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Bill’s commentary:
“Slowly but surely ‘the truth will set you free’?”
“The Australian people were initially told that mRNA injections would stop them getting infected with Covid, would stop them spreading it, and most importantly would stop them dying from it. We were told that we were selfish if we were not willing to be vaccinated and that we could kill grandma or kill grandpa. Around 97.5% of Australians over 16 followed the government advice and have had at least one dose of mRNA injection, yet the only data that accurately identifies the vaccination status of those who got Covid showed quite clearly that the vaccinated are more likely to be infected, hospitalized, and die of Covid.”
Bills’ commentary:
“Is this one of those “everything is fine” meetings?”
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Bill’s commentary:
“Bond market sees biggest decline on record in 2022! You do understand don’t you, ‘credit’, or in other words bonds …ARE the foundation the entire Western financial system stands upon? To make it simple for you, 1+1 = 2, and when credit destructs as it is now doing, the foundation you believed in crumbles …and SO DOES YOUR WAY OF LIFE!”
‘Understand this. Things are now in motion that cannot be undone.’ Gandalf the White.
Nice graphic Dismal Dave!
Bill’s commentary:
“Erik with several good points.”
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Bill’s commentary:
“Are they actually saying this publicly? That the failure of just one bank would have taken the entire financial system down? If this is true, one must ask themself, how sound is the ‘system’ in reality?”
The chairman of Switzerland’s largest bank received an urgent call last week. On the other end were three top Swiss officials who delivered an ultimatum dressed up as a proposal. UBS Group AG UBS -3.09%decrease; red down pointing triangle needed to rescue its failing rival, Credit Suisse CS -5.48%decrease; red down pointing triangle Group AG.
For any country, it would be a financial emergency. For Switzerland, the stakes verged on existential. Its economic model and national identity, cultivated over centuries, were built on safeguarding the world’s wealth. It wasn’t just about a bank. Switzerland itself needed rescuing.
Bill’s commentary:
“The BRICS will set the price of gold not the west.”
Egypt has officially become a new member of the New Development Bank (NDB) created by BRICS member states (Brazil, Russia, India, China and South Africa) after completing the necessary procedures, according to an update on the composition of the bank posted on the website of the financial institution on Wednesday.
“Medical, Financial, Political & War Disasters Getting Worse” – Dr. Chris Martenson.
Dr. Chris Martenson holds a PhD in toxicology from Duke University, is a futurist and economic researcher. He is also a Wall Street Journal best-selling author with his new revised book called “Crash Course.” Martenson said in August 2021 on USAWatchdog that the FDA approval of Pfizer’s CV19 vaccine named Comirnaty was “actually a fraud.” He was right. Now, Martenson is warning that medical, financial and war troubles abound and people need to get ready to deal with a reality that no human has ever seen before. Martenson starts with the medical disaster called the CV19 vax and explains, “As you give these (CV19 injections) to people,, their immune system gets worse and worse and worse. That’s what is about to come through with common knowledge. You can see them fighting it, but people are starting to notice, hey, my friend who is quadruple jabbed is getting sick all the time now with colds, Covid, whatever. It is very clear this is the single most disastrous medical intervention in all of human history.”
Bill’s commentary:
“Richard Russell described this situation as ‘Inflate or die’!”
At the beginning of last week, everyone expected central banks to “tighten until something breaks”. By the end of the week it was clear that they’d already broken everything.
Two middling US banks imploded, European mega-bank Credit Suisse finally died a well-justified death, and “who’s next?” speculation ran wild. And just like that, the era of tight money ended.
Now the world’s monetary authorities have broadened the definition of “systemic risk” to cover pretty much anything. FDIC insurance has been extended to every bank account of any size. Credit Suisse is being bought for pennies on the dollar by rival Swiss giant UBS.
