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  • Bill’s Commentary:

    “Our pal Pastor Stanley checks in regarding Trump’s bitcoin proposal. In my opinion, the proposal is a joke, and one where the math does not add up. First off, US gold (supposedly held) is currently worth less than $700 billion, yet the Treasury is borrowing over $1 trillion every 4 months. The only thing it does is leverage (borrow from) the gold that probably no longer exists. A short term accounting trick and nothing more…”

    Bitcoin Will Not Save America

    WASHINGTON, D.C. – Following her announcement of a historic proposal to supercharge the U.S. dollar and pay down the national debt by establishing a strategic Bitcoin reserve, today U.S. Senator Cynthia Lummis (R-WY) officially introduced the Boosting Innovation, Technology and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act in the U.S. Senate.’…(Lummis Press Release)

    According to the proposed bill, the 1st $6 billion of net earnings of the Federal Reserve in any year will be utilized for the purpose of funding BTC purchase for the Bitcoin Purchase Program. This will not apply if the Federal Reserve does not remit net earnings for any fiscal year during the years of 2025 to 2029.

    Read more here…

    Bill’s Commentary:

    “A pretty good read”

    EVERYBODY KNOWS THE CAPTAIN LIED

    Having heard this Leonard Cohen classic on the radio a few days ago, the lyrics have been rattling around in my head as a perfect description of the dystopian horror show we are experiencing in the world today. The song has a dark, foreboding, cynical tone, capturing the sense of a coming catastrophe which everybody can see coming, but we are helpless to stop. Cohen wrote the song in 1987 and it perfectly captures the mood of a Third Turning Unraveling, where greed; narcissism; the breakdown of societal trust; confidence in governmental and financial institutions; and the deterioration of society into the “haves” and “have nots”; sets the stage for the Fourth Turning Crisis of financial collapse, war, and a violent bloody resolution by 2032. Third Turnings are periods of cynicism, deterioration of manners and civil authority, societal disunity, and a cultural descent towards degeneracy.

    Read more here…

    Bill’s Commentary:

    “Imagine sitting on top of this?”

    Bill’s Commentary:

    “Please watch this 1 minute video, the woman is absolutely correct and giving you Biblical advice!”

    Bill’s Commentary:

    “We live in real life “Idiocracy” …my life has gone from watching Leave it to Beaver to this?”

  • Bill’s Commentary:

    “”James Grant has forgotten more than what any Fed official has ever known, when it comes to “credit”, he is the go to source!”

    Gold: A Constructively Inhibiting Institution

    I stand with anachronism. I like the low hum of cultured voices, great books, and the dead authors who wrote them. I believe in the fedora hat, which should be tipped in the open air and doffed in an elevator. I support the gold standard.

    Nothing against progress. The sextant sailed us around the world and the slide rule got us up to the moon, but neither beats your pocket-sized GPS-cum-high-speed-computer-cum-Encyclopedia-Britannica.

    I understand the imperative of creative destruction, but where has prudence gone?

    Read more here…

    Bill’s Commentary:

    “Maybe these “humanoid robots” can be deployed for support at our borders?”

    Chinese-made humanoid robots raise alarms in Congress: ‘Stealth army on our land’

    Advanced Chinese-made robots with eerily lifelike capabilities are poised to enter the global market — and some US lawmakers are already demanding that they be banned in the US, The Post has learned.

    While not yet widely publicized, various Chinese companies have begun producing humanoid robots that are capable of carrying boxes, moving at high speeds and even replicating human facial expressions.

    One leading Chinese firm, Unitree Robotics, has developed a $90,000 robot capable of running at speeds of up to 11 mph. A cheaper $16,000 version can absorb punches and kicks and twirl a baton. Many other firms have similar products under development.

    Read more here…

    Bill’s Commentary:

    “All one needs to do is criticize the administration and poof …no fly list for you!”

