“This Is Going To Be Far Worse Than The Great Depression…” [Video]

Via Greg Hunter’s USAWatchdog.com,

Financial writer and precious metals broker Bill Holter has been documenting all the unpayable debt that has been building up in the financial system like cancer. 

The latest black hole of default is coming from a big bank in Japan.  Norinchukin Bank is selling $63 billion in Treasuries and other sovereign bonds to stay afloat.  Then there is recent news announced by the FDIC that 63 US banks (the names are being kept secret) have more than $500 billion in losses, and let’s not forget about the trillions in losses sitting on the books of European banks ready to suck the world into a black debt hole.  This is just a few of many on a long list of destabilizing problems that can tank the entire over-indebted financial system. 

Holter warns, “The list is so long…”

“it could be a banking problem. It could be a derivatives problem. It could …