Chinese Government to Citizens: Buy Gold and Silver
Historically, the Chinese have exerted very little impact on speculative investments; however, times are certainly changing.
SDRs, or special drawing rights, are a type of off-the-wall currency floated around the International Monetary Fund. In order to keep everything clean, orderly and honest, (as much as it can be with an institution more powerful than most national governments), the IMF created the SDR to easily exchange a country’s reserves for individual [...]
Historically, the Chinese have exerted very little impact on speculative investments; however, times are certainly changing.
Who’s the biggest borrower today?
The United States of America. At 12% of GDP, its deficit is more than twice as large as that of France. It already owes Japan and China as much as Germany owed its former enemies in reparations – adjusted to today’s money.
While the private sector during the bubble years brought U.S. [...]
“History doesn’t repeat itself, but it does rhyme.” – Mark Twain
What are we going to do about all the debt?
We have a lot of it, the only way to pay it back is to lower the value of the dollar – a devalued dollar means loss of purchasing power, which means inflation…which means you need [...]
