Do you want to put this in a jar and bury it in your backyard? If someone broke into your home at least they couldn't take it. That may be a positive, but today fiat is made to disappear with a keystroke. If you doubt that easily happen, then just go to one of the thousands of MF Global customers and ask how their money and paper assets were taken. It wasn't hauled out in the back of dump trucks. BILLIONS were erased from their lives with a keystroke and nary a whimper in the media. Thousands of people robbed in broad daylight and not even a couple of sacks to carry off the loot was needed. Just a keystroke by some lackey in a JPM back room. CONfidence and trust......the foundations of any fiat system based upon a promise.....a promise your paper money and paper assets are backed by the rule of law. NOT ANYMORE. That has all changed Cyprus was the clarion call for many more sheeple that believed a system based upon law would be there for them if they just trusted their government. Well you can see how that turned out for them. We talk about it but for tens of thousands of Cypriots their lack of understanding of what kind of collapse the World is in allowed them to be deluded into leaving their fiat in a system that never had their interests protected.
Now we have entered into an even more fascinating and dangerous phase of this collapse. The digital monetization of debt. This year we will roughly monetize about 1 Trillion in government debt in the U.S. alone. We are actually running a higher yearly debt than 1 Trillion when all of our unfunded liabilities are factored in.....much higher. Back in 1980 when Volker took on inflation we had about 1 Trillion in TOTAL debt. That's right... we are running more debt yearly now than the total national debt was when Volker stepped in to raise interest rates. Can you imagine what would happen if interest rates are raised on a total debt today that may be as high as 100 Trillion if you count the unfunded mandates?
What choice do they have now? Debasement of the currency with unending money printing or raising interest rates and creating instant depression. Until the costs of essentials begins to get out of control and shortages become unmanageable then they will print. Oh...they will jawbone they are going to have an exit strategy and that digital printing can be controlled but mathematics dictate otherwise. NO STOPPING. Look what's happening around us. I've never seen anything like this in my study of history except perhaps before WW2.....this is worse.......gl pollyannas