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Bill Holter - In 2009 Recession Something Big Was Missed, China Sets The Gold Price

Bill Holter - In 2009 Recession Something Big Was Missed, China Sets The Gold Price

Released Sunday, 31st March 2024
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Bill Holter - In 2009 Recession Something Big Was Missed, China Sets The Gold Price

Bill Holter - In 2009 Recession Something Big Was Missed, China Sets The Gold Price

Bill Holter - In 2009 Recession Something Big Was Missed, China Sets The Gold Price

Bill Holter - In 2009 Recession Something Big Was Missed, China Sets The Gold Price

Sunday, 31st March 2024
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and welcome to the X Twenty Two

4:04

Report Spotlight Today We ever return to

4:06

get Bill voter. Bill is a financial

4:09

writer, gold expert. Yelps individuals purchase and

4:11

store precious metals. You can find his

4:13

work on Bill holder.com and I am

4:15

very happy to have Bill back on

4:17

the X to report. Spotlight Bill: What

4:19

matters? The Spotlight. And you

4:22

probably don't take. Hey, thanks for being

4:24

here and I just wanted to get

4:26

your take because bidens out there. Any

4:28

telling everyone that the economy's great? Everyone

4:30

has jobs, Inflation's under control, fuel prices

4:32

are under control when you look at

4:34

the economy and a new see what's

4:36

going on? What's your take on what's

4:38

happening with the economy right now. Well

4:41

everything that the saying is is

4:43

complete bullshit, just like everything else

4:45

in the world are starting to.

4:49

Lie. To your face and you're supposed to believe it.

4:53

Me just, I mean look at. Look

4:56

at inflation. Inflation

4:58

is obviously running hundred and three

5:00

percent. On look at unemployment.

5:03

Mean. Even within the unemployment numbers

5:05

they show. The

5:07

model people no longer a looking

5:09

for jobs every single. Every

5:12

single after it could be put out. It

5:15

is a lie right your face and.

5:18

It's allies getting so big now

5:20

that even the average person understands.

5:23

That. There's something really wrong. Mean.

5:25

If everything was fine and wire hotels a

5:27

you why it's research or. A

5:30

collapse in commercial real estate. There's

5:33

just there's too many. Oh

5:36

real world. Events.

5:39

Or things that you can see with your own

5:41

eyes. That. Are

5:46

totally opposite of what we're being

5:48

told. By. The media by

5:50

government, etc. Did you hear that and

5:53

that they wanted? Take the inflation rate

5:55

and they won It Said it to

5:57

three percent instead of two percent. Now.

6:00

The actually I saw the number three to

6:02

help or sad fact is that splitting hairs.

6:05

Yeah. You can't get it down to to do

6:07

percent. You change your goal. And. That's

6:09

what they do. I mean a change. Of.

6:13

Seasons. Change to finish line. That.

6:16

They change the objective to to meet

6:18

you know what can be done not

6:20

know I and I see that and

6:22

with very interesting about inflation is that

6:24

when we saw you know inflation go

6:26

up five six seven percent and they

6:28

said okay now everything's back to normal.

6:30

The people aren't feeling that everything went

6:32

back to normal, they're still feeling that

6:34

inflation. So people while it's the new

6:36

normal yeah. Yeah me what were

6:38

we are now is the new normal. Were.

6:41

No, we're never gonna go back to the way

6:43

it was. Five. Or ten years

6:45

ago and were certainly never, ever, ever going to go

6:47

back to the way it was thirty or forty years

6:49

ago. Tommy John Williams

6:52

is a perfect example. John.

6:54

On does whose calculations based

6:56

on the weight of the

6:58

numbers or crunched for employment.

7:01

Or. Inflation. Of

7:03

he crunches those numbers. Based.

7:06

On the way they were calculated back in the

7:08

Nineteen eighties. And. Mean.

7:11

Everything has become so convoluted. So

7:14

bastard eyes just or as. The.

7:16

Calculation for the traditions. It's.

7:20

Been. It's way more than

7:22

massage statistics. It's it's recreating.

7:25

Oh. They're

7:28

They're trying to recreate the world. And

7:30

we live in or for the perceived world

7:32

that we live in. You do you think

7:34

that the said will actually cut rates because

7:36

we started out this year set and they

7:38

were telling us ever gonna cut rates six

7:40

times this year then it went to for

7:43

and now it looks like it's to do.

7:45

You think the lever cut rates this year

7:47

of the I think you're gonna be forced.

7:49

I. Think where the Fed goes from here. you're

7:51

going to be forced. I think you'll be

7:53

forced. To. Cut rates at some

7:56

point of in maybe the next

7:58

month or two. You get

8:00

some type of of negative financial event

8:02

because remember. We. Live

8:05

in the most highly indebted. Our

8:08

system Avo. And they've

8:10

raised rates on that system. So.

