Posted at 10:47 AM (CST) by & filed under Jim's Mailbox.

Bill,

Could it be possible that just as Congress has done nothing about the deficit knowing we’re going down (shtf) that Trump also realizes there are now more important things to address.
Yes we would all feel better if the bad guys were in prison (hung would be my choice), but if the “crash” is imminent then there are more pressing things (financially) to concentrate on.
This makes more sense than anything else. Trump may have to deal with justice issues AFTER the crash.

CIGA J.

Dear J,

We have a chicken or the egg question here but remember, the coming financial crash is by no means an accident. It has been planned and goes back all the way to 1913. Financial collapse will certainly alter opinion and “mood” which means arrests after a collapse may be cheered by both sides due to the anger caused by financial death.

Best,

Bill

 

Jim,

I would urge everyone to read the article in full and watch the 2 minute video of what was said before the election and then come to their own conclusions.

Dave

Trump’s 2020 Budget Proposal Is Going After Medicare, Social Security, Medicaid, And More.
March 11, 2019

By Tara Golshan

“Information Clearing House” – President Donald Trump’s administration unveiled its third budget proposal Monday, cementing a vision for the United States that bolsters funding for defense and border walls, while severely cutting social programs for the nation’s poorest.

The $4.7 trillion budget proposal, which encompasses everything from funding for food aid, education, and health care to national defense, seeks to slash $845 billion from Medicare — a program Trump notably promised to leave untouched — $241 billion from Medicaid through major structural reforms, as well as a 9 percent cut across non-defense programs, all while increasing the defense budget to $750 billion, 5 percent more than the 2019 budget.

Additionally, Trump’s administration has asked Congress for $8.6 billion for the president’s border wall, a project the president declared a national emergency over earlier this year amid the nation’s longest government shutdown in history.

The proposal also predicts significant economic growth over the next decade — at about 3 percent annually — with the expectation that the government will continue to enact tax cuts and a deregulatory agenda. The projections are far rosier than what outside forecasters expect.

More…

 

Jim,

If/when they come for the guns, my advice is run for your life.

Dave

Bipartisan Attacks on the Second Amendment
March 11, 2019

The House of Representatives recently passed legislation that would expand the national background check system to require almost everyone selling firearms, including private collectors who supplement their incomes by selling firearms at gun shows, to perform background checks on the potential buyers. The bill has a section purporting to bar creation of a national firearms registry. However, the expanded background check system will require the government to compile lists of those buying and selling guns. In other words, it creates a de facto national gun registry.

Similar to the experience with other types of prohibition, making it more difficult to legally buy a gun will enhance the firearms black market. Criminals, terrorist, and even deranged mass shooters will thus have no problem obtaining firearms.

It is no coincidence that the majority of mass shootings take place in “gun-free zones,” where shooters know their targets will be unarmed. This shows that any law making it more difficult for Americans to own and carry firearms makes us less safe. If Congress really wanted to reduce the incidence of gun violence, it would repeal the Gun-Free School Zones Act. This law leaves children easy prey for mass shooters by mandating that public schools be “gun-free zones.”

More…

Posted at 11:03 AM (CST) by & filed under Jim's Mailbox.

You have been warned.

Dave

Are Airpods Dangerous? 250 Scientists Sign Petition Warning Against Cancer From Wireless Tech Including The Trendy In-Ear Headphones
March 11, 2019

Apple’s popular wireless AirPods headphones may pose cancer risks to wearers, according to a United Nations and World Health Organization petition.

Some 250 have signed the petition, which warns against numerous devices that emit radiofrequency radiation, which is used in WiFi, cellular data and Bluetooth.

AirPods in particular are concerning because they sit deeply enough within the ear canal to emit expose these fragile parts of the ear to dangerous among of radiation, some experts warn.

The scientific jury is still out on the whether or not the particular devices an cause cancer, but animal studies on the kind of radiofrequency radiation that they emit has suggested a link to cancer.

And, in some cases, the levels of radiation found to be carcinogenic were significantly lower than the maximum allowed by federal and international guidelines.

More…

 

Jim,

As the machines drive the market higher, daily, the facts on the ground say things are slowing down.

