WiR Fri 22 May 2026

Ajouté : 2026-05-24

[00:00:07]Good day South Landers and welcome to South Landers week in review for the week ending Friday the 22nd of May 2026.

[00:00:17]I'm recording this at going on for half past two South Africa time.

[00:00:23]Just a cautionary note, I live on a big farm.

[00:00:27]It is what it is. I have some workers on the roof and in the garden.

[00:00:32]And I have two ferocious hounds, a pure breed true Alsatian, not a a German Shepherd.

[00:00:40]And a enormous size of a a wolf hound Belgian Malinois.

[00:00:47]If they feel insecure, they'll go berserk. Usually I record under slightly different circumstances, but I can't have them outside near the workers today, so they're they're in with me. If they do go berserk, I'll just pause the video and sort out the hullabaloo and hopefully it can be edited nicely, but I ask your forbearance under the circumstances. I do live It's not my farm. I occupy one of the farmsteads of an enormously successful farmer in the Bamboo Mountains of the Eastern Cape and sometimes farm life dictates how things go.

[00:01:25]And let's begin with the gold futures.

[00:01:28]Over the past week, they've gone down 1.02% to 4,515 and some small change per ounce.

[00:01:38]Silver futures are down 1.83% to $76 and 16 cents an ounce.

[00:01:46]We're still seeing massive manipulation in the market. We're still seeing the Chinese buy up huge volumes. We are still seeing very depleted levels on the comex, we are still seeing a perhaps last in a lifetime opportunity to invest in silver at these sorts of prices.

[00:02:06]It seems as if the price is bound to go up, notwithstanding that this is not the price of in your hand an ounce of silver. You'll pay considerably more. These are just the futures prices, but we use them because they're an indicator of something, even if they're not very real world. And once again, I remind you, if you're a runaway, if you're a Saitlander, and you use the code SS, you can get a good deal on silver from Nolan and his wife Dale at Global Gold in Johannesburg. We recommend them very highly. I spent some time in the factory. I took lots of videos.

[00:02:44]It's a good operation. They're good people, and they're very kind and helpful and generous to Saitlanders.

[00:02:51]Brent crude oil has dropped by 3.64% to $105.29 a barrel. That is to say, over the past week since we gave you prices last week.

[00:03:04]West Texas Intermediate has dropped by 6.8% to $98.29 a barrel.

[00:03:13]Although, as I've explained in recent months, the real world delivered oil prices per barrel, that's 159 L, being paid all over the world can be as high as 230 or 260 dollars per barrel.

[00:03:31]Copper has dropped by 0.65% to $6.33 a pound.

[00:03:38]There are 2.2 pounds in a kilogram, so you can do your own arithmetic. There's huge demand continuing for AI purposes and similar.

[00:03:50]Data centers.

[00:03:53]Natural gas is at $2.99 a million British thermal units. If you are on the metric system and you want to convert that to megawatt hours, look it up, but it's about by three and a half.

[00:04:09]Uh $2.99 is a little bit beneath the just above $3 that we've been seeing in recent weeks, months even.

[00:04:22]If I was to hazard a guess as a non-expert, I'm not a commodities trader, it may have something to do with something that we're going to mention later on in this episode, which is Iranian exports.

[00:04:36]It's a speculation, though. I don't know for sure. Bonds continue to misbehave.

[00:04:43]It is rapidly no longer making sense to invest in bonds almost anywhere in the world.

[00:04:52]In years gone by, they could fiddle the inflation figures and tell you that inflation is only at 3% or two or one or whatever the case may be, and our bond yields are at 3 and 1/2%.

[00:05:06]It's it's worth your while.

[00:05:09]It's rapidly becoming clear that those two positions, if they ever were related, have diverged from one another, have bifurcated to the point that they're not credible. Inflation in the USA, the official inflation figure looks as if it's going to be when it's announced for the end of the second quarter, something [snorts] like 5%, and we know that the true inflation rate, the the inflation rate in your pocket as opposed to on a clever man's devious and deceptive computer screen, may be around about 15%, but for certain, it is double digits.

[00:05:50]We're seeing the 10-year bond dropped slightly by 0.67. It's now at a yield of coupon of 4 and 1/2% per annum. 30 years still over 5% per annum. Fantastically high numbers. The 2-year at 4.085% per annum.

[00:06:12]All of these numbers, let it suffice to say make it unsustainable for the USA to borrow money. Although ironically it is borrowing at a furious rate.

[00:06:24]I've just read a piece by a professor, very highly regarded guy who used to work in the US government, but he's a he's a professor of economics, described how the adjusted for inflation deficit spending of the US government. So we all know famously that the USA has they say about 40 to 41 trillion dollars of debt.

