SUMMARY:

Commodity prices, house prices, and wages rise as bankers devalue the dollar. However, in terms of the purchasing power of silver, they have been flat for many decades, unlike debt and paper assets.

WHAT ABOUT DEBT AND PAPER ASSETS?

U.S. National debt approaches $21 trillion. Unfunded liabilities are five to ten times higher. The debt bomb will explode but it is difficult to find anyone in government that cares. For perspective:

National debt in 1913: $2.9 billion

National debt in 1971: $398 billion

National debt in 2018: $20.9 trillion

The compounded increase since both 1913 and 1971 has been 8.8% per year – every year. The time to double is less than nine years.

Assume the impossible and pretend official national debt will increase at 8.8 % per year going forward. Due to tax cuts, military spending, baby-boomer retirements, Medicare expenses, and more it will probably accelerate. Regardless:

In 2024 the national debt is targeting $34 trillion

In 2030 the national debt is targeting $57 trillion

In 2050 the national debt is targeting $310 trillion.

Exponential increases in debt, population, commodity production, pollution, and economic craziness cannot persist in a finite world. There will be a reset. The damage will be considerable unless we prepare with gold and silver assets.