Posted at 3:57 PM (CST) by & filed under David Duval, Trader Dan Norcini.

Dear CIGAs,

Talk about a roller coaster ride in the gold market – up strongly overnight, down during the early New York session and then back up again after noon in New York before settling slightly lower on the day. Gold was caught in a crossfire between safe haven buying and a huge, and I do mean HUGE, dumping of commodities across the board. The only commodity that I could see that was up was natural gas and that was mainly due to the cold weather snap currently hitting the Northeast – everything else was smacked and smacked hard as funds unloaded everything as the US equity markets imploded.

The gold shares as indicated by the HUI and the XAU were down 20 points and 10 points respectively at one point early in the session before both indices cut their losses in half by late in the morning. They are currently weaker but well off their early lows as I write this.

Bonds once again received the usual lemming like response to plunging stocks after going through a brief period last week in which they were moving lower alongside of equities. It seems as if old habits die hard. Those buying bonds are going to be taught a painful lesson as the upcoming massive supply surge will continue to weigh on Treasuries, particularly the long end.  For today however, the bond bulls are in charge as they squeeze out all the shorts and produce a sharp, short-covering rally.

The equities are now trading at 12 year lows after violating key support levels in the overnight trading in the futures pit. That brought in more selling during the course of normal trading hours which utterly mauled them.  Investors are reacting to the news surrounding AIG and the inept manner in which the feds are handling this entire financial debacle. I have said it before and will say it again – the market has lost all confidence in the new administration as the policies they are following are a recipe for economic disaster. Soaring , out of control, indeed, wild-eyed spending, talk of elimination of home mortgage interest deductions, daily bashing of producers and achievers, tax hikes, confusing statements from various policy makers and officials, all have led to an attitude that looks to be approaching total despair. I know of several small business owners who have told me categorically that there is no way in hell that they are going to hire anyone new because they do not trust what the feds are going to do next. You are talking about the chief  source of new job creation in this nation and those folks have had enough already of this new administration after not even being in power for two months! Hold onto your hats – it is just going to get worse if the past month is any indication of what we can expect.

Remember, markets attempt to put emotions aside when evaluating policy and act accordingly and they have voted with their feet.  As such, I can easily see a breach of major support in the S&P of 700 and a fast plunge in the Dow to near 6,000 at the current rate of selling. What has to wonder exactly what news might arise that can stem the loss of confidence and arrest the growing attitude of despair. I should also note one thing – shares of a certain handgun manufacturer are trading strongly higher. Looks to me like many Americans are “getting it”.

Back to gold since it has been affected by the movement in the equity markets and will continue to be for the foreseeable future. The selling originated from fund sources whose computer selling programs indiscriminately dumped a wide basket of commodities across the board. That selling is quite large as can be seen by the extent of the price moves in other commodity markets. Sugar was slammed alongside of crude oil which then hit corn which spread to the bean pit. Wheat was crushed by the rally in the dollar which looks to be embarking on a bull run if it can push through very strong resistance that lies up near the 92 level on the USDX. The Dollar rally will not last but for now, it is wining the safe haven flow race merely by default because it is so bad everywhere else. I find it ironic that the source of this economic contagion, most notably the US, is not somehow perceived to be the best place to shelter one’s wealth. Scary isn’t it?

While not exactly anything to get excited about, I view gold’s ability to withstand the commodity-wide selling onslaught as impressive. It is hard to understate the extent of the selling that hit these markets today. To see buyers be able to absorb all that selling and push the market high enough to actually get it into positive territory is a notable achievement even if the bulls failed to secure a positive pit session close. Buyers of physical gold take note – if you want to acquire the physical metal do it when prices are down.

I am watching the price of corn and am wondering what farmers are going to do this season after watching the market push prices down so low. Imagine having to make a decision that affects your family’s income when you wonder if you can put a crop in the ground and actually make enough off of that crop, assuming you can bring one to maturity, to recoup your costs and even recompense you somewhat for all the labor involved. Folks are used to eating but had better not take the American farmer for granted.

