The Presidential Election Won’t Stop the MOTHER OF ALL DEFLATIONS
By Steve St. Angelo, SRSrocco Report
GoldSeek.com
Tuesday, 8 November 2016
Unfortunately, it doesn’t really matter which party wins the presidential election as neither one will be unable to stop the coming MOTHER OF ALL DEFLATIONS. While it is frustrating to watch just how insane this presidential race has disintegrated into, I try to not to focus on it.
Why? Because the U.S. Government will become totally powerless to deal with the future financial and economic collapse. Furthermore, most institutions will also lose the ability to function when the system cracks. This really isn’t a matter of if or when…. IT’S HAPPENING NOW.
According to a recent Zerohedge article, Dallas “Pension Fund Panic” As Major Warns Of 130% Property Tax Hike To Avoid Collapse,
“This is much like a Bernie Madoff scheme, if you ask me,” said Dallas mayor Miek Rawling discussing the collapse of the local Dallas Police and Fire Pension Fund. The Dallas pension board wants the city to contribute $1.1. billion in 2018, but to do that, they would have to increase the property tax rate by 130%.
This is just one sign of many hundreds that continue to eat away at the financial and economic system. What is ironic to witness is the complete failure of the analyst community to understand the real reason for these financial disasters. While most of the blame is put on the totally useless Mainstream Financial Networks, the majority of the alternative media analysts are clueless as well.
This is due to the alternative media’s failure to understand the underlying energy dynamics. I used to read a lot of the alternative media sites (especially the precious metals), but presently only look over a few. Many of the precious metals sites continue to harp on matters that really aren’t important anymore.
Of course, they do this because they do not want to look at the vital energy dynamics. For some reason, most of the precious metals analysts look at energy as just another industry…. much like the retail or health care industries. It doesn’t matter to them that the price of oil is now $75 below the cost of new production of $125 a barrel (according to the Hills Group work).
Thus, the collapsing oil price will destroy the value of most physical and paper assets, BUT NOT GOLD & SILVER. Here is a chart of the “Global Asset Universe” by the Savills Research Group Report:
The Rest…HERE
