Bill’s commentary:
“We have told you for many years, it is all about credit. And when (not if) credit freezes up, EVERYTHING will stop dead in its tracks!”
Federal Reserve data shows $98 billion of deposits left the banking system in the week after the Silicon Valley Bank collapse. Most of the money went to money-market funds, as the Bloomberg data shows that assets in this class rose by $121 billion in the same period. The data shows the challenges of the banking system in the middle of a confidence crisis.
Bill’s commentary:
“An excellent article, and watching the new world order form right before your eyes!”
Today OPEC+ woke up and chose scorched-earth war against the Fed.
That’s because while the US central bank is already trapped, and is desperately looking for any excuse to halt its tightening campaign now that inflation is accelerating to the downside not just because regional banks desperately need a lower Fed Funds rate to short-circuit the relentless deposit drain which won’t stop (and will lead to even more bank failures and resolutions) until their deposit rates can at least match those of the Fed, but also because various liberal rags have already thrown Powell, pardon, the “Trump-era holdover” under the bus for the coming recession.
Bill’s commentary:
“Please notice the vast majority of top 10 stories this week were ALL dollar negative? Time is very short now for the dollar!”
Bill’s commentary:
“A legitimate question …does the 2nd Amendment itself protect the 2nd Amendment? I am pretty sure it does but only time and true grit will tell?”
America’s latest episode of mass homicide has sparked renewed advocacy for restrictions on gun ownership. Once again, the accompanying debate has many gun control advocates claiming the Second Amendment’s reference to a “well regulated militia” narrows the amendment’s scope if not rendering it altogether moot.
Before we examine those claims, it’s important to ensure readers have a proper general understanding of the Bill of Rights. Contrary to common misperception, these amendments do not bestow privileges upon American citizens. Rather, they are primarily a set of prohibitions against the government infringing on pre-existing human rights all people have.
BillHolter.com 