by Gary Christenson
Our financial systems create exponential increases in:
- Prices for stocks
- Prices for commodities
- Currency in circulation
- Prices for gold and silver
Why? Fractional reserve banking, central banks creating more currency, and politicians who spend governments deeper into debt each year… but this article isn’t about why.
Student loan debt in the U.S. is about $1.4 trillion, auto debt is about $1 trillion, official national debt is nearly $20 trillion, corporate debt is huge and the list goes on. Much of it will never be paid in current dollars. Default will occur via repudiation or hyperinflation. Look at the official national debt below: