Following up on his August 31st report "Something Just Happened" report, Bill Holter from JS MineSet joins SGT Report in a hard hitting interview to which Holter asserts "We're going to have an absolute Biblical collapse of our standard of living, and no one even has a clue that it's coming."
In Holter's initial report (reprint) he clarified an inaccuracy over Shanghai deliveries but states that he stands by the rest of the report, where "Something changed three weeks ago and a series of events began," starting with China announcing 600 additional tons of gold, followed by the IMF rebuff of China, the three yuan devaluations and three “coincidental” explosions.
Holter also questioned some very odd events happening in the precious metal markets.
The whole article should be read in its entirety over at JS MineSet before listening to the interview below.
In this interview Holter explains why he thinks a major dollar collapse is on the horizon with the events discussed in the linked article above leading to a cascading collapse in global markets as he exapns on the strange happenings in the metal markets, as he warns the leverage in all markets suggests a “holiday” will occur because the unwinding cannot be orderly. The “unwinding” by the way will need to undue the credit built upon credit going all the way back to Aug. 15, 1971.