Posts Categorized: In The News

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Bill Holter’s Commentary

A very understandable explanation of monetization. No nation can ever borrow or print their way to prosperity. Brace yourselves for hyperinflation!

Funding Of U.S. Deficits By Monetary Creation Reaches 90% In Late 2019

 

 

 

 

 

 

 

 

 

 

 

As can be seen in the graph above, for the last 12 weeks there has been a stunning visual correlation between the yellow bars of the total weekly funding of deficits by the Federal Reserve, and the green bars of the weekly deficit spending by the United States government.

Total deficit spending, the extent to which monies spent by the federal government exceeded taxes collected, was a staggering $422 billion in just the last 12 weeks. In total, $367 billion of the funding for this increase in the national debt was provided at very low interest rates, via the mechanism of the Federal Reserve simply creating the money needed to fund the government spending.

Neither the Treasury Department nor the Federal Reserve will admit to what is happening. The Fed is using two separate programs to accomplish this, with a sufficient degree of complexity that it becomes difficult for average citizen to follow where the money is coming in from and what it is being used for.

In this step by step analysis, we will put together the week by week numbers from the Fed and the Treasury, uncover what is being hidden behind a veil of complexity, and show the simple truth – about 90% of recent federal government deficit spending has effectively been funded at below market rates by simply creating the new money.

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J. Johnson’s Latest – Today’s Silver and Gold Activity, Is Brought To You By “Q”
December 12, 2019

Great and Wonderful Monday Morning Folks,   

       We Q the starting point of the day with Gold trading higher with the February contract at $1,468.80 up $3.70 with the high close by at $1,469.10 and the low still inside a very tight hi/low trading range of $5.80 at $1,463.00. Silver seems to be leading with its trade at $16.705 (March) up 10.9 cents with the high at $16.71 and the low at $16.565. The December US Dollar, which comes off the board next Monday inside the Triple Witch Week, is now trading at 97.530, down 13.1 points and at the low of 97.525 with the high at 97.700. All of this happened before 5 am pst, the Comex open, and the London close.   

      Our Emerging Markets Currency Watch is proving the Christmas Sales period, is the time to buy. In Venezuela, Gold is now priced at 14,669.64 Bolivar giving those wanting to own a 120.85 Bolivar discount with Silver at 166.841 Bolivar, offering a 3.046 discount from Friday’s early morning quote. In Argentina, the Peso has Gold valued at 87,940.89 Peso’s giving the buyer a 743.73 A-Peso discount with Silver at 1,000.60 discounting the trade by 18.24 Peso’s. The Turkish Lira now has Gold valued at 8,518.86 showing a loss of 10.47 in T-Liras with Silver at 96.8672 dropping 1.1029 in value as the physical buyers are given the chance to buy before the new high.   

      Our December Silver Delivery watch now shows a request count of 913 fully paid for contracts waiting to day trade, get physicals, or sending paper to London, and with a Volume of 120 up on the board so far with a trading range between $16.47 and $16.56. Sunday nights ICE openings showed someone buying 12 Red Contracts within the first 40 minutes of trade and within another ½ penny trading range between $16.470 and $16.475. No One outside an Algo has the ability to trade and profit off a ½ penny swing as explained earlier. Also, of note is the drop-in demand count from Friday to today proving a 1 contract drop in all of Friday’s trading activity inside the delivery month which may be either day trading algos, or the buy orders are keeping up with the physical demands being removed with over 135 contracts trading on Friday. As of right now, the physical demand count for Silver now stands at 4,565,000 ounces waiting to get delivered.    

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Bill Holter’s Commentary

So…what do they do? Do they shut the President of The United States down because he is fake news? Or hate speech? Or because “we just don’t like him”? This is not sarcasm, we honestly ask!

Twitter Censorship Confirmed: “Shadow Banning” Is Now Written Into The Platform’s New Terms
December 5, 2019

Twitter has written “shadow banning” aka, censorship, into their new terms. The platform will now intentionally “limit the visibility” of some users. Expect those who dissent from the official narrative to be the ones censored.

Critics have accused Twitter of censorship for quite some time now. But this time, it’s official. The company has admitted they will attempt to silence those critical of the ruling class. According to RT, the news terms will be taking effect in January of 2020. While the new terms don’t look like much to write home about, some tweaks to the language could have larger repercussions for users, limiting their reach behind the scenes without their knowledge.

