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. 

Direct download: Bill_Holter_04.Feb.15.mp3
Category:general -- posted at: 2:45pm EDT
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