Loading ...Too many predictions that have been wrong for too many years. Holter cries wolf all the time, as did David Morgan and Frank Holmes today. Eventually they’ll have to be right or they’ll help to destroy the entire sector. Sorry for the negativity but c’mon man!
Holter snip:
“You can say what you want, say “it’ll never happen” or whatever. The chess pieces are on the table and our “opponent” is not in this for bragging rights or loose change, they are in it for all the marbles! China is our biggest banker and supplier of capital, our biggest supplier of consumer goods, they have been the biggest hoarder of gold and I hypothesize the “mystery owner” of huge positions in Dec. silver. Every move they have publicly made for over 2 years has been dollar negative and yuan/trade positive. They have built cities, infrastructure, plant and equipment which is clearly beyond current needs for capacity. China has done deals with our friends and foes alike, they have supported geopolitically nearly anything and everything contrary to public U.S. views and policy. They are supporting Mr. Putin financially while the U.S. tries in vain to punish him financially. Would, could, the U.S. place “sanctions” on China for breaking the “sanctions” on Russia? I know, that was a bad joke but it’s a real question.
Before finishing let’s not forget about the “cherry on top”, did China just dump the largest IPO in U.S. history at the top of the market? A market, financial system and economy that I believe they are now in a position to destroy at the flip of a switch and the timing of their desire? Like I said, laugh at this, laugh at me, do whatever you’d like, all I am doing is pointing out the very obvious. No country or nation should or would ever put their adversary in a position to destroy them, we have allowed it and even encouraged it. We are broke, we depend on our adversary for funding, trade, we have given them all of our real money, what’s next? Trading them Manhattan for a few trinkets? The danger to their plan in my opinion is this, just as it is dangerous to corner a wild animal it is more dangerous to bankrupt and financially corner a nuclear power. Regards, Bill Holter, Miles Franklin Associate writer”