Bill interviews with Chris Marcus at Arcadia Economics
Author: kbillholter
Bill interviews with Chris Marcus at Arcadia Economics (Also posted under Interviews)
Bill’s Commentary:
“What if?”
A World Priced In Gold
Pretend, for a moment, that it’s 1971 and you’re President Richard Nixon (admittedly disturbing fantasies, but bear with me). You face the perennial government income/outflow dilemmas, and other countries, noting your struggle, are trying to cash their dollars in for your limited pile of gold bars.
But this time around you don’t cave and “close the gold window,” ushering in the Age of Fiat Currencies. Instead, you cut spending and raise revenues however you have to. You balance your budget and convince your trading partners that the dollar remains “good as gold.”
Thanks to you, the US and by extension the world remains on the post-WW II Bretton Woods quasi gold standard. And what follows is very different.
Bill’s Commentary:
“When the system comes down and people lose everything, they will absolutely beg for a CBDC and “universal basic income.” So sad …”
Bill’s Commentary:
“Jerome Powell fesses up the truth!”
Bill’s Commentary:
“Like I said a few days ago, we don’t need no stinkin’ economy as long as we have the Dow Jones!”
The Sahm rule has triggered: markets, please prepare for landing
The economic cycle is at an interesting inflection point where the effects of higher interest rates are becoming evident in numerous ways, be it a slowdown in the labour market, falling inflation, or wavering consumer and business confidence. Whilst a lower rate of inflation is welcomed, the important question remains: have interest rates been too high for too long, and has this caused irreparable damage to the economy in its current cycle? In this blog, I discuss the breaching of the Sahm rule, and whether the Federal Reserve (Fed) can manage to coordinate a ‘soft landing’, where monetary policy tools are used to reduce inflation to target levels, without pushing the economy into a recession.
Before assessing whether the Fed might be able to achieve this goal, let’s take a step back and assess how the recent inflation predicament arose.
Bill’s Commentary:
“We (the West) screwed China out of silver over 100 years ago… we’re about to get screwed by multiples as payback. They do, as you know, have a very long lasting memory…”
China’s Strategic Silver Takeover: A Calculated Move to Drain the West
A Hidden War for Economic Dominance
While the world has been focused on the geopolitical tensions between China and the West, a more subtle battle has been unfolding in the global financial markets. China, through a series of calculated moves, has been quietly accumulating vast quantities of gold and silver. This move has signaled a potential shift in the global economic landscape and highlights the developing countries’ need for exorbitant amounts of resources.
Silver: China’s Secret Weapon
In addition to its gold hoarding, China has also been strategically increasing its silver reserves. The Shanghai Metals Exchange has seen a significant surge in silver trading volume, with prices consistently higher than those on Western exchanges. This suggests that China may be deliberately driving up the price of silver to drain the West’s resources.
Bill’s Commentary:
“I wish Erik would just tell us how he really feels instead of holding back so much…!”
The latest from Erik –
Bill’s Commentary:
“Their meeting in October is just around the corner!”
BRICS Makes Massive De-Dollarization Announcement
As the BRICS economic alliance continues its work to shift global finance, the group has made a massive de-dollarization announcement. Indeed, the bloc has expressed a notable milestone in its quest to lessen international reliance on the US dollar.
The collective has not been shy about its stance against the currency. Since 2022, the group has contested Western sanctions on Russia following the invasion of Ukraine. That led to a massive initiative to promote local currencies and even develop a BRICS native payment system. Those goals took a massive step forward this week.
Bill’s Commentary:
“Free abortions and vasectomies outside the DNC convention? And paid “influencers” to spread their word? Seems totally normal …right?”
Chicago DNC Event Features Bizarre List Of Guests And Speakers
It might sound trite these days to suggest that the political left has become an ideological cult, but when a group like this becomes increasingly more bizarre in their behavior with each passing month it’s hard to ignore the greater implications. As the Democrats try to make a clean getaway from Joe Biden’s disastrous presidency they have adopted an odd marketing strategy that one can only describe as “tortured optimism.”
Bill’s Commentary:
“This pretty much confirms what I have said for several years now, the best place to “hide” from woke bullshit and government trying to shove skittles and unicorns down your throat …is Russia!”
Russia Offers Foreign Nationals Escaping ‘Destructive NeoLiberal Ideals’ Safe Haven
The Russian government says it will begin accepting visa applications from foreign nationals seeking to escape “neoliberal ideals.”
On Monday, Russian President Vladimir Putin signed a decree inviting world citizens fed up with far-left policies to come to Russia.
Applicants must reject leftist policies in their own countries “aimed at imposing destructive neoliberal ideals on people, which run counter to traditional Russian spiritual and moral values.”
Bill’s Commentary:
“It’s only 29 straight down months, what’s the big deal? Everything is fine!”
