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:
From Scandinavia to Amsterdam to India and elsewhere, the trend of going “cashless” is gaining traction.
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”:
Greg Mannarino warns the financial sector is about to take a MAJOR hit:
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.
If you think a cashless society is not coming, just keep telling yourself that every time you use debit, credit or your phone for a purchase.
A fistful of bolivars buys… well, next to nothing. A sad state of affairs in Venezuela.
But is America next?
Peter Schiff Warns QE4 Is Coming…
We’re heading for hyperinflation.
The END GAME is Everybody has ZERO Purchasing Power Currency…
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…
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…
Is Donald Trump really a good guy who has gone rogue from his establishment jesuit/masonic background and is truly going to “drain the swamp” or is he a Trojan horse?
At this point it is really difficult to tell.
Let’s look at both possibilities:
Billionaire Eric Sprott Explains,
There’s Only 2 Explanations For This Move In the Stock, Bond, Gold, & Silver Markets:
Donald J. Trump is the President-Elect of the United States.
The media and political establishment are SHELL-SHOCKED.
When the results came in, Dow futures collapsed 700 points LIMIT DOWN and gold skyrocketed.
But now the markets have reversed dramatically.
Rob Kirby says the ONLY explanation for market reversal is market interference.
Trump will not allow this kind of manipulation…