We’ve Reached the Point of Debt Saturation – Bill Holter

By Greg Hunter’s USAWatchdog.com

Financial writer and precious metals expert Bill Holter has been asking the same question many others have been asking. How long can the heavily indebted and manipulated global economy go before it blows or can it go on indefinitely? Holter says, “It can’t keep going because it’s already stopped. The inflection point has already been hit. If you look at credit growth, it’s not credit growth. It’s either credit stagnation or credit contraction. The global financial system is a Ponzi scheme. In order to continue to reflate it, you have to have . . . exponentially more debt. That’s where we’ve been, and now we are at the point of debt saturation. There is really no ability to add more debt. Look at the U.S. for example. The U.S. pays $300 billion to $400 billion a year going all the way back to the 1990’s. That number never went higher, even though the amount of debt doubled and then doubled again. The reason it didn’t go higher is they pushed interest rates from 7% down to basically zero percent. So, the debt service amount never grew, and now it’s growing, and it’s growing at a time when the U.S. has basically already crossed the banana republic threshold of 100% debt to GDP. In the past 12 months, we spent $550 billion in interest, and it’s on its way to the moon.”

So, what are people going to do in a world of “exponential debt”? Holter says, “Gold and silver have no liability. They have no liability whatsoever. They are pure monetary assets. There is no currency anywhere in the world that is backed directly by anything except the full faith and credit of the central banks. That’s the key. The world is awash in credit and awash in liabilities, and as this thing bursts, and it’s bursting right now right before your very eyes, and you are seeing it in the stock markets and bigger in the credit markets, when this thing bursts, people are going to scramble to get out from under liability. There’s only one way to do that . . . when credit begins to evaporate, then the cover over gold and silver is going to be lifted.”

There is going to be a reset of this unpayable debt, and Holter says, “It’s going to happen, and I hope for not a very long period of time. I am hoping it’s just a two week or four week event where the system goes down and goes back up. If I am wrong, then you are looking at a Mad Max world. . . . Basically, nothing works. Your electricity doesn’t work. Your car may or may not work. We may have an EMP or it will work until you run out of gas. When credit breaks down, then distribution breaks down. If credit doesn’t come back up, then distribution is gone. That means every Walmart, every grocery store is empty. Basically, you are on your own.”

In closing, Holter warns, “The balloon has already been popped. The pin has popped the bubble, and now we are just going to work its way out. The workout, by the way, is going to be a complete and utter financial collapse. It is a house of cards, and it is all going to end up flat.”

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

(To Donate to USAWatchdog.com Click Here)

After the Interview:

There is much free information and commentary on JSMineset.com. To get more analysis, original articles and podcasts with Bill Holter and legendary gold and financial expert Jim Sinclair, click here.

Stay Connected
Comments
  1. Anthony Australia

    Thanks Greg for this great content and helping me to grasp reality.
    Seeing and hearing Bill makes my day; he makes my mind work harder to be a better person, a person prepared for the worst and take care of my family.

    • Tad

      If the market’s reaction to Powell’s statement doesn’t signal hyperinflation with no budget cuts as PM positive, I don’t know what else will.

      The country is on death watch.

  2. Mungo

    Enough speculation, let’s do this and get it over with. I’m ready, are you?

    • In my pocket

      Hey Mango, what was your theory on building 7 being demolished again? Oh yes by ground tremors LOL.

      • paul ...

        And what caused building 6 to fall into a sink hole?? … or was it that the foundation “evaporated” (by a too intense a microwave Directed Energy Weapon)?

  3. john duffy

    Greg, this is a blockbuster!

    https://www.youtube.com/watch?v=_aevtHHULag

  4. Maria das Santos

    Thanks Mr Hunter and Mr Holter,even more hard times here and present for us peasants.
    Unsurprisingly,Mr Martin Armstrong differs somewhat in his analysis of Gold,so why are these two models so diametrically opposite?
    Again,unsurprisingly,here in the UK our economy sucks,the lies over Brexit are on steroids and the the national broadcaster(BBC) are quite annoyed with us peasants,never mind they are going the way of the Do Do.Why even ministers are taken to talking up our bonds,called Gilts,as they are so desperate to sell these gargoyles to the “next stupid Arab”!
    Just so much negativity on our economy without even trying but of course the Euro economy sucks as does its currency ,and the rich are fleeing.Taxation awaits those who stay.

    • TSI

      Armstrong has flip-flopped on gold too much. At least Bill Holter has been consistent.

    • Freebrezer

      Mds – I don’t think Martin A and Holter differ on gold, I think they differ per when the system goes bonkers. Armstrong pushes the thought that gold is insurance against Government … I do not think that Holter would disagree. The only question is WHEN, WHen, when? I feel like I am at a high school keg party and it is 1:00 am in the morning,
      all the stores and bars are closed, the keg is empty and … … … then someone walks in with a case of beer … And the cheers ring forth … though it was always short lived! Enjoy that last beer!

  5. paul ...

    Holter says: “The global financial system is a Ponzi scheme … in order to continue to reflate it … you have to have exponentially more debt” … look at GE and GM … hard times are already here … as they both have to borrow and go “into more debt” just to close their plants and fire people!! … https://www.zerohedge.com/news/2018-11-27/gm-ge-were-both-victimized-same-ponzi-scheme

    • paul ...

      As the exponential “currency printing process” takes place to keep the Ponzi scheme going … the fiat currency price of gold becomes more and more worthless … now if we can’t get a true handle on the value of the dollar with any accuracy in an exponential expansion of the money supply … how can we ever logically predict the price of gold? … when the value of a US dollar becomes equivalent to a grain of sand … I’ll tell you right now I’m not going to take 10,000 nor 50,000 grains of sand for an ounce of my gold!!

      • paul ...

        err … the fiat currency “compared to” the price of gold becomes more and more worthless …

      • paul ...

        Gold started out at $1,214 today …but then rallied sharply at noon following Federal Reserve Chair Jerome Powell’s dovish stance on the economy (during a speech he gave at the The Economic Club of New York) … Powell’s speech is signaling that interest rates are almost at a peak … so the US dollar headed down … and gold shot past $1,230 … closing at $1222 up $7.70 on the day!!

        • William Stanley

          Paul …,
          Now that we’ve become our own central banks and defense departments, it’s time for us to become our own communications companies, as well as our own electric and water utility companies (you’ve probably already done these things). Can’t vouch for this stuff, but it comes recommended by others whom I trust:

          1. All frequency radio reception (AM, FM, Shortwave, police and fire departments) and, if you have a rather easily obtained FCC ham radio license, short-wave broadcasting. $200 to $450, depending. Software-defined-radio only weighs a few ounces (you plug it into your computer and a tiny reel antenna — I’m not a radio guy but I think this is correct and, along with a few adaptors and the app, that’s all it takes):
          https://www.sdrplay.com/

          2. Easy solar electric generation, storage, and distribution:
          https://www.youtube.com/watch?v=IhygDEvq-Oo

          3. Really cheap water filtration (you can use UNSCENTED liquid bleach if you prefer, or both):
          https://sawyer.com/products/mini-filter/

          • paul ...

            Excellent suggestions William … the American people must take action on there own to protect their families from “the evil commies” that will take our lives, our liberties and our properties … our children (who are indoctrinated by Marxist’s at our schools) should be made to sit down and watch this discussion by “real Americans” to see there is another side to the commie arguments (to take away all our freedoms)!! … https://www.youtube.com/watch?v=V-U-Ov1Ay30

  6. FC

    Trump was always going to be President because that’s how the Globalists had planned it.
    They needed a Republican reality star businessman to take the blame for the collapse/reset and not a Democratic career politician.
    We now have 2 Generations that have been educated in the Liberal dominated education system so their political and economic views have been distorted in favor of socialism and not capitalism.
    Trump is doing everything correct in getting the economy back on track, if he was the President 12 years ago, but not now and the Globalist know it, so whatever he tries to do will fail and will be looked upon by the younger Generations as a Republican capitalist businessman that destroyed America.
    They’ll be voting Socialism for the next 200 years.

    • sk

      LOL, they won’t survive that long. USSR went the way of all flesh in about seventy years…and, believe me, the Russians are a tougher people by far than Yanks.

      • Roger D

        SK, the USSR was not flesh, it was just a government. The people are still there and living in states amongst people who basically share the same traditions, culture and values. They did not need Moscow any more than many States need Washington.

        Take a minute and look at Estonia. It is a far cry from being a Soviet state. Estonia is ranked #6 in Index of Economic Freedom by The Heritage Foundation. The US is ranked #17 and steadily declining. Imagine if Estonia was God-fearing, shared a confederation with other States, adhered to a gold-standard, possessed tremendous natural resources and was large enough (American Redoubt plus a path to the Pacific) to defend itself

        The republic is going down. Fear Not! God gave us blessings of creative and critical thinking and big yellow moving trucks. He expects us use them.

    • Freebrezer

      FC – I disagree – the globalist were banking on the black witch winning(HRC) … not in their wildest speculations did they anticipate Trump getting the POWER they so crave! Trump was a big wrench thrown into their globalist gears … Thank God!!!! Per going socialist, Trump is the counter trend and once he is out you will most likely be correct …. the huge population centers are going and/or are socialist. Though the hart land will not support it, and this will spell … HUGE civil strife … if not civil war between those that produce and those that consume. I pray that Trump can stay in the POTUS until 2024 … Interesting side note; In 2017 was the total eclipse across America – Trump wins; In 2024 another total eclipse passes across the eastern USA … Hopefully the year Trump retires from office.

      • A Bird In The Hand Is Better Than Two In The Bush

        Freebrezer;
        “The Nations Shall Have Know That He Is Jehovah”​—How?
        A brother, a friend said: “It’s the most exciting preview of things to come that I have ever read!” What was he referring me to?
        To read the book of Ezekiel from start to finish. You cannot help but be in awe of this heavenly part of God’s organization. No doubt you will also be amazed at the lofty standards Jehovah God has put in place for both those in heaven and those on earth who wish to worship him acceptably. Pure Worship will help enhance your appreciation for what God has already done for you, as well as for what he will do for you in the near future. You will notice that this book emphasizes two themes over and over again. First, in order to please God, we must know and acknowledge him as the Universal Sovereign. Second, we must worship God in the way that he approves, bringing our lives into harmony with his lofty standards.
        It is my heartfelt desire that this book from the Bible will strengthen your resolve to worship God in a way that honors his great and holy name. At the same time, may it encourage you to keep in expectation of the time when all the nations will have to know that he is Jehovah.​—Ezek. 36:23; 38:23. American standard Version
        May our loving Father, Jehovah, richly bless your efforts to understand the book that he inspired the prophet Ezekiel to write.
        Your brother and fellow USAWatchdog,
        watching and waiting,
        Boris Bad Enough!
        P.S.
        “And the man said unto me, Son of man, behold with thine eyes, and hear with thine ears, and set thy heart upon all that I shall show thee; for, to the intent that I may show them unto thee, art thou brought hither: declare all that thou seest to the house of Israel..”​—EZEKIEL 40:4

        Thus saith the Lord Jehovah: I do not this for your sake, O house of Israel, but for my holy name, which ye have profaned among the nations, whither ye went. 23 And I will sanctify my great name, which hath been profaned among the nations, which ye have profaned in the midst of them; and the nations shall know that I am Jehovah, saith the Lord Jehovah, when I shall be sanctified in you before their eyes. ◄ Ezekiel 36: 22-23 ►

  7. Mark James

    Just to reinforce the comments on Haiti… lest we never forget the Clinton GREED: Haitian President EXPOSES the Clinton Foundation & Hillary – from Sep 18, 2016

    https://www.youtube.com/watch?v=CiAgOuVbask

    “Not even 2% of that money went back to Haiti. So Mr. Trump, we are asking you, begging you, the Haitian community will side with you if one day, you ask Hillary Clinton publicly to disclose the audit of all of the money they have stolen from Haiti in 2010 after the earthquake. Haiti is a very poor country. Haiti needs defenders. You said you would champion our cause. We welcome you sir and we will work with you. Ask Hillary Clinton publicly, during your next debate for an audit of all of the money they have stolen from Haiti.”