    EXCLUSIVE – Federal Air Marshal Whistleblowers Report Tulsi Gabbard Actively Under Surveillance via Quiet Skies Program

    In an exclusive breaking story, several Federal Air Marshal whistleblowers have come forward with information showing that former U.S. Representative and Presidential candidate Tulsi Gabbard is currently enrolled in the Quiet Skies program. Quiet Skies is a TSA surveillance program with its own compartmentalized suspected terrorist watchlist. It is the same program being weaponized against J6 defendants and their families. Quiet Skies is allegedly used to protect traveling Americans from suspected domestic terrorists. The photo below is a screenshot from the actual Target Package used by the FAMS to surveil Gabbard.

    Read more here…

    From Wolfgang Rech:

    Bill,
    As the day opened with all markets crashing big time, retail investors couldn't log in to trade.
    Odd, isn't it?
    Purposely keeping retail out?
    Wolfgang
    
    
    Bill's Commentary:

    “Not odd at all Wolfgang, they have corralled the public and put “gates” up to impede selling. The final chapter will be just as Jim forecast, pulling the plugs out of the walls and closing everything. How else can they implement “The Great Taking”?” Bill

    Schwab, Fidelity, other online trading brokerages appear to go dark during huge market sell-off

    NEW YORK — Several online brokerage firms including Charles Schwab, Fidelity and Vanguard appeared to be down for thousands of users early Monday during one of the biggest stock markets sell-offs of 2024.

    User reports appeared to peak around and just before 10 a.m. ET, data from outage tracker Downdectector shows. Some frustrated customers online said that they were unable to log in or access their account balances.

    Read more here…

    Bill’s Commentary:

    “Jaime Dimon’s Op Ed is all well and good , if, and ONLY IF the leaders “installed” have the best interests of the country at heart …rather than implementing plans of destruction as they are currently!”

    The next president must restore our faith in America

    We live in a perilous time. Deeply divided, our nation now faces both challenging domestic issues and perhaps the most complicated geopolitical situation since World War II. We may be at an inflection point that will determine the fate of the free and democratic world for decades.

    We should not sleepwalk into disaster — we will prevail, but we need an active, comprehensive effort. This is precisely the time when strong American leadership is needed to unite us and strengthen the indispensable role our country plays for the safety of the world.

    Read more here…

    Bill’s Commentary:

    “They would never do this …would they?”

    Are Banks Sweeping Dud Property Loans Under the Rug?

    After the last major financial crisis, when scores of banks failed or took government bailouts while sporting seemingly pristine balance sheets, America’s accounting rule makers got working on a new system for reporting credit losses that was supposed to make lenders recognize them more quickly.

    That new set of rules has been in place for a little over four years. Investors could be forgiven for wondering if it is working any better than the former one.

    Read more here…

    Bill’s Commentary:

  • Bill’s Commentary:

    “GAME OVER, THE EVERYTHING MARGIN CALL HAS BEGUN!

      Many out there reading this have wished for this day, some for many years. As I have said all along, be careful what you wish for…  Japan’s central bank announced a .15% increase in interest rates and their stock markets on Thurs. began to crash. They went full on crash Friday with about a 6% loss. Sunday night/Monday morning, all markets opened for the week and immediately went into crash mode until the “circuit breakers” were hit, all markets have closed as of now.  The 3 day loss is worse than 1987. 

      Now we will watch as the rest of the world opens (or doesn’t?), Japan blowing up will meet each market open as the world turns, you are watching history being made.  Maybe they pull a rabbit out of their hats immediately, but it does not really matter, the world is facing a margin call of epic proportions!  The Yen carry trade alone is estimated to be $20 trillion (could be multiples of this on the OTC markets), this is Long Term Capital times 1 million.  You own (presumably) gold and silver because they are THE only monies that cannot bankrupt and you can hold them OUT of the system, you will very soon see firsthand exactly why you did what you did.  THE biggest margin call in the history of history has begun; the coming wreckage will astonish those who foresaw it coming! Time for your final preps!!!  Godspeed to you all!”

    Standing watch,

    Bill Holter

    www.BillHolter.com

    Bill’s Commentary:

    “Here is a shocker; after getting our ass kicked out of Afghanistan and $85 billion worth of equipment left behind, we are giving them a stipend? “

    Taliban Gets $239 Mil in U.S. Afghanistan Aid after State Dept. Fails to Vet Awardees

    Less than a year after Judicial Watch reported that the Taliban has established fake nonprofits to steal millions of dollars in U.S. aid to Afghanistan, a new investigation reveals that the terrorist group has also received hundreds of millions in development assistance from Uncle Sam because the State Department fails to properly vet award recipients. At least $239 million have likely filled the coffers of the extremists running the Islamic republic since the 2021 U.S. military withdraw, according to a report published this month by the Special Inspector General for Afghanistan Reconstruction (SIGAR). The money was disbursed by State Department divisions known as Democracy, Human Rights, and Labor (DRL) and International Narcotics and Law Enforcement Affairs (INL) to implement development projects intended to help achieve American foreign policy and national security goals in Afghanistan.

    Read more here…

    Bill’s Commentary:

    “When immigrants riot, it is called “mostly peaceful. But since these are native born citizens, they get arrested? I guess the ultimate will be when citizens finally get fed up and decide not to pay taxes that fund govt/police who have no intention of protecting the homegrown?”

    Second hotel attacked as Starmer warns rioters they will ‘regret it’ – as it happened

    A statement from Staffordshire police on Sunday night urged “members of the public to avoid the area around the Holiday Inn, Tamworth, as specialist officers continue to deal with violent acts of thuggery tonight (4 August).

    “A large group of individuals are in the area and have been throwing projectiles, smashing windows, starting fires and targeting police.

    Read more here…

  • Bill’s Commentary:

    “Erik on the difference between currency and money …and only 250 million dead is a very optimistic view in my opinion.”

    The latest from Erik –

    Bill’s Commentary:

    “DING DING DING! Did Warren Buffet ring the bell at THE top?”

    Warren Buffett raises Berkshire cash level to record $277 billion after slashing stock holdings

    Berkshire Hathaway’s cash pile swelled to a record $276.9 billion last quarter as Warren Buffett sold big chunks in stock holdings including Apple.

    The Omaha-based conglomerate’s cash hoard jumped significantly higher from the previous record of $189 billion, set in the first quarter of 2024. The increase came after the Oracle of Omaha sold nearly half of his stake in Tim Cook-led tech giant in the second quarter.

    Berkshire has been a seller of stocks for seven quarters straight, but that selling accelerated in the last period with Buffett shedding more than $75 billion in equities in the second quarter. That brings the total of stocks sold in the first half of 2024 to more than $90 billion. The selling by Buffett has continued in the third quarter in some areas with Berkshire trimming its second biggest stake, Bank of Americafor 12 consecutive days, filing this week showed.

    Read more here…

    Bill’s Commentary:

    “This resembles all Western financial markets …and society for that matter!”

    Another Chinese Olympic swimming medalist linked to doping scandal denies any wrongdoing

    Wang Shun vehemently denied that he ever cheated after winning a bronze medal in the men’s 200-meter individual medley at the Paris Olympics on Friday night. 

    Wang became the second swimmer linked to a Chinese doping scandal to claim a spot on the medal podium at these games, following Zhang Yufei.

    Read more here…

    Bill’s Commentary:

    “Why? Because they might be crazy …but they’re not stupid?”

    Central banks purchase gold to offset their own money destruction

    Why is the price of gold rising if the global economy is not in recession and inflation is allegedly under control? This is a question often heard in investment circles, and I will try to answer it.

    We must begin by clarifying the question. It is true that inflation is slowly decreasing, but we cannot say that it is under control. Let us remember that the latest CPI data in the United States was 3% annualized and that in the eurozone it is 2.6%, with eight countries publishing data above 3%, including Spain.

    This is why central banks need to give the impression of hawkishness and maintain rates or lower them very cautiously. However, monetary policy is far from being restrictive. Money supply growth is picking up, the ECB maintains its “anti-fragmentation mechanism,” and the Federal Reserve continues to inject money through the liquidity window. We can say, without a doubt, that monetary policy is beyond accommodative.

