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  • Bill’s Commentary:

    “I feel I need to comment on this video; 

    “STOP IGNORING WHAT HOLTER IS SAYING – HIS LAST 3 PREDICTIONS WERE 100% ACCURATE…”

    I have no idea who is behind “John AG”, but as I have previously written regarding his other videos, I believe he is about 90% correct. Most of his errors are dates and timelines. I assure you I never ever talk about price and dates at the same time, he is mistaken on his timeline to $50, and I certainly never gave out any date(s) as to when it would occur. I have publicly said many times that silver should have pierced $50 many years ago but did not due to outright manipulation, of this we have proof.  I also did not predict $120 in January, however, I did say that 

    $100 seemed to be a logical price target when silver traded $65-70. His broad strokes on economic/financial/derivatives are very sound, and I believe to be correct. Warren Buffet calls derivatives “weapons of mass financial destruction”, it will be derivatives that crater the entire financial system. Of this, I am 100% confident because math is math and it does not lie.

      While it is nice that someone put together a “puff piece” on me, I did not make the calls he claims. I am a broad picture guy and take an aerial view. I moved to Texas in the late 80’s during the oil bust and bought a foreclosed, 6-month-old 4,000 sq/ft house on water for $139,000. Back in 1997 when gold dropped below $335 it was game on for me because the cost of production was about $350. Any time you can buy something below the cost of construction/production, you will make money. I also “retired” and left the United States in Nov. 2006. Three Bear Stearns hedge funds gated investors in February 2007, this was good timing for what was to come and a very difficult decision because I had built up one of the largest physical gold, silver and mining share positions in the US for a retail broker. I continue to accumulate physical metals for clients and have done so since returning to the US in 2011. And while we are on predictions, I should say that most of our “conspiracy theories” have turned out to be conspiracy facts, proven facts. 

      Lastly, trying to predict “price and time” is a fool’s game. The only thing you need to know, is that when derivatives detonate, it is game over! You are either in, or out. There will be few scraps left of whatever you held in the system, and buying gold or silver will not be an option because there will be none for sale. THAT’S my prediction!”

    STOP IGNORING WHAT HOLTER IS SAYING – HIS LAST 3 PREDICTIONS WERE 100% ACCURATE…

    Bill’s Commentary:

    “COMEX will soon be irrelevant?”

    End of Western Hegemony Over the Prices of Gold and Silver?

    You may recall the period following the 2008 systemic crash and the attempts to implement the Dodd-Frank rules to regulate banks. At the CFTC (Commodity Futures Trading Commission), the regulator of commodity futures markets, a team of “incorruptibles” was assembled. The task was particularly difficult: a CFTC official earned on average barely more than $3,000, and at best $4,000, while facing extremely powerful banks that regularly manipulated the precious metals market. These banks amassed millions of dollars and didn’t hesitate to try to influence those who sought to obstruct them.

    At the time, Bart Chilton, one of the five commissioners of the CFTC, made commendable efforts to expose price manipulation by these dominant banks acting in concert. He unfortunately passed away following an illness. Under his authority, twenty prosecutors were tasked with enforcing the law. As of today, none remain; the last one resigned on Monday, February 23.

    Read more here…

    Bill’s Commentary:

    “It’s coming!”

    Bill,
    $37 trillion, $38 trillion, $39 trillion all within a year!
    Suddenly I’ve become desensitized to the numbers. For now. Until a pack of gum runs me $500.
    Wolfgang

    New data from the Treasury Department released on Wednesday showed that the gross national debt reached $39,016,762,910,245.14 as of March 17.The $39 trillion milestone comes about five months after the national debt reached $38 trillion for the first time in late October 2025, which closely followed the $37 trillion milestone being surpassed just two months earlier in mid-August.

    US national debt breaches $39 trillion milestone for first time amid spending surge

    The U.S. national debt reached another historic milestone on Wednesday as it surpassed $39 trillion for the first time as the federal government’s persistent budget deficits send the debt soaring higher.

    New data from the Treasury Department released on Wednesday showed that the gross national debt reached $39,016,762,910,245.14 as of March 17.

