{"id":63858,"date":"2022-10-19T16:47:00","date_gmt":"2022-10-19T21:47:00","guid":{"rendered":"https:\/\/olduvai.ca\/?p=63858"},"modified":"2022-10-19T16:47:00","modified_gmt":"2022-10-19T21:47:00","slug":"weeks-away-from-whole-shithouse-coming-down-bill-holter","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=63858","title":{"rendered":"Weeks Away from Whole Shithouse Coming Down \u2013 Bill Holter"},"content":{"rendered":"
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Weeks Away from Whole Shithouse Coming Down \u2013 Bill Holter<\/a><\/h3>\n<\/header>\n
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\"\"<\/a><\/strong>Precious metals expert and financial writer Bill Holter said in June it was\u00a0\u201cgame over, they\u2019re pulling the plug.\u201d\u00a0<\/a>\u00a0The Fed went on an aggressive interest rate raising policy and is still raising rates.\u00a0 Now, the economy is staggering. \u00a0\u00a0Holter explains, \u201cFor sure, we are already in a recession.\u00a0 We are now in the third quarter of negative growth.\u00a0 I think it is laughable that people \u00a0put odds on whether or not we are going to go into a recession because it is obvious\u2013we are already in a recession.\u00a0 Rates rising have absolutely frozen the real estate market.\u00a0\u00a0<\/span>If you own a property, who is going to buy it?\u00a0 Rates have gone from 3.25% to more than 7%.\u00a0 I am on the record that once we saw a 3% yield on the 10-Year Treasury, you would start to see a tightness in credit.\u00a0 Now, we are over 4%.\u00a0 What few people are talking about is what has this already done to the derivatives market? . . . Think about how big the derivatives market is.\u00a0 Total credit worldwide is $350 trillion, but you have derivatives pushing $2 quadrillion.\u00a0 I have said this all along, derivatives will blow up.\u00a0 Warren Buffett has called them financial weapons of mass destruction. \u00a0They are far bigger than central banks can fix.\u201d<\/p>\n

Holter goes on to say, \u201cThe real economy runs on credit.\u00a0 Everything you look at, everything you touch and everything you do every day has many uses of credit to get to the final product or situation.\u00a0 So, once credit freezes up, it\u2019s completely game over.\u00a0 In a past interview, I said they are pulling the plug.\u00a0 They have to pull the plug because, mathematically, the debt cannot be paid.\u00a0 The derivatives cannot perform.\u00a0 So, they have to pull the plug.\u00a0 They also have to do one other thing, and that is they have to kick the table over…<\/p>\n

\u2026click on the above link to read the rest\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Weeks Away from Whole Shithouse Coming Down \u2013 Bill Holter Precious metals expert and financial writer Bill Holter said in June it was\u00a0\u201cgame over, they\u2019re pulling the plug.\u201d\u00a0\u00a0The Fed went on an aggressive interest rate raising policy and is still raising rates.\u00a0 Now, the economy is staggering. \u00a0\u00a0Holter explains, \u201cFor sure, we are already in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[13783,124,195,202,1668,303,8757,534,13351,3650,9699],"class_list":["post-63858","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bill-holter","tag-central-banks","tag-debt","tag-deflation","tag-derivatives","tag-fed","tag-greg-hunter","tag-monetary-policy","tag-price-inflation","tag-us-federal-reserve","tag-usa-watchdog"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63858"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63858\/revisions"}],"predecessor-version":[{"id":63859,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63858\/revisions\/63859"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}