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Bill is interviewed at Coffee and a Mike (also posted under Interviews)
Bill’s Commentary:
“So not only is The Fed sitting on huge unrealized losses, they also have a cash operating loss since 2022? And this is the entity that issues the world’s reserve currency? At least now you know why the world has formed a competitive bloc called the “BRICS”!”
The Fed Posts Historic Operating Losses As It Pays Out 5.40 Percent Interest to Banks
According to Federal Reserve data, for the first time in its history, the Fed has been losing money on a consistent monthly basis since September 28, 2022. As of the last reporting date of June 19, 2024, those losses add up to a cumulative $176 billion. As the chart above using Fed data shows, the losses thus far in 2024 have ranged from a monthly high of $11.076 billion in February to a low of $5.674 billion in May.
These losses are separate and distinct from the unrealized losses the Fed is experiencing on the debt securities it holds on its balance sheet. It does not mark those losses to market since it intends to hold the securities to maturity and their principal is guaranteed at maturity by the U.S. government.
Bill’s Commentary:
“Price always follows volume! Are you paying attention?”
US Pending Home Sales Unexpectedly Plunged In May To A New Record Low
After crashing in April, analysts expected a small rebound in pending home sales in May, but they didn’t.
That dragged the YoY change down 6.6% to a new record low…
“The market is at an interesting point with rising inventory and lower demand,” NAR Chief Economist Lawrence Yun said in a statement.
“Supply and demand movements suggest easing home price appreciation in upcoming months. Inevitably, more inventory in a job-creating economy will lead to greater home buying, especially when mortgage rates descend.”
Bill’s Commentary:
“Based on this chart, which asset will have THE greatest short squeeze rallies when the financial system goes south? To put this in easy terms to understand, based on current volume levels, the shorts would need to purchase (cover) an amount equal to 6 months worth of normal daily volume. This of course does not include “normal buying” which will be anything but normal …have you ever seen sharks in bloodied water before?! I promise you, the “cover” and resulting explosion will be unlike anything you have ever seen in any asset class in ALL OF HISTORY!”
Bill’s Commentary:
“Well, at least they have now given a timeline of 3 years. Do you really believe there will be no frontrunning?”
Brics Announces Plans to Completely Abandon the US Dollar
The Brics is a group of countries interested in the prevalence of international justice, while the West seeks in all ways to stop the multilateralization of the international community to prolong its hegemony.
The new development bank of the economic alliance Brics announced on Wednesday its plans to abandon completely the US dollar in the next 3 years.
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Bill’s Commentary:
“So, this qualifies as a school?”
No 8th Grader at LeBron James’ Ohio School Has Passed State Math Test Since 2019
Not a single 8th grade student at left-wing activist and basketball legend LeBron James’ I Promise School in Ohio has passed the state’s math proficiency exam since 2019, according to a review by the local Akron Beacon Journal.
“Seeing himself in the faces of Akron’s youth, he’s dedicated his time and resources to eliminating many of the barriers most inner-city students and families face. He’s rolled all of his philanthropic efforts into the I Promise School, which he considers one of the greatest achievements of his lifetime,” says the school’s website.
Bill’s Commentary:
“OF COURSE all the banks passed this test, did you think otherwise?”
As Usual All US Banks Pass the Fed’s “Stress” Test; Goldman Unexpectedly Has 2nd Ugliest Credit Card Portfolio
In the latest annual farce meant to boost confidence in the banking sector, moments ago the Fed announced that all the biggest US banks passed annual stress test with flying colors, paving the way for higher shareholder payouts as the industry awaits a watered-down version of a separate proposal for stricter capital requirements. Of course, all the banks that collapsed last March passed the “stress test” too, so there’s that.
Bill’s Commentary:
“On silver…”
Acceleration of the Silver Price Rise in the Short Term
China is the world’s factory and largely dominates the photovoltaic panels market, an industry that consumes a lot of silver. From January to May 2024, 1,663 tonnes of silver were delivered to the Shanghai markets (SGE and SFE), and analysts expect 3,992 tonnes to be delivered during this year.
While SFE stocks stood at 3,200 tonnes in January 2021, they fell to 684 tonnes on June 20, 2024.
Bill is interviewed by CapitalCosm. (also posted under Interviews)
Bill’s Commentary:
“A good one from Erik!”
The latest from Erik –
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Bill’s Commentary:
“Are they planning to show the debate on the Comedy Channel?”
