Gold and financial expert Jim Sinclair says $10 trillion in negative debt is beyond stupid. Sinclair contends, “When you make the mistake of paying for the privilege for investing in an absolute insolvent, you are in the biggest bubble in the history of finance. When this tears loose, it’s going to be the biggest tear of the fabric of our lives that we have ever experienced. There are so many things happening and starting to unravel, but nothing is bigger than paying for the privilege of investing in an insolvent.”
Greg Hunter was invited to guest host with Mr. Sinclair and his business partner Bill Holter on JSMineset.com for their paid subscribers. Holter adds, “The fact you have so many (Wall Street elite) coming out in a compressed period of time tells you it’s on the immediate horizon. . . . It’s a reset. That’s how it’s going to be done. We will go to bed on Friday and come Monday morning, the markets won’t open, and whenever they do reopen, there’s your reset or the beginning of the reset.”
Sinclair says don’t expect central banks to come to the rescue as they did in the 2008 financial meltdown. Sinclair says, “Think of the entities that are supposed to be the rescuing mechanism for insolvencies and illiquidity. You can go down the entire list, and they are themselves illiquid and insolvent. What does the world look like after that? Probably, it looks like Mad Max and the day after.”
Join Greg Hunter as he goes One-on-One with Jim Sinclair and Bill Holter of JSMineset.com.