SideNote: This could be our last chace to buy all the physical Gold-Silver we can afford. Before it disappears from the market, with very little to be found. No doubt hard times will be knocking at our door soon !! GRIM

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Egon von Greyerz: “The US is of course the best example of a country that totally mismanages its affairs. The US has had a trade deficit every single year since 1976. This means that the US has been living above its means for 40 years. In simple terms the US cannot afford to pay for its imports and must rely on debt and printed money to finance its extravagant consumption habits.

But that’s not all of course. What is even worse is the US budget deficit. The US has not had a real Budget Surplus since 1960! This is just incredible. The supposedly mightiest economy in the world has for well over half a century needed to borrow or print more money every year just to survive. Any company or individual who did this would have been bankrupt long ago and nobody would have lent them a penny. But the US has managed to hold on to the reserve currency status of the dollar and therefore continued to run deficits by just printing more money.

I have been expecting for some time that the dollar will run out of luck and start to reflect the fact that the US government is bankrupt. I believe that we have reached that point now. The most indebted nation in the world cannot continue to finance its malpractice by borrowing from the rest of the world. That is why we will see a major collapse of the dollar starting now and continuing until it has reached its intrinsic value of zero.

http://kingworldnews.com/legend-just-issued-a-dire-warning/