“This Proved Our Point”: CNN Anchor Slammed Over Mic-Cut Exposing Jake Tapper Lies
In case you needed a preview of what to expect during this week’s presidential election debate – hosted by CNN – we present the following…
Just seconds after Trump 2024 National Press Secretary Karoline Leavitt began to discuss CNN’s historical bias against her candidate – most specifically that of debate moderator Jake Tapper’s history of anti-Trump lies – CNN anchor Kasie Hunt “ma’am’d” her and immediately cut her mic and ended the interview…
Bill’s Commentary:
“Further proof that government statistics are pure bullshit!”
Newest Early Jobs Revision Shows No Net Job Growth During 2023
Monthly State Jobs Estimates Are Revised Annually. Each month our office publishes the most recent state employment figures from the the Current Employment Statistics (CES) survey. State employment figures come from this monthly survey, which is based on a small sample of businesses in the state. As a result, once per year the U.S. Bureau of Labor Statistics (BLS) does a benchmark revision, updating the monthly CES estimates to match more reliable administrative data from states’ Unemployment Insurance programs.
Federal Researchers Now Publishing Quarterly Revisions. Although the BLS only revises the state-level CES once per year, the underlying data used to revise the CES survey is collected quarterly. Taking advantage of this asynchrony, in 2021, researchers at the Federal Reserve Bank of Philadelphia began publishing state-level “early revisions” based on the same underlying data but revised more frequently.
Bill’s Commentary:
“He should never have been arrested in the first place, and Trump should have pardoned him…”
WikiLeaks founder Julian Assange strikes plea deal with the U.S.
WikiLeaks founder Julian Assange has entered into a plea deal with the U.S. government, bringing an end to a years-long international saga over his handling of national security secrets.
Assange is preparing to plead guilty to a single count of conspiring to obtain and disclose information related to the national defense in a U.S. federal court in Saipan, in the Northern Mariana Islands, a U.S. commonwealth in the Pacific, this week, according to newly filed court papers.
Bill’s Commentary:
“Your tax dollars (and government borrowing) at work!”
U.S. Airbase Authorizes Troops To Wear LGBT ‘Pride Patch’ Alongside Real Badges Of Honor
The latest example of the politicization of the military under the Biden administration (and there are many) has been revealed by Stars and Stripes. It reports that the commander of the Osan Air Force base in South Korea has authorized troops on the base to wear a “pride morale patch” on their military uniforms, in public and while on duty.
Insignia and patches on a soldier’s uniform used to serve the purpose of telling you something about the military qualifications and experience of the soldier. They now can also signal whether a soldier ascribes to the Democrat Party’s current political trends.
Bill’s Commentary:
“…AND Mike Pompeo”
Bill’s Commentary:
“This should tell you all you need to know about Mike Pence…”
Bill’s Commentary:
“Suddenly? There has been a banking problem since the turn of the century, now it’s “suddenly”?”
The Fed and FDIC Wake Up Suddenly to the Threat of Derivatives, Flunking the Four Largest Derivative Banks on their Wind-Down Plans
Since the financial crash of 2008 and the Fed’s multi-trillion dollar bank bailouts that followed, the Office of the Comptroller of the Currency (OCC) has been waving a giant red flag every quarter in its “Bank Trading and Derivatives Activities” reports. For sixteen years the OCC has been reporting that just four megabanks are responsible for more than 80 percent of the trillions of dollars in bank derivatives.
Bill’s Commentary:
“Can you say Banana republic land?”
The National Debt Crisis Is Coming
During the Obama administration, many economists and political commentators became worried that the U.S. faced endless budget deficits that could cause higher interest rates, depress investment, and slow economic growth. Some elected officials pressed for a so-called grand bargain in 2011 between the parties that would both reduce spending and increase revenue, and a bipartisan commission was appointed to address the issue.
Although the commission failed to reach an agreement, the negative consequences that budget hawks predicted didn’t come to pass. Instead of rising, inflation rates slowed after 2011 and remained low for years. The economy entered a period of growth until the pandemic disrupted everything.
Bill’s Commentary:
“This from the CDC presented by NBC, both with stellar reputations for “truth”. Will this be SO BAD that we cannot hold an election because everyone knows that mosquitos swarm polling stations in November?”
CDC issues dengue fever alert in the U.S.