    The $39 trillion milestone comes about five months after the national debt reached $38 trillion for the first time in late October 2025, which closely followed the $37 trillion milestone being surpassed just two months earlier in mid-August.

    America’s debt has grown rapidly over the last decade as the population ages and federal spending on Social Security and Medicare rises. Another key driver of the surging debt is interest expenses incurred from servicing the debt, which have swelled due to higher interest rates meant to curb inflation as well as the growth in the debt itself.

    Read more here…

    Bill’s Commentary:

    “Why is it always the “loving and caring people”?”

    “Another Depraved Leftist: Many Such Cases…”

    An Oregon high school principal placed on leave for celebrating the assassination of Charlie Kirk has been sentenced to five years in prison for possession of child abuse material.

    Jeremy P. Williams, former head of Rainier Junior-Senior High School, now joins a disturbing list of leftists in education and politics whose public anti-conservative rage masked far darker realities threatening children.

    Williams pleaded guilty to three charges of possessing sexually explicit images of minors. He was initially hit with 13 counts after the Cowlitz County Sheriff’s Office received tips from the National Center for Missing and Exploited Children on Aug. 28.

    Bill’s Commentary:

    “The author is correct Wolfgang. Bill”

    Bill,
    "CIVILIZATIONAL DISASTER".
    Has a morbid ring to it. I feel we'll be hearing this catch phrase more often, and sooner than we think.
    Informative article below on bank runs, past and future.
    Right now it appears banks are updating their Terms of Service. You will be limited as to how much you can withdraw or even transfer, if any at all.
    At least until the Fed steps in to provide massive bank bailout liquidity (money printing), which will result in hyperinflation 9 to 12 months later.
    The author states: A genuine financial crisis now would be a civilizational disaster.
    Wolfgang

    What Would A Bank Run Look Like Today?

    The movie “It’s a Wonderful Life” (1946) features what is today the most famous bank run. It’s film and fiction, yes, but fits with a scenario that has been common for centuries. When the movie came out, the bank runs of 1930–1932 were very much in people’s memory. For older people, they remember the Panic of 1907. Before that, there was the Panic of 1893, the Panic of 1873, the Panic of 1837, and the Panic of 1819.

    Panics and banking go together and have for 500 years.

    It’s funny that we call them panics, as if people randomly start hurling themselves around in irrational fear. All that’s really going on is that people want their own money and ask for it. Customers grow concerned that the bank—which makes loans on deposits—has overextended and cannot make good on its redemption promises.

    Read more here…

  • Bill’s Commentary:

    “I feel I need to comment on this video:

    “STOP IGNORING WHAT HOLTER IS SAYING – HIS LAST 3 PREDICTIONS WERE 100% ACCURATE…”

    I have no idea who is behind ‘John AG,’ but as I have previously written regarding his other videos, I believe he is about 90% correct. Most of his errors are dates and timelines. I assure you I never ever talk about price and dates at the same time, he is mistaken on his timeline to $50, and I certainly never gave out any date(s) as to when it would occur. I have publicly said many times that silver should have pierced $50 many years ago but did not due to outright manipulation, of this we have proof.  I also did not predict $120 in January, however, I did say that $100 seemed to be a logical price target when silver traded $65-70. His broad strokes on economic/financial/derivatives are very sound, and I believe to be correct. Warren Buffet calls derivatives “weapons of mass financial destruction;” it will be derivatives that crater the entire financial system. Of this, I am 100% confident because math is math and it does not lie.

    While it is nice that someone put together a “puff piece” on me, I did not make the calls he claims. I am a broad picture guy and take an aerial view. I moved to Texas in the late 80’s during the oil bust and bought a foreclosed, 6-month-old 4,000 sq/ft house on water for $139,000. Back in 1997 when gold dropped below $335 it was game on for me because the cost of production was about $350. Any time you can buy something below the cost of construction/production, you will make money. I also “retired” and left the United States in Nov. 2006. Three Bear Stearns hedge funds gated investors in February 2007. This was good timing for what was to come and a very difficult decision because I had built up one of the largest physical gold, silver, and mining share positions in the US for a retail broker. I continue to accumulate physical metals for clients and have done so since returning to the US in 2011. And while we are on predictions, I should say that most of our “conspiracy theories” have turned out to be conspiracy facts -proven facts. 

