When the fiat monetary scheme of the U.S. central bank collapses – and it will – commerce as we know it will come to a complete halt. Even in the event that, by some miracle, we avoid a total meltdown in the US dollar, never ending debt commitments and trillions in monetary easing will lead to massive price increases for essential goods like food, gas, and utilities. As noted by Greg Mannarino, we’ve already seen a 400% increase in gas prices since 1990, an effect experienced in other American staples like milk and eggs.
That inflation is destroying the purchasing power of Americans cannot be denied. What’s more, with the tripling of our debt in the last twenty years, the pace at which prices rise is accelerating.
This means, according to Mannarino, that the only protection you have against this exploding debt bomb is to own hard assets.
If you’re still in fiat currency and you refuse to believe that gold is going to continue to rise here, then you have got a serious denial problem.
You need to get out of fiat currency. You need to become your own central bank.
For those with excess fiat currency holdings, physical gold and silver are undoubtedly excellent investment vehicles to protect one’s wealth as the US dollar continues to degrade.
As more dollars – to the tune of trillions a year – are introduced into circulation, the only possible outcome is continued price increases for those items we utilize the most.
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Read by 44,224 people Date: March 20th, 2013 Website:www.SHTFplan.com
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