Authored by Ron Paul via The Ron Paul Institute for Peace & Prosperity,

Nouriel Roubini, a former advisor to the International Monetary Fund and member of President Clinton’s Council of Economic Advisors, was one of the few “mainstream” economists to predict the collapse of the housing bubble. Now Roubini is warning that the staggering amounts of debt held by individuals, businesses, and the government will soon lead to the “mother of all economic crises.”

Roubini properly blames the creation of a debt-based economy on the near-or-at-zero interest rate and quantitative easing policies pursued by the Federal Reserve and other central banks. The inevitable result of the zero-interest and quantitative easing policies is price inflation wreaking havoc on the American people.

The Fed has been trying to eliminate price inflation with a series of interest rate increases. So far, these rate increases have not significantly reduced price inflation. This is because rates remain at historic lows. Yet the rate increases have had negative economic effects, including a decline in the demand for new homes. Increasing interest rates make it impossible for many middle- and working-class Americans to afford a monthly mortgage payment for even a relatively inexpensive home.

The main reason the Fed cannot raise rates to anywhere near what they would be in a free market is the effect it would have on the federal government’s ability to manage its debt. According to the Congressional Budget Office (CBO), interest on the national debt is already on track to consume 40 percent of the federal budget by 2052 and will surpass defense spending by 2029! A small interest rate increase can raise yearly federal debt interest rate payments by many billions of dollars, increasing the amount of the federal budget devoted solely to servicing the debt.

The federal government’s fiscal picture is made worse by the fact that the Social Security “Trust Fund” will begin to run deficits by 2035 while the Medicare Trust Fund will run deficits by 2028. The looming bankruptcy of the two major entitlement programs, combined with the unwillingness of most in Congress to reduce either welfare or warfare spending, puts the Fed in a bind. If it raises rates to the levels needed to really combat price inflation, the increase in interest payments will impose hardships on individuals and businesses, as well as raise federal interest payments to unsustainable levels. This will cause a major economic crisis including a government default on its debt causing a rejection of the dollar’s world reserve currency status. Also, if the Fed continues to facilitate federal deficits by monetizing the debt, the result will be an economic crisis caused by a collapse in the dollar’s value and rejection of the dollar’s world reserve status.

The crisis will lead to social unrest and violence, as well as increased popularity of authoritarian movements on both the left and the right. This will lead to government crackdowns on civil liberties and increased government control of our economy. The only bright spot is this crisis will also fuel interest in the ideas of liberty and could even help bring about a return to limited, constitutional government, free markets, individual liberty, and a foreign policy of peaceful trade with all. Those of us who know the truth have two responsibilities. The first is to make the necessary plans to ensure our families can survive the forthcoming turmoil. The second is to do all we can to introduce as many people as possible to the ideas of liberty.

What do you need to protect yourself from this coming turmoil? The best things you can have at your disposal when this happens is Food, Security (guns ammo), Shelter, Energy (propane gasoline generator), Medical, Fire Safety, Communication (ham radio), Gold and Silver.

The ones who prospered when Hyperinflation in the Weimar Republic, Zimbabwe or Argentina, were the ones that had Silver and Gold. Right now today 1 oz of Silver will buy a family of four 2 weeks worth of food in Argentina. There is a reason why Central Banks and Governments store these monetary metals in their vaults, and that is because when the SHTF and it takes a wheel barrow of cash to buy a loaf of bread, something has to become a unit of account and act as a medium of exchange and for the last 5000 years of recorded human history that medium of exchange has been Gold and Silver. The United States literally overthrew Gaddafi because he wanted to trade his oil for Gold and NOT the US Dollar. The US dollar is coming to an end with 31 Trillion Dollars in debt and a Debt to GDP ratio of 120%, this cannot continue and something has to break. Having Gold and Silver along with stored food, energy, and security will ensure that you come out ahead when the greatest bubble of all bubbles pops.

The State of the Financial System as we know it is at a critical tipping point. Central Banks are currently buying the debt markets to keep interest rates at ease, and are coordinating with each other for a complete blow up so that a new system can be enacted without any pushback from the people. Food shortages, supply chain bottlenecks and rapidly increasing interest rate are creating the perfect storm or as the World Economic Forum would call it, The Great Rest. Truly there has never been a greater time in human history to stock up on Commodities.

 

The slower you are to act in Becoming Your Own Central Bank, the more control the system has over your Life, Liberty and Family. When this bubble of all bubbles pops (and it is coming soon) your pensions, 401K's, stock market portfolio's, Roth IRA's and the like will not save you, TANGIBLE ASSETS will. 

Silver is a precious metal that has been prized by humans for thousands of years. From the ancient civilization of Greece and Rome to the modern-day markets, silver has been a valuable commodity and is still a popular choice for jewelry, coins, and other decorative items. In this blog, we will explore the history, properties, and uses of silver, and why it remains one of the most sought-after metals in the world.

The History of Silver

Silver has been used by humans for over 4000 years, and evidence of silver mining dates back to the ancient civilization of the Greeks and Romans. These civilizations prized silver for its beauty and versatility, using it to create coins, jewelry, and other decorative items. The use of silver spread throughout Europe and Asia, and by the 16th century, it was being mined in the Americas as well.

Properties of Silver

Silver is a chemical element with the symbol Ag and atomic number 47. It is a soft, white metal that is highly conductive and reflective. Its high conductivity makes it ideal for use in electrical applications, and its reflective properties make it popular for use in mirrors and other optical devices. Silver is also very durable, making it an ideal choice for jewelry and other decorative items.

Uses of Silver

Silver has many uses in modern society, and is used in a wide range of industries and applications. One of the most common uses of silver is in electrical applications, where its high conductivity makes it ideal for use in electrical switches, circuit breakers, and other components. Silver is also used in the production of coins, bullion, and other forms of currency.

In addition to its practical applications, silver is also used in jewelry and other decorative items. From silver necklaces and bracelets to silver tableware and home decor, silver is a popular choice for those looking to add a touch of elegance to their lives.

Why Silver is Popular

Silver is a popular choice for many reasons, and its popularity has only increased in recent years. One of the main reasons for its popularity is its versatility and practicality. Silver is a highly conductive metal that is ideal for use in electrical applications, and its durability makes it a popular choice for jewelry and other decorative items.

Another reason for its popularity is its beauty. Silver is a soft, white metal that is highly reflective, and its natural beauty has been prized by humans for thousands of years. Whether used in jewelry or in decorative items, silver adds a touch of elegance and sophistication to any setting.

Conclusion

Silver is a precious metal that has been prized by humans for thousands of years, and its popularity has only increased in recent years. From its high conductivity and durability to its beauty and versatility, silver is a metal that never goes out of style. Whether you're looking for a practical electrical component or a beautiful piece of jewelry, silver is the perfect choice.

In today's uncertain economic landscape, it's more important than ever for investors to consider diversifying their portfolios. One asset that is often overlooked but has the potential to offer significant returns is physical silver. In this blog, we will discuss why investors need to have physical silver in their portfolios.

1. Hedge against Inflation: One of the biggest advantages of physical silver is its ability to hedge against inflation. As the supply of money increases, the value of paper currency decreases. Silver, on the other hand, has been used as a store of value for thousands of years and has held its value against inflation over time.

2. Limited Supply: The supply of silver is limited, and with increasing demand from industries such as electronics and solar power, it is becoming increasingly scarce. This scarcity, combined with strong demand, has the potential to drive up the price of silver over time.

3. Tangible Asset: Physical silver is a tangible asset that can be held in your hand. Unlike stocks or bonds, which are intangible, you have the peace of mind of knowing that you actually own the silver and have control over it.

4. Diversification: Diversifying your portfolio is crucial for mitigating risk and maximizing returns. By including physical silver in your portfolio, you can reduce the overall risk of your investments and potentially benefit from its unique characteristics.

5. Easy to Buy and Sell: Physical silver is easy to buy and sell, making it an accessible investment option for people of all levels of wealth. Additionally, there is no need to pay any management fees or wait for the market to open to sell your physical silver, as you would with other investments.

In conclusion, physical silver offers a multitude of benefits to investors looking to diversify their portfolios. From its ability to hedge against inflation, to its tangible nature and ease of buying and selling, there are many reasons why investors need to have physical silver in their portfolios. Before investing, it is important to do your research, consult with a financial advisor, and consider your personal investment goals and risk tolerance.

Silver is a precious metal that has been used for thousands of years for everything from currency and jewelry to medical and industrial applications. Today, silver continues to be a popular investment option for those looking to diversify their portfolio.

One of the main reasons that silver is so popular is its affordability. Compared to gold, which can be quite expensive, silver is relatively inexpensive, making it accessible to a wide range of investors. Additionally, silver is a very versatile metal with a wide range of uses in industry, technology, medicine, and more.

Another advantage of silver is that it is a physical asset, which means that it can be stored and held in your own possession. This can be beneficial for those who are worried about the stability of the financial markets or who want to have control over their own investments.

However, it's important to note that the price of silver is subject to fluctuations and can be affected by various factors such as supply and demand, economic conditions, and geopolitical events. This means that investing in silver can be risky, and it's important to do your own research and consult with a financial advisor before making any investment decisions.

Despite these risks, many investors are still drawn to silver as a way to protect their wealth and hedge against inflation. With its affordability, versatility and history, silver continues to be a valuable and sought-after investment option.

Silver has long been a sought-after commodity, with uses spanning from jewelry to electronic devices, and medicine to solar panels. In recent years, demand for silver has risen significantly, driven by a variety of factors.

One of the main drivers of increased silver demand is the growing popularity of solar energy. Silver is a key component in the production of solar panels, as it is used to create the electrical connections between cells. As the world shifts towards renewable energy sources, the demand for silver in the solar industry is expected to continue to grow.

Industrial uses of silver also continue to drive demand. Silver has antimicrobial properties, making it a popular choice for use in medical equipment and supplies, including bandages and wound dressings. Additionally, silver is used in a variety of electronic devices, such as smartphones and TVs, as well as in the production of batteries and other high-tech components.

Investment demand is also a significant driver of silver demand. Silver is considered a precious metal, like gold, and is often used as a store of value and a hedge against inflation. Additionally, silver is often used as a diversifier in investment portfolios, providing a hedge against market volatility.

Finally, silver is also used in jewelry, coins, and other decorative items, providing an additional source of demand.

Overall, demand for silver is driven by a variety of factors, including its use in solar energy, industrial applications, and investment. With the world population continues to grow and technology continues to evolve, the demand for silver is expected to remain strong for years to come.

The silver market has seen a surge in demand in recent days, driven by a combination of factors such as increased industrial demand, a weaker US dollar, and ongoing geopolitical uncertainty. One of the main drivers of the recent rally in silver prices has been increased demand from industrial users. Silver is a key component in many technology products, including smartphones and solar panels, and as global economic activity continues to rebound from the pandemic, demand for these products is also on the rise. Another factor supporting silver prices is a weaker US dollar. Silver, like other commodities, is priced in US dollars, so a weaker dollar makes it less expensive for holders of other currencies to purchase. This can lead to increased demand for silver, as well as other commodities, from foreign buyers. Finally, ongoing geopolitical uncertainty, including tensions between the US and China, has also contributed to the recent rally in silver prices. In times of uncertainty, investors often flock to safe-haven assets such as gold and silver, which can act as a hedge against market volatility and economic downturns. Overall, the silver market has seen strong demand in recent days, driven by a combination of factors such as increased industrial demand, a weaker US dollar, and ongoing geopolitical uncertainty. While prices may fluctuate in the short-term, the long-term outlook for silver remains positive.

By Gregory Mannarino

 

Consumer debt, household debt, and personal debt are skyrocketing. The average person here in the US and around the world is dangerously overleveraged, and yet, they continue to borrow even more. Credit card debt is exploding as people are struggling just to make ends meet with no end in sight. Loan defaults across the board are picking up, and according to TransUnion, loan defaults will continue to accelerate. Today 63% of US households are currently living paycheck to paycheck with ZERO savings and yet, they continue to borrow even more.

Banks are in trouble? No, YOU are!

NO DEPOSITS, NO LOANS, AND NO DEALS. Bank liquidity is literally drying up as the savings rate is now in the negative. New viable loans, that is loans which will be paid back, are few and far between as former members of the middle class are defaulting on their debt at an accelerated pace. Meanwhile, the rich and well off are now using cash to purchase big ticket items like real estate and automobiles as interest rates rise. The current environment for the banks is not good, and that should scare you. Why? Because these institutions will not be allowed to fail, and bail-ins/bailouts will again at some point in the future become a reality.

Inflation Continues to Rise.

Despite the current actions of the Federal Reserve, Swiss National Bank, European Central Bank, and the Bank of England, all of which just raised rates fifty basis points, inflation continues to rise. Therefore, the currencies which they lend to the world (the bills in your pockets/bank accounts are not yours. They are owned by the issuing central bank, and owed back to the issuing central bank, plus interest which they create out of thin air), continues to lose more of its purchasing power.

Ever Expanding Money Supply.

The fact is this: without the continual expansion of the global money supply the entire financial system would lock up. Every central bank issued note, in whatever form it exists, represents a unit of debt which must be paid back to the issuing central bank plus interest created from nothing. The overall effect of an expanding money supply is inflation meanwhile, central banks via the mainstream propaganda ministries, continue to sell the lie that by raising rates at some time in the future inflation will drop.

The Silence is Deafening.

If any central bank actually wanted to stop/control inflation, all it would have to do is contract the money supply by requiring financial institutions to increase their capital reserves. To date, not a single mainstream financial channel has uttered a word on this, nor a single politician, nor a central banker- and you won’t hear anything EVER on contracting the money supply. Why? The goal of every central bank is to continue to inflate. A central banks ability to issue debt IS THEIR SINGLE SOURCE OF POWER! Which also means its their Achilles Heel.

Bring Down the Central Banks.

You want to end central banking? Its easy. Prevent them from issuing ONE SINGLE DOLLAR of more debt. The nanosecond a central bank is stopped from issuing more debt, as the currency itself is debt, the entire central banking system ends, and we win.