nakedempire


The American Empire in a Changing World



Pages

Sunday, November 4, 2012

''A Silver Lining For When Currency Dies''

From Market Oracle

''History has shown that humans are no further down the evolutionary path in this regard. This paper currency system will eventually collapse since interest is attached to the medium of exchange. Basically, building a monetary system based on "interest" or debt will eventually fail, just like all previous debt based monetary systems have collapsed.

What will be left when the dust clears after this monetary collapse, will be the few hard assets that have not already been re-hypothecated by banks and brokers. Gold and silver happen to be the only hard currencies available to most investors, and silver even more so than gold.''

read more 

No comments:

Post a Comment