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All Assets (In The System) Will Be Stolen | Bill Holter
Bill Holter joins us to discuss what could happen in a worst case economic scenario. Assets remaining within the financial system are at risk, he says, and can legally be stolen to bailout (or bail-in) financial institutions. FDIC insurance means little, he notes, given that by the time depositors would receive their insured funds, the Dollar could be worthless. While many people are wary of investing in gold at these all-time high nominal prices, Holter says precious metals still provide insurance against financial chaos. In addition, he argues the bull market in gold and silver is just getting started.
The Great Taking: https://thegreattaking.com
What's a bail-in? What may happen if your bank fails:
https://fortune.com/recommends/banking/what-is-a-bail-in/
Dodd-Frank: Title II - Orderly Liquidation Authority | Wex | US Law | LII / Legal Information Institute: https://www.law.cornell.edu/wex/dodd-frank_title_ii_-_orderly_liquidation_authority
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INTERVIEW TIMELINE:
0:00 Intro
1:30 Too late to buy gold?
5:45 The Great Taking
14:30 Debt crisis
21:00 Gold & silver update
29:12 Bill Holter online
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