998 in the overnight. Argentina’s Peso now has Gold valued at 87,572.20 giving the real money a 621.81 A-Peso gain in value with Silver at 1,028.73 showing a drop of 1.86 in A-Peso value. In Turkey, the Lira now has Gold’s value pegged at 8,644.15 proving a loss of 51.13 in value with Silver at 101.439 it too losing 1.495 in T-Lira value.  

     Yesterday turned out to be a physical Silver buying frenzy at the Comex and all within that ½ penny range as the Volume jumped from 8 to 51 yet no additional price increases posted, including that 11 lot buy order offered 6.5 cents higher than the last. Why did the sellers not take that higher price when it was offered? Hello McGoverningBody! Selling at the higher price means more profits to the seller and he doesn’t want that? Am I missing something? Why is the seller not taking the higher price? We believe it’s about controlling the price and nothing else, and right at the delivery. We know these are additional buys because the Open Interest in the October Silver Delivery system jumped to 135 fully paid for contracts waiting for receipts, proving at least 23 of those 51 were real purchases, with the possibility of the other 28 replacing other buyers that were waiting to get their receipts which were finally delivered.

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Posted at 10:00 AM (CST) by & filed under USAWatchdog.com.

By Greg Hunter’s USAWatchdog.com 

Early this year, financial writer and precious metals expert Craig Hemke predicted the Fed would be forced to return to QE, just like in the 2008 market meltdown. Looks like Hemke’s prediction has come true because the Federal Reserve is printing billions in cash in the Repo market every week. Hemke explains, “At the last Fed meeting in September, we were told that the Fed was ‘neutral’ right now, and they were just going to be ‘data dependent’ and everything is fine. Just three weeks later, (Fed Head) Powell is out there saying we are going to have to restart buying T-Bills, and these repo facilities we have set up are going to become a permanent thing. Wait, whoa, what happened here? Just three weeks ago, you said everything was fine. These repo facilities they have set up are basically like a Fed pawn shop where banks can come to the Fed and say here are some Treasury bonds . . . we are going to give you these Treasury bonds and you are going to give us some cash. We thought this was temporary back at the end of September, and now it’s a permanent deal. Every single day, banks are showing up at this Fed window demanding dollars. Powell has also said don’t you dare call this quantitative easing, and the Fed is going to start monetizing $60 billion in U.S. debt every single month through June. . . . That’s over $500 billion in debt they are going to monetize, but don’t call it QE. . .The point is the central bankers are moving into a panic mode. I thought this was going to be more gradual. . . . all of a sudden, the signs are there that this is a panic.”

Hemke says there are plenty of signals being put out that things are getting much worse for the global economy. Hemke points out a new financial report out this week that says, “More than half of the world’s banks may not be able to survive the next financial crisis or recession because they don’t have the liquidity reserves—more than half. Let me hit you with one more. Mervyn King, who used to be Head of the Bank of England . . . earlier this week, said, ‘It’s time for the Federal Reserve and other central banks to begin talks behind closed doors with politicians to make legislators aware of how vulnerable they would be in the event of another crisis. What? Talks behind closed doors? . . . .They are doing everything they can to keep the illusion going. They are doing everything they can to keep the markets propped up. In the end, there is going to be a loss of faith in the central bank’s ability to keep it all going. This will bleed over to the demand for gold and silver. We are seeing that at the retail level, the institutional level and even at the central bank level. This is going to be a great year for gold and silver, and prices are only going to keep going higher.”

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Posted at 10:08 AM (CST) by & filed under In The News.

J. Johnson’s Latest – We May Be Getting Into The Nitty And Gritty Of It All – Ag!
October 22, 2019

Great and Wonderful Tuesday Morning Folks,  

     Gold is trading higher this morning after yesterday’s very brief lead by Silver with Au’s trade at $1,490.30, up $2.20 after reaching $1,492.10 with the low at $1,484.00. Silver is following at $17.645, up 4.3 cents and close to its high at $17.68 with the low down at $17.455. The only thing that’s keeping the precious metals from moving higher without the controllers, is the US Dollar. We all know one day this turd will flush but until then, its value is pegged at 97.16, up 11 points and at it’s high (97.165) with the low at 96.99. Or course all of this was done before 5am pst, the Comex open, and the London close.  

     The corrections in the emerging markets are real encouraging since yesterday’s rally. In Venezuela, Gold is now valued at 14,884.37 Bolivar down 42.95, taking back most of yesterday’s gains but not all with Silver’s price under the Bolivar at 176.229 down 0.899 Bolivar, taking back less than half of yesterday’s gains. In Argentina, Gold’s price now stands at 87,041.33 proving it too lost 63.14 which is by far less than half of yesterday’s gains with Silver 1,030.59 A-Pesos, losing only 3.02 from yesterday’s 13.02 Peso gain. Over in Turkey, the T-Lira now has Gold valued at 8,695.28 showing a loss of 22.62 from yesterday’s gains with Silver losing only 0.303 in T-Lira value with its price at 102.937 Lira.    

     October Silver Deliveries now show a demand count of 112 fully paid for receipts waiting to take delivery, proving a reduction of 18 – 5,000-ounce contracts of Silver during yesterday trades. We also have a Volume of 8 up on the board this morning with a trading range between $17.49 and $17.485. I also see a buyer trying to get some product with a requested price of $17.55, 6.5 cents higher and with a buy order total of 11 with no sellers around. Hmmm. We may be getting into the nitty gritty of it all and real soon too. Yesterday, we were on the verge of a far more powerful upward move in Silver, that is until the shorts came in to “not control” but to add “liquidity” to the system by adding 2,426 more positions into the Overall Open Interest giving us a total of 213,801 Overnighters. This game will carry on till there is no more physical at these prices. With the way the sellers fill only the dip prices and not the higher buys, we may be seeing the stress in reverse.    

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Bill Holter’s Commentary

How does the saying go…out of my cold dead hands?

National Police Unions Refuse To Enforce Beto’s Gun Confiscation Plan If Elected
October 21, 2019

While Robert “Beto” O’Rourke’s plan for a mandatory buyback of “assault weapons” remains conceptual, many law enforcement officials have already assailed the proposed measure as “unconstitutional” and one they would not enforce.

Last week O’Rourke proposed a “visit by law enforcement” to collect banned firearms from holdouts of his proposed mandatory buyback of “assault weapons,’” such as AR-15s. O’Rourke appeared to reach that law enforcement conclusion after being pressed for details on how his plan would counter mass noncompliance by gun owners; however members of the National Fraternal Order of Police (FOP) and other law enforcement officials are already undermining that proposal, according to the Washington Free Beacon.

Several law enforcement officials reportedly called the gun control plan “ridiculous” and “asinine” and raised questions about its constitutionality.

A leader of the National Fraternal Order of Police—the nation’s largest police union, representing more than 330,000 sworn law-enforcement officers—said that not only was Beto’s plan unlikely to be constitutional but that Beto himself was unlikely to ever be elected.

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