Posted at 2:56 PM (CST) by & filed under Bill Holter.

My original thought was to write further about the left turning on and eating each other. The volume of news, “who” and the timing seemed to indicate something very big coming down. However, another story broke out of the blue this morning from Saudi Arabia that supersedes (though very well may have connections to) the feeding frenzy.

Crowned Prince Mohammed bin Salman had 11 princes and 38 current and former senior officials arrested on corruption and money laundering charges. http://www.reuters.com. Prince Alwaleed bin Talal being the most notable arrested. The thought process of “why” becomes scattered after the initial and obvious thought MBS is consolidating his power after being named as next in line back in June.
Adding to the confusion is this news of an offer of arms to the Saudis from Donald Trump https://www.bloomberg.com/news/articles/2017-11-05/trump-tells-king-salman-he-supports-more-saudi-arms-purchases I would also point out I do not believe there is any coincidence at all the move was undertaken in Saudi Arabia at the same time Mr. Trump is arriving in Asia. Of additional note was a surprise tweet from Mr. Trump “lobbying” for the IPO of Aramco to be undertaken on the NYSE (by the way, the Chinese have expressed a 5% interest in this offering). There are other, smaller clues but I think we have enough here to see what may be taking place.

It is my opinion, the Saudis are now triggering a move to accept yuan for oil. Those arrested can be seen as players “with” the deep state and aligned with “Hillary’s crew” for a lack of better term. Alwaleed is a major shareholder of Citi and Twitter, a Trump basher and financial supporter of Hillary’s campaign. A look at the others arrested show long time support of “the U.S.” and the petrodollar. One might think Prince Salman undertook these arrests with a “lean” toward the West, based on who was arrested I highly doubt it but we will soon see. Remember, Prince Salman has recently met with both Mr. Xi and Mr. Putin. Saudi Arabia also announced the purchases of S400 weapons from Russia (I asked at the time if this was not a very bad sign for Saudi Arabia’s allegiance to the West?).

I believe Mr. Trump very well may find out a deal is already done and nothing he can do will stop it. I also believe had Hillary been elected, this move would have happened much sooner but we will never know. The next week(s) could be breathtaking. The likely scenario in my opinion will look like this; Saudi Arabia announces they will accept yuan for oil. Mr. Trump will be informed of this, not by the Saudis but likely from the Chinese/Russians. I believe he will be told this deal is already consummated and not to interfere with “trade”.

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Posted at 12:44 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

People will starve when this turns and spikes higher, it’s called “hyperinflation”!

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Bill Holter’s Commentary

A visual extreme!

The Last Time This Happened, Gold Soared More Than 500%
November 5, 2017

From Justin Brill, Editor, Stansberry Digest:

It’s one of biggest extremes we’ve ever seen…

Are we approaching another massive turning point in the markets? If the following chart is any indication, the answer is a resounding yes…

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The chart shows the commodities-to-stocks ratio over the past 47 years. This ratio compares commodities – as tracked by the S&P GSCI Commodity Index – with the benchmark S&P 500. The red circles show times when commodities have become extremely expensive relative to stocks. And the blue circles show times when commodities have been extremely cheap compared with stocks.

As you can see, this ratio has now fallen to an extreme level rarely seen over the past five decades…

In fact, it is now even lower than either of the previous two bottoms…

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Bill Holter’s Commentary

Our journalists would NEVER do this as they have the utmost integrity! (sarc) It does make sense though if you listen to them for 30 seconds…?

Russia Dossier Investigators Suspect Reporters Were Paid To Spread Collusion Claims
November 5, 2017

The role of reporters is taking on added importance in federal court battles over the infamous Russia dossier that leveled unverified charges of collusion against the Donald Trump campaign.

In U.S. District Court for the District of Columbia, Fusion GPS, the dossier’s financier via the Democratic Party and the Hillary Clinton campaign money, is fighting a House committee chairman’s bid to find out if the opposition research firm paid journalists.

In U.S. District Court in Florida, a self-described dossier victim wants a judge to order the news website BuzzFeed, which published the dossier in full, to disclose who gave it to them.

The cases underscore how a Moscow-sourced memorandum created as opposition research against Donald Trump in the presidential campaign last year often dictates the debate about politics and reporters’ rights in Washington.