One last thing – platinum has so far been able to maintain its footing above the $1,000 mark –again, fairly impressive given the severity of the economic news and its industrial metal role. It is evident that a goodly portion of the platinum buying is coming from safe haven flows.

Click chart to enlarge today’s hourly action in Gold in PDF format with commentary from Trader Dan Norcini


Posted at 11:19 PM (CST) by & filed under In The News.


Once it starts it cannot be ended. Bailout one and you will have to bail out thousands. Hyperinflation cannot be avoided. Protect yourself with gold immediately.

AIG was Bear Stearns’ wastepaper basket for OTC derivatives.

The too small to consider will all be the property of the too big to fail as very few mega financial entities take birth.

AIG May Get $30 Billion in Additional U.S. Capital
By Hugh Son and Rebecca Christie

March 1 (Bloomberg) — American International Group Inc., the insurer deemed too important to fail, may get a commitment for as much as $30 billion in new government capital after a record quarterly loss, said two people familiar with the matter.

The insurer may also be allowed to make lower payments on government loans, said the people, who declined to be identified because there was no public announcement. New York-based AIG may forfeit part of stakes in its two largest non-U.S. life insurance divisions to lower the firm’s debt, the people said.

AIG, first saved from collapse in September with a package that grew to $150 billion, had to restructure its bailout after failing to sell enough units to repay the U.S. Firms including banks relied on AIG to back more than $300 billion of assets through derivative contracts as of Sept. 30, making the insurer a “systematically significant failing institution” that has to be propped up, according to the Treasury.

“The government has accepted all the downside with little chance of upside,” saidPhillip Phan, professor of management at the Johns Hopkins Carey Business School in Baltimore. “They are trying to protect the global financial system from a complete meltdown.”

AIG, which agreed in September to turn over an 80 percent stake to the government, is set to announce a fourth-quarter loss of about $60 billion tomorrow, according to three people familiar with the matter. The company’s board was scheduled to meet today to vote on the revised bailout, according to two other people familiar with the matter.


Jim Sinclair’s Commentary

Are you still dealing with internet financial sites?

That is the exact opposite of my advice to distance yourself from financial agents.

A gold certificate is not gold. Paper gold is not gold.

"As we can see the growth of traffic begins from the time when the first notifications appeared. The users started to withdraw money from their accounts that could also caused the drop in exchangerates. As you remember the similar situation was in the beginning of e-gold crisis. That time the exchange rate of e-gold has reached 50-60%, and those who managed to get rid of e-gold currencywere in the money. So, we can say that today’s liquidity of LR is similar to the one e-gold had in the very beginning of its crisis."

Liberty Reserve is down for maintenance: users are in panic, what’s going on?
March 1, 2009 – 11:08pm | author: ayny

These days something really strange happens to one of the most popular payment processors Liberty Reserve. Being created several years ago this online payment system has become ‘number one’ for theonline investment industry. There is hardly any investment project that doesn’t use LR as a payment gateway, and the latest event around it became a real nightmare for them. Liberty Reserve is stable for two weeks.

Everything started in the second half of February. The site of the company became unavailable on February 18 without any preliminary notifications however in few hours everything was fixed. The next outage happened on February 21 though this time LR was posted a notice in their blog:

“We are currently installing updates that became available just recently for our routers. This procedure should approximately take not more than 5-9 hours, which also includes the restarting of allhardware and testing. We sincerely apologize for this unplanned event, but keeping our hardware up to date is one of the highest priorities as it assures the most secure operation.”

When the site came online some users faced the problems with login as system didn’t accept the passwords. Later on February 22 LR has posted another announcement: “We are going through final steps of testing of all updates implemented earlier. During this stage some of you may not be able to temporarily login to your account, while changes are still being tested and analyzed for maximum performance…”


Jim Sinclair’s Commentary

How can Israel live with this development?

Iran’s uranium ‘enough for bomb’

Iran has enough nuclear material to build a bomb, the United States’ most senior military commander has said.

"We think they do, quite frankly," Adm Mike Mullen, chairman of the US Joint Chiefs of Staff, told CNN.

"And Iran having a nuclear weapon, I’ve believed for a long time, is a very, very bad outcome for the region and for the world," he said.

