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Bill’s Commentary:
“Our pal Praemonitus praemunitus! (look it up) wrote this. I can only say, I wish I was the author. It is so simple and so correct! Only gold (silver) is money, everything else is credit…”
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Bill’s Commentary:
“Filed under the category “deflation of the things you have.””
Bad-Loans Hit Record-High As Used-Car Prices Suffer Worst Bear-Market Ever
A bear market in the used car market was confirmed in November and has since worsened through April. At the same time, negative equity values are hitting new record highs while auto insurance rates have soared the most since the mid-1970s. While gas prices at the pump are elevated, the environment to operate a vehicle is probably one of the worst ever. Just listen to Gen-Z and millennial users on X bitch and moan about $1,000 monthly car payments and other absurd costs associated with driving.
Bill’s Commentary:
“Socking gold away today …in order to buy hotcakes at a later date?”
Gold bars are selling like hot cakes in Korea’s convenience stores and vending machines
Aside from ramen and sausages, South Korea’s convenience stores have a new popular item on the menu — gold bars.
The country’s largest convenience store chain, CU, has been collaborating with the Korea Minting and Security Printing Corporation (KOMSCO) to offer customers mini gold bars — and they’re selling like hot cakes.
Bill’s Commentary:
“Is he also in favor of a CBDC?”
Bill’s Commentary:
“We have told you for many years it was all about “credit”, you will fully understand this over the next 12 months. $1 trillion of commercial loans need to be rolled over, not happening …unless of course Treasury would like to provide the funding? But who will fund the Treasury?”
Office Tower Turmoil in NYC Worsens Ahead of Trillion Dollar Maturity Wall
A combination of factors, including remote work, an exodus of progressive cities, higher interest rates for longer, and diminished credit availability, continues to pressure the office tower market nationwide. The latest example of challenges facing the $20 trillion commercial real estate market comes from New York City.
Bloomberg reports that the $400 million loan backing 1440 Broadway, a 25-story tower at the corner of Broadway and 40th Street in Midtown Manhattan, has fallen into delinquent status.
Bill’s Commentary:
“These people are insane! Can you imagine someone sequestering your savings, and then paying the interest to your enemy? Is there any rule of law left? Is the West prepared to start WWIII that by every computer model ends in nuclear war? Are $3 billion pieces of paper worth it? Is $200 billion? What would any businessman in the world do …if he was backed by the most powerful military in the world and was blatantly and publicly stolen from?”
EU Policy. Brussels agrees to send €3bn from frozen Russian assets to aid Ukraine
EU diplomats agreed Wednesday to use income from frozen Russian state assets to aid Ukraine – paving the way for the war-torn country to get around €3 bn for arms purchases and reconstruction before the summer.
Since the full-scale invasion of 2022, €210 billion in assets of the Moscow central bank have sat frozen within the bloc – chiefly at the Euroclear depositary in Belgium.
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Bill’s Commentary:
“Erik’s Constitutional “lunacy” today would not have even raised an eyebrow 50 years ago!”
The latest from Erik –
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“This is one scary visual!”
U.S. Debt Interest Payments Reach $1 Trillion
The cost of paying for America’s national debt crossed the $1 trillion dollar mark in 2023, driven by high interest rates and a record $34 trillion mountain of debt.
Over the last decade, U.S. debt interest payments have more than doubled amid vast government spending during the pandemic crisis. As debt payments continue to soar, the Congressional Budget Office (CBO) reported that debt servicing costs surpassed defense spending for the first time ever this year.
Bill’s Commentary:
“Get out!”
BREAKING NEWS: Russian troops enter US base in Niger, order Americans outBreaking news from Reuters, Friday, May 3, 2024. A $100 million air base in Niger, which reportedly is a key player in drone warfare, has been taken over by the Russians without firing a shot. See story below from Reuters, and video providing further analysis breaking down this humiliating development for the U.S. military. This all went down on the invitation of the military government in Niger, which kicked the French out of their country last year. The US took over the base and now they’ve thrown them out. When can you ever remember Russian troops taking over a U.S. air base anywhere in the world? And where is the mainstream media other than a few small articles on the back page? They don’t want us to know about this, not the full implications. The U.S. is getting its clock cleaned right now by Russia, both economically and militarily. Expect the U.S. to lash out soon with another attack inside Russia. We are witnessing the actions of a collapsing empire and no empire goes down without a fight. I expect full on World War III by late 2024 or early 2025.
Bill’s Commentary:
“They finally found a cure for the flu!”
