-
Bill’s commentary:
“A young man with principles!”
A teen in Virginia has chosen to become homeschooled after high school officials demanded he remove two large American flags from his truck.
Christopher Hartless believes he is exercising his First Amendment right by flying the flags on his property, and has no intention of taking them down.
‘My family fought for America, and I feel like I should be able to represent the flags that they fought for,’ he said in an interview with Fox 19 in Virginia.
Bill’s commentary:
“Anyone remember what happened the last time they did this…?”
On Thursday, Freddie Mac’s average rate on a 30-year fixed mortgage topped 7.09%, the highest since 2002, in yet another blow to homebuyers and a sign the housing affordability crisis worsens. On the same day, Zillow Home Loans published a press release about its new “1% Down Payment program to allow eligible home buyers to pay as little as 1% down on their next home purchase.”
Bill’s commentary:
“Is the dollar waxing or waning?”
Oil powers Saudi Arabia and the United Arab Emirates have been invited to become members of the BRICS group of developing nations in its first expansion in over a decade.
Also invited are Iran, Egypt, Ethiopia and Argentina, South African President Cyril Ramaphosa said Thursday as he wrapped up the annual summit of the group in Johannesburg.
Bill’s commentary:
“Yahoo tries with some misinformation of their own? Please read the comments, the people know!”
Belief in misinformation about key health issues persists among a good chunk of adults, with false claims about COVID-19, vaccines and reproductive health garnering a substantial amount of support, a poll released Tuesday by KFF has found.
Whether or not they believed the claims, nearly all participants in the survey were aware of the misinformation, with 96 percent saying they had heard at least one of the 10 claims presented to them. The most widespread misinformation claims had to do with COVID-19 and vaccines.
Read more…
Bill’s commentary:
“Our pal Dismal Dave is back with us!”
Yes! It’s Dismal Dave again. Still here. Somehow. Complements of good luck and good management (from a former intensive care nurse!. Thank you darling!!!).
Currently relaxing after lovely holiday in amazing Cairns. Concentrating on picking up the old threads of ‘Daily Reading.’ Hoo boy!
Anyway, here we go….again…
First, a pearl of profundity, then some charts of the current status quo…
‘Behold the rain which descends from heaven upon our vineyards, there it enters the roots of the vines, to be changed into wine; a constant proof that God loves us, and loves to see us happy.’ Benjamin Franklin. (1706-1790).
PS. Re. the attached, usual, Daily Readings, you will see that I tried to pick up where I fell off in June, but, lest the docs become a new version of War and Peace, I’ve been quite demanding in item selection.
Finally….sigh…
An old favorite Reading aid… (alas, strictly verboten these days!)
Bill’s commentary:
“Rarely do I disagree with Erik but in this case I believe he missed something. BOTH sides have been in on the charade for many years. The Bushes claimed to be Republicans, they turned out to be RINO’s and laid out the red carpet for the war machine. Both sides allowed, no, “helped” bankrupt the Treasury over the last 60 years. Unfortunately, we have been betrayed from the inside out …and both parties are at fault!”
-
“Deep State Pressing CV19 Fear Button for Control – Dr. Sherri Tenpenny.”
Dr. Sherri Tenpenny is still on the frontlines of truth sounding the alarm on the CV19 “vaccine” and the death and disability from injecting it into billions of people around the world. It looks like a new round of control from another CV19 bioweapon/vax pandemic scam is already brewing.
Bill’s commentary:
“So if you tell the truth now, you must pass the One flew over the Cuckoo’s nest class to keep your license?”
Psychologist and former University of Toronto professor Dr. Jordan Peterson was ordered by the Ontario College of Psychologists to undergo a reeducation training program over his social media posts that uphold free speech and speak out against gender ideology and medical mistreatment of minors in service to the lie that humans can change sex.
Bill’s commentary:
“So it looks like they will be bringing forth mask mandates again. If you haven’t learned yet how to dig your heels in , please learn the phrase ‘kiss my ass’!”
Documents recently obtained from the National Institutes of Health suggest public health officials used inaccurate information and misrepresented medical research to advance their policy objective that masks prevent severe COVID-19 and virus transmission—despite opposing scientific evidence received from experts.
In a recently obtained letter (pdf) sent in November 2021 to the Centers for Disease Control and Prevention (CDC), top epidemiologist Michael Osterholm, director of the Center for Infectious Disease Research and Policy at the University of Minnesota, and seven colleagues informed the agency it was promoting flawed data and excluding data that did not reinforce their narrative.
-
Bill’s commentary:
“Why? Because they have done such a great job steering western economies?”
When Commerce Secretary Gina Raimondo lands in Beijing for an expected visit next week she’s likely to hear an unprecedented request from her hosts: Help us with our struggling economy.
Raimondo’s long-anticipated visit coincides with a worsening downturn in China’s financial health marked by plunging exports and foreign investment as well as soaring youth unemployment. The latest data suggest that the once-unstoppable economic juggernaut has finally hit a serious pothole.
Read more…
Bill’s commentary:
“Why? Do they know something we don’t? Oh, that’s right, we have an election coming and mail in ballots are a must …to preserve Democracy?”
The federal government has started purchasing COVID-19 equipment and hiring advisors on “safety protocols” amidst speculation the Biden White House will reinstate pandemic-era lockdowns and mandates, War Room can reveal.
The unearthed government contracts from entities including the Department of Defense (DOD) show millions in taxpayer funds being used to purchase COVID-19 equipment such as test kits. Some of the contracts, which are traceable via the federal government’s spending database, are even scheduled to begin in future months such as September and October.
Bill’s commentary:
“Erik with some food for thought.”
“Lahaina Incineration is Deadly Weather Warfare – Dane Wigington.”
Climate engineering researcher Dane Wigington says the total incineration of Lahaina in Hawaii was caused by man-made weather modification called geoengineering. Wigington says this is really an attack using “weather warfare.”
Bill’s commentary:
“Try that shit in a small town!”
-
Bill’s commentary:
“Some weekend reading from Erik for you.”
Bill’s commentary:
“This is totally normal, nothing to see here…”
Bronny James’s cardiac arrest has again raised the issue of how rare or frequent cardiac injury is in the aftermath of receiving an mRNA vaccine, especially among young males. Last Tuesday was the two-year anniversary of an incident during a bicycle race in Belgium, which might have already settled the issue had it been more widely known.
Bill’s commentary:
“Very interesting information from Dr. Robert Malone on the Maui fires. How does metal melt while plastic is untouched? How is one half of a car virtually melted while the other half untouched? Somehow I don’t think this one will be swept under the rug, the alt media is now too large and fervent to let that happen?”
Today’s usual Friday fare is being delayed until noon, so that I can bring you a video that I recorded last evening with frontline community workers and scientists in Maui. These heroes have some alternative views\points which are worth considering.
They also have first hand evidence that the government is censoring the discussion/video on the fire aftermath as well as censoring news on happening on the ground now. There is no question that a media brownout is currently occurring, as described in the video.
Bill’s commentary:
“GG checks in with some reality for us, and that reality is that THE most undervalued asset on the planet cannot bankrupt in a world that is bankrupting…!”
They (the cabal) need to control silver because when silver erupts they won’t be able to control gold since they move in tandem and we are getting very close to that point hence the increasing standing for physical delivery and not nominal (worthless) settlement anymore. Silver had a 237.7 million ounce market deficit in 2022!! Metals Focus anticipates another strong year for silver demand in 2023, and is calling for a deficit of 142.1 million ounces, driven in part by anticipated new all-time highs for industrial fabrication (Electrical Vehicles and Photovoltaics ) and historically high bar/coin investment demand.
There has been a huge under-investment in precious metals (as a result of the price suppression from the ESF) and also copper (see Codelco, Chili much higher cost) because the stock market provided huge gains with the trillions of QE thrown around. This huge underinvestment for the last 10 years (since 2012) means that the gold/silver/copper producers need to acquire exploration companies that have attractive resources to fill their pipeline!! Hence why I think that the next couple of years will be very attractive time for the exploration plays. The price of the mining companies most likely won’t be measured in worthless fiat money but in ounces or pounds of mineral per share.