Dave

Gap, Tesla And Victoria’s Secret Are Among The Nearly 5,000 Store Closings Already In 2019
March 9, 2019

Gap, Victoria’s Secret, J.C. Penney, Tesla and Abercrombie & Fitch. What do these companies have in common? They’re all closing stores this year.

Already, 4,810 store closures have been announced by retailers in 2019, according to Coresight Research. And it’s only March. Last year, Coresight tracked 5,524 store closures, down more than 30 percent from a record 8,139 closures announced in 2017.

Adding to the noise, Amazon said this week it will shut all 87 of its pop-up shops inside Whole Foods, Kohl’s and malls across the country. But the company has vowed to invest more in its book stores and other bricks-and-mortar concepts, including its cashierless convenience store called Amazon Go.

Here are some of the biggest retailers that have announced store closures so far this year.

More…

This would be a great start if only because the names it will reveal! I also wonder why it is being made public as many have said since before the election that DJT visited the island and is “compromised”…maybe just not so?

Bill

Let’s see how many children are still alive and able to speak about who did what? Bring it down and expose it all.

JB

Feds to Unseal Epstein Documents Revealing Scope of Billionaire’s Int’l Child Sex Trafficking Ring
March 12, 2019

On Monday, a Manhattan appeals court gave billionaire pedophile Jeffrey Epstein’s former alleged partner in crime, British socialite Ghislaine Maxwell, until March 19 to establish good cause as to why documents detailing the scope and size of their international child sex trafficking operation should remain sealed. Failing to do so would mean these documents will be made public.

“We’re grateful that the court ruled the summary judgment papers are open and they are moving to expedite having them unsealed,’’ said Sanford Bohrer, the attorney representing the Miami Herald. “This is very unusual for a court to do this.”

The Herald reports that the appeal is supported by 32 other media companies, including the New York Times and Washington Post.

More…

Posted at 10:47 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

“the link you tried to visit goes against our community standards”…because it tells the TRUTH!

I predicted these social media sites would ultimately implode via their own false narratives, it looks like they are now well on their way!

Facebook Bans Zero Hedge
March 12, 2019

Over the weekend, we were surprised to learn that some readers were prevented by Facebook when attempting to share Zero Hedge articles. Subsequently it emerged that virtually every attempt to share or merely mention an article, including in private messages, would be actively blocked by the world’s largest social network, with the explanation that “the link you tried to visit goes against our community standards.”

More…

Jim Sinclair’s Commentary

Mr. Williams of shadowstats.com offers the following.

– Latest Retail Sales, Employment and Monetary Base Show Increasingly Negative Economic Trends
– January 2019 Retail Sales Signaled a Downside Revision to Fourth-Quarter 2018 GDP, Along With an Early Indication for a First-Quarter 2019 GDP Contraction
– Annual Growth in February 2019 Payrolls Slowed in a Manner Consistent With a Faltering First-Quarter Economy
– February 2019 Saint Louis Fed Adjusted Monetary Base Declined Year-to-Year by 13.0% (-13.0%), Worst Showing Since 1937 Onset of Great Depression Second Down Leg
– Reporting of Broad U.S. Economic Activity Signals a New Recession, While Major Sectors Such as Manufacturing and Construction Never Recovered from the Last One
– The FOMC Should Be Feeling Increased Pressure to Ease, But Action Still Is Not Likely Next Week

Bullet Edition No. 2

www.shadowstats.com

Today – Silver is leading the charge!
March 12, 2019

Good Tuesday Morning Folks,   

      It looks like those that remembered are still in the game as Gold turned higher immediately after the reopening of trade last night with the price now at $1,296.80 up $5.70 and close to the high of $1,297.90 then that low at $1,292. Today, Silver is leading the charge with its trade at $15.425 up 15.1 cents and it too right beside the high at $15.45 with a low at $15.31. Today’s activity is definitely NOT about the Dollar because it has been stagnant for oh too long with the trade now at 96.13 down 4.4 points but inside an active trading range between 97.245 and 96.885, of course all this is done way before 5 am pst and the Comex Open. The failings in Venezuela are many with more failings being introduced with fake players getting exposed, with Gold now trading at 12,951.79 Bolivar, gaining a whopping 21.97 (one day this will be in US$) overnight with Silver gaining 1.198 Bolivar with the price now at 154.057.     

