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  • How Quickly We Forgot Charlie Kirk

    I did not write much about the assassination of Charlie Kirk. At first, I was led to wait until more information was released. After a few days went by, reality sank in and I felt a deep sorrow. It was as if the best of us had been taken from the battlefield. The only relief I felt was the unification of the American people around this fight against evil. All of the division in our cause was replaced by a new sense of purpose.

    That did not even last a month. Division had been our greatest weakness and the enemy’s greatest weapon. That is why Charlie Kirk was so effective: he listened and debated with facts to show people the truth. He unified us through logic and facts. So let’s see who is sowing this division on our side or claiming to be representing our side.

    The first example is anyone who is attacking people looking for the truth concerning Charlie Kirk’s assassination. If someone is labeled as an anti-semite for not accepting the “narrative”, the person who is attacking has an agenda supporting the Israeli government, deflecting further investigative measures and/or wanting to divide us.

    The second example are people who attack anyone calling out the Israeli government for its actions, US federal funding or control of the US Congress. AIPAC needs to be registered under FARA.

    A third example is the false attacks on Thomas Massie concerning men in women’s bathrooms.

    I am ashamed of how easily we let our country become divided again so quickly. But I am more ashamed of how we let Charlie Kirk’s legacy be manipulated and forgotten. How do we become “WE ARE ALL CHARLIE”? We must look at the people and entities responsible for sowing division:

    1. Laura Loomer, Mark Levin and a host of “X influencers” being paid by Israel are pushing an agenda. Searching for the truth will set us free; it does not make us anti-semite.
    2. The Federal government is organizing and funding nationwide “No Kings” rallies on October 18th. How is this Deep State still operational and not indicted?
    3. How is Antifa at its strongest level in our country? They are attacking Federal buildings, law enforcement and being protected by local and state governments.
    4. Our churches have buried the truth. Instead of using the tragedy of Charlie Kirk for a higher purpose, they buried it. Where are the “Christ Is King” national rallies?

    So here we are at the crossroads. Do we honor the martyrdom of Charlie and unify to fight evil? Or do we retreat back into division and defeat? Identify the enemy and hold on to a firm reliance on the protection of Divine Providence.

    David DeGerolamo

  • Bullion Runs

    The dam is breaking. People have been paying storage fees for hypothecated metals.

  • USAID Is Done

  • Bitcoin Sales

    A question to Grok:

    Can you give me an example of a Bitcoin sell order placed on Monday morning that will not clear until Tuesday morning because the banks are closed? Assume a $100 million Bitcoin account leveraged at 5x and a 10% drop in BTC.

    From Grok:

    A trader has a margin account with $100,000,000 in equity, using 5x leverage to hold a long position in Bitcoin futures (e.g., via CME Bitcoin futures) with a notional value of $500,000,000. This corresponds to approximately 4,461.058 BTC at a Bitcoin price of $112,080 (calculation: $500,000,000 / $112,080 ≈ 4,461.058 BTC).

    Bitcoin experiences a 10% price drop to $100,872. The new notional value of the position is 4,461.058 BTC × $100,872 ≈ $450,000,000 (calculation: first find the loss = 10% × $500,000,000 = $50,000,000; then subtract from original notional: $500,000,000 – $50,000,000 = $450,000,000). The unrealized loss reduces the account equity to $100,000,000 – $50,000,000 = $50,000,000.

    Facing a potential margin call or automatic liquidation (assuming maintenance margin requirements are breached), the trader places a sell order on Monday morning, October 13, 2025 (Columbus Day), to close the entire position. The order executes immediately on the CME exchange, which remains open for trading Bitcoin futures despite the bank holiday.

    However, due to U.S. banks being closed on Columbus Day, the trade does not clear or settle until the next business day. Clearing involves the exchange’s clearinghouse (e.g., CME Clearing) verifying and finalizing the trade, while settlement involves the actual transfer or adjustment of funds (e.g., crediting the realized loss or any remaining proceeds to the account). These processes are delayed because they rely on banking systems for fund movements, so the trade’s final clearance occurs on Tuesday morning, October 14, 2025.

    To be clear:

    From Grok:

    The transaction price for the sell order is determined at the time of execution on Monday, based on the prevailing BTC futures price when the order is filled on the exchange. While clearing and settlement processes (including margin adjustments and fund transfers) are delayed until Tuesday due to the bank holiday, the executed trade price from Monday is what gets used for calculating the profit/loss and finalizing the transaction.

    Concerning other types of brokers, here is what happens on Robinhood:

    Accounts on Robinhood are not affected in the same way for cryptocurrency trades. When you place a sell order for Bitcoin (or other crypto) on Robinhood, the trade executes at the prevailing price at the time of filling, and the proceeds are available immediately in your account—regardless of bank holidays like Columbus Day. This differs from stock or options settlements, which can be delayed due to banking closures, but crypto sales settle instantly.

    ~~~~~~~~~~~~~~~~~~~~~~~~~

    The issue concerning when the trade is settled does not appear to be a problem. An issue may be the suspension of trading based on existing circuit breakers which have predetermined times until trading is resumed. Another issue is the suspension of trades by a brokerage house for various reasons:

    From Grok:

    Inability to Execute Trades: Traders might be locked out of buying, selling, or managing positions, exacerbating losses during a rapid decline. For instance, if BTC drops sharply (e.g., 10-20% as in past crashes), users holding positions could watch values plummet without the ability to sell or hedge. This was seen in recent events where platforms faced slowdowns amid massive liquidations.

    Monday will be an interesting day.

  • Imagine Watching a Liquidation Armageddon

    From Grok:

    Rho Rider’s post warns of intensified market liquidations on October 13, 2025, as U.S. stock exchanges open for Columbus Day trading while banks remain closed, delaying deposit settlements until Tuesday and trapping overleveraged traders.

    High exposure in leveraged ETFs and margin positions—estimated at hundreds of billions—could cascade into forced selling, echoing past holiday volatility spikes where trading volumes drop 20-30% per NYSE data, amplifying price swings.

  • A Warning?

    Based on the crypto carnage yesterday, it appears that our financial system is teetering on the edge of the precipice.

    1. Consider the odd statement above concerning market stability.
    2. Consider the announcement of banks considering a stablecoin link to G7 currencies.
    3. Consider the price of gold and the USD both going up.

    I asked Grok about the third bullet point since it was strange:

    • Dollar Dynamics: A stronger U.S. dollar, often bolstered by risk-off sentiment and higher tariffs, typically pressures gold prices downward since gold is priced in dollars. However, during acute uncertainty, gold’s safe-haven demand can override this inverse relationship. Investors prioritize gold’s stability over short-term dollar strength, especially when tariffs signal potential inflation or supply chain chaos.

    I always like to challenge/train Grok so I checked on its earlier statement concerning the USD strengthening. Here is its reply:

    Thanks for checking Kitco.com and sharing that detail—it’s spot on, and I appreciate the correction. Upon verifying recent market data, the U.S. Dollar Index (DXY) did indeed weaken yesterday, declining by approximately 0.69% to close at 98.8474.

    I am sure that the banks being closed on Monday for Columbus day will not be any consideration to implement major financial actions for the country. Then again….

  • Tariffs

  • Crypto Carnage

  • Netanyahu Has to Have War

  • Tucker – UAPs

  • Here We Go

  • Beck

    This is from 2020.

  • Bitcoin under Attack

  • Silver Squeeze

  • Asheville

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Recent Comments

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