Bill Holter explains how we are on the cusp of an unprecedented debt crisis where everybody in the paper “markets” loses. Here’s why…
Bill Holter and Dave Janda discuss the happenings over the last year which Bill calls “Truth Bombs”. All of the revelations that have been coming out from corrupt Washington are turning 2017 into the Year of the Truth Bomb where all the fraud and deceit is exposed.
Bill says the paper markets are a “hologram”. They are vast sums of paper wealth that is not even real, but worse yet, when the paper system comes down, everybody is going to lose. When there is not enough liquidity to cover the margin call, the person on the other side of that bet doesn’t get paid, and it only cascades from there.
Bill says the low volatility over the last several months is about to change when the system freezes up. This is headed to the banks ultimately shutting down with everybody in paper assets losing the wealth that they thought they had.
Bill and Dave also discuss Bitcoin, gold and silver, as well as the current domestic and geo-political issues of the day.
Tune in for this timely update: