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Bill’s commentary:
“Erik stomping on two social landmines, climate change and vaccines …”
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Bill’s commentary:
“If the wealth tax were to actually pass …then they are partially correct. You will own nothing, but I don’t think you’ll be too happy about it?”
This summer, the Supreme Court will decide if ‘income’ under the law can include an unrealized gain. Guess what.
Bill’s commentary:
“And you think your house is worth how much?”
The average rate on the popular 30-year fixed mortgage hit 7.22% on Thursday, according to Mortgage News Daily. That’s the highest point since early November.
Mortgage rates follow loosely the yield on the 10-year Treasury, which leapt higher following a much stronger-than-expected employment report from ADP.
Bill’s commentary:
“The “run” is on and no one seems to notice …much less care?”
You may recall reading a burst of headlines during the banking crisis in March of this year about depositors fleeing small banks for the perceived comfort of the largest banks. Unfortunately, those headlines were never put in context or updated to reflect a broader picture.
In fact, using deposit data that is updated weekly from the Federal Reserve’s own H.8 releases, it becomes crystal clear that the large banks are bleeding deposits at the fastest pace in 40 years.
Bill’s commentary:
“Dr. Peter McCullough censored again within less than 24 hours. It is commonly asked whether a falling tree in the woods makes a sound if no one is there to hear it? The answer of course is yes, and even as censorship rules the current day, it does not negate truth”
A Lancet review of 325 autopsies after Covid vaccination found that 74% of the deaths were caused by the vaccine – but the study was removed within 24 hours.
The paper, a pre-print that was awaiting peer-review, is written by leading cardiologist Dr. Peter McCullough, Yale epidemiologist Dr. Harvey Risch and their colleagues at the Wellness Company and was published online on Wednesday on the pre-print site of the prestigious medical journal.
Bill’s commentary:
“In case you need a translation, this is a nightmare scenario for the West…”
On Monday, China announced export controls on two rare earth metals, gallium and germanium, starting on August 1. These critical rare earth metals are used in microchip production. On Wednesday, a former top Chinese official was quoted by state media as saying export controls on rare earth metals are “just the beginning.”
“Biden Blocking Sun & Destroying Earth – Dane Wigington.”
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Bill’s commentary:
“Jeremiah checks in with COMEX open interest numbers”
Great and Wonderful Monday Morning Folks,
Something is happening behind the Comex Silver Futures pricing that I think may mean a change in direction. The Open Interest in Silver is now lower than at any other time I’ve been watching/writing.
My old low in Ag OI was 134,269 contracts (when Jim’s site was the place to go), which stayed for years. In the last month (June) I watched a new low come in at 133,698 (6/1). From that time up to the 14th, the OI climbed to 154,214.
The odd thing here is this was early. The OI usually reaches its high around the options expiration day (June 27th). The OI count this expiration time dropped to 134,151, a 20,063 contract reduction since the 14th, and has been continuing its drop up to today, July 3rd at 114,271, a 39,943 contract pullback since mid-June.
Quadruple Witch Week happened on the third Thursday in June, the day after the OI high was hit. I’ve always watched the numbers behind the price, Volume’s and Open Interest show the pumping and dumping of contracts during June with some days showing far more Volume than OI (like in all of 2019). It may be because of Newmont’s Silver Mine shutting down (6/7) with very little data coming out anywhere, at least since June 16th.
Regardless, it appears to me, someone is preparing by getting out of the way via their hedge positions at the Comex. Is this the last low price wrung in Comex Silver?
Even if you hate it, politics now rues the day. Look everywhere! The EU is falling apart. Each nations homies, have been forced to accept people from other nations without vetting. The French people have been kept from responding (by their own government) to the abuses as well as open attacks. Now a burning car hit the home of the mayor of the Paris suburb of l’Hay-les-Roses with rumors that his wife and kids were inside that building. Attempted murder?
What’s Macron to do since he’s pissed off the people of France, with the immigrants Macron let in, now rioting? What will the EU do since they are the ones that insisted unvetted immigration was good for all nations?
Here in the USA, we got a resident in the White House who has been caught serving other nations, with 3 separate investigations proving Hunter and father took millions in payment, from the likes of China and Ukraine. And the same group keeping Joey safe is attacking all candidates, both Dem and Rep, at the same time ignoring our border issue. How will we react when the time comes?
In the recent past, Silver’s price and volatility was controlled by CFTC’s Rostin Behnam during the “Silver Squeeze”. Chairman Benham, I look forward to your conversation in front of a Congressional Hearing on how you thought it was ok to steal value from American citizens in order to tamp. Isn’t your job to make sure things like this doesn’t happen.
How does all this NOT effect precious metals prices? Consider all this and know the manipulations, one day will end, with prices of precious metals reaching heights never imagined. Be long Silver and Gold Calls, hold your stock shares under DRS, and keep your retirement savings in precious metals.
As Always …
Stay Strong!
