In the history of mankind there has never been a fiat currency that has survived, if that systems was mired in corruption coupled with uncontrolled national debt.
The recent report of $21 trillion in Pentagon accounting errors is just the straw that broke the camel’s back, for America.
It’s almost like there is a rat race to see who will be the first country, or what central bank, will take out the world financial system.
There is no way we can reverse our current national debt, and there is no way there will be an attempt.
The only way the problem can be dealt with at this point is to dissolve the Federal Reserve and institute a backup currency system.
History has shown that other countries like Greece, Portugal and Venezuela have dealt with the problem through currency resets, hyperinflation and austerity programs.
America has dodged the bullet, but the reality is, we never recovered from the damage done in the ’08 sub-prime loan mess, and have had to sit back and watch our financial bubble move toward the big bang.
Every time there is a bubble, there is a transfer of wealth out of the middle class.
Central banks are purchasing gold and silver as a hedge for their survival.
Bill Utrup
Cortez