Source – marketsanity.com

– In response to the sell-off in German sovereign bonds, Mr. Holter says, “I suspect that many financial institutions have become insolvent.”

Bill Holter is currently an associate writer for Miles Franklin and posts commentaries to their website every day. Prior to joining Miles Franklin in 2012, Bill Holter Worked as a retail stockbroker for 23 years, including 12 years as a branch manager at A.G. Edwards. Later, he left Wall Street to avoid potential liabilities related to management of paper assets. In 2006 he retired and moved to Costa Rica where he lived until 2001 when he moved back to the United States. Bill was a well-known contributor to the Gold Anti-Trust Action Committee (GATA) commentaries from 2007-2012.