Bill’s commentary:
“If you have not seen this, it is nuts!” – Dave
“Yes it is Dave. This will all end up in the lap of the Treasury …and they do not exactly have a solid balance sheet do they?” – Bill
Jamie Dimon is the Chairman and CEO of JPMorgan Chase, the largest bank in the U.S., which is also ranked the riskiest global bank by its regulators. But instead of getting his own house in order in the midst of a banking crisis, Dimon has been peculiarly focused elsewhere.
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Bill’s commentary:
“Blame everyone but yourself?
California attorney general Rob Bonta (D.) is blaming car manufacturers for the spike in car thefts that has occurred on his watch.In a letter to Hyundai and Kia, Bonta and 22 other attorneys general on Monday claimed the carmakers helped fuel a national car theft epidemic by not installing engine immobilizers to certain vehicle models. The letter notes that over the past two years, carjacking teens launched viral TikTok tutorials on how to override certain Kia and Hyundai security devices.
Bill’s commentary:
“Why are Dave’s charts always so dismal?”
‘The bank hath benefit of interest on all moneys which it creates out of nothing.’ William Paterson (1655-1794). founder of the Bank of England in 1694, then a privately owned bank.
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Bill’s commentary:
“Here is the obvious, get woke and go broke!”
A suburban Chicago bakery that was targeted after announcing plans to host a family-friendly drag brunch may now close due to what the bakery’s owner described as “horrific harassment that no business should endure.”
UpRising Bakery and Cafe in Lake in the Hills said it plans to close on March 31 if it cannot make up for losses it has experienced since it became the center of controversy in July 2022.
“Closing our doors is the direct result of the horrific attacks, endless harassment, and unrelenting negative misinformation about our establishment in the last eight months,” owner Corinna Sac said in a statement.
UpRising Bakery and Cafe first made headlines last summer when the bakery scheduled a drag show brunch that was set to be for all ages. In what would eventually become part of a national trend, the bakery was quickly targeted with “hateful comments and fake negative reviews” and, later, threats of violence and vandalism.
Bill’s commentary:
“Read these charts together, they tell you a very unpleasant story…”
‘Remember: Gold never defaults.’ John Exter (1910-2006). Founder Governor of the Central Bank.
“Trump CV19 Vax Contract Violated by Pfizer – Karen Kingston.”
Karen Kingston is a biotech analyst and former Pfizer employee who understands complicated medical and biological contracts. Kingston has been doing a deep dive into the contract President Trump signed with Pfizer for their version of the CV19 vax. The contract proves Trump required Pfizer to follow the law to produce a safe and effective vaccine. The Pfizer vax was not safe or effective and violated the contract. On top of that, the Pfizer vax turned out to be a bioweapon. Pfizer says it produced 63% of the 13 billion injections worldwide.
Bill’s commentary:
“Really? I would much rather be sexist and racist …than “piggish” and smell like shit! If my child went to this professor’s school, I would demand an immediate refund…”
There was a time when cleanliness was viewed as “next to godliness.” That clearly has changed. It is now apparently next to white supremacy. While it would be impossible to discuss all of the wacky scholarship being published today, Loyola (Chicago) Professor Jenna Drenten is a standout with a new theory that “cleanliness” is a “cultural gatekeeping mechanism” with “racist,” “sexist” and “classist” roots. It turns out that the sweet spice rack that your kid brought back from shop is actually a stratified, structural vehicle for white supremacy and male dominance . . . unless you keep it messy. Otherwise, you are pushing racist, sexist “pantry porn.”
Bill’s commentary:
“WOW, here’s a real shocker! “
At the same time that Department of Justice officials were using spying and corruption statutes to aggressively pursue Donald Trump’s allies based on what turned out to be rumor and innuendo, they declined to use those same laws to investigate evidence of wrongdoing involving Biden family members and one of their corrupt Chinese business partners, DOJ documents and federal court records reveal.
