Texas Silver interview part 3
Author: kbillholter
Bills’ Commentary:
“Happy Birthday to Erik! His first article as an octogenarian.”
Texas Silver interview part 3 (Also posted under Interviews)
Bill’s Commentary:
“SHOWTIME has finally arrived folks!”
China’s Media Recommends Buying Silver and Silver Starts to Surge on Open of Shanghai’s SGE Exchange
This innocuous tweet, if correct, gives an interesting insight into a potential sea-change in the Chinese silver market.
The Chinese media (i.e. the Chinese Communist government) encouraging its 1.5 billion citizens to buy silver in lieu of gold can have a potentially very material impact on the global silver market.
Bill part 2 interview with Texas Silver (Also posted under Interviews)
Bill part 2 interview with Texas Silver
Bill’s Commentary:
“A couple of observations; first, the silver futures market is far larger than the physical market. The true financial “leverage” has been to the short side which means whenever the real short squeeze arrives, it will make cocoa look like a calm day! Additionally, it looks like a billion+ paper ounces were needed yesterday to cap the price, or roughly a year’s worth of global production traded in one day.”
Is Silver About To Do A Cocoa?
Silver prices have rocketed higher in recent days, and they have been surging today (with great volatility). As a futures market, more of it trades on exchange relative to its annual physical supply compared to cocoa. Therefore it’s not inconceivable silver could deliver a similar sort of move to cocoa’s recent mega-rally.
Bill’s Commentary:
“The Dollar is losing reserve currency status. Have you thought thru thoroughly what this will mean to your monthly budget? Hint; your Starbucks coffee might soon cost you s “C note” in dollars but a mere silver dime in real money!”
IMF Prepares Financial Revolution – Say GOODBYE to the Dollar
Global reserve currency status allows for amazing latitude in terms of monetary policy.
The Treasury Department understands that there is constant demand for dollars overseas as a means to more easily import and export goods. The petrodollar monopoly made the U.S. dollar essential for trading oil globally for decades.
This means that the central bank of the U.S. has been able to create fiat currency from thin air to a far higher degree than any other central bank on the planet while avoiding the immediate effects of hyperinflation.
Bill’s Commentary:
“Rocket scientists driving the bus!”
Labor group demands California’s $20 minimum wage for fast food workers extend to all sectors | Fox Business
A fair wage advocacy group is demanding that California’s new $20 minimum wage law for fast food workers be extended to all sectors to help working-class people who are struggling with the state’s high cost of living.
FOX Business spoke with Saru Jayaraman, president of One Fair Wage to discuss what she described as the skyrocketing levels of home insecurity and food insecurity post-pandemic.
Fast food workers winning a $20 minimum wage, she said, “was just the beginning.”
Jayaraman pointed to the exorbitantly high cost of living in the Golden State where, in some counties, an individual would need a $40 an hour salary to live comfortably.
Bill is interviewed by Texas Silver (Also posted under Interviews)
Bill is interviewed by Texas Silver
Bill’s Commentary:
“As I posted yesterday, the Fed is both woke AND BROKE!”
The Black Swan Rears Its Head: The Fed Has Negative Capital Using GAAP Accounting
The Fed’s unprecedented experiments with years of ZIRP (Zero Interest Rate Policy) and QE (Quantitative Easing), where it bought up trillions of dollars of low-yielding U.S. Treasuries and agency Mortgage-Backed Securities (MBS) and quietly parked them on its balance sheet, are now posing a threat to the Fed’s flexibility in conducting monetary policy. (Since 2008, the Fed’s concept of conducting monetary policy has come to enshrine serial Wall Street mega bank bailouts as a regular part of its monetary policy. Large and growing cash losses at the Fed may seriously crimp such future bailouts.)
Read more here…https://wallstreetonparade.com/2024/04/the-black-swan-rears-its-head-the-fed-has-negative-capital-using-gaap-accounting/
Bill’s Commentary:
“So basically they just make this shit up? Like pretty much everything else?”
Hidden Behind Climate Policies, Data From Nonexistent Temperature Stations
The National Oceanic and Atmospheric Administration (NOAA) predicts July, August, and September will be hotter than usual. And for those who view warmer temperatures as problematic, that’s a significant cause for concern.
“Earth’s issuing a distress call,” said United Nations secretary-general António Guterres on March 19. “The latest State of the Global Climate report shows a planet on the brink.
“Fossil fuel pollution is sending climate chaos off the charts. Sirens are blaring across all major indicators: Last year saw record heat, record sea levels, and record ocean surface temperatures. … Some records aren’t just chart-topping, they’re chart-busting.”
Bill’s Commentary:
“So, I guess this makes The Fed both woke and broke? Remember, they are the ones who “issue” the currency. How often are you willing to do business with someone who has these two traits? Got gold?”
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