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Bill’s Commentary:
“Erik is right, this is now “do or die!””
Bill’s Commentary:
“So an insolvent central bank, and insolvent treasury …issue the world’s reserve currency and act as foundation for the global financial system in the West. You do understand at this point it is just math?”
“In fact, total Federal Reserve capital is just $51 billion… versus $948 billion in losses. This means the Fed is insolvent 19 times over.”
The Fed’s Game of “Make Believe” Comes to an End
It’s barely been a year since the 2023 bank crisis in which several large banks, including Silicon Valley Bank and Signature Bank, failed.
At the time, I wrote that the bank failures weren’t over, and that there would be more.
But it’s been quiet for most of the last year; the banking system has been pretty calm thanks in large part to an emergency program that the Federal Reserve created to bail out other troubled banks.
Bill’s Commentary:
“No shit! Now what?”
AstraZenica admits for first time its Covid vaccine CAN cause rare side effect in tense legal fight with victims of ‘defective’ jab
Bill’s Commentary:
“Blinken is playing Russian roulette with one in the chamber! Maybe we should send a general wearing a dress to scare the shit out of them?”
China vows retaliation over US ‘bullying’
Beijing has warned that anti-China legislation signed into law last week by US President Joe Biden will lead to “forceful” retaliatory steps if Washington doesn’t change its course on the hostile initiatives.
Bill’s Commentary:
“Price always follows volume, ALWAYS!”
Home Prices Stagnate in Florida and Texas as Supply Soars
On the west coast of Florida, housing supply is surging, sellers are cutting their asking prices and the time it takes to sell a home is soaring—all at a faster rate than anywhere else in the U.S. The story is similar in parts of Texas.
Florida and Texas have been building more homes than anywhere else in the country, partly to accommodate the flood of newcomers that showed up during the pandemic homebuying boom. But the boom is over, in part because many people have been priced out. Now, homes are sitting on the market and price growth is stagnating.
Bill’s Commentary:
“This is the ride you never get off of!”
“The Only Safe Asset” – Chinese Consumers Overtake India In Gold-Buying Frenzy
In November 2023, with gold trading around $1900/oz, we highlighted the beginning of a precious metal buying-binge from China, noting that the prcie for physical gold had never been more expensive at the time (while western gold prices were still below their prior record highs).
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Bill’s Commentary:
“If THIS was published in a mainstream publication, you had better PAY ATTENTION! They are already speaking of clearinghouse failures and bail ins, what more do you need to know?”
Regulators told to be ready to handle failed clearing houses
LONDON, April 25 (Reuters) – Regulators must equip themselves with tools such as “bail-in” bonds to deal quickly with a failed clearing house for stocks, bonds or derivatives without having to call on taxpayers for cash, the G20’s risk watchdog said on Thursday.
After the global financial crisis of 2007-09, regulators mandated clearing for a wider range of derivatives, meaning they must pass through a clearer backed by a default fund to ensure completion of trades.
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Bill’s Commentary:
“Here is the full notification from DTC. Are they trying to create a margin call?”
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Bill is interviewed by Liberty and Finance (Also posted under Interviews)
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Bill’s Commentary:
“Erik on the current protests at universities.”
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Bill’s Commentary:
A new video from USA Watchdog –
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Bill’s Commentary:
“This is obviously huge news! I am still wrapping my head around “why” and what it means? My very first thought was that DTC does not want a collateral implosion that affects the entire daisy chain (good luck with that!). My guess is they know bubbles revert to and below the mean and ultimately finds its intrinsic value? What is the intrinsic value of a (any) cryptocurrency? And they just within the last year elevated gold to “tier one” status on balance sheets. Curious? I do not think so…”
Bill’s Commentary:
“Our pal Pastor Stanley on the “Great Taking”. Please understand this is NOT SPECULATION, the laws are already on the books to take EVERYTHING you think you own!”
‘Bail-In’ Bonds Will Bail-Out Failed Derivatives Contracts Comprised of Clearing House Holding Which You ‘Own’ as ‘Beneficial Owner’-Your Broker Never Told You Who Owns What You Paid For
Why would a Clearing House fail? Because the assets as part of large trades that are being ‘cleared’ are contracts that for some reason (like a nuclear event or World War III) cannot be fulfilled and the contract fails.
