Greg Hunter (w/ Bill Holter): Gold in Hyperdrive in Hyper-Levered House of Cards

Greg Hunter (w/ Bill Holter): Gold in Hyperdrive in Hyper-Levered House of Cards

Hi, I’m Greg Hunter. Welcome to USAWatchDog.com. Before we start, our trustee or my trusty advertisers, it’s a discount gold and silver trading. Let me get it in there with you there.

 

There we go. Everybody’s got a phone number. Record highs this past week on gold, not silver.

 

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USA is the last one. And to come on, we had a big week in gold. I mean, one record high after another, it seems like.

 

We were touching 3,100 this past week in gold. Silver still not even close to its all-time high. But to talk about the metals and all the meaning behind the metals, which, you know, gold is always sending a signal, and so is silver.

 

But I wanted to have on the new Mr. Gold. He worked with Jim Sinclair for years. They called him Mr. Gold.

 

He was his business partner, and he certainly has grabbed the mantle. He’s also a gold broker. It’s Bill Holter.

 

Bill Holter, thanks for joining us today on USAWatchdog.com. Bill Holter, thank you for having me, Greg. Gold at basically another all-time high this past week. And I said, well, silver’s hitting all-time highs.

 

I said, no, no, silver’s not hitting all-time highs in dollar terms. Tell me about the gold and silver ratio and what you’re seeing with gold at, you know, almost touching 3,100, where it is 3,080-some-odd dollars, and silver’s at around 34. What’s going on with gold and silver, and what would be the all-time high for silver? Well, the all-time high in silver was back in 1980, and then again in 2011, silver got to $50.

 

At this point, it takes about 90, 91 ounces of silver to buy one ounce of gold. So that’s your gold-to-silver ratio is 90-to-1. And we’ve talked about this many times before.

 

Silver comes out of the ground, call it at 10-to-1. So that’s God’s ratio at 10-to-1. A man’s ratio is 90-to-1.

 

One of them’s right, one of them’s wrong. And I think you can figure out long-term which one’s right and which one’s wrong. Gold pushing to 3,100, and you’ve got, in Bank of America maybe yesterday, it was either Bank of America or Goldman talked about $4,500 in gold.

 

The bottom line with gold moving literally like a tractor in first gear, what that says is that it’s a vote of no confidence, if you will. You’ve got foreign central banks, foreign sovereign treasuries, foreign sovereign wealth funds are all buying gold because they understand, well, first off, gold is now considered a tier one asset. But more importantly, gold cannot bankrupt.

 

And I think big money is looking at the financial system, understanding that it’s a hyper-levered house of cards or Ponzi scheme or whatever you want to call it. And sovereign treasuries from across the world can and highly likely will default in some cases. Gold and silver cannot default.

 

Gold and silver are monies themselves. And this fiat experiment started off with dollars, the European currencies, the yen, etc. They were derivatives of gold.

 

And over time, during the late 60s, 70s, 80s, the U.S. government tried to demonetize gold. And for quite a few years, it worked. They had several various suppression schemes to keep the price of gold down.

 

They desperately have to keep the price of silver down because you cannot, they can’t let silver run because if silver runs, gold is going to follow. And like I said, high gold prices or high and rising gold prices is basically a vote of no confidence by the international community. The high price for silver, you said, in the pre-interview, you said, I said, well, it’s a near all-time high for silver.

 

No, 50 bucks in 1980 and around 50 bucks in 2000. Wow. So silver is a suppressed deal.

 

Yeah, silver is cheap. And understand, just to give you a little insight into supply, for retail, there’s plenty of supply. There’s plenty of silver of all forms.

 

There’s plenty of gold in all forms. We’re passing shortages that we’ve seen over the past two, three, four years where premiums went through the roof. Premiums now are actually very low, as low as they’ve been in the last 10 or 15 years.

 

However, for the institutional side, gold and silver are very tight. Just an example, and I haven’t looked at it in the last week or so, but if you wanted to go out and short like PSLV or short SLV, you’re looking at 10%, 12% or higher to short those. The supply of physical metal, I mean, you’ve seen literally several hundred tons of gold move from Europe to the US.

 

And you’ve got a lot of people running around saying that that’s related to the tariffs. And I’m going to say, yeah, maybe 5% or 10% of the move is related to the tariffs. The rest of it, I believe, is because people are getting nervous over the amount of rehypothecation that’s out there.

 

So they’re calling their leases back. A lot of gold had been leased over the years. And I think that gold is coming back to the US, basically coming home.

 

So we had a big month in silver on the COMEX. I think roughly 80 million ounces are going to be delivered. I mean, that’s unheard of.

 

And it’s looking like, I think, what is it, April? And you’re looking at maybe 80 tons or thereabouts of gold. And that’s just at the start of the month. And what we’ve seen in the past is they start out.

 

It used to be they start out with a number, and that number would dwindle. And over the last two or three years, you start out with a number at the beginning of the month, and then there’s more people piling on during the month demanding delivery. So it really does look like both LBMA and COMEX are being squeezed.

