GOLD AND SILVER, ECONOMIC NEWS 2019
this will be the year we all (well most of us) learn that the collateral for mountains of national and corporate debt was a false belief by the borrowers, and even more so by the lenders, that future growth would continue to be there to service it.
Didn't both parties make that same mistake with housing prices a few years back? Hope the results this time aren't as severe. LOL
All debt-based consumption steals from the future to gratify the present. It is tomorrow’s consumption pulled forward. It signs a perpetual check against an overdrawn future.