Bill’s commentary:

“One can argue what Erik writes is not true, they cannot argue that sufficient testing was done prior to rollout simply because there was not the time available to do so. The vaccine was not properly tested ahead of time, this is FACT!”

Bill’s commentary:

“I have no idea about who is right or wrong here. I do know that Venezuela has had their vaulted gold in London frozen and “stolen”, so I guess I side with Venezuela here?”

Washington is looking to set up a military base in the Guayana Esequiba area, which is contested by Venezuela and Guyana, the former’s foreign minister has claimed.

In a speech to the UN General Assembly on Saturday, Yvan Gil said the US considers itself “the sovereign” of Latin America, and is now intervening in the more than 200-year-old territorial dispute between Caracas and Georgetown.

Read more…

Bill’s commentary:

DEFLATION of “the things we have” anyone? Would this qualify as a “credit event”? Here it comes, bigger than anything ever seen!”

Among them is 650 California Street, a 34-story office building that has defaulted on its mortgage. Further on is 101 California, whose second-biggest tenant left last year and whose biggest is slashing staff and office space. Go around the corner, and Embarcadero Square is for sale for $90 million. Its owner bought it for $245 million in 2018.

Read more…

Bill’s commentary:

“Some weekend comedy …”

A new electric vehicle battery factory in Kansas is demanding so much energy that the state is delaying the retirement of a coal plant to make sure the facility has enough power.

Read more…

Bill’s commentary:

“Can the system continue without new and massive amounts of debt taken on? We shall soon see!”

‘The hand that rules the press, the radio, the screen and the far-spread magazine, rules the country.’ Justice Louis Brandeis. (1856-1941).

As you’ll see, most of today’s charts messages are USA derived…. (however, they apply to all mature economies!)

Bill’s commentary:

“It took the U.S. federal government almost 200 years to rack up $1 Trillion in debt. The latest trillion to be added took a mere 3 months! Far too many Americans have come to believe that, instead of protecting individual liberty, the U.S. government can be everything to everyone. Meanwhile, members of government have come to believe that, not only can they perform such an impossible task, but they can perform it for the entire world! This massive delusion is racing towards a massive bankruptcy.”

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