Posted at 10:12 AM (CST) by & filed under USAWatchdog.com.

Greg Hunter’s USAWatchdog.com (Early Sunday Release)

Mark Taylor, author of the popular book “The Trump Prophecies,” predicted Donald Trump would become President more than a year before the 2016 election. Taylor made many other predictions, too, such as “China would be put in its place.” Look what is happening now with its economy, dissolving trade deals and tensions between China and the U.S. over the Wuhan virus. Taylor contends, “China is finished. It was a year and a half ago on USAWatchdog.com, and at the time, it was Russia, Russia, Russia . . . and at the same time, I said Russia was not the enemy. I said China was the enemy. I said China would be put in its place. I said you would see tariffs, a trade war or all of the above. . . . Even I did not realize it would be this Wuhan virus that was going to take China down. China is finished because what you are seeing now is all the above and a whole lot more. The entire world right now is coming down on China.”

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Posted at 9:02 AM (CST) by & filed under General Editorial.

Great and Wonderful Friday Morning Folks,

       Gold is higher again in the early morning with the trade at $1,742.10, up $13.10 and right close to the high at $1,742.90 with the low at $1,725.30. Silver is leading percentage wise with its trade at $18.26, up 29.3 cents with the high at $18.34 and the low at $17.81. The US Dollar seems to be losing its gravitational pull to par with the trade at 98.035, down 33.7 points and right by it’s low at 98.015 with the high at 98.55. Of course, all this was done while we slept, by Algo’s, before 5 am pst, the Comex open, the London close, and after one heck of a great week for precious metals.

      We see nothing but gains in the emerging markets this Friday. In Venezuela, Gold is now priced at 17,399.22 Bolivar proving a gain of 32.95 with Silver gaining 3.496 Bolivar with its price at 182.372. Argentina’s currency now has Gold valued at 119,086.58 Peso’s giving the noble metal an additional 346.03 Peso’s gain with Silver gaining 25.10 A-Peso’s with its price at 1,248.25. The Turkish Lira’s price for Gold now rests at 11,901.29 showing a gain of 50.03 Lira’s from yesterday’s price with Silver at 124.738, gaining 2.665 T-Lira.

      Today is First Notice Day in June’s precious metals deliveries. This means 100% margins are applied to all trades inside the delivery months (with the exception of spread traders who get a special manipulating discount) with today’s starting count for Silver at 365 and with a Volume of 4 posted up on the board with a single price at $17.865. The Delivery months Open Interest dropped by 9 leaving a request for 1,825,000 ounces standing for delivery. While the prices climb, so does the Open Interest as another 4,018 more short contracts had to be added into the mix or Silver would be substantially higher than it is now, bringing the total to 163,068 positions, against the price and as the deliveries continue.

      June Gold’s Delivery Demands now stand at 47,319 contracts proving 13,949 positions jumped the delivery boat from yesterday, with today’s early morning trading range between $1,728.50 and $1,715.10 with the last trade at the high. That’s still a real high number that Comex has to deal with as we watch the world continuing to see the demands for protection gain, as the world’s printer’s fiddle to the flames. We got a lot of strange going on between the 2 precious metals as Gold’s Open Interest continues to decline as another 2,565 left the trade leaving a total of 510,908 Overnighters still in the trade.

     Here’s more on “the strange in the game”. Gold’s Overall Open Interest since last Friday fell by 19,235 Contracts. Silver’s OI gained 7,707 within the same time period. It maybe the Resolutes are stretching this inter-commodity-spread between the two to see where the weaknesses really are. Regardless, the buys are solid and the miners maybe starting to refine again (maybe). It will take a long time to see the flow rise up to what it was before the shutdown. Nothing will stop the collapse of the economic system, all we have to do is wait it out as the anger rises, and as the media misdirects once again.

