"A pistol defends your property and your person from unanticipated and barely anticipated threats from thieves and robbers. With it, you can control your immediate environment. A rifle defends your freedom from oppressors and tyrants. With it, you can enforce your will."
- Gabe Suarez







This is just the start...


Niall Ferguson: Sun Could Set Suddenly on Superpower as Debt Bites.


GOLD IS ABOUT TO EXPLODE TO THE UPSIDE, IN HISTORIC PROPORTIONS...
When the lid blows off this powder keg, even I will be amazed at how fast and how high it will go...Read the next 2 stories to find out why...

Gold in BIS swaps said to have come from looted bank customers' deposits

Adrian Douglas: What's unravelling is gold price suppression


Jim Sinclair’s Commentary
3 bank failures so far this weekend
Bank Closing Information – July 30, 2010
These links contain useful information for the customers and vendors of these closed banks.
Coastal Community Bank, Panama City, FL
Bayside Savings Bank, Port Saint Joe, FL
NorthWest Bank & Trust, Acworth, GA
http://www.fdic.gov/



Jim Sinclair’s Commentary
Both you and I need to follow the real stats.
This for payment service is an absolute necessity to me.
Harry Schultz, Shadow Stats and JSMineset should provide all you need for gold.
- Worst Economic Downturn Since World War II Just Got Worst
- Bulk of First-Half GDP Growth Due to Inventories, Setting Up Likely Third-Quarter Contraction
- Lingering Market Hopes for Recovery Should Fade Quickly
"No. 313: Second-Quarter GDP and Revisions "
http://www.shadowstats.com/article

BULLSHIT...They knew/know all the data is one big LIE...and the mainstream media continues to lie to you daily...
Recession was deeper than government previously thought


China Becomes Second Biggest World Economy


Fed's Bullard:Worried About Possible Deflationary Outcome For US


Top Hedge Funds That Dodged Crash, Rode Market Back Turn Gloomy

Ron Paul Goes After The SEC's FOIA Exclusivity, Introduces SEC Transparency Act

Your future....
BBC News article: Greek police clash with hauliers amid crippling strike. Mike's comment: "The truckers' strike is in its fourth day, gas stations are empty, and the government is implementing emergency measures originally intended for wartime or natural disasters. Does any of this sound familiar?" Reader Tom G. sent a link to a fascinating companion article: Greece Haulier Strike - Your Experiences.


100 Million Facebook Users Learn True Meaning of Going Public. I told you so! Also from K.A.F.: White House proposal would ease FBI access to records of Internet activity. Let's face it, folks: There is no expectation of privacy for anything you do on the Internet. None. Zilch. Nada. Henceforth, try to envision your Internet forum posts and e-mails being printed in 10 foot tall letters on a billboard sign in Times Square.

Jim’s Mailbox

Posted: Jul 30 2010 By: Jim Sinclair Post Edited: July 30, 2010 at 8:35 pm
Filed under: Jim's Mailbox
Wall Street edges lower as investors mull slow recovery
CIGA Eric
Stocks fell on Friday, rebounding for a second day in a row from more substantial losses, as concerns about slower economic growth held trading to a tight range.
Do not associate a technical sell-off with any significant economic conclusions. The direction for stocks, sitting at or near support, will have little to do with lie and deny economic data series. Capital flows, seeking protection against further currency debasement, are driving this market.
As for the slow recovery, my response to that is what did you expect? Consumption, the main driver of US national income, is beginning to fade as the size of the stimulus begins to fade and America begin to defy pop culture by saving. That’s right saving a portion of their incomes. In addition, the engine of future growth, domestic private investment, remains flat at best, and the structural trade deficit is beginning to reassert itself. Government consumption and investment, based largely federal spending, continues to support a weakening private sector.
In other words, the massive quantitative easing to date has done affect the economic trends that are just beginning to intensify.
Personal Consumption Expenditures (PCE) As A %GDP and Personal Consumption Expenditures As A %GDP Average from 1947:

Gross Domestic Private Investment (GDPI) As A %GDP and Gross Domestic Private Investment (GDPI) As A %GDP Average from 1947:

Net Exports (NETEX) As A %GDP and Net Exports (NETEX) As A %GDP Average from 1947:

Government Consumption Expenditures and Gross Investment (GCEI) As A %GDP Average from 1947:

Federal Consumption Expenditures and Gross Investment (FED) As A %GDP and Federal Consumption Expenditures and Gross Investment (FED) As A %GDP Average from 1947

Savings (SAV) As A %GDP and Savings (SAV) As A %GDP Average from 1947:

Source: news.yahoo.com
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