Saturday, January 26, 2013

American Debt - Inflate It Or Die

Either America Inflates Or Dies
Has anyone ever wondered how come the United States keeps such a firm hold on its gold bullion? Why is it that America keeps its citizens in the dark regarding the benefits of accumulating gold and silver? Yet the US government is in the business of minting and distributing silver and gold coins. Did you know China publically educates its populace as to the long-term benefits of owning these precious metals?

After France wanted all of its debts redeemed in gold, President Nixon was forced to close the gold window to the world back in 1971. Effectively stopping any further gold redemptions on American debt from abroad and ending the Bretton Woods Agreement. Currently America holds about 8,133 tons of gold bullion. That is around 2.4 times more gold…


 

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