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Bill’s Commentary:
“Have you ever heard of gold being “hacked”?”
Coinbase says hackers bribed staff to steal customer data and are demanding $20 million ransom
Coinbase on Thursday reported that cybercriminals bribed overseas support agents to steal customer data to use in social engineering attacks. The incident may cost Coinbase up to $400 million to fix, the company estimated.
The crypto exchange operator received an email on May 11 from someone claiming they obtained information about certain Coinbase customer accounts as well as other internal Coinbase documentation, including materials relating to customer service and account management systems, Coinbase reported in a Securities and Exchange Commission filing.
The company’s shares were down more than 6% in morning trading.
Bill’s Commentary:
“Once convicted, maybe her punishment should be 10 years housing and feeding one ILLEGAL family per month prior to their deportment? Actually, she should offer this on her own as she is one of the “kind” people with shit for brains?”
Federal Grand Jury Indicts Wisconsin Judge Accused of Helping Illegal Immigrant Evade ICE
Milwaukee County Circuit Judge Hannah Dugan was indicted by a federal grand jury on May 13, after being arrested and accused of helping an illegal immigrant evade Immigration and Customs Enforcement (ICE) last month.
Her indictment comes after she was arrested by the FBI on April 25 and subsequently suspended from her duties as a judge by the Wisconsin Supreme Court.
A reserve judge has been working in her stead.
Bill’s Commentary:
“Unfortunately, they will come for all of us before it’s over…”
The latest from Erik –
Bill’s Commentary:
“You are what you eat…”
Gene-edited pork: The CRISPR pigs now heading to your dinner plate
(NaturalHealth365) The world’s first gene-edited pigs designed for human consumption just received FDA approval. While supporters hail this as a breakthrough in agriculture, critics worry about the long-term consequences of permanently altering our food supply.
This approval signals a new era in biotechnology that could transform farming forever or create unforeseen problems we’re unprepared to handle. Although these CRISPR-modified animals are immune to a costly disease, what does this mean for consumers who may unknowingly eat them next year?
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Bill’s Commentary:
“Scientists confirm that the “conspiracy theorists” were correct regarding the jab. Are we running out of conspiracy theories not proven to be real…?”
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The latest from USA Watchdog –
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Bill’s Commentary:
“No matter what, both sides of the Pacific Ocean will PUMP COPIOUS AMOUNTS OF NEW MONEY INTO THE SYSTEM as sure as death and taxes!”
China’s Keynesian Model Is Crumbling. It Needs a Trade Deal, Fast…
In the past decade, the Chinese economy has expanded its central-planned neo-Keynesian model that simply cannot survive without a trade deal. The Chinese manufacturing sector has followed a running-to-stand-still strategy that simply cannot subsist without the enormous trade surplus with the United States.
The Chinese manufacturing sector overcapacity is not an anecdote. It is the norm. China produces 30% of the world’s manufacturing goods but consumes less than 18%, according to CKGSB. Additionally, China’s industrial capacity utilization rate fell to 74.1% in the first quarter of 2025.
Bill’s Commentary:
“Drill baby drill!”
Gulf Coast may be sitting on more undiscovered oil and gas than we thought
Dating to the Cretaceous period, the geological era between 145.5 and 66 million years ago, the sedimentary rocks far underneath East Texas and Louisiana contain significant undiscovered energy resources, the U.S. Geological Survey reported this week.
According to a USGS news release, the Hosston and Travis Peak formations under the western Gulf Coast states could yield as much as 28 million barrels of oil and nearly 36 trillion cubic feet of natural gas. The release added that since exploration began, the formations have already produced 8 trillion cubic feet of natural gas and 126 million barrels of oil.
Bill’s Commentary:
“Remember this, the global financial system rests entirely upon “debt”. This foundation will ultimately be seen as quicksand…”
Japanese 40 Year Gov’t Bond Trading at Record High Yield Signals Trouble in One of the Largest Bond Markets
As I write, this morning the Japanese Government (JGB) 40 Year bond is trading at record high yield, currently 3.44%%.
There are only two times in history that the JGB 40 year has traded as high as 3%. That happened in January 2011 and again in January 2024.
As one can see in the chart above, rates on the JGB 40 year have spiked from just 2.60% a month ago to 3.44% today.
Bill’s Commentary:
“Interesting!”
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Bill’s Commentary:
“…and the “why” BRICS even formed.”
Global Shift to Bypass the Dollar Is Gaining Momentum in Asia
Banks and brokers are seeing rising demand for currency derivatives that bypass the dollar, as trade tensions add a sense of urgency to a years-long shift away from the greenback.
Firms are receiving more requests for transactions including hedges that sidestep the dollar and involve currencies such as the yuan, the Hong Kong dollar, the Emirati dirham and the euro. There’s also demand for yuan-denominated loans, and a bank in Indonesia is setting up a desk for the Chinese currency.
The vast majority of foreign-exchange trades use the dollar even if they’re transferring money between two local currencies. For example, an Egyptian company wanting Philippine pesos will typically transfer its local currency into the greenback before buying pesos with the dollars it receives. But companies are increasingly looking at strategies that skip the dollar’s role as a go-between.
Bill’s Commentary:
“Again, price always follows volume…”
Panic as US vacation rental boom collapses and owners rush to sell at steep discounts
Vacation homes are being dumped at a rapid rate as fresh fears of a housing market crash — and a shrinking pool of renters — rattle sellers.
The number of people buying second homes has plunged to its lowest level since records began, and is under a third of what it was during the pandemic boom.
