By Greg Hunter’s USAWatchdog.com
Back in February, when everyone was predicting a Fed rate cut, precious metals expert and financial writer Bill Holter said rates would be going up and not down. Since that call, the 10-Year Treasury is up more than 30 basis points. It closed today at 4.67%. Now, Holter is still calling for higher interest rates that will coincide with higher gold and silver prices. Why? It’s called inflation, and it’s not temporary. Holter explains, “Foreigners are backing away from buying Treasuries.
That is the only thing that has kept the doors open, so to speak, is the fact we are able to borrow an unlimited amount of money because we are the world reserve currency. Foreigners backing away from our debt is going to lead the Federal Reserve to be the buyer of last, and then, only resort. So, you will have direct monetization between the Fed and the Treasury. What that will cause is a currency that declines in purchasing power. It will decline in a big way, and it will decline rapidly. So, what I am describing is inflation that turns into hyperinflation.”
But that is not the end of our problems. Holter points out, “I do think it is going to get worse, and that means interest rates will go higher, and that will put on much more pressure. We are at 4.65% on the 10-Year Treasury now. We went from 3.75% to 4.65% (in a short amount of time). We run through 5% on the 10-year Treasury, and everything blows up. . . . The bottom line here is we are at the end game of a fiat currency. Young people have never experienced high inflation. . . . Where we are this time around, Paul Volker (Fed Head in 1979) was able to raise rates to 16% or 17% and crush inflation. He was able to do that because there was not a ton of debt. The U.S. debt back in 1980 was 35% of GDP. Now, it is 125% plus debt to GDP. If you raise rates to 6% to 8%, you will blow up the entire system because much of this debt was put on during the 1% to 3% interest rate time. . . . The inflation is going to push rates higher no matter what the Fed says.”
Gold is hitting one new record high after another. It’s not greed, but fear, and Holter says, “Big money is buying gold because they are looking for protection.” The other wild card is war, and Holter says, “War is a way to keep the system propped up.”
In closing, Holter contends, what you are seeing is not a series of mistakes by incompetent people. Holter says, “This is too stupid for it not to be the plan. . . .This is not a Republican or Democrat thing. We are being steered directly into a brick wall because the globalists can’t take over the world with the US standing. They have to take the US down, and if they take the US down, so will the western financial system fall. If that happens, the globalists can have their way.”
There is much more in the 46-minute interview.
Join Greg Hunter as he goes One-on-One with financial writer and precious metals expert Bill Holter for 4.16.24.
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After the Interview:
Bill also added that according to his former business partner, Jim Sinclair (who died in October of 2023) said at some point gold will start a rally that you never sell. Holter thinks the rally in gold and silver going on now is the rally Sinclair was talking about years ago.
Bill Holter’s new website is still growing, and it is totally free. It’s called BillHolter.com.
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WHO IS DOING THE “DRIVING” INTO THAT “BRICK WALL”?!?
WHO LIVES BY THE DEATH CODE: “LIVE AND LET DIE”?!?
ZIONIST WHITE PEOPLE!!!…ITS WRITTEN IN THEIR BOOKS!!!
Is there an edit option to correct typos ? Don’t see it anymore.
bottom right corner, the little cog wheel.
That’s Frank Zappa’s brick wall at the back of the theater.
This is what I said yesterday. It’s the demise of the dollar making this bull market in metals. It’s nice for us having some, but it is terrible for the USA and most of the world.
“Inflation”. Um okay. So why is the dollar going up if there is all this inflation?
The dollar is going up against other pieces of paper. It’s the cleanest dirty shirt in the laundry simply due to the fact that it’s the reserve currency of the moment.
What do you mean by “going up”?
If you figure that out, you’ll have your answer.
The dollar isn’t going “up.” By honest metrics, the US has been in a depression for years. It was just obscured by MASSIVE money printing. The national debt went from 5 trillion in 2000 to about 35 trillion now. 30 trillion in debt creation/money printing in 24 years…
And that doesn’t include other debt creation/money printing in the rest of the economy.
What a fucking idiot. The dollar is not going up Einstein, it continually buys less, and less, and less. Is that the fucking definition of going up to you????
The dollar is going up at the moment relative to the basket of other currencies which are relatively going down, and the dollar went up because the Fed raised interest rates from .5 to 5% (Mar2022-Sep2023) , slowing the US and the world’s Economy into Recession. The high rates made US Treasury Bonds look good to foreigners at the moment. Their citizens have been draining their Economies M2 money to buy US Treasury Bonds causing their Economies to worsen, and they are now begging the US Fed to lower rates (if foreign countries lowered their own rates to stimulate their Economy, even more money might leave). All the money the Fed created after 2020 and the money flowing to America since Mar2022 has contributed to our inflation.
ONE MORE KICK AT THE CAN he doesn’t talk about. The money center banks, BOA, JPM, Citi are holding about 15 trillion right now in CD’s and cash deposits IIRC. They will have the ability as a last resort to at least temporarily stuff these banks with their garbage paper in exchange for liquidity provided by the big banks. Afterwards we will be outraged at the interest rate paid the banks to use our cash and which guess what, we won’t get any of.
If it all goes blooey and we get a “new” currency the FED will literally just deliver truckloads of new paper and trillions in electronic digital cash to the money center banks. It is the scam to end all scams.
It will not go blooey. Study history, this is not the first time the Government has gone bankrupt. The thing is, it is not their debt, it is your debt. It just so happens, that the amount of the US debt is equal to all the wealth of the US citizens, who are by the way the ones really on the hook for the debt. The last time they were in this situation, they stole everyone’s gold. No one has any gold today, the peoples wealth is tied up in their retirement accounts and home equity. What do you think they are going to do?
It does not take a rocket scientist to figure out that interest is going up. The government continues to spend increasing amounts of money it does not have, and someone has to loan that money to them.
Hey Russia, will you lend us some money? No fuck you.
Hey China, will you loan us some money? No fuck you.
Hey Europe, will you loan us some money? We got no money, we were going to ask you to loan us some money….
Hey Jews, will you loan us some money? Yes but it is going to cost you… big….