You Should Still Be Planning For National #Bankruptcy. You Should Still Be Planning For National Bankruptcy. By: Clint Siegner, Money Metals News Service The federal government just racked up its largest ever quarterly deficit at $488 billion, and nobody is talking about it.
Of course they aren’t. The federal government has been running deficits nearly every quarter for the past fifty years and there have been plenty of new records in the past decade. Federal deficits are boring. Especially when compared to the drama being played out between Trump and his deep state adversaries in the intelligence services and the Department of Justice. Deficits may be boring, but they are perpetual, and there is still only one way for this to end. Maybe President Donald Trump would prefer balanced budgets and vast reductions in the bureaucracy. That august body is full of Democrats who disagree outright with shrinking government and establishment Republicans who are eager to avoid making hard choices. One could make a good argument for either based on the president’s rhetoric. Truth is, it hardly matters. Gold/Silver vs. #Bitcoin Comparisons: A No-Brainer… or Brainless? Gold/Silver vs. Bitcoin Comparisons: A No-Brainer... or Brainless? - The Daily Coin. Gold/Silver vs.
Bitcoin Comparisons: A No-Brainer… or Brainless? By David Smith – Money Metals For most of the year, as Bitcoin soared, crashed, and soared again, cryptocurrency vs. physical gold-silver talking heads engaged each other in heated rhetoric about which of these venues is here to stay. Some of the biggest names in finance, government, and the newsletter analyst space have made comments that – to be charitable – appear less-than-fully informed. Comments like “Even though bitcoin could rise to $100,000, it’s still going to zero!” 2017 percent price change comparisons: Relating this year’s gold and silver’s price range to that of bitcoin misses an important point. Please note: Bitcoin has no tangible, physical form. Trash-talking gold and silver as “antiquated”: Bitcoin is now considered legal tender in Japan, but at this time, its primary function is for use in the purchase and sale of the 900+ “alt coins” currently available.
Sharing is caring! New Signs #Gold and #Silver Are Returning as Monetary Assets. New Signs Gold and Silver Are Returning as Monetary Assets. Commodities / Gold and Silver 2014Dec 04, 2014 - 04:22 PM GMT By: Submissions Stefan Gleason writes: Much to the chagrin of the financial elite, gold and silver are reentering the American consciousness and starting to shake the wing nutty image of their recent past.
But it’s taken a global financial crisis to get the public’s attention – one that could wipe out our nation at almost any moment. The U.S. government’s role in the economy is on a seemingly interminable upward trajectory. The government’s official debt balance that just crossed the $18 trillion mark (with additional unfunded liabilities estimated at more than $100 trillion). Even as private sector jobs disappear and workforce participation rates languish near generational lows, the corporate sector is seemingly thriving. All these dangerous excesses and distortions are made possible by our free-wheeling fiat monetary system. The Coinage Act of 1792 authorized the minting of the nation’s money.