$2,500 Gold Could Easily Result in $178.50 Silver – Here’s Why!



PRESERVE & PROTECT: The Jaws of Death



Lack Of Free Press In Canada

ECB Stepped In To Rescue Ireland

 

James Turk: The battle for $21 silver begins

 

Bruce Krasting: The Fed talks too much to too few

 

Forth Worth Pension Bubble Ready to Blow Up?



Investor Sentiment: Onus On The Bulls

Regulators close 6 banks in Ga, NJ, Ohio, Wis

posted by Eric De Groot at Eric De Groot - 8 minutes ago

The public has filed this under who cares, but the consequences of the endless FDIC backed bailouts continue to effect the U.S. dollar and global fiat. With 125 closures nationwide so far this year, the p...

Presenting Capital-Based Macroeconomics, An Overview Of The Austrian School And The Business Cycle

 

Now Brazil Is Intervening To Weaken Its Currency, As The Competitive Devaluation Cycle Heats Up

posted by Eric De Groot at Eric De Groot - 47 minutes ago

Several months ago the British Pound took a hit. Soon afterwards, it was the Euro's turn. Last week the Bank of Japan took steps to weaken the Yen. Now the Brazilian Real appears to be headed behind the gl...

International Forecaster September 2010 (#6) - Gold, Silver, Economy + More

By: Bob Chapman, The International Forecaster - 19 September, 2010 The fight for monetary supremacy between the dollar and gold for over the past 16 months has been won by gold and that is why gold is moving higher and the dollar lower. The recent intervention in the currency markets by Japan, ostensibly to weaken the yen, assisted by the US and foreign central banks, won’t strengthen the dollar for any appreciable period of time. The US dollar has broken down and there is no going back. Full Story

Jim Sinclair’s Commentary
Not bad for a week, however they are a few years late in getting a good price.

Central Banks Cut Holdings of U.S. Agency Debt by 7% This Week September 17, 2010, 3:24 PM EDT
By Jody Shenn
Sept. 17 (Bloomberg) — Central banks outside the U.S. are among investors that cut holdings of debt from government- related companies including Fannie Mae and their mortgage bonds by $57 billion in a week, according to Federal Reserve data.
Concern the U.S. government may hurt mortgage bondholders by acting to boost home refinancing partly prompted official foreign investors to reduce their holdings to $752.5 billion on Sept. 15, Nomura Holdings Inc. analysts said. The portfolios reached a weekly average of $831 billion in early August and have fallen below the $769 billion recorded at the end of 2009, according to data compiled by Bloomberg.
Most of this week’s plunge likely reflected maturities of short-term agency corporate debt, the analysts wrote today in a note to clients. “A small portion” of the decline probably stemmed from investors completing mortgage-bond sales arranged in August amid speculation the U.S. might try to increase refinancing among consumers with no home equity or relatively poor credit, Nomura said.
“At least some of that seems to have happened,” Ohmsatya Ravi, the New York-based head of Nomura’s U.S. securitization products research, said in a telephone interview. “When the higher coupon bonds were lagging a lot, we did hear that overseas investors were selling.”
Fannie Mae and Freddie Mac-guaranteed 30-year fixed-rate mortgage securities with coupons between 6 percent and 7 percent have underperformed U.S. Treasuries by 0.39 percentage point since July 30, according to Barclays Capital index data.
More…




Jim Sinclair’s Commentary
The "New Normal" includes the untouchable caste (red, white and blue trash) of perma-poor US citizens.

Income Poverty: One in Three Americans Lacks the Income Needed to “Make Ends Meet”
Young Adults Among Hardest Hit by Shawn Fremstad
Today the Census Bureau released a report on trends in income, including median income, income inequality and income poverty, and health insurance coverage between 2008 and 2009. As expected given the increase in unemployment—which grew from 7.4 percent in December 2008 to 10 percent in December 2009—the report shows a substantial deterioration in Americans’ economic security between 2008 and 2009.
The Census figures show that in 2009 one out of every three Americans had incomes that fell below the amount (roughly $45,000 for a family of four) that most Americans and various budget estimates show is needed to “make ends meet” at a basic level. Also, of particular note, the report shows substantial increases in the poverty rate and the rate of people without health insurance, as well as declines in median income for various demographic groups.
Income Poverty and “Making Ends Meet”
In 2009, some 43.6 million people had incomes below the federal poverty line. The income-poverty rate increased both overall—from 13.2 percent in 2008 to 14.3 percent in 2009—and for all racial and ethnic groups, except Asians (for whom the increase was not statistically significant). The number of persons living below the poverty line has now increased for three consecutive years. The largest percentage increases in poverty were experienced by families headed by a single man (3.1 percent) and children under age 6 (2.6 percent).
There is broad recognition that the current poverty line ($21,756 for a family of four in 2009) falls far below the amount of income needed to “make ends meet” at a basic level.1 When established in the early 1960s, the poverty line was equal to nearly 50 percent of median income. Because it has only been adjusted for inflation since then, and not for increases in mainstream living standards, the poverty line has fallen to just under 30 percent of median income. As a result, to be counted as officially “poor,” you have to be much poorer today, compared to a typical family, than you would have in the 1960s.
More…

Jim’s Mailbox

Posted: Sep 19 2010     By: Jim Sinclair      Post Edited: September 19, 2010 at 4:45 pm
Filed under: Jim's Mailbox
Jim,
Do you hear what I hear? An Angel is calling!
CIGA "The Gordon"


Dear Jim,
I am wondering if after all this is over if there will be more than four banks in the world. I had a very learned gentleman tell me this. I would appreciate any insights.
Have a great trip!
Best,
CIGA BT
Dear Big Tatanka,
Four may well be low, but FEW is correct.
There is a reasonably founded opinion that what we are going through from the Lehman flush to conclusion has all been to monopolize the Western world financial business.
Regards,
Jim in Mwanza.

Dear LT,
It looks like the people over at Leap are in agreement with you for your gold move as it really hits the fan. We haven’t seen anything yet!
CIGA Big Tatanka
Click here to read the article…