Bill’s Commentary:
“Talking his book, or from the gut?”
Elon Musk is once again bashing the Republican megabill.
Weeks after an initial tirade against the legislation, the former top White House staffer and current richest man in the world wrote Saturday on X that the “latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country!”
The latest from USA Watchdog –
Bill’s Commentary:
“You didn’t think he (or the rest of the world) forgot about this, did you?”
Putin: ‘Theft’ Of $300BN in Frozen Assets A ‘Price Worth Paying’ To Break West’s Grip On Global Finance
In somewhat surprising statements and what can be viewed as a very frank ‘concession’, President Vladimir Putin has said Russia is “ready” to part with its $300 billion in frozen assets, framing it as a another way which accelerates Russia’s and its allies’ shift away from Western-dominated financial systems.
“A significant amount of Russian gold and currency assets is frozen in Western banks. They keep telling us they intend to steal our money,” Putin said before the Eurasian Economic Union (EEU) summit in Minsk on Thursday.
If the West does simply take the funds in the end, it would create an “irreversible trend toward the regionalization of payment systems” – and this in the long run would benefit the global economy. “I think it is probably worth paying for,” Putin mused, while further describing the Moscow aims to strengthen its own financial settlement systems with “friendly states.”
Bill’s Commentary:
“I searched a dictionary for “Karens wearing burqas” and to my astonishment, this came up! I am not sure that these flashy colors are acceptable? I am sure that the Karens, once under Sharia law, will see their human rights blasted back to Medieval times!”
White Women in New York City Embrace Burqas Ahead of Mamdani Administration
Across New York City, white liberal women are donning colorful burqas in anticipation of what they believe will be a transformative era under the administration of Zohran Mamdani, the progressive Democratic Socialist poised to lead the city.
The trend, which has swept through neighborhoods like Williamsburg and Park Slope, is being hailed as a bold statement of solidarity with the incoming leadership’s vision, which many expect will usher in policies rooted in equity and cultural inclusivity.
The burqa, a full-body covering traditionally associated with certain Islamic practices, has been reimagined in vibrant hues like magenta, teal, and sunflower yellow, with some featuring patterns inspired by local street art.
Bill’s Commentary:
“”Dog and pony show” is an understatement!”
Bill’s Commentary:
“Holy shit!”
Bill’s Commentary:
“And thus the timing of the attack?”
HISTORIC! First Freight Train From China Wheels Into Iran, Flying In The Face Of American Sanctions
In what could only be termed as a geopolitical coup, the first freight train from China rolled into Iran this week. Flying in the face of the US sanctions aimed at crippling Tehran’s oil trade and isolating Beijing, the rail line will not only boost trade between the two countries, but would also undermine America’s influence in the region.
The project has its genesis in the USD 400 billion economic agreement inked between China and Iran in 2021 as part of Beijing’s Belt and Road initiative. It is a testament to the China-Iran nexus that is getting stronger after strategically trapping the US Navy in the Red Sea. The new rail route shortens the delivery times for Iranian oil exports and helps China evade the Malacca Strait choke point.
Bill’s Commentary:
“A very good article re the “plumbing” of markets. I have always told you what comes will be a credit/currency event, a lack of liquidity will certainly do the trick…”
The Great Illiquidity Crisis Nobody’s Talking About
On the surface, markets may currently appear to be calm, almost suspiciously so. While the S&P 500 continues to push higher, volatility has decreased to near post-pandemic lows, and capital is trickling back into risk assets that were recently under pressure. To the casual observer, it feels like stability has returned. But that calm is deceiving.
Beneath the headlines, market liquidity is quietly deteriorating. Bid-ask spreads are widening in places that used to be tight. Treasury auctions are growing more volatile and trading volumes in key segments are thinning out. It has not yet shown up in the VIX or mainstream coverage, however, the structural cracks are there.
The latest from USA Watchdog –
Bill’s Commentary:
“Some ancient silver history for you and the gold silver ratio chart going back to 1720.”
