My latest interview with Greg Hunter. Please watch, post or forward if you wish. Best, Bill
The latest is called “It’s Pure Math – We’re Headed for a Train Wreck – Bill Holter.” Financial writer and gold expert Bill Holter says China has a lot of weapons to fight a trade war with the U.S. China could stop buying Treasury bonds (as it reportedly already has done). It could sell Treasury bonds. It could slash the value of the Yuan, or something much simpler could happen such as a failed delivery of physical precious metals. Holter says, “If what has happened so far in the first three months of the year were to continue for the full year, you would be over three billion ounces (of silver). That is not deliverable.”
What happen when the world figures out that three billion ounces of physical silver cannot and will not be delivered to the buyers? Holter explains, “That’s called an old fashion run on the banks. It will be a run on the entire system. You would have a run on every metals exchange, and you would probably have runs on many physical commodities. Confidence throughout the whole system would break. You would basically show the western fractional reserve system is a fraud and has been for many, many years. . . . Can London deliver a billion ounces, or two billion ounces or three billion ounces of silver? The answer to that is no.”
So, when does this all blow up? Holter says, “I think this whole thing has a very good chance of blowing this year.”
There are a variety of financial trip wires, according to Bill Holter, such as thousands of sealed criminal indictments that will be unsealed in 2018. Holter also points out the explosion of global debt and charges, “It’s now $237 trillion. The amount of debt grew by $21 trillion globally over the last 12 months. That’s roughly 10 %. How much did global GDP grow? 2% or 3%, I mean that is totally unsustainable.”
The biggest worry for Holter right now is escalating military action in Syria. Holter warns, “This is so, so dangerous. Obviously, you worry about a hot war because with the weapons you have today, you could have WWIII start in a heartbeat. But look at the market today. It’s up 400 or 500 points. You have talk of trade wars. You have talk of hot wars. It amazing the markets can hold together and ignore potential annihilation.”
In closing, Holter says, “This is math logic and common sense. This is no longer opinion. You could go back to 2006 and 2007, and it could be argued it was opinion at that point. It’s no longer opinion. It’s pure math. The system is unsustainable. We’re headed for a train wreck. Do I absolutely know it’s going to be this year? No, I don’t know that, but you can see the events are piling up so quickly it certainly looks like it’s going to come to a crescendo very soon.”
Join Greg Hunter as he goes One-on-One with Bill Holter of JSMineset.com. Here’s the link: https://usawatchdog.com/its-pure-math-were-headed-for-a-train-wreck-bill-holter/ Thank you for considering linking to or embedding this post.