Jim & Bill,
The following are links to articles on the topics from this Saturday’s discussion for subscribers, 1/19/19. I encourage our listeners to read for themselves.
If this is the plan, then part two of the plan was added a few hours ago, with this tweet from the President…
Wow, just heard that my poll numbers with Hispanics has gone up 19%, to 50%. That is because they know the Border issue better than anyone, and they want Security, which can only be gotten with a Wall.
— Donald J. Trump (@realDonaldTrump) January 20, 2019
Trump Puts Schumer And Pelosi In A Brilliant Vise Grip
January 19, 2019
By Jim Davis
The federal government shutdown has presented a unique opportunity for President Donald Trump to clear out the deadwood in the federal bureaucracy, saving U.S. taxpayers billions of dollars in salaries, perks, and rented office space for people who aren’t doing anything productive.
At the same time, Trump can get rid of dozens, possibly even hundreds of Deep State operatives in the government, handpicked by Barack Obama and Bill Clinton for their loyalty to the Democratic Party, not their country or the law.
These people leak like a screen door in a submarine, mainly to CNN and MSNBC, the twin headquarters of Trump-hatred on cable TV. Peter Strzok and Lisa Page were choreographing their leaks to the media via text messages. Even though Strzok was fired and Page resigned, it’s clear there are many others. They actively resist Trump and the Republicans at every opportunity. This is the core of the Resistance.
By Greg Hunter’s USAWatchdog.com (Early Sunday Release)
Michigan State Economics Professor Mark Skidmore has revealed there was $21 trillion in what he calls “missing money” from the Department of Defense (DOD) and Housing and Urban Development (HUD). He and a team of academics used publicly available government accounting reports and revealed their results in late 2017. Now, the mainstream media (MSM) has picked up the story. Instead of sounding the alarm to the public, it says it’s basically all a big mistake and is discounting the biggest accounting fraud in the U.S. government history. Is the MSM trying to cover up and kill this story? Dr. Skidmore says, “They are trying to kill this story, but I don’t think they have killed this story. . . . Basically, what they said was this was just all ‘plugs’ and there is a mix-up in the transactions. It’s really not that big of a deal. They did say it was $21 trillion in transactions that cannot be verified, but discounted it fully.”
Now, the government will not give any information on this “missing” $21 trillion. Skidmore goes on to say, “When you start looking at the mess that could possibly generate $21 trillion that are unverified, ‘missing money,’ it’s so big, so huge, it is inconceivable that it could just be a comedy of errors. . . . I think there is a high percentage of fraud. I believe there is a tremendous amount of fraud embedded in there. . . . When we get to these numbers, the odds there is not fraud in $21 trillion is mind boggling. . . . There is zero chance there is no fraud.
So, this is a huge accounting fraud? Dr. Skidmore says, “Yeah, in my mind, I cannot come to any other conclusion. I just don’t see how you can come up with those huge numbers based on public budgeting without something terribly gone wrong. It’s not just ‘plugs.’ You want to go back in and look at those transactions, and we are not given access to do that.”
Saturday – huge announcement!
I will be making a major announcement concerning the Humanitarian Crisis on our Southern Border, and the Shutdown, tomorrow afternoon at 3 P.M., live from the @WhiteHouse.
— Donald J. Trump (@realDonaldTrump) January 18, 2019
Jim Sinclair’s Commentary
You know that they know!
The Polar Vortex Is Collapsing — Here’s What That Means for Your Winter Weather
January 18, 2019
The blast of Arctic weather headed for the United States this weekend could be a first sign of still worse things to come this winter, with signs that a circular low-pressure system of swirling winds that normally keeps frigid air locked up at the North Pole has been disrupted and split into smaller parts.
The disruption in this counterclockwise-spinning beast, called the polar vortex, is thought to be caused in part by a warm summer over the Arctic and a relatively cold fall over Siberia. The result for the United States and northern Europe? A severe winter lasting throughout February and possibly into March.
Meteorologist Judah Cohen agreed that the breaking up of the polar vortex could be the culprit for the coming storm. Cohen, the director of seasonal forecasting for the weather risk management company Atmospheric and Environmental Research (AER), based in Lexington, Massachusetts, told Live Science that the coming snowstorms in the United States this weekend are consistent with weather models that predicted severe wintry weather to come in the coming weeks. [Infographic: Earth’s Atmosphere Top to Bottom]
Bill Holter’s Commentary
A wise move.
