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Today’s Guest: Bill Holter
Website Jim Sinclair’s MineSet
https://www.jsmineset.com
Bill Holter is a Financial writer and gold expert, Bill also helps individuals purchase and store precious metals, he collaborates with Jim Sinclair. Bill begins the conversation talking about fuel prices, they will move up but people don’t know by how much, this is a hidden tax just like inflation is a hidden tax on the people. The destruction of the economy will push gold higher than anyone could imagine, be careful what you wish for.
Has anyone noticed the Fed has dropped the requirements for banks to hold 10 percent of holdings as a reserve? The reserve requirement is now nothing. Very odd.
Has anyone noticed the Fed has dropped the requirements for banks to hold 10 percent of holdings as a reserve? The reserve requirement is now nothing. Very odd.
Reserve Requirements
“As announced on March 15, 2020, the Board reduced reserve requirement ratios to zero percent effective March 26, 2020. This action eliminated reserve requirements for all depository institutions….”
Thank you. Can you explain in small steps what happens with people who pay a mortgage and who owe a credit card? I hear talk of the people becoming slaves / the rate hike would be so high people can’t pay it even just the interest. Also if taxes are raised so high we can’t pay the taxes. Could you shed some light on this? This would be most of the people would be on the streets?
I will give people a prediction, that the blessed virgin predicted in 1985. She predicted that there will be a great world depression, that will start in the United States and Canada then Go around the whole world tell the whole world is engulfed in a massive depression that will be worse than the 20s ever dreamed of being. The Democrats under Saul Alinsky, or doing Saul Alinsky’s prescribed recipe for the destruction of America or to take the American people down. That is to take the American people down you must overwhelm their system with debt. Well we’re there