Jim Rogers: ‘Britain is totally insolvent’
Posted: Dec 08 2010 By: Jim Sinclair Post Edited: December 8, 2010 at 12:59 pm
Filed under: General Editorial, Jim's Mailbox
Dear Jim
Is everyone following the Robert Mugabe School of Economics?
CIGA LAS
Jim Sinclair’s Commentary
What Western nation is solvent in terms of fungible assets versus external debt?
Jim Rogers: ‘Britain is totally insolvent’
By Andrew Oxlade7 December 2010, 6:26pm
US speculator Jim Rogers is known for his outspoken views but today went further than usual suggesting Britain is ‘totally insolvent’.
In an interview on business TV channel CNBC, Rogers, who made his name making millions while partnered with legendary financier George Soros, suggested Britain was the true sick man of Europe.
He said: ‘Greece is insolvent, Portugal has a liquidity problem, Spain has a liquidity problem, Belgium has been cooking the books for a long time, Italy has been cooking the books for a long time and the UK is totally insolvent.’
More….
Jim Sinclair’s Commentary
The big story on Financial TV yesterday was the talking heads saying Chinese economic figures are government fabrications. You talk about throwing stones in a USA glass house.
Jim Rogers: ‘US government’s inflation data is a sham’
Leading investor Jim Rogers has attacked the US government’s inflation data as a "sham" that is causing the central bank to massively understate price pressures.
By Andrew Trotman 11:18PM GMT 07 Dec 2010
Mr Rogers, who shot to fame after co-founding Quantum Fund with George Soros, argued the Federal Reserve uses information that relies too heavily on housing prices.
"I expect interest rates in the US to go much, much, much higher over the next few years," he said, adding that he is betting against US Treasuries.
The core personal consumption expenditure index, which strips out food and energy costs, is the Fed’s preferred measure of inflation. This was flat in October for the second straight month.
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Jim Sinclair’s Commentary
This supplier’s notice is directed towards the birds, but should be directed to the endangered species on two legs with no wings: namely the populous of the Western world. For those who care to pooh-pooh my thesis on Currency Induced Cost Push Inflation, tell that to the birds.
NOTICE
New Pricing on Bird Food
Published: 11/9/2010
Recent events in the market have forced a price increase on bird food. This affects the entire industry and prices are increasing immediately.
Causes to the market price increase include:
- Russian Grain Embargo imposed on August 15, 2010
- Lower than forecasted corn yields in the US for the 2010 harvest
- Dramatic increases in the global food demand, lead by the Chinese
- EPA increase on the allowable Ethanol blend in gasoline from 10% to 15%
- Increased speculators on grain commodities
If you have any additional questions, please contact the Lawn & Garden Department.
Posted: Dec 08 2010 By: Jim Sinclair Post Edited: December 8, 2010 at 12:37 pm
Filed under: General Editorial
In The News Today
Posted: Jan 06 2010 By: Jim Sinclair Post Edited: January 6, 2010 at 8:56 pm
Dear CIGAs,
The Angels are moving targets that are refined with each market reaction. Their change is miniscule but we account for it. That fact that $1224.10 was the cash high and the fact that the $1080 area worked reasonably well has lit up $1764 even brighter than $1650.
I therefore conclude that gold is definitively going to $1650 with an overrun to $1764 prior to a reaction before it moves to higher prices on or before January 14th, 2011.
![clip_image002[4]](http://jsmineset.com/wp-content/uploads/2010/12/clip_image00242.jpg "clip_image002[4]")
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
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