This page has been archived and commenting is disabled.
The Central Banks Are Terrified of One Thing: BONDS
If you are an investor, your big concern should not be about what to stocks… but what happens when the bond bubble goes bust.
All of the biggest problems in the financial world revolve around the bond markets today:
1) Greece’s sovereign debt crisis: Germany is terrified of what a Greek default would do to the EU banks.
2) The Bank of Japan is purchasing ALL new debt issuance in Japan.
3) The Fed is terrified of higher interest rates because ever 1% change means over $100 billion more in interest payments on the US debt.
For 30+ years, sovereign nations have been papering over the decline in living standards by issuing debt. In its simplest rendering, sovereign nations spent more than they could collect in taxes, so they issued debt (borrowed money) to fund their various welfare schemes.
This was usually sold as a “temporary” issue. But as politicians have shown us time and again, overspending is never a temporary issue. Today, a whopping 47% of American households receive some kind of Government benefit. This is not temporary… this is endemic.
All of this is spending is being financed by borrowed money… hence, the bond bubble, the biggest bubble in financial history: an incredible $100 trillion monster that is now growing by trillions of dollars every few months.
We do not write that point for effect. Look at the vertical ramp in US debt. Over the last five years.

Indeed, the US issued a total of $1 trillion in new debt over an 8 week period in late 2014 alone.
The reasons it did this? Because it doesn’t have the money to pay off the debt that is coming due from the past… so it simply issues NEW debt to raise the money to pay back the OLD debt.
Sounds a lot like a Ponzi scheme… but the US is not alone in this regard. Globally, the sovereign debt bubble is over $100 trillion in size. Just about every major nation on the planet is sporting a Debt to GDP ratio of 100%+ and that is just including “on the balance sheet” debts… not unfunded liabilities like Medicare or Social Security.
This is why the Fed and every other Central Bank on earth is terrified of interest rates rising; because anything even resembling the normalization of interest rates would mean entire countries going bust.
Remember when interest rates move, they tend to move quickly. Consider Italy. It was considered one of the pillars of the EU since it adopted the Euro in 1999. Because of this, the markets were happy to allow Italy to borrow at stable rates with the yield on the ten year Italy government bond well below 5% for most of the last decade.
Then, in the span of a few weeks, everything came unhinged and the yields on Italy government bonds spiked, rising over 7%: the dreaded level at which a country is considered to be insolvent and set for default. It was only through extraordinary lending mechanisms from the European Central bank (the LTRO 1 and LTRO 2 programs to the tune of hundreds of billions of Euros… for an economy that is €2 trillion in size) that Italy was saved from potential systemic collapse.
Again, Italy went from being a former pillar of Europe to insolvent in a matter of weeks… all because interest rates spiked a mere 2% higher than usual.
Italy is not alone here. Western nations in general are in a similar state. This is why QE has been such a popular monetary tool for the Central Banks (since 2008 they’ve spent $11 trillion buying assets, usually sovereign bonds). QE was never meant to create jobs or generate economic growth… it was a desperate ploy by Central Banks to put a floor under the bond market so rates wouldn’t rise. As Dylan Grice from Societe General notes when you include unfunded liabolities, this problem is endemic throughout the Western world and has been for years.

It’s also why Central Banks have kept interest rates at zero or even negative: again, they cannot afford to have rates rise. In the US, every 1% increase in interest rates means between $150-$175 billion more in interest payments on our debt per year.
Forget stocks, forget your concerns about this or that valuation metric, the REAL issue is what happens when the Bond Bubble pops. When that happens it won’t be individual banks going bust, it will be ENTIRE NATIONS.
If you’ve yet to take action to prepare for the second round of the financial crisis, we offer a FREE investment report Financial Crisis "Round Two" Survival Guide that outlines easy, simple to follow strategies you can use to not only protect your portfolio from a market downturn, but actually produce profits.
You can pick up a FREE copy at:
http://www.phoenixcapitalmarketing.com/roundtwo.html
Best Regards
Phoenix Capital Research
- advertisements -


There is a tax method of solving this.. tax bond transfers..thus every time a bond is sold to someone elsethere will be a little haircut.. then it will come to the poiont that only the original bond holder will be entitled to the tax break that the government bonds have ridden on, but then that will be after the 'death' of the bond market, in it resurgance.
+100 now that's where we are precisely.
