LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

GoldSeek.com to Launch New Website
By: GoldSeek.com

Is Gold Price Action Warning Of Imminent Monetary Collapse Part 2?
By: Hubert Moolman

Gold and Silver Are Just Getting Started
By: Frank Holmes, US Funds

Silver Makes High Wave Candle at Target – Here’s What to Expect…
By: Clive Maund

Gold Blows Through Upside Resistance - The Chase Is On
By: Avi Gilburt

U.S. Mint To Reduce Gold & Silver Eagle Production Over The Next 12-18 Months
By: Steve St. Angelo, SRSrocco Report

Gold's sharp rise throws Financial Times into an erroneous sulk
By: Chris Powell, GATA

Precious Metals Update Video: Gold's unusual strength
By: Ira Epstein

Asian Metals Market Update: July-29-2020
By: Chintan Karnani, Insignia Consultants

Gold's rise is a 'mystery' because journalism always fails to pursue it
By: Chris Powell, GATA

 
Search

GoldSeek Web

 
John Rubino: Are We Facing A Greater Depression or Weimar Germany?


 -- Published: Sunday, 29 January 2017 | Print  | Disqus 

By Rory Hall

As the monetary magic show continues to unfold it seems our options are running thin as to how our economies can pull out of this ongoing illusion.

John Rubino, Dollar Collapse, explains it like this:

The behavior of the government going forward almost doesn’t matter because the system is toast, regardless. It’s just a question of what kind of a crisis we end up engineering with our mistakes going forward.

We could have a 1930’s style depression, when all this debt gets wiped out by default, Or we could have a Weimar Germany kind of crack-up boom hyperinflation where we just print so much new currency that it becomes worthless. Those are the only two ways to get rid of debt at this level, you can’t grow your way out of it. – John Rubino, The Daily Coin

As this charade continues to bear down on our economies, our communities and our lives we are left with very simple options – accept the reality of what is happening and begin moving some funds into gold and silver or ignore what is happening and be swept away by the money-junkies and their failure to do the right thing and allow the system to clean itself out through debt default of the too big to jail banks.

Going cashless is the only way the too big to jail banks can continue the illusion. If people have the option of taking their funds out of the banking system they will exercise that right. Negative interest rates (theft) is coming to the U.S.. The way to insure that people have funds available for the theft to occur is force them into the system and remove any vehicle that allows for escape – physical cash is that escape, physical gold and silver are completely outside the banking system so there is actually a built in resistance to this coming onslaught of financial bedlam.

Silver, as Mr. Rubino points out, may be the better of the two metals. Not only does silver rise and fall in value along side gold, silver is even more resistant to government mandated monetary policies.

Silver might go up relative to gold, it will go up dramatically relative to dollars and somewhat relative to gold. So, it might be the best thing to own. It’s nice and cheap right now, it’s had a drop from $50 an ounce to $16 and change today, so, I think 5-10 years from now people are going to look back at these prices and wish they had mortgaged the house, sold the extra car and took their kids out of college and used that money to buy silver. Not that I’m recommending that you do any of this, I’m saying people are going to wish they did. – John Rubino

http://thedailycoin.org/

 


| Digg This Article
 -- Published: Sunday, 29 January 2017 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.