A Call For An International Real Investors Spring

July 19, 2012, at 12:02 pm
by Jim Sinclair

My Dear Friends,

This is a call to litigation and high tech communication arms. This is a call for a communication revolution of 2012 with the same commitment that existed in 1775. This is a call for an explosion in litigation against those that destroy for profit using dastardly means.
The ends do not justify the means in the investment world even though it is the mantra of the devils that hide as financial and corporate personalities. Unless our markets are cleaned up of criminals there can be no sustained economic recovery. As long as the uptick rule is not enforced the Western world economic system is in the control of demons.
This revolution is not armed but it should be violent in its constant complaint and litigation of every organization, writer, paper, and personality that is stealing from us. Do no let up.
It is time for a Real Investors Spring.
Stop bitching and being cowards. I intend to fight via law, communication and any other legal means I can conceive of until I drive anyone who has screwed me and mine nuts.
Stop bitching and get active wherever you are being screwed in your area of business. We are a legion and you all have computers. Use them.
The letters you wrote at my request are having PROFOUND impact. The perpetrators are scared because they we very sloppy in their transgressions against us. We are in a financial system in which almost everything is organized crime. All that you need to do to enforce this disease is to do nothing.
I refuse and will not yield until it is eliminated from my space and the space of my responsibility.
What are you going to do?
Drive your PM CEO nuts because they are a band of cowards as scared of their stockholders as they are of things that go boom in the night. Even more terrified of the stockholders are their directors.
Communicate directly with the board of the company whose CEO is brain dead. Even the CEOs of the biggest PMs have their worst nightmares as a stockholder legal revolution.
Our weapon is litigation. Scare the hell out of everything walking that steals from you or bullies you. Never yield! That includes agencies as well.
This is an urgent call to arms for you all.
Respectfully,
Jim

Investor’s Spring–Freedom!

July 20, 2012, at 2:35 pm
by Jim Sinclair

My Dear Extended Family,

Investor’s Spring. Freedom at last!
You know that I have spent a good part of my life in an attempt to better understand the human experience looking for purpose. I would like to share with you a short conversation I had with Sai Baba in India in 1986. He said to me "What would you do if I made you a warrior?" The room was full of spiritually liberal people. I answered "make great war." There was a collective gasp by the attendees. Sai Baba said, "Right Answer, Sinclair."
Nobody wants war, but if it comes your way, and is your duty to pursue, it must be done, and done well. This war has been brought to us by those that would profit by destruction in clear violation of common commercial code.
These demons do not just short a situations based on a premise and await profit.
They pound mercilessly on the bids, seeking to depress the price.
They sell short the shares index and other funds buy as a means to get large numbers.
They immediately start dirty tricks.
They turn you in to regulatory bodies in the area of your trading and in the country of your operation on constructed nonsense.
They seek authors to write negative articles from their imagination to insult your integrity as a company not only where you work, but also where you trade.
They pay people to adopt a multitude of nicknames to post horrific lies about you personally and your company on chat boards.
They have a trading campaign to sell every instance of good news you have.
They have a trading campaign to sell your positive closes within the last 30 seconds of the trading day.
They enter orders with brokers who know what they want to happen in sizes larger than the total average daily trading to sell at the market on the close of Fridays.
They trade other exchange listed shares on the NASDAQ out of line with the listed close to skew the closing prices to the negative.
They actually paint the charts with their trading to make your situation less attractive technically.
These are only a few of the standard dirty tricks they execute in order to profit from these illegal acts to profit from the short which is the fruit of their crimes.
Their offense is violation of common commercial code. The short is simply the means of illicit profits. I do not intend to preach to you, but rather lead by example.
Your job is to get the attention first of those that are the management and directors of the companies you invest in that have been manipulated. You may have to be strong in order to accomplish this.
I am obligated in my corporate position to defend the company to the limit of my ability. I am obligated to say no, not on my watch. I am obligated to use all means, including litigation, to protect capital value on behalf of the investors. If I failed to do that I would be liable to you. This is true of every investment you have, not only precious metals shares.
Step one of "Investor’s Spring, Freedom" is to raise hell with the management and directors of your investments to take action to protect your interests from illegal and unethical activities. Tell them remedy exists in common commercial code moreso than securities laws.
I will let you know what I am doing as I do it. I will lead other companies to protect you by example.
It is up to you to do one simple thing. Wake up this bunch of brain dead office decorations, professional campers and rock hounds and get them to follow me in my march forward.
Respectfully,
Jim

 

What The Weekend May Hold

July 20, 2012, at 10:25 am
by Jim Sinclair

Dear Extended Family,

When will QE become the public practice of all Western world central banks?

