When the US defaults on its debt payment in the next couple of years there will be a huge economic fallout.

These gold-bug news letters, now web sites, have been around for as long as I can remember. These clowns have also been predicting financial Armageddon for as long as I can remember.

These gold-bug news letters, now web sites, have been around for as long as I can remember. These clowns have also been predicting financial Armageddon for as long as I can remember.

Steven Saville is neither a gold bug nor a clown. (I may be a gold bug, however -- when gold is in an up trend. But not a clown. You?)

These gold-bug news letters, now web sites, have been around for as long as I can remember. These clowns have also been predicting financial Armageddon for as long as I can remember.

Armageddon predictions.

Yes, you're right there, in general. Saville is not one of those, however. So you're wrong about him. Saville is for real. He's a trained economist -- from Harvard, I believe. Saville is not a gold bug because he only recommends whatever he thinks is a good investment in his newsletter, be it gold or the stock market or whatever. Gold happens to be, he believes, right now a good investment -- that's why he's recommending it. Saville's prediction is based on firm economic reasoning -- unlike the predictions of the gold bugs.

He is basing his prediction on a trap that the Fed has put itself in. The Fed was created to perpetuate inflation -- permanently. Since the Fed is a jew creation by and for jews' benefit, how do they benefit? Jews know how to suck the money out of a society via inflation. They've used their inflation to vamp America and Europe. They also use inflation to enslave the goyim -- through ever deepening debt, since money can buy less and less and people's income stays the same, people are forced into debt to buy the things they are talked into wanting.

The downside for the jews this time is that they can't do what is necessary to stop the inflation -- which would be to decrease the amount of money in circulation -- i.e., deflation. If they deflated our economy -- now that everyone is head over heels in debt -- the result would be mass foreclosures and bankruptcy and starvation. So they HAVE TO KEEP INFLATION GOING. That's Saville's point.

Anyway, if inflation keeps going -- as it must -- it can only end in all currencies of the world being worth NOTHING. In other words, it can only end in utter destruction of the world's monetary system. That means that any money you have or earn will buy you nothing. You better have another form of money -- other than their paper money. That other form is gold -- and land and a house and food and guns. Real things. Gold because it's always equalled real money. Land and a house and food because they have intrinsic value. Guns to defend your gold and land and house and food.

And if inflation must continue, gold will continue to go up -- as long as the inflation is expressed in commodities increasing in value vis a vis the paper currencies -- which is the current expression of inflation. (There are other expressions of inflation -- like the stock market and bonds going up in value, rather than commodities.)

Armageddon predictions.

Yes, you're right there, in general. Saville is not one of those, however. So you're wrong about him. Saville is for real. He's a trained economist -- from Harvard, I believe. Saville is not a gold bug because he only recommends whatever he thinks is a good investment in his newsletter, be it gold or the stock market or whatever. Gold happens to be, he believes, right now a good investment -- that's why he's recommending it. Saville's prediction is based on firm economic reasoning -- unlike the predictions of the gold bugs.

He is basing his prediction on a trap that the Fed has put itself in. The Fed was created to perpetuate inflation -- permanently. Since the Fed is a jew creation by and for jews' benefit, how do they benefit? Jews know how to suck the money out of a society via inflation. They've used their inflation to vamp America and Europe. They also use inflation to enslave the goyim -- through ever deepening debt, since money can buy less and less and people's income stays the same, people are forced into debt to buy the things they are talked into wanting.

The downside for the jews this time is that they can't do what is necessary to stop the inflation -- which would be to decrease the amount of money in circulation -- i.e., deflation. If they deflated our economy -- now that everyone is head over heels in debt -- the result would be mass foreclosures and bankruptcy and starvation. So they HAVE TO KEEP INFLATION GOING. That's Saville's point.

Anyway, if inflation keeps going -- as it must -- it can only end in all currencies of the world being worth NOTHING. In other words, it can only end in utter destruction of the world's monetary system. That means that any money you have or earn will buy you nothing. You better have another form of money -- other than their paper money. That other form is gold -- and land and a house and food and guns. Real things. Gold because it's always equalled real money. Land and a house and food because they have intrinsic value. Guns to defend your gold and land and house and food.

Another note on how do jews benefit from inflation. If inflation continues, there can be no deflation. If the economy keeps going reasonable well, people will be relatively economically content, and they will not revolt against the jew rulers and the jews. So -- until the jews are ready to move to China or whereever -- they will try to keep the American economy going. Inflation is their current tool of choice to accomplish that. Problem is -- inflation is getting out of control and will have to fail at some point. Then what?

The housing inflation is the biggest problem.

Houses that sold for the high $100,000 in the late 90's are now selling for the low $500,000

The housing inflation is the biggest problem.

Houses that sold for the high $100,000 in the late 90's are now selling for the low $500,000

Yes. Tangible commodities, including real estate, are going up. Income remains the same. Therefore debt goes up. The jew-bankers create money by giving loans for THINGS people can no longer afford to save up for and buy themselves. When the bank gives you a loan for a $500,000 house you can't really afford and could never save up to buy in a lifetime, the bank creates by its hocus pokus $500,000 which is then injected into the economy, increasing the supply of dollars in circulation. When the supply of a commodity increases, its value drops. When the supply of dollars increases, the dollar's value drops. Gold, a measure of actual value (of houses, cars, and visits to the dentist), seems to increase in value (in terms of dollars). Actually, gold is just keeping its value, remaining the same -- in terms of what it can actually buy. The dollar (the way we measure gold's current value) is decreasing in value with each major bank loan to individuals or corporations. On a global scale, loans to foreign nations by the World Bank has the same devaluing impact on all global currencies, including the temporarily current principal world currency, the dollar.