Why the Western economy can’t survive [Video]
|In this week’s Live from the Vault, iconic financial commentator and life-long stockbroker, Bill Holter, joins Andrew Maguire to share his eye-opening examination of the West’s insurmountable debt.
As the Fed’s money-printing tactics start to closely resemble a Ponzi scheme, the precious metals expert explains, with mathematical certainty, why the current system is destined for bankruptcy.
Timestamps
00:00 - Start.
01:30 - Bill Holter - the introduction.
02:45 - Jim Sinclair’s “QE to infinity and beyond” going since 2008.
06:05 - 80% of all the dollars have been printed in the last 2 years!
09:05 - About Central Bank Digital Currency (CNBC).
10:50 - Bailing is already in place! How to get out of the system!
16:15 - Silver as the fuse to break the financial system!
20:00 - Silver short positions, nickel blowing up and the Rubicon line.
24:35 - What would Bill do if he came from Mars?
28:20 - Could silver and gold be confiscated?
32:00 - Silver’s Backwardation described.
35:40 - About Exchange of Futures for Physical (EFP).
38:30 - Final parting message From Bill Holter.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.