The Phaserl



by Bill Holter, Miles Franklin:

Last week I tried to explain how systemically there is one giant and global margin call occurring. Today, I would like to take a step backwards to explain some of the mechanics. Though this is very basic, you must fully understand the “how” in order to get to the “why”.

Everyone knows the U.S. went off the gold standard completely in 1971. Since then, (other than the Swiss until 1999), no nation has had any gold backing (or ratio backing) for their money. All currency has been “fiat” and was accepted on faith alone. Until the 1980′s we lived in a world where the “West” for the most part had clean balance sheets. You could say it was a lingering hangover from the Great Depression, debt, or too much of it was feared. From individuals to corporations, from local government to the federal government, debt, or too much of it was not really a problem.

Read More @

Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>