DOGE Forces US Bankruptcy Reset – Bill Holter

By Greg Hunter’s USAWatchdog.com (Saturday Night Post)

Financial writer and precious metals broker Bill Holter is back with a new warning on the effects of the Trump DOGE team (Department of Government Efficiency).  Everyone now knows of the huge unfolding fraud and waste being uncovered in federal government audits.  It simply has to be done for the nation to survive, but what many are missing are the consequences of these audits that are unavoidable.  Holter and his former business partner Jim Sinclair (RIP) laid out the US bankruptcy scenario nearly five years ago on USAW.  The post was titled “Trump Win Offers a Way Forward After US Bankruptcy – Holter & Sinclair.”  Of course, Donald Trump “lost” in 2020, and the bankruptcy button was not pushed.  Back then, Holter and Sinclair said the US was going to go bankrupt.  The only question was, would America get financially reorganized “under the rule of law or the rule of chaos?”  The voters chose the rule of law in 2024 with the Trump landslide.  Holter goes on to explain, “Mathematically, this is going to go down one way or the other.  Either it’s going to go down through nonpayment or going to go down when they blow up the value of the dollar.  They cannot pay the interest and debt back in current terms. . . . They would have to create more dollars, diluting the value of each dollar in order to pay the dollars back.  The question is, does this go down under the rule of law or does it go down under the rule of complete fraud and corruption. . . . Look at the last days of the Biden Administration.  Hundreds of billions of dollars going out the back door.  All I can say is when this is over, people better be going to jail; otherwise, you are not looking at a true rule of law.”

Holter goes on to say, “DOGE is uncovering all kinds of fraud.  This is what you see at the end of empires and even businesses.  You see fraud at the very end when empires go under.  The scope of what they are uncovering, just at this point, has been mind blowing. . . . The more DOGE digs up, the more the truth is going to come out and the more confidence is going to break.  When confidence breaks with foreigners, that’s a big problem.  Just this year alone, we have about $10 trillion in Treasuries rolling over.  It’s $28 trillion in the next four years.  There has to be an appetite for our Treasuries, and DOGE uncovering the truth is counterproductive to that.  They are uncovering the truth, but truth hurts confidence. . . .DOGE, by doing what should have been done 50 years ago, and had we had real accounting, we would not have a problem.  Now, you’ve got the system absolutely addicted to this cash flow coming out of USAID and all these different programs, and that is going to get shut off.  It’s like throwing sand into a gear box.  The system is going to grind to a halt, and that is going to lead to ‘The Great Taking.’”

Holter predicts, “When the system grinds to a halt, you see derivatives collapse, you see financial institutions collapse.  Then, guess what, they take all your stuff.  Under today’s laws, they do it legally.”

Five years ago on USAW, Holter and Sinclair predicted gold would be going much higher.  Gold standing at more than $2,900 per ounce shows they were correct, but Holter says you ain’t seen nothing yet, “Gold is a thermometer that tells the health of currencies and regimes.  At $2,950, gold is flashing the alarm now.  The average person is not equating that to an alarm bell, but it is an alarm bell.  People are using gold to get out of the system.  When all is said and done, you are going to find out there was fraud everywhere.  You are also going to find out that all these crypto currencies are the perfect accounting system for digital air.”

In closing, Holter says that when you consider the massive amounts of trillions of dollars of unpayable debt, gold could easily be revalued to more than $100,000 per ounce in a reset of the financial system.  Holter says, “This would reliquefy central banks all over the world.  I don’t think you would have central banks all over the world complaining about that.”  Holter says silver could be revalued upward to thousands of dollars per ounce in a financial reset as well.

There is much more in the 61-minute interview.

Join Greg Hunter of USAWatchdog.com as he goes One-on-One with financial writer and precious metals expert Bill Holter for 2.22.25.

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After the Interview:

 Bill Holter’s website just keeps getting more and more viewers.  It’s called BillHolter.com.  There are lots of new free articles posted.

If you need to contact Bill Holter, his email is [email protected]  .

This segment is sponsored by Discount Gold and Silver Trading. Ask for Melody Cedarstrom, the owner, at 1-800-375-4188.

 

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Comments
  1. Rodster

    Yup, what Bill just said, that has been my concern as well that it can cause things to collapse. I have been saying for years that the global financial, monetary and banking systems have been held together with superglue and duct tape. And Egon Von Greyerz had the derivatives at 2.4 quadrillion which is an insane number by itself. I have NO idea what that number looks like today. It’s got to be much higher !

    The concern is that even though this is all needed the effects can create civil unrest and the Libtards and Progressives, blaming it all on Trump and his policies.

  2. Rodster

    https://www.zerohedge.com/political/kash-patel-already-making-huge-changes-fbi

    Trump and DOGE is looking at privatizing the USPS service. Kash Patel is looking to move thousands of FBI agents to do field work in various parts of the country as some believe he plans to shutter the FBI building in Washington or perhaps NY.

    Now this has been long overdue but it is the kind of thing to implode the financial system. And the United States is not the only one doing this. Bloated governments are all in trouble around the world especially in Europe and the EU.

  3. al

    Where would gold be now if there was no Bitcoin?

  4. Expat

    Very interesting. Did not knew that they discussed the bancruptcy issue several years in advance. Great summary.

  5. Danny Myers

    I’m with Holter—Unless there are SEVERE consequences for all of the extreme theft and treason, then the Trump era will have been nothing but a part of the “Patriot Passification Project”.

  6. Poochiwoo

    yes, I believe we are transitioning into a new financial system. I believe, gold, blockchain technology, and Bitcoin will likely play the dominant role. Also, I am not sure everyone knows about the fraud. I live in an ultra blue state. It is tripling down on the anti-American policies of the past 4 years. People are in complete denial.

  7. Francine

    Hi Greg, you have the best guests. Glad to see you doing well. USA WATCH DOG makes me smarter. I agree with Bill we are not going to know the truth about the gold. They will tell us what will support their plan. They have a plan nothing will be left to Chance.

  8. tim

    bitcoin is not money

  9. SwiftJustice

    Are you unaware that the Pope dissolved the Municipal UNITED STATES in 2015? Trump is carrying out the finalization of the FORCED BANKRUPTCY right now. Ironic that you are sayiong a “Bankruptcy ” is coming, when it already is, around us right now. Better yet, maybe you are subverting the truth on purpose? I would say the latter is the most likely case. That would mean you are running cover for the real Deep State, the British territorial Deep State that started allthis crap, not the Papal Municiapl that the Pope shut down. Any “Republic” offered by another BRITISH Substitution scheme, ain’t gonna fly this time, boys.

  10. D. Woh.

    Thank you Greg for getting him on again with some excellent comments of our future. I totally agree and started buying gold and silver when gold was less than $2000. I am 90 now but I assume my children will be Blessed by this and will follow some of the things I have said to them about these times they will be going through.
    Blessings to you and your family

  11. k.lane

    Full Donald Trump speech CPAC 2025:
    President discusses Elon Musk, Maine’s governor and Ukraine war
    PalmBeachPost 2 hours ago
    https://www.youtube.com/watch?v=Gh7K39Vm5Ys

  12. Randy Hitt

    Im not sure Bill understands the relationship between crypto currencies and the unstoppable blockchain revolution. Yeah the blockchain is an upgrade of the world wide web, still in it’s infancy much like the internet in the late 90’s and there are lots of bad actors but there are lots of solid companies developing the crap out of the newest real world apps, that incidentally users need to pay their way to access the chain using the native tokens also called crypto currencies. When Trump announces the new US Bitcoin strategic reserve seemingly any day now, or possibly when financial institutions go all in as adoption accelerates, also seemingly any day now, the roof will blow off as FOMO drives the token values out of the solar system. It is definitely a very strong likelihood so I have positioned myself to ride that rocket ship.

    However ever since the gold revaluation speculation began I also believe theres a strong likelihood that gold and silver will blast off too so I have been adding a substantial position in them as well.

    Invest wisely my friends. Good luck and God bless.

  13. Joan Ark Jetson

    ‘We’re going downhill’: Nigel Farage discusses the state of Britain with Peta Credlin
    Sky News Australia 242,987 views Feb 18, 2025
    Reform UK Leader Nigel Farage sat down with Sky News host Peta Credlin to examine the state of Britain following Sir Keir Starmer’s Labour Party taking power in 2024.
    The Reform UK leader discussed how the treatment of certain groups in the UK is creating a divide in society and “We’re going downhill,” Mr Farage said.
    “This government is economically inept, culturally completely out of touch with society.
    “A massive change is coming.” https://www.youtube.com/watch?v=2GtU3jIOC-s

    WATCH: Nigel Farage’s BOLD Rallying CRY In VOW To ‘SAVE Britain’ In Unmissable CPAC Speech GBNews 248K views 1 day ago
    ‘We are going to win the next general election and save our country. We’re going to do it.’ https://www.youtube.com/watch?v=hWzGtrsiW9I

  14. Thomas Wigand

    Hi Greg:

    Stellar interview, as usual.

    a) A theory about the Fort Knox gold: Trump / Elon knows that the gold was moved elsewhere, and they’re announcing in advance, providing time for the perpetrators to put some or all of it back. (Explains the physical leaving London?)

    b) They “audit” the door seals at Fort Knox. That in no way assures that the gold inside has not been encumbered / re-hypothecated.

    c) Wondering (hoping) that exposure of fraud overall, and an audit of the Fed, will provide the public support for eliminating the Federal Reserve.