    Lastly, trying to predict “price and time” is a fool’s game. The only thing you need to know is that when derivatives detonate, it is game over! You are either in, or out. There will be few scraps left of whatever you held in the system, and buying gold or silver will not be an option because there will be none for sale. THAT’S my prediction!”

    See video here…

    Bill’s Commentary:

    “In the end, Mother Nature will trump the lack of “rule of law” in these markets.”

    End of Western Hegemony Over the Prices of Gold and Silver?

    You may recall the period following the 2008 systemic crash and the attempts to implement the Dodd-Frank rules to regulate banks. At the CFTC (Commodity Futures Trading Commission), the regulator of commodity futures markets, a team of “incorruptibles” was assembled. The task was particularly difficult: a CFTC official earned on average barely more than $3,000, and at best $4,000, while facing extremely powerful banks that regularly manipulated the precious metals market. These banks amassed millions of dollars and didn’t hesitate to try to influence those who sought to obstruct them.

    At the time, Bart Chilton, one of the five commissioners of the CFTC, made commendable efforts to expose price manipulation by these dominant banks acting in concert. He unfortunately passed away following an illness. Under his authority, twenty prosecutors were tasked with enforcing the law. As of today, none remain; the last one resigned on Monday, February 23.

    Read more here…

    The latest from USA Watchdog –

  • Bill’s Commentary:

    “The problem is this: they cannot print oil and drop it off where needed. By the way, how much will be left in the SPR… if more is needed in another emergency?”

    U.S. To Begin 86-Million-Barrel SPR Dump Next Week Via Exchange Program

    The speed of the energy shock rippling out from the U.S.-Iran conflict in the Middle East and the near-paralysis of the Strait of Hormuz forced the 32-member IEA last week to approve a 400-million-barrel release from Strategic Petroleum Reserves to help cushion the blow to the global economy. The bulk of that supply will come from the U.S., with the Trump administration preparing a request to exchange 86 million barrels of crude oil as soon as next Wednesday.

    The planned U.S. SPR release of 86 million barrels of crude, part of a broader 172 million-barrel U.S. release and part of the IEA’s “historic” 400-million-barrel emergency release action plan across 32 nations to shield economies from the worst energy shock ever to hit the world, has been altered by the end of the week.

    Read more here…

    The latest from USA Watchdog –

    Bill’s Commentary:

    “I guess we will know who is correct in the short term soon enough? I see Iran without an air force nor navy, that is not “winning.” Long term (maybe measured in only months?) the $ is toast. As I posted, this military operation is not going over well with the BRICS nations (and new pledges). This is incredibly dollar bearish no matter what the military outcome.”

    The latest from Erik –

  • Bill’s Commentary:

    “We told you it was all about credit, you will soon see this to be true…”

    Deutsche Bank Dumps After Flagging $30 Billion Exposure To Private Credit

    Yet another canary in the ever growing coalmine that is private credit appeared this morning as Deustche Bank’s annual report flagged a significant €26 billion ($30 billion) exposure to private credit, an asset class that’s grappling with fund redemptions, scrutiny of underwriting standards and the impact of AI on some borrowers such as software makers.

    As the slow-motion train-wreck gathers steam (most recently with Morgan Stanley, Cliffwater, and BlackRock gating investors in their private credit funds), investors are searching various financial entities balance sheets for exposures with the giant German lender itself warning:

    “Failures of a select number of sub-prime lenders in the U.S. increased investor focus on risks associated with private credit and raised wider concerns around underwriting standards and fraud risk.”

    Read more here…

    Bill’s Commentary:

    “Again, it is ALL about credit!”

    Failed German 10 Year Government Bond Auction is a ‘Canary in a Coal Mine’

    This is a short, but important article.

    Short because there is not a ton of info out ‘there’ about the actual particulars of yesterday’s German Government bond auction.

    Important, because when a 1st world sovereign power can’t sell enough debt to cover its stated needs, a canary just died in the coal mine-so to speak.