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Bill Holter’s Commentary

So let me get this straight, we have an industry with vastly negative cash flows and a huge debt load to boot? And you wonder about supply and demand? Too much demand will push prices higher, not enough supply will send prices to the moon…!

Shale’s Debt-Fueled Drilling Boom Is Coming To An End
December 4, 2019

The financial struggles of the U.S. shale industry are becoming increasingly hard to ignore, but drillers in Appalachia are in particularly bad shape.

The Permian has recently seen job losses, and for the first time since 2016, the hottest shale basin in the world has seen job growth lag the broader Texas economy. The industry is cutting back amid heightened financial scrutiny from investors, as debt-fueled drilling has become increasingly hard to justify.

But E&P companies focused almost exclusively on gas, such as those in the Marcellus and Utica shales, are in even worse shape. An IEEFA analysis found that seven of the largest producers in Appalachia burned through about a half billion dollars in the third quarter.

Gas production continues to rise, but profits remain elusive. “Despite booming gas output, Appalachian oil and gas companies consistently failed to produce positive cash flow over the past five quarters,” the authors of the IEEFA report said.

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J. Johnson’s Latest – Silver’s Criminal Element may be in Dire Straits at the Exchange
December 6, 2019

Great and Wonderful Friday Morning Folks,  

     Precious metals are recovering from the typical “before the Comex Open” hit with Gold being knocked down to a low of $1,476.30 before recovering to $1,480.90, down $2.20 with the high to beat at $1,481.80. Silver was knocked down to $16.92 before the bounce with the trade now above the Maginot line at $17.01 with the high near by at $17.03. The US Dollar is not doing anything inside a 10.5-point trading range between 97.43 and 97.325 with the last quote at 97.390. All of this happened before 5 am pst, the Comex open, and the London close.    

     We have a mish mash of price swings in our emerging markets with Venezuela’s Bolivar now gauging Gold’s value at 14,790.49 Bolivar losing 8.99 in the overnight with Silver now at 169.887 Bolivar proving a gain of 0.549. Argentina’s Peso now has Gold valued at 88,684.62 Peso’s showing the noble metal recovered 59.31 with Silver at 1,018.84 Peso’s it too regaining 4.84. Over in Turkey, the Lira has Gold’s value at 8,529.33 Lira, taking back 4.32 with Silver at 97.9701 showing a gain of 0.3272 in T-Lira value.  

Our December Silver Delivery Demands now show a contract count of 914 fully paid for contracts waiting for receipts, or to day trade, inside the delivery month proving an 88-count drop from yesterday’s numbers that just so happened to have 248 contracts traded (yesterday) during the 14.5 cent climb. So far this morning the deliveries in Comex are posting a 19 count Volume inside a half penny price swing between $16.825 and $16.820. How can anyone be trading and profiting off a $25 swing per contract? Algo’s maybe, but they would have to control the entire 19 lot Volume, this minor move in price should make one wonder if there’s an element of criminal here. All day yesterday (and everyday), I observe multiple lot quantities of buy/sell orders 3 to 4 cents higher than the last trade but no takers, yet the Bid and Ask columns continually post ever changing quantities inside the “bracketed” throughout the months traded but no action at the higher prices. In our opinion, this is counter intuitive trading, in order to keep the prices stable, there must be a reason for this and in time it will be outted.    

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Bill Holter’s Commentary

Is there any significance to this? I guess we will soon see!

Google Founders Larry Page And Sergey Brin Stepping Down As CEO And President
December 3, 2019

Google’s founders Larry Page and Sergey Brin — who built the tech giant 20 years ago with servers in a garage — announced on Tuesday that they are stepping down as CEO and president, respectively, from the company.

Sundar Pichai will be the new CEO of Google and its parent company, Alphabet Inc., effective immediately, according to a statement from the company.

Page and Brin co-founded the company in 1998 and led it to becoming the international tech industry leader it is today. The two will remain active at Alphabet Inc. as co-founders, shareholders and board members, the company said.

