In The News Today

Posted at 4:02 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

You are now a full blown “racist” if you disagree with anything the Liberals profess. Sadly, you are tagged with some sort of “ist” or “obia” whenever your real logic begins to dent their mushy brains. Thank our pristine Universities for cultivating idiots…

Biden Goes All In on the Race Issue
August 9, 2019

Those who believed America’s racial divide would begin to close with the civil rights acts of the 1960s and the election of a black president in this century appear to have been overly optimistic.

The race divide seems deeper and wider than at any time in our lifetimes. Most of the aspiring leaders of the Democratic Party have apparently concluded that branding the president a “racist” and “white supremacist” is the strategy to pursue to win the nomination and the White House.

Here is Joe Biden, speaking in Iowa as President Donald Trump was visiting the wounded communities of Dayton, Ohio, and El Paso, Texas: “This president has fanned the flames of white supremacy in this nation. … The energetic embrace of this president by the darkest hearts and the most hate-filled minds in this country says it all.

“We have a problem with this rising tide of … white supremacy in America. And we have a president who encourages and emboldens it.”

What had Trump done to invite such a charge?

More…

Bill Holter’s Commentary

Even if you believe central banks have the ability to bail out the entire global banking system (they cannot), have you ever asked yourself “how” and what it really means to currencies themselves?

Bailout #3: Chinese Bank With $200 Billion In Assets Is Nationalized
August 9, 2019

Step aside Baoshang Bank and Bank of Jinzhou, it’s time for Chinese bank bailout #3.

Last month, when reporting on the imminent failure of yet another Chinese bank in the inglorious aftermath of Baoshang Bank’s late May state takeover, we dusted off a list of deeply troubled Chinese financial institutions that had delayed their 2018 annual reports…

 

 

 

 

 

 

 

 

 

 

 

 

 

 

… and noted that the #2 bank on this list, Bank of Jinzhou recently met financial institutions in its home Liaoning province to discuss measures to deal with liquidity problems, and in a parallel bailout to that of Baoshang, the bank was in talks to “introduce strategic investors” after a report that China’s financial regulators are seeking to resolve its liquidity problems sent its dollar-denominated debt plunging.

Just a few days later, that’s precisely what happened, when in late July, Industrial and Commercial Bank of China (ICBC), the country’s largest lender by assets, China Cinda Asset Management and China Great Wall Asset Management, two of China’s four largest distressed debt managers, said on Sunday they would take stakes in Bank of Jinzhou.

More…

Bill Holter’s Commentary

Kathy Griffin on steroids? Liberals of today do not even resemble the liberals I remember, these people are demented. The odds of eventual civil war in the U.S. have never been higher.

Hollywood Blockbuster That Satirizes Killing Of ‘Deplorables’ Causes Outrage: ‘Demented And Evil’
August 9, 2019

A controversial movie about privileged vacationers hunting “deplorables” for sport is ruffling feathers more than a month before its scheduled release and after tragic mass shootings in El Paso, Texas and Dayton, Ohio.

“The Hunt” is billed as a satire that follows wealthy thrill-seekers taking a private jet to a five-star resort where they embark on a “deeply rewarding” expedition that involves hunting down and killing designated humans. The Hollywood Reporter reported on Tuesday that “Universal is re-evaluating its strategy for the certain-to-be-controversial satire” following the shootings after ESPN reportedly pulled a trailer for the film that had been previously cleared to air on the sports network.

“The violent, R-rated film from producer Jason Blum’s Blumhouse follows a dozen MAGA types who wake up in a clearing and realize they are being stalked for sport by elite liberals,” THR’s Kim Masters and Tatiana Siegel wrote. “It features guns blazing along with other ultra-violent killings as the elites pick off their prey.”

According to the Hollywood trade publication, characters in the film refer to the victims as “deplorables,” which is what Hillary Clinton famously dubbed Trump supporters during the 2016 election. The report noted that a character asks, “Did anyone see what our ratf–ker-in-chief just did?”

More…

Bill Holter’s Commentary

As we have said all along, China will do what China believes is best for them …

Is China Hoarding Food, Gold And Other Commodities In Anticipation Of A Global Collapse?
August 8, 2019

Does China believe that we are on the verge of a major global crisis?  The communist Chinese government has always been very big into planning, and it appears that they have decided that now is the time to hoard food, gold and other commodities.  Of course in recent days the fact that China is completely cutting off U.S. agricultural imports has made headlines all over the globe, but at the same time China is dramatically increasing the amount of food that it is importing from the rest of the world.  The end result is actually a substantial surge in Chinese imports, and this is starting to show up in the official numbers.  For example, we just learned that Chinese soybean imports in July were actually up 8 percent compared to last year…

More…

J. Johnson’s Latest – Who’s Buying All Those Short Term Calls in Silver?
August 9, 2019

Happy Friday Morning Folks,    

      It seems the term “Buy the Dip” is still the precious metals strategy of the day (and past few months) with Gold trading higher at $1,515.40, up by $5.90 after trading as high as $1,521.10 with the low close by at $1,510.50. Silver is trading in the positive as well with the trade at $17.02, up 7.9 cents after reaching up to $17.14 before being slammed down to $16.93 then the recovering again. The US Dollar is doing another steady Eddie move with the value pegged at 97.35, down 8.4 points and close to the low at 97.31 with the high up at 97.465. All this occurred in the dark, before 5 am pst, the Comex open, and the London close.    

     Our Emerging Markets Currency watch is showing a mostly negative trade period in the overnight session. The Venezuelan currency view has Gold priced at 15,135.06 showing another 54.93 Bolivar’s being added to the price with Silver at 169.987 showing at .25 Bolivar lose. Argentina’s currency now has the price of Gold at 68,455.80 A-Peso’s dropping 253.73 in the overnight with Silver losing 6.592 in A-Peso value with its price pegged at 768.867 Pesos. Turkey’s Lira now has Gold gaining 38.59 T-Lira with the going price at 8,332.04 with Silver seeing minor pressure with its price at 93.5631 down by .0222 T-Lira.    

      August Silver Deliveries are showing a sizable drop in demand with the count now at 256 fully paid for contracts waiting for receipts, proving a drop of 180 physical obligations or EFP’s going to London with a Volume of 10 up on the board with the repeating occurrence being, no trading range. Once again, the opaque parenthesis trades are equaling each other in count between the August and September contracts even though the prices are different and still with no trades posting. The Resolute Longs are causing quite the stir these days with the early morning Overall Open Interest count at 243,791 Overnighters, showing a drop of 1,902 obligations from yesterday’s early morning record breaking OI tally. It must be remembered my count is NOT the closing numbers given at the end of the day. My posted numbers are live and in the early morning. These tallies may reflect the added pressure we see in the early morning trade after the Comex close and the reopening of the global trade. The papers still dominate the price but the obvious stress is here showing plenty of reasons to support the Resolutes that have remained these past few years.

More…