argentina here we come :-(
These are the fundamental realities that drove gold up to record highs and they haven’t changed.
SHTF/WROL in the streets and Obama’s ignorant voting base will probably be hit the hardest.
Scary stuff.
Thanks for all your good work, 2ndDivisionVet!
I probably won’t live to see the end of the year, yet I fear more for my country then myself.
Our politicians have failed us in every possible way.
“massive new tax hikes”?
on what?
does he think people will impoverish themselves to send money to Washington DC when they can’t pay to eat or heat their homes or buy a tank of gas or see a doctor??
Obama voters will starve.
This was posted near an article that said, “Don’t buy gold.” If interest rates are going up and the dollar crashes...aside from food and ammo, what else comes through with any value? Hard assets. Stuff you can hold in your hand. Land. Gold. Silver.
Who is right? I guess we will have to wait to see.
I like Peter Schiff but on this one he is dead wrong. The US dollar is being saved by the fantastic rise in US oil production and the sudden increase of US oil & gas reserves by 50-100 trillion dollars.
It is evident that printing money lowers its value and causes inflation, because the money is worth less.
During inflationary times interest rates rise. If interest rates rise, the US debt will increase. The only way this doesn’t destroy our economy is if the government somehow forces interest rates down. This has never been done before and no one knows what will be the result, long term.