Thiel Joins Luckey & Lonsdale To Launch New Bank Aimed At Filling SVB Void For Stablecoins, AI, Defense & Advanced Manufacturing

Thiel Joins Luckey & Lonsdale To Launch New Bank Aimed At Filling SVB Void For Stablecoins, AI, Defense & Advanced Manufacturing | ZeroHedge

A group of high-profile tech investors, including military tech entrepreneur Palmer Luckey and venture capitalist Joe Lonsdale, is preparing to launch a new bank designed to serve the niche left behind by the collapse of Silicon Valley Bank — and to do so with ambitions that extend deep into cryptocurrency, defense tech, and artificial intelligence.

One of the bank’s major innovations, and potential regulatory flashpoints, is its plan to become a dominant player in stablecoin transactions, a controversial corner of the cryptocurrency world where digital tokens are pegged to traditional currencies like the U.S. dollar. Erebor’s filing describes its goal as becoming “the most regulated entity conducting and facilitating stablecoin transactions.”

If they are not torchering you like a slave – or shooting you in the head – they’re just not happy.

Chuckle

He may still be physically confined, but the agenda is beginning to collapse.

Dr. Fuellmich opens with sharp criticism of political figures like German Chancellor Friedrich Merz, a former BlackRock executive pushing a war agenda to serve financial and defense interests. But that agenda is failing. The public, especially in Germany, aren’t buying it anymore. People don’t want more wars, and they’re not willing to die for the ambitions of corrupt so-called elites. While these parasites pretend to be in control, Dr. Fuellmich says they’re boxed in, trapped in a dead end with no way forward. It’s becoming extremely clear that their approval is collapsing, while their narratives are losing steam.

Dr. Reiner Fuellmich’s Powerful Message From Prison

A weak currency, which is only weak in an historical context to other currencies, means above all else that imports are more expensive, and exports are cheaper. Whether by design or circumstance. Interesting that the 10yr JGB rates went up last night by the same amount as the gilts. The Japs need a lower Yen to counter the cost of tariffs, the Brits are getting a lower pound because of profligacy. The USD should be lower due to excess spending, but it’s the reserve currency – although US bonds rose a bit last night too.

All currencies are weakened over time by printing. Sometimes it is forced on countries, sometimes it’s policy. Either way, they’re all in the same race. The race to zero.

he’s lucky he didn’t end up in the drink! Hope the golf cart wasn’t damaged too much …..

No charges filed!

https://x.com/Ravious101/status/1940515047035621571

Just look on the bottom for the 9/11/01 date. Another time that almost finished those global bankers off was after the USA was forced to remove the Gold backing in 1971.

We all know what happened after that. Dopey/Dollar crashed and caused everything to cost more, and the Fed had to raise rates to 21% in 1980 to save their asses. So they got another 21 years to 2001.

Copper: Postscript Document

Silver: Postscript Document

Gold: Postscript Document

Platinum: Postscript Document

Palladium: Postscript Document

I’m guessing they both mine some platinum and palladium?

How is it that RIO earns $7 a year and pays a $4 dividend, while NEM should earn around $5 and pays out $1?

That whole board on NEM should be fired. They do nothing for their shareholders.

For awhile there it looked as if the shares were going to disappoint again, and waste a solid day in the metals.

treefrog – I don’t think we’ll have to wait too much longer.

I just bought some SBSW to cover them, I also bought more ASM the best performing Silver stock. Its up 132% from April 7th.

I suspect the Federal Reserve which is pro global, does not want to lower rates simply because it would send Gold right past $3500 in a NY minute, and on to new all time highs.

Seeing that Copper Platinum and Palladium are making new highs, they should give Silver a nice boost soon too.

In my opinion, the Fed Res Act of 1913, so the USA can finance wars, and which took away our independence, and gradually weaned our system of Gold and Silver money, and caused the roaring 1920s, which led to the great depression, which then led to WW II Korea Vietnam and other wars along with tons of inflation.

Well in my opinion 9/11/01 has slowly killed the Fed Res Act of 1913.

