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Bill’s Commentary:
“The Dollar is losing reserve currency status. Have you thought thru thoroughly what this will mean to your monthly budget? Hint; your Starbucks coffee might soon cost you s “C note” in dollars but a mere silver dime in real money!”
IMF Prepares Financial Revolution – Say GOODBYE to the Dollar
Global reserve currency status allows for amazing latitude in terms of monetary policy.
The Treasury Department understands that there is constant demand for dollars overseas as a means to more easily import and export goods. The petrodollar monopoly made the U.S. dollar essential for trading oil globally for decades.
This means that the central bank of the U.S. has been able to create fiat currency from thin air to a far higher degree than any other central bank on the planet while avoiding the immediate effects of hyperinflation.
Bill’s Commentary:
“Rocket scientists driving the bus!”
Labor group demands California’s $20 minimum wage for fast food workers extend to all sectors | Fox Business
A fair wage advocacy group is demanding that California’s new $20 minimum wage law for fast food workers be extended to all sectors to help working-class people who are struggling with the state’s high cost of living.
FOX Business spoke with Saru Jayaraman, president of One Fair Wage to discuss what she described as the skyrocketing levels of home insecurity and food insecurity post-pandemic.
Fast food workers winning a $20 minimum wage, she said, “was just the beginning.”
Jayaraman pointed to the exorbitantly high cost of living in the Golden State where, in some counties, an individual would need a $40 an hour salary to live comfortably.
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Bill is interviewed by Texas Silver (Also posted under Interviews)
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Bill’s Commentary:
“As I posted yesterday, the Fed is both woke AND BROKE!”
The Black Swan Rears Its Head: The Fed Has Negative Capital Using GAAP Accounting
The Fed’s unprecedented experiments with years of ZIRP (Zero Interest Rate Policy) and QE (Quantitative Easing), where it bought up trillions of dollars of low-yielding U.S. Treasuries and agency Mortgage-Backed Securities (MBS) and quietly parked them on its balance sheet, are now posing a threat to the Fed’s flexibility in conducting monetary policy. (Since 2008, the Fed’s concept of conducting monetary policy has come to enshrine serial Wall Street mega bank bailouts as a regular part of its monetary policy. Large and growing cash losses at the Fed may seriously crimp such future bailouts.)
Read more here…https://wallstreetonparade.com/2024/04/the-black-swan-rears-its-head-the-fed-has-negative-capital-using-gaap-accounting/
Bill’s Commentary:
“So basically they just make this shit up? Like pretty much everything else?”
Hidden Behind Climate Policies, Data From Nonexistent Temperature Stations
The National Oceanic and Atmospheric Administration (NOAA) predicts July, August, and September will be hotter than usual. And for those who view warmer temperatures as problematic, that’s a significant cause for concern.
“Earth’s issuing a distress call,” said United Nations secretary-general António Guterres on March 19. “The latest State of the Global Climate report shows a planet on the brink.
“Fossil fuel pollution is sending climate chaos off the charts. Sirens are blaring across all major indicators: Last year saw record heat, record sea levels, and record ocean surface temperatures. … Some records aren’t just chart-topping, they’re chart-busting.”
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Bill’s Commentary:
“So, I guess this makes The Fed both woke and broke? Remember, they are the ones who “issue” the currency. How often are you willing to do business with someone who has these two traits? Got gold?”
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Bill’s Commentary:
“People will soon find out the problem with gold and silver …is, they cannot be printed to meet relentless demand!”
India’s February silver imports hit record and set to rise 66% this year
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Bill’s Commentary:
“The Fed in the red…”
For the First Time in History, the Fed is Reporting Billions in Losses Weekly; It’s Still Paying High Interest Income to the Mega Banks on Wall Street
As of April 3 of this year, the Federal Reserve (Fed) has racked up $161 billion in accumulated losses. We’re not talking about unrealized losses on the underwater debt securities the Fed holds on its balance sheet, which it does not mark to market. We’re talking about real cash losses it is experiencing from earning approximately 2 percent interest on the $6.97 trillion of debt securities it holds on its balance sheet from its Quantitative Easing (QE) operations while it continues to pay out 5.4 percent interest to the mega banks on Wall Street (and other Fed member banks) for the reserves they hold with the Fed; 5.3 percent interest it pays on reverse repo operations with the Fed; and a whopping 6 percent dividend to member shareholder banks with assets of $10 billion or less and the lesser of 6 percent or the yield on the 10-year Treasury note at the most recent auction prior to the dividend payment to banks with assets larger than $10 billion. (This morning the 10-year Treasury is yielding 4.41 percent.)
Bill’s Commentary:
“Trust is very easy to lose and nearly impossible to regain. But there is an upside, they do make it very easy to decipher what is true and what is false… by simply fading whatever position it is they are backing.”
I’ve Been at NPR for 25 Years. Here’s How We Lost America’s Trust.
