Bill Holter – Credit Game Over – Debt Cannot Be Paid – Buy Gold. Credit Meltdown Coming.

Holter predicts, “I think in a short period of time, you are going to see swings of $200 to $300 per ounce in gold and $5 to $10 per ounce swings in silver. From the standpoint of so much paper being sold compared to real physical metal, there is going to be a cash call. This will expose the fact that there are 300 or 400 paper ounces for every one real ounce that exists.”

READ  Gregory Mannarino: Is The Stock Market Really About To Go Full Meltdown?

In closing, Holter says, “Cash generation is slowing, and that is going to be a problem with servicing the existing debt. There is so much debt that it can’t be paid off. That is the problem. . . . I have said this many times, once the credit markets break, distribution will not happen and then it is credit game over.”

READ  They’re coming for patriots: Leftists want a new “secret police force” to spy on, arrest, imprison Trump supporters as “terrorists”

 

18 views