In 2016-2017, the evidence shows, the FBI raided the offices and intercepted the communications of Chi Ping “Patrick” Ho, a Chinese national suspected of espionage even as he was negotiating business deals with former Vice President Joe Biden’s son Hunter and brother James.
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Bill’s commentary:
“Janet Yellen pretty much admits they make up the rules as they go?”
Bill’s commentary:
“WOW, here’s a real shocker!”
At the same time that Department of Justice officials were using spying and corruption statutes to aggressively pursue Donald Trump’s allies based on what turned out to be rumor and innuendo, they declined to use those same laws to investigate evidence of wrongdoing involving Biden family members and one of their corrupt Chinese business partners, DOJ documents and federal court records reveal.
In 2016-2017, the evidence shows, the FBI raided the offices and intercepted the communications of Chi Ping “Patrick” Ho, a Chinese national suspected of espionage even as he was negotiating business deals with former Vice President Joe Biden’s son Hunter and brother James.
Bill’s commentary:
“Does she cause a mass exodus (otherwise known as a bank run) on the smaller banks? Is this the plan to consolidate all the small banks into the larger ones prior to issuance of the CBDC?”
Treasury Secretary Janet Yellen sought to reassure markets and lawmakers on Thursday that the federal government is committed to protecting U.S. bank deposits following the failure of Silicon Valley Bank and Signature Bank over the weekend.
“Our banking system remains sound and Americans can feel confident that their deposits will be there when they need them,” Yellen said in testimony before the Senate Finance Committee.
Bill’s commentary:
“Don’t believe the title!”
Bill’s commentary:
“Does she cause a mass exodus (otherwise known as a bank run) on the smaller banks? Is this the plan to consolidate all the small banks into the larger ones prior to issuance of the CBDC?”
Treasury Secretary Janet Yellen sought to reassure markets and lawmakers on Thursday that the federal government is committed to protecting U.S. bank deposits following the failure of Silicon Valley Bank and Signature Bank over the weekend.
“Our banking system remains sound and Americans can feel confident that their deposits will be there when they need them,” Yellen said.
Bill’s commentary:
“Already larger than 2008? But the party only just started?”
Banks borrowed a combined $164.8 billion from two Federal Reserve backstop facilities in the most recent week, a sign of escalated funding strains in the aftermath of Silicon Valley Bank’s failure.
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U.S. Treasury Secretary Janet Yellen finds herself in a very dubious position. Under the Dodd-Frank financial reform legislation of 2010, the U.S. Treasury Secretary was given increased powers to oversee financial stability in the U.S. banking system. This increase in power came in response to the 2008 financial crisis – the worst financial collapse since the Great Depression. The legislation made the Treasury Secretary the Chair of the newly created Financial Stability Oversight Council (F-SOC), whose meetings include the heads of all of the federal agencies that supervise banks and trading on Wall Street. The legislation also required the Treasury Secretary’s authorization before the Federal Reserve could create any more of those $29 trillion emergency bailout programs for the mega banks – which had tethered themselves to casino trading on Wall Street since the repeal of the Glass-Steagall Act in 1999.
Bill’s commentary:
“WOW, this is even better than ‘a chicken in every pot’!!!”
Payments of $5 million to every eligible Black adult, the elimination of personal debt and tax burdens, guaranteed annual incomes of at least $97,000 for 250 years and homes in San Francisco for just $1 a family.
Bill’s commentary:
“Some hardcore Erik for you.”
Bill’s commentary:
“Some unbelievable charts for your perusal!”
‘Paper is poverty; it is only the ghost of money, and not money itself.’ Thomas Jefferson. (1743-1826).
Reading Aid:
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Bill’s commentary:
“As a result of a failed auction, the US Treasury was forced Sunday night/Monday morning to put its own hollowed out balance sheet on the line. Maybe SVB does get sold, but one must wonder now about the Treasury itself and its pledge to back stop the entire Western world?”
US banking regulators have been placed in a challenging situation following the collapse of Silicon Valley Bank, as they are now responsible for protecting depositors and preventing further bank runs. Regulators are now facing the daunting task of attempting to auction off the failed bank for a second time, but this time have sought the assistance of an investment bank to explore potential options.
Regulators at the US Federal Deposit Insurance Corp (FDIC) tapped advisors at the investment bank Piper Sandler Companies to relaunch a failed auction of SVB, according to Reuters, citing people familiar with the matter.
Officials from the FDIC seized SVB last Friday after $42 billion of deposit withdrawals one day prior caused the bank to fail. A weekend auction of the bank to top institutions proved to be unsuccessful.
Bill’s frightful commentary:
“Hopefully you have your crash helmuts on! There is much out there and all on a collision course. The banks, the Bidens, Russia/China, vaxidents/gain of function/biolabs and more.
First, it is becoming common knowledge that if you took the vax, you made a mistake. And each booster you took was a bigger mistake …as in you killed yourself. I personally have spoken to many people who did take the vax and now have buyers remorse. The knowledge is spreading and the anger, finally, is starting to grow. There are also several lawsuits begun which will surely be followed by more. The “legal shield” seems to have some cracks in it. Do not be surprised when Russia offers proof of biolabs in Ukraine. The media may not report it but I assure you, if a tree falls in the woods where there is no one around …IT DOES MAKE SOUND!
Russia/China have been hard at work, their latest task was brokering a deal between the Saudis and Iran. Previously considered an impossible task. Please keep in mind, the Saudis have said publicly they will take payment in funds other than dollars. Kiss the petrodollar goodbye. Also, it has been reported that The Kremlin has publicly thanked the US for cutting them off from SWIFT, as they now do not need to worry about US banks.
The banks; the entire US banking system has been downgraded, let that sink in! The SVB “auction” over the weekend looks like it failed. I have heard two reports that there were no bidders, and another where there was only one. No difference, the same thing. I believe this to be true as the Treasury announced Monday morning they would backstop the entire system. Think about this for a moment. The US Treasury, sitting with (on books only) of $31 trillion or 125% of GDP and must borrow over $1 trillion per year just to keep the doors open …will backstop $17 trillion in deposits. Do you see how bad this is? A bankrupt entity is guaranteeing your savings in entities that would already have collapsed were it not for the Treasury declaration. In no way can the Treasury backstop anything …and to add some humor, they are already up against the debt ceiling …whatever that is? Basically, a shitfaced drunk trying to hold up another drunk, quite a sight to see!
Lastly “the Biden’s”. We have all known about the grift and theft but now it’s getting serious. Apparently there are 150 “suspicious activity” reports filed (ignored) until now. Do they choose now to release them to add to the above party favors? Do they release them now to create even more havoc? Do they let a cackling hyena captain the USS Titanic to her final demise?
It does look to me like much of this is coordinated. If not, quite the coincidence but truly ugly if you live in the Western world, particularly the US. Get ready for your world to change drastically …and certainly not in any good way at all!”
Standing watch,
Bill Holter
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Bill’s commentary:
“Some truly ugly charts fro our pal down under, Dismal Dave.”
‘If you don’t read the newspaper you are uninformed, if you do read the newspaper, you are misinformed.’ Mark Twain. (1835-1910).
Bill’s commentary:
“Pastor Stanely with more for us. I would simply ask why there is ANY need for FDIC since the Treasury now says they back EVERYTHING???”
Last night, just after the futures markets opened, the Treasury, the Federal Reserve and the FDIC issued a ‘joint press release’ to inform the world of their method of salvation for the banking system:
…’the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors.’…
Bill’s commentary:
“Is this true? If so, I guess the question is, how do you catch a hypersonic missile …if you are not yet hypersonic?”
