Posts Categorized: In The News

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Bill Holter’s Commentary

Hyper leverage and counterparty risk?  Where have we seen that combination before?  “Rat poison squared” …

Crypto’s Crash: 100-to-1 Leverage Goes Poof!

Crypto was in full-blown crash mode last week, wiping out more than $300 billion in market value. TerraUSD, a so-called stablecoin that is supposed to trade at a “stable” $1 value, crashed to a few cents on the dollar. Its sister cryptocurrency, Luna, likewise imploded.

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Bill Holter’s Commentary

We wonder what the Ministry of Truth would have to say about this?


Fake News: Four-Star General Deletes Tweet Passing Off Video Game As Ukraine War Footage

MSNBC “military analyst” and four-star General Barry McCaffrey on Monday shared a clip from 2015 video game “Arma 3”, claiming it to be actual footage of Ukrainian forces downing a Russian aircraft.

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Bill Holter’s Commentary

Pastor Stanley asks some questions in a world where most things do not add up anyway?

Is There A Relationship Between A Lack Of Baby Formula, The Abortion Industry And An Overturned Roe v. Wade?

The New York Post reported yesterday…’The former head of the Food and Drug Administration on Sunday said problems at the shuttered Michigan plant that produced baby formula date “back many years” and acknowledged that “more aggressive action” should have been taken to routinely inspect the facility .’…

That means that the FDA KNEW about the problems at the plant run by Abbott Nutrition as the baby formula problem predated the recent plant closure by a matter of years. They could have done something years ago and did nothing.

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Bill Holter’s Commentary

Financial engineering gone bad.  On the bright side, there is still over $1 quadrillion of financial engineering still waiting to be tested!

$3 billion in bitcoin was sold in a last-ditch attempt to save UST stablecoin from collapse

Investors have been eager to find out what happened to the $3 billion in bitcoin bought up by crypto firm Terra to back its failed stablecoin. Now, they’ve got their answer.

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Bill Holter’s Commentary

How about that margin debt?

‘I hope to die on Mars. Just not on impact.’ Elon Musk. (1971-    ).

Bill Holter’s Commentary

So much for sanctions?  JB

At Least 20 European Gas Buyers Open ‘Rubles-For-Gas’ Account With Gazprombank

Europe’s anti-Russian virtue signaling and harsh language are nothing more than a facade as the number of European companies opening accounts with Gazprombank JSC has doubled as President Vladimir Putin demands rubles for natural gas. 

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Bill Holter’s Commentary

In what world?

University Midwife Students Taught To Care For Men Giving Birth ‘Through Their Penis’

A British university is teaching its midwifery students how to care for males giving birth.

Feminism news website Reduxx revealed teaching materials from Edinburgh Napier University which state the person giving birth may still have “external male genitalia” after transitioning.

The skills workbook on “catherization” informs students the person giving birth may be a male.

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Bill Holter’s Commentary

Who could have seen this one coming?

There Goes The Housing Market

Since the Fed is rushing to hike the US into a deep recession just so inflation will (supposedly) slide ahead of the November midterms, in line with Biden’s demands, the housing market is eager to comply with Powell’s and Biden’s handlers’ wishes, and is leading the charge into the economic abyss, as we discussed most recently here, and as the latest nationwide survey of new home builders confirms.

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Bill Holter’s Commentary

For your perusal.

‘It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair…’ Charles Dickens. (1812-1870). A Tale of Two Cities.

Bill Holter’s Commentary

Pastor Stanley talks about the digital air situation…

The Modern Version of A Run On The Banks Starts As Tether and TerraUSD Lose Their $1 peg

Just one month ago on April 9, 2022 I penned an article titled ‘Tether Is Not A Stable StableCoin and Will Collapse Crypto’. In that article, I detail the previously and widely unreported instabilities and lack of financial integrity that the organization of Tether possesses. Today we wake up to find that not only has ‘StableCoin’ TerraUSD has soundly had its value trounced in the last 24 hours but now the StableCoin kingpin Tether had fallen as low as $.94 early Thursday.

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Bill Holter’s Commentary

Weapons of mass financial destruction …

Senator Tells Treasury Secretary Yellen that Crypto Market Is Now Larger than Subprime Market that Triggered Global Financial Crisis

Yesterday, the Senate Banking Committee held a hearing to take testimony from Treasury Secretary Janet Yellen on F-SOC’s annual report to Congress and what F-SOC sees as the biggest threats right now to financial stability.

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Bill Holter’s Commentary

They are warning you ahead of time about the “…aaand it’s gone” moment?  As a reminder, one owns gold and silver precisely because they cannot go “bankrupt” in a world that mathematically will!

Coinbase Admits Users May Lose Crypto If Exchange Goes Bankrupt

Hidden away in Coinbase Global’s disappointing first-quarter earnings report—in which the U.S.’s largest cryptocurrency exchange reported a quarterly loss of $430 million and a 19% drop in monthly users—is an update on the risks of using Coinbase’s service that may come as a surprise to its millions of users.

In the event the crypto exchange goes bankrupt, Coinbase says, its users might lose all the cryptocurrency stored in their accounts too.

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Bill Holter’s Commentary

Stable?

Terra UST Stablecoin Dives Below $1 Peg; Luna Cryptocurrency Down 80%

The two main tokens from embattled crypto project Terra went into free fall Wednesday.

TerraUSD, or UST, plunged to as low as 26 cents. The so-called stablecoin is meant to maintain a 1-to-1 peg with the U.S. dollar. It was last trading at around 68 cents, according to Coin Metrics data.

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Bill Holter’s Commentary

In case you hadn’t noticed, mortgage rates have gone from the lowest they’ve been in 13 years to the highest they have been in 13 years… within the last six months.  It does matter!

‘The more I see of the Moneyed Classes, the more I understand the guillotine.’ George Bernard Shaw. (1856-1950).

Bill Holter’s Commentary

Let me count the ways?  This only scratches the surface …

How Gold Is Manipulated

Is there gold price manipulation going on? Absolutely. There’s no question about it. That’s not just an opinion.

There is hard statistical evidence to make the case, in addition to anecdotal evidence and forensic evidence. The evidence is very clear, in fact.

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Bill Holter’s Commentary

The Treasury Secretary actually said that banning abortion is damaging to the economy?  Is this the same as the head of the FDA claiming “misinformation is the leading cause of death in the US”?  Or Pelosi claiming that further government spending will lower inflation?  The truth is, we definitely need some adults in Washington who understand cause and effect rather than goat heads that are either too dumb to understand or are just outright lying?

Yellen: Banning abortion would be ‘very damaging’ to U.S. economy

The Treasury chief said the Roe ruling helped allow women to finish school and increase their earning potential, leading to higher workforce participation.

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Bill Holter’s Commentary

And housing is supposed to be different?

Used Car Prices Are Crashing At A Near Record Pace

It’s been a challenging year for consumers. And with the highest inflation in four decades, some are paring back spending on big-ticket items, such as used automobiles. After jumping 90%, since the start of the virus pandemic, used car prices are cooling as buyers balk due to affordability issues stemming from soaring interest rates. 

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Bill Holter’s Commentary

My one word comment …BULLSHIT!

FDA Chief Claims “Misinformation” is Leading Cause of Death in the United States

During an appearance on CNN, FDA chief Dr. Robert Califf asserted that the leading cause of death in the United States is online “misinformation.”

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