Bill’s commentary:
These idiots actually believe “voting threatens democracy”? Really? The only thing voting (and actual fair and just counting) threatens, is retarded policy jammed and rammed through by a bunch of crazies. They WILL go to far at some point…mark my words!
The Jeff Bezos Post sent two reporters to Grand Haven, Michigan, a town of 11,011 people and the county seat of Ottawa County. Their job was to do his newspaper’s version of a story in Politico in February, “What It Looks Like When the Far Right Takes Control of Local Government.”
The Jeff Bezos newspaper titled its entry in the hair-on-fire coverage of a western Michigan County’s politics, “In a thriving Michigan county, a community goes to war with itself.
“By all accounts I wonder how much market value of these bonds are worth today and the unrealized losses on the books of the banks, private institutions and BOJ that bought them. On the surface it looks like Europe and Japan have the worst of it yet with global counter party risk let alone European banks with US branches insured by FDIC , the unrealized losses look to be coming our way on these too.” – Kevin
“Kevin, Please think back just a few years ago when we tried to warn of the hazards and idiocy of negative interest rates. Here we are now with balance sheets being destroyed by these “safe” investments. If anything in today’s world surprises anyone…then they just haven’t been paying attention!” – Bill
Bill’s commentary:
Bill’s commentary:
But rest assured, the Fed has not made ANY OTHER MISTAKES?
The Federal Reserve’s banking supervisors failed to take forceful action to address growing problems at Silicon Valley Bank before it collapsed last month, the central bank’s top regulator said, signaling a broad push to toughen rules on the industry.
Bill’s commentary:
When is a deal not a deal? The rest of the world can tell you their experience…!
Hundreds of Army aviation officers who were set to leave the military are being held to another three years of service after they say the branch quietly reinterpreted part of their contract amid retention and recruitment issues.
The shift has sparked an uproar among the more than 600 affected active-duty commissioned officers, including some who say their plans to start families, launch businesses and begin their civilian lives have been suddenly derailed.
Bill’s commentary:
“If the banks were truly solid, would this even be an issue? Too much leverage, past ridiculously low credit standards, and derivatives are the underlying problems, cryptos are a side show in my opinion …”
According to an article in American Banker titled “SEC’s Gensler Directly Links Crypto and Bank Failures,” SEC Chair Gary Gensler has asked for more financial resources to police the crypto market. Gensler testified at an April 18 House Financial Services Committee hearing:
[Crypto companies] have chosen to be noncompliant and not provide investors with confidence and protections, and it undermines the $100 trillion capital markets …
Silvergate and Signature [banks] were engaged in the crypto business — I mean some would say that they were crypto-backed …
Silicon Valley Bank, actually when it failed, saw the country’s — the world’s — second-leading stable coin had $3 billion involved there, depegged, so it’s interesting just how this was all part of this crypto narrative as well.
Bill’s commentary:
Dismal Dave sends us charts before a well deserved break!
‘Once a nation parts with the control of its currency and credit, it matters not who makes the nation’s laws. Usury, once in control, will wreck any nation.’ William Lyon Mackenzie King (1874-1950). Prime Minister of Canada, 1935.
BillHolter.com 
I would guesstimate Jeff bezos “yacht “ he is having built, you know the 500’ ship, will be separated from him soon. And by no man.
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