Comment: Why the world is in deep trouble - with no easy way out...

(See in situ)

Why the world is in deep trouble - with no easy way out...

I'm no expert on finances, economics and the gold standard but here's how I see it.

Civilization blew it centuries ago when it invented money NOT based on a commodity standard.

Our founders tried to make our money based on gold and silver which traditionally (for several reasons) has been accepted as a medium of exchange between humans.


There are ONLY 2 possible future outcomes regarding monetary policy:

1. A CONTROLLED return to a metal standard for money. And even THAT will cause untold chaos and disruption for a period of time. Because there is too much worthless money in society right now, the cure will be very painful as we would have to figure out how to connect our currency to a supply of gold/silver.

3. An UN-CONTROLLED correction (as happened in Weimar Germany when the German Mark went worthless). In this scenario it becomes an appocalyptic event where only the strong survive. Civil obedience will break down and no amount of law-enforcement will be able to stop it.

Ron Paul has said over and over that one of these 2 scenarios MUST occur. Even though they can probably prop up the lie for a long time yet.

Either way, the end result WILL be a return to at least some semblence of a metal-backed currency or just the precious metals themselves.

THIS is why it's SO VITALLY IMPORTANT to own some gold and silver. THAT is the main lesson to take away from what is going on around us.

This may not even happen in our lifetimes, but it appears more likely that it will.

It will probably begin in Europe where they are learning the folly of the socialist idea of one currency for so many countries. And not even THAT is backed by metals.

THAT is going to end and Germany will be the catalyst.

When the Germans get tired of funding the lazy countries (which I don't even have to name), they will bow out of the Euro and that will be the END of it (most-likely resulting in some kind of war).

As for us, the politicians and central bankers will kick the can down the road as long as possible past the Euro collapse.

Until that time, although it would be foolish to put all your assets not precious metals, we should aquire as much as practical and personally affordable.

Anyway, that's my 2 cents worth which probably isn't worth even that.

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul