Posts Categorized: In The News

Posted by & filed under In The News.

Bill Holter’s Commentary

We wondered over the past weeks “how far” Russia could be pushed…I think we just found out. This response by Mr. Putin is merely telling the West the way it is. Ignore this at your own peril, it is not a warning, it is a statement by a man who is a chess master to a group playing weak checkers…

Kremlin Defies PM’s Midnight Ultimatum And Issues Chilling Warning To Britain Not To ‘Threaten A Nuclear Power’ As Putin Raises The Stakes Over Nerve Agent Attack On Spy In Salisbury
March 13, 2018

Russia last night issued a chilling warning to Britain not to threaten a nuclear power as Kremlin officials ignored Theresa May’s midnight deadline to explain how the nerve agent that poisoned a former spy found its way into Britain.

As Mrs May prepared to unveil retaliatory measures against Moscow, Vladimir Putin’s officials refused to explain how Sergei Skripal was poisoned with the military-grade chemical weapon.

And – in a coded reference to President Putin’s boasts about his nuclear arsenal – Russian officials warned: ‘Any threat to take punitive measures against Russia will meet with a response. The British side should be aware of that.’

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Bill Holter’s Commentary

…and hopefully before he begins to collect taxpayer money in the form of a pension!

Andrew McCabe, a Symbol of Trump’s F.B.I. Ire, Faces Possible Firing
March 14, 2018

WASHINGTON — Attorney General Jeff Sessions is reviewing a recommendation to fire the former F.B.I. deputy director, Andrew G. McCabe, just days before he is scheduled to retire on Sunday, people briefed on the matter said. Mr. McCabe was a frequent target of attack from President Trump, who taunted him both publicly and privately.

Mr. McCabe is ensnared in an internal review that includes an examination of his decision in 2016 to allow F.B.I. officials to speak with reporters about an investigation into the Clinton Foundation. The Justice Department’s inspector general concluded that Mr. McCabe was not forthcoming during the review, according to the people briefed on the matter. That yet-to-be-released report triggered an F.B.I. disciplinary process that recommended his termination — leaving Mr. Sessions to either accept or reverse that decision.

Lack of candor is a fireable offense, but like so much at the F.B.I., Mr. McCabe’s fate is also entangled in presidential politics and the special counsel investigation. He was involved from the beginning in the investigation into the Trump campaign’s ties to Russia. He is also a potential witness in the inquiry into whether Mr. Trump tried to obstruct justice.

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Bill Holter’s Commentary

But what about the pizza parlors that will accept bitcoin up there, you mean that part of it was a hoax?

Elon Musk Warns First Travelers to Mars: ‘Good Chance You’ll Die’
March 12, 2018

At South by Southwest, SpaceX Founder and CEO Elon Musk projected that his first Mars spaceship will be ready for short trips by the first half of next year. He did warn, however, that the first travelers to Mars would likely perish.

“For the early people that go to Mars, it will be far more dangerous,” Musk told HLN on Monday. “I mean, really, it kind of reads like Shackleton’s ad for Antarctica explorers: It’s difficult, dangerous, good chance you’ll die, excitement for those who survive.”

This warning came after a positive declaration: “We are building the first ship, the first Mars or interplanetary ship right now and I think we’ll be able to do short flights, short up and down flights, probably in the first half of next year,” Musk predicted.

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Bill Holter’s Commentary

Probably a wise idea based on how many EFP obligations have built up in London!

Hungary’s Central Bank To Repatriate Its Gold From London
March 9, 2018

The leadership of the Hungarian National Bank (MNB) has decided to bring back home Hungary’s gold reserves. Up to now, 100,000 ounces (3 tons) of the precious metal were stored in London, which is in total worth some 33 billion forint ($130 million) at current gold prices.

The decision seems to be in line with international trends as storage of gold reserves out of the country is now considered risky by more and more central banks. Austrian, German, and Dutch central banks are among those who have recently decided to repatriate their gold reserves. According to MNB, this may also further strengthen market confidence towards Hungary.

MNB has been holding gold reserves since its foundation in 1924. Towards the end of World War II, it had been transported to Austria on the famous Gold Train, captured by the Americans, then repatriated in full in 1946. The highest amount Hungary has ever had was around 65-70 tons at the beginning of the 70s. At the end of the 1980s, however, a decision was made to decrease gold reserve to the lowest possible level and rather to invest in sovereign debts, which as a consequence of the collapse of the Bretton Woods system are considered safer, more liquid and potentially of higher yields. At the beginning of 2010 this tendency changed again and central banks started to accumulate gold as a potential response to the financial crisis.