Iran says its nuclear programme is entirely peaceful, but the West suspects it is seeking nuclear weapons.

‘One bomb’ possible

A report issued by the International Atomic Energy Agency (IAEA) two weeks ago said Tehran had built up a stockpile of fissile nuclear material. This raised concerns in the West that Iran might have understated by one-third how much uranium it has enriched.

The IAEA report showed a major increase in Iran’s reported stockpile of low-enriched uranium (LEU) since November to 1,010 kg.

Some physicists believe this stockpile is enough to be converted into enough highly enriched uranium to build one bomb.


Jim Sinclair’s Commentary

Forewarned is forearmed

Be careful of internet gold offerings regardless of appearances. They are ALL frauds.

All that glitters is not gold
STANLEY SENEVIRATNE Kurunegala north group corr.

A five member gang operating islandwide were taken into custody by Habarana police while attempting to sell a stock of fake gold nuggets early yesterday.

The modus operandi of the gang had been to sell the fake gold nuggets to a wealthy merchant claiming they had discovered the treasure.

Inquiries revealed that the suspects had been carrying on this racket over a long period and had employed over 180 others as their agents and sub agents in many parts of the country.

Police said the brain behind the racket was among the suspects already in custody.

Information also revealed that the suspects had cheated several leading businessmen in Kurunegala, Dambulla, Pelmadulla, Ratnapura, Kanthale, Anuradhapura, Polonnaruwa, Hingurakgoda, Mahiyangana and Colombo.



Jim Sinclair’s Commentary

Pakistan moving towards center stage.

Obama team lays out new Afghan-Pakistan approach

WASHINGTON (AFP) — After setting a deadline to pull US forces from Iraq, President Barack Obama is shifting gears quickly to Afghanistan and Pakistan as he lays out a broad, regional approach to fighting extremism.

The Obama administration held three days of talks last week with the foreign ministers of Afghanistan and Pakistan and said it would turn it into a regular dialogue to chart a new course in the "war on terror."

Obama has vowed to put a top priority on bringing stability to the lawless and rugged terrain between the South Asian neighbors — the home base for Taliban and Al-Qaeda militants including, most presume, Osama bin Laden.

Obama, who Friday announced a timeline to end the Iraq mission, is sending 17,000 more US troops to Afghanistan. But he said the United States needed an effort broader than just hunting and killing militants.

"We’ve been thinking very militarily, but we haven’t been as effective in thinking diplomatically, we haven’t been thinking effectively around the development side of the equation," Obama said Friday on PBS television.

"Obviously, we haven’t been thinking regionally, recognizing that Afghanistan is actually an Afghanistan-Pakistan problem, because right now the militants… are often times coming over the border from Pakistan," he said.

All three sides hailed the openness of the Washington talks, with Pakistani Foreign Minister Shah Mehmood Qureshi saying that the new administration compared with president George W. Bush’s is "really willing to listen to us."



Jim Sinclair’s Commentary

Here comes the shock of people’s lifetime. You can not contribute what you do not have. The valuation of Pension Assets is another sick cartoon.

Here comes more bailouts via a government Pension Guarantee scheme. Hyperinflation cannot be avoided.

Protect yourselves.

Pension bombs going off

By: Paul Merrion March 02, 2009

Exploding pension fund shortfalls are blowing billion-dollar holes in the balance sheets of some of the Chicago area’s biggest companies, forcing them to make huge contributions to retirement plans at a time when cash flow and credit are already under stress.

Boeing Co.’s shareholder equity is now $1.2 billion in the hole thanks to an $8.4-billion gap between its pension assets and the projected cost of its obligations for 2008. At the end of 2007, Boeing had a $4.7-billion pension surplus. If its investments don’t turn around, the Chicago-based aerospace giant will have to quadruple annual contributions to its plan to about $2 billion by 2011.

Stock market losses also pounded pension funds at Abbott Laboratories Inc., Caterpillar Inc. and Exelon Corp., with others sure to emerge as companies file their annual financial reports with the Securities and Exchange Commission in coming weeks.


