“Will he be allowed to speak at his own trial? Or, will he even still be alive when the court date comes around? The world would be a much better place if we all had this man’s conscience!”
Barry Young, 56, is charged with accessing a computer system for dishonest purposes. He didn’t enter a plea when he appeared in the Wellington District Court today.
He was arrested yesterday after the health ministry laid a complaint with police following the alleged “unauthorized disclosure and misuse of data by one of its staff members”, chief executive Margie Apa said.
“Well, that did not take long, less than 24 hours! He will be branded a terrorist for trying to alert and save humanity? Where is Jacinda?”
Breaking News -New Zealand Reporter, Liz Gunn, reports that the whistleblower exposing the catastrophic deaths caused by the COVID-19 injection in New Zealand (120 or more deaths per day since the COVID-19 injection rollouts) has been raided by the police, as has one of his colleagues.
“Dismal Dave is having a tough time of it currently. We wish him the best and give our heartfelt thanks to all the graphic wisdom he has provided us over the last many years! Stay frosty my friend!”
‘As I hurtled through space, one thought kept crossing my mind; every part of this rocket was supplied by the lowest bidder.’ John Glenn.
Bill’s commentary:
“Erik talks about “gold” breaking out at the end. Jim Sinclair always said that gold would be gobbled up by the corrupt because if they did not, they would be holding worthless currency. Is this what we are now seeing?”
Bill’s commentary:
“Whitney Webb is a true digger for the truth and about the best of the best forensically. I suggest you watch this as it is truly scary and most likely the planned roadmap.”
Bill’s commentary:
“There is a special place in hell for these elites who forced and mandated these russian roulette jabs. Anyone still wonder why Jacinda stepped down?”
The World Council for Health has been informed of the courageous revelations of a New Zealand individual who has been the main analyst for New Zealand government data on their vaccine rollout programme.
This data and the interview with the whistleblower has been revealed today on the website of the New Zealand Loyal party, headed up by lawyer and journalist Liz Gunn. It reminds us at the WCH why we have engaged to bring health information with integrity to the people of the world.
“Who cares as long as the stock market is up …right?”
Total outstanding loans in the Federal Reserve’s bank bailout program jumped by just over $5 billion in November.
There was a sudden spike in banks tapping into the bailout program during the first week of the month with financial institutions borrowing $3.87 billion from the Bank Term Funding Program (BTFP). There was another surge in borrowing between Nov. 15 and Nov. 22, according to Fed data.
As of Nov. 22, there was $114.1 billion in outstanding loans in the BTFP bank bailout program.
“If this is true, and I believe it is pretty close, what does it men for the loser of hegemon and thus it’s currency?”
The Eviction Notice is being written. And it will come in four languages. Russian. Farsi. Mandarin. And last but not least, English.
A much-cherished pleasure of professional writing is to always be enriched by informed readers. This “eviction” insight – worth a thousand geopolitical treatises – was offered by one of my sharpest readers commenting on a column.
Concisely, what we have here expresses a deeply felt consensus across the spectrum not only in West Asia but also in most latitudes across the Global South/Global Majority.
“This is very interesting! Maybe we will get a glimpse or preview to events for when the Fed is finally abolished? Though, abolishing the Fed will be 1,000 times more chaotic …”
President-elect Milei to close the Argentine central bank. “It’s not negotiable.” See the official release and translation below.
PRESS RELEASE
Buenos Aires City, November 24, 2023 –
“…On the other hand, in the face of false rumors spread, we wish to clarify that the closure of the Central Bank of the Argentine Republic (BCRA) is not a negotiable issue.”
We don’t negotiate with terrorists!!!
Give them nothing!
Bill’s commentary:
“This is very sad, but also very true!”
#1 Banks by Statute are not required to hold any of your money in the bank. This is what is called the recently passed 0% reserve requirement.
Yes, the reserve requirement in the United States has been reduced to zero percent. The Federal Reserve announced on March 15, 2020, that reserve requirement ratios would be set to 0%, effective March 26, 2020, eliminating reserve requirements for all depository institutions[1][2][3]. This action was taken in response to the COVID-19 pandemic to jump-start the economy by allowing banks to use additional liquidity to lend[2]. As a result, depository institutions are no longer required to maintain deposits in a Reserve Bank account to satisfy reserve requirements[4]. This change has been in effect since March 26, 2020, and there are currently no plans to reinstate the reserve requirement[4].
