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Summary
➡ The article discusses the current volatility in the market, particularly in silver and gold. It suggests that now is a good time to buy as prices are artificially low. However, it also warns of potential risks, including the possibility of a financial system collapse due to broad distrust and a lack of credit. The article ends by advising against trading in this volatile market and instead recommends holding onto gold and silver as there is no safe place to park money in the current financial climate.
➡ It’s crucial to invest with a trustworthy company in the precious metals industry, as many people have lost significant savings in scam gold IRAs. If you suspect you’ve been scammed, it’s important to understand the buyback value of your gold or silver. The current financial system is unstable, with no collateral left to borrow against, making it similar to a Ponzi scheme. Investing in gold and silver, which can’t default, is a safer option, but the amount needed for survival varies depending on individual circumstances and lifestyle.
➡ The text discusses the importance of investing in gold and silver as a means of financial security. It suggests that having $7,500 in silver could feed a family of four for a year, but recommends having at least $15,000 worth for added protection. The text also advises having $100,000 to $200,000 in silver for stability, and emphasizes that gold and silver investments are safe from bankruptcy. The speaker, Bill, runs a website where he shares articles and insights on these topics.
Transcript
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Right now, you can get 25% off with my code Sarah at the link below. For even a better deal, call my friends at Brightcor and get up to 50% off and free shipping. That number is 888-495-8092. Great help starts in the gut, and we have to get these microplastics out of our body. And I recommend you try this today. Welcome to business Game changers. I’m Sarah Westall. I have Bill Holter joining me for the Friday night economic review. I was supposed to have Andy, and he’s out skiing in Colorado. And like Andy, he goes, oh, I didn’t so we got Bill, but Bill is amazing.
I called up Bill, I said, bill, I need you on. And he came on. He’s great. He’s probably one of the few people out there, the analyst that have the mind that of the person I really want to talk to. So it’s a treat having Bill here. He’s an expert. And we’re going to talk about what really happened with the silver and gold market this last past week and the fact that there’s a couple Chinese entities and single individuals dumping millions of ounces. What is going on there? It’s pretty normal at the beginning of the year for conservative contracts to readjust when something goes up extremely like silver.
With silver and gold, Silver went up 177% this past year. They have to readjust because it has to get in line with what their contracts are, especially the conservative ones. But this is beyond that. And he’s going to explain what was actually going in. And there was two days specifically where it looked like it was a targeted measure to lower the prices. And we’re going to discuss that. And I also want to say that this is a pretty sobering conversation. I mean, he’s going to make a case that we are in the middle of the reset right now and that you really need to protect yourself and get prepared.
And we’re estimating that 7,500 to $15,000 worth of silver is what you need just to eat. And if you buy more, it’ll protect yourself, it’ll protect your assets. Right? I mean, I think that’s what’s happening. It’s really hard for people to get their hands on the supply of silver because there’s so much demand. The amount of demand, he’s going to go through that too. What is the demand? Right. Crazy. It’s crazy numbers. We’ve been talking about this for years that this is happening. This is going to come. This is going to come. Well, I think we’re in it right now and you better prepare.
It’s actually kind of good that the numbers are dropped right now. That means it’s kind of a good opportunity right now to buy again. You, you need to take responsibility for your own assets. I am not your financial advisor, but that’s what I’m doing. So I, I hope you are taking that seriously. And if you’re going to do that, I recommend that you buy for Miles Frank. Trust them. Bill Holter. Trust them. Bill also buys from Miles Franklin, but he can rep you and he can help you. So if you are interested in working With Bill, you can go to his website@billholter.com so remember, buy from somebody you trust.
I’ve had hundreds of people come in who have been scammed. Don’t be scammed, especially in times like this. And if you believe you’ve been scammed, you can go to sirwestall.com Miles Franklin and, and we are helping people with that as well. Scammed on your ira. Okay, let’s get into my Friday night economic review with Bill Holter. The great Bill Holter is back. Welcome to the show. Thank you, Sarah. We have a little bit of a delay with your satellite, but I think it’s going to be okay. You have all this wisdom. You’re going to share with us.
The silver and gold markets, we know that they adjust at the beginning of the year, especially when there’s 177% increase. They have to by contract balance out what they have in investments. And that is to be expected. But there was a lot more going on, wasn’t there? Yeah, I mean what happened on Friday and then again what happened last night was all done with paper contracts. I mean this is not physical gold. It’s not physical silver being sold. It’s being done with contracts. And we’ve seen this for years and years, but not to the current extent.
In China there’s actually six different entities that have been shut down by the exchange for a month because they sold more contracts than they’re allowed to sell. Now in the United States that happens regularly. You never hear about it and the regulators do nothing about it. But in China they’ve shut these entities down for six weeks. I’m sorry, for four weeks. And just one entity. And I’ve got to, look, I’ve got to pull this up on my screen. Just One entity sold 30,000 lots. That amounts to 450 tons. It’s 14.5 million ounces. That represents almost 2% of global production.
It is 107% of the warehouse stocks in Shanghai. So the warehouse stocks are 420 tons and this guy has sold 450 tons. What are they doing? Hold on. Just this amount put it in perspective about how much that equates to how much silver we have in storage or how much, you know, if that’s 2% of the global supply, that is absolutely massive. Now there’s, there’s, in Comex, the last number I saw I think was 109 million ounces last month. 40 million ounces and a non delivery month that normally delivers, I don’t know, anywhere from A half a million to 2 million ounces generally for January and February.
January they delivered about a little over 40 million ounces. And so far in February, just after what, four days, there’s 15 million ounces already standing for delivery. Wow. After just four days. Well, how much did he sell again? He sold 450 million ounces. So that’s four to a little less than four times what we have in our. The COMEX has sitting there. Yeah, it’s, it’s, I’m sorry, no. He sold 14.5 million ounces. It’s 450 tons. So I mean it’s not that outsized compared to the total of COMEX inventories, but it is outsized compared to the Shanghai inventories.
Okay, so it would still be, it was still around 14% of the inventories that we would have here, but that would be enough to really affect just one person. Did. We didn’t talk about. That’s just. Right, that’s just one group. Exactly. That. To put this in perspective, if you go back to 19, the late 1970s into 1980 with the Hunt Brothers, the reason that failed was because they got greedy. What they did was they started buying physical silver. They were stockpiling physical silver. Then they got the bright idea that they could use leverage. They could buy options and have those expire and convert those to metal.
And then they started buying futures. And what the Exchange did in 1980 is that they said they would accept no buy orders. You could only sell. And what that did, I mean, it blew out the Hunt Brothers because they could not meet the margin calls they got. They did, had too much leverage. And now you’ve got traders on the short side in China specifically trying to push the price down. Because think about this, Sarah. The silver was down, call it $12 in about 30 minutes last night. Who sells like that? I mean. Oh yeah, who does sell like that? I mean, let’s talk about millions of ounces.
If you’ve got millions of ounces to sell, you don’t just dump it and get the worst price possible. You, you trade around what’s happening and you sell into some strength. This was, was absolutely clear that the operation on Friday, the operation again today, was a price smashing mission. It was specifically used to knock the price down. Where is the price right now? As of us recording this for 75. Okay. It got up to 110, didn’t it? What did it get to? 120. 123, I think was high. The high 123. Now it’s done. It’s just really volatile.
So obviously this is, it’s a great time to buy. Geez, this is a great time to buy. Prices is artificially depressed and that you always want to buy when anything is, when any price is artificial, you want to trade against it. Yeah, this is a great time to buy. The question is, do these entities in China, do they actually have the metal to deliver? And I think the answer is clear that the answer is no. So now what does that do then? Six entities that are short and highly likely that a good portion of it is naked short, which means the silver does not exist to deliver.
What happens then? I mean maybe that’s why they shut them down. What happens when that happens? Well, ultimately what whoever bought the contracts when, if they stand for delivery and they’re told no, that’s basically a default, it’s a force majeure. And that’s where comex, Comex is headed directly toward that. I think it will be in March because that is a big delivery month. What do you think will happen then? Those prices skyrocket, don’t they? Well, prices skyrocket, but that’s not the problem. The problem is investors. It gets thrown open for everyone to see both faced fraud.
Basically they’ve sold what they don’t have and if they cannot deliver, then Comex Silver is going to be seen as a fraud and that will spill over to gold and that will then spill over to all the other futures markets, most importantly the paper, the credit markets. Okay, it’s a trust. If the lack of trust happens, what does that do? I mean, I’m just kind of speculating. It’s like this is new territory, right? I mean have we ever seen this? No, we’ve not. If, if there is broad distrust of the U.S. government of U.S. treasuries of credit, what happens is then credit starts to choke down and the entire world runs on credit.
Whether it be the financial world or the real world where you go into a grocery store to buy food or you’re buying stuff online or you go on a gas station or whatever, everything that you do has already had credit involved to create that asset or that widget, whatever. If credit in, in the real economy starts to shut down, the real economy will, it’ll begin to sputter and it will shut down. I mean the worst case scenario is you get a complete collapse of the financial system. Do you think that could happen? Let me put it this way.
I don’t believe that it’s unlikely at this point. The math, the math just in The COMEX alone doesn’t add up. But if you, if you broaden the math and you say, okay, let’s look at the entire system, we’re at the point now where the US is paying $1.5 trillion a year in debt service, and that’s going to go higher every year. How does that work out? How are these investors going to get paid in dollars in the future that have the same purchasing power as when that money was lent and borrowed? Do you think that’s the trigger point to the reset? That they will have the new system come in at that point and they’ll keep it? Go ahead.
Yeah, I believe it’s the trigger point, to quote the reset. But I also think it’s. It’s the trigger point to the great taking. It’s all going to happen at the same time. The great taking. Do you think that everybody with a mortgage is at risk for the great taking? Well, who’s at risk for the great taking? Very simple. Yeah, it’s not so much mortgages. I mean, mortgages are going to be a problem because people won’t be able to pay them. But the way the laws read, when you deposit money into a bank, you’re no longer a depositor, you’re a lender.
And legally, you’re the most subordinate lender. So you’re only going to get crumbs if there are any crumbs. Same thing with brokerage houses. It’s the haircut deposits. Yeah. When you deposit money and buy a stock or a bond or whatever at a broker, that’s not in your name, that is legally in the name of the broker. So you think they’re gonna go ahead. These laws started. They started putting these laws on the books in 2014, and across the entire Western world, all of these laws are on the books. The ink is dry, and you’re just waiting for the moment.
And so you think that they’re going to just take everything. Well, they took gold back in the 2000 and 30s, whatever, or 1930s. Do you think they’re just going to take all the assets and use the excuse that without this, the whole system is going to collapse? Who knows exactly what the excuse is going to be? But yeah, that’s. That is. They didn’t put these laws on the books to not use them. Well, that’s true. Although they could put it. Yeah, they, they could do it in isolation, one piece at a time and better. But it’s so unethical.
It’s incredible. No, I don’t see that, Sarah. I don’t see them doing it. I’m just throwing that out there. Yeah. If they did it one at a time. Let’s say that, just pick a name. Merrill Lynch. Let’s say that Merrill lynch was the first one to go down and then they, they cleaned out the Merrill lynch customers. That’s first off. There would be a run on everything. Who’s next? In other words, if you get your neighbor lost theirs at a brokerage house, you’re going to want to get yours up so it creates a run. This is going to happen all at once.
It’s going to be an entire systemic move at one time. There’s no way that they can do a piece by piece. I know the banks were expected back in. God, I covered it 2022 under Biden. They had to get all 2023 this spring. No, but I mean there was requirements that the banks. I was talking to bank executives that there were requirements that they had to have all their stuff, all their systems connected so they could do a shutdown all at once. That’s I just remember. Yeah, I don’t remember the exact date when they had that requirement, but it was under Biden and it was about two years ago.
Yeah, that, like I said, not surprising at all. Yeah. Well, so why I said, you know, would they do it in peace? They did it in a bank in North Carolina or south. One of the, or Tennessee, one of the eastern states where the bank and I covered this last year with Andy Schectman. They. It was only a seven million dollar bank. It was a small bank and they did it with like $7 million worth of deposits, but they all took a 50% haircut. Is that the same law that they’re using to do the haircut or is this on top of it? No, well, that’s part of it.
I mean, that’s the reason they’re able to do that is is the money quote on deposit is not on deposit. It’s a long thing. Yeah. So basically it was a long write down. Sarah, I do want to say, I just want to talk very broadly for a moment on silver and gold. What we’re witnessing now with the, the hyper leverage, the hyper volatility, this is the rally that you do not sell. You don’t trade this rally. If you want to trade this rally and get cute and think, okay, I’m going to sell it at 100, I agree.
And buy it back when it goes, goes under 70 and it doesn’t go under 70 and then it becomes unobtainable. Then you’re out. You do not trade, you don’t trade this rally, this is, this is, I want to call it the final rally before we get some sort of credible currency. There’s no credible currency on planet Earth that you could sell your gold, sell your silver, park your money and have it be safe. There is no safe place once you get out of gold and silver. You got into gold and silver in the first place to get out of the system.
You do not want to take a, quote, profit and put your money back into the system because A, you may very well not be able to get your gold or your silver back and B, you’re back in the system. You’re going to be part of the great. Taking just a quick break from the program. I need to share with you an urgent manner about scam gold IRAs and the important need to make sure that you’re working with a trusted company in the precious metals space. I have had hundreds of people come to me now where they have lost 50, 60, 70% of their life savings in these scam gold IRAs.
We are having nearly 100% success rate getting their money back. If you have put your life savings into a gold ira, I implore you to look and see if you have been scammed. Don’t trust the company that sold it to you. Make sure you understand what you can get as a buyback value for the gold or silver that you have in your ira. If you have noticed a significant drop in what you invested in, you have more than likely been scammed. We can help you and there’s no shame. Go to sarahwestall.com milesfranklin fill out that form and we will help you get your life savings back.
So how much do you think somebody needs in order to be safe into this next round? I mean, to be honest, to be able to get through and live and survive. And I know it’s a hard number, but what do you say? Depends on it depends on the individual. It depends on what your expenses are, how you’re used to living. It will take less for somebody who’s a farmer, a rancher, someone who knows how to hunt and fish. It’ll take more for someone who doesn’t have those skills. And I would just caution that when this happens, if you live in a city, good luck.
There’s just too many people. You’ve got to live rural in order to survive what’s coming. You think it’s that bad? You’re seeking seeing Planet of the Apes kind of stuff? We’re not Planet. It’s more like Mad Max kind of thing. Use the word Mad Max. Yeah, I absolutely see that as certainly a possibility. And it’s, I mean, at this point, we’re getting to the point where I’m almost ready to say it’s a probability just because of the math. The way, the way the system is set up with hyper leverage, there’s no collateral left in the world to borrow against.
And our, our fractional reserve system, it must have. It’s a Ponzi scheme. And all Ponzi schemes must have new capital continually coming in. But if there’s no collateral to borrow against, what is that new capital come in? The answer is the sovereign treasuries have blown up their balance sheets. The difference between today and 2008 is back in 2008, central banks and sovereign treasuries had the ability to lever up, and that’s what they did. They didn’t fix anything. They doubled down, triple down, quadrupled down. Nothing was fixed. Now, the problem is much, much bigger than it was in 2008, but it’s the same problem.
