Posted at 3:22 PM (CST) by & filed under In The News.

Lawsuit By Sandy Hook Victims Against Gun Manufacturer Allowed To Move Forward
March 14, 2019

After months of silence, the Connecticut Supreme Court on Thursday reinstated a wrongful death lawsuit filed by the families of nine victims of the Sandy Hook Elementary School shooting against Remington Arms, the manufacturer of the rifle used in the shooting.

The court’s narrow decision, overturning a lower court judge, rules that Remington can be sued over its marketing practices under a Connecticut state law, despite protections offered to gun manufacturers by federal law. The ruling sends the case back to the lower court.

The suit is a high-stakes challenge to gun companies, which have rarely been held liable for crimes committed with their products, and could mark a new front in the battle over gun regulations and corporate accountability. It centers on the Protection of Lawful Commerce in Arms Act (PLCAA), a 2005 law that shields manufacturers and retailers from civil liability in lawsuits brought by victims of gun violence. An eventual ruling against Remington could establish legal precedent, opening doors for more lawsuits against gun manufacturers, and expose the company’s communications about its marketing plans.


Bill Holter’s Commentary

Sunday reading.

Why Gold Is Still The Best Basis For Money
March 16, 2019

As we continue to enjoy the “Yellen gold standard,” now in its Powell phase — who knows how long it will last — let’s look at why the gold standard system worked so well for so many centuries, including nearly two centuries of U.S. history before the rupture in 1971, during which time the United States became the wealthiest country in the history of world.

In 1971, the economist Arthur Laffer — he was the chief economist of the Office of Management and Budget at the time — was asked what he thought the consequences would be of Nixon’s “closing of the gold window,” which effectively ended the Bretton Woods period when the dollar’s value was fixed at $35/ounce of gold.

“It won’t be as much fun to be an American anymore,” Laffer reportedly replied. And he was right.

But why? Why is it that the collective intelligence (let’s be generous) of today’s central bankers, and indeed all the central bankers since 1971, cannot outperform a yellow rock? This probably strikes some as bizarre, but it has always been thus. Way back in 1928, in a book called The Intelligent Woman’s Guide to Socialism and Capitalism, George Bernard Shaw declared:


Posted at 1:29 PM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

The latest from John Williams

– Consumption/Manufacturing Downturn Driven by Consumer Liquidity Woes

– Weakening Industrial Production, Manufacturing and Capacity Utilization Were Consistent With a Pending Downside Revision to Fourth-Quarter 2018 GDP and Signaled High Odds of a First-Quarter 2019 GDP Contraction
– These Data Reinforced Similar Negative Revisions Seen With Earlier Indicators, Including: Retail Sales, Housing, Construction and Payrolls
– February Housing Starts (March 26th), January Trade Deficit (March 27th) and An Eviscerated Annual Industrial Production Benchmarking (March 27th) Are the Last Major Reports, Prior to the March 28th Final GDP Estimate; There Is Limited Chance of a Reprieve
– The Economy Is Weakening Sharply and Quickly, Due to the Overly Aggressive Federal Reserve Tightening and Rate Hikes
– Where Current U.S. Economic Activity Has Signaled a New Recession, Major Business Sectors, Such as Manufacturing and Construction, Never Recovered Fully from the Last One
– Accordingly, the March 20th FOMC Meeting Is Not Too Early to Address the Intensifying Business Collapse; Yet, the FOMC Is Expected to Sit on Its Hands

“Bullet Edition No. 3”

Bill Holter’s Commentary

Did you have any doubt this is a credit bubble?

Bonds With “Worst-Ever Covenants” Are 3x Oversubscribed
March 15, 2019

Just how much investor appetite is there for bonds? So much, that even in a week that saw the second biggest equity inflow on record (after a 13 week drought) buying of bonds continued for a 10th consecutive week, rising to $7.01bn from $2.74bn the week prior.










This flood into fixed income continues despite repeated warnings about the dangers of the corporate debt bubble from such investing icons as DoubleLine’s Jeff Gundlach and Marathon’s Bruce Richards, not to mention the IMF and BIS, who have been focusing on the growing risk of mass downgrades in the $3 trillion BBB-space, which could translate into a tsunami of fallen angels during the next recession.


Posted at 9:28 AM (CST) by & filed under In The News.

The Millennial Falcon (Ag/AU) Returns on the Ides of March
March 15, 2019

Good Friday Morning Folks,   

        Welcome to the early Morning Reversal where Gold turned on the shorts the very next day with the price now above the ($1,300) Maginot line at $1,303.20, up $8.10 and with the usual, close to the high of $1,304.30 with a low at $1,293.70. Silver is leading the charge (ok, barely) with its trade at $15.36, up 19 cents and only 3 cents off its high with a low at $15.165. It’s still NOT about the Dollar or our economic conditions or if it is, then the Algos are in some sort of funk with the US$’s trade at 96.675, down only 9.4 points with a low at 96.585 and the high at 96.775. All of this activity was done around 5 am pst and still before the Comex open. The Venezuelan calculations for Gold’s price now shows a value at 13,015.71 Bolivar, regaining some 51.93 overnight with Silver’s price now at 153.408, et tu (apropos for today’s Ide’s of March) regaining 1.198 Bolivar.    

      The March Silver Delivery Cycle carries on with the count now at 75 demands for physical with Zero Volume up on the board so far this morning, proving a drop of 122 contracts being settled out somewhere between here and that City in Chaos, England. At least the Overall Open Interest is proving something as the count lost another 1,240 contracts during yesterday’s pump and dump scheme giving us a total count of 187,171 Overnighters still in trade.    

      There are many approaches to Pumping and Dumping, one way to go is to remove a batch of short positions just before the closing count and then re-enter these positions during the next day’s trades (pumping and dumping) but then clear out more contracts just before the closing count is done again. This would also explain the High Volume count James Mc, from Le Metro Pole Café fame, talks about during the sleeping period the moment COMEX opens. I’m not saying this is happening, I’m just saying there are many possibilities which we will solve in time as the Ides of March moves on.


Posted at 9:17 AM (CST) by & filed under Jim's Mailbox.

Holter vacation in London.



I love Judicial Watch…


On Watch: How Donald Trump was Targeted by the FBI
March 13, 2019




You, Bill and I were all in agreement that Tariffs and Trade Wars would not be good policy.  Too bad the administration did not listen-in to our Saturday talks.


Cohn Slams Former White House Colleagues: “I Don’t Want To Live In Chaos”
March 14, 2019

Former White House chief economic advisor Gary Cohn, who quit in a huff over Trump’s tariffs on steel and aluminum, has lashed out at some of his former colleagues in a Wednesday interview with Freakonomics Radio.

Cohn slammed National Trade Council director Peter Navarro and Commerce Secretary Wilbur Ross for leading the country into an unnecessary trade war.

“Tariffs don’t work. If anything, they hurt the economy because if you’re a typical American worker, you have a finite amount of income to spend,” the former Goldman Sachs #2 executive told host Stephen J. Dubner. “If you have to spend more on the necessity products that you need to live, you have less to spend on the services that you want to buy.”

When interviewer Stephen J. Dubner suggests that all other economists except for one — Navarro — would agree on that point, Cohn said, “There’s only one in the world. That we know of.” –CNBC




This article is long but I hope every one takes the time to read it and then they will understand why alternative media like “JSMineset” is so important.


The CIA and the Media: 50 Facts the World Needs to Know
January 30, 2018

This article  by Professor James Tracy first published in August 2015 is of particular relevance in relation to the “fake news” campaign directed against the alternative and independent media.

In a bitter irony, the media coverup of  the CIA’s covert support to Al Qaeda and the ISIS is instrumented by the CIA which also oversees the mainstream media.