Jeremiah Johnson
Bill’s commentary:
“This is like stepping on the gas and the brake at the same time?”
Treasury Secretary Janet Yellen will be the next top Biden admin official to try and calm spiraling relations with China, as the Treasury Department confirmed Sunday she’ll travel to Beijing this week, Thursday through Sunday, for meetings with senior officials, in what will mark the first trip of her tenure.
Bill’s commentary:
“Well thought out by Ray Dalio.”
I’m a global macro investor who has been betting on what’s going to happen for over 50 years. I’ve been through all sorts of events and cycles in all sorts of places over a long time which led me to study how these events and cycles work. In the process, I learned that I needed to study history to understand what’s going on and what’s likely to happen.
Bill’s commentary:
“I thought this is what “chemtrails” were for? Besides, if this actually works, then “solar” power doesn’t?”
The White House has opened the door to an audacious plan to block sunlight from hitting the surface of the Earth in a bid to halt global warming.
Despite some scientists warning the effort could have untold side effects from altering the chemical makeup of the atmosphere, President Joe Biden‘s administration have admitted they’re open to the idea, which has never been attempted before.
Bill’s commentary:
“Nothing to see here, please move along …except the rest of the word sees it very clearly!”
Argentina made a loan repayment to the International Monetary Fund worth the equivalent of $2.7 billion “without using dollars” on Friday, using Chinese yuan and special-drawing rights notes (the IMF reserve asset based on a basket of five currencies – the yuan, the euro, the dollar, the yen, and the pound) instead.
Bill’s commentary:
“No one thought of this ahead of time?”
The Scottsbluff, Nebraska 5.2 MW Community Solar project was part of the NPPD’s Sunwise program that consisted of an array has over 14,000 solar panels. It’s reported that it had been put into operation in 2019.
Bill’s commentary:
“Can’t figure this one out either, similar to the huge rise in “unexpected deaths” since 2021?”
New York state is reeling from a COVID-era exodus to low-tax locales as revenue during this fiscal year is down nearly 20%, according to a report.
New York and California saw the steepest drops in tax-generated revenue this fiscal year while Florida and Texas saw their coffers fill up thanks to a pandemic-fueled migration.
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Bill’s commentary:
“Go woke…”
On a recent steamy Sunday afternoon, customers strolled through the aisles of Glenn Miller’s Beer & Soda Warehouse, where overhead fans circulated the hot air.
People heading to picnics, graduation parties and other get-togethers in Lemoyne, a Pennsylvania community just across the Susquehanna River from Harrisburg, breezed into the store, passing myriad displays of beers, with cases of top brands stacked high.
Bill’s commentary:
“I post this only because of just how dollar negative this is. Remember, we live in a fiat world where ‘confidence’ is everything!”
John Solomon called the secret cell phone paid for by Hunter Biden. And Joe Biden answered. He hung up very quickly.
Bill’s commentary:
“They finally found a cure for the flu?”
One of the biggest mysteries of “the pandemic” involves the supposed disappearance of the flu. Did the flu really disappear during the covid hysteria era, or is something else afoot?
Bill’s commentary:
“I agree with most all of this, but I believe the lockdowns were necessary to allow universal mail in voting. THAT was the power grab of the moment. Additionally, I believe it was a “test”. A test to see exactly how compliant the sheeple would be. Looking back, it was quite successful, though the narrative is now unravelling in obvious negative consequences for those who complied …”
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Bill’s commentary:
“Quadrupling down on lunacy. Hollywood, already morally bankrupt for many years is now learning about financial bankruptcy. The number of films profitable in the last year can probably be counted on your own fingers…”
Some 250 woke Hollywood celebrities from movies, TV and music have signed their names to an open letter urging big tech companies to crack down on anyone who doesn’t fall into line with the trans agenda, including advocating life changing gender surgeries on children.
Bill’s commentary:
“But, I thought they told us this was a war to preserve Democracy? How does cancelling elections serve this purpose?”
Elections in Ukraine will be held in 2024 only if martial law is ended by then, Ukrainian President Volodymyr Zelenskyy said in an interview with the BBC on June 22.
Zelenskyy emphasized that according to the Ukrainian constitution, no elections could be held in the country while martial law remains in effect.
“Living in a Coup with Massive Election Rigging & War – Martin Armstrong.”
Legendary financial and geopolitical cycle analyst Martin Armstrong was forecasting “chaos” in 2023, and that’s exactly what we got. His cycle work says don’t look for it to get better anytime soon. Armstrong explains, “We are in the midst of a coup. We have all these people who have been neocons for 30 years.
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Bill’s commentary:
“This is insane! So if I determine that my personal pronouns are “piss on you” and “bite me”, that makes me a felon because some snowflake locked away in a closet sucking “his/her/its/they/them” thumb is uncomfortable?”
A bill moving through the Democrat-controlled Michigan State Legislature would make it easier for prosecutors to bring felonious “hate crime” charges against dissident speech.
