Posts Categorized: In The News

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Bill Holter’s Commentary

Richard Russell called it “inflate or die”…

It Didn’t Take Long For The U.S. To Rack Up Another Trillion Dollars Of Debt
March 20, 2018

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It has taken a little more than six months for the U.S. national debt to grow by a trillion dollars, a quick clip that has little precedent over the nation’s recent history.

Last week, the debt hit $21 trillion for the first time, rising from the $20 trillion mark it notched on Sept. 8. The debt is guaranteed to go higher, with President Donald Trump having signed a debt-limit suspension in February, allowing unlimited borrowing through March 1, 2019. Economists expect wider deficits to result from the tax cut Trump signed in December.

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Bill Holter’s Commentary

IT’S WAR!

Do you wonder about the timing? Monday happens to be the 26th, need we say more?

China Responds To Trump Tariffs With Proposed List Of 128 US Products To Target
March 22, 2018

China is ‘firing back’ after US announces tariffs on steel and aluminum China is ‘firing back’ after US announces tariffs on steel and aluminum

12 Hours Ago | 04:15

The world’s second-largest economy has responded to President Donald Trump’s controversial trade tariffs.

China’s commerce ministry proposed a list of 128 U.S. products as potential retaliation targets, according to a statement on its website posted Friday morning.

The U.S. goods, which had an import value of $3 billion in 2017, include wine, fresh fruit, dried fruit and nuts, steel pipes, modified ethanol, and ginseng, the ministry said. Those products could see a 15 percent duty, while a 25 percent tariff could be imposed on U.S. pork and recycled aluminium goods, according to the statement.

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Bill Holter’s Commentary

…they had to pass it to see what’s in it!

Congressmen Had 1,000 Minutes to Read 2,232-Page $1.3T Bill
March 22, 2018

Members of the House of Representatives had 1,000 minutes—overnight—to read a 2,232-page bill that spends $1.3 trillion.

On Wednesday, March 21, the House Appropriations Committee put out a press release headlined “Government-Wide Funding Legislation Released.”

“The bill contains the full legislation and funding for all of the 12 annual Appropriations bills,” said the release. “It totals $1.3 trillion, including $78.1 billion in funding for the Global War on Terror (GWOT)/Overseas Contingency Operations (OCO). Total base funding, excluding OCO and emergencies, is $1.2 trillion.”

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Bill Holter’s Commentary

The rule of law making a comeback!

Judiciary House PDF

Posted by & filed under In The News.

Bill Holter’s Commentary

Oh the irony…!

EXCLUSIVE: Fired FBI Official Authorized Criminal Probe Of Sessions, Sources Say
March 21, 2018

Nearly a year before Attorney General Jeff Sessions fired senior FBI official Andrew McCabe for what Sessions called a “lack of candor,” McCabe oversaw a federal criminal investigation into whether Sessions lacked candor when testifying before Congress about contacts with Russian operatives, sources familiar with the matter told ABC News.

Democratic lawmakers have repeatedly accused Sessions of misleading them in congressional testimony and called on federal authorities to investigate, but McCabe’s previously-unreported decision to actually put the attorney general in the crosshairs of an FBI probe was an exceptional move.

One source told ABC News that Sessions was not aware of the investigation when he decided to fire McCabe last Friday less than 48 hours before McCabe, a former FBI deputy director, was due to retire from government and obtain a full pension, but an attorney representing Sessions declined to confirm that.

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Bill Holter’s Commentary

Showing how to use a firearm (soon to be totally necessary) in a safe manner…is now strike three? Japan wished for this…China must be loving this!

YouTube Bans Firearms Demo Videos, Entering the Gun Control Debate
March 21, 2018

YouTube, a popular media site for firearms enthusiasts, this week quietly introduced tighter restrictions on videos involving weapons, becoming the latest battleground in the U.S. gun-control debate.

