Federal Reserve’s Desperate Act – Bill Holter

By Greg Hunter’s USAWatchdog.com (Early Sunday Release)

Financial writer Bill Holter says the Fed cutting bank reserves to 0% for the first time in history is a “huge deal” and a red flag for what is coming.  Holter explains, “The idea behind lowering the reserve requirement is basically making it easier for banks to lend.  In the later part of March, they went to 0% to make it easier for banks to lend. . . . With zero reserve requirement, it could create unlimited lending. . . . The Fed will raise the reserve requirement when it wants to tighten credit, and they will lower it when they try to loosen credit.  Getting rid of it all together means the reverse of zero is infinity.  So, they are trying to reflate again.”

What could go wrong?  Holter contends, “All sorts of things could go wrong.  You could have banks lending to any type of project.  What it does is it opens the door to more fraud.  It opens the door to fraudulent lending and fraudulent borrowing.  The bank could be basically busted, and it still won’t matter because they could still lend.  If a bank has zero reserve requirement, that does not preclude them to lend.”

So, the bank can never go out of business?  Holter says, “Yes, in essence, that’s what the reserve requirement says.  They are not required to have any reserves backing your account and your deposits.  They can lend as much as they want to with no reserve requirement backing it.  I’ll go one step further and say look at what the Fed is doing buying junk bonds.  It is putting junk bonds on their balance sheet, and the next thing is they will be buying stocks. . . . So, what’s backing the money itself?  It is no longer pristine credit.  It is anything and everything in the credit market.  The next step is the Fed is probably going to be buying stock.”

Is zero reserve requirement at the banks a sign we are getting close to the end of the Ponzi scheme we have been living through?  Holter says, “I’ll answer this with a familiar saying, and that is ‘desperate people do desperate things,’ and that’s pretty desperate.  How safe is a banking system that has no requirement for reserves?”

This all circles around to gold and the increasing demand for physical ownership.  Holter says, “There is huge demand for physical gold.  The amount of gold standing for delivery has increased almost every single day since first notice day. . . . If you go back two years ago, that never ever happened. . . . It looks like the Bank of International Settlements (BIS) is supplying the market to tamp down the price.  We don’t know when an actual failure to deliver event is going to happen, but the system has gotten so large that once you get a crack in the credit markets or a question of the credit worthiness of the U.S., you will see capital flow to gold and clean that market right up.  Once that does happen, gold and silver will go into hiding. . . . People will not sell their gold or silver for fiat currency. . . . People are waking up to the fact that there is a massive problem in the credit markets.  In the past, the safe haven has been the dollar and Treasuries, but if the problem is the dollar and the credit worthiness of Treasuries, what’s the next step of protection?   All capital roads lead to gold.  That is your safe haven.  Gold is the ultimate safe haven.  It’s God’s money.”

Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Bill Holter of JSMineset.com.

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  1. oneno

    Read about the ESF Fund – Slush money or war chest?

    The individual chapters in that link are pdf files.

    That slush fund, financed from dollar devaluation against gold back in 1933, has been used repeatedly to rescue central banks, systematically important institutions, to defend the USD against other currencies, and other security operations…

    • paul ...

      Yes oneno … The Exchange Stabilization Fund (ESF) and the Fed “need to be abolished” as they are manipulating the American peoples currency (in violation of the US Constitution “which only gives the power of the purse to Congress”) in order to keep their failed fiat monetary dollar reserve system operating … these banksters had to steal $21 Trillion dollars from us recently just to keep their racket going … these banksters know the jig is up … and so they are now moving their criminal operations offshore to the IMF to continue their monetary fiat racket under a global SDR “likely crypto” label (rather then use the fiat US Dollar which is now being forcibly rejected by many Nations of the world)!!

  2. red

    Love Bill Holter one of the good guys. Dont like to critique the Ecumenical because we have all been decieved by a great evil.BUT the church of the west has taken a liturgy of debt against the ordinary mans’ taxes now for over 100 years, including the evangelicals. Are we really that shocked the flock has been poisoned? “HONEST WEIGHT AND MEASURE, NO OTHER SHALL BE MONEY” Really the Established Churches’ alone could end the fraud tomorrow. If you dont know what honest contract is , that is not the Lords fault. I have been fooled and contrition must follow. God bless all Watchdoggers.

    • Beverly

      The established churches can only help end the fraud IF they get out of the 501c3 tax exempt status that most of them have. By having that status, they are controlled by the State and the organized religions are doing as they are told. They are cooperating with the devil, basically. The Church leaders are not standing up boldly and declaring and warning the people about what is really going on. The Churches are more interested in keeping their wealth, and in order to do this, those leaders just keep their mouths shut. It’s despicable, really and the people have to realize the truth and start demanding that their religious leaders stop with the Babylonian games and get on with God’s true work.

      • eddiemd

        I agree.

        Interesting that the Holy Spirit spoke the same thing to both of us at the same timing.

      • red

        Beverly , I loved your well worded reply and Eddie had some well meaning points too. I didn’t want to seem too critical of the Church here because I think when trouble really starts in the financial system the Church as always will be there to help those at the the bottom who need help the most. I do think whilst I am sure there has been dispicable behavior by a lot of the ministry of the Catholic faith in relation to children ,I personally find it interesting that the “Catholic Faith” seems to be singularly assaulted in relation to these issues’ even compared to say Evangelical and Protestant sects and other Abrahamic religions., at a point in history when I believe the church will need to be at its strongest. I suppose what I was really meaning is that the Church could really use this situation to challenge those that have attacked the Christian faith and to start the long road back to its rightful place in all our communities. I know for one I am definitly in need of salvation.

    • eddiemd

      The churches are all state sanctioned. They don’t pay taxes.

      They cannot speak the truth because of their tax status.

      Same way it was in the Soviet Union and Warsaw Pact. All members of churches were registered. They could not tell the truth. Same now in the USA. All church who take tax deductions for charity are registered in a .GOV databank somewhere.

      The IRS is the collection agency for the federal reserve. Both established at the same time. The IRS has the info. When the antichrist comes to power, it will know all the members in the churches here in the USA. One world banking.

      It all works together. Soon it will be a reality. Most people will bow to the one world religion. True believers will have discernment to recognize the deception.

  3. mal

    Hi Greg,
    When I heard about the Fed lowering the reserve requirement to zero I cringed. We all know the FDIC is a paper tiger. We are on the threshold of capital controls. As for inflating away the debt can you imagine 5 or 6 years of double digit social security cost of living increases? How can we inflate away the debt without massively increasing the unfunded liabilities? I suspect that any reset will necessarily devalue the dollar with respect to gold like what happened in 1933.

    • K. Wayne

      “How can we inflate away the debt without massively increasing the unfunded liabilities?”…you ask.
      Two options (perhaps there are others):
      1) Keep adjusting the metric to determine how Inflation is measured….a tactic they have already employed. Look at the current rate of Official Inflation (Shadow Stats Inflation rate vs the Treasury’s & BLS version). No double digit social security adjustment seen for…… EVER. Our standard of living is not improving and I would argue that in fact it has been in reverse for many decades.
      2) Declare the Unfunded Liabilities as non repayable debt – write it off. After all it is merely a promise to pay/book entry (like fiat they create out of thin air)…which can be broken/deleted at any future time….perhaps when the US Government declares Bankruptcy…by virtue of the Global rejection of the USD.
      A system if UBI using the MMT …could replace that in an instant. But of course it will come with conditions….compliance, mark of the Beast, food rationing, inoculation for SARS-COV2 & total obedience. Hmmmmmm…fair deal !!!

      Yes …you guessed it right….but did you expect anything less from the system designed by them, for use by them… to acquire the world’s wealth and have total control?
      There will be no middle class …just slaves and the 1%.

      • paul ...

        Earth is where banksters think Heaven is … for the rest of us … it is a living Hell!!!

  4. David

    “D” is fast approaching in my humble opinion. We are now in the opening innings and
    because I expect all hell to break loose prior to the election I think there can only be two
    or three months or less before blast off. It’s sad most people haven’t a clue what is coming
    at us like an uncontrollable locomotive. Wise people already have as much AU &AG as
    they can afford.

    • JC

      David, you say, “all hell to break loose prior to the election.”

      I agree. No doubt about it!

  5. Mike R

    Trillions are now whooshing by at a breath-taking pace. The US gross national debt – the total of all Treasury securities outstanding – jumped by $1 trillion over the past five weeks, from May 4 through June 8, and by $2.5 trillion for the 11 weeks since March 23.

    The total US national debt outstanding has reached $26 trillion, according to the Treasury Department.

    Folks, the above is Zimbabwe like hyperinflation. PERIOD. You just have no idea how fast you are losing your wealth by holding dollars, and most will not realize it UNTIL, they see things like whats at their grocery, increase by 10%, 20%, 50% per week.

    The corona virus is NOT coincidental. Its a planned and pre-meditated launch, to provide ‘cover’ (an excuse) for the Fed to pump money into our insolvent country.

    What people believe to be ‘wealth’, as in stocks, is zero wealth, and nothing more than digital I’s and O’s, and more like IOU’s, that if you don’t cash out to dollars, and then immediately into gold and silver, you will be penniless within a few years, while holding ‘stocks’ that are all worthless. Look at Hertz. They are the poster child for every US company going belly up, and then issuing STOCK. Stock for a worthless company ??? !!! A totally INSOLVENT company. Thats how much of a joke the US dollar is.

    We are witnessing a total ponzi scheme of IOU’s, otherwise known as US Dollars, being used by the elite to take every cent of your wealth, and leave you with nothing but worthless paper bills. The more cash you hold, the poorer you will become. Thats why government is willing to GIVE IT AWAY, for free to both banks (to lend to suckers), and to the unemployed and employed, with $600 UI Bonuses, and soon to come $3000 checks mailed out to every US citizen. If you arent plowing that cash straight into precious metals, then you are plain ignorant as to what is happening right in front of your eyes.

  6. JC

    There are too many insane evil things happening… it makes me think of a Black Sabbath song in which Ozzy Osborne chants “Satan’s sitting there, he’s smiling…”

  7. Rachel

    Hi Greg, Great questions from you again bringing us solid info from one of the greats… Bill Holter . The banks with zero reserve are now a payment processor only. Banks are gone and the public won’t realize this because they still have the same name that uses the term ‘ Bank’ . Would your deposit spare money into Paypal? No, you just use it to make a purchase. Now banks are no different. This is a massive change so they cannot go broke and unsuspecting people all over the world have bank shares in their superannuation funds that were purchased for them on the basis that they were a solid investment. This is a dirty trick and it is fraud. Banking shares will go to zero. I shudder at the thought that the drop in banking share prices could happen suddenly over this.

    At the end of June a large chunk of gold contracts end and the amount of physical gold delivery claims could shoot up adding momentum to physical gold shortages putting upwards pressure on the price. Gold bugs need to keep theirs eyes open.

    • Greg Hunter

      Thank you Rachel for your analysis and very kind words too!!

  8. john duffy

    School’s. Out. For. Ever.
    “A few years ago, many of us were surprised to learn that among the leaders of Antifa, the Left’s favorite organization for killing innocent people apart from Planned Parenthood, are a number of public school teachers. That fact is not so surprising today. The truth is that Antifa and our education system are the same thing. This is more than apparent this week. The country is coming apart, and the “teachers” are not only egging the street punks on, the teachers are the street punks. With a few exceptions—nearly everyone who disagrees with the Left was ousted from the schools and the academy years ago—classrooms in America are simply where the revolutionaries have been drawing the X’s and O’s of the battle plans being put into action today. New York City is burning, but that’s only proximately the work of roid-raging snowflakes on loan from Columbia. The real brains behind all this is the legion of Antifa coordinators who throng the faculty lounges at just about every place—K-12, college, and especially graduate school—where “social justice” long ago became the only item on the curriculum. Social justice is just Leninism biding its time, the comic book version of Rules for Radicals wedged into a math or science textbook. You thought you were putting your kid on the school bus to go study calculus. They were probably learning how to throw Molotov cocktails instead.”

  9. Maria das Santos

    Thanks Mr Hunter and Mr Holter,the lack of hyperbole is what is most disconcerting in this interview.Mr Holter,whilst wanting to warn people of the commie takeover,he has realised that the people are somewhat in general imbued with a resignation and lethargy that anything he says will be ignored.Many f us have felt similarly.
    Here in the UK,the commies have taken over whilst we have had a conservative government and the useful idiots who have aided this will be the first against the wall,
    Meanwhile the death of the MSM marches on,
    Mr Hunter has been warning of this for some time.
    It is astounding for me here living in the UK the quiet march to our demise being enjoyed by so many,but of course the Mr Nasty whether in uniform or not is endemic aided by the screaming “Karens”I just wonder what happens when power and water fails and the MSM transmitters are destroyed.Of course our money has already failed and the looting has gone into hyper-drive aided by the Chancellor of the Exchequer and the Bank of England,fiddling with the Repo-market as we burn.
    We are truly a nation of Donkeys!

  10. William Stanley

    Mr. Hunter:
    Great guest and choice of topics!

  11. Anthony Australia

    Bill is the best!
    The Australian ASX200 is another entire scam, fluctuating like an index in denial. Stimulus runs out here end of next quarter and the banks grace period on loan repayments also ends. The reset will be finalised by then hopefully, because as our illustrious Government kept saying; “we are building a bridge to get over the next 6 months.” 6 Months to what?

    • Ray

      It’s a circular bridge old mate 😉
      Ray, Canberra, Lap Dog Nation.

  12. Marius

    Hi Greg, thank you for another great interview.

    On the point of debt obligations, form a South African perspective, the obligation may also become unenforceable by operation of law. In South Africa there is the Prescription Act, 68 of 1969, which regulates time periods within which a creditor must institute legal action to enforce it’s claims / obligations.

    The Covid-19 pandemic caused the South African Government to pass regulations that put the enforceability of obligations on hold. This means that the Courts were closed and did not process Court Processes and the Sheriffs could not enforce court orders for Execution or Evictions of people from residences: Lock down regulations (at the current level 3): https://www.gov.za/sites/default/files/gcis_document/202005/43364gon608s.pdf

    Please note for the importance of cash on hand.
    This regulation: “Tobacco products, e- cigarettes and related products
    45. The sale of tobacco, tobacco products, e- cigarettes and related
    products is prohibited, except for export .” This article covers this story : https://www.dailymaverick.co.za/article/2020-06-12-dlamini-zuma-turns-cigarettes-into-illicit-drugs-as-the-underground-economy-takes-over/?utm_source=homepagify#gsc.tab=0 – If smokers want to obtain tobacco products, it must be bought illicitly and cash is the primary way to transact on the newly created black market. This shows how fast law abiding citizens can be made criminals if government changes the laws.

    Please note that these Regulations were challenged and were declared unconstitutional in terms of the South African Constitution, http://www.saflii.org/cgi-bin/disp.pl?file=za/cases/ZAGPPHC/2020/184.html&query=COVID-19%20or%20coronavirus, https://www.news24.com/news24/analysis/lockdown-regulations-verdict-man-who-took-on-govt-and-won-says-it-was-like-david-taking-on-goliath-20200603 https://www.dailymaverick.co.za/opinionista/2020-06-08-high-court-ruling-on-lockdown-throws-up-intriguing-questions-on-the-limits-of-state-paternalism/#gsc.tab=0 but the Government has taken this decision on appeal.

    The South African Reserve Bank also published this notice during the pandemic : https://www.resbank.co.za/Lists/News%20and%20Publications/Attachments/9842/Prudential%20Authority%20Media%20Release%20-%20Regulatory%20relief%20and%20guidance%20to%20the%20banking%20sector.pdf lowering reserve requirements to 0% – this was reported in the South African Media, https://www.businesslive.co.za/bd/economy/2020-03-28-reserve-bank-weighs-up-dropping-liquidity-coverage-ratio-to-help-banks/

    However, In South Africa the ban on Alcohol and Tobacco products grabbed more public attention than this critically important issue.

    I end with a quote from President Eisenhower:
    “The clearest way to show what the rule of law means to us in everyday life is to recall what has happened when there is no rule of law.”

    Greg, do keep up the good work.

  13. H. Craig Bradley

    Some financial experts are suggesting that some European Banks (ALL) are in such terrible shape (too many bad loans) that their solvency is becoming an issue. If so, it has been suggested that large banks like Spain’s Santanlier may eventually have to be nationalized. As in 2008 with Washington Mutual and Citibank, investors get hosed. Employees lose jobs as branches are closed-down. ( As we adopt more fintech, bank branch closings may accelerate in the U.S., as fewer people even go to the bank anymore)

    This may, in-fact, be the end game following a period of negative interest rates. More bad loans, bank insolvency and finally, full nationalization by the government. Its a definite possibility in the U.S. later in this decade if things don’t work out financially for the TBTF Financial institutions. Bank stocks in Europe and the U.S. cratered during the global stock market crash in March. A growing suspicion that something rotten is being hidden in U.S. Bank balance sheets.

  14. Rev Andrew de Berry

    Happy Birthday Donald Trump! 888!

  15. AndrewB

    Hi Greg,
    I am not a financial analyst – just an ordinary citizen trying to navigate a safe path through shark infested waters. However, like many of your audience, I try to educate myself through access to many sources – Bill Holter being one such source. A major ‘red pill’ for me was reading, ‘The Creature From Jekyll Island’ by G Edward Griffin. According to the author, the Federal Reserve is a private institution owned by a cartel of banking families. Principal umong these is the Rothschilds family. The same banking cartel set up the BIS (Bank of International Settlements) colloquially the central bank of the bankers. IMHO (bold / underscore) the Rothschild family is, based on their generational banking history, the largest holder of gold. Larger than the Vatican, the US, China, Russia, et al. It is this Rothschilds gold which is now being leaked out through the BIS. This may seem counterintuitive, however the gains to be made by maintaining the perceived value of the dollar (Federal Reserve Note – which the Rothschilds owned Federal Reserve have the right to ‘print’ ) far outweigh the temporary price suppression of their gold hoard. Right now, the Fed and cartel member banks are feasting on newly minted fiat and using it to buy real assets. It does not concern them that they are also acquiring junk ‘assets’. This is a small price to pay to maintain public faith in their fake money system and the junk ‘assets’ will eventually be ‘retired’. At some point there will be an inflection point, when ‘they’ have acquired all the real world assets they crave, then fiat will have served its purpose and gold will be allowed to realise its real value. The banking families will own the majority of real world assets – purchased with ‘Monopoly’ money – AND their gold holdings will be restored to full value. I’d love to be wrong, but if correct, the gold suppression has some way to go and, coincidentally perhaps, I note that Bill Holter appears less intense than of late, now that the BIS is supplying the physical market. Only huge sustained demand for physical can loosen ‘their’ control of the price.

    Trump may do an Andrew Jackson and get rid of the parasitic central banking system but he will need a second term in order to succeed – and overwhelming public support in November. IMHO, this is the KEY FACTOR motivating all the attempts to remove Trump from power (Frame up of General Flynn, false FISA applications, Russiagate, demand for Tax Returns, Ukraine Presidential telephone scam, ‘Star Chamber’ style Congressional impeachment, illegal alien voters, corrupted voting software, deceased voters, Covid-19 lockdown and decimation of small businesses, BLM looting, a well funded (???) Antifa, local government supported anarchy, and on and on ad nauseum. The stakes are huge (world domination) and ‘they’ will never give up. Neither should we . . .

    • Jane Brain

      AndrewB06/14/2020 •Reply
      [The stakes are huge (world domination) and ‘they’ will never give up. Neither should we . . .]
      Andrew, it doesn’t seem like Russia want’s to budge either…
      Russia sentences ex-U.S. marine Paul Whelan to 16 years in jail for espionage 1 hr ago
      MOSCOW, June 15 (Reuters) – A Russian court found ex-U.S. marine Paul Whelan guilty of spying for the United States on Monday and sentenced him to 16 years in jail after a closed trial which U.S. diplomats said was unfair and opaque.
      Whelan, who holds U.S., British, Canadian and Irish passports, has been in custody since he was detained by agents from Russia’s Federal Security Service in a Moscow hotel room on Dec. 28 2018.
      Can anybody explain how this guy from Michigan can have 4 passports from 4 different countries? Somethings rotten in Denmark and I hope he doesn’t have a passport from there too? I know he’s from Michigan, big news here! Surprised he doesn’t have a Michigan passport as well! Or maybe New South Wales, LOL!

      • JC

        Four passports? A CIA operative?

  16. paul ...

    It’s God’s money … and banksters are “beginning” to get religion … saying Gold is going to $3000 dollars per ounce … Bank of America reports the Federal Reserve’s balance sheet hit a record high of $6.42 trillion … up more than 50% from levels reported during the first week of March … and are warning that the Fed’s balance sheet as a percentage of GDP could rise 20% to 40% this year … these banksters are now admitting “The Federal Reserve Can’t Print Gold” … these banksters are going crazy seeing ordinary people beat their top paid experts (by simply buying stocks using a strategy of going long the most shorted stocks) … once ordinary people start to buy the most shorted precious metal (Silver) watch how the bankster get religion on Silver being God’s money also … looking at the “True Price of Silver” in terms of the Fed’s fiat paper IOU’s on the US Debt Clock … Silver is currently $3,270 dollars per ounce and rising!!

    • paul ...

      As Bill says … put your free cash into “physical” silver … as it is selling for about $17 dollars but is currently worth (by Debt Clock calculation) $3270 dollars per ounce … for those people who have this bird in hand … and want to go after a second in the bush … you can put “some gambling money” into Jim Sinclair’s gold company (TRX) the way I just did … he has a 2.3 million ounce gold mine … that is currently going into production and can probably by my estimate produce about 100,000 ounces of gold per year for 23 years … and at just $3000 dollar gold (as B of A is predicting) … TRX can probably easily net $1.00 dollar per share in earnings … meaning it’s a $10 dollar stock (at 10 tines earnings) and could be a $30 dollar stock (at 30 times earnings) … selling for only $0.78 cents right now … not a bad speculation in my book … however … what if gold goes to $10,000 dollars per ounce as Jim Richards predicts? … or $80,000 dollars per ounce as Holter has stated??? … it’s just too mind boggling to even contemplate!!! …
      **Disclaimer Note: I personally bought back into some TRX shares (but only with gambling money) because mines just starting up usually run into a few initial problems that must be worked out) … a core holding “of physical metal” is always the safer bet!!

      • JC

        Paul, now that you are part “owner” of a gold mine, perhaps you should pay a visit to the mine and check out the operation. Who knows, maybe you’ll find Stan there… 😊

        • paul ...

          Stan rather be gambling under the more subdued blinking lights at Atlantic City … the glitter of gold would be too much for his eyes!!

  17. Self Exiled

    ”Well, I’m Nuts” You moved me Greg, I laughed, I cried, you warmed my heart. I don’t know why. Like many say ”Welcome to my world”. Remember, there was only one perfectly well adjusted human being and the church of the day crucified Him. Many; including members of his own family considered him nuts. God Bless.

  18. John

    Holter said he’s been saying the same thing for years. Yes, he has. Probably 10 years. My conclusion is that no one knows what or when the debt blow up will happen. There are so many variables and recovery strategies. It depends which political party is in control. Common sense says to stay diversified and have precious metals on hand.

