Ominous Parallels by Walter E. Williams. By Walter E.
Williams Recently by Walter E. Williams: Ignorance, Stupidity or Connivance? People are beginning to compare Barack Obama's administration to the failed administration of Jimmy Carter, but a better comparison is to the Roosevelt administration of the 1930s and '40s. Debt Ceiling Default Closing In. Greg Hunter’s USAWatchdog.com It looks like even the mainstream media (MSM) can see a calamity if we are right on top of one.
Finally, the dire debt ceiling negotiations between Congress and the White House were covered wall-to-wall on all the major media outlets yesterday. No comment better describes the frightful situation America faces over its debt problem than what Treasury Secretary Tim Geithner said yesterday on FOX, “. . . we’re running out of runway. True Inflation Rate 2011. Greg Hunter’s USAWatchdog.com Last week, in testimony on Capitol Hill, Fed Chief Ben Bernanke said, “The pace of the economic recovery will pick up.”
As far as the weak economy is concerned, Mr. Bernanke also said there would be, “a notably better performance than we have seen so far this year.” Jim Sinclair. In The News Today : Welcome To Jim Sinclair's MineSet. Shri Sathya Sai Baba In the midst of our world, the madness we discuss every day, there are great and beautiful things.
One such event happened yesterday. Shri Sathya Sai Baba transitioned from body yesterday. The world is an infinitely better place since he visited here. Baba and his teachings to all faiths will be with us forever. Dearest friend, friend to all men and spiritual preceptor; gone to the eyes but eternal in our hearts. Jim Sinclair’s Commentary Concerning reports that China has declared financial war by threatening to sell significiant amounts of US Treasuries:
Trader Dan's Market Views. Immoral-Not-Illegal-a-Crisis-in-Ethics-Repeating-the-1930-s-5-20-10. Peter Schiff Vlog. Jim Sinclair's MineSet. The Wormhole at the “Process Event Horizon” Ever since the beginnings of fiat money, economies have pulsated between polar opposites: paper and tangibles.
Latest From Jim Sinclair on the Federal Reserve Gold Certificate. Source: jsmineset.com Jim, Armstrong sees the Gold bull market lasting until roughly 2016 (17.2 years starting in 1999).
Is it at this point that you see the USDX bottoming at .5200? Is it at that point when you see the Federal Reserve Gold Certificate put in place? According to cyclical analysis it would come at the low point business wise of the 17.2 cycle. How long do you think this world monetary system will take to be implemented? I guess once again the US will lead the process. Do you think China (or India) will take a major role in it?
Will it be done under the IMF umbrella? After the Federal Reserve Gold Certificate is in place, do you believe that the world´s economy can enjoy some period of stability (with the exception of geopolitical considerations)? Best regards, CIGA Christopher Christopher, I see the USDX bottoming between .4600 and .5200, yes. The US will not necessarily lead the process. China and India will play a major role by demand via back financial channels. Regards, Jim. The Mathematics Of Gold. Dear CIGAs, Little by little, I am passing on ALL that I have learned from Jesse through Bert and Bert’s knowledge to those that read here, every day, in thanks for your support of me and mine.
–JEBS (James Edwin Bertram Sinclair) Assumption: Because gold is held by many central banks, once as a reserve currency but now as an inventory currency, it functions as a swing asset to balance the International Balance sheet of the US. Central banks are sellers of dollars but still hold, by default, large dollar inventories. China has hedged its dollar position 50% through commitments to long term dollar commercial agreements, pay in, mineral, and energy deals internationally. We can assume other central banks still hold 90% of their reported dollar positions, on average unhedged by commercial obligation positions. The Role of Gold in the Future of the Global Economy. The bear market in the U.S.
Dollar is obviously accelerating with each passing day, prices are moving up across the board as the freshly created money increasingly pours into the market for hard assets such as commodities. Indeed, at the extreme end of possibilities, most of today’s prognosticators believe in one of two potential outcomes: My research into these matters indicates that neither of these scenarios are likely, though it wouldn’t hurt to be prepared, at all times, for the first scenario, in case the system does end up coming apart.
What MUST Be Done To Avoid Financial Destruction. By Jim Sinclair | Jim Sinclair’s Mine Set Things are now “Out of Control.”
This international financial crisis is now out of control as the world asks if the USA has two presidents, one president or no president at all. It would appear that Paulson is in financial control with Bernanke as his second. Eric De Groot.