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Bill Holter’s Commentary

Just another hidden use of debt to make things “look” better…but debt is a double edged sword!

Private Equity’s Trick to Make Returns Look Bigger
March 9, 2018

It is perhaps the most important number in the private-equity world. It is also at risk of being massaged in a way that undermines the industry’s credibility and adds dangers when a downturn comes.

The internal rate of return is the key performance metric published by private-equity firms. A percentage that measures annualized returns, the IRR is based on a complex set of numbers tied to fund cash flows. Investors use IRR to choose which funds to invest in.

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Bill Holter’s Commentary

I wonder what the % borrowing number is for basic life sustenance items…like food?

Posted by & filed under In The News.

Bill Holter’s Commentary

First Russia announced hypersonic weapons, now China. As Bill, Jim, and Dave asked yesterday on the recorded call for subscribers, “if the dollar has been supported by the military, what are the ramifications if that military is usurped?” Now we have to ask that very question again…

China’s Hypersonic Weapons Could Sink US Aircraft Carriers, Pentagon Official Says
March 6, 2018

The era of the American aircraft carrier as the premier embodiment of military might could be ending unless the U.S. develops defenses for the next generation of highly maneuverable, super-fast hypersonic weapons under development by Russia and China, the Pentagon’s top weapons researcher said Tuesday.

Michael Griffin, undersecretary of defense for research and engineering, said China is spending billions to develop a non-nuclear version of the weapons that could render U.S. aircraft carriers vulnerable to attack.

“In round numbers, China has done 20 times as many of hypersonic weapons tests as has the United States over the last decade,” Griffin told the annual McAleese-Credit Suisse Defense Conference.

China in particular, he said, has set itself on a course to become a global power and America’s primary adversary.

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Bill Holter’s Commentary

This is math, not conjecture.

The $233 Trillion Dollar Dark Cloud of Global Debt
March 10, 2018

Global debt has reached record heights without any signs of relief. While central bankers try to explain away the phenomenon of these out-of-control numbers, it’s not much of a mystery. Immediate consumption with the promise of repayment sometime in the future has consequences. Global debt is staggering to the point most of it will never be repaid. Certainly not in our generation. Perhaps by our grandchildren, but as global debt keeps mounting, the picture is doubtful.

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The per capita global debt is $30,000. Who, exactly, will be making repayments?

Economists insist that the 2007 financial crisis could not have been predicted. Yet, all the signs of out-of-control credit where there. Today, economists are repeating the same mantra, despite the spiraling world debt. The question is not if the next bubble will strike. It’s a matter of when.

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Bill Holter’s Commentary

Does this surprise you?

Rigged? NYFed Slams Study Showing Alleged Collusion Between Fed, Banks Around FOMC Meetings
March 11, 2018

Back in 2015, we detailed a study by researchers at Duke University and the University of California at Berkeley pointing to quantitative evidence that The Fed consistently leaks non-public information about its meetings.

The study, first reported by The Daily Californian, considers historical patterns in stock prices relative to the distribution of non-public Fed information. “The Fed uses ‘informal communication channels’ on even-numbered weeks after FOMC meetings,” the report said,pointing to leaks making it into media stories such as the Wall Street Journal as well as showing up in private financial advice.

To support their claims, researchers point to private advice received by financial investors and news reports that contained non-public information discussed in FOMC meetings. “The informal communication can steer market expectations by engaging with private forecasters and newsletters that influence market inference of current and future policy,” the report stated, citing the goal of managing market expectations. “Informal communication facilitates learning by the Fed from the financial sector about how the Fed’s assessment of the economy compares to that of the financial sector and about how markets are likely to react to a particular policy decision.”

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Jim Sinclair’s Commentary

The next great deception and turning of peoples attention will be “They are here,” Spooky Moulder was right. They are of course, but what a great media play.

Bill Holter’s Commentary

A hypersonic test? Proof of weaponry?

Footage Of Mysterious Object Above Ocean Stuns Military Personnel
March 10, 2018

Newly-released video of a mysterious object streaking over the Atlantic Ocean shows the Pentagon needs to take UFOs seriously, a researcher says.