I think that after Labor day, currently the market is in the doldrums (holiday period), we will see things finally coming to a head (CRE, Failing banks, high interest rates, debauchment of the currencies, inflation and returning negative real rates, supply contraints, rivalling BRICS) and the secular gold/silver bull market will resume! After all the Chinese and Japanese are currently selling their Treasuries (read USD weakness with higher interest rates) in order to support their own currencies. Next to that we will have the BRICS conf in Joburg from 22-24 August. Countries are not doing loans or trading anymore in USD but in their own currencies and thus don’t need to keep so many USD on their B/S hence selling pressure). See the recent energy deal between the UAE and India denominated in Indian Rupees and NOT the USD!! The heydays and hegemony of the USD are over. The US is asking (demanding) the Saudi not to abate the petrodollar !! “When you have to ask you are too late”.
Volcker travelled to the Netherlands in July 1971 to convince the Dutch not to exchange dollars for gold. During the meeting, Volcker told Zijlstra (the president of the Dutch Central Bank), “You are rocking the boat.” To this, Zijlstra replied, “If the boat is rocking because we present $250 million for conversion into gold or something that can be considered an equal asset, then the boat has already perished.” The Dutch then redeemed this final tranche of US currency.”
Gijs
Silver Price Inexcusably Low Given the Market Dynamics
AUGUST 15, 2023 BY MICHAEL MAHARREY
Silver is significantly undervalued right now. One analyst called the current price in the $22 an ounce range “inexcusably low.”
But many analysts are bullish on silver in the medium term with projections of prices climbing to $50 to $100 an ounce over the next two to five years.
The question is when will we finally start to see this correction?
Silver has languished in 2023. While gold is up over 4% on the year, the price of silver has declined by over 5%.
We can see the growing spread between silver and gold in the silver-gold ratio, currently running at over 84-1. That means it takes over 84 ounces of silver to buy one ounce of gold. To put the current ratio into perspective, the average in the modern era has been between 40:1 and 50:1.
Historically, the ratio has always returned to that mean. And when it does, it does it with a vengeance. The ratio fell to 30-1 in 2011 and below 20-1 in 1979.
When the spread gets this wide, silver doesn’t just outperform gold, it goes on a massive run in a short period of time. Since January 2000, this has happened four times. As this chart shows, the snapback is swift and strong.
Current Dynamics
Silver has faced the same headwinds as gold with the Federal Reserve pushing interest rates higher to battle price inflation. Fed monetary policy has strengthened the dollar and sticky price inflation has kept investors on edge with expectations of more rate hikes. This has pressured the price of both gold and silver lower.
Silver has faced additional bearish sentiment due to a slowing economy. Sagging demand for consumer electronics has impacted industrial demand for both silver and gold. BMO Capital Markets commodities analyst Colin Hamilton noted that while the global economy has held up better than expected in the face of monetary tightening, “This is almost solely down to resiliency in the services economy while the manufacturing side is clearly feeling the strain.”
This disproportionately impacts silver because industrial demand makes up over 50% of total silver demand, as compared to only ~7% of gold.”
But looking at the longer term, the supply and demand dynamics are bullish for silver. In fact, there is a looming supply shortage.
Analysts believe that the growing demand for silver in the solar power industry will likely put a significant squeeze on supply in the coming years, and the current price of silver does not reflect the likely shortages.
We’re already seeing a tightening silver supply. While silver demand set records in every category in 2022, supply was flat with mine output falling by 0.6%. This resulted in a 237.7 million ounce market deficit in 2022.
It was the second consecutive annual deficit in a row. The Silver Institute called it “possibly the most significant deficit on record.” It also noted that “the combined shortfalls of the previous two years comfortably offset the cumulative surpluses of the last 11 years.”
This trend is not expected to reverse. Silver Bullion Pte Ltd. CEO Gregor Gregersen recently noted that silver mine production has fallen due to a lack of investment.
Production cannot be materially increased over the short term as it can take over 10 years to commence new mining operations. Therefore, increased silver prices will not lead to increased mine production for a long time.”
Meanwhile, we are likely about to see a huge increase in demand for the white metal thanks to the push for green energy.