YouTube will ban videos that promote or link to websites selling firearms and accessories, including bump stocks, which allow a semi-automatic rifle to fire faster. Additionally, YouTube said it will prohibit videos with instructions on how to assemble firearms. The video site, owned by Alphabet Inc.’s Google, has faced intense criticism for hosting videos about guns, bombs and other deadly weapons.

For many gun-rights supporters, YouTube has been a haven. A current search on the site for “how to build a gun” yields 25 million results, though that includes items such as toys. At least one producer of gun videos saw its page suspended on Tuesday. Another channel opted to move its videos to an adult-content site, saying that will offer more freedom than YouTube.

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Bill Holter’s Commentary

Martin Armstrong, trying to rewrite history again! He says, “Besides that, what is very clear is that this is based on the assumption that money is fiat. The USA began to issue paper money in 1861. During the period that Mayer lived, the money supply was primarily coined”. We would ask Mr. Armstrong if he remembers Continentals and the saying “not worth a Continental”? Or the fiat currencies issued by the individual colonies? We would also ask if he has any memory at all of the French Revolution where a few heads actually rolled because of debasement and over issuance of fiat currency…and the resulting hyperinflation? We are pretty sure these events occurred during A.M. Bauer Rothschild’s hay day (1770-1790’s) according to any history book we’ve ever read…but then again, Martin also told you that gold was DE valued in 1933 and actually tried to rationalize it, so what would you expect? Will you also change this article after being called out for the truth? If you are going to be the smartest man in the room, we would suggest your work is backed up by real history and not fake rewritten history slung from your hip! Best regards, Bill Holter, James Sinclair, David…from who knows where?

P.S. James, et al secured your freedom, is this something also forgotten?

The Unsound Theory of Inflation
March 19, 2018

QUESTION: You defend central banks yet the Rothschilds when clearly Mayer Amschel Bauer Rothschild said: “Give me control of a nation’s money and I care not who makes it’s laws.” Any comment?

SL

ANSWER: No problem. He never said any such thing it was completely made up. It was attributed to him in 1838 when he was already dead for 26 years. Besides that, what is very clear is that this is based on the assumption that money is fiat. The USA began to issue paper money in 1861. During the period that Mayer lived, the money supply was primarily coined. The only plausible reference would be implied that he debased them. He was a banker and never produced the coinage.

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Bill Holter’s Commentary

Sorry but the British are idiots at least in this instance and certainly not even politically correct in this case…what a travesty! Again, truth bombs will matter this year, many of them I believe will have to do with pedophiles, those that use the Hillary defence or not!

Muslim Abuser Who ‘Didn’t Know’ That Sex With A Girl Of 13 Was Illegal Is Spared Jail
February 1, 2016

A muslim who raped a 13-year-old girl he groomed on Facebook has been spared a prison sentence after a judge heard he went to an Islamic faith school where he was taught that women are worthless.

Adil Rashid, 18, claimed he was not aware that it was illegal for him to have sex with the girl because his education left him ignorant of British law.

Yesterday Judge Michael Stokes handed Rashid a suspended sentence, saying: ‘Although chronologically 18, it is quite clear from the reports that you are very naive and immature when it comes to sexual matters.’

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Jim Sinclair’s Commentary

A dirty job, but someone had to do it.

Judicial Watch Sues for Records of Clinton State Department Protocol Officer
MARCH 21, 2018

(Washington, DC) – Judicial Watch announced today that it sued the U.S. Department of State for emails, calendar entries and other information in the electronic file of Dennis Cheng, who was Deputy Chief of Protocol for two years under former Secretary of State Hillary Clinton (Judicial Watch v U.S. Department of State (No. 1:18-cv-00221)).

Cheng was deputy chief of protocol of the United States from July 2009-July 2011. Following his tenure at the State Department, Cheng joined the Clinton Family Foundation as director of development, and then in April 2015 became finance director of the Hillary for America presidential campaign.

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Jim Sinclair’s Commentary

Here is the major rat in the woodpile! It cannot be made less dangerous as bankruptcy is now a certainty for the industry.