[00:06:48]We know that it's higher than that. But let's play with those numbers. Call it 40 trillion. I've explained to you before that every year the USA spends about 1 and 1/2 trillion more dollars.

[00:07:00]This is the federal government, not the states, than it receives in taxes and tariffs and customs and excise and so on.

[00:07:10]So it's continually getting more deeply into debt.

[00:07:14]This guy calculated and demonstrated that so far this year, given that the the US fiscal cycle that is to say the financial cycle of the republic of the of the state or the the super state in the case of the USA given that it has the 50 nominal states is now at 1.6 trillion dollars deficit.

[00:07:44]October, November, December, January, February, March, April completed. He was speaking for those 7 months that are complete for which they are figures.

[00:07:54]5 months yet to go.

[00:07:56]Adjusted for inflation, 1.6 trillion in 7 months is higher than any deficit spend in US governmental history.

[00:08:09]But, it excludes the extra half a trillion dollars that Congress is deliberating over for Donald Trump's defense budget to take it from as you know, Joe Biden gave him a present on a platter.

[00:08:25]It's very, very complicated how the US system works, but the defense budget is calculated in December or signed off in December.

[00:08:37]Joe Biden signed off in the December following the month that he lost the elections to Donald Trump in November 2024.

[00:08:48]He signed off an extra 100 billion dollars taking the defense budget from 800 billion to 900 billion.

[00:08:57]Last year, Donald Trump awarded himself another 100 billion from 900 billion, that is the same December again, to a trillion dollars. But, he's now saying that he needs 1 and a half trillion dollars.

[00:09:12]My point being that when we talk about bonds, it's an utter shambles, and the best commentators are screaming from the rooftops. And those of you who are on one of my WhatsApp groups will have seen this week that not only have Charlie Munger and Warren Buffett exited the bond, except for the short-term bond, very short-term where you give money to the government for 30 days or 90 days, and the stock market in the USA to the tune of 397 billion dollars over the past 14 consecutive quarters.

[00:09:48]So, every quarter they take more money out because the best minds in the world are recognizing that this is a catastrophe, but I said not only during the course of this week a long list of world billionaires who have recently taken enormous sums of cash out of US stock markets came out. Now, we're not talking about a guy moving from, let say his position was a billion dollars in Microsoft going down to 900 million.

[00:10:18]We're talking about the guy going down to 5 million taking out 95 in some cases or 83 all large numbers of chunks of cash being whipped out of the US stock exchange due to low confidence.

[00:10:34]Now, the stock exchange and the bond markets are not the same thing, but they might as well be because all interest rates in the USA are dictated by the government's borrowing rate.

[00:10:49]So, when the bond rates are very high and they have to pay a lot of money to get people to buy bonds, in other words, to lend them money at interest when they have to cough up a lot of interest, there is always a ripple effect. And the clever boys are seeing what's going on and they're running for the door.

[00:11:08]You [snorts] wouldn't think so though if you were to look at the Dow Jones and the S&P 500 and Nasdaq. Dow Jones is still over 50,000 was back over 50,000 50,285.

[00:11:20]I told you a couple of weeks ago about how over something like 23 trading days in the in the month of was it March or April?

[00:11:29]Uh uh, 17 trillion dollars had been rammed down the throat of the US stock markets.

[00:11:40]Absolute madness, complete overvaluation.

[00:11:43]The S&P 500 is now further above what was its all-time high a couple of weeks ago at 7,400, it's now at 7,445.

[00:11:54]And the Nasdaq continues to sparkle at 26,293 points.

[00:12:04]On Friday, a report came out revealing that Iran recently hacked the computerized fuel gauging system of the underground fuel tanks of fuel stations all across the USA.

[00:12:21]I think that this is one of the most interesting features of this week's weekend review because it goes back to the Francis Scott Key Bridge of 3 years ago. Do you remember when that bridge when that uh, ship uh, in Baltimore got out of control and it rammed a bridge.

[00:12:39]Nobody could explain it. I said at the time, I wonder if it isn't some sort of sabotage.

[00:12:45]>> [snorts] >> If uh, hackers hadn't gotten control of the the ship and it plays on my mind all the time that Cold War era plots and plans to sabotage real not fanciful plots remain on many shelves in the intelligence agencies of the world.

[00:13:18]And here we're seeing one of them being manifested. On Friday, a drone struck the United Arab Emirates' only nuclear power plant, Barakah, which produces 25% of the electricity of the UAE, operations weren't in influenced at all. They weren't affected at all. Obviously, all fingers were immediately pointed to Iran and not without reason. Iran has been punishing the UAE for taking sides with Israel against Iran.

