Bill’s Commentary:

“Only 10%?”

Utah Formally Empowers State Treasurer to Protect State Funds with Gold and Silver

Utah Governor Spencer Cox has signed legislation explicitly empowering the state treasurer to protect state funds with an allocation to physical gold and silver.

Sponsored by Rep. Ken Ivory, House Bill 348 permits – but does not require – the Treasurer to hold up to 10 percent of certain state reserve accounts in physical gold and silver to help secure state assets against the risks of inflation and financial turmoil and/or to achieve capital gains as measured in Federal Reserve Notes.

Read more here…

Bill interviewed at X-22 report (Also posted under Interviews)

Bill’s Commentary:

“Is the biggest bank the riskiest bank?”

Report: Five Banks Have a Combined Half Trillion Dollars in Commercial Real Estate Loans; Number 1 is JPMorgan Chase

Yesterday, American Banker released a report showing that five banks in the U.S. hold a combined half trillion dollars in commercial real estate (CRE) loans. It came as a big surprise to a lot of folks that the bank holding the largest amount of CRE loans is JPMorgan Chase – whose bank holding company is also exposed to $49 trillion in derivatives as of December 31, 2023 according to the Office of the Comptroller of the Currency. (See Table 14 at this link.)

JPMorgan Chase is already considered the riskiest bank in the U.S. according to its regulators.

Read more here…

Bill’s Commentary:

“Feel good video of the week!”

Bill’s Commentary:

“Pretty much pure math at this point…”

The Meltdown of Commercial Real Estate

In case you’ve still got money in a bank, Bloomberg is warning that defaults in commercial real estate loans could “topple” hundreds of U.S. banks.

Leaving taxpayers on the hook for trillions in losses.

The note, by senior editor James Crombie, walks us through the festering hellscape that is commercial real estate.

Read here…

Bill’s Commentary:
“Welcome to America!”

Bill’s Commentary:

“The man is correct, but he did forget to mention the most pressing reason to own gold. Gold cannot bankrupt in a world that is bankrupting …”

“Goldilocks” Is Gonna Get It

The Fed kept the fed funds rate unchanged at last week’s meeting, as I predicted.

That makes 17 Fed meetings in a row going back to March 16, 2022, when I got the Fed forecast right. Events remain uncertain from here, but it’s so far, so good for my forecasting (that’s not because I have a crystal ball but because I know how to read them).

Read more here…

Bill’s Commentary:

“Filed under the category of BULLSHIT!”

Pictured: Women’s soccer team featuring FIVE trans players that destroyed opposition 10-0 on way to winning grand final – with one biological male scoring SIX goals in one game

Read more here…

Bill’s Commentary:

“$1 Trillion every 100 days, what could possibly go wrong?”

CBO Director Warns Of Debt Market Meltdown With US Debt On “Unprecedented” Trajectory

We’ve been pointing it out for so long – in fact, for most of our 15 years in existence – that it has become more of a chore than actual reporting, especially since the “number only go up“, as it hits a new all time high virtually every day. We are talking, of course, about the exponential curve that is the US debt, arguably one of the most boring and at the same time, most exciting topics of all time (because one day the “number go up no more” and you want to be far, far away when that happens).

Read more here…

Bill’s Commentary:

“A very good 3 minute video of Vivek on national sovereignty and the global great reset.”

Bill’s Commentary:

“Yet we are told that everything is fine and no chance of recession? I believe the only question is how all engulfing the global DEPRESSION will be?”

“It’s A Far Deeper Recession Than Publicized…” Dallas Fed Manufacturing Survey Screams Stagflation

“Many good things may happen, but the actual occurrence remains to be seen…”

That’s about as rosy a picture as one could glean from the respondents to today’s Dallas Fed Manufacturing survey.

Against expectations of a small improvement from -11.3 to -10.0, the headline sentiment gauge dropped to -14.4 (the lowest end of analysts’ forecasts).

Furthermore, the production index, a key measure of state manufacturing conditions, fell five points to -4.1, a reading that suggests a slight decline in output month over month.

Other measures of manufacturing activity also indicated declines this month.

Read more here…