Ben Bernanke’s secret solution to our massive, record-shattering debt has been to destroy the value of the U.S. dollar so that the cadre of clowns in Washington City will never be able to service our skyrocketing debt (which includes Medicare, Socialist Security, ad naseum).
By destroying your buying power, this free-fall of FRN$ fiat dollars will drive your cost of living through the roof. It will undoubtedly force retirees living on fixed incomes into abject poverty and trigger massive floods of bankruptcies from coast to coast.
But this intentional destruction of the dollar by our leaders is about to crush the value of your income, savings, investments and retirement in what will go down in the history books as the single greatest confiscation of personal wealth in world history.
Printing presses blazing on overdrive … a collapse of bond prices … a massive surge in interest rates … an explosion of inflation … and the total destruction of our standard of living — at least, for those who aren’t aware or prepared for what is happening.
As JP Morgan pointed out early last century, gold is money, and nothing else. Grasp this simple fact and you understand gold. More to the point, gold is international money. It always has been. Over thousands of years of human economic interaction, gold (and silver) evolved as the chosen medium of exchange. These two precious metals contained all the qualities necessary to facilitate growing trade and economic interaction. The most important quality of course was man’s inability to create the metals out of nothing. Alchemists tried, but to no avail. This inability to manipulate supply made the metals perfect for the role of money.
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