Monday, May 2, 2011


Every time you swipe your credit card, you are not borrowing money but creating it.  The banks love this because there is virtually no cost to them, and you have to pay back the money with interest just for the privilege of going into debt.

--Jim Sinclair

Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked, ‘Account overdrawn.’ –Ayn Rand


  1. Apocalypse_Now | May 27, 2011 12:29 PM ET
    God forbid that CNBC should rock the boat by actually reporting key financial information!

    Why isn't CNBC covering the fact that Goldman Sachs is selling equities on its "Conviction Buy list?"

    "...Goldman dumped 1,260,802 shares of Apple(AAPL)during the first quarter, even as its research division rated the stock “buy” and maintained its lofty $470 target."

    Full story at:

    Goldman Sachs = nontrustworthy

  2. May 27, 2011, at 10:57 am
    by Jim Sinclair

    Jim Sinclair’s Commentary

    Don’t give all your time to the markets. You need to observe your surroundings and even feel your total physical condition.

    If you have pain feel it, and do not run away from it internally or externally. Your market performance will improve.

    Simply put, be aware of yourself and your surroundings. The market will be aware of you.

  3. ELTUT | Jun 2, 2011 04:58 AM ET
    The Federal Reserve Cartel: The Eight Families

    The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP Amoco and Chevron Texaco); in tandem with Deutsche Bank, BNP, Barclays and other European old money behemoths. But their monopoly over the global economy does not end at the edge of the oil patch.

    According to company 10K filings to the SEC, the Four Horsemen of Banking are among the top ten stock holders of virtually every Fortune 500 corporation.

    and you wonder why the economy is as it is.....its all bank owned....bankers will own countries very soon....the real enemy of the nation is the banks, they control both political partys..

  4. Art65 | Jun 2, 2011 10:08 AM ET
    The REAL ISSUE is:

    The bankers have the illegitimate RIGHT to print money out of thin air and buy everything's that's for sale on the planet.

    That's IT!

    While YOU don't! No, you can't write yourself a check like the bankers DO.

    The Wall Street bankers can create money out of thin air ANYTIME they like. This creation of money is not dependent on what the economy does. The bankers can make the stock or bond markets go up ANYTIME THEY LIKE by printing money and buying securities with it.

    Fluctuations in the market happen only for one reason: to HIDE the fact that bankers are printing money out of thin air. It's only a cover-up. The bankers take position before a move that they will have caused, happens. Then they claim "profits", i.e., a legal and rational justification for their money printing.

    Our political and economic system consists of one word and one word only: CORRUPTION.

    The bankers, the congress and the president ought to be tried for TREASON: who swore to uphold the US Constitution that says only precious metals can be used as money?

  5. Titanic2011 | Jun 3, 2011 10:25 PM ET
    Political economy came into being as a natural result of the expansion of trade, and with its appearance, elementary, unscientific huckstering was replaced by a developed system of licensed fraud, an entire science of enrichment.

  6. China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills

    Friday, June 03, 2011

    By Terence P. Jeffrey

    ( - China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011, the most recent month reported by the U.S. Treasury.

  7. AmericanPatriot 20 hours ago

    That creates a totally false and misleading impression. The Treasury issues 4 classes of bonds: bills, bonds, notes, and TIPS. They are all US TREASURIES. Bills are the very short term class. China has INCREASED ITS OVERALL HOLDING OF US TREASURIES BY NEARLY $300 BILLION over the past year and now holds more than $1.114 trillion in US Treasuries. All they have done is shifted emphasis from very short term bills to longer term bonds and notes which shows their long term confidencein the US has increased. For the correct totals as of March 31, 2011 of US Treasury holdings by the Chinese government, see:

  8. What if all those bills and bonds were posted as collateral and thus already de facto spent? So while they may appear as nominal assets and liabilities on Chinese and US ledgers, they may have already been converted into REAL assets in the form of delivered commodities or enforceable business contracts.

    We'll see soon enough.

  9. Ken Stremsky said:

    You may read "The Realities of Modern Hyperinflation" from June 2003 by Carmen M. Reinhart and Miguel A. Savastano on

    You may look up inflation since 1913 on

    Article 1, Section 8 of the United States Constitution gives Congress the power "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures".

    You may read the Oath of Office that members of Congress take via a Google search.

    When are members of Congress going to keep their Oath of Office dealing with our currency?

    Congress and NOT the Federal Reserve should have the final say on our currency.

    Congress should be able to veto decisions of the Federal Reserve whenever it wants for any reason it wants.

    Congress should be able to repeal decisions of the Federal Reserve whenever it wants for any reason it wants.

    The President of the United States of America should NOT be choosing members of the Federal Reserve Board. The power to coin Money belongs solely to Congress. It is not a shared power discussed in Article 2, Section 2 of the United States Constitution -Treaties, Ambassadors, United States Supreme Court Justices, "other public Ministers and Consuls" ...etc.

    The United States House of Representatives and the United States Senate should get to choose members of the Federal Reserve Board.

