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Debt Moratorium with 1%Tax? The Arctic Mouse that Roared
We do not care to name names or pick dates.
We are sad enough to have to consider these scenarios.
We do think the demand for cash Dollars, Pesos and Pounds or countertrade barter may only increase with more widespread defaults in the financial system.
Right now The US Mint Gold, Platinum and Silver Eagle Proof and Uncirculated coins are not available. Eagle Bullion coins sell at private dealers at buy/sell/handling/shipping premiums and spreads if available.
Gold and silver are presently not a practical substitute for monetary exchange, although they once were Constitutional legal tender in settlement of debts.
http://www.usconstitution.net/const.html#A1Sec10
The spectacle of taking a $72,000 Gold Eagle
Extreme demand for dollars or gold may be telegraphed by suddenly higher interest rates across the board when smart money realizes the USA has passed the point of no return on servicing debt, and the government, rather than seizing declining gold, may by force majeure, turn 90 day T Bills into 30 year bonds.
In sum, the Big4 say higher interest rates across the spectrum of maturities are not likely right now except for long bonds.
We have learned to trust them over the years.
In any event, we have also learned to employ MOC Trailing Buy and Sell Stops to enter and exit long-term positions as the best way to grow and protect capital.
Regards*Rich
JubileeProsperity@gmail.com
