Posted at 7:02 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

A very good read from The Saker.

Old Way, New Way

The hardest part of living through a time of wrenching change is that nobody particularly bothers to inform you that the times have changed and that nothing will be the same again. Certainly not the talking heads on TV, who are often the last to know. You have to figure it out for yourself if you can. But I am here to help.


Bill Holter’s Commentary

Is this like “turn out the lights, the party’s over”?

Macron Announces Street Lights Will be Turned Off in Response to Energy Crisis


Posted at 7:51 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

Dismal Dave serves up graphics.

‘The study of money, above all other fields in economics, is one in which complexity is used to disguise the truth, or to evade truth, NOT to reveal it.’ John K. Galbraith. (1908-2006). 

Bill Holter’s Commentary

Truth, Justice, and the American way!  He must have read the book Confessions of an economic hitman?

SEE IT: John Bolton admits he helped plan coups in other countries

Former national security adviser John Bolton hinted at recent U.S. involvement in planning foreign coups in a shocking interview moment.


Posted at 4:46 PM (CST) by & filed under In The News.

Bill Holter’s commentary

“Truth, Justice, and the American way!  He must have read the book Confessions of an economic hitman?”

Former national security adviser John Bolton hinted at recent U.S. involvement in planning foreign coups in a shocking interview moment. Discussing the latest Jan. 6 committee hearing on Tuesday, Bolton responded to CNN anchor Jake Tapper saying that one doesn’t need to be brilliant to plan a coup.


Posted at 4:43 PM (CST) by & filed under

 Financial writer, market analyst and precious metals expert Craig Hemke predicted at the beginning of 2022, “This is going to be a wild, unpredictable year.  It will be volatile.”  He’s been right, and, now, for the second act or second half of the year.  Hemke says, “You can believe in magic or you can believe in math, and if you believe in math — buy gold.”

The math, according to Hemke, says the Fed is about to do an about-face and start money printing and cutting rates.  Please keep in mind, by every metric, the economy is tanking, and this is an election year where the Democrats in power are weaker than they have ever been.  Hemke says, “We are already in a recession, and that is a textbook definition.    People are hurting badly.  Everybody knows this. . . . What’s going to happen is the interest rate picture is going to get completely out of control, or what is most likely going to happen and that is the Fed is . . . going to put the pedal to the metal with QE (money printing) up to your eyeballs trying to rush to catch up with that train that is accelerating away from them.  Man, this is coming. . . . What keeps me going is the math, and that is the math.  This is going to happen, and it will be sometime soon. . . . That is when the flood gates open again, and investment demand for everything precious metal . . . the cash comes flowing into the sector and the price takes off.  Sometimes it will move up by 50% in five months as it has in the past.”

Hemke says inflation is the cause of the downfall of countries and the rise of tyrants and reads a passage from the book “When Money Dies.”   Hemke says, “Inflation could produce the conditions where extremists of right and left could raise the mob against the state, set class against class, race against race, family against family, husband against wife, trade against trade, town against country.  It undermined national resolution simply when want or need might have bolstered it.  It causes fear and insecurity with those who have already known too much of both. . . . it prompted contempt for government and subversion of law.  That was Germany in 1922.  How is that not the U.S. in 2022?  Amazing!! . . . We are preparing for the end of the debt-based system, and gold and silver are your life boat in the storm.”

There is much more in the 45 min interview.

Join Greg Hunter of as he goes One-on-One with Craig Hemke of the popular website 7.12.22.

Here’s the link:  The Math Says Buy Gold & Silver Now – Craig Hemke | Greg Hunter’s USAWatchdog   

Thanks for considering linking to this post.


Posted at 8:01 AM (CST) by & filed under In The News.

Bill Holter’s commentary

“And the Fed says they are going to shrink their balance sheet?  This will be epic!”

‘Look back over the past, with its changing empires that rose and fell, and you can foresee the future, too.’  Marcus Aurelius. (180BC-121BC).

Bill Holter’s commentary

“And they ultimately will …”

BRICS members call for cross-border payment in BRICS currencies to challenge the U.S. dollar.

The BRICS—an acronym for Brazil, Russia, India, China, and South Africa—held a summit on June 23. The meeting, chaired by Chinese leader Xi Jinping, was part of a lengthy series of BRICS cooperation events, which began on June 6 with the second finance ministers and central bank governors meeting and ended with the second meeting of the committee of senior energy officials on June 28.


Bill Holter’s commentary

.”.. Aannd it’s GONE!”

The co-founders of failed crypto hedge fund Three Arrows Capital appear to be on the run from creditors, according to court documents recently filed in New York.

Lawyers representing the creditors say the physical whereabouts of Zhu Su and Kyle Davies, who started Three Arrows in 2012, are “currently unknown,” ahead of a hearing that is scheduled for 9 a.m. ET on Tuesday to discuss next steps in the liquidation process. The documents, filed Friday evening, also allege that the founders have not yet begun to cooperate with the liquidation process “in any meaningful manner.” On Monday, lawyers requested the court keep the identity of the creditors anonymous.


Posted at 12:34 PM (CST) by & filed under Jim's Mailbox.

Please read this excellent article sent to us by our weekly David.

Bill this is long but so full of facts as to where we are in this war and how we got here it is well worth the time if you agree with his facts it would be a great post to help all readers.