Jim Sinclair’s Commentary

Armed forces prepare to make War on British citizens in Britain.

By Geraint Jones
March 1,2009

TOP secret contingency plans have been drawn up to counter the threat posed by a “summer of discontent” in Britain.

The “double-whammy” of the worst economic crisis in living memory and a motley crew of political extremists determined to stir up civil disorder has led to the extraordinary step of the Army being put on standby.

MI5 and Special Branch are targeting activists they fear could inflame anger over job losses and payouts to failed


Posted at 10:30 AM (CST) by & filed under In The News.

Wall Street Economics

Young Chuck moved to Texas and bought a donkey from a farmer for $100.
The farmer agreed to deliver the donkey the next day.
The next day the farmer drove up and said, ‘Sorry Chuck, but I have some bad news, the donkey died.’
Chuck replied, ‘Well, then just give me my money back.’
The farmer said, ‘Can’t do that. I went and spent it already.’
Chuck  said, ‘OK, then, just bring me the dead donkey.’
The farmer asked, ‘What ya gonna do with a dead donkey?
Chuck said, ‘I’m going to raffle him off.’
The farmer said ‘You can’t raffle off a dead donkey!’
Chuck said, ‘Sure I can. Watch me. I just won’t tell anybody he’s dead.’
A month later, the farmer met up with Chuck and asked, ‘What happened with that dead donkey?’
Chuck said, ‘I raffled him off. I sold 500 tickets at two dollars apiece and made a profit of $898.00.’
The farmer said, ‘Didn’t anyone complain?’
Chuck said, ‘Just the guy who won. So I gave him his two dollars back.’
Chuck now works for Morgan Stanley in their OTC Default Derivative Department.

Jim Sinclair’s Commentary

$42 billion in the hole according to recent reports and now a drought.

Do you think Mother Nature might be unhappy with how things are being run?

California declares drought emergency
By Peter Henderson

SAN FRANCISCO (Reuters) – California Governor Arnold Schwarzenegger on Friday declared a state emergency due to drought and said he would consider mandatory water rationing in the face of nearly $3 billion in economic losses from below-normal rainfall this year.

As many as 95,000 agricultural jobs will be lost, communities will be devastated and some growers in the most economically productive farm state simply are not able to plant, state officials said, calling the current drought the most expensive ever.

Schwarzenegger, eager to build controversial dams as well as more widely backed water recycling programs, called on cities to cut back water use or face the first ever mandatory state restrictions as soon as the end of the month.

"California faces its third consecutive year of drought and we must prepare for the worst — a fourth, fifth or even sixth year of drought," Schwarzenegger said in a statement, adding that recent storms were not enough to save the state.


Jim Sinclair’s Commentary

That is not FAIR

Senate bars FCC from revisiting Fairness Doctrine
By JIM ABRAMS – 1 day ago

WASHINGTON (AP) — The Senate has barred federal regulators from reviving a policy, abandoned two decades ago, that required balanced coverage of issues on public airwaves.

The Senate vote on the so-called Fairness Doctrine was in part a response to conservative radio talk show hosts who feared that Democrats would try to revive the policy to ensure liberal opinions got equal time.

The Federal Communications Commission implemented the doctrine in 1949, but stopped enforcing it in 1987 after deciding new sources of information and programming made it unnecessary.

President Barack Obama says he has no intention of reimposing the doctrine, but Republicans, led by Sen. Jim DeMint, R-S.C., say they still need a guarantee the government would not establish new quotas or guidelines on programming.


Jim Sinclair’s Commentary

The following quote from this article on Pakistan sums up the situation: "Their country is in mortal danger." If Pakistan is in mortal danger then so is the entire Middle East. If the Middle East is in mortal danger then so is the West.

Playing With Fire in Pakistan
Published: February 27, 2009

Almost no one wants to say it out loud. But between the threats from extremists, an unraveling economy, battling civilian leaders and tensions with its nuclear rival India, Pakistan is edging ever closer to the abyss.

