By Greg Hunter’s USAWatchdog.com
Precious metals expert and financial writer Bill Holter said that at the end of last year, both the lies and money printing were going to get much worse. Holter predicted, “The risk for a meltdown from these levels, the risk has never been higher or could be higher than it is right now. You have got everything going in the wrong direction. . . .” Fast-forward to today, and you see huge inflation, economies wrecked and Russia demanding payment for oil and gas in rubles. Holter explains, “This is the biggest news since 1973 when oil started being backed by the U.S. dollar. There is nothing bigger. Understand, Gaddafi (Libya) did this. Saddam Hussein (Iraq) talked about the gold dinar, or a gold backed currency, and what happened? They got killed, and their countries got invaded and their gold stolen. This time is different because you are not going to have the U.S. military go into Moscow, depose Putin and steal their gold. . . . From a Russian standpoint, they are selling Russian goods, they want to be paid in rubles and they want to buy gold. . . . They are not provoking a war, and they are not provoking the west, but they have created a currency war between the ruble and the dollar. What happens with the arbitrage is the world does the dirty work by making a profit if western gold is too cheap. It’s brilliant.”
So, the dollar will get creamed in buying power? Holter says, “It’s already getting creamed in buying power. This will ultimately affect all financial markets. It’s going to affect credit markets. Don’t forget, the dollar is a creation of credit. . . . This is basically a natural way of destroying a financial Ponzi scheme. . . . All Putin is saying is I want what’s best for Russia. We are going to sell our goods, we want to be paid in our currency and we are making it real by basically backing it with gold. We want real and fair settlement. . . . In what world would anyone have imagined that it was the ruble that took the dollar down? That’s what it looks like is going to happen.”
Holter says get ready for extreme financial problems in the not-so-distant future. Holter warns, “I think we are headed for a calamity in the very near future. . . . I think, at this point, it’s a coin flip that we do or don’t go through a Mad Max world for a spell. Is that spell a week, two weeks, two months or more? I don’t know. I do fully expect disastrous times. . . . This is going to be 2008 on steroids.”
Join Greg Hunter as he goes One-on-One with financial writer and precious metals expert Bill Holter of JSMineset.com for 4.5.22. (There is much more in the 48 min. interview)
The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)
Comment Policy: As a privately owned web site, we reserve the right to remove comments that contain spam, advertising, vulgarity, threats of violence, racism, or personal/abusive attacks on other users. This also applies to trolling, the use of more than one alias, or just intentional mischief. Enforcement of this policy is at the discretion of this websites administrators. Repeat offenders may be blocked or permanently banned without prior warning.
Disclaimer: TLB websites contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, health, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.
Disclaimer: The information and opinions shared are for informational purposes only including, but not limited to, text, graphics, images and other material are not intended as medical advice or instruction. Nothing mentioned is intended to be a substitute for professional medical advice, diagnosis or treatment.