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The latest from USAWatchdog –
Bill’s Commentary:
“George Soros …without comment”
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Bill’s Commentary:
“So now Chris Cuomo is an anti vaxxer? Does anyone remember when “they” tried to cancel the lives of anyone who even questioned the quackzine?”
Bill’s Commentary:
“Erik seeing it from a calm and cool perspective.”
The latest from Erik –
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Bill’s Commentary:
“If you or I said this, we would be (have already been) branded conspiracy theorists. But since it is from the New York Times, now it’s OK to speak of such blasphemy?”
Thousands Believe Covid Vaccines Harmed Them. Is Anyone Listening?
Within minutes of getting the Johnson & Johnson Covid-19 vaccine, Michelle Zimmerman felt pain racing from her left arm up to her ear and down to her fingertips. Within days, she was unbearably sensitive to light and struggled to remember simple facts.
She was 37, with a Ph.D. in neuroscience, and until then could ride her bicycle 20 miles, teach a dance class and give a lecture on artificial intelligence, all in the same day. Now, more than three years later, she lives with her parents. Eventually diagnosed with brain damage, she cannot work, drive or even stand for long periods of time.
Bill’s Commentary:
“Only 282 banks? I call bullshit on this!”
Why hundreds of U.S. banks may be at risk of failure
Hundreds of small and regional banks across the U.S. are feeling stressed.
“You could see some banks either fail or at least, you know, dip below their minimum capital requirements,” Christopher Wolfe, managing director and head of North American banks at Fitch Ratings, told CNBC.Consulting firm Klaros Group analyzed about 4,000 U.S. banks and found 282 banks face the dual threat of commercial real estate loans and potential losses tied to higher interest rates.
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Bill’s Commentary:
The latest from Erik –
“What once was fiction is now reality!”
Bill’s Commentary:
“You will find out this is all true regarding “off balance sheet” assets when the smoke finally clears from total collapse. It was true in 1929, true in 2008 and multiples worse now. You do understand that these derivatives all need collateral to exist, right? “Whose” collateral do you think it is? Do you now understand the “you will own nothing” part?”
Wall Street’s Megabanks Have Trillions of Dollars Off-Balance Sheet, in a Replay of Accounting Hubris that Led to the 2008 Wall Street Collapse
When the Financial Crisis Inquiry Commission released their final forensic report on the causes of the 2008 financial collapse on Wall Street – the worst collapse since the 1929-1932 collapse – it pointed to hidden leverage in off-balance sheet entities at the megabanks on Wall Street as a key driver of the crisis.
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Bill’s Commentary:
“Unless someone can show me this is a deepfake, “some folks” should hang from the neck…and if I recall correctly, isn’t this the stuff of the first impeachment?”
Bill’s Commentary:
“Maybe the “college students” are protesting the wrong thing?”
EXCLUSIVE: CDC Found Evidence COVID-19 Vaccines Caused Deaths
U.S. Centers for Disease Control and Prevention (CDC) officials found evidence that the Pfizer-BioNTech and Moderna COVID-19 vaccines caused multiple deaths before claiming that there was no evidence linking the vaccines to any deaths, The Epoch Times has learned.
CDC employees worked to track down information on reported post-vaccination deaths and learned that myocarditis—or heart inflammation, a confirmed side effect of the vaccines—was listed on death certificates and in autopsies for some of the deaths, according to an internal file obtained by The Epoch Times.
Bill’s Commentary:
“Significant!”
Turkey Halts All Trade With Israel Over War in Gaza
Turkey stopped all trade with Israel as of Thursday, according to two Turkish officials familiar with the matter, adding to already high-running tensions between the once-close allies over the war in Gaza.
The move expands last month’s restriction on some Turkish exports to Israel, as President Recep Tayyip Erdogan steps up criticism of the Jewish state and tries to consolidate support among conservative voters at home.
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Bill’s Commentary:
“I have to wonder what the over/under is on the amount of cars that will be leased/bought? A couple hundred?”
Wacky in Washington: Inslee buying electric vehicles for ‘low-income’ residents, paid for by taxpayers
One strategy for state officials looking to transition Washington’s transportation sector to electric vehicles is by subsidizing them with taxpayer dollars.
This week, Gov. Jay Inslee announced $45 million in subsidies through a Department of Commerce grant program for families deemed “low-income” to purchase an EV.
“Washingtonians really get it when it comes to electric vehicles,” Inslee said at a Wednesday news conference in Tukwila.
Bill’s Commentary:
“This asshat says the quiet part out loud. This is “WHO” they are! Should not be a surprise to anyone paying attention …but truly sad nonetheless.”
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