By Greg Hunter’s USAWatchdog.com
Precious metals expert and financial writer Bill Holter has been predicting the financial system is going to go down sooner than later. He says the signs are the lies being told to the public to try to hold the system together. Holter explains, “If you look at everything, nothing is natural. Everything is contrived. We are lied to about pretty much everything 24/7. . . . They lied about everything regarding Covid. They have lied about the election. They are lying about the unemployment rate. They are lying about inflation. They are lying about the true amount of total debt outstanding. They are lying about everything. And one other tidbit, 36% of all dollars outstanding have been created now, were created in the last 12 months. Oh, and the Fed is no longer going to publish M2. . . . How can you make a business decision if you don’t know how much money is outstanding?”
This leads us to all the digital dollars sloshing around and Crypto currencies. Holter says, “Crypto currencies are a perceived exit from the system. They are perceived as a safe haven. If Bitcoin, which is nothing but digital air, can become $65,000 per unit, what can something real become worth? What these crypto currencies are doing is illustrating a debasement of all the fiat currencies.”
Bill Holter says big loses in the financial world are being hidden from the public. Take real estate, for example. Holter points out, “The average mall in the United States is appraised 60% lower than it was a year ago. That’s a 60% drop. It’s now worth 40%. There is debt on these things they owe. These malls were not bought, built and created out of cash. They were created with credit. So, now, the underlying collateral has crumbled, but because the bankruptcies, foreclosures and evictions have a moratorium on them, from single family homes all the way up to the malls, you are not actually getting to see the real pricing. The devastation has happened, but it’s not become public–yet. 11 million houses across the country are behind on their mortgage payments—11 million houses. . . . Putting that moratorium on means all that does is hide what really happened. . . . The central banks have become the buyers of last resort. . . . If it were not for the central banks (printing massive amounts of money), it would be game over. It’s not natural for the central banks to do what they are doing, but they have to because the system cannot survive without life support. This economy is a patient that has been on life support for more than 12 years.”
In closing, Holter says, “I have no idea on the timing. Could it be in April? Yes, and it could be tomorrow. It is mathematical that the system will implode because there is more debt outstanding than can ever be repaid. That tells you there has to be a default. Either a default of non-payment or, the more likely and more politically acceptable, just smoke the currencies. Make the debt payable by devaluing them by 40% or 90%. Currencies are going to get smoked.”
Join Greg Hunter as he goes One-on-One with financial writer and precious metals expert Bill Holter of JSMineset.com.
(To Donate to USAWatchdog.com Click Here)
Click link below to watch interview
https://rumble.com/veyj8r-they-are-hiding-the-losses-bill-holter.html
After the Interview:
There is much free information and analysis on JSMineset.com. If you want to become a subscriber to cutting edge original analysis and articles, click here.
••••
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.
Leave a Reply