{"id":1472913,"date":"2024-06-23T23:50:00","date_gmt":"2024-06-24T03:50:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1472913"},"modified":"2024-06-23T23:50:00","modified_gmt":"2024-06-24T03:50:00","slug":"this-is-going-to-be-far-worse-than-the-great-depression","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/this-is-going-to-be-far-worse-than-the-great-depression\/1472913\/","title":{"rendered":"“This Is Going To Be Far Worse Than The Great Depression…”"},"content":{"rendered":"

“This Is Going To Be Far Worse Than The Great Depression…”<\/span><\/p>\n

\n

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

Financial writer and precious metals broker Bill Holter has been documenting all the unpayable debt that has been building up in the financial system like cancer.\u00a0<\/p>\n

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

The latest black hole of default is coming from a big bank in Japan.\u00a0<\/strong>\u00a0Norinchukin Bank is selling $63 billion<\/a>\u00a0in Treasuries and other sovereign bonds to stay afloat.\u00a0 Then there is recent news announced by the\u00a0FDIC that 63 US banks (the names are being kept secret) have more than $500 billion in losses,<\/a><\/strong>\u00a0and let\u2019s not forget about the trillions in losses sitting on the books of European banks ready to suck the world into a black debt hole.\u00a0 This is just a few of many on a long list of destabilizing problems that can tank the entire over-indebted financial system.\u00a0<\/p>\n

Holter warns, \u201cThe list is so long…”<\/p>\n

“it could be a banking problem. \u00a0It could be a derivatives problem.\u00a0 It could be a derivatives problem in the stock market, the bond market and you could see a failure to deliver in silver.\u00a0 Some type of warfare could crash the system.\u00a0 You could see warfare in Ukraine, Israel or Tiawan.\u00a0<\/em><\/p>\n

The system is so unstable, at this point, it could be anything that could bring it down.<\/strong>\u00a0 <\/em><\/p>\n

Unpayable debt is not just a US problem.\u00a0 This is all over the world.\u00a0 Central banks are having to issue huge amounts of debt because we are in the exponential decay phase.\u00a0 We are exactly where Richard Russell said we would be 20 years ago.\u00a0 It\u2019s inflate or die,<\/strong> and the only way to inflate is to create more money supply.\u201d<\/em><\/p>\n

Add to that the\u00a0$10 trillion in debt the US Government has to roll over<\/a>\u00a0by the end of the year.\u00a0 Meanwhile, the US government piles on $1 trillion in new debt every 100 days.\u00a0 What could go wrong?<\/p>\n

Holter said the last time he was on USAW that there was a little less than a 50% chance we would even have an election.\u00a0 Now, he predicts it is more likely there will be no 2024 Presidential Election.\u00a0 Holter says:<\/p>\n

\u201cThere is no way the system, as it is now, survives.\u00a0 It\u2019s mathematically impossible.\u00a0 So, if it is mathematically impossible, are they going to blow smoke . . . up until the day it blows up?\u00a0 <\/strong>Or are they going to do something to blow it up and then say our programs and policies were working except for XYZ this or whatever.\u00a0 <\/em><\/p>\n

They have to kick the table over.\u00a0 They cannot allow the table to fall over on its own because then there is going to be finger pointing.\u00a0 To avoid the finger pointing, they have got to kick the table over.\u201d<\/em><\/strong><\/p>\n

Holter also thinks gold is going to exponential numbers to back all the debt the USA has.\u00a0<\/p>\n

If you go with the 8,030 tons of gold the government claims is in Fort Knox, you will need a dollar price of gold at \u201c$125,000 per ounce for 100% gold backing of the dollar.\u201d<\/p>\n

Holter also says, \u201cThe dollar is being pushed out of the global financial system…”<\/strong><\/em><\/p>\n

“Demand for dollars is shrinking at a time when borrowing demand is rising.\u201d\u00a0 This is a going to be a disaster for America and anyone holding dollars in the future.<\/em><\/p>\n

In closing, Holter says, \u201cThe financial collapse that is coming will be worse than anything we have ever experienced…”<\/strong><\/em><\/p>\n

“This is going to be far worse than the Great Depression simply because society itself is far worse. . . . Back in the Great Depression, you had neighbors helping neighbors.\u00a0 Today you will have neighbors picking on other neighbors like vultures.\u201d<\/em><\/p>\n

There is much more in the 51-minute interview.<\/p>\n

Join Greg Hunter as he goes One-on-One with financial writer and precious metals expert\u00a0Bill Holter<\/a>\u00a0for 6.22.24.<\/p>\n<\/p>\n

*\u00a0 *\u00a0 *<\/p>\n

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

Bill Holter\u2019s website just keep getting more and more viewers, and it\u2019s still free. \u00a0It\u2019s called\u00a0BillHolter.com.<\/a><\/em><\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nSun, 06\/23\/2024 – 19:50<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/markets\/going-be-far-worse-great-depression<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

“This Is Going To Be Far Worse Than The Great Depression…” Via Greg Hunter\u2019s\u00a0USAWatchdog.com, Financial writer and precious metals broker Bill Holter has been documenting…<\/p>\n","protected":false},"author":0,"featured_media":1472914,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1472913","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1472913","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=1472913"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1472913\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1472914"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1472913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1472913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1472913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}