10.2 Trillion in Global Borrowing Projected for 2011 = Gold, Silver Will Continue to Soar in 2011

Copyright 11/16/2010 By CK Hunter

I am continually surprised by how little most Americans [including those with money] actually know about inflation, what it is, what it means, and how it devalues a currency over time. I shouldn’t be, though, many Americans have now taken to the horrendous habit of actually buying their groceries with credit cards, something just too insane to even imagine. Does it not occur to these folks that they will be paying anywhere from 10.6 to 18% or higher on something that will be consumed in a week, yet they will continue to pay interest on the purchase possibly for years to come, via monthly minimum credit card payments. It’s a world going mad in so many ways.

Just about the only thing right now during the window of the next 2 or 3 years, until they make it illegal to hold silver or gold [it’s coming] is buying and holding gold and silver in bullion form as a way to protect the value of what dollars one has. Not to belabor the point, here’s the gloomy news of just exactly how our dollar will continue to be debased on into 2011 and 2012:

10.2 Trillion in Global Borrowing Needed to Avoid Top Nations Sliding into Bankruptcy

Related Articles

Dan Dorfman: Gold Ready For a Breather? (huffingtonpost.com) “Why Some Think a Gold Standard Wouldn’t Work” and related posts (marketoracle.co.uk) PRECIOUS-Gold loses 1 pct as euro hits 6-wk low vs dollar (reuters.com) Junk Silver Coins Gaining Recognition Among Americans Who Invest in Gold (prweb.com) CME raises gold, other metals trading requirements (marketwatch.com) News Blackout of Skyrocketing Gold & Silver Prices Proves Mass Media Censorship (alligatorfarm.wordpress.com) Asset Bubbles, Inflation, Economic Misery (lewrockwell.com) Silver Stock Report: “The scope of fraud in the silver market alone is staggering”… (projectworldawareness.com) Gold Rises to Record; Silver Closes at Highest Since 1980 (businessweek.com) Consumers Borrow More for New Cars, Student Loans (dailyfinance.com) Death of the Dollar (economicnoise.com) Rampant Inflation In 2011? The Monetary Base Is Exploding, Commodity Prices Are Skyrocketing And The Fed Wants To Print Lots More Money (businessinsider.com) Economic Scene: The Enduring Myth of Gold’s Record High (nytimes.com) The Fed Trashes the Dollar (amconmag.com) Investors Buy Gold Coins to Protect Themselves Against Coming Dollar Devaluation Crash (prweb.com) If Gold Were Money Again (dailyreckoning.com) Why the Fed’s ‘Trickle-Down Economics’ Is Failing (dailyfinance.com) “Fed QE2 $600 Billion of Money Printing Over the Next Eight Months” and related posts (marketoracle.co.uk) “Fed Gets Defensive Over QE2” and related posts (agonist.org)

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