Billion Buried in the Books
The Fed Doesn’t Want This Data Public Hi Reader, Here’s what our editors are looking at today… | | | News: Emily Clancy – 13 Banks on the Brink Past due loans on commercial real estate at the largest banks (those with more than $250 billion in assets) as of Dec. 31, 2023, were at 4.11%. That’s 1.66% higher than at the end of the fourth quarter of 2008 when banks were exploding all over Wall Street during the financial crisis. The reason the most recent available data is from December 2023 is because the Fed stopped publishing data on loan losses at commercial banks — something they’d published quarterly since 1984… Yikes. Some banks may have been bailed out, but they’re the canaries in the coal mine… Billions more in losses are buried on bank books all over the country. Stage two of the crisis is here, and the effects will be devastating to financial institutions and the stock market as a whole. ⇒ Read More Here | |
Politics: James Howard Kunstler – Three Crises Loom If your situational awareness is well-tuned, you can put together a political weather report from the swirl of events that otherwise seem to confound the degenerate simps who pretend to report the news. Events are tending in the direction of self-reinforcing, ramifying chaos, and the people running the show are obviously insane as they do everything possible to hurry chaos along. Case in point: Antony Blinken, our secretary of state, announced the other day that Ukraine will get rushed into NATO ASAP. Thus, you see, Mr. Blinken just announced World War III. ⇒ Read More Here | |
Retirement: Byron King – Can Silver Pull a Cocoa? Spot silver hit $27.80 per ounce yesterday. And like the rising gold price, which just surpassed $2,300 per ounce, it looks like there’s more yet to come. In other words, precious metals are rapidly repricing. This immediately tells me that Wall Street and the City of London have lost control over the price of gold and silver. From all appearances, pricing power has shifted East to India, China, and other BRICS nations, which now dominate physical purchases. If you bought gold or silver during the past decade, you must feel pretty good right now. The price is up and apparently heading higher. So today, let’s discuss silver and a looming, much larger price jump than what we’ve already seen… but first, let’s talk cocoa. ⇒ Read More Here That’s all for today, we’ll be back tomorrow with what our editors were looking at this week. Email us here with whatever crosses your mind that you want us to cover. We look forward to hearing from you! Looking forward to your financial future, | | | | | |
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