DAILY BLOG UPDATE # 183

Gold Most Likely to Double: Puru Saxena
http://www.kitco.com/reports/KitcoNews20100412J2.html


Gold Run Not Over: Marc Faber
http://www.kitco.com/reports/KitcoNews20100412J.html


Police: 89-Year-Old Fires Gun At Intruder. Commenting on the police kindly reloading the revolver for the old woman, Paul notes: "This is great!!! Community policing at it's best."
Watch the video.



I stumbled upon this headline…The ONLY way you can protect yourself financially, is to purchase Gold and Silver...

Bloomberg’s Offshore Millions

In the article, I found this bombshell…
“According to an extensive review of the mayor’s financial records by The Observer, even as Mr. Bloomberg was trying to counter the loss of taxes and other income from the richest New Yorkers, the foundation he controls was in the process of shuttling hundreds of millions of dollars out of the city and into controversial offshore tax havens that would produce nothing at all for the city in terms of tax revenue.

Aram Roston, New York Observer

While begging New Yorkers to keep their tax dollars in state (and in the “state’s pockets”) Mayor Bloomberg was quietly taking his money offshore.
How much did he move offshore? About $290 million dollars!


GM Repays $8.4 Billion Bailout in Full. Oh but wait... GM Used Bailout to Repay TARP Loans, Senator Says



The Grudge Match Over Your 401(k)


The IRS Goes Clubbin'.


US to Shine Light on Derivatives Trading When/if the SHEEPLEZ finds out what has happened the game will be over...Got GOLD and SILVER? You'll need it...


IMF Trims Estimate of Losses From Financial Crisis


I hope they are right...Buy on the dips...If it drops a little buy a little, If it drops alot then buy alot...
More Downside Risk Ahead for Oil and Gold


If you believe this... then I have a beautiful bridge to sell you in San Francisco...cheap
Biden talks more crap then a North Korean radio station...
FACT 90-95+++% of ALL the news you hear about the economy is either spin or pure lies.
The Government needs to keep the SHEEPLEZ quiet while they are being lead to slaughter.
Economy Will Create 500,000 Jobs a Month: Biden



Jim Sinclair’s Commentary

Two comments:
1. Big deficit is no problem when you call your handy dandy fraudulent OTC derivative dealers.
2. Greece is the straw man that is taking the attention off failing US states and GB’s record Federal Deficit.

State debt woes grow too big to camouflage Economist: ‘When an accident is waiting to happen, it eventually does’ By Mary Williams Walsh updated 2:02 p.m. ET, Tues., March. 30, 2010
California, New York and other states are showing many of the same signs of debt overload that recently took Greece to the brink — budgets that will not balance, accounting that masks debt, the use of derivatives to plug holes, and armies of retired public workers who are counting on benefits that are proving harder and harder to pay.
And states are responding in sometimes desperate ways, raising concerns that they, too, could face a debt crisis.
New Hampshire was recently ordered by its State Supreme Court to put back $110 million that it took from a medical malpractice insurance pool to balance its budget. Colorado tried, so far unsuccessfully, to grab a $500 million surplus from Pinnacol Assurance, a state workers’ compensation insurer that was privatized in 2002. It wanted the money for its university system and seems likely to get a lesser amount, perhaps $200 million.
Connecticut has tried to issue its own accounting rules. Hawaii has inaugurated a four-day school week. California accelerated its corporate income tax this year, making companies pay 70 percent of their 2010 taxes by June 15. And many states have balanced their budgets with federal health care dollars that Congress has not yet appropriated.
More…





Jim Sinclair’s Commentary

Wake up SHEEPLEZ... This weekly parade of fiduciary financial failure is HORRIBLE.
The MOPE is to release in groups under 10 to keep the social order.

Gold under your control is the only safe bank today. The price of gold will eclipse my target of $1650.

Bank Closing Information – April 23, 2010 These links contain useful information for the customers and vendors of these closed banks.

Wheatland Bank, Naperville, IL
Peotone Bank and Trust Company, Peotone, IL
Lincoln Park Savings Bank, Chicago, IL
New Century Bank, Chicago, IL
Citizens Bank&Trust Company of Chicago, Chicago, IL
Broadway Bank, Chicago, IL
Amcore Bank, N.A., Rockford, IL
View all that have failed here.
http://www.fdic.gov/

Jim Sinclair’s Commentary

Enforcement which are extremely unsettling this week.
Enforcement Actions Legal actions by the Board and written agreements approved by the Federal Reserve Banks

· April 22, 2010 Written agreement with The Bank of Currituck ·
April 22, 2010 Cease and desist order against PB Financial Group and Premier Bank ·
April 21, 2010 Termination of enforcement action against Heritage Bank ·
April 20, 2010 Written agreement with Ameri-National Corporation ·
April 19, 2010 Written agreement with First National Financial Services

More…