8:12

It's it's. I'm

8:15

going to say that it's a plan take down.

8:18

But something's gonna break does break.

8:20

the fed will be. A

8:22

will be forced to caught. And

8:25

once they cut rates. Then

8:27

you're gonna see the dollar itself can

8:29

smoke. And it's my opinion

8:31

You're gonna see much higher rates.

8:33

The war we all right now.

8:36

To. Defend Or Protect a dollar.

8:39

And remember, the dollar is the world's

8:41

reserve currency. So. Oh.

8:45

Well. With a declining dollar

8:47

or or deflating dollar. What?

8:50

That's going to do was it's gonna. It's

8:53

gonna basically destroyed western central

8:55

banks. Because. The

8:57

dollar is the largest. Oh

9:00

reserved it. All. These western

9:02

central banks whole. So are you saying

9:04

that when they're forced the car race

9:06

or we're going to see hyperinflation? Yeah,

9:08

when when they're forced to cut rates.

9:11

Then. You're going to see the dollar. Really

9:14

begin to drop and I mean I could see.

9:17

This. Year I could see the dollar traded

9:19

to both. Into the eighties if

9:22

not the seventies on the U

9:24

S P X and remember that

9:26

forces other currencies that's not vs.

9:28

gold silver. Oil. Or

9:30

even a couple coffee. So.

9:33

Yeah, I'd I do believe that

9:35

organic we are headed swore I

9:37

I believe we're headed for hyperinflation

9:39

of the things we need. And

9:42

a hyper deflation of the things we

9:44

all. And what I

9:47

say, the things we all on

9:49

top of of houses, investments, etc

9:51

of those are going to hyper

9:53

deflate. It's the same time the

9:55

cost of living is gonna increase

9:57

rapid. Ad. for

9:59

the as as the asset side is concerned,

10:01

the reasoning behind that is

10:04

assets have been bid up and are have

10:06

been held up with the

10:08

use of credit. And you

10:10

know that I've said all along, when

10:13

this thing finally breaks, it will be a credit

10:15

event and credit will be extremely

10:18

difficult, if not impossible

10:20

to obtain. And there's

10:22

your asset deflation because there's

10:24

not enough cash out there

10:26

to hold asset prices

10:28

up. So you're saying like when credit freezes

10:30

up, corporations,

10:33

they won't be able to borrow, people won't be able

10:36

to borrow, business will just

10:38

come to a screeching halt. Right. And you

10:40

might even add in there, governments

10:42

are going to have a hard time borrowing.

10:45

I mean, as far as the US Treasury is

10:47

concerned, their only avenue

10:49

to borrow would be go directly to the Federal

10:52

Reserve and have them buy, you know,

10:54

buy Treasury bonds. So

10:56

by cutting the rate and having

10:58

inflation, do you think the market

11:00

then is going to come down?

11:03

I know on your site on

11:05

billholtzer.com, you have a graph of

11:07

stocks. And since we're

11:09

discussing inflation, cutting the rates, do you

11:11

think the market at that point would

11:13

start to all of a sudden come

11:16

down? Right. Well, we've already had a

11:18

hyperinflation, if you will, in

11:20

asset prices. And I mean, you can look at

11:26

charts of stocks. I

11:28

mean, you can see that you can see we've

11:31

had a hyperinflation. And what I'm getting at

11:33

is something is

11:36

going to break more than likely in

11:38

the banking system, but definitely in the

11:40

financial system. And that's going

11:42

to force the Fed's hand to cut.

11:44

Right now, I think the

11:46

Fed would prefer to do nothing and

11:50

to do nothing as long as they can

11:52

do nothing. But like I said,

11:54

I think they will be forced because of something

11:56

breaking. They'll be forced To

11:58

lower rates. And watched

12:01

a lower rate. Than. You're

12:03

going to see the dollar store to way. And.

12:05

As as that picks up

12:07

speed. Then. A fetish

12:09

can be forced to raise rates because not

12:12

gonna realize that. The. Dollar is

12:14

unwinding. And. Don't forget. Ah

12:17

Abby, we're We're talking about interest rates. Now

12:19

we're talking about your relatives. Values.

12:22

That. If you look at want. What the

12:24

bricks are doing? The

12:26

bricks have moved away from the dollars. Dollars less

12:29

To answer the dollar. And. They.

12:32

Are intent on replacing the

12:34

dollar as the world's reserve

12:36

currency. And

12:39

I mean, if you destroy a currency,

12:41

you destroy a nation. And. What

12:43

you're looking at is basically and a

12:45

vampire. So when the the dollar cars

12:47

to devalue rapidly I mean we're We're

12:49

seeing gold now. I mean I've know,

12:52

I I I can't believe the gold

12:54

is that You know twenty one hundred,

12:56

twenty two hundred right now you think

12:58

they're gonna lose control over the paper

13:00

gold market and gold then is going

13:03

to really start to move up no

13:05

question about it. And you know that

13:07

may even be. Oh, it may not

13:09

be a bank, may be the oh

13:11

of failure to deliver. And

13:13

gold and silver exploding bringing.