    The publications of investing.com, gotrade.com and Bloomberg have articles up about the German Gov’t bond offering of one day ago. And yes, the war does have something to do with inflation and rates going up a bit. The above articles reported the rate of the new bond, but not much else. Big deal.

    Read more here…

    Bill’s Commentary:

    “I disagree with Erik on this one. I believe he is wrong in the short run but right in the long run, but for different reasons. Iran is getting the snot beaten out of them currently and there may not be much left afterwards. The US on the other hand, has given the world quite a display of ordnance use. But what will happen should there be a problem elsewhere such as Taiwan? Have we spent too much ammo or unveiled previous unseen weaponry? Not to mention the world coming together in BRICS fashion which destroys the dollar. I believe Ron Paul is correct, this “excursion” may very well be exposure the dollar cannot handle?”

    The latest from Erik –

  • Bill’s Commentary:

    “True story!”

    Bill’s Commentary:

    “A good one from Chris Marcus”

    Why Gold & Silver Haven’t Rallied After Breakout of Iran War

    The gold and silver prices are rallying today, perhaps seemingly paradoxically so, given how this comes on the heels of Donald Trump saying last night that the Iran war will be over ‘very soon.’

    Yet the gold futures are having a big day and are currently up $98 to $5,201, while the silver futures are up $3.75 to $88.26.

    Read more here…

    The latest from USA Watchdog –

  • Bill’s Commentary:

    “Filled out ballots? From various other states? How is this even possible? …And it’s now over 5 years later?”

    FBI secretly seizes election records from Arizona’s largest county as voting probe expands

    The FBI is expanding its criminal probe into suspected election irregularities, secretly obtaining a large tranche of voting records from Arizona’s largest county with a recent grand jury subpoena, multiple people familiar with the probe told Just the News.

    The sources, who spoke only on condition of anonymity because of the secrecy of the grand jury probe, said FBI agents are receiving terabytes of electronic election data from Maricopa County, about a month after the bureau first disclosed an investigation into election irregularities by raiding a warehouse near Atlanta and seizing ballots from the 2020 election conducted in Fulton County, Georgia’s largest metropolis.

    The subpoena comes five years after the GOP-led Arizona state Senate conducted a lengthy investigation into the 2020 election and concluded there were significant irregularities.

    Read more here…

    Bill’s Commentary:

    “The first casualty of war is TRUTH!”

    The latest from Erik –

  • Bill’s Commentary:

    “The gates are closing!”

    Has the Great Taking Begun?

    If you (like me) keep mixing up Blackstone and BlackRock, you can relax now. They’re both in serious financial trouble, so you can assert that either is “imploding” and be more-or-less right:

    BlackRock fund limits withdrawals as redemptions rattle private credit

    (Reuters) – BlackRock (BLK.N) said on Friday it has limited withdrawals from a flagship debt fund ​after a surge in redemption requests, as investor worries mount around the $2 trillion private credit industry.

    Shares of the world’s largest asset ‌manager fell 6.7% on the New York Stock Exchange, amid a broader market selloff after worse-than-expected U.S. jobs data and escalating U.S.-Israeli war against Iran.

    Read more here…

    The latest from USA Watchdog –

  • Bill’s Commentary:

    “A history of monetary collapse.”

  • Bill is interviewed by Andrew Maguire (Also posted under Interviews)

    Silver Strain Rocks Global Markets Ft. Bill Holter

    In this week’s Live from the Vault, Andrew Maguire and Bill Holter explain why silver has become the critical pressure point in the global derivatives system, as surging physical delivery demands collide with rapidly tightening exchange inventories.

    With futures contracts representing far more silver than exchanges can deliver and physical markets in Asia trading at persistent premiums, the experts highlight how mounting stress in Western futures markets could spark a historic breakdown.

    Read more here…

    Bill’s Commentary:

    “The BRICS want to make sure that physical trumps paper as they want real and fair “settlement.” They will prevail. Something no one has even whispered yet is that Iran is absolutely critical to a functioning “Silk Road”. Does anyone really believe when push comes to shove, that China/BRICS will not attack the Achilles tendon of Western finance directly? Frank Giustra is correct. Your standard of living is about to drop… I ask, got gold? Got silver?”

    ‘Paper gold is over’ as BRICS nations build dollar-free payments

    Beaver Creek, Colorado – Canadian dealmaker Frank Giustra says the age of paper gold is ending as BRICS nations stand up a parallel financial system that routes around the US dollar and prizes deliverable metal.

    “We’re now, believe it or not, in the era of hard money,” Giustra said Tuesday in a conversation with Alex Deluce of the Ontario-based bulletin Gold Telegraph at the Precious Metals Summit. “If you own paper gold, you do not own gold. When the crunch comes, it will not be there.”

    China and partners among the BRICS (Brazil, Russia, India, China and South Africa) nations are building a system to mirror Western finance. It spans payments, settlement, depositories, ratings and swap lines – all outside the dollar. It downplays paper gold, products like gold exchange-traded funds, sovereign gold bonds and gold futures that represent a stake in gold’s value without physically possessing the metal.

    Read more here…

    Bill’s Commentary:

    “…it is ALL about credit!”

    Big Lenders’ Risky Loans Are Rattling Wall Street

    Blue Owl Capital, a giant Wall Street lender, used to do just about anything for attention. It hosted investment advisers at five-star resorts, advertised on digital billboards, slapped its logo on professional tennis players and hosted a pickleball tournament in Central Park.

    But for the past few weeks, Blue Owl has been the talk of Wall Street for an altogether different reason. It has been trying to convince investors that its $300 billion portfolio of investments and loans is actually worth what Blue Owl says.

    Despite a blitz of conference calls, media interviews and news releases, Blue Owl appears not to have resolved the miasma surrounding the firm. Rather, its efforts to calm many investor jitters may have contributed to worries that Wall Street is on the precipice of a broad, new credit crisis. On Tuesday, Blue Owl stock was down as much as 9 percent, nearing its lowest point as a public company. The share prices of other large lenders also fell.

    Read more here…

    Bill’s Commentary:

    “Our pal Grizzly checks in with a response to Erik”

     Mornin. 

    Now we’re talkin!

    My opinion on your opinion does not matter as I believe you are free to write what you want and would never want that freedom denied. As I’ve stated, I often grow weary of the constant complaining but that’s your right as well. 

    I think about this topic nearly daily and I believe you’ve hit on the crux of the issue as I see it. The federal government, really all levels of government in this two party charade have grown to be fat, bloated ticks off our blood , our time, our treasure and our talents. 

    The pendulum swings. I put up with so many years of the pendulum stuck in the left as if defying gravity. Now it’s swung somewhat back towards the right  but never gets even to the middle and definitely not far enough to the right for me who wants the most limited of limited (read barely existent) federal government. I’m not stuck in the middle. I’m stuck in the far right (bad connotation nowadays) merely wanting to be left alone – which is, I believe, an “ancient” attitude of this nations explorers, pioneers and early settlers.  But we always lose. We’re never allowed to be left in peace – someone always shows up to build a school, a church and then a government building from which soon are flowing a myriad of new regulations – under the guise of “progress” and the freedom to live as we want and as our Creator has allowed, is usurped little by little. The desire/responsibility to help family and neighbors is exchanged for wanting help from the government in some form – and thus the trap slams shut. So the few of us left with this gnawing, innate curse of freedom to the core, takes our pleasure from faith in God; living one with Him in His amazing creation; and trying to be as self-reliant as possible so as to truly be free to live the way we want and with whom we want and not slaves to the system in any form. Perhaps that’s why the late Jim Sinclair and my good friend Bill Holter’s G.O.T.S. teaching has resonated with me from the beginning with me as I’ve tried to live like this as much as possible with kids and businesses for most of my life. Getting out of the system entirely is difficult to do but the journey to get there is worth the effort. I don’t relate to clowns or jokers either. But we will see who is left standing, or at least breathing, when the dust settles on this once great idea of America. 

    Thanks for the articles – all of them, like them or not. Griz”

    The latest from Erik –

  • The latest from USA Watchdog – (Also posted under Interviews)