Greg Hunter – Precious metals expert and financial writer Bill Holter said last summer that the Fed rate increases would tank the economy.  Everywhere you look you see the economy falling apart.  House prices and sales are down.  Banks are clocking record losses, vehicle prices are falling and unemployment is rising.

The economy has not completely crashed, but it will.

Holter explains, “There are over $2,000 trillion worth of derivatives outstanding on a global economy . . . that has maybe a little more than $500 trillion in asset values.  So, you have this dog walking around with a gigantic tail that will shake the dog.

When derivatives go, it’s a 48-hour event. Who do you think holds all these derivatives?  You’ve got the big banks, all the big brokers, all the big insurance companies and they are all going to go down.  It’s like one giant financial STD, and everybody is in bed together and everybody is infected.”

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Greg Hunter – A few months back, precious metals expert and financial writer Bill Holter predicted the economy was going to tank, and today, the U.S. is officially in a recession.  Holter says it’s not just America buckling under enormous debt, but the entire world.

Holter explains, “This is only the start.  They are trying to debate whether or not we are in a recession, but it’s pretty much a lock.  Yes, we are in a recession.  And this is not just the U.S.  This is a global problem. . . . Continue reading →