13:16

Pulling other commodities and basically there's

13:19

your unwinding of a dollar. It.

13:21

Would be basically the unmasking of.

13:24

The emperor has no clothes if if.

13:27

You. Add a failure to deliver. And.

13:30

Paper contracts. Basically.

13:33

One away it became a cash and carry.

13:36

Gold. And Silver became a cash and

13:38

carry markets worldwide. Without.

13:40

Any financial derivatives attached to them?

13:42

So do you think gold could

13:44

hit as high as Bitcoin? Oh,

13:49

You. Can't pick a number. I.

13:51

Mean if you do amount right now. If

13:54

if the federal debt had to be paid.

13:56

If. If. Foreigners demanded

13:59

gold. In lieu

14:01

of dollars. You'd. Pick

14:03

it up if we. if we truly

14:05

how. The. Eighty three hundred

14:07

times that we say we have and

14:10

you divide got into thirty four trillion

14:12

which obviously not all the death nice

14:14

probably have fixed of the dead or

14:16

a savage of the death. But.

14:18

If you did that math year old Ron or

14:20

twenty five thousand dollars. And. I've said

14:22

anybody who who gives you a price.

14:26

Oh you know, price? Target on

14:28

gold. They're making it up

14:30

because you don't have the numerator or the

14:32

denominator. You can't. You. Don't know of

14:35

beauty. Three hundred tons really exists if it's

14:37

really dare. You have no idea

14:39

how much money supply is gonna come forth.

14:42

You have no idea how much more debt is.

14:45

So. There's no way to do a

14:47

calculation. Add

14:49

one more time on calculations because you

14:51

brought up Bitcoin. You.

14:53

Know I've seen. Have people say well,

14:56

Bitcoins can be honored Thousand or two

14:58

hundred thousand based on what? math? First.

15:01

Off the. That

15:03

there's just there's there's no way to

15:06

do it because I can't. New bride

15:08

or denominator? Yes, The. Denominator is.

15:10

Or what? Twenty one, Twenty

15:12

One million Bitcoins. But

15:15

then you can ask what is a

15:17

bitcoin. I mean are

15:19

those are the. Only

15:22

one million of particles of air.

15:25

The. Without a. I guess the

15:27

internet goes down if the grid goes

15:29

down. That becomes useless. It

15:31

becomes you cannot. He didn't get to it. You

15:34

can use it. You can't trade it. You can't

15:36

do anything with. And.

15:40

And that is a real possibility of nominee. From

15:43

years of they talked about a D M P.

15:45

Here well I just saw i

15:48

think I'm blinking was just out

15:50

there telling everyone that they have

15:52

information that ran is going to

15:55

cyber attack the water infrastructure and

15:57

dumb we could see cyber attacks.

16:00

In this country so looks like they're

16:02

already building the narrative that something is

16:04

going to happen. So do you think

16:06

lot of the great a unapologetic? ya

16:08

don't think anybody needs to build a

16:10

narrative. Something really bad is hop and

16:12

just based on I mean look where

16:14

we are. Look. Look. Look.

16:17

At. Oh, the country from the

16:19

social aspect. Look at the country

16:21

from a financial aspect. Look. At the

16:24

country from a military aspect. Me:

16:26

We are. We. Are now not even

16:28

a shadow of what we were fifty years

16:31

ago. So. Do you think

16:33

that they are planning something, maybe to

16:35

cover up this economic event that is

16:37

coming. Up. It's

16:40

debut when I talk on the

16:42

Jails gosh, probably years ago. Yes,

16:44

of. It's

16:47

my opinion. That. Day or

16:49

are going to have to kick the

16:51

table home. So. That

16:53

they say our policies were working

16:55

every what thing was fine. Except.

16:58

For. Whatever. The Avengers.

17:01

Your gun out of to bring out

17:03

some type of false flag. So.

17:06

That they don't take them blame. For.

17:08

Their policies. Because. We're

17:10

going to say or policies working fine.

17:13

Except. This. Happened. And

17:16

it was our fault. They're. Gonna kick

17:18

the table low. And.

17:20

And they're gonna have to do that

17:22

because mathematically, his whole game is over.

17:26

I mean that the most obvious of that

17:28

is looking to us debt. We're.

