Bill’s Commentary:
“$22 trillion in 10 years… but we don’t have 10 years”
The latest from USA Watchdog –
Bill’s Commentary:
“What does this say about Trump’s opinion of the dollar?”
Trump Media Raises Money to Buy $2.5 Billion in Bitcoin
Trump Media & Technology Group, the parent company of Truth Social, said on Tuesday that it would raise $2.5 billion from institutional investors to invest in Bitcoin, continuing its transformation from a social media company into a financial services and crypto play.
Trump Media, whose largest shareholder is President Trump, said it would raise $1.5 billion from about 50 institutional investors by selling roughly 58 million shares. The company is planning to raise an additional $1 billion from the sale of bonds that can also be converted into shares at a later date.
Bill’s Commentary:
“So, the US Treasury defaults, and these morons who buy CDS (credit default swaps) on US Treasuries believe they will actually get paid? In what medium may I ask? And what bank or broker will still be open? …Gold instead maybe?”
Credit default swaps are back in fashion — even if the panic might be overblown
Investors are getting nervous the U.S. government might struggle to pay its debt — and they are snapping up insurance in case it defaults.
The cost of insuring exposure to U.S. government debt has been rising steadily and is hovering near its highest level in two years, according to LSEG data.
Spreads or premiums on U.S. 1-year credit default swaps were up at 52 basis points as of Wednesday from 16 basis points at the start of this year, LSEG data showed.
BillHolter.com 
Thank you pamelamoves@gmail.com
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Just finished watching an interview with Katherine Fitts, who said the bankers and their ilk have, over the last 20 or 30 years, stolen 23 trillion and that they might be planning to use it to float the programmable stablecoin as a sink for the debt, so therefore the dollar will never collapse.
I don’t know about this. I would assume if they stole that much from the various wars and bureaucracies and slush funds, they would have it in Panama banks or Singapore. Her explanation doesn’t explain why the central banks are all desperate to stack gold bullion.
Would you question the credibility of her assertion?
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