Financial writer and precious metals expert Bill Holter/AKA Mr. Gold, says, “We could have paper currencies imploding in purchasing power. Anybody who says you can’t have all currencies imploding is wrong. If the US dollar collapses, what do you think is on the balance sheet of all central banks across the globe? Dollars.”
Holter adds, “Balance sheets can get destroyed. That’s what people are not really understanding. Treasury bonds are the foundation to the entire financial system. Treasuries are a defaultable asset. Treasuries and dollars have been over-printed, and there is your inflation.”
Here’s more from Holter in an interview with Greg Hunter on USAWatchdog.com.
A blockbuster U.S. jobs report showing 162,000 jobs created is contrasted with Canada’s 40,000 job loss under Mark Carney. Treasury Secretary Scott Bessent tells Steve Bannon that Wall Street and major outlets like the Financial Times and The Wall StreetJournal stoke economic panic and spread “fake news.” Bessent cites a misframed story about Norway’s sovereign wealth fund shifting from Treasuries into higher-yield Fannie and Freddie securities.
The episode frames today’s challenge exiting from a “Red Queen economy.” America must grow productivity fast enough to outrun debt, China’s advances, and infrastructure and skills obsolescence, all while coping with Biden-era inflation and spending. This spotlights the Trump administration workforce initiatives, including expanded training and Pell Grant use and the new Foundry School—an advanced manufacturing program with a Stanford curriculum and international PAX Silica partners.
Finally, it covers President Donald Trump’s executive orders aiding ranchers’ beef processing and the Department of Justice antitrust scrutiny of major meatpackers and retailers. Here’s more from Promethean Updates.
