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Dear CIGAs,
For all us Boys and Gals out here in CIGA land, Dr. Bill Harvey asks us to watch the following, Knowing why Dr. Bill has the Dr. as his title will explain it all.
Jim Sinclair’s Commentary
Disappearances and suicides: hedge fund managers specializing in destruction and distortion take note.
You don’t need Russian oligarchs as clients – some of the gold crowd would scare the hell out of the Russians.
I know a fellow named Rusty Bayonet that really qualifies, and god help us all if he brings his friends.
Thinking about that, I would not want the Green Hornet, Dr. Bob, CIGA Arlen, Big Tatanka and a host of angry others after me.
Financial people have to learn that they cannot play with people’s lives and always just walk away. When these nerds destroy markets they destroy thousands of people’s savings, most often without cause or reason.
When you make your living by ripping off market after market, once people identify who you are it is no longer what the nerds think is a simple and impersonal game.
Hiding is becoming less easy as freedom of information will certainly not protect you under a new administration.
Where I am concerned, I know exactly who and where you are.
‘Austria’s Woman on Wall Street’ on the Run?
By The Staff at wowOwow.com
Sonja Kohn may be literally running for her life.
The woman once known here as "Austria’s woman on Wall Street" has disappeared. Kohn collected more than $2 billion from rich investors in Russia and across Europe for Bernard Madoff through her firm, Bank Medici. Touting her connections, she promised investors entrée to bigger fish in the finance world, including Madoff. Some say it’s not out of the question that she’s hiding from Russian clients (do we dare say, perhaps, the Russian mob?) who trusted her with their cash and have had their wallets hit even harder by the Russian stock market and plummeting commodity prices.
"With Russian oligarchs as clients, she might have reason to be afraid," a Viennese banker who knew Kohn and her husband told The New York Times.
This has left Bank Medici – which funneled money to the alleged ponzi schemer Madoff — in the hands of Austrian regulators. People who know her are even afraid to talk on the record, since being linked to Madoff these days isn’t, exactly, the best idea. A Bank Medici spokeswoman characterized Kohn, who has also served as an adviser to Austria’s economic affairs minister, foreign affairs minister and the Vienna Stock Exchange, as a "victim," but wouldn’t say where Kohn was.
Bank Medici had $2.1 billion in exposure to Madoff’s investment securities through hedge funds run by the bank, but it says it had no liquidity problems.
Jim Sinclair’s Commentary
Turkey is going to negotiate with whom on behalf of whom in the Israel/Hamas situation?
Turkey denies reports of arms deal with Israel
www.chinaview.cn ![clip_image002[1]](http://216.157.72.247/wp-content/uploads/2009/01/clip-image0021.gif "clip_image002[1]"){kind=small}
2009-01-07 01:59:03
ANKARA, Jan. 6 (Xinhua) — Turkish Defense Minister Vecdi Gonul Tuesday denied reports that an arms deal was signed between Turkey and Israel ahead of the Gaza operation, local Dogan News Agency reported on Tuesday.
The arms deal has nothing to do with the attacks. No military agreement was signed (with Israel) during our governments," the report quoted Gonul as saying, adding that the agreement in question was signed many years ago and its contents were not related with the recent political developments.
Turkish government came under fire after some media reports suggested that an arms deal worth 167 million U.S. dollars was signed with Israel ahead of the Gaza operations.
According to the reports, Turkey and Israel have a strong partnership in military equipment and arms. The trade volume between the two was 2.6 billion dollars in 2007, among which some suggest 1.8 billion dollars is attributed to military equipment trade.
Turkey has maintained one of the harshest rhetorics against Israel over its incursion in Gaza.
Dear Friends in China,
Respectfully, you are at best only partially correct. It was the unbridled, unregulated, unlisted, false evaluated worthless and to be ever worthless OTC derivatives manufactured primarily in the USA that has turned a normal economic correction into a terminal currency debacle.
I am amazed that even you will not say it the way it is. It must be so embarrassing to know you bought into the madness and acquired a mountain of eternally worthless crap OTC derivatives that you will not admit to in fear of loss of face.
Respectfully,
Jim
U.S. blame game cannot change facts of financial crisis
www.chinaview.cn 
2009-01-07 19:22:19
By Xinhua Writer Huang Xin
BEIJING, Jan. 7 (Xinhua) — Plagued by the financial crisis that originated in the United States, the world economy has been thrown into chaos. While countries are battling the crisis, outgoing U.S. Treasury Secretary Henry Paulson has been playing a blame game.
Paulson said a failure to address the rise of emerging markets and resulting imbalances was partly to blame for the global financial crisis. The current U.S. Federal Reserve Chairman Ben Bernanke is also part of the game. He sees savings from countries like China as a cause of the property bubble in the United States.
Their remarks made headlines but cannot change the facts. It is widely accepted that the U.S. low interest rate policy, which encouraged excessive spending and caused the sub-prime crisis, was at the root of the problem.
The Fed used this policy to save the country’s economy from a contraction in the 1990s, when China and other emerging economies had no large trade surplus or savings.
Apparently, Paulson has mixed up cause and effect by suggesting that emerging economies pushed down U.S. interest rates.
Jim Sinclair’s Commentary
All that protected the Weimar citizens from their elected officials and the Papiermarc was Gold.
All that protects you against your elected officials and the Papierdollar is Gold.
Some day the Rentendollar will come. That you can be sure of.
Study history or become history.
All That Shimmers is Gold
The safe haven status of gold is starting to shine brighter and brighter, according to Jurg Kiener, CEO of Swiss Asia Capital. He explains his bullish outlook on the precious metal to CNBC’s Oriel Morrison.
