Breaking News
Biden Satisfies No One With Lackluster Speech Decrying 'Antisemitism & Islamophobia'
New Peter Schiff Interview: Proposed Taxes Are Blatantly Illegal
The Death of Ireland and Replacement of the Irish People–The Conquest of Ireland and the UK...
Insect Biodiversity Plummeting As Global Food Supply Teeters Toward Collapse
Top Tech News
The first reverse microwave in the U.S.: you can have it at home to save energy while cooking
BREAKTHROUGH : Lightsolver Makes Ultrafast Laser Based Computers
$300,000 robotic micro-factories pump out custom-designed homes
$300,000 robotic micro-factories pump out custom-designed homes
Skynet Has Arrived: Google Follows Apple, Activates Worldwide Bluetooth LE Mesh Network
The Car Fueled Entirely by the Sun Takes Huge Step Towards Production
A new wave of wearable devices will collect a mountain on information on us...
Star Trek's Holodeck becomes reality thanks to ChatGPT and video game technology
Blazing bits transmitted 4.5 million times faster than broadband
Rewiring
"This Is Too Stupid For It Not To Be The Plan" Holter Hammers Globalist Agenda...
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, and that means interest rates will go higher, and that will put on much more pressure..."
" We are at 4.65% on the 10-Year Treasury now. We went from 3.75% to 4.65% (in a short amount of time). We run through 5% on the 10-year Treasury, and everything blows up. . . . The bottom line here is we are at the end game of a fiat currency. Young people have never experienced high inflation. . . . Where we are this time around, Paul Volker (Fed Head in 1979) was able to raise rates to 16% or 17% and crush inflation. He was able to do that because there was not a ton of debt. The U.S. debt back in 1980 was 35% of GDP. Now, it is 125% plus debt to GDP. If you raise rates to 6% to 8%, you will blow up the entire system because much of this debt was put on during the 1% to 3% interest rate time. . . . The inflation is going to push rates higher no matter what the Fed says."