Bill Holter has been observing the current world crisis with increasing alarm.
The debt merry-go-round is spinning faster and faster out of control. Now that ECB has begun QE in earnest and the Swiss have broken the Euro/Franc peg, it’s hard to imagine how much longer the system will stay afloat. Greece’s debts are unsustainable, the derivatives bubble is about to be popped and counter-party risk is about to become the term dujour.
Will there be a systemic collapse leading to seizure of the credit markets? Bill thinks it could happen, but we all certainly hope not.
Sign up (on the right side) for the instant free Financial Survival Toolkit and free weekly newsletter.