 

And it would not surprise me in the next 30, 60 days to see a full-fledged, short squeeze begin. In other words, you mean a failure to deliver? They just won’t be able to deliver? Well, that’s going to be the final outcome. The squeeze, basically, you’ve got naked shorts out there.

 

And the naked shorts or even covered shorts, they’re being forced to cover. They’re being forced to buy. They’ve already sold.

 

So the close their position is to buy. And that, again, I’ve talked about this for many years, that the ultimate end game is a failure to deliver. And then going back to what Jim Sinclair used to always say, what is the value of a contract that cannot perform? And the answer to that is zero.

 

And when they fail to deliver, those contracts no longer perform, because they’re supposed to not just represent gold and silver, but they’re a conduit to having gold and silver delivered. And if there is a failure to deliver, then it basically negates the value of the contract. Well, wow.

 

And then what happens to the physical metal? Everybody’s been waiting for silver to take a moonshot for at least make it back to where it was in 2011, 50 bucks an ounce. And that just seems very elusive. Are they suppressing it that hard still? Oh, absolutely.

 

I mean, you can see it. You can see it on a daily basis. If you look at charts, currently it’s first thing in the morning, markets open, and then all of a sudden, boom, they hit the markets with basically unbacked contracts.

 

It’s naked shorting. Although, I mean, CTFC doesn’t do anything about that. They’re always talking about how we want integrity in our markets, but not the gold and silver market.

 

No, no, no, no, no, no, not there. Right. The reason behind that is because gold is the direct competitor to the dollar.

 

I mean, if we had $5,000, $10,000, $25,000 gold, that would be a complete vote of no confidence in the dollar in treasuries. And the reason it’s important to keep the price of gold down is because it’s a thermometer. When it’s up and rising, it’s showing there’s a problem, confidence is breaking.

 

And what they want to do is they want to keep the price down, which allows the U.S. Treasury to continue to borrow basically in unlimited amounts. Gold and Fort Knox, I think there’s, I talked to Jim Rickards years ago, now you can take this for what it’s worth, and this kind of makes sense to me. But he said that it wouldn’t be that stupid to get rid of all their gold.

 

He says, now, there may be, you know, multiple claims on every ounce, like 300 claims. And so I think that, you know, you know, El Presidente Trumpo, he would say, hey, you all made a bad, bad investment. That’s our goal.

 

That’s a national security issue. Sorry, not sorry. What do you think? Well, that’s he will absolutely do that as long as the gold has not been shipped out already.

 

I mean, if the gold had been leased out in past years and was shipped out there, you know, they’ve got to call it back. And it may be some of the gold that’s that has gone short in the last two or three months. Some of that gold very well may be destined to come back into the reserves that supposedly were never touched.

 

Just a side note, if you remember, and this was 10 years ago, 12 years ago, 2013, 14, when Germany asked for their gold, I think it was 300. It was a little over 300 tons. And the Fed, the Treasury told them that it would take several years, three or four years to do it just because it was so much money and so much weight and blah, blah, blah.

 

Well, they just moved what, 400, 500 tons onshore within a month’s time. And I did the research back then. If you took a a Boeing 747 cargo plane, they could carry 95 tons.

 

So they could have done it in four plane loads. But here’s the kicker. When Germany got its gold, it was not the same gold.

 

The serial numbers did not match whatsoever. So what we had to do, apparently, was go out, find the gold, buy the gold, and then ship it to Germany. But the, you know, the bar serial numbers were all wrong.

 

It was not Germany’s original gold. So there was monkey business. And that’s 10 years ago.

 

I had Martin Armstrong on not long ago. You know, he’s been right with the Socrates computer. And he says, a lot of this is capital flight, you know, gold coming back.

 

They’re afraid of war. And you take a look at any headline any week. You know, just recently, you have Necron and Starmer, you know, France and Germany will show you how to take care of Putin.

 

I’m thinking you with no hypersonic weapons and, you know, a few hundred nukes and no real military to speak of and not really funding your military. And then, you know, all these awful things that Zelensky is saying about Trump. And, you know, he knows about real estate, but this is different than that.

 

I don’t think they’re going to have a peace deal. Armstrong is saying they’re going to have war in Europe and they’re going to lose. This is why this capital is one of the reasons why it’s coming over.

 

And also Ukraine is going to flatline. It’s going to go to zero. It’s going to disappear as a country.

 

There is, I mean, what Trump said in the White House, this is the most important thing I read. And I’ll let you talk here. I’m sorry.

 

He looked at Zelensky and said, you sign a deal or we’re out. And that means, I think, out of Ukraine, out of Article 5, one for all, all for one, out of the we’re out, we’re done. You sign a deal for peace or we’re done.

 

And I don’t think there’s going to be a peace deal. What do you make of this? We look like we’re headed for they’re headed for war over there. Hope we don’t get dragged into it.

 

Go ahead. Yeah, I think if you look at what Trump has been doing, I believe he wants, he does want out of NATO. And I don’t think that’s a bluff by any means.

