RE: Greg Hunter Interview: Bill Holter & Jim Sinclair -- Central Banks Have Only One Option
I could listen to them both all day long! The interview was extremely informative. However, I did find it difficult at times to hear Jim Sinclair, as when he speaks he turns his head to the side and has a strong accent.
What a situation that central banks have been in a corner for the last 9 - 10 years and can only lower interest rates to service the trillions of debt!
They gave some wonderful comments:
a) If you go to negative interest rates it's like GLUE, you have great difficulty of getting out of that situation - sounds like Japan.
b) Like Greg Hunter, I was in aghast at the comment that we have more debt than money! However, when you think of the world government debt, bank derivatives etc. it makes sense.
So they suggest a 4 and 1/2 year window until the next financial crisis - much longer than I thought. Two resets - that sounds plausible.
Many thanks for posting this Greg Hunter interview with Bill Holter and Jim Sinclair on Steemit.
More debt than money: I looked up the U.S. Federal Reserve numbers. There is currently about $1.5 trillion is U.S. physical dollars in circulation. The total federal debt is north of $22 trillion. The extra $20 trillion is thin-air, digital currency. The United States' fiat currency has largely been a digital currency for decades.
I would think that it is the same in most countries around the world that have a central bank.
Have a great week!
Steem on,
Mike
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