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Here is a comment from one of our followers and readers of the Miles Franklin newsletter:

Mr. Schectman,

Re: Your article today regarding your reputation.

Miles Franklin is the best overall economic resource on earth. That statement is from someone who reads the information daily from those who’s links you provide and comment on, who are excellent also, and many others as well.

What sets you folks at Miles Franklin apart from them is the broad spectrum of information in the shortest possible space and the brilliant people, yourself, Holter and Hoffman who have a good handle on the “BIG picture.” And you don’t really do it for money. You do it to serve others.

So, you must know who you really are. Anyone involved in economics or PM’s who doesn’t follow your newsletter is, well, foolish to put it bluntly. As well, your sales staff, particularly Joel Kravitz, will provide the very best PM value to anyone on earth.

So, take that input for what it is worth sir, and have a pleasant weekend. We will read from you Monday when you folks connect all the dots for us.

Thank you and your staff, for all you do for us. It is greatly appreciated.

Here is my response:

Thank you for your most kind email.  It wasn’t by accident that I brought Bill Holter and Andy Hoffman to Miles Franklin.  Their writing styles are completely different but between the two, I believe we connect with anyone interested in common sense, up to date information on precious metals and original thinking.  I do my small part too, but have basically passed the reigns onto Andy and Bill.

I agree with you that anyone who is interested in the economy, the dollar and precious metals would be well served to read our daily newsletter – especially since we don’t charge for it.  But, you can’t please everyone.  That said, I am glad that we please you.  Comments like yours make it all worthwhile for us.

Best of everything

Jim Sinclair predicts that the bottom in gold is definitely in and gold could hit $1,550 this summer and $1900 – $2,000 is in its sights in 2014.  Silver is gold on steroids.  It goes up faster when gold is rising and it falls harder when gold is correcting.  New highs will be achieved in silver in 2014.

Russia has the power to throw the U.S. economy into chaos and crash the stock market by simply accepting payment for their gas and oil in any currency, not just dollars.  That would be the beginning of the end of the petro dollar, which is all that supports the U.S. dollar.  We have gone to war over the petro dollar – think Libya and Iraq.  This is a very dangerous game our politicians are playing.

Listen to Sinclair’s comments in his latest interview with Greg Hunter, below.  Don’t miss it!

In The News Today – www.jsmineset.com

Posted June 13th, 2014 at 11:49 AM (CST) by Jim Sinclair

Jim Sinclair: Russia Can Collapse US Economy, Gold Update, Silver is Gold on Steroids & More
Jim Sinclair’s Commentary

Each step towards the Ruble and Chinese currency is a step away from the US dollar.

Russian companies prepare to pay for trade in renminbi – www.cnbc.com

By Jack Farchy and Kathrin HilleAuthor alerts

Russian companies are preparing to switch contracts to renminbi and other Asian currencies amid fears that western sanctions may freeze them out of the US dollar market, according to two top bankers.

“Over the last few weeks there has been a significant interest in the market from large Russian corporations to start using various products in renminbi and other Asian currencies and to set up accounts in Asian locations,” Pavel Teplukhin, head of Deutsche Bank in Russia, told the Financial Times.

Andrei Kostin, chief executive of state bank VTB, said that expanding the use of non-dollar currencies was one of the bank’s “main tasks”.

“Given the extent of our bilateral trade with China, developing the use of settlements in roubles and yuan [renminbi] is a priority on the agenda, and so we are working on it now,” he told Russia’s President Vladimir Putin during a briefing. “Since May, we have been carrying out this work.”

The move to open accounts to trade in renminbi, Hong Kong dollars or Singapore dollars highlights Russia’s attempt to pivot towards Asia as its relations with Europe become strained.

Sanctions are pushing Russian companies to reduce their dependence on western financial markets while US and European banks have dramatically slowed their lending activity in Russia since the annexation of Crimea in March.

Continue reading on CNBC.com.

I’m fed up and can’t remain silent any longer.  Today I am getting “political.”  This administration’s domestic and foreign policy is a failure.  The system is now geared toward those who are on the dole and want a free ride.  Of course it is – that’s where the votes are.  I worry for my grandchildren.  My oldest just graduated from the University of Missouri and her sister graduated with high academic honors from high school and is headed off this fall to the University of Wisconsin at Madison.  They are great kids; very bright and well grounded.  I believe they will succeed, but their road to prosperity will be filled with so many obstacles (the economy, taxes, loss of privacy, envy) it will be very difficult for them to achieve the life style and unlimited opportunities that were available to my generation.  For most of the kids, hard work will not be enough now.  Only the lucky ones, those with great contacts and the best of the best will separate themselves from the pack.  The Land of Opportunity has become The Land of the Handouts.

Check out the following political essay.  It sums it all up… It’s been out there for a while, but if you haven’t read it, you should.  It is as meaningful today as it was after the last election.  After all, there is another election just a year and a half away.  Can we change things?  It’s tough to beat “the numbers.”

The Decline and Fall of the American Empire – rabbipruzansky.com

Posted on November 7, 2012

“The most charitable way of explaining the   election results of 2012 is that Americans voted for the status quo – for the incumbent President and for a divided Congress. They must enjoy gridlock, partisanship, incompetence, economic stagnation and avoidance of responsibility. And fewer people voted.

But as we awake from the nightmare, it is important to eschew the facile explanations for the Romney defeat that will prevail among the chattering classes. Romney did not lose because of the effects of Hurricane Sandy that devastated this area, nor did he lose because he ran a poor campaign, nor did he lose because the Republicans could have chosen better candidates, nor did he lose because Obama benefited from a slight uptick in the economy due to the business cycle.

Romney lost because he didn’t get enough votes to   win.

That might seem obvious, but not for the obvious reasons. Romney   lost because the conservative virtues – the traditional American virtues – of liberty, hard work, free enterprise, private initiative and aspirations to moral greatness – no longer inspire or animate a majority of the electorate.

The simplest reason why Romney lost was because it is impossible to compete against free stuff.  Every businessman knows this; that is why the “loss leader” or the giveaway is such a powerful marketing   tool. Obama’s America is one in which free stuff is given away: the adults among the 47,000,000 on food stamps clearly recognized for whom they should vote, and so they did, by the tens of millions; those who – courtesy of Obama – receive two full years of unemployment benefits (which, of course, both disincentivizes looking for work and also motivates people to work off the books while collecting their windfall) surely know for whom to vote. The lure of free stuff is irresistible.

Continue reading on rabbipruzansky.com.