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J. Johnson’s Latest – Me?? I’m Suggesting Physical Silver and Gold in Hand!
December 5, 2019

Great and Wonderful Thursday Morning Folks,  

     Gold is trading in the positive with the February contract at $1,481.80. up $1.60 and close to the high of $1,483.70 inside a tight $5.40 trading range with the low at $1,478.30. Silver is up 3.9 cents with the March contract at $16.955 and close to the high right at the $17 marker with the low at $16.870. The December US Dollar contract, which comes off the board on the 16th, to start the Triple Witch Week Roll Over, is now trading at 97.425, down 17.7 points, and a half a point off the low with the high still not that far away at 97.555. All of this of course, already happened before 5 am pst, the Comex open, and the London close.  

     Venezuela, a nation that has already crushed its currency in order to blow out all its manufacturing competition, now has Gold trading at 14,799.48, taking back 14.98 Bolivar from yesterday’s quote with Silver at 169.338 Bolivar, it too taking back 2.747 of value. In Argentina, another nation that has devalued its currency against our fiats value, now has Gold priced at 88,625.31 taking back 134.38 in A-Peso value with Silver now trading at 1,014.00 A-Pesos showing a loss of 17.03. The Lira, now has Gold valued at 8,533.65 proving a gain of 20.65 in the Turkish currency with Silver at 97.6429 T-Lira showing a loss of 1.244 in the overnight.    

     Red Silver’s Delivery Demands now stand at 1,002 fully paid for contracts proving a reduction of 245 as of this morning and with a trading range between $16.84 and $16.78 with a Volume of 42 already up on the board with the last trade at the low $16.780. Yesterday’s Volume exceeded the amount of Open Interest reduction in the deliveries, but I failed to acquire the final numbers before they were erased from my view. Silver would be naturally traveling higher in price if it wasn’t for these papered contracts created by the centrals in order to keep the price under control. This fact is evident with each passing day with todays Total Open Interest at 208,350 Overnighters, proving the point that 2,339 more pieces of paper had to be applied without the banks having the same restrictions on paper like the planet restricts the metal.    

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Bill Holter’s Commentary

…Snowflakes run amock!

‘Rudolph the Red-Nosed Reindeer’ Bullying Scenes Blasted by Viewers
December 2, 2019

It’s December which means all your favorite Christmas specials are set to be broadcast. On Monday, Rudolph the Red Nosed Reindeer will find itself in primetime. The 55-minute long special will air at 8 p.m. ET on CBS. As many know, the film spotlights Rudolph and his journey from an outsider to being the hero of Christmas and leading Santa’s sleigh. It’s what happens in between, though, that causes some viewers to feel uneasy.

As an adult, Rudolph is the saddest thing ever with the bullying and shaming and mean Santa. Probably not as bad as Nestor the Long Eared Christmas Donkey! Where his mom like, freezes to death or something? And these are children’s shows. No wonder we’re all messed up!

— Phyllis (@jerseydevil729) December 3, 2019

Early on in the episode, Rudolph finds himself needing to wear a fake black nose to hide his “different” red nose per his parent’s request. He does so to avoid embarrassment, and ultimately is the center of the joke when it feels off and the other reindeer, besides Clarice, make fun of him.

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J. Johnson’s Oops Update

Oops! My Bad the Ed Buck Indictment is dated (Oct)…still pertinent but did not come out last night.

J. Johnson’s Latest – #All-Physical-Deliveries-Matters!
December 4, 2019

Great and Wonderful Wednesday Morning Folks,  

     February Gold is now trading at $1,483.30, down $1.10 after being dipped down to $1,478.20 with the high to beat at $1,489.90! Silver is barely down as well with the March contract at $17.23, down 1.8 cents and very close to the low at $17.185 with the high up at $17.415! Pretty big moves while we had our eyes closed eh? Yet when we look at the US Dollar, the trade is totally uneventful (for now) with the value stuck at 97.605, down 7.6 points and close to it’s low at 97.575 with the high at 97.74. All of this was done before 5am pst, the Comex open, and the London close.  

