We The Sheeplez- The Coming Economic Collapse.."A Nation Of Sheep Ruled By Wolves" Thomas Jefferson

Thursday, June 23, 2011

Harvey Organ, Thursday, June 23, 2011

The Big Boyz know whats coming...Too bad 95% of the Sheeplez don't...

Massive Drain of silver by Brinks customer (eligible)/ Raid on all commodities today

Must read...

Stand Strong

June 23, 2011, at 11:55 am
by Jim Sinclair in the category General Editorial |

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Dear Extended Family,

Today’s markets are exactly what you would expect as we enter illustration number three of the Skier.
Economic statistics are taking a hard fall.
Without QE who will buy US treasury issues?
Without QE where is the basis of world equity markets?
Without QE what do you think the chart of unemployment will look like?
Without QE how do you think the camouflage of the insolvent balance sheets of the financial industry will fare?
Without QE where is mortgage money coming from?
Without QE what do you think home prices will do?
Without QE how will the present Administration and the legislative be re-elected?
Without QE how will the States of the United States of America finance themselves?
Be prepared for a reversal of the decision to curtail QE at the end of June.
Be prepared for a snap back at a greater percentage of QE with a different name.
Be prepared for covert QE between July 1st and late August when stimulation goes wild.
Be prepared for gold to take out $1650 on the upside as magnets at $12,544 come into play.
Be prepared for the Inflationary Depression of all time.
Stand firm on your gold positions.
Stand firm on your discipline of NO margin.
Stand strong in your Swiss Franc and Canadian dollar positions.
Survive the MOPE and market manipulation that is so obvious today.

Respectfully,
Jim Sinclair

In The News Today

June 23, 2011, at 2:07 pm
by Jim Sinclair

Jim Sinclair’s Commentary
More secrets that would prove terminal if we did this.

NY Fed Won’t Say How Much Money Went to Iraq Published: Tuesday, 21 Jun 2011 | 7:30 PM ET
By: Eamon Javers
The New York Fed is refusing to tell investigators how many billions of dollars it shipped to Iraq during the early days of the US invasion there, the special inspector general for Iraq reconstruction told CNBC Tuesday.
The Fed’s lack of disclosure is making it difficult for the inspector general to follow the paper trail of billions of dollars that went missing in the chaotic rush to finance the Iraq occupation, and to determine how much of that money was stolen.
The New York Fed will not reveal details, the inspector general said, because the money initially came from an account at the Fed that was held on behalf of the people of Iraq and financed by cash from the Oil-for-Food program. Without authorization from the account holder, the Iraqi government itself, the inspector general’s office was told it can’t receive information about the account.
The problem is that critics of the Iraqi government believe highly placed officials there are among the people who may have made off with the money in the first place.
And some think that will make it highly unlikely the Iraqis will sign off on revealing the total dollar amount.
“My frustration is not with the New York Fed, it is with the Iraqis,” said Stuart Bowen Jr., the Special Inspector General for Iraq reconstruction (SIGIR). “They haven’t been sufficiently responsive.”
As for the New York Fed’s position of secrecy about the total amount transferred to Iraq, Bowen said, “We understand it in the sense that it’s a foreign account and the account holder, according to their own rules, must provide permission.”
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Jim’s Mailbox

June 23, 2011, at 2:05 pm
by Jim Sinclair

It’s All About Confidence

CIGA Eric

The liquidity driven economic recovery is all about confidence. The more confidence slips, the greater the need for stimulus and quantitative easing. What the public fails to realize is that the depression would have started long ago without the various rounds of quantitative easing. We donate them QE(n).
QE(n), however, is no free lunch. It carries the direct consequence of currency devaluation. Currency devaluation destroys purchasing power through inflation. This reduction in purchasing power, also known as standard of livings, is particularly acute during periods of weak or stagnant economic growth. Rising costs, anemic job growth, and falling real wages has been fueling the increasing social discontent across the globe. History is repeating, but few recognize it.
Headline: CNN Poll: Obama approval rating drops as fears of depression rise
President Barack Obama’s overall approval rating has dropped below 50 percent as a growing number of Americans worry that the U.S. is likely to slip into another Great Depression within the next 12 months, according to a new national poll.
A CNN/Opinion Research Corporation poll released Wednesday also indicate that the economy overall remains issue number one to voters, with other economic issues – unemployment, gas prices and the federal deficit – taking three of the remaining four spots in the top five.
Source: cnn.com
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A important "End of America" interview you don't want to miss
Top Constitutional lawyer reveals the only way the dollar can be saved...

Bernanke Just Admitted He's Lost Control of the Markets

Posted by: Phoenix Capital Research

Post date: 06/23/2011 - 11:38

For 80+ years, the US financial system has operated under the belief that the Federal Reserve could handle any problem. This belief was put to the ultimate test in 2008 when the Fed faced off against the biggest Financial Crisis of the last 80 years. And the ONLY thing that kept us from the brink was the belief the Fed could fix things. It couldn’t. And we’re all beginning to see that now.

The Soap Opera Just Got Very Exciting: Eric Cantor Will Propose Balanced Budget Amendment To US Constitution

Submitted by Tyler Durden on 06/23/2011 17:29 -0400
Well now things are really getting downright exciting. From GOP House majority leader Eric Cantor "We are being asked by the Obama Administration to approve a debt limit increase. While President Obama inherited a bad economy, his overspending and failure to enact pro-growth policies have made it worse and now our national debt is currently more than $14 trillion. House Republicans have made clear that we will not agree to raise the debt limit without real spending cuts and binding budget process reforms to ensure that we don’t continue to max out the credit card. One option to ensure that we begin to get our fiscal house in order is a balanced budget amendment to the Constitution, and I expect to schedule such a measure for the House to consider during the week of July 25th. I have no doubt that my Republican colleagues will overwhelmingly support this common sense measure and I urge Democrats to as well in order to get our fiscal house in order."