     We need to pray for calm, the rush to anger winds up never being a good thing. Rioters do no one any good, but for now they have the stage and it’s all being recorded. All the video cameras and drones, will highlight those that rob, burn, and beat others, who had nothing to do with the event that caused this. In the meantime, make the weekend outstanding! Stay away from the crowds, keep your second Amendment right at arm’s length, and stay calm. We’ll make it through the mess the media is using to inflate the hate. Stay safe, keep calm, and as always

Stay Strong!

Jeremiah Johnson

Posted at 2:15 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

A glaring visual. The elephant in the room? Silver!

All of the World’s Money and Markets in One Visualization
May 27, 2020

all-the-worlds-money-2020-01-1

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Bill Holter’s Commentary

Do you consent?

A US Economic and Political Reckoning Is Being Scheduled_001

A US Economic and Political Reckoning Is Being Scheduled_002

Posted at 10:18 AM (CST) by & filed under USAWatchdog.com.

Greg Hunter’s  USAWatchdog.com

Everyone needs be looking past the Coronavirus crisis and at what governments are trying to do to counter the economic destruction and massive unemployment. Is the financial cure worse than the disease? Financial writer John Rubino says look at commercial real estate as an omen of what is to come. Rubino explains, “Sooner or later you’ve got to pay your bills, and if you don’t have anybody paying your bills to you, then you go bankrupt. Commercial real estate could just be a blood bath, which take us back to all the bailouts. You can’t let a big sector go bust in this world because suddenly everything is too big to fail. There is not a major sector out there that can be allowed to go bust. Not the airlines, not commercial real estate, certainly not the banks, you name it and it has to be bailed out. That’s where the really crazy stuff starts. When people figure out we are basically bailing out everybody from home owners to student loan holders, to car loan holders and right down the line, and then we get state and local governments with this gigantic multi-trillion dollar problem . . . and the amount of debt is off the charts to bail all of these guys out, that is when the real fun starts.”

How long will the bailouts go on? Rubino says, “We are heading into a Presidential election, which means we cannot let anything major fail. If you are the Trump Administration and Congress, you can’t let something big fail because it’s a crisis right before you need to get re-elected. So, you’ve got to bail people out. That’s what California, Illinois and Chicago, New York, Kentucky and all the bankrupt and badly run states have been hoping for all along. They have been hoping there would be a big crisis that would bail them out of their horrendous mismanagement of the past 20 or 30 years. There was no way that Illinois was not going to go bankrupt in normal times . . . or Chicago. . . . Now, they can go to the federal government and say we need a trillion dollars right now or we are going to lay off all the cops and all the teachers, and they think they have a pretty good chance of getting the bailout because the alternative is poison for the people running for office . . . . If you are the Trump Administration or Congress, I don’t see how you stop bailing people out before the election.”

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Posted at 11:11 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

As per John Exter’s inverted pyramid, we shall soon learn exactly how little gold exists versus paper/debt assets blowing up and becoming worthless. 

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Great Depression to our Depression: Debt Deflation Doom Loop Lessons
May 24, 2020

We are now in the crosshairs of a mega debt deflationary bankruptcy phase.

Some of our sharpest forefathers left us illustrations to better understand how this cycle operates. It helps that many both actually lived through and studied the last one fresh off it happening. No not this fiat currency bifurcated ivory tower era thinking either ( not you bailout Bernanke).

DEBT DEFLATION BANKRUPTCY LESSONS

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Posted at 9:37 AM (CST) by & filed under General Editorial.

Remember 2 months ago when friends, family, and other acquaintances came to you asking for your opinion and even advice? Things looked very dour indeed and people for the most part were in full blown panic mode. They were going to lose their job, they were losing their money and if they left the safety of their home…they were going to DIE!

For a brief moment, you were no longer an idiot. Still strange maybe, but because it looked as if everything was spinning out of control, it was you they sought advice from. It was you because maybe you were the only one warning them prior, or maybe THE only one they knew who had counseled caution? You might have even heard from people you hadn’t seen or heard from in years? You might have even had relatives that needed help financially and you helped them? Very briefly, you were no longer an idiot!

