Time to Buy Silver
By: PJ Mellon
“Individuals can live beyond their means by borrowing, but only for a limited period of time. Why then should we think that collectively, as a nation, we are not bound by that same limitation?”
— Ronald Reagan
In 2005, U.S. debt was $5.6 trillion.
In 2010, our debt reached $13.5 trillion.
Today it’s up to $17,281,930,267,537.37.
In just over one year, we’ve added another trillion dollars to our debt.
To get a better grasp of how much a trillion dollars really is, I invite you to consider the following, courtesy of Michael Snyder at The Economic Collapse blog:
- If you were alive when Jesus Christ was born, and you spent one million dollars every single day since that point… you still would not have spent one trillion dollars by now.
- If right this moment, you went out and started spending one dollar every single second, it would take you more than 31,000 years to spend one trillion dollars.
And yet the United States, an averaged-sized country, owes 17 times that amount.
In playing the role of the “world’s bank” for the past few decades, whimsically printing mounds of money that other people still accept, we’ve avoided catastrophic market punishment.
Yes, the Fed and their loyal QE-machine have allowed us to live well beyond our means.
In summation, silver investments are a must to preserve your wealth during the coming inflationary cycle. A dramatic decline of the dollar is unfolding before our very eyes, its imminent collapse just a hasty Fed policy away. You will have to diversify your portfolio accordingly if you don’t want to lose everything.