Jim Sinclair’s Commentary
Bloomberg loves to spin gold costs. Toronto analysts are simply CLUELESS. Gold share bear Hedge Funds just love it.
The key question here is was their project loan produced as recourse or non-recourse? If it was non-recourse and New Gold is accounting on International or Canadian GAAP then the derivative which produced the non-recourse must be charged or credited to the project. Ask them which, not me.
New Gold to Halt Operations at Brazil Mine on Costs
By Rob Delaney
Jan. 2 (Bloomberg) — New Gold Inc., the Vancouver-based company that produces precious metal in Mexico, Brazil and Australia, halted output at one of its three producing mines because of high costs.
New Gold stopped operations at its Amapari mine in Brazil because lower-grade ore and rising quantities of waste material drove costs too high, the company said in a statement. New Gold is exploring options including a new processing facility for handling ore stockpiled at the site.
The company’s stock fell 16 cents, or 9 percent, to C$1.61 at 4:10 p.m. in Toronto Stock Exchange trading. The shares dropped 65 percent last year.
New Gold had planned to mine the Amapari deposit until the third quarter of 2009, according to the statement.
Jim Sinclair’s Commentary
Look Forward To:
1. States issuing IOUs for State Tax Refunds, possibly to vendors as well.
2. Potential CONFISCATION of your IRA’s and other Retirement Plans including corporate into the Federal Social Security Funds.
This would impact two bird with one stone.
One of those birds is the turkeys with IRAs or any type of retirement program that neither you nor your family will ever get to spend (buying power wise).
The other bird is the Czar of the centrally planned government who then sits in the Cat Bird Seat of Financial Power now able to count and direct your hard earned retirement dollars.
Since the Fed has become the largest "wild-ass" hedge fund due to its recently acquired assets, why not become the Social Security Fund with all your IRAs and corporate retirement accounts full of OTC derivatives? Maybe Madoff can be recruited from a Federal airbase infirmary to run the new Social Insecurity Hedge Fund.
It will happen, sorry!
Maybe Lenin will turn out to be the world’s greatest economist and political philosopher if measured by new governments adopting his programmed and planned economy.
I am my own retirement program because like Harry Schultz we will never retire. Both of us would rather burn out than rust out.
California may delay tax refunds amid budget impasse
With Gov. Arnold Schwarzenegger’s veto of Democrats’ $18-billion package of tax hikes and cuts, the state could begin issuing IOUs as soon as Feb. 1. GOP legislators join a suit against the package.
By Jordan Rau and Evan Halper
January 7, 2009
Reporting from Sacramento — State officials on Tuesday braced for the possibility of delaying tax refunds to millions of Californians, along with student grants and payments to vendors, as the latest round of budget negotiations between Gov. Arnold Schwarzenegger and Democratic legislators collapsed.
With little more than a month’s worth of cash left in the state treasury, the governor and lawmakers have been unable to agree on how to erase a budget gap projected to reach $41.6 billion by the middle of next year. Democrats announced Tuesday that two weeks of discussions had ended in an impasse and sent Schwarzenegger the $18-billion fiscal package they passed last month. The governor vetoed it, as he had promised to do.
Jim Sinclair’s Commentary
Not every such incident is as it appears or is reported, especially when this gets around to the nerd Hedge Fund Managers who specialize in destruction, believing all stories of violence are only on prime time TV. Want to borrow some of my rage? I have plenty to spare.
German billionaire kills self, family says
updated 9:54 p.m. EST, Tue January 6, 2009
(CNN) — German billionaire Adolf Merckle, one of the richest men in the world, committed suicide Monday after his business empire got into trouble in the wake of the international financial crisis, Merckle’s family said Tuesday in a statement.
Merckle, 74, was hit by a train in the southwestern town of Ulm, police said.
His family said the economic crisis had "broken" Merckle.
He was number 94 on the Forbes list of the world’s richest people. He had fallen from number 44 on the Forbes 2007 rich list as his fortune declined from $12.8 billion to $9.2 billion in 2008.
Merckle’s business empire included interests as diverse as cement-maker HeidelbergCement and generic drug-maker Ratiopharm. But he lost hundreds of millions of dollars, including company capital, betting against Volkswagen stock last year.
The state government of Baden-Wuerttemberg rejected his petition for financial assistance, and he entered bailout talks with several German banks.
Jim Sinclair’s Commentary
Pakistan is now considered the Greatest threat the US has.
Hadley: Pakistan Poses Biggest Threat to the US
Wall Street Journal – USA
By JOHN D. MCKINNON WASHINGTON — The biggest foreign policy challenge awaiting President-elect Barack Obama’s is not Iraq or Afghanistan but Pakistan, …
Bush adviser: Iran, Pakistan key Obama challenges
The Associated Press
Outside the Mideast, the next administration’s top priority should be stabilizing an increasingly volatilePakistan, Stephen Hadley said. …
Pakistan indignant over India accusation
Houston Chronicle – United States
ISLAMABAD, PAKISTAN — Pakistan on Tuesday forcefully denied a suggestion by India’s prime minister that official Pakistani agencies were involved in …
Pakistan rejects India ‘propaganda’
Aljazeera.net – Qatar
Pakistan has rejected as "propaganda" comments by India’s prime minister that Pakistani authorities must have know about and supported last November’s …
Pakistan demands access to Mumbai crime scene
Daily Times – Lahore,Pakistan
Talking to reporters in Islamabad, she asked India to stop the ‘blame game’ and cooperate with Pakistan against terrorism. India had admitted that Pakistan …
Pakistan calls for foreign support, not troops
The Associated Press
KABUL, Afghanistan (AP) — Pakistan’s president called Tuesday for foreign allies to provide more support — not more troops — to help win the battle against …
