Financial writer and precious metals expert Bill Holter contends, “The entire system is based on debt. The entire system is a liability. So, some people are getting some of their money out of the system into real money (gold and silver) which is no one else’s liability. . . . The biggest thing is there is too much debt in the system. Everybody owes everybody, and all you need is one link in the chain to break. All you need is one entity that cannot make good on what they promised.”
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