Posted at 8:37 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

This is exactly what Jim said several years ago.

Putin Warns U.S. May Regret Using Dollar as Sanctions Weapon
June 5, 2021

President Vladimir Putin said Russia doesn’t want to stop using the dollar as he accused the U.S. of exploiting the currency’s dominance for sanctions and warned the policy may rebound on Washington.

Russia has to adopt other payment methods because the U.S. “uses its national currency for various kinds of sanctions,” Putin said late Friday in St. Petersburg at a videoconference with representatives of international media organizations. “We don’t do this deliberately, we are forced to do it.”

Settlements in national currencies with other countries in areas such as defense sales and reductions in foreign-exchange reserves held in dollars eventually will damage the U.S. as the greenback’s dominance declines, Putin said. “Why do U.S. political authorities do this? They’re sawing the branch on which they sit,” he said.

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Bill Holter’s Commentary

Money supply has exploded while velocity crashed to all time lows. What do you think things will look like once the mass exodus from dollars begins in earnest and velocity lifts off? Please note the chart of gold during the Weimar experience…

Charts For A Crazy World: Hot Money Spawns Weird Trends
June 6, 2021

This is a time of almost supernaturally-easy money. US financial conditions, in fact, have never been this accommodative, which is why junk bonds, CLOs, NTFs, cryptos, and meme stocks have been able to attract so much hot money.

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But the velocity of money – i.e., how often a given dollar is spent in a given span of time – has cratered. Consumers, it seems, aren’t nearly as enthusiastic as speculators.

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Posted at 6:37 PM (CST) by & filed under USAWatchdog.com.

By Greg Hunter’s USAWatchdog.com (Saturday Night Post)

Biblical cycle expert and financial analyst Bo Polny predicted in November of 2020 the stock market (DOW) would “top out in May 2021 at around 33,000 to 34,000 and then crash in June.”  So far, half of the prediction is spot on, and we are waiting for the crash.  Polny says, “The greatest financial event in human history is not and will not happen on a Trump watch.  I repeat, the greatest financial event in human history is not going down on a Trump watch.  It’s going to go down under the current, whatever you want to call him.  Trump is a builder.  The builder comes in to fix things.”

What’s the timeline on this “greatest financial event in human history”?  Polny says, “All hell breaks loose next week. . . . There are all these events, mini events, that are all culminating in God’s perfect orientation and God’s perfect timing to create the absolute perfect storm, and then he pulls the trigger.  Remember this:  When the Red Sea opened and closed, that entire event happened in one day.  By the end of the day or the next day, everything was 180 degrees different.  Mark my words, we sit here today, and by the end of this year, everything will be 180 degrees different.  Most likely everything is going to happen in the next 90 days.  We are living in a Biblical year.  It’s the year of Jubilee, and we are about to see acts of God.”

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Posted at 6:12 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

Right or wrong, a very interesting read!

The Fauci Files, The Wuflu And The War To Come
June 2, 2021

Isn’t is amazing how quickly things seem to change when it’s in the interest of those that think they run the world? For years we’ve been trying to get access to Hillary Clinton’s missing e-mails as Secretary of State but to no avail. However, at the most opportune time in the collapsing COVID story, Dr. Anthony Fauci’s emails are uncovered and broadcast to the world.

The same mechanism, FOIA, that Hillary has stonewalled us on for six years uncovers Fauci’s emails in six weeks?

Doesn’t that strike you as just the slightest bit odd?

Fauci was the hero bureaucrat facing down the evil and ignorant President Trump over COVID-19. He became a national celebrity playing down treatments like Hydroxychloroquine and Ivermectin, flip-flopped on wearing masks and running cover for a corrupt WHO/CDC while whitewashing his own involvement in COVID’s origin.

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Posted at 8:43 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

“The U.S. now has the dubious distinction of being the capitol of innovation for every conceivable type of fraud surrounding cryptocurrencies – a “currency” backed by nothing and regulated by no one.”

Crypto: Congress Dawdles as $1.7 Trillion Con-Game Goes Unregulated, Threatening Reputation of U.S. Markets
June 3, 2021

If you want to get your hair cut outside of your home in the United States, the job has to be done by a licensed worker at a regulated business. The same thing applies to plumbers, electricians, home inspectors, real estate and insurance agents. They all require a license and are subject to regulatory scrutiny.
Likewise, commodities like corn, sugar, wheat, lumber and oil are all traded on regulated exchanges which are overseen by a federal regulator.But, for reasons that have yet to be explained to the American people, when it comes to the $1.7 trillion cryptocurrency market – which is effectively a con-game based on the greater fool theory, nothing is regulated. Not the crypto currency; not the promoters; not the crypto exchanges; and not the firms that are providing as much as 100 times leverage to fuel this “rat poison squared,” as the legendary investor Warren Buffett has characterized Bitcoin. (See The Smartest Guys in the Room Call Bitcoin “Rat Poison Squared,” “a Colossal Pump-and-Dump Scheme” and “a Big Criminal Scam” but Federal Regulators Look the Other Way.)

