Monty Pelerin – The Welfare State Has Run Out Of Other People’s Money

from FinancialSurvivalNet

As we all know, we’re in hock for $100 trillion. There’s no way to pay it off and way too many people are happy with the welfare state’s seemingly inexhaustible supply of goodies. The government’s promises exceed the country’s total wealth by a large margin. A family of 4 owes $1.5 million in debt, and that’s not even counting the state and local debt portion. Expanding the money supply has been the trusty tool of the leadership. But rising prices are inevitable, which is why gold and silver are the ultimate protection against this destructive course of action.

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