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.
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.
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.
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 –
BillHolter.com 
As a friend of mine once expressed, most clear thinking men who are in touch with themselves simple want to choose a path for their life, impose on no one, earn an honest living, take a wife, have a family, and be left alone. Busy bodies are the source of much evil, and the rest of evil is from jealousy.
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