by Steve St. Angelo, SRSRocco Report:
Unfortunately, the U.S. and the world have entered into an exponential increase in debt trend that can’t be stopped, or the global economy will head into a depression that never ends. I chatted with Tom at Palisades Radio about the Energy Cliff predicament the world will face in the future.
While the debate about Peak Oil will continue, when we understand the “Massive Natural Decline Rate” of the Global Oil & Gas Industry, it will become impossible to offset these declines in the years ahead. Thus, the highly leveraged financial system will get into trouble, forcing investors to transition into physical gold and silver to protect wealth.
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