In a report this week, The Atlantic Council warned that Pakistan’s stability is imperiled and that the time to change course is fast running out. That would be quite enough for any government to deal with. Then on Wednesday, Pakistan’s Supreme Court added new fuel upholding a ruling barring opposition leader Nawaz Sharif — a former prime minister — and his brother from holding elected office. That touched off protests across Punjab Province, the Sharifs’ power base and Pakistan’s richest and politically most important province.

The Sharifs charge that the Supreme Court is a tool of President Asif Ali Zardari. They are backing anti-government lawyers who have long campaigned for the reinstatement of the country’s former top judge who was dismissed by former Gen. Pervez Musharraf in 2007.

We don’t know if Mr. Zardari orchestrated this ruling, as Nawaz Sharif and many others have charged. (The government actually argued Mr. Sharif’s side in the case, which stems from an earlier politically motivated criminal conviction.) We do know the danger of letting this situation get out of control.

When Mr. Zardari became president, he pledged to unite the country. He has not. Like Mr. Zardari, Mr. Sharif is a flawed leader and no doubt is manipulating the combustible court ruling for personal political gain.


Jim Sinclair’s Commentary

Once you open this Pandora’s Box of Bailouts you cannot close it.

Protect yourself with gold! The US dollar is not strong. The non-euro, European currency units are being raided. The default derivative index is being used by Vlad the Impaler against the countries represented by the currency units being raided by the Vlads.

Citigroup’s Third U.S. Rescue May Not Be Its Last, Analysts Say
By Christine Harper

Feb. 28 (Bloomberg) — The U.S. government’s third attempt to help rescue Citigroup Inc. won’t stanch the company’s losses, which will continue to swell and may lead the bank to require more money in coming months, analysts said.

Yesterday’s action didn’t furnish the New York-based bank with new money, although it cuts expenses by eliminating dividends on preferred stock. Instead, it converted preferred shares into common equity, which absorbs the first hit in the event of further losses, at an above-market-value price of $3.25. The stock, which has fallen 78 percent since the beginning of the year, closed in New York trading yesterday at $1.50, its lowest since November 1990.

Vikram Pandit, 52, Citigroup’s chief executive officer, told investors yesterday that increasing tangible common equity to as much as $81 billion from $29.7 billion should “take the confidence issues off the table,” regarding the company’s ability to absorb losses. Still, Citigroup, which lost $27.7 billion in 2008, is expected to lose $1.24 billion in the first six months of 2009, according to the average of analysts’ estimates compiled by Bloomberg.

“There’s no difference here,” said Christopher Whalen, co- founder of Institutional Risk Analytics, a Torrance, California- based risk-advisory firm. “It won’t fix revenue, and you’re still going to see loss rates.”


Jim Sinclair’s Commentary

The worse it gets the more they will spend, ad infinitum.

Protect yourself with gold. There is nothing else.

Sharper Downturn Clouds Obama Spending Plans
Published: February 27, 2009

The economy is spiraling down at an accelerating pace, threatening to undermine the Obama administration’s spending plans, which anticipate vigorous rates of growth in years to come.

A sense of disconnect between the projections by the White House and the grim realities of everyday American life was enhanced on Friday, as the Commerce Department gave a harsher assessment for the last three months of 2008. In place of an initial estimate that the economy contracted at an annualized rate of 3.8 percent — already abysmal — the government said that the pace of decline was actually 6.2 percent, making it the worst quarter since 1982.

The fortunes of the American economy have grown so alarming and the pace of the decline so swift that economists are now straining to describe where events are headed, dusting off a word that has not been invoked since the 1940s: depression.

Economists are not making comparisons with the Great Depression of the 1930s, when the unemployment rate reached 25 percent. Current conditions are not even as poor as during the twin recessions of the 1980s, when unemployment exceeded 10 percent, though many experts assert this downturn is on track to be significantly worse.


Jim Sinclair’s Commentary

I heard he was just trying to make a withdrawal from his own account as the FDIC took over.

Church deacon, soccer coach, suspected bank robber
February 27th, 2009
By Steve Brusk

(CNN) — Bruce Windsor is known as many things: church deacon, soccer coach, father of four. But facing potential financial problems, he’s now known as something else: suspected bank robber.

