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
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