Rep. Devin Nunes, California Republican and chairman of the House Permanent Select Committee on Intelligence, signed a subpoena to force a bank to turn over Fusion’s financial records. He wants to know who paid for the dossier, which was written in a series of 18 memos by former British spy Christopher Steele. He relied almost exclusively on unidentified Kremlin sources.

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Posted at 12:42 PM (CST) by & filed under Jim's Mailbox.

Jim/Bill,

This one phrase speaks volumes………….

“Clearly, German confidence in the economy is not expressed through their gold investments any longer. Instead it is their confidence in gold that keeps the market strong.”

Very, very few things maintain the confidence these days…not Bitcoin, not equities, not bonds.

So we are back to the original thousand year old premise that gold maintains wealth above all else.

CIGA Wolfgang Rech

German Investors Now World’s Largest Gold Buyers
November 6, 2017

German Investors Now World’s Largest Gold Buyers

– German gold demand surges from 17 ton-a-year to a 100 ton-plus per year

– €6.8 Bln spent on German gold investment products in 2016, more per person than India and China

– Germans turned to gold during financial crises and ongoing euro debasement

– Evidence of latent retail demand on increased economic concerns

– “Gold fulfils an important long-term, wealth preservation role in German investors’ portfolios”

Editor: Mark O’Byrne

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India and China often grab the headlines as the world’s largest buyers of gold. In 2016 this was not the case.

When measured on a per capita basis it is Germany that takes the impressive crown of largest gold buyer in 2016, all thanks to their investment market. Last year the country set a new personal best, ploughing as much as £6.8bn ($8 bn) into gold coins, bars and exchange-traded commodities (ETCs).

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Germans buy more gold than the Chinese?

Bill

Posted at 10:35 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

Presented with no comment as none needed…

New FOIA Documents Reveal FBI Scramble To Preserve CFIUS Records In Uranium One Scandal
November 5, 2017

An internet researcher has uncovered what appears to be proof that the FBI was investigating the Uranium One deal back in 2015 – months after the Peter Schweizer book Clinton Cash exposed the scheme, along with an article in the New York Times which laid out allegations of criminal malfeasance by the Clintons, their charitable foundation, and several associates.

Twitter user Katica (@GOPPollAnalyst) – who notably discovered Hillary Clinton’s IT guy ‘Stonetear’ asking Reddit users how to strip Clinton’s name from archived emails – discovered several Preservation and Records requests sent by an FBI special agent to various agencies involved in the approval of the Uranium One deal on August 28th, 2015, as first published by The Conservative Treehouse. Katica found the requests buried in an FBI file released via the Freedom of Information Act (FOIA).

Revealing Timeline

While the Clinton email investigation was launched in March of 2015 after it was revealed that Secretary of State Hillary Clinton used a personal server and non-approved email accounts to conduct government business, reports from August, 2015 revealed that the FBI investigation was actually a criminal probe – though most assumed it was simply covering Clinton’s mishandling of classified information and not the content of her emails.

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Bill Holter’s Commentary

When reading this, please keep in mind my recent article “The plan comes together?”

‘Respect China’s Political System’: China Warns Trump On Eve Of His Asia Visit
November 5, 2017

On the eve of Donald Trump’s first trip to Asia as US President the government owned Chinese English language newspaper Global Times – which is often used by the Chinese government to express views the Chinese government does not wish to state officially – has published an editorial warning Trump to respect China and its political system and to discard ‘Cold War thinking’.

China’s relations with the Trump administration have gone through complex stages, with Donald Trump and China’s President Xi Jinping appearing to hit it off during their first summit meeting in Florida in April, but with relations subsequently coming under strain because of the two countries’ differing approaches to the North Korean crisis and because of disagreements on trade issues. In addition there are the long-running sore of the US-China dispute over the South China Sea and the status of Taiwan.

However the comments by President Trump which have probably incensed the Chinese leadership most were certain comments he made over the course of his recent speech to the United Nations General Assembly, in which he criticised socialism in the most trenchant terms

“The socialist dictatorship of Nicolas Maduro has inflicted terrible pain and suffering on the good people of that country. This corrupt regime destroyed a prosperous nation by imposing a failed ideology that has produced poverty and misery everywhere it has been tried……..

