by Greg Hunter, USA Watchdog:

Precious metals expert and financial writer Bill Holter says the market is exuberant with the idea the Federal Reserve is going to be forced to cut interest rates as the economy sinks.  Holter has warned about the US dollar turning into confetti because of massive dollar printing and more and more bank bailouts.  Holter is taking the other side of the rate cutting bet, and he thinks the Fed will do just the opposite.  Holter says, “If you look at the amount of debt service the federal government is paying, it’s over $1 trillion a year.  That’s going to go to $1.5 trillion, and then it will go to $2 trillion in interest a year.  There is no reflection of deterioration of credit in the rates themselves.  I foresee the day, and it may be within the next year, that the Fed is forced to raise interest rates to defend the dollar.  That’s the problem.  You have bad credit with the country who issues the world’s reserve currency. . . .If all of a sudden the dollar falls apart, how does evil get paid to preform?  How do we fight wars?”