this is why I calculate gold at 100k ounce - let's look at something else - total global debt and we'll include 300 trillion as a guess on the actual damage of derivatives when it's all spun out - nobody knows what that number will be, "exposure" is not the same as "losing bet". Global debt = 275T + 300T for derivatives = 575T - 75T global GDP = 500T total debt divided-by 7 billion population = $71,428 debt per person on earth divided by average global salary per person 17,760 = 4.02 lifetimes (working as a slave). The point is that this isn't sustainable, it doesn't matter what kind of half-crocked keynesian model that is applied. The real problem is the total corruption and graft at the top of the food chain - the very individuals who will be in charge of rebuilding the whole thing when it collapses. I do not see how they cannot include both gold and silver (at vastly different valuations) in the final SDR - silver and gold are still the only real physical representation of money in the world, of course there are multiple kinds of "currency" (the human body in prostitution, for ex) but dear few that can withstand the pressure of time and mismanagement. Don't forget also there are competing high criminals at the top, representing the west east etc. There are high criminals without ethics (like in the west) and presumably others with a modicum of ethics. This presents a big problem for the american people, who are unlikely to come through with their 1% status in-place. The structure is impossible to predict, but I'd rather be in rural america than in a big city. The people in rural america more closely adhere to the founding principles. They are 1k times more likely to be prepared for an economic emergency. And they are armed to the teeth. Foreign troops will have to be fought off - because they don't realize the level of resistance. They will finally give up, and a much different, much smaller "america" will emerge from the ashes of the U.S., Inc.
this is why I calculate gold at 100k ounce - let's look at something else - total global debt and we'll include 300 trillion as a guess on the actual damage of derivatives when it's all spun out - nobody knows what that number will be, "exposure" is not the same as "losing bet". Global debt = 275T + 300T for derivatives = 575T - 75T global GDP = 500T total debt divided-by 7 billion population = $71,428 debt per person on earth divided by average global salary per person 17,760 = 4.02 lifetimes (working as a slave). The point is that this isn't sustainable, it doesn't matter what kind of half-crocked keynesian model that is applied. The real problem is the total corruption and graft at the top of the food chain - the very individuals who will be in charge of rebuilding the whole thing when it collapses. I do not see how they cannot include both gold and silver (at vastly different valuations) in the final SDR - silver and gold are still the only real physical representation of money in the world, of course there are multiple kinds of "currency" (the human body in prostitution, for ex) but dear few that can withstand the pressure of time and mismanagement. Don't forget also there are competing high criminals at the top, representing the west east etc. There are high criminals without ethics (like in the west) and presumably others with a modicum of ethics. This presents a big problem for the american people, who are unlikely to come through with their 1% status in-place. The structure is impossible to predict, but I'd rather be in rural america than in a big city. The people in rural america more closely adhere to the founding principles. They are 1k times more likely to be prepared for an economic emergency. And they are armed to the teeth. Foreign troops will have to be fought off - because they don't realize the level of resistance. They will finally give up, and a much different, much smaller "america" will emerge from the ashes of the U.S., Inc.