from Silver Phoenix 500:
The myth that we owe it to ourselves is overdone. Debt is out of control, and we have no intention of paying it down. It is somewhat of a joke that we make that claim.
For those that should know better, the elite, it is “perfectly rational” to accept that we will simply pay it down with cheaper dollars. Or that inflation will melt it away – so no need to worry, CPI is low. This is sinister.
Serving debt by devaluing this time around simply cannot be done anymore than we can pull ourselves up off the floor by our own bootstraps. It is futile.
This is not post-World War II earth. We are not tied to gold in any formal sense.
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