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It’s Pure Math – We’re Headed for a Train Wreck – Bill Holter

It’s Pure Math – We’re Headed for a Train Wreck – Bill Holter

Financial writer and gold expert Bill Holter says China has a lot of weapons to fight a trade war with the U.S. China could stop buying Treasury bonds (as it reportedly already has done).  It could sell Treasury bonds.  It could slash the value of the Yuan, or something much simpler could happen such as a failed delivery of physical precious metals.  Holter says, “If what has happened so far in the first three months of the year were to continue for the full year, you would be over three billion ounces (of silver).  That is not deliverable.”What happen when the world figures out that three billion ounces of physical silver cannot and will not be delivered to the buyers? Holter explains, “That’s called an old fashion run on the banks.  It will be a run on the entire system.  You would have a run on every metals exchange, and you would probably have runs on many physical commodities.  Confidence throughout the whole system would break.  You would basically show the western fractional reserve system is a fraud and has been for many, many years. . . . Can London deliver a billion ounces, or two billion ounces or three billion ounces of silver?  The answer to that is no.”

So, when does this all blow up? Holter says, “I think this whole thing has a very good chance of blowing this year.”

There are a variety of financial trip wires, according to Bill Holter, such as thousands of sealed criminal indictments that will be unsealed in 2018. Holter also points out the explosion of global debt.  Holter charges, “It’s now $237 trillion.  The amount of debt grew by $21 trillion globally over the last 12 months. That’s roughly 10 %.  How much did global GDP grow?   2% or 3%, I mean that is totally unsustainable.”

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