In the last several days, multiple sources have published information regarding the Kiev regime’s usage of a number of NATO weapons and munitions, including the JDAM (Joint Direct Attack Munition) bombs. JDAMs are standard unguided freefall/gravity bombs (so-called “dumb bombs”) equipped with a guidance kit that converts them into all-weather PGMs (precision-guided munitions). Guided by an integrated inertial guidance system combined with a GPS receiver, JDAMs have a declared range of up to 30 km, although this has been extended with newer versions, such as the JDAM-ER (up to 70 km). Precisely this type was given to the Neo-Nazi junta in recent weeks, according to the US Air Force Europe (USAFE) command.
Bill’s commentary:
“I have never had a high opinion of Cramer, and he does not disappoint with his “solution”. If I read this correctly, he is suggesting the solution to bank runs is to prevent money, ALL money from moving? Would it really be YOUR money, if you could not “move it” and thus use it? Am I missing something?”
CNBC’s Jim Cramer treaded lightly before the Wall Street opening bell with his commentary on what might be in store for the market Monday after the collapse of Silicon Valley Bank in California and Signature Bank in New York.
Cramer, who has come under scrutiny for hyping SVB before it failed, was on Squawk on the Street to talk about the bank run that caused its collapse. Financial observers have been concerned that the bank’s failure could spark runs on other smaller regional banks, which could send the economy into a freefall.
After suggesting that Silicon Valley Bank’s examiners should be called into question, Cramer said that “what I’m concerned about is that when you see where all these banks are trading, you may need to have more assurance than we’re getting right now.
Bill’s commentary:
“I’m not sure, but if she said “I apologize for acting like a tyrant” might have better?”
Michigan Gov. Gretchen Whitmer (D) admitted on Sunday that her administration’s pandemic-era lockdown policies went too far, such as her April 2020 executive order barring most stores from selling gardening supplies, including seeds and plants, to Americans who anted to grow their own fruits and vegetables.
Bill’s commentary:
“Dave sends us the scoop by Wall St. on Parade”
If you want to genuinely understand why Silicon Valley Bank (SVB) failed and why Jerome Powell’s Fed led the effort yesterday to make sure $150 billion of the bank’s uninsured depositors’ money would be treated as FDIC insured and available today, you need to take a look at how the bank defined itself right up until it blew up on Friday. (That history is still available at the Internet Archives’ Wayback Machine at this link. Give the page time to load.)
This was a financial institution deployed to facilitate the goals of powerful venture capital and private equity operators, by financing tech and pharmaceutical startups until they could raise millions or billions of dollars in a Wall Street Initial Public Offering (IPO). The bank was also involved in managing the wealth of those startup millionaires or billionaires once they struck it big in an IPO.
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Bill’s commentary:
“A thinking person might ask now that it was sold for $1 (Mortimer), what was it valued at on the books last week?”
LONDON — Silicon Valley Bank UK is being acquired by HSBC in a £1 deal that will protect deposits, the United Kingdom’s chancellor and HSBC said on Monday.
“This morning, the Government and the Bank of England facilitated a private sale of Silicon Valley Bank UK to HSBC,” Chancellor of the Exchequer Jeremy Hunt said on Twitter. “Deposits will be protected, with no taxpayer support.”
Bill’s commentary:
“Gold nor silver can go bankrupt…the end.”
‘No asset is safe now. The only choice to hedge risks is to hold hard currency, as in gold.’ Zhang Jianhua, Peoples Bank of China.
Bill’s commentary:
“He’s got that right!”
Bill’s commentary:
“Interesting link?”
Please file this under ‘you just can’t make this stuff up: Joseph Gentile who has served as Chief Administrative Officer at the recently caput Silicon Valley Bank since 2007 was, prior to joining SVP, CFO for Lehman Brothers’ Global Investment Bank, Fixed Income Division.
Just because SVB and Lehman collapsed where he was a leading player doesn’t necessarily make this man the ‘harbinger’ of doom. Perhaps this is just a guy that you wouldn’t want to have wish you ‘luck’. Perhaps…
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