Bill Holter – US Government Will Default, Captains of Dollar Are Panicked

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Financial expert Bill Holter says the financial markets are being propped up by “fraud,” and the global financial markets are nothing more than “Ponzi schemes.” He says many people are surprised it all did not unravel years ago and points out, “I didn’t see it getting past the end of 2016. It could collapse anytime. We should have collapsed two or three years ago, but with smoke and mirrors, they held this thing up. It’s a complete hologram or shell. There is no substance underneath the real economy. The whole thing is a house of cards, and it’s built on credit.”
In closing, Holter predicts “the U.S. government will default” at some point and explains, “Default is a mathematical certainty. There is no way the debt and the commitments can be paid back. Once a country get over 100% debt to GDP, that’s banana republic time, and the U.S. is 105% debt to GDP right now. That’s just the debt on the books. That’s not future promises.”
Holter contends this is why gold and silver prices are guaranteed to go much, much higher.
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3 thoughts on “Bill Holter – US Government Will Default, Captains of Dollar Are Panicked

  1. Sadly, even defaulting won’t prevent them from buying new nukes, waging more expensive wars and all. They only save money where it hurts the people.

    • …but what if the money is worthless? Who, how and what pays for the maintenance of “the nukes”? The UN? I don’t see that happening…eh? WW III will wipe out a lot of debt when the final peace treaty gets signed…for those still living and…climbing out of their tax-funded-bunkers.
      RJ O’Guillory

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