BillHolter.com

Bill is interviewed by Bo Polny. Please be patient – this takes a minute to load. (Also posted under Interviews)

Bill’s Commentary:

“How high can gold and silver go? When a currency dies, the answer is “infinity”!”

Hyperinflation: Wiemar, Germany January 1919 to November 1923
[Expressed in German Marks needed to by an oz. of ag. or au.]”

Jan. 1919
Silver 12
Gold 170

May. 1919
Silver 17
Gold 267

Sept. 1919
Silver 31
Gold 499

Jan. 1920
Silver 84
Gold 1,340

May 1920
Silver 60
Gold 966

Sept. 1921
Silver 80
Gold 2,175

Jan. 1922
Silver 249
Gold 3,976

May. 1922
Silver 375
Gold 6,012

Sept. 1922
Silver 1899
Gold 30,381

Jan. 1923
Silver 23,277
Gold 372,447

May. 1923
Silver 44,397
Gold 710,355

June 5, 1923
Silver 80,953
Gold 1,295,256

July 3, 1923
Silver 207,239
Gold 3,315,831

Aug. 7, 1923
Silver 4,273,874
Gold 68,382,000

Sept. 4, 1923
Silver 16,839,937
Gold 269,429,000

Oct. 2, 1923
Silver 414,484,000
Gold 6,631,749,000

Oct. 9, 1923
Silver 1,554,309,000
Gold 24,868,950,000

Oct. 16, 1923
Silver 5,319,567,000
Gold 84,969,072,000

Oct. 23, 1923
Silver 7,253,460,000
Gold 1,160,552,662,000

Oct. 30, 1923
Silver 8,419,200,000
Gold 1,347,070,000,000

Nov. 5, 1923
Silver 54,375,000,000
Gold 8,700,000,000,000

Nov. 13, 1923
Silver 108,750,000,000
Gold 17,400,000,000,000

Nov. 30, 1923
Silver 543,750,000,000
Gold 87,000,000,000,000

Read more here…

Bill’s Commentary:

“The more things change, the more they stay the same. The sins of the GFC have never been fixed!”

“Sixteen days after the big bank cartel had posted its September 12, 2023 letter attacking the newly proposed increase in capital rules, the Federal Reserve issued a suspiciously timed announcement of how banks could game the newly-proposed capital rules, with the Fed’s blessing, through the use of a specific style of capital relief trade. The Fed wrote as follows:

“In some synthetic securitizations, a Board-regulated institution transfers the risk of a reference portfolio of on-balance sheet exposures to a special purpose vehicle using a guarantee or credit derivative. The special purpose vehicle issues credit-linked notes to investors, and the Board-regulated institution takes the cash proceeds of the notes as collateral supporting the special purpose vehicle’s performance on the guarantee or credit derivative.

“Under the Board’s capital rule, a Board-regulated institution can recognize the credit risk mitigation of the collateral on the reference portfolio under the rules for synthetic securitizations provided that the requirements in section 41 or 141, as applicable (12 CFR 217.41, .141), are met and that the transactions satisfy the definition of ‘synthetic securitization’ (12 CFR 217.2, ‘synthetic securitization’).”

All you need to know about the above two paragraphs is that the words “synthetic” and “special purpose vehicle” and “credit derivatives” played a central role in crashing Wall Street and the U.S. economy in 2008. The Federal Reserve has apparently learned nothing from the worst financial crash since the Great Depression.”

Wall Street Mega Banks Have Created a Circular Firing Squad with Credit Derivatives and Capital Relief Trades – with the Fed’s Blessing

Bill’s Commentary:

“Our pal pastor Stanley sends us an article re the Egyptian pound collapsing. Collapsed currencies will be commonplace and whether it be gold, silver or even a cup of coffee, the price goes to the moon when the currency approaches zero …”

Silver Spikes 62% – Overnight – in Egypt on Devaluation…Illuminates the Need for Precious Metals

From ‘Egyptian pound steadies after devaluation, IMF deal’:

Egypt has promised a move to a more flexible exchange rate system in the past, only to resume holding the currency at a fixed rate, while much of the economy depended on a black market rate that fell as low as 70 pounds.

Central bank governor Hassan Abdalla described the black market trading as a “disease” that reflected a lack of trust in the financial system.

“Thankfully, I can stand here today and say we have enough to fulfil our obligations and more,” he told reporters at a rare press conference late on Wednesday. (REUTERS 3/7/24)