17:30

We're borrowing a trillion dollars every hundred

17:33

days. And. The

17:35

debt service is now over a trillion

17:37

dollars. It's not mathematically feasible. It cannot

17:39

be paid off This This reminds me

17:41

as I mean, it's very similar to

17:43

two thousand and Eight, Two Thousand and

17:45

Nine Because back then we were in

17:47

an election year and a talk about

17:50

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17:52

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17:54

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17:56

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neck. He was out there in the

21:43

very beginning telling everyone everything is fine.

21:45

Biden is out there and John he

21:48

owns out there say no soft landing,

21:50

soft landing. It's fine and it's starting

21:52

to remind me of Two Thousand and

21:54

Eight, Two Thousand and Nine, but a

21:56

lot worse now. And but we're in

21:58

that same presidential election and this. If

22:00

the i feel like the same things are

22:02

happening just on steroids. Yeah. That's

22:04

exactly correct. on on steroids.

22:07

Oh. Yes, To:

22:09

this is an election year and I

22:11

am on record Spanked! I just went.

22:13

I believe there's better than a fifty fifty chance

22:15

to dirty is not an election. Because

22:18

if you wanted to, polls. Are

22:20

I mean even national polls you

22:22

asked? Trump leading by I

22:25

don't know two points, three point five

22:27

which. That's. Nationwide

22:29

that. I mean

22:31

the only. The. Only path in the

22:33

past. Four. Republican: The when was

22:35

through the electoral college and not

22:38

through the. Of.

22:41

The nationwide vote. So.

22:44

What I'm getting at is it's it's. It

22:47

looks like it's going to be impossible for

22:49

them to cheat enough to win. If

22:52

they don't, when you're out of power, Lifter

22:54

out of power. Than all these

22:56

things that they've done over the last three

22:58

years. Is

23:00

forced weaponizing the D O J.

23:03

Oh. That's can be turned

23:05

against them and I know that. So

23:07

in order to not lose power, what

23:10

is their only option? Cancel.

23:12

The election somehow. And that

23:14

would be done with a false flag. And

23:16

it would also. oh, he would

23:19

also. Kick! Markets over

23:21

and clothes. Our banking

23:23

system close the stock market.

23:27

So. You. What?

23:30

A What I'm getting out here is. When. You

23:32

close markets, people are going to beg for

23:34

help. And the hell is gonna

23:37

be the C B D C. That's

23:39

in my opinion. that's how they're going

23:41

to bring forth the Cbd. See? You're.

23:44

Gonna people begging for it. Yeah,

23:46

but it I mean I understand what

23:48

you're saying but that from the polls

23:50

about that with in regards to the

23:52

central my digital currency, many people are

23:54

completely against it. I'm I know there's

23:56

a lot of people in Congress Center

23:58

completely against it, and. Isn't that though?

24:00

Use fear though. Use in As and

24:03

they'll They'll try to push it and

24:05

they'll and they'll do you know as

24:07

well as much as they possibly can

24:09

to try to do this. But what

24:11

Mom, we're going. But when you just

24:13

mentioned the elections in, they're gonna in

24:15

as a fifty fifty chance of them

24:17

not having the elections? Do you think

24:19

they'll use the illegals in a way

24:22

to may be shut it down or

24:24

scare people from going to the polls

24:26

centers or something? Yeah.dot possible. I

24:29

feel be more like be some type

24:31

of. Of war is bad

24:33

or maybe not appear to be who knows.

24:36

There's probably a hundred. scrolling. Five

24:38

hundred thousand different possibilities. Who knows

24:40

what it's gonna be? By

24:43

just. See. Them. Are.

24:47

using. Some type of event chance to

24:49

the election so that they don't lose power. To.

24:52

Let me just comment. Of you

24:54

mentioned this looks like two thousand

24:56

Seven Two thousand eight. Yes,

24:59

It is. It really does.

25:01

But there's one huge difference.

25:04

Of and I missed it at the

25:06

time. Apart because I never believed

25:08

that. At central banks. And.

25:11

Sovereign treasury's would destroy their

25:13

balance sheets. To.

25:16

Save the system. And that's

25:18

what they did. I mean, you've got. Now.

25:21

Back in two thousand. Seven, Two thousand and Eight.

25:24

The. Central Banks, sauber, Treasury's.

25:27

They were in the greatest shake what they do

25:29

to have the ability to conquer the rescue. Got.

25:32

Ability is gone. Because.

25:34

Now you have the world! The completely encourage

25:37

you can't use. The. Reserve Currency

25:39

The World Is that a hundred and thirty

25:41

percent of death. Or.

25:45

As. Not. Based on hundred percent

25:47

debt to Gdp, you are walking through the

25:50

door to a Banana Republic. And

25:52

now you've got to reserve currency. You.

25:54

Know Spike steps into being a Banana

25:56

Republic. Financially. Not

25:58

to mention com. You. Do

26:01

Shirley. So. I

26:03

think the biggest difference today. Is.

