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Bill’s Commentary:
“When the system comes down and people lose everything, they will absolutely beg for a CBDC and “universal basic income.” So sad …”
Bill’s Commentary:
“Jerome Powell fesses up the truth!”
Bill’s Commentary:
“Like I said a few days ago, we don’t need no stinkin’ economy as long as we have the Dow Jones!”
The Sahm rule has triggered: markets, please prepare for landing
The economic cycle is at an interesting inflection point where the effects of higher interest rates are becoming evident in numerous ways, be it a slowdown in the labour market, falling inflation, or wavering consumer and business confidence. Whilst a lower rate of inflation is welcomed, the important question remains: have interest rates been too high for too long, and has this caused irreparable damage to the economy in its current cycle? In this blog, I discuss the breaching of the Sahm rule, and whether the Federal Reserve (Fed) can manage to coordinate a ‘soft landing’, where monetary policy tools are used to reduce inflation to target levels, without pushing the economy into a recession.
Before assessing whether the Fed might be able to achieve this goal, let’s take a step back and assess how the recent inflation predicament arose.
Bill’s Commentary:
“We (the West) screwed China out of silver over 100 years ago… we’re about to get screwed by multiples as payback. They do, as you know, have a very long lasting memory…”
China’s Strategic Silver Takeover: A Calculated Move to Drain the West
A Hidden War for Economic Dominance
While the world has been focused on the geopolitical tensions between China and the West, a more subtle battle has been unfolding in the global financial markets. China, through a series of calculated moves, has been quietly accumulating vast quantities of gold and silver. This move has signaled a potential shift in the global economic landscape and highlights the developing countries’ need for exorbitant amounts of resources.
Silver: China’s Secret Weapon
In addition to its gold hoarding, China has also been strategically increasing its silver reserves. The Shanghai Metals Exchange has seen a significant surge in silver trading volume, with prices consistently higher than those on Western exchanges. This suggests that China may be deliberately driving up the price of silver to drain the West’s resources.
Bill’s Commentary:
“I wish Erik would just tell us how he really feels instead of holding back so much…!”
The latest from Erik –
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Bill’s Commentary:
“Their meeting in October is just around the corner!”
BRICS Makes Massive De-Dollarization Announcement
As the BRICS economic alliance continues its work to shift global finance, the group has made a massive de-dollarization announcement. Indeed, the bloc has expressed a notable milestone in its quest to lessen international reliance on the US dollar.
The collective has not been shy about its stance against the currency. Since 2022, the group has contested Western sanctions on Russia following the invasion of Ukraine. That led to a massive initiative to promote local currencies and even develop a BRICS native payment system. Those goals took a massive step forward this week.
Bill’s Commentary:
“Free abortions and vasectomies outside the DNC convention? And paid “influencers” to spread their word? Seems totally normal …right?”
Chicago DNC Event Features Bizarre List Of Guests And Speakers
It might sound trite these days to suggest that the political left has become an ideological cult, but when a group like this becomes increasingly more bizarre in their behavior with each passing month it’s hard to ignore the greater implications. As the Democrats try to make a clean getaway from Joe Biden’s disastrous presidency they have adopted an odd marketing strategy that one can only describe as “tortured optimism.”
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Bill’s Commentary:
“This pretty much confirms what I have said for several years now, the best place to “hide” from woke bullshit and government trying to shove skittles and unicorns down your throat …is Russia!”
Russia Offers Foreign Nationals Escaping ‘Destructive NeoLiberal Ideals’ Safe HavenThe Russian government says it will begin accepting visa applications from foreign nationals seeking to escape “neoliberal ideals.”
On Monday, Russian President Vladimir Putin signed a decree inviting world citizens fed up with far-left policies to come to Russia.
Applicants must reject leftist policies in their own countries “aimed at imposing destructive neoliberal ideals on people, which run counter to traditional Russian spiritual and moral values.”
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Bill’s Commentary:
“It’s only 29 straight down months, what’s the big deal? Everything is fine!”
US Leading Economic Indicators Plunge For 29th Month – Worse Than COVID Lockdowns
WTF is going on…
We have Kamala-nomics propoagandists expounding that price-controls are good for deflation and half of America believes it…
And now, we have US Leading Economic Indicators down for their 29th straight month – at a level worse than the trough of COVID lockdowns…
Bill’s Commentary:
“When I was growing up, we were told that if we worked hard we could succeed and become successful. Now, we are being told that if we become successful, they have the right to steal our shit?”
