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A Man of Wealth and Taste
 
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Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
Since 08 the economy does not exist without printing and borrowing. At the time I said they were replacing the Private Debt Bubble with a Sovereign Debt Bubble. that the next time it would take God or the Aliens to bail us out.

It is completely insidious..as they rob from the intrinsic Macro value of the USA to pad your bank accounts today.. So there is an appearance of normality, but behind the screen ohhh boy..bend over.

They are robbing the ability to pick ourselves up from the ground once the crash occurs..There will be no economic structure left. Just a big smoking hole in the ground..a nuclear war without the bombs. In the face of that nadir..civilizations collapse. Lots of historic precedent.

With the latest 1.9T COVID Bill THE USD HAS WOBBLED.... people and institutions are now seriously trying to legitimize Crypto...it has a TRUST problem...being new and made up out of thin air..under dire circumstances people want something they can hold in their hands...see it and touch it..put it into their pockets..Gold Silver Guns & Ammo fulfill that bill. Those hard assets have an intrinsic value that is separate from their monetary value..

Short term it appears that the forces of inflation are once again operative..but the the head winds are DEFLATIONARY.. The American consumer is a spent force..only propped up by printing and borrowing by the govt.


As far as timing goes my security clearance isn't high enough to be in the loop. Recently though I have had the notion that I would go off the Grid and become a Desert Rat..
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