2008 was an incredible time. It was. I, you know, those of us who lived through it and remembered it deeply. You. Now, did you have a lot of gold and silver and did you make a lot of money during that period? Well, actually, in 2008, gold and silver got hit very hard in August, September. In the early part of October, it bottomed. And then silver ran from, I think, I think paper silver got as low as $9. You couldn’t buy any physical for less than 15. But then it ran to $50. Well, no, I got physical for 10.
I got physical for 10 in that period. But go ahead. Did you really. Yeah, yeah. If you went through the big dealers, I don’t think that they, they marked down, they kept basically $15 gold, bottom that. I think it was $699. And then it ran from that number in, oh, eight to, was it 19, $25 or whatever in 2011? So gold tripled off that bottom, and silver more than, you know. Well, more than triple. Well, right now, silver is up like seven times from that. But if we look at. But, but that’s not even that big.
That just shows you how much the dollar has, you know, inflated and how it’s lost its value, because. Right, that should be a stabilizer. And the fact that this is going up at all means the dollar’s losing value. And there’s a, there’s a stat came out that gold and silver don’t go up Nor do they go down. They’re stable. And silver, an ounce of gold is an ounce of gold. An ounce of silver is an ounce of silver. What changes is the currency and what gold and silver, by running to the levels they had gotten to and even the levels we’re at now, what gold and silver are saying is that fiat currency is, is losing its purchasing power very rapidly.
Okay, well I would say that this. But that’s not the right number. Yeah, I’m sure it’s not. But that’s what they’re at least publicly admitting to. But I would say this is one time in history now that silver is repositioning itself against gold because it has a higher value than it did so many uses. That’s one of the reasons the, the silver, what is it the Silver Institute or Silver Council, they really with their demand numbers have been really low balling what’s been going into the Green New Deal, into solar panels, etc. Etc. There’s so many different uses for silver.
And you’re looking at this is now the fifth year of a supply and demand deficit of I think last year was 400 million ounces. The world produces 850, 900 million ounces. And the demand was like one point, call it 1.3 billion. So you know, in the past everybody would look at the people who were trying to sell silver and gold and they’re like, oh, you guys are just paranoid. And what do you think about today? I mean now you’re everybody, you’re living your reality. It seems, I don’t know, people, some people at heart are just a troll.
No, but what I’m saying something out for someone. What I’m saying is that finally this is all coming to reality, isn’t it? It’s like you were seeing it early. It’s like you were seeing all the patterns and, and people you and others and you know, I was talking about too, but the path patterns. And my husband would say, well, you’ve been talking about this for 10, 15 years. You know, it’s like, well it is going to happen. And now it’s like, well now it seems like it really is going to happen this year. Well, it’s happening before your eyes.
That’s, that’s what I mean. Like we’re living it now. Exactly. And the other thing. Surreal. Yeah, the other thing is we’re getting more and more pretty good sized tidbits of truth. I mean just the Epstein stuff, finding out about the fraud in, in Minnesota, in Washington state, in Maine, we’re starting to find out that we’ve, we’ve been living a lie. We’ve been living in a world where the information we get is not real. Well, and then the. As much as you like, Elon Musk or not, that Doge stuff was pretty revealing. The 14 machines just printing currency, I mean, what does that mean? They’re just like printing it.
So does anything have any meaning? Speaking of printing, speaking of printing, that’s the important thing that people need to understand because we wanted to talk about gold and silver today. When contracts get sold and they can sell as many contracts as they want, CFTC is not going to do anything about if they go over the limits or way over the limits, as long as they have the, the margin to sell those contracts. The problem is they can’t print silver and they cannot print gold to deliver. That’s the problem. They can control price, and you’ve seen it.
They, they can knock the price down anytime they want. But that is temporary because once the buyer of those dumped contracts stands and says, I want my silver, where’s the silver? It doesn’t exist. They cannot print it. That’s the problem. Yep. So where, where do you, what do you tell people right now? I know people are scared and I think fear causes people to make bad decisions. So this can be pretty scary. So fear should get you motivated, but it shouldn’t. Cause you have to make sure it doesn’t make you irrational and make bad decisions. Yeah, that’s the thing about fear.
Fear is a greater emotion than greed. And once we get into real fear, you’re seeing stock markets drop, the interest rates go up, bonds are dropping, real estate’s dropping. People are going to be moving into gold and into silver because they can’t default. They’re the only monies on the planet that cannot default. They’re going to be filing into gold and silver out of fear. And yes, when, when, when somebody’s fearful, they don’t make the, the, the normal decisions that they would make. It does, it does alter their thought process. No question about it. Well, let’s say somebody has a hundred ounces of silver.
Do you think that will get them through the survival mode? I mean, how much do you think a normal person needs to just get through the period? There’s nowhere to tell. I know, I’m just throwing that out there. 100 ounces, you’re talking $7,500. It’ll probably work for, I don’t know, six months or a year’s time for a family of four. If you’re just trying to buy food through farmers. Yeah. Because it’s 7, 500amount. Yeah, that makes sense. Yeah. Well, yeah, $7,500. In today’s world, spending dollars should feed a family. So if you’ve got it in, in silver, you should be able to feed yourself from, for a, for a year.
So you should, you should be. If you want to protect yourself. For a family of four, I would say you want to get probably twice that. You have like 15,000 worth of silver sitting there to protect yourself at least I would, that’s just for a year of protecting yourself. I, yeah, that’s me throwing that out there. Yeah. My rule of thumb has been I’ve told people for years and years, if you have, if you’re one person, you need one bag of junk, that’s 715 ounces. If you’re a couple, you need two bags of junk. And that’s going to get you through no matter what happens.
And if you have kids, you know, maybe buy one more bag of junk. You’re talking about one bag, 7, 715 ounces. But that’s, you’re going to be able to live on that. So you’re talking like a couple thousand ounces is what people really should have, right? Oh, absolutely. And when people ask me how much should I put into gold and silver? My standard answer now is whatever you don’t want to lose it cannot bankrupt. And if you have it in your possession or in a non bank private vault, it’s out of the system. So taken in a great taking, you should, you should have 100 to 200,000.
This makes more sense, it’s more stable. You should have maybe 100 to $200,000 worth of silver in your possession someplace safe. Yeah. Or whatever. I mean if you don’t have that much money to buy it with, buy whatever you can. It’s not going to default and you’re not going to lose it. It’s just the value of money and most people don’t have that much. So it sucks. Right. So, but if you look at it as 7,500 will feed you for the year. 15,000 I think is safer. That’ll get you by. And then if you really want to be good, you really should.
I agree with you. You should have over a hundred hundred thousand. I mean to be, you know, so. Okay, again Sarah, when I talk to people, they ask me how much, let’s say it’s somebody with a million dollars. Should I put 5% in, 10%? Should I go with the, with the new. What is it 60, 40 or 60, 20, 20, you know, the new portfolio breakdown. My answer is, you put into gold and silver whatever you don’t want to lose. If you only put a couple hundred thousand dollars or one hundred thousand on a million dollar portfolio into metal.
Yeah. You may end up with the same purchasing power as you had before, but with this reset, you’re going to increase your purchasing power on silver, on gold, versus the things that are in the system that are going to drop in value. And you have a custodian risk or a, what do you call it, A counterparty risk. Your counterparty is your broker, your counterparty is your bank, your counterparty is your insurance company. If they fail, you lost your asset. And that’s why I tell people whatever you want to make sure you do not lose, you put it into gold and silver, it’s out of the system and it cannot bankrupt.
From an investment standpoint, I agree with you. So if you have a few million dollars, you really should be thinking about how to protect that. Okay, so what do you, where do people follow you? What do you do? Because I know you do a show, you have a blog. Can you tell people what you do? Because I got to tell you, you know, we have a lot of mutual friends and everybody respects what you do and you’re, you’re very highly respected. So I’m just going to throw that out there. So tell people what? Yeah, I had worked for quite a few years with Jim Sinclair, ran his website, and I’m running my website pretty much the same as.
