Posted at 1:30 PM (CST) by & filed under Bill Holter.

This week’s recorded call questions the full faith and credit of the United States from various angles.  We made this week’s call (normally only available to our subscriber) available to the public because we believe it to be such an important subject.  Please scroll past the video link for text and links as footnotes.  ALL of the information is available to the public to see …except many do not want to see the truth because it is so ugly!

Welcome to the 2008 melt down part 2. It was never fixed so now it is back, it has taken longer than we thought but math said it was coming and it is here. How bad will it get? Lets look at some facts.

U.S. Economy Shows Another Decline, Fanning Recession Fears

A key measure of economic output fell for the second straight quarter, raising fears that the United States could be entering a recession — or perhaps that one had already begun.

Full faith? Credit from who? You?                   Welcome to Geoeconomics.  

Can any one name one federal agency that is not plagued with scandals?

How about an agency that is not beholden to the business they are to police?

Has there been any President that is not plagued by scandal or has not been under investigation?
Legal analyst: These are the indicators pointing to ‘severe legal peril’ for Trump 01:47 (CNN)The ice may be finally beginning to crack under ex-President Donald Trump.

Special counsel John Durham has been trying for three years to prove wrongdoing on the part of Hillary Clinton’s 2016 campaign, the FBI or other government officials in their handling of accusations that then-candidate Donald Trump had nefarious ties to Russia

By inaccurately labeling verified evidence as disinformation, FBI officials halted investigative activities related to Hunter Biden in 2020.

If these recent whistleblower revelations are true, it would strongly suggest that the FBI’s August 6, 2020 briefing was indeed a targeted effort to intentionally undermine a Congressional investigation,”

Three-quarters of self-described Democrats or Democratic-leaning voters want the party to pick someone other than President Biden as their standard-bearer in 2024 — and nearly a quarter of them say they don’t believe Biden can win a second term, according to a new poll.

According to the Better Business Bureau’s 2021 Scam Tracker Risk Report, cryptocurrency fraud jumped from the seventh riskiest scam in 2020 to second riskiest in 2021.

The US has entered a recession, New York Mayor Eric Adams said on Thursday, contradicting earlier claims by President Joe Biden that the economy is “on the right path.” 

“We are in a financial crisis like you can never imagine… Wall Street is collapsing; we are in a recession,” Adams said at a New York event hosted by nonprofit Project Hospitality, as cited by Hamodia news outlet. (
Wall Street is collapsing – NYC mayorThe US is in a state of recession, New York Mayor Eric Adams says, quashing claims by President Biden that the e…

President Biden and the White House continue to repeat his denial from the campaign trial in 2019:

“I have never spoken to my son about his overseas business dealings.”

These denials have continued even after an audiotape surfaced showing President Biden leaving a message for Hunter specifically discussing coverage of those dealings.

Some of us have written for two years that Biden’s denial of knowledge is patently false. Indeed, it is baffling how Attorney General Garland can ignore the myriad of references to Joe Biden in refusing to appoint a special counsel.

In a surprisingly longish phone call at over two hours, Chinese President Xi Jinping and President Joe Biden focused on the geopolitical flashpoints of Taiwan and Ukraine on Thursday, speaking by phone for the fifth time. Both sides agreed the call was “candid” and “in-depth”, and concluded by agreeing to stay in touch. However, China state sources are reporting that – in a moment perhaps intent on humiliating the US administration – Xi warned Biden “those who play with fire will get burned.”

In the face of Xi’s firm words on the Taiwan issue, Biden affirmed that the United States does not back Taiwan independence.

On Thursday, former Dallas fed president Richard Fisher slammed House Speaker Nancy Pelosi and her husband Paul over allegations of insider trading.

The pot calling the kettle black?

President Joe Biden refused to admit the economy is in a recession during remarks delivered Thursday afternoon from the State Dining Room 

Biden pointed to strong job numbers remarking, ‘That doesn’t sound like a recession to me’

So how much credit does the US have.

Then why would we need to forgive student debt go get a job and pay your loan

The $839 billion National Defense Authorization Act, approved in a 329-101 vote, is $37 billion more than the administration sought in military spending. House passes $839B defense bill, swatting down Biden’s military plans – POLITICO

Two dozen House Republicans helped pass a $280 billion bill on Thursday to bolster the domestic chip manufacturing industry and subsidize scientific research, bucking GOP leadership’s recommendation to vote against the measure.

The whip announcement came hours after Senate Majority Leader Charles Schumer (D-N.Y.) and Sen. Joe Manchin (D-W.Va.) announced a deal on a $369 billion climate, tax and health care package, which Democrats had been negotiating for months.These are the 24 House Republicans who broke with the party to support chips and science bill | The HillThe LCS is designed to operate in shallow waters close to shore—known as the littorals. The Navy estimates it will cost over $60 billion to operate and support the 35 LCS it plans to build, including the 17 it has already delivered.Feb 24, 2022

But documents obtained by Navy Times warn that cracks can grow if the ships transits faster than 15 knots in seas with maximum wave heights of about eight feet.

