Gold & Silver off to the races
The system is bankrupt
There has never before been a time in history when most sovereign nations are bankrupt and when the financial system only survives due to false accounting. (Banks are allowed to value worthless toxic debt at maturity value rather than market value). So sadly we are now likely to start the next phase in the world economy which is a hyperinflationary depression. Hyperinflation arises as a result of money printing which leads to the currency collapsing. Whilst the price of most goods and services go up dramatically with hyperinflation, most of the assets that were financed by the credit bubble like stocks, bonds and property will collapse in real terms i.e. against gold.
Shangri-La or Ponzi Scheme
As the focus shifts to the USA during the autumn, there will be pressure on the US dollar which eventually will put strong upward pressure on interest rates. The free money bonanza with zero interest rates will come to an end with US rates (and others) soon starting their journey to double figures. Governments and central bankers must have thought that they had invented a financial Perpetuum Mobile. First you set interest rates at zero and then you print and borrow unlimited amounts of money since it is all free. This way we can all experience Shangri-la. But sadly, governments have not reinvented paradise but only been busy creating a fraudulent Ponzi scheme. And like all Ponzi schemes this one will also collapse which will create worldwide social and economic misery for many generations to come.
continue reading http://goldswitzerland.com/general-commentary/
Comment
-
Comment by truth on August 24, 2012 at 1:58pm
-
Major Development in Precious Metals: “The Time to Buy Cheap Will Soon Be Gone”
With the Congressional Budget Office reporting that the United States will soon fall off the fiscal cliff unless the government takes immediate action, the Federal Reserve weighing another round of heavy-hitting monetary expansion, and the Republican Party now apparently jumping on board the gold standard train, the stars for precious metals seem to be in alignment. So says Peter Schiff, CEO of Europacific Precious Metals.
Having been ahead of gold’s massive upward move years before the bursting of the real estate bubble and crash of 2008, Schiff says there has been a “major development in precious metals,” and if you don’t have http://www.shtfplan.com/precious-metals/major-development-in-precio... gold or silver yet, this may be your last chance before they head to new record highs.
Gold & Silver/ Precious Metals
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
What They Told Us About Health and Now it’s Completely Reversed?
Remember growing up that they told us all of these rules of thumb when it came to your…See More
G99Gt39XEAAyu6Y
"Judges with bad judgement should be working somewhere else. When political affiliation surpasses…"
"Less Prone, this Carlos guy has a unique artistic approach but it's not proof. There's…"
KILL THE MESSENGER - Hero Journalist Featurette - In Theaters Friday
In this featurette “Gary Webb: Hero Journalist,” Jeremy Renner (Webb), director Michael Cuesta, Sue Webb and others explore the real man, investigative journ...
"Yes. One of their functions is distraction, but they also bring chaos and crime and change…"
A Masterclass Is Being Played Out For Those Who Have The Eyes To See
A question can be asked, why do Jews want a multicultural community in a host society? It is to…See More
City of Joel - Official Trailer
Now Available on Digital - http://bit.ly/2uxDibn50 miles north of New York City, the town of Monroe is a microcosm for a hyper-partisan and divided nation as...
"Less Prone excellent points and I've seen that video too. Very informative! "
"Less Prone thanks for your support! "
© 2026 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network