Bill’s Commentary:
“For those of you who do not know about, nor seen “The Great Taking”, I post it here again. This is NOT speculation, the laws are already on the books. Please PAY ATTENTION!”
Bill’s Commentary:
“This is truly scary and probably just the beginning…”
Bill’s Commentary:
“A $trillion platinum coin? Is this similar to thinking they can borrow roughly $500 billion off the Ft. Knox gold (does it even exist?) to purchase Bitcoin …to cover our $35 trillion in debt? Dreamers dream, lenders lend, and borrowers default!”
The Trillion Dollar Legal Memo
Ahhhhh, the trillion-dollar-coin. It’s the bête noir of some economists who see such a thing as, at best, a harebrained thought experiment. It’s an economic elixir for others who view it as a way to circumvent the unhealthy cycle of national debt crises.
It’s also a topic that’s near and dear to me, not least because I’ve spent more than a decade trying to pry loose details about it. Now, I finally have something to share from behind the platinum curtain. But — spoiler alert — what I’m able to share with you is pretty barebones, due to heavy redactions.
Bill’s Commentary:
“After the longest yield curve inversion of all time, the Depression cake is not only baked, it is on fire!”
“Japan Mixed The Batter, The Fed Will Bake The Cake…”
Americans are already struggling to feed their families and pay their bills, but having predicted every US recession since 1960, the steepening bond yield curve is speaking loud and clear that an “official” downturn is nearly inevitable. With bond prices on the rise as the Fed looks increasingly likely to cut rates in September, the yields are going down and the inverted curve is finally leveling out after an epic two-year inversion.
And with stocks now crashing around the world, global uncertainty is rocketing upward in a “Black Monday” event, especially as dizzyingly volatile Japan struggles to contain its post-ZIRP doom loop. In other words, the storm may be arriving in earnest.
BillHolter.com 
Thank you pamelamoves@gmail.com
LikeLike
Friends are telling me they need to liquidate gold or silver to make ends meet. Of the two, right now, I suggest selling gold because silver has been whacked so hard this last couple weeks. Why is it that silver, and gold to a lesser degree, have corrected downward? When people sense an economic calamity, they sell whatever is liquid to pay their bills, and that includes precious metals. This selling knocks the price down further, causing a short term glut in supply wherein getting spot price for good/silver becomes difficult, temporarily. At least, that’s how it looks to me.
As for the article on the platinum coin, it’s interesting, but mostly in the sense that we citizens are not privy to the shenanigans that go on behind closed doors.
LikeLike