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Financial system looking for a crisis to take the blame for global debt defaults

Financial system

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(NaturalNews) As time passes and the world becomes more chaotic -- and poor, with the exception of the uber-wealthy, whose income and worth just keeps rising no matter what happens around the globe -- more and more financial experts and economic analysts have become uber-pessimistic, especially about the financial future for the debt-ridden United States.

You can add financial analyst and writer Bill Holter to that list. In a recent interview with Greg Hunter's USA Watchdog, Holter says he believes that the elite power brokers in the U.S. and around the world are well aware of the fragile nature of the economic system and are set to play a major blame game when -- and he says when -- the coming crash hits.

"I believe that they know the financial system is upside down and there is no bringing it back, so they do need to have something to point at," he told Hunter. "It could be a war with Russia. We are trying as hard as we can to create a war, and it looks like Russia, and Mr. Putin, is trying as hard as he can [to not] have a war."

Holter continued: "There could be any number of things to point at. It could an Ebola virus outbreak. It could be the Saudi Arabians accepting euros, gold, rubles, yuan, what have you. It could be anything. There are dozens of topics."

"Truth is the first casualty of all wars. So, we are getting bad information from our press, and we are getting bad information from the Russian press. We're not getting the truth. When a war starts, you will never get the truth."

'Faith is whether your word is good or not'

Holter does not express much confidence in the U.S. dollar either, though it continues to hold up fairly well against other global currencies and maintains its place as the world's reserve currency (though that status is slipping).

"It's a 100% confidence game. The dollar is based on the full faith and credit of the U.S. ... We know from a credit standpoint we are already over 100% of debt to GDP," he told Hunter. "So, there is the credit part of it. Faith is whether your word is good or not. Our allies don't know whether we are going to back them up, and our enemies don't know if we are going to do what we say we are going to do, or not do what we say we are going to do."

Other world events also have Holter skittish and concerned, and that includes recent warnings from the ruling monarch of Saudi Arabia, who said that terrorism is coming to U.S. -- or European -- soil very soon, thanks in large part to the rise of the Islamic State in Iraq and Syria. And such attacks could all tie into the general economic collapse.

"Would that be something to point at?" he says. "If the City of London had a dirty bomb go off or Chicago or New York, that would cripple the financial system within a day or maybe even less. Banks wouldn't open.

'They know that it's upside down'

"What about [the news of] Russians have been hacking our big banks all last week?" he continued. "Is that something you can point at? If all of a sudden we woke up one day and there was hundreds of billions of digitals credit gone, what would that do? Banks wouldn't open, and it would be something to point at.

"They know that it's upside down, and they're gonna need to have something to point at so they can say, 'Our policies were working. Our policies would have worked if it weren't for such and such.' Whether it be war, or an attack on a major financial city or the Ebola virus. You name it."

What would happen to people's accumulated wealth following a crash? How likely is a crash, and in what time frame? Would the U.S. government be capable of honoring its economic promises, both to financial institutions and to the people? Read the rest of Holter's interview here: USAWatchdog.com.

A special note: As Natural News has reported, even Pope Francis has predicted some sort of economic collapse in the future, if conditions remain the same -- NaturalNews.com.





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