Posted at 10:00 AM (CST) by & filed under In The News.

Judicial Watch Podcasts

Bill Holter’s Commentary

So, this woman shovels pancakes into her pie hole and blames Trump and the conservatives because it certainly cannot be her fault that she has gained weight? And we are supposed to listen to her illogical ideology because why? Because she is a fabulous singer?  Sorry, just because someone can sing, act, or even do brain surgery does not make their opinions gospel…much less even logical!

P.S. My lovely editor edited out how I really feel about this but you get the gist.

Barbra Streisand ‘Thinking About’ Moving to Canada If Democrats Don’t Win House
October 31, 2018

Singer Barbra Streisand said she might move to Canada if the Democrats don’t win control of the U.S. House in this year’s mid-term election.

When asked during an interview with The New York Times how she was feeling these days, she said she’s been that losing sleep.

“I want to sleep nights, if we take the House I’ll be able to sleep a little bit better,” she said.

Streisand was asked what she would do if the Democrats don’t win the House.

“Don’t know. I’ve been thinking about, do I want to move to Canada? I don’t know. I’m just so saddened by this thing happening to our country. It’s making me fat. I hear what he said now, and I have to go eat pancakes now, and pancakes are very fattening. We make them with healthy flour, though — almond flour, coconut flour,” she said.

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Bill Holter’s Commentary

Yes, the “loving and caring” party…?

Dem Panic? Ocasio-Cortez Calls Trump ‘Monster’, Biden Threatens Violence, Wild-Eyed Obama’s Voice Cracks During Rant
November 2, 2018

With the critical midterm elections taking place on Tuesday, it appears Democrats are starting to panic.

In recent weeks, Democrats and many in the mainstream media have largely blamed President Donald Trump’s “rhetoric” for incivility across the country. Yet, several prominent Democrats have made incendiary — and sometimes violent — comments about their Republican counterparts.

On Wednesday, New York Democratic candidate Alexandria Ocasio-Cortez sent out a bizarre email demanding Democrats “push back” against Republicans and Trump, who she referred to as “cold-hearted monsters.”

In a very lengthy email, the self-described socialist vowed to protect voters from “white supremacist forces” that she claims are terrorizing Americans under Trump.

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Posted at 12:16 PM (CST) by & filed under Bill Holter.

As I alluded to a couple of days ago, “look around, what do you see?”. People who own precious metals are quaking in their boots at EXACTLY THE PRECISE TIME they should be comfortable. We have gotten many “scared” e-mails recently, some from people I would have never guessed. Even a $10 move down in gold has sparked fearful e-mails…but why?

It should be clear to you now, the “unwind” has begun. Jim and I tried to tell you this a couple of months back, now there is absolute evidence. Look at real estate in many parts of the world. Australia, China, London, Vancouver, New York and now even San Francisco. The most important thing to look at is “volume”, as price always follows. Pricing, as it did back in 2006 has gotten to unaffordable levels…and banks have begun to pull back on lending. Ask yourself this simple question, where would pricing be if everyone had to pay cash for new purchases? I am not sure the answer but it would surely be less than 50% of current pricing. “Credit” is the reason real estate attained the values they did, lack of credit is now reducing sales volume…and thus pricing.

Then we can look at autos all over the world. Asia, Europe and North America, all markets are soft and the build up in “sub prime” auto loans has exploded. Any discussion of credit and sub prime in the same sentence should certainly not leave out “student loans”. This sector is now well over $1 trillion. Yes, for a good cause I suppose you could say, but we now have an entire generation in hock before they even leave the starting gate? Not to mention, college grads today are not exactly what their parents expected when they first wrote their checks, rather they tend to melt under pressure. Is this a “solid credit”?

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Posted at 10:06 AM (CST) by & filed under Jim's Mailbox.

Jim/Bill,

Hiring for what?

Heh, heh, heh.

I wonder who they’re hiring?

Factory Orders plunge yet hiring surges?

See the source image

Must be the demand for servers for Dollar meals at McDonalds.

