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Precious metals expert and financial writer Bill Holter has been predicting the financial system is going to go down sooner than later. He says the signs are the lies being told to the public to try to hold the system together. Holter explains, “If you look at everything, nothing is natural. Everything is contrived. We are lied to about pretty much everything 24/7. . . . They lied about everything regarding Covid. They have lied about the election. They are lying about the unemployment rate. They are lying about inflation. They are lying about the true amount of total debt outstanding. They are lying about everything. And one other tidbit, 36% of all dollars outstanding have been created now, were created in the last 12 months. Oh, and the Fed is no longer going to publish M2. . . . How can you make a business decision if you don’t know how much money is outstanding?”
Nick Barisheff, CEO of Bullion Management Group (BMG), is seeing an explosion of money printing in America and around the world. Barisheff wrote a book in 2013 that predicted “$10,000 Gold” (per ounce).
Michigan State Economics Professor Mark Skidmore revealed three years ago there was $21 trillion in what he called “Missing Money” from the Department of Defense (DOD) and Housing and Urban Development (HUD). To hide what was going on with the federal books, Congress made all government accounting a national security issue, making it impossible to get real accounting of money “We the People” pay in taxes.
Financial writer and precious metals expert Bill Holter says be prepared for major financial instability. Holter contends, “This is the biggest financial bubble in all of history by far, by orders of magnitude. So, it doesn’t matter who is running the show, the wheels are going to fall off. The question in my mind is whether it’s going to go down under the rule of law or not under the rule of law. Under a Left regime, there is a rule of law for everyone else and no rule of law for them.”
Financial writer John Rubino says gold is at new all-time highs, silver is vaulting upward and there is no end in sight for the massive money printing around the world. Rubino say’s if you look deeper, you can see the “real message” in the unfolding events. Rubino explains, “It’s fun to be a gold bug and see your stacks getting more valuable, but the real message here is the world is on the verge of spinning out of control. →
Finance and economic expert Alasdair Macleod says the gold market is “extremely dangerous as far as the bullion banks, swaps and trading desks” that, at some point soon, are going to have to deliver physical gold they do not have. Macleod explains, “I find it difficult to see how they can close it. . . . The possibility of a default and the possibility of a ‘force majeure’ is increasing all the time in this current situation. This is a difficult thing to predict, but unless someone can show me there is a way out of this . . . I can’t see how these banks can be rescued.” →
Three time best-selling book author Nomi Prins says long before the Covid 19 crisis, the global economy was faltering big time. The Fed stepped in with the start of massive money printing in late 2019 to save the day. Prins explains, “We were already in crisis mode as I mentioned at the end of my last book going into 2019. What did we see at the end of 2019? We saw this pivot, and I call it phase two. . . . Central banks had pivoted to easing mode. . . . Come September, October, November and December, the Fed is producing repo operations. Those are short-term lending operations that are supposed to be the purview of the banks . . . . The Fed is not supposed to get involved, but it did. The Fed had all kinds of excuses. It said it was not QE, but it was. . . . The debt at the end of 2019 for the world was three times GDP. For every $3 borrowed, only $1 of economic activity occurred. That’s what we started 2020 with. Throw a pandemic into that . . . and you have a long drawn out financial and economic crisis.” →
Cycle expert and financial analyst Bo Polny predicted in late March “something epic is going to happen on April 21st.” Something did happen that had never happened before. Oil went to $0 per barrel, and the contract for oil expired at around -$37 per barrel. Polny says, “That is a more important event than the stock market. There is one specific reason because oil is attached to the dollar. It’s a petro dollar. So, that event triggered the end of the United States monetary system as you know it. The stock market would have to go to zero to be as important as the event of oil going to zero. Oil was the marker that is attached to the dollar, the paper monetary system. That is far more critical because that event told the world that the paper monetary system as you know it ended on that date.” →
Precious metals expert and financial writer David Morgan says silver is still 65% off its all-time high and is a much better value than gold. Morgan points out, “Relative to all asset classes, I can’t think of one that is more undervalued than silver. If you look at every asset in the metals world, meaning base metals . . . anything to do with the periodic chart, every one of them has obtained a higher price level than it was in 1980 except silver.” →