    • Beverly

      Nobody knows the exact time, but there have been prophecies given that a few people in this country know about. And, as I look at those prophecies being fulfilled, I know that when the U.S. economy totally crashes, it will be on a weekend where there is a holiday on a Monday. It will happen very quickly, overnight, basically. The economy will be up on high stilts, and then it will be like somebody just knocked those stilts out. When we have the collapse, we will wake up with NO electricity. I don’t know if the no electricity thing is nationwide, but I’m assuming that was what was seen. Gold and silver will be valuable, but food will be even more valuable. And, if we don’t have a way to get it or produce it, then we are in big trouble. The scriptures advise the righteous to basically withdraw from the wicked part of the society and let that part of society destroy themselves. People need to figure out how they are going to gather and survive with the help of their neighbor. They better have something to give(talents and skills) and trade with.

  19. Jerry

    I’m speechless. This pretty much says it all.

    Will having gold really matter, when the people who control the price of it, control you? We’re now moving towards the second wave of the coronavirus, with Seattle being used as a beta test for martial and Atlanta gone with the wind. Can it get any stranger? Ah…yes.

    • Jerry

      Do you want to know what’s different between the 1929 Great Depression, Spanish flu, and now? The central planners didn’t have this technology.

    • Jerry

      Would anyone on your site like to pull down a statue?
      How about this one?

      If you even tried, they’d drone you in a New York minute. In a few months they won’t even need to do that. They’ll just shut down your bio system. Folks get your spiritual house in order. The master of the house is coming soon.

    • JC


      G.A. STEWART:
      There is no doubt in my mind that when The Lockdown and restrictions end, COVID-19 cases are going to spike. In fact, I think the pressure put on Trump is a setup to get those mortality numbers as high as possible.

      When The Lockdown and restrictions end, John and Jane Doe will be paying hell to keep their kids following recommended guidelines; so, the numbers are guaranteed to dramatically increase. Consider what happened during Spring Break in Florida.

      In fact, Nostradamus mentions that the second year of The Great Plague will be much worse. Throw in a couple of wars, and it will be getting downright Biblical.


    • paul jr.

      Ah, that faked video by conspiracy theorists makes another appearance.

    • Stan

      Hey Jerry: I’m still waiting for Trump to have thousands of pedophiles and deep state people arrested. Didn’t one of your reliable sources tell you that?

      • Jerry

        There were arrest being made up until until Jeffrey Epstein was arrested and then they stopped. Unlike you, I posted links to support those claims. I’ve yet to see any of your predictions come true pal.

      • Jerry

        I have posted many links to support my claims.
        Name one link you have posted to support yours? You can’t because you’re a fraud. You get on Greg’s site and boast about your supposed wealth. Guess what? That’s a fraud to. Me? I’m the real deal. My father-in-law was partners with Sam Walton before Walmart was a household name. Do you ever hear me get on Greg’s site and boast about money? It’s not important to me. What is important to me is warning people about what is coming. Get your spiritual house in order, and stop the fake B.S.

  20. David

    Bill was spot on regarding Seattle. It can all happen in a flash. You can only assess the direction and severity as it plays out in real-time.

    Same with COVID-19. Except it was a slower burn. We saw it coming over weeks. Then we saw it play out locally. The run on grocery stores is a precursor of human behavior in very uncertain times.

    I do believe that the American spirit will eventually shine through once we collectively get tired of the fringe minority riding roughshod over the majority. Yes, we’re too tolerant! Eventually, though, we’ll grow tired of the self-righteous, immature, and selfish behavior of punks.

    Great discussion! Thank you.

    • Beverly

      Many are already tired of it and just aren’t going to let it grow into something worse. But, we will see how long it takes for the people to react like they did in Idaho—ZERO tolerance there.

  21. Steve Nussdorf

    a lot of us have been invested in gold for years and it would be nice for a return that puts us ahead at this point. some have died waiting. to wait to the bitter end might be too long for some of us. it would be nice in the here and now to see it rise and get a jump on all else.

    iI don’t get that much from Bill Holter…..to wait if the market goes up to one hundred k and price inflation…….before gold really shoots up…..that could be time out for many of us. In his position he might have to say things in the way he does, but maybe i’m , along with others, am looking for news of when it will spike and hopefully when i’m alive.

    • Hazardous Duke

      My folks were two of these people that bought PMs and now they’ve passed them on to their heirs. This is the point of “investing” in such. Just hope your heirs know the value of these metals so they can use them as intended – not to profit in US$ (I was in this camp when I first started my “collection”) but to use them to RE-start life again when they’ve taken all we’ve worked for away by devaluing the dollar to nothingness.

    • paul ...

      Steve … now that the banks don’t need public confidence in their banking system to survive (they don’t need reserves and can print up whatever they need) gold and silver don’t need to be restrained any longer … your long wait is finally over!!!

  22. Randy

    Good Morning Greg,
    If you recall I was the long time listener that alerted you to the Federal Reserve’s ZERO reserve requirement on 05/27/2020. I believe another possibility that’s not being discussed exists to prevent “run on” banks. The public tends to view a bank or their bank as a single entity. “A bank” is only a small part of the “banking system”. I think another scenario exists will happen before the public loses complete confidence and resorts to cash withdrawals. It’s not just the reserve requirements, there is also not enough physical currency in circulation to cover every depositor’s account. Only 5% of physical dollars comprise the entire dollar system, the rest are just electronic digits. Consider if a person makes a purchase using a debit card that is “drawn on” say Bank of America. The seller’s bank is Chase. It takes a while, but eventually the buyer’s account is debited, and the seller’s account is credited. Both Bank of America and Chase are individual banking companies; however, they are both part of a larger banking system which is part of the Federal Reserve Banking System. The major point that all of us seem to forget is, almost the banks are a member of the system. For the most part, our electronic currency never leaves the system. I firmly believe if many people started to withdrawal cash from banks, the government will come out and say, the banks are well funded; however, our system has been electronic now for almost a generation, and banks seldom keep much cash on hand. You are free to use your debit card or checks for all purchases, and if you want to close an account at your bank, you are free to transfer your account to another institution. It doesn’t matter that a bank doesn’t have enough “electronic digits” available, the Federal Reserve will just “create more”. To create a trillion dollars electronically it only requires 13 numerical keystrokes. As the Federal Reserve creates more currency and the “velocity” of transfers increase, Bill Holter and all your guests are correct, there will be inflation; how much depends on how many digits are infused into the system and how fast (the velocity) the digits change hands (accounts). When there is complete loss of confidence in the system, there will be hyperinflation. A more accurate term to describe this occurrence is a “Crack-up Boom” that was first described by the Austrian economist Ludwig von Mises. Mises description is much more accurate: “A Crack-up Boom is the crash of the credit and monetary system due to continual credit expansion and price increases that cannot be sustained long-term. In the face of excessive credit expansion, consumers’ inflation expectations accelerate to the point that money becomes worthless and the economic system crashes.” You might consider interviewing someone from the Mises Institute. They are extremely public education oriented.

    • Randy

      The Federal Reserve in now making DIRECT loans to corporations and businesses.
      What are they using to BACK these loans?
      “Establishment of a third facility, the Term Asset-Backed Securities Loan Facility (TALF), to support the flow of credit to consumers and businesses. The TALF will enable the issuance of asset-backed securities (ABS) backed by student loans, auto loans, credit card loans, loans guaranteed by the Small Business Administration (SBA), and certain other assets.”

  23. Forearmed

    Reserve requirement to zero? What? They can’t GD well loan money they don’t have. If they do it is called fraud or worse. They are making billions off loans that are no more than pixels on a screen in an accounting program. In other words if they loan us money they don’t have then ostensibly we won’t have to pay it back because real money did not change hands. Those thousands of dollars you pay in interest each month goes to the bank as a freebee because they had no skin in the game and had not truly loaned you anything but a few key strokes on the keyboard, which become as shackles upon the ankles of the slave.

  24. stan

    The US Dollar has been rock solid this year and inflation extremely low. This is a miracle economy. Love it or leave it!

    • donna s.

      It was always this way more or less. We have a fractional reserve banking system which i understand to mean, that if I deposit 1000 dollars they can loan it out 10 times even though there is only 1000 dollars to begin with and this has always blown my mind. now seems they don’t need anything to loan whatever they want. Whenever I ask anyone if they know what kind of banking system we have they literally look at me like I am stupid and come back with What do you mean what kind of banking system do we have? and then to say fractional reserve they look at you like your from mars .

    • Mike R

      And yet gold keeps rising anyway, crushing your gold shorts. Lol. Nice try though stan. Your humor is an attempt to relieve your own financial pain.

      • Stan

        Mike R: It ain’t over till the fat lady sings. Gold can go the way of crude oil easily.

        • paul ...

          Stan … When the fat lady sings it will be over for the dollar … but she will be fine … as she will be covered with Gold!! … http://2.bp.blogspot.com/-JBLBQwNLBrw/TwcKlYfKfQI/AAAAAAAAAso/bItmayAnybU/s1600/viking+opera-singer.jpg

          • paul ...

            In fact Stan … Gold has fully recovered all of the recent Corona Virus take down … and has been building a base (going sideways) for the last two months … “it is due” … to begin its next move UPWARD!! … your a gambler Stan (who likes to throw dice with your bankster buddies) … why not hop aboard TVX with us gold-bug gamblers (it may help cut some of those monstrous losses you have in your gold short positions)!! … https://gracelandupdates.com/wordpress/wp-content/uploads/2020/06/2020jun16gold1.jpg

            • paul ...

              err … TVIX

        • Charles H

          Bad analogy. Gold is not consumable.

        • Occasnltrvlr

          If I had one, I would bet my Bentley against yours that there will NEVER come a day when someone would pay me to take possession of their gold bullion.

    • Ray

      Ahhhhh Stanley……you really are THE best!!!
      Anyway, can you do me a favour old mate and send me over one of your famous Davidoff Double R cigars?
      I need to light my BBQ.
      Ray, Canberra, Lap Dog Nation.

    • K. Wayne

      Thanks for the Heads up Stan.
      You have proven to be THE greatest FADE trade …….on Earth!!
      You’re a real philanthropist.
      Post as often as time permits.
      I know you are extremely busy these days and have a social calendar to match that of POTUS….or even the wannabe Gods of Hollywood. But do spare some time for your fellow Watchdoggers. 🤔😉✌

    • Self Exiled

      Yup; I left it.

  25. jim

    I am a good example of MONEY IS FREE . The last two trucks I just least , I lied about have a job , they never asked for proof , and they gave me the truck lease only because of my credit score. The new way of determining if you qualify for a loan is a mirror, they stick it under your nose and say yep he is still breathing give him some money.

  26. Country Codger

    Greg, Bill, very good interview but there is one thing that struck me as very odd: Bill this is the most reserved that I have seen you in an interview. You and I are both Texans and I know you know the old saying, “I ain’t afraid of anything, but that scares the hell out of me.” What is you biggest fear right now? What keeps you up at night?
    I apologize if I am barking up the wrong tree.
    Lo Iyrah!!!

    • paul ...

      CC … Likely Bill Holter’s reserved manner is due to the subtle realization that we Good Christians are now being thrown into a position of “having to fight” Evil … and it may mean “giving up our moral belief that Black Lives Matter” (as we see Blacks burn down our cities, throwing bricks and planning to break noses and gouge out our eyes) and may have to take action against it … this was all foretold to us in an April 2015 speech by Hillary Clinton at a Women’s World Conference where she said: “Deep-seated cultural codes, religious beliefs and structural biases have to be changed” (so as to “force all taxpayers” to fund abortions … even partial birth or “day of birth abortions” … regardless of peoples religious convictions” (in order to stamp out every vestige of dissent to the Demon-rat far-left agenda) … this deliberate and comprehensive “anti-Christian plan” was promoted by Hillary Clinton (and funded by George Soros) because they believe Christian principles are a strong impediment to the implementation of their “commie Satanist policies”) … and Hillary’s now infamous “basket of deplorables” speech (at a New York City Gay, Lesbian, Bisexual, and Transgender fundraiser) … Hillary said (to this group of deplorables) “I can put the other half (Trump’s supporters) into what I call a basket of deplorables for being racist, sexist, homophobic, xenophobic, Islamaphobic, etc, etc.” … her phrasing was no accident … her accusations were the code words the Deep Left would use in a “commie Satanist diatribe” meant to put down any individual or group that dared to stand in opposition to the commie Demon-rats Extremist Left Agenda … the Demon-rats also use phrases like “religious liberty” and “religious freedom” as code words to engender the exact opposite (to foster discrimination, intolerance, racism, sexism, homophobia, Islamophobia and White supremacy instead) … it is no coincidence that Hillary is “a zealous commie advocate of a Marxist theology” that is at complete odds with Christianity … a longtime Clinton stooge (Pizza, Hotdog man John Podesta) created an organization called “Catholics in Alliance for the Common Good” to infiltrate the Catholic Church and foment revolution among Christians (to promote a Catholic Spring) … Catholics in Alliance for the Common Good (CACG) is a George Soros funded nonprofit organization (dedicated to duping Catholic and Christian voters into supporting commie candidates, causes, and legislation) … CACG states: “it deplores economic inequality and characterizes modern America as a society where greed, materialism, and excessive individualism are ubiquitous” … it views law and order and free markets as the enemies of their type of totalitarian social justice (which includes robbing, looting, burning cities, killing, etc., etc.) … this is why Hillary and Soros want to destroy moral theologies (like one that adheres to millennia-old Christian teachings on living a good and decent life as Christ would want for us) … as such religious beliefs are considered “deplorable” by Hillary, Podesta, Soros and the Commie Deep Left … and this is why “we now have revolution on the streets of America” … and by the very Blacks … Hillary advocates aborting (before birth and even after birth) … her evil Marxist-based commie ideology thrives on government redistribution of wealth and unlimited and unrestrained taxpayer-funded abortions … so CC … this is likely what Bill is quietly thinking about … along with the rest of us Christians!!!

      • paul ...

        You know … it is kind of sad that a Nation that fought a very devastating Civil War to “Free the Slaves” because as Christians we believed that “Black Lives Matter” … is now about to be forced to “Kill Black Lives” as Hillary, Podesta, Soros want another Civil War in America (to bring back Slavery) not only for the Blacks (but for the Whites) … it’s these evil Demon-rats that want to abort the Blacks (before and even after birth) and are using them as a tool to subjugate us all under a Commie Socialist Marxist Satanist Regime where they now have us Christians “willing to kill Blacks” to save our cities our homes and our families from being burned to the ground and turned to ash … and it will happen just as the Demon-rats plan … if Trump does nothing (but play his soothing words like a violin on Twitter “just like Nero”) … As America Burns” !!!

        • Self Exiled

          I think many black Americans are worried and deeply concerned about this race war mentality promoted by liberals and the divided media. They have much to lose by this mentality. I also think that the majority of the rioters in Minneapolis were from the Somalian community of Minneapolis and not from the citizens of the black community of Minneapolis. My opinion.

  27. Greg Morrissey

    Please read
    Psalm 135:6
    Psalm 115:3
    Job 23:13
    2 Chronicles 14:7
    He changed his mind we they came back to him
    Jonah 3:1 thru 10
    Exodus 32:14
    2 Chronicles 12:5,6,7,8
    and to the new Testament
    Matthew 17:10
    Luke 18:27
    WE must get the message out to all for he loves and will forgive us IF we come back to him as one Nation Under GOD
    Thank you for all you do
    In Jesus holy name
    Contact me if I can be of more help
    Attachments area
    Preview YouTube video The REAL Noah’s Ark FOUND by Archaeologist Ron Wyatt! – Short Documentary


    Greg Morrissey

  28. JC

    Bill said something interesting about not keeping all your precious metals at home due to risk of home invasion/ theft, but he didn’t go into detail about the private vault he uses for silver.

    And on another note, we have statue psychosis also in Italy…

    A statue in Milan of a famous Italian journalist has been sprayed red and tagged with the words “racist, rapist”, becoming the country’s first statue targeted since a wave of similar incidents across Europe and the United States.


    • paul ...

      Isn’t putting ones wealth in a vault … just like leaving your stock holdings with your broker?? … can’t Marshal Law troops surround a private vault as easily as a bank can shut the doors to their safety deposit boxes!!!

      • paul jr.

        Somebody needs to tell Lynette Zang that. She has all her precious metals in a private vault. The vault is only accessible Monday-Friday during the daytime. Funny how she says, “if you don’t hold it, you do not own it” and then puts it somewhere in which she does not have control of it.

      • JC

        paul… Maybe it’s not a bad idea to have your precious metals in more than one location. If anything goes wrong a partial loss is better than a total loss.

        • paul ...

          JC … Bill Holter likely puts just a few ounces in a private vault and then tells the commie Fed’s and IRS exactly where they can easily find it … so as to throw them off the track … as to where he really has his money hidden!!!

    • Keith Wilson

      Well I keep my silver coins in gun cabinets all over the property. Gun cabinets are made to withstand a lot of abuse and would take a criminal time to break into. I even have coins in a gun cabinet inside another gun cabinet just to make there lives hell when they break in. In another gun cabinet it’s full of lead scrap metal and weighs half a ton just to upset the bastards when they pinch it and open it they get the shock of there lives? Always one step ahead when it comes to protecting our coins ?

    • Self Exiled

      An 85 year old lady who lived at the end of our driveway once told me, “Watch and see young man, no good will come from this TV” I was 14 at the time and valued old peoples radical opinions. Now I’m one. Mmmm Your comment reminded me of her statement and the link that confays all this insanity.

      • JC

        Self Exiled, she was correct. TV could have been a wonderful educational tool, but intelligent people realized it was primarily being used as a “boob tube.”

      • Occasnltrvlr

        I trust you were cautious while coming and going.

  29. oqwazyme

    What are you talking about, the MF Global event happened when QE started. Is that not obvious ???

  30. Mike

    Maxine Waters says this is an “insurrection” and not riots. A communist insurrection based on the Nazi brown shirt model is their desperate move to get rid of Trump. Their paid operatives like Antifa will rampage with their bully tactics until they are destroyed by a greater force. The fake media is ready to portray Trump as a ruthless dictator if he responds with the US military. This is the manifestation of an information war.

    • Self Exiled

      ”This is the manifestation of an information war.” Well said.

  31. Darren

    Greg…Always love to hear Bill. Great, balanced perspective on everything…Just curious…..Whatever happened to Bix Weir?????He was always interesting as well…Be Safe…

  32. Tom Wigand

    Re: the elimination of bank reserves requirements — I’m wondering if one of the primary reasons is the “repo market.” That is, we know that the Fed was creating currency (not money – h/t Mike Maloney) by the billions, daily, to inject into the “repo market.”

    I’d be willing to be was that one or more major banks needed financing to buttress their required reserves, AND THAT the need for this was becoming so great that the Fed needed to bury it from scrutiny. These injections were starting to draw unwanted attention.

    Thus, eliminate the reserve requirements, and reduce (if not eliminate) the demand for Fed injections into the “repo market.”


    Greg: your welcome- I sent you the fed’s non-requirements for the banks now. I pulled as much cash out of my bank as I could!! Suggest others do the same while they still have cash.


    • Russ F

      Al, I am not sure that we need to pull out our money anymore from the banks.
      I also thought this was necessary, and I have done so.
      But, now with the FED printing unlimited money and bailing out whoever needs to be, the banks no longer need cash in reserve. The FED will simply print more and give it to them if they need it. Voila! The FED, lender of last resort. Banks cannot fail when they can get more cash whenever they need it.
      Too bad we as taxpayers can’t have the same privilege!
      Gold and Silver are the only protection against these current reckless monetary actions.

      • Hazardous Duke

        I keep telling my family members who have started to build a sizable stash of cash that it doesn’t matter how much of THAT you have. All they have to do is what India did and it turns into toilet paper in an instant – and all I get are crickets and blank stares. The only thing they don’t have ANY control over is gold and silver and anything else you can hold in your hand. I’m so torn right now as to whether or not I ought to take everything out of Texas Retirement System, even though it’s one of the best run state retirement systems out there, and put it into … whatever. It’s all just digits in a computer somewhere.

  34. Lazlo

    It just keeps getting better all the time…

  35. sandra sullivan

    Have you noticed that it is the demorat coastal states that are allowing the communist to over run them? Getting them ready for easy invasion into the rest of the country?

    • Hazardous Duke

      China, maybe. Russia, Russia, Russia? I think they’re saying “Heck nyet. We’re staying over here where there’s a soupçon of common sense left.”

  36. eddiemd

    Sunday June 14th, 2020 coronavirus update.

    “Texas, Florida, California and Arizona are perhaps the four most closely watched states now that New York, New Jersey and Connecticut have seen the number of new cases wanes.”

    Propaganda media “watching” the vacation states of Florida, California, Texas…not so much Arizona during the summer.

    California is getting crushed. Tax revenues must be wiped out from minimal tourists. Who in their right mind is making plans for a vacation anywhere when the day to day situation changes?

    In Arizona the Grand Canyon tourist season is wiped out. There will not be tourists from Asia and Europe. That goes for Las Vegas also.

    It will be a wild ride the next few months.

    Stay away from large gatherings. Peaceful or not. Remember Las Vegas October 1st, 2017.

  37. Steve

    The gold silver ratio @ Kitco this morning is 99 to 1. This is based on the spot price. However @ Ca. numismatic investments the ratio of gold and silver eagles based on current spreads is 75 to 1. This is give or take the ratio for the past year. Obviously the real market doesn’t believe the manipulated spot price of silver and is making it’s own correction. The junk to gold eagle ratio is always higher, now @ 83 to 1. These ratios are still very skewed, but won’t last forever.

  38. Get ur house in order

    Bail ins are coming to a bank near you. With zero reserve requirement expect cash to be eliminated soon, as well. Which comes first, the digital yuan or the CBDC (central bank digital currency)? Paging Thomas Jefferson to a white courtesy phone…

  39. David

    Greg, the analogy which you and Bill Holder were looking for as a yard stick for the value of any fiat currency could be compared to filling up at the gas station which a posted price of $US 4/gallon and finding out after that ‘their gallon’ was not a nationally recognized unit of measure.

