Bankrupt Governments Likely To Confiscate Wealth And Independence
Gold Silver Worlds -
The first Liberty Forum will take place between December 4th and 8th. The conference has a focus on asset protection, wealth preservation and the preservation of liberty. Some off-the-chart successful investors, metals and resource experts, offshore service providers, and international legal and accounting professionals will be on hand to help with personal preservation strategies.
Keynote speakers are Peter Schiff, Doug Casey and Mark Skousen. One of the many lectures will be held by Claudio Grass, a passionate advocate of free-market thinking and libertarian philosophy. Mr. Grass is convinced that sound money, i.e. gold and silver, and human freedom are inextricably linked to each other. In his function as Managing Director at Global Gold in Switzerland he offers investors a safe, convenient and competitive Swiss solution for buying, selling, storing and delivering a variety of physically allocated bullion coins and bars, completely outside of the banking system and protected under Swiss law.
Claudio Grass has written several white papers, research notes and articles. In them, he has clearly explained that the most likely outcome of the current global debt situation is that governments will try to inflate their debts away. That is what has always happened throughout history. The current evolution of events has not changed his view. The latest actions by Bernanke, in particular his decision not to stop QE, underlines the validity of Claudio Grass’ view. “Taking Yellen’s history into account, I am certain she will follow in the footsteps of her predecessor. Therefore, nothing has changed from my point of view.”
The Liberty Forum conference brings up some fundamental statistics about the debt situation
- The U.S. currently owes 885% of its GDP, more than any other industrialized country.
- America hasn’t passed a budget since April of 2009.
- As a country, the U.S. has had a budget deficit in 42 out of the last 47 years.
- U.S. expenses are 56% higher than its revenues.
- America expects to double its debt within the next 10 years (the interest on that debt alone will equal $1 trillion a year).
- Its annual income is $2 trillion, while its total debt obligations are $121 trillion (that’s a debt ratio of 60/1 – typically anything over 1/1 is a HUGE red flag to any investor, indicating that a country is not likely to be able to pay its debts in 12 months’ time).
The true US financial situation remains remarkably underexposed as the mainstream media is mainly concentrating on Europe and increasingly the emerging markets. We asked Claudio Grass about his opinion on that.
German economist Wilhelm Röpke once said: “The theories men construct, and the words in which they are framed, often influence their mind more strongly than the facts presented by reality”.
This sentence nicely describes today’s mindset amongst most people in the western word. It is no wonder because we were raised in a government controlled education system, in which we are indoctrinated from childhood that the path of success is based on memorizing and repeating! We are not taught to question [authority], the reason for this is that it is much harder to manipulate logical or independent thinkers.
This is why I am such a fan of history; our world is the result of thoughts and actions from the past. You see the cause and effect? The problem is that the actual system we live in focuses only on the effects but never discloses the underlying causes, let alone trying to connect the dots. This research needs to be done by the individual. However, research requires a healthy portion of curiosity and bravery as well as independence and self-confidence to stand up for one’s own opinion, which will be in contrast to the story we are told by governments and the mainstream media. The emperor has no clothes; however, it always takes time until the child that reveals it will be heard.
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