As the history of the 1929 Great Depression repeats itself and the resultant predictable yet foolish scramble by Central Bankers around the world to print money into oblivion in their erroneous belief that it will avert the eventual monetary collapse, we must prepare ourselves for the eventuality. Because of the unpredictability of human nature, that eventuality is impossible to forecast, hence we must be prepared way before the the proverbial "#@*&" hit the fan.
We are already witnessing history in the making, one that our current generation has not experienced, the collapse of western nations, one after another, under the weight of their own debt as a result of their consumption binge over the last twenty years, starting with the collapse of Iceland which then spread to Greece and Ireland, and now Portugal which should then be followed closely by Italy, Spain, Britain and then eventually the United States of America.
We must be proactive in out preparation for the eventuality. When countries are not able to pay off their debt they always resort to printing money out of thin air hence debasing their currency. This is not a new phenomena as the great Roman Empire did it just before it collapse. The endgame is always the same, monetary collapse and hyperinflation.
Fortunately, for those with great foresight, there are many ways to protect our wealth from the collapsing paper money. One of the easiest ways is to convert their paper currency into real assets such as gold and silver. Gold and silver is the asset class that has been tested throughout human history.
For a general guideline as to the "Timing" of the various dynamically interconnecting unfolding events, the visual diagrammatic presentation below by Gordon T Long is a good one.
We are already witnessing history in the making, one that our current generation has not experienced, the collapse of western nations, one after another, under the weight of their own debt as a result of their consumption binge over the last twenty years, starting with the collapse of Iceland which then spread to Greece and Ireland, and now Portugal which should then be followed closely by Italy, Spain, Britain and then eventually the United States of America.
We must be proactive in out preparation for the eventuality. When countries are not able to pay off their debt they always resort to printing money out of thin air hence debasing their currency. This is not a new phenomena as the great Roman Empire did it just before it collapse. The endgame is always the same, monetary collapse and hyperinflation.
Fortunately, for those with great foresight, there are many ways to protect our wealth from the collapsing paper money. One of the easiest ways is to convert their paper currency into real assets such as gold and silver. Gold and silver is the asset class that has been tested throughout human history.
For a general guideline as to the "Timing" of the various dynamically interconnecting unfolding events, the visual diagrammatic presentation below by Gordon T Long is a good one.
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