Congress Quietly Formed A Committee To Bail Out 200 Pension Funds
March 21, 2018

The US pension system has gotten so bad, Congress is actually planning for its failure.

As the government was working on the recent, new budget deal and subsequent boost in government spending, Congress quietly snuck in a provision that forms a committee which would use federal funds to bail out as many as 200 “multiemployer” pension plans – where employers and labor unions jointly provide retirement benefits to employees.

As is often the case, this rescue “plan” is too little too late. The US pension system is beyond repair. And if you’re depending on pension income to carry you through retirement, it’s time to consider a Plan B.

Before explaining how dire the situation actually is, let’s take a step back…

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Jim Sinclair’s Commentary

Do you want to drain the swamp? It is quite simple by following this strategy.

Trump Indicts 18,000, Including Hillary Clinton, Harry Reid

March 20, 2018

INDICTMENT: WE THE PEOPLE Charge Hillary Clinton, Harry Reid, BLM Special Agent in Charge Daniel Love for Utah and Nevada, Attorney General Loretta Lynch, FBI Director James Comey… with: RICO. Murder, wrongful prosecution, abuse of powers and subversion…

According to the NSA whistleblower, William Benney, the National Security Agency (NSA) has never been a signal intelligence agency, but a criminal organization. Approximately 99 percent of its data is never processed, but the 1 percent that is processed is used to spy on and blackmail Congress to keep its budget alive, as it continues to waste our taxed dollars.

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Jim Sinclair’s Commentary

Secure your retirement. Invest in nothing whatsoever.If this seems illogical to you then you are an old fuddy duddy, who still thinks there are economic laws.

Why Is There A Limited Amount Of Bitcoin Available?
December 10, 2017

Ellery Davies, Co-chair: Cryptocurrency Standards Asso. Producer & Host: The Bitcoin Event

Think of Bitcoin as a polynomial formula with 21 million whole number solutions (a simplified analogy, but accurate for this point). As of today (November 8, 2015), 14,820,000 bitcoin have been mined (i.e. these many answers have been solved, so far)—a bit over ⅔ of all solutions. Here is a real time graph of the number of solutions over time.

So the answer to your question is that there are limited amount of bitcoin, because its creator designed it to be capped with a total count of 21 million. In practice, some Bitcoin have been lost. Since there is currently no way to prove and declare the loss of some coins, there will be somewhat fewer available—even after all coins are mined.

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Jim Sinclair’s Commentary

Please think about the non-correlation between US official stats and the 70s disciplined stats alone from Mr. Williams. They logically should agree. Something is very wrong…perhaps fake stats news.

The important thing about Shadow Stats’ method is if we were in the “grand recovery”, you should see at least sideways movement in Mr. Williams stats. As there is little, if any, correlation somebody is fiddling…

– Subject to Likely, Downside Annual Benchmark Revisions this Coming Friday, February Industrial Production Jumped by 1.1% (0.9% Net of Revisions), Reflecting Strength in Manufacturing and Mining
– Given a Record 122 Months of Non-Expansion, Manufacturing Still Holds Shy of Its Pre-Recession Peak by 3.7% (-3.7%)
– Manufacturing Gains Likely Reflected Some Inventory Rebuilding Against Weakening Sales, As Disaster-Recovery Bloat Passes from the System
– Continuing in Nonsensical Monthly Booms and Busts, February Housing Starts Activity Fell by 7.0% (-7.0%),

Still Shy by 45.6% (-45.6%) of Recovering Its Pre-Recession Peak
– First-Quarter 2018 GDP Outlook Continued to Weaken
– Nonetheless, the FOMC Appears Set for a Rate Hike on Wednesday

“No. 941: February Industrial Production and Housing Starts”

www.shadowstats.com

Fed To The Rescue
March 20, 2018

All markets go up and down. That’s how they discover prices – always guessing… always adjusting… over-optimistic one day, full of gloom and doom the next.

But there’s something different about this market. The Dow has gone up from 1,000 in 1982… to more than 24,000 today.