Raymond McGovern (born August 25, 1939) is a former Central Intelligence Agency (CIA) officer turned political activist.[1] McGovern was a CIA analyst from 1963 to 1990, and in the 1980s chaired National Intelligence Estimates and prepared the President’s Daily Brief. He received the Intelligence Commendation Medal at his retirement, returning it in 2006 to protest the CIA’s involvement in torture

TIME OUT! Let’s think this through. We are told that Russia’s invasion of Ukraine was “unprovoked”. But was it?

How can we estimate how far west Russia’s forces will advance, without knowing why Russia invaded Ukraine in the first place? Theories abound; evidence is available but is overlooked, or hidden.

I apply the skills I learned as a Kremlinologist to scrub official statements, rinse them thoroughly, and squeeze out meaning.

This was known, back in the day, as “media analysis” and remains a lucrative tool. Often, though, it requires “getting into the weeds”. Those weeds cannot always be included in more broad-brush analyses like those of John Mearsheimer, but often add a brick or two to the foundation of his incisive conclusions.

To include weeds and bricks in digestible form I included slides. But the tone is informal, unpolished.

There was not enough time to pay adequate attention to the broader implications of the war in Ukraine. The new conditions brought on by the war in Ukraine constitute, in my view, a liminal event. Putin, in effect, has decided to put an end to Peter the Great’s (early 1700s) foundational effort to play catch-up ball with the West and shoehorn a relatively backward Russia into Europe.

Now the “window” Peter tried to break through to Europe has been closed shut – at least for the nonce. Russia is backward no more and has powerful supporters elsewhere – many of whom are similarly fed up with the West.

An iron curtain, so to speak, has been drawn down on the Russian side of Peter’s window, as Putin looks east for less threatening friends – allies even. The world has again become bipolar; but now it’s the lily-white West against pretty much the rest of the world. As the Chinese officials used to put it in the vernacular (while issuing umpteen warnings to the West), “This will come to a no-good end.”

One can but hope that the East will remain aware of Sun Tzu’s dictum of 25 centuries ago:

“Avoiding a clash with great powers does not indicate cowardice, but wisdom, because sacrificing oneself is never an advantage anywhere” (The Art of War ).

Posted at 6:25 AM (CST) by & filed under Bill Holter.

Bill Holter’s commentary

Selling our oil from the strategic reserve, what a brilliant idea!

‘If you make yourself sheep, the wolves will eat you.’ Benjamin Franklin. (1706-1790).

Bill Holter’s commentary

A first hand description of what is happening in Sri Lanka.  We should not have to tell you this but we will …”coming to a theatre near you”!

Firsthand report from Sri Lanka

Hi M,

So lovely to hear from you and thank you so much for checking in on me. I am doing ok; so is my family. To be honest our lives have changed so much in the past few months I can’t even begin to explain how bad things are over here. We have power cuts, there’s no fuel, and fuel lines go on for miles so we have started to cycle/walk (in the heat)/work from home. There are no medications, so doctors have stoped treating certain illnesses.  The list goes on.

Inflation reached 50% this month and we are expecting it to go to 70-80%, so we have lost our wealth overnight. And the SL rupee has depreciated so much we can’t afford most of the luxuries we used to have. Work is crazy because markets keep crashing every day. People are starving because they can’t afford food anymore. , Schools are closed, universities are closed and exams are postponed.

Whatever you hear in the media, it is all true. People’s lives are ruined by this mad government and it’s down to back wrong economic decisions. This is a populist government which came to power using a racist agenda, with no knowledge of how an economy should work. So they cut taxes as soon as they took over, which crated so much pressure on the economy.  The Central bank kept printing money to fund expenditure which made things worse. Our reserves kept falling because tourism was badly affected by the pandemic. But they kept the rupee fixed for over a year and suddenly floated the currency this year – resulting in a sharp crash creating a huge burden on all parts of the economy. And all the while they kept saying they have “homegrown solutions” to our problems and didn’t seek IMF support. They kept repaying international sovereign bonds even in January of this year, knowing very well that we won’t be able to afford fuel and medicines with the little reserves we had at the time.

So we are right now at rock bottom, and this corrupt government keeps refusing to resign, so yesterday things took a different turn. I never in my life imagined protesting against a government but I did yesterday. So did everyone I know. But we still don’t seem to have a solution. They are still in power (and in hiding!). So this is basically where we are right now. But I really am grateful I still live a privileged life compared to most people. So we try and help those who need help as much as possible. Thanks again M, for writing. And thanks for offering help. This really means a lot. Please tell people in your part of the world how amazing our people are and how they don’t deserve anything they are going through right now. Hope all is going well with you as well. In the midst of all this, I keep forgetting that things aren’t too great globally as well. Really hope everything is going well for you. Thanks again and pls keep in touch.


Posted at 12:36 PM (CST) by & filed under Bill Holter.

Bill Holter’s commentary

“This is a very thoughtful piece by Gail Tverberg, but only one major piece to the puzzle.  The other iceberg dead ahead are currencies.  There’s not enough money supply to ever pay down the debt outstanding… unless of course you print more?”

Are we headed for very high energy prices? Or, are we headed for a financial system that starts falling apart? The whole economic system may change remarkably. For example, what many people thought was money, or a promised pension plan, may not really be there when the time comes to get value from it. Shelves in stores may be empty when it comes time to make a purchase.


Bill Holter’s commentary


“For years criminal organizations around the world were buying a special phone called Anom. The pitch was that it was completely anonymous and secure, a way for criminals to do business without authorities watching over their shoulder. 

It turned out that the whole thing was an elaborate honeypot and that the FBI and law enforcement agencies around the world were listening in. They’d help develop the phones themselves.”