In The News Today

Posted at 7:01 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

In case you were wondering, with the current debt structure …we can never ever have positive real interest rates.  This is why reset…

‘History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.’ James Madison. (1751-1836).

Bill Holter’s Commentary

And it is only the beginning!

Jay Powell’s Punch In The Face For The American People-The Dollar Is No Longer The Preeminent World Currency

On June 17, 2022 at a Federal Reserve research conference,  Jerome Powell stood and admitted to the world that the United States Dollar was no longer the preeminent world currency:

…’Looking forward, rapid changes are taking place in the global monetary system that may affect the international role of the dollar in the future. Most major economies already have or are in the process of developing instant, 24/7 payments. Our own FedNow service will be coming online in 2023. And in light of the tremendous growth in crypto-assets and stablecoins, the Federal Reserve is examining whether a U.S. central bank digital currency (CBDC) would improve on an already safe and efficient domestic payments system. As the Fed’s white paper on this topic notes, a U.S. CBDC could also potentially help maintain the dollar’s international standing.’…

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Bill Holter’s Commentary

Plan?

Union Pacific Rail To Cut Fuel Shipments By Pilot Flying J Truck Stops And Gas Stations

Shameek Konar, the CEO of Pilot Flying J truck stops and gas stations, explained during a hearing that on April 13, Pilot Flying J was informed by Union Pacific Railways (UP) that the company was “required to reduce shipments by 26 percent.” Then, in subsequent conversations, UP asked them to reduce rail shipments even further by 50 percent or face embargoes. Konar said that the reductions will significantly impact the availability of fuel and fuel prices. Pilot Flying J supplies roughly 30% of diesel exhaust fuel (DEF) in the country. The trucking sector of our economy depends on DEF as all trucks manufactured after 2010 cannot operate without it, and the cut in deliveries will heavily impact the trucking industry.

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Bill Holter’s Commentary

Here is part of the deflation side of the equation …

Commercial Real Estate Is On The Brink

Commercial real estate may be on the brink, but nobody is ready to panic just yet.

The aftershocks of the idea of a coming recession continue to make their way through every industry. We have reported about numerous companies – including Netflix, Tesla, Wells Fargo, Cameo, Pelton and many more – who have all already implemented layoffs as a result of the slow economic climate.   

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Bill Holter’s Commentary

This is not something that insolvent central banks/sovereign treasuries can afford.  Hopefully recipients will understand they need to convert the currency before it becomes worthless …

Widow Will Become First Person In The UK To Receive Covid Vaccine Damage Payment

A woman whose fiancé died after having the AstraZeneca Covid vaccine will become the first person in the UK to receive a Covid vaccine damage payment of £120,000, GB News can exclusively reveal.

Until now, no lump sums have been issued to more than 1,300 people who claimed damage claimants for Covid jab-related injuries and bereavements, despite reports more than 400,000 people have reported vaccine side effects to the Yellow Card Scheme.

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Bill Holter’s Commentary

When is “your money” …not your money?

A Crypto Lending App Tried To Take Over A ‘Whale’ Account To Stop It From Collapsing The System

Decentralized finance platforms are going to extreme lengths to limit the fallout from a sell-off in cryptocurrencies.

Solend, a lending platform built on the Solana blockchain, tried to gain control of its largest account, a so-called “whale” investor that it said could significantly influence market movements.

Solend’s users have since voted to block the move.

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Bill Holter’s Commentary

She will tell you after the smoke clears that you had fair warning?

Europe Faces ‘Severe’ Risk Of Disorderly Financial Market Correction: Lagarde

FRANKFURT, June 20 (Reuters) – The risk of an abrupt correction on Europe’s financial and housing markets is high, European Central Bank President Christine Lagarde said on Monday.

“Risks to financial stability have perceptibly increased since the beginning of this year,” she said in her capacity as the Chair of the European Systemic Risk Board, the European Union’s financial risk watchdog.

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Bill Holter’s Commentary

While reading this, please remember the strength of the US dollar and its “forcible use” for trade was enforced by the strongest military in the world …but things change!

PRIDE MONTH: Here’s How the Navy Is Training Sailors On Proper Gender Pronouns

The Navy is training its members to create a “safe space” by using proper gender pronouns in a new instructional video modeled after a children’s show.

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