Police say the 43-year-old owner of a real estate company walked into the Carolina First Bank in Greenville, South Carolina, late Thursday with a mask and a handgun.

In court documents filed Friday, police said he forced two bank employees into an office at gunpoint and demanded money. Police arrived minutes later with the suspect still inside, touching off a tense 90-minute standoff before he released the hostages and surrendered.


Posted at 10:00 AM (CST) by & filed under Jim's Mailbox.

Dear CIGAs,

Here are some of the 450+ great people that made it to the CIGA meeting in Toronto last week.

Thank you all for the warm welcome you showed me. If you have any more pictures, I would love to see them.



Dear Jim,

You wrote:
“As long as we do not see a reinstatement of the "Uptick" rule and regulatory demand that this rule be attended to, as well as arrests for naked shorting, the inviting conclusion is that the activities of the 666 beasts are acting at the behest of ruling government, mopping up all the money on the planet still available.”

I spent the last week calling my Congressman and trying to get an answer on the progress of bill H.R. 302 – the restoration of the uptick rule. I also made calls to Congressman Gary Ackerman’s office (the bill’s author), and also to the House Financial Services committee (chaired by that genius, Barney Frank), the committee the bill is referred to. The experience was akin to talking to brain dead aliens. NO ONE in government knows:

1) The status of the bill
2) The implications of the passing of such a bill
3) The implications of NOT passing such a bill

If you ever want to feel the sensation of taxation without representation, make an attempt to contact your congressman’s office. I would suggest polishing off 2 or 3 of your favorite cocktails before attempting such a futile act, though. In the future, I plan to have a bottle of 7 star Metaxa by my side.

Do you think I would ever buy a non-gold or silver related asset after talking to them?  Quite the contrary – why should I participate in the stock market when our so called ‘leaders’ won’t make even the tiniest attempt to defend the sanctity of it? The Dow can go to zero for all I care – aside from gold, silver and precious metal mining shares, I won’t be participating in any of it.

CIGA Anthony

P.S. Here is the progress of the bill, which was introduced on Jan. 8th.  As you can see, this is not going to be happening any time soon.

Posted at 12:41 AM (CST) by & filed under General Editorial.

Dear CIGAs,

As a pilot myself, I do not like flying connector airlines. Generally they use low hour pilots that look to me as if they might just be out of grade school.

The recent and terrible accident in Buffalo, NY, wherein the commuter aircraft did a total pratfall (belly first, straight down) means their ship stalled in the air. Stalled is when a plane stops flying and just drops like a rock.

The conditions were known to be icy. Having flown in such conditions, I know what the powerful light is used for that illuminated the engines and wings. That is so you can inspect for ice and the operation of the ice boots.

Since it was a prop plane, ice from the blades should have been hitting the fuselage, sounding like incoming .50 cal rounds.

That accident is more than likely pilot error. No way am I going to fly Yippee Do Air operated by some major name. Ever wonder why they are separate corporations of the major?

Obama last night:

“All you have to fear is fear itself.” That sums up last night. Soon we will have fireside chats every week.

If nothing has scared you yet about the future, last night should have. All this massage of a public was useless then, as it will be now.

Nothing has changed. Trying to PR a change is like telling a TB victim they are just fine and sending them to the mall to infest hundreds.

Swiss account holders need not panic.

The Swiss are not about to rush to hand over names, addresses and social security numbers of account holders.

The process requires the IRS to present the Swiss authorities with proof of tax evasion after which the Swiss will allow the entity to defend itself of the charges in Switzerland.

Now this is legally somewhat of a cart before the horse. If you do not have the dealing information of an account but are simply requesting it you have no evidence to present. That is not a smoking gun of a crime.

This entire procedure moves so slow that it will be in the next ice age when the procedure culminate, if they ever do.

As far as embargos on UBS state side assets, the IRS can have them. They are primarily bankrupt toxic paper OTC derivatives.

Of all international banks, UBS distinguished itself as the major manufacturer and distributor of now totally defunct OTC derivatives, therefore what is there for them to lose except a few executives in the US doing time, and the rest non US executives not traveling to the US anytime in the next 100 years.

