Bix Weir, Michael Pento, Greg Hunter and Bill Holter Sunday 9-13-2020
Bix Weir
ALERT! China & the "Silver Knights" to Attack Silver Riggers Next Week?!
Sep 12, 2020
The Silver Knights are coming from China to destroy the Banking Cabal that rigs the price of silver.
There is no stopping them. 150 years of price suppression will NOT end quietly.
I EXPECT Wild Price Swings starting Next Week and continuing throughout the end of the year!
It's the END GAME!!
Michael Pento - Fed Policies Rocket Fuel for Gold and Silver
Greg Hunter: Sep 12, 2020
Money manager and economist Michael Pento says his portfolio is now weighted with 20% Gold and Silver.
He predicts Fed policies that are coming soon on inflation and interest rate suppression “will be rocket fuel for gold and silver. . . .And gold and silver are just getting started. . . . If Bitcoin is $10,000 per unit, why can’t gold be $5,000, $10,000 or $15,000 per ounce?
With the amount of dollars out there, it could easily be $5,000 or $8,000 per ounce, and that is where it is headed.”
Pento also says, “The bond market will eventually collapse, but the biggest collapse coming is the faith in all fiat currencies.”
Bill Holter: Get Out Now Before Total System Collapse
Sep 11, 2020
Tom welcomes an absolute icon to the show, Bill Holter. Bill works and writes alongside the legendary Jim Sinclair. Bill discusses the Feds Repo market break down that occurred last year and how the Coronavirus "saved" it.
argues that everything is about the credit markets and not stocks. There is a lot of mortgage debt and rent delinquency, which means payments are not getting to the owners of that debt.
He believes the credit market backs have now been broken due to the lack of debt servicing. Debt is exploding rapidly, and it seems doubtful that the US has the gold reserves it claims. Those reserves were last audited in 1956, and there are numerous ways gold could have leaked out over the years. If the US has the gold it claims, it would still need to be revalued at $120,000 to back the current US debt.
The Comex is desperately acquiring metals wherever they can to keep up with delivery demand. When the Comex fails to produce the metal, that will break prices free to the upside, which appears to be occurring right now.
Bill discusses what a currency reset would look like and why you want to see a transition to real money and away from a paper-backed fiat system.
He says, "Everything financial today is worth nothing."
He discusses why bonds have been a bad deal when compared to gold. Pension funds may be acquiring metals via the ETF's, but regardless there is nowhere near enough metals to back even a fraction of them. Eventually, the junior mining sector, which holds future reserves in the ground, will be the last place where investors will be able find any exposure to gold.
Time Stamp References:
0:51 - Repo market failure and coverup.
2:35 - Credit markets and liabilities.
5:20 - Requirements to revalue gold in USD.
6:10 - US gold reservers and audits.
7:15 - China and it's fiat history.
8:30 - Dollar is the mirror image of gold.
10:35 - Comex and delivery demand.
11:45 - Whats pushing silver higher.
12:50 - Comex failure in progress.
13:30 - What a monetary reset could look like.
16:25 - Everything financial is worth nothing.
18:30 - Pension plans acquriring gold?
19:15 - Defining GOTS.
21:30 - Ideal gold and silver products.
23:40 - Mining stocks and their potential.