    Here is what Donald Trump said in the debates: Donald Trump on Clinton Foundation: “a criminal entreprise, what happens in Haiti is a disgrace” on Oct 19, 2016

    https://www.youtube.com/watch?v=40CA5GClvIw

    Listen to the end, Trump says, “They [Haiti] don’t want your help!”

    • my oh my

      Trump better deliver something tangible like heads on plates after all his crap.

      • Greg Hunter

        My,
        Isn’t the deep state, RINOs, globalists, Dems and MSM serving up the “crap”? Not Trump who makes $1 per year!!
        Greg

  8. mike

    Bill says there’s no more ability to add more debt because we have reached “Debt saturation.” That concept was relevant in previous decades when spending was responsible, when governments, bankers and accountants were mostly honest and when the public were concerned enough to hold their representatives accountable. None of that exists today and so “Debt saturation” is no longer a factor in this surreal, fraudulent, financial and economic system. Bill says, debt servicing is becoming impossible because interest on debt is “on it’s way to the moon.” As we have been told many times, America has been to the moon and back many times and so the Government has no problem taking interest on debt to the moon and back several times. The elite money-grabbing 1% will continue their robbery for years to come because they have convinced the populous to trust that their representatives, democracy and banksers do the best they possibly can for the good of everyone.

  9. Jack

    Bill is an affable , perceptive person and compulsive viewing. He is right again as they raise rates on a system that needs exponentially more debt to exist in this form.We are starting to see conflicts in the Ukraine and threats against and from China which will be the cover for an economic crisis.
    I trust no Govt on this planet because they all think alike in enslaving their own people by creating money as debt.
    My last question. How can we be so advanced scientifically in , computers,robotics, psychics, chemistry and other technologies, but be so stupid in economics and what really matters in terms of family and social cohesion ?

    • Adam

      Good question

  10. Don Barlow

    https://www.youtube.com/watch?v=G6RfJcJHotE
    The Baby Boomers Time Bomb, tick , TICK!
    Are Baby Boomers in for a rude shock?

  11. Robert Dziok

    Are the just announced multiple GM plant closings really a surprise to anyone? GM used to promote and have top leadership based on MERIT and most often having automobile Engineering/Design background. They were also car enthusiasts. Then they went the PC SJW route and hired via “affirmative action” ( much less qualified in reality ) Ivy league MBA’s to run the ship. So Pontiac ended up in the end with an Ivy league MBA female who eventually ran the company to it’s destruction, bankruptcy and closing. Her big contribution was the Pontiac Aztec which is now considered the second biggest flop in automotive history only beaten by the Ford Edsel.
    Also, GM now has another CEO PC SJW “affirmative action” female Ivy league “bean counter” who knows squat about the automobile hobby and interest. Just look at what GM just did to the front of the 2019 Camaro! People aren’t stopping saying how UGLY it is ( e.g. YouTube ). GM is now pushing a BS mid engine Corvette contrary to it’s rear wheel drive heritage. That’s not what people ever wanted in the sports car and it will be a flop.
    Pontiac in the end under affirmative action leadership was too blind to even see they could have come out with a larger size retro styled GTO, Firebird and Trans Am. That move by Dodge proved quite profitable with it’s Challenger and Charger. Pontiac’s last offerings were a pathetic joke in terms of size. The last GTO looked like an “Easter Egg” I could put in the trunk of my “66 GTO. It was just a somewhat mechanically modified version of some foreign made rear wheel drive car they had rights to and they just slapped the GTO label on it.
    Lesson to be learned is that it is not wise to ignore REAL Merit/Accomplishment. Would you REALLY want some PC SJW who got into and through medical school on the affirmative action/diversity plan ( i.e. least/not qualified ) doing a surgery on you? If you do then you deserve what you get. Pontiac and GM (as well as many others ) did.

    • Handtalker

      Wasn’t gm CEO considered for VP for Hillary? Maybe timing for this gm issue planned to again bash Trump.

    • Roger D

      @Robert Dziok, Detroit=Unions=Communism=Junk Products.

      I visit Florida in the winter. Most Snowbirds in the area are retired from Michigan. They are driving brand new Toyotas. Like Grandma used to say, ‘Democrats refuse to eat their own cooking’.

  12. Jerry

    Greg,
    To underscore what Bill is saying, take a look at this news release.
    https://www.rothschildandco.com/en/newsroom/press-releases/2018/10/24/rothschild-and-co-signs-agreement-sale-of-trust-business/

    The deal is to be finalized “ when” ? The first quarter of 2019. When does President Trumps court martial EO go into law? 01/01/2019. I’m not making a prediction, but boy the needle is sure pointing toward the first quarter of 2019.

    Wrap your mind around who the Rothschilds really are. For all intents and purposes they along with the City of London Corporation own the Federal Reserve Bank, and are the principle financial backers of the Peoples Bank of China. As I’ve been documenting China is the new host for the global vampires. America has been drained of all its wealth. That’s why we have to print money out of thin air. That’s what you do when you have no real assets left to take loans out on.

    • ConcAmDad

      Looking forward to links hinting at the witching month of October 2019 for turmoil. The dow rips up 500 as worries are erased by a friggin fed chair statement…. the BS just goes on and on and on…….. Holter and others love to save “when confidence is lost”. Who has confidence- who out there doesn’t know it is a heaping pile of bull$#!t!! A farce and a royal @$$ ripping of we the people. .25 point hikes are a joke- rates are nowhere near “normal”.we have had emergency conditions for decade now and nothing changes.
      So sick of BS!

    • Freebrezer

      Hi Jerry – good take by Kyle Bass: https://www.cnbc.com/video/2018/10/23/watch-cnbcs-full-interview-with-hayman-capitals-kyle-bass-fiduciary-china.html … he sees it a bit different.

      • Freebrezer

        The China discussion starts around 7:00 min

  13. Charles

    I was an admirer of Mr Sinclair. Then I bought TRX stock in the company he runs. Enough said.

