by Greg Hunter, USA Watchdog:

Financial writer and precious metals expert Bill Holter (aka Mr. Gold) has been sounding the alarm of the profound risk in the financial system.  At the beginning of December, Mr. Gold warned about the record setting silver prices and said, “It’s pretty clear and pretty obvious that something behind the scenes is breaking.” What is “breaking” is the extremely leveraged futures markets with not enough physical silver to deliver.  Fast forward to the end of the month, and new record highs in gold and silver are happening every day.  Mr. Gold says, “They are gobbling up all the supply available because they understand this is the end of the fiat currency experiment that started August 15 of 1971.  Fiats are collapsing.  This is the Hunt brothers on steroids because you have the entire world buying physical.  The Hunt brothers got into trouble because they were buying paper contracts, and COMEX changed the rules.  COMEX can change any rules they want . . . it won’t matter because the rest of the world is buying cash and carry . . . they will not accept paper contracts.  They want real physical metal.”