 

I think the U.S. will walk away from backing Ukraine and they will get bulldozed. I do want to say, because we’re on the topic of moving out of NATO. I mean, Trump’s done so much in the first 60 days to undo things that have been done in the past.

 

And I know we talked about the last time we interviewed, we talked about Doge. And it’s really important that people understand that all of this slush money that’s been paid out. I mean, look at the 14 magic money computers that Elon Musk has found.

 

My point being all of this money that’s been just spewed out into the economy that registers as GDP. So if you shut those spigots off, you’re shutting off. You’re shutting off and the real economy slows down.

 

So there’s less cash flow from that and the real danger. And I’m not so sure that it’s by accident. I mean, it could be Trump’s idea of pulling the rug or pulling the plug or whatever you want to call it.

 

I have to believe he understands that by cutting the spending, by cutting the capital that’s going into the system, with the system as leveraged as it is right now, it’s going to take everything down because what you’re doing is you’re cutting off new money to the Ponzi scheme and no Ponzi scheme can survive without continually more and more new money coming into it. Uh, you know, when you talk about institutional investors, you’re talking about people who are buying bars and tonnage, you know, for, so for them, if they got a billion dollars to spend them getting, uh, you know, Oh, I’d like to have a 300 gold eagles that doesn’t help them. It might help you or me that to you or me, that’s a lot of money.

 

That’s, you know, 300 gold is a lot, but to them, it’s like, it’s just a rounding error. You know, we need tonnage. Right.

 

Is that what you’re talking about? When you say the institutional side is tight and the retail side is not. Yeah. If you want to go up by 50 million or a hundred million or more, uh, in bar form, that’s very tight.

 

I mean, I, I imagine you could probably go out right now and you could probably buy, um, fairly easily 25 million of, uh, gold eagles, but institutions don’t buy in that form. They buy in bar form. They find it.

 

Yeah. So it’s still, so, so retail investor might say, wow, what do you mean the market’s tight? I can get all the gold in the server. I want you to say for now, for now.

 

Exactly. Yeah. And that’s the other thing.

 

When, you know, gold’s moving, it’s moved through $3,000 an ounce. And as I said, I believe it to be a vote of no confidence, which will end up in a failure to deliver. And what will happen is gold and silver will go into hiding.

 

If you own gold or you own silver, and you see there’s a failure to deliver and all of a sudden the price explodes, do you really think people are going to go out and start selling? You might get a little bit of selling from people who, who absolutely need the money and have been waiting for a certain price, but by and large, gold and silver are going to go into hiding and they will not come out of hiding for any, any fiat currency that can’t be trusted. And all fiat currencies on the planet earth right now, none of them can be trusted. So I don’t, I think you, what you’ll see is gold and silver, the supply will just completely dry up.

 

Nobody’s going to sell it until they can sell it for a currency that can be trusted. Well, I, I, I, we generally don’t talk about your gold brokerage business, but I know you’re an expert and you’ve, you’ve handled, you know, and I don’t want to expose your stuff, but very wealthy people and tens of millions of dollars for individuals. Okay.

 

So I can say that, right? Okay. So, uh, Franklin, uh, you know, you’re, you’re Franklin, uh, you’re, you’re folks, right? Miles Franklin. Miles Franklin.

 

So let’s say we start getting up two, three, four, $500 a day up on gold and, you know, 10, 15, uh, 20 bucks up on silver is Miles Franklin going to sell their inventory? Are they going to say, well, whoa, whoa, whoa, whoa, whoa, whoa. They just put up, they just set off a tactical nuke in Paris. We’re not selling anything.

 

I mean, I hope that doesn’t happen. Don’t get me wrong, but they are messing with Russia. Right.

 

And just so you understand, uh, the dealers, yeah, they hold inventory, but they don’t hold a huge inventory. Uh, when somebody makes a purchase, generally we go to one of, I don’t know, four or five different, uh, large wholesalers and we purchase through them. It’ll be the wholesalers who turn around and say, no, we don’t have any more.

 

We’re holding onto inventory. It won’t be the dealers. It’ll be the big wholesalers.

 

Wow. And you think that could happen if they have a failure to deliver and they have a, a, a, Oh my gosh, a screw up a screw ups. Uh, you’re thinking that the whole thing could just the whole physical market could the holes, the breaks will come on and you’re going to hear nothing but, but skidding entire, uh, smoke, uh, coming to a screeching halt.

 

Yeah. A failure to deliver, uh, will lead, will lead to a meltdown of the entire financial system because what that’ll do is it’ll spread immediately from gold and silver to other commodities, other Comex contracts. And I rates, uh, equity markets, et cetera.

 

So if you get, if you get, uh, various contracts that are failing on Comex, they’re all going to fail. This is going to spread. If you get a, when you get a failure to deliver, I don’t think the world will spin more than three times before Mark can start having a problem.

 

All markets, stock markets, uh, bond markets, currency markets. I think markets will have a very hard time opening to the point where the entire financial world closes for a spell. And again, it’s strictly based on, on confidence breaking.

