Bill Holter on the Looming Economic Collapse: Time to Inflate or Die (Video)
BY VOICE OF REASON
THELASTGREATSTAND.COM
MONDAY, JANUARY 23RD, 2017
In the following article, one of the world’s leading forensic economists, Bill Holter, doesn’t pull any punches when he begins by saying, “Please read this carefully because if you do not understand it, you will not understand “why” mathematically we are about to go through financial and economic disaster.” How’s that for being direct?
As a tool to help people better understand his article, Bill provides a graph taken from a recent piece written by Hugo Salinas Price titled, The Further Decline in International Reserves, which highlights how for the first time ever, there has been a massive drop in the amount of International Reserves held by central banks around the world.
That decline in the total of International Reserves is a clear sign of a massive worldwide credit contraction in the making, and one that would make the 2008 credit contraction look like boomtown by comparison! In his article, Price explains that the “spring” that has always fed central banks’ International Reserves since 1971, has been the US Trade Deficit, something that President Trump plans to take aim at, which would only lower the reserves even more, thereby tightening credit more.
Prior to Bill Holter’s article below, the video reviews the article by Hugo Salinas Price, and explains why the numbers in the graph Holter borrows from that article are so important.
The Rest…HERE
