Friday , 22 November 2024

Search Results for: fiat

U.S. Gov’t Ensnared in a Debt & Interest Rate Trap – Here’s What It Means For Gold

Should the Fed raise interest rates at some point in the future, as is widely expected, such higher interest rates might bring far worse consequences than can be achieved by simply staying the course. While some small, even token, rate hike would be tolerable, a return to historical norms could reap consequences in the general economy far beyond the direct effect on the federal government’s fiscal status. The fact is that the federal government is ensnared in a debt and interest rate trap of its own making from which it will be difficult to extricate itself.

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Silver Is THE “Achilles Heel” Of the Entire Financial System (+2K Views)

In my opinion the "final financial shot' which leads to live financial fire (collapse) will be in either the gold or silver pits of the COMEX or, ultimately, both. Why? Because, at $20 per silver ounce, it would take only $1.2 billion to crack that market open like a watermelon; because, for a pittance of money in today's world, "trust" in the entire financial system of the West can be shattered. Some will say "big deal" or "who cares?" but it is a big deal and YOU should care!

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