     Our emerging markets currency watch continues to lead by example with Gold valued under the Venezuelan Bolivar at 14,814.46 proving a gain of 64.92 in the overnight with Silver now priced at 172.085 showing a gain of 1.598 Bolivar. Argentina’s Peso now has Gold’s value at 88,759.69 giving those that hold a 391.18 A-Peso gain with Silver gaining 9.87 A-Pesos with the price now at 1,031.03. Turkey’s Lira now has Gold priced at 8,513.00, proving a gain of 43.99 with Silver now at 98.8869 proving a gain of 0.9822 in T-Lira value.    

     Red Silver’s Delivery count now stands at 1,247 fully paid for contracts waiting for paper receipts that can either be delivered here physically, stored in paper by a (possible) gang of criminal elements, or having those pieces of paper transferred over to the “City of No Trust” via these fully abused EFP’s. The full delivery count has proven a drop of 218 from yesterday’s demand requests and during the time when the trading Volume for the physical reached 381 by the end of trade yesterday. These numbers may prove that more buy orders came in and were filled, than that of the reduced count up on the board. So far this morning the trading Volume for the delivery contract is at 38 and with a trading range between $17.240 and $17.055 with the last trade at $17.13, up ½ a penny.  

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Bill Holter’s Commentary

All “we” strive for is truth in our daily lives in a world where nearly everything is a lie.  Please read this masterpiece by Charles Hugh Smith, then print it and send to your friends and relatives to see what they think of it? Bravo sir!

Could America Survive a Truth Commission?
December 01, 2019

 A nation that’s no longer capable of naming names and reporting what actually happened richly deserves an economic and political collapse to match its moral collapse.

You’ve probably heard of the Truth Commissions held in disastrously corrupt and oppressive regimes after the sociopath/kleptocrat Oligarchs are deposed. The goal is not revenge, as well-deserved as that might be; the goal is national reconciliation via the only possible path to healing: name names and tell the plain, unadorned truth, stripped of self-serving artifice, spin, propaganda and PR.

Is such a stripped-of-spin truthful account of names and events even possible in the U.S.? Sadly, there is precious little evidence that a Truth Commission in the U.S. would be anything more than a travesty of a mockery of a sham, a parade of half-truths, misdirections, falsehoods and fabrications, all aimed at one goal: protecting the powerful from the consequences of their decisions and actions.

Sadly, we’ve lost the capacity to simply tell the truth: everything, and I mean everything, is crafted to protect the guilty, polish the putrid decay of legalized looting, defraud the unwary, ease the most venal, power-mad sociopaths into positions of unparalleled power, sell low-quality goods and services nobody needs or would even want if the marketing weren’t so Orwellian, persuade debt-serfs to borrow more and bamboozle voters into further enriching the few at the expense of the many.

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J. Johnson’s Latest – My Hope is That This December is the Christmas To Remember for Silver and Gold!
December 3, 2019

 Great and Wonderful Tuesday Morning Folks,   

      Gold is trading higher this morning with February Gold now at $1,476.80, up $7.60 and close to the high of $1,477.10 with the low at $1,465.40. March Silver, the little puppy on a leash, is now trading at $17.07 up 10.4 cents with its high at $17.12 and the low at $17.945. Our US Dollar, the one that kinda lost some support after yesterday’s write-up, is now trading at 97.76, down 3.1 points inside a trading range between 97.88 and 97.685 after yesterday’s 41-point drop. All of this was done before 5 am pst, before the Comex Open, after Trump went to London, and before the London close.   

      We are seeing nothing but stellar gains under the “emerging markets” currency watch with Venezuela’s Bolivar now pricing Gold at 14,749.54 gaining 124.84 Bolivar overnight with Silver now at 170.487, showing us a “pure” 0.999 Bolivar gain. In Argentina, the Peso now has Gold gauged at 88,368.51, showing a gain of 680.67 A-Pesos with Silver gaining 5.33 Pesos with its price now at 1,021.16 A-Pesos. Over in the lands of Turkey, the Lira now has Gold’s value pegged at 8,469.01 proving a gain of 41.20 T-Lira with Silver now getting 97.9047 T-Lira per ounce providing those that hold a 0.2435 T-Lira gain.     

