Hey free speech RR
Are you going to respond with the WHY on General/President Eisenhower?
Stan
-----Original Message-----
From: Ron Ristad <ristad@xxxxxxxxxxx>
Sent: Tue, Dec 20, 2016 12:32 pm
Subject: [sparkscoffee] The coming collapse of government
"The central banks are trapped and politicians, not hedge fund managers, run
government. These people are ignorant at best if not outright deaf, dumb, and
stupid. They cannot see how this system of government borrowing will continue
if the public no longer buys their debt."
- Martin Armstrong
This how governments collapse. All fiat currencies are debt which is only
backed up by the promises of government. Normally government debt is the safest
form of debt because governments have the power of taxation. But socialists
think money grows on trees and socialist governments will continue to borrow
until people realize that they owe so much debt that it can never be repaid,
even if they taxed everybody 100%. This is the situation in many countries
today, including the U.S..
Once the people who hold government debt realize they are never going to be
paid back there is a rush to exchange government debt for private debt and the
stock market. The selling soon begins to feed on itself. With so many people
trying to sell their government debt and nobody who wants to buy it the value
of the debt plummets and soon becomes a selling panic.
With nobody to buy government debt the government has no money and can no
longer continue to function. In a last ditch effort they start printing money
which leads to hyperinflation, such as that which is occurring in Venezuela
today where a Venezuelan $100 bill is now worth only 2 cents and will soon
become totally worthless. This recently happened in Zimbabwe and resulted in
the government printing $100 trillion bills that were only worth 10 cents.
The collapse takes anywhere from a couple of months to a couple of years but
once it starts it cannot be reversed because the debt will not just go away.
The government has to start all over again with a new currency that is backed
by something such as gold or real estate and the old currency becomes worthless.
Marin Armstrong predicted that the loss of faith in governments would begin in
Oct 2016. Foreign governments began dumping U.S. government debt around that
time and the value of U.S. government debt has begun to fall. The only thing
holding it up is that other governments are in worse shape, notably Japan,
Europe and China. That, and because the U.S. stock market is already over
priced.
The only country not debt is Russia. Both Russia and China have been buying
huge amounts of gold so that if/when paper currencies collapse they will be
able to back their currencies with gold. The U.S. is supposed to have a huge
gold reserve in Ft. Knox but it hasn't been seen or audited for over 50 years,
even though it is required by law to be audited every 5 years, and it is
suspected that it was all secretly sold, especially after Germany asked for
some of its gold, which the U.S. was holding for safe keeping, and the U.S,
refused to give it to them.
Interesting times ahead.
-RR
