Bill’s latest interview with Liberty and Finance
Author: Bill Holter
Bill’s commentary:
“Here is your true Global New World Order…”
Last summer, the Group of 7 (G7), a self-anointed forum of nations that view themselves as the most influential economies in the world, gathered at Schloss Elmau, near Garmisch-Partenkirchen, Germany, to hold their annual meeting. Their focus was punishing Russia through additional sanctions, further arming of Ukraine and the containment of China.
At the same time, China hosted, through video conference, a gathering of the BRICS economic forum. Comprised of Brazil, Russia, India, China and South Africa, this collection of nations relegated to the status of so-called developing economies focused on strengthening economic bonds, international economic development and how to address what they collectively deemed the counter-productive policies of the G7.
Bill’s commentary:
“Our pal J. Johnson is back with commentary on the extreme low open interest numbers on COMEX.”
Great and Wonderful Saturday Morning Folks,
Yes, I’m still gaming Silver. My focus has been Comex Silver (as Jim Sinclair said Ag is “Gold on Steroids”). Silver now has a multi-year low in Comex Open Interest that was recorded on 3/24/23 at 118,082. As a reminder; OI is both holders of the long and the short futures contract willing to keep their positions overnight. YCharts has an Open Interest chart going back to 2018, when the OI was higher when the Volumes exceeded these OI counts (hit the Max button to see) on a daily basis and for years.
Today is the lowest count I know of since at least 2015 when we discovered that hundreds of millions of dollars were spent on Silver Call options going out to July/Sept/Dec-2019 (specifically), which failed to produce a profit (we’re still wondering what the buyers were preparing for?). This was something I have never seen before in the decades I’ve watched Silver, and still to today’s date, there has been no other far out Call Option purchases in Silver.
In 1980, options on Silver and Gold were not used at the Comex. Now they are an important factor, since one can buy a strike-price with time value, in a market that has been “tamped” with CFTC permission. Imo, this is a factor that will have a much deeper meaning as we move into the fear, uncertainty, and doubt, the bankers have set up.
A possible “for instance” of a change; Comex will raise the margins on the futures contract. They can do this at any time, and will most likely will do so after a huge price spike, in order to slow further price hikes. When that is done, the value of options will probably maintain some/most of that margin increase, while many may expect the Call prices to fall hard. So, be careful.
Algo’s also create spread trades inside the options board, and inter-commodity spreads that are all part of the system we play in. As we progress in price, you may notice newer options being offered inside the Comex options board.
For instance we start like this;
$25.50
$25.75
$26.00
Then the Algo’s start doing this;
$25.50
$25.60
$25.75
$25.85
$26.00
Then this;
$25.50
$25.55
$25.60
$25.65
$25.70
$25.75
Imo, this is how the Algos start to hedge against loss, and will actually start to profit as well. All the while the OI in Silver goes lowers, like these past few weeks.
The game is on, Comex is the focused price everyone is forced to use when they buy or sell physicals. Sure, physicals are the safest place to be, EVER! But Comex is where the leverage is (one contract equals 5,000 ounces, so are the options) and you can bank on the fact the bankers will be using Comex to profit all the way up and down, like before, but this time, with the addition of options. Enjoy the show, and as always …
Stay Strong!
Jeremiah Johnson
Bill’s commentary:
“Pastor Stanley reports on Dr. Sherri Tenpenny”
I recently had the pleasure and honor to speak with Dr. Sherri Tenpenny on her podcast ‘Happy Hour With Dr. T.’. While we were there to speak about disability, Encouraging Angels and a Bible Study on John 9:1-7 another ground breaking subject was brought up by Dr. Tenpenny.
In the broadcast, I was sharing how COVID-19 and the draconian policies that surrounded this event affected Encouraging Angels and our contract to deliver music services to the disabled was terminated because I refused to take the jab. I was given an ultimatum by the Special Needs institution to take the jab/submit to regular testing or its’ contract with Encouraging Angels to deliver music services would be terminated. I refused to do either and EA lost its contract of 15 years. I basically stated to Dr. T. that I was still alive and on ‘Happy Hour with Dr. T.’-I had made the right choice.
Bill’s commentary:
“Slowly but surely ‘the truth will set you free’?”
“The Australian people were initially told that mRNA injections would stop them getting infected with Covid, would stop them spreading it, and most importantly would stop them dying from it. We were told that we were selfish if we were not willing to be vaccinated and that we could kill grandma or kill grandpa. Around 97.5% of Australians over 16 followed the government advice and have had at least one dose of mRNA injection, yet the only data that accurately identifies the vaccination status of those who got Covid showed quite clearly that the vaccinated are more likely to be infected, hospitalized, and die of Covid.”
