Inflate or Die Ponzi Scheme – Bill Holter

Posted at 10:20 AM (CST) by & filed under

June 24, 2018

By Greg Hunter’s (Early Sunday Release)

Financial writer and precious metals expert Bill Holter thinks the long awaited debt reset has already started. Holter explains, “I think the reset is already in motion. . . . Credit is what created values and pricings that are incorrect. Just look at the Fed, they are talking about quantitative tightening (QT). They are talking about pulling $600 billion, I think, by the end of this year, and they can’t. There is no way. If you go back to Richard Russell ‘inflate or die.’  That is what this is. You cannot take capital out of a Ponzi scheme and expect it to stand up. That’s what this is. It’s a Ponzi scheme, and the Federal Reserve is bluffing, saying they are going to pull quantitative easing (money printing) out, and they are going to reverse it and take that out of the system. There is no way that can be done.”So, the Fed must know this. So, are they just playing for time? Holter contends, “They are timing it and . . . I do believe there will be some type of event that fingers can be pointed at and say, look, if it wasn’t for this, maybe a war or who knows what the false flag event or real event it will be, they are going to point at something and say our policies were working, and everything would have been fine except for x, y and z or whatever they point their fingers at. . . . The staggering figure today is the production rate is still 6% lower than when we went into this recession in 2007 and 2008. So, production is still below those levels, and that means we’ve gone 10 years with zero expansion . . . but debt has doubled. Production is not where it was 10 years ago, and debt has doubled.”