CIGA Wolfgang Rech

Factory Orders Growth Slows In September As War Spending Plunges
November 2, 2018

Amid significant revisions, September’s factory order growth slowed from +2.6% MoM in August to +0.7% MoM as it seems the pre-tariff surge is over…

https://www.zerohedge.com/sites/default/files/inline-images/2018-11-02_7-02-23.jpg?itok=PUixqv6U

Year-over-year growth in factory orders also slowed notably but remains solid…

https://www.zerohedge.com/sites/default/files/inline-images/2018-11-02_7-04-37.jpg?itok=tc9GrhF-

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Posted at 11:44 AM (CST) by & filed under In The News.

Where Is All The Gold Going?
November 1, 2018

Where the gold is going is certainly no secret. Whilst the West has not got a clue of the strategic significance of physical gold, the East’s accumulation of the yellow metal continues unabated.

Since 2008 just China and India have accumulated 26,000 tonnes of gold. That is a remarkable figure and virtually the total mine production for that period. There are many other Eastern countries which also continue to buy major quantities of gold such as Russia, Turkey, Iran and Thailand.

CHINA AND INDIA HAVE BOUGHT 26,000 TONNES SINCE 2008

 

 

 

 

 

 

 

 

 

 

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Judicial Watch Sues FBI over Failure to Preserve Text Messages
November 01, 2018

Also Files Suit over Disgraced Official McCabe’s Texts

(Washington, DC) – Judicial Watch announced today that it filed lawsuits regarding the maintenance of text messages as federal records and for records of the audit of communications of former FBI Deputy Director Andrew McCabe.

After the FBI claimed that text messages are not subject to the Freedom of Information Act (FOIA) Judicial Watch filed suit to ensure that text messages are being preserved. The new Administrative Procedure Act lawsuit against the FBI challenges the FBI failure to preserve FBI text messages as required by the Federal Records Act. (Judicial Watch v. FBI (No.1:18-cv-02316)).

In its lawsuit Judicial Watch points to a related case in which Michael G. Seidel, the assistant section chief of the Record/Information Dissemination Section in the FBI’s Information Management Division, stated: “text messages on [FBI]-issued devices are not automatically integrated into an FBI records system.” (Danik v. U.S. Department of Justice, (No. 1:17-cv-01792)).

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Bill Holter’s Commentary

They lied to us?  In a world where everything is fake or a lie, what a shock!

Rebecca Campbell: US Government Loses Vaccine Lawsuit — Has Lied to the Public for Decades — Vaccines NOT Tested — Autism Will Drop If Parents Use This Case to Legally Challenge Mandated Vaccinations
September 3, 2018

Vaccine injury lawyer Robert F. Kennedy Jr., Del Bigtree, producer of the suppressed anti-vaccine documentary, Vaxxed and the Informed Consent Action Network (ICAN) are credited with this victory. They demanded the relevant government documents proving that all federally approved vaccines had been tested for quality over the past 32 years — and there were none.

Here are the huge legal and practical implications in this legal victory for the American people:

This means that the US Department of Health and Human Services and all vaccine makers have been lying to the American people for over 30 years about the effectiveness and safety of vaccines; this may

ultimately mean that continuing the existence — at least in their current form — of five US “healthcare” agencies are now in doubt: the CDC, the FDA, the IOM, the NIH and the “Health” part of DHHS itself;

this may also threaten the existence of state medical boards and exclusive medical guilds like the AMA:

This means that vaccine makers have been fraudulently exempt from what all other pharmaceutical drug makers have been forced to do concerning biannual recertification for quality and effectiveness — meaning that that their vaccines have never been tested for quality and have had no proven safety or effectiveness for over 30 years;

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Posted at 11:31 AM (CST) by & filed under General Editorial.

Recently there have been many pirated uploads to YouTube of past interviews.  The latest two had a headlines claiming “Bill Holter, Confirmed 100%, Nov. 11 2018 will be the date of the next global economic reset”, this is ridiculous.  I am working to get these pulled down.  There is nothing wrong with the interviews themselves as I actually did them.  Some of these interviews were done 2 years ago and being passed off as current.  The titles are bogus and the interviews are stolen from USA Watchdog, X22 Spotlight Report and SGT Report.  I would NEVER choose a specific day, anyone believing they can do this is delusional.

That said, we are experiencing another major tremor in financial markets.  In my opinion, the odds are very high that the current market action is part and parcel of the “great unwinding”.  No matter which direction you look, there are potential sparks to get the bonfire started.  There is zero ability to pinpoint what history will look back on as the trigger moment, we do however know that credit is definitely tightening and asset values are beginning to weaken.  It was all about credit on the way up, it will definitely be all about credit (or the lack of) on the way down!  I plan to write on this topic over the next few days.

Standing watch,

Bill Holter

Posted at 10:09 AM (CST) by & filed under Jim's Mailbox.

Jim/Bill,

Something’s going on.

Something wicked this way comes.

It’s not what we see that should concern us…..

it’s what we don’t see.

‘Curiously, Fed Governor Lael Brainard said she plans to vote against proposals, arguing they would raise “the risk that American taxpayers again will be on the hook” to bail out banks.

“I see little benefit to the institutions or the system from the proposed reduction in core resilience that could justify the increased risk to financial stability and the taxpayer,” Brainard says in prepared remarks.

Her caution is warranted in light of the recent earnings shock unveiled by Bank OZK which unveiled a deeply distressed commercial real estate portfolio, which sent its stock plunging and prompted questions whether banks are covering up deterioration in some of their CRE holdings.’

It’s not out of the goodness of their heart that the FED will be embarking on an easing of capital requirements.

Either EASING or BAILOUTS.

CIGA Wolfgang Rech

Fed To Ease Liquidity Requirements For Regional Banks As Brainard Warns Of More Bailouts
October 31, 2018

On Wednesday the Federal Reserve is set to vote on proposals that would further ease capital requirements for banks with assets of $700 billion or lower, expanding on Trump’s promise to deregulate Wall Street.

The biggest benefits will come to banks with between $100 billion and $250 billion of assets – or the bulk of regional banks – who would no longer have to adhere to liquidity coverage ratio and proposed net stable funding ratio, according to prepared remarks by Fed Vice Chairman of Supervision Randal Quarles. Firms between $100 billion and $250 billion would also face stress tests every two years, instead of annually

“A reduction of this magnitude is appropriate because most U.S. banking firms in this group are not engaged in complex activities and have more stable funding than systemic banks given their relatively traditional business models,” said Quarles.

At the same time, Non-Wall Street banks that have more than $250 billion of assets would move to a “calibrated” liquidity coverage ratio that is in the range of 70% to 85% of full LCR, Bloomberg notes.

Meanwhile, large banks will generally see little benefits from today’s deregulation: Quarles said that large bank holding companies now have about $1.3 trillion of capital, and the Fed proposals would reduce that by only $8 billion.

Curiously, Fed Governor Lael Brainard said she plans to vote against proposals, arguing they would raise “the risk that American taxpayers again will be on the hook” to bail out banks.

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Jim,

This proverb comes to mind.

Dave

‘Day-Trading’ Trump Says “Today Looks Good For Stock Market”
October 31, 2018

While Presidents have traditionally shied away from commenting too much on the stock market, President Trump has been ‘unusual’ in his focus on the arbitrary measure of America’s success (or failure).

https://www.zerohedge.com/sites/default/files/inline-images/8a3f1713-a69f-11e6-8e4b-cdd40dc87207_600x400_0.jpg?itok=4CT9PtxU

Having been quite for much of the month – as US equity markets collapse most since the financial crisis – Yesterday’s dead cat bounce along with today’s extension…

https://www.zerohedge.com/sites/default/files/inline-images/2018-10-31_6-12-55.jpg?itok=X_hNWkmR

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Gary,

Look around you, what do you see?  It is happening now right before your eyes and you still question the strategy?

Best,

Bill

Bill,

I think I need you to talk me down again. In my office I am officially considered crazy for liking gold. So much so that the complex risk manager called me about my personal gold positions. Do you see anything on your radar that is close to change this trade? I thought the FANGS finally cracking would do it but so far no change. I hope the wait is worth it. Because we deserve it!

Thanks,

Gary

Posted at 9:24 AM (CST) by & filed under In The News.

 

The Dems Need This Fiction To Camouflage Fraud
October 29, 2018

The only thing more certain than death and taxes is that, every election cycle, the Democrats will accuse Republicans of “voter suppression.” They inevitably insist that requiring individuals to possess photo identification in order to cast a ballot is a sinister right-wing conspiracy to prevent minorities from exercising the franchise. For black conservatives like Candace Owens, this claim is incredibly patronizing. It implies that, as she recently put it, “Black people are too stupid to figure out how to get identification.” She is right, of course, but the Democrats dislike voter ID laws for another reason: They depend on fraud to remain viable.

The obvious purpose of asking voters to prove who they are and where they live is to prevent fraud. The Democrats claim that voter ID laws are unnecessary because fraud is uncommon. This is nonsense. As Thomas Sowell once put it, “One of the biggest voter frauds may be the idea… that there is no voter fraud.” Yet the Democrats make this claim every election cycle while filing sham lawsuits alleging voter suppression, which is quite rare. Last week, for example, they convinced a New Hampshire judge to halt enforcement of Senate Bill 3 (SB3), a law requiring voters to provide proof of residency. The New Hampshire Union Leader reports:

The lawsuit to block the law [SB3] from taking effect was filed last year by the New Hampshire Democratic Party, the League of Women Voters of New Hampshire and individual voters who claim the new registration requirements are onerous and an unnecessary obstacle to exercising their constitutional rights.… The DOJ simultaneously filed an emergency motion with the state Supreme Court.

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Bill Holter’s Commentary

“WHY” would they do this?

Fed To Ease Liquidity Requirements For Regional Banks As Brainard Warns Of More Bailouts
October 31, 2018

On Wednesday the Federal Reserve is set to vote on proposals that would further ease capital requirements for banks with assets of $700 billion or lower, expanding on Trump’s promise to deregulate Wall Street.

The biggest benefits will come to banks with between $100 billion and $250 billion of assets – or the bulk of regional banks – who would no longer have to adhere to liquidity coverage ratio and proposed net stable funding ratio, according to prepared remarks by Fed Vice Chairman of Supervision Randal Quarles. Firms between $100 billion and $250 billion would also face stress tests every two years, instead of annually

“A reduction of this magnitude is appropriate because most U.S. banking firms in this group are not engaged in complex activities and have more stable funding than systemic banks given their relatively traditional business models,” said Quarles.

At the same time, Non-Wall Street banks that have more than $250 billion of assets would move to a “calibrated” liquidity coverage ratio that is in the range of 70% to 85% of full LCR, Bloomberg notes.

Meanwhile, large banks will generally see little benefits from today’s deregulation: Quarles said that large bank holding companies now have about $1.3 trillion of capital, and the Fed proposals would reduce that by only $8 billion.

Curiously, Fed Governor Lael Brainard said she plans to vote against proposals, arguing they would raise “the risk that American taxpayers again will be on the hook” to bail out banks.

“I see little benefit to the institutions or the system from the proposed reduction in core resilience that could justify the increased risk to financial stability and the taxpayer,” Brainard says in prepared remarks.

More…

Bill Holter’s Commentary

As we have said many times, watch credit!

GE Locked Out Of Commercial Paper Market After Moody’s Downgrade
October 31, 2018

Yesterday we asked if, as a result of its ongoing operational troubles and recent downgrade by S&P, GE was facing another Commercial Paper “moment”, with a Moody’s downgrade now imminent. The reason is that GE has traditionally been one of the biggest issuers of Commercial Paper to fund daily operations, and used to be one of the biggest issuers of the debt: veteran readers may recall that during the financial crisis, GE’s loss of access to the frozen CP/Money Market nearly resulting in a terminal liquidity crisis at the industrial conglomerate.

Since then, GE’s reliance on commercial paper was material, and in the second quarter, GE had on average around $16.6 billion of the debt outstanding – a sizable portion of its total $116 billion in debt.

A warning shot came in early October, when S&P cut GE’s short-term grade to A-2, a level below the top tier. That’s a rating of commercial paper that some classic prime money market funds are reluctant to buy. In fact, prime money market funds historically had to have at least 97% of their securities rated at least A-1 from S&P and P-1 from Moody’s, but those rules were loosened amid this decade’s money market reform. Even so, as Bloomberg noted, many funds would be far less willing to buy securities with a split rating, i.e., where at least one rating is below A-1 or P-1.

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