Bills’ commentary:
“Is this one of those “everything is fine” meetings?”
Bill’s commentary:
“Bond market sees biggest decline on record in 2022! You do understand don’t you, ‘credit’, or in other words bonds …ARE the foundation the entire Western financial system stands upon? To make it simple for you, 1+1 = 2, and when credit destructs as it is now doing, the foundation you believed in crumbles …and SO DOES YOUR WAY OF LIFE!”
‘Understand this. Things are now in motion that cannot be undone.’ Gandalf the White.
Nice graphic Dismal Dave!
Bill’s commentary:
“Erik with several good points.”
Bill’s commentary:
“Are they actually saying this publicly? That the failure of just one bank would have taken the entire financial system down? If this is true, one must ask themself, how sound is the ‘system’ in reality?”
The chairman of Switzerland’s largest bank received an urgent call last week. On the other end were three top Swiss officials who delivered an ultimatum dressed up as a proposal. UBS Group AG UBS -3.09%decrease; red down pointing triangle needed to rescue its failing rival, Credit Suisse CS -5.48%decrease; red down pointing triangle Group AG.
For any country, it would be a financial emergency. For Switzerland, the stakes verged on existential. Its economic model and national identity, cultivated over centuries, were built on safeguarding the world’s wealth. It wasn’t just about a bank. Switzerland itself needed rescuing.
Bill’s commentary:
“The BRICS will set the price of gold not the west.”
Egypt has officially become a new member of the New Development Bank (NDB) created by BRICS member states (Brazil, Russia, India, China and South Africa) after completing the necessary procedures, according to an update on the composition of the bank posted on the website of the financial institution on Wednesday.
“Medical, Financial, Political & War Disasters Getting Worse” – Dr. Chris Martenson.
Dr. Chris Martenson holds a PhD in toxicology from Duke University, is a futurist and economic researcher. He is also a Wall Street Journal best-selling author with his new revised book called “Crash Course.” Martenson said in August 2021 on USAWatchdog that the FDA approval of Pfizer’s CV19 vaccine named Comirnaty was “actually a fraud.” He was right. Now, Martenson is warning that medical, financial and war troubles abound and people need to get ready to deal with a reality that no human has ever seen before. Martenson starts with the medical disaster called the CV19 vax and explains, “As you give these (CV19 injections) to people,, their immune system gets worse and worse and worse. That’s what is about to come through with common knowledge. You can see them fighting it, but people are starting to notice, hey, my friend who is quadruple jabbed is getting sick all the time now with colds, Covid, whatever. It is very clear this is the single most disastrous medical intervention in all of human history.”
Bill’s commentary:
“Richard Russell described this situation as ‘Inflate or die’!”
At the beginning of last week, everyone expected central banks to “tighten until something breaks”. By the end of the week it was clear that they’d already broken everything.
Two middling US banks imploded, European mega-bank Credit Suisse finally died a well-justified death, and “who’s next?” speculation ran wild. And just like that, the era of tight money ended.
Now the world’s monetary authorities have broadened the definition of “systemic risk” to cover pretty much anything. FDIC insurance has been extended to every bank account of any size. Credit Suisse is being bought for pennies on the dollar by rival Swiss giant UBS.
Bill’s commentary:
“If you have not seen this, it is nuts!” – Dave
“Yes it is Dave. This will all end up in the lap of the Treasury …and they do not exactly have a solid balance sheet do they?” – Bill
Jamie Dimon is the Chairman and CEO of JPMorgan Chase, the largest bank in the U.S., which is also ranked the riskiest global bank by its regulators. But instead of getting his own house in order in the midst of a banking crisis, Dimon has been peculiarly focused elsewhere.
Bill’s commentary:
“Blame everyone but yourself?
California attorney general Rob Bonta (D.) is blaming car manufacturers for the spike in car thefts that has occurred on his watch.In a letter to Hyundai and Kia, Bonta and 22 other attorneys general on Monday claimed the carmakers helped fuel a national car theft epidemic by not installing engine immobilizers to certain vehicle models. The letter notes that over the past two years, carjacking teens launched viral TikTok tutorials on how to override certain Kia and Hyundai security devices.
Bill’s commentary:
“Why are Dave’s charts always so dismal?”
‘The bank hath benefit of interest on all moneys which it creates out of nothing.’ William Paterson (1655-1794). founder of the Bank of England in 1694, then a privately owned bank.
Bill’s commentary:
“Here is the obvious, get woke and go broke!”
A suburban Chicago bakery that was targeted after announcing plans to host a family-friendly drag brunch may now close due to what the bakery’s owner described as “horrific harassment that no business should endure.”
