An email from AH you might be interested in reading:

[swordfish168]

portrush posted this on another board earlier today

best, mike




I received the following from AH this afternoon.


As most of you are aware, I represent Mr. Michael C. Cottrell who will be responsible, under the Gold Treaty, to implement the U.S. Dollar Refunding Project. In the course of such representation we of course engage in a continuing colloquy. Today, in hopes of shedding some further light on what is occurring in the background, I want to share a few items with you:


1. Very early this morning I received another inquiry [there have been hundreds of similar] to the effect of “…Shouldn’t we shareholders (and others) be DOING something?” These are normally received in the obvious context of assisting and hastening the denouement of ER, the WGS and the GRC. I again posited this to Mr. Cottrell, who responded as follows:

THE MOSCOW AGREEMENTS SIGNED IN AUGUST 2013 GAVE BOTH CHINA AND RUSSIA (PUTIN) A WIDE RANGE OF DRACONIAN ACTIONS THAT COULD BE TAKEN IF THE RATS, et al., BALKED OR REFUSED TO IMPLEMENT THE GOLD TREATY.

SINCE AUGUST 2015, WE HAVE SEEN CHINA TAKE DIRECTED ACTION TO DAMAGE AND DESTROY THE FIAT/DERIVATIVE MARKET BY ATTACKING THE CURRENCY VALUATION OF THE FIAT USD AND EURO BY REDUCING THE VALUE OF THE YUAN AND PACKING AS MUCH (USD/EURO) DEBT INTO THEIR MARKETS WHICH ARE ALSO EXPOSED TO THE WESTERN SECURITIES MARKETS.

THIS ACTION HAS PLACED ALL FIAT BASED MARKETS ON A VERY SLIPPERY SLOPE, SINCE CHINA NOW ONLY HAS TO MAKE A SLIGHT MOVE --- AND LET PANIC DO THE REST. THAT IS WHAT WE ARE SEEING NOW --- FOR THE LAST FOUR DAYS.

IT IS MY OPINION, THAT THE MARKETS WILL MELT DOWN BY THE BEGINNING OF NEXT WEEK OR SOONER....SINCE THE WESTERN MARKETS HAVE NO RECOURSE OR METHOD TO STABLIZE THE LOWERING OF THE MARK-TO-MARKET PRICING, e.g., OIL IS CONTINUING TO FALL [BELOW $33 USD TODAY] AND WILL GO LOWER. THIS DESTABLIZES THE VALUATIONS OF THE FINANCIAL INSTITUTIONS’ PORTFOLIOS MARK-TO-MARKET PRICING. ERGO, THESE PORTFOLIO VALUES WILL CONTINUE TO DECLINE TOWARD ZERO ON A STEEP SLOPE ---- UNTIL THEY HIT THE WALL OF BANKRUPTCY, AND THE DISSOLUTION OF DERIVATIVE FINANCIAL INSTRUMENTS.

IN OTHER WORDS, WE HAVE STARTED THE FIGHT ----CHINA AND PUTIN ARE FINISHING THE WAR.

IN MY OPINION, WE WHO, WITH A LOT OF HELP FROM OUR FRIENDS, HAVE STARTED THE FIGHT, NOW NEED TO STAY OUT OF THE GIANT'S SANDBOX UNTIL THE BLOOD IS CLEANED UP---- VIA THE IMPLEMENTATION OF THE GOLD TREATY AND THE RELEASE OF THE GOLD-BACKED REPUBLIC TREASURY NOTE.


2. This afternoon I forwarded to him a news item entitled “Israel paid GOP senator $1M to sabotage Iran accord” [see: www.presstv.ir/Detail/2016/01/07/444823/iran-nuclear-jcpoa-us-israel-netanyahu-gop-us-congress/ ] to which he replied as follows:

THESE ARE THE RATS THAT I HAVE BEEN TALKING ABOUT..

THIS SENATOR SHOULD BE TAKEN OUT AND HANGED ON THE CAPITAL LAWN.....FOR ALL TO SEE WHAT A RAT LOOKS LIKE.

MCC

The import of these two items is simply to advise you that things are proceeding in the background, enormous progress has been made to date, and many if not most of the RATS have been identified [and are being dealt with]. The cracks in the public financial system are there for all to see, and we are now just on the threshold of the heavily constrained main- stream-media joining in. IMO, wide public visibility and our denouement is just around the bend. My advice - sit back for a week or so and watch the fireworks.


