By Greg Hunter’s USAWatchdog.com - On April 16, 2024

Back in February, when everyone was predicting a Fed rate cut, precious metals expert and financial writer Bill Holter said rates would be going up and not down. Since that call, the 10-Year Treasury is up more than 30 basis points. It closed today at 4.67%. Now, Holter is still calling for higher interest rates that will coincide with higher gold and silver prices. Why? It’s called inflation, and it’s not temporary. Holter explains, “Foreigners are backing away from buying Treasuries. That is the only thing that has kept the doors open, so to speak, is the fact we are able to borrow an unlimited amount of money because we are the world reserve currency. Foreigners backing away from our debt is going to lead the Federal Reserve to be the buyer of last, and then, only resort. So, you will have direct monetization between the Fed and the Treasury. What that will cause is a currency that declines in purchasing power. It will decline in a big way, and it will decline rapidly. So, what I am describing is inflation that turns into hyperinflation.”

But that is not the end of our problems. Holter points out, “I do think it is going to get worse . . .

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In closing, Holter contends, what you are seeing is not a series of mistakes by incompetent people. Holter says, “This is too stupid for it not to be the plan. . . .This is not a Republican or Democrat thing. We are being steered directly into a brick wall because the globalists can’t take over the world with the US standing. They have to take the US down, and if they take the US down, so will the western financial system fall. If that happens, the globalists can have their way.”

There is much more in the 46-minute interview.

Join Greg Hunter as he goes One-on-One with financial writer and precious metals expert Bill Holter.