Bill’s Commentary:
“The dollar versus gold over decades. Yet they tell you “gold is risky”?”
Bill’s Commentary:
“History will mark this event as the end of the dollar since it’s the end of the rule of law…”
Allies Begin the Reckless Seizure of Russian Assets
The Russo–Ukrainian conflict rages on. As Moscow’s forces gain ground, Kiev and its backers increasingly betray desperation. Ukraine’s President Volodymyr Zelensky is urging the allies to deploy airpower, while France’s President Emmanuel Macron talks of sending NATO troops into combat.
The allies also are moving to seize Russian assets to pay for weapons their peoples have tired of providing to Kiev. Doing so would both offer only minimal support for Ukraine’s faltering defense and be a direct attack on the West’s rule of law and liberal democratic order.
Bill’s Commentary:
The Rule of Law?
THE ONE THING that steered capital towards the United States was “the rule of law.” Capital from the four corners of the Earth flowed into the US because the rule of law was the most solid and fair on the planet. That, is a thing of the past. Now you will see a capital flight, devaluation, and hyperinflation fitting of the Banana Republic we have become!
Late last year, the US said they were “freezing” $300 billion of Russian owned US Treasuries. Almost to the day, gold and silver began to move higher. A week ago, it was announced there are discussions to use $50 billion of these bonds as collateral for a loan to Ukraine. What would you think if someone stole your funds and then used them to support your enemy? And what would you think in regards to how this fits in with the rule of law?
Today, former President Trump was convicted of 34 felonies. It doesn’t matter what you think of Trump. Whether you are a supporter or not, or even have TDS Trump Derangement Syndrome, the New York case is nothing but a travesty. Anyone with a brain half screwed on knows this was a railroad job. Again, no matter what you think of the man, you now know the government can destroy you any time they please. Only Banana Republics do this kind of stuff…
The above said (and I could have said MUCH MORE on both!), this is so negative for confidence …and the world now runs on nothing but confidence! Understand that without confidence, credit is not forthcoming, and without credit, EVERYTHING STOPS! Capital will now flee the US and the West in general.
Some are saying May 30, 2024 was the day Donald Trump won the election (assuming there is one?). It may go down as the day the US formally became a banana republic? It may be the day that the dollar went on a ventilator? Watch gold/silver and interest rates to see what the verdict is. I believe they just rang the bell at the starting gate to monetary hell!
Standing watch,
Bill Holter
Bill’s Commentary:
“Portugal starts WWIII?”
Portugal Becomes 1st NATO Country To Cross Russian “Red Line”, Hits Key Radar With AR3 Drone – IAF Expert
A Portuguese drone reportedly knocked out an important radar from Russian territory. Experts claim the drone could be the first NATO-country weapon to cross Russia’s red lines amid mounting calls to allow Ukraine to use Western arms to hit targets in Russian territory.
On May 26, a Ukrainian drone targeted a long-range Russian radar, the Voronezh-DM OTH Early Warning Missile Launch Warning Radar, deep inside the Russian territory. The radar was deployed close to Orsk in the Orenburg region, around 1,500 kilometers from the nearest area controlled by the Ukrainian military.
The attack has since been flagged as one of the deepest drone strikes conducted by the Ukrainian forces.
BillHolter.com 
Thank you pamelamoves@gmail.com
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