    Read more here…

  • Bill’s Commentary:

    “Probably easier to get in as a refugee than passing customs as a true US citizen?”


    The Latest Biden/Harris ‘Lawful Pathways’ Scheme: Declare Latin American Migrants to Be ‘Refugees’

    Almost sight unseen and scarcely noticed by the American public, the Biden/Harris administration’s Department of Homeland Security has super-charged yet another “Lawful Pathways” program to admit tens of thousands of people from Latin America who they claim would otherwise have crossed the border illegally.

    It’s called the Safe Mobility Office Initiative (SMO), Movilidad Segura in Spanish, jump-started in May 2023 and its capacity expanded this spring. The SMO initiative uses the U.S. refugee resettlement system in a historically atypical way that some critics see as abusive to fly in tens of thousands of people from nationalities the United States has very rarely regarded as warranting refugee resettlement in recent decades — in record numbers and in record-fast time, a CIS examination and analysis of the new program shows.

    Read more here…

    Bill’s Commentary:

    “No worries, it’s only a flesh wound!”

    The sale price of 135 West 50th Street in Midtown, which is only 35 percent full, was a sign of how much the pandemic upended the market for office buildings in New York City.

    In 2006, the hulking office building at 135 West 50th Street in Midtown Manhattan sold for $332 million. Tenants occupied nearly every floor; offices were in demand; real estate was booming.

    On Wednesday, it changed hands again, in an unusual online auction — for $8.5 million.

    The staggeringly low sale price of the 23-story glass behemoth that was once the headquarters of Sports Illustrated is the latest and perhaps most surprising sign of how the pandemic has upended the state of office buildings in New York City, home to the largest central business district in the United States.

    https://archive.is/v1sOe

  • Bill’s Commentary:

    “The oddity continues!”

    I’ve been watching these September Silver $200 Calls which has been stuck at 4,812 Open Interest for over a weeks’ time. Apparently yesterday, the open Interest went to 6,112. Not sure if they decided to add the trades from early in the week or “if” this was new? What would cause Silver to rise and put these options in the money? These options expire on August 28th

    Stay Strong!

    Jeremiah Johnson

    JeremiahJohnson@startmail.com

    Bill’s Commentary:

    “J. Johnson checks in again…”

    Ok, things are getting real interesting.

    No trades in the Sept $200 Calls with its OI at 6,112

    October $200 Calls has its Open Interest at 4 with a Volume of 30 at 0.004 ($20)

    November $200 Calls OI is at 79 with a Volume of 55 up on the board between .006 and .009 ($30 to $45)

    December $200 has its OI at 49 with no trades yet.

    Also, Silver’s Futures Open Interest has dropped just over 10% since July 17th, the Wednesday after the assassination attempt (and the Crowdstrike event), down from 166,799 to today’s count (which is yesterday’s OI at the close) at 151,246, – 15,553 in long/short trades.

    Is someone preparing for a major something? If so, the options, are now part of the play.

    Stay Strong!

    Jeremiah Johnson

    JeremiahJohnson@startmail.com

    From Wolfgang Rech –
    Bill,

    My cousin was a bronze medal winner in gymnastics, so I was always interested in the Olympic games...summer and winter.
    But no more. Not watching them ever again.
    Now they allow professionals, as well as ignoring gender.
    Shameful what it has become.
    Wolfgang Rech
    
    
    
    
    
    "W, not to mention the opening ceremonies?"  Bill
    hamburger-menu

  • Bill’s Commentary:

    “As I have been saying all along, somebody, somewhere, is swallowing all of these losses. The banking system does not have enough capital to eat what is coming, neither does the US Treasury without its capacity to borrow more. Imagine, the solution is to borrow money to sustain the losses of borrowed money. We do live in the most interesting of times!”

    “Absolutely Stunning”: CRE Analyst Lists Latest Office Tower & Mall Valuation Collapses 

    The commercial real estate downturn is still underway, posing significant risks for investors across financial markets. CRE-linked equities, corporate credit, structured credit, and private markets all feel the impacts of major unwinds as property prices plunge. 

