A Dollar Crash Of Biblical Proportion — Bill Holter
by SGT, SGT Report.com:
Bill Holter whose work you can follow over at Jim Sinclair’s JS Mineset is back and Bill 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.”
Oh, and one last note. The current 1980 inflation adjusted all time high for silver is $601 according to John Williams at Shadowstats. And that doesn’t account for all of the paper metals fraud in the system. Please bear that fact in mind as you consider what life may look like after the collapse of the Petro Dollar’s purchasing power.
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Whistler Blowers, Insiders
Read articles at Zerohedge, or anywhere else with real commentary, and you’ll know there are dozens of flashing red omens foreshadowing economic collapse soon. My research into Bible prophecy concludes that the midpoint of the final seven years is June 6, 2016.
End Times and 2019
Antichrist 2016-2019: Mystery Babylon, Barack Obama & the Islamic Caliphate
If I’m right, economic collapse is very likely first – to allow the level of crisis and desperation necessary before a dictatorship is possible. The Bible also clarifies that at this future time, hyperinflation and shortages will be so bad that a day’s bread will cost a day’s wages. (Matthew 20:2, Revelation 6:6)
Are you ready? Spiritually or materially?