Bill’s Commentary:
“Qui bono? Can you say USA USA USA!”
‘Keep quiet’ Tusk tells Germany over Nord Stream revelations
Polish Prime Minister Donald Tusk has ordered “all initiators and patrons” of the Nord Stream pipelines to “keep quiet” following the revelation that Ukraine might have been behind the 2022 attack on the infrastructure and that Poland may have been in on the scheme.
The pipelines were seen as a critical part of Germany’s energy infrastructure before their destruction, with numerous successive Berlin governments backing their continued use and expansion.
Shortly after it was put forward that Kyiv and Warsaw may have been co-conspirators regarding the attack, Tusk posted on X that those who benefited from Nord Stream were at fault.
Bill’s Commentary:
“According to the Justus department, none of this is illegal if you are part of the club!”
What Does the House Impeachment Inquiry Report Say?
The impeachment inquiry into Joe Biden, formally adopted by the House of Representatives in December of last year, has released its final report and recommendation. Prepared by the Oversight and Accountability, Judiciary, and Ways and Means Committees, the report concludes that investigators have “accumulated evidence demonstrating that President Biden has engaged in impeachable conduct.”
According to the House investigating committees, Biden—while serving as vice president to Barack Obama—abused his office for monetary gain for himself and his family. The report states that “the Biden family and their business associates received tens of millions of dollars from foreign interests by leading those interests to believe that such payments would provide them access to and influence” with the U.S. federal government through then-Vice President Biden.
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Bill’s Commentary:
“Proof positive the woman knows nothing about economics nor finance …”
In First Policy Speech, Harris Offers Little Details on ‘Soviet’ Price Control Scheme
In her first policy speech as the Democratic presidential nominee, Kamala Harris officially proposed her economic plan to address the high cost of living but failed to offer additional details on what economists have called her “Soviet” price control scheme.
During the North Carolina rally, Harris said her price gouging plan—a phrase she mispronounced as “price gaging”—would pose “new penalties” for companies that “exploit crises and break the rules” and support “smaller food businesses that are trying to play by the rules and get ahead.” But Harris failed to address the concerns of top economists who slammed the proposal, first introduced on Wednesday, for being bad communist policy.
Bill’s Commentary:
“Some common sense from Erik for the weekend.”
The latest from Erik –
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Bill is interviewed by Texas Silver -Part 3 of 3 (Also posted under Interviews)
Bill is interviewed by Liberty and Finance (Also posted under Interviews)
How To Use SILVER When Credit Fails | Bill Holter
Bill Holter (https://billholter.com) warns of a collapse of the credit system and emphasizes the vital role of precious metals. He predicts that as the credit-based financial system fails, only tangible assets like gold and silver will retain value. Holter advises focusing on easily recognizable and hard-to-counterfeit forms of silver, such as constitutional silver, and cautions against relying on ETFs that may not hold physical metals. His message underscores the need to secure physical precious metals in preparation for a potential systemic collapse.
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Bill’s Commentary:
“Sadly, this is NOT The Onion or Babylon Bee…”
Secret Service Agent Abandoned Post Guarding Trump To Breastfeed: REPORT
A female Secret Service agent abandoned her post to breastfeed a child right before former President Trump’s North Carolina rally Wednesday, Real Clear Politics’ Susan Crabtree reported.
The site agent, in charge of security for the entire event, found her breastfeeding her child in a room that was supposed to be set aside for Secret Service “official work,” five minutes before Trump’s motorcade arrived, according to Crabtree.
The woman, who came from the Atlanta Field Office, was in the room with two other family members, Crabtree reported.Bill’s Commentary:
“Please understand that the fears back in 1980 are the reality today… times 1,000 or more. This clip from the movie Rollover portrays exactly where we are, but even more so because of the advent and orgy of financial derivatives. I am taking a couple of days off and leave you with this trailer to contemplate.”
Bill’s Commentary:
“For your review, the White Paper on “the Unit”, the proposed currency to come forth from the BRICS.”
The UNIT white paper
The UNIT fractal monetary ecosystem introduces a practical approach to creating essentially “apolitical money” that can be freely used as a storage of value or currency for payments via any open payment and clearing system, while providing long-term purchasing power stability. The UNIT ecosystem is proposed as a solution to the basic lack of trust problem stemming from the politicization of the use of a single global currency and constraints on its use for valuation and settlement of trade and capital flows.