    While headwinds from high interest rates may diminish in the coming quarters, with rate traders pricing in the possibility of the first 25bps cut as early as the mid-September FOMC meeting, the critical question is whether these projected rate cuts will be adequate to cushion the landing. 

    Office tower valuations remain sloped in a downward trend, plummeting in many cases, as vacancy rates soar as remote work trends keep white-collar workers out of the office and at home. These imploding values remain a massive threat to regional banks, with the CRE crisis likely to persist through 2025.

    Read more here…

    Bill’s Commentary:

    “As well they should. Which government is next?”

    Japan Apologizes to the Unvaccinated for the Millions of Deaths Caused by the Deadly COVID Shot (Video)

    Japan demands justice for the crimes against humanity perpetrated by those who knew that the shots were ineffective and extremely dangerous.

    Most people have no idea of the level of corruption of Fauci and the world news media who are responsible for the millions and perhaps soon billions of deaths around the world.

    FDA has now approved the same deadly vaccine which will now be called the Bird Flu Vaccine. Expect millions and millions more to die if they believe this lie.

    Read more here…

    Bill’s Commentary:

    “Another push higher?

    Here we go again, with another try! I posted these 3 charts back on May 11, I suggested we were about to move sharply higher in all 3 markets. We did, silver moved better than 20% in roughly 3 weeks. I posted them again at the beginning of July suggesting another move higher. Gold and the HUI index made new highs (the HUI is a new high since 2016, Gold is all time high). Silver got whacked at $32, so did not quite make a new high for this move. After a healthy pullback, here we are again! Gold and the HUI have MACD’s (bottom and right on each chart) in the process of crossing over again to the upside, silver is working on it and needs another 2-5 days to resolve. We got as low as a 74-1 gold to silver ratio at one point, we are now back up to 84-1. Silver is only 10 times more plentiful than gold, to see this ratio come down to 40-1 or lower should be expected. From here, a 40-1 ratio would mean that silver outperforms gold in purchasing power by better than 2-1. Be careful what you wish for however. Exploding metals, especially silver will create huge margin calls for the shorts, this will coincide with customers demanding delivery. At some point, a failure to deliver will occur. Does it happen in the immediate future? I do not know, I do know that the current global geopolitical scene is a disaster …with a backdrop of insolvent and bankrupt central banks and treasuries. Be shocked at nothing, anything can happen at any time to pull this curtain down. The financial situation is pure math, we know it, and they know it. They will kick this table over because the collapse must be to their timing, stay alert and skeptical!”

    Standing watch,

    Bill Holter

    www.BillHolter.com

  • Bill’s Commentary:

    “Please keep in mind, the author, James Howard Kunstler was a registered Democrat (I do not know if he still is?), and a liberal for most of his life. He says the “wokery” tide is now going out. While I would tend to agree, the problem is this, the asshats currently “in charge” will NEVER willingly relinquish power. I fully expect to see some sort of super crazy false flag prior to the election …so that “we the people” cannot have an election because that would be an attack on their DEMOCRACY! Mr. Kunstler is pretty spot on with this writing…so sad that it all has happened on our watch.”

    You’ll Never Work in This Town Again!

        Did we just witness the suicide of Wokery? I think you saw what’s called, in the argot of progressive thinking, the “queering” of the Olympics. That was some spectacle. First, Death on a Pale Horse came galloping down the Seine River so that no one would miss the point of the symbolism to follow: the beheaded Marie Antoinette portrayed singing in the window of a flaming palais (revolution anyone?). . . . Then, a tableau vivant of DaVinci’s The Last Supper “queered” to-the-max with a tattooed land-whale in the Jesus seat offering a Satan hand-signal among the swaying drag queens, plus one child ostentatiously in the mix (say, whu?). . . followed by a blue Dionysus crooning about nudity (“Nu”) on a giant fruit platter, with his ball-sack clearly on display among the cherries and nectarines. . . . It rained. . .tant pis. . . . The power went out and Paris ceased to be the City of Light. Finis. . . .

