THE UNTHINKABLE SCENARIO – SPECULATION:
If the system can’t continue, and it must implode or hyper-inflate someday, then today seems like a good day to default.
a)Declare on a Friday afternoon that the US government will no longer pay interest on debt. Bonds and notes will not be redeemed. The reset will be disastrous for almost everyone. Expect blood in the streets and huge riots within days or weeks. Governments will implement martial Law. Stock and bond markets and Wall Street might take years or decades to recover.
b)The titanic pools of fake money – $trillions in debt and levitated stock values – will reset with much lower purchasing power.
c)The US economy runs on credit, and most credit will vanish. Cash machines, credit cards and EBT cards might cease working in hours or days. Expect supply disruptions, massive lay-offs, unpaid wages, bank failures, power outages, empty stores… and then it turns worse. People will be desperate and angry.
d)The Federal Reserve and politicians will blame anyone and everyone, except themselves, for the devastation, loss of life, imploded economy, market crashes, collapsed pension funds and coast-to-coast misery.
e)Digital dollars might purchase little or nothing. Paper dollars will buy a few goods, but food and gasoline might not be available.
f)The powers-that-be may declare war, lock-down the economy, expand their control over the media, establish martial law, issue a new paper currency and incarcerate those who resist. (What constitution?)
g)From the ashes of an economic disaster might come a new and better world, or another dark age.
h)Silver and gold will have tremendous value, but few individuals will physically own either.
The above in not an appealing scenario and it might be optimistic. The consequences of a hyper-inflation are similar, but take longer to mainfest. Almost everyone wants to avoid both hyper-inflation and default…
·The unthinkable scenario is this: Default now, default later or hyper-inflate later!
·The government and Federal Reserve policy of “extend and pretend” is attractive compared to the above “unthinkable” scenario which results from sudden federal debt default.
·The hyper-inflation scenario is equally destructive but extends over several years.
·The 99% want to believe such devastation can’t happen in the United States. That belief is politically correct, comforting, and potentially catastrophic.
·The “Four G’s” are important in either scenario: God, Gold, Guns and Grub. Add silver coins to the “Four G’s” and trust divine intervention.
·Nothing lasts forever, and that includes “reserve currency status,” the credibility of central banks, fiat currency purchasing power, corporate buybacks, unsustainable pension plans, ever-increasing debt and bull markets.
·Silver bullion and coins may not be available except at sky-high prices.
Silver coins are available at Miles Franklin
in exchange for fiat dollars. They will recycle Federal Reserve Notes (debts of the Federal Reserve) for silver coins and bars.
, hoping “extend and pretend” will survive a long time because few want to face the ugly reality of either hyper-inflation or federal debt defaults. For a discussion regarding precious metal email email@example.com