  40. eddiemd

    John 4:7-
    7 A woman of Samaria came to draw water. Jesus said to her, “Give Me a drink.” 8 For His disciples had gone away into the city to buy food.
    9 Then the woman of Samaria said to Him, “How is it that You, being a Jew, ask a drink from me, a Samaritan woman?” For Jews have no dealings with Samaritans.
    10 Jesus answered and said to her, “If you knew the gift of God, and who it is who says to you, ‘Give Me a drink,’ you would have asked Him, and He would have given you living water.”
    11 The woman said to Him, “Sir, You have nothing to draw with, and the well is deep. Where then do You get that living water? 12 Are You greater than our father Jacob, who gave us the well, and drank from it himself, as well as his sons and his livestock?”
    13 Jesus answered and said to her, “Whoever drinks of this water will thirst again, 14 but whoever drinks of the water that I shall give him will never thirst. But the water that I shall give him will become in him a fountain of water springing up into everlasting life.”
    15 The woman said to Him, “Sir, give me this water, that I may not thirst, nor come here to draw.”
    16 Jesus said to her, “Go, call your husband, and come here.”
    17 The woman answered and said, “I have no husband.”
    Jesus said to her, “You have well said, ‘I have no husband,’ 18 for you have had five husbands, and the one whom you now have is not your husband; in that you spoke truly.”
    19 The woman said to Him, “Sir, I perceive that You are a prophet. 20 Our fathers worshiped on this mountain, and you Jews say that in Jerusalem is the place where one ought to worship.”
    21 Jesus said to her, “Woman, believe Me, the hour is coming when you will neither on this mountain, nor in Jerusalem, worship the Father. 22 You worship what you do not know; we know what we worship, for salvation is of the Jews. 23 But the hour is coming, and now is, when the true worshipers will worship the Father in spirit and truth; for the Father is seeking such to worship Him. 24 God is Spirit, and those who worship Him must worship in spirit and truth.”
    25 The woman said to Him, “I know that Messiah is coming” (who is called Christ). “When He comes, He will tell us all things.”
    26 Jesus said to her, “I who speak to you am He.”

    Jesus Messiah will give to His followers the Living Water that springs up to everlasting life.
    “I Who speak to you am He”. Jesus Christ of Nazareth is the Messiah.

    Lest we forget…”for Salvation is of the Jews”. But we gentiles have been grafted in with the New Covenant.

    Ephesians 2:11-13, 19-22
    11 Therefore, remember that formerly you who are Gentiles by birth and called “uncircumcised” by those who call themselves “the circumcision” (which is done in the body by human hands)— 12 remember that at that time you were separate from Christ, excluded from citizenship in Israel and foreigners to the covenants of the promise, without hope and without God in the world. 13 But now in Christ Jesus you who once were far away have been brought near by the blood of Christ.

    19 Consequently, you are no longer foreigners and strangers, but fellow citizens with God’s people and also members of his household, 20 built on the foundation of the apostles and prophets, with Christ Jesus himself as the chief cornerstone. 21 In Him the whole building is joined together and rises to become a holy temple in the Lord. 22 And in Him you too are being built together to become a dwelling in which God lives by His Spirit.

    In Him…Jesus Christ Messiah. Being built together to become a dwelling in which dwells the Holy Spirit.

    • Beverly

      Thanks Eddie. I love this. And the American Indians are of Jewish descent. They are the olive branch planted in the wilderness, to later be grafted into the other olive tree planted in good soil(Isaiah). But, here in America, the Indians will come to the forefront because they are a remnant of God’s chosen people.

      • eddiemd

        American Indians are of Jewish descent. Never heard that before. Can you provide a Biblical reference? And which Bible?

        All nations are descendants of Eve. Then we have the descendants of Noah. We are all descendants of Noah if anything. I don’t find any reference in the Bible that Abraham’s descendants are American Indians. The American Indians are more likely gentile peoples.

        Genesis 10:32
        32 These were the families of the sons of Noah, according to their generations, in their nations; and from these the nations were divided on the earth after the flood.

        Then along came the tower of Babel. Everyone was scattered and confused. Having had extensive travels in Latin America and studied pre-Colombian peoples throughout the Americas, I find it interesting that almost all of the peoples built pyramid like structures. Perhaps a remnant of their experiences and memory in Babel.

        The Nazca in Peru were a very interesting people. The Nazca lines suggest that there were visitors from the heavens.

        When I dine at the table of the Lord, I will ask about these mysteries.

        Genesis 11:1-9
        Now the whole earth had one language and one speech. 2 And it came to pass, as they journeyed from the east, that they found a plain in the land of Shinar, and they dwelt there. 3 Then they said to one another, “Come, let us make bricks and bake them thoroughly.” They had brick for stone, and they had asphalt for mortar. 4 And they said, “Come, let us build ourselves a city, and a tower whose top is in the heavens; let us make a name for ourselves, lest we be scattered abroad over the face of the whole earth.”
        5 But the Lord came down to see the city and the tower which the sons of men had built. 6 And the Lord said, “Indeed the people are one and they all have one language, and this is what they begin to do; now nothing that they propose to do will be withheld from them. 7 Come, let Us go down and there confuse their language, that they may not understand one another’s speech.” 8 So the Lord scattered them abroad from there over the face of all the earth, and they ceased building the city. 9 Therefore its name is called Babel, because there the Lord confused the language of all the earth; and from there the Lord scattered them abroad over the face of all the earth.

        • Beverly

          Romans 11:17 plus talks about the olive tree. Here is a link to the allegory of the olive tree, which is given by the Prophet Zenos. https://rsc.byu.edu/scriptures-modern-world/allegory-tame-wild-olive-trees-horticulturally-considered. The Jews are the Olive tree, planted in the Lord’s vineyard. Although it was cared for well, it did not do well and so the Lord tells him to cut some of the branches off of that tree and plant them in other areas of the vineyard. The plan of the Lord is to later take the cut branches and graft them back into the original olive tree. References to the olive tree are in the Bible because it is compared to the House of Israel. You ask what Bible. I use the King James Version and I am also getting the information about the Indians from the Book of Mormon. The Book of Mormon is simply a record of the people who came over to the Americas around the time that the Prophet Jeremiah was prophesying the destruction of Jerusalem. There was more than one group of people that left Jerusalem around that time and that was Mulek, who was the only surviving son of King Zedekiah. The Book of Mormon also talks about the people who lived in the Americas after leaving the tower of Babel and how that civilization was eventually destroyed. Their records were combined with the others who left Jerusalem. If you will give the Book of Mormon a chance, you will start to see that the American Indians, who were here BEFORE the Pilgrims came from Europe, and they had to have come from somewhere. They are descendants of the Jews who escaped Jerusalem around the time of Jeremiah. They are a branch of the olive tree that was broken off and planted in another area of the Lord’s vineyard. The intention is to eventually gather Israel again. Joseph of Egypt was told that his descendants would be like a well with branches running over and Joseph was promised great things. That is because some of his descendants came to the Americas and populated it. Greg, can you forward this comment to Eddie, since it is an answer to his question, in case he doesn’t come back to comment section. Thanks.

        • Occasnltrvlr

          “All nations are descendants of Eve.”

          Many people choose to disbelieve the Bible, and then make up theories to force what is written to match their preconceived notions.

          Please read chapters 1 & 2 of Genesis again, very carefully. People who are uncomfortable with what is actually written theorize the use of multiple sources to account for what they prefer to not see, although it is very clear.

          On the sixth day, God created them, male and female. However, Eve was taken from within Adam.

          Looking at our human race, is a single origin feasible?

          Also, why was Noah chosen? He was “perfect in his generations” (Gen. 6:9), among other reasons. Study carefully what is being said in that statement.

      • Self Exiled

        Historically, at one time the American Indian was thought to be one of the lost tribes of Israel. There are language and word similarities and the positioning of their religious structures in their villages was similar to the the original encampments of the Israelite’s fleeing Egypt. I think this school of thought? was from 1700 threw the 1800. I have lived in communities near the Sioux Indians of the Dakotas and made friendships with several. They blessed me with a Yanktonai Sioux name “Wheatco Washetcoe”. Spelled phonetically.

  41. King Creol

    This powerful image of a Black man carrying a white counter-protester to safety frames a day of chaos and race-inspired violence in London
    [email protected] (Sophia Ankel) 1 hr ago

    • Greg Hunter

      Too bad most images are of rioters burning and looting. Shocking to see someone doing the kind thing.

    • King Creol

      DONT CLICK [[email protected]] ! I don’t know where that came from, but rest of link works. Sorry for any inconvenience. KC

    • Self Exiled

      I think many black Americans are worried and deeply concerned about this race war mentality promoted by liberals and the divided media. They have much to lose by this mentality. I also think that the majority of the rioters were from the Somalian community of Minneapolis and not from the citizens of the black community of Minneapolis. My opinion.

  42. Paul Hessler

    Good interview with Bill, Greg. As usual, he is “spot” on and your questions hit the mark! The final reckoning of the fractional reserve system has been coming for a while and is long overdue. I like Bill’s idea about his junk silver stored in a depository and then, as needed, to turn it into currency. For your listeners, there is a facility available which is handled by ICA (www.mcalvanyica.com) that deals with gold stored at the Royal Canadian mint and functions in a similar manner to what Bill described with his junk silver and the depository. Details of the program can be accessed via http://www.vaulted.com. David McAlvany and the entire ICA staff are very experienced with the precious metals and trustworthy and honorable.

  43. Russ F

    I wonder how we invest in gold or silver when fiat goes digital?
    Every ounce we buy or try to buy will be traced and known to the banks/government.
    Best is to get it now with fiat before fiat disappears and everything is digital trash.
    This just dawned on me today after the interview with Bill.
    And to sell after no more fiat, one can either barter with it, or turn it in for digital trash.
    Anyone have a different view on this???

    BTW Greg, your interviewing skills are even better than before (not in any way meant to say that they weren’t good before!).

    Thank you for continually bringing on brilliant, knowledgeable guests.

    • Beverly

      Gold will only be usable for a relatively short period of time. Those who have it to begin with can use it for sustainables, but it will be like the parable of the ten virgins and only half of them had extra oil. They all went to sleep and when they woke up, those without the extra oil wanted some from those more prepared. Those more prepared, said No, go get your own because we don’t want to miss out on the Bridegroom coming. So, those who weren’t prepared missed the show. We can only store so many commodities, so we need to be looking towards a plan of where we will go to produce our own. If people don’t want to be chipped(and they go along with Satan’s plan if they do this), then they have to get into a community that will support a self sufficient lifestyle. We’re going to have to go back to a pioneer lifestyle most likely, and the sooner we face the fact that hard labor is involved, the better off we will be.

      • Self Exiled

        Isn’t it amazing how many insights concerning life can be Divined from the Bible.

        • paul ...

          In the Koran the bridegroom gets all ten virgins … as oil is no problem in the Middle East!!

    • eddiemd

      Some states has legislation that silver and gold can be exchanged as legal tender. Arizona is one of them.
      “The United States Constitution which states in Article I, Section 10, “No state shall…make anything but gold and silver Coin a Tender in Payment of Debts.” Some states are already on board with the use of US minted gold and silver coins as money.


  44. eddiemd

    The New England Journal allows for free access of all information associated with coronavirus.

    Just recognize that this journal is now a political tool. Just read the editorials and perspectives. They have been a long supporter of Fauci and his gang.

    With that said, there is still good information to be found there.


    • eddiemd

      Added note.

      Most journals are bought and paid for by Big Pharma. If you receive a printed copy…of any journal out there…it is loaded with adverts for drugs…and expensive untested ones sometimes…I subscribed to the NEJM for many years until they went full PC and used it as a political weapon.

      I do give them credit for good review articles, photo quizzes, letters to the editor, and some other things. Their editorials and perspectives they can keep.

      Keep Chantix from the protesters…

      Accelerated drug programs…

      Drug/Vaccine approval…they are bypassing some of these steps for coronavirus…safety…we missed that part…especially with an mRNA vaccine…

    • SolarGuy

      Hey Eddie

      I hope all is well.

      I appreciate your comments, as I do many others.
      I’m interested to hear what your feelings are on how things will progress from where we are now.

      I have been following Greg here at USA watchdog for 7-8 years. I like listening to interviews especially with Bill Holter, Jim Sinclair, Charles Nenner, etc

      It’s hard to know what’s next. Nobody knows for sure except the Lord I guess.

      What’s your opinion on the “coronavirus” and the WHO and Fauci?

      Do you think this Antifa and BLM is a distraction?

