When a country lives above its means for an extended period and prints money which it can never pay back, the rest of the world will punish the country and its currency.
It took the U.S. over 200 years to reach a debt of US$8 trillion. Since Bernanke became chairman of the Fed in 2006, US debt has more than doubled to $17 trillion. That is an incredible ‘achievement’ and the beginning of the parabolic rise of US debt not by tens of trillions but by 100 of trillions of dollars. This is no different to the Weimar Republic or Zimbabwe and a completely natural consequence of what is happening now.
In summary, the U.S. dollar fall has started and will accelerate… during 2014. Click here to continue reading……
Related Articles:
1. Growth In National Debt Is 86% Correlated to the Price of Gold! Got Gold?
The correlation between the gold price, silver price and the debt growth has been amazingly accurate since 2001. Government spends too much money to perform a few essential services and to buy votes, wars, and welfare, and thereby increases its debt almost every year, while gold and silver prices, on average, match the increases in accumulated national debt. Read More »
2. Continued Growth In U.S. Public Debt Suggests $2,000 Gold – Here’s Why
The price of gold, on a quarterly basis, is 86% correlated – yes, 86%! – to total government debt going back to 1975… and a shocking 98% over the past 15 years!. Despite the current rumblings, everyone is aware that the debt ceiling will be raised and will likely surpass $20 trillion by the end of President Obama’s term. That would put the price of gold at about $2,000 per ounce. Read More »
3. Startling Relationship Between Gold Price & U.S. Gov’t Debt Suggests What Price for Gold in 2017?
The price of gold, on a quarterly basis, is 86% correlated – yes, 86%! – to total government debt going back to 1975… and a shocking 98% over the past 15 years! [As such,] it would seem like a no-brainer investment thesis to buy gold… as a proxy for the not-otherwise-investable thesis that US total government debt will increase in the future. [But there is more – and it is disappointment for gold bugs – read on!] Read More »
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