      March Silver’s Delivery demands are now at 414 contracts waiting for receipts for physical with a Volume of 3 up on the board so far this morning losing 121 receipts somewhere between here and London. It is important to understand that Harvey Organ’s numbers show the totals bought and sold but only in receipts transferred, after these trades in the “spot” month are made. Some of these trades are “allowed” because the traders are playing the game with the required 100% margins but never take delivery. This is why spot month trading is so misunderstood by most that do not play the game but write about it, and is why we help define the process. Silvers Overall Open Interest is continuing to fall ever so slightly with the total count now at 190,953 Overnighters proving a drop in OI from yesterday’s early morning count by 1,040 obligations.    

More…

Posted at 4:09 PM (CST) by & filed under Jim's Mailbox.

Jim,

Oil and gas seem to be a reoccurring theme in US adventures around the world.

Dave

Russia To Defend Its Venezuela Oil Assets In ‘Toughest Way Possible’
March 10, 2019

Nicolas Maduro’s staunchest international ally—Russia—reaffirmed last week its full support to the Socialist leader’s regime and his efforts to prevent what Moscow sees as interference in Venezuela’s domestic affairs.

At the same time, Russia, which vowed to defend its oil assets in Venezuela as early as the political crisis began in January, sees risks to its investments in the Latin American country and pledges to react “in the toughest way” possible within international law if those investments are threatened, Russia’s Ambassador to Venezuela, Vladimir Zaemsky, told Russian government-run newspaper Rossiyskaya Gazeta in an interview published this week.

Russia is the staunchest supporter and ally of Maduro’s regime in the political power struggle in the Latin American country sitting on top of the world’s largest oil reserves, while the US and many European nations have recognized Venezuelan opposition leader Juan Guaidó as the legitimate interim president. Russia has stood by Maduro for years and has poured billions of US dollars in Venezuela in the form of loans and oil investments. Russia’s state-controlled oil giant Rosneft has extended US$6 billion of loans to Venezuela’s state oil firm PDVSA. As of December 31, 2018, Venezuela still owed Rosneft US$2.3 billion.

More…

 

Big Brother, 1984 style.

Dave

The Rise Of Totalitarian Technology
March 6, 2019

Is technological progress bad for human autonomy? That’s the question posed by Shoshana Zuboff in “The Age of Surveillance Capitalism,” a book that recounts the ways in which corporations and governments are using technology to influence our behavior. Zuboff is just the latest to chime in on “totalitarian technology” (or “total tech”), a term that describes devices and algorithms by which individuals forfeit their privacy and autonomy for the benefit of either themselves or some third party.

In the United States, total tech can be sorted into three different categories, or “spheres” of life: consumer services, the workplace, and government and politics.

Total tech is pervasive in the increasingly data-driven world of retail. Many shopping apps tap into your phone’s GPS to access your location, allowing retailers to send you advertisements the moment you’re walking past their storefront. Personalized pricing enables retailers to charge you the exact maximum that you would be willing to pay for a given product. Your personal data isn’t safe at home, either: Digital assistants like Amazon Alexa store your query history, meaning they know everything from your unique shopping history to your travel patterns to your music preferences.

More…

 

Jim,

This is why alternative media like, JSMineset is so important and the Government wants to shut it down. The NYT has a come to Jesus moment.

The story was fake/ fraud news.

Dave

Footage Contradicts U.S. Claim That Nicolás Maduro Burned Aid Convoy
March 10, 2019

CÚCUTA, Colombia — The narrative seemed to fit Venezuela’s authoritarian rule: Security forces, on the order of President Nicolás Maduro, had torched a convoy of humanitarian aid as millions in his country were suffering from illness and hunger.

Vice President Mike Pence wrote that “the tyrant in Caracas danced” as his henchmen “burned food & medicine.” The State Department released a video saying Mr. Maduro had ordered the trucks burned. And Venezuela’s opposition held up the images of the burning aid, reproduced on dozens of news sites and television screens throughout Latin America, as evidence of Mr. Maduro’s cruelty.

