Bail-ins and negative interest rates, the ultimate admission of failure; cash and physical gold, standing in the way of a lifetime of financial servitude and slavery!
By: Mike Hoy
GoldSeek.com
Monday, 14 March 2016
For the last several decades, the out-of-control growth of US Government spending when combined with the unlimited printing policies of “The Fed” has set the stage for “The Perfect Storm!”
Anyone with a simple calculator can easily understand how it is virtually impossible for 320,000,000 people to retire a current and rapidly growing debt of $19,000,000,000,000. This is a sum which equates into $60,000 worth of debt per man, woman and child in the US today. Please ignore the fact that half of the population pays no income tax at all. Forget about the $100,000,000,000,000-$200,000,000,000,000 in future entitlement obligations as only a dreamer could believe this debt has any chance of ever being funded with anything other than more worthless paper!!
Two very important factors separate the US from the rest of the indebted nations of the world. First; the US debt dwarfs the debt of all other nations. Second; the US population has been brainwashed into the false belief the mere existence of “The Fed” is an “unquestioned given” entitled with the “inalienable right to print” unlimited trillions of fiat dollars to bail itself and any of its friends out of any mess they may find themselves in!
The US financial system came within an eyelash of imploding in September of 2008 as “The Run” on money market accounts threatened to bring the financial system to its knees!
To the rescue came “Helicopter Ben” as head of “The Fed” armed with his theories from a lifetime of study which he was eager to implement in a real life situation.
“Uncle Ben” opened the floodgates passing out trillions in “monopoly money” as he believed the solution to the problem was more of the same. He was presented the classic opportunity to attack and destroy the enemy responsible for the creation and implementation of “The Financial Weapons of Mass Destruction” while bringing to justice those responsible for the desecration of the world-wide financial system.
Unfortunately his mousetrap wound up being designed by and for the benefit of the “rats” responsible for the implosion within the financial system. Instead of being the cure for the impending nightmare “Uncle Ben’s policies” wound-up becoming an effective vaccination for the “rats” as their numbers multiplied with the disappearance of the cheese; leaving the masses of the world to deal with the mortal side-effects of a corrupt financial world gone mad!
Not only did no one go to prison as a result of the 2008 implosion but the solution chosen by The Fed to print trillions has made a very dangerous financial nightmare exponentially worse when “The Fat Lady” does makes her appearance!
THE NEXT CHAPTER IS WRITTEN:
The Rest…HERE