  14. james

    Isn’t this from 2017, 2016, 2015, 2014??? sounds awfully familair, still nothing happends that is predicted. Maybe 2019 you can just repost, as well as in 2020. The only thing thats going to happen, IS CHANGE, and nobody knows what thats gonna be. Next

    • ConcAmDad

      Agree- nothing new here. Same points as 2014.
      I really wish Trump had stuck with the truth about the phony numbers and bubbles rather than talking about how great he has made things- and the criminals are all still free.

  15. al

    Basically it’s a reboot. Reboots reset but can take a while to gracefully reset the system.
    He talked about 2 resets. SDR then Gold. That may take a while…

    As Holter infers in this interview towards the end, justice is coming back, to me that’s a reboot signal. We’re rebooting! Kavanaugh and Whittaker was the signal.
    Once the process in in place, no one can stop it. (I sound like a Q post LOL. )

    Now for the timing. If I were Trump I would look at the increasing interest cost and put a stop to that before it gets out of hand. I would have my cross-hairs on the Fed.
    Don’t get on Trump’s cross-hairs, because he’s a deadly shooter.

    Thank you Greg for having Holter on because he makes more sense to me. He’s not a debater throwing ancillary issues at you to try and sound exceptionally smart. He doesn’t negate anything you say to look like he has the intellectual upper hand, he states easy to understand facts and figures which make sense!

  16. paul ...

    Once this exponentially increasing fiat currency system goes bananas “and people realize” we are no longer a republic but a socialist/commie/fascist banana Deep State dictatorship … try buying real money (gold and silver) with your “IOU a Debt” pieces of paper issued by the socialist/commie/fascist banana Deep State dictatorship… any true re-set that backs the new fiat paper (or new crypto electrons, or perhaps sea shells, or tulip bulbs) with “real money” will the financial system work again … however … as long as Demons are running our government they will never accept “God’s money” as our Nation’s currency … so the indictments must begin … once all the demons are arrested … we can begin to get our Nation back under God’s rule … where morality and the rule of law once again applies!!

    • paul ...

      Trading crypto (that is not backed by gold) is a fools game … yes it can rally back to the tread line at about $6500 … but it will likely crash from there … as paper, electrons, tulips, sand, etc. have no real physical intrinsic value the way gold and silver do!! … https://www.clivemaund.com/charts/bitcoin3year241118.jpg

  17. paul ...

    Now … this is more like it … https://www.zerohedge.com/news/2018-11-28/trump-mnuchin-call-gm-pay-back-federal-bailout … next thing to do Trump is have the Banks pay back their federal bailout!!

    • paul ...

      Then to get the economy growing Trump you must revise the “fake CPI” to reflect true inflation … then eliminate the Federal Income tax … and eliminate all taxes on real estate … as the government just prints the money it needs out of thin air anyway … “so why hold the economy down with taxes” (that prevents people from buying things) … taxes put an undue damper on the economy just like rising interest rates … then bring all our troops home so they can spend their money here instead of overseas and you will likely see GM turn around and start building their cars right here at home!

      • paul ...

        Trump … you promised us a 10% income tax cut to take effect in Nov 2018 … now with the House lost I guess your hands are now tied … but you have the power to abolish agencies as a matter of National Security … so why not abolish the IRS … and eliminate all income taxes off the backs of the American people!!

  18. Andy

    Greg, what Bill doesn’t get is that there are platforms being made to replace banks, Wall Street, payroll services, invoicing, and it goes on and on. These are the tokens that are not crypto currency. Sure the government will come out with a crypto but the cat is out of the bag. We already accept many cryptos at our dental office. They can’t stop that without turning the switch off. They would have to get rid of the internet but even then, an alternate internet is being made now. The government can not control this. This is worldwide, and people are sick of the governments and their corrupt ways.

  19. paul ...

    When it comes down to Russia’s vital interests they don’t fool around … they bring in S400’s … https://www.zerohedge.com/news/2018-11-28/russia-deploys-s-400-missiles-crimea-military-showdown-ukraine … so why doesn’t Trump send our Microwave Crowd Dispersing equipment to the Mexican border? … instead of using ineffectual tear gas and barbed wire??

  20. Justn Observer

    Greg and Bill, Good interview and the laughs…POT OF TURDS?
    Could only retort with what POTUS Trump might have on his mind about now: https://youtu.be/sen8Tn8CBA4

  21. paul ...

    As God said: “Thou shall not have false gods before me” … thankfully it looks like we are finally trashing Sore Ass (who wants to be our god) as the Lord commanded!! … https://www.zerohedge.com/news/2018-11-27/have-we-reached-peak-soros

  22. Russ

    Thanks Greg. A debt/monetary reset of some type is coming, it’s just really hard to say what form it will take. There are a lot of moving parts and a lot of resistance by people who are doing well with the status quo.

    It needs to happen soon though so that there is some level of control for a soft shutdown and restart. Taking it to the very end and letting it all crash on its own – an uncontrolled hard shutdown – with no mechanism for a restart, puts us in that Mad Max scenario so many fear. Have faith, we won’t go there.

  23. Rock

    Thanks Greg. Bill is one of my favorites.
    Bill, what is the thinking on why American Eagles will be safer than Canadian Maple Leafs or Krugerands if there is a confiscation?

    • Kim

      Maybe the USA coins will be considered part of our currency while the other countries PM will not?

    • my oh my

      I guess he is thinking that national mints (and their respective governments) won’t be willing/able to confiscate coins that they sold as this may be breach of contract.

    • donna s.

      Rock,
      I was wondering the same thing. Can anyone tell me?

    • paul ...

      Bill … you say: “holding US coins is better then holding foreign coins” … what I want to know is why the US Government can confiscate the gold and silver coins of another Nation not under their jurisdiction?? … I would think a foreign coin would be safer then an American coin???

  24. iwitness02

    When my nephew was in Fallujah, we sent him a care package. At the post office I had to fill out a customs form for the care package. On the form, it wanted to know the value of the contents. I had to check a box to indicate the value in USD, or SDR.
    I believe Bill is correct in saying the SDR is likely to be the first replacement for the FRN.
    If distribution stops, and everything fails, that will be a severe difficulty for most everyone. However, should my family and I live to come out the other side, I believe that what we find on the other side will be reality. All the lies will be put to rest, along with the lame stream weasel corps media. The corruption enforcement officers won’t have any more corruption to protect. Hallelujah! Criminal policy makers all gone!
    Great interview. Many thanks, to both Greg and Bill.

    • A Bird In The Hand Is Better Than Two In The Bush

      The Other Side?
      However, should my family and I live to come out the other side, I believe that what we find on the other side will be reality. All the lies will be put to rest, along with the lame stream weasel corps media. The corruption enforcement officers won’t have any more corruption to protect. Hallelujah! Criminal policy makers all gone.
      Dear iwitness02,
      You brought happy not crappy, tears to my eye’s!
      https://www.youtube.com/watch?v=5bzZY0QBZfg

    • Chip

      My wife works for the post office and says that SDR used in that context is “Seguro Di Nero” which is a way to send currency securely internationally… Chip

      BTW good interview Greg/Bill

  25. TSI

    Just a quick thought. Did anyone consider the possibility that the Fed is lying and creating money to buy bonds without declaring it?

    • paul ...

      If true it will keep the US dollar “strong” … where the definition of strong according to the elites is that the dollar becomes more and more worthless … sort of like the definition of peace by the elites is to have more and more wars!!

    • William Stanley

      Hi, TSI:
      Yes, and also whether their data on money velocity can be trusted. Note that money velocity is the inverse of the ratio of M2 money supply to (quarterly?) GDP. https://fred.stlouisfed.org/series/M2V
      In other words, velocity is the inverse of average money balances per GDP (multiplied by, essentially, 4?). If the Fed were secretly buying Treasury bonds it would tend to show up in the money supply and money velocity numbers — unless the Fed were lying about those, too. I don’t see any apparent evidence in the money numbers that the Fed is secretly buying Treasury bonds.
      Now, for your idiosyncratic self defense needs: Have you considered chainmail
      such as this coif:
      https://www.medievalarmour.com/riveted-flat-steel-chainmail-coif
      and say a chainmail “t-shirt, gauntlets and arm bracers (maybe just for your left arm)? Hide them under your Burberry, a scarf and some big gloves. Then, add a small but powerful (say 500-1000 lumens) tactical flashlight (torch to you?) to temporarily blind your attackers and you’re way ahead of the game for your daily commute (might have to change out in private at work).

      • William Stanley

        Oh, TSI, stick to the flat riveted chainmail.

      • William Stanley

        Oh, #2. Velocity has greatly dropped over the last ten years or so. So money balances per GDP have gone up. Whatever might that imply? LOL

        • William Stanley

          Oh, #3,
          The LOL is at myself, TSI, not you.

        • William Stanley

          Oh, #4,
          Upon closer inspection, I see the Fed doesn’t use an estimate of annual GDP. So no need for any multiplying by 4.

          • William Stanley

            Or is there?

      • TSI

        but surely any statistic can be made up including the money supply. Thanks for the fashion advice. I always wondered how they go to the toilet in chain-mail. For me the biggest deal breaker.

        • William Stanley

          TSI,
          Some little-known facts relating to your point about chainmail:
          1. The Scots, despite their kilts (or, maybe, because of them) were high-speed low-drag operators. I think we can guess why; and why they always carried an extra pair of stockings.
          2. The military color khaki was developed for camouflage purposes (we know what they were hiding). The US military took it to a higher level by developing its desert-tan splotchy camouflage and, in a psyop, changed the name from khaki to “coyote tan.” It improved troop morale.
          3. Special Operations troops “go commando,” i.e., no underwear, because their pants dry faster that way.

  26. Kim

    Thank you for the informative interview! Bill mentioned that the credit bubble has popped already. Not sure, what are the indicators that show this has occurred?

    Perhaps the Dam has burst and those of us downstream, do not know it yet?

    Maybe the rules have changed and the abstract digital dollar, is what we are dealing with and the physical paper dollar is just a slowly fading way to live? Although I was at a small local grocery store and their cash registers went offline. The only way to pay, was if you had cash until they fixed it.
    It appears we live in an age transition; where we are required to have one foot in the old way and the other foot in the new.

    Be prepared; if you do the homework, the test is easy.

    • Kim

      Saw about half a dozen “chem trails” this morning. Will patiently wait and watch to see if there is a shooting within the next 7 to 10 days. Just seeing if there is a correlation in this observation.

      Is this a type of nonsensical guerrilla warfare that we have unfortunately become slowly accustomed to? Like frogs in a boiling pot of water, becoming unaware of our situation before it’s too late?

  27. Grosse Point

    The Hunt brothers were blamed by the Feds of trying to corner the Silver market when in fact the Solomon Brothers where responsible and Warren Buffet was directly involved.

    • paul ...

      And now JP Morgan Chase has accumulated ten(10) times as much silver as the Hunt brothers ever did … and there is absolutely no talk of them trying to corner the Silver market (back during the time of the Hunt brothers the banksters were on the wrong side of the trade … now … they are on the right side of the trade)!!

  28. Don Barlow

    I Found A New Recession Indicator That Says LOOK OUT BELOW
    https://www.youtube.com/watch?v=NCwRkC9Hhxc

    • William Stanley

      Thanks, Don, that was very interesting. It even makes sense.

  29. H. Craig Bradley

    ETA “DEBT SATURATION”

    Premature. When U.S. National Debt gets up to say 30+ Trillion in Ten years or so, then you will be saturated. In a few years, CBO forecasts $2 Trillion dollar annual Federal deficits. If interest rates were to continue to move up each year, debt payments may balloon. Saturation is when your interest rates suddenly leap to 10% overnight, as Economist Martin A. Armstrong has repeatedly said (forecasted). Until then, not saturated.