 

Uh, basal three, uh, goes into effect on what, um, what I have it. It was at, uh, uh, I’m sorry, July 3rd, basal three goes into effect, July 3rd. I mean, where you got to have a tier one asset and gold is your tier one asset.

 

That’s going to happen July 3rd. I mean, this is going to go off pretty, this isn’t like 10 years down the road, three or four years down the road. This is going to go off pretty soon.

 

Yeah. It’s about three months out. Uh, and that the whole thing here is about rehypothecation.

 

Uh, the banks can hold gold on their books, but it better be clean. It better not be encumbered, you know, five times, 10 times, a hundred times. Uh, I mean, you mentioned with the golden Fort Knox who owns, who actually owns the gold or who claims ownership to the gold.

 

If you have, if you have a 400 ounce bar sitting in the vault, but you got 25 different owners, whose gold is it? And that’s the problem is there they have rehypothecated. And that’s the problem with the world we’ve gotten to debt saturation. There’s very little collateral left.

 

That’s not encumbered. So we’ve reached debt saturation where you have a lot of individuals, a lot of even corporations are not wanting to borrow. There’s corporations, there’s individuals that are being forced to borrow to keep themselves above water.

 

Um, so the, the rehypothecation, the, the problem with that is you don’t know who the, who the actual owner is. And again, what does that do for confidence? Oh, I, you know, it’s, it’s, uh, you know, it’s a sticky, it’s a sticky thing we got going on. And, and it looks like they’re, they’re not going to, they’re not going to everything.

 

Oh, Trump’s going to step in and tap it all down. I don’t, uh, France, Germany, uh, UK, Zelinsky, uh, they don’t want a peace deal. They don’t want it.

 

And so that’s a whole nother, and then we haven’t even talked about the, uh, dad brought this up. You know, one of the things that could blow up is the gen carry trade, which has already stopped. He says the Japanese yen, they’re raising interest rates.

 

I mean, nobody’s even talking about that. The yen, these are the people bought the Kennedy center at one time. You know, the Japan was the psychedelic shack, right? Remember all that? They were the, Oh, they were the people.

 

Japan was going to take over the world. Not, but what’s, what about the Japanese yen? What’s going on with that? Well, again, it’s when you say carry trade, what you’re, what you’re looking at there is, uh, you’re, you’re, you’re borrowing between the dollar and the yen and you’re, you’re borrowing, you’re borrowing in yen because it was a lower interest rate than dollars. And you’re counting on the yen to continue to weaken the problem.

 

And we saw this about a year ago, I think maybe, well, maybe nine months ago, back in June or July last year, their stock market was down 25% in three days because the yen carry trade started to blow up. And basically that again, goes back to the hyper leverage. Everything is borrowed against everything is leveraged.

 

And you’re, you’re, you’re watching big money. You’re smart money move out of paper assets and into gold and into silver simply because they cannot bankrupt in a system that it’s, it’s clear mathematically. I mean, this, this, you don’t even have to speculate whatsoever.

 

The system is in the process of imploding upon itself because there’s too much debt. There’s too much leverage. And I just go back to it again, that the whole system runs on confidence and when confidence breaks, everything breaks.

 

Well, you talk about rehypothecation, you’re talking about multiple owners of an asset. So when they’ve rehypothecated the bar, the weasels have sold it. Oh yeah.

 

Oh, Bob, I’ll sell to you. Oh, John, I’ll sell to you, Mary. Oh yeah.

 

Oh, Hey, hey, Freddie, we’ll sell this to you. They’re selling this stuff over and over and over again, the weasels and they’re banging a commission off every, every, every dope. What a scam rehypothecation.

 

They’ve sold the asset over and over and over and over again. Yeah, it is a scam. And let’s go back and revisit the things that Doge is uncovering.

 

I mean, everybody knew that there was all sorts of corruption and fraud, but now you’re getting to see exact instances of corruption and fraud. And the more that comes to light, the more that Doge shine the light on theft, on fraud, on corruption. The more we get to see, the less confident people are going to be.

 

And this has happened in the United States. The United States for years and years and years was considered the safe haven because of its pristine rule of law. Well, when you pull the curtain back and everything’s rotten, confidence breaks and you’re not going to have monies moving into the safe haven status.

 

You’re going to have monies leaving the United States for fear of what happened with Russia. They took the $300 billion and sequestered it. Again, it all goes back to confidence and not just physically the money that’s not going to hit the streets because of Doge, but mentally the corruption that they’re exposing.

 

They’re basically exposing that the United States is corrupt and a shitty place to do business. And you will see capital flight out of the dollar versus everything, not just foreign currencies. And what I just described there is that’s your hyperinflation when the dollar collapses in purchasing power.

 

May I, well, you know, these, when you talk about these magic money machines, you know, I was thinking that USAID, right? Well, they, they used USAID and we found out USAID was used to overthrow the duly elected government in 2014. And that’s how we got this nut job. Zelensky, you know, the actor, you know, dancing around in tights, playing the piano with, you know, one of his body parts.