The sensational two-minute clip captured by a camera aboard a US Navy F/A 18 jet flying at 25,000 feet wowed military personnel.

“What the f— is that thing?” shouted the pilot in the video posted online by the To the Stars Academy of Arts and Science, a private research company.

“Oh my gosh dude!” exclaimed the jet’s weapons systems officer.

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Bill Holter’s Commentary

No commentary necessary…

Amazon And Costco Are Selling Emergency Kits That Can Feed A Family For A Year — And It Reveals A Disturbing New Normal In America
March 10, 2018

Americans preparing for anything from a hurricane to “an emergency of Biblical proportions” can find what they need to survive on Costco and Amazon.

The retailers are selling a variety of emergency survival kits, some of which can feed a family of four for up to a year.

Sponsored by BEST WESTERN HOTELS & RESORTS

Options at Costco include a $5,999.99 kit containing 600 cans of food designed to feed four people 12 months, based on a per-person diet of 2,000 calories a day. Costco’s cheapest kit, at $999.99, contains 96 cans and can feed one person for a year on a diet of 1,200 calories a day.

The kits contain freeze-dried broccoli, green beans, corn, dehydrated apples, and other grains and proteins that have a shelf life of up to 30 years.

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Bill Holter’s Commentary

Interesting article!

Gavekal Research CEO: China Is Leading A Once-In-A-Generation Shift To Inflation
March 8, 2018

At the Strategic Investment Conference 2018, Louis Gave, co-founder and CEO of Gavekal Research, talked about “game-changing policy shifts” and massive social changes that are underway in China.

One of the most notable changes is Xi Jinping’s effort to pull the Chinese economy away from pollution-heavy industries. Cement, steel, and textile industries are under pressure—they are forced to cut back production and reduce supply.

The president of the People’s Republic of China initiated the new policies a couple of years ago, said Gave. Now the reform is intensifying.

The China-style “supply-side reform” is exposing an inherent contradiction in our thinking. We believe central banks can always inject liquidity and companies can always get more efficient.

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Posted by & filed under In The News.

Bill Holter’s Commentary

We must wonder what a “strong dollar” would do to this chart?

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Via ZeroHedge

Jim Sinclair’s Commentary

Here is your key to unlocking velocity of money.

Via 1600 Daily – March 6, 2018

‘This Will Be Remembered’
President Donald J. Trump hosted Israeli Prime Minister Benjamin Netanyahu for a bilateral visit at the White House yesterday. The two leaders discussed the imminent move of the U.S. Embassy in Israel to its capital city of Jerusalem, as well as the path to peace for the Middle East.

“I want to tell you that the Jewish people have a long memory,” Prime Minister Netanyahu said. “We remember 70 years ago, President Harry S. Truman was the first leader to recognize the Jewish state. And we remember how a few weeks ago, President Donald J. Trump recognized Jerusalem as Israel’s capital,” he continued.

“Mr. President, this will be remembered by our people throughout the ages. And as you just said, others talked about it. You did it.”

The greatest challenge to the Middle East is encapsulated in one word, says Prime Minister Netanyahu.

‘Needed attention’ on infrastructure
Two top officials in Oklahoma—the state’s Governor, Mary Fallin, along with Secretary of Transportation Mike Patterson—write that “infrastructure improvement is a priority issue because of its direct impact on economic growth and stability as well as the safety and well-being of our citizens.”

The two state leaders make a convincing case:

In 2011, 706 of Oklahoma’s 6,800 highway bridges were structurally deficient. That number is coming down to 187 under Gov. Fallin, and the President’s “plan will allow Oklahoma to continue to prioritize infrastructure projects.”

President Trump’s proposal includes traditional transportation such as roads and transit, but it also supports broadband internet, water and power systems, and other indispensable pieces for a modern infrastructure system.

The Administration’s plan will benefit states such as Oklahoma by directing 25 percent of Federal funding—about $50 billion—for rural projects.

The bottom line? “We support the Trump administration’s infrastructure proposal for starting the dialogue about the need for these improvements,” the pair write.

Learn more about why Oklahoma’s leaders are with President Trump on infrastructure.
America to overtake Russia on oil
The United States will eclipse Russia to become the largest oil producer in the world by 2023, The Wall Street Journal reported yesterday.

