by Gary Christenson, GoldSeek:
When central banks and politicians “manage” global currencies, we can expect:
Exponentially increasing debt and currency devaluations
Massive inflations and deflationary crashes.
Transfer of wealth from the many to the few.
Derivatives exceeding $1,000 Trillion and eventually a crash.
A mathematically inevitable financial collapse.
Monetary and fiscal madness.
Booms and busts.
Much higher gold and silver prices.
It has happened before and it will happen again…
Last Century Madness:
- Weimar inflation in Germany 1921-1923: The exchange rate for Marks changed from 90 Marks to the US dollar in 1921 to over 4 Trillion Marks to the US dollar in about 2 years.
- Argentina devalued their peso and exponentially expanded the currency in circulation so rapidly that Argentina lopped off 13 zeros since 1950.
- Zimbabwe printed so many trillions of Z-dollars that inflation, according to Wikipedia, exceeded 200 million percent in 2008.
Current Monetary Madness:
Japan has created a national debt that exceeds 1,000 Trillion yen, about 250% of their GDP. According to the IMF, Japan’s debt is “unsustainable.”
The US national debt (official only) currently exceeds $19 Trillion, up from $398 Billion in 1971, $5.6 Trillion in 2000, and $10.1 Trillion in October 2008. National debt has increased at a compounded (exponential) annual rate of about 9% per year since 1971.
Please follow SGT Report on Twitter & help share the message.