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Bill is interviewed by CapitalCosm (Also posted under Interviews)
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Bill’s Commentary:
I’m taking a break for the upcoming holiday. Wishing you a very Merry Christmas!
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Bill’s Commentary:
“Our pal Pastor Stanley requesting help.”
The latest from USA Watchdog –
Bill’s Commentary:
“Goes without saying!”
ABC To Put Running Ticker On All News Shows Saying ‘FOR LEGAL PURPOSES DO NOT BELIEVE ANYTHING WE SAY’ https://buff.ly/3ZPKtql
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Bill’s Commentary:
“Par for the course in San Francisco!”
San Francisco Hires Obese ‘Body Positivity’ Activist To Work For Health Department
The San Francisco Department of Public Health has hired a self-described “unapologetically fat” body positivity activist to consult on “weight stigma and weight neutrality.”
No, this isn’t a Babylon Bee story.
“I’m unbelievably proud to serve the city I’ve called home for almost 20 years in this way!” Virgie Tovar posted on Instagram.
Bill’s Commentary:
“The real answer is BOTH… in addition to the Chinese fully understanding that “he who has the gold makes the rules”!”
Are China’s Big Gold Purchases for Protection Against the Dollar—Or to Attack It?
After taking a six-month break from an 18-month gold-buying spree, the People’s Bank of China (PBOC) resumed its policy of large gold purchases in November.
On Oct. 31, gold reached a record price of $2,790.15 an ounce. Although it fell 5 percent last month, it remains about 28 percent higher for the year.
Bill’s Commentary:
“Speculate yes, store your wealth… hell no!”
24 Reasons Why I Don’t Believe in Bitcoin & Crypto
Since Donald Trump’s decisive election victory last month, Bitcoin, Ethereum, Dogecoin, XRP, and a host of quirky altcoins are surging once again, evoking memories of the 2021 crypto mania. At this pace, even NFTs might stage a comeback—and honestly, I wouldn’t be surprised if they did! Over the years, I’ve made a number of successful bullish calls on Bitcoin, including in early-2016, 2019, 2020 before the 7x bull run, and the more recent breakout in October. Yet, despite these successes, I’ve never become a true believer in Bitcoin or cryptocurrencies. While the crypto community often dismisses, ridicules, gaslights, and shouts down anyone who dares to question their beloved investments, I’ve compiled a list of twenty-four valid and compelling reasons why I never fully embraced Bitcoin or the broader crypto arena.
Bill’s Commentary:
“The reality from Elon Musk”
https://twitter.com/elonmusk/status/1870206393334280578
Bill’s Commentary:
“I do not believe ANYONE, not even the authors of the chaos… have a full understanding of what comes?”
The latest from Erik –
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Bill’s Commentary:
“Why? Don’t we pay enough taxes to the federal government for them to get the job done? Unless of course, they would be shooting down their own drones?”
Give states the power to shoot down drones, says Homeland Security secretary
The US Homeland Security secretary has said states need the power to shoot down drones following criticisms of the government’s response to sightings across the East Coast.
Alejandro Mayorkas made the comments after state officials in New York and New Jersey said that Joe Biden’s administration had failed to get a grip on the issue.
Kathy Hochul, the New York governor, said drone activity had closed down the runways at Stewart International Airport.
Bill’s Commentary:
“As we’ve told you before many times, “price always follows volume”!
Housing Bubble & Bust #1 and #2 as Seen through Employment in Mortgage Lending
Housing bubbles create employment bubbles at mortgage lenders, and housing busts then cause the employment bubble at mortgage lenders to implode. From June 2021 through October 2024, employment at nonbank mortgage lenders plunged 35.8%, according to the latest data from the Bureau of Labor Statistics.
At the low-point in June, employment at nonbank mortgage lenders was down by 37% from the peak, having plunged from 292,700 employees in June 2021 to 183,100 employees in June 2024, the lowest since 1997, lower even than during Housing Bust 1.
Bill’s Commentary:
“If you look back at a chart, gold (and silver) back in October 2022, bottomed one day after the US Treasury said they were sequestering (confiscating) $300 billion+ of Russia’s Treasury reserves. The entire world saw this, do you really believe the world will be on board to store their wealth in something that can be shut down and taken electronically by the whim of a computer keystroke? No matter what, the US Dollar will lose its reserve currency status… B.R.I.C.S.”
The latest from Erik –
Bill’s Commentary:
“The 2nd half of this article by David Jensen is some very good history of Ft. Knox gold reserves.”
As Currency Debasement Squeezes The US, The Age Old Question: Is The Gold All There David Rockefeller?
