Again, the Case for Gold

This is no way meant as INVESTMENT ADVICE.  I’m not allowed to do that.  What I’m presenting here is merely the case for GOLD AS MONETARY COLLAPSE/HIGH INFLATION INSURANCE.  Visuals are courtesy of Egon von Greyerz’s recent piece in GoldSwitzerland.com

Our future?

It looks like we’ve spent $8 trillion in fighting foreign wars since 2001. But as per the graphic below, our forces are still in 85 countries. My guess is the number is higher if you count spying and other clandestine activities. Plus, we still run most of the global monetary system. But it’s the military costs that are killing us, even as they bloat both Pentagon budgets and the coffers of defense contractors with their ex-general comprised boards.

By now, we’re so indebted we’ve pretty much stopped counting and would fail even the most generous SOLVENCY TEST.

We took 200 years to reach $1 trillion in debt which REAGAN TRIPLED IN EIGHT YEARS while OBAMA DOUBLED in the same eight-year span the $10 trillion he inherited from W. Don’t you just love how equally FISCALLY IRRESPONSIBLE BOTH PARTIES ARE? The only difference is to whom they dole out the CANDY.

And needless to say, both Trump and Biden went MOON-BOUND in their competing red-ink spacecraft; Trump, to fatten the military and corporate sector; Biden, to keep everything else from collapsing. Yet, it is what it is. WE’RE LIVING BEYOND OUR MEANS, BUT IF WE STOP, THE PONZI IS TOAST.

In other words, there’s no end in sight to this. Pretty soon, ALL OF THE FEDERAL BUDGET WILL GO TO PAYING THE INTEREST ON EXISTING DEBT — EVEN AS MORE DEBT IS INCURRED.

Meanwhile, wealth inequality has now reached almost FEUDAL PROPORTIONS.

So, as you can see, a number of UNSOLVABLE NEGATIVES are pointing to the question of not IF the SHTF but WHEN. And when faced with that kind of scenario, prudent individuals, assuming they can, BUY INSURANCE. And the reason GOLD is INSURANCE is that it’s still the BASIS of all money. And if not, why would CENTRAL BANKS hold it in SUCH QUANTITY? It’s THEIR insurance, too!

But one can buy ONE’S OWN GOLD because, after all, who trusts CENTRAL BANKS? They style themselves as MONETARY WIZARDS but are in fact MONEY-SKIMMING CONCESSIONAIRES. They’re at the front of the line; the citizenry at the rear.

But here’s the GOOD NEWS. Gold, as per the MASSIVE EXPANSION OF THE MONEY SUPPLY, is just as cheap as it was in 1971 and 2000. And that’s an excellent price for some excellent INSURANCE.

There — I’ve shared some information with you.