Posted at 6:34 AM (CST) by & filed under USAWatchdog.com.

Join Greg Hunter of USAWatchdog.com as he goes One-on-One with money manager and economic expert Peter Schiff, founder of Euro Pacific Capital and Schiff Gold.

Here’s the link:  Fed Cannot Fight Inflation – Peter Schiff | Greg Hunter’s USAWatchdog

The latest is called “Fed Cannot Fight Inflation – Peter Schiff.”  Money manager and economist Peter Schiff says all the talk you are hearing from the Federal Reserve is simply the Fed “pretending to fight inflation.”  Schiff explains, “Everything I predicted with inflation breaking out and the way the Fed would react to it has come true.  The next thing is the Fed is now pretending it’s going to fight inflation.  I say they are pretending because they have no real intention of doing it because they can’t.  If the Fed could fight inflation, it would have started the fight a long time ago.  They would have acted preemptively when it was obvious it was a problem. . . . I have been warning about this for over a decade.  As the Fed was on this course of deliberately creating inflation, I always said this was going to come back and bite the Fed because they were going to let loose a monster that they were not going to be able to fight, like Frankenstein.  The Fed used to say we don’t care if we have too much inflation, we know how to solve it.  We have the tools, and I pointed out that they may have the tools, but they ain’t going to use them because it was like having a handgun as the tool for a headache.”

Schiff says there is record amount of debt in all sectors.  Schiff points out, “Now, the Fed says it’s going to take away all that free money?   The Fed is going to normalize interest rates?  Everything that was built on that foundation is going to implode.  We would have a financial crisis that would make 2008 look like a Sunday school picnic, and there will be no bailout if the Fed is fighting inflation.  It wouldn’t be another ‘Great Recession,’ it would be a ‘Greater Depression.’  This is why the Fed can’t do anything.  The Fed can’t do what Paul Volker did  . . . and raise interest rates to 20%.”

Schiff says the economy is going to tank no matter what the Fed does, and you will see this in the job market soon.  Schiff says, “I see massive layoffs coming.  It’s going to be like Covid except without Covid.  Instead of the government shutting down the economy, the economy is going to shut itself down.  Not because it’s been ordered to, but because the cheap money is gone. . . . Fed Head Powell is going to reverse course, and when he does, the bottom is going to drop out of the dollar.  Gold is going through the roof.  You better be fully positioned in your portfolio when that happens.  It’s probably going to happen while you are asleep because the dollar is going to collapse in Asia.  That’s where our biggest creditors are, and that’s where the mass exodus is going to start.”

Schiff advises to stock up on everything you think you are going to need.  Things such as toiletries, food, spare parts for your equipment and anything else you can store because everything is going up in price.  It will never be cheaper, and in the future, you might not be able to get it at any price.                    

There is much more in the 44-minute interview.

Posted at 6:12 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

In case you hadn’t noticed, mortgage rates have gone from the lowest they’ve been in 13 years to the highest they have been in 13 years… within the last six months.  It does matter!

‘The more I see of the Moneyed Classes, the more I understand the guillotine.’ George Bernard Shaw. (1856-1950).

Bill Holter’s Commentary

Let me count the ways?  This only scratches the surface …

How Gold Is Manipulated

Is there gold price manipulation going on? Absolutely. There’s no question about it. That’s not just an opinion.

There is hard statistical evidence to make the case, in addition to anecdotal evidence and forensic evidence. The evidence is very clear, in fact.

More…

Bill Holter’s Commentary

The Treasury Secretary actually said that banning abortion is damaging to the economy?  Is this the same as the head of the FDA claiming “misinformation is the leading cause of death in the US”?  Or Pelosi claiming that further government spending will lower inflation?  The truth is, we definitely need some adults in Washington who understand cause and effect rather than goat heads that are either too dumb to understand or are just outright lying?

Yellen: Banning abortion would be ‘very damaging’ to U.S. economy

The Treasury chief said the Roe ruling helped allow women to finish school and increase their earning potential, leading to higher workforce participation.

More…

Posted at 6:01 AM (CST) by & filed under Bill Holter.

Over the years, many have continually asked “when”?  When will the system break down?  Well, I have some good news and some bad news for you.  The good news is; you are watching the collapse in real time with your own eyes.  The bad news?  You are watching the collapse in real time with your own eyes!  This will be short and sweet. 

1. Inflation is raging as the continual money printing, expansions of debt, and deficit spending have finally overwhelmed the financial engineering used to hide their dirty work.  Simply, our money was debased as the party raged on. 

2. As a result (response) of the monetary insanity, market interest rates began to rise over a year ago.  As usual, central banks are way behind the curve and are now being forced to tighten. 

3.  While inflation of commodities and everyday goods kicks into full gear, asset inflation is giving way to asset deflation. 

4.  Asset bubbles are bursting all over the world with THE most important rupture being the credit markets.  Over the last year alone, interest rates on average are up well over five fold.  The “foundation”, credit, has cracked and crashed before your very eyes.  Few truly understand this. 

