-
Bill’s commentary:
“They’re Taking America and System Down.”
Precious metals expert and financial writer Bill Holter is looking at what is going on with the financial system and says there is not really an effort to save it. Holter thinks the moves they are making are designed to take the financial system down, and along with it, they want America destroyed too.
Bill’s commentary:
“And again, how exactly do you starve a Ponzi scheme?”
The U.S. banking crisis, which has claimed a few victims since March, is the direct result of the Fed’s fight against high Inflation. Uncertainty about the health of regional banks and rising yields in the money market led to a steady outflow of deposits, bringing banks’ balance sheets to their knees.
Bill’s commentary:
“The new rocket science?”
The recent spate of bank failures is upending a long-held theory among banking executives and regulators—that the value of a lender’s deposit business goes up when interest rates move higher.
The theory rests on an assumption: That banks don’t have to pay depositors much to keep their money around, even as rates rise. The deposits would be a stable source of low-cost funding while the bank earned more money lending at higher rates.
-
Bill’s commentary:
“And a Fed dancing between 2 crocodiles: something gets eaten—the system or the dollar?”
Bill’s commentary:
“China wants to de-risk from the dollar. The G-7 wants to de-risk their supply chain with China. How is this going to work? Do you have any idea how destroyed the standard of living will be?”
Economic security was a major focus on the second day of the G-7 summit of leading industrial nations in Hiroshima, with leaders outlining actions to counter Beijing’s “economic coercion” and non-market practices.
The G-7 countries—the United States, the UK, Japan, Canada, Germany, France, and Italy—announced on May 20 their plan to address the “disturbing rise in incidents of economic coercion.”
Bill’s commentary:
“One must wonder what economic growth would look like if there were no ‘government interventions’?”
‘There is no more dangerous menace to civilization than a government of incompetent, corrupt, or vile men.’ Ludwig von Mises. (1881-1973).
Bill’s commentary:
“Wow, what a shocker! Now the question is, will WHO connect the obvious dots?”
UK authorities are investigating an “unusual” surge in severe myocarditis which has hit 15 babies in Wales and England and has killed at least one, the World Health Organization has announced.
On Tuesday, the WHO issued an alert that there had been a rise in “severe myocarditis” in newborns and infants between June 2022 and March 2023 in Wales and England.
-
Bill’s commentary:
“Erik on a rampage!”
Bill’s commentary:
“If you understand this chart, then then you understand what the mathematical problem is…”
In January, the $31.4 trillion debt limit—the amount of debt the U.S. government can hold—was reached. That means U.S. cash reserves could be exhausted by June 1 according to Treasury Secretary Janet Yellen. Should Republicans and Democrats fail to act, the U.S. could default on its debt, causing harmful effects across the financial system.
Bill’s commentary:
“The word they are arguing over should be “depression”, not some garden variety recession. In fact, shouldn’t the real discussion be about ‘end of empire’?”
Think seriously for a moment about what we were told about inflation over the last two years. As everybody knows, both the government and the Federal Reserve swore up and down to us that inflation was going to be transitory and they were, of course, dead wrong.
Bill’s commentary:
“If banks are losing deposits, then the next question is, what happens when you starve a Ponzi scheme?”
‘Democracy always collapses following loose fiscal policy; always followed by dictatorship.’ Alexis de Tocqueville. (1805-1859).
-
Bill’s commentary:
“So now Facebook, Youtube, etc will now ban the Cleveland Clinic for heresy?”
A study conducted on the effectiveness of the bivalent COVID-19 vaccine has surprised many at the Cleveland Clinic. The organization studied its employees to determine how the new bivalent vaccines stack up against some of the more prevalent COVID strains in circulation. The results weren’t what they expected.
Bill’s commentary:
“When all is said and done, you CANNOT FOOL Mother Nature! Please remember these words…”
Today, we get a new perspective on the market’s performance when normalized for the record collapse in breadth. According to SocGen it’s not so much a handful of stocks that has carried the entire market this year: it’s just one specific trade, Artificial Intelligence (which will soon spark hundreds of millions in margin-boosting layoffs across western countries).
Bill’s commentary:
“Of interest”
Governor Ron DeSantis signs legislation to ban a federally adopted central bank digital currency.
DeSantis was joined by Commissioner Wilton Simpson and President Kathleen Passidomo at Southwest Florida Public Service Academy at Fort Myers Technical College.
Governor Ron DeSantis announced comprehensive legislation to protect Floridians from the Biden administration’s weaponization of the financial sector through a Central Bank Digital Currency (CBDC).
Bill’s commentary:
“Pay attention to the US CDS risk chart and total interest payments. The party is over …”
‘Debts are like children; begot with pleasure, but brought forth with pain.’ Moliere. (Jean-Baptiste Poquelin). (1622-1673).
-
Bill’s commentary:
“The man has a way with pictures!”
‘Why then, is gold the unmentionable, four letter word of economics? The answer is threefold: A misunderstanding of the role of money; a misreading of history; and finally, visceral revulsion to the notion that a metal can do a better job of guiding monetary policy than a gaggle of finance ministers, central bankers and well-degreed economists.’ Malcolm Forbes. (1919-1990).
Bill’s commentary:
“David Tice produced a film re the “grid down”. Please watch and sign the petition if you choose?”
Please watch either full movie or 12-minute highlights reel
Then write letters or sign petition .
Bill’s commentary:
“Some pissed off Erik for your week!”
Bill’s commentary:
“This is SIGNIFICANT!”
On May 2, a Texas House committee passed a bill to create 100% reserve gold and silver-backed transactional currencies. Enactment of this legislation would create an option for people to conduct business in sound money, set the stage to undermine the Federal Reserve’s monopoly on money, and possibly create a viable alternative to a central bank digital currency (CBDC).
Bill’s commentary:
“Not business but something to scratch your head over the weekend…”
-
Bill’s commentary:
“And why exactly is the IRS armed? Are they defending against something or is this offensive in nature?”
What does it say about the state of our freedoms that there are now more pencil-pushing, bureaucratic (non-military) government agents armed with weapons than U.S. Marines?
Among the agencies being supplied with night-vision equipment, body armor, hollow-point bullets, shotguns, drones, assault rifles and LP gas cannons are the IRS, Smithsonian, U.S. Mint, Health and Human Services, FDA, Small Business Administration, Social Security Administration, National Oceanic and Atmospheric Administration, Education Department, Energy Department, Bureau of Engraving and Printing and an assortment of public universities.
Bill’s commentary:
“This is totally normal, nothing to see here!”
PacWest sank 50.6% and was halted for volatility multiple times. The slide began on Wednesday evening following news that the Los Angeles-based bank was exploring strategic options, including a potential sale.
Bill’s commentary:
“Posted without comment.”
Navy SEAL Robert J. O’Neill, who was on the mission to kill Islamic terrorist Osama bin Laden, is blasting the U.S. Navy for using a drag queen to recruit new sailors into service.
On Monday, The Daily Caller’s Micaela Burrow reported the Navy had recruited Joshua Kelley — an active-duty drag queen who goes by the stage name Harpy Daniels and identifies as non-binary — to be a “Navy Digital Ambassador.” According to the report, the Digital Ambassador pilot program ran from October 2022 to March 2023 and was designed to “explore the digital environment to reach a wide range of potential candidates” for military recruitment.
Bill’s commentary:
“And the vast majority are owned via credit. One should ask, who loaned the money in the first place?”
In 1982, the mall meant freedom. You were dropped off at noon and picked up at dusk. In the hours between, you were left to roam in the preferred fashion—in a teenage pack. Some started at The Sweet Factory, then spent the afternoon dipping a hand into the candy bag like a wino with a bottle. Some started at the food court with caramel corn or Orange Julius. We all made a point of stopping by the knife shop to examine the throwing stars and Bowies.
-
Bill’s commentary:
“Dismal Dave checks in with us from vacation”
‘Freedom of speech is a principal pillar of a free government; when this support is taken away, the constitution of a free society is dissolved, and tyranny is erected on its ruins. Republics…derive their strength and vigour from a popular examination into the action of the magistrates.’ Benjamin Franklin. (1706-1790).
Ahem…
Bill’s commentary:
“CV19 Bioweapon Caused a Pandemic of the Vaccinated – Ed Dowd.”
Ed Dowd was a money manager on Wall Street and is still a skillful number cruncher. He worked for Black Rock and made billions of dollars in profits by being right on the data. Now, Dowd has turned his skills toward the numbers of deaths and serious injuries surrounding the CV19 bioweapon vax.
Bill’s commentary:
“The man has been correct. and for the right reasons all along!”
Stanley Druckenmiller, the hedge fund investor and long-time deficit hawk, said the current impasse over the debt ceiling is dwarfed by the dangers of unchecked future government spending.
-
Bill’s commentary:
These idiots actually believe “voting threatens democracy”? Really? The only thing voting (and actual fair and just counting) threatens, is retarded policy jammed and rammed through by a bunch of crazies. They WILL go to far at some point…mark my words!
The Jeff Bezos Post sent two reporters to Grand Haven, Michigan, a town of 11,011 people and the county seat of Ottawa County. Their job was to do his newspaper’s version of a story in Politico in February, “What It Looks Like When the Far Right Takes Control of Local Government.”
The Jeff Bezos newspaper titled its entry in the hair-on-fire coverage of a western Michigan County’s politics, “In a thriving Michigan county, a community goes to war with itself.
