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<p>[QUOTE=&quot;goldmark, post: 1527602, member: 38168&quot;]Now you got me started.</p><p><br /></p><p>Hyperinflation is indeed only one risk and I do not necessarily speculate with such an occurrence, instead of this I&#039;m more worried about the &quot;good ideas&quot; our politicians can come up with. Let&#039;s be real politicians have acted foolish in the past and continue to act as such today and will so in the future and it doesn&#039;t matter if it&#039;s on national or supranational level happening. The current modus operandi of &quot;rescuing&quot; the Euro is by providing guaranties for bad debt to cover up losses of basically insolvent countries, the guaranties themselves are in return also debt by still solvent countries, and to guarantee the guaranties ever growing guaranties are needed, thus also the solvent countries are endangered of going down the same path.</p><p><br /></p><p>&nbsp;Debt is the problem and the way to solve it is to generate even more debt -you know what, this is total insane nonsense but this is what has been done so far. Now with Super Mario out in the open, the way for direct monetization is indeed the clear path, and it should be obvious to all, that it will be either solved in this way paraphrased as financial repression (low interest coupled with increased inflation) or the entire EMU (European Monetary Union) will blow up creating a terrible scenario of historic proportions. The bill will be presented one day, with the scenario of financial repression we may not see it immediately, but what is the situation in 10-15 years to come, how will it effect the price structure of real goods how much exactly will it cost? No honest answers, no mention of the dangers and no way to manage it.</p><p><br /></p><p>Also to add another perspective, did you know that certain political elements (of mainstream parties like the SPD, Grüne) are debating about the potential further financial needs of the state to be covered by a sacrifice of the saving population in the form of another Lastenausgleich* or by emission of forced loans to the government. It&#039;s laughable nothing is destroyed all the infrastructure is still standing and the people are doing fine, yet they feel the need to discuss the matter to invoke such last ditch measures, for what exactly???? Our politicians don&#039;t even have the guts to outright tell how bad the situation really is. There is no way they can be trusted.</p><p><i><br /></i></p><p><i>*(Lastenausgleich -german word, combination of burden and compensation/equalization [of debt], a former government scheme after WWII in order to transfer the burden from the poor to the rich)</i></p><p><br /></p><p>This situation has strong resemblance what happened in your country, the USA, in the 70s to the 80s. The economists/crooks and politicians of this world tell the story of the ohh so flexible fiat monetary system and how great it is. It is not great at all, the only &quot;flexibility&quot; it provides is the the creation of credit, credit and even more credit aka &quot;print, print, print......&quot; and more debt. A strict limitation and abolishment of fractional reserve banking are a hindrance to all politicians, who only know to promise without a single clue on how to finance it and balance the countries books. On a side note, the hyperinflation of the 30s was caused by shoving away good money with bad money, excessive credit was the problem even back then. The problems the Bernanke(s) of this world have to attend to are the problems they themselves have helped to create.</p><p><br /></p><p>Back to the US: The American Dollar and its standing in the world is your heritage, the thing you will hopefully be able to pass on to your children, it&#039;s part of America in every respect and a founding stone of wealth -yet it is threatened. What was the purchasing power of the dollar in 1913 again and what will it be in 2013??? -my bet probably somewhat of one hundredth of its former value. Why is it impossible to have silver circulating coins today anymore, why is the oil price constantly rising, why is gold going up like crazy, why is everything becoming more expensive and the people become more impoverished from year to year, because you and by extension many other people on this planet (exported inflation) are on average purchasing power poorer today than they had been in the past.</p><p><br /></p><p>...</p><p>I could go on and on, I will make a break here.</p><p><br /></p><p>Gold, Silver, Platinum and Palladium is transferable mobile and distinctively identifiable by every person on this planet in every single country, it has no counter party risk and is the oldest most accepted standard in all of history to store wealth, it&#039;s in every respect the definition of money. The day gold flows once again through the financial arteries and veins shall be praised by me. Other countries are reacting including Russia, Saudi Arabia and China, they have huge Forex reserves and have begun to convert it into gold among other things. China is also buying mines, concessions, land and companies.</p><p><br /></p><p>take a look at this: <a href="http://www.boerse.de/langfristchart/Gold/XC0009655157" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.boerse.de/langfristchart/Gold/XC0009655157" rel="nofollow">http://www.boerse.de/langfristchart/Gold/XC0009655157</a> (long time chart of gold)</p><p>Gold became eventually a bubble in 1980 and broke down again, boom and bust, eventually it will be the same this time. For now boom![/QUOTE]</p><p><br /></p>

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