      What’s your opinion on the economic collapse that has started but hasn’t been realized yet?

      I listened to an interview with David Icke yesterday. He has a few ideas that are out there and I don’t think he’s a believer but he had hit the nail on the head for things concerning the virus and rioting I think.

      A little background… My wife and I homestead in rural Nova Scotia. We are pastors and lead a small church here. We planted a church in Cape Breton several years ago which is doing well and we are now at a second plant in the french Acadian area of Nova Scotia. We both a bi-vocational. My wife is a doctor and I have a company that teaches, consults, and also designs and installs solar PV systems.

      Praying that God blesses you abundantly today!

      Kind regards


      • eddiemd

        Hello Mario,

        Thank you for the post.

        I believe the coronavirus to be an engineered bioweapon. Released on purpose or an escapee from a lab, I don’t know. I actually believe that it was released in China by Western intelligence operatives and made to look like the Chinese did it. Certainly it could be a collaborative effort by deep state intel black ops and Chinese CCP. We will never know the truth.
        Back in the mid-90’s I was in a Department of Defense (DOD) lab in Lima Peru in the virology lab. Research at that time was focusing on emerging virus coming out of the Amazon basin, the epidemiology of HTLV-1, HEP B (HBV), and tracking sub-types of HIV coming from SE Asia. We were also developing testing for VEE (Venezuelan Encephalitis) and sub-typing Dengue. Among other things. There was also interest in Hantavirus which was in Paraguay.

        The technology today is much advanced to allow for development of very destructive viral pathogens. It does not take much to modify a viral genome. This coronavirus has a modification to bind ACE2 receptors and there were early published studies that suggested gp-120 surface receptors. This means that the coronavirus can bind multiple locations/organs expressing ACE2 primarily in the lungs. The gp-120 could be allowing for the virus to bind and destroy CD-4 T-cells and disabling the immune response, or conversely, allowing for a hyper-immune response and release of cytokines, TNF, and a slew of other immune modulating substances. The cytokine storm–sepsis, uncontrolled coagulation systems, multi-organ involvement….bad news. It is interesting to note the non effect on children. Perhaps it is related to all the vaccinations that children get in the first 5 years. I personally do not agree with the schedule of childhood vaccinations. That is another conversation.

        It does appear that this coronavirus has been in the planning for several years and just last year simulations were run by Johns Hopkins, Gates Foundation, and several other globalists agencies.

        I believe that the riots and pillaging have been planned for years. They were waiting for the opportunity to cut loose. That is what they did. They are controlled by demonic forces in high places. Lawlessness abounds. Where are the men of God condemning this? There are not to be found. Too busy asking for donations to keep the prosperity gospel going.

        I believe the virus to be the cover for the planned demolition of the world economies and the institution of a one world system. It seems like all the pieces are in place…digital currency, totalitarian surveillance systems, controlled media and social networks, call for vaccinations against “coronavirus”, wars and rumors of wars across the globe, and an increase in populations that can no longer be supported by the basics like food and water. These are just the observable phenomena.

        In the unobserved phenomena…there is a spiritual battle raging in the high places and has been for thousands of years. It appears to be getting worse. We know that demonic entities exist and rule principalities. We find that example clearly in Daniel. The prince of Persia and Greece. We know that demonic forces have existed for thousands of years called by various names; Molech, Baal, Ashteroth, Beel-Zebub, witch of Endor, lucifer, god of Ekron, legion, and many more. The list is long. These entities still exist and have their own demonic soldiers in the spirit world. Our battles are with these spiritual forces.

        Thanks be to Jesus Christ Messiah of Nazareth. He warned us specifically about these beings. He came to deliver us sinners from bondage to these demonic forces. That we will know the Truth, Jesus Messiah, and He will set us free. That we are no longer under the law of sin and death but under the law of life in Christ Jesus, He dwells in us. He has sealed us with the Holy Spirit. That is His promise. He has overcome the world and all that is in it. His Name is the Name above all Names. This is the good news. His Blood has set us free.

        I do not worry what tomorrow will bring. I know that I have been baptized in the Holy Spirit. I pray daily for my friends, family, children, and those who Jesus has placed in my pathways. I pray that the Lord will give me grace, wisdom, knowledge with understanding, discernment…that He will teach me His Goodness, Kindness, Self control, Love, Peace, Joy, Faithfulness, Meekness, Patience…fruit of the Holy Spirit.

        Jesus told us in times like these…take heed, watch, pray…He will pour out His Spirit…we must be ready for the latter rains…witness, speak truth, ask for wisdom, love, discernment…He is Faithful in His promises

        His people are destroyed for lack of knowledge. To me that means to know the Word of God, to pray for the hidden manna, to be obedient, to offer the sacrifice of praise and thanksgiving, to seek Him with all my being…He will manifest Himself…He has kept His promise to me…

        The promise is to everyone who believes and seeks Him, Jesus Messiah of Nazareth, Almighty God in the flesh.

        When we know Him and trust in Him, we have nothing to fear. He is the King of Kings.



        El Elohim…we give You Glory and Praise

        • SolarGuy

          Hi Eddie
          Thank you so much for the comments.
          I replied to your 2nd post below.

      • Self Exiled

        God Bless your ministry as you walk threw the cathedral of life.

        The LORD bless you, and keep you [protect you, sustain you, and guard you];
        The LORD make His face shine upon you [with favor],
        And be gracious to you [surrounding you with loving kindness];
        The LORD lift up His countenance (face) upon you [with divine approval],
        And give you peace [a tranquil heart and life].’ Numbers 6:24-26

        • SolarGuy

          Thank you for the prayer Self Exiled . We appreciate it.
          Kind regards

      • eddiemd

        Hello Mario,

        An added note.

        I believe that there is going to be a coup to remove Trump. Biden cannot debate Trump in his current state of mind. He is not capable and I suspect that his cognitive decline is worsening at a rapid pace. He cannot concentrate and his memory is failing. Therefore they must get rid of Trump. That is why the generals are appearing. The generals are compromised so they will do what they are told.

        I pray for you and your believers in Nova Scotia. That Jesus Christ will give you wisdom, faith, love, and discernment. That the Holy Spirit will guide you in all things. That the Holy Spirit will be poured out in your part of Nova Scotia and that there will be revival. That you and your wife will bear fruit and that your fruit will remain. I ask this in the Name of Jesus Messiah, that His will be done here on earth as it is in heaven. Give thanks for the Goodness and Faithfulness of the Lord. He is the same yesterday, today, and forever.

        • Self Exiled

          I wish you would pray for me like that.

        • SolarGuy

          Hi Eddie
          Thank you so much for the awesome prayer. I had my wife read it as well and she says thank you very much also.
          I also appreciate your insight on what’s going on in the world with regards to the virus, rioting etc. My wife read your first comment on the virus and it’s origin and complexity and agrees with you.
          Thank you once again my friend and brother in Christ.
          We prayed this morning for you.
          Kind regards

  45. Daniel

    OK…lets make it short and not so sweet….
    It is all going digital. The end.
    No more paper money, gold and silver will be for banks and other financial entities if it’s used at all.
    The average person will not be allowed to own or trade with gold.
    The goal is ultimate control of people and all things including the weather and earth itself.
    Who is able to stand against the Beast?

    • Greg Hunter

      All Christians will stand against the “beast” with the awesome power of Christ. Read the end of the Bible and you will see the “beast” loses badly.

      • paul ...

        Yes Greg … and even though we fought a Civil War “to free the slaves” because our Christian principles said “Black Lives Matter” … we must now focus on killing the Demon-rat Beast (who is using the idiot Blacks “we Christians saved” as pawns to make “everyone a slave of the Satanist Deep Left Commies”)!!

    • JC

      DANIEL, the ‘average person’ is the person who keeps the infrastructure of civilization functioning… they’ need us more than we need them. There are people ruling us that don’t know anything about real work, about getting dirt under your fingernails.

      ‘We, the people,’ will stand against the Beast.

      Here it is from Captain Kirk. Pay attention!


      • JC

        “I do not fully understand… one called Kirk. But the holy words will be obeyed. I swear it.”

        • paul ...

          It was not written for criminal banksters and greedy elites … but for … “We The People”!!

        • Self Exiled

          The destructive element that HE exposes to us who know HIM understand that all life is dependent on all LIFE. Yes real life they have no comprehension of, they live in a non reality of there own making. They unknowingly presume the power of God so their delusion is complete. They project their religion of self destruction upon us.

  46. James sullivan

    G’day Greg!
    After many years of following your site, i can say sincerely, that you a.re a good man, who has found his rightful place in life and service to his fellow humans. God bless ya! I don’t understand your biblical inclination, but i respect an honest man. I’m feeling like teasing ya now ….. you can’t help yourself but ask your guests: “What about gold and silver?”.
    I confess to be holding a few pm’s against the great fail, so i share your interest….. but i sense for you, it is mor ….a talisman of sorts. ..as my son used to say : “Just joking you!”
    Carry on, smiling.

    • Self Exiled

      ”biblical inclination” I always wondered why I was misunderstood. Me too, joking. I’m now locked down ”again” till July 30 here in this small provincial town in Philippines, Thank You Greg , your keeping me sane. President Duterte locked me up again. Don’t tell anyone I’m going to sneak out. He He Ha Ha

  47. Jon P

    I 100% agree with your guest! I don’t see the stock market reaching new lows with all this money creation. Not unless there’s a complete loss of confidence in the U.S treasuries.

  48. SanityClaus

    So theft and fraud are business as usual according to this “economic expert” .
    Lending credit at interest is fraud. Lending credit at interest on a fractional reserve basis is compounded fraud. Lending credit at interest with a zero reserve requirement is something the BRITISH EMPIRE pentagon heroin mafia calling itself the FED has been doing for eighty years. As long as the pentagon and national guard can print all the fake money they want to satisfy their hopes and dreams of permanent treason service to the British Empire they will continue to poison and murder our children for their masters in
    Londonistan, Ryad, the Vatican and Tel Aviv. It is not the responsibility of any American to kill and die for Islam setting up Islamic states in Afghanistan, Iraq, Syria, Yemen or anywhere else. Welcome to the United Nations Islamic child rapist pedophile British Empire. The pentagon wipes their ass with our Declaration of Independence.

  49. Jerry

    Intel update.
    I’m hearing from my contacts that the riots are being used as a black ops operation to set up mandatory testing for covid19 by the first of July as the second wave of the coronavirus begins. It appears that the iPhones the rioters are carrying are being tracked by the central planners, and will be used for future contract tracing. The testing will begin at federal government departments and filter down to state level. Say what you want, but the central planners have a sense of humor. Using black lives matter, in a black ops operation. You can’t make this stuff up.

    • eddiemd

      They have been flying predator drones around to track the iPhones. In Scottsdale it appears that the police were able to use the cell phone towers to triangulate all iPhones in the areas of looting. They have the data already. Just needs to be put to use.

      Remember…social distancing is for tracking purposes.

      I have never owned an iPhone. Never will. I have an old school flip phone that I rarely carry or use. Turned off with the battery removed. I have survived 6 decades without an iPhone.

      Back in the day I had to carry a pager when in-house or on-call. Sometimes 2 pagers when I was on the code team in-house. The good old days. Code Blue.

      If you are elderly, make sure you have an advanced medical directive. Chest compressions on a frail elderly person are ugly. It is torture.


    • paul jr.

      Sure you can.

      • Occasnltrvlr

        “Thumbs up.”

    • Self Exiled

      I have never underestimated the intelligence of the evil one, it’s all he’s got. I’m amazed by his deceptive abilities. I’m also electrified to worship HIM who uses all to HIS Glory.

    • Jerry

      Second wave by the numbers.