As we are told the economy is strong and citizens are doing well, we continue to note and see further signs that this is not the case.
And as price inflation continues along with a sudden increase in interest rates, those who work for a living are being squeezed with their income barely sufficient to meet everyday expenses.
This can clearly be seen in this graph tweeted by Bravos Research:
The latest from USA Watchdog –
Bill’s Commentary:
“300 years of US currency debasement right before your eyes. Yet, if you say you are buying gold, you will be told how RISKY it is? Really?”
Bill’s Commentary:
“What would you expect with a “woke Pope” running the show? Being woke and going broke I guess is now a thing even if you are a church?”
Vatican ‘on the brink of Bankruptcy’ due to dramatic decline in global donations under Pope Francis’ Leadership
The Vatican has found itself in an unprecedented financial crisis as of late and according to reports, it was caused by a decline in donations.
The Vatican, which is the global headquarters of the Catholic Church, may be on the brink of bankruptcy, according to the Daily Express. A combination of factors brought about the crisis, but many blame the management of Pope Francis, who became the 266th pope in 2013.
A decade later, in 2023, the Vatican reported an operating deficit of $87 million. The number had increased by $5.3 million in the span of a year. This is one of the largest debts the Vatican has ever accumulated, and it jeopardizes the livelihoods of retired clergy and staff.
Bill’s Commentary:
“The majority of derivatives are written in dollar terms. This means that losers must pay back (or margin) in dollars. A strong dollar (and higher interest rates) from here are NOT conducive to the US, nor the rest of the world. We will soon see!”
Bill’s Commentary:
“Solves your mouse problem!”
California squirrels turning into carnivorous killers: ‘Never seen before’ia squirrels turning into carnivorous killers: ‘Never seen before’
Evolution works in mysterious ways. Sometimes, it creates specialized carnivores with sharp teeth and claws; other times, it turns seemingly peaceful plant-eaters into opportunistic hunters. Scientists have just documented the latter in action, discovering that California ground squirrels – those supposedly harmless seed-gatherers – have developed a taste for meat and the skills to obtain it.
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Bill’s Commentary:
“The US only produces 3% of global car production? Really? Do you understand?”
Bill’s Commentary:
“”Growing” out from under the debt is a pipe dream…”
Trump’s ‘explosive’ economic growth claims are no match for the $36 trillion debt
Jeff Bezos, Larry Fink and Donald Trump’s Treasury pick Scott Bessent all agree: Turbocharging economic growth is the best route to reining in the U.S.’s massive $36 trillion debt. History is not on their side.
Bessent warns that this is the “last chance” for the country to grow its way out of the record debt without becoming a “European-style socialist democracy.” Fink, who heads the world’s largest asset manager BlackRock, urged the incoming administration in an Election Day op-ed to promote artificial intelligence and infrastructure investments to grow the economy and tame the deficit. And Amazon founder Bezos told economic power brokers at the DealBook Summit this month that the only way to solve the problem is to expand the economy by 3 to 5 percent a year while simultaneously trimming annual deficits.
Bill is interviewed by Metals and Miners – (Also posted under Interviews)
Bill’s latest with USA Watchdog – (Also posted under Interviews)
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Bill’s Commentary:
“The incoming Treasury secretary is a gold bug… and gold is his biggest position!”
Trump’s Treasury Pick Sees A “Global Economic Reordering”
President Trump’s pick for Treasury Secretary, Scott Bessent, has stated that he believes the world is on the cusp of a “global economic reordering”. And he would “like to be a part of it”.
He has hinted at the need for a new international agreement on the level of the famous Bretton Woods Agreement of 1944. Bretton Woods, of course, established the world monetary order over 8 decades ago.
It sounds like Bessent is thinking big. He will certainly need to, given the challenges the Trump administration will face over the next four years. Trump will come into office at a key moment in American history, and his administration’s decisions will echo over the coming decades.
Bill’s Commentary:
“Weekend geopolitics with Erik”
The latest from Erik –
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Bill’s Commentary:
“Another conspiracy theory proven as fact… how does the saying go, payback is a bitch? The “high road” says go forward, I say, if you broke the law then you should go to jail. Without the rule of law, there is nothing!”
Report reveals that FBI spied on its likely new director, Kash Patel
It’s going to be awkward at FBI headquarters next month when President-elect Donald Trump’s pick to lead the bureau likely takes over.
According to a new government watchdog report, the FBI spied on its prospective new boss, Kash Patel.
Patel has promised to “clean house” at the Hoover Building, and hold all those who “abused their power” during the Russiagate “witch hunt” accountable.
