World in the Process of Bankrupting – Bill Holter
By Greg Hunter’s USAWatchdog.com (Saturday Night Post)
Precious metals expert and financial writer Bill Holter says, “nothing is getting better” and points out the proof is everywhere that we are clearly headed for a financial calamity, the likes of which we have never seen before. Holter, who is also a precious metals broker, is seeing a big pick-up in business because big money is looking for a place to hide in the physical world. Holter explains, “We are getting more orders and larger orders. I think this is natural because I think people know something is wrong, and when something is wrong, you want to get defensive. I think people are finally making the connection the world is in the process of bankrupting, and you want your capital in something that cannot bankrupt. By definition, that is gold and silver.”
Holter says evil is trying to take over everywhere. Holter contends, “The consensus is the fact that we have a 2nd Amendment and we still have guns here is the only reason they have not snapped the trap shut yet. The United States is ‘the last bastion.’ Just look at Australia. Look at New Zealand. Look at Canada. Look at Britain. Can you have guns there? No, they have taken them away. What did they do? They forced the population into lockdown. They forced the population to get the jab. The result is you are going to see the West vastly depopulated and degraded in the next 1, 2 or 5 years. They have total control over their population. Whereas, that is not the case yet in the U.S.”
Holter has long said when the overloaded debt system breaks, it will break “fast and ugly.” “Credit will dry up overnight,” and “The world runs on credit,” according to Holter. His math shows a dark time ahead even for the prepared. Holter explains, “All you have to do is wake up in the morning and read the news, and you know it has gotten worse than the day before. That’s day after day. I have talked about ‘Mad Max’ for several years. When I first started talking about it, I got all kinds of grief, and they called me a nut case. It is certainly looking more and more now as the likely scenario. It just goes back to the West and, including China, it is not in the West, but it too is extremely levered (or indebted). When you over-lever a financial system, you over-lever an economy. At some point, the only thing that can happen is something bad. It’s either default or hyperinflation of the currency to pay the debt back. As far as timing, I would be shocked if we make it through the end of this year and people would still consider the system normal.”
When the system does break, that’s when it turns “ugly.” Holter explains, “As far as how are things going to work when this thing goes down? My question would be is anything going to work? Will your bank be open? Will your broker be open? Will there be a store open or a restaurant or any place to buy goods? That gets back to Jim Sinclair’s ‘Get out of the System’ (GOTS). Become your own central banker. Stock up on the things you think you are going to need. Is it going to last two weeks or two years? It could last two years. One thing for sure, our life in the United States is going to be drastically changed to a lower standard of living. . . . You are watching the breakdown in real time.”
There is much more in the 41 min interview.
Join Greg Hunter as he goes One-on-One with financial writer and precious metals expert Bill Holter of JSMineset.com for 8.20.22.
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