Wrong...simple question, what currency is backed by gold?
Actually US is printing less than many other countries around the globe.
Russia, China, Brazil, India, USA, England, Europe.....and on and on and on the list goes. THEY are all printing massive amounts of FIAT paper!
The fact remains, the world has learned printing money is a simple remedy to solving any and all problems within the nation. It is not JUST THE US, but the ENTIRE GLOBE!
The greater question remains, does the whole world become another Zimbawae?
Or do countries that appear resource rich have a greater ability to print and absorb downward shocks? US is still resource rich, coal, oil sands, timber etc.
We are seeing a global explosion in money printing, and that money is going into Soveriegn Wealth Funds which will be washing around the globe buying up key assets and resources......
The answer I search for, that holds all the keys to survival, I do not know it - how does this insanity end......and what will be the driver to end it! Do we end up with a global 'hyperinflation' or a 'John Law' implossion in credit and fiat. Do we have, whomever stops printing first is the one to lose, or does that party end up holding all the cards.....
-this current inflation is not even close to hyper as of yet.
Or does a nation or several announce they are backing their currency in GOLD - and ends up owning it all in the end.
Trees cannot grow to the sky, at some point it all peaks, breaks and deflates! (rinse and wash)
Reading too much focus on just US, this mother is global and bigger than we can imagine.
Charts say much, Brazil, Russia on fire, US doa, China hurting, for now commodities rule, for now! All that fiat paper chasing the hot trend, safety - one big electronic trade.
Need to think forward, 5 years, not just next month!
You tell me, what is it going to be!.......
West |
