The Coming Pandemic of Debt Based Paper Money

May 22, 2009 by · 1 Comment
Filed under: Opinion 

Editor’s Note: This was emailed to me from a very good commercial mortgage lender friend of mine.   I am not sure of who the original author is, so if you do know, please email me so I can give him credit and a link.  This article is spot on and now we are seeing gold react during the traditional slow season when you see gold prices drop, they are instead approaching the $1,000.00/oz. USD mark.

It is short-sighted to think we can bailout all these bad actors, run trillion dollar deficits and think that it will not have serious issues coming down the road in the form of price inflation and possibly a collapse of the U.S. dollar.  One thing I do think we will see is the end of debt-based fiat currencies issued by private central banks, it really makes no sense to borrow from yourself at interest just to issue your currency.  Is the Greenback going to make a comeback?

Article (Author Unknown):

Read more