Home / Articles & Videos / Desperate Countries To Accelerate Private Wealth Destruction

Desperate Countries To Accelerate Private Wealth Destruction

 
Greyerz: “Eric, gold is down and investors are nervous.  We have to ask ourselves, have any of the fundamentals changed?  The answer is no, they haven’t.  Government deficits are still increasing at an alarming rate, and world debt is at $220 trillion.  In fact, world debt has tripled in the last 10 years.

The US is the biggest debtor and the debt is still increasing by $4 billion each day, or $1.5 trillion each year.  Since Bernanke has become Chairman of the Fed, the federal debt has gone up by a staggering $10 trillion.  That’s $10 trillion in just 7 years.

From 1980 to 2006, when Bernanke became Chairman of the Fed, the US debt went from $1 trillion to $7 trillion.  But think about the fact that he has overseen the debt increase of $10 trillion in just 7 years…

Read the complete article at King World News here.

# Here you can see WHY it’s crucial to own physical gold & silver now, and HOW you can buy [and sell] it.

See also:

Please Note: This article is to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.

Translate »