  15. Anthony Australia

    God bless Bill Holter.

  16. Ray

    Nobody does it to you like Bill Holter.

    What a tangled, putrid mess he describes.
    Thanks Greg and Bill for that excellent discussion.
    I remember when I was about 8 years old, my father caught me out on a lie.
    He sat me down and I WILL NEVER FORGET what he told me:

    “The problem with telling a lie mate, is that you are hiding the truth. To try to keep it hidden, you need to tell another lie, then tell another lie to cover that lie, and then another, and another. Eventually, and it doesn’t matter how many lies you tell, because the truth will still be standing there, and you will have dug yourself into the most terrible hole…….far, far worse than just owning up to whatever truth you chose to run away from in the first place”.

    I present therefor, Exhibit A: The truth.
    America is broke, completely insolvent and in a mathematical trap from which ANY AMOUNT OF LIES will never release it.
    The only thing that can release it, is an admission……an admission of the truth.
    I cannot see any politician choosing that course, so the lies, and the resultant sickness from those lies, will no doubt continue (until the sickness finalises in a death).

    As Bill rightly points out, it won’t matter what the audit of Fort Knox comes up with.

    Trust in government no longer exists. It was swapped out long ago for a Walter Mitty like existence that got them what……..60 years until things turned utterly septic?

    This is what lies do…….to individual, corporation, nation or planet.

    I pray for the American people, and especially the wonderful people who comment here at this site.

    As the United States staggers toward implosion……..an implosion, sadly, of its’ very own construction……I pray that people will have made the appropriate preparations to get through what will be a very testing time.

    Stay close with Jesus, as Greg has said right from the start, is the best advice of all.

    A special thank you to Susan Russo, whose inspirational comments often fill me with a sense of hope.

    Regards,
    Ray, North Haven, Australia 🇦🇺 🦘 🐊

  17. Kellogg's!

    LIVE: Trump’s Surrender Message To Zelensky With Chilling Warning
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    The choice is clear, end the wars. Make peace and security, or world war 3 will. . .
    go nuclear! Yes, it won’t go to the last Ukrainian or Russki! But every man woman and even child! That’s why Trump is president and he is the one to end the nonsense.
    Those two loser’s didn’t miss Trump, fur “nuttin honey”!

  18. MARGARET KNIGHT

    GREG-THOUGHT I JUST HEARD THAT PRES TRUMP INTRODUCED THE HEAD OF PFIZER AT THE WHITE HOUSE AS A TERRIFIC GUY AND FABULOUS BUSINESSMAN-FEB. 20TH AT THE WHITE HOUSE..SO,YES, I CAN IMAGINE OR,OH,NO,DON’T HAVE TO IMAGINE=IT HAPPENED!

  19. Farny

    Always great to hear from Bill Holter, great analysis!
    I’m glad that Bill isn’t seeing chem trails over Texas, however they are still spraying these poisons, chemicals and viruses over Utah multiple times a week, both daytime and nighttime.

  20. Enough said

    Bill Holter “silver will be gold on steroids”