That's what all the spying on us is about, they are afraid of tourrist's alright, you and me, and when the rest of us reach critical mass.
That is when the jig is up!
For 30+ years, sovereign nations have been papering over the decline in living standards by issuing debt.
This debt game was only ever possible because of the Keynesian economy because it was supposed to have limits like 2% inflation to ensure the debt created was serviceable.
In reality the polticians once allowed access to this mechanism then abused it for their own ends. Making it acceptable actually meant they felt entitled to run up this debt and make populations responsible for it.
Thing is a whole wedge of people were excluded from the bribed entitlement payout and are starting to wake up to the fact they are in the position they are because of this mechanism. Politicians can keep using it "at their peril" but as they continue and more poor people end up being trapped in the poor position because of this mechanism the more dangerous being a politician becomes.
The totalitarian state comes about in the end because of this more dangerous position and the entitlement of the priviliged to protect themselves but the poor are ALLOWED NO DEFENCE.
Great, wise and correct comment.
The banksters need to repay us.
They fear the end of their thefts.
They fear the truth of their thefts.
They fear the guillotines that truth brings.
The banksters need to repay us.
Obedience to justice is civilization. Obedience to plunder and murder is slavery.
Hey, we should celebrate that a little deflation is coming. They are just going to roll back prices to 1913!
Honcho's got it right. IN Seattle, the building boom is on, construction cranes everywhere, record # or projects underway. Huge projects downtown and in peripheral areas. Easy money and unrealistic demand projections, but who cares, taxpayers gotcha covered.
Okay folks, lets call paper what it really is,...well it's just that,....paper or digits on a computer screen.
Paper gold, paper silver, paper t-notes, paper stock/bonds, paper futures, paper money, paper everywhere!
All left brain abstracts, socially constructed to serve you better!..(irony).
My point: Paper/fiat money ain't nothing but a "place holder", a believe system everyone agrees on, for now!
Money created out of thin air" (i.e. a computer entry) by Govt's Central Banksters is/was never intended to be "paid back", since it's fantasized invention (money) never exisited in the first place,... pay it back to who?
The dirty little secret: Govt debt do not matter!
Hence, always plenty of "funds" for wars, black ops, corp tax brakes etc.
Debt is solely intended to keep you, me, countries, "in line", a control mechanism, a hammer!
Govt's and the mafia banksters want to keep it secret so that, you, I and everyone else continues to make payments (derived from your sweat and labor) to,....the banksters.
Can't wrap your head around it (yet) ?....for good reading;
John R Searle "The Construction of Social Reallity".
Yes Virginia, the black box is not black,...its painted bright orange!
https://www.youtube.com/results?search_query=ratm+wake+up+lyrics
Derivatives are the icing on this cow pie and what's so bad is this could all be fixed by getting out of debt but that would require fiscal responsibility so we're well and truly screwed.......
Insured by the taxpayer, no problemo. The gov and banks are amassing debt almost as if they have no expectation to pay it off or avoid default, hmmm.
They know they cannot pay it off and we know they cannot pay it off. But we want to have hopium and live well today. Paying off debt is hard and gets politicians fired.
Spending and partying like the Kardashians is what keeps people happy and the Pols in power.
Until it ends. And it always ends.
When this whole thing blows up and we have to build America 2.0 on the ashes, let's realize what happened to us, remember what happened to us, and arrange things so that the pyschopaths cannot use the same tools to do it to us again. again..... http://www.amazon.com/Localism-Philosophy-Government-Mark-Moore/dp/06922...
Again this is a great overview for anyone who is interested or to help others who may still have their eyes shut. Not perfect but has some explainations and insights I had not seen before.
http://debtcrash.blogspot.com/
bwh1214, I see that your avatar is a photo of President Andrew Jackson. I copy from that standard article on monetary system history that you linked:
Jackson said to the bankers: “You are a den of vipers and thieves, I intend to route you out, and by the eternal grace of god I will route you out.”
"This was a brave stance, for the power held by the bankers was immense, but Jackson was nothing if not brave. [THE BANKSTERS TRIED TO ASSASSINATE JACKSON, BUT FAILED.] Jackson survived and defeated the renewal of the Second Bank of the United States. For the first time in America’s short history, the federal government paid off the national debt, it also was the only time. ..."
http://en.wikipedia.org/wiki/Second_Bank_of_the_United_States
Every time I have read one of these redundant series of articles republished on Zero Hedge from Phoenix Capital, I have made similar complaints about how superficial those articles were!