Since the end of World War Two the Central Intelligence Agency has been a major force in US and foreign news media, exerting considerable influence over what the public sees, hears and reads on a regular basis. CIA publicists and journalists alike will assert they have few, if any, relationships, yet the seldom acknowledged history of their intimate collaboration indicates a far different story–indeed, one that media historians are reluctant to examine.

When seriously practiced, the journalistic profession involves gathering information concerning individuals, locales, events, and issues. In theory such information informs people about their world, thereby strengthening “democracy.” This is exactly the reason why news organizations and individual journalists are tapped as assets by intelligence agencies and, as the experiences of German journalist Udo Ulfkotte (entry 47 below) suggest, this practice is at least as widespread today as it was at the height of the Cold War.




Another Government agency that may not have public safety first and foremost on its mind.


NASA Warns Hurricane Forecasts May Revert To 1970 Accuracy Due To 5G Conflict
March 14, 2019

Authored by Mike Shedlock via MishTalk

. . .

The FCC’s Brian Hart said the plan to auction this spectrum has “been on the books since 2007” and that “it is therefore perplexing to be asked to postpone this auction the day before it is going to start.”

The request was made last week, not the day before. But yes, that is the last minute in a manner of speaking.

Regardless, what the hell is the priority here?

If there is a strong chance public safety is at risk, as seems the case, it is idiotic to suggest it is too late to make a change.

The FCC should hold off on auctioning this portion of the spectrum or at least widen the spread between to reduce chance of interference.

“Sorry, it’s too late to be concerned about lives” seems to be the message.

I smell lawsuits.


Posted at 12:42 PM (CST) by & filed under In The News.

Silver Is Hated By The Empire As Much As The Millennial Falcon
March 14, 2019

Great and Wonderful Thursday Morning Folks,   

      Gold is down this morning with the trade doing exactly the opposite of what it should, with the price now at $1,298, once again below that ($1,300) Maginot line with the London Low right there at $1,295.70 with the high to beat (and it will in time) at $1,310.30. Silver is equally punished for being part of the global economic barometer that works regardless of the game with its trade at $15.24, down 21.6 cents and, of course, right beside the low of $15.21 and the high at $15.47. None of this activity is about the US Dollar or our nation’s weakness within the arena of economics and finance, the Dollar’s value is up 25.3 points, just because of Britain, with the value pegged at 96.765, close to the high at 96.805 with the low that needs to drop a hell of a lot more at 96.475. Of course, all this had to be done while we sleep and while Britain ignores its voters.

      Our Venezuelan example of too much printed fiat is showing Gold’s conversion price at 12,963.78 Bolivar, taking back about 87.89 Bolivar from yesterday’s huge gains with Silver now at 152.210 losing even more than it gained yesterday now totaling a loss of 2.546 Bolivar overnight. No matter what currency Silver is calculated under, it is equally as hated by the Empire as much as the Millennial Falcon has been in the Star Wars movies over all these decades. One thing for certain, Silver and Gold will never go away because they are real and the biggest pain in the ass for the failing fiat empire.   


Posted at 12:38 PM (CST) by & filed under Jim's Mailbox.


In my opinion, the sad answer to the question would be no.


The College Admissions Scandal Is A Perfect Example Of How Deeply Corrupt America Has Become
March 14, 2019

Is there anything left in this country that has not been deeply tainted by corruption?

By now you have probably heard that dozens of people have been arrested for participating in a multi-million dollar college admissions scam.  Enormous amounts of money were paid out in order to ensure that children from very wealthy families were able to get into top schools such as Yale University, Stanford University, the University of Texas and the University of Southern California. And as The Economic Collapse blog’s Michael Snyder writes, we should certainly be disgusted by these revelations, but we shouldn’t be surprised.  Such corruption happens every single day on every single level of society in America.  At this point our nation is so far gone that it is shocking when you run into someone that actually still has some integrity.

The “mastermind” behind this college admissions scam was a con man named William Rick Singer.  He had been successfully getting the kids of wealthy people into top colleges for years using “side doors”, and he probably thought that he would never get caught.

