Asked myself - Why do I buy Silver?

We are not in serious trouble unti the national debt gets to 90% right now it is roughly 77% gdp

 

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http://online.wsj.com/articles/adam...rency-defaultin-iceland-and-beyond-1409095717

 

We spent a lot to win WW2, but then we had a period of prosperity that paid it all back. I don't see that happening again, so maybe we shouldn't be borrowing as much...

 

That's because when you borrow to consume (whether it's war consumption or credit cards for retards for the past 30 years) you spend the future in the present. Did the Keynesians forget to mention that part or are they too busy mocking savers who don't care to sacrifice themselves to Queen's Beehive?

When you borrow to finance wars your suppose make the loser pay, not the way around. We can't even get that right.

 

Ha! We Brits are still paying back debt from WW1 - the US insisted that we repay debt from WW2 that Roosevelt lent us to help restart the US economy first and that 'helped' us keep rationing decades later. Lucky we were on the same side.

 

Oh that; they were just mad because Bulldog insulted Nancy Astor:

"If you were my husband I'd put poison in your tea."--Astor

"If I were your husband, I'd drink it."
Churchill

 

Nice story - but I prefer the version that Roosevelt was a politician who saw an opportunity and had few enough morals to exploit it. I guess it comes down to perspective.

 

Breton Woods - that was what happened, the passing of the baton....

 

We went from an Anglo centric world to the American century. I hope we can make it to end of our century, but it isn't looking too good.

 

Agreed

 

The average lifespan of a reserve currency is about 94 years, so we are getting close now...

 

USD
"Gimme Spice"

He might float high for awhile too if BOJ antics drive traders into USD.