The JSMineset Compendium Volume 4 is available to order at the following link:
Included in this USB key package (accessible by PC or Mac) is a searchable database of over ELEVEN THOUSAND articles posted since October 2008 from Jim Sinclair, Bill Holter, and many, many other guest contributors. This is one of the largest collections of articles related to the Gold market available today on any medium.
Compendium Volume 4 comes on a USB Key. To access it, you will need an available USB port on your PC or Mac.
All orders include shipping from the United States.
“I sure wish Dismal Dave would send us some lighter fare …but then he’d be lying to us!”
Bill Holter’s Commentary
“This is a pretty good explanation of the ‘boom and bust cycle’.”
The primary cause of the recurring “boom and bust” business cycle is central banks like the Federal Reserve creating money out of thin air. This was first explained by Austrian economist Ludwig von Mises over a century ago. His student F.A. Hayek won the 1974 Nobel Prize in economics for his work on this theory, which is now known as Austrian business cycle theory.
The British parliament has convened for an emergency session to investigate the events of July 4th, 1776 in the colonies across the Atlantic. Sources indicate an illegal insurrection took place there that cost many lives.
“Blimey! These cheeky colonists are quite literally — and I’m LITERALLY not exaggerating here — an existential threat to democracy!” said MP Peasley Peckinposh III to a chorus of “hear hears.”
“Maybe they had a “leak” and some of the digital air escaped?”
Digital asset brokerage Voyager Digital has paused all customer trading, deposits, withdrawals and loyalty rewards, according to a statement released Friday afternoon.
“This was a tremendously difficult decision, but we believe it is the right one given current market conditions,” said Stephen Ehrlich, CEO of lending company Voyager.
Erlich went on to say that the decision is designed to give the firm additional time to continue “exploring strategic alternatives with various interested parties” and that they will provide additional information at “the appropriate time.”
“Never thought I could agree with a liberal, but, here you go! There is actually some logic to this. Who would a thunk it? PS. this is supposed to be a PG website so we apologize for the language.”
Great job Dismal Dave! You showed this is already bigger than the DotCom bubble burst, but then you show the bond collapse versus the price of gold. BRAVO!
‘Nevertheless, it is even harder for the average ape to believe that he has descended from man.’ H. L. Mencken. (1880-1956).
“WOW! Even the top .001% are being affected (already lost more than 50% of net worth)? Maybe they are losing control?”
One month ago we showed that while the BLS still revels in its seasonally-adjusted statistical nonsense to divine the monthly level of payrolls, the real world is seeing a wave of mass layoff the likes of which have not been seen since the covid crash
“Wait until the cow itself succumbs, what a bloody mess!”
JSMineset
Bill Holter’s Commentary
“Contagion from China? And people “supposedly”sold real money over the last few days?”
Australian bank collapses, customers told to withdraw funds now
An Australian digital bank has collapsed, leaving 140 employees without a job and 6,000 customers racing to withdraw their money before next week. Volt Bank announced on Wednesday it was closing its deposit taking business and will return its banking license after it couldn’t raise enough funds to stay afloat. ‘Volt has made the difficult decision to close its deposit taking business and has commenced the process of returning all deposits to its account holders,’ the neobank’s website said. ‘Customers need to transfer the balances held in all Volt accounts to a nominated bank account with another financial institution before the 5th of July 2022.’
All joking aside, was any of this real in the first place?
“Web3 assets continue their impressively catastrophic nosedive today, as NFTs — you know, those extremely expensive digital artworks that celebs have both love and lost— reach remarkably new lows in value.
Bloomberg reports that this will likely be the first month since June 2021 that NFT sales will have failed to reach $1 billion overall. Meanwhile, well known high-dollar NFTs, including the Bored Ape Yacht Club’s blue-chip collection, have seen price floors fall by 30 percent or more in just 30 days.”
A day after Fed Chair Powell crowed once again how the US economy was strong enough to cope with his hawkish rate-hike cycle (and President Biden told the world this morning that the US economy is the strongest in the world), the Atlanta Fed just stole the jam out of everyone’s donut by confirming the recession has started.
And you ask “how” gold and silver have been collared?
Last Tuesday, the Office of the Comptroller of the Currency (OCC) released its quarterly report on derivatives held at the megabanks on Wall Street. As we browsed through the standard graphs that are included in the quarterly report, one graph jumped out at us. It showed a measured growth in precious metals derivatives at insured U.S. commercial banks and savings associations over the past two decades and then an explosion in growth between the last quarter of 2021 and the end of the first quarter of this year.
In just one quarter, precious metals derivatives had soared from $79.28 billion to $491.87 billion. That’s a 520 percent increase in a span of three months. (See Figure 18 at this link. The last ten years of the graph is shown above.)
Please look at each chart carefully and think about what they really mean? Our dismal pal from down under has outdone himself again with visual proof …it’s over!
‘Experience is an expensive school, but fools will learn in no other.’ Benjamin Franklin. (1706-1790).
Earlier today, an article appeared on Zero Hedge titled ‘Nowhere To Hide From The Collapse Of The Everything Bubble’ authored by Nick Hubble via Fortune and Freedom. In this writing, Mr. Hubble makes the over arching case that all asset classes are falling due mainly to the actions of the central banks and their money printing. In general, he is correct. However, Hubble made two massive errors in his claims. What concerns me is that if the average person takes the following information at face value from Hubble, or continues these assumptions as they are part of the current Zeitgeist, he or she will indeed be in for a world of hurt that they likely won’t come back from.
