Gold Investments In Our Upcoming Socialist Scenario

Australian gold nugget

You shouldn’t mistake paper money for “money.” We have had a massive loss of “money” with this financial crisis, and it’s ongoing.

Buildings worth $50 million are now worth $30 million. Stocks worth $10 million are now worth $8 million, etc.

By printing money, the Fed is using its money to replace the lost “money.” It’s not all going back in the same places, of course. Much of it is going into commodity and overseas speculation.

The devious thing for US taxpayers is that much of the private debt that is no good because of the loss of “money” has been shifted to the US Treasury. The US will, accordingly, have less to spend (in the long term) for taxpayer entitlements, because it will eventually lose its unlimited fiat powers. It will then confiscate private wealth while claiming to remain non-socialist. Read more