Jim Sinclair: Light vs Darkness — When Is Now

• Light vs Darkness: When Is Now
  by Jim Sinclair, https://www.jsmineset.com/
  The Bank for International Settlements (BIS), just recently warned of the dire impact that is certain if any hawkish maneuvers by Powell, our newest genius at the Chair of the Federal Reserve.
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  Carstens, a former central banker, commented in the recent BIS report that the US dollar makes up at least 80% of all the letters of credit outstanding, which are the means of settlement of international trade contracts. Think about 80% of all trade contracts.
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  He went on to explain this subject’s danger without any question or doubt. He said, “Any dollar shortage among non-US banks could cripple international trade.” That is the Richard Russel’s Synthetic Dollar Short.”
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  Since the Synthetic Dollar Shortage that now exists is an enormous size, the Federal Reserve cannot act to reset the Federal Reserve’s balance sheet, nor can they drain reserves by any means whatsoever. Doing so would bring on a great economic/currency calamity without historical precedent. What is timing of when this might occur? We have told you it is “NOW.”
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  If Chairman Powell is a stealthy part of the Swamp dwellers wishing to see President Trump run out of Washington on a rail, all he needs to do is keep up what he says he intends to keep up. Even saying that has already affected the international dollar letter of credit conditions, as you can see in the recent dollar strength.
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