The Centers for Disease Control and Prevention issued a health advisory Tuesday alerting authorities, health care providers and the public of the increased risk of dengue fever infections in the United States.
The alert comes as an unexpectedly higher number of dengue fever cases have been reported across the nation, according to the CDC.
A total of 2,241 cases have been reported so far this year in the U.S., including 1,498 cases in the U.S. territory of Puerto Rico, where a public health emergency was declared in March after cases exceeded historical figures. Most of the cases reported in states are travel related, according to the CDC.
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Bill’s Commentary:
”Covid …was the “cure” for the flu! After many years of 30-40 million flu cases in the US, there were only 1,700 cases of the flu for the entire year 2021. How is that possible? It is possible because they are full of pure unadulterated bullshit! In my opinion, they blew their wad with fear mongering Covid, then releasing an evil, yet clownish “vaccine”. I do not believe they will get a second chance to administer more clot shot shots as many who were fooled and took the shot now know …it was not in their best interests. Rolling out another epidemic will be hard as they screwed up the first one and left too many loose ends that are being tugged on every day now …”
The latest from Erik –
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The latest from USA Watchdog –
(Also posted under Interviews)
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Bill’s Commentary:
”Here’s a shocker!”
Historian warns America could face destruction because of controversial policy that both Biden and Trump have backed
America’s status as the world’s greatest power will end for the same reason as its predecessors – crushed by a mountain of debt that politicians find convenient to ignore, historians have warned.
And the United States’ century at the top could be coming to an end quicker than expected with countries in Asia increasingly likely to pull the plug.
Interest payments on the debt overtook spending on defense earlier this month, but it will not be force of arms that brings the country down, according to historian Professor Niall Ferguson.
Bill’s Commentary:
“This does not matter …until it matters!”
Bill’s Commentary:
”PROOF that you cannot fix stupid!”
Bill’s Commentary:
”Jim used to call this “the last man standing”…”
AS DOMINOES FALL, GOLD WILL STAND STRONGER THAN EVER
Some of the important dominoes the world will see falling are: Political, Geopolitical, Currency, Debt and Investment Assets.
The consequences will be unthinkable – Social Unrest, War, Hyperinflation, Deflationary Implosion of Assets, Debt Defaults and much more.
But when things settle down, there will also be offsetting forces such as the emergence of powerful BRICS nations often backed by commodities.
Bill’s Commentary:
”From the ministry of truth…”
EXCLUSIVE – New Docs Reveal the Brennan-Clapper-Led DHS Committee Proposed Americans Report Neighbors to the Feds
WASHINGTON, D.C. – Today, following its victory that resulted in the disbanding of the Department of Homeland Security (DHS) “Homeland Intelligence Experts Group,” America First Legal (AFL) is releasing the first tranche of the group’s internal meeting notes, exclusively obtained from litigation. This is the first installment of #DeepStateDiaries, a multi-part series of releases including newly obtained documents.
As part 1, newly obtained documents reveal that the advisory committee that included John Brennan and James Clapper discussed ways for DHS to increase efforts to collect intelligence on Americans across the country, including attempting to “get into local communities in a non-threatening way.”
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Bill’s Commentary:
“Wolfgang checks in re Ft. Knox:”
Bill,
Thank you for the article regarding Fort Knox.
To give people an understanding of how large our current budget deficit is, consider this:
The supposed 8,000 tons of gold we claim to have, comes to under $600 billion at today’s price.
Our current budget deficit for 2024 is $1.9 trillion!
That doesn’t even come close to the shortfall in this years budget.
We would need 24,000 tons for just this year, and that’s to cover our deficit, NOT fund the entire budget!
Wolfgang
W, if this were not so sad, it would be hilarious! Can you imagine what the price of gold would need to be to settle global trade? Gold will be a very significant percentage backing to whatever the new currency is that settles trade after the dollar fails. Assume a 20-40% backing, do that math …! Best, Bill
Bill’s Commentary:
”Is silver bouncing exactly where it is supposed to? $29 is support from the previous highs back in April and also support from the 50 day moving average. Given a week or so, this looks like we may see another “hook” in the MACD turning upwards and crossing over. I think we could see at $34-37 on this next leg but we need to see more work done here digging off support. In any case, a very big move either up, or down is in the cards as we have spent nearly 3 weeks chopping in the $29-31 zone, not overbought nor oversold on the daily’s and coiled for a move one way or the other. Add the fundamentals where silver is in a structural deficit and a snorting bull market/major short squeeze looks likely. Stay tuned!”
