Financial writer Bill Holter thinks revelations from the so-called Washington D.C. swamp are going to intensify in 2018. Holter explains, “I would call what’s coming a tsunami of truth. . . . I think it’s going to affect the mood of the country. It is going to enrage some people. I think it will scare some people. It will definitely affect capital flows. There is a debate about arresting people and perp walks, whether that would be good or bad for confidence. It’s my opinion it would initially be bad for confidence because there are so many people (that would be criminally charged) it would blow their minds. It’s beyond anything that they even thought of. So, I think confidence would initially break, but longer term, it is good for confidence because it will be a sign that the rule of law is coming back to the United States.”
Holter contends the politics of crooked Washington D.C. have a negative effect on the U.S. dollar. Holter says, “One reason I think the dollars has been weak since the beginning of 2017 is there were an awful lot of truth bombs that hit last year. There is more truth with this four page memo from Congress that was just voted to be released. Foreigners are looking at the dollar with high skepticism because all of this ‘truth’ points to a very crooked, fraudulent and corrupt nation. Do you really want your assets in that system and denominated in that currency? I think the answer is no, and that’s one of the reasons you are seeing the huge devaluation of the dollar. . . . In 2017, my theme was that was the year of the truth bomb, and in 2018, I believe the theme will end up being the year that truth finally mattered.”
Holter goes on to say, “This country has lost the rule of law. It’s clear, looking at the DOJ and looking at the FBI, and what will come out on that, the rule of law needs to be restored. There needs to be a confidence restoration, if you will, in those agencies. It’s a complete travesty. What has really happened is they got so dirty that they tried a coup attempt. They tried to take over the government. They tried to negate an election. . . . A lot of people are speculating on Hillary going to jail, and I would put out that with all this illegal surveillance, there is absolutely no way that could have been done without Obama’s knowledge.”
Holter, who is also a precious metals broker, says big money is piling into metal, especially silver. Holter says, “Gold should do extremely well, and silver should do four or five times as well as gold if it gets back to the 15 to 1 historical ratio. . . . The lows were put in with gold and silver back in late 2015.”
What could go wrong with all-time high debt levels facing rising interest rates around the world? Holter points out, “There is all kinds of stuff that can go wrong. Cash levels for investors are at all-time lows. Margin debt is at all-time highs. That, in and of itself, is a recipe for disaster. Also, if you look at valuation levels . . . we are at record levels never seen before. . . . There is record risk/reward.”
Join Greg Hunter as he goes One-on-One with financial expert Bill Holter of JSMineset.com.
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.