You know the stereotype of the NPR listener: an EV-driving, Wordle-playing, tote bag–carrying coastal elite. It doesn’t precisely describe me, but it’s not far off. I’m Sarah Lawrence–educated, was raised by a lesbian peace activist mother, I drive a Subaru, and Spotify says my listening habits are most similar to people in Berkeley.
I fit the NPR mold. I’ll cop to that.
So when I got a job here 25 years ago, I never looked back. As a senior editor on the business desk where news is always breaking, we’ve covered upheavals in the workplace, supermarket prices, social media, and AI.
It’s true NPR has always had a liberal bent, but during most of my tenure here, an open-minded, curious culture prevailed. We were nerdy, but not knee-jerk, activist, or scolding.
In recent years, however, that has changed. Today, those who listen to NPR or read its coverage online find something different: the distilled worldview of a very small segment of the U.S. population.
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Bill’s Commentary:
“I think Idaho needs a new governor?”
Idaho Governor Opposes Gold & Silver, Vetoes Bill to Enable Protective Holdings
(Boise, Idaho – April 8, 2024) – Idaho Gov. Brad Little today vetoed legislation that would have enabled the Idaho State Treasurer to protect state reserve funds with an allocation to physical gold and silver, sending an ominous message to the state’s mining industry and investors.
Senate Bill 1314 – sponsored by Sen. Phil Hart and Rep. Barbara Ehardt – passed overwhelmingly in the Idaho State Senate before being approved by the House in late March, only to be vetoed by Gov. Little.
Bill’s Commentary:
“Total spying and zero privacy. And you still think there is a left and a right? We are only bugs to be stepped on and eaten…”
A risky position – Live Updates – Politico
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Bill’s Commentary:
“Ya’ think?”
Jamie Dimon Warns World Faces “Risks That Eclipse Anything Since World War II”
Perhaps the world’s most influential banker – JPMorgan Chase CEO Jamie Dimon – warned the world in his annual letter to shareholders that while he expects US economic resilience (and higher inflation and interest rates), and is optimistic about transformational opportunities from AI, he worries geopolitical events including the war in Ukraine and the Israel-Hamas war, as well as U.S. political polarization, might be creating an environment that “may very well be creating risks that could eclipse anything since World War II.”
Read more here…tps://www.zerohedge.com/geopolitical/jamie-dimon-warns-world-faces-risks-eclipse-anything-world-war-ii
Bill’s Commentary:
“As they say, “payback is a bitch”!”
Democrats Cry Foul as Anti-Free Speech Allies Turn Against Them
Below is my column in The Hill on the recent disruptions of events featuring leading Democrats from President Joe Biden to Rep. Jamie Raskin. After years of supporting the censoring and blacklisting of others, these politicians are now being targeted by the very anti-free speech movement that they once fostered. Hillary Clinton last week became the latest Democrat targeted by protesters in a visit to her alma mater, Wellesley College.
Bill’s Commentary:
“Under the bus you go!”
NATO Wants to Show Support for Ukraine, but Only So Much
When NATO’s leaders gather this summer to celebrate the 75th anniversary of their military alliance, the last thing they want to see is a resurgent Russian military marching across Ukraine because Europe was too weak to provide Kyiv with the support it needed.
What Ukraine wants, ultimately, is a formal invitation to join NATO. But alliance officials agree that is not going to happen at the festivities planned for Washington in July. NATO has no appetite for taking on a new member that, because of the alliance’s covenant of collective security, would draw it into the biggest land war in Europe since 1945.
Michael Oliver on Silver –
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Bill’s Commentary:
“Some Erik in rare form!”
Bill’s Commentary:
“Finally a feminist group takes on the tranny clowns! As well they …and all other feminist groups should….”
Feminists accuse pro-trans activists of ‘intimidation’ on Scottish march
Feminists protesting against the new Scottish hate crime law have hit out at “abusive” placards displayed by pro-trans activists.
Women marching in Edinburgh against Humza Yousaf’s legislation, which critics including JK Rowling have warned could criminalise airing gender-critical beliefs, criticised the pro-trans protesters for “harassment and intimidation”.
JK Rowling’s victory over Humza Yousaf’s hate crime laws is a victory for all women
I was sitting in JK Rowling’s study, eating the biscuits her husband Neil brought us, when she told me about realising that she had to publicly fight for women’s rights. This was at the end of 2022.
Three years earlier, she had become involved in the “gender wars” by tweeting her support of Maya Forstater who was being forced out of a job for gender critical views. This was a landmark case because it established that gender critical beliefs are protected under the Equality Act of 2010.
Bill’s Commentary:
“Maybe we will find out who is paying them?”
Antifa Battered In Coolock, Their Phones Seized By Nationalists Apparently Revealing Seedy Links Between Media, NGOs, and Far Left
Earlier today, locals protesting against a refugee centre in Coolock, Dublin were confronted by leftist journalists and other antifa types. Here are the facts as we understand them from local first-hand sources in Coolock. We will be updating this article as more details are established:
The latest from USA Watchdog –
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Stephen Mullowney, CEO of TRX gold sits down with Bill and our pal Denny to discuss past, present and future of TRX Gold.
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