Saturday, December 12, 2009
Something Has Got To Give Soon
We are reaching the point of no return. Soon, if not already, we will have to go into more debt just to pay the interest. What happens then? You might want to think about getting ready. This is building like a snowball and the fallout when all the money being printed by the Fed to fund this filters into the economy, you may not want to be holding U.S. currency. In fact, all the world currencies are tied to the dollar, so you may not want the bulk of your wealth in any currency. The only way I see to minimize the effects of hyperinflation on your wealth is to hold gold or silver, or some similar type of commodity that can be liquidated on the other side of a hyperinflation crisis, but not needed during the crisis.