by Greg Hunter
USA Watchdog
Precious metals expert and financial writer Bill Holter said last summer that the Fed rate increases would tank the economy. The collapse of SVB (Silicon Valley Bank) is the latest sign the Fed is breaking the financial system. Will it continue to raise interest rates as Fed Head Jay Powell said this past week? Holter says that is the biggest question out there because it comes down to picking what you want to save. It’s the U.S. dollar or the financial system. Holter explains, “They can save one thing or the other. They can save the financial system, or they can save the dollar. If they save the dollar, they will have to raise rates, and they will have to keep tightening. To save the financial system, they will have to loosen. They have tightened so hard and so fast over the last year they have raised rates and tightened faster than anytime before. This is in the face of the biggest over-levered situation in history no matter how you look at it. . . . They can only do one or the other, and they already look like fools. The world is already laughing at the United States. Think of what Russia and China think when we are walking out some army general wearing a skirt. We are getting to the end game.”