In The News Today

Posted at 9:49 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

Bottom line? The dollar is toast and no fix, other than ushering in a new (non fiat) currency will do. History is filled with destroyed currencies…and social unrest always accompanies.

Are the Chinese Trying to Tell Americans Something_001

Are the Chinese Trying to Tell Americans Something_002

Bill Holter’s Commentary

WOW! From a mainstream economist no less!

Economist Stephen Roach Issues New Dollar Crash Warning, Sees Double-Dip Recession Odds Above 50%
September 23, 2020

Economist Stephen Roach warns next year will be brutal for the dollar.

Not only does he see growing odds of a double-dip recession, the Yale University senior fellow believes his “seemingly crazed idea” that the dollar would crash shouldn’t be so crazy anymore.

“We’ve got data that’s confirmed both the saving and current account dynamic in a much more dramatic fashion than even I was looking for,” Roach told CNBC’s “Trading Nation” on Wednesday.

Roach highlights two ominous second quarter figures.

“The current account deficit in the United States, which is the broadest measure of our international imbalance with the rest of the world, suffered a record deterioration in the second quarter,” he said. “The so-called net-national savings rate, which is the sum of savings of individuals, businesses and the government sector, also recorded a record decline in the second quarter going back into negative territory for the first time since the global financial crisis.”

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Bill Holter’s Commentary

Commenting politically is a dangerous game because someone always gets pissed off no matter the message. This short video, whether you personally agree or not states something I believe is surely coming very soon. The silent majority is very angry and is waking up. The speaker calls it Silent Anger 2020. People have said I was a nutjob and just peddling “doom porn” in the past when suggesting Civil War was a very real possibility. Sadly, the odds of civil war not occurring has become quite small in my estimation. If you do not believe in right versus left, look at it as those who want to be left alone and live freely versus those who seek to control your every move. Personally, I am libertarian and believe in live and let live, and that ALL LIVES MATTER!