The Depository Trust and Clearing Corporation (DTCC) is an American financial services company founded in 1999 that provides clearing and settlement services for the financial markets. This includes the settlement of large and largely unknown massive quantities of derivatives trades. Some estimates place the value of worldwide OTC derivatives at over $1 Quadrillion (>$1,000,000,000,000).
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Bill’s Commentary:
“And you thought the banking crisis was fixed? Just wait a month or two!”
US regulators seize troubled lender Republic First, sell it to Fulton Bank
(Reuters) -U.S. regulators have seized Republic First Bancorp and agreed to sell it to Fulton Bank, the Federal Deposit Insurance Corp said on Friday, underscoring the challenges facing regional banks a year after the collapse of three peers.
The Philadelphia-based bank, which had abandoned funding talks with a group of investors, was seized by the Pennsylvania Department of Banking and Securities.
The FDIC, appointed as a receiver, said Fulton Bank, a unit of Fulton Financial Corp, will assume substantially all deposits and purchase all the assets of Republic Bank to “protect depositors”.
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Bill is interviewed by the Market Sniper (Also posted under Interviews)
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Bill’s Commentary:
“Going, going, …?”
Shanghai Futures Exchange Sees 2.5% Silver Vault Draw-Down Overnight
Much has recently been written about the Chinese gold and silver trade driving recent price action in both metals.
Noting that representatives of major global banks have come to the Shanghai Gold Exchange (SGE) one after the other in recent months of 2024 while silver and gold have both run sharply higher in price, these actions merit attention – the clatter of banker arrivals in Shanghai creates an appearance of urgency on their part.
Bill’s Commentary:
“Another scheme (similar to Ft. Knox) where you are asked to “trust” the metal actually exists?”
Texas says digital gold depository is an illegal MLM scheme
(Kitco News) – The Texas State Securities Board has moved to shut down a digital gold vault that it claims is actually an illegal international multilevel marketing (MLM) operation, according to a recent enforcement action published on its website.
“Securities Commissioner Travis J. Iles entered an Emergency Cease and Desist Order to stop an international multilevel marketing scheme offering Texans the opportunity to invest in a digital gold vault,” the order said.
Bill interviews with Dr. Dave Janda (Also posted under Interviews)
Bill’s Commentary:
So “who” gets to decide what is false or misleading? I am sure they will hire soy boys and social justice warriors of all sorts. I just hope they don’t hire “furries” as I sort of like funny animal videos, it would cross my line if they banned those!
Australian Prime Minister Calls For Ban On Memes
The Australian Prime Minister appeared to call for a ban on memes on social media Wednesday, as his government continues a full on assault on freedom of speech online.
During a press appearance, Anthony Albanese seemed to lump in memes making fun of him with “misinformation” he is claiming should be purged from the internet.
“Social media platforms have a responsibility to make sure that misinformation isn’t got out there,” Albanese stated.
Read more here…https://modernity.news/2024/04/25/australian-prime-minister-calls-for-ban-on-memes/
Bill’s Commentary:
“All this woman needs to do to if she wants to find disinformation …is look in the mirror!”
‘Disinfo’ Queen Resurfaces, Won’t Disclose Donors Despite Vow To ‘Expose’ Wrongthink For ‘Greater Transparency’
Nina Jankowicz,the Biden administration’s short-lived disinfo czar, is back!
Jankowicz, a huge fan of Christopher Steele, architect of the infamous Clinton-funded Dossier which underpinned the Trump-Russia hoax, and who joined the chorus of disinformation agents that downplayed the Hunter Biden laptop bombshell, has ‘re-entered the fray‘ with a new nonprofit organization, the American Sunlight Project, aimed at running ads and producing “investigative reports on the backgrounds and financing of groups conducting disinformation campaigns.”
Except, this ‘transparency advocate’ refuses to disclose who gave her $1 million to reboot her operation.
Read more here…https://www.zerohedge.com/political/disinfo-queen-resurfaces-wont-disclose-donors-despite-vow-expose-wrongthink-greater
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