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<p>[QUOTE="InfleXion, post: 1356425, member: 29012"]Debt was growing exponentially in the 70's though, as one example, and it still is today. At the time that debt seemed large, but today it seems like nothing. If debt doesn't continue to grow exponentially then the monetary system will cease to function. Without money printing to buy treasury debt, which is in and of itself debt based money, then the US will default. The situation then is the same as it was now. We're just a lot further along the path. If and when the debt reaches $100 quadrillion we will look at $15 trillion like peanuts, and an ounce of gold will still buy a nice suit <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /> At some point, which is anybody's guess, the amount of debt will no longer be sustainable. I am of the thinking this can go on indefinitely as long as the USD is the world reserve currency, but China, Russia, Iran, Nigeria, and Zimbabwe are already working around that as we speak. It's not about scare tactics. It's about warning people so they don't get robbed blind by inflation. I don't want my neighbors coming to me for help. I want them to be able to take care of themselves.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1356425, member: 29012"]Debt was growing exponentially in the 70's though, as one example, and it still is today. At the time that debt seemed large, but today it seems like nothing. If debt doesn't continue to grow exponentially then the monetary system will cease to function. Without money printing to buy treasury debt, which is in and of itself debt based money, then the US will default. The situation then is the same as it was now. We're just a lot further along the path. If and when the debt reaches $100 quadrillion we will look at $15 trillion like peanuts, and an ounce of gold will still buy a nice suit ;) At some point, which is anybody's guess, the amount of debt will no longer be sustainable. I am of the thinking this can go on indefinitely as long as the USD is the world reserve currency, but China, Russia, Iran, Nigeria, and Zimbabwe are already working around that as we speak. It's not about scare tactics. It's about warning people so they don't get robbed blind by inflation. I don't want my neighbors coming to me for help. I want them to be able to take care of themselves.[/QUOTE]
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