More proof that there is going to be a big fiat crash, leaving Bitcoin and gold and silver to rocket to the moon.
Study Discovers That If The Debt Machine Was Turned Off...
Study Discovers That If The Debt Machine Was Turned Off...
A new study has discovered that we are far more dependent on America’s great debt creation machine than most of us would have ever dared to imagine. Today, debt is involved in most of our major transactions. In order to purchase a home, most of us go into debt. The same thing is true when most of us buy a vehicle. Total credit card debt is well over a trillion dollars, and total student loan debt is now over a trillion and a half dollars. Corporate debt has more than doubled since the last financial crisis, state and local governments are absolutely drowning in debt and unfunded pension liabilities, and the federal government is more than 22 trillion dollars in debt. The Federal Reserve and the “too big to fail” banks are at the core of this insidious debt-based system, and it has been systematically destroying the bright future that our children and our grandchildren were supposed to have. But if we suddenly turned off America’s great debt creation machine at this point, our entire economic system would totally collapse because we have become so dependent on it. In fact, a study that was just conducted by Bloomberg discovered that “gross domestic product per capita would plunge into negative territory” if the ability to borrow was suddenly removed…
The nation’s health as measured by gross domestic product per capita would plunge into negative territory without its dependence on borrowed money, according to data compiled by Bloomberg.
The nation’s health as measured by gross domestic product per capita would plunge into negative territory without its dependence on borrowed money, according to data compiled by Bloomberg.
So you're telling me that in the event of a fiat sell off (as in massive fiat sell of) that you're going to see fucking precious metals be worth something?
I'm telling you right now that if there is a massive fiat selloff, to the point that countries are going under -- then you're going to see the end of all of government and the economy as a whole. No investments are going to be able to withstand this sort of selloff mostly due to the fact that most of precious metals are paper trades anyway.
Don't you remember Argentina, twice now since 1990? And the German Mark at the end of WW2? You could buy a loaf of bread for a wheel barrow of cash. When the value of fiat goes that low, what will take its place? Gold and silver have always been in style. And if the power grid and the Net remain, Bitcoin will become a biggie. Many people in the thousands of years of history have bartered with land. But there are all kinds of things that people have used for money in the past.
Certainly there will be a fair amount of chaos. But such has always been the case for as far back as history goes.
