Posted at 10:36 AM (CST) by & filed under Jim's Mailbox.

Have a look at the charts very bullish!

GG

GG sends us the visual set up.

Bill

Most Bullish Set Up For Gold & Silver In Over 50 Years, Gold & Silver Stocks Getting Ready To Soar! Plus More Surprises
June 10, 2021

Most bullish set up for gold and silver in over 50 years, gold and silver stocks getting ready to soar! Plus more surprises.

Best Possible Scenario For Gold

June 10 (King World News) – Fred Hickey: “…negative “real” yields soaring to -3.5%. Typically, the best possible scenario for gold. Should be a good test for the current gold pullback following sharp 2-month gold rally to “overbought” technical levels. Is the pullback over? We’ll soon find out.”

Look Around You

Fred Hickey on inflation: “Look around you. Paying less for anything now? Been to grocery store? Pumped gas? (up 56.2% in CPI), bought any clothing (apparel prices +5.6% in CPI), travelled anywhere? (“transportation services” in CPI +11.2%). Bought a house (+19%). Economists only ones not seeing inflation.”

This Won’t End Well

The Daily Shot: The US stock market’s put-call ratio is once again hitting extreme lows, signaling wider investor complacency. (See chart below).

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Posted at 10:33 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

…and now the National Debt is 129% of GDP. In the good old days, any country with a debt to GDP ratio over 100% was considered a banana republic, today it is just business as usual!

Our Greatest National Crisis? Denying The Great Debt Crisis
June 10, 2021

Remember the 2012 Republican National Convention? Back then, the national debt problem was so fundamental to the GOP’s platform that the convention’s set design showcased a debt clock ticking away in real-time, edging closer to $16 trillion.

Vice presidential nominee Paul Ryan, a conservative tax and budget expert, championed policies that slowed the debt’s alarming rate of acceleration toward what he deemed a dangerous fiscal cliff, which was not a priority for his opponent.

When Barack Obama was elected in 2008, the debt was $10 trillion. After fighting the Great Recession, it nearly doubled to $19.5 trillion by the end of his second term.

But the next Republican president didn’t do much better. At the end of 2020, the debt was $26.9 trillion. Today, according to the U.S. Debt Clock, it is $28.3 trillion.

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Bill Holter’s Commentary

You will most likely be hearing a lot over coming weeks and months re “NAKED SHORTING”!

Let the Apes Have Wall Street
June 11, 2021

On CNBC’s Fast Money last week, anchor Melissa Lee appeared to mention the unmentionable. She was talking with Tim Seymour, CEO of Seymour Asset Management, who made offhand mention of the hedge funds shorting now-infamous stocks like AMC and GameStop. “Look, there are a lot of short sellers out there who have been borrowing stock they didn’t have,” Seymour said.

“Naked shorts, yeah,” said Lee.

You could almost hear a reverse record-scratch over the airwaves. Did a CNBC anchor really say that out loud?

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Posted at 8:42 AM (CST) by & filed under Jim's Mailbox.

Bill/Jim,

Two points highlighted here are scarcity of labor and cost cutting to maintain profitability.

One of the tenets of this article is that human capital is irreplaceable.

My take? The solution will be Slavery.

It’s slowly happening now with excessive monetary taxation and asset confiscation.

People won’t have a pot to piss in.

The second is creating the illusion of price stability by providing less product while maintaining a stable price.

“Shrinkflation has reduced cereal boxes such that the boxes are not wide enough to stand up on the shelf.

For a glimpse into what’s in store for us, simply read ATLAS SHRUGGED by Ayn Rand, whose most ardent follower was none other than the former Fed Chairman and gold bug, Alan Greenspan.

CIGA Wolfgang Rech

Mr. Smith has a point or two Wolfgang!

Bill

The Sources of Rip-Your-Face-Off Inflation Few Dare Discuss
June 8, 2021

We’re getting a real-world economics lesson in rip-your-face-off increases in prices, and the tuition is about to go up–way up.

Inflation will be transitory, blah-blah-blah–I beg to differ, for these reasons. There are numerous structural sources of inflation, which I define as prices rise while the quality and quantity of goods and services remain the same or diminish. Since the word inflation is so loaded, let’s use the more neutral (and more accurate) term decline in purchasing power: an hour of your labor buys fewer goods and services of lesser quality than it did a decade ago or a generation ago.

While the conventional discussion focuses on monetary inflation, i.e. expansion of money supply, the real rip-your-face-off sources have nothing to do with money supply. The rip-your-face-off sources are scarcities that cannot be filled by substitution or globalization.

Consider skilled hands-on labor as an example. Let’s say some essential parts in essential infrastructure require welding. There is no substitute for skilled welders. But wait, doesn’t economic dogma hold that whenever costs rise, a cheaper substitute will magically manifest out of a swirl of dust? That dogma is false in cases such as skilled labor.

The only substitute for a skilled welder is another skilled welder, and while theory holds that there will be cheaper welders who can be brought in from elsewhere, this is also not true: due to deficiencies in education and a cultural bias against manual labor, there is a shortage of skilled welders virtually everywhere.

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Posted at 9:09 AM (CST) by & filed under USAWatchdog.com.

By Greg Hunter’s USAWatchdog.com

About a month ago, climate engineering researcher Dane Wigington said the severe drought unfolding in the Western United States is only going to get worse.  It has.  Now, large portions of the Western U.S are being hit with earthquakes.  Wigington contends that science shows the rash of earthquakes in the West are linked to climate engineering.  One example is the earthquake in Fukushima in 2011.  The science is backed up by a report from MIT.  Wigington explains, “All this data is extremely verifiable.  The testimony from MIT is extraordinarily damming. Their words were ‘extremely anomalous heating directly above the epicenter in the days prior to the quake.’ . . . The Fukashima meltdown was not intended, but when you trigger seismic activity on that scale, massive consequences happen. . . . The ability to cause seismic activity with radio frequency microwave transmissions is very well documented scientifically. . . . There is no official source that is willing to discuss this because it is simply too alarming to the population.   The liability issues from decimating food supplies and tripping seismic activity is incomprehensible.  When people find out what is being done to them, I would argue that’s when they take to the streets with their proverbial pitchforks and torches to look for anyone and everyone involved.”

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Posted at 11:04 AM (CST) by & filed under Jim's Mailbox.

Bill/Jim,

Funny thing…..people’s gold and silver coins were still in their hands; readily accessible to meet their needs.

Not so with all things internet or cloud related.

CIGA Wolfgang Rech

…and exactly what GOTS is all about!

Bill

An Outage Hit Major Websites. The Internet’s Infrastructure Appears Shaky
June 8, 2021

Consumers got a jolt this morning with “error 503 service unavailable” messages on some of their favorite websites.

An outage at cloud software provider Fastly caused swaths of the web to go dark, including Reddit, the New York Times, and even the U.K. government’s website. Fastly said that it had identified the problem and initiated a fix. An hour after the outages were first reported, Fastly said its global network was coming back online. Most of the impacted websites appeared to be back online as well.

It was really just a small irritation for consumers and investors Tuesday morning, but it could become a larger problem. Recent episodes of hacking and outages such as the SolarWinds hack and the Colonial pipeline ransomware attack demonstrate that internet infrastructure isn’t as robust as might assumed.

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Posted at 10:52 AM (CST) by & filed under In The News.

Bill Holter’s Commnetary

What will our world look like once the moratorium on foreclosures and evictions is lifted?

Supreme Court Asked to Halt CDC Eviction Moratorium
June 6, 2021

Alabama and Georgia real estate agents have asked the Supreme Court to block a federal moratorium on evictions that was imposed last year by the Centers for Disease Control and Prevention (CDC) amid the pandemic.

Congress enacted a nationwide moratorium on evictions and extended its life through Jan. 31, 2021. The Atlanta-based CDC, which is part of the U.S. Department of Health and Human Services, then imposed its own moratorium at the behest of then-President Donald Trump, the current iteration of which is set to run out on June 30. The theory was that uprooting tenants would spread the virus, which now appears to be in decline. Violators could face criminal penalties and six-figure fines.

The real estate agents argue in their emergency application in Alabama Association of Realtors v. Department of Health and Human Services, filed on June 3, that the CDC’s moratorium “shifted the economic burdens of the pandemic from renters to landlords.”

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