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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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Bill’s commentary:
I do not post from being “right or left”. I do not even know if it is fully verified? I only post because if true, it is EXTREMELY dollar negative. Anything dollar negative is obviously (to those who understand) gold positive. Gold, silver, and mining shares are now breaking out to the upside. A hugely dollar negative event such as this will be a huge tailwind that finally breaks the grip of derivatives on metals pricing. Come hell or high water, the math is already locked and loaded for metal’s pricing far beyond what anyone has predicted or can even imagine…
Read more…
Commentary:
“The petro dollar is dead as is Israel.” – Dave
Yes Dave, it has been “dead” for a while but only now is it obvious to all!” – Bill
The announcement followed a breakthrough visit by Syrian Foreign Minister Faisal Mekdad to the kingdom, the first since Saudi Arabia cut off diplomatic relations with Syria in 2012.
A joint statement said that the two sides held a session of talks, discussing efforts to find a political solution to the Syrian crisis that preserves Syria’s unity, security, stability, Arab identity, and territorial integrity while also serving the interests of its people.
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Bill’s commentary:
“You do understand just how significant this is …right?”
China is threatening an export ban on rare earth metals in response to Washington’s recent decision to impose restrictions on exports of high-end semiconductors to Beijing. This is not the first time that China has mooted such a ban, with rumours circulating since at least 2019 as well as formal threats in 2021.
Bill’s commentary:
“Inventor of Completely Untraceable Communication – Tanner Haas”
These days, privacy with your smart phone is virtually non-existent. Everybody knows Big Tech spies on us, but did you know virtually every piece of information about you is sucked up and sold off? “Even your address book and full contact list” is taken off your phone by some social media sites. Tanner Haas invented a new app that he calls “the future of privacy,” and it cuts the spying and data harvesting off completely. It’s called Converso, and as the slogan says, it is “Completely Untraceable Communication.” Haas says, “It gives you the piece of mind that everything you say is between you and the intended recipient. . . . If we are talking, the conversation is only on your phone and my phone. I can also ‘Unsend a Message.’ This means if I ‘Unsend a Message,’ it is off your phone, it was never on a server and it is gone forever.”
Bill’s commentary:
“This what true journalism “was” back in 1977. Have you seen his latest writings and positions? It has been a long and ugly slide, unfortunately straight toward hell!”
In 1953, Joseph Alsop, then one of America’s leading syndicated columnists, went to the Philippines to cover an election. He did not go because he was asked to do so by his syndicate. He did not go because he was asked to do so by the newspapers that printed his column. He went at the request of the CIA.
Bill’s commentary:
““Global Monetary Experiment Ends in a Bloodbath.”
Analyst and financial writer John Rubino said in February, “We are in a debt and death spiral” that will force dramatic changes on the world. It was a direct hit because in March, Silicon Valley Bank (SVB) tanked, and the FDIC and the U.S. Treasury were forced to basically back-stop the entire banking system.
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Bill’s commentary:
“This is too funny not to post!”
First they came for the communists,
and I didn’t speak out because I wasn’t a communist.Then they came for the trade unionists,
and I didn’t speak out because I wasn’t a trade unionist.Then they came for the Jews,
and I didn’t speak out because I wasn’t a Jew.Then they came for me
and there was no one left to speak out for me.Martin Niemoller
Bill’s commentary:
“Do you own commercial real estate?”
Over the weekend we reported that the credit crunch had entered the crash phase when we showed that in the last two weeks of April, a record $105 billion in commercial bank loans and leases were either sold, discharged or otherwise transferred from bank balance sheets…
Bill’s commentary:
“More ugly from Dave down under…”
‘The years teach much which the days never knew.’ Ralph Waldo Emerson. (1803-1882).
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Bill’s commentary:
“Do you still ask how the German people of the 1930’s so easily let allowed the Nazi takeover? Read Erik’s latest, that’s how!”
Bill’s commentary:
“We have tried to tell you many times, it will be a credit event!”
Almost $1.5 trillion of US commercial real estate debt comes due for repayment before the end of 2025. The big question facing those borrowers is who’s going to lend to them?
Bill’s commentary:
” Texas to use “God’s money”? Maybe this is why God blessed Texas!”
Bills introduced in the Texas House and Senate would create a state-issued, gold-backed digital currency.
Enactment of this legislation would create an option for people to transact business in sound money, set the stage to undermine the Federal Reserve’s monopoly on money and create a viable alternative to a central bank digital currency (CBDC).
Bill’s commentary:
“Do you still believe the dollar is King? If so, you will very soon be disillusioned!”
As the United States combats a recent flood of countries ‘de-dollarizing’ – trading commodities in other currencies, the last thing that was needed was French President Emanuel Macron amplifying this message.
Bill’s commentary:
“Possible? I would say even probable. But only backing currency by ratio and not convertible because then …everyone would convert.”
The price of gold is once again testing its all-time highs as both individuals and institutions flee the chaos of our times toward safety. What John Maynard Keynes decried as the “barbarous relic” just keeps coming back. The worse government policies become, and the more deranged and dysfunctional the Federal Reserve is revealed to be, the more people are turning to time-tested monetary truth.
Bill’s commentary:
“And you do remember that the entire system runs only when credit continues to expand? Systemic credit contraction is the Fed’s worst nightmare…!”
US bank lending contracted by the most on record in the last two weeks of March, indicating a tightening of credit conditions in the wake of several high-profile bank collapses that risks damaging the economy.
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Bill’s commentary:
“Is this for optics? Or is it a bigger division between East and West? If so, does anyone remember the phrase “he who owns the gold makes the rules”?”
China’s lack of transparency over Covid’s origin is ‘simply inexcusable’, the World Health Organization sensationally claimed today. Beijing-affiliated researchers have only just publicly shared crucial samples taken from inside Wuhan’s ‘ground zero’ — three years after the pandemic began. In a rare, blistering attack on Xi Jinping‘s communist regime, a senior WHO official fumed that this data ‘should have been shared immediately’.
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