Something much bigger than POTUS — call it the MIC or the deep state — has de facto veto power on all matters related to national security.

Writing in the New York Timesveteran foreign correspondent Edward Wong reports that the Biden “administration’s approach to strategic priorities is surprisingly consistent with the policies of the Trump administration.”

What ought to be surprising at this juncture is Wong’s surprise.


The Singapore Economic Forum has emphasized the dynamic aspects of leaders’ decisions. Policy makers and CEOs alike have to “assess constantly techno-economic returns and legal-political risks on a combined geoeconomic plane.”[4] Azerbaijani economist Vusal Gasimli defines geo-economics as the study of the interrelations of economics, geography and politics in the “infinite cone” rising from the center of the earth to outer space (including the economic analysis of planetary resources).[5]

BRICS is our competition. as is  The Shanghai Cooperation Organisation (SCO) is a Eurasian politicaleconomic and security organization.[3] In terms of geographic scope and population, it is the world’s largest regional organization, covering approximately 60% of the area of Eurasia, 40% of the world population, and more than 30% of global GDP.[4]

Large Indian refineries are increasingly turning to smaller and less-known private traders to boost purchases of discounted Russian oil, Bloomberg reported on Friday, citing people familiar with the matter.

A priority for Lavrov’s trip to Egypt, the Republic of the Congo, Uganda and Ethiopia is to show that Russia is not isolated internationally, despite expansive western sanctions. The objective is to portray Russia as an unencumbered Great Power that maintains allies around the globe with whom it can conduct business as usual.

SHANGHAI, July 29. /TASS/. The Shanghai Cooperation Organization should use its potential in practice so as to prevent the further degradation of international relations and curb the spread of Cold War logic worldwide, the organization’s Deputy Secretary General Grigory Logvinov said on Friday.

A Panicking Biden Administration Seeks Talks With Russia

Sino-forming of Global South passes point of no return

NEW YORK – China’s exports to the largest economies of the Global South have nearly doubled from pre-Covid levels to a seasonally-adjusted US$70 billion in June 2022 from $38 billion in June 2019.

Several factors have impelled the surge in Chinese exports, but the most important impulse comes from China’s strategic investment in digital and physical infrastructure, ranging from broadband networks in Indonesia and Brazil to power plants in Turkey and railways in Southeast Asia.

As Western nations question the benefits of globalization, China has become the world’s leading globalizer.Sino-forming of Global South passes point of no return – Asia Times

This all leads to GOLD in the end. Period end of story.

Posted at 5:20 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

The first ever revenue decline?  I guess those weren’t “magic beans” that grow to the sky?  No oxygen, only digital air?  We are moving toward a world where real stuff will be re valued to actual worth…

Meta reports earnings, revenue miss and forecasts second straight quarter of declining sales

Facebook parent Meta reported a steeper-than-expected drop in revenue, missed on earnings and issued a surprisingly weak forecast, pointing to a second consecutive decline in year-over-year sales. The shares dropped 3.8% in extended trading.


Bill Holter’s Commentary

When all is said and done, lawsuits cumulatively like this one will be enough to take insurance companies down,  Do you understand?

Doctor Announces $25 Million Defamation Lawsuit Against Houston Methodist Following Suspension


Posted at 7:17 AM (CST) by & filed under

Join Greg Hunter as he goes One-on-One with financial writer and precious metals expert Bill Holter of for 7.26.22.

Here’s the link:  Whole World is a Banana Republic – Bill Holter | Greg Hunter’s USAWatchdog

The latest is called “Whole World is a Banana Republic – Bill Holter.”  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 for Miles Franklin, 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.” 

There is much more in the 44 min interview.

Posted at 6:55 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

Yield spreads do matter, they ALWAYS do!

No Recession? All Of A Sudden Yield Spreads Are Collapsing

No recession. That was the recent declaration from Treasury Secretary Janet Yellen, noting that consumer spending, industrial output, credit quality, and other indicators don’t suggest economic risk.


Bill Holter’s Commentary

Of course we know why, votes!  But we’ll bet you didn’t know that student loans are THE largest “asset” held by the federal govt?

The Biden administration is considering forgiving the student debt for millions of Americans. Here’s why

The Biden administration is considering wiping out hundreds of billions of dollars in student debt. Its announcement could come as soon as next month.


Bill Holter’s Commentary

General Flynn posted this letter from Missouri’s Attorney General to Christopher Wray, head of the FBI.  This bears watching!

One of the best and smartest letters to the FBI from a State AG ever. Standing up for his state’s citizens is what every State Attorney General must do. Serve your citizens. And the FBI needs to figure out what’s next because the people of America no longer trust you, your institution or your leaders.

Missouri AG, Eric Schmitt’s letter is spot on!!!

Bill Holter’s Commentary

Our pal Dismal Dave from down under could use our prayers as he almost bit the dust last week. He is recovering as you can see below.  We wish him Godspeed in his recovery!  

Dave’s Message

Thanks, Bill! Loads better. Great Doctor and hospital!

This is what I just sent out to my boys and the rest of the family…

How your Mother saved my life.

So, there we were, your Mother and I, at our regular PROBUS monthly meeting, sitting listening to a great guest speaker, when I felt a tad dizzy.

Next thing I knew, I had dropped sideways into her lap, with her pounding my chest, then blowing air into my mouth. (it’s what ICU nurses of long-standing, do. (other ones stop giving a presentation, and take a pulse; 8!!!)).

Because of this incredible good fortune, I was able to sit up and wonder just what I had done to deserve that!

By that time, the ambulance had arrived and my coronary artery bypass surgery adventure had begun.

Not for the faint-hearted…oh…wait

‘bout sums it up; will be quiet for a while, Bill!

Posted at 6:53 AM (CST) by & filed under

Join Greg Hunter from as he goes One on One with CV19 truth warrior Steve Kirsch.

Here’s the link:  CV19 Vax Lies – Greatest Trust Destroyer in Human History – Steve Kirsch | Greg Hunter’s USAWatchdog

The latest is called “CV19 Vax Lies – Greatest Trust Destroyer in Human History – Steve Kirsch.”  Steve Kirsch was a Big Tech CEO who retired from his job after he was double vaxed for Covid 19.  Not long after, he learned the entire injection and Covid narrative did not match the science or the facts.  The vaccines, for example, were not safe and effective as he was led to believe.  Healthy people he knew were dropping dead after they were vaxed.  So, Kirsch who holds two degrees from MIT, started a quest to learn everything about CV19 and the so-called vaccines used to treat it.  In the process, he became a warrior for truth and posted his cutting-edge journalism and analysis that exposed huge Covid19 lies on his wildly popular site.  Kirsch explains, “I actually look at the science to see if that backs up what the recommendations are, and every time, I am surprised to find out the actual science doesn’t match what we are being told.  This is true for the vaccines, this is true for the masks, and for basically any of the interventions we have been told about.  The ‘six feet rule,’ even something as simple as that, you can’t find a paper that says it’s 6 feet as opposed to 7 feet, or 5 feet or whatever.  It’s much more complicated than that.”

Kirsch says, “Whenever I have an audience, I ask people, ‘How many people in your household died from Covid?’  There will be one hand or two hands.  Then I ask, ‘How many people do you know died from the Covid vaccine?’  The last time I asked that question, it was a 7 to 1 ratio.  7 times more people reported a death from the vaccines.  If they are wrong even by a factor of 10 . . . it is still a disaster beyond proportion. . . . I saw a tweet from a doctor saying how much longer are we going to pretend that these (vax death) incidents are just bad luck?  He is basically saying we know the vaccine is causing this, but we can’t speak out because we will be fired and have our hospital privileges revoked.  We will have our licenses to practice medicine revoked.  This is why you are not seeing doctors who realize this speaking out.  They all have to remain silent.”

Kirsch goes on to say, “This is the biggest catastrophe in American history.  Even a member of the EU parliament recently said this.  She said these vaccines are the biggest disaster ever.”

The massive amount of victims of this vaccine fraud are waking up to the fact they have been poisoned and murdered.   Kirsch says, “They are not going to be happy.  I don’t want to predict what they are going to do, but a lot of people are going to be extremely upset.  I think at minimum, they will not trust anything from the CDC, FDA and NIH ever again.  That’s at a minimum, and they won’t trust the mainstream media either.  They won’t trust representations from Congress because most of the people in Congress are saying get your vaccine.  This will destroy trust in the mainstream media, Congress, in the mainstream medical community, in government agencies and medical science in general.  It will be the greatest trust destroyer in human history, these Covid vaccines.  This is not just in the U.S., this is worldwide.  When people figure out that they were told by their government to take a shot that was way more likely to kill them than to save them, people are going to be livid.  It won’t just be a few people that will be livid, it will be a lot of people.” 

There is much more in the 1-hour and 10-minute interview.

Posted at 6:53 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

Of course they do.  Just like they want to redefine gender, free speech, the definition of vaccine, and anything else you can think of including The Constitution!  You can call a duck anything you’d like but does not change the fact that it is still just a duck …or recession in this case.

Ahead of Expected Dismal Economic Data, White House Seeks to Redefine ‘Recession’

White House economic advisers issued a note on Thursday clarifying the definition of recession prior to the release next week of probably dismal economic data.