Expect the System to Go Down – Bill Holter

Posted at 8:34 AM (CST) by & filed under USAWatchdog.com.

By Greg Hunter’s USAWatchdog.com

Financial writer and precious metals expert Bill Holter says be prepared for major financial instability.  Holter contends, “This is the biggest financial bubble in all of history by far, by orders of magnitude.  So, it doesn’t matter who is running the show, the wheels are going to fall off.  The question in my mind is whether it’s going to go down under the rule of law or not under the rule of law.  Under a Left regime, there is a rule of law for everyone else and no rule of law for them.”

How bad is the global debt problem?  Holter says, “I’ll just give you just one number.  Global debt is now $273 trillion.  (In the 2008-2009 debt crisis, global debt was about half that.)  With that $273 trillion in debt, can interest rates ever go up?  They cannot allow interest rates to ever go up.  They can never taper balance sheets.  They have to put their foot on the accelerator and push it through the floorboard to keep this thing alive.  That debt has to be serviced.”

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