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Bill’s Commentary:
“The Debt clock”
Bill’s Commentary:
“The progression of US Treasury debt since 1929”
U.S. National Debt by Year
National debt is the outstanding financial obligations of a country. The national debt of the United States is what the federal government owes to its creditors.
The U.S. has always carried national debt, and the majority of presidents have added to it. However, total national debt has been expanding rapidly since 2008 due to a combination of increased government spending and failure to raise taxes.1
Understanding the National Debt
The federal government borrows money to cover outstanding expenses that accumulate over time. Funds for federal spending are mainly generated by collecting taxes on personal and corporate income, payroll earnings, and borrowing.
Bill’s Commentary:
“W, not even a Band-Aid, they are now down to chewing gum…”
Bill,
Heaven knows, not even the Fed wants to own the Treasury Bonds! Temporary Repos only. Perhaps Christie's can auction them off as a nostalgic relic of bygone days?🤣
Wolfgang
https://x.com/i/status/2085364546881896595 -
Bill is interviewed by his good friend Andy Schectman (Also posted under Interviews)
Bill’s Commentary:
“Putin goes on offense…”
Bill’s Commentary:
“Maybe we need to pay more taxes to build up the arsenal?”
Nearly 80% of interceptors for a key missile defense system depleted, sources say
The US military has exhausted nearly 80% of its interceptors for a key missile defense system as senior US military commanders are warning that the Pentagon’s munitions stockpile is “dangerously low,” according to multiple sources familiar with the matter.
Stockpiles of key air defense systems have been particularly depleted during the war with Iran. The US military has burned through nearly four-fifths of its THAAD missile inventory compared to pre-war numbers and roughly half of its Patriot interceptors since the start of the war, according to two sources familiar with the latest inventory report. The disclosure of the low THAAD inventory has not been previously reported.
The Center for Strategic and International Studies estimates the United States had around 2,200 Patriots (of the platform’s two most-modernized variants) and 452 THAAD missiles in its stockpile before the Iran war started.
Bill’s Commentary:
“Why would the Biden DOJ prosecute someone for helping Biden win? A 1st grader could see through this one…”
More than 600,000 voter files ripped off Arizona site in 2020 by hacker, but DOJ didn’t prosecute
Though the FBI identified a suspect who confessed to investigators, state and federal prosecutors declined to bring charges in a 2020 online hack that stole more than 600,000 voter registration files from Maricopa County, and exposed the sensitive personal information of 933 voters.
Arizona’s largest county suffered a significant breach of its election data in the days before the 2020 presidential election when a self-described hacker foiled security and obtained 633,000 voter registration files but the Biden Justice Department and local prosecutors declined to bring charges even after the FBI got the suspect to confess, according to declassified documents made public Thursday by the White House.
The scraping of Maricopa County’s voter registration files was the most flagged security incident in a cyberintrusion log kept by U.S. spy agencies in the days around the Nov. 3, 2020 election, and it caused an extensive FBI investigation that led agents to a home in Fountain Hills, Ariz., the memos show.
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The latest from USA Watchdog –
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Bill’s Commentary:
“The US Treasury intervenes for the first time in 28 years because… Japan, the largest holder of Treasuries would be forced into selling. How convenient!”
Why the U.S. stepped in after decades to prop up Japan’s yen — and what’s at stake
Washington’s decision to join Japan in supporting the battered yen has prompted questions over what motivated the rare coordinated intervention, with analysts pointing to concerns over U.S. Treasury markets and Japan’s financial system.
Tokyo has grown increasingly wary of the yen’s decline, which recently dropped to its weakest level against the dollar in nearly four decades. The yen had been hovering at multi-decade lows, sliding to 163.73 per dollar last Thursday before rebounding to 157.57 on Friday.
The coordinated intervention was the first U.S.-Japan joint operation to buy yen since 1998, and the first coordinated intervention involving the two countries since the G7 acted to weaken the yen after the 2011 earthquake.
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Bill’s Commentary:
“5 years later, after all the “conspiracy theorists” were proven correct…CNN wants to double down on their fake news? Bravo RFK Jr.!”
‘You’re Talking Nonsense!’ RFK Jr. Berates CNN’s Bash in Fiery 22-Minute Brawl On Fauci, Trump and Vaccines
Robert F. Kennedy Jr. melted down and berated CNN’s Dana Bash in a wild brawl over Dr. Anthony Fauci, President Donald Trump, and vaccines.
In a marathon battle on CNN’s State of the Union Sunday, the HHS Secretary — a years-long Fauci critic who has ramped up his attacks in recent days — defended Trump’s handling of the COVID-19 pandemic despite the fact that Trump kept Fauci in a position of power.
“You have been placing nearly all the blame on the COVID pandemic and the way that the U.S. Responded to it squarely with Dr. Fauci,” Bash told Kennedy. “But of course, he worked for President Trump. Does President Trump also deserve some of the blame?”
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The latest from USA Watchdog –
Bill’s Commentary:
“More winning?”
U.S. Embassies Urge Citizens in the Middle East to ‘Be Prepared to Depart’ Amid ‘Fluid’ Situation with Iran
U.S. embassies in the Middle East issued simultaneous warnings Saturday for citizens to “be prepared to depart” the region, citing the “unpredictable” Iranian regime.
