The US National Debt recently blew past the $22 Trillion mark, shocking and amazing...
Almost no one.
Although there remains a small minority of individuals who are concerned about the exploding debt level, they are a shrinking minority as more and more people are simply content to drift into blissful ignorance, ignoring the alarm bells going off all around us.
To many, especially the millennial and younger generations, the creation of money is just as mysterious as electricity or the internet, it simply is and it has always been.
Too few now remember when honest money reigned and governments were forced to be fiscally responsible due to the checks and balances that the gold standard placed on them.
Sadly, $22 Trillion is just the start, as the unfunded liabilities that the United States now owes stands at a truly ghastly number, $122 Trillion.
And they aren't alone. Countless "established" countries around the world find themselves deeply in debt, with no chance of ever "digging" themselves out.
For years I have pointed out these increasing debt levels, for years I and many others have been ignored, and sadly, I fear that we have now crossed the Rubicon and there is no going back.
What cannot be repaid, will not be repaid. Remember these words.
This is the reality that we now live in, a world where debt levels, at least in the short term simply do not matter, until they do.
We are in one massive shell game and those playing the game know that it is rigged, but have no choice but to continue with their participation.
To upset this never ending cycle of fiat money creation would mean to end our current fiscal way of life, sending the world spinning out of control and ultimately headed towards a massive financial disaster as the system attempts to right itself.
Make no doubt about it, this would led to war on a grand scale.
For those who worry about this scenario unfolding, you can rest easy, at least for the short term.
The financial elites simply have too much skin in the game and much to my surprise, they have been able to keep this proverbial coyote from looking down for much longer than I and many others could of ever guessed.
Although I believe that it is too late to correct the disastrous course we now find ourselves on, that does mean that you should simply sit on your hands, waiting for drop to occur.
Action is needed and it is needed now more than ever. You will only have yourself to blame if find yourself unprepared and caught off guard, the warning signs are all around us.
Fortunately, at least some are taking notice.
As predicted, silver, the money of the people, is on the move, once again playing catch up with the yellow metal.
In fact, the accumulate of silver has been so intense in the past few months, that the US Mint has had to temporary suspend the sale of Silver Eagles, due to fierce demand.
According to a recent statement by the US Mint, Silver Eagle sales were 2,057,500 oz's in the month of February versus the 942,500 oz's during the same month in 2018. A staggering 118% increase.
Are people finally waking up? Or are these moves being made by a few key players?
As I have written about in a recent article, moves behind the scenes are already being made by those pulling the strings behind the curtain, as Central Bankers and other government entities have begun to rapidly move into gold bullion, causing one the most dramatic periods of accumulate that we have seen in decades.
The countries partaking in this action know that precious metals and "big guns" are ultimately what is going to get them through the next financial crisis. A crisis that is not a "if", but a "when".
Hopefully, the latter will not be needed and the former will do the talking, restoring fiscal sanity in a world where fiat money has run a muck for far too long.
One can hope, but in the mean time, one can stack.
- As first seen on the Sprott Money Blog