When The Crisis Hits,Financial Markets Will Shutdown Throughout 80%-90% Of The World: Bill Holter
In this interview with Bill Holter, Bill speaks about how gold was down for 17 days, which is a mathematical impossibility. The economy has not improved. The credit impulse has turned negative which means that credit is beginning to break down. Bill explains how the yield curve has inverted and every time the yield curve inverts we enter a recession. Mark Zuckerberg gave a speech at Harvard discussing Universal Basic Income, Bill explains that this will not work and this is the last attempt of the central bank trying to keep the economy going. When the crisis hits 80%-90% of the financial institutions will not be open, during this period of time people will not be able to access cash, credit and supplies will be hard to come by.
I was wondering when Bill Holter said the government might use script how many people did not know what he was talking about. I lived in Argentina before during and after the collapse. The federal government issued a national script, the province of Buenas Aries issued a script and I am sure others did too. It worked out okay but then again it really was as major a collapse as some have been lead to believe but here in U.S. it will be a huge "COLLAPSE" that we may never come out of. Thanks You never miss. I always enjoy Bill Holter.
Neither a creditor nor a borrower be:
http://alrightsounds.com/mus/Credit_Narration.ogg
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Keep up the great videos!!!
This was a great interview! While all og the people Dave interviews are informative, I heard one major thing that stood out to me in the course of discussion. Namely the point that one proof that the system is rigged to perpetuate debt among both citizens and other nations alike.
An excellent example was given when it was mentioned by Mr. Holter that if the FED can simply print as much money as it wants then why not just give everyone enough to catch up in order to stimulate growth? Because DEBT is what the system is based upon - no debt no system.