GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Tuesday, February 18, 2014

Global Debt Bomb | McAlvany Commentary

Global Debt Bomb: From TNT now to Nuclear | McAlvany Commentary
This week:
-Gold up 9%, Silver up 12%, Gold Stock up 23% YTD
-U.S. destabilizing along with the rest of the world
-Trophy Headquarters portend a top in tech
Credit is credit, debt is debt, and slavery is slavery. One does not equate to the other. A debt is meaningless if it's not enforced. If I owe you X, I can simply not pay you. So long as you don't have the power to force me to pay or enter into serfdom, tough luck. If we all happily accept a system where debt leads to serfdom, then we deserve what we get. Regardless of your semantic preferences, the origin of money is a redeemable coupon for services yet to be rendered. This is called 'credit'.

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