      Thanks to some very astute observers, the number 322 is being used to pump up the number of new covid19 cases in each state. Simply type covid19 322 and see what pops up, and then tell me this whole thing is not being orchestrated. I have posted multiple times the track the World Financial Counsel and Rockefeller foundation are taking by the numbers, and here it is agsin.

      I am also hearing ( though I can’t confirm it) that Washington D.C. is on high alert, and that a possible coup attempt may be coming. With the defection of several of the high ranking generals the past few weeks I would not discount it, especially since Nancy Pelosi was meeting with the generals behind closed doors. The question I have is who is still supporting President Trump? The silence in congress is deafening.

    • paul jr.

      Jerry, what is happening to the BRICS alliance? It is starting to fall apart.


      Russia and Brazil is not too happy with China either for giving them the virus.

      • Jerry

        Paul jr.
        I wouldn’t bet on it. China is ready to roll out its digital currency soon, and many of the nations in the alliance are already on board.

        What is the U.S. doing besides printing money? Nothing. It doesn’t matter anyway, the World Economic Forum has plans to replace it all.

        • paul jr.

          Well I will. My sources say thousands more troops moving into the area. Tactical nukes may be used next.

  50. Sonya Flores

    Bill always drops good info that is immediately useful. Thank You!

    Did you ever find a reliable web hosting company? Please let me know if you did.

  51. Stan

    Nice bear flag forming in Gold

  52. tim mcgraw

    Great interview! Tough times ahead for us all. So sad what is happening in Seattle. I lived there for 25 years. The original REI store and HQ is in CHAZ. How that Capitol Hill area has gentrified and changed over the years is amazing. It used to be one of the poorest areas in Seattle and in the 1970’s you could buy a house there for a song. Jimi Hendrix is buried in a cemetery on Capitol Hill.
    Thanks for the interview.

  53. Dave

    Greg, I think you are wrong that the average Democrat who is middle class will see the riots and be opposed to them (which they are – I am surrounded by Democrats) and then vote GOP in the fall. They won’t. They have no intention of so doing. Yesterday the Bay Bridge was blocked by BLM protesters for several hours. Traffic from the East Bay came to a halt but a party atmosphere ensued with many getting out of their cars and cheering the protesters. Black voter registration is way up. They are registering Democrat and they are not doing that to vote for Trump in the fall.

    Today in what progressives are hailing as the Roe vs. Wade of our time, Gorsuch wrote the opinion effectively recognizing gay and transgender people as a separate class with protection in jobs/employment situations. That will soon be expanded to include religious institutions and schools in their hiring decisions. Then, both Kavanaugh and Gorsuch joined the majority in refusing to hear the sanctuary city challenge in the 9th circuit. Basically codifying nullification when it comes to illegal immigration. Trump’s two picks are quickly moving left and that will further erode his base which is starting to desert him. Michael Knowles, filling in for Schapiro today, had a guest from the Wire who said in the end Trump is turning more into the typical GOP squish than what conservatives had hoped for. Remember, many conservatives warned Trump not to nominate either of these men as their background was not conservative in many of their rulings. Conservatives wanted openly staunch pro-life judges to be nominated. Trump said next time. Yeah, well it is doubtful he’ll get another nominee. Today’s court decisions are a disaster for conservatism and if both Trump’s appointees continue to move left (they are doing this quickly by SC standards) Trump’s judicial legacy will be perhaps worse than that of Bush1 and Bush2.

    • Charles H

      Conservative In Name Only = CINE? What does it take to sell out?

  54. pat

    The banks are starting to reduce how much money you can take out of your account at one time, I think that they just have the money? Where is it going back of the closet, small house safe. people do see what is going on.

  55. WD


    It appears that BLM has knee capped police forces across the US….I was a small child when the hippies went crazy. Along with the left wing gangs across the US….It appears that violence works. It appears NYC just got rid of its plain clothes division. We are in a place I never thought we would be in. There is a huge hidden agenda to BLM. Its basically a revenge policy on US and white people. I am a Christian and I pray….I dont see how this just goes away anymore even with Trump in the white house-I have to work at least next 15 years and I am scared. All our state and local govts just completely capitulated. Three of our most populas cities have just surrendered their police force…..How far does this go. Property confiscation? Does Mark Taylor see anything like this?

  56. regaleagle

    I’ve stocked at least 6 mos. of food and over 5000 rounds of ammo…..hoping I don’t NEED to use either. But if it comes to that point, so be it. The evil in the world seems to be manifesting at a higher rate now…….looks like Satan’s minions are all running loose and trying to recruit whomever they can deceive. Put on the breastplate of righteousness and be not deceived. May God Almighty grant strength and wisdom to those that seek Truth and Justice according to His Word.

  57. Self Exiled

    You won’t see this on the news. IMMEDIATE RELEASE CASUALTY STATUS as of 10 a.m. EDT June 15. 2020


  58. Stan O

    Is this just a set up for introducing negative interest rates in the US!
    If the banks are no longer required to hold a fixed percentage of deposits in the bank against the loans that they have written, or against any new loans that they wish to make, then what’s the need for the banks to pay depositors any interest on their deposits? It would then seem that the next logical step is to apply negative interest rates on deposits. I.e. we (the banks) no longer need your money anymore, so we are now going to be charging you a fee for the service of storing your money.

  59. Self Exiled

    Trump sending ally to Pentagon to vet officials’ loyalty: report


  60. Self Exiled

    Rush Limbaugh Sets the record straight with plain common sense.


  61. Self Exiled

    North Korea blows up liaison office with South in Kaesong: Unification ministry. Lets hope this is contained and does not escalate.


  62. Self Exiled

    I suspect covid terrorists will be attending the trump rallies. my concerned opinion.

  63. f reps

    It would be of Great benefit to your viewers if any further discussions about the difficulties in the Financial Systems “differentiated ” between the essence of the word ” Money” vs ” Currency”. A lot of confusion is being visited on your audience when these terms are used interchangeably. Money is Real, fungible, rare ; and essentially valuable on its own. Currency ; a money substitute , consists of Bank notes, Bank balances, and any other ledger or computer entries which act as “Substitutes” for Money; but which have absolutely no intrinsic value. Being fast and loose with these two distinct entities serves to muddy the waters. The World is experiencing the Grotesque expansion of Currencies NOT Money.

  64. Dave Brown

    Hello Greg. I appreciate your work and discipline in producing USA Watchdog. ZERO RESERVES IS A NON ISSUE. Please allow me to clarify the issue by providing a very simplified example of a bank structure. A bank raises Capital from shareholders of say $1 million. Regulatory capital rules (say 8% leverage) allow the bank to generate $12 million in customer deposits. The bank needing to earn an interest spread wants to deploy it into the highest yielding assets, loans, but must maintain sufficient Liquidity to satisfy depositors’ withdrawals. So the bank now with $13 million ($1m + $12m) deploys say $10 million in loans, $1.8 million in marketable securities (ie US Treasury bonds), and, because of a 10% (of deposits, or $1.2m) reserve requirement keeps $500,000 in the vault (earning 0%) to meet customers’ withdrawals and $700,000 in its account at the Federal Reserve Bank (earning minimal Fed Funds rate, say 0.5%). A zero reserve requirement lifts the requirement to keep the $700,000 at the Federal Reserve Bank allowing it to deploy it into higher yielding loans and investment securities. It has nothing to do with bank solvency and minimally with bank liquidity, but significantly with bank profitability. Because of a Fed-approved loophole that I won’explain here, reserve requirements have been essentially zero since 1992 anyway. Zero reserves is a nothing burger.

    • Greg Hunter

      Then why didn’t the Fed do this 100 years ago? So they got it wrong for more than 100 years??? Yeah “nothing burger.” The Fed got reserve requirement wrong since the inception of the Fed banking system. It just realized it’s mistake. Move along nothing here.

      • Dave Brown

        Reserve requirements were a tool that the Fed used to direct monetary policy (ie control inflation) in addition to the Fed Funds rate. Raising or lowering required reserves directly impacts the amount of a bank’s customer deposits that it may lend, cooling off or stimulating the amount of lending in the system. Reserves are not about a bank’s solvency, its capital level is. Reserves are not about a bank’s liquidity, its level of short term investments and marketable securities is. The Fed did, I believe foolishly, relinquish a very powerful monetary policy tool in giving up reserve requirements. But this happened in 1992, not last month. In a deal with the banks to bail out the Savings and Loan’s Federal Savings and Loans Insurance Corporation (FSLIC), in a wink and a nod, the Fed allowed the banks to begin sweeping, each night, their customer demand deposit that required reserves into accounts under Reg D that didn’t require reserves and then replacing them the next morning into the demand deposit accounts. This didn’t eliminate reserves entirely but essentially did. It was accounting shenanigans that gave the banks greater profits because they could now invest funds into interest bearing assets that were previously locked into non interest bearing reserves. The Fed gave the banks a big profit boost in exchange for paying off the bonds to rescue the FSLIC, all without Congress approval and likely understanding.
        Eliminating the reserve requirement last month was a recognition of something that was done 28 years ago covered over by labor intensive accounting. I’ve been hearing on your platform and others the misunderstanding about the zero reserves and want to provide my experience to clarify that it’s not as nefarious as it’s being made to be. I was a bank executive for 35 years, mostly as CFO, and earned fantastic bonuses in the 90s implementing the sweep programs to eliminate banks’ required reserves. The Fed is currently engaged in many dangerous and foolish activities but eliminating reserves isn’t one of them.

      • Dave Brown

        Here’s a good summary of sweep accounts from the Chicago Fed and the history. Of course, it doesn’t acknowledge that it was the deal with the banks for the bailout of the FSLIC but it was. President Reagan, in the late 80s, assigned Vice President George H. W. Bush to lead a task force to resolve the S&L crisis. Bush pulled former FDIC Chairman Bill Isaac to assist him. I was in a meeting with Bill Isaac in which over the protests of the banks, he said that for politics, too bad, accept that the banks are going to bail out the S&Ls, tell me what you want in exchange. The banks said eliminate reserves so that we can invest those otherwise idle funds. The FSLIC was folded into the SAIF fund of the FDIC, the banks got assessed for years to pay off the SAIF rescue bonds, and hence backdoor elimination of bank reserves via sweep accounts. Too complicated for most to see the shell game, but S&L crisis resolved, bank reserves essentially gone. The Fed’s announcement of zero reserves simply ended the shell game.

        You are right, the Fed is playing with fire and we are all going to be badly burnt. I thoroughly enjoy your work and appreciate what you are doing with USA Watchdog, so I don’t want you to perpetuate a falsehood. Zero reserves isn’t it.


    • paul jr.


      I am glad to see someone else on this site knows what he is talking about. You are correct. The fact is for most bank deposits, such as savings accounts and money market accounts, there were already no reserve requirements. It was mainly only amounts in checking accounts that still have reserve requirements. That is why for years banks like BB&T Bank only had about 3% of bank deposits in reserves (vault cash and deposits with the Federal Reserve). So having no reserve requirements now on that relatively small amount in checking accounts (actually only the part of the checking account that was not swept into a money market account) is not that big of a deal. Also Bill Holter is wrong about when the banks failed during the Great Depression that you lost what you had in your safe deposit box. You only lost it if you did not go to the failed bank and get your stuff. Bill Holter is a nice guy but no one is right all the time.

  65. norm

    Greg, Really enjoy the interviews and the weekly updates. Here is a link to another interview that you may find interesting. It’s a synopsis of the shutdown/pandemic from another angle. https://tinyurl.com/y7kkodqz

    • Greg Hunter

      Norm, Who is this person?

    • Self Exiled

      I wonder if nano silver affects nano dust. Especially that nano silver has a positive and negative charge. Global media syndicate, very aware that corporate sovereign nation.

    • Self Exiled

      My deep concern: if Trump is waging the war on this front and this effectively would be; that the forces of global opposition will out of desperation escalate their destructive bent to a new level.

    • Self Exiled

      Intelligent dust particles embedded in the brain could form an entirely new form of brain-machine interface, say engineers, MIT Technology Review.

  66. JC

    There’s nothing to worry about. Congress is almost ready to spend more money that they don’t have.

    “Dow jumps 650 points after Powell says Congress may need to spend more to bolster economy.”

  67. WD


    Recent court SCOTUS supreme court decision shows we lost them…..I can’t believe their decisions…This crew aint overturning Roe v Wade…I had so much hope for so much. IT looks like Mark Taylor was wrong. I do have a chance to start a new life in Chile….I am seriously considering this move.

    • Charles H


      AS having lived in Mexico over twenty years – I can say that there are cultural differences that make a move like you contemplate – a very less than desirable trade-off. You will suffer greatly if you don not learn the language, and learn it well enough to see through inherent problems. Catholic Cultures support two terrible issues in the Third-World: lying and stealing. Lying was used to defend against proselytization under-discipled Catholics: but then it never stopped there, and has become ubiquitous. Thievery was “excused” to the poor, in a socialized way – so that the great masses wouldn’t be alienated. And like lying – stealing has become universal. It is the background fabric of the culture. The saying is: “Opportunity makes the thief.” So if you leave something where it can be stolen: the thief isn’t responsible – YOU ARE! No one DARES leave anything of value visible in their car: lest they lose a window, and the item.
      And foreigners aren’t really ever welcome. The blush of money, and profiting by a gringo coming to town wears off – once you patch-up the financial holes to all who ‘touch’ you for a favor or loan that will never come back. Stop pouring money around and you become an invader, a trespasser; you will never be one of them, and you won’t belong. When that flip happens – it is unbelievable.
      Bill Holter went to Costa Rica – I think: but he came back to the States because he learned enough Spanish to know that any gringo wears a target permanently on his back. And he is right.

      • WD

        Are you still there?

        What I do would be more escaping- AMerica has left me….I know about the stealing in South America-but I know nothing is as bad as Mexico

  68. H. Craig Bradley

    DOW 40,000

    Next milestone for the Dow 30 stocks is 40,000 ( Martin A. Armstrong ). First, we have to get through this 2-year recessionary period before the next “Bull” cycle and economic recovery really takes-off. Probably not until the end of President Trump’s second term is my best guess. Not sure where DOW 5000 fits into this forecast. Maybe after 2032 A.D. ( again, Martin A. Armstrong regarding the “Sixth Wave”).

  69. Deep In the Heart of Texas

    We’ve been watching you for years and thanks for the work you do!

    Please ask Bill or Jim to discuss the impact (if any) that these new higher PREMIUMS on silver purchases are having. Is it a “separation” from paper price? Does it mean any thing at all? And what can we learn from such a uniquely high premium?
    Thanks Greg!

  70. WOW Shiver Me Timber's

    The End of Today’s Economic Systems

    IF YOU designed a machine and it did not work well, what would you do? You would likely try one modification after another to see if it would work better. But what if you found that after each repair it got worse? Would it not be time to consider that the machine itself was unsatisfactory, and that a different kind was needed?

    Today’s economic systems are not working for the good of all mankind. There are enormous injustices in them. Hardworking people are seeing their money eaten away worldwide by governments on incessant money printing. Hundreds of millions live in poverty. Other hundreds of millions do not even have the necessities of life. The New York Times reported of some lands: “For many poor people the price of a single meal now exceeds a day’s income,” which is a striking fulfillment of the Bible prophecy, “A whole day’s wage for a loaf of bread.”​—Rev. 6:6, Weymouth, Fifth edition.

    Really, today’s economic and money systems cannot bring the peace, security and prosperity mankind so desires. Selfishness, greed, pride and a heartless lack of concern for others are built into them.

    What does all of this mean? Why increasing worldwide inflation, as well as food shortages, wars and other unprecedented troubles?

    All these things are a sign of the times. They are conditions that were foretold to be a part of the “last days” of the present system of things. And included in the foretold conditions is that people would be “lovers of themselves, lovers of money, . . . without self-control, . . . lovers of pleasures rather than lovers of God.” All these things are part of today’s political, economic, social and religious systems.​—2 Tim. 3:1-5.

    Hence, today’s money instability and hard economic times for so many are part of the evidence that this system of things is rushing toward its finish, as Jesus himself foretold. (Matt. 24:3-14) Any patchwork improvements to try to keep today’s economic systems going will be very short-lived. No repair can undo the selfishness, greed and injustice that are built into them.
    So what do all these things really mean is that this present unsatisfactory system is moving toward its greatest crash ever, but by divine action, not human failure. As Jesus put it: “For then there will be great tribulation such as has not occurred since the world’s beginning until now, no, nor will occur again.”​—Matt. 24:21.

    Comfortingly, though, God’s prophetic Word promises that this time of coming trouble will be followed by “a new earth” in which “righteousness is to dwell.” (2 Pet. 3:13) That “new earth” means a new human society, which will include a new economic system, one that will work for the good of every person. The promise is: “The LORD Almighty will prepare a banquet for all the nations of the world​—a banquet of the richest food and the finest wine. Here he will suddenly remove the cloud of sorrow that has been hanging over all the nations.”​—Isa. 25:6-8, Good News Bible.

    “In order to clear up the present economic problems everything must be set back to zero”

    What will soon happen, then, is similar to what a Japanese businessman answered when asked about a solution to today’s economic turmoil. He remarked: “In order to clear up the present economic problems everything must be set back to zero.” He rightly saw the hopelessness of ever repairing the system. And God’s Word agrees: it is too far gone. Hence, it will not be repaired, but will be demolished.

    The possibility of today’s economic systems crashing has been a more frequent topic of discussion among economists lately. For instance, American financial commentator Sylvia Porter spoke of the real possibility of an “inflationary blowoff in this nation and the world, destroying the confidence in any investment in ‘paper’ [money], and so undermining the functioning of our international monetary system that trade among nations would grind to a near standstill.” The columnist added:

    “The blowout would then ripple out to cause a rash of bankruptcies among businesses, a collapse of the dangerously swollen credit bubble, an upsurge in unemployment, foreclosures of vastly overextended mortgage credit, and repossessions of goods bought on installment loans the debtors could not repay.

    “The scenario becomes more scary even as I write it.”

    “Nations cannot go on borrowing to improve living standards”

    Even the late political commentator Jack Anderson similarly commented on the shaky money situation then, stating:

    “Nations cannot go on borrowing to improve living standards. The money can never be paid back unless it is invested in production instead of consumption. For many countries, the debt is already greater than they can absorb without a financial breakdown. . . .

    “Skyrocketing prices keep adding to the bad debts until the whole banking system is threatened with collapse.”

    The American Institute for Economic Research makes the following observations:

    “During the next several years, the following economic developments seem highly probable:

    “A severe and prolonged worldwide depression. . . .

    “During a prolonged depression, social disorder might well become extreme. . . .

    “Any person or family who appears to be substantially better off than those who are most adversely affected may become the target for mob violence.”

    When people rob, rape, mug and murder in such increasing numbers now, in a time of relative peace and prosperity, they would do much worse if a breakdown occurred. An evidence of this is what happened during the blackout in New York city in 1977. In certain areas anarchy prevailed. Looting, vandalism and robberies were epidemic. The police admitted that they were helpless.

    Similarly, in an African country, a one third increase in the price of rice sparked rioting and looting in the capital city. The streets looked as if a war had just been fought. Martial law was declared and a strict curfew imposed.

    “Into the streets they will throw their very silver, and an abhorrent thing their own gold will become” Note; Will become.

    [“MONEY is for a protection,” says the Bible. (Ecclesiastes 7:12) [Protect your money with silver and gold.] Because it pays for food, clothing, and shelter, money serves as a protection against the hardships associated with poverty. Indeed, in a material way, money can buy practically anything. It “meets a response in all things,” says Ecclesiastes 10:19.

    God’s Word encourages us to work hard so that we have the means to provide for ourselves and our families. (1 Timothy 5:8) Honest, hard work rightly engenders feelings of satisfaction, dignity, and security.​—Ecclesiastes 3:12, 13.

    Additionally, our hard work enables us to be generous in a financial way. “There is more happiness in giving than there is in receiving,” said Jesus. (Acts 20:35) Such happiness results when we cheerfully use our finances to help the needy, especially fellow Christians, or to purchase a gift for someone we love.​—2 Corinthians 9:7; 1 Timothy 6:17-19.

    Jesus encouraged his followers to be generous, not merely on rare occasions but as a habit, as a way of life. “Practice giving,” he said. (Luke 6:38) The same principle applies to giving in order to advance the interests of God’s Kingdom. (Proverbs 3:9) Indeed, our generosity in this way helps us to “make friends” of God and his Son.​—Luke 16:9.

    Concerning what lies ahead for the entire world, the Bible speaks of a “great tribulation such as has not occurred since the world’s beginning until now, no, nor will occur again.” During that time, paper money will be worthless. Why, Bible prophecy even says:
    “They shall cast their silver in the streets, and their gold shall be as an unclean thing; their silver and their gold shall not be able to deliver them in the day of the wrath of Jehovah: they shall not satisfy their souls, neither fill their bowels; because it hath been the stumbling block of their iniquity..”​—Ezek. 7:19. American Standard Version. So please don’t plan on entering paradise with old money, that could be used for good now, before that day and hour.

    No human leader, nor any form of human government, will be able to forestall the coming “great tribulation,” since it is God’s judgment against this present wicked system. That is why his Word warns: “Do not put your trust in nobles, nor in the son of earthling man, to whom no salvation belongs.” (Ps. 146:3) What, then, is the right course to take? The Bible answers:
    ◄ Proverbs 3:5 ► Parallel Verses
    New International Version
    Trust in the LORD with all your heart and lean not on your own understanding;
    King James Bible
    Trust in the LORD with all thine heart; and lean not unto thine own understanding.
    Darby Bible Translation
    Confide in Jehovah with all thy heart, and lean not unto thine own intelligence;
    World English Bible
    Trust in Yahweh with all your heart, and don’t lean on your own understanding.
    Young’s Literal Translation
    Trust unto Jehovah with all thy heart, And unto thine own understanding lean not.
    Proverbs 3:5 Parallel

    Those who trust in God the Father thru the Son, now he promises to help even in an economic way. No, God will not provide his servants with luxuries, but he has promised them the necessities of life. (Matt. 6:24-34; Ps. 37:25) Nor does this mean that those who trust God will have an easy time in life, since they too are affected by bad conditions in the world. But they will certainly have more success than others do in coping with today’s troublesome times.

    In addition, such ones will have the assurance of God’s protection during the coming crash, and of surviving into a righteous new system. (1 John 2:15-17; Ps. 37:27, 34, 37) That is why a family in Brazil who learned to trust God states: “Although beset by economic problems, we are a happy family because we know Jehovah, the happy God, and we know his purposes.”
    Paul writes in 1 Timothy 1:11 of “the glorious gospel of the blessed God.” Blessed means happy. So Paul is saying: “the glorious gospel of the happy God.”

    “Raise yourselves erect and lift your heads up, because your deliverance is getting near”

    So, regardless of how severe the money squeeze becomes, there is the sure hope of the best of times directly ahead in God’s new order. Hence, persons who have the right hope based on accurate knowledge, and who trust in God and not in material wealth, can ‘raise themselves erect, and lift their heads up, because their deliverance is getting near.’​—Luke 21:28.

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