It will more than likely come over a weekend just like this weekend. Major sovereign bonds like the Spanish and Italian will be over 7% yield and rising. The Euro will be under pressure. Equity indices everywhere will be under pressure. Recent economic statistics in the entire Western world will be quite negative. The impact of the drought will have driven food prices through the roof.

This time all central banks of the Western world, not just the Federal Reserve will announce emergency measures on Sunday evening.

It is coming a lot faster than the gold bears think. It can be any weekend now. It could be this weekend.

The longer the central banks wait, the more nuclear and longer the QE blast will have to be maintained.

The price of gold is going to $3500 and higher.

Respectfully,
Jim

 

In The News Today

July 20, 2012, at 10:17 am
by Jim Sinclair 

The last duty of a central banker is to tell the public the truth.
–Federal Reserve Board Vice Chairman Alan Blinder (retired)


Everything predicted by the enemies of banks, in the beginning, is now coming to pass. We are to be ruined now by a deluge of bank paper, as we were formerly by the old Continental paper. It is cruel that such revolutions in private fortunes should be at the mercy of avaricious adventurers, who instead of employing their capital, if any they have, in manufactures commerce, and other useful pursuits, make it an instrument to burden all the interchanges of property with their swindling profits, profits which are the price of no useful industry of theirs. Prudent men must be on their guard in this game of Robin’s alive, and take care that the spark does not extinguish in their hands. I am an enemy to all banks discounting bills or notes for anything but coin. But our whole country is so fascinated by this Jack o’ lantern wealth, that they will not stop short of its total and fatal explosion. –Thomas Jefferson


Santelli Blasts The Bernank: ‘Manipulation Is Manipulation!’

Jim Sinclair’s Commentary

Four so far this weekend.

Bank Closing Information
July 20, 2012
These links contain useful information for the customers and vendors.
Heartland Bank, Leawood, KS
First Cherokee State Bank, Woodstock, GA
Georgia Trust Bank, Buford, GA
The Royal Palm Bank of Florida, Naples, FL
http://www.fdic.gov/





Jim Sinclair’s Commentary

The economy of the USA is heading for an old fashioned flop. QE to infinity is the only tool that can have some impact.

If Operation Twist was worth a damn economic indicators would not be going south.

Foreclosures may be back on the upswing
In the second quarter, more homes entered foreclosure than in the same period in 2011 — the first increase since 2009. The $25 billion mortgage settlement earlier this year means banks are processing more foreclosures, which could hurt home prices. By Melinda Fulmer of MSN Real Estate
Delinquent borrowers take heed: The number of homes entering foreclosure has picked up after last year’s slowdown, when banks were forced to overhaul their foreclosure practices.
Foreclosure-data firm RealtyTrac said 311,010 properties started the foreclosure process in the second quarter, a 9% increase from the previous quarter and a 6% increase from the second quarter of 2011 — the first year-over-year jump since the fourth quarter of 2009. Moreover, the trend was fairly widespread, with 31 states posting year-to-year increases.
Since the $25 billion mortgage settlement earlier this year, "Lenders and servicers are slowly but surely catching up with the backlog of delinquent loans that under normal circumstances would have started the foreclosure last year," RealtyTrac CEO Brandon Moore said in a statement.
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Jim Sinclair’s Commentary

In truth, interest rates are not going to do a damn thing here or there. It is direct injection of liquidity that is the tool to kick the can again. It is the only tool and it will be used as it is a political world we live in.

