Posted at 8:04 AM (CST) by & filed under Jim's Mailbox.

A hell of a dilemma…they must inflate late cycle as inflation is soaring!

Bill

‘A physician cannot heal the sick if he is ignorant of the causes of certain conditions of the body, nor can a statesman help his fellow citizens if he cannot follow how, why, or by what process, each event had developed.’ Polybius. (200-118BC)

BTW: Be a humble, but careful, Seeker of Wisdom and Truth…

Posted at 9:25 AM (CST) by & filed under General Editorial.

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

Gerald Celente, a renowned trends researcher, is back this time to talk about what he is sees coming in 2022.  There is the never ending Covid, Vax Wars, military wars, economic upheaval, and even new predictions on the future of Donald Trump, Hillary Clinton and Ron DeSantis.  We start with what needs to be done to defeat the tyranny of the vax war on the global population.  Celente says, “Vax War,’ look at the protests going on in Austria.  Look at the protests going on in Germany, Italy, in France and the UK. . . . The only way this war will be won is if people unify under one umbrella and don’t leave.”

On the economy, Celente warns, “How about that bankster, that Fed Head Powell?  He said inflation was going to be ‘temporary.’  Oh no, it’s going to be ‘transitory.’  They were shooting out that BS one after another, and we said from the beginning, inflation is real and it’s going to keep going.  Guess what?  It’s not the supply chains–it’s all the cheap money they keep dumping into the system to artificially prop it up.”

Celente predicts, “The Fed is going to have to raise interest rates,” to stop what he is calling 1980’s style inflation. And he warns, “The higher interest rates go up, the further the economy is going to go down, and that’s what they are not talking about.”

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Posted at 9:20 AM (CST) by & filed under Jim's Mailbox.

So, debt is good until there is too much…then it’s not “good” any longer?

Bill

‘If you do not change direction, you may end up where you are heading.’ Lau Tzu. (circa 600BC).

Posted at 8:02 AM (CST) by & filed under General Editorial.

This call was made available to subscribers on December 9, 2021.

This week we interviewed Greg Orrell, president of the OCM Gold fund. Greg has managed the fund since 1996 with extremely impressive morningstar ratings. We asked Greg for an overview of the mining industry, global economies and financial systems. If you own gold, silver or the mining shares, do not miss this interview!

Posted at 10:55 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

So much for transparency?
The Fed Pulls a Dark Curtain Around Former Dallas Fed President, Robert Kaplan, and His Trading in S&P 500 Futures
December 9, 2021
On October 12, Wall Street On Parade filed a Freedom of Information Act (FOIA) request with the Federal Reserve Board of Governors seeking the specific dates on which former Dallas Fed President, Robert Kaplan, had made purchases and sales in S&P 500 futures contracts in 2020. According to Kaplan’s financial disclosure forms, he had made “multiple” transactions of over $1 million in S&P 500 futures during 2020, the year that he sat as a voting member of the Federal Open Market Committee and was privy to the Fed’s unprecedented interventions in the market during the economic upheaval from the pandemic. (See Kaplan’s financial disclosure forms from 2015 through 2020 here.)

Kaplan was under very precise instructions on his annual financial disclosure form to provide the “month, day, year” of each of his purchases of securities and each of his sales. But throughout his tenure at the Dallas Fed, Kaplan listed only the word “multiple” where the specific date should have appeared on the form.

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Posted at 10:40 AM (CST) by & filed under Jim's Mailbox.

Chris Marcus is a dog on the mailman’s leg!

Bill


CFTC Suppresses Silver Manipulation Evidence Again

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Only the beginning!

Bill

Evergrande Downgraded; Yet Not In Liquidation-Why Have They Sold Assets Before Going Into Receivership?-It Apparently Wasn’t For Any Interest/Principle Payments Since September 2021
December 9, 2021

Today Forbes reported that Evergrande was downgraded to ‘RD (Restricted Default)’ status.

According to former Fitch analyst Dr. Marco Metzler: …’Fitch’s definition of an “RD” rating equals a non-payment of principal. The company has suffered a so called unfunded default on a material financial obligation, but has not yet entered bankruptcy, administration, receivership, liquidation or other formal resolution proceedings, and has not otherwise ceased operations. ’…(from Dr. Metzler’s LinkedIn Post dated today December 9, 2021)

So since Evergrande is not yet in receivership, they do not have an apparent obligation to take any action at this point to ameliorate the financial loss of the bond holders. With Evergrande bonds trading in the low 20’s the pain is severe.

What is disturbing is that Evergrande has been selling assets for nebulous purposes that may or may not end up in the hands of the victimized bondholders. On Nov. 26, 2021 the Wall Street Journal reported that the founder and chairman Hui Ka Yan of China Evergrande Group, has sold a large chunk of his shares, raising the equivalent of about $343 million. Further in the article it states: …’The proceeds from Mr. Hui’s sale will be used to fund the developer, a person familiar with the situation said.’… Did that say it would go to pay interest and principle of its past due bonds? No, it did not.

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Posted at 9:02 AM (CST) by & filed under USAWatchdog.com.

By Greg Hunter’s USAWatchdog.com

Macroeconomic analyst Rob Kirby has long predicted Fed money printing would have to go “on a vertical curve where money has to be added to the system . . . to keep the system from crapping out and imploding.”  Kirby said this more than a year ago.  Massive money printing can no longer be hidden, and it has disastrous and dire implications for the dollar. Kirby explains, “They are not hiding it.  It’s too big.  If you have an elephant under your carpet in the living room, you can’t say ignore the bump.  Elephants are hard to hide.  It’s also hard to hide $150 billion in daily turnover in cryptos.  That translates into a $54 trillion annual run rate.  That means trade settlement.  This is admitting there is trade settlement in dollars, and that amount is growing.  The dollar is on this exponential growth curve.  More dollars are being pushed into the world market every year, and fewer of them are being used in trade settlement.  What happens when dollars are not used in trade settlement?  They return home.  The dollars are returning home, and that’s why the price for everything in America is going up.  That’s why the equity markets are higher when fundamentals say the equity markets should be down.  We have a huge swath of the economy in America that is still shuttered from this supposed pandemic.”

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Posted at 8:51 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

It’s about time!

Money Talks: Donors Show The Path To Restoring Freedom Of Thought And Speech In Higher Education – Wirepoints
December 1, 2021

By: Mark Glennon*

A welcome trend is unfolding in higher education. Wealthy donors are using their clout to fight the cancel mobs and woke radicals now dominating most colleges and universities. No freedom of speech or thought? Then no money for you, they are saying.

A Monday Wall Street Journal column described the movement, reporting that that dissident alumni organizations targeting at least 20 schools have formed over the last couple of years – including several this fall.

Unfortunately, there was no mention of any Illinois schools, and I have found no such groups targeting Illinois schools like Northwestern, DePaul and the University of Illinois, which have been among those that have too often traded academic freedom for mob rule.

But the path now seems clear for such groups to form here and everywhere. An umbrella organization for them has now been formed called the Alumni Free Speech Alliance.

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