Global Economic Crisis Looms: Japan's $63B Treasury Liquidation Sparks Fears

Global Economic Crisis Looms: Japan's $63B Treasury Liquidation Sparks Fears 

In a recent interview, Greg Hunter and Bill Holter discussed the precarious state of the global economy. They emphasized the potential for a widespread financial crisis, citing Japan's banking giant Norinchukin liquidating $63 billion in treasuries and European bonds as a significant indicator of global economic distress. This move highlights the interconnected issues faced by major economies, including the US and China, particularly in commercial real estate and mortgage-backed securities.

The conversation touched on the FDIC's watchlist of 63 banks with $517 billion in unrealized losses, indicating a need for these banks to raise capital. Even the Federal Reserve has substantial unrealized losses, pointing to systemic instability. Holter noted recent gold and silver price suppressions as part of broader economic manipulations, suggesting potential short-term gains for these metals.

Hunter and Holter further explored the possibility of economic collapse triggered by multiple factors, including banking crises, derivatives issues, and geopolitical conflicts. They underscored the unsustainable growth of debt and the potential loss of control by current leadership, which could lead to significant upheaval.

A major point of discussion was the changing role of the US dollar in global trade, particularly with Saudi Arabia's announcement to accept other currencies for oil. This shift could reduce the demand for dollars, exacerbating the US's already high borrowing needs. Holter warned that this could lead to hyperinflation and severe shortages, given the US's reliance on imports.

Holter also mentioned the potential for the US to monetize public lands as a desperate measure to extend the financial system's lifespan. He predicted a massive devaluation of the dollar, negatively impacting retirement funds and causing widespread economic pain.

The interview concluded with practical advice for individuals to prepare for economic instability. Holter recommended investing in tangible goods, securing food and essentials, and moving to rural areas for greater self-sufficiency. He stressed the importance of preparing for a scenario where the dollar may lose its value and bartering becomes necessary.

Overall, Holter painted a grim but realistic picture of the economic future, urging immediate action to safeguard against impending financial collapse.