Life of the Silver Pharaoh named Psusennes
PBS, National Geographic and Popular Archaeology are presenting programs concerning this important time in Egyptian history as it relates to 21st dynasty Pharaoh by the name of Psusennes I. But what do we know about the man, the time in which he lived and his relationship to the history of Egypt in 1047 BC?
Bill’s Commentary:
“On housing…”
The Real Estate Recession You Haven’t Heard About (Yet)
Real estate and construction are considered bellwethers of the overall economy. Recently they’re not looking good – and this isn’t an isolated issue. It’s a warning sign of a crisis that could ripple through the entire economy…
The housing market is a massive portion (about 1/6th!) of the entire U.S. economy. About two-thirds of American families own their home – and for most, it’s their single biggest financial asset (as well as where they sleep). Home equity represents a tremendous share of household net worth – about half for the typical family! More of our national wealth is tied up in housing than any other single asset class.
So any unusual or unexpected developments in the real estate market get attention. Because they’re extremely important for the majority of Americans – far more important than abstractions like GDP or unemployment.
Bill’s Commentary:
“Here is a big “UH-OH”! And it stands to reason, after watching what the US did to Russia with their $300 billion in Treasury reserves, is it any wonder that the world looks at the US with a skeptical eye?”
Growing Calls for Germany and Italy to Pull $245 Billion Out of US
FRANKFURT/ROME — Recall back in April of this year when GoldFix raised reader awareness by breaking the news that Germany had a nascent but growing movement to repatriate its Gold from the US. Of chief importance was the longstanding assumption that Germany’s gold reserves were safe in New York is no longer taken for granted. Political shifts in Washington, public calls for increased transparency, and broader concerns about U.S. reserve integrity are prompting parts of Berlin’s political establishment to reassess the wisdom of maintaining large-scale gold holdings abroad.
Turns out this is now a growing risk to global bullion markets spreading both internally in Germany and externally into Italy.
Bill’s Commentary:
“But here’s the problem: bonds are on track to become a graveyard for capital.”
The Great Bond Scam: Wall Street’s Biggest Myth Exposed
There’s a ridiculous and pervasive notion in finance that US Treasuries are “risk free.”
People repeat it without thinking. Financial institutions build portfolios around it. And for decades, the world has blindly accepted this trope as gospel.
As a result, bonds—especially US Treasuries—became the de facto savings account for many in the post-1971 fiat currency era. Widely regarded as a safe, conservative place to park capital, US Treasuries are the foundation of the massive global bond market.
The global bond market is now estimated to be worth more than $300 trillion. Why? Because the masses were told this was the smart, safe thing to do.
Bill’s Commentary:
“You do understand what happens next, right?”
Home price hikes are slowing more than expected
Rising supply and slowing demand in the housing market are finally causing prices to cool off, and the weakness is accelerating.
Home prices nationally rose just 2.7% in April compared with the previous year, according to the S&P CoreLogic Case-Shiller Index released Tuesday. That is down from a 3.4% annual increase in March and is the smallest gain in nearly two years.
The report is slightly backdated, as it is a three-month running average of prices ended in April. Other more current readings of the market, such as one from Parcl Labs, shows prices nationally are now flat compared with a year ago.
Bill’s Commentary:
“Some will think “all is well”, I believe you are watching the narrative being “painted”… until it is not…?”
Oil tumbles for a second day, loses 6% as Iran-Israel ceasefire eases supply concerns
Oil prices tumbled for a second day Tuesday, as the market bet that a ceasefire between Israel and Iran would hold and the risk of a major crude supply disruption had faded.
U.S. crude oil settled down 6% at $64.37 a barrel, while the global benchmark Brent fell 6.1%, to $67.14. Prices closed 7% lower on Monday after Iran did not target energy infrastructure in response to the U.S. bombing its key nuclear sites.
