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The Gold Imperative


Got Gold? [courtesy Google Images]

Got Gold?
[courtesy Google Images]

Gold-Eagle.com published an article entitled “The Inflation Imperative” which stated in part that:

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“The western welfare states (US, UK, EU etc.) have borrowed more digital currency than can be repaid at current values. The choices are:

“1. Massive inflation: a bad choice.

“2. Default: an even worse choice.”

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In fact, these two choices could be more clearly expressed as:

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1. Covert debt default by means of massive inflation: a bad choice

2. Overt debt default: an even worse choice.

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Butterfly Bernanke: “Ah don’ know nuthin’ ‘bout pricin’ gold, Miz Scarlet”


Bernanke2I recently interviewed Michael T. Snyder on the Financial Survival radio program.  Mr. Snyder is the author of TheEconomicCollapseBlog.com and of a recent novel entitled The Beginning of the End.  He’s an intelligent young man with an enviable education:  B.S. in Commerce from the University of Virginia; a law degree and a Master of Laws of Taxation from the University of Florida.

In the course of the interview Mr. Snyder confided that, ever since he was a young boy, he sought and expected to find teachers who could explain to him how the world really works.  But he never found such teachers at the grade school, junior high, or high school levels.  That didn’t surprise him, but he did expect to find such teachers at the college level.  He didn’t.  He definitely expected to find such teachers at the advanced degree levels for a Juris Doctorate and Master of Tax Laws.  He found no such teachers.

More, in the ten years since he completed his last degree, he’s come to the shocking conclusion that, in the world of economics, no one actually knows what’s going on.  Our economy seems to bump along from one crisis to another and, so far, has seemed to survive—but no one really knows why.

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