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Bill’s Commentary:
“This has been the playbook for years…”
3 Million Ounces of Gold and 28 Million Ounces of Silver Taken Out the Back Door
Former forensic accountant Rob Kientz said that he believes that the current price pullback in gold and silver is due to large traders manipulating the market to lower the price in order to remove gold for monetary purposes and silver for industrial uses. He said that the public is finally coming around to investing in gold, but they have chosen exchange traded funds(ETFs) rather than physical metal.
He said that 28 million ounces of silver has been permanently taken off of the silver market. He explained that gold and silver spot price is determined by long and short contracts that are being manipulated by banks to keep prices at a steady low price so that big players can remove more metal from the market. They are preparing for mass inflation and high interest rates caused by upcoming oil shortages due to the war in Iran. Oil and fertilizer shortages will cause food shortages.
The latest from USA Watchdog –
Bill’s Commentary:
“Jeremiah Johnson sent us a good one. This is so so true! “
@brivael
Translated from French
Elon Musk had said something that really stuck with me about resource allocation. In essence: beyond a certain level of wealth, money is no longer about consumption—it’s about capital allocation.
That sentence changes everything.
Economics, at its core, is just an allocation problem. You have finite resources and infinite uses. Who decides where what goes?
Imagine a school playground. 100 kids, packs of Pokémon cards handed out at random. You let it play out. Very quickly, an order emerges. The good players accumulate rare cards, the collectors sort, the negotiators strike deals. No one planned it. And yet every card ends up in the hands of the one who gets the most value from it. The system maximizes the total happiness of the playground. That’s the invisible hand.
Now bring in the teacher. She finds it unfair. Leo has 50 cards, Tom has 3. She confiscates, redistributes, enforces equality. Three immediate effects. The good players stop playing—what’s the point. The bad ones have no reason to improve; they’ll get their share anyway. Trades collapse. The playground is equal, and dead. She maximized equality, she destroyed happiness.
The teacher’s problem is that she can’t have the information the playground had collectively. That’s Mises’ economic calculation problem, formulated in 1920. The USSR tried to solve it for 70 years with the Gosplan. Result: shortages, lines, collapse. Not because the Soviets were stupid, because the problem is mathematically unsolvable in centralized mode.
When Musk has 200 billion, he doesn’t consume it—he allocates it. SpaceX, Starlink, Neuralink, xAI. Every dollar is a bet on the future. And he has a track record. PayPal, Tesla, SpaceX. He’s demonstrated he knows how to spot massive problems and allocate resources to them with spectacular returns.
The state has a track record too. Hospitals collapsing, education declining, debt exploding, public services degrading despite constantly rising budgets. The market identifies good allocators; politics identifies good communicators.
Profit isn’t an end goal—it’s a signal. It says: you’ve allocated scarce resources to a use that people value enough to pay for. The bigger the profit, the greater the value created. When Starlink turns profitable, it means millions of people in rural areas finally have internet. When a ministry runs a deficit, it means it’s consuming more than it produces. One creates, the other destroys, and we call that redistribution.
In our societies, there are two categories of actors. Entrepreneurs and bureaucrats. The entrepreneur takes personal risk to spot a problem, mobilize resources, create a solution. If he’s wrong, he loses. If he’s right, his customers win, his employees win, his suppliers win, the state collects taxes. He’s the basic cell of human progress.
The bureaucrat takes no personal risk. His salary is guaranteed. At best, he maintains an existing rent. At worst, he destroys it through overregulation, forced bad allocation, perverse incentives that discourage those who produce. But in no case does he create.
Look at the last 50 years. iPhone, civilian internet, SpaceX, Tesla, Google, Amazon, Stripe, mRNA, ChatGPT. All private inventions, driven by entrepreneurs, funded by venture capital. Not a single ministry has invented anything that’s changed your daily life.
France has become the world’s laboratory for bureaucratic drift. 57% of GDP in public spending, an absolute record. A sprawling administration, a tax system that penalizes wealth creation. Result: falling behind the United States, Germany, Switzerland. Brain drain. Deindustrialization. Exploding debt.
And the worst part is that bad allocation self-reinforces. The more the state takes, the less entrepreneurs create. The less they create, the less tax base there is. The more the state borrows and taxes. Perfect negative feedback loop. The teacher thinks she’s helping, and every year the playground produces less.
In our societies, it’s always the entrepreneurs who advance civilization. Bureaucrats, at best, maintain a rent; at worst, they destroy it. No society has ever progressed by taxing its creators to subsidize its managers.
The question is never who has how much. It’s who allocates the next unit of resource best to maximize humanity’s future. The answer hasn’t changed in 200 years. It’s not the civil servants.
Bill’s Commentary:
“Somebody knows, or thinks they know… SOMETHING!”
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Bill and David Morgan are interviewed on CapitalCosm (Also posted under Interviews)
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Bill’s Commentary:
“Do they get to cellmate with Catholic priests?”
22 Buddhist monks arrested at airport after record drug bust
Twenty-two Sri Lankan monks returning from Thailand were arrested on Sunday at the main international airport with a record 242 pounds of powerful cannabis, officials said.
A Sri Lanka Customs spokesman said the group, returning home after a four-day vacation in the Thai capital, had Kush — a potent strain of cannabis — hidden in their luggage.
“Each carried about five kilos of the narcotic concealed within false walls in their luggage,” the spokesman said, adding that the monks had been handed over to police.
Bill’s Commentary:
Bill, Food for thought…Musk’s autopsy of our economy. Wolfgang
W, this is 100% correct!
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Bill’s Commentary:
“Your entire world stops without credit…”
From Shakespeare to Smith: Why Credit Exists in Every Western Society
When Polonius tells Laertes in Hamlet, “Neither a borrower nor a lender be,” perhaps Shakespeare was speaking from family experience. In the early 1570s, his father, John Shakespeare, was accused in court several times of lending money at usurious rates. While, in modern terms, he settled one case, he was fined in another. It is unclear if these cases were connected to the decline of Shakespeare Sr’s business, but he managed to get into debt himself, echoing Polonius’ warning. Under the laws at the time, usury, the practice of charging interest on debts, was called “a vice most odious and detestable.”
Yet by the time Adam Smith wrote his Inquiry into the Nature and Causes of the Wealth of Nations two hundred years later, credit was an established element of commercial life. Smith devoted an entire chapter to “Of Stock Lent at Interest.” He noted that the borrower viewed the loan as capital, which could either be consumed or, more productively, used as capital for enterprise. In the intervening two hundred years, credit had become an economic institution.
Bill’s Commentary:
“They honestly believe they are in the right…”
Theft Is Now Progressive Chic
In 1785, Immanuel Kant introduced his famous “categorical imperative.” Put simply: Act the way you want others to behave. This dictate, a version of the Golden Rule, has been a bedrock of moral philosophy for centuries. But for the New Yorker staff writer Jia Tolentino, Kant’s “categorical-imperative-type thing” no longer applies. Moral rectitude, in some left-wing corners of the commentariat, is out; flagrant disregard of the social contract is in.
Yesterday, The New York Times posted a video of a conversation featuring Tolentino, the pro-communist streamer Hasan Piker, and the Times opinion editor Nadja Spiegelman, under the headline: “The Rich Don’t Play by the Rules. So Why Should I?” It began with Tolentino, a highly successful author, admitting to shoplifting lemons from Whole Foods. “I think that stealing from a big box store—I’ll just state my platform—it’s neither very significant as a moral wrong, nor is it significant in any way as protest or direct action.”
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Bill’s Commentary:
“Bank of America?”
Bank of America has stark message for Silver investors
Most commodity forecasts move in a narrow band. Analysts nudge numbers up or down a few percentage points and call it a year-end target. What Bank of America just put on the table is something else entirely.
The bank’s metals team is projecting silver could reach anywhere between $135 and $309 per ounce before the end of 2026. That is not a typo. And the reasoning behind it deserves more attention than most investors are giving it right now.
Both price targets are rooted in the gold-to-silver ratio, currently sitting at roughly 59:1, according to FastBull. The ratio measures how many ounces of silver it takes to buy one ounce of gold. The higher the number, the more undervalued silver looks relative to its historical relationship with gold.
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Bill’s Commentary:
“Some interesting history of markets!”
