Bill
Holter is back and he says “Something Just Happened”. In fact,
something changed three weeks ago and a series of events began which has
led to a cascading collapse in global markets and some very strange
happenings in the precious metals markets.
In silver last week
there was confirmed volume of 122,482 contracts traded in a single day
which represents 612 MILLION ounces of physical silver … or over 87% of
annual global silver production. Meanwhile China has sold $100 billion
worth of Treasury bonds over the last two weeks.
Bill warns, the
leverage in all markets suggests a “holiday” will occur because the
unwinding cannot be orderly. The “unwinding” by the way will need to
undue the credit built upon credit going all the way back to Aug. 15,
1971.
Mr; Holter concludes: “We’re going to have an absolute
Biblical collapse of our standard of living, and no one even has a clue
that it’s coming.”
