Jim Sinclair warns again!

[EE_]

Jim's warnings keep getting more urgent. He sees something coming.


Get Out Of The System For Your Own Sake
Posted June 3rd, 2013 at 5:17 PM (CST) by Jim Sinclair & filed under General Editorial.

My Dear Extended Family,

For your sake get out of the system. You are being told daily what is going to happen to you but 99.9% of even my friends are in freeze frame and doing not much of anything.

I am doing everything a man can do to help you but so many say, "so what?" Do not let the lower gold price fool you. It is intended to do just that.

Gold is going to and through $3500 in the not too distant future. Act now for your own sake.

Respectfully,
Jim

[Shami-Amourae]

How many times does this guy have to be wrong until we just ignore him?

[Nomoss]

Is he now? Will gold be $3500?
IF THEY like to be it will be.
And you know it!

[Shami-Amourae]

Is he now? Will gold be $3500?
IF THEY like to be it will be.
And you know it!

These Silver gurus keep making predictions which don't come true, over and over again. Yet we still listen to their crap: Not the people who are right, who are getting called shills.

The definition of insanity is doing something over and over again, expecting a different result.

[Ponce]

No matter what happens I am read for it.......be ready for all and afraid of none......if anyone worry to much about something is only because they are not cofortable with what they have.

V

[Serpo]

What short memories, Jim Sinclair was the ONLY one that said gold was going too $1650,years before it did.

[Nomoss]

You are point on Sir Ponce.
And think you for all your posts.
I like the links..
And as I say you don't know what don't know.
For YOU don't know what You don't.
You Know!

[mamboni]

Jim Sinclair is one of the good guys. He sticks his neck out for others - don't be so quick to discount that. How many wealthy people would even care to take the time to warn others and risk the animous of the power structure? Sure, he's off on the timing - so what. The timing is not important. What's important is the destination, and getting there intact.

[gunDriller]

to bet against Silver & Gold is to bet on Fiat - the US $.

it's true, in our corner of the world, there are a lot of Stephen Leeb's telling us "oh my God, silver/Gold is under-priced".


but i don't listen to Leeb :) don't care for his whiney Jewish voice.


as for Sinclair, i don't think he is motivated by greed, for himself or his family.

which would make him an atypical Jew.

he had $729,000,000 in his pocket after he sold his 900,000 ounces of Gold when it hit $810 back in '79-'80.

he's only gotten richer since then.

in the last few months, he's been having these meetings, warning of the imminent collapse of the financial system - bail-in's, etc.


the question is - why is he doing this ?

[BrewTech]

Jim Sinclair is one of the good guys. He sticks his neck out for others - don't be so quick to discount that. How many wealthy people would even care to take the time to warn others and risk the animous of the power structure? Sure, he's off on the timing - so what. The timing is not important. What's important is the destination, and getting there intact.

That's what bothers me... that dooom is coming and you'd better get ready!!

Doom is here. Been here for a while. I think it plans on hanging around.

Some days will be better, and some worse, and for some it will take them out of the game completely.

The new reality is firmly established.

THIS is your doom.

[Spectrism]

Telling the average hand-to-mouth working (or un-working) slob to prepare is like telling fish to anticipate a drought. If they had the capacity to understand, then what would they do?

[mamboni]

to bet against Silver & Gold is to bet on Fiat - the US $.

it's true, in our corner of the world, there are a lot of Stephen Leeb's telling us "oh my God, silver/Gold is under-priced".


but i don't listen to Leeb :) don't care for his whiney Jewish voice.


as for Sinclair, i don't think he is motivated by greed, for himself or his family.

which would make him an atypical Jew.

he had $729,000,000 in his pocket after he sold his 900,000 ounces of Gold when it hit $810 back in '79-'80.

he's only gotten richer since then.

in the last few months, he's been having these meetings, warning of the imminent collapse of the financial system - bail-in's, etc.


the question is - why is he doing this ?

Any man who surrounds himself with dogs can't be all bad.

At a certain basic level, all of us act out of self-interest. I am helpful to friends and neighbors, and to folk on this forum because deep down, I want the society I live in to survive and prosper. Everything we do that is positive is self-serving at a deep level. Sinclair is an old man with a lot more money than he will ever need. He doesn't have to travel around, talking to crowds, exposing himself to query and criticism. He could buy an island and live happily with the dogs and give a finger to the world if he chose to. He has no political aspirations and never has. So if it's not the money and not power seeking then what is it? Maybe, just maybe, he feels the compulsion to do something positive for the world at large, to contribute to the general welfare. Yes folks, some people actually are motivated by simple altruism. This is especially true for those who are much closer to the end than the beginning.

