Andy Schectman sits down with precious metals expert and broker Bill Holter, aka “Mr. Gold,” for a deeply personal and urgent discussion about the debt-based financial system.
Holter explains why he believes the mathematics of debt have already pushed the system beyond the point of no return and why a credit contraction could spread frighteningly fast from financial markets into the real economy.
They discuss rising interest rates, the unwinding yen carry trade, warning signs in private credit, deteriorating confidence in the U.S. Treasuries and the consequences for food, energy, utilities and everyday life.