Alternatively, some may have thought you even a bigger idiot than before? Some, maybe even many, only feared the virus and believed we would be back to “normal” in short order? This group believed you were dead wrong about the economy, the markets etc. Not only were you dead wrong but plain foolish because you prepped for something that would never come? (Even if it was not you who had to stand in line to purchase four rolls of toilet paper). In any case, you are still an idiot…again!

The average person has been duped again for the umpteenth time. Yes we have had 39 million new claims for unemployment. Yes there have been (and will be) many old line corporations file bankruptcy, and yes a huge percentage of debt versus all sorts of real estate go into arrears but not to worry! Not to worry because the government has (and will) save us all. Not to worry because whatever is needed to spend will be spent and all will be good. Just look to the stock market as proof! While those 39 million new unemployment claims were being filed, the stock market climbed over 30%. The unicorn juice of the stock market not falling any further has served to calm the public nerve!

But now for the reality. The reality is this, the next few months will likely become a financial and economic nightmare. Just as an atomic bomb exploding 10 miles away, you see the flash, you then hear the bang but nothing happens immediately. “Immediately” is where we stand today. The concussion and destruction is delayed but when is does arrive it demolishes everything.

Plain and simple, the world was already seriously rolling over in the fourth quarter last year. You could plainly see this in may series, “trade” being the most obvious because it is the most difficult to fudge. The fateful day of Sept. 16 when repo broke should go down in infamy as the day the levee broke. The Fed was forced to pump $ billions day after day to keep that canary from being noticed. I will only say the virus was “convenient” because it has been cover for central banks to flood the grossly indebted, financially illiquid and insolvent system with new credit and liquidity. How fortuitous!

Folks, we are already in a global depression as measured by unemployment. $ trillions in debt have gone unserviced for 2 months now and will never be paid on again. $ trillions have already been created and spent by broke central banks and sovereign treasuries. It has ONLY been this largesse that has prevented postponed financial carnage. “Normal” as we thought it to be back in January will never return because frankly, our past way of life was anything but normal! Is it really sensical to spend more each and every year than you take in and fund the gap by borrowing the difference? Can that be sustained? We are just about to see the answer to this, and the resounding NO will be in your face with clarity!

Individuals, small businesses, large corporations, cities state and local governments, pension plans galore and even central banks and sovereign treasuries have been bankrupted. The “bankruptcies” are working their way up and down the line and spreading like wildfire because every failure either adds pressure to or creates another (more) bankruptcies. We have lived a financial life where everybody owes everybody and “liability” exists everywhere and in everything known as an asset. In many cases, what was believed to be an asset has very quickly turned into a liability. All that is now necessary for you to never be thought of as an idiot again is the realization that once believed assets, turned liabilities, BECOME UNWANTED LIABILITIES! ie. To whom do you sell?

I believe this scenario will happen soon and happen with a vengeance. I have long said “confidence” would break for any number of reasons. And that is exactly what have now, ANY NUMBER of reasons for the average person to wake up to the fact the financial markets are completely fraudulent and bluntly, FUBAR’d! Vast wealth will be destroyed on a nightly basis from asset class to asset class and culminate in systemwide failures. The financial atomic bomb has already detonated, there is no going back nor “unseeing” it.

But don’t fret, you won’t be an idiot for much longer. If you have done your best to prepare, that is all you could do and all that can be asked of you. At least you will no longer be an idiot! People will genuinely ask your advice on many topics, not just financial…because you are no longer an idiot. There is even more upside, relatives you haven’t been in touch with for years will show up on your front doorstep asking for advice, not to mention food, shelter, and a shoulder to cry on…because you are no longer an idiot!

The above said, do not expect anyone to admit they were wrong. Nor should you expect any apologies for thinking (and treating) you like you were an idiot. Also remember this, once you let someone in your door out of the goodness of your heart…don’t expect them ever to leave (you would of course be an idiot if you believed this). Oh yeah, one last pretty obvious question…GOT GOLD? The only financial life preserver in a world flooded with debt…

Standing watch,

Bill Holter

Holter-Sinclair collaboration