There is no way out. The government clock is ticking away, the interest rate is rising in tandem, budget deficits are spiraling out of control, mirroring the United states as a whole.
https://www.usdebtclock.org/
31.6 trillion dollars at last count, spiraling out of control. Printing presses operating 24/7 three hundred sixty five days a year, spraying ink on fiat paper that in terms of today’s dollars will never be paid back, no matter what the pols say.
Your only salvation is to turn those extra green backs into gold, bury them somewhere, in a clandestine location so the government can’t get their hands on them, like they did in 1933. Remember, the hand of Big Govt is long and strong.
GOLD SHINES IN TIMES OF TROUBLE – A FLIGHT TO SAFETY – IS THE BLACK SWAN UPON US ONCE AGAIN?
“REVOLUTION IS THE SOLUTION”
The mini banking crisis (SVB biting the bullet) this fortnight ago was a bump in the road. There was no problem here for the ordinary man; all of those who lost their money were Democrats. So Sorry! Funny thing though, the BOD consisted of liberal pundits who shoved millions into Democrat campaigns, only one breathing human was from the banking industry. Go figure?
And who will pay for the implosion? Everyone! Goes to show you that the liberal elite will always level the playing field by socializing the losses. Socialism to them as quoted by Karl Marx, “From each according to his ability, to each according to his needs”
Blog post from one year ago
GOLD – ON ITS WAY TO $3000 – POSTED December 2022
GOLD – THE INSURANCE POLICY FOR THE AGES
In case you have been asleep at the wheel, the cost for ONE OUNCE OF GOLD is $1818.00. A breakthrough of the $1800 barrier according to the cognoscenti.
GOLD HAS ENDURED FOR MORE THAN TWO MILLENIUM
EDITED POST FROM SEPTEMBER 2020
What is so special about GOLD? Why has it endured in times of war, political upheaval and economic turbulence? What is money and how does one value it? These are questions that “time” has answered.
Countries have gone to war over gold, pillaged, robbed, murdered and savaged unsuspecting peoples. If printing paper was money, why seek gold in the first place? “TRUST” in government is the number one priority of a stable currency; without trust, citizens resort to the accumulation of precious metals; this is to secure their wealth. Governments have tried to prevent citizens from holding gold, but in the end they all have failed.
And now world governments sit on the precipice of massive inflation, one which there is no viable solution. Trillions upon trillions of dollars have been printed by world governments since March 2020. The continuation of printing continues without interruption; a runaway freight train that can’t be stopped. Revolution or War is the end result.
World governments have seen this show before. They were all socialist in nature. For instance some were on our southern border, for instance Cuba, Venezuela, Argentina and Brazil; burning investors over and over again.
Citizens around the world have learned from past experience that the devaluation of money through printing, let’s call currency money as an academic illustration to make a point, is outright theft by government. So, to ward off the devaluation of their wealth, they resort to the purchase of gold, silver, platinum, palladium; they trust no one accept themselves when it comes to protecting their wealth. Therefore, it is imperative that citizens take note of what is happening in currency markets today. The dollar has been devalued in terms of gold which has risen by over $600 during the past five years.
World currencies are being devalued en masse, they are no longer a stable source of money when compared to real money, that is GOLD. We have not seen the ultimate collapse yet, but rest assured it is not too far off. Its UGLY HEAD HAS BEEN RAISED, CPI UP 5.4%.
What will trigger this BLACK SWAN EVENT is an out of nowhere SUPER surge in inflation. Think of prices rising by 10% in an instant, reminiscent of the Weimar Republic. For this to occur is not out of the realm of possibility.
Protect yourself and be safe, but be careful America. Your well being is the number one priority in the calamity we see ahead.
CLICK HERE FOR A TAKE ON THE HYPERINFLATION BUBBLE – STOCK MARKET SEES THE CALAMITY AHEAD
THE MAN WITH THE GOLDEN FLEECE
PREVIOUS MAY 2021 POST
First it was salt, then spice, then paper, but in the end it was gold. They tried them all, as they say, “you can fool some of the people, some of the time, but not all of the people all of the time.” And it has come to pass, the “ALMIGHTY DOLLAR” is slowly dissolving like the piece of paper it is printed on. Don’t take our word for it though, check the status of soon to be reserve currencies, like the Chinese renminbi (aka yuan) or perhaps the Russian ruble. Don’t despair, the cryptocurrency world is at your fingertips. If that doesn’t suit you, GO FOR THE GOLD, but SILVER will do just fine. To those of the initiated, they know where the price is headed, and that is north. The everlasting obituary is premature, the body has not been declared mortal. And as the eternal rays provide life to all, the man who has gold in his hand will endure for a lifetime.
Gold has been on a tear of late, rising from the mid 1700’s to the 1840 level. The sign of inflation is in the air. A whiff of the third quarter numbers will reveal what is in the black box. Our guess, and it is only a guess, we are not economists, places the number at 3.5%. You can’t keep a good man down, can you. The second quarter won’t be that horrible though, somewhere in the 2.5% range. Don’t forget that the Biden team has their thumb on the scale. And to make a salient point, economists are always right, it is the timing that is wrong. BTW, they have predicted 8 of the last 4 recessions. Batting 50% is a admirable achievement in most sports.