UpRising Bakery and Cafe in Lake in the Hills said it plans to close on March 31 if it cannot make up for losses it has experienced since it became the center of controversy in July 2022.
“Closing our doors is the direct result of the horrific attacks, endless harassment, and unrelenting negative misinformation about our establishment in the last eight months,” owner Corinna Sac said in a statement.
UpRising Bakery and Cafe first made headlines last summer when the bakery scheduled a drag show brunch that was set to be for all ages. In what would eventually become part of a national trend, the bakery was quickly targeted with “hateful comments and fake negative reviews” and, later, threats of violence and vandalism.
Bill’s commentary:
“Read these charts together, they tell you a very unpleasant story…”
‘Remember: Gold never defaults.’ John Exter (1910-2006). Founder Governor of the Central Bank.
“Trump CV19 Vax Contract Violated by Pfizer – Karen Kingston.”
Karen Kingston is a biotech analyst and former Pfizer employee who understands complicated medical and biological contracts. Kingston has been doing a deep dive into the contract President Trump signed with Pfizer for their version of the CV19 vax. The contract proves Trump required Pfizer to follow the law to produce a safe and effective vaccine. The Pfizer vax was not safe or effective and violated the contract. On top of that, the Pfizer vax turned out to be a bioweapon. Pfizer says it produced 63% of the 13 billion injections worldwide.
Bill’s commentary:
“Really? I would much rather be sexist and racist …than “piggish” and smell like shit! If my child went to this professor’s school, I would demand an immediate refund…”
There was a time when cleanliness was viewed as “next to godliness.” That clearly has changed. It is now apparently next to white supremacy. While it would be impossible to discuss all of the wacky scholarship being published today, Loyola (Chicago) Professor Jenna Drenten is a standout with a new theory that “cleanliness” is a “cultural gatekeeping mechanism” with “racist,” “sexist” and “classist” roots. It turns out that the sweet spice rack that your kid brought back from shop is actually a stratified, structural vehicle for white supremacy and male dominance . . . unless you keep it messy. Otherwise, you are pushing racist, sexist “pantry porn.”
Bill’s commentary:
“WOW, here’s a real shocker! “
At the same time that Department of Justice officials were using spying and corruption statutes to aggressively pursue Donald Trump’s allies based on what turned out to be rumor and innuendo, they declined to use those same laws to investigate evidence of wrongdoing involving Biden family members and one of their corrupt Chinese business partners, DOJ documents and federal court records reveal.
In 2016-2017, the evidence shows, the FBI raided the offices and intercepted the communications of Chi Ping “Patrick” Ho, a Chinese national suspected of espionage even as he was negotiating business deals with former Vice President Joe Biden’s son Hunter and brother James.
Bill’s commentary:
“Janet Yellen pretty much admits they make up the rules as they go?”
Bill’s commentary:
“WOW, here’s a real shocker!”
At the same time that Department of Justice officials were using spying and corruption statutes to aggressively pursue Donald Trump’s allies based on what turned out to be rumor and innuendo, they declined to use those same laws to investigate evidence of wrongdoing involving Biden family members and one of their corrupt Chinese business partners, DOJ documents and federal court records reveal.
In 2016-2017, the evidence shows, the FBI raided the offices and intercepted the communications of Chi Ping “Patrick” Ho, a Chinese national suspected of espionage even as he was negotiating business deals with former Vice President Joe Biden’s son Hunter and brother James.
Bill’s commentary:
“Does she cause a mass exodus (otherwise known as a bank run) on the smaller banks? Is this the plan to consolidate all the small banks into the larger ones prior to issuance of the CBDC?”
Treasury Secretary Janet Yellen sought to reassure markets and lawmakers on Thursday that the federal government is committed to protecting U.S. bank deposits following the failure of Silicon Valley Bank and Signature Bank over the weekend.
“Our banking system remains sound and Americans can feel confident that their deposits will be there when they need them,” Yellen said in testimony before the Senate Finance Committee.
Bill’s commentary:
“Don’t believe the title!”
Bill’s commentary:
“Does she cause a mass exodus (otherwise known as a bank run) on the smaller banks? Is this the plan to consolidate all the small banks into the larger ones prior to issuance of the CBDC?”
Treasury Secretary Janet Yellen sought to reassure markets and lawmakers on Thursday that the federal government is committed to protecting U.S. bank deposits following the failure of Silicon Valley Bank and Signature Bank over the weekend.
“Our banking system remains sound and Americans can feel confident that their deposits will be there when they need them,” Yellen said.
Bill’s commentary:
“Already larger than 2008? But the party only just started?”
Banks borrowed a combined $164.8 billion from two Federal Reserve backstop facilities in the most recent week, a sign of escalated funding strains in the aftermath of Silicon Valley Bank’s failure.
