-
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.
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.
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
-
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. . . .
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.
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.”
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.
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.
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 Sunday, French 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.
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.”
-
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:
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.
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.
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.
-
Bill’s Commentary:
“I guess the question at this point is WHY?”
Good Morning and welcome to part 2 of the September Silver $200 Calls of confusion.
Yesterday, I had witnessed a large scale purchase of this said option, within a 40 minute time period before the S&P close, within a trading range between .001 and .002, going from a Volume of 134 all the way up to a total of 1,080 swaps at the ICE close (International Commodity Exchange). By all measure, one would have expected to see a change in the Open Interest which was recorded at 4,812 (buyers/sellers combined). The option value closed at 0.001 cent = $5. As of this morning, even after shutting down my trading platform and restarting, the Open Interest has not changed. It remains at 4,812. To add, the is an “ask” price of 1.5 cents and no bids up on the board so far this morning.
Since this trade was done after the Comex close, 1:25 PM Est, it may be that the Open Interest won’t change until the next trading day (Monday).
Admittedly I have no idea what this means. I do see $125/$150/$175/$200 Calls spread out till March 2025 (excluding the Jan/Feb serial months, for now). It could be a form of what is called a Calendar Spread, but is way super overweighted in Sept.
If anything else noteworthy happens on Monday, I’ll send out another note. Have a great weekend and as always
Stay Long!
Jeremiah Johnson
-
Bill’s Commentary:
“Drugged up athletes and drag queens, I think I will totally pass on this Olympics …”
Bill’s Commentary:
“Did he really say “after the GOVERNMENT tried to kill former President Trump?”
Bill’s Commentary:
“Our pal J. Johnson checks in with something quite interesting! Who in the world would pay money for October silver $200 calls? And for those who wrote these calls, could they end up being similar to the counterparties of “The Big Short”?”
To all; I saw something absolutely crazy today and have to tell you. Today is options expiration for August Options in Silver and Gold. I only watch Silver at present and have noticed someone had become a market maker in the $100/$125/$150/$200 Calls going out to March 2025 (maybe about a week ago). Today, about ½ hour before the S&P close I watch the Volume in the $200 Calls (September) go from 134 to now 861, and climbing, paying $5 each for them plus the commissions. Not sure what I am seeing here. Brokering for over 30 years and have never seen anything like before.
Hope it means something. Have a nice day, and as always ..
Stay Strong!
Jeremiah Johnson
An addendum from J. Johnson –
For the $200 Calls in September at 1,080. No other months have this kind of Volume that high at all. Truly an odd purchase.
-
Bill’s Commentary:
”Homeschooling is the answer to this!”
California teachers were right to severely punish girl, 7, for writing these words under Black Lives Matter drawing she gave to friend, judge rules
A California judge has ruled that teachers were right to punish a seven-year-old girl over a Black Lives Matter drawing because ‘she’s too young to have First Amendment rights.’
The first grader was banned from recess and drawing pictures at Viejo Elementary in Orange County after she added the words ‘any life’ below Black Lives Matter on a picture she drew and and gave to a black friend.
The picture showed the words ‘Black Lives Matter’ with four round shapes in various different tones of brown, beige and yellow, which was intended to ‘represent her friends’ who were ‘racially-mixed’.
Bill’s Commentary:
“Filed under the category of complete bullshit!”
Monday was the world’s hottest day ever recorded — breaking Sunday’s short-lived record
Sunday’s record as the hottest day ever recorded on Earth lasted only one day.
According to preliminary data from the European Union’s Copernicus Climate Change Service, the global average temperature reached 17.15 degrees Celsius (62.87 degrees Fahrenheit) on Monday, toppling the prior day’s record of 17.09 C.
In other words, the planet had its two warmest days back-to-back this week. “For those of you who are bent out of shape that silver stopped at $32, here is Michael Oliver to help your weak knees!”
