Online:
Visits:
Stories:
Profile image
By Voice of Reason
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Bill Holter: World Economic Markets Facing Very Dangerous Conditions (Video)

Saturday, August 13, 2016 6:22
% of readers think this story is Fact. Add your two cents.

(Before It's News)

max-1024x576

When it comes to the economy, or the global economic markets, the big questions everyone continues to ask are whether we’re going to see a global “correction,” or a  global “collapse,” and if so, when will it be, and how bad will it be?

Personally, I cannot fathom how there are still some people who don’t think a collapse is coming. During Obama’s presidency alone, the U.S. has printed AT LEAST $7 TRILLION dollars out of thin air. Even if that was the only catastrophic mistake the U.S. made, we’d still be staring into the abyss. Sadly, that’s just one of a never-ending list of monetary failures. Sooner or later, the U.S. Dollar WILL collapse. That’s not an opinion, that’s a fact.

Ten years ago, roughly 75% of all global trade was denominated in U.S. Dollars. Today that number is around 38%, and dropping like a rock. When trade with Britain and Canada are taken out of that number, it becomes even more clear how close to collapse the Dollar really is. Not IF, but WHEN that day finally comes, consider that roughly one-third of the American population depends on a government subsidy or distribution of some kind. Social Security, Welfare, Unemployment Insurance, Food Stamps, you name it. One in three Americans would be living on the streets if they didn’t get their monthly check, and where do you think they’ll be when the Dollar collapses? 

In the video below, USA Watchdog’s Greg Hunter interviews Bill Holter about what is happening in global economic markets. When asked if the future we are headed toward looks like a “Mad Max” future, Bill Holter rightly responds by saying:

“I think the chances are better than a coin flip that we have societal breakdown.”

It’s a safe bet that when such a time comes, this will be regarded as a “friendly” sight… 

mad-max-road-warrior

Hotter continues, “If you are asking should you hold cash, my opinion is yeah, you should have some cash and very little bank balances because that is going to go away. You are going to have to have some physical cash, which will actually . . . after the system shuts down, become more valuable. 

The dollar will purchase more real goods for several weeks simply because if all the banks are closed and nobody has cash, then cash is scarce. That will work up until, all of a sudden, the light switch gets flipped and people understand that cash has no real value. People are not going to trade real eggs or real tomatoes for dollars. They will say I want something real for something real. That’s where your dollar collapses.”

On gold, the math is simple. Holter says, “The punchline to this is the system has never been risker and more leveraged than it is today. Yet, the price or the cost of insurance (gold and silver) has never been cheaper than it is today with the exception of late last year in October, November and December of 2015.”

Holter goes on to point out, “They have purposely diluted the price of gold in order to portray a strong dollar. . . . The reason they need to portray a strong dollar is to continue confidence in the system. It allows dollars to continue to be accepted. It also allows the U.S. Treasury to turn around and continue to borrow. That’s not working so well because the Federal Reserve has had to step up and buy major portions of auctions.”

How does it end? Holter says, “I have said many times that we are going to have a reset of the system. All currencies, all bonds, all interest rates, stocks, commodities, gold, silver, etcetera. This is a very, very dangerous time.”

When referring to the coming collapse, I try my best to steer people away from verbiage like “correction,” because “corrections” are manageable. What lies on the economic horizon is not a “correction,” it is a financial tsunami of biblical proportions. Peter Schiff has described the eventual collapse as the what will become the single biggest event in all of human history. 

Youtube

FACEBOOK | GOOGLE+ TWITTER | PINTEREST | STUMBLE UPON | TUMBLER

BE SURE TO CHECK THELASTGREATSTAND.COM FOR SURVIVAL GEAR!

FREE DETAILED GUIDE TO SURVIVING ECONOMIC COLLAPSE OR MARTIAL LAW HERE

 

IF YOU READ NOTHING ELSE, THE FOLLOWING POSTS ARE ESSENTIAL:

Peter Schiff: Don’t Believe the Hype! The Real Economic Fallout From Brexit (Video)

How Will the U.S. Conduct Trade With Worthless U.S. Dollars and No Gold? (Video)

Why Did Illuminated George Soros Liquidate 37% of His Stock to Buy Gold? (Video)

What Exactly Does Global Economic Collapse Coming May 2016 Mean? 

