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August
01
2022

Whole World is a Banana Republic – Bill Holter
Greg Hunter

A few months back, precious metals expert and financial writer Bill Holter predicted the economy was going to tank, and today, the U.S. is officially in a recession.  Holter says it’s not just America buckling under enormous debt, but the entire world.  Holter explains, “This is only the start.  They are trying to debate whether or not we are in a recession, but it’s pretty much a lock.  Yes, we are in a recession.  And this is not just the U.S.  This is a global problem. . . . Let me put his into perspective.  If you add up all the global GDP’s, we are roughly $100 trillion.  The problem is there is well over $350 trillion in debt worldwide. . . . When I graduated college . . . anything above 100% debt to GDP was considered a banana republic.  Look where we are today.  Globally, it’s 350% debt to GDP.  What that tells me is the world is a banana republic.”

So, it’s no surprise big money is getting out of fiat currencies like the U.S. dollar.  Less than a month ago, Holter, who is also a precious metals broker, brokered what looks like the biggest U.S. silver coin deal in history.  Just the Silver Eagle portion of the deal was 650,000 coins, which was only part of the $50 million deal.  Only $27 million of that could be bought in U.S. incremented silver coins.  (The rest was used to buy gold U.S. coins.)  Holter says that cleared out the wholesale market for U.S. silver coins, including so-called junk silver.  Holter contends, “That shows you how thin it really is.  By the way, a fair portion, 15% or so, was future deliveries from the mint.  So, we basically cleaned up the next four to eight weeks of Silver Eagle deliveries.  They belong to us, and we are still waiting for delivery from the mint. . . . The client wanted U.S. coin.  In the U.S., that is the best form of silver ownership.  We did not touch bars, generics or foreign sovereigns.  So, there is still much more out there to be bought, but how much?   I think $1 billion would buy all the available silver in the U.S.  Think about it.  A billion dollars today is not even the mustard on a ham sandwich. . . . Make no mistake, this deal was a big hit to the inventory . . . of U.S. silver coins. . . . This paper Ponzi scheme is going to come down, and the best place to hide is gold and silver.”

On housing, Holter says it has topped and predicts, “Now, there are no bids, and homeowners are lowering the price.  It was a virtuous cycle to the upside.  Now, it’s reversed, and it will be a virtuous cycle to hell on the downside.  I say hell because there is so much debt outstanding, it will create margin calls across the board.”

Holter is still predicting a Mad Max apocalyptic future that looks more and more like a real possibility.  Holter says, “We have had free and carefree times for the last 40 years.  Now, you are going to see the reverse.  Debt is a two-edge sword, and after 40 years, we are going to see the dangerous side of the sword. . . . There is going to be starvation.  This is going to be unlike anything . . . anyone has even written about from a fictional basis. . . . I’ll be surprised if we make it through this year with the real economy functioning as it is right now.   Supply chains will break down . . . We will have some dire markets leading to . . . market closures and bank closures.”

 

 


Greg is the producer and creator of  Greg Hunter’s USAWatchdog.com.  The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.”  The site will keep an eye on the government, your financial interests and cut through the media spin.

Greg Hunter’s USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative.   Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.

Greg is a hard hitting reporter who has a history of getting to the truth no matter how difficult the subject.  Some of his stories include “Dangerous Deadly Depleted Uranium Munitions,” where Hunter uncovered the Army’s failure to warn our troops of their exposure  to radioactive dust on the battlefield.

In a story called “Produce the Note”, Hunter uncovered  in 40 percent of foreclosures the bankers cannot prove they legally own the property.   If an embattled homeowner knows that fact, it could mean the difference between being thrown out in the cold and having a roof  over his head.

And in a report in March of 2008,  Hunter exposed the hidden fact the banks were in trouble and the economy was headed for a fall.  Greg warned viewers of the coming problems long before other reporters picked up on the looming financial catastrophe.  In 2009, many in the mainstream media said things such as “no one saw the crisis coming.”

Hunter joined ABC News in 1999 from WTSP-TV in Tampa.  He has earned a “National Headliner Award,” an International “Freddie Award”  for health and medical reporting, as well as investigative reporting awards from both the “Society of Professional Journalists” and the “Radio Television News Directors Association.”

 

 

usawatchdog.com

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