UPDATE: BIS: Banks Cut Lending to Troubled Euro-Zone Countries in 1Q By Paul Hannon and Geoffrey T. Smith
LONDON–Banks cut lending to troubled euro-zone countries in the first three months of 2012 and sent their money to Germany, likely reflecting uncertainties about the credit-worthiness of a number of European governments and doubts about the solvency of major banks.
The Bank for International Settlements Wednesday said the total cross-border exposure of banks rose $59 billion to $30.7 trillion in the three months to the end of March, adjusted for exchange-rate moves.
In the past four years, increases in the gross amount of cross-border lending by international banks have tended to signify an increase in risk appetite and an unwinding of tensions created by the financial crisis.
But the BIS’s data for the first quarter appeared instead to tell a different story: namely, that banks were simply pulling money out of countries where sovereign and bank finances are stretched, and instead parking them in safer havens, either outside the euro zone or in Germany. International claims on Germany rose by $239.2 billion in the quarter.
By contrast, the BIS figures showed banks cut lending to Greece by $27.7 billion, to Portugal by $12.6 billion, to Spain by $27 billion, to Italy by $14.8 billion and to Ireland by $54.6 billion. Foreign banks’ credit exposure to Greece, the country most acutely affected by the debt crisis, has now fallen by $150 billion from its peak in September 2009, to stand at $101 billion by the end of March.
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Jim Sinclair’s Commentary

This could be the straw that breaks the back of gold manipulators.

Gold-trading ring took in billions Updated: 2012-07-18 08:05
By An Baijie in Zhengzhou (China Daily)
Police in Central China’s Henan province rounded up 33 people suspected of illegal gold-futures trading in a case involving more than 5,000 investors and at least 380 billion yuan ($59.62 billion).
The suspects, who had been trading since October 2008, had never registered with industrial and commercial authorities, as required by the law, said Guo Congbin, director of Luoyang public security bureau, on Tuesday.
They promoted investments in Loco London gold, the London gold market in Hong Kong, Guo said, which is illegal on the mainland.
According to Guo, the suspects claimed to be agents of overseas companies dealing in London gold and, with promises of huge returns, persuaded investors to establish accounts on the Internet for trading Loco London gold.
They did not inform investors of the risks of transactions or sign detailed contracts with them, and they charged exorbitant consulting fees for the deals, he said.
An investor named Ye told police that he lost 2.8 million yuan shortly after becoming involved in the trading in April 2010 under the guidance of a suspect named Wang, the Luoyang public security bureau said in a statement on its micro blog on Tuesday.
Ye deposited money into several of the suspects’ private bank accounts, as instructed by Wang, the statement said.
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Jim Sinclair’s Commentary

My answer to the gold bears, especially Martin.

Jim Sinclair’s Commentary

The more real competition in the gold market, the more difficult for the good ole boys on the COMEX to manipulate the round the clock market for gold.

China to launch interbank gold market By Leslie Hook in Beijing
July 19, 2012 12:31 pm
China is set to launch interbank gold trading at the end of next month amid a broader set of banking reforms, in a move that has the potential to boost demand for bullion in the world’s largest consumer.
A spokesman for the Shanghai Gold Exchange confirmed that the exchange “has this plan” to create an interbank gold market and was working with other government agencies to do so, but declined to disclose details of how the new market would function.
Interbank gold trading would be an incremental step in China’s broader banking liberalisation, which aims to modernise the country’s banking sector and includes recent moves such as giving banks more freedom to set deposit and lending rates.
“This will be a good thing . . . to add a new trading method and make it easier for banks to trade gold between themselves,” said Gu Wenshuo, spokesman for the Shanghai Gold Exchange. The exchange will announce more details in August, he added.
China is the world’s largest bullion market, accounting for a quarter of global demand in the first quarter of this year, according to the World Gold Council, and strong consumer demand for gold has been driven by the lack of other investment options in the country’s closed capital market.
At present banks are not allowed to trade bullion, or any precious metals, directly with each other and can only buy gold domestically through the Shanghai Gold Exchange or the Shanghai Futures Exchange. However, about three weeks ago the exchange and other financial institutions circulated a draft of new regulations for interbank gold trading to solicit comments from commercial banks, according to a metals trader at a large Chinese bank.
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Why the U.S. Is in an Invisible Depression According to Al Lewis on The News Hub, we’re actually in a depression right now, but most people don’t see it. One out of seven Americans are on food stamps.
Click here to watch the video…




Jim Sinclair’s Commentary

The western world economy, about to fall off a cliff of their own, will require a lot of morphine.

Economic morphine is the political solution you can count on.

