A decision to own gold and silver is a conscious choice to trade paper currency (i.e. a liability of a central bank) for something that’s real:
The numbers are pretty startling.
“We are facing a terrible crisis… In terms of the Fed (getting control) and the long term solvency issues, these are death knells for the dollar. Unless those are addressed, you are going to see massive selling of the dollar, a debasement of the dollar and high inflation that will lead you into hyperinflation…”
Please read this carefully because if you do not understand it, you will not understand “why” mathematically we are about to go through Financial and Economic Disaster:
According to Federal Reserve data, the average lifespan of a $100 bill has fallen by more than 30% over the last several years:
“How on earth are we going to resolve $120 trillion on balance sheet and off balance sheet liabilities before we consider state and local debt and underfunded pensions? My suspicion is we get out of this in one of two kinds of defaults.
I think we will have a series of unofficial defaults where we devalue the net present value of the obligations, which is a different way of saying we devalue the currency, gradually like we did in the 1970’s. I think that will have the same impact on gold and silver prices…”
This is an important lesson in hyperinflation:
It’s beginning to look like the Indian Government’s latest attempt to suppress the amount of physical gold demanded by the Indian population is going to backfire – badly.
As this effort fails, the rebound in the price of gold and silver will likely create its own “shock and awe”:
Last weekend, the Washington Post reported a new, McCarthy-type black list of “fake” political news sites. The mainstream reporting of the the current economic news is now so pathetic and biased that there will no doubt soon be a similar list of “fake” economic news sites.
A fistful of bolivars buys… well, next to nothing. A sad state of affairs in Venezuela.
But is America next?
“The Federal Reserve’s balance sheet has exploded.
Anyone who has surplus funds should be holding gold and silver because the dollar should be reduced already to the level of toilet paper…”
Peter Schiff Warns QE4 Is Coming…
We’re heading for hyperinflation.
The END GAME is Everybody has ZERO Purchasing Power Currency…
How close to full-on economic collapse are we, and will a Trump presidency rescue us or hurtle us over the cliff?
The world is sitting at the edge of a massive deflationary cliff.
Peter Schiff has an economic message for Donald Trump…
You can’t scare people by telling people having Donald Trump in power will make things terrible, if the world they’re living in is already terrible!
The ONLY thing people cared about was CHANGE!!
The Election of Donald Trump means it is no longer possible to ignore that REAL CHANGE is required…
Clif High can’t name a price for gold and silver, but his “predictive linguistics” says,
“At some point in 2017, probably past mid-year, we’re going to be looking at hyperinflation so bad that the DOW will be measured around $100,000 to $125,000. Meaning, the dollar will be so worthless that it will take $125,000 to buy the little basket that is the DOW. I also have language that says an ounce of gold will be approaching the DOW in terms of value. This is not ludicrous. In the last depression in 1933 and 1934, after the shutting of the banks . . . we had a point where gold and the DOW were the same, and gold dominated the DOW for decades.”
Join Greg Hunter as he goes One-on-One with Internet predictive linguistics expert Clif High:
Most market participants with at least two brain cells to rub together have figured out that Trump’s economic game-plan would widen out the Federal spending deficit and further accelerate the issuance of more Treasury debt.
It is likely that the Fed will have to monetize some of this new debt issuance.
This is the perfect recipe for higher gold and silver prices…