Huskerguy72
Single-Sixer
Foreign Banks have been buying gold and silver for several years. Why? Because they expect the value of fiat paper currency, especially that of the USA to at least become devalued or even to collapse and revalued. As a Nation we owe over $38 Trillion to bond holders. The financing alone on that amount is astronomical. I want to hear the political rhetoric of who accuses who when the bill comes due which could be anytime. Anyone with half a brain can see this can't go on forever and eventually the bill comes due.
The US has been blessed to have the dollar as the standard around the world. Oil is based on the dollar by political agreement many years ago. Confidence in the US is waning as we are considered a consumer country that produces very little any more. Even with the news about the amount of personal debt, credit card debt just passed $1 Trillion, people are spending money they don't have in record numbers this Christmas alone. The average American consumer is heavily in debt and refinancing their homes if they have equity to obtain some extra spending money each month. It is plum nuts. No wonder the average consumer doesn't pay attention to the US National Debt as they don't care.
I have been convinced for years that the dollar will collapse and our currency and economy will be revaluated. Common sense would say that it can't continue on this road forever. Then add to the other nations who are trying to get their act together including the BRICS which is Brazil, China, Ethiopia, India, Indonesia, Ira, Russia, South Africa and the United Arab Emirates. Their goal is to eliminate the power of the US dollar and have their dollar be the new standard. We have done everything we can to ensure that will eventually happen.
So why gold and silver? Because it is one of the many commodities that retains its value and is recognized world wide. Countries purchasing it has pushed the prices higher and higher. Imagine China when the US government goes into default and revalues their dollar. China buys a lot of our bonds used to pay the debt off each year. Would you rather put your faith in the US dollar or gold and silver?
Where I think this all breaks down is if the US economy does collapse and a bartering system emerges what value is silver and gold going to be? You can't eat it and how do you trade it for something? To me, this just ushers in AI and digital currency which then monitors every citizen to avoid over spending and controls every dollar you have. The reasoning is that is the only way to get this massive debt and revaluation under control. Just my thoughts and opinions, I have no inside sources but common sense tells me this system cannot last.
The US has been blessed to have the dollar as the standard around the world. Oil is based on the dollar by political agreement many years ago. Confidence in the US is waning as we are considered a consumer country that produces very little any more. Even with the news about the amount of personal debt, credit card debt just passed $1 Trillion, people are spending money they don't have in record numbers this Christmas alone. The average American consumer is heavily in debt and refinancing their homes if they have equity to obtain some extra spending money each month. It is plum nuts. No wonder the average consumer doesn't pay attention to the US National Debt as they don't care.
I have been convinced for years that the dollar will collapse and our currency and economy will be revaluated. Common sense would say that it can't continue on this road forever. Then add to the other nations who are trying to get their act together including the BRICS which is Brazil, China, Ethiopia, India, Indonesia, Ira, Russia, South Africa and the United Arab Emirates. Their goal is to eliminate the power of the US dollar and have their dollar be the new standard. We have done everything we can to ensure that will eventually happen.
So why gold and silver? Because it is one of the many commodities that retains its value and is recognized world wide. Countries purchasing it has pushed the prices higher and higher. Imagine China when the US government goes into default and revalues their dollar. China buys a lot of our bonds used to pay the debt off each year. Would you rather put your faith in the US dollar or gold and silver?
Where I think this all breaks down is if the US economy does collapse and a bartering system emerges what value is silver and gold going to be? You can't eat it and how do you trade it for something? To me, this just ushers in AI and digital currency which then monitors every citizen to avoid over spending and controls every dollar you have. The reasoning is that is the only way to get this massive debt and revaluation under control. Just my thoughts and opinions, I have no inside sources but common sense tells me this system cannot last.
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