by SGT, SGT Report:
When I produced the micro-doc ‘The Curious Case For $936 Ounce Silver‘ in September of 2010, silver had barely begun it’s climb to its 2011 high of $48. But the numbers didn’t lie. If silver and gold were allowed to rise to their fair market prices based on all of the Petrodollars printed, then silver was eventually going to head to over $900 per ounce and gold was headed north of $10,000 according to the quantified research of GATA’s Adrian Douglas. And you all know what happened next.
Within a year silver had skyrocketed higher, nearly breaking the Hunt brothers all-time high of $50 before being hammered all the way back down to today’s levels by the international criminal banking cartel.
When I released the micro-doc ‘WHY SILVER, WHY NOW?’ on December 7, 2010 I wrote,
“Never in the history of mankind has one nation engaged in such a rapid dissent. In 1980 the United States was the world’s largest creditor nation. Today, it’s not only the largest debtor in the world, but in the history of the world.”
And so I ask today, what has changed? Nothing. In fact, in the nearly six years hence, things have only gotten far worse. The United States is now mired in more than $19.2 Trillion of publicly stated debt. And more than $100 Trillion in unfunded liabilities.
Which gets me to the title of this article. The debt clock at USdebtclock.org highlights all of America’s ever compounding debt problems. Spend a minute staring at it as the numbers race ever higher. This is what a Ponzi scheme looks like… in real time.
Now, take a look at the lower right corner of that page. Recently, the creator of the debt clock has updated two very important numbers in order to reflect REALITY: The Dollar to SILVER and the DOLLAR to GOLD price. And this harkens back to numbers we were discussing back in 2010!
According to US Debt Clock.org the CURRENT Dollar to SILVER price is $813.82, while the DOLLAR to Gold number sits at $7,345.
Are you really surprised?
As we have been documenting for many years now, the paper metals charade at the LBMA and COMEX is nothing more than a coat of fresh paint on a dilapidated, crumbling, rat infested mansion. It’s a bad joke. And thanks to the work of Adrian Douglas, Bill Murphy, Bix Weir, Steve St. Angelo, Andy Hoffman, Bill Holter, and the rest of the fine folks over at GATA [and more recently, thanks to Deutsche Bank‘s own admissions], the whole world knows it.
PHYSICAL silver is worth a hell of a lot more than $17 an ounce. And that’s a hardcore FACT.
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