singular_me
26th May 2016, 09:14 AM
I can see this, my budget for food is now about $150-200/week for 2 people. Time to work on farms again, what I usually do from june thru octobre
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The Global Monetary System Has Devalued 47% Over The Last 10 Years
25 May 2016 GMT
We have argued the inevitability of Fed-administered hyperinflation, prompted by a global slowdown and its negative impact on the ability to service and repay systemic debt. One of the most politically expedient avenues policy makers could take would be to inflate the debt away in real terms through coordinated currency devaluations against gold, the only monetize-able asset on most central bank balance sheets. To do so they would create new base money with which to purchase gold at pre-arranged fixed exchange prices, which would raise the general price levels in their currencies and across the world to levels that diminish the relative burden of debt repayment (while not sacrificing debt covenants).
The odds of this occurring seem to have risen, judging by the gold prices. Table 1 looks at gold performance over one, five and ten years in terms of the fifteen currencies representing the fifteen largest economies (about 77% of global GDP). The bold figures at the bottom show gold’s performance weighted for GDP.’
http://www.zerohedge.com/news/2016-05-24/global-monetary-system-has-devalued-47-over-last-10-years
Big Bank Customers Destroyed in Next Economic Meltdown
https://www.youtube.com/watch?v=7-Me2f5Eh4w
----------------
The Global Monetary System Has Devalued 47% Over The Last 10 Years
25 May 2016 GMT
We have argued the inevitability of Fed-administered hyperinflation, prompted by a global slowdown and its negative impact on the ability to service and repay systemic debt. One of the most politically expedient avenues policy makers could take would be to inflate the debt away in real terms through coordinated currency devaluations against gold, the only monetize-able asset on most central bank balance sheets. To do so they would create new base money with which to purchase gold at pre-arranged fixed exchange prices, which would raise the general price levels in their currencies and across the world to levels that diminish the relative burden of debt repayment (while not sacrificing debt covenants).
The odds of this occurring seem to have risen, judging by the gold prices. Table 1 looks at gold performance over one, five and ten years in terms of the fifteen currencies representing the fifteen largest economies (about 77% of global GDP). The bold figures at the bottom show gold’s performance weighted for GDP.’
http://www.zerohedge.com/news/2016-05-24/global-monetary-system-has-devalued-47-over-last-10-years
Big Bank Customers Destroyed in Next Economic Meltdown
https://www.youtube.com/watch?v=7-Me2f5Eh4w