Here are the highlights of the video:
- What is the result of not enough pristine collateral in the Repo Market?
- What was the point of lowering the debt to GDP?
- What are the Debt and Unfunded Liabilities of the Government?
Can Gold Hit $50,000 By 2022? (Expert Says YES!)
Can gold hit $50, 000 an ounce by 2022? Luke Grohmann says yes! George is going to explain in three simple fast steps: (1) The Government is Insolvent, (2) Revalue Gold, and (3) Unattended Consequences. Revaluing gold by fifty thousand dollars per ounce is a very simple, clever, and kind of wonky solution to lower the debt to GDP ratio and it might make a lot of you watching this video extremely rich. At the end of the day, it’s far from a panacea and we all have to remember that there is no free lunch. The only way that we can get rich is by increasing our productivity and creating more goods -and services. It’s never going to come through financial engineering. For more Content that will help you build wealth and thrive in a world of out-of-control banks and big governments check out the full video.
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 The Government is Insolvent, (2) Revalue Gold, and (3) Unattended Consequences.){kind=link}