US national debt in 1913 was $3 billion, today it is over $19,000 billion. There is no plan to reduce or eliminate debt …
Money supply has grown similarly. Debt has grown far more rapidly than the economy which must support the debt. Not viable in the long run….
The debt will never be paid in today’s dollars, and debt cannot increase forever. Hence default – pick your poison!
Outright default or default via inflation. Both will be painful.
The economy is stagnant after about eight years of near zero interest rates … and more of the same will help?
Who in their right mind, outside the Hotel Marriner Eccles, believes that any economy can solve an excess debt problem with more debt? The “powers-that-be” don’t want the excess debt problem solved – THEY WANT MORE DEBT.

Because … “We are all prisoners of our own devices.”

From Michael E. Lewitt:

“The Fed is a complex institution that works in mysterious ways, but if Americans and their representatives don’t come to better understand that it is destroying their money and the economy, the consequences are going to be catastrophic.”

“Unfortunately, investors are not frightened but instead greet these low interest rates as an invitation to commit hari-kari with their money. The sooner they figure out what The Committee to Destroy the World [Federal Reserve] is doing – trying to solve a debt crisis by creating trillion of dollars of more debt – the better off they will be.”

Like the Hotel California, the debt based currency system lives on, and we can never leave it. (without a traumatic reset)

Dishonest money – which can be created by politicians and bankers and is profitable for the financial elite – may look like heaven but it is HELL for all but the political and financial elite. They don’t want the scam to end and so, “We are all prisoners of our own devices.”

The econometric models that supposedly guide the Fed are reminiscent of that line: “Relax, said the chairman. We are programmed to receive. You can check out any time you like but you can never leave.”

“We are all prisoners of our own devices.” In the financial world, where actions eventually have consequences, debt is growing explosively, and our currencies are … shall we say … basically a fraud, issued by insolvent central banks and insolvent governments. There will be a reckoning. The reckoning will be less traumatic if we are prepared with:

Gold and silver safely stored in a vault, instead of failing currencies.
An understanding of the consequences of decades of bad monetary and fiscal policies.
Hard assets instead of promises.
Knowledge instead of sound-bites.

“We are all prisoners of our own devices.”

Gary Christenson

GE Christenson aka Deviant Investor If you would like to be updated on new blog posts, please subscribe to my RSS Feed or e-mail. My books on Amazon

© 2016 Copyright Deviant Investor - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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