The possible implications for preachers, school administrators, teachers, parents, politicians, and citizen activists have alarmed conservatives concerned about the effect the bill may have on free speech.
Bill’s commentary:
“Funny thing how money “moves” like this! Just look at California versus Texas and Florida?”
In 2022 Norway’s third richest man, Kjell Inge Røkke, announced in an open letter to shareholders he was moving to Lugano, Switzerland.
“My capital will continue working in Norway,” wrote the fishing magnate turned industrialist who launched his empire four decades ago with a 69-foot trawler he bought while saving money working on ships off the coast of Alaska.
Bill’s commentary:
“Ooops! But I have just one minor question. If the US Treasury backstopped ALL deposits in the US banking system …who backstops the US Treasury?”
When federal regulators stepped in to backstop all of Silicon Valley Bank’s deposits, they saved thousands of small tech startups and prevented what could have been a catastrophic blow to a sector that relied heavily on the lender.
But the decision to guarantee all accounts above the $250,000 federal deposit insurance limit also helped bigger companies that were in no real danger. Sequoia Capital, the world’s most prominent venture-capital firm, got covered the $1 billion it had with the lender. Kanzhun Ltd., a Beijing-based tech company that runs mobile recruiting app Boss Zhipin, received a backstop for more than $900 million.
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Bill’s commentary:
“While reading this, it would be a good idea to keep “who you gonna trust”?” in the back of your mind for a better understanding …”
Bill’s commentary:
“Safe and effective?”
Basketball player Óscar Cabrera Adames died Thursday of a heart attack while undergoing a stress test at a health center in Santo Domingo. He was just 28 years old.
Dominican sports commentator Héctor Gómez announced the news on Instagram.
Cabrera suffered from myocarditis, a disease that can reduce the heart’s ability to pump blood.
Bill’s commentary:
“Scott Ritter on the reality between Russia and Ukraine (NATO). Truly sad for all of humanity…”
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Bill’s commentary:
“You gotta love this guy, he smokes Bud Light, Target, and Ford all at the same time!”
Bill’s commentary:
“Superheroes? How about not quite right in the head? I am sure the Chinese and Russians quake in their boots every time they see an American male General wearing a dress? Please send your complaints to my human resources department!”
Rachel Levine, the Assistant Secretary of Health in the United States, delivered a speech on Wednesday during an event organized by the US Department of Education.
Levine, a biological male who identifies as a woman, emphasized the importance of “gender affirming care,” which he referred to as child sex changes, stating that it is “medically necessary, safe, and effective for transgender and non-binary youth.”
Bill’s commentary:
“If you are a Trump fan, you will not like this …”
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Bill’s commentary:
“So you wanted to know the “mechanics” of how they suppress gold and silver prices?”
On March 17, 2022, the Federal Reserve began its interest rate hiking cycle, which has, thus far, evolved into 10 consecutive rate hikes, making it the fastest rate increases in 40 years. The Fed’s actions to tame inflation included four consecutive interest rate hikes of an aggressive 75 basis point hike (three quarters of one percent) on June 16, July 28, September 22, and November 3 of last year.
At that point, every trading veteran on Wall Street was scratching their head and asking themselves the same question: why aren’t we hearing about interest rate derivatives blowing up and taking down either a U.S. mega bank or its counterparty on the wrong side of the trade?
Bill’s commentary:
“Do you still have that warm fuzzy feeling?”
Raytheon Chief Executive Greg Hayes admitted last week that Beijing effectively has the US military’s supply chain by the balls thanks to its reliance on rare earths and other materials which come from, or are processed in, China.
Bill’s commentary:
“Full of shit then and still full of shit …?”
Bill’s commentary:
“Do you see the humor in this? Or at least the irony?”
Back in 2015, Hamtramck in Michigan became the first American city to elect a Muslim-majority council. Naturally, liberals celebrated this milestone for multiculturalism, while leading media outlets hailed it as a triumphant success. “Residents in Hamtramck from different religious and cultural backgrounds coexist in harmony,” beamed the BBC.
Sadly, however, this verdict may now need to be reconsidered. Because Hamtramck’s Muslim council has just voted to ban Pride flags: the rainbow-coloured symbols of the LGBT community.
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Bill’s commentary:
“It just keeps getting better and better!”
At a March 13 court hearing this year, prominent attorney, David Boies, argued in open court that the largest federally-insured bank in the United States, JPMorgan Chase – which has more than 5,000 Chase bank branches holding mom and pop savings from coast to coast – had used a private jet owned by the bank’s hedge fund, Highbridge Capital, to transport girls for Epstein’s sex trafficking operation.
Bill’s commentary:
“Censorship is the new “politically correct”. The problem is, truth is no longer the truth, it is hate speech if some warped idiot politician decides it is hate speech.”
The Irish Green Party followed many on the left around the world, including our own Democratic Party, this week and came out for censorship and speech controls. Indeed, the party went full Orwellian as its chairwoman Pauline O’Reilly called for “restricting freedom” to protect it.
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