“By all accounts I wonder how much market value of these bonds are worth today and the unrealized losses on the books of the banks, private institutions and BOJ that bought them. On the surface it looks like Europe and Japan have the worst of it yet with global counter party risk let alone European banks with US branches insured by FDIC , the unrealized losses look to be coming our way on these too.” – Kevin
“Kevin, Please think back just a few years ago when we tried to warn of the hazards and idiocy of negative interest rates. Here we are now with balance sheets being destroyed by these “safe” investments. If anything in today’s world surprises anyone…then they just haven’t been paying attention!” – Bill
Bill’s commentary:
Bill’s commentary:
But rest assured, the Fed has not made ANY OTHER MISTAKES?
The Federal Reserve’s banking supervisors failed to take forceful action to address growing problems at Silicon Valley Bank before it collapsed last month, the central bank’s top regulator said, signaling a broad push to toughen rules on the industry.
Bill’s commentary:
When is a deal not a deal? The rest of the world can tell you their experience…!
Hundreds of Army aviation officers who were set to leave the military are being held to another three years of service after they say the branch quietly reinterpreted part of their contract amid retention and recruitment issues.
The shift has sparked an uproar among the more than 600 affected active-duty commissioned officers, including some who say their plans to start families, launch businesses and begin their civilian lives have been suddenly derailed.
Bill’s commentary:
“If the banks were truly solid, would this even be an issue? Too much leverage, past ridiculously low credit standards, and derivatives are the underlying problems, cryptos are a side show in my opinion …”
According to an article in American Banker titled “SEC’s Gensler Directly Links Crypto and Bank Failures,” SEC Chair Gary Gensler has asked for more financial resources to police the crypto market. Gensler testified at an April 18 House Financial Services Committee hearing:
[Crypto companies] have chosen to be noncompliant and not provide investors with confidence and protections, and it undermines the $100 trillion capital markets …
Silvergate and Signature [banks] were engaged in the crypto business — I mean some would say that they were crypto-backed …
Silicon Valley Bank, actually when it failed, saw the country’s — the world’s — second-leading stable coin had $3 billion involved there, depegged, so it’s interesting just how this was all part of this crypto narrative as well.
Bill’s commentary:
Dismal Dave sends us charts before a well deserved break!
‘Once a nation parts with the control of its currency and credit, it matters not who makes the nation’s laws. Usury, once in control, will wreck any nation.’ William Lyon Mackenzie King (1874-1950). Prime Minister of Canada, 1935.
-
Bill’s commentary:
“Have you ever seen a hamster on a treadmill?”
The cost of servicing the federal debt hit the highest level in 23 years in the first quarter of this year, a Thursday report from the Bureau of Economic Analysis indicated, showing the rising strain of massive deficits on government finances.
Federal spending on interest payments rose to 3.5% of GDP, the highest such mark since the first quarter of 2000. In dollar terms, the federal government spent about $230 billion on interest in the quarter.
Bill’s commentary:
“And during a time of war, charging stations will just “pop up” where they are needed?”
As if the US military was not already crippled by woke activism at the highest levels of the Department of Defense, the latest news suggests that the nation’s military vehicle fleet will be hobbled as well.
Biden Energy Secretary Jennifer Granholm, a Canadian born lawyer with no military background, testified Wednesday to the Senate Armed Services Committee that she supported requiring the United States military to move to an all-electric vehicle fleet by 2030. That’s less than seven years.
Bill’s commentary:
“Nothing to see here, please move along …”
The yuan became the most widely-used currency for cross-border transactions in China in March, overtaking the dollar for the first time, official data showed, reflecting efforts by Beijing to internationalize use of the yuan.
Cross-border payments and receipts in yuan rose to a record $549.9 billion in March from $434.5 billion a month earlier, according to Reuters calculation based on data from the State Administration of Foreign Exchange.
Bill’s commentary:
“That last chart, gold and silver have THE largest cup and handle formations I have ever seen!”
‘None are more hopelessly enslaved than those who falsely believe they are free.’ Johann Wolfgang von Goethe. (1749-1832).
-
Bill’s commentary:
“Now it costs more to insure US Treasury debt than Mexican debt?”
Insuring US Treasury notes against default now costs more than insuring Mexican debt, as House Republicans threaten to push the US into technical default rather than give the Biden administration more room for deficit spending. If April tax receipts turn out to have been weaker than expected, default could hit as early as mid-June.
Bill’s commentary:
“Posted with only one word, “CONFIDENCE?””
According to a new poll, 60% of US voters say it’s likely that ‘cheating’ affected the outcome of the 2022 midterm elections, while 35% of voters don’t think cheating was a factor in some races, Rasmussen reports in a Thursday poll.
Bill’s commentary:
“You mean central banks are buying gold and selling Treasuries? Maybe you should do the same?”
-
Subscribe
Subscribed
Already have a WordPress.com account? Log in now.
BillHolter.com 