Bill’s Commentary:
“I keep telling you this will be a credit/currency crisis. What part of this math is misunderstood?”
US Deficit Explodes: Blowout October Deficit Means 2nd Worst Start To US Fiscal Year On Record
It is only fitting that the twilight days of the Biden admin would exhibit more of the same fakeness that defined not only all of the past four years, but certainly the fakeness of that Kamala Harris presidential campaign which had a billion dollars a month ago and ended up in failure, broke and in debt. We are talking, of course, about the relentless debt-funded spree that somehow became synonymous with economic success in the US.
Bill’s Commentary:
“On Judy Shelton”
Gold Backed or Bust: Judy Shelton’s Plan to Tame the Fed and Restore the Dollar
Judy Shelton has spent her career advocating for sound money. Her latest book, Good as Gold: How to Unleash the Power of Sound Money, makes an up-to-date case for reinstituting a gold standard. Her intriguing conclusion is that the dollar can be reconnected to gold by simply issuing federal treasury bonds with gold-redeemability clauses. The book also addresses recent events and important current debates about monetary systems like whether central bankers should have wide policy discretion, whether fixed or floating exchange rates are better for economic growth, and what happens when countries manipulate their currency to boost exports.
Bill’s Commentary:
“Paul Tudor Jones is correct, the author in my opinion is smoking some really good HOPIUM! The logic here is this; it cannot happen now because it has never happened before…? And, because the US issues the world’s reserve currency, it can never run out of money. This is absolutely correct, but what the author is missing here is; we can never run out of money, however, that money may be worthless. Treasuries are (were) thought of as risk free from default. The reality is, GOLD/SILVER are the only monies risk free of default. Please read this article with this in mind, the author has everything backwards and forgets that fiat currency on a global basis is a rather new experience that has never been tried worldwide before.”
Paul Tudor Jones: I Won’t Own Fixed Income
Paul Tudor Jones recently voiced concerns that rising U.S. deficits and debt and increasing interest rates could lead to a fiscal crisis. His perspective reflects the long-standing fear that sustained borrowing will trigger inflation, raise interest rates, and eventually overwhelm the government’s ability to manage its debt obligations. In short, his thesis is that interest rates will rise as the Government goes broke. However, a closer look at historical precedent and current fiscal dynamics suggests these concerns are overstated. Contrary to Jones’ warnings, the U.S. economy has structural strengths that make an imminent fiscal collapse unlikely.
Bill’s Commentary:
“One of James Howard Kunstler’s Best! He was a Democrat back in the day, apparently chemtrails and whatever they put in the water has not infected him…”
The Great ‘Splainin’ Cometh
“Many Democrats were considering how to navigate a dark future, with the party unable to stop Mr. Trump from carrying out a right-wing transformation of American government. Others turned inward, searching for why the nation rejected them. They spoke about misinformation and the struggle to communicate the party’s vision in a diminished news environment inundated with right-wing propaganda” — The New York Times
In July 27, 1794, the non-insane members of the Convention, or national legislative body in Paris, suddenly turned on the rabid Jacobin leader Maximillian Robespierre and overthrew his ruling tyrannical bunch — who had killed 40,000 of their fellow countrymen in the paranoid orgy known as The Reign of Terror. The next day, Robespierre rode the tumbrel to his own appointment with “the national razor” and the Thermidorian Reaction was on!
Bill’s Commentary:
“Erik is correct, the best denomination of silver happens to be “the smallest” denomination.”
The latest from Erik –
BillHolter.com 
Thank you pamelamoves@gmail.com
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