    Read more here…

    Bill’s Commentary:

    “Nothing is ever official …until it is “officially denied”.”

    CIA Denies Conspiracy Theory That It Used MKUltra on Trump Shooter

    Was the attempted assassination of former president Donald Trump earlier this month part of a secret CIA program involving brainwashed killers? That’s the claim being made by some far-right accounts on X, but the U.S. intelligence agency is taking the unusual step of directly and forcefully denying the claims.

    When it was revealed in the 1970s that the CIA had tried to develop a mind-manipulation program called MKUltra, it sounded like the most absurd conspiracy theory around. Unfortunately, it turned out to be true, even if the suggestive results of the program–and potential for creating Manchurian Candidate-like killers–have been exaggerated in the subsequent decades.

    Read more here…

    Bill’s Commentary:

    “Without doubt, the West is at an inflection point…”

    The latest from Erik –

  • Bill’s Commentary:

    “They also promote wearing a mask while alone in your car. You know, just in case?”

    San Francisco officials recommend wearing masks in some indoor spaces

    SAN FRANCISCO (KRON) — The San Francisco Department of Public Health is recommending that people begin wearing masks again in some indoor settings. In a post published to X, formerly Twitter, on Friday, the department recommended people “consider” wearing masks in crowded indoor spaces.

    “Make this summer a healthy one for yourself and others,” the department tweeted. “With COVID-19 circulating, please consider wearing a well-fitted mask in crowded indoor spaces.”

    Read more here…

    Bill’s Commentary:

    “Did you not see this one coming? Maybe you should “double booster up” for this one?”

    Pandemic 2.0 ready to go: FDA to grant emergency use authorization (EUA) to mRNA bird flu shots, just like what happened with COVID

    The medical establishment is teeing up for the launch of another “pandemic,” this one centering around H5N8 Influenza, also known as avian influenza or bird flu.

    The American Medical Association (AMA) made a few changes this past week to its Current Procedural Terminology (CPT) system, described as “the leading medical terminology code set for describing health care procedures and services.” One change is the creation of a new CPT code for H5N8 Influenza virus “vaccine” candidates that “receive emergency use authorization (EUA) from the U.S. Food and Drug Administration (FDA).”

    You may recall that during the Wuhan coronavirus (COVID-19) “pandemic,” the FDA granted EUA to the lineup of injections unleashed through Operation Warp Speed. Now, for the first time since COVID, the medical establishment is readying itself for what appears to be the next scamdemic: bird flu.

    Read more here…

    Bill’s Commentary:

    “This man never bluffs, the West does not seem to have learned this yet.”

    Putin warns US against deploying long-range missiles in Germany

    Vladimir Putin has warned the US that if Washington deploys long-range missiles in Germany from 2026, Russia will station similar missiles within striking distance of the west.

    The US would start deploying long-range fire capabilities in Germany in 2026 in an effort to demonstrate its commitment to Nato and European defence, Washington and Germany said earlier this month.

    The US’s “episodic deployments” are in preparation for longer-term stationing of such capabilities that will include SM-6 and Tomahawk cruise missiles and developmental hypersonic weapons that have a longer range than current capabilities in Europe, Washington and Berlin said.

    Read more here…

    Bill’s Commentary:

    “Doesn’t this sound like the exact playbook of the 2020 US election? And all if it to save “their” demoncracy!”

    Bill’s Commentary:

    “He should be fine as long as last rights were already performed?”

    Rebel Archbishop Slams Olympics As “Vile Attack On God”, Says Macron Married A Tranny, Obama “Accompanied By Muscular Man In Wig”

    As we noted on SundayFrench bishops were outraged at the Olympics’ opening ceremony over its blatant mockery of Christianity – in which transgender men and a child reenacted Leonardo da Vinci’s “The Last Supper” – along with many other sexualized scenes that included a man with his testicles exposed and hanging out of his outfit. The display has led to worldwide outrage, including several corporate sponsors ditching the Olympics.