Three times the market has tried to correct – in 1987, in 2000, and in 2008. And three times the Fed has “come to the rescue” with more cash and credit, slashing interest rates and goosing up stock and bond prices through so-called “quantitative easing” programs.

And the next time the market tries to correct… which could happen any day… the Fed will want to cut rates again to stimulate the flow of more cash and credit.

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Bill Holter’s Commentary

Some cartoons are so obvious that they aren’t funny?

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Bill Holter’s Commentary

“Millennials”, the first generation ever to protest FOR their rights to be taken away. Of course, if we actually had an education system as opposed to an indoctrination system…these kids might have learned that every modern day genocide was versus an unarmed population. All I can say is WOW!

March For Our Lives Receives Permits For DC Gun Control Rally
March 13, 2018

The rally against gun violence led by survivors of the Parkland, Fla., school shooting has been granted permits to host as many as 500,000 people in downtown Washington, D.C.

March For Our Lives will begin at noon on Saturday, March 24, The Washington Post reported Tuesday. It is being organized by survivors of the Marjory Stoneman Douglas High School mass shooting, in which 17 people were killed on Valentine’s Day.

National Park Service spokesman Mike Litterst told The Washington Post an application was approved for usage of sidewalks along Pennsylvania Avenue NW between Third and 12th streets; sidewalks along Constitution Avenue NW between First and Ninth streets; green space between Constitution Avenue, Pennsylvania Avenue and Third Street NW; and John Marshall Park, the U.S. Navy Memorial and Freedom Plaza.

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Bill Holter’s Commentary

Remember, we have long told you “food does not grow on grocery store shelves”. Distribution of food depends ENTIRELY on credit, these point of sale stores are only one small part of your loaf of bread on the table!

Supermarket Bankruptcies Are Beginning to Pile Up
March 19, 2018

This is how the grocery industry lives now.

Regional chains are filing for bankruptcy. European-born discounters are expanding, forcing competitors to keep their own prices low. And Kroger Co. and Walmart Inc., the two largest grocers in the U.S., are investing in technology and expanding delivery as they try to fend off an incursion by Amazon.com Inc.

It’s a bleak outlook for a sector that was supposed to be rebounding this year. A historic bout of food deflation — which fueled a price war in the past two years — has ended, but efforts to sell more groceries online are gobbling up investment dollars. And some well-known names are crying uncle.

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Bill Holter’s Commentary

What a shock!

Ex-Obama Campaign Director Drops Bombshell Claim on Facebook: ‘They Were on Our Side’
March 19, 2018

A former Obama campaign official is claiming that Facebook knowingly allowed them to mine massive amounts of Facebook data — more than they would’ve allowed someone else to do — because they were supportive of the campaign.

In a Sunday tweet thread, Carol Davidsen, former director of integration and media analytics for Obama for America, said the 2012 campaign led Facebook to “suck out the whole social graph” and target potential voters. They would then use that data to do things like append their email lists.

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Bill Holter’s Commentary

I can still remember watching “The FBI…in color” in the late 1960’s on Sunday nights and thinking “how cool”. What a shock it would have been at eight years old to know the head of the FBI’s wife ran for office and was paid by one or the other party’s? So much for the blindfolded lady holding the scales…? Please don’t get me wrong, it matters not “which party”, I only seek truth…and truth only!

Trump Reportedly Turned On His Acting Fbi Director And Mocked His Wife In A Phone Call Right After He Fired James Comey
January 29, 2018

President Donald Trump vented to the Andrew McCabe and mocked his wife in a phone call immediately after firing James Comey as FBI director in May, NBC News reported Monday.

McCabe, the acting director at the time, later became the deputy director of the bureau. He left the FBI on Monday.

Multiple people familiar with the call told NBC News that Trump called McCabe after becoming furious about footage that showed Comey boarding a government-funded plane to Washington, DC, after his firing, which he learned of at an event in Los Angeles.

The sources said that Trump demanded to know why Comey was allowed to take such a flight and that McCabe told the president he had not been asked to authorize the flight but would have if he were.

That was when Trump turned silent for a moment and then suggested to McCabe that he ask his wife how it felt to be a loser, the people said. Jill McCabe ran as a Democrat for a Virginia Senate seat in 2015 but lost.

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Bill Holter’s Commentary

Flynn bankrupted himself by hiring lawyers to defend against Mueller and company…one can only hope McCabe and co conspirator Comey arrive at the same fate. Come to think of it, with the truth bombs we envision, we wish for the same fate for THE MANY who have lead us down the path of public delusion…

McCabe Gave Interview, Handed Over Trump Memos To Mueller
March 17, 2018

Update: Well, just as Comey had a personal “leaker” to deliver his Trump-memos to the NYT, so McCabe had found a quick line of communication to the press involving “confidential” matters surrounding the Mueller probe, and Axios reports, McCabe has met with special counsel Robert Mueller’s team and has turned over memos detailing interactions with President Trump, “according to a source familiar with the exchange.”

Axios’ source reveals that the memos include corroboration by McCabe of Comey’s account of his own firing by Trump, as well as an account of at least one in-person meeting with Trump, which however considering McCabe was fired for perjury – among other things – may not carry quite as much weight.

McCabe had previously alluded to the memos in the statement after his firing, in which he said: “My testimony to the House Intelligence Committee revealed that I would corroborate former Director Comey’s accounts of his discussions with the President.”

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Bill Holter’s Commentary

Are you surprised? Don’t be, this is how “they” take care of each other…and the music just plays on I guess?

Andrew Mccabe Was Just Offered A Job By A Congressman So He Can Get His Full Retirement. And It Just Might Work
March 17, 2017

That’s one way of protesting Andrew McCabe’s firing as deputy FBI director, roughly a day before he was set to retire: At least one Democratic congressman has offered McCabe a temporary job so he can get full retirement benefits — and McCabe appears to be considering.

Rep. Mark Pocan (D-Wis.) announced Saturday afternoon that he has offered McCabe a job to work on election security in his office, “so that he can reach the needed length of service” to retire.

“My offer of employment to Mr. McCabe is a legitimate offer to work on election security,” Pocan said in a statement. “Free and fair elections are the cornerstone of American democracy and both Republicans and Democrats should be concerned about election integrity.”

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Bill Holter’s Commentary

We went into Iraq based on nonexistent WMD’s.  Does Syria actually gas their own people?  The media screams they do which is probably good enough reason on its own to believe they do not …This is so dangerous!

Russia Claims US Deploys Warships For Imminent Attack On Syria, Trains Militants For False Flag Attack
March 17, 2018

Last April, in one of the Trump administration’s first “diplomatic” ventures, the US fired 59 Tomahawk missiles on Syria, in stated retaliation for the latest alleged chemical attack by the Assad regime, the same “false flag” excuse which was used by the US to officially enter the conflict back in 2013 when military tensions between the US and Russia nearly resulted in a regional war.

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Bill Holter’s Commentary

Britain? This can be said for most places in the world today…50 years ago not so much. This brings me back a couple of weeks listening to the rocket scientists in the row behind me. “We no longer have to worry about our next meal like they did 100 years ago, now we just go to the store”. Is that the store where elves stack and grow food on the shelves I wonder?

Britain ‘Four Meals Away From Anarchy’ If Cyber Attack Takes Out Power Grid
March 17, 2018

British cities would be uninhabitable within days and the country is only a few meals from anarchy if the National Grid was taken down in a cyber attack or solar storm, disaster and security experts have warned.

Modern life is so reliant on electricity that a prolonged blackout would quickly lead to a loss of water, fuel, banking, transport and communications that would leave the country “in the Stone Age”.

The warning comes weeks after the Defence Secretary, Gavin Williamson, said Russia had been spying on the UK’s energy infrastructure and could cause “thousands and thousands and thousands” of deaths if it crippled the power supply.

America this week blamed the Russian government for a campaign of cyber attacks stretching back at least two years that targeted the US power grid.