[mamboni]

Telling the average hand-to-mouth working (or un-working) slob to prepare is like telling fish to anticipate a drought. If they had the capacity to understand, then what would they do?

"'T'is better to light a single candle than to curse the darkness."

[EE_]

Any man who surrounds himself with dogs can't be all bad.

At a certain basic level, all of us act out of self-interest. I am helpful to friends and neighbors, and to folk on this forum because deep down, I want the society I live in to survive and prosper. Everything we do that is positive is self-serving at a deep level. Sinclair is an old man with a lot more money than he will ever need. He doesn't have to travel around, talking to crowds, exposing himself to query and criticism. He could buy an island and live happily with the dogs and give a finger to the world if he chose to. He has no political aspirations and never has. So if it's not the money and not power seeking then what is it? Maybe, just maybe, he feels the compulsion to do something positive for the world at large, to contribute to the general welfare. Yes folks, some people actually are motivated by simple altruism. This is especially true for those who are much closer to the end than the beginning.

Man, I was just thinking the same thing about dogs. I was just looking up about Jews not keeping dogs as pets...it seems to be common they don't.
I think dogs have a sense for bad people and I'm always leary of people my dogs don't like.

[gunDriller]

"'T'is better to light a single candle than to curse the darkness."

unless you have gasoline on your hands.

[pioneer]

the man is reaching the end of his life and quite literally he has blood on his hands. might be he's trying to adjust karma for during the last 11years. i told a friend about his trips all over the place to do these meetings. they suggested they were smoke screens for needing to do business under cover of altruistic presentations. look at the locations of the venues. the same friend suggested that the current fetish about dog this and dog that may be hidden in plan sight communications code for certain in the know, clued in types.

[Spectrism]

When I talk with people about real stuff, most don't want to know and try to shut me off. They have to go through some reality before they can begin to accept that reality is real.

To get out of the system for the commoner means giving up a retirement account, social security payments, job, home, and anything that is normal life. I think we will be pushed to a key point for deciding on this. To usher that in there will be increasing pressure. We are due for another push.... it will take many pushes to birth this monster.

[mamboni]

the man is reaching the end of his life and quite literally he has blood on his hands. might be he's trying to adjust karma for during the last 11years. i told a friend about his trips all over the place to do these meetings. they suggested they were smoke screens for needing to do business under cover of altruistic presentations. look at the locations of the venues. the same friend suggested that the current fetish about dog this and dog that may be hidden in plan sight communications code for certain in the know, clued in types.

Perhaps, but sometimes a cigar is just a cigar.

[gunDriller]

the man is reaching the end of his life and quite literally he has blood on his hands. might be he's trying to adjust karma for during the last 11years. i told a friend about his trips all over the place to do these meetings. they suggested they were smoke screens for needing to do business under cover of altruistic presentations. look at the locations of the venues. the same friend suggested that the current fetish about dog this and dog that may be hidden in plan sight communications code for certain in the know, clued in types.

it's true. Beefsteak knew about the history of the Tanzanian mines.

they stole the land from the local miners. in order to intimidate the locals, it's not like they just put nails in their tires. they literally buried miners alive.

that was the land Sinclair's company ended up buying.

i would like to see him discuss the history of his land & mines.


Zealous Jewish mining engineer - "if the buried miners have any gold fillings, it will increase our yield !"

[Hatha Sunahara]

I think what he means by getting out of the system is to cash in all the paper promises you own, and use that cash to buy gold or silver or something tangible.

People getting pensions from the system, or welfare of any kind can expect that to disappear, and will have only their non-system assets to sustain them. He might also be advocating a physical departure from the 'system' such as emigration.

I'm not aware of any other way to interpret his warning.