The reserve requirement for banks, also known as the reserve ratio, is the minimum amount of funds that banks must hold in reserves. Before March 2020, the U.S. central bank, the Federal Reserve, required banks to have a percentage of funds tied up in reserves. The percentage was 3% or 10% of money held in transaction accounts, such as checking accounts, and the percentage depended on a bank’s size. However, in March 2020, the Fed lowered the reserve requirement ratio to 0%, meaning there is no longer a reserve requirement for banks.
This change was made to stimulate the economy, and the 0% reserve ratio has remained in place since late March 2020
Remember, By Law Banks are held to the High Bar of Having a 0% reserve requirement meaning that if you put 1,000.00 in the bank you just made a $1000 unsecured loan to the bank.
#2 – 2023 Bank Failure Watch here in USA
As of today there have been 5 bank failures in 2023 that have been put into FDIC receivership.
These failures include : 1. First Republic Bank, San Francisco, CA 2. Silicon Valley Bank, Santa Clara, CA 3. Heartland Tri-State Bank, Elkhart, KS 4. Citizens Bank, Sac City, IA 5. Signature Bank, New York, NY
The total assets of these failed banks in 2023 amount to billions of dollars
The FDIC has taken various measures to protect depositors, such as entering into purchase and assumption agreements with other banks to assume the deposits and assets of the failed banks.
But look at the table below where you can plainly see The FDIC has less than 1% of deposits in their fund.
#3 When you make a Deposit in the Bank it is no longer your money but you are making an unsecured loan to the bank
Exploring Banking Realities: Rethinking the Notion of Deposits as Unsecured Loans
In the realm of banking, the commonly held belief portrays these financial institutions as deposit-taking entities, entrusted with safeguarding funds and facilitating loans. However You are not making a Deposit. By Law you are handing the bank an unsecured loan and they have no legal responsibility to keep any of your money in reserves. ZERO
In the extensive 5,000-year history of banking, studies have been conducted to substantiate the prevailing perception that banks function as deposit-taking institutions while also engaging in lending activities. However, a closer examination of the legal framework reveals a striking contrast to this common belief. The legal reality challenges the notion that banks take deposits and lend money, asserting that they do neither.
The term “deposit,” traditionally associated with a secure placement of funds within a bank, is debunked by legal intricacies. Contrary to the conventional understanding, a deposit is not a bailment and is not held in custody at law.
Legal authorities, including courts and various judgments, unequivocally declare that when individuals provide money to a bank under the label of a deposit, it essentially constitutes a loan to the bank. This legal perspective renders the term “deposit” devoid of substantive meaning.
Deposit Clarification: The term “deposit” is deemed meaningless in legal terms. Courts and judgments emphasize that money given to a bank is essentially a loan.
Deposit as Record of Debt: What is commonly called a “deposit” is revealed to be the bank’s record of debt to the public, challenging traditional understanding.
explained by Professor Richard Werner who is blacklisted by The Parasitic Class
#4 Smoke and Mirrors. Banks are Insolvent. FDIC Receivership is a SCAM. Here’s Why?
Look at the graphic below.
It shows total deposits in typical US commercial banks at $17.34 Trillion.
Yet there is only $128 Billion in the FDIC Fund.
This means US government and banking deposits are insolvent because funds in FDIC cover .74% of our collective deposits. That’s far less than 1%
Given the simple math (ratio), this means if you have $1,000 in the bank, all of it is wiped out, but you may be able to recover $7.41 out of your $1,000
Math formula below
#5 – Japan, Euro and USA Banks on Brink of Collapse
UBS circling the drain
HSBS insolvent
Credit Suisse on the Brink of Collapse
Dominoes falling in Japan, Europe, USA
Today on Reuters
Bill’s commentary:
“Our pal Pastor Stanley has written a short book that you can give to those who do not understand that ‘fiat’ is ultimately worthless. This could be a very inexpensive Christmas gift to those you love but think you are nuts? I believe it is basic enough that even the most moronic will understand. I hope his book gains traction!”
Bill:
Please find below the ‘Book Overview’, the cover and the Amazon link of the book for posting on your site. This is very kind of you to consider sharing with with your readers. It’s a short read of about ten minutes and $2.99 on Amazon my hope is that it will wake up those who are sleeping before it’s too late (bad rumblings with UBS yesterday/this morning). Also, people can send this as a gift to as many people as they like by clicking the ‘Buy for Others’ button on the product page.
