Posts Categorized: In The News

Posted by & filed under In The News.

Bill Holter’s Commentary

Yield spreads do matter, they ALWAYS do!

No Recession? All Of A Sudden Yield Spreads Are Collapsing

No recession. That was the recent declaration from Treasury Secretary Janet Yellen, noting that consumer spending, industrial output, credit quality, and other indicators don’t suggest economic risk.

More…

Bill Holter’s Commentary

Of course we know why, votes!  But we’ll bet you didn’t know that student loans are THE largest “asset” held by the federal govt?

The Biden administration is considering forgiving the student debt for millions of Americans. Here’s why

The Biden administration is considering wiping out hundreds of billions of dollars in student debt. Its announcement could come as soon as next month.

More…

Bill Holter’s Commentary

General Flynn posted this letter from Missouri’s Attorney General to Christopher Wray, head of the FBI.  This bears watching!

One of the best and smartest letters to the FBI from a State AG ever. Standing up for his state’s citizens is what every State Attorney General must do. Serve your citizens. And the FBI needs to figure out what’s next because the people of America no longer trust you, your institution or your leaders.

Missouri AG, Eric Schmitt’s letter is spot on!!!

Bill Holter’s Commentary

Our pal Dismal Dave from down under could use our prayers as he almost bit the dust last week. He is recovering as you can see below.  We wish him Godspeed in his recovery!  

Dave’s Message

Thanks, Bill! Loads better. Great Doctor and hospital!

This is what I just sent out to my boys and the rest of the family…

How your Mother saved my life.

So, there we were, your Mother and I, at our regular PROBUS monthly meeting, sitting listening to a great guest speaker, when I felt a tad dizzy.

Next thing I knew, I had dropped sideways into her lap, with her pounding my chest, then blowing air into my mouth. (it’s what ICU nurses of long-standing, do. (other ones stop giving a presentation, and take a pulse; 8!!!)).

Because of this incredible good fortune, I was able to sit up and wonder just what I had done to deserve that!

By that time, the ambulance had arrived and my coronary artery bypass surgery adventure had begun.

Not for the faint-hearted…oh…wait

‘bout sums it up; will be quiet for a while, Bill!

Posted by & filed under In The News.

Bill Holter’s Commentary

Yield spreads do matter, they ALWAYS do!

No Recession? All Of A Sudden Yield Spreads Are Collapsing

No recession. That was the recent declaration from Treasury Secretary Janet Yellen, noting that consumer spending, industrial output, credit quality, and other indicators don’t suggest economic risk.

More…

Bill Holter’s Commentary

Of course we know why, votes!  But we’ll bet you didn’t know that student loans are THE largest “asset” held by the federal govt?

The Biden administration is considering forgiving the student debt for millions of Americans. Here’s why

The Biden administration is considering wiping out hundreds of billions of dollars in student debt. Its announcement could come as soon as next month.

More…

Bill Holter’s Commentary

General Flynn posted this letter from Missouri’s Attorney General to Christopher Wray, head of the FBI.  This bears watching!

One of the best and smartest letters to the FBI from a State AG ever. Standing up for his state’s citizens is what every State Attorney General must do. Serve your citizens. And the FBI needs to figure out what’s next because the people of America no longer trust you, your institution or your leaders.

Missouri AG, Eric Schmitt’s letter is spot on!!!

Bill Holter’s Commentary

Our pal Dismal Dave from down under could use our prayers as he almost bit the dust last week. He is recovering as you can see below.  We wish him Godspeed in his recovery!  

Dave’s Message

Thanks, Bill! Loads better. Great Doctor and hospital!

This is what I just sent out to my boys and the rest of the family…

How your Mother saved my life.

So, there we were, your Mother and I, at our regular PROBUS monthly meeting, sitting listening to a great guest speaker, when I felt a tad dizzy.

Next thing I knew, I had dropped sideways into her lap, with her pounding my chest, then blowing air into my mouth. (it’s what ICU nurses of long-standing, do. (other ones stop giving a presentation, and take a pulse; 8!!!)).

Because of this incredible good fortune, I was able to sit up and wonder just what I had done to deserve that!

By that time, the ambulance had arrived and my coronary artery bypass surgery adventure had begun.

Not for the faint-hearted…oh…wait

‘bout sums it up; will be quiet for a while, Bill!

Posted by & filed under In The News.

Bill Holter’s Commentary

Of course they do.  Just like they want to redefine gender, free speech, the definition of vaccine, and anything else you can think of including The Constitution!  You can call a duck anything you’d like but does not change the fact that it is still just a duck …or recession in this case.