 

But that’s how we got him. And so, but, you know, Victoria Newland, I mean, they were using USAID, which is supposed to be for rice and water and medicine and not a color revolution. And now we find out they do all kinds of crazy stuff with USAID.

 

And I’m wondering, you know, they had said they have a $40 billion budget. And I think, well, that doesn’t seem like a lot of money. I mean, in the world, I don’t want to sound like Mr. Big Pants, but, but if they had a magic money machine, what would be their budget? Whatever we want.

 

You need some money? We’ll send it to you. We’ll use the SWIFT system. And that’s, that’s the problem.

 

Well, I mean, so, so, so, so, and as we said, I’ve had, you know, the 21 trillion that Jack, Catherine Austin Fitz had, you know, uncovered, you know, along with Dr. Mark Skidmore. And then there’s another 20, 30 trillion. I mean, you know, there’s 23 off books and 36 trillion on books.

 

And what would be the, what would happen if they, well, excuse me, it’s, it’s 300 trillion. It’s, it’s an exponent of what we thought was bad. That’s what you’re talking about, right? Right.

 

Yeah. And that’s the problem. We don’t know now what the true money supply number or numbers are.

 

We don’t know truly what, how much debt is owed. I mean, how can you be a quant on wall street and do the math on something where, you know, the variables are not correct. And, you know, the money supply has got to be higher than what they’ve said the money supply is because these magic money computers spit money out.

 

They don’t talk to each other. They don’t talk to the Fed. They just create money out of thin air.

 

And the question is over time, how much money, you know, how much additional money has been thrown into the system that we don’t even know about. That’s not even recorded. And then go back, you know, go back and say, well, you know, what if this money had not gotten into the system, where would we be today? The system would have broken.

 

You would have a meltdown of, you know, leveraged financial products. And that’s exactly where we’re headed. I mean, we’re going to get there and doge revealing the corruption, the fraud, the fact that they just pay money out of thin air.

 

That’s that. I mean, that’s a huge problem. You cannot do the math if you don’t have good numbers.

 

If you don’t have good numbers inputting, your output is crap. I just saw an interview with everybody’s like sloughing this off, like, yeah, yeah, whatever. You know, it’s just like he said, you know, we’re going to try to cut a trillion.

 

We cut 15 percent. You can cut 15 percent out of the. But you were talking to seven percent would be a disaster.

 

You can cut 15 percent of waste. You can cut a trillion dollars out of the budget. What I mean is two trillion.

 

What happens if it’s way more than that? I mean, we don’t know it and neither does Doge. And if they do know what they’re not saying, tell us anybody. Yeah, Greg, you and I are not the smartest people on the planet.

 

There’s well, I’m not many people, maybe far smarter than us, far smarter than us. And if we can glean that, you know, if they’re going to cut 500 billion or a trillion or two trillion or whatever, if we can figure out that that’s a problem both for the real economy and for the financial markets. Don’t you think the people that are running the show know that? And that tells me that they’re purposely pulling the rug out from under the under the system.

 

It’s game over. So you think and this is this is kind of like, you know, you’re being overrun in Vietnam and your position is being overrun and you’re in foxholes and they’re not. And so you call it an airstrike on your position, thinking that, well, more of them are going to get killed than you and your foxhole.

 

Is that what you’re talking about? They’re calling it an airstrike on their own position. Right, pretty much. It’s like they’re kicking the table over.

 

And I’ve said for years and years that ultimately they would have to kick the table over so that the system wouldn’t be functioning well enough afterwards to go after arrest and incarcerate the people who did the fraud, who did the corruption. So, yeah, I think that’s a pretty good analogy. They’re calling it an airstrike on their own position because they know the system’s untenable and they’re going to take this thing down.

 

And I mean, there has to be some type of plan for a new central bank digital currency, whatever. And it does also fall into the great taking. I mean, if there’s if they’re not going to reboot the system immediately, basically they’re just going to hoover up all the collateral that’s on the books of banks, brokers, insurance companies, etc.

 

And the population is going to end up with pieces of paper that say you own something. But legally, the ownership is by the brokerage house or by the bank or what have you for the customer’s benefit. But the actual owner is the bank, the broker, etc.

 

And if they these banks, brokers get into a problem, they’re just going to they will just swallow up all the collateral that they’re sitting on. Well, you know, we’ve already seen that, though, in practical application in Europe. They’re talking about taking 10 trillion dollars in unused savings, OK? And of course, they won’t even air this out over here because they want to freak everybody out.

 

But they’re taking this is a reported story. They’re taking so they could rearm against Russia 10, 10 trillion euros in unused savings in Europe. They’re already doing the great taking.

 

We’re just going to we’re going to give you a bond. We’re going to give you we’re going to use talking about, well, we’re going to we’re going to hold it for you. We’re going to use those unused savings.

 

They’re already doing it in Europe. Right. Well, Europe is changing the rules.

 

I mean, in order to take take those funds and replace them with bonds, they’re changing the rules. The laws are already on the books in place pretty much worldwide that. If the bank, if the broker goes under and they owe other counterparties, they can take all the assets on their balance sheet and your stocks, your bonds, your money balances, they’re not on your balance sheet, they’re on the bank’s or the broker’s balance sheet.