    Read more here…

    Bill’s Commentary:

    Bill,

    An ounce of gold in hand is worth 2 Bitcoins in bush.
    No cables or internet outages to affect gold.
    Gold= the ultimate in no counterparty risk AND not contingent upon electronic operating consistency. 
    Wolfgang Rech 

    “You are correct Wolfgang. Bill”

    Second Sabotage? French Internet Fiber Cables Severed, Causing Widespread Disruptions

    France has experienced the second sabotage of critical infrastructure in just a few days. 

    Outage tracking website Netblocks confirmed on X, “Network data show disruptions to multiple internet providers in France amid reports of a fibre sabotage campaign targeting telecoms infrastructure during the Paris 2024 Olympics.” 

    Read more here…

  • Bill’s Commentary:

    “Mathematically a banana republic without even looking at the social and judicial aspects!”

    US National Debt Hits $35 Trillion. Debt-to-GDP Ratio, at Scary Levels, Dips a Tad. And T-Bills’ Share of this Debt

    The US national debt – the total amount of Treasury securities – rose to $35.00 trillion, according to the Treasury Department on Friday (rounded to the nearest billion: $34.998 trillion). Since the beginning of the year, in less than seven months, the debt has jumped by $1.0 trillion. Since January 2020, the debt has ballooned by 50%.

    The economy has been growing rapidly since the trough in 2020. Yet trillions in new debt were whizzing by so fast they were hard to see, like, “Oh wow, there went another one I think.” We don’t even want to know what this situation will look like during the next recession. But we know one thing for sure, this is nuts:

    Read more here…

    Bill’s Commentary:

    “Chris Powell of GATA on silver manipulation.”

    Suppressing Silver Prices Has Been Official US Policy Since 1965

    In the July 18 edition of Gold Newsletter, editor and publisher Brien Lundin wrote about the failure of silver prices to keep up with gold prices.

    “I’m not the kind of conspiracy buff that many of my friends in the industry are,” Lundin wrote, “but it’s hard to look at silver and not see some hidden hands at work (especially considering who holds so much of the metal in both physical and paper forms while acting as custodian for the biggest silver exchange-traded fund).”

    Of course, Lundin meant investment bank JPMorgan Chase and silver ETF SLV.

    Read more here…

    Bill’s Commentary:

    “Turning up the heat on a post that’s already boiling?”

    Putin warns US against deploying long-range missiles in Germany

    Vladimir Putin has warned the US that if Washington deploys long-range missiles in Germany from 2026, Russia will station similar missiles within striking distance of the west.

    The US would start deploying long-range fire capabilities in Germany in 2026 in an effort to demonstrate its commitment to Nato and European defence, the Washington and Germany said earlier this month.

    The US’s “episodic deployments” are in preparation for longer-term stationing of such capabilities that will include SM-6 and Tomahawk cruise missiles and developmental hypersonic weapons that have a longer range than current capabilities in Europe, Washington and Berlin said.

    Read more here…

    Bill’s Commentary:

    “Filed under the category of full of shit! If you believe this, please put your mask back on…”

    4 hottest days ever observed raise fears of a planet nearing ‘tipping points’

    As global temperatures spiked to their highest levels in recorded history on Monday, ambulances were screaming through the streets of Tokyo, carrying scores of people who had collapsed amid an unrelenting heat wave. A monster typhoon was emerging from the scorching waters of the Pacific Ocean, which were several degrees warmer than normal. Thousands of vacationers fled the idyllic mountain town of Jasper, Canada ahead of a fast-moving wall of wildfire flames.

    By the end of the week — which saw the four hottest days ever observed by scientists — dozens had been killed in the raging floodwaters and massive mudslides triggered by Typhoon Gaemi. Half of Jasper was reduced to ash. And about 3.6 billion people around the planet had endured temperatures that would have been exceedingly rare in a world without burning fossil fuels and other human activities, according to an analysis by scientists at the group Climate Central.

    Read more here…