FISCAL RUIN OF THE WESTERN WORLD BECKONS
For a glimpse of what awaits Britain, Europe, and America as budget deficits spiral to war-time levels, look at what is happening to the Irish welfare state.More from the article:
No doubt Ireland has been the victim of a savagely tight monetary policy - given its specific needs. But the deeper truth is that Britain, Spain, France, Germany, Italy, the US, and Japan are in varying states of fiscal ruin, and those tipping into demographic decline (unlike young Ireland) have an underlying cancer that is even more deadly.
The West cannot support its gold-plated state structures from an aging workforce and depleted tax base.Read that again:
The West cannot support its gold-plated state structures from an aging workforce and depleted tax base.
That is as accurate as it gets... Our gold-plated government structures continue to grow as jobs and tax revenues plummet, and we cannot afford it.
There is no light at the end of this tunnel, only a solid rock wall. How long to the wall? 12 months? 18 months? Who can know for certain? The only certainty is that the rock wall is there, and our gold-plated government structures are ignoring it. They are headed for it at a faster and faster speed.
Get your wife's jewelry, the gold and silver stuff, and hide it somewhere. It may be all you will have to barter with pretty soon.
2 comments:
Smart people have been buying silver, which has ignored the artificially-inflated gold market and been trending down of late.
Here in the states, I look for the silver troy ounce to replace the dollar as the barter currency, once our corpulent, indolent, idolatrous Papist government follows the brontosaurus into extinction, and the states are left to their own...
Hogarth's Finis redux: "Thus the world ends, not with a bang but a whimper."
Silver will be your salvation in the coming financial collapse.
Post a Comment