Due to its outstanding electrical conductivity, silver is an important element in the production of solar panels. It is used to conduct electrical charges out of the solar cell and into the system. Each solar panel only uses a small amount of silver, but with the demand for solar panels growing exponentially every year, those small amounts of silver add up.
According to a research paper by scientists at the University of New South Wales, solar manufacturers will likely require over 20% of the current annual silver supply by 2027. And by 2050, solar panel production will use approximately 85–98% of the current global silver reserves.
Recession worries would typically dampen industrial demand for silver, but the photovoltaic industry and the “green energy” sector more generally are essentially recession-proof due to support from governments around the world. With battling climate change a priority, it is highly unlikely investment in solar power and other green energy technologies will fall, even in the midst of an economic downturn.
And it’s important to keep in mind that while silver is an industrial metal, more fundamentally, it is money. Despite being more volatile in the short term, silver tends to track with gold over time. If you are inclined to think the Federal Reserve will lose the inflation fight, you should be bullish on both gold and silver.
At some point, investors will have to reckon with the shrinking supply of silver coupled with rising demand, along with the Fed’s inability to bring inflation back to its 2% target. When that happens, the price of silver will likely take off.
Given the supply and demand dynamics, the skewed silver-gold ratio and the likelihood that the Fed will not beat price inflation, $22 silver looks like a great buying opportunity.
Bill’s commentary:
“And the beat(ing) goes on …for “king” dollar.”
In another blow to dollar dominance, India and the United Arab Emirates settled an oil trade without converting local currencies to dollars for the first time on Monday, as India’s top refiner made a payment for oil in rupees.
Indian Oil Corp. bought a million barrels of oil from Abu Dhabi National Oil Company in a dollar-free transaction.
Bill’s commentary:
“Do you think we will have elections in the US, or will it be martial law by then?”
Ukrainian President Volodymyr Zelenskyy signed legislation Thursday extending martial law and general mobilization until Nov. 15 — sowing doubts over whether the country’s parliamentary elections, due to take place before Oct. 29 — will go ahead.
Read more…
Bill’s commentary:
“And where were these jackasses for the last 5 years?”
More than a dozen college presidents have signed on to a new campaign to bolster free speech on their campuses.
The 13 leaders — hailing from Cornell, Duke, and Rutgers Universities, to name a few — are pledging to “urgently spotlight, uplift, and re-emphasize” free speech and academic freedom over the next academic year, they announced Tuesday. The presidents, who are planning what they call “urgent action,” are mostly from private colleges.
Bill’s commentary:
“‘Training’? Training for what?”
An IRS agent was killed during an accidental shooting by another agent during a training exercise Thursday, according to ABC15 sources.
-
Bill’s commentary:
In 1929, the US was the emerging powerhouse, today it is China. Britain was the old failing guard in 1929, today the US occupies that spot. China sits at a debt to GDP ratio of 300% …what could possibly go wrong?
As Bloomberg’s Garfield Reynolds writes in the aftermath of last night’s unexpected Chinese rate cut, while the nation’s economic struggles were (finally) severe enough for the authorities to respond with their biggest interest-rate cut since the pandemic, it will be nowhere near powerful enough to help spark a turnaround.
For a start, Reynolds writes, that scope “is rather less impressive when you realize the reduction in the rate on one-year PBOC loans — or medium-term lending facility — was all of 15 basis points. Most central banks faced with the sort of slowdown China is facing might well decide to cut by three times as much or more.”
Bill’s commentary:
“More good stuff from Russ and Pam Martens”
The Bill Clinton administration’s repeal in 1999 of the 1933 Banking Act, commonly known as the Glass-Steagall Act, ushered in the greatest kleptocracy America has ever known. The Cambridge dictionary defines “kleptocracy” as: “a society whose leaders make themselves rich and powerful by stealing from the rest of the people.” In fact, the actual goal of repealing Glass-Steagall was to do just that.
Bill’s commentary:
“OMG! I have had all sorts of thoughts as to what to say to this. I will keep it very simple WE ARE SCREWED!”
