Via Greg Hunter’s USAWatchdog.com,
Precious metals expert and financial writer Bill Holter has long said there is a long list of financial trouble coming to America. DOGE (Department of Government Accountability) has put the financial reckoning for massive debt and fraud into hyperdrive.
Gold smells big trouble with another new record high just last week. Gold is in hyperdrive in an economic hyper-levered house of cards. Holter explains,
“Gold is now considered a Tier 1 asset, but more importantly, gold cannot bankrupt. I think big money is looking at the financial system and understanding that it is a hyper-levered house of cards or Ponzi scheme. Sovereign Treasuries from across the world can and, highly likely, will default in some cases. Gold and silver cannot default. Gold and silver are money. This fiat experiment started off with dollars, European currencies, the yen, etcetera. They were derivatives of gold…
They have had several suppression schemes to keep the price down, and they desperately have to keep the price of silver down because if silver runs, gold is going to follow.
High and rising gold process are basically a vote of no confidence by the international community.”
Don’t underestimate how disruptive DOGE cutting fraud and waste will be on the economy. Holter points out,
“The last time we interviewed, we talked about DOGE and all of this slush money being paid out. Look at the 14 magic money machines that Elon Musk has found. All this money being spewed into the economy registers as GDP. So, if you shut those spigots off, you are shutting off the money, and the real economy slows down. There is less cash flow from that. The real danger, and I am not so sure it is by accident, is this Trump’s idea of pulling the plug? I have to believe he understands that by cutting the spending or cutting the capital that is going into the system, with the system as leveraged as it is right now, it’s going to take everything down. What you are doing is cutting off new money to the Ponzi scheme, and no Ponzi scheme can survive without continually getting new money coming into it.”
Holter also says, “The United States was considered for years and years the safe haven because of its pristine rule of law. When you pull the curtain back and everything is rotten, confidence breaks…”
” You are not going to have money moving into the US for safe haven status. You are going to have money leaving the United States. It’s not just the money that is not going to hit the streets because of DOGE, but mentally because of the corruption they are exposing. DOGE is basically exposing that the United States is corrupt and a shitty place to do business.”
In closing, Holter says, “DOGE revealing that they just pay money out of thin air is a huge problem.”
” You can’t do the math if you don’t have good numbers. . . . If we can glean that they are going to cut $500 billion or $1 trillion or $2 trillion and we can figure out that is a problem for the real economy and the financial markets, don’t you think the people running the show know that? That tells me they are purposely pulling the rug out from under the system. It’s game over.”
There is much more in the 53-minute interview.
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with financial writer and precious metals expert Bill Holter for 3.29.25.
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