Jim Sinclair’s Commentary
I firmly believe the Fed (via swaps) financed the ECB for today’s intervention in the euro under the assumption that if they did not, a second move down 1000 points would occur.
This action guarantees "QE to Infinity." Gold is going to and above $1650


QE to Infinity and Endless Cookie Jar
posted by Eric De Groot at Eric De Groot - 52 minutes ago
Centralized control views the capital markets as a cookie jar. No one will notice if we take just one more cookie. Markets are enticed by these cookies via leverage over the short-term, but capital flows a...




The Next Time America Has a Recession...
posted by Blogger at Jim Rogers Blog - 1 hour ago
''Next time we have a slowdown, or a recession. America has shot its wad. Ben Bernanke can't keep printing money - the world is going to run out of trees at the rate he's printing money.'' in Sydney Morni...


Euro Intervention Would Buy ‘Time But Little Else,’ Barrow Says
posted by Eric De Groot at Eric De Groot - 5 hours ago
The capital markets (gold, equity, bonds) follow time, and Barrow is right, they are running out of it. Equities cycle low March 06 2009 Important Dates Hz Date ---- ------- 17.2 - 08/10/10 25.8 - 04/29/...




Stocks to Tumble Another 20%, Cash the Safest Place: Roubini
Stocks are likely to continue their aggressive decline and shed another 20 percent as the world economy weakens, economist Nouriel Roubini told CNBC.

Financial Reforms Are Just 'Cosmetic'

Sarkozy threatened to withdraw France from the euro unless Germany vowed to back Greece
posted by Eric De Groot at Eric De Groot - 5 hours ago
They must work together, or this mess will metathesize with alarming speed. When intervention goes political, there will be mistakes. French president Nicolas Sarkozy threatened to pull out of the euro if ...


China to US: Put Your Fiscal House in Order
With China facing criticism for its de facto dollar peg, Assistant Finance Minister Zhu Guangyao shifted attention to Beijing's worries about U.S. policies, especially its soaring budget deficit.


Jim Sinclair’s Commentary
Main Street is in the hands of a roulette wheel and it is not going to stop.
The Western world is toast and there is no way out of the clutches of financiers that own Washington.
China is the shining example of how to stop white collar crime – make it a capital offense.
Proposal Would Rid Finance Bill of Derivatives Measure By DAMIAN PALETTA And GREG HITT
WASHINGTON—The head of the Senate Banking Committee proposed diluting a controversial provision in the Senate’s financial regulation overhaul bill that would ban banks from trading derivatives.
The move set up a fight on the Senate floor just days before a vote on the bill is expected to take place.
Sen. Christopher Dodd’s proposal puts the Connecticut Democrat at odds with Senate Agriculture Committee Chairman Blanche Lincoln (D., Ark.), who wants to force banks to spin off their derivatives trading operations into affiliates. She said Tuesday she would "fight efforts to weaken" her provision.
Mr. Dodd’s new proposal would suspend any ban for two years and give the Treasury Secretary the ability to kill the ban altogether. The banking industry has opposed the original provision to halt the trading, but its response to Mr. Dodd’s proposal was also negative. Bank officials say the two-year window, during which the future shape of trading would be left in doubt, would cast a chilling affect on the derivatives business and give foreign banks a competitive advantage over U.S. banks.
Derivatives are complex financial instruments often used to hedge risk against events such as fluctuations in interest rates or energy prices. Many lawmakers argue that bad speculative bets by banks on derivatives exacerbated the financial crisis in 2008, and that therefore the derivatives business needs closer regulation.
More…


Jim Sinclair’s Commentary
Adding debt to debt is what got the Western world in the pickle we are in.
Sarkozy is stepping into Merkel’s place to see the euro lower.
This article might have made a typo because the euro problem is not in 2016, it is more likely on or before 2011.6
Sarkozy threatened to withdraw France from the euro unless Germany vowed to back Greece By PETER ALLEN and SIMON DUKE Last updated at 9:41 AM on 15th May 2010
French president Nicolas Sarkozy threatened to pull out of the euro if Germany did not agree to bail out crsisi-hit Greece.
The revelation revived fears over the future of the single currency, sending the euro to an 19-month low against the dollar yesterday.
Mr Sarkozy made his ultimatum at a meeting of EU leaders in Brussels last Friday to discuss the mounting eurozone debt crisis, according to reports in the Spanish press.
He apparently demanded ‘a compromise from everyone to support Greece, otherwise France will have to reconsider its position on the euro’.
A Spanish politician at the meeting, quoted by the respected Spanish daily paper El Pais, said: ‘Sarkozy went so far as to bang his fist on the table and threaten to leave the euro.’
Sarkozy, who is of Greek ancestry on his mother’s side, added: ‘If at a time like this, with everything that is happening, Europe is not capable of a united response, then the euro makes no sense.’
More…


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Congress Blocks Indiscriminate IMF Aid to Europe


Stocks Slide After Investors Focus on Europe Woes


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