by Mish Shedlock, Mish Talk:
That Tweet is from April 29. Since then, there have been more closures.
Nordstrom closes two stores and Saks Off 5th says goodbye as well.
US Debt: Net Interest to Exceed $700B by November
by Peter Schiff, Schiff Gold:
The chart below shows the gimmicks the Treasury has been using to manage the debt while the debt ceiling keeps a lid on new issuance. The primary gimmick used is pillaging government retirement funds which hold non-Marketable debt. In April, the government replenished some of what has been taken by retiring public debt (mostly short-term) as tax receipts increased cash available to the Treasury. They will most likely tap back into this next month as the government gets closer to running out of money.
Unicoin: “Universal Monetary Unit” Paves the Way to Global Currency
by Marie Hawthorne, Activist Post:
In March, Daisy wrote about FedNow, the instant payment system currently in the works. The American banking and government systems expect to start using it in July. As Daisy discussed, FedNow isn’t a central bank digital currency (CBDC), but it provides the framework for one.
I encourage you to read Daisy’s FedNow article. It will give you a good idea of how digital payments will be initially billed as a convenience, then something we can’t do business without. Read the article, and then imagine digital currency on a global scale.
This is in the works, too.
PART 2 – Smoking Guns: Nord Stream Sabotage ‘Secret Teams’ Revealed
from 21st Century Wire:
Get comfortable as you are about to embark on Part 2 of our investigative report into the Secret Team behind the Nord Stream pipeline sabotage operation. Despite facing the large swell of propaganda coming from the legacy media and their sudden renewed interest in the Nord Stream attack, we hope readers will appreciate the evidence-based, more realistic picture presented here regarding what an actual CIA-backed covered operation entails, as we identify the likely players, aiders and abetters from participating NATO members states.
In Only 4 Months in 2023, There Have Been 70 Major Bankruptcies
by Jose Nino, Big League Politics:
According to Mike Shedlock of Mish Talk, there have been 70 bankruptcies through April of 2023.
For perspective, in 2009, 118 bankruptcies took place through April. During the height of the Wuhan virus in 2020, there were 71 bankruptcies through April.
Shedlock listed off some of the most prominent companies to file for bankruptcy in the fourth month span in 2023:
Six Consecutive Withdrawals From SLV
by Ed Steer, Silver Seek:
The gold price wandered quietly sideways until around 12:30 p.m. China Standard Time in GLOBEX trading on their Friday afternoon — and from there it was sold quietly lower until the the commercial traders of whatever stripe pulled their bids when the jobs report was released at 8:30 a.m. in New York. Its low tick was set at, or minutes after, the 10 a.m. EDT afternoon gold fix in London — and its ensuing rally ran into ‘something’ around 12:45 p.m. It then traded quietly sideways to a bit higher until the market closed at 5:00 p.m. EDT.
Utter Chaos at the Short End of the Treasury Market and at the 28-Day Treasury Bill Auction: A Deep Dive
by Wolf Richter, Wolf Street:
Investors exacting their pound of flesh for the risk of a default “as early as” June 1.
The chaos has been going on for weeks. And then it got funny at the Treasury auction on Thursday. Back on April 20, I marveled that the totally crazy 164-basis-point spread between the one-month and two-month Treasury yields: the one-month yield collapsed to 3.4% in just days (from 4.8%), while the two-month yield was just fine, ticking up past 5%. A plunging yield means that the price is surging amid huge demand. Investors were piling into a safe asset that will give them their money back in about a month, before June. What might happen in June? The US might default. That was the calculus back then.
This Is How To Start A War With Russia!
from The Jimmy Dore Show:
TRUTH LIVES on at https://sgtreport.tv/
VAXXED: THE GLOBAL EPIDEMIC OF SUDDEN DEATHS — DR. WILLIAM MAKIS
from SGT Report:
Canadian doctor William Makis joins SGT Report to discuss the global epidemic of sudden deaths and to expose Pfizer and Moderna for the crimes against humanity which are undoubtedly tied to the mRNA bioweapon masquerading as a “vaccine”.
Gold Contracts for Immediate Delivery Explode Higher
by Peter Schiff, Schiff Gold:
In 5 days, the COMEX has seen 4,190 contracts open and stand for immediate delivery. This is the strongest start to a month going back at least 2 years, which includes the start of the war in Ukraine and the February 2021 Reddit silver squeeze.
In the latest Comex update, I mentioned that:
Gold has started a bit slow. This shouldn’t be a surprise though as the game in gold continues to be net new contracts.
As the chart below shows, total delivery volume remains a bit below the trend. However, the delivery month just got started.
The Ruination of Great American Cities
from The Epoch Times:
There was something deeply demoralizing about the recent Mayoral election in Chicago, once among America’s greatest cities. The good news is that the catastrophic reign of a deeply corrupt and crazed mayor, who piled egregiously racist policies on top of one of the worst COVID responses in the country, came to an end. The bad news is that a guy who is arguably worse took her place.
More U.S. Banks Collapsing as JPMorgan Chase CEO Consolidates his Power – Is this the Next Phase of the Great Reset?
by Brian Shilhavy, Health Impact News:
Another blood bath in American banks was seen today in stock market trading, with a “total collapse” of regional banks.
And despite the Biden admin claiming that FRC was just another ‘outlier’ business model, PacWest, Western Alliance, and Zions (among others) are in a freefall…
This follows the collapse of the second largest bank in U.S. history that occurred over this past weekend with First Republic Bank.
