Bill is interviewed by Liberty and Finance (Also posted under Interviews)
Year: 2024
Bill’s Commentary:
“In case you were wondering, this is why Julian Assange was jailed.”
10 most controversial exposé by WikiLeaks founded by Julian Assange.
Bill is interviewed at Coffee and a Mike
Bill is interviewed at Coffee and a Mike (also posted under Interviews)
Bill’s Commentary:
“So not only is The Fed sitting on huge unrealized losses, they also have a cash operating loss since 2022? And this is the entity that issues the world’s reserve currency? At least now you know why the world has formed a competitive bloc called the “BRICS”!”
The Fed Posts Historic Operating Losses As It Pays Out 5.40 Percent Interest to Banks
According to Federal Reserve data, for the first time in its history, the Fed has been losing money on a consistent monthly basis since September 28, 2022. As of the last reporting date of June 19, 2024, those losses add up to a cumulative $176 billion. As the chart above using Fed data shows, the losses thus far in 2024 have ranged from a monthly high of $11.076 billion in February to a low of $5.674 billion in May.
These losses are separate and distinct from the unrealized losses the Fed is experiencing on the debt securities it holds on its balance sheet. It does not mark those losses to market since it intends to hold the securities to maturity and their principal is guaranteed at maturity by the U.S. government.
Bill’s Commentary:
“Price always follows volume! Are you paying attention?”
US Pending Home Sales Unexpectedly Plunged In May To A New Record Low
After crashing in April, analysts expected a small rebound in pending home sales in May, but they didn’t.
That dragged the YoY change down 6.6% to a new record low…
“The market is at an interesting point with rising inventory and lower demand,” NAR Chief Economist Lawrence Yun said in a statement.
“Supply and demand movements suggest easing home price appreciation in upcoming months. Inevitably, more inventory in a job-creating economy will lead to greater home buying, especially when mortgage rates descend.”
Bill’s Commentary:
“Based on this chart, which asset will have THE greatest short squeeze rallies when the financial system goes south? To put this in easy terms to understand, based on current volume levels, the shorts would need to purchase (cover) an amount equal to 6 months worth of normal daily volume. This of course does not include “normal buying” which will be anything but normal …have you ever seen sharks in bloodied water before?! I promise you, the “cover” and resulting explosion will be unlike anything you have ever seen in any asset class in ALL OF HISTORY!”
Bill’s Commentary:
“Well, at least they have now given a timeline of 3 years. Do you really believe there will be no frontrunning?”
Brics Announces Plans to Completely Abandon the US Dollar
The Brics is a group of countries interested in the prevalence of international justice, while the West seeks in all ways to stop the multilateralization of the international community to prolong its hegemony.
The new development bank of the economic alliance Brics announced on Wednesday its plans to abandon completely the US dollar in the next 3 years.
Bill is interviewed by CapitalCosm
Bill’s Commentary:
“So, this qualifies as a school?”
No 8th Grader at LeBron James’ Ohio School Has Passed State Math Test Since 2019
Not a single 8th grade student at left-wing activist and basketball legend LeBron James’ I Promise School in Ohio has passed the state’s math proficiency exam since 2019, according to a review by the local Akron Beacon Journal.
“Seeing himself in the faces of Akron’s youth, he’s dedicated his time and resources to eliminating many of the barriers most inner-city students and families face. He’s rolled all of his philanthropic efforts into the I Promise School, which he considers one of the greatest achievements of his lifetime,” says the school’s website.
Bill’s Commentary:
“OF COURSE all the banks passed this test, did you think otherwise?”
As Usual All US Banks Pass the Fed’s “Stress” Test; Goldman Unexpectedly Has 2nd Ugliest Credit Card Portfolio
In the latest annual farce meant to boost confidence in the banking sector, moments ago the Fed announced that all the biggest US banks passed annual stress test with flying colors, paving the way for higher shareholder payouts as the industry awaits a watered-down version of a separate proposal for stricter capital requirements. Of course, all the banks that collapsed last March passed the “stress test” too, so there’s that.
Bill’s Commentary:
“On silver…”
Acceleration of the Silver Price Rise in the Short Term
China is the world’s factory and largely dominates the photovoltaic panels market, an industry that consumes a lot of silver. From January to May 2024, 1,663 tonnes of silver were delivered to the Shanghai markets (SGE and SFE), and analysts expect 3,992 tonnes to be delivered during this year.
While SFE stocks stood at 3,200 tonnes in January 2021, they fell to 684 tonnes on June 20, 2024.
Bill is interviewed by CapitalCosm. (also posted under Interviews)
Bill’s Commentary:
“A good one from Erik!”
The latest from Erik –
Bill’s Commentary:
“Are they planning to show the debate on the Comedy Channel?”
“This Proved Our Point”: CNN Anchor Slammed Over Mic-Cut Exposing Jake Tapper Lies
In case you needed a preview of what to expect during this week’s presidential election debate – hosted by CNN – we present the following…
Just seconds after Trump 2024 National Press Secretary Karoline Leavitt began to discuss CNN’s historical bias against her candidate – most specifically that of debate moderator Jake Tapper’s history of anti-Trump lies – CNN anchor Kasie Hunt “ma’am’d” her and immediately cut her mic and ended the interview…
Bill’s Commentary:
“Further proof that government statistics are pure bullshit!”
Newest Early Jobs Revision Shows No Net Job Growth During 2023
Monthly State Jobs Estimates Are Revised Annually. Each month our office publishes the most recent state employment figures from the the Current Employment Statistics (CES) survey. State employment figures come from this monthly survey, which is based on a small sample of businesses in the state. As a result, once per year the U.S. Bureau of Labor Statistics (BLS) does a benchmark revision, updating the monthly CES estimates to match more reliable administrative data from states’ Unemployment Insurance programs.
Federal Researchers Now Publishing Quarterly Revisions. Although the BLS only revises the state-level CES once per year, the underlying data used to revise the CES survey is collected quarterly. Taking advantage of this asynchrony, in 2021, researchers at the Federal Reserve Bank of Philadelphia began publishing state-level “early revisions” based on the same underlying data but revised more frequently.
Bill’s Commentary:
“He should never have been arrested in the first place, and Trump should have pardoned him…”
WikiLeaks founder Julian Assange strikes plea deal with the U.S.
WikiLeaks founder Julian Assange has entered into a plea deal with the U.S. government, bringing an end to a years-long international saga over his handling of national security secrets.
Assange is preparing to plead guilty to a single count of conspiring to obtain and disclose information related to the national defense in a U.S. federal court in Saipan, in the Northern Mariana Islands, a U.S. commonwealth in the Pacific, this week, according to newly filed court papers.
Bill’s Commentary:
“Your tax dollars (and government borrowing) at work!”
U.S. Airbase Authorizes Troops To Wear LGBT ‘Pride Patch’ Alongside Real Badges Of Honor
The latest example of the politicization of the military under the Biden administration (and there are many) has been revealed by Stars and Stripes. It reports that the commander of the Osan Air Force base in South Korea has authorized troops on the base to wear a “pride morale patch” on their military uniforms, in public and while on duty.
Insignia and patches on a soldier’s uniform used to serve the purpose of telling you something about the military qualifications and experience of the soldier. They now can also signal whether a soldier ascribes to the Democrat Party’s current political trends.
Bill’s Commentary:
“…AND Mike Pompeo”
Bill’s Commentary:
“This should tell you all you need to know about Mike Pence…”
Bill’s Commentary:
“Suddenly? There has been a banking problem since the turn of the century, now it’s “suddenly”?”
The Fed and FDIC Wake Up Suddenly to the Threat of Derivatives, Flunking the Four Largest Derivative Banks on their Wind-Down Plans
Since the financial crash of 2008 and the Fed’s multi-trillion dollar bank bailouts that followed, the Office of the Comptroller of the Currency (OCC) has been waving a giant red flag every quarter in its “Bank Trading and Derivatives Activities” reports. For sixteen years the OCC has been reporting that just four megabanks are responsible for more than 80 percent of the trillions of dollars in bank derivatives.
Bill’s Commentary:
“Can you say Banana republic land?”
The National Debt Crisis Is Coming
During the Obama administration, many economists and political commentators became worried that the U.S. faced endless budget deficits that could cause higher interest rates, depress investment, and slow economic growth. Some elected officials pressed for a so-called grand bargain in 2011 between the parties that would both reduce spending and increase revenue, and a bipartisan commission was appointed to address the issue.
Although the commission failed to reach an agreement, the negative consequences that budget hawks predicted didn’t come to pass. Instead of rising, inflation rates slowed after 2011 and remained low for years. The economy entered a period of growth until the pandemic disrupted everything.
Bill’s Commentary:
“This from the CDC presented by NBC, both with stellar reputations for “truth”. Will this be SO BAD that we cannot hold an election because everyone knows that mosquitos swarm polling stations in November?”
CDC issues dengue fever alert in the U.S.
The Centers for Disease Control and Prevention issued a health advisory Tuesday alerting authorities, health care providers and the public of the increased risk of dengue fever infections in the United States.
The alert comes as an unexpectedly higher number of dengue fever cases have been reported across the nation, according to the CDC.
A total of 2,241 cases have been reported so far this year in the U.S., including 1,498 cases in the U.S. territory of Puerto Rico, where a public health emergency was declared in March after cases exceeded historical figures. Most of the cases reported in states are travel related, according to the CDC.
Bill’s Commentary:
“Our pal Grizzly checks in with some advice; “Don’t come in the dark!””
Bill’s Commentary:
”Covid …was the “cure” for the flu! After many years of 30-40 million flu cases in the US, there were only 1,700 cases of the flu for the entire year 2021. How is that possible? It is possible because they are full of pure unadulterated bullshit! In my opinion, they blew their wad with fear mongering Covid, then releasing an evil, yet clownish “vaccine”. I do not believe they will get a second chance to administer more clot shot shots as many who were fooled and took the shot now know …it was not in their best interests. Rolling out another epidemic will be hard as they screwed up the first one and left too many loose ends that are being tugged on every day now …”
The latest from Erik –
The latest from USA Watchdog –
(Also posted under Interviews)
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