    Before the Federal Reserve Board does something, it should have to get the permission of some Representatives of the United States House of Representatives and some United States Senators. The United States House of Representatives should pick the Representatives it wants overseeing decisions of the Federal Reserve. The United States Senate should choose the Senators it wants overseeing the Federal Reserve.

    Congress should be able to audit the Federal Reserve whenever it wants for any reason it wants.

    Congress should be able to fire members of the Federal Reserve Board and other employees of the Federal Reserve whenever it wants for any reason it wants.

    I hope Congress will back more of our currency with gold, silver, and other valuable minerals. You may read about minerals on
    (Report Abuse) June 11, 2011 2:51 pm

  10. No2RepublicanConJob said:

    Aug 2, 2011 01:26 AM ET
    All this talk of "Debts", "Default", just further proves what lunatics Republicans are, what HOAX Obama is and what a right-wing LYING machine US Media is, for we can easily convert the HUGE deficits in US into HUGE Surpluses while Government spending MASSIVELY to create Millions of high paying Jobs, by taking these Steps:

    1- End the Iraq & Afghan Wars. SAVING $2-T over next 10 years.

    2- Cut the Gargantuan US Military budget to be in-line to size of US economy to World economy. This means cut US Military to be 20% of World Military budget, which means cut it to $140-Bill. SAVING $5-T over next 10 years and US Military still be largest in the World.

    3- Provide Americans with Universal Nationalized health care. SAVING $1-T per year.

    The above 3 Steps will wipe out the US Deficits and result in HUGE Surpluses, so then take the surpluses and invest them in High Speed Trains, Renewable energy, etc. thus creating Millions of high paying jobs. NOTE: China is already taking these steps, thus she has HUGE Surpluses and 4.2% unemployment.


  11. Duffminster said:

    Duffminster | Aug 15, 2011 12:44 PM ET
    Actually, most of the large corporations have abandoned America and are now "multi-national" corporations, who have zero loyalty to America, its citizens or workers.

    These nationless fictions that are granted super citizenship status have anti-citizen ethics, which means they are beholden only to the bottom line, which means they are desiring to ship jobs to places with the lowest wages, the least protections of citizens rights, the most polluter friendly and the least safety regulations possible.

    I personally try to always buy products from the smaller and medium size companies that are worker friendly, loyal to US citizens and jobs and that ranges from shoe makers to using local credit union instead of giant multi-national "bank" that like all other nationless "multi-national" corporations have used their massive influence in government to practice what amounts to legalized tax evasion, conveniently entitled "tax avoidance." The situation is beyond even national fascism. It is the abandonment of people for profits alone and zero patriotism by our largest corps.


  12. Duck33 said:

    duck33 | Sep 1, 2011 08:35 AM ET
    "In a sane and well-regulated banking system, commercial banks are mechanisms to help their local and regional economies grow. They use the deposits of their customers to fund loans that improve the functioning of the region, making its manufacturing and agriculture more productive, raising the standard of living, and helping local businesses meet the needs of the community. The local bank grows as the local economy grows, giving it a vested interest in supporting and nurturing that growth.

    The oligarchic model, as exemplified by the Inter-Alpha Group, works just the opposite way. Its network of banks is used to suck capital out of localities and into the global markets, where it can be used to speculate, manipulate, and subjugate the people of the planet. Such banks do not nurture their customer base, they loot it."

  13. TruthInSunshine says:

    "We can only grow our economy via inflationary water torture, enriching global banking and commercial oligopolies and monopolies (using slave labor & scorched earth production methods) by forcing people to assume more debt, and forcing their children, and their childrens' children, to become complete & total debt slaves for the entirety of their lives.
    This is how fractional reserve banking ponzi scam economic systems work; there has to be massively larger and larger generational issuances of fiat money/debt (which are the same thing, in practice) in order to achieve that metric we call GDP growth, which we can cite as progress, even while living standards for nearly the entire populace falls.
    The choice is yours."

    --Ben S. Bernanke (paraphrase)

    John Maynard Keynes on inflation in The Economic Consequences of the Peace (p. 235-6):

    “By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth. Those to whom the system brings windfalls, beyond their deserts and even beyond their expectations or desires, become ‘profiteers,’ who are the object of the hatred of the bourgeoisie, whom the inflationism has impoverished, not less than of the proletariat. As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”

    --John Maynard Keynes (actual quote)

    Inflation, bitches! Even Keynes thought it was EVIL.

  14. "Someone who works full-time for an employer, using up his or her life in the process, should be compensated at least enough so that he or she can live a decent life. Otherwise the job shouldn't exist in the first place - it is little more than slavery. We are a wealthy nation but because the money system is fraudulent, the financial sector parasites on Wall Street and the corporations that spring up around them claim far too much of the wealth, leaving little more than crumbs for most people. Some will say that the "markets" should determine wages. You mean the same markets that give Lloyd Blankfein $60 million each year but give working Americans $20,000?"

    --Jay070 | Aug 29, 2013 01:09 PM ET