  21. Vincent Johnson

    So good an interview and 100% correct

  22. Katy Bar

    Let’s Look at the Numbers!!! According to the US Mint, current gold holdings at the US Bullion Depository at Fort Knox is 147.3 million ounces. The amount of Bitcoins currently in circulation is about 19,697,650 (assuming total Bitcoin supply is kept capped at 21 million there is only 1,302,350 Bitcoins left to mine)!!. Now, with Trump saying he wants the US to be the “Bitcoin Capital of the World” the US will need to purchase “at least” 51% of all the Bitcoins in the world (or about 10,710,000 Bitcoins)!! Obviously the US “can’t do that” by just buying the Bitcoins that are left to be mined. So, Trump will have to go into the Market to purchase the Bitcoins he will need (10,710,000) where currently each Bitcoin is selling for $100,000 Dollars. The cost of buying 10,710,000 Bitcoins at $100,000 dollars each is $1,071,000,000,000 (or about One(1) Trillion Dollars)!! Currently, the “Book Value” of all our Fort Knox Gold (now set at $42.22 per ounce) is only about “Six(6) Billion Dollars”!! So, Trump will have to “re-value” all our Fort Knox Gold (currently worth $6 Billion) to be worth “at least” $1 Trillion Dollars (if he intends to buy a 51% stake in Bitcoin) but that’s assuming the Bitcoin price does not rise in price!! This means, all our Fort Knox Gold (147.3 million ounces) has to “at a minimum” be Re-valued to $6,788 Dollars per ounce!! Or about “double” what Gold is currently selling at, which means Silver should “also double” to about $65 to $70 Dollars per ounce)!! However, Blackrock believes that with all the US Buying of Bitcoin to become the Bitcoin Capital of the World its price will rise to about $700,000 dollars for one Bitcoin. This means, Trump will most likely have to Re-value the Book Value of our Fort Knox Gold “SEVEN TIMES HIGHER” then $6,788 Dollars (or $47,516 Dollars per ounce)!! However, it is “A Bit Imprudent” to put All our Fort Knox Gold into “One Bitcoin Basket”, so prudently Trump will probably just use “Half Our Fort Knox Gold to buy Bitcoins” (and “keep the other half ” as “A Tier One Physical Metal Asset at Fort Knox”) and this means Gold will need to be re-valued to about $100,000 per ounce in any Re-set of the Financial System (Just As Bill Holder Has Stated)!!! As for Silver, its price should rise (at a 100 to 1 ratio) to a “Minimum of $1,000 Dollars per Ounce” (but at a more reasonable 50 to 1 ratio we will likely see Silver selling at $2,000 Dollars per ounce). Now, the question Bitcoin Owners must ask themselves is: “Do they simply hold on to their Bitcoins to make ‘7 times’ their money (as it rises to $700,000)”?? Or, do they “put a little money” into Silver (to Possibly Make 50 Times Their Money)???

  23. Keith Perry

    Bills right on target here. SHTF our places soon enough.

  24. Patsy Danovsky

    Patrick woods has a substack and an eye opening video on technocracy

  25. Mike

    Loved the show with Bill Holter. and of course Greg…

    I get concerned with the irs investigation as we may open up a pandora’s box of future government spying. I want the fraudsters to be caught….all of them, but, I see a license to snoop on everything. We need it now for sure. Keep Trump in our prayers with his staff. Anyway, love your show.

  26. Harry Fulhead Rogain

    The Battle of Britain 10.2

    Putin Aide Lavrov Warns Britain Over Plan To Put NATO Boots On Ground In Ukraine | ‘Unacceptable’ Times Of India 108,140 views Feb 18, 2025
    Russian foreign minister Sergey Lavrov has claimed that NATO members sending troops to Ukraine was unacceptable to his nation. His remarks came as he denied a 3-point peace plan while addressing reporters after meeting with top U.S. officials in Saudi Arabia. https://www.youtube.com/watch?v=xbSUKyUXRWk

    Why Should Britain, “Carry On?” Peter Hitchens Questions UK’s Involvement In Ukraine-Russia War TalkTV 231,500 views Feb 20, 2025
    Mike Graham and columnist Peter Hitchens discuss Donald Trump disruptive actions on the Ukraine and Russia conflict.
    He argued that Volodymyr Zelensky is not a dictator, as the US President claimed, but a manipulated figure.
    Hitchens questions Britain’s involvement, suggesting it should end now that the US is pulling out.
    https://www.youtube.com/watch?v=ImBw4yFbktY

    ‘DICTATOR’ Keir Starmer SHAMED for volunteering British troops for SLAUGHTER in Ukraine GBNews Feb 22, 2025
    Lizzie Cundy says it is a ‘shame’ Keir Starmer seems unable to put the British people first. https://www.youtube.com/watch?v=CKlXVDcQ_Ow

  27. Hotrod

    I really miss Jim Sinclair!

  28. Col. Bernard Sanders

    How a shipping error more than a century ago launched the $30 billion chicken industry
    The accidental origins of the chicken on your plate, explained.
    by Kenny Torrella Updated Feb 9, 2025
    https://www.vox.com/future-perfect/2023/2/10/23589333/cecile-steele-chicken-meat-poultry-eggs-delaware As Bill points out, the chickens have come home to roost!

  29. Patricia

    I saw David Morgan being interviewed by Daniela
    Cambone and it seems like his outlook doesn’t coincide with Bill or others in the metals market. I actually found his opinion for the holders of metals quite depressing.
    Thank you for the interview, I am always happy to see you doing well, Greg.

