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Fed Has Lost Control -Bill Holter & Greg Hunter Video
By Greg Hunter’s USAWatchdog.com
Financial writer Bill Holter contends the recent announcement of the Federal Reserve not to raise rates means the “Fed has Lost Control.”Holter explains, “Whatever the Fed does is wrong. The reason I say that is because no matter what they do, they can’t fix what they have already done. There is no policy at this point that can repair where we are at this point as far as debt ratios, derivative outstanding and the money supply exploding. Nothing that they do now can fix it. The only thing that remains is a reset.”
In the reset, Holter contends, “All debt will be impaired. . . . A reset is going to be a shutdown of the system. Everything will stop. When you are talking about bonds being impaired, you are probably going to see that start or begin in the derivatives market. The derivatives is the tail that has been wagging the dog for years. Derivatives are leverage, and you can use that leverage to control prices. If they can put $1 down and control $100, you can pretty much control the price of an asset, and that’s what they have done. They have supported stocks. They pushed interest rates down and supported bonds. They have suppressed gold and silver prices. They were able to paint a picture using derivatives with 100 to 1 or more of leverage, and when they lose control, that derivative chain between bank A, B, C and D is going to snap. When it snaps, the music stops and everything is going to stop. Once something does break, I don’t think it will take much more than 48 hours for you to wake up in the morning and find that nothing works. Your credit card doesn’t work. Your debit card doesn’t work. You go to your bank and the ATM doesn’t work, and nothing is going to work. The entire financial system will shut down. The reset will be the reopening. It’s not the closure that will kill you, it’s going to be the reopening. In the reopening, everything is going to be revalued. How long will it take to reopen? I have no idea. It could be a week, two weeks, one month, two months or six months. Who knows, but the financial landscape is going to look different, and values will be unrecognizable.”
This is not going to just be a financial problem, but a problem getting things you need to live. Holter says, “These big stores get stocked up every single night. . . . The average store only has food for about two or three days. So, this is not going to just be an issue about you paying your bills. It’s going to break down so badly it is going to be an issue about whether or not you can get food.”
On gold and silver, is this the bottom? Holter says, “To answer your question, yes, I think this is the bottom. Can they push the price down again? It’s possible, but like you say back in 2009, silver on the COMEX was trading just under $9, and to buy retail metal, you could not get anything under $15. . . . The physical market has hit a hard bottom.”
Join Greg Hunter as he goes One-on-One with gold expert Bill Holter from JSMinset.com.
(There is much more in the video interview.)
After the Interview:
Bill Holter is a prolific writer, and you can find new articles he’s written almost every week day on JSMineset.com.
NOTHING IS GOING TO HAPPEN!
All money is printed out a Banksters A*s and then loaned out at interest
so it will either be more Fiscal Diarrhea or more Fiscal Constipation.
..depending on who the Swiss Central Banksters in the BIS want to Destroy or Build up
and you thought Switzerland was neutral
When you are saying that on “meteor will hit the Earth” articles, yes, I think there is low probability of that, but saying “NOTHING IS GOING TO HAPPEN” when it comes to stock market, and dollar..
Oh boy, are you in for rude awakening.. I hope you are keeping all your money in bank, just to make it even more hilarious..
The falling rise of the US Dollar…How high will we see it go before it VANISHES out of sight ?…Prepare yourself accordingly…You want to be in the ‘I’m glad I did’ club, rather than in the ‘I wish I would have’ club. Once supply chains are disrupted, the way you conduct your daily life will be greatly impacted. Better to be 6 weeks/months or whatever early, rather than 6 minutes too late…Be strong, stay healthy, stay positive & most importantly DO.
Jewish people
Thats why nothing happened with jade Helm. they were simply pre positioning for the economic collapse….which they will engineer to turn you all into prisoners as is their master satans plan. first they will take your body then they will try to take your soul. its all very methodical but you are so dumb you won’t even notice.
Why do people still think there is a economic mess… Not many “Experts” will tell us that everything is going exactly to the international private banker cabal plan… They have been robbing the masses blind for ages and coming up short because they have amassed and stashed away mega trillions of our wealth. There Is No Debt…! It is as fictional as the paper dollar and paper stocks.
They are not doing this to just get richer but more importantly, to put us all into suffocating debt and growing crippling poverty. It is the ultimate control position.
But don’t worry… The new w order will come to our rescue… all you have to do is give your’s and your children’s consent to be their slaves… forever… Hahaha