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Bills Commentary :
1984 anyone?
“Alas, here we are, entering the final quarter of 2023, and we have the United States government, and many state governments (including New York’s former Governor Andrew Cuomo, current left-wing Governor Kathy Hochul, and the super-majority Dem legislature) proclaiming for all to hear that they did not force anyone to do anything detrimental these past 3.5 years. UNBELIEVABLE! Did you hear this? They are actually saying with straight faces that they didn’t force you to wear a mask, or lockdown and shutter your businesses, or choose between taking an experimental drug or losing your job… Nope! They did none of that. And you – well, you are flat out crazy if you think they did. You are lying. You are exaggerating and totally overreacting….”
https://attorneycox.substack.com/p/dont-believe-your-lying-eyes
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Bill’s commentary:
“An update on TRX operations” – 10/3/23
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Bill’s commentary:
“How many friends and relatives no longer speak to you because you would not take the jab? Or God forbid not wear a mask? Not trying to be heartless but, Karma is a bitch! …”
Covid vax-pushing doctor gets myocarditis…..Does he deserve sympathy?
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Bills Commentary
They are coming for your children, if you don’t understand this then you are part of the problem …
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Bills Commentary :
Our pal Dismal Dave illustrates the death cycle of simultaneous exploding interest rates heaped on too much debt.
I’ve been married to a communist and a fascist, and neither would take out the garbage.’ Zsa Zsa Gabor.
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Bills commentary:
So “hopium” is now a new strategy?
“We have big changes in labor, we have higher wages, companies adapt, business adapt,” he said, going on to add that a lack of “hope” is the biggest problem facing the world right now.”
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Bill’s commentary:
“Posted without comment…”
Bill’s commentary:
“Erik with some great analogies!”
Bill’s commentary:
“It’s not rocket science …”
Billionaire investor Ray Dalio is watching closely the “risky” U.S. fiscal situation.
“We’re going to have a debt crisis in this country,” the founder of hedge fund Bridgewater Associates said in an interview with CNBC’s Sara Eisen that aired Thursday. The two were speaking at a fireside chat at the Managed Funds Association. “How fast it transpires, I think, is going to be a function of that supply-demand issue, so I’m watching that very closely.”
Read more…
Bill’s commentary:
“Bravo Dismal Dave, you rarely disappoint! In case the print is too small, the SPR is as low as the early 1980’s! And yes, the other charts show incredible INFLECTION POINTS!”
Be careful about reading health books. You may die of a misprint. Mark Twain
Bill’s commentary:
“So here is the elephant question in the room; if the average American cannot afford a home, what does that mean if you own a home …and decide or “need” to sell your home?”
The typical American cannot afford to buy a home in a growing number of communities across the nation, according to common lending standards.
That’s the main takeaway from a new report from real estate data provider ATTOM. Researchers examined the median home prices last year for roughly 575 U.S. counties and found that home prices in 99% of those areas are beyond the reach of the average income earner, who makes $71,214 a year, according to ATTOM..
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Bill’s commentary:
“From our pal Pastor Stanley. Please keep in mind, in a system down scenario, bars are the poorest form of ownership…”
I woke up this morning to an entry on John Rubino’s substack entitled ‘Did Gold Bars Just Become an Impulse Buy?’ where John reports on the apparent fact the Costco is offering gold bars along with salad, shirts and office supplies.
Markets Insider (MSN) reports that ‘Costco says its 1-ounce gold bars are real and have been selling out in hours’.
Bill’s commentary:
“It’s called human nature …”
Bill’s commentary:
“$100 billion? Do you even believe this paltry number? Has anyone checked as to what the Fed’s ‘purported” net equity was last year? The last number I saw was around $65 billion. Is the Fed actually upside down? It’s OK, you can say it …they already know.”
Wait, the Fed merged with the US Treasury a while back, is this why? They knew the Fed’s equity was not enough to withstand what’s coming? And they think the largest debtor in the history of the planet will solve the biggest credit bubble problem ever? At this point, it is merely a mathematical equation, “when” has not mattered for a while!
