by Bill Holter, Miles Franklin:
In case you had not noticed, we live in a crazy upside down sort of world. We could go into the social aspect of this but it would only make our collective blood pressures go up. The same thing goes for politics, religion and let’s not forget an entire industry that used to pride itself on digging for the truth, the media. Nothing, and I do mean NOTHING “is” really as it seems today. Everything is spun, everything is either glossed over or not even discussed (reported on) and nothing is real anymore. Somehow, I think Goebbels is blushing in his grave and Orwell kicking himself for not being outrageous enough when he wrote 1984.
Now would be a good time to revisit something we’ve looked at many times before, namely which is the better deal? Is one ounce of gold better than 1,200 one dollar bills? Or euros, yen, pounds or what have you? The reason this has come to my mind in this fashion is because our world of fiat money now has negative interest rates for about 15% of all sovereign debt (and growing quickly). Zerohedge just released an article talking about 20 central banks already in this new year cutting their interest rates.
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