Posted at 8:48 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

Why? Because they can monetize more efficiently?

Fed To Treasury Dealers And Congress: We Can’t Count On You, We’re Taking Charge
May 24, 2021

The Fed sees itself as trapped by the incompetence and greed of the other players and by its own policy extremes that were little more than expedient “saves” of a system that is unraveling due to its fragility and brittleness. .

There are two standard-issue narratives about the Federal Reserve’s agenda: the Fed’s official narrative is that the Fed’s mandate is to keep inflation under control while promoting full employment. The unofficial mandate that’s obvious to all is to prop up assets, especially the stock market, which has become the Fed’s preferred signifier of prosperity and the rightness/goodness of Fed policies.

The other narrative results from “following the money”: the Fed is owned by private-sector banks, and so behind the curtain of happy-talk (full employment, blah-blah-blah), the Fed’s only real agenda is to further enrich banks and too big to fail/jail financiers–something it has managed to do with remarkable success.

That the Fed inflated the 1999-2000 dot-com bubble and the 2005-2008 housing bubble is undeniable, as is the Fed’s 2008-09 bailout of the global financial system and too big to fail/jail mortgage originators and a vast array of other profiteering, embezzler-scoundrels.

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Posted at 12:24 PM (CST) by & filed under Jim's Mailbox.

As we have told you for years, IT IS ALL ABOUT CREDIT!
Courtesy of JB.
Bill

Fed Alert: Reverse Repo Usage Nears Record As Repo Market Set To Blow
May 24, 2021
Ahead of today’s 1:15pm overnight Reverse Repo deadline we asked if today is the day the repo market finallys crack, pushing the amount of reserves parked at the Fed to a new record above $500 billion.

We were off, but not by too much: on Monday, the Fed revealed that the amount of overnight reserves parked at the Fed rose by another $26BN to $394.9BN (with 54 counteparties) from $369BN (52 counteparties) on Friday, which was the 5th highest in history, up a whopping $186 billion in one week and the highest non-quarter end reverse repo usage ever!

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Posted at 12:01 PM (CST) by & filed under Jim's Mailbox.

Bill/Jim,
Ever wonder why they portray Bitcoin (or any crypto currency) as a gold or silver coin?
Speaks volumes, if only the youngins would listen.
CIGA Wolfgang
Wolfgang is back and still watching.
Bill

eth bitcoin 5.22

Weekend visuals.

Bill

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Posted at 4:56 PM (CST) by & filed under USAWatchdog.com.

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

Economist John Williams, founder of ShadowStats.com, says the Federal Reserve has painted itself into such a tight corner with the economy it really has only two choices.  Williams says it comes down to “Inflation or Implosion.” What would happen to the financial system if the Fed stopped printing massive amounts of money for stimulus and debt service?  Williams explains, “You could see financial implosion by preventing liquidity being put into the system.  The system needs liquidity (freshly created dollars) to function. Without that liquidity, you would see more of an economic implosion than you have already seen.  In fact, I will contend that the headline pandemic numbers have actually been a lot worse than they have been reporting.  It also means we are not recovering quite as quickly.  The Fed needs to keep the banking system afloat.  They want to keep the economy afloat.  All that requires a tremendous influx of liquidity in these difficult times.”

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Posted at 3:43 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

Turning up the heat on the supply/demand equation?

Russian Cabinet Validates Possibility To Invest Funds Of National Wealth Fund In Gold
May 21, 2021
MOSCOW, May 22. /TASS/. Russian Prime Minister Mikhail Mishustin has signed a decree validating the possibility of investing the funds of the National Wealth Fund (NWF) in gold, according to a statement released on the website of the government.


“It will be possible to place the funds of the National Wealth Fund (NWF) on bank accounts with the Bank of Russia in precious metals, particularly in gold, which is traditionally a defensive asset,” the explanatory note to the document said.


The earnings of the NWF’s funds invested in gold will be formed based on transactions on its purchase and sale considering the gold prices effective on the day of payment, the government said.


The decision will make it possible to diversify the investments by the Fund in a move to guard them against loss, as well as increase yield, according to the explanatory note.


The Russian Financial Ministry announced plans in late March to expand the possibility of investing the funds of the National Wealth Fund in gold as a traditional ‘defensive’ asset.

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Posted at 9:27 AM (CST) by & filed under Jim's Mailbox.

More debt, more money and nonexistent velocity…can you imagine what happens once velocity turns up?

Bill

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Posted at 11:45 AM (CST) by & filed under USAWatchdog.com.

By Greg Hunter’s USAWatchdog.com

Climate engineering researcher Dane Wigington contends the severe drought unfolding in the Western United States is only going to get worse.  It’s being called a “Mega-Drought,” and it is no act of nature.  Wigington says this extreme drought is being caused by geoengineering, which is manmade weather modification.  Wigington explains, “The gravity of what’s unfolding on our planet when we have this type of intervention in the Earth’s life support systems is beyond grave.  The threat is very immediate.  The drought monitor data, as bad as it looks (from the U.S. government), is being falsified to the downside.  It’s actually far worse than the (drought) map even reveals.  This is the worst drought in 1,200 years in the U.S. West.  It can be directly attributed to the ongoing climate engineering and aerosol spraying operations.”

Is the United States going to have big food deficits this year?  Wigington says, “There is no question about that.  In California, in my region, Northern California, it’s getting more difficult to grow anything.  We have almond orchards that are being sprayed around the perimeter to try to protect it from UV.  They are trying to use what limited water they have now.  Lake Shasta is in my backyard, and we are here in spring and the lake is nearly empty now.  The Sacramento River has been a trickle because they are letting out as little water as they can to try to retain that water in the lake.”

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