The Losses are Hidden – Bill Holter

By Greg Hunter: Recap & 40 Minute Video

"In closing, Holter says, “I have no idea on the timing. Could it be in April? Yes, and it could be tomorrow. It is mathematical that the system will implode because there is more debt outstanding than can ever be repaid. That tells you there has to be a default. Either a default of non-payment or, the more likely and more politically acceptable, just smoke the currencies. Make the debt payable by devaluing them by 40% or 90%. Currencies are going to get smoked.”"