 

So legally, they can confiscate all of that collateral to save themselves. And it’s going to be a disaster. For the public, the public, this is going to be the greatest fleecing, the greatest theft, the greatest wealth transfer in all of history.

 

Oh, boy. What would no wonder why Martin Armstrong is saying Martin Armstrong is in demand all over the world, right? I’ve got two years of food. And you think, excuse me.

 

And, you know, if I said it, you think I was just, you know, the tinfoil hat wearing nut job that you would think. But Martin Armstrong saying it that warning danger, Martin Armstrong saying he’s got two years of food. This is what you’re talking about.

 

Everything would stop. Everything would come to a grinding halt. Is that what you’re saying? Well, yeah, it’s what I’ve talked about for years as far as credit.

 

I mean, when markets collapse, credit is going to stop. And the world runs 100% across the board on credit. There’s nothing that you do, nothing that you look at in your home, on your property, in your day-to-day life.

 

There’s nothing that you do touch or look at that has not had some form of credit used to create it. And gold is the anti-credit. Right, exactly.

 

Because gold itself is money. It’s money that cannot bankrupt. And as long as that gold is unencumbered, it can’t, you know, you can’t lose it.

 

You can’t be taken from you. It’s the ultimate safe haven. It’s the ultimate move to cash before things collapse.

 

Because it’s real money. And what did JP Morgan say? Gold is money and everything else is credit. Right? You know what he said? Correct.

 

What about dollars? What about having dollars? Will dollars be useful for a while? I mean, they just, you know, poof, there’ll be Federal Reserve notes. There’s got to be something in the background that we don’t know about. Treasury dollars or some kind of dollar, some kind of asset-backed dollar.

 

There’s got to be, isn’t there, you know, what would happen if you had, you know, $3,000 or $4,000 in Federal Reserve notes? Would that be useful? That’s kind of two questions. I do believe coming out of whatever collapse we have, I do believe that you’re going to see treasury dollars, in other words, non-usury dollars that don’t have interest attached to them. Go back to, what was it, 1836 with Andrew Jackson, those type of dollars, not the Federal Reserve type of dollars.

 

Wow. People think that. Yeah, and the other thing is, yeah, if you have $5,000 or $10,000 in cash on hand and things go bad, go out and spend it immediately.

 

Because I think my opinion is, within two weeks, people are going to wise up and say, hey, wait a minute, I’m not going to give you, you know, some type of tools or gas or, you know, farmers, hogs or chickens or eggs or whatever. People are not going to trade real stuff for pieces of paper. Wow, wow, wow.

 

But it’ll take a couple of weeks because there won’t be any money on the streets and dollars will spend very well and probably go up in value over that, you know, one, two, three week period of time. But then all of a sudden the bottom’s going to drop. Right.

 

But I think that while it’s going to be a short while. So buy stuff, buy dog food, buy water, buy canned food, make sure you have toilet, I mean, I know this sounds very medieval, man, but buy some extra stoppers for your toilet, you know, buy yourself an extra flow valve and learn how to put one in if you had to, because, you know, nothing’s worse than a leaky toilet in your house, man, it can ruin your house. But so you’re, you’re taking this is going to get this.

 

Let’s talk about timing. Go ahead. That’s the stuff you should be doing now.

 

All the stuff you just mentioned, you should be doing all that stuff now. It’s readily available. I mean, literally, the stuff you just talked about, you could go on Amazon, point and click and have it at your door in a week.

 

So that stuff you should. Lowe’s or Home Depot. But my point being, right, if you.

 

Get him, get him, you wicked. Go ahead. Your point being, go ahead.

 

Your point being. My point being, if you’ve got cash and the system goes down, you’re going to find, you will find some people that want to get rid of stuff, assets, things, because they think they need money and you’ve got, you’ve got the cash and you, you know, you probably get decent deals, but you want to spend it all because after two or three weeks, it’s going to be worthless. And then there’ll be a new currency.

 

Right, exactly. Well, obviously we have to have some type of currency. My suspicion is that it will be some type of central bank digital currency.

 

They’re trying to say, no, we’re not going to, we won’t be doing that. I suspect it’ll be central bank digital currency. And I do believe that it’s either going to be somehow ratio backed to gold at a far higher price, $100,000 or more per ounce.

 

Um, or you’ll have the treasury issuing dollars that are, do not have interest attached to them like they do now. Cause the way you create dollars now is, is through lending. That’s, that’s the biggest creator of dollars.

 

And people listen to go $100,000. He’s just saying, he’s just saying a hundred that, well, no, no, no. There’s a, you got a metric for that a hundred thousand dollars.

 

And that is, um, you know, if you take a look at the, what, 8,300 tons, 8,200 tons in the treasury. And I would take a look at the debt 36 trillion and you come up with a big number, right? That’s what you’re telling me the math on that. Yeah.