Thanks and God bless,
Stan S
Book Overview
The Cautionary Tale of the Golden Bones by Stanley Szymanski is a modern fable which was written to warn savers and investors of the dangers of fiat (‘by decree’) currency and to laud the freedom and relative security of real money.
The Cautionary Tale of the Golden Bones uses the fanciful universe of Doglandia to spin a folksy narrative of a financial situation right out of current world geopolitics but explains it in the adversarial relationships between dogs and cats.
Plentifully purposed profitable puns litter the landscape of The Cautionary Tale of the Golden Bones to impress the real meaning of what is being said to the reader.
This short, inexpensive and profound parable is perfect for gaining understanding of real money and for sharing with those you care about so that they don’t become victims of having all their bones in fiat! (This is not financial advice.)
People are often confused by the movement of stocks, and what propels them. It’s all illusory.
We often hear earnings are weakening, people tapped out according to retailers, and forecasts by companies are being downgraded. Yet stocks keep rising. Why, many ask?
One only has to look at high inflationary countries to come to an understanding.
Take Argentina.
Their stock market, the Merval, rose from 20,000 to over 60,000 in the past year. 200%. But it’s all an illusion. Not all profit for investors.
That’s because inflation is expected to come in at 185% this year.
All their market is doing is keeping up with inflation, all things being equal.
Could this be the reason U.S. stocks are climbing, and not dropping on recessionary fears? I believe so.
Should the dollar embark on a massive downtrend, and it’s highly probable, it will boost inflation, and any resulting rise in stock profits will be neutralized. Same as Argentina.
Of course, precious metals will be the safe harbor. A silver dime will still buy you a gallon of gas, no matter what the price. Just as it did 3/4 century ago.
Respectfully yours,
Wolfgang
PS: Thank you for keeping up this site. It’s truly one of the few I can go to for the truth.
Bill’s commentary:
“We posted David Rogers Webb’s book “The Great Taking” several months back. For those who did not take the time to read it in full, here is a well done synopsis for you. This is NOT speculation as the laws are already on the books to LEGALLY take everything you have within the system from you. Please, take measures to protect yourselves!”
THE “GREAT TAKING” AND HOW YOU WILL REALLY OWN NOTHING
As of Nov 2022, the full list of G-SIBs (globally systemically important banks) is “officially” defined as: JP Morgan Chase; Bank of America; Citigroup; HSBC; Bank of China; Barclays; BNP Paribas; Deutsche Bank; Goldman Sachs; Industrial and Commercial Bank of China; Mitsubishi UFJ FG; Agricultural Bank of China; Bank of New York Mellon; China Construction Bank; Credit Suisse; Groupe BPCE; Groupe Crédit Agricole; ING; Mizuho FG; Morgan Stanley; Royal Bank of Canada; Santander; Société Générale; Standard Chartered; State Street; Sumitomo Mitsui FG; Toronto Dominion; UBS; UniCredit; Wells Fargo;
These G-SIBs are the “real enemy”. The whole “legal” framework is already in place whereby the G-SIBs have “legal” recourse to take all your investments in brokerage accounts, since these investments are not as protected as you may have assumed (even crypto coins held in brokerage accounts may be in danger);
Securities used to be considered property, but now they are “legally” viewed as “Security Entitlements”;
The GREAT TAKING has precedence. In 1933, the Federal Reserve held a “bank holiday” after which only Fed-approved banks got reopened but no independents. Meanwhile, the US Regime confiscated gold from US citizens. The Great Taking is likely imminent. It will not be country-specific but will take place worldwide;
Today’s WORLD SYSTEM is centered on the Bank for International Settlements in Basel-Switzerland, and it is ultimately the collection of all central banks and the owners of those central banks. Unfortunately, says Webb, the owners are largely kept secret so the first step is to ascertain exactly who these owners are. Even the “usual suspects”, such as Rothschilds and Rockefellers, may be fronts for other “real” owners;
Webb says that the G-SIBs will prosecute an ENORMOUS ASSET CONFISCATION for this WORLD FIN-SYSTEM, by which everything will be taken from formerly-free individuals, such as YOU. Webb says that the WORLD SYSTEM may well soon take all the “deposits” you have in any bank, all of your investments, anything that you own with credit, and that this is all “legal and above board” under the “law” (now in place);
The WORLD SYSTEM will go after any asset that you THINK is yours but has debt attached to it, or any asset that you have in the stock market, or in real estate, or in pension schemes, the bond market, or ETFs;
