Financial writer Bill Holter says 2017 is the year of the “truth bombs,” and along with the truth comes pain. Holter explains, “Unfortunately, the truth coming out will mean a crashed system. It will mean a nonfunctioning system. When truth finally comes out, and it will one way or the other, credit will cease because credit is based on trust. Credit is handed out on trust, and when the truth comes out, credit will cease. Then the system is going to have to reboot.”
What will our world look like when credit has stopped? Holter says, “Basically, with a credit seizure, that means distribution breaks down. If you have seen any pictures of any of the Walmarts and grocery stores in Houston, the shelves are empty. I live outside of Houston, and all the bread is made there, and there is no bread. Now, forget about a flood, and imagine that there is no credit. Without credit, nothing gets done. Farmers can’t plant. Farmers can’t harvest. They can’t ship it to the silo. The grain can’t be manufactured into bread, and once it’s bread, it can’t get shipped to the final destination because every one of those operations involves credit. So, when credit stops, you are basically going to see a seizure of all goods making it to markets.”
What other truth bombs are on Holter’s truth bomb list to be revealed? Holter says, “The biggest truth bomb I’d like to see come out would be to get to the bottom of the human trafficking and the pedophilia. I would just like to save the children that are being molested. I am basically 100% convinced that this is one of the biggest problems. Other truth bombs would include the news services. You have outlet after outlet throwing crap against the wall, and they all throw crap against the wall hoping some of it will stick. None of it makes sense, and they are the ones that came up with the term ‘fake news’ when somebody tells the truth. What they are doing is trying to brainwash the public.”
On gold and silver going up in price, Holter, a precious metals broker, says price is irrelevant to the average investor. It is possession that is most important now. Holter explains, “I think the streets are going to be completely cleaned of gold and silver, and they are going to go ‘no offer.’ There will be bid, bid, bid and higher, higher, higher, and there won’t be any for sale. Gold and silver will go into hiding until new currencies come out that can be trusted. I think that’s where we’re headed. You should buy it now because it’s available. At some point in time, it’s not going to be available, and you are either going to have it or you won’t. The price won’t matter. You will count your wealth in ounces.”
In closing, Holter contends, “The timing on this is who knows? September or October or next year, I don’t know. I do know what the ending is. The ending is a financial collapse where credit stops and people figure out the asset they hold is someone else’s liability. . . . Why not have an asset with no liability, which is gold and silver.”
Bill Holter is a prolific writer and puts some of his original work every week on JSMineset.com for free with other information and analysis. For all of Holter’s writing, market analysis and access to weekly podcasts with legendary market and gold expert Jim Sinclair, you can become a subscriber. Click here to subscribe.
Greg is the producer and creator of USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.