26:06

It does not a white knight out

26:08

there that you committed and. Create.

26:11

Trillions more dollars. To

26:15

save the system. They're. Gonna

26:17

try to do it and that will destroy.

26:20

The. Fia Currencies worldwide and

26:22

you'll see goal. Moving.

26:24

On a daily basis. More than what it twice

26:27

that right now. I just wanna go

26:29

back to the time where you said back

26:31

in two thousand Seven eight nine the Central

26:33

Bank they didn't care about their you know

26:36

they're they're both citing care about. There's no

26:38

keeping everything whole. They just wanted to save

26:40

the system and that's why we miss this.

26:42

But this time they don't have the ability

26:45

to do anything that all that is gone.

26:47

everything is now gone. They they have nothing

26:49

to use a me I guess can they?

26:51

I guess I missed. I. Admit

26:53

that I've been to Ferret out of balance

26:55

you have nine hundred billion dollars. In

26:58

two thousand six, two thousand

27:00

seven. And I blew it up to nine

27:03

truly. A blue their balance

27:05

sheet up Counsel: basically. Oh.

27:08

And I did not believe. If.

27:10

Central banks and sober treasuries

27:12

would ruin. Their own balance

27:14

sheets to save the system. At.

27:17

Where we are right now: your balance

27:19

sheets are completely ruins. Of

27:21

I mean you've got. You've. Got central

27:23

banks now technically insolvent because of all

27:26

the bombs to be out on their

27:28

books. Ab

27:30

Ab declined and value because Daves

27:32

raised interest rates and when you

27:34

raise rates ponds go down. The.

27:37

Fed last year last one hundred forty

27:39

billion. And. The last I saw,

27:41

they had sixty five billion. In. Joplin,

27:44

So. They have a negative.

27:47

Have. A

27:49

negative balance sheet at this point. And

27:51

that's the same for the easy Be the back

27:53

to Japan to Bank of England. Is

27:55

central banks are no longer even

27:58

solving. To. Step up and try to. They'd.

28:00

A system. That is. Much.

28:03

Larger than it was in two thousand, seven,

28:05

Eight Nine. Oh, the derivatives market

28:07

is much larger than it was two thousand.

28:10

Know. In Out that time. Solar.

28:12

Systems much bigger. And

28:15

a central banks sovereign treasuries.

28:17

Are now. Rails.

28:19

Are fragile, whatever you want to call. So

28:21

this is very interesting a be I don't

28:24

have You saw this by Kyle Bass. He

28:26

put something out there and he says that

28:28

they said in the treasury they been both

28:30

using their slush funds to inject enormous liquidity

28:32

into the Us Marcus markets since Two Thousand

28:34

Twenty Three and the Fed has another four

28:36

hundred billion to inject between now and the

28:39

elections. so it looks like they're using everything

28:41

that they have to keep everything up. and

28:43

as we get closer and closer to the

28:45

elections, I think they gonna run out of

28:47

that the juice to keep every. The market

28:49

up. Yeah. Does touch

28:52

possible that turn your back

28:54

for supporting of I would.

28:57

Tell. You to look at What? The Bank of

28:59

Japan? Said. And did.

29:01

Oh, yesterday, the day before. This.

29:04

The first on their passing of interest rates

29:06

since two thousand and seven. And.

29:09

They have been. The tories are

29:11

by need. Yes! And.

29:13

Also are buying Henri I

29:15

T's if supported the stock

29:17

market and they supported the

29:19

real estate market. Go. On

29:21

all the way Doctor Two thousand and Seven. Now.

29:25

They say you're no longer double going

29:27

to be fine eg, after no longer.

29:30

Gonna. Be buying or he I tease. If

29:33

I was an investor in Japan, I

29:35

would have sold everything I had yesterday.

29:38

right? After the announcement because of their

29:40

truly not gonna support. The. Markets

29:43

The markets are going approach because

29:45

they'd page. We've. Been on life

29:47

support since two thousand and eight. And

29:50

there's no way. There's.

29:54

There's no way the system. The

29:56

entire financial system can survive

29:58

without life support. So. Going

30:00

back a couple of years, maybe two years.

30:02

you mention that when we do have this

30:05

crash, the systems gonna come down and then

30:07

it's gonna be prop back up and then

30:09

we're going to have another crash. Or are

30:11

you still thinking the same thing is gonna

30:13

happen? Yada. What

30:15

you're referring to was I believe there's gotta

30:17

be more the one reset The first reset.

30:20

O J are going to check the

30:22

table over or less able to spoil

30:24

her right arm they will try to

30:26

bring forth does such a bag digital

30:28

currencies. It.

30:32

May take two weeks to make a two

30:34

months. I can imagine more than six months.

30:37

But. That's gonna fail because. There's.