Webb says that today is MUCH DIFFERENT from 1933 because, nowadays, the whole world has been “harmonized” and, also, most assets are “financialized”, such that most folks are somehow “in the market”, although often unwittingly so. Furthermore, most assets have been “dematerialized”, meaning that they only exist electronically on a computer, and that even stock certificates no longer exist physically on paper;
Webb says that not even segregated accounts have any protection anymore under the “law”;
Webb says that the “Derivatives Time Bomb” was probably built deliberately, as a subterfuge to serve as the trigger to confiscate the assets of most people in the world. In order to cover the alleged “losses” arising from the “Derivatives Time Bomb”, the G-SIBs are now permitted by “law” to seize all your investments to cover any losses incurred by them, the same G-SIBs, arising from that intentional “Derivatives Time Bomb”;
Webb says that the WORLD SYSTEM might even confiscate any gold or silver held outside the system, so it is very important to buy bullion anonymously and to keep it out of sight;
Webb acknowledges current inflationary and hyperinflationary tendencies, but he feels that a huge deflation will come that will dwarf the Great Depression of 1929-54 [which was of course yet another fake “crisis” that the “Illuminati” created artificially]. Effectively the WORLD SYSTEM does not want you in a position where you can sell your own assets so that you can get back on your feet. Thus, in order to enslave you more effectively, they will favor an EXCEEDINGLY DEFLATIONARY ENVIRONMENT for at least two decades;
Webb thinks that even very wealthy people who have their assets in the G-SIBs (which are supposedly TBTF) are going to be robbed by way of the pre-designed subterfuge called the “Derivatives Time Bomb”;
Webb thinks that only those who are MEMBERS OF “THE CLUB” will be saved, including the owners of the G-SIBs, the owners of the central banks, the big funds like BlackRock, and so-called Systemically Important Financial Market Utilities (SIFMUs) which are the clearinghouses for derivatives, as well as some others;
The WORLD SYSTEM will “legally” take your whole house if it has any tiny mortgage whatsoever, so you should try and pay back and remove every single, even small, mortgage in time;
Webb does not know when all this might take place, and concedes that the WORLD SYSTEM can keep the “Everything Bubble” going for much longer before pulling the plug, or else it can pull the plug tomorrow;
The DTCC was set up by members of the Central Lack-Of-Intelligence Agency (CIA) and has sole “legal” ownership of 99 percent of all the securities in the USA, which it registers in the name of “Cede & Co”;
This “legal” framework, that got cemented in place worldwide after 2008, was effectively a communist coup d’état because it abolished most property rights. Hence, we are already living in world communism today;
Do not blithely assume that, just because the central banksters turned on the money spigots in the past that they will do the exact same thing in the future. It is even possible that the central banksters might commit yet another deliberate “blunder” by continuing to increase rates even in the face of a deflationary collapse. The WORLD SYSTEM can grab any instrument types listed here: https://www.bis.org/cpmi/publ/d20r3.pdf;
The skill and subterfuge of this new “legal” framework will mean that you may even lose your entire house due to a tiny residual mortgage (although no one knows), and that the new owner might become, say, the BlackRock Real Estate Fund that might then agree to lease it back to you out of the “kindness” of its heart;
Note: In reality, BlackRock and Vanguard do not own a single stock or bond. Instead, they have custody over the “Security Entitlements” of all the Goyim “Livestock” on Earth. What an “amazing” “coincidence”!
SOME FACTS BEHIND THE WEF BOAST “2030 OWN NOTHING AND BE HAPPY”
Webb asks “How might it come to pass that you will OWN NOTHING, as so boldly predicted by the WEF?” but he has already answered that question. Webb showed exactly how the Talmudists intend to achieve this.
Webb lists the following “key facts” regarding the new “legal” framework that the WORLD SYSTEM set up:
Ownership of securities as property has been replaced by a new “legal” concept of a “security entitlement”, which is a contractual claim assuring a very weak position if the account-provider becomes insolvent;
All securities are held in un-segregated, pooled form. Securities used as collateral, and those restricted from such use, are held in the same pool;
All account-holders, including those who have prohibited use of their securities as collateral, must, by law, receive only a pro-rata share of residual assets;
“Re-vindication”, i.e. taking back one’s own securities in the event of insolvency, is absolutely prohibited;
Account-providers may “legally” borrow pooled securities to collateralize proprietary trading and financing;
“Safe Harbor” assures secured creditors priority-claim to pooled securities ahead of account-holders;
The absolute priority-claim of secured creditors to pooled client securities has been upheld by the courts.