Blessings to all,

Al Hodges


A.Clifton Hodges (CSBN 046803)

HODGES AND ASSOCIATES, PLC

4510 E. Thousand Oaks Blvd., Suite 201

Westlake Village, CA 91362

TEL: [phone]

FAX: [phone]

E-Mail: [e-mail]

__________

Priveleged/Confidential Information may be contained in this message. If you are not the indicated addressee, or responsible for delivery of the message to such person, you may not copy or deliver this message to anyone. In such case, you should destroy this message and notify the sender by reply email. Please advise immediately if you or your employer do not consent to internet email for messages of this kind.

[skoondog]

I talk to MR. Cottrell yesterday and in his own words he said kill them. LOL he did not sound happy, and he sounded tired. He is very upset, and short on comments.
I understand how he feels, and I support his comments. I know we all are very tired of all this crap, and we want it to come to an end. Soon!!!!


Skoondog

[John Winston Lennon O'Boogie]

World could face months of Chinese market aftershocks

.

Associated Press
By JOE McDONALD
12 hours ago


BEIJING (AP) — The latest trigger was currency jitters, but Thursday's plunge in Chinese stocks was just one in a series of aftershocks from last year's boom and bust that could shake markets for months to come.




Investor anxiety over economic weakness and a possible glut of unwanted shares flooding the market have complicated Beijing's efforts to withdraw emergency controls imposed after Chinese stock prices collapsed in June.

On Thursday, trading halted for the day after a stock index fell 7 percent a half-hour into the trading day. It was this week's second daylong suspension after a plunge in prices Monday tripped the same "circuit breakers" that were introduced Jan. 1.

Regulators suspended use of the "circuit breaker" effective Friday after economists warned it might be adding to volatility. They said trading was halted to often and the mechanism accelerated declines by encouraging investors to sell quickly before they were locked out. According to IHS, the mechanism would have been tripped 20 times if it had been in place in the final quarter of 2015.

The benchmark Shanghai Composite Index more than doubled between late 2014 and June, then dived 30 percent. Supported by a multibillion-dollar government intervention, the market rose almost 25 percent in the final months of 2015, only to collapse in the new year. That left the main index down 15 percent from its December peak.

Wild price swings could continue through the first half of this year, according to financial analysts. Even after the latest declines, the Shanghai index is up 36 percent from October 2014.





The turmoil in China triggered a sell-off in Asian and Western stocks. Beijing keeps its markets sealed off from global capital flows, but due to the vast size of China's economy, foreign investors watch them closely and react to volatility.

"The market still is trying to find a bottom, and that takes time," said Chen Yong, a strategist at Lianxun Securities. "The key is to be able to resume normal daily trading, and during that time volatility is inevitable."

The upheaval disrupted the ruling Communist Party's plans to use the stock markets as a tool to make China's state-dominated economy more competitive and productive.

Economic growth fell to a six-year low of 6.9 percent in the July-September quarter and is forecast by the International Monetary Fund to decline further to 6.3 percent this year. Monday's stock price plunged was triggered by surveys that showed manufacturing in December was weaker than expected.

The latest bout of selling was fueled by concern Beijing is letting China's yuan weaken too fast against the dollar.


The yuan, also known as the renminbi, has drifted down by 6 percent against the U.S. currency since the central bank adopted a mechanism in August it said would make the state-set exchange rate more market-oriented.

The yuan's link to the dollar meant it soared as the U.S. currency climbed over the past year, making it overvalued by 10 to 15 percent against those of other developing countries. But the prospect Beijing would close such a large gap fueled fears it might lead to an outflow of capital, weakening China's economy and reducing the supply of money to support share prices.

Thursday's exchange rate of 6.5646 yuan to the dollar was the lowest since March 2011.

"The government hopes to see the yuan depreciate to stimulate exports and the economy, but the speed of depreciation went too fast," said analyst Zhang Gang of Central China Securities.

The White House said the U.S. was closely monitoring China's currency. White House spokesman Josh Earnest said the U.S. approach to the uncertainty was to continue pressing China to speed up the pace of economic reforms he said would benefit China long-term and help the global economy.


Investors also were skittish about the impending end Thursday of a six-month ban on share sales by any stockholder who owns more than 5 percent of a company, according to Zhang.

