While the massive amount of debt, derivatives and fiat money are indeed excellent reasons to own the precious metals, they are the mere symptoms and not the disease itself. The advanced societies of the world were built on an economic system that can only survive if it continues to grow. Without growth, the $100′s of trillions in derivatives and debts would implode — along with it the Suburban Retail-Commercial-Housing economy.
The key ingredient that drives the growth of the world’s economies is energy. The most vital energy component of the global economy is oil. Peak oil would have come and gone, if it wasn’t for the $trillions in new debt that allowed non-commercial oil resources such as shale oil to be extracted. Basically, the U.S. and world are purchasing a percentage of oil it cannot afford.
There is a great deal of energy disinformation published on the MSM and internet. Several of the well-known alternative media analysts on the internet have been beating the drum for shale oil & gas. Even though shale energy has been a boost to the U.S. economy, it will not be long-lived — regardless of the hype and overly optimistic forecasts.
One of the most recent energy falsehoods being advertised, is that the U.S. is now the largest oil producer in the world surpassing Russia & Saudi Arabia...
- Source: SRSRocco, Read the full article here: