THE FUTURE OF GOVERNMENT OVERSPENDING AND MONEY-PRINTING - HYPERINFLATION, ECONOMIC RUIN, THE PATH TO DICTATORSHIP
This is no accident, it is deliberate and it is treason. This exact scenario has happened many times in many countries over the past hundred years or more.
History tells us that government overspending leads to hyperinflation and the devaluation of a currency until it becomes worthless, domestically and especially internationally. It happened in Germany in the 1930’s, and more recently in Zimbabwe and in Venezuela, countries that used to be wealthy but are now ruined economies.
I witnessed the same scenario in South America in the 1990’s, where governments caused such high inflation that a hotel room cost 300,000 pesos for a night, a sum that used to buy a mansion. The Argentinian peso was re-valued by one million percent, with the old 50,000 Peso note and the new 5 Austral note being of equal value - but the old 50,000 Peso note used the buy a house, while the new 5 Austal note now bought two coffees.
Just before my arrival in Argentina, the government confiscated all private bank accounts and gave the people long-term bonds that were soon made worthless by inflation. Note that the governments of Canada, the USA, Britain and others have passed legislation allowing them to confiscate private bank accounts.
Why would any government do this? First, it is no accident - it is deliberate. It is a path to dictatorship, wherein a few kings and princes live at the top supported by the army, and persecute the poor peasants below. That is the path that Justin Pedeau has chosen for Canada and Joe Biden has chosen for the USA.
Governments are buying gold and the price has reached new peaks. Some analysts say the governments’ plan is to trash the currency via hyperinflation, hugely raise the price of gold and thus bail themselves out of the debt crisis with their newly-valued gold.
One of the few things we can do to protect ourselves from this assault on our wealth is to buy previous metals. I recently purchased gold on behalf of family members in the form of shares of Franco Nevada Corporation – FNV and FNV.TO – a gold royalty company.
Everyone should do their own due diligence prior to investing.
Regards, Allan MacRae, Calgary
Generalist Journal is with Martha Ball.
Yesterday at 12:14 PM ·
We are thrilled to announce the biography of Dr. Tim Ball, 'Everything reminds me of Tim'. By Marty Ball.
“A single person alone cannot sum up a life. Thank you to all the people who, through their own memories and relationships with him, helped us tell the story of Tim”
Find it now at Barnes & Noble :
https://www.barnesandnoble.com/.../everythi.../1144993389...
Have you read / watched The Great Taking by David Rogers Webb?