But he did.




Looks like the revolving door between Big Business and Government.


Trump’s Defense Secretary Faces Ethics Complaint Over Boeing Promotion
March 13, 2019

A government watchdog group has asked the Department of Defense Inspector General to investigate whether Acting Secretary of Defense Patrick Shanahan violated ethics rules by promoting Boeing weapons systems while serving as a government official.

Shanahan, 56, worked at Boeing for more than 30 years prior to being tapped by President Donald Trump to serve as deputy secretary of defense under former Defense Secretary Jim Mattis. When Mattis submitted his resignation in December, Shanahan was named by Trump as acting defense secretary.

Since coming to the Pentagon, Shanahan has faced criticism over reports that he has touted Boeing’s line of aircraft over rival Lockheed Martin. In the fiscal year 2020 budget released Tuesday, the Air Force is set to purchase up to 80 F-15Xs over the next five years — a system, made by Boeing, that the Air Force has said it does not want.




What come first, the safety of the flying public or propping up the stock market with share buy backs?


Cancellation Chaos: $600 Billion In Boeing 737 Max Orders At Risk
March 14, 2019

New evidence shows that the Boeing Co. 737 MAX which crashed in Ethiopia on Sunday may have experienced similar technical difficulties as the 737 MAX that crashed off Indonesia last year. The Federal Aviation Authority (FAA) cited similarities with in-flight data of both planes when it spoke to global regulators about grounding the jet. With the company facing a pr disaster and loss of confidence with global airline carriers, there could be more than $600 billion in orders at risk of cancellation, reported Bloomberg.

VietJet Aviation JSC doubled its 737 MAX order last month to $25 billion, now the Vietnamese low-cost airliner is having second thoughts. Kenya Airways Plc is reviewing its contracts to purchase billions of dollars of the MAX and could even switch to Airbus SE’s rival A320. Russia’s Utair Aviation PJSC is expected to take delivery of 30 MAXs but wants to seek guarantees the planes are not defective.









Posted at 11:22 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

Damn right something went wrong…finally something that’s not fake news!










Q drops Lisa Page + Spotlight Brexit
March 13, 2019

Great and Wonderful Hump Day Morning Folks,

         We are seeing a rare follow thru day today as Gold seems to be adding some more value with the trade at $1,306.80 up $8.70 closer to the high at $1,309.40 than the low of $1,300.60. Silver is following but still adding value with the trade at $15.495, up 8.2 cents inside a trading range between $15.55 and $15.435. The US Dollar is once again stagnant with its value pegged at 96.815 down 7.9 points and close to the low at 96.795 with the high at 96.985, all this was done a bit after 5 am pst, because of all the windows updates. Venezuelan Gold is now priced at 13,051.67 adding a humongous 99.88 Bolivar in value overnight with Silver now priced at 154.756 adding .699 Bolivar.    

     March Silver’s Delivery Demands remain constant with the requests for physical standing at 417 contracts with a Volume of 2 up on the board so far this morning. Silver’s Overall Open Interest dropped a bit more during yesterday’s activities with the count now at 189,878 Overnighters proving another 1,075 obligations left the trade as the market went higher. Normally this would indicate shorts exiting the trade, but with Algo’s? Who really knows anymore?

           Yesterday was rather enlightening when Q dropped the note about the Lisa Page Testimony being released for all to see and discuss giving us a much deeper view into who/what/why/where was going on while the Tarmac Meeting, Hillary Clinton, and those inside the upper levels of the “initials” management approached the problem of an insider not making it into office under their support. What was being discussed behind the scenes will make things far more interesting in the future because we have yet to discuss (in depth) Britain’s involvement. No point in going there right now because Teresa May is demanding spotlight time with her Brexit deal (being) crushed by MPs AGAIN meaning we’re no nearer to quitting EU after 993 days. Proving the point that politicians have no purpose what so ever but to obstruct, delay, and phuck shit up (very very familiar).