{"id":321465,"date":"2022-10-19T07:40:04","date_gmt":"2022-10-19T11:40:04","guid":{"rendered":"https:\/\/www.sgtreport.com\/?p=321465"},"modified":"2022-10-19T00:01:31","modified_gmt":"2022-10-19T04:01:31","slug":"weeks-away-from-whole-shithouse-coming-down-bill-holter","status":"publish","type":"post","link":"https:\/\/www.sgtreport.com\/2022\/10\/weeks-away-from-whole-shithouse-coming-down-bill-holter\/","title":{"rendered":"Weeks Away from Whole Shithouse Coming Down \u2013 Bill Holter"},"content":{"rendered":"

by Greg Hunter, USA Watchdog<\/a>:<\/em><\/p>\n

\"\"Precious metals expert and financial writer Bill Holter said in June it was\u00a0\u201cgame over, they\u2019re pulling the plug.\u201d\u00a0<\/a>\u00a0The Fed went on an aggressive interest rate raising policy and is still raising rates.\u00a0 Now, the economy is staggering. \u00a0\u00a0Holter explains, \u201cFor sure, we are already in a recession.\u00a0 We are now in the third quarter of negative growth.\u00a0 I think it is laughable that people \u00a0put odds on whether or not we are going to go into a recession because it is obvious\u2013we are already in a recession.\u00a0 Rates rising have absolutely frozen the real estate market.\u00a0\u00a0<\/span>If you own a property, who is going to buy it?\u00a0 Rates have gone from 3.25% to more than 7%.\u00a0 I am on the record that once we saw a 3% yield on the 10-Year Treasury, you would start to see a tightness in credit.\u00a0 Now, we are over 4%.\u00a0 What few people are talking about is what has this already done to the derivatives market? . . . Think about how big the derivatives market is.\u00a0 Total credit worldwide is $350 trillion, but you have derivatives pushing $2 quadrillion.\u00a0 I have said this all along, derivatives will blow up.\u00a0 Warren Buffett has called them financial weapons of mass destruction. \u00a0They are far bigger than central banks can fix.\u201d<\/p>\n

TRUTH LIVES on at\u00a0https:\/\/sgtreport.tv\/<\/a><\/p>\n

Holter goes on to say, \u201cThe real economy runs on credit.\u00a0 Everything you look at, everything you touch and everything you do every day has many uses of credit to get to the final product or situation.\u00a0 So, once credit freezes up, it\u2019s completely game over.\u00a0 In a past interview, I said they are pulling the plug.\u00a0 They have to pull the plug because, mathematically, the debt cannot be paid.\u00a0 The derivatives cannot perform.\u00a0 So, they have to pull the plug.\u00a0 They also have to do one other thing, and that is they have to kick the table over.\u00a0 What will the false flag event be? \u00a0I have no idea. . . . They have to kick the table over so they can say our policies were working, but whatever this event will be stopped them.\u201d<\/p>\n

Holter thinks the odds of having the midterm election is \u201cless than even.\u201d \u00a0The Democrats are so far behind because of their disastrous economy.<\/p>\n

Holter says, \u201cIf you think the inflation over the last two years is bad, just wait.\u00a0 Along with that, you are going to have a huge wave that will last many years, but the initial destruction will probably happen in a three-day period of time. . . .You are going to see massive deflation, deflation of asset prices. . . . It will be inflation of the things you need and deflation of the things you have.\u201d<\/p>\n

Holter says, \u201cFrom a math standpoint, the situation is so bad, liquidity is so tight . . . the whole shithouse is about to come down, and when it does, you will count your wealth in ounces and not dollars, yen or euros. . . . When all is said and done, it\u2019s about how many ounces do you own.\u201d<\/p>\n

In closing, Holter warns, \u201cThe action you are seeing now is exactly what you saw in 1987, and this is what you saw in August and September of 1929.\u00a0 This is what happens prior to crashes.\u00a0 It\u2019s massive volatility both ways . . . people are losing both ways.\u00a0 The longs get stopped out on the downside, and the shorts get stopped out on the upside.\u00a0 Then, the whole floor gives way, and that\u2019s where we are. \u00a0We are right on the doorstep of a crash that will make 1987 and 1929 blush. . . . Many people are going to lose everything overnight.\u201d<\/p>\n

Read More @ USAWatchdog.com<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

by Greg Hunter, USA Watchdog: Precious metals expert and financial writer Bill Holter said in June it was\u00a0\u201cgame over, they\u2019re pulling the plug.\u201d\u00a0\u00a0The Fed went on an aggressive interest rate raising policy and is still raising rates.\u00a0 Now, the economy is staggering. \u00a0\u00a0Holter explains, \u201cFor sure, we are already in a recession.\u00a0 We are now […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[140342],"_links":{"self":[{"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/posts\/321465"}],"collection":[{"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/comments?post=321465"}],"version-history":[{"count":0,"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/posts\/321465\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/media?parent=321465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/categories?post=321465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/tags?post=321465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}