Posted at 5:44 PM (CST) by & filed under General Editorial.

My Dear Friends,

“Vlad III, Prince of Wallachia, more commonly known as Vlad the Impaler (Vlad Ţepeş in Romanian), also known as Vlad Dracula, or simply Dracula (1431 – December 1476), was a Wallachian (present-day southern Romania) voivode. His three reigns were in 1448, 1456–1462, and 1476. Vlad the Impaler is known for the exceedingly cruel punishments he imposed during his reign.[1] Impalement was Ţepeş’s preferred method of torture and execution.[2]

In the English-speaking world, Vlad III is perhaps most commonly known for inspiring the name of the vampire in Bram Stoker’s 1897 novel Dracula.[3]

As prince, Vlad maintained an independent policy in relation to the Ottoman Empire[4] and was a defender of Wallachia against Ottoman expansionism.”


These 666 beasts are running amuck in their present plans to break Europe after having been key players in the destruction of everything they touch in all world equity markets.

There will never be enough money for them as they are the most terrorized people on the planet needing all its wealth to feel secure. These criminals have killed and will be responsible for the deaths of more people than most wars.

The public is falling, even today, for the planted false flag PR that comes out at least five times a day concerning the disintegration of all of Europe, the false claim that Swiss secrecy is compromised and that the problems of the Euro exceed the problems of the USA by orders of magnitude. I imagine the public will always be the lemmings running back and forth as false information is fed to them to benefit the position of these global destroyers of life. These destroyers have no regrets whatsoever.

The only difference between these people and Vlad is the suits they wear. They are the worst of criminals and do not deserve their lifestyle. These people’s lives are a stain on humanity.

Where is the present day Huey Newton and his Panthers who organized to right wrongs.

As long as we do not see a reinstatement of the "Uptick" rule and regulatory demand that this rule be attended to, as well as arrests for naked shorting, the inviting conclusion is that the activities of the 666 beasts are acting at the behest of ruling government, mopping up all the money on the planet still available.

The US dollar is not strong. The dollar level is the mirror image of the war Vlad is carrying out against the Euro and European non-Euro currency units. Watch the momentum of the US dollar to indicate when Vlad runs into supply from those major central banks that wish to unload them and do not buy the massive false PR being spearheaded to assist these demons in their wish to destroy Europe.

My prayer is that these Vlads should all meet Jai Kali-ma.

Wake up! All this is a replay of the alleged Soros play against Asia in the 90s.

It is hard to be in more trouble than the USA and their trans-pond state, Great Britain as shown below.

Respectfully yours,

Global downturn: In graphics
This is one of the most tumultuous times on record in the global financial markets.

Huge amounts of money have been committed in financial support for banks.


Governments are spending billions of dollars to kick-start economic growth. Measures include tax cuts and building projects.



The financial landscape has changed dramatically, with several giants of the business world disappearing.



The UK has spent £81bn to prop up Royal Bank of Scotland, HBOS and Lloyds TSB as well as nationalised Northern Rock and parts of Bradford & Bingley.

The Treasury and the Bank of England have pledged hundreds of billions of pounds of further support for the fragile banking system.

A £250bn credit guarantee scheme announced in October is being expanded to encourage banks to lend more, with a commitment of up to £50bn.



Jim Sinclair’s Commentary

The following show’s Ron Paul’s view that “The Federal Reserve Is The Culprit.”


Jim Sinclair’s Commentary

This picture is being played and replayed everywhere. Yes, those elected to public position should be clean, but who can be in the present circumstances and which bill would you prefer to stiff?

19 Georgia lawmakers behind on taxes, state report says
Thursday, February 26, 2009

Nineteen members of the state Legislature have failed to pay state and federal income taxes, some of them dating back to 2002, according to a Georgia Department of Revenue report given recently to legislative leaders.

The report on the alleged tax dodgers, with names and Social Security numbers redacted, has been forwarded to Republican and Democratic leaders of the state House of Representatives and Senate.