      Red Silver’s Delivery Count now stands at 1,465 fully paid for contracts waiting for receipts proving a drop of 959 contracts from yesterday’s count and with today’s price range between $16.985 and $16.81 with the last trade at $16.93. To add to this, we also have a Volume of 106 up on the board so far this morning as we wait to see if our Ag buyer needs more before the end of the year and before another round of China, China, China, hits the Import Tariffs Button again AND after Trump said this; We “Better To Wait (to adjust the tariffs) Until After The Election”. Going back to what the Silver count is saying, 4,795,000 Troy Ounces of Silver where settled out price-wise, as we wait to see how many of these will become EFP’s that will be transferred over to the “City of No Trust” explained by the Harvey Organ Nightly Update Express.    

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Bill Holter’s Commentary

They’re calling it a gold rush, we call it a bank run…either way it is the same thing in the end!

Gold Is New Obsession for East Europe’s Nationalist Leaders
November 28, 2019

Gold is all that nationalist leaders in Europe’s east can talk about these days.

Just this week, Poland’s government touted its economic might after completing the repatriation of 100 tons of the metal. Over in Hungary, anti-immigrant Prime Minister Viktor Orban has been ramping up holdings of the safe-haven asset to boost the security of his reserves.

Hungary’s Prime Minister Victor Orban Attends The Opening Session Of Parliament

The gold rush mirrors steps by Russia and China to diversify reserves exceeding $3 trillion away from the dollar amid flaring geopolitical tensions with the U.S. Motivations in Europe’s ex-communist wing, however, can vary.

Take the latest example. Former Slovak Premier Robert Fico, who has a shot at returning to power, urges parliament to compel the central bank into bringing home gold stocks stored in the U.K.

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J. Johnson’s Latest – The Biggest Delivery Month In Precious Metals Is Here!
December 2, 2019

Great and Wonderful Monday Morning Folks,   

      We are now in the biggest delivery month in Precious Metals. It used to mean something till all the Algos came in and controlled everything, with the governing bodies saying “thank you very much” for the churned fees they get off of every transaction made, with Gold now at $1,464.30, down $8.40 after being dipped to $1,459.80 with the high at $1,470.60. Silver is Silver, tagging along as if it wasn’t necessary, with its trade at $16.97, down 13.6 cents after it was dipped to $16.895 with the high up at $17.100. With trade wars everywhere, with various nations printing money in order to “stay” a nation everywhere, one would assume (incorrectly) that currencies would be collapsing in purchasing power, and they should be, yet here we are with the wildly printed US Dollar now at 98.24, up 3.8 points after being rallied to 98.32 with the low at 98.205. All of this happened already, before 5 am pst, the Comex open, and the end of London’s trade.    

      In Venezuela, their currency now has Gold gauged at 14,624.70 Bolivar, down only 4 from my last report with Silver at 169.488 down 0.30 Bolivar. In Argentina, where US tariffs are now being applied, Gold is now trading at 87,687.84 Pesos, proving a gain of 153.93 over this 5 day time period with Silver now gauged at 1,015.83 Pesos, showing us a 0.30 A-Peso loss in value. In Turkey, the Lira now has Gold valued at 8,427.81 proving a gain of 26.62 T-Liras with Silver now priced at 97.6612 showing the slightest gain of 0.0998 of a T-Lira. In short last week was all about the bird.    

      December Silver’s Physical demand count now stands at 2,424 fully paid for contracts waiting for receipts and with a Volume of 40 posted up on the board so far and with a trading range between $16.915 and $16.785 with the last price at $16.895. Last Tuesday’s Open Interest in the December Contract tallied 34,496. Wednesday’s numbers totaled 15,991, with Thursday’s (Yes, the US markets were closed, yet if you had a dedicated full-service broker, they could still place your trade in the ICE markets all day long), and Friday’s numbers being unchanged at 4,702. Last Friday was The First Notice Date for Silver bringing us into todays’ number showing a demand for physicals at 12,120,000 ounces standing for delivery. Nothing to worry about here, since the most trusted Criminal Element claims nothing is out of place with their unverifiable warehoused numbers, and up to 9 individuals being charged for manipulation at their Precious Metals trading desk we’ve written about, and still we wait for Blythe Masters and friends in management to be charged by the DOJ (maybe).     

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Bill Holter’s Commentary
Dave Janda vs. the deep state.
Do you remember…it was only a couple of years ago we were called imbeciles for even believing a deep state exists?