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Topic | Why buy physical Gold and Silver in America? |
tennisdude818 12/30/18 7:19:45 PM #46: | Darkman124 posted... tennisdude818 posted...I don't think people are conspiracy theorists for looking at nonstop deficits and massive unfunded liabilities across the West and saying "Gee that looks unsustainable, let me look at what has historically happened in cases like this. Oh s***." You can disagree with them if you think it's different this time, but there's no real conspiracy. It is a free loan because it's a wealth transfer via an inflation tax. But remember that I used a 50 year time frame. The bond bear market was 30 years long with periods of high inflation, the bull market has been 30 years long as well. Saying that the status quo will last for another 50 years airs on normalcy bias, and that's why nobody cares about the debt/GDP ratios of western nations. If inflation comes back in significant way, we will still be stuck with massive deficits that suddenly can't be funded via "free debt". Current deficits arent generated from a bunch of Keynesian short term infrastructure projects that will be politically easy to shut off when inflation picks up. --- "I have never understood why it is greed to want to keep the money you have earned but not greed to want to take somebody else's money." Thomas Sowell ... Copied to Clipboard! |
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