In closing, Holter predicts “the U.S. government will default” at some point and explains, “Default is a mathematical certainty. There is no way the debt and the commitments can be paid back. Once a country get over 100% debt to GDP, that’s banana republic time, and the U.S. is 105% debt to GDP right now. That’s just the debt on the books. That’s not future promises.”
Holter contends this is why gold and silver prices are guaranteed to go much, much higher.
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with financial writer and market expert Bill Holter of JSMineset.com.
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