More News, Rumors and Opinions Sunday Afternoon 5-26-2024
Next 6 Months Completely Insane – Bill Holter
By Greg Hunter’s USAWatchdog.com (Saturday Night Post)
Back in August of 2023, precious metals expert and financial writer Bill Holter predicted there was a long list of financial trouble coming to America. [The rest of this paragraph has been redacted]
Holter goes on to add, “We have an election coming up, and I still believe there is less than a 40% chance that we even have an election. From a financial standpoint, you have commercial real estate that is imploding. You have bank deposits that have fled the banking system. You have the financial system really on the rocks. . . .
Somebody had better start cutting rates because just in the past six months, China’s debt growth has turned negative, and so has their money supply. That is a recipe for complete disaster in an over-leveraged system.
It’s not just China, it’s the whole world. The whole system is over-levered. Somebody had better cut rates to inflate; otherwise, Richard Russell’s ‘Inflate or Die’ comes into play.”
It seems the Fed is freaking out over interest rates. The Fed is not talking about cutting, it’s talking about raising rates in its last meeting. What’s going on with the Fed? Holter says,
“They are fearful of a fiat collapse.
They will more than likely cut rates, and then $15 a gallon gasoline and $25 for a cup of coffee is going to become a reality. In the intermediate to long term, interest rates are going to explode. . . . Interest rates need to be much higher to support fiat currency.”
Holter also predicts that gold and silver have already broken out to the upside and will be going much higher in price. Holter is especially bullish on silver after it broke through $30 an ounce, which it has not done for a decade. Holter says, “I think silver is more important than gold because silver is the fuse for gold. Silver is a tiny market compared to gold. The gold market is 10 times bigger. . . .They are losing control of silver . . . .
If they want to keep gold under control, they better keep silver under control. The Achillies heel to all fiat currencies is gold. Again, if they want to keep gold under control they damn well better keep silver under control because silver is the fuse to the gold market.”
Holter thinks both gold and silver are going much higher in 2024 and beyond, and this is the breakout year for both.
There is much more in the 44-minute interview.
Join Greg Hunter as he goes One-on-One with financial writer and precious metals expert Bill Holter for 5.25.24.
https://rumble.com/v4xaubt-next-6-months-completely-insane-bill-holter.html
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man If they change the value of their currency they're going to have more surpluses...The oil price is about $70 in the 2023 budget. That hasn't changed for '24 or '25 because that's a tripartite budget. They got a surplus. Oil is somewhere around $80. It's been as high as $91ish. The expectations of oil is to be somewhere in the neighborhood of $80/$90 and they even talk about $100/barrel...Iraq is going to be sitting pretty good...They have phosphates...sulfur...natural gas...Those non-oil revenue streams...taxes and tariffs are going to come online...Iraq has a good foundation for Alaq to do what he's supposed to do.
Bruce [via WiserNow] ...We have Memorial Day on Monday -- It looks like we probably will not get...the 800 numbers to call in until Tuesday -- when everybody's back at the redemption centers back to the call centers. I believe we're gonna get those on Tuesday and exchange if we get them early enough, either on Tuesday afternoon or on Wednesday...That's where I've been led from these sources that we have.
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