The Phaserl


Death Valley Snowballs and Fiat Currencies

by Gary Christenson, Deviant Investor:

Keep it simple!

  • Snowballs have a short life expectancy in Death Valley.
  • Fiat currencies, backed by credit and debt, survive longer than snowballs in Death Valley, but history shows all fiat currencies are inflated into worthlessness and eventually die.
  • U.S. dollars have value only to the extent that they are strictly limited in supply.” Ben Bernanke on November 21, 2002. But we know the supply of dollars has grown rapidly since 1971, and especially after the 2008 crisis while Bernanke was Chairman of the Fed.
    • The U.S. government is officially $20 trillion in debt. Unfunded liabilities are far larger.

  • Official national debt has doubled every eight to nine years for decades. Debt in 2017 is $20 trillion and accelerating higher, and in 24 – 27 years it could be eight times higher – at $160 trillion. Can this fiat currency Ponzi scheme survive that long?
  • If the Fed “prints” another $140 trillion, will that destroy the purchasing power of the dollar?
  • Note to congress: “If you don’t raise the debt limit you will collapse the fiat currency bubble. But if you raise the limit and continue with ever-increasing debt you only delay a larger collapse.”
  • If something can’t continue, it will stop. What specifically might stop? Economic insanity, exponentially increasing debt creation, Federal Reserve credibility, the dollar as the Reserve Currency, purchasing power of the fiat dollar, euro, pound, yen …and others come to mind.
  • Federal Reserve Notes are debts of the central bank and have value because they are strictly limited in supply. But the supply of dollars is huge and rising rapidly. That begs the question, “What will preserve the value of the dollar?
  • Gold has been valuable money for thousands of years. Which will retain their value longer?

Gold coins,


Fiat dollars created in ever-increasing quantity?

Snowballs in Death Valley tell us most of what we need to know about debt based fiat currencies – and their chances for survival.

Gary Christenson

The Deviant Investor


  • Streets
  • Currencies of the world
  • Values
  • Economics
  • Federal Reserve
  • Levels
  • 10 Grand
  • 300 Million
  • Bubbles

2 thoughts on “Death Valley Snowballs and Fiat Currencies”

    1. Gary: There’s over 300 million in this country, a small percent own gold. Where is the money going to come from. It takes money to purchase gold.
      If gold goes to 10 grand or like most experts are saying ,maybe even 25 grand.
      How can a price be put on something that doesn’t exist ? [ dollars- money ]
      and the most important thing. Inflation. What? inflation will be arrested , Now at 1200 gold.
      The FED raised interest: It won’t stay there very long. Did you read the key word: PROBABLY others state : could-may, all guess-work, [ opinion ]

      If gold cant get to the 1900 level with what inflation we have: How will it get to 10-25 grand. Gary: KILL inflation and no one will need GOLD.

        • And to kill inflation we must:

          a) Kill deficit spending.
          b) Eliminate the national debt
          c) Balance the budget, reduce spending, and gore many sacred cows

          Otherwise, commercial banking and the Fed will increase the supply of currency and that is where the currency will come from…

          There is more gold in the world than at anytime in history. Also far more fiat currency than at any time in history. Either the gold price will increase, or the fiat currency scheme will implode. Based on 100 years of history, bet on more fiat currency, more debt, and higher gold prices.
          The Deviant Investor

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