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Could be so massively bankrupt, says Bill Bonner.
"We have a mountain of debt... nearly $100 trillion of it... every penny of which is counted as an “asset” on the creditors’ balance sheets. Probably only about half of it is ‘money good.’ The rest may go ‘poof’ in the credit cycle’s downturn.
The safest part of this pile is US Treasury bonds. And yet, in gold terms, we’ve seen that they lost 30% of their value in the last four years... and 75% since 1999.
And we have a GDP that is largely fraudulent... with as much as half of it directed, controlled or be-muddled by government, rendering it unfit...
It’s not just Treasury bonds that pretend to have value they don’t actually have. All across the fixed-return world, there are unrecognized losses and make-believe wealth.
Here’s the FDIC warning:
'Unrealized losses on available-for-sale and held-to-maturity securities increased by $39 billion to $517 billion in the first quarter. Higher unrealized losses on residential mortgage-backed securities, resulting from higher mortgage rates in the first quarter, drove the overall increase. This is the ninth straight quarter of unusually high unrealized losses since the Federal Reserve began to raise interest rates in first quarter 2022. '
Banks were required to hold US Treasury bonds as ‘reserves.’ That, they were told, would make them more antifragile. But it did just the opposite. Treasury bonds proved to be a terrible form of ‘reserve.’ They went down, in nominal terms, by about 20% since 2020. In gold terms, they lost half again as much.
The banks also had plenty of private debt that went bad. They lent heavily to real estate developers and speculators, for example. But now, commercial real estate is not worth what it was a few years ago.
In addition to the loan losses, there are the losses on the collateral itself. Green Street reports that the ‘all-property commercial index’ is down more than 20% since 2021."
Of all the evils to public liberty, war is perhaps the most to be dreaded, because it comprises and develops every other. War is the patent of armies; from these proceed debts and taxes. And armies, and debts, and taxes, are the known instruments for bringing the many under the dominion of the few.
In war, too, the discretionary power of the executive is extended; its influence in dealing out offices, honors, and emoluments is multiplied; and all the means of seducing the minds are added to those of subduing the force of the people!
No nation could preserve its freedom in the midst of continual warfare.
-James Madison, Political Observations, 1795
We don’t know. Are plans being made for a magnificent sarcophagus? Something like the huge, elaborate one he imagined for Charlie Kirk? Not that I know of. When will be the day of his death? I don’t know, but his Creator has already appointed the day and the hour.
Will his funeral be meaningful, theologically? With Christian theology? I don’t know that either.
But I have been impressed with the funeral of one great nobleman who died 25 years ago at age 99, buried in Austria. His final resting place was not elaborate, but significant. It was in the crypt of a Capuchin church, the place where his royal ancestors, monarchs of a vast, 600-year-old empire, had been entombed for centuries. The crypt was locked and guarded by Capuchin friars.
Prince Otto von Habsburg, born in 1912, would have been the next in line as king of that empire, but Hitler invaded Austria and ordered the arrest and murder of the prince, who escaped into Europe and played a leading role in world affairs for ...
First, ivermectin appears to target cancer stem cells—the small, highly resistant population of cells that drive recurrence and metastasis. Most conventional therapies fail to eliminate these cells. You can shrink a tumor, but if the stem cells remain, the cancer often comes back. Laboratory data suggest ivermectin disrupts this root system.
Second, mebendazole interferes with microtubule formation, which is essential for cell division. When you disrupt microtubules, cancer cells lose their ability to replicate effectively. This creates a direct anti-proliferative effect.
Third, mebendazole also impacts tumor metabolism, particularly glucose utilization. Cancer cells are heavily dependent on glucose to fuel rapid growth. Limiting that pathway places them under significant metabolic stress.
84% success rate in advanced-stage cancer patients .
