RMN is Reader Supported
Our Goal for APR 6 - MAY 5:
$1,420
Click Widget or Click Here to contribute.
Checks & Money Orders:
Raye Allan Smith
P.O. Box 95
Ashtabula, OH 44005
Users Online: 85
Who Founded
RMNews?
Dewitt Jones' Video
"Celebrate What's Right With The World"
"When the Starships Fly!"
Listen at YouTube
The
Theme for The Obergon Chronicles
Listen at YouTube
The Obergon Chronicles ebook
RUMOR MILL NEWS RADIO
CGI ROOM Common Ground Independent Media
WHAT ARE THE FACTIONS?
THE AMAZING RAYELAN ALLAN
BIORHYTHMS
LOTTO PICKS
OTHER WAYS TO DONATE
RUMOR MILL NEWS AGENTS WHO'VE BEEN INTERVIEWED ON RUMOR MILL NEWS
RADIO ______________
NOVEMBER 2008
Kevin Courtois - Kcbjedi
______________
Dr Robin Falkov
______________
Melinda Pillsbury Hr1
Melinda Pillsbury Hr2
______________
Daneen Peterson
______________
Daneen Peterson
______________
Disclosure Hr1
Disclosure Hr2
______________
Scribe
______________
in_PHI_nitti
______________
Jasmine Hr1
Jasmine Hr2
______________
Tom Chittum Hr1
Tom Chittum Hr2
______________
Kevin Courtois
______________
Dr Syberlux
______________
Gary Larrabee Hr1
Gary Larrabee Hr2
______________
Kevin Courtois
______________
Pravdaseeker Hr1
Pravdaseeker Hr2
______________
DECEMBER 2008
Tom Chittum
______________
Crystal River
______________
Stewart Swerdlow Hr1
Stewart Swerdlow Hr2
______________
Janet Swerdlow Hr1
Janet Swerdlow Hr2
______________
Dr. Robin Falkov Hr1
Dr. Robin Falkov Hr2
Dr. Robin Falkov Hr3
JANUARY 2009
______________
Patriotlad
______________
Patriotlad
______________
Crystal River
______________
Patriotlad
______________
Dr. Robin Falcov
______________
Patriotlad
FEBRUARY 2009
|
Find UFOs, The Apocalypse, New World Order, Political Analysis,
Alternative Health, Armageddon, Conspiracies, Prophecies,
Spirituality, Home Schooling, Home Mortgages and more, in:
The Rumor Mill News Reading Room
FED Will Be Forced To Raise Rates To Defend The Dollar - Bill Holter w/ Greg Hunter (Video)
Posted By: SpaceCommando Date: Wednesday, 21-Feb-2024 09:34:45
www.rumormill.news/236727
By Greg Hunter’s USAWatchdog.com - February 20, 2024
Precious metals expert and financial writer Bill Holter says the market is exuberant with the idea the Federal Reserve is going to be forced to cut interest rates as the economy sinks. Holter has warned about the US dollar turning into confetti because of massive dollar printing and more and more bank bailouts. Holter is taking the other side of the rate cutting bet, and he thinks the Fed will do just the opposite. Holter says, “If you look at the amount of debt service the federal government is paying, it’s over $1 trillion a year. That’s going to go to $1.5 trillion, and then it will go to $2 trillion in interest a year. There is no reflection of deterioration of credit in the rates themselves. I foresee the day, and it may be within the next year, that the Fed is forced to raise interest rates to defend the dollar. That’s the problem. You have bad credit with the country who issues the world’s reserve currency. . . .If all of a sudden the dollar falls apart, how does evil get paid to perform? How do we fight wars?”
Holter goes on to say, “The US Treasury, this year alone, has more than $6 trillion plus the $1.5 trillion to $2 trillion in deficit that they will run. They are going to have to borrow this money this year. Where are they going to borrow that from? Who are they going to borrow it from? Is the Fed just going to conjure the money up and buy the bonds? The Fed lost $114 billion last year, and they are technically insolvent, as is the European Central Bank, as is the Bank of Japan, as is the Bank of England. These central banks are technically insolvent because their assets have dropped in value because interest rates have gone higher. The bond prices have dropped by more than what their equity was worth. . . . The whole system is running on nothing. There is nothing holding it up.”
Several years ago, Bill Holter envisioned a Mad Max type of scenario unfolding because of all the exploding and unpayable debt. Holter heard snickers, but nobody is laughing at his prediction now. Holter says, “Once the credit spigots stop, you are going to see everything stop. You’ll see no goods in stores. You may or may not have water. You may or may not have electricity. Who knows what is not going to work. Everything runs on credit. Without credit I think you could see a 60% to 70% drop in actual GDP, and there is your Mad Max scenario. . . Commerce is not going to happen if there is no credit available.”
On the election coming up in November, Holter sees a 50/50 chance of it not happening. Holter says, “If Trump wins, they will be jailing people left and right.”
On gold, Holter says, “Gold never defaults, and it will act as a risk barometer. Gold will be going much higher in price. . . .We live in the most indebted time in history.”
There is much more in the 51-minute interview.
Join Greg Hunter as he goes One-on-One with financial writer and precious metals expert Bill Holter.
|
https://usawatchdog.com/fed-will-be-forced-to-raise-rates-to-defend-the-dollar-bill-holter/
If you enjoyed this article,
Please consider a monthly subscription to Rumor Mill News!!
RMN is an RA production.
|
The only pay your RMN moderators receive comes from ads.
If you're using an ad blocker, please consider putting RMN in your ad blocker's whitelist.
Serving Truth and Freedom
Worldwide since 1996
Politically Incorrect News
Stranger than Fiction
Usually True!
Click Widget or Click Here to contribute.
^
AGENTS WEBPAGES
Provided free to RMN Agents
^
AGENTS WEBPAGES
Provided free to RMN Agents
|