Dear CIGAs,

Happy Valentine’s Day!

It is major hunker down time.

Jim Sinclair’s Commentary

As you ponder this keep in mind the significant error of "Bring em on."

Remember:
1. Israel makes a serious miscalculation.
2. Pakistan goes nuclear.
3. Turkey is a victim.
4. It is now January 14th, 2011

U.S. missile strike kills 25 militants in Pakistan

By Hafiz Wazir

A U.S. missile attack killed at least 25 al Qaeda-linked militants in a Pakistani tribal region on Saturday, security and Taliban officials said, the highest death toll of militants in a single such strike.

The strike by pilotless drones in the South Waziristan region on the Afghan border was the third such attack since U.S. President Barack Obama took office last month and could ignite fresh popular anger in Pakistan over the cross-border raids from Afghanistan.

The Taliban official said those killed were mostly Uzbek fighters.

"Our people have informed us that at least 25 people were killed. It could be more," the official told Reuters. A resident, who spoke on condition of anonymity for security reasons, said 25 to 30 people were killed.

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Jim Sinclair’s Commentary

You really accept the media line that the problems of the US dollar are less than other national currencies? Come on, you have bought the spin. Wake up!

Federal obligations exceed world GDP
Does $65.5 trillion terrify anyone yet?
Posted: February 13, 2009 11:35 pm Eastern
By Jerome R. Corsi

As the Obama administration pushes through Congress its $800 billion deficit-spending economic stimulus plan, the American public is largely unaware that the true deficit of the federal government already is measured in trillions of dollars, and in fact its $65.5 trillion in total obligations exceeds the gross domestic product of the world.

The total U.S. obligations, including Social Security and Medicare benefits to be paid in the future, effectively have placed the U.S. government in bankruptcy, even before new continuing social welfare obligation embedded in the massive spending plan are taken into account.

The real 2008 federal budget deficit was $5.1 trillion, not the $455 billion previously reported by the Congressional Budget Office,according to the "2008 Financial Report of the United States Government" as released by the U.S. Department of Treasury.

The difference between the $455 billion "official" budget deficit numbers and the $5.1 trillion budget deficit cited by "2008 Financial Report of the United States Government" is that the official budget deficit is calculated on a cash basis, where all tax receipts, including Social Security tax receipts, are used to pay government liabilities as they occur.

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Jim Sinclair’s Commentary

Dean Harry Schultz advises that the gold gang take delivery of Comex gold out of Comex warehouse. Team work, that is the key.

Dean Harry Schultz advises us all to keep our eye on the ball and if we wish to succeed in 2009 it is simple.

Stay focused on your job:

Aim for greater heights:

Largest Tax Increase in USA History Proposed by Oregan State Government

Excise Tax on Beer to rise 1900%

Cost of one barrel of beer to be taxed $49.

Oregon maintains the increase in the beer excise tax is necessitated by the cost of assisting those that suffer from alcoholism and attendant matters.

Oregon your nose grows, your nose grows. This is a direct hit on Joe Six to pay for the Madoffs of the world. Where is your rage?

The Economy’s Affect on NASCAR

The Daytona Cup Series race tickets have been reduced in price. All testing has been banned off season. Famous teams have been sold.

There has been a reduction in the sales of NASCAR goodies.

God help us if the NASCAR gang hears about the Oregon beer tax.

Google Latitude

Soon new services for the clients of Google will allow you to locate the exact position of anyone you have the cell number for 24 hours a day, .

Jim Sinclair’s Commentary

Legislation watch:

Mr. Hastings of Florida introduced the following bill on January 22, 2009:

*Text of H.R. 645: To direct he Secretary of Homeland Security to establish national emergency centers on military…

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Jim Sinclair’s Commentary

Here is the flawed Time list in order of responsibility:

Time Magazine’s List 25 People to Blame for Financial Crisis…

1. Angelo Mozilo – Co-founder and former head of Countrywide
2. Phil Gramm – Chairman of the Senate Banking Committee from 1995 through 2000
3. Alan Greenspan – Former chairman, Federal Reserve
4. Chris Cox – Former chairman, Securities and Exchange Commission
5. American Consumers
6. Hank Paulson – Former Secretary of the Treasury
7. Joe Cassano – Founding member, AIG’s financial-products unit
8. Ian McCarthy – CEO, Beazer Homes
9. Frank Raines – Former chairman and CEO, Fannie Mae
10. Kathleen Corbet – Former CEO, Standard & Poor’s
11. Dick Fuld – Former CEO, Lehman Brothers
12. Marion and Herb Sandler – Former heads, World Savings Bank
13. Bill Clinton – Former U.S. President
14. George W. Bush – Former U.S. President
15. Stan O’Neal – Former CEO, Merrill Lynch
16. Wen Jiabao – Premier, China
17. David Lereah – Former chief economist, National Association of Realtors
18. John Devaney – Hedge fund manager
19. Bernie Madoff – Ponzi scheme orchestrator
20. Lew Ranieri – Father of mortgage-backed securities
21. Burton Jablin – Programmer at Scripps Networks, which owns HGTV
22. Fred Goodwin – Former chairman and CEO, Royal Bank of Scotland
23. Sandy Weill – Former chairman and CEO, Citigroup
24. David Oddsson – Former Prime Minister, Iceland
25. Jimmy Cayne – Former chairman and CEO, Bear Stearns

The worst economic turmoil since the Great Depression is not a natural phenomenon but a man-made disaster in which we all played a part. In the second part of a week-long series looking behind the slump, Guardian City editor Julia Finch picks out the individuals who have led us into the current crisis.

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Jim Sinclair’s Commentary

This is a major component of the January 14th, 2011 event.

Taliban is in "huge" amounts of Pakistan – Zardari
Fri Feb 13, 2009 5:39pm EST

NEW YORK, Feb 13 (Reuters) – The Taliban has established itself across a large part of Pakistan, forcing the country to fight a war against the hardline Islamist group that is about Pakistan’s own survival, President Asif Zardari told CBS News.

"(The Taliban) do have a presence in huge amounts of land in our side. Yes, that is the fact," Zardari told "60 Minutes" in an interview to be broadcast on Sunday, excerpts of which were released on Friday.

U.S. President Barack Obama said this week there was no doubt terrorists were operating in safe havens in the tribal regions of Pakistan, and the United States wanted to make sure Islamabad was a strong ally in fighting that threat.

Obama and Zardari spoke by telephone on Wednesday, the Pakistani foreign ministry said. The two discussed the surge in violence by al Qaeda and the Taliban, which has stepped up its insurgency against U.S. forces and the Afghan government.

Zardari said Pakistan had been in denial about the Taliban in the past. "Our forces weren’t increased … . We have weaknesses and they are taking advantage of that weakness," he said.

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Jim Sinclair’s Commentary

"As goes Motors so goes the US" is as true now as it was in the 50s.

GM considering Chapter 11 filing, new company: report

CHICAGO (Reuters) – General Motors Corp, nearing a Tuesday deadline to present a viability plan to the U.S. government, is considering as one option a Chapter 11 bankruptcy filing that would create a new company, the Wall Street Journal said in its Saturday edition.

"One plan includes a Chapter 11 filing that would assemble all of GM’s viable assets, including some U.S. brands and international operations, into a new company," the newspaper said. "The undesirable assets would be liquidated or sold under protection of a bankruptcy court. Contracts with bondholders, unions, dealers and suppliers would also be reworked."

Citing "people familiar with the matter," the story said that GM could also ask for additional government funds to stave off a bankruptcy filing.

GM declined to comment, the story said.

General Motors and Chrysler LLC face a Tuesday deadline to file restructuring plans to the government in exchange for receiving $17.4 billion in federal loans.

Automakers have struggled as U.S. auto sales have tumbled amid a recessionary economy. U.S. auto sales in January tumbled to a 27-year low.

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Jim Sinclair’s Commentary

There are ramifications to fraud that will not go away.

Retired UK Veteran Kills Himself Over Madoff Losses

A retired British Army major has killed himself after losing his life savings to the Bernie Madoff Ponzi scheme.

Just before Christmas Rene-Thierry Magon de la Villehuchet, a hedge fund manager, committed suicide after his fund lost $1.4 billion to Madoff.

William Foxton, 65, who retired last November had invested his entire savings in the Herald USA Fund and Herald Luxemburg Fund, both of which suffered hundreds of millions in losses as a result of Madoff’s Ponzi scheme.

Last Tuesday, he left his Southampton home and walked to a park, where, sitting on a bench, he shot himself in the head with a pistol.

Foxton’s son, Willard, 28, told the Times Online:

"I think it’s disgusting that Bernie Madoff is sitting in his New York property, thinking that all he did was steal money, when, in fact, what he was really doing was ruining lives.

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