Earlier Tuesday, President Donald Trump said China can keep buying oil from Iran, in what seemed like a sign that the U.S. may soften its maximum pressure campaign against the Islamic Republic.
Bill’s Commentary:
“We will file this one under “delusional”…”
Bill’s latest interview with Operation Freedom (Also posted under Interviews)
Bill’s Commentary:
“I did not realize the railway from China to Tehran had been completed last week. Did the completion of the Silk Road necessitate the attack on Iran?”
The latest from Erik –
Bill’s Commentary:
“The debt clock 4 years from now… IF we get there. Meaning, $2.5 trillion borrowed per year to keep things “looking normal”?”
https://www.usdebtclock.org/current-rates.html
Bill’s Commentary:
“Pastor Stanley did a podcast re the “GENIUS” Act.”
EA Podcast Ep. 410-The Newly Passed GENIUS Act is Programmable Currency
Bill’s Commentary:
“Please keep this one in mind while you watch the next upcoming false flag…”
Bill’s Commentary:
“I spoke about this last week on an interview, what a travesty…”
20 June 2025 by Bob Bishop 32 Comments
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About two years ago, Sonar21 released an article detailing how the Biden Administration tapped the Strategic Petroleum Reserve (SPR) to reduce oil prices and bolster the faltering economy, a move aimed at gaining political advantage during the 2022 midterm elections. Biden released approximately 260 million barrels rapidly, potentially damaging the aging salt caverns through deformation and shrinkage. In 2000, the SPR office estimated that the facilities had a remaining life span of twenty-five years, assuming routine maintenance.
Assuming refiling the SPR at three million barrels a month, it would take a staggering seven years to replace the 260 million barrels. Refilling at one million barrels per day to cut the refill timeline to under a year would pose a significant logistical challenge and cause oil prices to rise sharply. Given the current Middle East geopolitical risks and probable oil supply disruptions, time has run out.
Bill is interviewed by Jesse Day at Commodity Culture (Also posted under Interviews)
Bill’s Commentary:
“Some intelligent legislators!”
Bill’s Commentary:
“A 3rd carrier group? Can they defend against hypersonic?”
USS Ford to sail for European deployment, giving US a 3rd carrier option if Iran-Israel conflict widens
The aircraft carrier USS Gerald R. Ford will sail from the East Coast for Europe on a regularly scheduled deployment — but its presence also gives President Trump a third aircraft carrier option as he weighs what sort of military response the US should provide amid escalating strikes between Israel and Iran.
Bill’s Commentary:
“Imagine that!”
Bill’s Commentary:
“Smart man!”
Man with world’s highest IQ declares ‘Jesus Christ is God’
Dr. YoungHoon Kim, recognized as the individual with the highest recorded IQ in history, has publicly affirmed his belief in Jesus Christ, stating that Christ is “God, the way and the truth and the life.”
The declaration, posted to Kim’s official X account, comes shortly after his confirmation as the current holder of the world’s highest IQ.
“As the world’s highest IQ record holder, I believe that Jesus Christ is God, the way and the truth and the life,” Kim wrote.
The latest from USA Watchdog –
Bill’s Commentary:
“Put this in the same category as Bush’s WMD’s?”
Watch: Bibi Warning Iran Nuclear Bomb Capability ‘Imminent’ – Spanning 30 Years
According to a Tuesday CNN report issued as bombs fly between Israel and Iran, US intelligence assessed that Iran was not actively pursuing nuclear weapons ahead of last Friday’s Israeli attack and, even if it chose to, it would take up to three years to develop and deliver one.
This of course directly contradicts Israeli Prime Minister Benjamin Netanyahu’s justification for launching the major airstrikes on Iran, which have continued and intensified, based on claims that Iran was close to obtaining a nuclear bomb.
Israel has been framing it as ‘preemptive’ – but even this term presumes that a foreign enemy was imminently about to attack, and thus preemptive action needed to be taken.
BillHolter.com 