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Does anybody really think, that they can stop this Madman?
Is The Fed's Debt-Buying Unconstitutional? 

In The News Today

Posted: Nov 13 2010     By: Jim Sinclair      Post Edited: November 13, 2010 at 8:41 pm Filed under: In The News

 Trader Dan’s Commentary
We have been warning for some time now that based on the price action of the CCI (Continuous Commodity Index) and some of the various food markets that are a contributing input to that index, it was only a matter of time before the rise in prices at the wholesale level would work their way through the distribution channel and become manifest at the retail level where their impact would then be felt by consumers.
Since there is a lag in the commodity futures markets and the retail price increases that result from rises in this sector, it is only going to get worse as more and more markets have gone on to make either record highs (cotton for example) or two year or longer highs in price.
Also, consider the fact that as the Dollar weakens further on account of the effects of QE, the price of imported goods from those nations which do not have a fixed exchange rate against the greenback are also going to rise. At some point down the road, the Chinese will allow the yuan to float higher and seeks its own level against the Dollar. When it does, Wal-Mart will be forced to pay even higher prices to obtain its manufactured goods for sale in their stores.
One way or the other, all of us are going to end up paying for this mad adventure in the world of QE.
Here is the title to the article: 
Secret Walmart Survey Shows Inflation Already Here



Jim Sinclair’s Commentary
A strong dollar? You have to be kidding. Here is an unreported extremely important post G 20 event.

Abhisit calls on Asia to use yuan in trade
G20 makes no progress in curbing capital flows
Published: 13/11/2010 at 12:00 AM
Prime Minister Abhisit Vejjajiva, fearful of the effects of the soaring baht due to massive capital inflows, has proposed the use of the Chinese yuan as a major regional trading currency.
Asia-Pacific leaders will have to discuss measures to deal with the fund inflows after the Group of 20 major economies failed to reach any tangible decisions, Mr Abhisit said yesterday.
“The G20 did not make any progress on the matter and it is difficult to get the United States and China to express their clear stances on the issue. But what we can do is try to cooperate in the region and reduce the impact from currency volatility,” Mr Abhisit said before leaving for the Asian Games in China and an Asia-Pacific Economic Cooperation (Apec) leaders’ meeting in Yokohama, Japan, this weekend.
G20 leaders drew a veil over their economic policy disputes in South Korea yesterday. They agreed to tackle tensions that have raised the spectre of a currency war and trade protectionism, but they fell short of already low expectations.
Only vague “indicative guidelines” were set for measuring imbalances between their multi-speed economies. Leaders called a timeout to let tempers cool and left details to be discussed in the first half of next year.
Mr Abhisit echoed a call made by the Asian Development Bank (ADB) to use China’s yuan as a major trading currency in the region to reduce the impact of currency volatility, especially linked to the weakening of the US dollar. He said he was the one who proposed the idea to the ADB.
ADB president Haruhiko Kuroda met Mr Abhisit this week to seek Thailand’s support when it tables the proposal at the next meeting of Asean+3 (Asean plus China, Japan and South Korea) finance ministers.
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Jim Sinclair’s Commentary
This is without any doubt quantitative easing, the creation of currency where none existed before, the monetization of debt by the same people who have spent the last three weeks damning exactly what they now are doing.
When a singular currency union bails out a member state it is QE. The entire western world will opt for QE to infinity before this story is completed
Who the hell do they think they are kidding.

EU Urges Ireland to Take a Bailout
BY MARCUS WALKER, BRIAN BLACKSTONE AND NEIL SHAH
European officials are encouraging Ireland to accept a bailout to restore confidence in its solvency and stop the spread of financial-market turbulence to other euro members, according to senior EU officials.
Many European policy makers increasingly believe that early action on Ireland would be better than waiting until markets force the country’s hand, recalling that repeated delays in coming to Greece’s aid this spring led to a near-collapse of investor confidence in the whole euro zone, officials say.
European Union officials are due to discuss the possibility of a bailout for Ireland at a series of meetings in Brussels early …
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Rumors to the Contrary Notwithstanding, You CAN Take It With You! Defiled Land Records & Convoluted Chain of Property Ownership