THAT MEANS:
By “law”, the concept of “your stocks” no longer even exists anymore today. You cannot sue to “reacquire” what you THOUGHT was your property because the “legal” framework already succeeded in making it NOT YOURS to begin with. When the system goes, the elite seek to ensure that they are safe but at your expense.
The account-provider has already borrowed against your shares.
These “laws” have ALREADY been fought out in “law”-courts, but this “legal” framework already won all cases.
It took several decades to establish this “legal” framework and to install it in every nation and every trade bloc.
This is likely the expropriation and confiscation decreed by the Talmud in favor of your new Talmudic owners.
This is the “Own Nothing Be Happy”, that the Talmudists enslaving you already notified you would soon be here.
Furthermore, all major economic blocs (US, EU, GB, JP, CH) already confirmed that these “legal” rules apply pretty-much everywhere because the Talmudists really mean business in expropriating most Goyim “Livestock”.
Webb adds:
“It is now assured that in the implosion of ‘The Everything Bubble’, collateral will be swept up on a vast scale. The plumbing to do this is in place. Legal certainty has been established that the collateral can be taken immediately and without judicial review, by entities described in court documents as ‘the protected class’ [Webb estimates that this ‘protected class’ comprises perhaps the 0.01 percent of the total population]. Even sophisticated professional investors, who were assured that their securities are “segregated”, will not be protected”.
So BE HAPPY, because the only thing you will OWN (nothing) will be a claim against your now-bankrupt broker. The “new” owners will be those who own the G-SIBs, the central banks, and everything beyond.
CONCLUSION
It APPEARS that the top Talmudists have successfully set up a “legal” framework to confiscate most assets from most Goyim “Livestock”, but no one knows whether this will happen, or when. Financial experts expect the central-banksters to keep printing money (“until they run out of zeroes”). But that would be damaging because it would lead ultimately to COLLAPSE BY HYPERINFLATION.
But if the central-banksters keep up their current nasty behavior, as they also did when they engineered the Great Depression of 1929-54, then that second possible outcome would be COLLAPSE BY DEFLATION.
Either way, and most unfortunately, some form of collapse appears to be imminent.
Do you really trust the central-banksters to do the right thing by you?
And bear in bind how obedience may well come with poverty or hunger.
MORE DETAILS IN THREE PARTS FROM BRITISH YT CHANNEL “PARALLEL SYSTEMS” HERE:
20-minute interview with David Rogers Webb, author of “THE GREAT TAKING”, here:
Bill’s commentary:
“Some very serious words, can anyone disagree with her? This is a must watch!”
Bill’s commentary:
“A more chilled out Erik?”
Bill’s commentary:
“And we are only in the early innings, the negative doom loop of cascading defaults is only now just forming …”
A lender has foreclosed on an Addison office tower.
The eight-story One Hanover Park building is on the Dallas North Tollway north of Keller Springs Road. The 195,894-square-foot property, built in 1998, has been owned by a Houston-based investor since 2014.
“I guess it can be summed up this way; those who are vaxxed, absolutely do NOT want to know the answer!”
It’s been four months since I sent out a warning on Twitter about the hidden iceberg that America has hit — the iceberg that’s called Operation Warp Speed.
“Very sad that sanity has been trashed. I guess the question is this, can the world find the mind it lost …in time, or do we go down the drain in demented fashion? “
It’s been a continuing mystery for three years, at least to me but many others too. In October 2020, in the midst of a genuine crisis, three scientists made a very short statement of highly public health wisdom, a summary of what everyone in the profession, apart from a few oddballs, believed only a year earlier. The astonishing frenzy of denunciation following that document’s release was on a level I’ve never seen before, reaching to the highest levels of government and flowing through the whole of media and tech. It was mind-boggling.
“Guns don’t kill people, people kill people! Next time your Liberal ‘acquaintance’ starts spouting bullshit regarding guns, you might want to show them these statistics?”