“Leaders of both parties have made it clear this will not be tolerated,” state Rep. Joe Wilkinson (R-Sandy Springs), chairman of the House Ethics Committee, said in an interview late Thursday night.

Wilkinson said House and Senate leaders are now discussing what should happen to the 16 House members and 3 senators in wake of the disclosure.

Wilkinson said he requested the report from the Department of Revenue after another House member was found delinquent on his tax returns.



Jim Sinclair’s Commentary

In the ethics of today’s world, the politically connected can do no wrong no matter how heinous the wrongs they do are.

When is enough, enough?

I think that can defined as before January 14th, 2011.

Firms defraud government but get new US contracts
By LARRY MARGASAK, Associated Press Writer Larry Margasak,
Associated Press Writer – Fri Feb 27, 4:35 am ET

WASHINGTON – Companies that defrauded the United States and jeopardized American lives received new government work despite rulings designed to stop them from receiving federal contracts, government investigators report.

Payments went to a company whose president tried to sell nuclear bomb parts to North Korea, a company that jeopardized lives on the aircraft carrier USS John F. Kennedy, and a seller of body armor that the Air Force said was defective.

The companies were on a government database of 70,000 individuals and businesses suspended or barred by various U.S. agencies from receiving government contract work.

The Government Accountability Office blamed some of the mistakes on faulty computer searches by officials who left out commas or periods. But it also said the search engine for the database often failed to identify any of the entries on the exclusion list.

A hypothetical suspended company named XYZ Corp., Inc. — with a comma — would escape detection if one searched for XYZ Corp. Inc. — without the comma — the report said.


Jim Sinclair’s Commentary

For those of you who ask me if anything has changed, the following is a word from Shadow Statistics.

Budget Containment and a Normal 2010 Economy Are Nonsense 
– Economic Data Remain Consistent with 10%-Plus Hit to Business Activity 
– Upward Revision to GDP Inflation 
– Major Downward Revisions Likely to 2008 GDP 
– Intensifying Systemic Solvency Crisis


Jim Sinclair’s Commentary

And on and on it goes.

Fannie Mae seeks $15.2B in US aid after 4Q loss
Fannie Mae seeks $15.2 billion in government aid after posting $25.2 billion 4th-quarter loss
Alan Zibel, AP Real Estate Writer
Thursday February 26, 2009, 7:12 pm EST

WASHINGTON (AP) — Fannie Mae said Thursday it needs $15.2 billion in government aid — though that figure is expected to grow — because it lost nearly $59 billion last year as the foreclosure crisis mushroomed.

The Washington-based mortgage finance company hemorrhaged $25.2 billion, or $4.47 per share, in the fourth quarter. That compares with a loss of $3.6 billion, or $3.80 a share, in the year-ago period.

Fannie’s net worth — the value of its assets minus the value of its liabilities — fell below zero at the end of the quarter, forcing the company to request funding from the government for the first time.

The government seized control of Fannie Mae and its sibling Freddie Mac in September and last week doubled their lifelines to $200 billion each to guarantee they would never fail.

Treasury Secretary Timothy Geithner said the increase in cash is "not a judgment about the expected losses ahead. It’s just a way to make sure people understand that they will be able to play this role going forward."



Jim Sinclair’s Commentary

Pakistan today.

Pakistan defense minister’s vehicle attacked

ISLAMABAD, Feb. 27 (Xinhua) — Unknown people attacked the vehicle of Pakistan’s Defense Minister Ahmed Mukhtar on Friday, local media reported.

The vehicle was attacked in the garrison city of Rawalpindi near Islamabad, but heavy contingent of police succeeded in rescuing the minister, private Geo TV channel said.

It is not clear who attacked the minister’s vehicle, but it might be in connection with the protests triggered by the supreme court verdict banning former prime minister Nawaz Sharif and his brother from elected office.

Pakistan Supreme Court on Wednesday declared Nawaz Sharif, also chief of the opposition party Pakistan Muslim League-Nawaz (PML-N), and his brother Shahbaz Sharif ineligible for contesting elections for criminal convictions.

The verdict has caused countrywide protests from the PML-N workers and supports, who set fire on cars and blocked roads in different cities.