--- Summary:
- The entire world is going towards a massive financial crises & no one knows anything about it.
- The global debt has crossed 338-trillion-dollar time bomb, who do we owe?
- If every country is in debt, then who are we supposed to rely on?
- Gold, silver, and Bitcoin, why are all their prices rising?
--- Full Article:
The entire world is going towards a massive financial crises & no one knows anything about it.
The global debt has crossed 338-trillion-dollar time bomb, who do we owe?
If every country is in debt, then who are we supposed to rely on?
Gold, silver, and Bitcoin, why are all their prices rising? Why are we seeing wars and civil unrest? All of this is linked.
What is really happening?
The world now owes $338 TRILLION, which is 3 times the global Gross Domestic Product (GDP).
At the same time, central banks are buying gold at record levels, 1000s of tons every year. Russia’s gold reserves crossed $769.1 billion. China has been buying gold continuously for 15 consecutive months.
They know something that we don’t.
Back in 1971, U.S. President Richard Nixon ended the Gold Standard. Before that, every single U.S. dollar was backed by gold.
You couldn’t just create money out of thin air.
Then this link was cut.
Since then, the same cycle has been repeating:
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Governments print money
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Inflation happens
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Money enters the economy
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Banks receive more money
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Banks lend to governments
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The cycle keeps repeating & debt keeps growing
In the past, when money lost value, people rushed to Gold. But today, we have more shelters
Real Estate, Bitcoin, etc…
So paradoxically, these assets are rising not because everyone has more money, but because people are losing trust in currencies.
Right now, we’ve hit a wall where governments are unable to pay the interest on their debts. So what can they do? They have three options.
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Print more money, but that causes inflation
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Raise taxes but that leads to civil unrest
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To start wars out of nowhere, so you print more money to fund wars
This cycle has repeated for decades & they give an excuse to countries to print money out of thin air.
So whatever trade wars or civil unrest you’re seeing today, it’s not random.
It justifies printing more money, erases old debt & restarts the whole machine.
So is the world in a massive bubble?
I’ll tell you tomorrow in part two, because for the next 20 days, I’m covering everything that’s happening with our money right now.
Follow along & share this with someone & ask them:
Are we heading toward a crash, or is this all just fear-mongering?
Share anything in the comments that I may have missed in this article.