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Bill Holter’s Commentary

More from Wall Street on Parade regarding cryptos.

Crypto Will Be Put Under the Microscope at June 30 House Hearing
June 4, 2021

The House Financial Services Subcommittee on Oversight and Investigations, chaired by Congressman Al Green of Texas, will hold a hearing on June 30 titled: “America on ‘FIRE.’ Will the Crypto Frenzy Lead to Financial Independence and Early Retirement or Financial Ruin?”

The announcement of the hearing came yesterday, the same day that Wall Street On Parade reported that the Federal Trade Commission was witnessing a skyrocketing increase in crypto scams. The FTC wrote on May 17:

“Reports to the FTC’s Consumer Sentinel suggest scammers are cashing in on the buzz around cryptocurrency and luring people into bogus investment opportunities in record numbers. Since October 2020, reports have skyrocketed, with nearly 7,000 people reporting losses of more than $80 million on these scams.”

The Subcommittee has not yet posted its lineup of witnesses for the hearing. Republicans, who are the minority party in the House at present, can be expected to call at least one of the shills for crypto. Democrats will likely call witnesses from academic and investment circles.

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Posted at 8:54 AM (CST) by & filed under Jim's Mailbox.

Bill/Jim,

Not to worry. Rising meat prices are only transitory, like sales taxes decades ago (as they had said), and New Jersey’s Garden State Parkway tolls, etc.

What goes up doesn’t necessarily go down. Governments (and most businesses) have always believed they can defy the laws of physics.

What has ever gone down over the past century during a normal economic environment (ex recessions/depressions)? The trend is ALWAYS higher, thanks to a perpetual debasing of the Dollar.

CIGA Wolfgang Rech

Very true Wolfgang but few have memories long enough to really notice?

Bill

Hackers Hit The World’s Largest Meat Supplier With A Massive Cyberattack. Here’s What’s Affected, And For How Long
June 2, 2021

Hello! This story is from today’s edition of Morning Brew, an awesome daily email read by 2.9 million next-generation leaders like you. Sign up here to get it!

Over the weekend, hackers hit the only piece of American infrastructure more critical than the Colonial Pipeline: the burger supply.

JBS, the world’s largest meat processor, had to shut down North American and Australian operations Monday following a coordinated ransomware attack. The company told the White House that it believes a criminal organization based in Russia is behind the hack.

In the US, which accounts for half of JBS revenues, nearly 20% of beef production was impacted by temporary plant shutdowns.

It does appear to be temporary, though. JBS said that the “vast majority” of its facilities would be operational today due to progress it made in resolving the attack.

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Inflate or die!

Bill

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Posted at 8:52 AM (CST) by & filed under USAWatchdog.com.

By Greg Hunter’s USAWatchdog.com

Finance and economic expert Alasdair Macleod says a new rule change at the Bank of International Settlements (BIS), aka the central bank of central bankers, is going to help drive the price of gold and many other commodities higher.  The new rule is called “Net Stable Funding Requirement” (NSFR).  It goes into effect by the end of June in Europe and by the end of the year in the UK where the London Bullion Market Association (LBMA) operates the biggest gold trading platform in the world.  The short story is this new BIS rule is going to stop paper contracts from conjuring supply of gold, silver and many other commodities out of thin air.   Macleod says, “That’s what they do, and that is what is going to be stopped.  For a long time . . . I think the American government has encouraged the growth of paper alternatives to gold in order to take demand away from the real stuff. . . .They said to the Bank of International Settlements that we can’t have another Lehman Brothers.  So, what’s happened?  They have come up with regulations to help insure we won’t have another Lehman. . . . I think the real big, big change is going to be in the second half of this year.”

Macleod says couple this BIS rule change along with the out-of-control global spending and coming inflation and you have the perfect predictable storm.  Macleod says, “With these two things coming together, only one thing can happen.  The dollar goes down and down and down.  Also, people are going to be frightened and think we have no gold . . . they are going to go out and try to buy gold.  It’s going to be like squeezing a bar of soap in the bath, it will just shoot up.  I can’t see any other outcome than that. . . . Look at what is happening with the BIS and the new regulations that they are bringing in.  From the gold point of view, you’ve got a falling dollar and you have sudden demand for gold being unleashed that was previously happy to sit in a bank on an unallocated basis.”

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