end-collapseWhat will the end of 2017 look like?  Financial analyst Bill Holter says,
We are going to have to have some sort of reset. The reset will include a bank holiday. Your ATM won’t work. Your credit cards won’t work. Distribution is going to fail. It’s all about credit. Everything financial and everything economic relies on credit. I believe that we are going to have a credit crisis this year where credit becomes very scarce or actually dries up completely.  You are talking about distribution breaking down and people going hungry, riots, martial law, cross default from country to country to country to country, bank to bank to bank and broker to broker to broker. Everything runs and lives on credit, and without credit, it’s almost like caveman days.”


Jesus Whips the Banksters 10 oz Silver Bars

    • The cave man analogy is appropriate for this Neanderthal! Collapse and dystopian futures is his bread and butter; the far more likely outcome is growing inflation as the form of default. The notion it will just happen overnight is overly simplistic and naive – but why let the truth get in the way of a good sales pitch!?

    • C’mon guys.  Perhaps watch the video before opining.  Holter said the global financial crisis is beyond any mathematical possibility of being solved.  Thus, when credit collapses (and it will), the supply chain keeping the stores full of food and goods will break down which will lead to rapid and severe social unrest.  Hardly ‘fear porn’ in my view.  Just an honest assessment.

  1. I belong to the Clan of the Cave Bear.  Ayla’s my babe and we scrounge in dumpsters to eat.

    No worries.  Lots of food thrown out   If that fails, there’s always Vegans.  They’re easy to catch, easy to clean—no guts or spine—cook up real nice over the fire pit.

    Come the Revolution google Vegans.com   They post their address   Easy harvesting the Eloi.

  2. Fear mongering you say. Meanwhile…just south of the border…Mexico, a nation that once enjoyed an honest money system, is suffering under the yoke of inflation. These days, it feels like the fire is burning from the lower floors…and we’re standing on the roof of the skyscraper.

    I will say that I don’t believe it has to be “like caveman days”. Cavemen think in a primitive way. That is why they were cavemen; they didn’t yet understand how to prosper beyond their living standards. Today though, we have no excuse for living like cavemen…even when our currency system will inevitably collapse. We have land, technological knowledge, mass communication and tools that make one man do the work of two or ten. The aftermath could be very short, if we all were to simply think and reason.

    However, that is unlikely to be the case, particularly for the U.S. Ever since Nixon took the nation completely off the gold-standard, we’ve had a whole generation of misinformed citizenry believing in the infinite-credit nonsense. When it’s finally gone, the people will try to bring it back in vain in some form or another. Case-in-point: Venezuela. Bad ideas die…but they do die hard. That is essence behind Bill Holter’s argument, and he’s right. The best we can do (apart from being prudent) is to talk about the situation with our neighbors…and ensure that the bad ideas are quickly replaced by the good ones.

    • @CivChild
      “However, that is unlikely to be the case, particularly for the U.S. Ever since Nixon took the nation completely off the gold-standard” 
       Sorry, CivChild.  Nixon took the U.S. off the ‘gold exchange standard’. 
      The world was off the ‘gold standard’ before the Bretton Woods Agreement of 1944, which was the start of the ‘gold exchange agreement’.  
      “we’ve had a whole generation of misinformed citizenry believing in the infinite-credit nonsense.”   
      From Bill Holter, who knows what he is talking about, mostly – sorry Bill. (please leave the predictions aside and just give us the nitty gritty) – let us do the analysing. 
      Everything runs and lives on credit, and without credit, it’s almost like caveman days.” 
       Credit comes from the word credere (French I think), which means trust.
      p.s. I haven’t watched the Video yet, but it may be the one doing the rounds on other sites where Greg keeps interrupting his guest.  Not a good look Greg.  _JOHNLGALT. 
       Sorry folks (an OBUMMA favourite word) if this is a bit disjointed.   (does anyone remember him?) HA HA.

    • @ JohnGalt

      You’re right; technically, it was the foreign-exchange window that he closed, since the gold-standard as it pertained to citizens was already gutted prior to his administration. The point still stands though: this nation hasn’t experienced anything close to honest money for at least a generation. At least prior to Nixon, you could indirectly exchange your notes for gold through the international banking system at the time…so it was still loosely connected. No more.

  3. Its always something with Holter.  When its not WW3 then its a return to the Stone Age. Maybe next time it will be  a giant asteroid.  One thing that never changes is that solution is always “buy more silver”!

    I am waiting for his article on the upcoming Zombie Apocalypse where fashioning bullets out of silver will be our only hope.

    At least a giant asteroid will permanently end Bo Polny’s streak of failed calls.

  4. If you are younger than 60 you’ve lived your  adult entire life in the Monetary Matrix as a FIAT battery powering the planet-wide debt hegemony

    If you’re older than 60 you knew the freedom of real money in your hands even if you didn’t appreciate it at the time.
    Now all our feet are stuck in the goo.
    Hold silver in one hand, FIAT in the other; see which gets you free first.

    • Hey KID, You tell-em. From an OLDIE. nearly 70 – but we did that reminiscing thingy last week and had some fun.


      It was a quiet week and we got away with it ha ha.


      Now they want to know why they are not going to be Billionaires  next week.

      Don’t worry kids it is closer than you think.


      The oldies know what’s coming down the tunnel.


      Please educate yourselves so we don’t just sound like some smart- asses who think we know it all.


      You may have a month, year, or whatever


      Once again, we’ve studied this all of our lives. – – – Best of luck (planning) . _JOHNLGALT.


  5. Bill Holter obviously works for CNN now.   He deals in fake news and fear porn.

    OK here is something that might interest people here.   We see numerous articles about buying real Gold and Silver but never selling real (hold in your hand) PMs.

    Here is my experience.   I live in France and a couple of months ago I wanted to see how easy it was to sell Gold coins.   I went to Monaco to a PM dealers office to discuss this.   It couldn’t have been easier.   They would buy my coins at the spot price less their commission and give me up to Euros 30,000 cash in hand per day “no questions asked” completely confidential.

    Trying doing that with a bag of Bitcoins.

  6. Everything runs and lives on credit, and without credit, it’s almost like caveman days.” 

    I predict in 10 years we’re going back to the historical average of “normal” interest rates like say 5% for the federal funds rate and not what we have now, less than 1%

    The USA has $80 Trillion worth of wealth, much of it in over-inflated stocks, bonds, and real estate. When the reset button gets pushed I expect $40 Trillion worth of “paper wealth” to evaporate.

    • Charlie…You may be correct, but you imply the system will cycle back to normal interest rates.  I think we are beyond that.  Just in the U.S.A. the national debt is mathematically unpayable.  It is in effect the world’s largest adjustable rate mortgage.   Instead of cycling back to normal interest rates I expect, instead, the system breaks.  Like a game of Jenga, you’re OK until you pull out the last block and then the tower collapses.  Game over.

    • AGXIIK, funny thing happened to my email Hotmail account.


      All of my hundreds of emails are missing when I opened to see if there were any new messages???????????

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