Is the Party of the Fed Getting Everybody Drunk on Cheap Money Over?
Real Money Profits A lot of people seem to think that if the Fed had just started fighting inflation a little earlier, we wouldn’t have
The global economy thrives on debt and credit. Most people don’t realize that the U.S. dollar bills they have in their wallet are actually a debt of the Federal Reserve.
On the other hand, gold bullion and coins are NOT debt and have no counter-party risk, in contrast to debt based assets like the U.S. dollar bill.
In a hopefully unlikely collapse scenario, should you own gold and silver with no counter-party risk, or debt based paper that might be worth much less in purchasing power, or could become utterly worthless?
Given the debt policies of the western financial world, owning gold and silver makes far more sense!
Image and article via deviantinvestor.com
Share the Wealth!
Real Money Profits A lot of people seem to think that if the Fed had just started fighting inflation a little earlier, we wouldn’t have
If you’ve been considering taking out a personal loan, here are a few tips you can use…
As Peter Schiff explains in this short clip from the Virtual Money Show, there are really only three ways the government can pay its bills.
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