We introduce the fractal monetary framework, which allows global financial system to function without directly using any national currencies for international trade and reserves. The UNIT is designed to serve as a convenient and stable global currency alternative within the existing financial infrastructure. It is also expected to be more resilient than any national currency to political exigences of the day.
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Bill’s Commentary:
“No matter what you think of Trump, this is plain wrong!”
Judge Merchan’s Daughter Raked in $12.7 Million in First Six Months of 2024
Loren Merchan, owner of Authentic Campaigns, nearly doubled her business from this same time two years ago. Having daddy preside over the New York trial of Donald Trump sure does help!
Democrats have paid the company owned by the politically active daughter of compromised Judge Juan Merchan at least $12.7 million in the first half of this year.
Federal election reports show Authentic Campaigns, the consulting firm owned by Loren Merchan, raked in the windfall between January 1 and July 1, 2024. Her father currently presides over Manhattan District Attorney Alvin Bragg’s case against Donald Trump in New York City.
Bill’s Commentary:
“This would fall under the category of seeing with your own eyes. This is a statistic the government cannot bullshit you about because the stores are either open, or as in today’s reality …CLOSED! If everything was just fine and retail sales humming along with a strong consumer, this would not be happening, but it is. Why is that? If you tell me that online sales are the reason, then I would ask about the underlying real estate of these brick and mortar stores, who will eat that disaster? Our national credit card will be cancelled very shortly!”
A “Retail Apocalypse” Is Gaining Momentum All Over America. Is Your Favorite Chain Closing Stores?
Why are retailers closing thousands of stores if the U.S. economy is in good shape? Of course the truth is that the U.S. economy is not in good shape at all. The cost of living crisis is absolutely crushing working families all over the nation, and U.S. consumers simply don’t have as much discretionary income as they once did. Needless to say, our retailers are highly dependent on discretionary spending, and many of them have been reporting very disappointing sales numbers recently. Sadly, the problems that our retailers are experiencing are only going to intensify as U.S. economic activity continues to slow down.
According to CBS News, U.S. retailers have announced the closing of more than 3,000 locations in 2024…
Bill’s Commentary:
“JJ checks in with the crazy short term, super high strike price calls on silver. My only guess is that the sellers are using these so their “sales” of futures are not naked. As for who the buyers are, I have not a clue?”
Great and Wonderful Wednesday Morning Folks,
We’re 13 days away from seeing the September Options in Silver come off the board. Those $200 Calls finally had some activity during yesterday’s trade, which lead to something else equally as crazy. That is unless this is something that is being done in preparation, maybe? I have posted below the Sept Silver Call options, the first picture is yesterday’s activities at the close, with this mornings (2nd picture) showing the changes in Open Interest. First our $200 Calls had a Volume of 186 trades between 0.002 and 0.003 ($10 – $15 in value respectively) the second picture shows the $200 Calls had no change in OI at all. Still a very stupid trade based on the short term.
However, the $60 Calls and the Volume made inside the first picture showing 1,223 purchases (Volume) when its Open Interest read 606. Picture 2 now shows the Open Interest on that $60 Call to be at 1,734 in OI. Almost a 2/3rds jump in open interest with only 13 Days to go.
Your guess is as good as mine as to what this may mean, It could also be part of an elaborate Iron Butterfly or Condor spread if one looks at all the option OI in between the $60 on up. We have 2 Tuesdays to go before we find out if this is a guy who was raised on bad math and thinking he bought $20 Calls instead of $200’s or if there is something else?
Regardless, have a great day, and as always …
Stay Strong!
Jeremiah Johnson
Bill is Interviewed by Texas Silver (Also posted under Interviews)
Episode 2 with Aaron at Texas Silver
Bill’s Commentary:
“Bravo, he names names!”
“The Council” – Who is Running the United States of America?
“The Council” and everyone and everything that emanates from them, has controlled the United States for the past fifty years for the purpose of extracting our nation’s wealth. Our constitutional government and the federal workforce’s purpose is to protect our wealth, and the “public good” of the American people. “The Council’s” purpose is to crush and destroy it.
They use the tools of indictments, obstruction, and government agencies they have weaponized to attack their enemies under false color of law. They alone select who will be winners and losers in politics, business, the economy, media, elections, education, and do so with complete amorality.
Bill’s Commentary:
“Erik on steroids!”
The latest from Erik –
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Bill’s Commentary:
“When was the last time you went to a mall?”