Ahead of Expected Dismal Economic Data, White House Seeks to Redefine ‘Recession’

White House economic advisers issued a note on Thursday clarifying the definition of recession prior to the release next week of probably dismal economic data.

More…

Posted by & filed under In The News.

Bill Holter’s Commentary

Of course they do.  Just like they want to redefine gender, free speech, the definition of vaccine, and anything else you can think of including The Constitution!  You can call a duck anything you’d like but does not change the fact that it is still just a duck …or recession in this case.

Ahead of Expected Dismal Economic Data, White House Seeks to Redefine ‘Recession’

White House economic advisers issued a note on Thursday clarifying the definition of recession prior to the release next week of probably dismal economic data.

More…

Posted by & filed under In The News.

Bill Holter’s Commentary

I have no idea who to credit other than Tom Petty?

The Nightwatchman Once upon a time, the government had a vast scrap yard in the middle of a desert.  Congress said, “Someone may steal from it at night.”  So they created a night watchman position and hired a person for the job. Then Congress said, “How does the watchman do his job without instruction?”  So they created a planning department and hired two people, one person to write the instructions, and one person to do time studies.

Then Congress said, “How will we know the night watchman is doing the tasks correctly?”  So they created a Quality Control department and hired two people.  One was to do the studies, and one was to write the reports.

Then Congress said, “How are these people going to get paid?”  So they created two positions: a time keeper and a payroll officer, then hired two people.

Then Congress said, “Who will be accountable for all of these people?”  So they created an administrative section and hired three people, an Administrative Officer, Assistant Administrative Officer and a Legal Secretary.

Then Congress said, “We have had this command in operation for one year, and we are $918,000 over budget, we must cut back.”  So they laid off the night watchman. 

NOW slowly, let it sink in.

Quietly, we go like sheep to slaughter.  Does anybody remember the reason given for the establishment of the DEPARTMENT OF ENERGY during the Carter administration?

Anybody?  Anything?  Anyone?  No?  Didn’t think so!

Bottom line is, we’ve spent several hundred billion dollars in support of an agency, the reason for which very few people who read this can remember!

Ready?

It was very simple, and at the time, everybody thought it very appropriate.

The Department of Energy was instituted on 8/04/1977, TO LESSEN OUR DEPENDENCE ONFOREIGN OIL.

Hey, pretty efficient, huh?

AND NOW IT’S 2022 — 45 YEARS LATER — AND THE BUDGET FOR THIS “NECESSARY” DEPARTMENT IS AT $242 BILLION A YEAR.  IT HAS 16,000 FEDERAL EMPLOYEES AND APPROXIMATELY 100,000 CONTRACT EMPLOYEES; AND LOOK AT THE JOB IT HAS DONE!

(THIS IS WHERE YOU SLAP YOUR FOREHEAD AND SAY, “WHAT WERE THEY THINKING?”) 34 years ago, 30% of our oil consumption was foreign imports.  Today 70% of our oil consumption is foreign imports.

Ah, yes — good old Federal bureaucracy.

NOW, WE HAVE TURNED OVER THE BANKING SYSTEM, HEALTH CARE AND THE AUTO INDUSTRY TO THE SAME GOVERNMENT?  What can possibly go wrong?

Hello!!  Anybody Home? Signed…. The Night Watchman

Bill Holter’s Commentary

God bless this man!  He may not have known what his life’s purpose was, and this may not be it …but it’s a pretty good start!

Missouri Sheriff Refuses to Hand Over Gun Owners’ Info to FBI: ‘I Will Go Down With the Ship’

More….

Posted by & filed under In The News.

Bill Holter’s Commentary

I have no idea who to credit other than Tom Petty?

The Nightwatchman Once upon a time, the government had a vast scrap yard in the middle of a desert.  Congress said, “Someone may steal from it at night.”  So they created a night watchman position and hired a person for the job. Then Congress said, “How does the watchman do his job without instruction?”  So they created a planning department and hired two people, one person to write the instructions, and one person to do time studies.

Then Congress said, “How will we know the night watchman is doing the tasks correctly?”  So they created a Quality Control department and hired two people.  One was to do the studies, and one was to write the reports.

Then Congress said, “How are these people going to get paid?”  So they created two positions: a time keeper and a payroll officer, then hired two people.

Then Congress said, “Who will be accountable for all of these people?”  So they created an administrative section and hired three people, an Administrative Officer, Assistant Administrative Officer and a Legal Secretary.

Then Congress said, “We have had this command in operation for one year, and we are $918,000 over budget, we must cut back.”  So they laid off the night watchman. 

NOW slowly, let it sink in.

Quietly, we go like sheep to slaughter.  Does anybody remember the reason given for the establishment of the DEPARTMENT OF ENERGY during the Carter administration?

Anybody?  Anything?  Anyone?  No?  Didn’t think so!

Bottom line is, we’ve spent several hundred billion dollars in support of an agency, the reason for which very few people who read this can remember!

Ready?

It was very simple, and at the time, everybody thought it very appropriate.

The Department of Energy was instituted on 8/04/1977, TO LESSEN OUR DEPENDENCE ONFOREIGN OIL.

Hey, pretty efficient, huh?

AND NOW IT’S 2022 — 45 YEARS LATER — AND THE BUDGET FOR THIS “NECESSARY” DEPARTMENT IS AT $242 BILLION A YEAR.  IT HAS 16,000 FEDERAL EMPLOYEES AND APPROXIMATELY 100,000 CONTRACT EMPLOYEES; AND LOOK AT THE JOB IT HAS DONE!

(THIS IS WHERE YOU SLAP YOUR FOREHEAD AND SAY, “WHAT WERE THEY THINKING?”) 34 years ago, 30% of our oil consumption was foreign imports.  Today 70% of our oil consumption is foreign imports.

Ah, yes — good old Federal bureaucracy.

NOW, WE HAVE TURNED OVER THE BANKING SYSTEM, HEALTH CARE AND THE AUTO INDUSTRY TO THE SAME GOVERNMENT?  What can possibly go wrong?

Hello!!  Anybody Home? Signed…. The Night Watchman

Bill Holter’s Commentary

God bless this man!  He may not have known what his life’s purpose was, and this may not be it …but it’s a pretty good start!

Missouri Sheriff Refuses to Hand Over Gun Owners’ Info to FBI: ‘I Will Go Down With the Ship’

More….

Posted by & filed under In The News.

Bill Holter’s Commentary

Good read from Pepe Escobar.

The Power Troika Trumps Biden In West Asia

The presidents of Russia, Iran, and Turkey convened to discuss critical issues pertaining to West Asia, with the illegal US occupation of Syria a key talking point.  Oil and gas, wheat and grains, missiles and drones – the hottest topics in global geopolitics today – were all on the agenda in Tehran this week.

More…

Bill Holter’s Commentary

Locking up a journalist for telling the truth is the greatest of travesties!  Truth, justice, and the Mexican way?

Mexican President Renews Offer to Grant Asylum to Julian Assange in Letter to Biden

On Monday, Mexican President Andres Manuel Lopez Obrador said he delivered a letter to President Biden last week where he pleaded for the US not to prosecute Julian Assange and renewed an offer to grant asylum to the WikiLeaks founder.

More…

Bill Holter’s Commentary

Anyone know what happens to a Ponzi scheme when new money evaporates?

Mortgage demand hits 22 year low…

The pain in the mortgage market is only getting worse as higher interest rates and inflation hammer consumers. Mortgage demand fell more than 6% last week compared with the previous week, hitting the lowest level since 2000, according to the Mortgage Bankers Association’s seasonally adjusted index.

More…

Posted by & filed under In The News.

Bill Holter’s Commentary

Good read from Pepe Escobar.

The Power Troika Trumps Biden In West Asia

The presidents of Russia, Iran, and Turkey convened to discuss critical issues pertaining to West Asia, with the illegal US occupation of Syria a key talking point.  Oil and gas, wheat and grains, missiles and drones – the hottest topics in global geopolitics today – were all on the agenda in Tehran this week.

More…

Bill Holter’s Commentary

Locking up a journalist for telling the truth is the greatest of travesties!  Truth, justice, and the Mexican way?

Mexican President Renews Offer to Grant Asylum to Julian Assange in Letter to Biden

On Monday, Mexican President Andres Manuel Lopez Obrador said he delivered a letter to President Biden last week where he pleaded for the US not to prosecute Julian Assange and renewed an offer to grant asylum to the WikiLeaks founder.

More…

Bill Holter’s Commentary

Anyone know what happens to a Ponzi scheme when new money evaporates?

Mortgage demand hits 22 year low…

The pain in the mortgage market is only getting worse as higher interest rates and inflation hammer consumers. Mortgage demand fell more than 6% last week compared with the previous week, hitting the lowest level since 2000, according to the Mortgage Bankers Association’s seasonally adjusted index.

More…