Ever Wonder Why Gold & Silver Are Skyrocketing? 2011 Projects 10.2 Trillion in Global Borrowing. That’s Why.

Copyright 11/16/2010 By CK Hunter

I am continually surprised by how little most Americans [including those with money] actually know about inflation, what it is, what it means, and how it devalues a currency over time. I shouldn’t be, though, many Americans have now taken to the horrendous habit of actually buying their groceries with credit cards, something just too insane to even imagine. Does it not occur to these folks that they will be paying anywhere from 10.6 to 18% or higher on something that will be consumed in a week, yet they will continue to pay interest on the purchase possibly for years to come, via monthly minimum credit card payments. It’s a world going mad in so many ways.

Just about the only thing right now during the window of the next 2 or 3 years, until they make it illegal to hold silver or gold [it’s coming] is buying and holding gold and silver in bullion form as a way to protect the value of what dollars one has. Not to belabor the point, here’s the gloomy news of just exactly how our dollar will continue to be debased on into 2011 and 2012:

10.2 Trillion in Global Borrowing Needed to Avoid Top Nations Sliding into Bankruptcy

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2 comments

  1. Pingback: Alternative News Forum Recent Posts: November 2010 « The 21st Century News
  2. Pingback: 7 Minute Body: Update Nov 09 ** Sales Skyrocketing! | Beat Breast Cancer

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