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Bill’s Commentary:
”Though not complete, this may be the best information we will ever get as to what happened to Ft. Knox gold.”
The Golden Cover-Up Begins
How was the Fort Knox gold drain first discovered? Although the London Gold Pool and gold sales were by no means a secret, the full implication of the gold drain from America was understood by very few people until it hit one of the early tabloids in 1974. What followed was a typical scenario of government stonewalling, half-truths and lies that eventually backed the bureaucrats into a corner, but not without some dedicated work by one determined individual, Ed Durell.
Informant Dies Mysteriously
New York On July 3, 1974, 59-year-old Louise Auchincloss Boyer died after falling from the window of her 10th-floor apartment at 530 East 86th Street. The event was ruled a probable suicide and duly reported the next day in the New York Times. Note that Mrs. Boyer was the granddaughter of none other than Col. House, the man who guided the Federal Reserve Act through Congress for Morgan, Rockefeller, Warburg and company. Although to date it has not been determined whether there was a relationship, Jackie Kennedys father was Hugh Auchincloss. It is known that Jackies grandfather helped John D. Rockefeller found Standard Oil.
Mrs. Boyers death torched a firestorm of controversy and rocked a previously inviolable element of Americana the security of the nations gold reserves held at Fort Knox. Perhaps not coincidentally, only three days earlier, Mrs. Boyer, had been featured as an unnamed source in a spectacular story in the tabloid, National Tattler. Readers were shocked by the sensational headline:International Monetary Expert Sounds Alarm:
NO GOLD LEFT IN FORT KNOX!Bill’s Commentary:
”Such a deal, who gets dibs on the penthouse?”
Bill’s Commentary:
”How much gold is China really buying and how much have they already bought?”
The mysterious gold buyer in China
As the price of gold reached an all-time high in May, many people believed that China was the dominant force behind the rally. A widely quoted fact is that the People’s Bank of China (PBOC) increased its gold reserves for 18 straight months. Chinese gold reserves have gone up by 10.16mn ounces (or 316 tonnes) from October 2022 to April 2024, reaching 72.8mn ounces (or 2,258 tonnes). In 2023, the PBOC bought 231 tonnes.
Gold not that significant in China’s reserves
However, neither the size nor the growth of the PBOC’s official gold reserves is particularly large. To put it into perspective, despite having the world’s largest forex reserves, China’s gold reserves are only the fifth largest, slightly behind Russia’s. Gold still only makes up slightly less than 5% of the PBOC’s total official reserves. The US tops the list with over 8,000 tonnes of gold reserves. Germany and Italy have the second and third largest reserves.
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Bill’s Commentary:
”Of course this is Oregon! It should be an automatic lawsuit with the coach retiring due to suppression and retribution to his 1st amendment rights and just plain common sense which is not so common on the left coast…”
Oregon Track And Field Coach FIRED After Asking State Officials To Protect Single-Sex Sports
The head track and field coach at a high school in Oregon has been fired after writing letters to state officials expressing his concerns about allowing biological males to compete with girls.
John Parks, who had been employed at Lake Oswego High School since January of last year, says his contract was terminated shortly after he began speaking out against trans-identified males self-identifying into female races.
Parks explains that he first wrote the Oregon Student Activities Association with his concerns just before the controversial May 18 state championships where a trans-identified male student participated with the girls.
Bill’s Commentary:
”Margin call!”
The Music Just Stopped: Japan Banking Giant Norinchukin To Liquidate $63 Billion In Treasuries & European Bonds To Plug Massive Unrealized Losses
Last October, when the wounds from the March 2023 bank failures – which surpassed the global financial crisis in total assets and which sparked the latest Fed intervention, setting the market’s nadir over the past 16 months – were still fresh, we made a non-consensus prediction: we said that since the Fed has once again backstopped the US financial system, “the next bank failure will be in Japan.“
This prediction only got warmer two months later when, inexplicably, Japan’s Norinchukin bank, best known as Japan’s CLO whale, was quietly added to the list of counterparties for the Fed’s Standing Repo Facility, a/k/a the Fed’s foreign bank bailout slush fund.
The latest from USA Watchdog –
Bill’s Commentary:
“Some deep Erik for you!”
The latest from Erik –
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Bill’s Commentary:
“Laws for thee but not for me?”
