Bill Holter’s Commentary
Well there you have it folks, those pulling the levers are allowed to front run their own policy and make personal gains. I guess just another “conspiracy theory” to scratch off the list because it was true?
Dallas Fed President Traded S&P 500 Futures. Dallas Fed Will Not Say If He Shorted the Market During Pandemic Crisis in 2020
September 18, 2021 ~
A transaction that has been missed by major news outlets on the financial disclosure form for Dallas Fed President, Robert Kaplan, is a line item showing that Kaplan made “multiple” trades of more than $1 million in S&P 500 futures.
This is a stunning revelation for a multitude of reasons. First, Kaplan’s financial disclosure form shows that he already had exposure to the S&P 500 through more than $1 million in an S&P 500 Exchange Traded Fund (ETF), which trades during regular stock market hours.
Using S&P 500 futures gave Kaplan access to making directional bets on where the market would go after the stock market closed, which is typically when the Fed makes market-moving announcements.
The most popular and liquid S&P 500 futures contract is the E-mini S&P 500. A person can get as much as 95 percent leverage on this contract – far more than the 50 percent leverage that is available for stock trades.
The S&P 500 E-mini trades continuously from 6 p.m. Sunday night through 5 p.m. on Friday evening (EDT). The stock market is open only from 9:30 a.m. to 4 p.m. (EDT) weekdays.
Visuals from our pal Dismal Dave from down under.
Bill Holter’s Commentary
Ministry of Manipulation: No Wonder Trust and Credibility Have Been Lost
September 17, 2021
Now that every financial game in America has been rigged to benefit the few at the expense of the many, trust and credibility has evaporated like an ice cube on a summer day in Death Valley.
Here is America in a nutshell: we no longer solve problems, we manipulate the narrative and then declare the problem has been solved. Actually solving problems is difficult and generally requires sacrifices that are proportionate to one’s wealth and power. But since America’s elite are no longer willing to sacrifice any of their vast power for the common good, sacrifice is out in America unless it can be dumped on wage earners. But unfortunately for America’s elite, four decades of hidden-by-manipulation sacrifices have stripmined average wage earners, and so they no longer have anything left to sacrifice.
Enter the Ministry of Manipulation, which adjusts the visible bits to align with the narrative that the problem has been fixed and the status quo is godlike in its technocratic powers. All this manipulation doesn’t actually solve the problems, it simply hides the decay behind gamed statistics, financial trickery and glossy PR. The problems fester until they break through the manipulated gloss and the public witnesses the breakdown of all the systems that were presented as rock-solid and forever.
Let’s take three core fields of manipulation: cost of living, Social Security and the stock market bubble. Each is a key signifier of the status quo functioning as advertised, and so manipulating them to fit the narrative is the elite’s prime directive. Goodness knows what would happen if people were exposed to the unmanipulated reality, but it wouldn’t be good for America’s self-serving power elite.
The presentation of the CEO of Tanzanian Gold in Denver.
By Greg Hunter’s USAWatchdog.com (Saturday Post)
Karen Kingston is a top pharmaceutical analyst who has researched and written about many cutting edge drugs. She has been ostracized and attacked by Big Pharma because she is speaking out about the great harm being done by the so-called CV19 vaccines. Everything from heart failure, cancer and even ED are just some of the side effects of the vax injections. More and more is coming out about how the “vaccines” are hurting and killing people. Kingston, who has read and studied hundreds of pages of CV19 vaccine patents, says, “They are not vaccines. They are only intended to poison, mutate, cause genetic mutations, and kill adults and children. They contain advanced medical technologies called lipid nanoparticles that are made of hydrogel, which contains graphene oxide (poison to humans). . . . There are strong immunosuppressants, different types of chemotherapies that could suppress your immune system while being injected by something that is going to highjack your immune system . . . . and actually produce this disease causing genetic material that can cause cancers, inflammatory diseases, genetic disorders, infertility and etc. That’s when I cried, not for myself or my family, but for God’s children basically.”
New research has come out this week from pathologist Dr. Ryan Cole, and he is seeing cancers in the fully vaccinated 20 times higher than normal. Kingston is not surprised and says, “I believe that’s (20 fold increase of cancers) a very conservative estimate as far as the increase of cancers we are going to witness in people who are injected with these ‘Emergency Use Authorization’ injections. What happened with the FDA is they violated their own laws. . . . They actually have to prove that they have done all the tests and prove there is minimal risk to humans. That would be the pre-clinical testing or the animal testing, but they skipped the animal testing . . .”
…and the source of capital for the buybacks is? Yes, you guessed it…DEBT!
Bill Holter’s Commentary
Good thing this could never happen in the US…
“Investors can invest in residential housing units at a 28% discount, offices at a 46% discount and stores and parking units at 52%”.
China Braces For “Nightmare Scenario” As Evergrande Offers Broke Investors Discounted Apartments
September 16, 2021
Up until now the collapse of China’s Evergrande was very much a slow motion affair, captured perhaps best by Forte Securities trader Keith Temperton who said that “the Asian banks will get hit hard if there’s a default, but then there will be a 10-year recovery process. The market’s getting a hang of it. The way they’ve managed the news flow seems quite clever. They haven’t let a swathe of bad news at once.” But while Beijing was indeed successful in extending the period of collapse as long as possible, now that Evergrande is effectively insolvent and having suspended its bonds from trading we have finally gotten to the endgame and the realization that hundreds of billions in capital (Evergrande’s total debt was just over $300 billion) is gone for ever.
This realization has already prompted angry protesters at China Evergrande Group offices across the country as the developer has fallen further behind on promises to more than 70,000 investors. Construction of unfinished properties with enough floor space to cover three-fourths of Manhattan grinds to a halt, leaving more than a million homebuyers in
In an effort to appease its angry (and very soon, poor) stakeholders, Evergrande plans to let consumers and staff bid on discounted properties this month to repay them for billions in overdue investment products as the embattled developer seeks to preserve cash, according to people familiar with the matter.
According to Bloomberg, the company will organize an online property event by Sept. 30 for investors who opt for discounted real estate in lieu of cash, said two employees who were briefed on an internal call Thursday and asked not to be identified. The world’s most-indebted property developer is pushing the discounted real estate as the preferred of three options for angry investors seeking repayments.