30:40

Just A Any C B D C is

30:43

still going to be steel stripe gonna be

30:45

backed. By. The.

30:47

Same. Broken. Sulfate

30:49

and credit of the was gonna be.

30:52

So. That's kind of fail then.

30:55

You're. Going to have a more

30:57

natural called mother nature type reset.

31:00

And understand the rest of the world.

31:03

Wants this to happen. They're.

31:05

Tired of being of having to dollar.

31:08

A dollar blue on their neck.

31:11

And and that's really. The

31:13

genesis behind the bricks. Is.

31:15

That that they want free. And

31:18

fair. Trade settlement.

31:21

They. Want to trade something for something

31:23

rather than. Sending. Something real

31:25

and getting something in return.

31:28

It is nothing and that's what u S dollars

31:30

or. So. You're going to how the

31:32

rush the world. Applauding.

31:35

Of. The. Collapse of the

31:37

last. And.

31:40

That. The said. The power,

31:42

The capital, Of. Will.

31:45

Evaporate and the last and it will end

31:47

up in the east. And. Then what

31:49

happens to I guess the currency here.

31:51

I guess the Federal Reserve is then

31:53

done and we don't have had a

31:55

reserve notes anymore. Do we go back

31:57

to the Constitution? Where. It says we.

32:00

That would that would be a good plan. Our

32:02

I would you say if you

32:04

are chinese are you are washing

32:06

or. Or. Of pick any

32:09

country really did in dental part of

32:11

the brakes. Are. You

32:13

going accept dollars? You're. Probably not

32:15

an extra dollars and all was already seen.

32:17

Do. You a he has come on

32:20

said we will accept off the currencies.

32:22

For. Oil except for dogs. Mean,

32:27

can you imagine what happened twenty years

32:29

ago? When. Know. Of

32:31

Saddam Hussein said that what happened.

32:34

What? Happened to be adopting we might in

32:36

and we invaded. And was

32:38

the first thing we stole store their

32:40

goal? Yeah, I'm. Jimmy.

32:42

Us. Really? Go

32:44

in and invade the entire world's biggest

32:47

are no longer using our dollars. Know.

32:51

The I mean the it's roots.you know, a laughable

32:53

know there's no way. As I

32:56

said, it is be and of empire.

32:58

So I get. I guess what's happening

33:00

really right now is that there's gonna

33:02

be a reset of currency around the

33:05

world? Absolutely. Yeah. Yeah. There's

33:07

gonna be a recent of currencies and there's

33:09

gonna be a balance of reset of asset.

33:11

Price. Is it? versus.

33:14

Versus currencies vs. gold.

33:16

versus. Other assets everything is gonna.

33:19

It's. It's almost like oh,

33:22

They're going to shake up a container in the waters

33:24

to find it's all well. I. Guess it's

33:26

very very similar from the the set.

33:28

I mean not is not as bad

33:31

but in the seventies when we came

33:33

off the gold standard on there was

33:35

a shake up a new the was

33:37

a little bit of a recess going

33:39

to full see art and that's why

33:41

you saw the in have a high

33:43

interest rates. He saw the gas lines,

33:45

he saw countries having problems because that

33:47

was kind of a like a mini

33:49

type of reset. Coming off of gold

33:51

and going on to the Petrodollar this

33:53

time around were completely either. I'm assuming

33:55

we're completely detaching. ourselves from the

33:57

central bank system this time.

34:00

Around and we're going to have to do

34:02

something to either go back to gold or

34:04

some type of sound money to basically bomb

34:06

level off the system somehow. I mean, when

34:09

we came off of gold in the seventies,

34:11

they love the off by increasing their you

34:13

know, the interest rates the seventeen sixteen percent

34:15

and you know they were printing and but

34:18

this time around they're gonna have to do

34:20

something. While. There's a big

34:22

difference between now. And. Co

34:24

that and seventy one seventy three of

34:26

with a patrol move. Back.

34:29

Down the U S was what?

34:31

Thirty thirty five percent debt to

34:33

Gdp, right? We just as. Burn.

34:37

First percent debt to gdp. Hub.

34:41

You could look at the corporate sector.

34:43

You could look at the personal sector.

34:45

The pervasiveness of Debt Doctor Nineteen Seventy

34:47

Three did not exist. And

34:50

now. There's. Nothing but death.

34:53

Oh, the other difference is that

34:55

back in Nineteen seventy Three, Us

34:57

military was still. The most

34:59

people feared military on the planet. And

35:01

in. China. Was not a

35:03

threat. Be. You. Know that a

35:06

lot of of man, a lot of boots. But.

35:09

They they didn't have you know that

35:11

built doctor military. Russia

35:14

was the only one it could stand against the

35:16

skinny or they had. Were. Basically the

35:18

same nuclear weapons we're. Fast.

35:21

Forward to today. Us.

