Bill’s Commentary:
“Mathematically a banana republic without even looking at the social and judicial aspects!”
US National Debt Hits $35 Trillion. Debt-to-GDP Ratio, at Scary Levels, Dips a Tad. And T-Bills’ Share of this Debt
The US national debt – the total amount of Treasury securities – rose to $35.00 trillion, according to the Treasury Department on Friday (rounded to the nearest billion: $34.998 trillion). Since the beginning of the year, in less than seven months, the debt has jumped by $1.0 trillion. Since January 2020, the debt has ballooned by 50%.
The economy has been growing rapidly since the trough in 2020. Yet trillions in new debt were whizzing by so fast they were hard to see, like, “Oh wow, there went another one I think.” We don’t even want to know what this situation will look like during the next recession. But we know one thing for sure, this is nuts:
Bill’s Commentary:
“Chris Powell of GATA on silver manipulation.”
Suppressing Silver Prices Has Been Official US Policy Since 1965
In the July 18 edition of Gold Newsletter, editor and publisher Brien Lundin wrote about the failure of silver prices to keep up with gold prices.
“I’m not the kind of conspiracy buff that many of my friends in the industry are,” Lundin wrote, “but it’s hard to look at silver and not see some hidden hands at work (especially considering who holds so much of the metal in both physical and paper forms while acting as custodian for the biggest silver exchange-traded fund).”
Of course, Lundin meant investment bank JPMorgan Chase and silver ETF SLV.
Bill’s Commentary:
“Turning up the heat on a post that’s already boiling?”
Putin warns US against deploying long-range missiles in Germany
Vladimir Putin has warned the US that if Washington deploys long-range missiles in Germany from 2026, Russia will station similar missiles within striking distance of the west.
The US would start deploying long-range fire capabilities in Germany in 2026 in an effort to demonstrate its commitment to Nato and European defence, the Washington and Germany said earlier this month.
The US’s “episodic deployments” are in preparation for longer-term stationing of such capabilities that will include SM-6 and Tomahawk cruise missiles and developmental hypersonic weapons that have a longer range than current capabilities in Europe, Washington and Berlin said.
Bill’s Commentary:
“Filed under the category of full of shit! If you believe this, please put your mask back on…”
4 hottest days ever observed raise fears of a planet nearing ‘tipping points’
As global temperatures spiked to their highest levels in recorded history on Monday, ambulances were screaming through the streets of Tokyo, carrying scores of people who had collapsed amid an unrelenting heat wave. A monster typhoon was emerging from the scorching waters of the Pacific Ocean, which were several degrees warmer than normal. Thousands of vacationers fled the idyllic mountain town of Jasper, Canada ahead of a fast-moving wall of wildfire flames.
By the end of the week — which saw the four hottest days ever observed by scientists — dozens had been killed in the raging floodwaters and massive mudslides triggered by Typhoon Gaemi. Half of Jasper was reduced to ash. And about 3.6 billion people around the planet had endured temperatures that would have been exceedingly rare in a world without burning fossil fuels and other human activities, according to an analysis by scientists at the group Climate Central.
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