William Black Tears Larry Summers Apart, Again Calls Out Obama To Place Bank Of America In Receivership

 

Exclusive: 4 Dealers Respond With "$1+ Trillion" To Fed Reverse Inquiry Into How Much QE2 Is Necessary

 

Guest Post: Currency Wars: Debase, Default, Deny!

Silver to $30 in 18 days, Turk tells King World News

 

Charles W. Kadlec: Gold vs. the Fed -- the record is clear

 

Gold Continues to Outshine the Field



Crooks Stealing Consumable Goods: Beer & Food A sign of things to come..."A crime alert in Chesterfield [Virginia], where robbers want your food and beer -- and will use violence to get them. Right now police are handling 16 investigations in which crooks snatched edible goods from homes, cars and people on the street."




California Is Broke: 19 Reasons Why It May Be A Good Time To Leave "The unemployed in California is equivalent to the populations of Nevada, New Hampshire, and Vermont."

 

In The News Today

Posted: Oct 28 2010     By: Jim Sinclair      Post Edited: October 28, 2010 at 3:18 pm
Filed under: In The News
Dear CIGAs,
This illustration was done by our own CIGA Eric. Please note where the Federal Statisticians are.




Jim Sinclair’s Commentary
Will he continue with QE? Will he not continue with QE? How much QE will he do?
The answer is simple, he will do QE. Whatever amount is announced, he will do more. In fact he will do whatever is required to attempt to paper over the fraud in the OTC derivative securitized mortgage debt market. He will do whatever is required in his mind to paper over the awful condition of the FASB massaged phony asset values carried by the financial industry.
It matters little what he does or says on any single day because QE is going to infinity.
Yesterday the crazy market had the opinion that QE was not going to happen at all. Today it is on again.



Dollar falls as Fed credibility questioned By Peter Garnham
Published: October 28 2010 11:24 | Last updated: October 28 2010 11:24
The dollar lost ground on Thursday as the recent rally in the currency faltered.
The dollar has performed strongly over the past week as investors have covered short positions in the currency, on speculation that the Federal Reserve would take a less aggressive approach to quantitative easing than previously anticipated in its policy meeting next week.
But the dollar fell on Thursday as news that the Fed had sent out a survey asking primary Treasury dealers of their expectations of the size and impact of further asset purchases.
Maurice Pomery at Strategic Alpha said the credibility of the Fed might come into question as the news suggested the central bank had no idea of how much, or how, to throw additional quantitative easing into the market.
“The faith in the dollar is likely to be tested and the credibility of the Fed may be as well,” he said. “Holding US assets might just become as fashionable as kipper ties and large collared shirts.”
The dollar fell 0.5 per cent to $1.3836 against the euro, lost 0.4 per cent to $1.5841 against the pound and was 0.5 per cent weaker at $0.9857 against the Swiss franc.
More…




Jim Sinclair’s Commentary
The blatant lies will never end in this most degraded financial group that has ever existed in human history.


Jim Sinclair’s Commentary
Here is a very interesting interview that I suggest you review.
Click here to watch the interview…



Jim Sinclair’s Commentary
Gold rallies and the dollar falls because he used the QE words.
What a crock. QE to Infinity will come, serialized, but it will come.

NY Fed solicits QE2 opinions. The New York Federal Reserve has asked bond dealers and investors for their projections of how large the central bank’s asset purchases will be over the next six months, with the options to choose from listed as zero, $250B, $500B and $1T. The survey also asks respondents how those purchases are likely to affect yields, how often they anticipate the Fed will re-evaluate the program and what its ultimate size would be. Fed officials are trying to get a better handle on market expectations for a second round of quantitative easing, which investors believe will be announced next week.