A World That Operates by Financial Cheating And Unsound Money Is Doomed

The comments below are an edited and abridged synopsis of an article by Mike Shedlock

Shedlock presents a post by Hugo Salinas Price, ‘A World That Operates by Cheating Is Doomed,’ which discusses gold, silver and how they were used in the past. Shedlock goes on to say:

A World That Operates by Financial Cheating And Unsound Money Is Doomed | BullionBuzz | Nick's Top Six
Businessman giving money in the envelope to his partner in the dark – bribery and venality concept

“Except in isolated hyperinflation cases, governments have learned there are no consequences to the ruling class (at least yet) for unsound money.”

“Never-ending wars are one result. Look at Afghanistan. If people had to pay for wars with real money, their own, they would revolt.”

“On an ongoing basis, Democrats want unlimited social spending and Republicans want endless military spending. The compromise is both sides mostly get their way and the value of the dollar sinks.”

“It’s all phony money so there are few practical constraints.”

“Meanwhile, the rich get richer and the middle class shrinks but the reason isn’t obvious. The media blames Google, Microsoft, and Amazon instead of unsound money, the Fed, and Congress.”

“The dollar would collapse except for the simple fact the EU, Japan, and China are all doing similar things to varying degrees.”

“So we plod along, war after war, with some of them never ending as debt piles up so high that no one can even comprehend the numbers involved.”

“This will end in a currency crisis of some sort perhaps in conjunction with the shooting war Hugo envisions.”

“I am not suggesting the end is near. How long the shrinking middle class will put up with this is a mystery.”

“But when the currency crisis does arrive, expect this global cry: No one could possibly have seen it coming.”

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