H/t reader Squodgy:
“Alasdair McCleod explains why. He, Lynette Zang & Bill Holter have consistently emphasised that rises in the market values of Gold & Silver are merely reflections of the declines in the value of the currencies being used to purchase everything.
This is clear in looking at the value of any item in terms of how much physical gold is needed to buy that item. It simply stays constant because the worth of the FIAT currency drops with inflation and the market price of G&S increase accordingly to reflect the incompetent creation of Government spending to fulfil election promises and war funding which is totally beyond the World’s capacity to pay off, and as economic activity deteriorates even the interest due on the debts becomes beyond the possibilities of repayment. Historically, paper currencies depreciate through engineered inflation at 2% per year, which computes to a 50 year lifespan, coincidentally the age of the petrodollar. The only way out of this is default, debt jubilee & write off, a debt forgiveness which the Banksters call aJubilee or Shemitah. Sadly they single these deals out between themselves and it is not for the plebs or their Governments, who are in fact the Banksters’ cash cows. Therefore for the likes of us the only way out is for our Governments to declare Bankruptcy, but that will be an admission of failure by the Governments to the voters (plebs) and obfuscated by the Banksters who obviously would lose their income, so they’ll then try to drag it out keeping the debt alive as long as possible as it is their main source of income until, as hyperinflation ensues, the repeat of the Weimar/Zimbabwe circus collapse ensues and the paper currency becomes a totally worthless relic. All eyes on how they try to wriggle round this mess so they camouflage the game they play at our expense, with some false flag event and War circus.”
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