The Corruption of Merrick Garland
This week, Attorney General Merrick Garland took to the pages of the Washington Post to lash out at critics who are spreading what he considers “conspiracy theories crafted and spread for the purpose of undermining public trust in the judicial process itself.” His column, titled “Unfounded attacks on the Justice Department must end,” missed the point.
It is Garland himself who has become the problem. The solution is in Wilmington, Delaware, where 12 average citizens just showed a commitment to the rule of law that seems to be harder and harder for the attorney general to meet.
Since his appointment, Garland has repeated a mantra that he is apolitical and would never yield to the pressures of politics or the White House. When he was nominated, I believed that claim and enthusiastically supported Garland’s confirmation. He was, I thought, the perfect man for the job after his distinguished judicial service as a moderate judge.
Bill’s Commentary:
“Crime is down? Really? And crime is only a white supremacy “psyop”? I can only imagine what our world will look like in 5 more years of this insanity…”
‘There’s a concerted effort to make people afraid of crime,’ Moriarty claims
During a May 28 event, Hennepin County Attorney Mary Moriarty explained she believes there’s an effort to cause the public to fear crime.
“Moderate Democrats have done a lot of work in making people afraid of downtown Minneapolis,” she said. “There is a concerted effort to make people afraid of crime.”
The conversation took place between Moriarty and Dr. T. Anansi Wilson, a Mitchell Hamline School of Law professor. The discussion centered around being “good trouble” and activism.
“White supremacy is ingrained everywhere,” Moriarty said. “White supremacy is what we all live in. It’s the water. It’s what we swim in here.”
Bill’s Commentary:
“Maybe the robots did not have thick enough skin?”
McDonald’s to end AI drive-thru experiment after errant orders — including bacon on ice cream and $222 McNuggets bill
McDonald’s is reportedly planning to end its artificial intelligence-powered automated drive-thru order-taking experiment at more than 100 locations after angry customers reported receiving items they didn’t order.
The gaffes included adding nine sweet teas to one customer’s order and giving another customer an ice cream cone topped with bacon.
The Chicago-based fast food chain and IBM partnered on the pilot program two years ago at select franchises.
Bill’s Commentary:
“Do you get the feeling The New York Times wants to be on the record on this?”
Documents: Putin Was Willing To Compromise To End War in 2022
In April 2022, Ukraine and Russia were on the brink of signing a deal to end the war just weeks after it began. The New York Times published documents showing President Vladimir Putin was willing to make concessions to get an agreement signed.
According to the documents, Putin initially sought to have Kiev recognize Moscow’s 2014 annexation of Crimea. However, a draft agreement from April 15, 2022, suggests both parties were prepared to set aside the issue to end the conflict. “Paragraph 1 of Article 2 and Articles 4, 5, and 11 of this Treaty shall not apply to Crimea and Sevastopol,” the document says.
Bill’s Commentary:
“Tell the truth and go to jail? I want to know just one thing, how come so many of these shootings are done by trannies? The press won’t touch this statistic, are “straight phobics”?”
DEI Judge Demands Reporter Reveal Source for Trans Shooter Manifesto
Michael Patrick Leahy, editor and owner of The Tennessee Star, is facing potential imprisonment if he does not reveal the source who leaked the manifesto of Audrey Hale, the Covenant School shooter. Davidson County Chancellor I’Ashea Myles – a local Nashville trial judge – scheduled Leahy for a “show cause hearing” on Monday, June 17, following his publication of the leaked documents.
Audrey Hale’s attack on March 27, 2023, resulted in the deaths of three children and three adults. The manifesto, described as being filled with anti-white and anti-Christian statements, was released despite efforts by federal and local officials to keep it confidential. Authorities cited the risk of it serving as a roadmap for future copycat incidents and the potential unintended consequences for vulnerable populations.
Bill’s Commentary:
“Do you promise?”
Hoot of the Day: California Proposes Restraining Orders to Stop Thieves
More and more headlines look as if they are from the Babylon Bee. Let’s discuss the latest idiocrasy from la-la land.
In California, police don’t arrest criminals because prosecutors will just turn them loose. People and businesses are tired of the crime. The result is a campaign to roll back Soros-backed proposition 47 that made theft of less than $950 in goods a misdemeanor.
Stores are at the mercy of shoplifters and many merchants have decided to close up shop. Downtown San Francisco looks like a ghost town.
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