 

It’s over 125,000 is that number. If you take the amount of gold that we supposedly have, which I highly doubt. And even if we do have that gold, it’s encumbered many times over.

 

But if you take the gold that we supposedly have and divide it by just the on books debt, none of the off book stuff. So we’re not talking 200 trillion. We’re talking 36, 37 trillion.

 

You do that math and you come up with a number over 125,000 an ounce. Yeah. That’s just a math.

 

That’s just a math problem. And you just think that this whole thing is, this is going to, this is going to blow. And, uh, you think it’s going to be this this year.

 

I will, I want to say this. I, I, I see this and I’m thinking to my side, I know bull pony is a friend of mine. And then I know a cliff high and he was a guest on this show.

 

And he said, both guys are very smart. They’re in the opposite end of the spectrum spiritually, but they’re both very smart. And, uh, they, and I know they don’t watch each other’s thing.

 

Cause they’re, you know, total industry, but here’s what they both came up with that. This doge, like you said, has said that it’ll cause confidence to break and the dollar could crash sometime this, this year, middle of this year. I’m just going to say that, that the whole thing could come undone because of the, of the wow.

 

I knew it was bad, but not that bad. That’s what had doubt said. That’s what you said.

 

You know, that, that, then they, they’ve reached a consensus people that only opposite average to consensus, just like you, uh, the dollar’s going to get hit. You know, we’re going to figure out what’s going on. You’re saying that this doge thing, and you’re saying that they are purposely doing it.

 

Well, I don’t know for a fact that they’re purposely doing it, but that would be my, you know, I would surmise that. Um, and yeah, the, the two of them from two completely 180 degree angles from each other came up with the same conclusion. And that conclusion is what we just talked about that uncovering all of this fraud, all of this corruption, it’s going to piss people off.

 

It’s going to scare people. It’s going to break their confidence. And again, the entire system runs on nothing but confidence.

 

It runs on credit, but credit runs. You’re not going to lend money to someone you don’t believe can pay you back. Yeah.

 

So credit is, is supported by confidence. When you break confidence, you break credit. When you break credit, the real economy stops.

 

End of story. Bill Holter, uh, you, uh, have your, uh, your website, uh, your, uh, billholter.com, uh, great stuff. You write a lot of stuff.

 

You’re a prolific writer. Uh, you also have an email that I put in that you want people to contact. You are a gold broker for Miles Frank and love them.

 

Uh, anyway, but thank you for coming on. I mean, uh, this is, I mean, we’re, we’re approaching it. This has been going on for a while, but it’s coming to a head man.

 

And it is probably this year it’s coming to a head bill Holter. Thank you for joining us today on USA watchdog.com. Thank you, Greg. And as we close, I just want to give a shout out to my advertisers who are very trustworthy.

 

They all have phone numbers and, uh, they, I never get complaints on any of them. Okay. They’re just fantastic.

 

And all of them are good Christian people. Uh, here we have a discount gold and silver trading. You heard, uh, bill Holter talking about how, uh, silver, uh, not even half a little less than half of their all time high at, at 50 bucks was the all time high around 50 bucks.

 

Uh, and gold going much higher. If you, if you take a look at all the debt we have, uh, you have the satellite phone store. This is the backup of batteries that you can power with your cigarette lighter or a one 10 outlet.

 

I have some of these batteries and I, I plugged one of them in. I must’ve been eight months. I may have been a year ago and I, and I turned it on.

 

It’s 99%. So you don’t have to worry about, Oh, my power’s out. I gotta go get my, my solar panel out.

 

You can charge it with that. Right. Uh, but, uh, also the, uh, the satellite phones, uh, you know, I mean, when you have these big fires and hurricanes and all this other stuff, what happens? Uh, you know, communications getting knocked out, completely knocked out.

 

And here’s the ISAT phone too. There are some deals that you can get with these phones along with, uh, you can get a dark bag. Some of them will give you a dark bag type deal.

 

And then you have the bivy stick, which is texting only. They give you a smartphone with this, haha, still got it. Uh, they give you a smartphone with this, uh, that you use to keypad on.

 

You can’t use a smartphone for, uh, for anything other than the keypad and also GPS. Uh, but you can’t talk on it, but you can text on it via satellite. And those are some of the things that you can do.

 

Also the dark bag, uh, people did this right here is the, uh, is the, um, Faraday material. You put your phone or your satellite phone or your smartphone. If the people at J6 would have had a bag like this, where they could have stuck their, their device in it, they would have never been found.

 

They would have been invisible. And, you know, it’s not like they’re going to stop tracking and spying on you. And this is what this is about having, uh, you know, some privacy.

 

Also, uh, same thing with this, this is the ballistic bag. They have the same Faraday features with cuts off, cuts off the spying and the tracking and all that stuff. But also there is, uh, you know, a ballistic panel.

 

The bigger one has a big one. You can actually buy two panels. If you want to stick it in there, we’ll fit in there.

 

It’ll stop most handgun rounds. It’ll really stop most handgun rounds. But that’s just some of the stuff that you have with that.