The warning comes as CBS News reported the United States and Israel are preparing for a new round of strikes against energy infrastructure in Iran.
Word of a possible new round of strikes comes as President Donald Trump is facing pressure at home over the war, with critics fearing the conflict has become an unwinnable quagmire.
Bill’s Commentary:
“Margin is a double edged knife!”
How Leopold Aschenbrenner built a $45 billion AI hedge fund — and lost most of it in days
Two years ago, Leopold Aschenbrenner argued he was one of few people in the world who saw the future clearly.
In a sprawling, 165-page essay that became required reading in Silicon Valley, the former OpenAI researcher positioned himself as a kind of prophet for the coming age of artificial super intelligence.
But this week, the limits of Aschenbrenner’s vision were on display when the AI-themed hedge fund he runs — named Situational Awareness, also the title of his viral June 2024 manifesto — ran into the harsh reality of tumbling semiconductor stocks and Wall Street margin calls.
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Bill’s Commentary:
“Since the high in interest rates back in 1982, history has shown that each and every bubble has been popped by rising interest rates. This time is a little different…in a bad way. This time, the debt is magnitudes larger than ever before, and central banks are tightening with rates at 19 year highs. What could possibly go wrong? Maybe coordinated?”
30-year Treasury yield hits highest level since 2007 after Fed keeps rates unchanged
Yields on longer-dated U.S. Treasurys rose on Wednesday, as traders weighed whether the Federal Reserve can keep inflation at bay following its latest monetary policy decision.
The 30-year Treasury bond yield jumped 10.5 basis points to 5.201%. It also hit its highest level since July 2007 at 5.244%. The benchmark 10-year note yield also climbed nearly 7 basis points to 4.671%.
Shorter-dated Treasurys rose, pushing yields lower. The 2-year yield traded 4 basis points lower at 4.236%.
Bill’s Commentary:
“Oops!”
AI investor Leopold Aschenbrenner forced to unwind all public stock positions after steep losses, sources say
The battered hedge fund founded by former OpenAI researcher Leopold Aschenbrenner is unwinding many of its trades after big losses on artificial intelligence stocks and a bad bet against software stocks left it scrambling to raise cash, according to people familiar with the matter.
The prime brokers for the fund, Situational Awareness, have been rushing to raise cash to meet margin requirements, the people said. Ken Griffin’s Citadel hedge fund reached a deal to buy the fund’s publicly traded assets, people familiar with the deal said.
Bill’s Commentary:
“The revaluation will take place, but from a fiscal standpoint it will only be a drop in the bucket for the US Treasury.”
The Gold revaluation – Part 2: How it actually works
In Part 1 (click here) I showed you seven facts nobody was connecting.
Today I show you the accounting behind it, and why this could happen without a single vote in Congress.
One accounting entry. Over $1 trillion unlocked. Here is exactly how it works.
The latest from USA Watchdog –
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Bill and David Morgan interview (Also posted under Interviews)
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Bill’s Commentary:
“I wonder what the folks from Martha’s Vineyard will say to this?”
Massachusetts Democrats To Create Muslim Commission, Recommend Muslims For Government Positions
Massachusetts Democrats recently sponsored a Senate bill creating a “permanent” government commission “on the status of people who practice Islam,” which would communicate with the government on how legislation affects Muslims and recommend Muslims for government positions.
The Senate committee on State Administration and Regulatory Oversight reported the bill, No. 2134 “favorably” and referred it to the Joint Committee on Rules, which referred it to the committee on Senate Ways and Means. That committee consists of a majority of democrats.
Bill’s Commentary:
“Please pay attention to this, you will hear about the “carry trade” later this year…”
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Bill does a radio interview with Dr. Dave Janda (Also posted under Interviews)
Bill’s Commentary:
“Conspiracy theory you say?”
@ekwufinance
Leaked 1974 government plan to disincentivize physical gold and silver hoarding:
Step 1) Create a futures market that dwarfs the physical market in size.
– Today’s paper gold vs physical gold: 133:1
– Today’s paper silver vs physical silver: 408:1
Step 2) Increase volatility to reduce demand for physical metal.
– The recent 38% intraday flash crash is a perfect example
– In modern portfolio management, volatility = risk.
By increasing volatility, you increase the perceived risk of holding physical gold and silver.
Don’t let them fool you. Gold and silver will go up, but it will be a volatile roller coaster.
Instead of being a victim of volatility, use it to your advantage and add to your favorite positions at wholesale prices.
Bill’s Commentary:
“Some very good charts and logic re silver”
Today I’m launching a series of reports in which I aim to prove that the long-term secular bull market in precious metals—gold, silver, platinum, palladium, and mining stocks—is still alive and well despite the correction the industry has experienced since January.
My view all along has been that this pullback is simply a healthy and normal cooling-off period following two very strong years, 2024 and 2025, and not the start of a new secular bear market in precious metals like those seen in the 1980s and 2010s.
Unfortunately, a large portion of the precious metals community has sunk into deep pessimism, believing the party is over after just two years and that it’s all downhill from here, so I’m writing these reports to push back against that foolish, fallacious, and short-sighted thinking.
Bill’s Commentary:
“A very special HELL awaits this man!”
Fauci’s private diary. March 2020. March 21 — “deaths 9800”: “Big front page article about me appeared in the Washington Post. Very flattering.” “my national and international fame is explosive and really unimaginable”
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