Dr. Willie and Peter Schiff Together: Total Currency Collapse and Reset Coming

Economic Implosion Will Lead to Stock Market at 5,000 by 2017 Forecaster Says

SKINNY DOLLAR

FOR MORE GREAT MATERIAL FROM JIM WILLIE:

Dr. Jim Willie: Precious Metals Market (COMEX) on the Verge of Default (Video)

Dr. Jim Willie and the Systematic Bankruptcy of Western Society (Video)

Dr. Jim Willie: New World Order Elites in Absolute Terror of Gold Standard (Audio)

Dr. Jim Willie: Deutsche Bank Valued at -$1 Trillion; Economic Chaos Ahead

Dr. Jim Willie: The Corruption Cannot Stop the Masses! 3 Part Interview (Videos)

Dr. Jim Willie: Brexit Result Could Detonate Deutsche Bank!

Dr. Jim Willie: We’ve Got “Educated People” That Are Stupid As Bedposts

Dr. Jim Willie: Death Sentence for Banks, Businesses, Families, and the US Dollar

Dr. Jim Willie: There Are No Prisoners Taken in The Global Money War

Dr. Jim Willie: 7 Signs U.S. Economy Collapses; Gold Will Soon Back US Dollar!

Dr. Jim Willie: Western Economic Markets Collapsing; Eurasian Markets Rise

Dr. Jim Willie: The Dollar is Dead! Even Mainstream Media Realizes it!

Dr. Jim Willie – Secret Meeting at the G20 to Take Down the US Dollar

Dr. Jim Willie: Financial Deals Happening Behind Closed Doors; US Not Invited

Jim Willie: U.S. Dollar is Now a Matter of National Security Due to Poor Decisions

Dollar

FOR MORE GREAT MATERIAL FROM PETER SCHIFF:

Peter Schiff: Expect An Economic Crisis Infinitely Worse Than 2008 (Videos)

Dr. Jim Willie and Peter Schiff: The Morgue Is Next Stop for U.S. Economy

Peter Schiff: Don’t Believe the Hype! The Real Economic Fallout From Brexit (Video)

Peter Schiff and Jim Rogers on the U.S. Economy: Be Afraid… Be Very Afraid (Videos)

Peter Schiff: Are People Going to Wake Up? The Economy Is Out of Road! (Video)

Peter Schiff: “Trump’s Very Massive Recession May Have Already Begun”

Peter Schiff: Americans Fear Future With ‘Dead-End Economy, Crap Jobs, and Awful Wages’

Peter Schiff: “Can Donald Trump Really Make America Great Again?”

Peter Schiff: Dollar Collapse Will Be the Single Biggest Event In Human History

Peter Schiff: Obama “Peddling Fiction” As Unemployed Tops 100 Million People

Peter Schiff: Here Comes the Great, Great, Great, Great Recession!

Peter Schiff: “Whatever Obama Was Calling Recovery… is OVER!”

Peter Schiff: Death of the US Dollar Is Imminent; Fed Out of Options

 

THE VOICE OF REASON:
Facebook: https://www.facebook.com/LastGreatStand
Youtube: https://www.youtube.com/c/RightWingConspirator
Google + https://plus.google.com/+Thelastgreatstandconspirator/posts
Twitter https://twitter.com/#!/LastGreatStand
Seen.Life http://www.seen.life/profile/21900069-voice-of-reason
Minds.com https://www.minds.com/VoiceofReason
Grassfire http://grassfire.com/users/voiceofreason/profile/
Tea Party Community https://www.teapartycommunity.com/profile-151600/
Right.IS http://right.is/contributor/pages/351/169/bio.html

 

SUBSCRIBE TO  THE TOP STORIES OF THE WEEK IN THE NEWSLETTER HERE

seenlife

FACEBOOK | GOOGLE+ | TWITTER | PINTEREST | STUMBLE UPON | TUMBLR

FREE GUIDE TO ECONOMIC COLLAPSE OR MARTIAL LAW…

AT THE OFFICIAL BLOG SITE BELOW!

Final1-yellow

WWW.THELASTGREATSTAND.COM

FACEBOOK | GOOGLE+ | TWITTER | PINTEREST | STUMBLE UPON | TUMBLER

seenlife

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.