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Posted at 6:24 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

The “petro-yuan” is going to be a reality soon!

A Currency War Will Escalate as China’s ‘Petro-Yuan’ Is Set to Challenge the U.S. Military-Backed ‘Petro-Dollar’
November 3, 2017

One quote that always crosses my mind regarding the decline of the U.S. dollar and the state of geopolitics associated with it, is by Gerald Celente, founder of the Trends Research Institute who said that “When all else fails, they take you to war.”

As the U.S. dollar continues to lose its status as the world’s premiere reserve currency, the reality of a world war seems inevitable, especially when major countries such as China, Russia and Iran are making strategic moves to bypass the U.S. dollar in favor of other currencies such as China’s ‘Petro-Yuan’. China has made the decision to price oil in their own currency the “Yuan” by a new gold-backed futures contract which will change the dynamics of the world’s economy. China is preparing to launch the petro-Yuan later this year that will eventually threaten the U.S. dollar as the world’s reserve currency.

At the end of World War II, the international economic system was in shambles, so a plan was devised to create a new economic system. By July 1944, more than 730 delegates arrived at the United Nations Monetary and Financial Conference in Bretton Woods, New Hamphire and signed on to the historic Bretton Woods agreements which was a plan to set up a system of rules, regulations that eventually led to the creation of the International Bank for Reconstruction and Development (IBRD) and the International Monetary Fund (IMF). The IMF’s main purpose was to prevent any temporary imbalances of payments. The framework of the Bretton Woods agreements was to control the value of money between various countries. Each country had to have an established monetary policy that kept the exchange rate of its own currency within a fixed value in terms of gold. By 1971, the U.S. terminated the convertibility of the U.S. dollar to gold (at the time, the fixed rate of gold was at $35 an ounce) ending the Bretton Woods system allowing the U.S. dollar to become a fiat currency which has allowed central banks (especially the Federal Reserve bank) to “print money out of thin air.”

China’s move will have consequences. For starters, it will certainly undermine Washington’s ability to impose economic sanctions on any nation at will and at the same time, will slowly diminish the purchasing power for U.S. consumers as imports become more expensive.

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Posted at 10:01 AM (CST) by & filed under Jim's Mailbox.

Jim/Bill,

Descent into Hell.

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With the known drawbacks of Bitcoin (money laundering, speculative mania, no SEC oversight, etc.), and nobody in government caring, it appears organized crime has infiltrated the upper echelons of our government and society.

Bitcoin aside, we have manipulation of precious metals capping their rise, manipulation of equities and bonds providing a floor of support to prevent their descent back to a reversion of mean, corruption in all levels of government, and abuse of power by big pharma, defense companies, social media, and on and on.

I see us spiraling into the abyss called Hell, unless the populace takes hold of their own fate.

CIGA Wolfgang Rech

News Bites

Money Laundering Is Why Banks Stay Away From Bitcoin – Credit Suisse CEO
November 2, 2017

(Kitco News) – No matter how high bitcoin prices go or what records they break, banks will still have “no appetite” for the digital currency because of money laundering risks, said Credit Suisse Chief Executive Tidjane Thiam.

“Most banks in the current state of regulation have little or no appetite to get involved in a currency which has such anti-money laundering challenges,” Thiam said at a news conference in Zurich Thursday.

He clarified that anonymity associated with bitcoin is a significant problem for banks that will not go away.

On top of that, bitcoin is in a definite bubble, Thiam added, as all trades are based on “speculation.”

“From what we can identify, the only reason today to buy or sell bitcoin is to make money, which is the very definition of speculation and the very definition of a bubble,” he explained.

And such speculation has “rarely led to a happy end,” Thiam pointed out.

Bitcoin surged to a new all-time high on Thursday, breaching $7,000 for the very first time. According to Kitco’s aggregated charts, bitcoin was last seen at $7,038.50, after briefly touching a high of $7,350.

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No power = no bitcoin, but the geeks do not care. Courtesy of GG.

Jim

One Bitcoin Transaction Now Uses as Much Energy as Your House in a Week
November 1, 2017

Bitcoin’s incredible price run to break over $7,000 this year has sent its overall electricity consumption soaring, as people worldwide bring more energy-hungry computers online to mine the digital currency.

An index from cryptocurrency analyst Alex de Vries, aka Digiconomist, estimates that with prices the way they are now, it would be profitable for Bitcoin miners to burn through over 24 terawatt-hours of electricity annually as they compete to solve increasingly difficult cryptographic puzzles to “mine” more Bitcoins. That’s about as much as Nigeria, a country of 186 million people, uses in a year.

This averages out to a shocking 215 kilowatt-hours (KWh) of juice used by miners for each Bitcoin transaction (there are currently about 300,000 transactions per day). Since the average American household consumes 901 KWh per month, each Bitcoin transfer represents enough energy to run a comfortable house, and everything in it, for nearly a week. On a larger scale, De Vries’ index shows that bitcoin miners worldwide could be using enough electricity to at any given time to power about 2.26 million American homes.

Expressing Bitcoin’s energy use on a per-transaction basis is a useful abstraction. Bitcoin uses x energy in total, and this energy verifies/secures roughly 300k transactions per day. So this measure shows the value we get for all that electricity, since the verified transaction (and our confidence in it) is ultimately the end product.

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Posted at 9:53 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

Here is another “truth bomb”! It looks like Donna Brazile is trying to distance herself from Hillary by spilling some beans!

Inside Hillary Clinton’s Secret Takeover of the DNC
November 02, 2017

Beefore I called Bernie Sanders, I lit a candle in my living room and put on some gospel music. I wanted to center myself for what I knew would be an emotional phone call.

I had promised Bernie when I took the helm of the Democratic National Committee after the convention that I would get to the bottom of whether Hillary Clinton’s team had rigged the nomination process, as a cache of emails stolen by Russian hackers and posted online had suggested. I’d had my suspicions from the moment I walked in the door of the DNC a month or so earlier, based on the leaked emails. But who knew if some of them might have been forged? I needed to have solid proof, and so did Bernie.

So I followed the money. My predecessor, Florida Rep. Debbie Wasserman Schultz, had not been the most active chair in fundraising at a time when President Barack Obama’s neglect had left the party in significant debt. As Hillary’s campaign gained momentum, she resolved the party’s debt and put it on a starvation diet. It had become dependent on her campaign for survival, for which she expected to wield control of its operations.

Debbie was not a good manager. She hadn’t been very interested in controlling the party—she let Clinton’s headquarters in Brooklyn do as it desired so she didn’t have to inform the party officers how bad the situation was. How much control Brooklyn had and for how long was still something I had been trying to uncover for the last few weeks.

By September 7, the day I called Bernie, I had found my proof and it broke my heart.

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Bill Holter’s Commentary

Truth bomb…

Twitter-Russia Collusion?: New Email Reveals Twitter Pressing RT To Ramp Up Election Ads
November 2, 2017

A few weeks ago, after Twitter provided their first “Russian Collusion” update, which consisted basically of nothing other than details on the amount of advertising purchased by Russian news outlets via completely legitimate means, RT Editor-in-Chief Margarita Simonyan fired back at Twitter with a snarky article saying she wasn’t aware that paying for advertising is now considered suspicious or harmful in a developed democracy such as the United States.  She went on to say that she’s very excited to find out how much U.S. media outlets spend in the Russian segment of Twitter…you know, since advertising on social media in foreign countries now seems to be a criminal act.

“This is forcing us to go a step further and come clean that we also spent money on advertising at airports, in taxis, on billboards, on the Internet, on TV and radio. Even CNN ran our commercials,” Simonyan said. “By the way, similar campaigns are conducted by the American media in the Russian segment of Twitter. It’ll be very interesting to find out how much they spend on it, who they target and for what purpose.”

Well it seems that Simonyan may now be exacting her revenge on Twitter as the following email from one of the company’s advertising executives sent to RT conveniently made its way into the hands of BuzzFeed News.  Among other things, the email reveals a proverbial ‘full-court press’ from Twitter to get RT to ramp up their U.S. election advertising spend by offering 15% of Twitter’s total Share of Voice for the bargain basement prices of just $3 million.

As BuzzFeed notes, Twitter’s offer to RT would have increased the media outlet’s “influence” on the U.S. election by sevenfold.

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Bill Holter’s Commentary

Her highness says “funding the Trump dossier is not the same as working with Russians to influence the election” …so we ask, where exactly does being bribed with $145 million by the Russians to facilitate the sale of 20% of U.S. uranium rate in the scheme of things?  Last I heard, you can make some pretty big bombs with that stuff.  I suppose she might answer “what difference does is make now”?  I am not sure the woman even understands right from wrong so technically speaking it’s not her fault?

Hillary Clinton Defends Paying For The Steele Dossier Into Trump And Says It’s Not The Same As Working With Russians To Influence The Election
November 2, 2017

Hillary Clinton has defended her campaign for paying for the infamous Steele dossier into Donald Trump.

The former presidential candidate told Trevor Noah on the Daily Show that ‘of course’ there is a difference between paying for that information and colluding with Russia to influence the 2016 election.

Clinton said the dossier was simply ‘opposition research’ and pointed to the fact that it was not public knowledge during the election.

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Bill Holter’s Commentary

Please keep in mind what I wrote for subscribers yesterday regarding yield curves!

Yield Curve Flattest Since 2007 After Trump Tax Plan
November 2, 2017

If ‘growth’ was the goal of the tax-reform plan, the bond market ain’t buying it…

The yield curve continues to slump…

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Breaking down to new cycle lows – flattest since 2007…

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Bill Holter’s Commentary

So, this means the Donald was not a very good “colluder”?  It is getting to the point you cannot make this stuff up!

Facebook Admits That Russia Ads Are Actually Against Donald Trump
November 1, 2017

 

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Bill Holter’s Commentary

Merely a “dry run” by twitter!

Twitter Takes Responsibility For Trump Twitter Outage
November 2, 2017

WASHINGTON (AP) — President Donald Trump’s Twitter account briefly disappeared Thursday evening, but is now back up and running, according to the social messaging company.

Shortly before 7 p.m. Thursday, social media reports surfaced that the president’s personal account, @RealDonaldTrump, was unavailable, providing the error message that the user “does not exist.” The account was restored by 7:03 p.m.

Twitter took responsibility for the outage. In a tweeted statement, the company said Trump’s account was “inadvertently deactivated due to human error” by one of its employees. The account was unreachable for 11 minutes.

“We are continuing to investigate and are taking steps to prevent this from happening again,” the company statement continued.

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Bill Holter’s Commentary

“Hopelessly compromised” Maybe the understatement of the year?

“Hopelessly Compromised”: Judiciary Member Calls For Mueller’s Resignation Over Uranium One Scandal
November 3, 2017

Earlier this morning House Judiciary Committee representative Matt Gaetz (R-FL) submitted a resolution calling for Robert Mueller to resign as special counsel overseeing the FBI investigation of possible collusion between the Trump campaign and the Russian government saying, among other things, that the former FBI director is “hopelessly compromised” as a result of his failed oversight of the controversial Uranium One transaction. Here is an excerpt from a press release posted to Gaetz’s website earlier today:

“Evidence has emerged that the FBI withheld information from Congress and from the American people about Russian corruption of American uranium companies. A confidential U.S. witness, working in the Russian nuclear industry, revealed that Russia had deeply compromised an American uranium trucking firm through bribery and financial kickbacks.

Although federal agents possessed this information in 2010, the Department of Justice continued investigating this “matter” for over four years. The FBI, led at the time by Robert Mueller, required the confidential witness to sign a non-disclosure agreement. When the witness attempted to contact Congress and federal courts about the bribery and corruption he saw, he was threatened with legal action. By silencing him, Obama’s Justice Department and Mueller’s FBI knowingly kept Congress in the dark about Russia’s significant and illegal involvement with American uranium companies.

These deeply troubling events took place when Mr. Mueller was the Director of the FBI. As such, his impartiality is hopelessly compromised. He must step down immediately,” Rep. Gaetz said in a statement.

Gaetz’s resolution currently has two cosponsors, both of whom are members of the House Freedom Caucus: Representatives Andy Biggs (R-AZ) and Louie Gohmert (R-TX).

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