E.g.: See these 2 previous articles:
http://www.zerohedge.com/news/2015-01-19/beginning-end-100-trillion-bond-bubble
The Beginning of the End of the $100 TRILLION Bond Bubble
http://www.zerohedge.com/news/2015-02-19/central-bankers-worst-nightmares-are-unfolding-greece
Central Bankers' Worst Nightmares Are Unfolding in Greece
Phoenix Capital wrote in the article above:
"All of this is spending is being financed by borrowed money …"
To express the problem that way, and blame the politicians and the people for that, is grossly mistaken and misleading! The banksters are the biggest gangsters, that applied the methods of organized crime to the political processes, in order to realize the supreme achievement of organized crime, which is LEGALIZED COUNTERFEITING!
Almost the only surviving and successful politicians are the banksters' puppets. Many others were systematically discredited and destroyed, (one most noteworthy exception being President Andrew Jackson, who had to almost miraculously survive assassination attempts in order to defeat the banksters.)
The vast majority of people are muppets, that were brainwashed to believe in bullshit their whole lives by the public school systems and the mass media. Furthermore, their individual lives tended to be more "successful" the more that they agreed with the bullies' bullshit world view, while they could be punished if they did not agree.
It is an insult to the study of history (which is particularly possible to do in the case of American history, which was always relatively well-documented) to not understand that the entire financial system became based on ENFORCED FRAUDS, because the international bankers were the biggest gangsters, that have persistently applied the methods of organized crime to the political processes, in order to make and maintain the established systems of LEGALIZED COUNTERFEITING.
The recent history of Greece is also well-known. One of the worst the the gangs of bankers is Goldman Sachs. Those banksters particularly specialize in going through revolving doors between corporations and governments, in order to grow the basic systems of ENFORCED FRAUDS. Goldman Sachs manipulated the Greek political puppets, and the masses of Greek muppets, to "borrow" vast amounts of "money" (in that case, particularly due to the new opportunity to do so in Euros), in ways which were, objectively speaking, CRIMINALLY INSANE. The OVERALL basic social facts are that society is controlled by lies backed by violence, which have become integrated systems of legalized lies backed by legalized violence, which have automatically become more CRIMINALLY INSANE than is possible to fully comprehend.
"If history shows anything, it is that there’s no better way to justify relations founded on violence, to make such relations seem moral, than by reframing them in the language of debt — above all, because it immediately makes it seem that it’s the victim who’s doing something wrong." -- David Graeber
"Borrowing"
"MONEY" MADE OUT OF NOTHING!
“The process by which banks create money is so simple that the mind is repelled.”
-- John Kenneth Galbraith
Most of the comments already posted below are more perceptive of the real situation, and use better language to discuss that situation, than the standard kinds of mainstream moron bullshit parroted by Phoenix Capital. The basic statistical facts are CORRECT enough, but the interpretation of how and why that happened is so shallow as to be ridiculous.
In that context, bwh1214, your link to
http://debtcrash.blogspot.ca/ I found
standard presentation of the history
and the reactionary revolutionaries'
bullshit 'solutions' to the problems.
"SOLUTIONS" ???
Our society is terminally sick and insane. Diagnosis of that situation does not change it, but only enables one to put labels on the symptoms, and maybe understand those diseases due to ENFORCED FINANCIAL FRAUDS being the foundation of our political economy, in which context the bond holders are the pyramidion people in the social pyramid systems, which are based on being able to back up legalized lies with legalized violence, as ENFORCED FRAUDS.
There is practically nothing but organized crime and controlled opposition. Both of those work together so that systems of backing up lies with violence can continue to control other people by keeping them ignorant and afraid. There is NEITHER better analysis of those problems, NOR better synthesis of genuine solutions to be found in EITHER the established systems of organized crime, OR their controlled opposition groups. What EXISTS are runaway systems of debt slavery, which have driven their numbers to become DEBT INSANITIES, which are headed towards provoking unprecedented levels of DEATH INSANITIES.
Since it is practically impossible to develop better systems of death controls, in order to back up better debt controls, because the established systems are integrated organized crime and controlled opposition groups, which are operated by professional liars and immaculate hypocrites, we are stuck in the vicious ruts of ENFORCED FRAUDS automatically becoming more and more CRIMINALLY INSANE, because the FORCE can never stop the FRAUDS from being FALSE, but nevertheless those LIES control civilization is actually doing, which is mostly to prepare to commit collective suicide, because those ENFORCED FRAUDS have become globalized systems of electronic monkey money, backed by the threat of force from apes with atomic bombs.
Given the degree to which the public spaces are almost totally dominated by the established systems of organized crime, and their controlled opposition groups, there are virtually no public statements which are any better (except for some relatively fringe individuals, such as those some of those who post comments on Zero Hedge.) Articles like the series from Zero Hedge republished from Phoenix Capital are typical of the reactionary revolutionaries, who present superficial levels of the problems due to runaway DEBT INSANITIES, while tending to deliberately ignore the triumphant organized crime that made that happen. Rather, the political puppets and masses of muppets are blamed for what the international banksters have done.
Furthermore, over and over, it is typical for those kinds of reactionary revolutionaries' shallow approach to the problems to then continue to propose matching levels of shallow solutions, which are pathetically silly, and ridiculous to the degree that they regard the social facts about the runaway DEBT INSANITIES, without addressing the driving mechanisms of that, which are GOVERNMENT ENFORCED BANKSTER FRAUDS.
IF one is serious of those problems that governments are the biggest form of organized crime, controlled by the best organized gangs of criminals, then one is required to face those facts, and conclude that the only realistic solutions are to change the real factors that made and maintained the problems. Such genuine solutions necessarily must address the crucial issues that money is measurement backed by murder, because the debt controls depend upon the death controls.
However, since BOTH the established systems of organized crime, AND its controlled opposition groups, deliberately ignore and deny that, we are necessarily still rushing at an exponential rate towards the runaway debt insanities provoking death insanities. Everything that postpones that from happening sooner, only means that the overall debt insanity situations will get worse and worse ... Therefore, nothing is being resolved, while the potentials to provoke death insanities continue to build and build!
"BONDS" are at the top of the social pyramid systems based on backing up legalized lies with legalized violence. Bond holders are the pyramidion people operating through the established systems of ENFORCED FRAUDS. Articles like those above are typically superficial views of the history of that situation, which therefore default to superficial suggestions for idealized "solutions." Despite that there EXIST globalized electronic frauds backed by the force of atomic bombs, the public debates about those developments are almost totally based on bullshit.
The degree to which current civilization is almost totally dominated by BULLSHIT is practically impossible to exaggerate! Given that FACT, there is practically no public discussion of more radical truths, other than by a few individuals who post comments on relatively fringe Web sites. Otherwise, the almost total dominance of BULLSHIT through BOTH the established systems of organized crime AND their controlled opposition continues to still overwhelmingly dominate. Hence, we can often read articles like the one above from Phoenix Capital, as republished on Zero Hedge, which correctly points out some of the increasingly obvious FACTS about runaway DEBT INSANITIES, while that is explained in ridiculously superficial ways ... Meanwhile, of course, the few fringe comments that remark about that will not make any significant difference, due to the degree that the ENFORCED FRAUDS are entrenched in BOTH the established systems AND their controlled opposition groups.
Hence, there are no good reasons to believe that any good solutions to those runaway problems will be able to be developed and implemented, because our society is too terminally sick and insane, because of the degree to which ENFORCING FRAUDS has become overwhelmingly dominant throughout all facets of the current civilization! There may well be theoretically possible realistic resolutions to the problems that ENFORCED FRAUDS ARE THE FOUNDATION OF THE POLITICAL ECONOMY, however, almost nobody is able and willing to discuss that, rather than continue to parrot the banksters' bullshit regarding that social situation.
Max Keiser appropriately popularized the phrase that the biggest banks were FINANCIAL TERRORISTS. That is a correct summary of how the banksters actually have always operated, and therefore, how and why the "bond market" is in the shape it is now in, with its runaway debt insanity situations automatically getting worse, faster! Therefore, the article above has another false title, similar to the previous Phoenix Capital article republished on Zero Hedge, (linked above) regarding that "Central Bankers' Worst Nightmares Are Unfolding in Greece" ... When one thinks about the central banks being terrified of bonds, one should remember that those banks are the greatest FINANCIAL TERRORISTS.
Phoenix Capital is NOT doing that, but rather indulges in blaming the banksters' political puppets and the masses of muppets, for the problems which are actually do to the mechanisms of the methods of organized crime applied by the banksters to the political processes, in order to achieve the LEGALIZED COUNTERFEITING OF THE PUBLIC "MONEY" SUPPLY BY PRIVATELY CONTROLLED BANKS.
Given the magnitude of that problem that civilization is controlled by organized crime, including that the only public significant opposition is also controlled too, the overall social situation is that our society is terminally sick and insane. A few of the readers of Zero Hedge may commiserate with that, but none of them can do much, given the degree to which the established monetary systems have become like totally metastasized cancers, or parasites that are killing their host. Since money is the mother's milk of politics, and the oxygen to every possible political fire, the almost total vicious spirals of crazy and corrupt money, provoking even more crazy and corrupt civilization, have no apparent practically possible solutions ...
I would like to day dream that somehow, while that is happening, some of the more fringe individuals' correct deeper analyses of those problems would find some way to become developed as more genuinely realistic solutions. However, the established systems and their controlled opposition groups are quite dominated by the best professional liars and immaculate hypocrites. In those groups, I would include Phoenix Capital, due to how the series of articles about the "bond market" developing runaway debt insanities was presented as something which could be blamed on the public political processes.
The deeper paradoxes, which authors like Phoenix Capital are not wiling and able to embrace, are that human beings fundamentally operate as robbers in their environment, to the degree that we define them as separate from the environment. Human beings and human civilizations operate as entropic pumps of energy flows, which phenomena have been misunderstood in the most bullshit ways possible by the biggest bullies, which are currently the banksters. Therefore, while everyone operates through systems of organized lies and robberies, the political systems have assembled and channeled that to become that the public powers have effectively been PRIVATIZED. The big banks, and the big corporations that grew up around those banks, have effectively privatized the public powers of government to rob, and to kill to back up that robbery (expressed as taxation and enforcing the rule of law.)
FRAUD IS SYMBOLIC ROBBERY. That is what the banksters were doing, 24/7, every day of the year, for year after year, decade after decade, for Centuries, as those ENFORCED FRAUDS automatically got worse, faster, at a pretty well exponential rate, which is how and why we ended up with the "bond market" developing runaway debt insanities! However, so far, one can certainly count on authors like Phoenix Capital continuing to deliberately ignore that, while still parroting the bullshit reasons that blame the people and the politicians for the ways that civilization actually operates according to the principles and methods of organized crime.
By and large, most people never change their political opinions on the basis of more rational evidence and logical arguments, since their opinions were actually formed through the long history of successfully backing up lies with violence, which are successful by deliberately ignoring any more rational evidence and logical arguments regarding that social situation. Human beings must necessarily operate as systems of organized lies and robbery, while it necessarily developed that those who were the most successful at doing that dominated society.
EVERYONE has some power to rob and to kill. However, those powers have been assembled and channeled through governments, corporations, (and other institutions.) Almost EVERYONE has been brainwashed to believe bullshit regarding the basic facts of life. In terms of well-established social taboos, those revolving around money are actually much greater than those revolving around sex, as demonstrated by the degree to which most people are not aware of that.
EVERYONE must live through some system of lies operating robberies. The degree to which people do not know that, and do not want to know that, is the degree to which money IS measurement backed by murder, while the vast majority of people do not see that, nor do they want to see that, which has enabled the banksters' ENFORCED FRAUDS to become runaway criminal insanities, without any significant opposition, because almost all of the publicly significant opposition is controlled to stay within the biggest bullies' bullshit world view, such as demonstrated in articles by Phoenix Capital, et alia ... There are no effective ways to organize better opposition, to put up enough resistance to change the path of least resistance. Therefore, the established systems continue to flow along their paths of least resistance, which are the human paths of least morality.
The tragic trajectory that I believe we are on now is that we are running out of time, or perhaps have already run out of time, to be able to understand our real problems enough to develop some real solutions to those problems. Anyone who wants to can spend the time to learn about the history of the monetary and taxation systems, and how and why the banksters were able to covertly take control over that through the persistent application of the methods of organized crime to the political processes, until we have reached the point where we are at now, which is central planning done by central banks, which are based on being able to ENFORCE FRAUDS, and therefore, are engaged in criminally insane forms of central planning.
