Official national debt rose from $1 trillion to $20 trillion in 36 years. At that rate the debt will exceed $400 trillion by 2053. U.S. government interest payments, at current low rates, on the national debt are half a trillion dollars each year. Interest expenditures will rise to $1 trillion per year, and unless interest rates stay low forever, will exceed $2 trillion per year next decade.
Dire consequences will result.
a)
Debt increases rapidly, annual interest payments skyrocket, and the dollar devalues as they monetize the debt. Result: weaker dollar, higher prices, unpayable debt.
or
b)
Interest rates stay artificially low, debt skyrockets while they destroy the purchasing power of the dollar and create hyper-inflation. Result: weaker dollar, higher prices, unpayable debt.
Pick your poison: debt defaults or hyper-inflation.
The U.S. economy works because businesses and people are confident they will pay debts, stocks will rise, the tax bite imposed by politicians is acceptable, the future will be better than the present, and pensions are safe. These beliefs inspire confidence, but they are increasingly false…
OFFICIAL U.S. INFLATION DATA.
Official inflation data shows that inflation is low. But if you buy food, tuition, medical services, a truck, or pay for housing you know consumer price inflation is NOT low. Yes, computers cost less and gasoline is inexpensive.
But on average consumer price inflation parallels the devaluation of the dollar which is much larger than the official inflation rate. The D. C. circus is a convincing show.
CONCLUSIONS:
·
MAGA—Myths Associated with Government Actions.
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Myths about the economy are easy to believe. The media promote myths every day to support the status quo, which enables the wealth transfer process.
·
When confidence fails, disruptions occur, unemployment rises, and people lose faith in government, Wall Street, and their economic future. Civil unrest increases when confidence falls.
·
Dollars are devalued because they aren’t real money
. Debt is insanely high and guaranteed to grow much worse. Expenses for favored groups such as military contractors, drug companies, and bankers are rising – out of control.
·
Our lop-sided economic system ensures the rich get richer and the poor … well good luck to them. It takes increasing welfare and giveaways to keep the downtrodden quiet and docile. Change is coming.
·
Dollars will devalue, governments will spend, politicians will talk, stocks will rise and crash, and gold will rally and correct. Now is NOT the time for trusting a bull market in stocks.
Gold and silver are real money, safe, and sensible.
Silver is selling at 2008 prices. The price chart for (paper) COMEX silver shows a five-year base and an inverse head and shoulders pattern.
Expect large price rises in 2019 and 2020.
