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Default Deflation Depression III~ Versus the Myth of the Salvation of Hyperinflation
Is it just an accident the face value of the Gold Eagle is $50 and the Silver Eagle is $1?
They are Legal Tender, if not Constitutional money.
There are too many debts now for a gold or silver standard that works.
The Gold and Silver Industries cannot afford $160,000 gold or $20,000 silver.
Gold and silver, when no longer supported by a Constitutionally mandated standard, go down with deflation.
Take a good look at every economic crisis since 1980. Gold and silver went down as they were liquidated for margin calls to raise cash.
The whole world is on a continuing margin call, as America, Africa, Asia, Dubai, Greece, Russia, South America and the Euros scramble to service debts.
With default driven deflation and the inevitable inescapable forgiveness of debts, only productivity and savings may get us back to freedom and prosperity.
Washington, Jefferson, Lincoln and the Bible warned us a house divided cannot stand.
We are indeed a war-ravaged economy, like Germany, Japan, Korea or Vietnam.
Only our damage is our usury-based government compromised financial market system.
So far, governments are not representing the people fairly in this regard.
The vast majority of voters want government to borrow, restrict, spend and tax less.
Pretending borrowing, regulating, spending and taxing more while bailing out cronies with generational theft, is good for the people, even after these discredited economic tactics failed US for Jubilee generations, is a recipe for default driven deflation and depression. Let the saver beware.