Where does your state rank in gun ownership? We analyzed all 50 states, gun ownership rates, and ownership percentages to bring you this article. Of course, we’ve also included the answers to some of your most burning questions about gun control, ownership, and crime.
“I believe he is saying what many of us feel deep down in our guts!”
I am 94 years old and like many of you, I am exhausted by politics and saddened by what I see happening to America. I had hoped it was time for me to move to the sidelines and let younger generations continue the fight to preserve America’s founding freedoms and values. But, like so many of us, I realized that I could not let myself walk away; the stakes are just too high.
“An excellent interview re the situation in Israel. This is not “opinion” on who is right and who is wrong, it is about ramifications and potential outcomes. Well worth your time to watch!”
Bill’s commentary:
“Have you ever wondered what your ‘net worth’ and more importantly your ability to survive will be should an aircraft carrier get smoked? As the late Jim Sinclair always said, if you can’t catch it you can’t kill it. I would simply ask, who has hypersonic weapons and who does not …?”
Powerful Russian anti-ship missiles acquired by Hezbollah give it the means to deliver on its leader’s veiled threat against U.S. warships and underline the grave risks of any regional war, sources familiar with the group’s arsenal say.
“This would be Friday humor but it is not, and a reason not to send your kids to college. Does this asshole suggest hiring a legion of Dr. Doolittles to make sure it is ‘consensual’?”
On Wednesday, a professor at Princeton University tweeted that he considered the idea of humans having sex with animals to be “thought-provoking.”
According to the Daily Caller, Peter Singer is a bioethics professor at Princeton’s University Center for Human Values. He also describes himself as an animal rights activist, having written such books as “Why Vegan? Eating Ethically,” and “Animal Liberation Now.”
Executives at the largest insurance companies in the United States are alarmed that teenagers, young and white-collar Americans in the prime of life are inexplicably dying at a record pace, causing a “monumental outflow” of death claims and drag on profits that is shaking the industry and causing some to take a fresh look at the problem.
According to an Oct. 26 report in InsuranceNewsNet, U.S. insurance companies expected higher-than-normal payouts from excess deaths during the COVID-19 pandemic.
Read more…
Bill’s commentary:
“Is this what happens when your “credit card” is cancelled?”
With war funding for both Ukraine and Israel now seemingly snarled up beyond repair in Congress, on Thursday the Pentagon said that funding delays have forced the US to begin restricting the flow of military assistance to Ukraine, and the Pentagon has only $1 billion left to replenish stocks of weapons that were sent to the country, according to a spokeswoman.
“We have had to meter out our support for Ukraine,” Deputy Pentagon spokeswoman Sabrina Singh told reporters. “We’re going to continue to roll out packages but they are getting smaller.”
“Say it isn’t so? I am crushed, Grandpa was front running trades? Why? Did he not already make enough money in his lifetime? If I was not already totally disappointed in humanity, this is icing on that cake… maybe it’s only fake news?”
Bill’s commentary:
“The answer to this is very simple. When the common man (globally) understands that dollars are issued by an insolvent entity, untold trillion$ will be lost worldwide. The end.”
Financial statements of the US Federal Reserve, which consists of the board of governors in Washington and twelve district reserve banks across the country, indicate that the consolidated system has generated both capital and operating losses for the past couple of years. The Fed was created in 1913 to issue and circulate an “elastic currency” that could respond to consumers’ demand for cash, end bank runs known then as “money panics,” and serve as a “lender of last resort” to the nation’s commercial banks. How is it possible that the Fed could be losing money after one hundred years of operation?
“Already worse than 2008 …and no tools to fix anything this time around? Make sure your seatbelts are securely fastened!”
Yesterday, the regulator of the Federal Home Loan Bank system, the Federal Housing Finance Agency (FHFA), released a report on its recommended changes going forward. The report was in response to the questionable conduct of the Federal Home Loan Banks in the leadup to the banking crisis this past spring.
