Submitted by SD Contributor AGXIIK:
The choice of presidential candidates today is a choice between debt default in 2022 or 2024. That math is that compelling and incontrovertible. Every empire in the history of mankind has gone this way. We will just be one more huge steaming FIAT cow pie on the historical road to Perdition.
What happens when the velocity of money, now at a depression era lows, accelerates 5-10 times over? There’s $1.5 trillion in banks. If that is released and with leverage becomes $15 to $75 trillion, we will see inflation, PM values and food prices explode. Grandma won’t be crapping her Depends over this. She will be starving. And just because she’s old does not mean she will go down without a fight.
One out of five people in this country don’t have money for food. They are running out money before they run out of month and depend on food banks. These folks live paycheck to paycheck. The ‘pain at the pump’ will make miserable the lives of the 99% of the people without precious metals. They, like the Portuguese, will be selling their wedding rings for food.
A note about Spain and Greece and their terrible fiscal/ debt situations. Millions of people are taking to the streets over lack of jobs, imploding wages and exploding prices. A group of unionists have stripped grocery stores of their food inventory in Spain. And this is all happening while gold and silver prices are relatively low.
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