Bill’s commentary:
“Say it isn’t so?”
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Bill’s commentary:
“One can argue what Erik writes is not true, they cannot argue that sufficient testing was done prior to rollout simply because there was not the time available to do so. The vaccine was not properly tested ahead of time, this is FACT!”
Bill’s commentary:
“I have no idea about who is right or wrong here. I do know that Venezuela has had their vaulted gold in London frozen and “stolen”, so I guess I side with Venezuela here?”
Washington is looking to set up a military base in the Guayana Esequiba area, which is contested by Venezuela and Guyana, the former’s foreign minister has claimed.
In a speech to the UN General Assembly on Saturday, Yvan Gil said the US considers itself “the sovereign” of Latin America, and is now intervening in the more than 200-year-old territorial dispute between Caracas and Georgetown.
Bill’s commentary:
“DEFLATION of “the things we have” anyone? Would this qualify as a “credit event”? Here it comes, bigger than anything ever seen!”
Among them is 650 California Street, a 34-story office building that has defaulted on its mortgage. Further on is 101 California, whose second-biggest tenant left last year and whose biggest is slashing staff and office space. Go around the corner, and Embarcadero Square is for sale for $90 million. Its owner bought it for $245 million in 2018.
Bill’s commentary:
“Some weekend comedy …”
A new electric vehicle battery factory in Kansas is demanding so much energy that the state is delaying the retirement of a coal plant to make sure the facility has enough power.
Bill’s commentary:
“Can the system continue without new and massive amounts of debt taken on? We shall soon see!”
‘The hand that rules the press, the radio, the screen and the far-spread magazine, rules the country.’ Justice Louis Brandeis. (1856-1941).
As you’ll see, most of today’s charts messages are USA derived…. (however, they apply to all mature economies!)
Bill’s commentary:
“It took the U.S. federal government almost 200 years to rack up $1 Trillion in debt. The latest trillion to be added took a mere 3 months! Far too many Americans have come to believe that, instead of protecting individual liberty, the U.S. government can be everything to everyone. Meanwhile, members of government have come to believe that, not only can they perform such an impossible task, but they can perform it for the entire world! This massive delusion is racing towards a massive bankruptcy.”
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Bill’s commentary:
“Another good one from Erik!”
Bill’s commentary:
“Massive inverted head and shoulders?”
Bill’s commentary:
“To put this in perspective, interest on $307 trillion (the real number is actually higher) is roughly $15 trillion. Can you imagine a world not saddled with $15 trillion paid annually in interest? Maybe would feed a few folks with empty bellies?”
The global debt pile soared by $10 trillion to a record high of $307 trillion in the first half of 2023, the Institute of International Finance (IIF) reported on Tuesday. It added that the US, UK, and Japan are among the markets driving the rise.
The high interest rate environment seen across most economies has sent the figure surging, making the current debt stock $100 trillion higher than it was a decade ago, according to the IIF.
Bill’s commentary:
“More on banking from the Martens’”
There may be a lesson here: don’t put the word “Republic” in the name of your bank; don’t hold a lot of uninsured deposits; and don’t have wads of unrealized losses on your investment securities.
If those lessons sound familiar, it’s because they played out in stunning fashion earlier this year when the second, third and fourth largest bank failures in U.S. history occurred.
Bill’s commentary:
“If you cannot catch them, you cannot destroy them nor defend against …”
The weapon Beijing launched over the South China Sea traveled at speeds of more than 15,000 miles an hour as it circled the globe.
Flying at least 20 times the speed of sound, it could reach anywhere on earth in less than an hour.
Bill’s commentary:
“Can you say ‘banana republic”?”
On Sept 6, when looking at the latest daily debt numbers, we predicted that total US debt would hit the very special (at least for Masons) number of 33 in two weeks.
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