But there is a problem: The opposition itself, not Mr. Maduro’s men, appears to have set the cargo alight accidentally.

More…

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

Bill Holter’s Commentary

Did the Tylers listen to this week’s call for subscribers? Denny point blank asked this very same question on Saturday…without a doubt, THE most important financial question facing our nation.

The $64 Trillion Question: With Foreigners Stepping Aside, Who Will Buy U.S Treasuries?
March 10, 2019

During its latest, quarterly meeting, the Treasury Borrowing Advisory Committee (aka the TBAC, which many years ago we dubbed the Supercommittee That Really Runs America, an assessment which 8 years later Bloomberg now generally agrees with), released minutes of its Jan. 29 meeting held at the Hay-Adams Hotel in conjunction with the U.S. government’s quarterly refunding announcement.

While there were many topics of discussion (discussed previously here), the TBAC highlighted two key areas of concern: i) the soaring US budget deficit, and specifically the possibility of significant financing gap over next 10 years amounting to over $12 trillion and the potential need for more domestic investor participation if foreign reserve growth slows; and tied to that ii) the worry that since “foreign investors already hold significant dollar debt”, and have been paring back substantially on their Treasury purchases in recent years, the US will have to increasingly rely on domestic savings to fund its future budget deficits.

Of particular note, the TBAC said, tongue in cheek, that while the “USD is still the dominant reserve currency”, reserve managers have been very gradually increasing allocation to other currencies, and that the USD share of FX reserves has steadily come down from 72% in 2000 to 62% now. It also pointed out that other countries with significant debt issuance needs (as a share of GDP) depend far more on domestic savings. As a result, “the Treasury should plan to meet financing needs more domestically than in the recent past.”

More…

Silvers US$ Value Should Already Be At The Bolivars Price
March 11, 2019

Good and Wonderful Monday Morning Folks,   

      Remember that Gold had a good day on Friday where it rallied just over 1%. Also remember that good days like these are almost never allowed to have a second or third day of rally with today being no different with Gold now at $1,294.60 down $4.70 and right at the London Low of $1,294.20 with the high at $1,299.20. Silver, the Tag-A-Long-Kid, is now trading at $15.305, down 4.4 cents and at the low of $15.285 with the high to beat at $15.365 after its 30 cent price rise on Friday. The US Dollar is up but barely with the value now pegged at 97.30, up 3.1 points and closer to the low of 97.23 then the high at 97.41. All this of course is done way before 5 am pst and the Comex Open. The Venezuelan nightmare continues with Gold now pegged at 12,929.82 Bolivar gaining 5 more Bolivar over the weekend with Silver at 152.859 it too gaining 1.698 Bolivar as we read that the people of the country have now been without power for four full days.

           March Silver’s Open Interest is the same as last Friday’s numbers which means we still don’t have good up to date data with the count at 535 requests for physical with 0 Volume up on the board so far this morning. We do a have a buy order for 33 more obligations at $15.215 (March) with no takers as of yet proving someone still needs product. Silver’s Overall Open Interest lost 143 contracts with the total count now at 191,993 Overnighters still in trade as we wait for better data later in the day.  

       Theresa May is expected to call a second meaningful vote on her Brexit plan (Today), the prime minister is facing another massive defeat .. But according to MPs and cabinet ministers who have shared their grievances with the Telegraph, BBC and other British media outlets, it’s possible that May could be forced to resign before she gets there. It seems everything is tied to Britain so we wait to see if anyone else out there sees the precious metals as a safe haven as things continue to get wonky in all currencies and as the British Pound may be the next to take a hit.  

More…

Posted at 2:21 PM (CST) by & filed under General Editorial.

