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Rick Rule: I Am A Terrified Observer

It would be more hopeful if people were talking about the debt ceiling, and the advisability of continuing to overspend.  I am not hearing anything in the mainstream media discussion about the real cause of the problem, which is simply that we are over-governed and we are spending too much.

It seems to me that nobody is speaking for the people, our children and grandchildren, who have to pay the debts.  What really bothers me about this, Eric, is that the whole discussion of both the alleged shutdown, the debate about this and the so-called debt ceiling doesn’t have anything to do with the problem, which is that we are spending substantially more money than we are generating.  This is the real cause of the problem, and the discussion is so disgustingly off base.”

I am a terrified observer as I watch the end game drawing to a close.  But I will tell you that I feel more comfortable and sleep better owning gold and silver, rather than having all of my savings in fiat currencies, which are the unsecured obligations of bankrupt, or soon to be bankrupt borrowers.”

Source King World News

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