  30. Dads Root Beer

    Crooked Bob Mueller Wants To Charge Jerome Corsi With Perjury Because He Forgot About A Forwarded Email
    Not one thing in the email correspondence is criminal. So, a 72-year-old man forgot one email out of literally thousands. So what? It wasn’t even about anything criminal in nature. Should he really go to jail for six months and pay nearly $10,000 for that?
    TIM BROWN — NOVEMBER 28, 2018
    https://freedomoutpost.com/crooked-bob-mueller-wants-to-charge-jerome-corsi-with-perjury-because-he-forgot-about-a-forwarded-email/

  31. Hoosier river rat

    Hey ,Paul, good thinking , I have some gold and silver ,but I’ll round out my preps with some tulip bulbs. Oh , and then I’ll get some onion bulbs which are the vegetable eqivilant of silver. Then if the value of a dollar will be equal to a grain of sand ,as you predict ,I can always break open my hour glass in case I need to buy a loaf of bread.

    • paul ...

      Hoosier … instead of that loaf of bread you may want to consider buying a steak before the price is raised … in a journal published this week called “Appetite” there was an article that found people of lower in socioeconomic status showed a strong preference for meat-based foods (compared to people on a higher socioeconomic scale) … seems rich people are getting jealous … so they are now thinking of imposing a 175% tax on all red meat (supposedly to save lives) … although they continually start wars and kill millions … perhaps we should impose a 175% tax on the cost of all the wars the elite create!!

  32. Peter

    The stock market took a huge turn upward today and millions have seen their retirement accounts increase in value. Whether it will continue is unknown, but the middle class was rewarded today and there was nothing phony about it! Gerald Celente did state that if interest rates were not raised it was possible that the stock market might charge ahead. I’m not sure Trump really had any influence on the fed’s decision to not raise rates, but he deserves the credit as he is in charge.

  33. A Bird In The Hand Is Better Than Two In The Bush

    Economic Problems​—What Solution?

    “FROM what source are there wars and from what source are there fights among you?” asked the Bible writer James. 4“What causes fights and quarrels among you? Don’t they come from your desires that battle within you? 2 You desire but do not have, so you kill. You covet but you cannot get what you want, so you quarrel and fight. You do not have because you do not ask God.” (James 4:1, 2) NIV. Does this not ring true? Is not the real problem man himself? Does not his insatiable desire to possess things cause economic conflicts?

    It is greed for profit, not unselfish concern for one’s fellowman, that has caused bankers to lend such enormous funds to countries that cannot pay them back. And the Bible roundly condemns such profiteering. (Nehemiah 5:1-11; see also Exodus 22:25.) It is greedy self-interest that prevents the nations from cooperating together and working out a solution.

    Since the Bible has so accurately described the emotional factors that lead man into such difficulties, it should not surprise you that it also predicts the outcome of the problems, economic and other, that beset the nations today​—the complete demise of the present world system. This will come right on the heels of a proclamation of “Peace and security!” A nightmarish period of time called the “great tribulation” will expose, among other things, the worthlessness of trusting just in the material goods that people have feverishly accumulated. “They shall cast their silver in the streets, and their gold shall be as an unclean thing;” Imagine! Even gold and silver being viewed as worthless at the time. But will this merely be because of stagflation/deflation, whatever? No, for the prophecy continues: “their silver and their gold shall not be able to deliver them in the day of the wrath of Jehovah:”​—Matthew 24:21; Ezekiel 7:19. ASV.
    It surely will be a ya ha moment for most and unfortunately curtains for most.
    True Christians, however, do not fear that day of execution of divine judgment, nor any accompanying economic collapse, nor should you! They and you should know that the “great tribulation” will culminate in the destruction of this wicked system of things, which will be replaced by a righteous new government of God. Yes, his Kingdom, Jesus Christ told us to pray for.”May your Kingdom come soon. May your will be done on earth, as it is in heaven”. (Revelation 21:1-4; see also Daniel 2:44 & Matthew 6:10 NLT) This government will bring real economic security to all earth’s inhabitants.​—Isaiah 65:21-23.

    Faith in this coming government helps us to cope with these harsh economic times realistically. We recognize that pursuing a materialistic course alone can make one forgetful of God. (Deuteronomy 8:10-17) Instead, were aware of the importance of pursuing the values espoused in the Bible. This acts as a protection for us. During times of unemployment many are willing to take on more menial jobs that others might disdain. (Ephesians 4:28) Persons who really apply Bible principles are comfortable with a simple life-style. And like the writer of Proverbs 30:8, they pray: “Give me neither poverty nor riches.” So, rather than living beyond their means, they are happy to have merely the necessities of life. They know the Bible condemns excessive debt, and they thus use self-control with credit cards and charge accounts.​—Psalm 37:21.

    God loves us, to share our faith with study of his word the Bible. In this way not only will we be prepared for the world’s coming tribulation, including economic collapse, but we’ll find joy and contentment even now, in these ridiculous and trying times!

    • Donald

      “It surely will be a ya ha moment for most and unfortunately curtains for most.”

      Yep. All those who dismiss the Bible as just some old book, preferring instead to believe the relentless stream of lies that they have been force fed for centuries now, will be in a stupor at the time all of this is brought to its rightful conclusion.

  34. Dads Root Beer

    There’s No Such Thing as “My Truth” – Only THE Truth
    Trust is the foundation of society. Where there is no truth, there can be no trust, and where there is no trust, there can be no society. Where there is society, there is trust, and where there is trust, there is something upon which it is supported.
    CENTER FOR SELF GOVERNANCE (CSG) ADMINISTRATIVE TEAM — NOVEMBER 28, 2018
    https://freedomoutpost.com/theres-no-such-thing-as-my-truth-only-the-truth/

    • William Stanley

      DRB: Well said and very deep!
      Note, also, the etymology of the word “credit,” i.e., trust.

  35. Anthony Australia

    Vote One Nation Australia
    https://youtu.be/hLCytB4I59c

  36. Mike R

    Well for anyone who was wondering whether the Fed was ‘done’ supporting or propping the US stock market, today you got your answer. Clearly, the FED PUT is highly relevant, and still in place. All of the major indexes were right near critical support, and boom, the Fed jawboned a massive bounce, merely by saying rates were close to ‘neutral’. A month ago this same fool uttered the words that we were no where close to ‘neutral.’

