Gold and silver is money - Silver Eagle sales are Suspended - Default Soon?
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Uploader Comments (davincij15)
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Everything you said there is true except the outcome.
Why?
Google
Deflation: Making Sure "It" Doesn't Happen Here
It's how helicopter Ben got his name. If they forced to they will mail everyone a check.
Also note that 60% of the money supply exist outside of the USA. So deflation will make foreign dollar holders very happy and collapse wealth Americans unless they use the printing press.
Honestly go broke or legally use a printer, what option would you use?
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Anyway Davinci thanks for the debate.
You are a worthy opponent.
Peace.
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As you well know the entire debt issued fiat currency system is a ponzi as it requires exponential growth in debt.
That is why interest rates slowly decrease to zero over time as the debt becomes more and more difficult to service. and more difficult to entice new punters.
Once saturation point is reached ie 2007 the whole process slams exponentially into reverse. It is unstoppable, the Fed are powerless, the debt is too big.
There will only be one outcome. Deletion.
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OK You are correct in our assessment. (that's a first) So lets say I told you that Madoff was a ponzi 10 years ago. You say BS and you make money for the next 10 years.
Was I wrong? NO.
He was running a ponzi 10 years ago and he was running one when he got caught.
Thus they are manipulating gold and silver today and tomorrow when they get caught.
The only thing a day trader wants to know is when will it end? Answer: I don't know.
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That is your flaw. If it was in gold then the owners of gold would take it and the debtors would need to pay up and can't then bankrupt the banks that loaned the gold.
However with Fiat the bankers do not need to go bankrupt the government and the Federal Reserve just prints more gold Er um fiat that people think is gold.
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davincij15,
Can you please tell me the difference between the bullion, proof, and uncirculated silver eagle? I want to start buying silver eagles but I am not clear on the difference. Great vids, THANKS!
jvvald 2 years ago
Proofs are collector items stamped many times for a shiny look. uncirculated is everyday stuff people buy.
davincij15 2 years ago
Thw seventh amendment, ratified 15Dec1791, refers to twenty dollars as the base point for settling civil actions in dispute. So - what was a "dollar" in 1791?
The most commonly accepted coin at that time was a Spanish silver dollar containing 423.9 grains of silver(Troy).
If you want to own some real money according to the Constitution, buy silver.
RoySC1 2 years ago
People don't understand it's not an investment it's money and when you don't trust your bank or your investments in a company... you sell into money, gold and silver.
davincij15 2 years ago