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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.
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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).
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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?”
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Bill’s commentary:
“You didn’t really think the bubbling bank problems were over, did you?”
First Republic Bank appears to have gotten out of immediate liquidity trouble, but it has dug itself a deep profitability hole.
To cover deposit outflows, the lender had to borrow heavily at high rates from the Federal Reserve, the Federal Home Loan Bank and JPMorgan Chase & Co., in addition to the $30 billion that JPMorgan and 10 of the other largest banks deposited at the bank in an effort to rescue it. Total borrowings peaked at $138.1 billion on March 15, declining to $104 billion as of April 21, the bank said in its quarterly earnings statement on Monday.
Bill’s commentary:
“Is the market acting like an hourglass? Why such an increase in Treasury rates from 1 to 2 months out? Please ponder this?”
‘The most melancholy thing about life today is that knowledge is being gathered at an incredible pace while wisdom lags behind.’ Isaac Asimov. (1920-1992).
Bill’s commentary:
“Rocket scientist of the year award!”
In order to defeat fascism, Representative Alexandria Ocasio-Cortez has called for the military to shut down news agencies that say anything unapproved by the government.
“It’s like, defeating fascism 101,” said Ms. Ocasio-Cortez. “The government takes control of the nation’s media, then silences all the bad people. Fascism solved!”
Bill’s commentary:
“Posted with no comment necessary…”
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Bill’s commentary:
So, this is what happens when you are directly over the target?
Right-wing prime-time host Tucker Carlson is leaving Fox News immediately, the cable network announced Monday.
The announcement came days after Fox News’ parent company settled Dominion Voting Systems’ defamation lawsuit for $787.5 million. The company’s hosts were not required to talk about the lawsuit, or make an apology for it, as part of the settlement, CNBC previously reported
Bill’s commentary:
“Is this real or AI created? I cannot believe what I just watched!”
Bill’s commentary:
“We don’t call 911 in Texas. This is something that will ultimately spread overnight through our nation as the financial system collapses. Once this has occurred, no one will answer your 911 call, and YOU will be THE ONLY LAW OF YOUR LAND! Don’t believe me? Just wait a little while, you will understand soon …”
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Bill’s commentary:
“What is the deal with 22% and 22%? In any case, price always follows volume, and in this case it looks like “bankruptcy” is the end game?”
Bill’s commentary:
“Turn out the lights, the party is over?”
Carvana Co. is preparing to sell $479 million in bonds backed by subprime auto loans, its first offering of asset-backed bonds that aren’t from prime borrowers in over a year.
Bill’s commentary:
“You mean there might be a problem with …”liquidity”? In an over-levered world?”
‘I hope to die on Mars. Just not on impact.’ Elon Musk. (1971-).
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Bill’s commentary:
“A 237 MILLION ounce deficit? And price barely went up? Something stinks! Maybe we can ask Gary Gensler?”
Total global silver demand in 2022 came in at a record $1.242 billion ounces. This represented an 18% increase in silver demand over 2021.
Net physical silver investment rose for a fifth consecutive year to a new high of 332.9 million ounces. Silver investment in India charted a staggering 188% increase over 2021 with lower prices and bargain hunting driving demand higher. There was modest demand growth in the US despite ongoing supply shortages that drove premiums exceptionally high – especially on American Silver Eagle coins.
Bill’s commentary:
“Without comment.”
Gary Gensler sweating bullets…
Bill’s commentary:
“Socialism …”
A Biden administration rule is set to take effect that will force good-credit home buyers to pay more for their mortgages to subsidize loans to higher-risk borrowers.
Experts believe that borrowers with a credit score of about 680 would pay around $40 more per month on a $400,000 mortgage under rules from the Federal Housing Finance Agency that go into effect May 1, costs that will help subsidize people with lower credit ratings also looking for a mortgage, according to a Washington Times report Tuesday.
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Bill’s commentary:
“‘Cost of debt’ doesn’t matter until it matters!”
‘Eagles may soar, but weasels don’t get sucked into jet engines.’ Steven Wright. (1955-).
“Dollar Finished – America in Danger – Charles Nenner.”
Renowned geopolitical and financial cycle expert Charles Nenner has been warning his war cycles are going up. Nenner also predicted a few years back that, at some point, the U.S. dollar cycle would be headed down—way down. The future is here, and Nenner explains, “We have known each other for many years, and I said the dollar is going to hold up, but not anymore, not anymore. It is really in trouble. There is actually no reason to be in the dollar. They especially underestimate this BRICS situation, and all the countries will be forming an anti-dollar. . . . Saudi Arabia is coming onboard, and that means the end of the dollar as the reserve currency.”
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Bill’s commentary:
“THE biggest chart of a cup and handle I have ever seen, with the exception of silver!”
‘Why, of course, the people don’t want war. Why would some poor slob on a farm want to risk his life in a war when the best that he can get out of it is to come back to his farm in one piece? Naturally, the common people don’t want war; neither in Russia, nor in England, nor in America, nor, for that matter, in Germany.
‘That is understood, but, after all, it is the leaders of the country who determine the policy and it is always a simple matter to drag the people along, whether it is a democracy, or a fascist dictatorship, or a Parliament, or a Communist dictatorship.’ Hermann Wilhelm Göring (1893-1946).
“Ukraine War Causes Inflation & Higher Rates – Martin Armstrong.”
‘Irredeemable paper money has almost invariably proved a curse to the country employing it.’ Irving Fisher. (1867-1947).
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Bill’s commentary:
“Spend ’em while you got ’em!”
Bill’s commentary:
“No, not The Onion, nor The Babylon Bee. Actually, from a real journalist as unbelievable as it may seem!”
The Ukraine government, headed by Volodymyr Zelensky, has been using American taxpayers’ funds to pay dearly for the vitally needed diesel fuel that is keeping the Ukrainian army on the move in its war with Russia. It is unknown how much the Zelensky government is paying per gallon for the fuel, but the Pentagon was paying as much as $400 per gallon to transport gasoline from a port in Pakistan, via truck or parachute, into Afghanistan during the decades-long American war there.
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