John Rubino: Are We Facing A Greater Depression or Weimar Germany?
The Daily Coin
January 27, 2017
As the monetary magic show continues to unfold it seems our options are running thin as to how our economies can pull out of this ongoing illusion.
John Rubino, Dollar Collapse, explains it like this:
The behavior of the government going forward almost doesn’t matter because the system is toast, regardless. It’s just a question of what kind of a crisis we end up engineering with our mistakes going forward.
We could have a 1930’s style depression, when all this debt gets wiped out by default, Or we could have a Weimar Germany kind of crack-up boom hyperinflation where we just print so much new currency that it becomes worthless. Those are the only two ways to get rid of debt at this level, you can’t grow your way out of it. – John Rubino, The Daily Coin
As this charade continues to bear down on our economies, our communities and our lives we are left with very simple options – accept the reality of what is happening and begin moving some funds into gold and silver or ignore what is happening and be swept away by the money-junkies and their failure to do the right thing and allow the system to clean itself out through debt default of the too big to jail banks.
Going cashless is the only way the too big to jail banks can continue the illusion. If people have the option of taking their funds out of the banking system they will exercise that right. Negative interest rates (theft) is coming to the U.S.. The way to insure that people have funds available for the theft to occur is force them into the system and remove any vehicle that allows for escape – physical cash is that escape, physical gold and silver are completely outside the banking system so there is actually a built in resistance to this coming onslaught of financial bedlam.
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