Posted at 1:07 PM (CST) 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 at 7:09 AM (CST) 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 at 11:17 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

Who said crime doesn’t pay?

There Are Three Separate Cases in Federal Court Accusing JPMorgan Chase of a Culture of Fraud

Bill Holter’s Commentary

Unfortunately, this is not an Onion headline nor a Babylon Bee article.  All I can say is what I have said before …man ALWAYS turns back to Father God during hard times.  Rest assured that hard times are coming, and by the way, no one ever is an atheist in a foxhole!  

The Banner on Boston’s Church of the Covenant and the Decline of Christianity, by Dennis Prager | Creators Syndicate

Posted at 6:49 AM (CST) by & filed under USAWatchdog.com.

Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Martin Armstrong, cycle expert and author of the upcoming new book “Manufacturing World III,” for 7.19.22.

Here’s the link:

 2023 Will Be Year from Hell – Martin Armstrong | Greg Hunter’s USAWatchdog

The latest is called “2023 Will Be Year from Hell – Martin Armstrong.”  Legendary financial and geopolitical cycle analyst Martin Armstrong says the time to prepare is now for what is coming in 2023.  Armstrong’s Socrates computer program is predicting “2023 will be the year from Hell.”  Armstrong explains, “Our computer is predicting a ‘war cycle’ that hits in 2023, but that is also civil unrest.  So, you are looking at revolutions and etc. because of inflation.  Our projection on oil is that it is going to go up dramatically into 2023.  It’s going to be the same thing, I think, for gasoline prices.  This is just not over yet.  The euro looks like death warmed over. . . . Our computer is projecting the continued decline of the euro and rising commodity prices.  With these sanctions on Russia, you just had the leader of Hungary say Europe is committing suicide.  The sanctions are hurting Europe more than they are hurting Russia.  This is like a shot to the lung.  They can’t even breath at this stage.”

Armstrong says you are not going to have to wait until next year to see extreme stress in the financial system.  Armstrong is seeing financial upheavals coming in the August and September time frame.  So, the economic pain is already here and getting worse, especially in Europe.  Armstrong says, “I think you are going to see this come to a head. . . . It’s definitely tanking more anyway. . . . What makes things even worse for the world is the dollar going up and not down.  This is because you had all these emerging markets issue debt in dollars. . . . They were borrowing in dollars because it was a cheaper interest rate, and they had no concept of the foreign exchange risk. . . . This happened in Australia.  The currency swings, and, now, suddenly you owe 20% more. . . . You had the same thing with all these emerging markets. . . . Now, the dollar is going up and you are seeing bank runs.”

Armstrong says not only is the euro dramatically declining, but the euro bonds are being shunned by U.S. banks.  This is another bad financial sign for the EU.  Armstrong says, “All these things are a real crisis.  I can tell you that speaking to the top three banks in New York City, they refuse to accept any European sovereign debt as collateral—period.  That is what started the whole repo crisis in 2019.”

So, we are entering into a debt crisis with the EU financial system in the crosshairs.  Armstrong says, “This is why they are pushing for war. . . . They think they can create a new monetary system, and to do so, they need war.  They think they can keep it just conventional.  Then the United Nations can emerge as the white knight and the peacemaker.  Therefore, we get another Bretton Woods.  You can redesign all the currencies and when you do that you wipe out all the debt.  That is what is on the agenda. . . . There is no way they can get out of this other than default.  If they default, they are worried about millions of people storming the parliaments of Europe. . . .This is really a tremendous financial crisis that we are facing.  They have been borrowing year after year since WWII with zero intention of paying anything back.”          

There is much more in the nearly 40-minute interview.

Posted at 7:15 AM (CST) by & filed under Bill Holter.

These are Alan Greenspan’s own words from 1966.  He has always known and still knows today, it’s just that he took a job in 1987 where he was forced to lie to you.  Please read his words carefully, they are 100% correct!

“What medium of exchange will be acceptable to all participants in an economy is not determined arbitrarily.” 

Posted at 7:08 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

As we have told you all along, “it’s all about debt”!

The Real Policy Error Is Expanding Debt and Calling It “Growth”

Bill Holter’s Commentary

When all this comes to its mathematically certain ending, will there be anywhere to hide?  Not asking for a friend.

FED OIG’s Sham Investigation of FED Chair Powell and Former VC Clarida Is A PR Fluff Job (substack.com)

Bill Holter’s Commentary

Certainly not dollar positive.

https://www.rt.com/business/559241-iran-launches-russian-ruble-trade/

Bill Holter’s Commentary

  This is not a big problem I have heard from those “in charge” …they plan on planting bushels of “magic beans” (a la My Cousin Vinny).  These grow extremely quickly and to the sky.  Presto, problem solved!

Germany’s Running Out Of Energy: Wind Turbine Construction Stalls, Firewood Becoming Scarce! – Watts Up With That?

Bill Holter’s Commentary

Weren’t these the hottest ticket in America just one year ago?

https://wsbt.com/news/local/keystone-rv-workers-given-notice-of-plant-closure-in-goshen

Posted at 6:27 AM (CST) by & filed under USAWatchdog.com.

Join Greg Hunter of USAWatchdog.com as he goes One-on-One with climate researcher Dane Wigington, founder of GeoEngineeringWatch.org for 7.16.22. 

Here’s the link:  40 Million in US West Without Water in 2023 – Dane Wigington | Greg Hunter’s USAWatchdog

The latest is called “40 Million in US West Without Water in 2023 – Dane Wigington.”  Climate engineering researcher Dane Wigington says the extreme drought conditions in the U.S. are caused by man-made weather modification called geoengineering.  It’s not some naturally occurring event, but an “engineered drought catastrophe.”  Wigington says after decades of climate engineering, things are getting so bad that millions in the Southwestern United States will be without water sometime in 2023.  Wigington explains, “The mainstream media and official sources are doing their best to sweep it under the rug.  We are talking about 40 million people that will be impacted by the drying out of the Colorado River basin and tributaries.”

Los Angeles, San Diego, Phoenix, Tucson and Las Vegas are the few of the cities that are already struggling with severe water conservation restrictions.  Wigington says, “Drought caused by man-made weather modification is not coming, it’s here now and will only get worse from here on out. . . . There is no speculation, no hypothesis or conjecture in any of this.  Climate engineering is the primary cause for the protracted drought, and not just in the U.S. but in many other parts of the world.  It also causes a deluge scenario, and all of it is crushing crops.  We can speculate to the motives and agendas behind those who run these operations, but the fact that climate engineering is the primary causal factor for the western drought is inarguable.”

When will this all take place?  Wigington’s data says, “When Lake Mead reaches the ‘dead-pool’ status, and we are not there yet, the estimations are the dead-pool might be early next year.  Prior to that, right now, we are talking about extreme water rationing.  That means the crops are being cut off now.  It’s not coming, it’s happening now. . . . Water for irrigation is long since gone, and there will be no electrical power generation. . . . The evaporation levels are far higher than what has been disclosed.  That means lake levels will drop far faster than even the worst-case official predictions right now.  This is a runaway train of total cataclysm, and those in power are preventing anyone from even discussing this issue down to the point that there is an illegal federal gag order on the nation’s weathermen at the National Weather Service and NOAA.”

According to Wigington, one city will be spared from drying out for a while, and that is Las Vegas.  There is a tunnel 600 feet below the surface of Lake Mead that will take water to Sin City long after the lake becomes a dead-pool and the Colorado River stops flowing.  Wigington says, “This was an extraordinary engineering project.  The only one of its type in many ways. . . . They had to have a specially designed tunnel boring machine for the 24-foot-wide tunnel that is designed to suck every last drop of water out of Lake Mead.”  The project cost $1.5 billion.

Wigington says what is happening is being hidden for as long as possible, but what needs to happen now is to immediately stop man-made weather modification.  Wigington says, “They can and are using this as a weapon to control food production and control populations in various regions. . . . This is a fight for life.  People think if they get their shots and wear their masks that their life will go back to normal.  It’s not going to happen. . . . Climate engineering is stopping the planet from recovering. . . It’s a weapon. . . . We have to stop it or we are done.”

There is much more in the 43-minute interview.

Posted at 6:26 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

“Many nations receptive to overtures from Beijing and Moscow are acting out of immediate self-interest more than any love for China and Russia.”

It is only human nature to want to be on the winning team …

Putin And Xi’s Bet On The Global South


In a recent appearance before a Kremlin-friendly financial conference, Russian leader Vladimir Putin was typically direct and self-assured. Not only is his economy surviving Western sanctions, he declared, but the U.S. and its allies are missing a significant shift in the international alignment revealed by the world’s reaction to his invasion of Ukraine.

More…

Bill Holter’s Commentary

Now I am embarrassed I collected for UNICEF as a 6 year old…

The Benefits Of World Hunger-Orwellian Newspeak and Goal of the Insane Elite

More…

Bill Holter’s Commentary

With the world burning, THIS is even a topic in DC?  This should go over well in November?

Science: Dem Rep. Says It’s Not Only Women That Can Have Babies

During a House Oversight and Reform Committee hearing on abortion last week, New York Democrat Representative Carolyn Maloney declared that women are not the only people who can become pregnant.

More…