Bill’s commentary:
“So here is a logical question that any normal person might ask. How is it possible that this book was written and offered for sale on Amazon Aug. 10th when the fire started on Aug. 8? Did the author have some sort of heads up like the vaccine creators had in 2019? Just sayin’…? “
-
Bill’s commentary:
“Banana Republic plain and simple!”
In 2017, Simon & Schuster released the book, The Chickenshit Club, by the Pulitzer-prize winning public interest writer, Jesse Eisinger. The title derives from the premise that the prosecutors at the U.S. Department of Justice are too worried about losing a case or harming their ability to get those seven-figure pay packages at the big Wall Street law firms to do their jobs properly as prosecutors. Aside from that narrative, which is brilliantly analyzed by Eisinger, the book reveals a stunning fact about Manhattan federal district court Judge Jed Rakoff – a man who has gone out of his way to portray himself with the media as the protector of the public interest.
Bill’s commentary:
“Put simply, silver is the cheapest asset on the planet.”
Silver is significantly undervalued right now. One analyst called the current price in the $22 an ounce range “inexcusably low.”
But many analysts are bullish on silver in the medium term with projections of prices climbing to $50 to $100 an ounce over the next two to five years.
Bill’s commentary:
“Kudos to Pastor Stanley! A heartwarming yet terrifying dog story with a lesson …NOT FICTION!”
Dogs of all breeds who were sick of the way they had been treated by their earthly owners came together from different neighborhoods to found Doglandia. Doglandia was a nation made up of barkers from the four corners of the world. The dogs were of every color, face and breed.
Originally, they lived to serve the one true Master. Their Master blessed their land and made it abundant and prosperous to all who would work hard. Even though they fought like dogs will do, they patched up their civil differences and had good and productive lives in the land the Master had given them.
Bill’s commentary:
“Again, it was, is, and will be ALL ABOUT CREDIT!”
The China Real Estate Collapse is Here
The Chinese economy is coming apart at the seems as mega-developer Country Garden is fighting for survival, Trust Companies are missing payments, and loans are down a staggering 90% in just one month. After more than a year of speculation following the collapse of Evergrande it looks like the bursting of China’s housing bubble has finally arrived.
-
Bill’s commentary:
“Ah yes, the ‘rule of law’!”
A Los Angeles Nordstrom store was ransacked by a mob of more than 30 people on Saturday, with the suspects getting away with nearly $100,000 worth of handbags and clothes.
The Los Angeles Police Department said a mob of “criminals” stole items from the store at about 4 p.m. on Saturday.
Video captured from inside the store shows a group of 30 to 50 people wearing sweatshirts with hoods over their heads.
Bill’s commentary:
“Did we really need two Princeton PhD’s to tell us this?”
Two prominent climate scientists have taken on the Environmental Protection Agency’s (EPA) new rules to cut CO2 emissions in electricity generation, arguing in testimony that the regulations “will be disastrous for the country, for no scientifically justifiable reason.”
Bill’s commentary:
“This comes from a sitting US Senator …let THAT sink in!”
And now, better late than never, a US politician recognizes that all may not have been what it seemed with the pandemic – and its tyrannical response.
Senator Ron Johnson on Friday told Fox Business’ Maria Bartiromo that Covid-19, and its response, were “preplanned by an elite group of people” who conducted “Event 201” – a joint exercise conducted by John Hopkins, the Bill and Melinda Gates Foundation and the World Economic Forum – which envisioned the spread of a coronavirus pandemic in South America which included over 65 million deaths worldwide.
Bill’s commentary:
“At least the masks work for something?”
Listen to Bill on Greg Hunter
Full Faith & Credit of a Bankrupt Insolvent Government – Bill Holter | Greg Hunter’s USAWatchdog
Bill’s commentary:
“This is no big deal, it happened all the time when we were kids…”
Caleb White — one of the best high school basketball players in the country — has tragically died … after his family said he collapsed during an on-court workout at school on Thursday.
A sudden cardiac arrest took the life of a high school girl, remembered for her exuberance and hard work.
Callie Mitchell, the 16-year-old high schooler entering her junior year, suffered a fatal cardiac arrest at her cheerleading camp, which she attended as of July 24.
