2016 Predictions-Economic Collapse Caused by Fraud & Debt-Bill Holter

22By Greg Hunter’s USAWatchdog.com

Financial writer Bill Holter says all the talk of the so-called “recovery” and reaching “escape velocity is imminent” have been total lies. Holter explains, “We have heard the word ‘recovery’ for seven years . . . we’ve never gotten to the expansion phase. They keep talking about ‘escape velocity,’ and we have never gotten there in seven years. Now, the Fed has raised interest rates just before Christmas. This is the first time ever the Fed has raised rates right before Christmas, and they raised rates into a weak economy where credit is already tight. The only time they have done that is 1937, and we know how that worked out.”

One of Holter’s 2016 predictions is for a market crash—a big one. “Holter contends, “I think you are going to see a closure of the system. Walmart shelves will be cleared out in a couple of days. This is like a hurricane, and it will last for a while. This is not going to be something that will last a few days and be done and gone. . . This is going to take a fair amount of time to clean up. . . . If you live in the cities, well, good luck. It’s going to be complete mayhem. I can’t imagine living in a city with what’s coming. It could come for a big reason or a small reason. The background behind it is there is too much debt in a fraudulent system. It’s going to collapse.”

Holter’s business partner, renowned gold expert Jim Sinclair, has written a long article called “Be Prepared.” Long articles from Mr. Sinclair are rare. Why post this now? Holter says, “Sinclair said it was ‘necessary.’ He believes it could be any day. The unwind could be any day, and once this thing begins to unwind, it will take such a short period to unwind into closure of banks, closure of ATM’s and your credit cards, that you need to be prepared ahead of time.”

(You can get the “Be Prepared” article here.)

On gold, Holter says, “You just have to ask yourself the question. If someone counterfeited a billion shares of IBM stock and sold that into the market, what would happen to the price? It would crash. That’s what they’ve done with gold. It’s the same thing. It’s fraud. They have counterfeited gold with paper.”

The bond market is full of debt that will never be paid back. It’s one of the biggest frauds of all, and Holter says, “Go back to 1995 and our debt in the U.S began to move up like a hockey stick. Somewhere in the mid to late 1990’s was the point of no return. We didn’t really have any hope of paying it back. In 2008, it was ridiculous, and at this point, it is beyond ridiculous. They can’t pay back the $19 trillion much less the $200 trillion, which is what the real number is when you include Social Security, Fannie Mae, Freddie Mac, Medicare, loan guarantees and etcetera.” In closing, Holter says, “This is going to be a complete financial collapse. You are going to see some deflation, but it’s not going to be deflation against dollars. It will be deflation against gold.” Meaning, the value of everything will devalue against gold.

Join Greg Hunter as he goes One-on-One with gold expert Bill Holter from JSMineset.com.

(There is much more in the video interview.)

After the Interview:

Holter adds, “2016 is going to be a very sad year.” There is free information on JSMineset.com. The article “Be Prepared” can be found by clicking here.

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Comments
  1. Sam Hill

    It’s time for yet another edition, the New Year’s edition of…

    WHAT IN THE SAM HILL IS GOING ON?

    (posted by Sam Hill himself.)

    I posted this a week ago, but if any of you missed it this interview is more than well worth your time. This interview is with retired US Army Colonel (a real one) Lawrence Wilkerson who outlines the systemic and pervasive corruption of the Military Industrial Political complex..

    http://www.zerohedge.com/news/2015-12-20/americas-ship-sinking-former-bush-official-exposes-unfixable-corruption-inside-estab

    Two predictions for 2016…

    1. No Chinese Gold Price Fix before late Fall. (Sorry Jer, your timing is off on this one, and not for the first time, either.)

    2. I’m getting a strong sense that there will be a Black Swan event out of Spain or Italy this year that will touch off cascading defaults and a collapse scenario. And it all could start from one individual in Spain. A Spaniard in the Works, so to speak.

    Stay tuned for the next edition of…

    WHAT IN THE SAM HILL IS GOING ON?

    • Macray

      Excellent post over at ZH Sam! And thanks for a real Colonel!
      Need to go with Jerry on the Chinese Gold Price Fix prediction. He has a very
      respectful track record.

    • Tad

      Give it a rest, Sam!