When The Crisis Hits,Financial Markets Will Shutdown Throughout 80%-90% Of The World: Bill Holter

In this interview with Bill Holter, Bill speaks about how gold was down for 17 days, which is a mathematical impossibility. The economy has not improved. The credit impulse has turned negative which means that credit is beginning to break down. Bill explains how the yield curve has inverted and every time the yield curve inverts we enter a recession. Mark Zuckerberg gave a speech at Harvard discussing Universal Basic Income, Bill explains that this will not work and this is the last attempt of the central bank trying to keep the economy going. When the crisis hits 80%-90% of the financial institutions will not be open, during this period of time people will not be able to access cash, credit and supplies will be hard to come by.