“As I have written several times, Israel/Hamas is another divisive subject just as left/right, gay/straight, black/white etc. Everyone has their own opinion on each and every topic which means the odds of meeting your own “mental clone” on all topics is nearly impossible. I feel Erik’s frustration in losing subscribers. We lost 30% of our subscribers after the 2016 election because we believed Trump was a better choice than Hillary from every perspective we looked at. We, I, learned a valuable lesson back then. When a topic is so divisive (as is Israel/Hamas), it is better to lay out possible financial outcomes to the variable circumstances. Everyone has an “opinion” …but they are just that, OPINIONS. What matters in my opinion, is how various outcomes affect readers personally (and financially). For example, what happens to the global financial system should Israel win or lose? How about the dollar and reputation of the US? Yes it is a shame that innocents are being killed, but no one can save them by choosing sides and offering opinion. Innocent (and naive) investors however can be saved with ideas on how to protect assets/livelihoods based on different or probable outcomes of divisive topics. All I can offer to Erik is welcome to my world! Rather than choose a side, offer ideas/opinions after connecting some dots as to what may take place? Choosing sides without solutions or actionable plans to protect oneself is just that, choosing sides. Loosing subscribers is unfortunately the only outcome when choosing sides, more so in today’s polarized world than ever before…”
“This is no different than what the US has done. Please read the book ‘Confessions of an economic hitman’ to fully understand the model of plunder.”
A report released on Monday by AidData noted that China finds itself in the unfamiliar role of being the world’s largest official debt collector, with a total outstanding debt (including principal but excluding interest) of at least USD 1.1 trillion owed by borrowers in the developing world to China.
“Just a ‘little’ more supply in an already crushed market?”
Office-sharing company WeWork filed for Chapter 11 bankruptcy protection in New Jersey federal court Monday, saying that it had entered into agreements with the vast majority of its secured note holders and that it intended to trim “non-operational” leases.
The bankruptcy filing is limited to WeWork’s locations in the U.S. and Canada, the company said in a press release. WeWork reported total debts of $18.65 billion against total assets of $15.06 billion in an initial filing.
Executives at the largest insurance companies in the United States are alarmed that teenagers, young and white-collar Americans in the prime of life are inexplicably dying at a record pace, causing a “monumental outflow” of death claims and drag on profits that is shaking the industry and causing some to take a fresh look at the problem.
By the summer of 1812, Napoleon still thought of himself as nearly invincible. He had conquered nearly all of Europe with relative ease and brought the continent’s remaining rulers under his control. He had personally lost just a single battle.
And his chief nemesis, Great Britain, had just been dragged into a new war with its former colony, the United States.
“‘Discovered’? You mean someone actually looked? Imagine what they would find in the US?”
“Amidst market turmoil, we’ve discovered massive illegal naked short-selling by global investment banks and circumstances of additional illegal activities,” Financial Services Commission Chairman Kim Joo-hyun told a briefing. “It’s a grave situation where illegal short-selling undermines fair price formation and hurts market confidence.”
“Must be some of real substance to have a ‘news blackout’?”
There are extremely strange things happening in a very high-profile federal court case in Manhattan where the largest bank in the United States, JPMorgan Chase, stands accused by victims of facilitating Jeffrey Epstein’s sex-trafficking ring that sexually abused minors as the bank doled out $40,000 to $80,000 a month in hard cash for more than a decade without filing the legally required Suspicious Activity Reports.
By Joe Sullivan, a senior advisor at the Lindsey Group and a former special advisor and staff economist at the White House Council of Economic Advisers during the Trump administration.
The wake of the BRICS summit splashes into a world much riper for de-dollarization now than it was even six months ago. BRICS, now BRICS+ due to the admission of new members, deserves only partial credit. In the last six months, tectonic shifts in China’s economy and in Washington have cleared the path for de-dollarization—an open route that BRICS+ can now step into.
“How does a recession happen?” “Slowly, and then all at once.”
“Bill, who could have seen this coming? I only said every Saturday it was going to go bust.
The firm signed office leases for 10 to 20 years, freshened up the space and generated buzz with perks such as free beer on tap to attract younger workers. As of June, WeWork was paying over $2.7 billion a year in rent and interest—more than 80% of its entire revenue, according to company filings. Its total losses since founding topped $16 billion as of June, as it churned through all the money it raised from top investors and lenders over the past decade.
So what does this say about how stupid these top investors are, very stupid?
Wall street is a ponzi!”
– Dave
Bill’s commentary:
“David, you have been spot on since we met in 1999, you will soon get paid very handsomely for being the quintessential ‘My cousin Vinny’. People who have never listened to you do not know what they missed!”
WeWork rode the wave of the venture-capital frenzy, building a global real-estate empire worth more than any other U.S. startup before buckling and laying off thousands when funding ran dry under its turbulent co-founder and former chief executive Adam Neumann.
BillHolter.com 