from Gold Silver Worlds:
What happened?! is the question so many are asking about Friday’s waterfall in prices. A better question is, “Why?” Outside of the insiders, no one really knows. Yes, there can be some fairly cogent explanations, lots of glib answers, but no one knows, for sure.
What we do know for sure is that the market is always the final arbiter. Throughout the decline of the past nearly few years, there has been a continued glimmer of hope for a turnaround in recognition of the infinite printing of fiat, countries drowning in debt, and the only viable solution, at least in the Western world, has been more debt!
Who issues that debt? The central bankers, IMF, EU, Basel Committee, all unelected, non-represented factions that run the lives of the Western world under the sanction of the officially-elected-but moneychangers-beholding governments.
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