  30. Barbara of Martinez

    We can calculate the required gold price per ounce to cover the national debt as follows:
    1. National Debt: $36 trillion = $36,000,000,000,000
    2. Gold Reserves: 8.3 tons = 8.3 × 2,000 = 16,600 pounds
    3. Ounces of Gold: 16,600 × 16 = 265,600 ounces

    Now, we divide the debt by the total ounces of gold:
    So, for gold to fully back the national debt, its price per ounce would need to be about $135.5 million.

    • Greg Hunter

      Barbara,
      I guess it will be going up in US dollar terms? Silver too?
      Greg

  31. Bob

    Greg, Bill is absolutely correct about the Great Taking. I just finished reading a book titled, wait for it ……….. “The Great Taking,” which clearly spells out exactly what Bill was saying. For 50 years or more, the PTHB have been methodically putting these new laws in place. They are now completely finished and just waiting for a collapse in order to “take possession of all encumbered assets in the world.” Stocks, bonds, and homes, land, automobiles, etc., that are not owned free and clear, are all subject to these new laws. As Bill stated in your interview, hardly no one is aware of this and will only find out when it happens. But, it’ll be a little too late then!! I loaned the book to a neighbor, so I forget the author, but I’m sure it won’t be too hard to find. Great interview Greg!

  32. J Dale Reedy

    Without divine intervention we are facing disaster. I have tried to prepare but with 95% of the population being totally unprepared, I can’t make a plan work. I won’t shoot hungry children when they pound on my door. My prayer is that the coming events will will solicit my best and not my ugliest.

    • Greg Hunter

      J,
      Good prayer! “The coming events will will solicit my best and not my ugliest.”

  33. Keirsun Urbuns

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  34. Really Awake

    The movement and price action in gold portents 1) the upcoming big war 2) sovereign countries looking for a fungible gold money to reduce exposure to the world reserve dollar.

    Most Americans have no clue regarding why gold (and silver) is the safest material asset. Moreover, it like Bill said, Americans are hurting now. They need paper and digital dollars to pay their bills in this declining economy. And the economy shall continue to decline. So most Americans can’t afford to stock up on gold.

    Silver is still available, and it hasn’t surpassed it’s all-time high. But I’m personally not buying and more silver. I have enough for now. And I’m going to wait for the stock market to pullback 30- 50% and perhaps drag the price of gold and silver down.

    I’m waiting for the economy to officially enter into a recession. Until then I’m simply raising cash. U.S. cash can be used as a temporary safe investment.

    Bitcoin (and all blockchain coin) is Satan’s preferred Money. Satan has approved the blockchain coins, and thr blockchain will be used to further his purpose. Bitcoin is here because Satan wants it that way.

    The velocity of money will decline, unemployment will rise and the recession will be officially announced probably by the end of this year. That’s when things get real. Hope you got your canned food stockpiled.

  35. Slobodon Slobstich

    5 Generals Fired! Don’t Stop There / Lt Col Daniel Davis
    Daniel Davis / Deep Dive 31,564 views Feb 22, 2025
    https://www.youtube.com/watch?v=9C2Rc_vlW1U
    Danny’s article from August 1, 2013
    ___________What it will take to fix the US. Armed Forces!
    http://armedforcesjournal.com/purge-t

  36. Vince

    Forget about whether there are 8,000 tons of bricks in place. Drill them and test to make sure they’re not fake.

  37. Gorge Stufacropolis

    Trump, Europe’s Collapse & Why Liberals Keep Losing, w/ Yanis Varoufakis
    Fundraiser BreakThrough News Feb 22, 2025 Rania Khalek Dispatches
    Trump’s return isn’t just chaos, it’s a calculated strategy. While liberals dismiss him, Trump understands raw economic power in a way centrists fail to grasp. What is his master plan, and how could it backfire?
    Meanwhile, Musk & other billionaires are the new ruling class. As capitalism dies, we enter technofeudalism, where corporate overlords control entire infrastructures of power. And in Europe, elites literally cried over the U.S. pivoting away. Does Europe have any real sovereignty left?
    https://www.youtube.com/watch?v=Ms5-Z7sqiww
    Yanis Varoufakis joins Rania Khalek to break it all down.
    🔥 Full episode on Patreon: Patreon.com/BreakthroughNews

  38. helot

    “Being ‘early’, is the same as being wrong” – so many entry’s on the Internet for that since the film, ‘The Big Short’.

    …Is it?

    • Greg Hunter

      Helot,
      Being early is just that–early.
      Greg

  39. Sally Rand

    Ark Midnight LIVE SATURDAY NIGHT ONLY
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