Apartments, hockey rinks and Amazon warehouses: Macy’s closures will set off a wave of change at shopping malls
Macy’s decision to close nearly a third of its stores will spark change in malls and communities across the U.S.
Some of those transformations may catch shoppers by surprise.
The retailer said in late February that it plans to close about 150 of its namesake locations by early 2027. Macy’s has not yet revealed which stores it will shutter. When CEO Tony Spring announced the move, he said the stores that Macy’s will close account for 25% of the company’s gross square footage but less than 10% of its sales.
Bill’s Commentary:
“The best place to get real news is on comedy channels…”
Bill’s Commentary:
“Here we are again!
I posted these three charts back on July 31 positing a move higher was imminent. It looked to be working well for a few days until the Japanese meltdown occurred and the moves were aborted. But here we are again in a very short period of time. Gold has already broken to new highs with the MACD crossing over to the upside. Both silver and the HUI have MACD lines touching and poised to cross to the upside. We have been watching the famed “Swiss stairstep” upwards since last October, it appears another step higher is imminent. I should also mention, when the system itself begins to break down, the step(s) higher will shock everyone!”
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Bill’s Commentary:
“No, this is not the Onion or Babylon Bee, but it is insanity! This too will change abruptly in the coming Great Reset…”
Gay trans ‘man’ to vote Kamala so ‘he’ can have more abortions
Tenet Media’s Tayler Hanson was out in Arizona ahead of a rally for the Kamala Harris, Tim Walz campaign and spoke to attendees about why they have decided to support the progressive presidential hopeful.
“Why are y’all voting for Kamala Harris?” Hansen asked to young women at the arena.
“I don’t wanna lose my rights,” one woman in a black Camp Half-Blood shirt said, referencing a fiction series by Rick Riordan.
Bill’s Commentary:
“In today’s world of fake news and bullshit, this may be bullshit? But, if this is proven true, the gates to hell have just been opened in my opinion.”
Japan Declares State of Emergency After ‘Nanobots’ Found in 96 Million Citizens
The globalist elite and Big Pharma are panicking, terrified of what the Japanese are finding, and they are doing everything they can to discredit these investigations, including ordering the mainstream media to initiate a total media blackout of any news coming out of Japan.
But we are not going to allow the elite to succeed in gaslighting the public any longer. Japan are uncovering crimes against humanity and the whole world needs to hear this information.
Bill’s Commentary:
“Nothing to worry about here!”
Exposure at Hedge Funds Has Skyrocketed to Over $28 Trillion; Goldman Sachs, Morgan Stanley and JPMorgan Are at Risk
According to a report at the U.S. Treasury’s Office of Financial Research (OFR), the Gross Notional Exposure at hedge funds has skyrocketed by 24.5 percent in the span of one year: from $22.946 trillion on March 31, 2023 to $28.579 trillion on March 31, 2024. (Run your cursor along the top green line at this link to observe the stunning growth in hedge fund exposures despite the banking crisis in the spring of 2023 when the second, third and fourth largest banks blew up.)
Gross Notional Exposure (GNE) is defined by OFR as “the sum of the absolute value of long and short exposures, including those on and off the balance sheet.”
The OFR was created under the Dodd-Frank financial reform legislation of 2010 to keep bank and market regulators informed of growing risks, in the hope of preventing another financial crisis like that of 2007-2010 from occurring.
From Wolfgang Rech –
Bill,"Discretionary" is in the eye of the beholder. Or should I say the beholden.
I could already feel Hyman Minsky breathing down my neck.
Wolfgang Rech
Correct Wolfgang, we are already paying 25%+ of tax revenues to interest alone. Bill
"How can the US, which is now $35 trillion in the hole justify this kind of irresponsible, profligate spending? The only possible answer for why this level of explosive deficit (and debt) growth continues, is the admin's ongoing attempts to buy as many votes as possible, as well as the relentless increase in interest on the US debt.And it only goes downhill from there, because as we have noted previously, the biggest risk factor is not so much spending on such discretionary items as social security, health and national defense ("how dare you say these are discretionary! these are mandatory, untouchable outlays" some will scream, but if and when the taxes dry up and the dollar loses its reserve status you will see just how discretionary they are), but on interest, and here recall what we said back in April: "interest on US debt - currently the second biggest government outlay at $1.2 trillion - will surpass social security and become the single biggest US expense before the end of 2024 at $1.6 trillion."..." Read more here...Bill is interviewed by Texas Silver (also posted under Interviews)
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