There is no doubt whatsoever in my mind that we are heading towards some very dark days here in America but, that being said, I believe we can wage a war to change things. To that end I present a number of resolutions which I think will act as a guide to help individuals in initiating a bottom-up transformation of this country. Words: 1150
Read More »Search Results for: fiat
The U.S. Dollar Is Not Going to Zero Anytime Soon! Here’s Why (+2K Views)
The conventional view looks at the domestic credit bubble, the trillions in derivatives and the phantom assets propping the whole mess up and concludes that the only way out is to print the U.S. dollar into oblivion, i.e. create enough dollars that the debts can be paid but in doing so, depreciate the dollar's purchasing power to near-zero.This process of extravagant creation of paper money is also called hyper-inflation. While it is compelling to see hyper-inflation as the only way out in terms of the domestic credit/leverage bubble, the dollar has an entirely different dynamic if we look at foreign exchange (FX) and foreign trade. Words: 1675
Read More »The U.S. Dollar Is Not Going to Zero Anytime Soon! Here’s Why
The conventional view looks at the domestic credit bubble, the trillions in derivatives and the phantom assets propping the whole mess up and concludes that the only way out is to print the U.S. dollar into oblivion, i.e. create enough dollars that the debts can be paid but in doing so, depreciate the dollar's purchasing power to near-zero.This process of extravagant creation of paper money is also called hyper-inflation. While it is compelling to see hyper-inflation as the only way out in terms of the domestic credit/leverage bubble, the dollar has an entirely different dynamic if we look at foreign exchange (FX) and foreign trade. Words: 1675
Read More »Pento: The U.S. is About 2 Years Behind Europe’s Pernicious Path
The U.S. is about two years behind Europe’s pernicious path. We are now over 100% debt to GDP, and if we want to know our future, all we have to do is look across the Atlantic because that’s exactly where we are headed.
Read More »Richard Duncan: IF Credit Bubble Pops Civilization Won’t Survive the Depression that Follows (+2K Views)
Our civilization would not be able to handle such a transition from an expansionary credit based economy where goods and services were readily available into a paradigm of credit contraction, supply shortages and destitution and this is what is coming. There is no way to prevent it – only to defer it until a later date - and that day will soon be upon us. Words: 590
Read More »Richard Duncan: IF Credit Bubble Pops Civilization Won’t Survive the Depression that Follows
Our civilization would not be able to handle such a transition from an expansionary credit based economy where goods and services were readily available into a paradigm of credit contraction, supply shortages and destitution and this is what is coming. There is no way to prevent it – only to defer it until a later date - and that day will soon be upon us. Words: 590
Read More »Nick Barisheff: Make Sure You’ll Actually OWN the Gold Bullion Before You Buy – Here’s Why and How (+3K Views)
Worldwide economic uncertainty has created a growing interest in precious metals as a way to...protect one's wealth from impending economic Armageddon...Unfortunately, many today don’t know how to purchase or store bullion, and consequently may find themselves as vulnerable to financial collapse as those who didn’t purchase any bullion at all. [This article outlines what rigorous due diligence is absolutely required when entering into an agreement to buy gold bullion and how it should be stored and why. Don't buy any gold product without reading this article first.]
Read More »Nick Barisheff: Make Sure You’ll Actually OWN the Gold Bullion Before You Buy – Here’s Why and How (+2K Views)
Worldwide economic uncertainty has created a growing interest in precious metals as a way to...protect one's wealth from impending economic Armageddon...Unfortunately, many today don’t know how to purchase or store bullion, and consequently may find themselves as vulnerable to financial collapse as those who didn’t purchase any bullion at all. [This article outlines what rigorous due diligence is absolutely required when entering into an agreement to buy gold bullion and how it should be stored and why. Don't buy any gold product without reading this article first.]
Read More »Leeb: Lack of Gold On Deposit to Eventually Result in Panic, Massive Turmoil & Total Chaos! Here’s Why (+2K Views)
The banks don’t have the gold the customers are paying them to have on deposit...and eventually there will be panic because...[of that]....I just see massive turmoil when people finally realize the banks don’t have their gold....You will see governments frantically trying to substitute fiat money for gold because this is going to feed on itself....The banks take in customers gold and charge them fees for storing the gold as allocated, but then they turn right around and lease it out to the market to aid in price suppression. This is the kind of thing that will end in catastrophe.
Read More »Leeb: Lack of Gold On Deposit to Eventually Result in Panic, Massive Turmoil & Total Chaos! Here’s Why
The banks don’t have the gold the customers are paying them to have on deposit...and eventually there will be panic because...[of that]....I just see massive turmoil when people finally realize the banks don’t have their gold....You will see governments frantically trying to substitute fiat money for gold because this is going to feed on itself....The banks take in customers gold and charge them fees for storing the gold as allocated, but then they turn right around and lease it out to the market to aid in price suppression. This is the kind of thing that will end in catastrophe.
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