Bill’s commentary:
“Another good one from Erik!”
Bill’s commentary:
“Massive inverted head and shoulders?”
Bill’s commentary:
“To put this in perspective, interest on $307 trillion (the real number is actually higher) is roughly $15 trillion. Can you imagine a world not saddled with $15 trillion paid annually in interest? Maybe would feed a few folks with empty bellies?”
The global debt pile soared by $10 trillion to a record high of $307 trillion in the first half of 2023, the Institute of International Finance (IIF) reported on Tuesday. It added that the US, UK, and Japan are among the markets driving the rise.
The high interest rate environment seen across most economies has sent the figure surging, making the current debt stock $100 trillion higher than it was a decade ago, according to the IIF.
Bill’s commentary:
“More on banking from the Martens'”
There may be a lesson here: don’t put the word “Republic” in the name of your bank; don’t hold a lot of uninsured deposits; and don’t have wads of unrealized losses on your investment securities.
If those lessons sound familiar, it’s because they played out in stunning fashion earlier this year when the second, third and fourth largest bank failures in U.S. history occurred.
Bill’s commentary:
“If you cannot catch them, you cannot destroy them nor defend against …”
The weapon Beijing launched over the South China Sea traveled at speeds of more than 15,000 miles an hour as it circled the globe.
Flying at least 20 times the speed of sound, it could reach anywhere on earth in less than an hour.
Bill’s commentary:
“Can you say ‘banana republic”?”
On Sept 6, when looking at the latest daily debt numbers, we predicted that total US debt would hit the very special (at least for Masons) number of 33 in two weeks.
BillHolter.com 
Thanks, Bill.
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