Wyoming Legislators Want State to De-Risk Investments by Holding Gold and Silver
January 17th, 2019
Cheyenne, Wyoming (January 17, 2019) – A group of Wyoming legislators have introduced three bills this week to de-risk the state’s financial holdings with modest allocations to physical gold and silver in the state’s pension fund, reserve fund, and mineral trust fund.
Introduced by Representative Roy Edwards (R-Gillette) and co-sponsored by 15 others, the Wyoming Sound Money Trust Act (HB 174) empowers the State Treasurer to hold at least 10% of the Permanent Wyoming Mineral Trust Fund in the monetary metals in a depository in or near the state of Wyoming.
The Permanent Wyoming Mineral Trust Fund is the state’s oldest and most well-funded permanent fund with over $8 billion in assets.
Last year, Rep. Edwards successfully passed the ground-breaking Wyoming Legal Tender Act, a measure which reaffirmed that gold and silver are constitutional money and removed all state taxation of them.
Good News For Gold Mining Investors – Merger Mania Is Gripping The Sector
January 15, 2019
News broke yesterday of the biggest merger in gold mining history. Newmont Mining (NYSE:NEM) announced that it was combining with Goldcorp (TSX:G/NYSE:GG) to become the world’s largest gold producer.
This follows on the heels of the Barrick-Randgold merger, which was announced last September, and completed a fortnight ago.
It’s merger-mania in gold mining. What are the implications?
The top dog merges with a total dog
Until recently, Newmont Mining had enjoyed top dog status as the world’s largest gold miner. It has three producing mines in the US, three in Australia, two in Ghana and two in South America (comparatively stable jurisdictions for a miner). Last year it produced some 5.3 million ounces of gold, and it has further reserves of just under 70 million ounces. Its market capitalisation, before yesterday’s announcement, was close to $17bn.
Over the last ten years, it has been creditable, if unspectacular performer, at least by gold mining standards, and, since 2016, has comfortably outperformed the sector’s benchmark exchange-traded fund (ETF) – GDX (NYSE:GDX).
Keep in mind this sets up a continuous metal currency metal arbitrage the would be demanded for paper at a key technical point for paper gold in dollars. JES
Gold Hits An All Time High In 72 Currencies
January 15, 2018
It is natural that we measure things by a familiar yardstick – the problem is that being so-biased or lazy, we can be deceived.
Take gold. Popular belief has it that gold prices have not performed especially well despite some egregious geopolitical and economic factors. Well measured in 72 currencies, gold is at … or within a few percentage points … of being at an all time high for people in those countries. Not on the list are the British Pound, the Swiss Franc, the Euro and Chinese Yuan – but we are not far off in all of those currencies too. Only in USD does gold lag – and not all of us live in the US.
Using the dollar gold price, as most of us do, has disguised what is actually quite a powerful bull market. If my memory serves me right, we saw the same phenomenon – a stealth rally in minor currencies – ahead of the last major gold bull run (in dollars) in the late 1990’s. Arguably this may be a very good leading indicator.
Faulty yardsticks also takes us onto wealth management. Measuring our net worth in local currencies, we might be rather pleased with ourselves – smug even. However we chose to ignore the fact that the yardstick is not a constant … it is shrinking and sometimes really quite fast. It’s the natural corrosive effect of inflation. Knowing this, governments give us a gauge for yardstick shrinkage to use such as RPI or CPI, to reassure you that the shrinkage is minimal… and then lie about it.
There are alternatives.
Bill Holter’s Commentary
Nothing to see here…unless you are a traitor to the nation, have committed gross financial fraud or traffic in humans!
2019 Brings Changes To Military Justice System
January 1, 2019
FORT MEADE, Md. — A host of changes to the Uniform Code of Military Justice became effective Jan. 1, modernizing definitions for many offenses, adjusting maximum penalties, standardizing court-martial panels, creating new computer-crime laws, and much more.
The changes strike a balance between protecting the rights of the accused and empowering commanders to effect good order and discipline, said Col. Sara Root, chief of the Army’s Military Justice Legislation Training Team.
“We’re pretty excited,” Root said. “It’s a healthy growth of our military justice system.”
Root and three members of her team spent the last year traveling to 48 installations to train 6,000 legal personnel and law-enforcement agents about the changes. Her two-day classes included everyone from judges to law clerks, and privates to generals, she said, and even 600 from other military services.