    It looks to me like we are now going to see the animal spirits kick back in, and another 2 to 3 year rally in the markets continue on.

    Trump isn’t going to let any ‘crash’ or ‘reset’ occur on his watch, and we saw the power of his influence, through whatever means necessary, even using Jim Cramer into brow beating Powell into public submission, by uttering absolutely moronic things like he ‘doesn’t like the market.’ Its all code for the traders to go risk off again, and resume the advance higher.

    Either Powell was attempting to pull off the lamest act of the 21st century in pretending he was a ‘hawk’ and ‘independent’ of the President, or someone told him he’d the proverbial bullet through his skull if he didn’t put the brakes on his rate hike campaign.

    • paul ...

      If rates have peaked … the dollar has peaked … and gold has bottomed!!

    • Anthony Australia

      Agreed, this has got a long way to play out yet.

  37. paul ...

    Trump … don’t treat us like children … we need to be told what evil has been going on in this country!! … https://www.zerohedge.com/news/2018-11-28/trump-threatens-declassify-devastating-docs-if-democrats-investigate-him

  38. paul ...

    You know … isn’t providing money to the Military/Industrial Complex to abort our 18 year old kids in unnecessary wars … just as evil as providing funding to abortion providers?? … https://www.zerohedge.com/news/2018-11-28/ron-paul-lets-opt-out-federal-governments-schemes

    • Roger D

      Paul, if Americans truly loved our soldiers they would be screaming ‘Bring all our Troops Home Immediately! But they cling to their agendas and/or ignorance. Most call themselves ‘Christians’. What a joke. And their ‘pastors’ are not shepherds but hirelings just as Christ warned. They make this old coot sick.

      If United States Marine Corps major general Smedley Butler was here today, that would be his message. Who was Smedley Butler? He was major general, the highest rank authorized at that time, and at the time of his death the most decorated Marine in U.S. history. He is author of ‘War is a Racket’.

      Folks can continue believing and supporting an evil government that uses the US military as pawns, or they can spend a lousy $5 and get the truth.

    • William Stanley

      paul …,
      Take it as a complement that I chose to dump this on you. It hints at the connections between natural growth, compound interest, the number e, the “imaginary” number -1, trigonometry, and cycles (including, perhaps, both the credit/economic and the predator/prey cycles).

      Compound Interest and the Number e
      http://www.intuitive-calculus.com/continuous-compound-interest.html

      Euler’s Formula for Complex Numbers
      https://www.mathsisfun.com/algebra/eulers-formula.html

      Predator/Prey cycles
      http://algebralab.org/practice/practice.aspx?file=Reading_PredatorPrey.xml

      • William Stanley

        Square root of -1.

        • paul ...

          William … the sq rt of -1 equals something “imaginary” like the value of the US dollar (call it i) … while the sq rt of +1 equals 1 (something “real” like the value of gold) … the banksters want us to believe that something imaginary is as real as gold … so they multiply their US dollars (i *i) which equals -1 … which is the exact opposite of gold which equals 1 … but when banksters do math (-1 = 1) … therefore that missing -$21 Trillion is considered a positive +$21 Trillion “on their books” and thus with fractional reserve banking they can print up ten times more money or -$210 Trillion in derivatives to keep their imaginary monetary system from collapsing!!

          • William Stanley

            I knew you would get it! Complex numbers have a real part and an imaginary part. Yet the imaginary part describes real phenomenon, like the predator/prey cycle.

  39. Ken

    Greg,

    I pray that I am wrong in my assessment of the current political situation. Both you and Mr Holter agreed that the indictments need to be presented before the Republicans relinquish control of the house. But it looks like the Democrats have managed to drag this out long enough to make it the political equivalent of a Mexican stand off.
    The message to TRUMP ….” We will stop attacking your Elephant if you allow our Donkey to live! In other words we want a cease fire. Sad but this is just the way of the world….until it it doesn’t work.

  40. Tim McGraw

    What? No aliens in Saturn’s rings? LOL! Nobody knows what is going on really. I think the bureaucracy has become some giant beast that has lost its tail and yet doesn’t know it is already dead as the nerves from the tail are so long away from the brain.

    I’m enjoying every day as I know it may be our last.

    Plan ahead for what?

  41. Hoosier river rat

    Paul, not only sacrificing our kids to the military ind. complex,,but to the public school system and most private schools at that. Many schools and university’s have produced intellectual casualties and together with the deep state media’s continual barrage of bull to further the brainwashing the assault may be final after one more generation. Why shoot and bomb when you can brainwash and manipulate. This may be our darkest hour but I am reminded of the old Scottish axiom: that the darkest night cannot extinguish the smallest flame.

  42. ANON for Today Only

    CONFISCATION !!??
    Hi Greg, jeepers when I heard Bill make that comment I freaked. Do you actually think this would happen? We know that someday it is stated they will throw there gold and silver into the streets (The Mark) but for the none wealthy as myself this is very disconcerting. There is a difference between confiscation and turn in as in EO 6102 in 1933. Any thoughts Sir?

  43. Dr Darryl Jewett

    Thanks, Greg, for interviewing Bill Holter. As usual I think he provides helpful insight about the problems our economy is experiencing.

    “We’ve reached the point of debt saturation…” Bill Holter

    Hey, Bill: no we have not. Wanna know why? I’ll give you a hint… SLAVERY!!

    As long as there is slavery, there can always be debt. The more debt, the more slavery.

  44. Donald

    “There is really no ability to add more debt.”

    Actually there is no limit to the amount of debt that can be added given that much of this recent debt was simply met with the creation of new money as opposed to old money obtained from markets. What the problem here is this – the two big drivers of the US economy are housing and autos. With interest rates rising, fewer and fewer people are in a position to take out a mortgage and buy a house. Consumers are also struggling with a relentlessly rising cost of living (inflation). This and their holding of too much debt is dampening consumer spending and the purchase of new autos. So people are shutting down in making loans and this is slowing the economy. And a major factor as to why we have this problem is private central banking, which should have ended centuries ago. Its incomprehensible how central banks are allowed to charge interest for money they created out of nothing. Its also incomprehensible how its up to the central banks to set interest rates.