U.S. Treasury Secretary Janet Yellen finds herself in a very dubious position. Under the Dodd-Frank financial reform legislation of 2010, the U.S. Treasury Secretary was given increased powers to oversee financial stability in the U.S. banking system. This increase in power came in response to the 2008 financial crisis – the worst financial collapse since the Great Depression. The legislation made the Treasury Secretary the Chair of the newly created Financial Stability Oversight Council (F-SOC), whose meetings include the heads of all of the federal agencies that supervise banks and trading on Wall Street. The legislation also required the Treasury Secretary’s authorization before the Federal Reserve could create any more of those $29 trillion emergency bailout programs for the mega banks – which had tethered themselves to casino trading on Wall Street since the repeal of the Glass-Steagall Act in 1999.
Bill’s commentary:
“WOW, this is even better than ‘a chicken in every pot’!!!”
Payments of $5 million to every eligible Black adult, the elimination of personal debt and tax burdens, guaranteed annual incomes of at least $97,000 for 250 years and homes in San Francisco for just $1 a family.
Bill’s commentary:
“Some hardcore Erik for you.”
Bill’s commentary:
“Some unbelievable charts for your perusal!”
‘Paper is poverty; it is only the ghost of money, and not money itself.’ Thomas Jefferson. (1743-1826).
Reading Aid:
Bill’s commentary:
“As a result of a failed auction, the US Treasury was forced Sunday night/Monday morning to put its own hollowed out balance sheet on the line. Maybe SVB does get sold, but one must wonder now about the Treasury itself and its pledge to back stop the entire Western world?”
US banking regulators have been placed in a challenging situation following the collapse of Silicon Valley Bank, as they are now responsible for protecting depositors and preventing further bank runs. Regulators are now facing the daunting task of attempting to auction off the failed bank for a second time, but this time have sought the assistance of an investment bank to explore potential options.
Regulators at the US Federal Deposit Insurance Corp (FDIC) tapped advisors at the investment bank Piper Sandler Companies to relaunch a failed auction of SVB, according to Reuters, citing people familiar with the matter.
Officials from the FDIC seized SVB last Friday after $42 billion of deposit withdrawals one day prior caused the bank to fail. A weekend auction of the bank to top institutions proved to be unsuccessful.
Bill’s frightful commentary:
“Hopefully you have your crash helmuts on! There is much out there and all on a collision course. The banks, the Bidens, Russia/China, vaxidents/gain of function/biolabs and more.
First, it is becoming common knowledge that if you took the vax, you made a mistake. And each booster you took was a bigger mistake …as in you killed yourself. I personally have spoken to many people who did take the vax and now have buyers remorse. The knowledge is spreading and the anger, finally, is starting to grow. There are also several lawsuits begun which will surely be followed by more. The “legal shield” seems to have some cracks in it. Do not be surprised when Russia offers proof of biolabs in Ukraine. The media may not report it but I assure you, if a tree falls in the woods where there is no one around …IT DOES MAKE SOUND!
Russia/China have been hard at work, their latest task was brokering a deal between the Saudis and Iran. Previously considered an impossible task. Please keep in mind, the Saudis have said publicly they will take payment in funds other than dollars. Kiss the petrodollar goodbye. Also, it has been reported that The Kremlin has publicly thanked the US for cutting them off from SWIFT, as they now do not need to worry about US banks.
The banks; the entire US banking system has been downgraded, let that sink in! The SVB “auction” over the weekend looks like it failed. I have heard two reports that there were no bidders, and another where there was only one. No difference, the same thing. I believe this to be true as the Treasury announced Monday morning they would backstop the entire system. Think about this for a moment. The US Treasury, sitting with (on books only) of $31 trillion or 125% of GDP and must borrow over $1 trillion per year just to keep the doors open …will backstop $17 trillion in deposits. Do you see how bad this is? A bankrupt entity is guaranteeing your savings in entities that would already have collapsed were it not for the Treasury declaration. In no way can the Treasury backstop anything …and to add some humor, they are already up against the debt ceiling …whatever that is? Basically, a shitfaced drunk trying to hold up another drunk, quite a sight to see!
Lastly “the Biden’s”. We have all known about the grift and theft but now it’s getting serious. Apparently there are 150 “suspicious activity” reports filed (ignored) until now. Do they choose now to release them to add to the above party favors? Do they release them now to create even more havoc? Do they let a cackling hyena captain the USS Titanic to her final demise?
It does look to me like much of this is coordinated. If not, quite the coincidence but truly ugly if you live in the Western world, particularly the US. Get ready for your world to change drastically …and certainly not in any good way at all!”
Standing watch,
Bill Holter
BillHolter.com 