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Bill Holter’s Commentary

This is a tragedy, I believe this one will lead not to the engineers but rather to the suppliers. We will see?

FDOT Warned About FIU Bridge Cracking 2 Days Before Fatal Collapse – But Didn’t Hear Voicemail
March 16, 2018

The Florida Department of Transportation announced the agency was warned about cracking in the Florida International University pedestrian bridge, two days before it collapsed, killing at least six people, but they didn’t listen to the voicemail until Friday.

The following voicemail was left on a landline Tuesday by W. Denney Pate, FIGG’s lead engineer responsible for the FIU pedestrian bridge project:

“Hey Tom, this is Denney Pate with FIGG bridge engineers. Calling to, uh, share with you some information about the FIU pedestrian bridge and some cracking that’s been observed on the north end of the span, the pylon end of that span we moved this weekend. Um, so, uh, we’ve taken a look at it and, uh, obviously some repairs or whatever will have to be done but from a safety perspective we don’t see that there’s any issue there so we’re not concerned about it from that perspective although obviously the cracking is not good and something’s going to have to be, ya know, done to repair that. At any rate, I wanted to chat with you about that because I suspect at some point that’s gonna get to your desk. So, uh, at any rate, call me back when you can. Thank you. Bye.”

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Bill Holter’s Commentary

The word for this is unsustainable…

Trends for New Home Sale Prices at the Beginning of 2018
March 12, 2018

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Bill Holter’s Commentary

I guess for some it comes down to “who’s your Daddy”? A little research into Mr. Biden’s son will lead you to the Ukraine and energy…wait, didn’t they have a coup a few years back? Surely the U.S. did not “meddle” there…?

Inside The Shady Private Equity Firm Run By Kerry And Biden’s Kids
March 15, 2018

My frustration,” writes Peter Schweizer in his new book, “Secret Empires: How the American Political Class Hides Corruption and Enriches Family and Friends,” “is not that the solid reporting on Trump has been too tough, but that the reporting on the Obama administration has been way too soft or in some cases nonexistent.” The author of the 2016 sensation “Clinton Cash” says Trump and his children didn’t invent the blurring of government and business, and details a number of ethical violations on both sides of the political aisle. One example: the little-noticed private equity firm run by the sons of Democrats Joe Biden and John Kerry, as detailed in this exclusive first excerpt.

Joe Biden and John Kerry have been pillars of the Washington establishment for more than 30 years. Biden is one of the most popular politicians in our nation’s capital.

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Jim Sinclair’s Commentary

Some logic and statistics seem not to be in accord.

That, however, is the new normal.

Mr. Williams shares with us again.

– As a Weakening Economy Threatens Fed Policy, Watch the Dollar!
– Headline Retail Sales Helped Put the Lie to the Happy Jobs Report; Recession Signal Remained Heavily in Place
– February Real Retail Sales Declined Month-to-Month by 0.22% (-0.22%), but the Monthly Decline was 0.48% (-0.48%), Net of Seasonal-Factor Reporting Inconsistencies
– With Three Consecutive Monthly Contractions in Place Real Sales Are on Solid Course for a First-Quarter Contraction, Increasingly, So Is the GDP
– Real Average Weekly Earnings on Track for Third-Consecutive Quarterly Decline, the Fifth Headline Quarter-to-Quarter Decline in the Last Six Quarters
– A Leading Indicator to Broad Economic Activity, February Real Annual Growth in Money Supply M3 Slowed to a Five-Month Low
– Unadjusted Annual CPI-U Inflation Rose to 2.21% in February, from 2.07% in January, Annual PPI Inflation Rose to 2.77% from 2.69%, Well Shy of Common Experience, Still Dominated by Irregular Volatility in Adjusted, Monthly Gasoline Prices
– Fed’s Targeted 2.0% “Core” Inflation Held Range-Bound at 1.8% for the 11th Month

“No. 940: February Retail Sales, Real Income, CPI, PPI and the Financial Markets”

http://www.shadowstats.com