‘Mr.Gold’ Warns Higher Rates Will Blow Everything Up Via Greg Hunter’s USAWatchdog.com, Financial writer and precious metals expert Bill Holter (aka Mr. Gold) has warned for years about what happens in the end when a debt bubble pops. Mr. Gold explains, “This bubble is like any other bubble in mankind’s history…” ” In the 1920s, credit was extremely easy. When credit tightened, it was the wealth effect in reverse. We saw this again in the early 1970s. We saw this again in the 1987 crash. Interest rates went from 7% to over 10% . . . and that bubble popped. … — Continue at ZeroHedge News : Read More