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Bill’s Commentary:
“So, 2025 is the year…”
Bank of England announces it will keep the names of non-bank financial institutions it bails out a secret
On Monday, the Bank of England announced it will hide the identities of any pension funds, insurers or hedge funds bailed out to avoid the stigma. This new policy of secrecy to protect banks’ identity will begin in 2025 when the central bank launches its Contingent NBFI Repo Facility.
Also in 2025, the final parts of Basel III will be implemented. Basel III introduces bail-ins, where account holders rather than the government bail out a failing bank.
But that’s not all. In the “second half of this decade,” i.e. any time from 2025, is “the earliest” the Bank of England would issue a central bank digital currency.
Bill’s Commentary:
“Sorry not sorry!”
Janet Yellen “Sorry” After Presiding Over $15 Trillion Increase In US Debt
Something funny happened in late November.
Outgoing Treasury Secretary, and former Fed chair and vice chair, Janet Yellen said that she spoke with Donald Trump’s nominee to be her successor, Scott Bessent, after he was selected for the job. During a Tuesday event organized by the WSJ, Yellen said that in a call before Thanksgiving, she told Bessent, a veteran hedge-fund manager, about the breadth of the job and strength of the department’s staff.
Yellen, who had never worked one day in the private sector let alone a hedge fund where you are only as good as your last trade and only successful if you outsmart most of your peers, reiterated previous warnings against encroaching on Federal Reserve independence and on broad tariff hikes, while expressing regrets on the fiscal situation.
Bill’s Commentary:
“The budget is blowing out and will not get better from here. I see a currency and sovereign debt crisis dead ahead…”
Government Spending Shock: US Budget Deficit Soars In Worst Start To Year On Record
We thought last month’s US budget deficit was bad. Boy, were we wrong.
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 millions in debt. We are talking, of course, about the relentless debt-funded spree that somehow became synonymous with economic success in the US.
According to the latest Treasury data released today, in November – the second month of fiscal 2025 – the US spent a massive $584.2 billion, a 14% increase from the prior year, and a record for the month of November. For those who remember out outrage from a month ago, will also remember that the latest deficit number follows what was also a record government outlay for the month of October.
Bill’s Commentary:
“Wait, what? Why does she need a pardon? What could she have possibly done to need a pardon? Please tell us Bill!”
https://twitter.com/CitizenFreePres/status/1867297202877378812
Bill’s Commentary:
“But Ray Epps was not one of the 26?”
https://twitter.com/CitizenFreePres/status/1867274450900857019
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Bill’s Commentary:
“The actual size of gold on this pyramid now is miniscule, something like 1%. Gold is money, everything else is credit.”
Bill’s Commentary:
“I cannot believe they actually did this? How will the rest of the world react to this brazen theft? Poking the Bear one more time, is this FAFO?”
U.S. Transfers $20 Billion Loan to Ukraine Backed by Russian Assets
The Biden administration transferred $20 billion to Ukraine on Tuesday, providing an urgently needed economic lifeline in the form of a loan that will be repaid using interest earned from Russia’s frozen central bank assets.
The transfer of the funds comes as Ukraine is facing a period of grave uncertainty with President-elect Donald J. Trump poised to take office next month and Russia’s war continuing unabated.
Mr. Trump and Republicans in Congress are unlikely to continue to provide Ukraine with the same levels of economic and military support as the country received from Democrats and the Biden administration. But the conflict continues, and Ukraine has relied heavily on international aid to keep its economy afloat.
The latest from USA Watchdog –
Bill’s Commentary:
“100% true!”
Bill’s Commentary:
“How is this even possible? And we find out after 2 weeks of people reporting sightings? Do you still feel “safe,” or that your tax dollars for “defense” are being well spent? I do not! Lastly, if this Iranian ship in fact did launch drones over US airspace, why is it still floating?”
https://twitter.com/CitizenFreePres/status/1866910592281596320
Bill’s Commentary:
“As I said, this was outright and very public THEFT!”
‘Simply Robbery’: Moscow To Retaliate After US Hands Ukraine $20BN Utilizing Russian Assets
Russia on Wednesday blasted the US disbursing a $20 billion loan to Ukraine backed by frozen Russian assets as “theft” and “simply robbery” while vowing that retaliation will soon come.
On Tuesday, the Biden administration announced it disbursed the $20 billion loan for Ukraine, to eventually be paid back using interest earned on frozen Russian Central Bank assets, which has been a controversial plan long in preparation.
Washington said it issued the funds as part of the bigger total $50 billion loan being provided by the Group of Seven (G7) nations.Washington said it issued the funds as part of the bigger total $50 billion loan being provided by the Group of Seven (G7) nations.
Bill’s Commentary:
“Erik on Trump”
The latest from Erik –
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