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When They Stop Buying Our Debt: “You’ll See a Worldwide Depression That’ll Make the 1930?s Look Like a Kindergarten”

By: capt_nemo in ROUND | Recommend this post (0)
Wed, 21 Mar 12 4:57 AM | 39 view(s)
Boardmark this board | De's Test Board 		Msg. 39732 of 45510
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By: poorrichard
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ECONOMY

In a recent micro-documentary Chris Duane of The Greatest Truth Never Told and Don’t Tread On Me
discusses the coming collapse of our debt-based monetary system and provides a simple, yet succinct argument for why it cannot be prevented.

There’s $8 Trillion in global sovereign debt that needs to be rolled over in 2012. This does not include state, local, corporate or personal debt. There’s simply not enough cash in the world to buy all this debt.
What is worse – who would? Who in their right mind would loan cash today for ten years for a guaranteed return of 1.85%. We know inflation is at least running at 10% in the real world, and you’re taxed on the gains you make before inflation, making bonds a very bad choice for anybody.

http://poorrichards-blog.blogspot.fr/2012/03/when-they-stop-buying-our-debt-youll.html




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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