35:23

Has fallen behind. A

35:26

horribly. From. A

35:28

technology standpoint: Me: Russia

35:30

has Hypersonic. Us.

35:32

As not even had a hypersonic

35:35

chest. Bit worked

35:37

so we don't have hypersonic. None

35:39

of our weapons to catch. Any

35:41

of their weapons. So Us military is

35:44

no longer the most feared on the

35:46

planet and can't force the rest of

35:48

the world. To. Use

35:50

dollars for those are the two big. Differences.

35:53

Between now and then, The. Balance

35:55

sheet wasn't. Completely. Upside

35:57

down like it is today. And. the middle

36:00

military was still the strongest military of the

36:02

planet. But you think this is

36:04

going to happen most likely around

36:06

the election, the 2024 election? Yeah,

36:09

I think there's going to be some big stuff

36:11

happen before the election. As I said, I think

36:14

there's greater than a 50-50 chance that

36:17

we do not have an election. Now,

36:20

if that happens, you're going to ask why? What

36:22

was the event? What happened? I

36:25

have no idea, but whatever

36:28

it is, if it's big enough to stop

36:30

an election, it's big enough

36:32

to topple a financial market, it's

36:36

standing on the head of a pain. When

36:38

this is all... And thus the real economy,

36:40

too. Yeah. Obviously,

36:42

the real economy seizes up. So

36:45

when everything's said and done, do you think

36:47

the central bank will exist anymore? I mean,

36:49

if the BRICs are moving away, and I

36:51

mean, like I'm talking about the IMF, I'm

36:54

talking about the Fed, I'm talking about the

36:56

ECB, will they still be in existence? Because

36:58

if their currency goes down the tubes, will

37:00

they still be around? It depends

37:02

on the time frame you're asking. In

37:05

three to five years, maybe not,

37:08

but within that three to five year time

37:11

period, they're going to try as hard as

37:13

they can to replace this currency, replace

37:15

that currency, and convince people, oh,

37:17

well, the old currency

37:20

was bad, this is a

37:22

good one. I would

37:26

view it as similar to Weimar, Germany, where they

37:28

went from the right mark to the

37:30

rented mark that ultimately failed.

37:32

It didn't write

37:36

itself until they went back to

37:38

real currency, gold, the gold mark.

37:41

Gold has got to be the

37:43

foundation to the financial system, because

37:46

it's the only money they

37:48

cannot default. Right now, the

37:51

financial system is supported 100% by

37:54

US Treasury bonds, because for what? 50,

38:02

70 years it was thought,

38:04

you know, the U.S. Treasury is, can never

38:07

default, it's the safest asset on the planet.

38:10

But now we're getting to a point where,

38:12

hey, wait a minute, it's not the safest

38:14

asset on the planet because there's a question as

38:17

to whether they can ever pay it back. And

38:20

it's not really a question because, I mean, you look at

38:22

the math, paying the

38:25

debt back, let

38:27

alone, you know, paying the interest on it each year. The

38:31

U.S. cannot, they

38:33

can't pay it. The U.S. can't open its

38:35

doors of whatever

38:37

the fiscal, first fiscal day is October

38:40

1st. They can't open

38:42

their doors without knowing that they're

38:44

going to have to borrow another trillion, five

38:47

to two trillion. I

38:50

mean, it would be hard, it would

38:52

be very difficult to pay

38:54

just the interest if they

38:56

weren't borrowing more. And

38:59

really, that's what we've done over all these years, is

39:02

we've borrowed money, we've

39:04

borrowed more and more money to pay,

39:07

you know, to pay on the debt. And

39:10

think about this, Dave, thirty-four trillion.

39:12

Go back to 1980. I think

39:15

that was the first year we went over

39:17

a trillion dollars. For the

39:19

total, the total debt. So

39:22

we've added thirty-three trillion since 1980. So

39:26

what you're looking at is what in,

39:29

in 40 years, we

39:32

have, our

39:35

standard of living has been goosed

39:37

by thirty-three trillion dollars. What

39:41

would our standard of living be

39:43

right now? And what would it

39:45

have been for the last forty years if

39:48

we didn't spend

39:51

and borrow more than

39:53

we produced and took in in income taxes?

39:56

Standard of living would be. Our standard of living would

39:58

be, would. would be

40:01

in the toilet. From

40:03

where we are now, it would be an

40:05

outright depression. From what we're talking about and

40:08

everything that we're saying, what one thing should

40:10

people do to prepare? You've

40:15

got to look at this from several angles. You've got to

40:17

look at it from your personal, your life, and

40:20

your lifestyle angle. You've got to look at it

40:22

also from a financial angle.

40:24

The financial angle is easy.