Hatha

[mamboni]

Sinclair's overriding point is that virtually all paper/electronic assets have been hypothecated, sometimes many many times, into a highly complex and leveraged financial system. Therefore, quite literally, if you don't hold it (i.e. stock certificate, bond) you might not really own it (when time comes to cash it out). This hypothecation was not as big of a concern years ago when the system was still growing organically and the derivatives structure hadn't grown as large as it is today. Now, derivatives have exploded to compensate for lack of organic growth (i.e. peak civilization) and income because of narrowed spreads, leverage has been abused, hypothecation has been expanded to unknown (absurd multiples) levels, and there is a severe shortage of collateral assets. When the nominal holders of these assets come to collect, there is going to be a real problem in how to unwind layers of hypothecation and leverage in an orderly fashion. Sinclair is telling us that it will not be orderly and people are going to lose alot, if not all of what they think they own vis-a-vis pensions, savings, and assets.

Got gold?

[gunDriller]

Now, derivatives have exploded to compensate for lack of organic growth (i.e. peak civilization) and income because of narrowed spreads, leverage has been abused, hypothecation has been expanded to unknown (absurd multiples) levels, and there is a severe shortage of collateral assets. When the nominal holders of these assets come to collect, there is going to be a real problem in how to unwind layers of hypothecation and leverage in an orderly fashion. Sinclair is telling us that it will not be orderly and people are going to lose alot, if not all of what they think they own vis-a-vis pensions, savings, and assets.

Got gold?


that's a good explanation.

i wonder if the re-hypothecator-in-Chief will turn out to be the US government.

the old, "Hey, YOU !! That money in your pocket ! That's ours, now ! You got a problem with it ? We'll put your name on a Terror-Watch List ?"

obviously kidding but unfortunately, there is precedent. i'm pretty sure i've read about 'Western' governments recently tapping into citizens' pension funds.


maybe the saying will be, "Got Gold ? If you do, don't tell anyone."


personally, i think that when Jim Puplava, John Mauldin etc. talk about their "informal cocktail-party/ financial conference "who here owns gold", informal poll.

the reason nobody raises their hand is because they're SMART ! some of them do own gold - they just have the street smarts not to talk about it in public.


"Gold ? What Gold ? I don't own any fvcking Gold ! I do, however, belong to a support group of boating accident survivors."

[gunDriller]

now Jim is talking about a black hole.

"The Black Hole In All Major and Some Minor Banks

Posted June 17th, 2013 at 6:15 AM (CST) by Jim Sinclair & filed under General Editorial.

My Dear Family,

I feel that I must explain to you where the black hole is in all major and some minor banks in North America and Euroland, but in private. I seek to help you and that would be impossible if I hurt the system."

http://www.jsmineset.com/

i think he sees a real weakness related to credit derivatives and bank viability. it's not just a 'buy gold' or 'buy my book' type seminar.

i wonder what his persistence with these seminars tells us about the "state of things". i sense that the 'take-away' is that Sinclair thinks we are close to another September 2008 type "domino effect" crisis, where we get another real-time example of counterparty risk.

[chud]

Jim Sinclair is one of the good guys. He sticks his neck out for others - don't be so quick to discount that. How many wealthy people would even care to take the time to warn others and risk the unimous of the power structure? Sure, he's off on the timing - so what. The timing is not important. What's important is the destination, and getting there intact.

+1, I think he's sincere and I appreciate him trying to warn others.
I'm surprised there is so much resistance here to what he is saying.

[osoab]

+1, I think he's sincere and I appreciate him trying to warn others.
I'm surprised there is so much resistance here to what he is saying.

You trust Seligman?

[Hatha Sunahara]

I trust Sinclair more than I trust the banks and the brokers. I've followed his advice as much as I can, and it has cost me a huge amount of money in taxes.

The only way you can be completely out of the system is to hold all your wealth in physical commodities, or land. Everything else is a promise written on a piece of paper. If you hold cash, its value will disappear with inflation.

Physical commodities and land can also be stolen from you. When you live in a kleptocracy, at some point you have to ask yourself how much effort you are willing to expend to keep the kleptocrats at bay. People can't imagine what is coming because it is so far out of their experience, and because most people are ignorant of history. Most people on this forum have done what they can to minimize damage to themselves from what's coming. Whatever damage is done to people in the crises to come will be with the blessings of the people in authority. The population has been taught by all the institutions for decades not to resist authority. I don't think Sinclair can imagine the kinds of abuses the authorities are going to pile up upon ordinary people. And they have hollow point bullets for people who aren't going to take those abuses.


Hatha

[old steel]

I have hollow point bullets too. ;D