I've been following this thread with interest (pardon the...). One of the glaring conclusions is that gold (and a gun) is the go. Could you gold pundits comment, then, on this article:
What is wrong with gold?
Gold can't be copied, gold is
real, paper money if fiat. Paper is printed off a machine. The more they print means the higher inflation rises and the more you pay for electricity/gas/bread/everything. It is cyclic and tweaked/controlled by a countries economosits. Problem is when debt exceeds income, hence the USA dilemma, tonnes of money is going out of one hand and little is coming in through the other hand.
Both the USA and Europe are finished, simple as that. Neither can pay off their debts.
People keep asking 'why are the politicians sitting on this and doing nothing' ? Ha! What can they do? The game is up thats why they can't fix it, it is unfixable and the point of no return has been exceeded.
If you want to really know where it will all end, research German economy 1920-1923 and you will see the answer, propserity one day and hyperinflation and bankrupt the next. The same fate awaits the USD and probably the Euro. The Germans are the only ones with money and even that is not enough to dig their neighbors out of this hole.
The USD currency will be scrapped and a new one introduced, with the Germans that still didn't resolve all their issues, but what they did mirrors what the USA will have to do. China already know it, they know that America's merely printing off more money is feeding the inevitable default, in fact last week the Chinese actually came out and said it, that 'America was going to default by stealth'. Printing more money is a desperate measure and only putting off the inevitable conclusion, they will default and when they do it will be a global pandemic, plus the Chinese won't be too happy about losing the $2.3 trillion the Yanks owe them..Do your research friends.