40:27

Get out of the system and get

40:29

your capital into things that

40:31

can't default. The most obvious are gold and

40:34

silver. Those are the only monies that can't

40:36

default. From a personal

40:38

standpoint, just

40:40

look at what's happened with the

40:43

illegal immigration or illegal

40:47

invasion, whatever you want to call it. If

40:50

you live in a city and you

40:52

think you're going to survive what's coming, good

40:56

luck to you. It's not going to happen. You're going to

40:58

be overrun. You need

41:00

to get yourself situated in a

41:02

more rural area,

41:05

a more rural situation, where

41:07

you at least have the ability to

41:09

try to provide for yourself. Because

41:13

there's going to be a point in

41:15

time where it's every man for himself.

41:18

Hopefully, if you've gotten

41:20

yourself into a rural area,

41:23

you can assimilate with neighbors,

41:26

with the community, where

41:28

the thought process is more

41:30

like it was back in

41:32

the 1930s, where neighbors helped

41:34

neighbors, as opposed to the way

41:36

it is in cities right now. Somebody

41:39

falls and what happens? They get

41:41

robbed. They end up, they've lost

41:43

everything, their shoes. Two

41:47

hours later, an ambulance shows up, maybe.

41:51

What I'm getting at is there's

41:53

a bifurcation as to where

41:56

you're situated, whether it's urban or whether

41:58

it's rural. and if you're urban,

42:01

you're not going to make it. Hey Bill, thank

42:03

you very much for being on the X22 Report

42:05

Spotlight. Once again, if people want to see you

42:07

work, where should they go? You

42:09

can go to my website. It's almost a year

42:11

old now. It's billholter.com. There

42:14

is a contact button which

42:17

I think my email pops up and you can

42:19

just start writing. Or if you

42:21

want to contact me directly, I have recently

42:23

changed my business

42:26

email. It's now bholter

42:30

at proton.me. I'll be putting the links at

42:32

the bottom of the video to make it

42:34

easier for people to go right over to

42:36

your site and everything. Bill, once again, thank

42:38

you very much for being on the spotlight.

42:40

I really appreciate it. Thank you, Dave. Thank

42:42

you. Let's talk about how expensive energy is

42:45

right now. Just like groceries, gas, and food,

42:47

your energy bills are expected to keep hitting

42:49

record highs over the coming months too. These

42:51

power bills have gotten so expensive for the

42:53

average American that a record number 20 million

42:55

households are now behind on their power bills.

42:57

Some power companies have a shocking 13 million

42:59

in uncollected bills because the average household

43:01

cannot afford the rising cost of electricity

43:03

today. Yet the greedy power companies show

43:05

no signs of lowering costs. That's why

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I've been lowering my energy bill thanks

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that's don'twastepower.com. Order now. Talk about

43:42

protecting our wealth. If you think

43:44

Bitcoin breaking its all-time high and

43:47

closing in on $70,000 is

43:49

the best crypto news, hold your horses.

43:51

Bitcoin shortage is coming. The halving this

43:54

coming April will severely limit the supply

43:56

while banks and investment companies are starting

43:58

to offer Bitcoin ETFs. a

44:00

new wave of Bitcoin demand. There is only one

44:02

way this is going. Bitcoin is going to go

44:04

up and mydigitalmoney.com is here for it. CEO of

44:06

Bitwise, a wealth management company, said they are changing

44:09

their Bitcoin 2024 price forecast from $80,000 to $200,000.

44:11

If you want to take advantage of potential

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gains, avoid possible Bitcoin supply shortages,

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invest now. Invest in Bitcoin with

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44:22

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44:24

Remember, there's always a risk of

44:26

loss and past performance is not

44:28

indicative. Let's talk about protecting our wealth.

44:30

If you keep your money in the bank,

44:32

listen up. Your savings could be at risk.

44:34

The banking system is once again under extreme

44:36

stress and after last year's banking crisis, the

44:38

dangers are clearer than ever. Car loans are

44:40

defaulting, credit card debt is ballooning, commercial real

44:43

estate is on the brink of collapse. These

44:45

aren't just red flags, they are sounds of

44:47

a financial ticking time bomb. But there is

44:49

a safe and easy way to protect your

44:51

financial future. Gold. Gold is outside the government's

44:53

reach and safe from economic policies that jeopardize

44:55

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45:01

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45:03

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x22gold.com. And remember, there's

45:18

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45:20

is not indicative of future results. Let's talk

45:22

about protecting ourselves online. A popular antivirus company

45:24

has just been fined 16.5 million because

45:27

its privacy software was secretly being used

45:29

to sell user data for years. This

45:31

antivirus software company harvested user information without

45:33

their consent while tricking the users into

45:35

thinking they were using the privacy focused

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45:40

from users through its software and web

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45:44

to over 100 third parties without the

45:46

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46:31

again, that's virtualshield.com/x22.

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