The big question now is how AU and AG are going to be tomorrow in front of a long weekend. I heard long ago futures players are afraid to hold during week ends.

Both up 5%+ today.

Dog

i wonder how long the goalkeepers @ 37 will wait before raiding.

Yeah, they are surely a mess. Intentionally destroying the country, just like the Obama – Biden crew was doing here. They’ve replaced your white population with Muslims and spent the treasury on them. Seems like most of Europe has been turned to 3rd world overnight. I don’t really understand it. Other than it is Satanic. Your government is no longer aligned with us, even though your people are. Really sad stuff but if Trump is for real, we need to leave NATO, because it is self-destructing.

Unbelievably sad to me. The gallows aren’t harsh enough for Starmer and the rest of the Labour party.

Re sterling…..The government had to back down on a Welfare spending Bill in parliament, because their own MP’s would not back it…..which means they have no budget control , as the Bill was part of their programme…..also Astra Zeneca are thinking of quiting the UK and listing in the US….

The Mkts/world are waking up to just how bad this UK government is…….I see a major financial crisis developing here……it may be epic….

Tks a pleasure..it took me a while to work out how to do them…still learning how etc.

Eight Iron Clad Reasons to SELL ALL YOUR SILVER MINING STOCKS IF THEY OPERATE IN MEXICO.

https://thesilverindustry.substack.com/p/eight-iron-clad-reasons-to-sell-all

Just want to say, your charts are always appreciated.

We’ll just pay em off in dollars. They won’t mind. Dollars are good. They used to be worth a lot!

Fairly pathetic, I think if the case is that we promised to store other country’s gold and instead we sold it off, to protect the value of the dollar I guess. I wonder if the European countries involved knew what was going on?

As has happened many times now, the CTA’s can flip markets at any time, and cause massive short squeezes in oil, the dollar, Gold, Silver etc……

No rhyme or reason to it. Just because they can…..

Could be setting us up for a massive squeeze higher in the US$

Doesn’t make a lot of sense to me. The sterling is especially week vs the dollar.

I think that might be the only thing that could derail us. If we suddenly reversed course in the dollar, it might be a struggle. Although, we have spent some time moving up with the dollar during this rally.

Silver up, gold down, yet it appears of the shares I watch that the gold shares are outperforming the silver shares.

Can someone make sense of that please????

Goodbye to gold in the US – Germany, France, and the Netherlands pressure the United States to recover their gold reserves amid growing financial tensions

Europe wants its gold back, yes. Europe has started to doubt the stability of our country. For years, the United States has been guarding European gold, but not just a bit of gold… thousands of tons of European gold are stored in the United States Federal Reserve. Now, governments like the German or the Italian one want their gold back. Why now? Because they are not very confident in Donald Trump’s mandate, nor that he could use that gold (which does not belong to him) as a political weapon. So, faced with this scenario in which there are three possible wars open, countries want to recover their gold reserves.

It seems we are witnessing the calm before the storm, and European countries want to secure their reserves before the first raindrops start falling

Goodbye to gold in the US – Germany, France, and the Netherlands pressure the United States to recover their gold reserves amid growing financial tensions

I don’t have them yet, but it seems they might have been light. Expectations were for an increase of 103K jobs.

The dollar and rates are slipping back down a bit. Dollar is still positive but hanging by a thread. 10 yr. up 2 bips.

Metals still firm, although you can still feel a heavy hand on silver. They are going to fight a massive breakout tooth and nail. $37 seems like a very important number.

***Edit: The ADP numbers were horrific!! they came in negative. -33K vs. the estimate of up 103K

Unfortunately, it looks like the Crimex is on the case.

It seems both scenario’s are bullish, especially the one you found going back to 1922. Surely with the GSR @ 100-1 it’s well past time for that to come to fruition, and it shouldn’t be that far off.

The most bullish sign is we are holding around the highs, on most corrections…..no serious sell offs….eg look at Platinum come back ..today.

I don’t think I’ll be a buyer. I’ve got better things to do with $250.

“Blood, Sweat, and Tears”

LOL 🙂

When does the Trump candy bar come out or Trump Flakes cereal?