- Registration time
- Last login
- Online time
- 59 Hour
- Reading permission
Eazy Peazy; Lemon Squeezy|
As Gary North has pointed out, the Great Satan is so heavily indebted that it will have to default. Laurence Kotlikoff claims the Great Satan unfunded liabilities are $220trn. The on-the-books liabilities are $21trn.
North points out that inflation is a stealth tax and therefore the most politically viable way to default rather than an outright default. He claims it's "100% guaranteed". But it's worse than that. Western nations are already outright defaulting on pensions obligations by raising retirement ages. So inflation is 200% guaranteed.
Whilst the BS claims the FED is fighting inflation. Others have pointed out that the only possible source of inflation IS the FED. Whilst they claim inflation is only in the region of 2%, anyone who looks at the price of housing 30 years ago, can plainly see that inflation is closer to 7% and the S is only just H-ing The F.
Given this guaranteed inflation of about 7% per annum and gold's inevitable and inexorable rise in price which is, most importantly, compounded year after year after year, you'd have to be completely stoooopid not to be holding gold as a long-term investment to be hoarded.
This is why the propaganda articles all claim that buying a house is cheaper than renting. What all these propaganda articles fail to mention is the income you receive from investing the capital. After all, Germans mostly rent rather than buy. Are Germans supposed to be stooopider than Anglo/Amerikans? They don't want you selling your house, taking the capital and investing it.
Here's the statistics for gold over the last 15 years:
End of year price (in "nitroglycerine" poodles), LBMA afternoon fix:
Last spot price: 971.79,
These prices can be double-checked at: http://www.lbma.org.uk/precious-metal-prices#panel2
Here's the average a.p.r. return for each year, again counting down and referenced to 2003:
2018 ytd: 10.19%,
Here are the same statistics for "worthless paper" USD:
2018 ytd: $1314.89,
And the average a.p.r.:
2018 ytd 7.98%,
Can you imagine getting those rates of return from a hedge fund? Can you imagine having those sorts of return being virtually guaranteed for the future? WELL THEY FREAKIN' ARE YOU SUCKERS!