Silver Shortages Are Here and Gold Scarcity Is Coming
The comments below are an edited and abridged synopsis of an article by Egon von Greyerz
Modern Monetary Theory (MMT) is a socialist’s dream, but a more appropriate name would be More Money Theory, because MMT is just a fancy moniker to justify more money printing, more deficits and more debts. Socialists love MMT because for a sovereign nation, it justifies constantly living above your means.
![Silver Shortages Are Here and Gold Scarcity Is Coming | BullionBuzz](https://i0.wp.com/bmg-group.com/wp-content/uploads/2019/04/silver-shortages-are-here-gold-scarcity-is-coming.jpg?resize=300%2C225&ssl=1)
This is of course nothing new for the US, which has practiced MMT for almost 70 years. Not since the early 1960s has the US had a real budget surplus. Europe has had socialist governments for decades, but for the US it is a relatively new phenomenon. Alexandria Ocasio-Cortez has now picked up the baton from Krugman, arguing that socialism and deficit spending are the solutions to not only America’s problems, but the world’s.
Up for discussion: US uber-spending; false money leads to false values; real GDP growth has been negative since 2000; fraud of the highest degree; gold in US dollars will soon break the Maginot Line; gold is eternal money; the EU is desperate; a final hurrah and a global crisis.