The only difference is we had a weekly call, which we’re not, we’ve not been doing, but basically I’ll pick out three, four, five or more articles per day that I think are of interest. And I just basically put comments to the article and I try to make people think because a lot of the articles, I’ll ask a question and I ask a question so that people read the question before they read the article. And if they’re thinking of that question while they’re reading the article, maybe the light bulb comes on. And that’s at my, my website and it’s just Billhalter.com and there’s a lot.
It’s like a fire hose right now. Right. I mean, we’re seeing things move very rapidly. Yeah, the volume and the speed of information is just unbelievable. Go back 10 years ago, man. Did we not have placid lives or what now? It’s crazy. It’s like too much right now. It is really incredible. But I think, you know, I was thinking about this morning like, you know, what if we got rid of all the bots and all the AI, how fast would things really be? I know it’d be faster than what we’re used to, but so much of it is faster because of all the artificial stuff too.
Yeah, I agree with that. But you have to understand that the, the rate and speed of news that’s coming out. There’s just so many different. That’s true things that are happening on a daily basis. You go to bed at night, you’re thinking about what happened today and you’re wondering, you know, what kind of crazy stuff’s going to come out tomorrow. And sure enough, turn your computer on, check the news, whatever, and crazy happened again. It is true. It is true. The, you know, the Epstein release just non stop. But it also shows that there’s a power shift going on.
I mean it’s because the people who are institutionally in power are losing power and so they can’t. Their content containment of the news, the information, they are no longer being able to contain it and they’re losing control of the currencies worldwide. And people aren’t trusting. Another article I read today is that people aren’t trusting government bonds right now. And that’s becoming a major issue. Instability I talked about before. Credit. That’s credit. Yep. But people. The other thing Sarah, is that we’re getting, we are getting this information just being dumped on a daily basis. But a lot of this information goes back a few years to guess what it was a conspiracy fact.
It wasn’t a theory. A lot of the conspiracy theories, I mean a lot I’m going to say, you know, 90 plus percent of them. Conspiracy theory. No, it was conspiracy fact. With the news that we’re getting now. That’s right. That is right. The other thing that I’m reading is that the commercial real estate is collapsing silently in the background. We talked about this last time that you were on but it continues to accelerate in the background and nobody, nobody’s talking about it because if they talked about it, it would scare the hell out of people. Just like the silver and gold increases the main.
It’s not over all over Wall Street Journal. They’re not talking about it because it would scare the heck out of people. Well, it very well could cause a bank run. You’re talking about. I think there’s 1.3 trillion of debt on commercial, commercial real estate. Who’s going to eat those losses? I mean commercial real estate’s already down 50%. So if you take that 1.3 trillion dollar number. And let’s say that there was that everybody put 20% down. That means there’s $500 billion of losses sitting in the banking system. Who’s going to eat that? Who can cover that? Well, the banks are going to.
That’s why they say that the banks, the analysts are saying that the risk of the banks coll is something like 80 some percent of the banks are imminent for collapse. It’s that greater than it’s ever been. The system is weaker than it’s ever been. Yeah, I mean that’s seriously coming out of like Weiss and and these other analysts that have been historically very, very accurate and very conservative and they’re saying it. I know, yeah, it’s a complete blow up. Incredible that we’re watching this. Well, you know we’ve been talking about it but it’s incredible being on the, you know actually talking about it and witnessing this information because it’s, I mean I don’t know what else to say.
It’s just incredible. So where can people follow you because you are a must follow. Just go to my website, billholter.com if you want to contact me regarding precious metals business there is a contact button on my site or if you want to go directly to my business email it’s B H O L T E R proton me. That’s excellent. Thank you so much Bill. I really appreciate you coming onto the show today. Sample.
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