HenryMakow.com – Dec 20, 2024
With the prospect of yet another government shutdown our thoughts turn to the US debt and gold.
Owning gold today is like yelling fire in a crowded theatre and hoping people will rush to the right exit. In a crisis or crash, they are just as likely to dump gold and embrace a “safe haven” the “worthless” USD. Or Bitcoin.”
Is owning gold any better than owning Bitcoin?
Obviously not. Bitcoin is at $96K Gold at $2650?
With debt exploding and World War Three on simmer, what will it take to move gold?
Updated from Aug 30,2020
by Henry Makow Ph.D – (henrymakow.com)
Click to enlarge
In 2000, U.S. debt was $6 trillion — a 30% debt to GDP ratio. It was $14 trillion in 2010 and $23 trillion in 2019, increasing $1 trillion a year while the U.S. economy was booming. Or maybe this is why the economy was booming. The U.S. was charging $1 trillion a year, year after year, on its national credit card to buy things and to engineer this growth.
As of Wednesday, the US national debt was $36.2 trillion.
“Money” is a medium of exchange that the central bankers create as a debt to themselves. It is a mental concept, a notion of value expressed in terms of some coupon (i.e. currency.) It has no inherent value. Its value is based on its acceptance for goods or services and is linked to the “credit” of the issuing nation. Your “money” is just digits on a ledger kept by the central bankers, the same people who encourage sodomy.
The criminal cabal in charge has been producing this “money” and stuffing its pockets and those of its friends. Is there any limit to the amount they will produce? If the “debt” doubled to $70 trillion, would it make any difference?
“Debt” is simply the money supply. It will never be repaid and shouldn’t be. Interest rates are near zero so there’s no limit to the amount they can create.
GOLD
Children’s charity rejects Christmas donation from Archbishop of Canterbury
Story by Telegraph reporters •
The Children’s Society charity will not accept a Christmas donation from the outgoing Archbishop of Canterbury.
” those who hide up sexual perversion are themselves sex perverts ”
The Most Rev Justin Welby and his wife Caroline said this week that they had chosen to donate to the charity, which they noted “works with children affected by criminal and sexual exploitation, abuse” and other issues On Friday, Mark Russell, the chief executive of the charity, said: “After careful consideration, we have respectfully decided not to accept the donation offered by the outgoing Archbishop of Canterbury.
“The Children’s Society is deeply committed to supporting the survivors of abuse, our teams support victims of child homosexual abuse, and this means that accepting this donation would not be consistent with the principles and values that underpin our work.
one of the reasons the USA wanted to take out 7 middle east countries was to rob their gold reserves, each one was to pay for invading the next
destroying the country and robbing it to pay for the next country
the USA is hesitating on allowing israel to attack jordan and egypt
as they are next after iran
He admits that it does not matter about the debt: banks only lend if they think they’ll get the money back with interest. The honest White countries are the rich ones
Eliminate the Jews & the ‘debt’ disappears.
there will be only one scenarios of two in
future : Rothschild mafia owns the whole
world or the globalist jew mafia will be killed
TOTALY with families !
Financial analyst Sean Foo is reporting Trump has issued the EU an ultimatum: Buy more of our oil and LNG or face trade tariffs.
“Buy our stuff or else” is a gangster’s protection racket. I wonder if the EU’s unelected unaccountable leaders dare tell Don Trumpeoni to “Take a hike, a-hole”? They soon issued threats to President Putin and still do, and not only did he not do or say anything to them, he actually sold them affordable energy which enabled them to prosper. To stand up for European interests would be to admit they were wrong and as we know politicians are never wrong. So they will buy more “to build up our strategic reserves” and just blame Putin also for this position they now find themselves forced into.
https://www.youtube.com/watch?v=FxcRizDsdZI
the jews funded both oliver cromwell and the kings forces in the english civil war
the jews funded both sides in the american civil war
The jews also funded Napoleons forces even tho he wanted rid of rothschid
they also funded Wellington
They initially funded Adolf Hitler until he put the rothschids in prison
the UK was also jew funded in w w 2
Rothschild is funded kier starmer and his extremism
Yes there is a limit to debt, when interest rates explode making debt odious, and currently interest on the debt is over a trillion a year, eventually it will get so big the creditors will demand austerity, and the Fed will be forced to buy it up as the buyer of last resort.
Interest rates are mainly psychological, interest on T-Bills was 18% back in 1980 when the national debt was below a trillion. Recently T-Bills were paying 0% when national debt was 30 trillion. Makes no sense. I think interest rates are on their way up again, and will make new highs, This will cause a huge financing crisis for the spend thrifts.
Trump and Elon want to take the cocaine away from the deficit party – this could cause an economic depression – but someone has to do it, stop this insane spending. It won’t be pretty, already D.C. is in an uproar over cutting the waste and the wars. Trump will probably have bullets sprayed at him – Jews at the CIA and Jews in Jewkraine and JewIsrael want more, not less.
In the near future I guarantee you people will look back at this era and wonder how we could be so reckless with war and spending. Amerika is heading toward impoverishment as BRICS rises, soon many more nations will join leaving ZOG in the past. That is why ZOG is foaming at the mouth for WW3 with Russia, the leader of BRICS.
The ZOG dollar monopoly is just about over.
Here is the real chart that matters, how interest rates bottomed out and now are going back up again in cyclical fashion, to new highs:
click on “max” for time span – be sure to note the bottom in rates in 2020
https://fred.stlouisfed.org/series/DGS30
This is my infamous “megaphone” treasury chart I posted in 2017
https://i.imgur.com/A4fpTTc.jpeg
Crowley aka Nico is absolutely correct in his comment above.
I have been saying for years that there is a simple solution to “national debt” and that is to give the “banks” the option to go f*ck themselves or die in regard to the phantom “debt”.
The whole mess started with a massive fraud and blackmail anyway when the international Jew money-changer cartel wormed their way in, like the parasites they have always been, to blackmail criminally corrupt and morally bankrupt politicians into illegally giving those demonic scum the keys to the treasure and the power to create “money” and control credit. All entirely contrary to the law of the land, so, thus, entirely illegal…which is a reason the Jews then bought the jewdiciary with their ill-gotten fake money.
So, the solution is actually quite simple, tell the kikes there is no debt, that they can f*ck off and eat shit or die. And then brutally execute a bunch of them for good measure. Then when they try to crash the markets, slaughter more of them.
basically people are coming to realize that nico x is right; you’re starting to notice more & more people adopting his view of the world in their posts on here and other sites, of course most of them don’t publicly acknowledge this
‘The Yid, the Yid, we have to get rid of the Yid.’
Old BUF chant members would shout marching down city streets
fat fred
so how’s that jewish christianity working out for you?
umbra makes some good points