{"id":1401298,"date":"2023-08-13T22:45:00","date_gmt":"2023-08-14T02:45:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1401298"},"modified":"2023-08-13T22:45:00","modified_gmt":"2023-08-14T02:45:00","slug":"this-country-has-already-become-a-banana-republic-holter-warns-mad-max-scenario-imminent","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/this-country-has-already-become-a-banana-republic-holter-warns-mad-max-scenario-imminent\/1401298\/","title":{"rendered":"“This Country Has Already Become A Banana Republic” – Holter Warns ‘Mad Max’ Scenario Imminent"},"content":{"rendered":"

“This Country Has Already Become A Banana Republic” – Holter Warns ‘Mad Max’ Scenario Imminent<\/span><\/p>\n

\n

Via Greg Hunter\u2019s\u00a0USAWatchdog.com<\/a>,<\/em><\/p>\n

Precious metals expert and financial writer Bill Holter says there is a long list of financial trouble coming to America sooner than later<\/strong>.<\/p>\n

<\/a><\/p>\n

There is the commercial real estate implosion, rising interest rates, an exploding federal budget, banana republic political problems, but the at the top of the list is the monster unpayable debt problem and the soon-to-be failing U.S. dollar.\u00a0 Holter says, \u201cYou can\u2019t have a third of the federal taxes paid out in interest, and that number is only going to grow over time…”<\/strong><\/em><\/p>\n

“If the markets would not collapse ahead of time, which they certainly will, but if they did not, we would get to the point where the interest would eat up all the tax receipts.\u00a0 That is a mathematical impossibility.\u00a0 We\u2019re broke…<\/strong><\/em><\/p>\n

On the other side of it, we have two rules of law.\u00a0<\/strong> We have one rule of law if you are a liar from the left and another rule of law if you are a conservative and you don\u2019t support the bull crap rules they are putting out there…<\/em><\/p>\n

This is an illustration that this country has already become a banana republic.\u00a0 <\/strong>The problem with that is the dollar issued by this country is the world\u2019s reserve currency.\u00a0 It\u2019s a huge problem.\u201d<\/em><\/p>\n

Holter says the dollar is going to take a big hit in the next financial crisis that has already started.\u00a0<\/strong> When it hits, Holter predicts,<\/p>\n

\u201cThe actual bottom line is dollars are just pieces of paper backed by our government.\u00a0 <\/em><\/p>\n

The dollar is backed by the full faith and credit of a bankrupt insolvent government, and people will figure that out very quickly.\u00a0<\/strong> <\/em><\/p>\n

When it comes to survival, people are not going to give up something real for nothing…<\/em><\/p>\n

We are in the weeds right now because of interest rates . . . look at mortgage rates, they are well over 7% for a 30-year mortgage.\u00a0 So, that\u2019s going to hurt housing.\u00a0 Commercial real estate has already been destroyed…<\/em><\/p>\n

I think we are in the weeds because interest rates are at a point that nothing can be refinanced and rolled over.\u201d<\/em><\/strong><\/p>\n

In closing, Holter says, \u201cThis is not my opinion, it\u2019s a mathematical equation…”<\/strong><\/p>\n

”\u00a0 The debt cannot be paid back.\u00a0 It\u2019s not possible.\u00a0 <\/strong>We will default one way or another.\u00a0 We will print the crap out of the dollar and devalue it, or outright nonpayment.\u201d<\/em><\/p>\n

Holter predicted years ago we would end up in a \u201cMad Max\u201d scenario when credit dries up and store shelves empty.\u00a0 Holter contends that credit is drying up with the money supply shrinking for eight straight months.\u00a0 The \u201cMad Max\u201d world Holter is still predicting is now looking like it\u2019s going to come true sooner than later.<\/strong><\/p>\n

There is much more in the 42-minute interview.<\/p>\n

Join Greg Hunter as he goes One-on-One with financial writer and precious metals expert\u00a0Bill Holter<\/a>\u00a0for 8.12.23.<\/p>\n<\/p>\n

To Donate to USAWatchdog.com Click Here<\/a><\/em><\/p>\n

Bill Holter\u2019s new website is growing by leaps and bounds.\u00a0 It\u2019s called\u00a0BillHolter.com.<\/a><\/em><\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nSun, 08\/13\/2023 – 18:45<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/political\/country-has-already-become-banana-republic-holter-warns-mad-max-scenario-imminent<\/a>\u00a0<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

“This Country Has Already Become A Banana Republic” – Holter Warns ‘Mad Max’ Scenario Imminent Via Greg Hunter\u2019s\u00a0USAWatchdog.com, Precious metals expert and financial writer Bill…<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1401298","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1401298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1401298"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1401298\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1401298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1401298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1401298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}