Regulators tried to head off such concern by announcing earlier in the week major shareholders could sell only in private transactions to avoid flooding the market. After Thursday's market plunge, the securities agency tightened that restriction by saying they can unload only the equivalent of 1 percent of a company's shares over the next three months.

"Additional volatility in China's stock market remains almost certain in the first half of 2016," said economist Brian Jackson of IHS Global Insight in a report. "China's stock market reform will remain a messy affair."

Chinese leaders encouraged novice investors to pile into stocks beginning in late 2014. They wanted to raise money for state companies to pay down heavy debt loads and become profit-oriented and competitive. Communist planners also hoped investing would help families save for retirement, easing the pressure on Beijing to pay for pensions and health care.

Those plans went wrong when markets soared faster than Beijing wanted. By May, state media that cheered on higher prices started to mix in appeals for investors to act prudently.

After prices plunged in June, the government banned sales by big shareholders, ordered state companies to buy stock, cut interest rates and canceled initial public offerings.

The government has yet to say what its intervention cost, but Goldman Sachs has estimated state entities spent 860 billion-900 billion yuan ($135 billion-$140 billion) to buy shares in June and July.

___

AP researchers Yu Bing in Beijing and Fu Ting in Shanghai and writer Josh Lederman in Washington contributed.


finance.yahoo.com/news/world-could-face-months-chinese-market-aftershocks-102030921.html#

[gabbyhayes]

All of the news shows this morning are saying the same thing…China just doesn't have the experience of running markets and are stumbling around in the dark and bumping into walls…so I would have to agree with the above and that it may take some time for China to get it right and sort out this big mess….imo…………….

[gabbyhayes]

Unless..this melt down is sham and an excuse to later usher in a gold backed currency…..hmmmm….imo

[vulcanized crawler]

gold, silver, bitcoin and God.

[imSINGLEruRICH]

Thanks for sharing.....
And as always.... AH is still here voicing his support.... to the shareholders.
Encouragement & hope accepted...

It ain't over until it is over !!

Kudos
SINGLE

[imSINGLEruRICH]

gmbudwrench
DIAMOND JEDI WARLOR
yesterday at 12:17pm via mobile diamondcg, portrush and 2 more like this.
Post by gmbudwrench on yesterday at 12:17pm

Nobody would believe me if I tried to explain the CMKX saga. It sounds unbelievable to someone on outside. The things I've learned so much and saddened with the way the world really operates. Some think Al is a little out there but folks need to listen. The world we thought we grew up in, is not what it appeared to be. Some truths I've found out is best left unsaid.

[vulcanized crawler]

oh so very true. transparency was opaque

[mygirlwantsarock]

investmenthingychblog.com/china-orders-banks-to-stop-purchasing-u-s-dollars/

And China begins the final phase in earnest

D Dan

[imSINGLEruRICH]

RoughCut
DIAMOND JEDI WARLORD
Post by RoughCut on Jan 10, 2016 at 1:15am

Al Hodges said in his email to Port on Thurs and the lead item in this thread---"we are now just on the threshold of the heavily constrained main- stream-media joining in". The below is from the CNBC website.
www.cnbc.com/id/103288395?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=103288395

The investor who predicted the dollar's bull market warns that something "massive" is happening in the economy, and few people see it coming.

and this:
www.cnbc.com/2016/01/09/sp-500-in-a-world-of-pain-so-sell-any-rally-technician.html





vinman28
DIAMOND JEDI
Jan 11, 2016 at 2:42pm medicalpete, mightymouse and 1 more like this.
Post by vinman28 on Jan 11, 2016 at 2:42pm

AH did say we would see a meltdown of the markets and we have not gone there yet but something out of the norm seems to be happening and if this continues this week I must say he would hit the nail right on the head. Its unfortunate to see the market down over the lat 2 weeks but if this is what has to happen for us to collect then so be it. AH should give us another update and continue this long overdue need for news to shareholders. Hope he does not leave us hanging for an update in the next few weeks. His email has everyone including myself that maybe this thing is really coming to an end.

[imSINGLEruRICH]

.
21 hours ago edgeof2015 said:

Markets around the world CRASHING again today.
OIL now BELOW $30. The Hodges/Cottrell update
still going according to forecast.

Martin Armstrong says IF DOW closes below 16000 end of JAN,
then look for move down to 12870-13000 area this year.