[00:13:48]But, I've seen a couple of experts say that there is persuasive evidence that, in fact, the drone came from the west, which means either Saudi Arabia or Israel and was thus a false flag event.

[00:14:03]Nevertheless, very serious. Donald Trump posted a picture of him walking on water, if you please.

[00:14:10]Donald Trump posted a picture of Iran being attacked from all sides.

[00:14:16]I wonder if this is the right moment in this episode to mention to you that there is I have described you in the past. I've explained to you that you don't have to believe this.

[00:14:25]I don't have to believe it.

[00:14:27]But, the Epstein class that rules the USA, the Epstein class that rules Israel without a shadow of a doubt, believe in certain occultic timelines.

[00:14:41]One of them is ends today, Friday, the 22nd of May.

[00:14:47]That is to say, it's a period of time I don't want to get into too much detail because it's extremely controversial and dangerous, but it's a time period of perhaps the right word might be restraint or preoccupation with other matters.

[00:15:08]So, the much discussed attack on Iran, according to me, could come after today. If we see something big on Saturday or Sunday, I wouldn't be surprised.

[00:15:22]And that may have something to do with Donald Trump's on-again, off-again, on-again, off-again thing.

[00:15:29]But certainly I I do think that the Truth Social post of that man showing Iran being smashed from every angle is perhaps symbolic of things that are imminent.

[00:15:47]Israel is being battered in Southern Lebanon.

[00:15:52]I struggle to find two sources that I came across during the course of the week, sources that provide just facts and figures and dates and times, you know. Israeli Defense Force admitting on such and such a date that three guys had been killed and on such and such a date that four guys had been killed or close to indisputable Hezbollah drone footage of Merkava tanks being hammered by drones and so on and so forth.

[00:16:21]At a certain point you have to know that where there's smoke there's fire. And it certainly does seem as if the mainstream narrative of Israel just massacring, slaughtering thousands of Lebanese, you know, being always on the front foot, always successful, always managing to scourge the villages and towns south of the Litani River, we've spoken about that before.

[00:16:45]There is [clears throat] a belief that greater Israel must begin with Gaza and then Southern Lebanon and [snorts] that it must happen in this year. And all you ever see is victory, if you can call that type of an operation a victory. But the Hezbollah guys are really taking out a lot of IDF soldiers, whether that's your cup of tea or not, whether you're on this side or that side, doesn't matter. I'm just giving you a sense of perspective, as I'm going to do on another matter just now. I don't know the fine details of the matter, but somehow Donald Trump has prevailed upon himself.

[00:17:23]Consider, he is the president of the United States of America.

[00:17:28]The Department of Justice is subordinate to him.

[00:17:32]He has persuaded his own department to ban the Internal Revenue Service from ever investigating his tax affairs >> [snorts] >> or those of his entities in perpetuity. What does that mean?

[00:17:54]Uh let's say Donald Trump and his sons and Steven Woodcock and Jared Jared Kushner have a company together. And they all pass away and their sons take over and they all pass away and their sons take over and it's a hundred years from now. And your taxes tax affairs are being investigated your great grandchildren and my great great grandchildren's tax affairs. By that time, who knows? They might be taxing dogs as they seem to be trying to tax everything nowadays.

[00:18:27]And Judith, my Malinois's tax affairs may be investigated or her great great grandchildren.

[00:18:35]But never ever any entity that ever featured Donald Trump implicitly not the tax affairs of his great grandchildren to the extent that they are invested in a certain company that was originally a company of Donald Trump.

[00:18:57]Because it's implicit.

[00:18:59]If I look into Donald Trump's great great grandchildren's tax affairs I'm naturally going to stumble across his.

[00:19:07]So a level of corruption hitherto unknown in the modern Western world.

[00:19:18]The Russian state visit to China versus the US state visit. We're rapidly running out of time, so let it suffice to say that the US state visit was like a children's clown show, a poor clown show, you know, an inferior clown show compared to the the Russian one. Very much more serious.

[00:19:38]Very much more productive. Very much more technical and bureaucratic. Very much more uh subject to philosophy, mathematics, and engineering rather than performance with wigs and oversized shoes, and you know, I'm speaking metaphorically.

[00:19:59]No comparison.

[00:20:00]It's embarrassing the difference between the two.

[00:20:04]Russia has conducted its largest nuclear defense or attack, depending upon how you want to look at it, drill. In other words, war games.

[00:20:15]Since the fall of the Soviet Union involving 64,000 men, over 200 missile launchers, 140 aircraft, 73 warships, and 13 submarines.

[00:20:32]It was enormous.

[00:20:35]There's a commonly believed this is the the other item on which I wanted to give a sense of perspective just to aid people to understand perhaps a little bit better what's really going on.

[00:20:48]There's a commonly believed fallacy that Iran is also, so on top of Kuwait, Qatar, Bahrain, Saudi Arabia, Iraq, UAE, is also completely unable to export its fertilizer, natural gas, helium, crude oil, sulfur, etc. However, [snorts] it turns out that Iran is exporting huge amounts of its commodities via the Caspian Sea to Russia and to the Caucasus.

[00:21:22]And via road and rail through the Central Asian Republics. You know, the Central Asian Republics are the the five stans, Kazakhstan, Kyrgyzstan, Uzbekistan, Turkmenistan, and Tajikistan. Formerly five of the 15 Soviet Republics before the fall of the Soviet Union in the early '90s. To Pakistan and to China. And presumably to the Central Asian Republics themselves.

[00:21:48]So, it's exporting. It has alternative routes, northward through the Caspian Sea, eastward or northeastward through the Central Asian Republics, and it is getting its stuff out. What's more, the experts report that if Iran is now apparently getting a far better price for its commodities, especially oil.

[00:22:08]Which is not to say that it's able to export everything that it would like to do.

[00:22:13]It's only to say that the Strait of Hormuz is blocked. We spoke a couple of weeks ago about the man from WhatsApp with shipping, Sal Mercogliano, doing a very scholarly report on how they are about an average of three vessels, very large crude carriers, a day getting through the Strait of Hormuz. They tend to be Iranian or carrying Iranian product and on their way to China. It may have varied in the interim, but over and above that, we've just learned in recent weeks that there has been an enormous effort on the part of China, Mongolia, the Central Asian Republics, and Iran to find two other avenues of exit for their products.

[00:22:59]And that's obviously very different to the way the mainstream media is telling the story.

[00:23:04]Cuba. [snorts] Donald Trump is hell-bent on taking Cuba. That's all there is to say. By now, the evidence is overwhelming. Let's see when it happens. But, there are those observers who believe that the first attacks may begin this weekend. I believe that that's thoroughly incorrect.

[00:23:23]But, who knows? There are clever people.

[00:23:26]Thomas Massie, the Republican congressman from the state of Kentucky, Kentucky's fourth uh representative district, has lost in the most corrupt election possibly ever seen in the United States of America.

[00:23:45]Donald Trump and AIPAC and others colluded to ensure that he lost. And even then, he didn't lose. We're now discovering that 10,000 mail-in ballots, each and every one of which was for Thomas Massie's opponent, a guy by the name of Ed Gelb Ryan, who was absent at the time. It uh >> [laughter] >> The mail-in ballots were all for for this other character that nobody'd ever heard of.

[00:24:11]Over the preceding 6 months, this is a fact, Thomas Massie's uh support lay within a narrow band between 65% and 80% and never veered out of that band. All of a sudden, he loses on election day.

[00:24:26]They spent $32 million.

[00:24:30]Max Blumenthal of The Gray Zone says that it's 35 million or more to get rid of him. And we know the reasons. He's opposed to giving free money to Israel. He's opposed to fighting wars with on Israel's behalf.

[00:24:46]He's opposed to the war particularly against Iran, quite apart from any other Israeli wars. And he exposed Donald Trump in the Epstein files, the half of the Epstein files that were released. Donald Trump's name appearing more than the name of God in any form appears in the Holy Bible.

[00:25:10]And more than the name Harry Potter appears in the entire Harry Potter series.

[00:25:19]So, Donald Trump had to get rid of him and steal the election. Last one, very quickly.

[00:25:24]El Niño.

[00:25:26]We've spoken about it before. I don't want to overdo the subject. But again, this week we've had very strong confirmation from the experts that we are in fact in the El Niño cycle. You might have seen those Australian photographs.

[00:25:41]Uh satellite images, perhaps I should say. Those those those modeling things where they use different grades of color to denote different levels of rainfall or different temperatures or different height of the ground or whatever the case.

[00:25:55]Uh showing that South Africa seems certain to be under tremendous climatological pressure over the forthcoming period, which may last years, beginning in a few months' time.

[00:26:15]If I was to use a round number and use their round number, they would say that we we are already 100% in the cycle.

[00:26:27]Even though we might not be feeling it yet, we will begin feeling it slightly.

[00:26:31]Obviously, they very often talk in small percentages.

[00:26:35]In August.

[00:26:37]And by April of next year, it will be battering us.

[00:26:42]Uh I don't want to overdo this subject too much.

[00:26:45]Let's leave it right there and we'll talk some more when there's more evidence.

[00:26:50]Thank you for watching this long week in review.

[00:26:55]God bless you and yours for the times that lie ahead of us.

[00:27:00]Bye-bye.