 

Also, I just wanted to get with the clean water folks here and that’s dry out. But again, there’s the phone number. Hold on.

 

Let me get it in focus. There you go. Come on, do it.

 

Uh, there you go. There’s the phone number. Uh, they all have phone numbers.

 

Like Vlock all said, they have a phone number, a clean water phone number. Uh, their filters are here. Uh, I think some of the best filters in town.

 

I I’ve demoed this and, and use their, uh, beautiful clear container that you can find on their website and poured mud in it. And I, uh, you know, pour it, you know, put it out the spigot down here and drank the water. I mean, it’s not for that, you know, basically filtering mud, but it’s, uh, it’ll do thousands and thousands of gallons.

 

It’s a Berkey. Also they have the water treatment as well. Uh, just great, great stuff.

 

Never get complaints and fantastic, uh, water filtration technology, really fantastic knocks out 99.9% of viruses and, and, uh, all kinds of other, um, uh, harmful, um, pathogens, uh, and, uh, you know, pharmaceutical waste that you can find in the water now and all this other stuff. Uh, a lot of heavy metals, it knocks out. And then, uh, we have this, uh, Western Scientific, uh, and it just says, don’t, and I love this saying, just don’t trap germs, kill them naturally.

 

Well, that’s what happens. This is not air filtration. This is, uh, air treatment.

 

This is bipolar, uh, ionization treatment. And, you know, of course the standout, uh, tool you have is the carry ion. I have these in every room of my house.

 

There you go. It’s, you know, running, you get the blue light up there, uh, and it treats the air with bipolar ionization that knocks out spike proteins and mold and mildew and, uh, you know, chemicals from the, all these fires that we’ve had. And, you know, uh, East Palestine, Ohio, we had all this awful ill stuff.

 

You can’t just close the door on it. I have it in every room of my house and I paid full price for it. Uh, one of the other things that you can get, and this replaces the 2700, I love this machine.

 

It’s the Western Scientific, uh, 2000. It’s remote control. It’s a big machine.

 

There’s also a HEPA filter in this. So it’s just absolutely fantastic. A huge, uh, basically, uh, amount of, of ionization comes out of this machine.

 

Uh, it’s reasonably priced, but, you know, having clean air in your house, you can’t just shut the door and, uh, you, you just have to have this technology. In my humble opinion, you can’t wait for the next, you know, spraying with the, with the geoengineering and, uh, you know, the chemicals that come out and the, uh, things like that. And, and that brings me to, uh, the folks, the wellness company, and they have, uh, lots of great, uh, products, the wellness company, uh, lots of great products.

 

And one of them that they have is this ultimate spike detox. Uh, had Peter McCuller on talking about that. People need treatment.

 

I’m going to have, uh, um, Dr. Elizabeth Eads on next week talking about you need treatment, whether you’re vaxxed or unvaxxed. Uh, Dr. Pierre Kory said this famously a couple of years ago, don’t look at it like, uh, you know, vaxxed and unvaxxed, look at it as treated and untreated. And yes, there is shedding on all kinds of new, uh, uh, um, uh, science on the amount of, uh, spike protein that remains, uh, and keeps produced in your system years later, and also shedding for people who have not been vaxxed, being shed on by the people who have been vaxxed.

 

Uh, it’ll be next week. Uh, but that’s the, uh, the gut life-saving meds. Now click on that.

 

You can get 45, uh, 45 bucks off the kits. You get 15% off the, uh, off the other stuff and free shipping. And then last but not least, uh, the tax network USA, there is a phone number tax network USA.

 

Let’s give him a little bit better here. Yeah, there we go. Don jr. Nicer picture for Donnie boy.

 

You know, he’s not going to be involved in a fraud tax network USA. They were going to have these 87,000 agents, folks. They were going to kick in doors.

 

They’re going to arrest people. They’re going to jail people just like the J six people. They were going to do it.

 

Uh, Trump stopped all that. You know, my suggestion, if you are in tax trouble, get these folks to help you and cut a deal. That’s I believe what the Trump administration wants to see happen to cut a deal.

 

Thank you again for joining me today on USA watchdog.com. I appreciate you. Uh, this is all about preparing all about knowing what’s going on, all about having knowledge. So prepare yourself physically, uh, mentally, and above all spiritually, that’s God, the father, Jehovah, his son, Christ Jesus, and the Holy spirit.

 

And as I always like to say, I just love this saying, I don’t know if I ever get sick of it. I never get sick of Jesus. Number one, he said many, many fantastic things that you should be listening to Christ Jesus.

 

But I love this because it’s hopeful that there would be no flesh left if the days were not shortened. So for the sake of the elect, the days shall be shortened. So the elect that’s you and me, brothers and sisters in Christ.

 

Somebody is going to be here when Jesus Christ comes back. Somebody is going to be here. Somebody said, Hey, you should have a new picture on your website.

 

Uh, you know, and I said, you know, uh, that’s what I’m going to look like after Christ comes back. So, but anyway, listen, I digress. Um, hang on to Jesus Christ, make him your Lord and savior.