AS GOLD BREAKS OUT – THE WORLD IS ON THE PRECIPICE

Thursday, April 19, 2018
By Paul Martin

BY GOLD BROKER
THEDAILYCOIN.ORG
APRIL 19, 2018

As the world is standing on the precipice of a total breakdown, both economically and geopolitically, an obvious question is: “Where is the money coming from” to save the world from perdition. The same question was asked to Maharishi Mahesh Yogi in the 1970s when he was starting a global spiritual project. Maharishi was the founder of Transcendental Meditation and known as the Guru of groups like the Beatles and Beach Boys. When asked “Where is the money coming from”, he replied “from wherever it is now.”

PAPER MONEY HAS ZERO VALUE

That principle would work well in a system of sound money. Money would flow to sound investments and causes. But the financial system has not been based on sound money for a long time. Instead we have false money – money which is fabricated by central banks and commercial banks. This money has zero value and is backed by nothing, zilch, nada! So governments and individuals have spent money that doesn’t exist. This is why the world is sitting on a debt mountain including derivatives of around $2.5 Quadrillion.

The world is now facing the risk of a total breakdown of the world economy and the financial system as I outlined in my article last week. The article covers the reasons for the monumental change the world will soon experience.

WHERE IS THE MONEY COMING FROM

As banks collapse, governments default, companies go bankrupt and individuals become destitute, “Where is the money coming from” that will save the world? There are only two possible sources:

A miraculous improvement in the world economy whereby most countries would produce surpluses to the extent of $100s of trillions in the next few years and the debt would be repaid. Fat chance that this will happen. Before that we would see elephants fly too.
For years the world has had to print and borrow more money to stand still. We have now reached the point when false money creates a negative real return. And it should be self- evident that printed money can never create wealth but sadly this is understood by few.

The only other solution is to borrow and print more money in order to repay existing debt. This is what most Keynesians will recommend. What a wonderful scheme. You borrow more money in order to solve a debt problem. Why don’t we all stop working and just print money. Sounds like a great system. The problem is that the world has reached the point of no return and the current system ain’t working.

Thus there is no acceptable solution.

The Rest…HERE

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