[mygirlwantsarock]

www.zerohedge.com/news/2016-01-16/exclusive-dallas-fed-quietly-suspends-energy-mark-market-tells-banks-not-force-shale

Kudos to Big Al this week. China was easy to see but real nice call on the oil mark to market. Market was not talking about this one publically that I am aware of

D Dan

[mygirlwantsarock]

www.zerohedge.com/news/2016-01-17/us-bank-counterparty-risk-soars-after-energy-mtm-debacle

A little more about the oil mark to market suppression. What has gone unnoticed is the energy companies will be forced to sell assets instead of the business as usual write-downs followed by bail-outs. Big shift in how business is done. Credit swaps as hedges are blowing up with the continued deterioration on oil prices. It is the controlled demolition of the old system into the new and an attempt at an orderly unwind as possible will be made. The contagion needs to be kept in check as much as possible thru the unwind. The era of TBTF is officially over.

www.thefiscaltimes.com/latestnews/2015/11/30/Fed-take-too-big-fail-emergency-lending-curb

Limits were placed on the FED Reserve this past November on its bail-out powers which are now formally implemented. Bye bye TBTF.

www.reuters.com/article/us-fed-banks-livingwills-idUSKCN0UT1ZB

As the link above shows, over 120 financial institutions labeled as SIFI (Systematically Important Financial Institutions AKA
"TBTF") submitted their "living wills" this past Friday. Please note some institutions had until July 1st for submission but were pushed to move it up to Jan 15th. Living wills are the TBTF structured bankruptcy plans. If regulators disagree with the plans they may begin to carve up the institution. The disgraceful repeal of Glass-Steagall is about to be rectified.

www.zerohedge.com/news/2016-01-17/iran-unleashes-oil-flood-will-quintuple-crude-revenue-2016

On Friday, sanctions on Iran were lifted and Iran will now flood the market with oil. Barring a geopolitical event to force oil up, I will venture a guess oil will move below $10 a barrel as the oil flood continues, causing credit swaps/derivatives to implode at an even more accelerated pace, hence the need for suppression of the mark to market while financial institutions go thru restructuring before bonds go BOOM.

D Dan

[swordfish168]

Jan 17, 2016 18:39:55 GMT -5 mygirlwantsarock said:

www.zerohedge.com/news/2016-01-17/us-bank-counterparty-risk-soars-after-energy-mtm-debacle

A little more about the oil mark to market suppression. What has gone unnoticed is the energy companies will be forced to sell assets instead of the business as usual write-downs followed by bail-outs. Big shift in how business is done. Credit swaps as hedges are blowing up with the continued deterioration on oil prices. It is the controlled demolition of the old system into the new and an attempt at an orderly unwind as possible will be made. The contagion needs to be kept in check as much as possible thru the unwind. The era of TBTF is officially over.

www.thefiscaltimes.com/latestnews/2015/11/30/Fed-take-too-big-fail-emergency-lending-curb

Limits were placed on the FED Reserve this past November on its bail-out powers which are now formally implemented. Bye bye TBTF.

www.reuters.com/article/us-fed-banks-livingwills-idUSKCN0UT1ZB

As the link above shows, over 120 financial institutions labeled as SIFI (Systematically Important Financial Institutions AKA
"TBTF") submitted their "living wills" this past Friday. Please note some institutions had until July 1st for submission but were pushed to move it up to Jan 15th. Living wills are the TBTF structured bankruptcy plans. If regulators disagree with the plans they may begin to carve up the institution. The disgraceful repeal of Glass-Steagall is about to be rectified.

www.zerohedge.com/news/2016-01-17/iran-unleashes-oil-flood-will-quintuple-crude-revenue-2016

On Friday, sanctions on Iran were lifted and Iran will now flood the market with oil. Barring a geopolitical event to force oil up, I will venture a guess oil will move below $10 a barrel as the oil flood continues, causing credit swaps/derivatives to implode at an even more accelerated pace, hence the need for suppression of the mark to market while financial institutions go thru restructuring before bonds go BOOM.

D Dan

On Friday, sanctions on Iran were lifted and Iran will now flood the market with oil. Barring a geopolitical event to force oil up, I will venture a guess oil will move below $10 a barrel as the oil flood continues, causing credit swaps/derivatives to implode at an even more accelerated pace, hence the need for suppression of the mark to market while financial institutions go thru restructuring before bonds go BOOM.

D Dan



will move below $10 a barrel


that will NEVER happen

Mike