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Bill Holter-Financial Crisis Update

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Miles Franklin
Published : February 06th, 2015
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Category : Editorials

from Financial Survival Network

Bill Holter has been observing the current world crisis with increasing alarm.

The debt merry-go-round is spinning faster and faster out of control. Now that ECB has begun QE in earnest and the Swiss have broken the Euro/Franc peg, it’s hard to imagine how much longer the system will stay afloat. Greece’s debts are unsustainable, the derivatives bubble is about to be popped and counter-party risk is about to become the term dujour.

Will there be a systemic collapse leading to seizure of the credit markets? Bill thinks it could happen, but we all certainly hope not.

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Bill Holter is an original. After a lengthy career in financial services, he retired in 2006 and moved his family out of the U.S. He then returned in 2011 and makes currently makes his home in Texas, and is currently a partner of Jim Sinclair at www.jsmineset.com
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