  45. Gary

    “What does a ‘Mad Max’ world look like?”

    Daniel 12:1 —
    1) And at that time shall Michael stand up, the great prince which standeth for the children of thy people: and there shall be a time of trouble, such as never was since there was a nation even to that same time: and at that time thy people shall be delivered, every one that shall be found written in the book.

    We should be preparing, because this time is coming. The sands of time are fast slipping through the hourglass. God has graciously given us time to develop a relationship with Him. Isaiah 55:6-7 says: “Seek ye the LORD while he may be found, call ye upon him while he is near: Let the wicked forsake his way, and the unrighteous man his thoughts: and let him return unto the LORD, and he will have mercy upon him; and to our God, for he will abundantly pardon.”

    Remember the 10 virgins of Matthew 25:1-13. Five were wise and five were foolish. Why were the foolish virgins shut out of the feast? Because Jesus did not “know” them. They were Christians and they knew the Bible (see Psalm 119:105) but they did not fall upon the Rock, Jesus Christ, and permit their old nature to be broken up. “And they come unto thee as the people cometh, and they sit before thee as my people, and they hear thy words, but they will not do them: for with their mouth they shew much love, but their heart goeth after their covetousness” (Ezekiel 33:31).

    By beholding we become changed (see 2 Corinthians 3:18). Does Christ have our best thoughts? Are we spending time daily with Him in prayer and study of His word? Are we seeking to treat others as He did? Are we sharing the message of truth while there is still time? Is our allegiance with the God of heaven or are we permitting this world to change us into its image? (see Romans 12:1-2).

    It is in a crisis that character is revealed. We know the crisis is coming. Those who delay preparing will one day have an agony of soul that no words can describe (see Amos 8:11-13). May God continue to bless us as we seek His face.

  46. paul ...

    This raid may be aimed more at Trump’s son in law for perhaps (illegally??) getting his property taxes reduced! … https://www.zerohedge.com/news/2018-11-29/feds-raid-trumps-former-chicago-tax-attorney-and-city-alderman-seize-documents

  47. Barn Cat

    Bill Holter is my favorite guest. That said, I don’t believe for one second that the Fed is reducing its balance sheet. I don’t care what their reports say. Who in their right mind would buy Treasuries at 3% when real inflation is 10%?

  48. Susie Alvord

    Hi Greg,
    Your guests are great! Please bring back Edward Warren Pollock. Thanks so much

  49. James Sullivan

    Damn….i never comment on other blog sites….
    But i do like your interview style …let your guests speak more than you…
    I’m shortly achieving the rare age of 69, and that should be some kinda event (nudge, nudge, wink, wink) …
    Let’s face it: The greedy bastards have won… the refloating of the TBTF said all we should have needed to hear. We understand the mathematics of a ponzi scheme ….we know it cannot last forever ….and when it finally fails…., well, it will be ‘difficult’, depending on who is in charge of the nation.
    I had an unfortunate accident with my modest silver horde. The canoe i transported it in was not reliable. …such is life.

    • Greg Hunter

      James,
      “They” have NOT won.
      Greg

  50. Anthony Australia

    More propaganda by the MSM. I say this; they are definitely gearing up for a crash and already deflecting where the real attention should be given.

    https://www.theage.com.au/business/markets/how-trump-could-make-the-next-global-financial-crisis-even-worse-20181130-p50ja6.html

  51. paul ...

    Wow … now we can do gene editing of embryos … perhaps we can now remove or turn off the “immoral genes” that the Annunaki placed into our genetic code when they took human women as wives … imagine … just like was done to the Virgin Mary to create Jesus we can now produce a whole population with the moral character of Jesus (of course this technology can also be used for evil purposes creating more evil Demons)!! … https://www.zerohedge.com/news/2018-11-26/first-gene-edited-babies-claimed-china-spark-outrage-condemnation

  52. Watch on the wall

    COMEYS REVENGE!
    EXCLUSIVE: FBI Raids Home Of Whistleblower On Clinton Family Blasey Fraud Foundation, Lawyer Says – The Daily Caller
    https://www.google.com/m?q=whistleblower+dennis+mueller&client=ms-opera-mobile&channel=new&espv=1

  53. Paul from Indiana

    Anybody remember “Star Trek”? “Space: the final frontier…” the narrator intoned. Well, when we ditched out of gold forever in 1971 as Mr. Nixon closed the gold “window”, we entered into our final frontier: the land of funny (fiat) money, and the policy became adding zeroes. We likely didn’t understand the implications of what all that meant. At the time (70s and 80s), it was thought, and I concurred, that several BILLION in debt would surely crash the system! And in normal economic and financial settings , it would have. In the 40 or so years hence, we have added zero after zero, leaving millions behind for billions, then billions behind for trillions, and soon, likely, quadrillions. It’s actually policy now, as we plunge ever deeper into our “final frontier”. While waiting for our own Godot, the great crash, I have become an old(er) man, now 66, and while I was waiting, life happened. While I am still waiting, I wouldn’t be surprised if death happened! We all know it “can’t go on forever”, but will you make “forever”? You know the answer to that. Here’s my take on it for what it’s worth: the world realizes that the US is taking advantage of it, but the world still wants us, the USA, around. For that, they allow us our deficits, our loaning money into existence, our exporting of inflation and enriching ourselves at the expense of the universe, our irresponsibility, all of it. What we all need to watch for is when the world no longer feels, believes, fears, wants, whatever it is they think the US is providing. That’s when the worm turns. So long as the world needs/wants us, the party goes on, and we doomsdayers are patsies. Meanwhile, focus on life that is getting away from you. I know the system doesn’t make sense to you. I get it; I understand it, but accept, or at least deal with, what you can’t change. Merry Christmas and Happy New Year to all Watchdoggers. Best always. PM

Leave A Reply

Please Note: All comments are moderated and manually reviewed for spam. In turn, your comment may take up to 24 hours to be posted. USAWatchdog.com also reserves the right to edit comments for grammar and spelling errors.

Your email address will not be published. Required fields are marked *