HARRY 3 on Nostr: Precious metals expert Bill Holter Re Zero hedge 14/08/23 Top of the list of problems ...
Precious metals expert Bill Holter
Re Zero hedge 14/08/23
Top of the list of problems is the monster unpayable debt problem and the soon to be falling U.S.dollar.
You can’t have a third of the federal taxes paid out in interest, and that no. It isonly going to grow over time.
Holter says the dollar is going to take a big hit in the next financial crisis which has already started.
The bottom line is that dollars are just pieces of paper backed by the government.
The dollar is backed by the full faith and credit of a bankrupt insolvent government, and people will figure that out very quickly.
This is not my opinion, it’s a mathematical equation.
The debt cannot be paid back. It’s not possible. We will default one way or another. We will print the crap out of the dollar and devalue it, or outright non- payment.
“Mad Max” scenario when credit
dries up and store shelves empty.
Re Zero hedge 14/08/23
Top of the list of problems is the monster unpayable debt problem and the soon to be falling U.S.dollar.
You can’t have a third of the federal taxes paid out in interest, and that no. It isonly going to grow over time.
Holter says the dollar is going to take a big hit in the next financial crisis which has already started.
The bottom line is that dollars are just pieces of paper backed by the government.
The dollar is backed by the full faith and credit of a bankrupt insolvent government, and people will figure that out very quickly.
This is not my opinion, it’s a mathematical equation.
The debt cannot be paid back. It’s not possible. We will default one way or another. We will print the crap out of the dollar and devalue it, or outright non- payment.
“Mad Max” scenario when credit
dries up and store shelves empty.