This latest headline is yet more evidence that President Trump’s plan to achieve American energy dominance is paying off just 13 months into his term. “Together, we are going to start a new energy revolution—one that celebrates American production on American soil,” the President said last year.

According to the Journal, “U.S. crude production is expected to reach a record of 12.1 million barrels a day in 2023, up about 2 million barrels a day from this year.” What will that mean for America? “Once heavily dependent on imports from the Middle East, the U.S. is getting closer to achieving its goal of producing enough crude to meet domestic demand for refined products like gasoline,” the Journal says.

Learn more: The U.S. will be the world’s largest oil producer by 2023, says IEA

Photo of the Day

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Vice President Mike Pence at AIPAC 2018 | March 5, 2018 (Official White House Photo by D. Myles Cullen)

POTUS TODAY

This afternoon, President Trump will participate in an expanded bilateral meeting with Prime Minister Stefan Löfven of Sweden. Later, the President will meet with Swedish business representatives before holding a joint press conference with Prime Minister Löfven. Watch live at 3:30pm ET.

This morning, the Vice President participated in a phone call with President Petro Poroshenko of Ukraine. The Vice President then travels to Omaha, Nebraska, to deliver keynote remarks at an America First Policies “Tax Cuts to Put America First” event.

Bill Holter’s Commentary

If you have one if these in your home, maybe you should question both your thought process and sanity?

‘There’s A Good Chance I Get Murdered Tonight’: Terrified Amazon Echo Users Reveal Alexa Has Been Emitting ‘Bone Chilling’ Laughs At Random And Is Ignoring Their Commands
March 6, 2018

There are plenty of stories of artificial intelligence gone wrong.

But recent reports from owners of Amazon Alexa devices are being called ‘bone chillingly creepy.’

Some users say their Alexa-enabled gadgets start laughing totally unprompted.

Some owners of Alexa-enabled devices like the Echo (pictured, file photo) say their gadgets are randomly laughing. Alexa is programmed to laugh at jokes, but doesn’t typically giggle at random times

One user reportedly tried to turn the lights off in their home but Alexa repeatedly turned the lights back on, eventually uttering an ‘evil laugh,’ according to BuzzFeed.

Another Echo Dot owner said they told Alexa to turn off their alarm in the morning and she responded by letting out a ‘witch-like’ laugh.

Alexa is programmed in many voice-activated devices with a preset laugh, which can be prompted by asking: ‘Alexa, how do you laugh?’

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Bill Holter’s Commentary

Doesn’t there need to be wage growth to service the gargantuan and growing debt? This is part of the math we speak of when we say “mathematically the system is untenable”…

2017 Wage Growth At Lowest In 9 Years
March 7, 2018

US nonfarm labor costs rose just 0.35% YoY in 2017 – the weakest growth in American worker compensation since 2010…

While the headline revisions to Q4 unit labor costs and productivity were better than expected…

Unit labor costs +2.5% (vs 2.0% exp)…

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Q4 productivity was revised up to unchanged from -0.1%…

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Bill Holter’s Commentary

The title is correct.

Mr. President, If We Don’t Have Gold, We Don’t Have a Country
March 7, 2018

“Passivity is fatal to us. Our goal is to make the enemy passive. … Communism is not love. Communism is a hammer which we use to crush the enemy.” Mao Tse-tung, proclaiming the founding of the People’s Republic of China, 1949

Circumstantial evidence is mounting high that there is something seriously wrong with the amount of gold reportedly owned by the United States government, or more precisely, the American people.

After nearly two generations of being brainwashed into believing that gold is a meaningless relic, western citizens have lost all concept of gold’s crucial monetary importance. If it turns out that the United States does not, in fact, possess and own the gold it claims to, the monetary, fiscal, economic, and humanitarian fallout will be unprecedented in its destructiveness. Unfortunately, the people have no idea what is at stake.

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Jim Sinclair’s Commentary

Today in CT.

 

 

Posted by & filed under In The News.

Bill Holter’s Commentary

Incredible timing!

Kobe Steel Admits Data Fraud Went On Nearly Five Decades, CEO To Quit
March 5, 2018

TOKYO (Reuters) – Kobe Steel Ltd admitted on Tuesday its data fraud has been going on nearly five decades and also revealed new cases of cheating, highlighting the challenges facing the 112-year-old company mired in compliance failures and malfeasance.

