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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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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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