Bill’s Commentary:
“This is beyond stupid. Management MUST do what is best for shareholders. “Wink wink” and favors later is not the way it works. If tariffs are deemed illegal, management MUST demand refunds, end of story…”
Trump says ‘I’ll remember’ companies that don’t seek tariff refunds
President Donald Trump on Tuesday told CNBC that he will gratefully “remember” U.S. companies that do not seek refunds for the tariffs he unilaterally imposed, which the Supreme Court later ruled were illegal.
Trump’s comment on “Squawk Box” came a day after U.S. Customs and Border Protection opened a portal for importers to seek more than $160 billion in potential refunds for the so-called IEEPA tariffs.
He was asked about a number of large companies, among them Apple and Amazon, that have not filed requests for refunds for the tariffs they paid, potentially because they are worried about “offending” Trump.
Bill’s Commentary:
“Is it safe any longer to go to Canada?”
Internet Content Regulation is Coming To Canada
The Canadian Federal Liberals have finagled themselves a new majority government and they’re hitting the ground running.
Heritage Minister Marc Miller said the quiet part out loud in a scrum on Parliament Hill on April 15th, days after a combination of by-elections and floor-crossers gave the party their first majority in 6 years:
As per Blacklocks Reporter (the only outlet reporting on this…)
“Cabinet is serious about regulating legal internet content now that it has a parliamentary majority, Heritage Minister Marc Miller said yesterday. “There are some opportunities here,” he told reporters.”
“It’s no secret that we have been in a minority for six years,” said Miller. “There are some opportunities here.”
Those opportunities include a third crack at an Online Harms bill and there will be some manner of regulation over legal internet content.
Bill’s Commentary:
“Tucker is correct.”
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Bill’s Commentary:
”Toyota?”
https://twitter.com/Eng_china5/status/2045944003653435413/mediaviewer
Bill’s Commentary:
“Whether you hate President Trump or not, this should be very concerning to you.”
Five stories Democrats told during Trump’s 2019 Ukraine impeachment have fallen apart
Several Republicans, including the influential House Judiciary Committee Chairman Jim Jordan, are throwing their weight behind an effort to repudiate or expunge the 2019 House impeachment vote against President Donald Trump after years of belated bombshells eroded most of the scandalous narrative Democrats sold to America seven years ago.
The latest evidence to boomerang on the 2019 Democrat House impeachment managers came last week when Just the Newssuccessfully persuaded Director of National Intelligence Tulsi Gabbard to release long-secret memos showing the intelligence community had raised red flags about the credibility and political motives of the CIA analyst who prompted the scandal with a tale that Trump had wrongly pressured Ukraine’s president to investigate the Biden family.
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The latest from USA Watchdog –
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Bill’s Commentary:
”On gold”
One Of The Most Fascinating Articles On Gold You Will Ever Read
With so much chaos unfolding across the earth that has been the catalyst for one of the most turbulent market environments in history, this is one of the most fascinating articles on gold that you will ever read.
April 10 (King World News) – King World News was given permission by Dr. Marc Faber at the Gloom Boom Doom newsletter to republish the following article from Jan Baltensweiler at VON GREYERZ: On last year’s conference tours, from Colorado to Frankfurt, Vienna and Prague, renowned gold expert Ronald-Peter Stöferle often encountered the same question:
“Are we already too late to buy gold?”
The question itself says more than any dataset. It reveals a simple truth: most investors were never really involved in the move to begin with.
Bill’s Commentary:
”Could this be the vaxx elephant in the room again?”
15-year-old tennis prodigy suddenly drops dead on court
A 15-year-old Italian tennis player has died after suffering a cardiac arrest during a routine training session, leaving his local community in profound shock and prompting a full medical investigation into the circumstances of his death.
Luigi Santarelli, from the coastal town of Francavilla al Mare, collapsed on court at the Cittadella dello Sport complex in San Giovanni Teatino, Italy, on April 8.
He had arrived for his afternoon session as normal, and witnesses said he had been laughing and chatting with his tennis coach and fellow players just moments before he suddenly fell to the ground. He was 15 years old. It comes after a Monte Carlo Masters match was stopped by the umpire as a terrifying medical emergency unfolded.
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Bill’s Commentary:
”Remember this?”
The latest from USA Watchdog –
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