Japan’s third-biggest steelmaker said its CEO will step down to take responsibility for the widespread data fraud scandal that came to light last year, although doubts remain over its corporate culture and the possibility of future fines.

Kobe Steel, which supplies steel parts to manufacturers of cars, planes and trains around the world, admitted last year to supplying products with falsified specifications to about 500 customers, throwing global supply chains into turmoil.

The company, in announcing the results from a four-month-long investigation by an external committee, said it had also found new cases of impropriety, widening the total of affected clients to 605, including 222 customers overseas.

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Bill Holter’s Commentary

Someone had to do it!

Street Artist Erects Three Billboards Over Hollywood: “Oscar for Biggest Pedophile Goes To …”
February 28, 2018

The conservative provocateur who calls himself Sabo took aim at Hollywood days before the Academy Awards.

With a nod to the Oscar-nominated Three Billboards Outside Ebbing, Missouri, conservative street artist Sabo has hijacked three billboards in Hollywood to attack the entertainment industry for allegedly shielding pedophiles.

Reminiscent of the signage in the Martin McDonagh film, which is up for seven Oscars including best picture, with black text on a field of red, three consecutive billboards in Hollywood sprang up Wednesday, each calling out the industry.

“And the Oscar for biggest pedophile goes to …” reads one sign.

Another says, “We all knew and still no arrests.”

A third billboard reads: “Name names on stage or shut the hell up!”

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Bill Holter’s Commentary

If this is shocking to you, you have not been paying attention!

Australian Diplomat Whose Tip Launched Russia Probe Has $25 Million Tie To Clintons
March 6, 2018

The Australian diplomat whose 2016 tip resulted in the FBI’s Trump-Russia counterintelligence investigation had previously arranged one of the largest donations to Clinton charities, documents reveal.

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Alexander Downer, formerly Australia’s Foreign Minister, secured $25 million in aid from Australia for the Clinton Foundation’s fight against AIDS – according to decade-old government memos archived on the Australian foreign ministry website, report John Solomon and Alison Spann of The Hill.

A 2006 Memorandum of Understanding (MOU) signed by both Downer and President Clinton outlines a four year project to provide screening and drug treatment to AIDS patients in Asia.

The funds were originally slated for the Clinton Foundation, but were later routed to the Clinton Health Access Initative (CHAI).

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Bill Holter’s Commentary

And we are supposed to follow their lead politically because they are so smart? Sorry folks, Facebook just pulled their own pants down for all to see…and what you see is their true colors! Think of this the next time any Social Justice Warrior tries to sway your common sense!

Facebook Asks Users: Should We Allow Men To Ask Children For Sexual Images?
March 5, 2018

Facebook has admitted it was a “mistake” to ask users whether paedophiles requesting sexual pictures from children should be allowed on its website.

On Sunday, the social network ran a survey for some users asking how they thought the company should handle grooming behaviour. “There are a wide range of topics and behaviours that appear on Facebook,” one question began. “In thinking about an ideal world where you could set Facebook’s policies, how would you handle the following: a private message in which an adult man asks a 14-year-old girl for sexual pictures.”

The options available to respondents ranged from “this content should not be allowed on Facebook, and no one should be able to see it” to “this content should be allowed on Facebook, and I would not mind seeing it”.

A second question asked who should decide the rules around whether or not the adult man should be allowed to ask for such pictures on Facebook. Options available included “Facebook users decide the rules by voting and tell Facebook” and “Facebook decides the rules on its own”.

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Bill Holter’s Commentary

“Plain and simple a war on Christianity”

Court Ruling Could Banish Memorial Crosses from Arlington Cemetery
March 4, 2018

There is a very real possibility that war memorial crosses at Arlington National Cemetery could be in jeopardy, a federal judge warned in a chilling dissent to a court case involving the fate of a 90-year-old monument honoring soldiers in Bladensburg, Maryland.

The 4th Circuit Court of Appeals on Thursday refused to revisit an October decision that declared the 90-year-old “Peace Cross” was unconstitutional because it rests on public property.

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The monument is a memorial to the 49 men from Prince George’s County, Maryland who died fighting for liberty in World War I.

The memorial, paid for by the American Legion and local citizens, consists of a large Celtic cross on a pedestal inscribed with the words “Valor,” “Endurance,” “Courage,” and “Devotion.”

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