Bill’s Commentary:
“For those of you who are bent out of shape that silver stopped at $32, here is Michael Oliver to help your weak knees!“
Michael Oliver: $50 Silver? No Problem.
This is an excellent interview conducted by Chris in which he and Michael discuss price and momentum as indicators of future price using historical context.
-
Bill’s Commentary:
“Truth, justice, and the American way?”
Trial in Bombing of U.S. Warship Set to Start 25 Years After Attack
The death-penalty trial of a prisoner accused of plotting the bombing of the U.S.S. Cole warship has been set to begin in October 2025. If the plan holds, the trial would coincide with the 25th anniversary of the Qaeda attack, which killed 17 U.S. sailors off the coast of Yemen.
Col. Matthew S. Fitzgerald, an Army judge, reserved a courtroom at Guantánamo Bay for the trial from Oct. 6, 2025, until Dec. 19 of that year, according to an order released by the court on Friday. Based on the court calendar, it would reach trial before the Sept. 11 case, whose judge has set 23 weeks of pretrial hearings for next year.
Bill’s Commentary:
”Don’t ever forget, when all is said and done, price ALWAYS follows volume…”
US Existing Home Sales Puked (Again) In July…
US existing home sales slumped for the fourth straight month in June, plunging a worse than expected 5.4% MoM (the worst MoM drop since Nov 2022) and dragging sales down 5.4% YoY…
Notably, existing home sales have not risen on a YoY basis since July 2021, with the SAAR total back below 4mm, near COVID lockdown lows…
-
Bill’s Commentary:
”A good history and explanation of silver price manipulation.”
Suppressing silver prices has been official U.S. 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 JPMorganChase and silver ETF SLV.
Bill’s Commentary:
”Update on Silver;
We posted this chart a little over 3 weeks ago. Silver did break higher but was contained at $32. Was it real selling or paper? I believe it was vastly paper but for now it does not matter, price is price. It will certainly matter when failure to deliver finally arrives. So here we are, right back at $29 support. This should hold, if not there is strong support at $25.50-26. If it does hold, it will require a week or two to stabilize but $32.50 should fall. This is all short term technical stuff, the reality is fundamental, not technical. The Western world has gone hyperbolic in its issuance of debt, $2-3 trillion per year just from the US alone, then add the other sovereign treasuries. Silver supply/demand has been in deficit for 3+ years and continues today. Between the supply deficit, Western central banks shortly being forced to ease due to financial stress and the fact that they have reached “debt saturation” levels, once this pullback is done, silver looks to me like we will see a spectacular 2nd half of the year after performing as the best asset in the 1st half. Hold tight and do not be shaken out. The biggest outlying gains always come in compressed timeframes! A great change in “global currency” is about to occur, you must be in place while it happens. You will either be IN, or you will be OUT, likely for the remainder of your financial life!”
-
Bill’s Commentary:
“The Babylon Bee is more honest than nearly any mainstream media source …”
Jill Biden Drops Out Of Presidential Race
WASHINGTON, D.C. — Jill Biden has formally dropped out of the 2024 presidential race, she announced today at a press conference that was supposed to be for her husband.
“I cannot in good conscience continue,” the acting president said as her husband wandered around somewhere backstage.
Bill’s Commentary:
”How is it possible that Joe got dumped on National Ice Cream day?”
National Ice Cream Day is on Sunday. Here’s where to get free ice cream this weekend.
WASHINGTON — Looking to score a sundae on Sunday? National Ice Cream Day 2024 is this weekend, meaning there’s plenty of offers and deals for a sweet treat.
The national holiday takes place every third Sunday in July, which is also known as National Ice Cream Month. It’s all thanks to President Ronald Reagan who signed a proclamation 40 years ago, partly due to his love of the frozen delight, designating the national month and holiday.
Bill’s Commentary:
”Weekend Erik for you”
The latest from Erik –
-
Subscribe
Subscribed
Already have a WordPress.com account? Log in now.
BillHolter.com 