5.  Stock markets are now down significantly from their highs and the average stock has already entered bear markets.  Those viewing their 401K statements for April will be very disheartened. 

6.  Real estate, which had been so hot over the last couple years has turned moribund.  Buyers have been priced out, followed by being shut out due to mortgage rates more than doubling.  Affordability does not exist.  The psychology is about to change as owners will soon understand their asset is becoming a liability. 

7.  A topic all on its own, the rule of law has broken down but a subject for another day.

So where does this leave us?  We had the “good fortune” of living in a virtuous cycle to the upside, unfortunately we will now have to live in a virtuous and self reinforcing down cycle as asset values circle the drain.  Without great explanation, as rates rise, asset values decline, it is simple math.  And here is the problem; think back in time only a couple years ago and you’ll remember how people were spending freely because they felt “rich” (and maybe got some of the stimmy monies?).  Now it is the reverse.  Homeowners are sitting on properties much longer and buyers no longer (have the ability) bid above asking price.  In fact, discounted bids are already becoming the norm.  The average stock portfolio is down well over 20% since the start of the year.  Bluntly, people are beginning to feel “poor” and they will react by reducing spending.  All of the above of course is topped off by the cost of living increases we already know of… 

Again, none of this is rocket science and should not be new to anyone reading this.  The bottom line is this; the wheels are falling off the global debt cart in a world where nothing functions without the use of credit.  Shortages of all sorts are already happening even if you have the cash for purchase.  The greatest fear for central bankers, debt deflation has finally arrived! 

Lastly, please understand and never forget, “markets” have been ruled by financial engineering for three decades.  Derivatives (probably $2 Quadrillion now?) of all sorts will begin to blow up.  Whether it be because of the underlying interest assumptions, over concentration of paper versus deliverable goods (force majeure), or just plain old outright insolvencies …you will witness the exact reverse (in albeit a MUCH shortened timeframe) than the buildup.   

As we warned you for years, “inflation of the things you need, and deflation of the things you have”!  I know, it’s a bad cocktail but exactly what we are faced with … your best position is to be where you cannot be bankrupted while the world around you bankrupts!


Standing watch,

Bill Holter

Holter-Sinclair collaboration

Posted at 5:58 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

And housing is supposed to be different?

Used Car Prices Are Crashing At A Near Record Pace

It’s been a challenging year for consumers. And with the highest inflation in four decades, some are paring back spending on big-ticket items, such as used automobiles. After jumping 90%, since the start of the virus pandemic, used car prices are cooling as buyers balk due to affordability issues stemming from soaring interest rates. 

More…

Bill Holter’s Commentary

My one word comment …BULLSHIT!

FDA Chief Claims “Misinformation” is Leading Cause of Death in the United States

During an appearance on CNN, FDA chief Dr. Robert Califf asserted that the leading cause of death in the United States is online “misinformation.”

More…

Posted at 7:12 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

Uh Oh!

Goldman Sachs Says Its Dark Pools Are Under Investigation – Along with About Everything Else the Firm Does

We’ve been reading SEC filings for more than 35 years. We have to sadly say that the 10-Q that Goldman Sachs filed with the SEC on May 2, for the quarter ending March 31, 2022, shocks even our well-documented assessment of Wall Street as a crime syndicate. 

More…

Bill Holter’s Commentary

You are now witnessing the end!

A bank is a place that will lend you money if you can prove that you don’t need it. Steven Wright. (1955-    ).

 – note: Last one for a bit, folks. Family funeral up the coast in a coupla days.

Posted at 7:09 AM (CST) by & filed under Bill Holter.

We had our pal Tony sit down and speak with us for a couple of hours regarding being prepared.  A ton of information and we have posted companies/links on where to purchase many of the items he speaks of. You can find them here.  No one can come up to full speed with the time left us.  Hopefully you are able to pull several ideas from this and last week’s talk to help you prepare for what we see coming! 

Posted at 6:43 AM (CST) by & filed under Bill Holter.

Economic Explosion – The Fuse Is Lit | Bill Holter

Multiple countries are moving away from the US dollar. The fuse it lit, says Bill Holter, contributor at JSMineSet.com, and the system will explode when the only buyer of Treasuries is the Federal Reserve. He describes how to prepare for a collapse. “In an urban environment, when the financial system goes down,” he says, “you will not make it.” He suggests living rural to prepare for the collapse of the system. 90% constitutional silver could be the ideal transaction medium in a currency crisis, he says, because of its recognizability and divisibility.

Find Bill Holter online: https://www.jsmineset.com

Posted at 6:42 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

While your attention was distracted this week, Pfizer dumped 80,000 pages and it turns out the vax was only 12% effective?  So they …and the media, and the tyrants told you it was 95%, “safe and effective”.  They outright lied about the 95%, how about the safe and effective part? 

Pfizer’s New 80,000-Page Data Dump Is A Nightmare

You probably didn’t know that Pfizer dumped 80,000 pages of documents this week.

That’s because the American corporate media refused to cover it — and that’s because almost all of them took money from the Biden regime to promote the experimental vaccines and kill any critical coverage of them.

More…