Via Michael Oliver’s Momentum Structural Analysis michaeloliver@olivermsa.com

For MSA’s history and an introduction to its methodology visit: www.olivermsa.com

Central Banks, The Stock Market, And Gold
March 10, 2019

When the pillars of the asset category that “must” be defended—the stock market—begin to crumble, the central banks always come in with policy guns a blazin’. And again, continuing with policies never imagined before—QEs, ZIRPS, and NIRPS. Game’s on. If you, as an investor or manager, thought CBs had plateaued in their policies of the recent decade, think again. Despite their academic nose-in-the air press conferences, the reality is that their stock markets must always remain inflated. Although couched in such language as “data sensitive” or Draghi’s “the persistence of uncertainties related to geopolitical factors, the threat of protectionism and vulnerabilities in emerging markets,” the CBs’ message is clear. Rattle their stock markets and they’ll intervene in asset pricing as best they can. And given the success of that artificial pricing over the past decade, they’re no doubt confident they’ll continue to succeed. And so do many investors.

On the financial channels, investors and talking heads consider a likely renewal of easy central bank policy “good for the stock market.” No doubt President Trump is also pleased by Powell’s sharp reversal.

The CBs know they must push the pedal to the metal again. But the problem is that investors aren’t likely to direct the flow into the inflated bubble that the CBs so desperately want to keep inflated—namely, the developed market stock indices. The Fed, ECB, and BOJ know what will happen if those plaster and plywood skyscrapers crumble and give back their false pricing gains (especially from late 2011 to 2018). Such a downturn in that category will generate on-the-ground desperation and fracturing beyond anything seen in 2008. And they know that, though don’t mention it in their press conferences. That’s why the Fed raised its white flag so rapidly and with such little encouragement in December, thus rejoining the “print into infinity” policy.

Nice. We know where they stand now.

Article PDF

Posted at 10:19 AM (CST) by & filed under Jim's Mailbox.

Jim,

Do readers remember Dow Theory?

Dave

Oldest US Stock Index Notches Longest Losing Streak In Nearly Half A Century
March 9, 2019

The Dow Jones Transportation Average, the oldest US stock index still in use and one of the most regarded economic indicators, has hit an eleventh consecutive decline, marking the longest session of losses since 1972.

The closely watched index slid 0.45 percent on Friday amid negative market reaction in the US February job report. Since its creation in 1884, the Dow Transports had only five 11-day long consecutive losing streaks, including the latest. It had five periods of a 12-day plunge through its 135-years history, according to the Market Watch citing Dow Jones Market Data and S&P Dow Jones Indices.

The Dow Transports index reflects the performance of 20 large transportation companies, from railroad operators to airlines. Their performance is considered one of the major signs of economic health as the firms ship goods around the world. Thus the transportation companies’ losses, reflected by the benchmark index, may be a troubling sign for the whole economy.

More…

 

Jim,

As Denny asked on Saturday’s call, who will buy Treasury’s Bonds of a country when they can not see the true balance sheet?

Dave

The Pentagon’s Missing Trillions. What You Need to Know
March 9, 2019

Dr. Mark Skidmore of Michigan State University joins us to discuss his research with Catherine Austin Fitts into the $21 trillion in unaccounted transactions on the books of the US Department of Defence and the US Department of Housing and Urban Development.

We discuss what we know and don’t know about the subject, the Pentagon’s nonsensical and inadequate excuses for the debacle, the new accounting guideline that legally allows every department of the federal government to create fake and altered books for public consumption, the recent failed Pentagon audit, the government’s refusal to provide any information about the problem, the failure of congress to pursue the issue, and the failure of the press to report on it.

More…

Posted at 10:11 AM (CST) by & filed under USAWatchdog.com.

March 10, 2019

By Greg Hunter’s USAWatchdog.com (Early Sunday Release)

Macroeconomic analyst Rob Kirby says $21 trillion in “missing money,” discovered in late 2017, is now a “national security” issue but is not a secret to the leaders of the rest of the world. Kirby explains, “The national governments around the world have become all too aware of the shenanigans that have gone on and the poor stewardship that has been illustrated by the keepers of the U.S. dollar, the world’s reserve currency. This is what is at the root of all of our international economic tension. This is what is really at the root of the difficulties and differences between the American regime, the Chinese regime and the Russian regime. These people are aware of what has transpired, and they are not going to tolerate what’s been done in the name of keeping the U.S. dollar propped up as the world’s reserve currency and the criminality that’s been involved in doing so.”

More…