(H/T Gold Silver Worlds)
A Yahoo headline: Pentagon Readying For Long War in Iraq, Syria. More war means more debt and higher inflation. Increasing national debt is as certain as death and taxes. Increasing consumer prices follow.
Then the “something for nothing” crowd adds to the trauma.
- More programs are funded by government – Medicare, disability, military contractors, “war on poverty,” banker bail-outs, “food stamps,” and many more.
- Central banks “print” currency (something for nothing) and pretend that new dollars, euros, yen, and pounds are valuable. The result is more currency in circulation, higher prices, and more economic distortions.
- “It’s all good” propaganda from governments and banks disorients the populace. Theantidote is truth. (Thanks to James Quinn at www.theburningplatform.com)
Governments respond to problems with more spending (stimulus), central banks support the bond and stock markets (QE), and we pretend debt and deficit spending can increase forever (delusional). The U.S. official national debt is nearly $18,000,000,000,000.
Occasionally a 1987 or 2000 stock market crash occurs, a 9-11 event changes the world as we know it, a housing bubble deflates, and major wars are created.
What could dramatically change our world – again – like 9-11 did?