Former Treasury Official: QEs ‘Are Like Morphine’ Published: Wednesday, 18 Jul 2012 | 9:28 PM ET
Bruno J. Navarro
A third round of quantitative easing from the Federal Reserve would be good for stocks but not real growth, former Assistant Treasury Secretary Neel Kashkari told CNBC on Wednesday.
“We think QE3 would be good for the stock market, not necessarily for real economic growth. QEs are like morphine. It makes you feel better, makes the headlines look better, pushes up risk asset prices but doesn’t translate into real economic growth,” he said on “The Kudlow Report.”
Kashkari, who is managing director and head of global equities at Pimco, said that bold action from the Fed would boost markets now that most investors seem to think the global and U.S. economies are slowing.
The former Treasury Department senior official also weighed in on remarks Secretary Tim Geithner earlier.
“What the economy needs now is a very substantial well designed program of support for economic growth, better incentive for private investment, stronger public investment over time and infrastructure in particular, a sustained program to improve training and education, significant targeted support for basic scientific research, things that are important to long-term competitiveness,” Geithner said in an interview with host Larry Kudlow at the “Delivering Alpha” conference. “But those things need to be tied to and done in a framework in a set of well designed, long-term fiscal responsibility.”
More…




Jim Sinclair’s Commentary

The problem has been serious for municipalities and states, but now it is becoming terminal.

New Report Details Threats to State Finances
The State Budget Crisis Task Force, led by Richard Ravitch and Paul Volcker, determines most states "face significant threats to fiscal sustainability" July 17, 2012
The State Budget Crisis Task Force, led by former New York Lieutenant Governor Richard Ravitch and former Chairman of the Federal Reserve Paul Volcker, today released the first-ever comprehensive report detailing threats to states’ fiscal sustainability and actions that can be taken to address them. The report focuses on the fiscal conditions in six heavily populated states — California, Illinois, New Jersey, New York, Texas, and Virginia — which together account for a third of the nation’s population and almost 40 cents of every dollar in spending by state and local governments.
"While the extent of the fiscal challenge varies significantly from state to state, there can be no doubt that the magnitude of the problem is great and extends beyond the impact of the financial crisis and the lingering recession," said Ravitch. "The conclusion of the Task Force is unambiguous: the existing trajectory of state spending, taxation, and administrative practices cannot be sustained. The basic problem is not cyclical, it is structural. The time to act is now."
Among the six states highlighted in the report, a common set of major threats to sustainability were identified:
Medicaid spending growth is crowding out other needs
Federal deficit reduction threatens state economies and budgets
Underfunded retirement promises create risks for future budgets
Narrow, eroding tax bases and volatile tax revenues undermine state finances
Local government fiscal stress poses challenges for states
State budget laws and practices hinder fiscal stability and mask imbalances
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Jim Sinclair’s Commentary

In terms of international transaction settlements, the usage of the dollar is falling sharply.

Global Plans to Replace the Dollar by Bridgette Grillo, Krystal Alexander, Nicole Fletcher
Nations have reached their limit in subsidizing the United States’ military adventures. During meetings in June 2009 in Yekaterinburg, Russia, world leaders such as China’s President Hu Jintao, his then Russian counterpart Dmitry Medvedev, and other top officials of the six-nation Shanghai Cooperation Organisation took the first formal step to replace the dollar as the world’s reserve currency.
The United States was denied admission to the meetings. If the world leaders succeed, the dollar will dramatically plummet in value; the cost of imports, including oil, will skyrocket; and interest rates will climb.
Foreigners see the International Monetary Fund (IMF), the World Bank, and the World Trade Organization (WTO) as Washington surrogates in a financial system backed by US military bases and aircraft carriers encircling the globe. But this military domination is a vestige of an American empire no longer able to rule by economic strength. US military power is muscle-bound, based more on atomic weaponry and long-distance air strikes than on ground operations, which have become too politically unpopular to mount on any large scale.
As Chris Hedges wrote in June 2009, “The architects of this new global exchange realize that if they break the dollar they also break America’s military domination. US military spending cannot be sustained without this cycle of heavy borrowing. The official US defense budget for fiscal year 2008 was $623 billion. The next closest national military budget was China’s, at $65 billion, according to the Central Intelligence Agency.”
More…

 

Jim’s Mailbox

July 20, 2012, at 10:08 am
by Jim Sinclair

Jim,
I am willing to respond to your call to arms, but I need more information. Are you offering to be our leader in this call, and if so, tell us what you need.
CIGA Alan

Alan,

I will outline each move, make that move myself, and then succeed, setting the legal precedent for all other CEOs to follow.

Jim

Dear Jim,

It was Watergate’s "deep throat" who famously said: "follow the money."
Let’s do just that!
Can you see where the money comes from that is going to BOTH Romney and Barry? Gee, what a surprise.
This is why nothing ever seems to change (for the better that is). They are both bought and paid for by moneyed interests hedging their bets.
If you had not yet ‘noticed’ it before, the two American parties (one gang color red, the other gang color blue) are the political equivalent of the Bloods vs. the Crips (with their respective gang colors of red and blue).
Like all good gangbangers, loyalty to the gang is #1, followed by #2, loyalty to what makes them money.
And YOU happy but cluelessly naive voter-taxpayers are merely victims of their drive-by shootings.
Regards,
CIGA Richard S.



Ignore the Libor scandal at your own risk CIGA Eric
Greed and fear have dominated capitalism, human nature, for thousands of years. In other words, there’s nothing new here. Crises develop when greed pushes too far and confidence fails.

Headline: Ignore the Libor scandal at your own risk
SAN FRANCISCO (MarketWatch) — Maybe you’ve seen the headlines mentioning “Libor” or Bob Diamond or the fixing of interest rates. Perhaps you vaguely know that banks were tinkering with the rates for their own advantage. Big deal, you say. So what? Barclays Chief Executive Bob Diamond So, basically investors, including your mutual fund, were hosed. So, the banks essentially stacked the deck so they would be guaranteed to win. So, it was an organized effort that included more than a dozen participants. And who orchestrated it all? The cops who were supposed to regulate them. You should care because of all the missteps of the financial crisis, this one can’t be explained away by Wall Street’s excuses: “We were just stupid.” “It was the borrowers’ fault.” “We misjudged the risk.” “We didn’t see it coming.” The scandal over Libor, the London interbank-offered rate, is hard to understand. It’s difficult to follow the money, ferret out the bad and good intentions. It’s not as easy of a Wall Street scandal to digest as, say, insider trading or front-running trades or Ponzi schemes. But like all of those things, fixing interest rates is simply a fancy way of saying the banks stole money — the money we entrusted to them.
Source: marketwatch.com
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Extreme Affecting Crop and Livestock Yields CIGA Eric
Extreme, persistent heat goes beyond inconvenience for many. It reduces both crop and livestock yields and influences an economy already weakened by failing debt and falling aggregate demand. The pressure for the Fed to act through additional liquidity will only grow as the hot and dry summer cycle lingers.

Headline: Extreme heat cuts milk production in Wisconsin
July 17, 2012 (COTTAGE GROVE, Wis.) — Dairy farmers in Wisconsin are trying to keep their herds cool in this extreme heat in order to sustain milk production. Dairy farmers in Wisconsin are trying to keep their herds cool in this extreme heat in order to sustain milk production. But, many are losing that battle. Cottage Grove farmer Dan Niesen says milk production has dropped 15 to 25 percent. Niesen uses fans inside his barn and makes sure his cows have plenty of water. Each animal can drink up to 100 gallons a day. Hot cows are more likely to eat less and in turn, produce a reduced amount of milk. Niesen tells WKOW-TV his corn crop is still alive because the soil in Dane County holds moisture better than some other areas. He says the corn still needs at least one good soaking rain in the next week to survive.
Source: abclocal.go.com
 
Headline: U.S. corn crop shrinking by the hour
(Reuters) – U.S. corn production has shrunk 7 percent versus the government’s downgraded estimate a week ago, a Reuters poll found on Tuesday, with a worsening drought likely to cause more damage before the month is out. As the worst drought since 1956 begins to expand to the northern and western Midwest, areas that had previously been spared, analysts are slashing corn yield estimates by the hour. Some analysts are also starting to cut their forecasts on the number of acres that will be harvested as farmers opt to plough under their fields to claim insurance.
Source: reuters.com
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