Bill Holter - Bank Deposits Down One Trillion Dollars In 12 Months - What's Next_

In this interview, Darryl and Brian Panes from As Good As Gold Australia interview financial and precious metals icon, Bill Holter.

US bank deposits have reduced by USD$1 Trillion over the twelve months to May of this year, and the public are pulling their cash out at a record pace.

Greg Mannarino says that a quiet revolution has begun and people are unbanking themselves. He refers to a quote from the movie ~ Margin Call, 'be first, be smarter'. Could this lead to the banks experiencing a liquidity crisis and what measures may they take in the process?

It has been 52 years since President Nixon took the world off the gold standard and we can now see the world debt levels are becoming intolerable.
Are the BRICS nations, and in particular, Russia, firmly moving forward with the process of implementing a commodity gold standard.

"Debt destroys nations, not just sometimes, but everytime."
During President Eisenhower's term from 1953 - 1961, the US experienced an increase in debt of 20 billion dollars or 0.9% per year under a gold standard.

During President Barack Obama's term from 2009 - 2017, debt increased by US$8 trillion or 8.75% per year under a fiat currency standard.

Now we are hearing from the US treasury department that in the last 6 months of 2023, they will need an extra US$1.8 trillion to pay the bills.
What effect will this have on the economic future of the United States?

Jim Sinclair has always said, "become your own central bank." Now that many more central banks are purchasing gold at record rates, is this quote of Jim's more applicable now than ever before?

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