Jim Willie: ''Gold: the Last Asset Standing, & Outline on Collapse End Game''''
Jim is back with a new article, as usual, a must read....................From Silver Doctors
DEBT CONTRADICTED AS WEALTH
The Western monetary system is built upon debt. That debt is crumbling, the process having begun with mortgage bonds, and extended to sovereign bonds. Recall the nitwit USFed Chairman Bernanke’s words in 2007, that the bond contagion was contained. It was not, and it spread to an absolute bond fiasco exactly as the Jackass forecasted. Debt is not wealth. The wealth of Western nations is evaporating. The illusion easily promotes a fantasy. Recall the 1980 decade where access to credit was perversely considered wealth. It ended in ruin and tears and bad health. The United States is on the verge of being plowed under, just like Greece, just like Spain. The dominos are lined up to fall, including Italy and England.
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