A toxic mix of sky-high mortgage rates, soaring maintenance costs, and a widespread return-to-office push is fueling the trend.
Bill’s Commentary:
“Meet the new boss same as the old boss?”
‘Trump Sides With Pfizer’: Trump’s DOJ Has Dismissed Lawsuit Against Pfizer Concerning Its Fraudulent COVID Jab “Clinical Trial”— Brook Jackson
Pfizer Whistleblower Brook Jackson explains how Trump’s DOJ has dismissed her lawsuit against Pfizer concerning its fraudulent COVID-jab “clinical trial.”
Trump’s DOJ said her case “lacks merit” and “does not align with public health policy.” “The Biden administration had access to the same data that Trump does,” Jackson says.
“The two administrations have held the same position. Nothing has changed.”
The latest from USA Watchdog –
Bill’s Commentary:
“If you want to hear true history, just read Churchill and Roosevelt’s statements on the end of WWII…”
The latest from Erik –
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Bill’s Commentary:
“In 4 years, another $10 trillion in debt? Do we even get there without full on collapse? I seriously doubt it!”
https://www.usdebtclock.org/current-rates.html
Bill’s Commentary:
“He is worried about people saying ‘he died rich’? I would be more worried that people would say ‘the evil bastard died after using his wealth for ANTI HUMAN causes’!”
Bill Gates plans to give away nearly all of his personal wealth and shutter the Gates Foundation within 20 years, the billionaire announced in a blog post on Thursday.
“People will say a lot of things about me when I die, but I am determined that ‘he died rich’ will not be one of them,” wrote Gates, 69. “There are too many urgent problems to solve for me to hold onto resources that could be used to help people.”
The Microsoft co-founder, whose net worth Bloomberg currently estimates at $168 billion, has pledged for years to give away most of his wealth to his philanthropic foundation. His eventual goal is to drop “off of the list of the world’s richest people,” he wrote in a social media post in July 2022.
Bill is interviewed by Triangle investor (Also posted under Interviews)
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Bill’s Commentary:
“Erik speaks of many areas of the world and starts with Muslims. Thomas Jefferson certainly had an opinion on this….”
The latest from Erik –
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Bill is interviewed by Dan Fournier of Down the Rabbit Hole (Also posted under Interviews)
https://fournier.substack.com/p/32-the-great-monetary-reset-is-under
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The latest from USA Watchdog –
Bill’s Commentary:
“This is why you send your kids to trade school rather than letting them get indoctrinated by leftard stupidity at a college!”
The High-School Juniors With $70,000-a-Year Job Offers
PHILADELPHIA—Elijah Rios won’t graduate from high school until next year, but he already has a job offer—one that pays $68,000 a year.
Rios, 17 years old, is a junior taking welding classes at Father Judge, a Catholic high school in Philadelphia that works closely with companies looking for workers in the skilled trades. Employers are dealing with a shortage of such workers as baby boomers retire. They have increasingly begun courting high-school students like Rios—a hiring strategy they say is likely to become even more crucial in the coming years.
Employers ranging from the local transit system to submarine manufacturers make regular visits to Father Judge’s welding classrooms every year, bringing branded swag and pitching students on their workplaces. When Rios graduates next year, he plans to work as a fabricator at a local equipment maker for nuclear, recycling and other sectors, a job that pays $24 an hour, plus regular overtime and paid vacations.
Bill’s Commentary:
“Why is it a problem now? With all the new high tech? They did it smoothly 50 years ago with super low tech…”
Inside the multi-day meltdown at Newark airport
CNN — Air traffic controllers in Philadelphia were guiding planes to Newark Liberty International Airport in New Jersey last week when communications suddenly crashed.
“Approach, are you there?” one pilot asked the controller.
The controller stopped responding.
United Airlines Flight 1951, flying from New Orleans to the Newark hub, tried to radio the controller five times before finally getting a response.
“United 1951, how do you hear me?” the controller asks, according to air traffic control conversations recorded by the website LiveATC.net.
“I got you loud and clear, United 1951,” the pilot responds.
For at least 90 seconds, controllers lost the ability to see planes on radar scopes and for a minute they could not communicate with pilots, a source with knowledge of the situation tells CNN. (Transportation Secretary Sean Duffy said Monday air traffic controllers lost contact for 30 seconds.)
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Bill and Denny sat down with TRX CEO Stephen Mullowney for an update on operations.
Bill’s Commentary:
“How much “citizen rights” would an American receive if they broke into another country illegally? This should not even be a discussion…”
How much “Due Process” is Actually Due
A series of legal challenges are mounting against the Trump administration’s aggressive efforts to remove noncitizens, many of which allege violations of constitutional due process protections. Attorneys for the noncitizens in these cases argue that removals have been carried out without “due process.”
But what exactly is “due process” in this context? Everyone seems to be certain that everyone is entitled to it. Everyone seems pretty certain that it’s being denied. But does everyone clamoring for it actually know what “due process” would look like?
It turns out, not much.
Bill’s Commentary:
“Gold coming into the system, not out of it…”
China to boost yuan with overseas gold storage facilities as it challenges US hegemony
China will allow certain products traded on the Shanghai Gold Exchange to be delivered overseas by establishing storage facilities in other countries – part of a broader effort to promote the yuan and reduce reliance on the US dollar and US financial systems, according to top regulatory agencies.
In an action plan aimed at enhancing Shanghai’s cross-border financial services to support outbound investment and the Belt and Road Initiative, Chinese regulators said key financial platforms would be strengthened to better allocate global financial resources and enable deeper international investor participation in China’s markets.
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