Bill’s commentary:
“Of course he was right …Not In My Back Yard!”
On Wednesday’s broadcast of NBC’s “MTP Now,” host Chuck Todd discussed complaints and demands for help from the federal government from Democratic officials in New York and Massachusetts about the influx of migrants in their areas and said that Texas Gov. Greg Abbott (R) “was right” that Democratic-run cities would be angry at the Biden administration once they had to bear the weight of the migrant influx.
Bill’s commentary:
“It’s about time as we see the more woke you get, the faster broke you get!”
Rating agency S&P Global has dropped its use of environmental, social, and governance (ESG) scores to assess corporate borrowers amid questions over the usefulness of such metrics and amid broader backlash to “woke” agendas being pushed in board rooms across the United States.
Since 2021, the credit rating agency has rated companies on a scale from 1 (best) to 5 (worst) in each of the three components of ESG. But now, S&P Global’s ESG scoring system is being dropped in the rating agency’s credit quality assessments of publicly rated firms.
Bill’s commentary:
“UH OH!
The Fed bought $8,604,596,000 in bonds at the 30Y US Treasury bond auction today.
That’s almost 40% of the entire $23 billion issued.”
-
Bill’s commentary:
“Imagine if this were me or you who took $20 million from foreign entities and did not declare it for tax purposes?”
Republicans on the House Oversight Committee on Wednesday revealed over $20 million in payments they claim foreign actors from places like Russia, Ukraine and Kazakhstan sent the Biden family and their associates while Joe Biden was vice president.
Bill’s commentary:
“All they had to do was follow the science and The Constitution?”
(Kellogg, Idaho) — After banning a student from graduation for saying “guys are guys, girls are girls, there is no in between,” a bus driver named Dakota Mailloux joined in a student-led protest, and as a result was summarily fired by the pro-transgender administration at Kellogg School District.
Now, that bus driver has filed a lawsuit against the School District in Federal Court for violating his civil rights.
Bill’s commentary:
“All is well?”
Moody’s cut the credit ratings of a host of small and midsized U.S. banks late Monday and placed several big Wall Street names on negative review.
The firm lowered the ratings of 10 banks by one rung, while major lenders Bank of New York Mellon, U.S. Bancorp, State Street, Truist Financial, Cullen/Frost Bankers and Northern Trust are now under review for a potential downgrade.
-
Bill’s commentary:
“Are people finally waking up and pushing back?”
Over the weekend, Ne-Yo appeared in an interview with Gloria Velez for VladTV in which they criticized parents for allowing their children to have a say in their own gender identity from a young age. Shortly after, the musician issued a statement: “After much reflection, I’d like to express my deepest apologies to anyone that I may have hurt with my comments on parenting and gender identity.” Now, after a little more reflection, Ne-Yo has decided to walked back his apology. “This shit is getting out of hand,” he wrote on Instagram. “I will not be bullied into apologizing for having an opinion.”
Bill’s commentary:
“What a travesty!”
KJ Hamler announced on his Instagram account he has been diagnosed with a “mild heart irritation, called pericarditis.” He said he would miss some time but intended to be back on the field this season after treatment with medication.
The Broncos waived Hamler with a non-football illness designation on Monday. Sources told ESPN the move was made to let him undergo treatment and potentially bring him back later if he is cleared.
-
Bill’s commentary:
“If he follows through, which he does seem to do, this will be entertaining and is extremely important!”
Elon Musk – “If you were unfairly treated by your employer due to posting or liking something on this platform, we will fund your legal bill. No limit. Please let us know.”
Bill’s commentary:
“This IS actually a shocker to me, I had no idea this was happening?”
Mcdonald’s is a fast food empire with over 40,000 restaurants across the globe and more than 13,000 locations in the United States. With an annual revenue of over $23 billion a year, the company is by far the largest burger chain in the world. Since the pandemic, it saw profits ballooning, despite citing rising operational costs and supply chain issues as major problems dragging growth and even passing along a series of price increases to its customers to allegedly offset sales losses.
-
Subscribe
Subscribed
Already have a WordPress.com account? Log in now.
BillHolter.com 