BY SRH
Via Greg Hunter’s USAWatchdog.com,
Financial writer and precious metals expert Bill Holter (aka Mr. Gold) has warned for years about what happens in the end when a debt bubble pops.
Mr. Gold explains, “This bubble is like any other bubble in mankind’s history…”
” In the 1920s, credit was extremely easy. When credit tightened, it was the wealth effect in reverse. We saw this again in the early 1970s. We saw this again in the 1987 crash. Interest rates went from 7% to over 10% . . . and that bubble popped. We had the emerging market debt problem back in the early 1990s, Long Term Capital in 1998, the Dot Com bubble in 2000, the 2007-2008 Great Financial Crisis, and all you have to do is look at a chart of bond yields and you’ll see that each time yields spiked, those bubbles popped. Right now, interest rates are spiking, and this is the biggest bubble.
This is the everything bubble. Everything is in a bubble. The only things that are not in a bubble are gold and silver because they are real money.
I think gold and silver are reflecting the risk of the debt structure coming down.
From a global standpoint, countries are moving away from the dollar. They don’t want to be trapped in the dollar system. The dollar is the world reserve currency that is issued by an insolvent bankrupt entity.
Higher rates, that’s what is going to blow everything up, higher rates.”
Mr. Gold says the rates can fall back down in a hurry if the economy starts to skid.
Mr. Gold also says the so-called “reset” you have been hearing about for years is real. It cannot be stopped, but it is an unfolding process right up until the very end. Holter says:
“The reset is not a pushed button until the very, very end. That very, very end is going to be a weekend where you go to bed Friday and things look normal, and on Monday morning, the whole world will have changed. . .. Rising interest rated have happened hundreds of times in history. That is not the reset.
The reset is when those rising rates affect the existing debt in the system, and that debt fails and collapses.
Of course, you can add in derivatives, and the reset is really a wipeout of wealth. It’s the wipeout of the population’s wealth. Along with that goes the ‘Great Taking.’ They started putting these laws on the books in 2014 knowing there was going to be a huge rug pull at some point. They made it legal for brokers, banks and insurance companies to take client assets . . . to save the corporations.
What does that do to the population? The population becomes penniless. If you are not protecting yourself, you are going to get swept up in the wave of the Great Reset.”
Holter says the Deep State wants total control, which is why there is a big push to go all digital.
Holter says buying gold and silver is not about making money but protecting purchasing power and a defense against the Great Reset.
Holter says, “If you lose 50%, you have to make 100% to get back to break even. This is not going to be a time that you lose 50% and then things will start going back up again…”
” Because of the debt all over the world, when the debt breaks, the financial system is going to break.
If you have counterparties between you and your capitol, you are going to lose your capitol.
People ask, how much do I put into gold and silver, and I say put in what you don’t want to lose.
Gold and silver are the only money on the planet that cannot bankrupt in a world that is bankrupting.
If you had this (gold) mindset since 2000, you are way ahead of the pack compared to the S&P or the DOW. There was zero default risk.
When you bought gold, you got the biggest return and took the lowest risk.”
There is much more in the 44-minute interview.
Join Greg Hunter of USAWatchdog as he goes one-on-one with financial writer and precious metals expert Bill Holter/Mr. Gold as he warns of the Great Reset and the Great Taking that will come with it for 9.22.26.