Paradoxically, the problems are NOT the abstract concept of planning, but rather, the social successes of planning based on being skilfully deceitful, in order to make and maintain government enforced frauds perpetrated by the central banks, as the current new royalty, or Kings of Fraud, which have captured control over the powers of sovereign states, originally forged by the surviving War Kings, to enable society to be controlled by systems of legalized lies, backed by legalized violence, which are fantastically lucrative for the banksters, and their oligarchical, plutocratic class, while everyone else automatically gets screwed worse and worse!
Those profound political problems, manifesting in the forms of bribery, intimidation, and assassination of those who could not otherwise be bribed or intimidated, are the REAL REASONS for the ENFORCED FRAUDS, which have runaway to produce the problems of DEBT INSANITIES, which some countries which are more peripheral, like Greece, are manifesting. The BASICS are that the death controls are central to human ecology, and the political economy is inside that human ecology. There are, and must necessarily be, combined money/murder systems. However, those systems have become most socially successful by being done through the maximum possible deceits and frauds.
The current situation with the "bond market" developing runaway debt insanities are due to those reasons, however, since the established systems are based on organized crime, surrounded by controlled opposition groups, almost nobody in the public spaces is going to state those radical truths. In that context, meanwhile, I have always found that the more I learned, the worse it got! It seems we have run out of time to adapt in any better ways. Our society is ALREADY terminally sick and insane! There appears like there can be nothing else than palliative care, because of the degree to which the established systems of organized crime and controlled opposition are dominated by professional liars and immaculate hypocrites, whose primary skills are to BULLSHIT, while they continue to deliberately ignore and deny the basic social facts, which theoretically they should pay attention to, but do not want to.
In my view, that tragic trajectory is demonstrated by the series of articles from Phoenix Capital, which correctly summary the FACTS regarding the statistics which show the "bond market" developing runaway debt insanities, YET CONTINUE TO "EXPLAIN" THAT IN SILLY, SUPERFICIAL WAYS, BASED ON THE SAME OLD BULLSHIT, WHICH THE BANKSTERS HAVE POPULARIZED BY SUCCESSFULLY ACTING LIKE FINANCIAL TERRORISTS.
The banksters are not so much "terrified" as they ARE the primary "terrorists." Since human beings have developed their death controls through the history of warfare, whose successes were based on deceits, and that became the foundation for a political economy based on ENFORCED FRAUDS, there are NO theoretically possible real resolutions to our problems which are not changes in the death controls (which then could back up changed debt controls.) However, since the established systems are due to organized crime being surrounded by controlled opposition, all of which are run by professional hypocrites, there are no good reasons to believe that human beings could actually develop any better death controls.
But nevertheless, from a theoretical point of view, THOSE ARE THE ONLY GENUINE SOLUTIONS, because the real problems are due to the real history of the death controls, backing up the debt controls, to create the "bond market" developing runaway debt insanities ... Given the degree to which only fringe of a fringe of a fringe of the people understand that, while the public spaces are almost totally dominated by the established systems of organized crime, surrounded by controlled opposition, the DEFAULT "solutions" to the problems of ENFORCED FRAUDS DRIVING DEBT INSANITIES ARE DEATH INSANITIES.
While I WISH that I could come to some other conclusion, I find no way that retains any intellectual integrity to avoid the view that we are headed towards the international banksters switching gears significantly from being FINANCIAL TERRORISTS who promoted ENFORCED FRAUDS, to becoming much worse TERRORISTS, who will be provoking much more genocidal wars, along with democidal martial law. As that happens, the only theoretically better resolutions of the problems would be to develop better death control systems.
However, it appears that we are now in a terminal state of having been blinded by bullshit. The ways that the monetary and taxation systems actually work is a massive blind spot in the minds of vast majority of people, especially since they mostly feel like they want to stay that way! Articles like the series from Phoenix Capital show how that works, by otherwise well-educated individuals facing the financial facts, and expressing their concerns about those, without ever looking an deeper into how and why that situation developed, and therefore, not moving from deeper analyses to deeper syntheses of realistic solutions which face what the real problems are!
@Radical Marijuana, I agree with most of what you have said but have failed to determine what you think is the way out of this mess or how you think they powers that be will try. I get that you think"Our society is terminally sick and insane." and in many ways I agree but once we reach that conclusion what do we do with it?
The other desperate ploy:
suppression of gold and silver price.