US Leading Economic Indicators Plunge For 29th Month – Worse Than COVID Lockdowns
WTF is going on…
We have Kamala-nomics propoagandists expounding that price-controls are good for deflation and half of America believes it…
And now, we have US Leading Economic Indicators down for their 29th straight month – at a level worse than the trough of COVID lockdowns…
Bill’s Commentary:
“When I was growing up, we were told that if we worked hard we could succeed and become successful. Now, we are being told that if we become successful, they have the right to steal our shit?”
Bill’s Commentary:
“Qui bono? Can you say USA USA USA!”
‘Keep quiet’ Tusk tells Germany over Nord Stream revelations
Polish Prime Minister Donald Tusk has ordered “all initiators and patrons” of the Nord Stream pipelines to “keep quiet” following the revelation that Ukraine might have been behind the 2022 attack on the infrastructure and that Poland may have been in on the scheme.
The pipelines were seen as a critical part of Germany’s energy infrastructure before their destruction, with numerous successive Berlin governments backing their continued use and expansion.
Shortly after it was put forward that Kyiv and Warsaw may have been co-conspirators regarding the attack, Tusk posted on X that those who benefited from Nord Stream were at fault.
Bill’s Commentary:
“According to the Justus department, none of this is illegal if you are part of the club!”
What Does the House Impeachment Inquiry Report Say?
The impeachment inquiry into Joe Biden, formally adopted by the House of Representatives in December of last year, has released its final report and recommendation. Prepared by the Oversight and Accountability, Judiciary, and Ways and Means Committees, the report concludes that investigators have “accumulated evidence demonstrating that President Biden has engaged in impeachable conduct.”
According to the House investigating committees, Biden—while serving as vice president to Barack Obama—abused his office for monetary gain for himself and his family. The report states that “the Biden family and their business associates received tens of millions of dollars from foreign interests by leading those interests to believe that such payments would provide them access to and influence” with the U.S. federal government through then-Vice President Biden.
Bill’s Commentary:
“Proof positive the woman knows nothing about economics nor finance …”
In First Policy Speech, Harris Offers Little Details on ‘Soviet’ Price Control Scheme
In her first policy speech as the Democratic presidential nominee, Kamala Harris officially proposed her economic plan to address the high cost of living but failed to offer additional details on what economists have called her “Soviet” price control scheme.
During the North Carolina rally, Harris said her price gouging plan—a phrase she mispronounced as “price gaging”—would pose “new penalties” for companies that “exploit crises and break the rules” and support “smaller food businesses that are trying to play by the rules and get ahead.” But Harris failed to address the concerns of top economists who slammed the proposal, first introduced on Wednesday, for being bad communist policy.
Bill’s Commentary:
“Some common sense from Erik for the weekend.”
The latest from Erik –
Bill is interviewed by Texas Silver -Part 3 of 3 (Also posted under Interviews)
Bill is interviewed by Liberty and Finance (Also posted under Interviews)
How To Use SILVER When Credit Fails | Bill Holter
Bill Holter (https://billholter.com) warns of a collapse of the credit system and emphasizes the vital role of precious metals. He predicts that as the credit-based financial system fails, only tangible assets like gold and silver will retain value. Holter advises focusing on easily recognizable and hard-to-counterfeit forms of silver, such as constitutional silver, and cautions against relying on ETFs that may not hold physical metals. His message underscores the need to secure physical precious metals in preparation for a potential systemic collapse.
Bill’s Commentary:
“Sadly, this is NOT The Onion or Babylon Bee…”
Secret Service Agent Abandoned Post Guarding Trump To Breastfeed: REPORT
A female Secret Service agent abandoned her post to breastfeed a child right before former President Trump’s North Carolina rally Wednesday, Real Clear Politics’ Susan Crabtree reported.
The site agent, in charge of security for the entire event, found her breastfeeding her child in a room that was supposed to be set aside for Secret Service “official work,” five minutes before Trump’s motorcade arrived, according to Crabtree.
The woman, who came from the Atlanta Field Office, was in the room with two other family members, Crabtree reported.
Bill’s Commentary:
“Please understand that the fears back in 1980 are the reality today… times 1,000 or more. This clip from the movie Rollover portrays exactly where we are, but even more so because of the advent and orgy of financial derivatives. I am taking a couple of days off and leave you with this trailer to contemplate.”
Bill’s Commentary:
“For your review, the White Paper on “the Unit”, the proposed currency to come forth from the BRICS.”
The UNIT white paper
The UNIT fractal monetary ecosystem introduces a practical approach to creating essentially “apolitical money” that can be freely used as a storage of value or currency for payments via any open payment and clearing system, while providing long-term purchasing power stability. The UNIT ecosystem is proposed as a solution to the basic lack of trust problem stemming from the politicization of the use of a single global currency and constraints on its use for valuation and settlement of trade and capital flows.
We introduce the fractal monetary framework, which allows global financial system to function without directly using any national currencies for international trade and reserves. The UNIT is designed to serve as a convenient and stable global currency alternative within the existing financial infrastructure. It is also expected to be more resilient than any national currency to political exigences of the day.
Bill is interviewed by Texas Silver
Episode 2 with Aaron at Texas Silver
BillHolter.com 