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There is No Escape from Global Debt

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money getting vacuumed up
inflation sucks...the money out of your wallet. Stagflation takes the wallet.

Not 24 hours after my last post on the price of gold reacting to the U.S. debt and unfunded liabilities, we find this article about the global debt and unfunded liabilities. Then it connects the dots to depreciating currencies, inflation, higher taxes, and impoverished wage earners. (That’s you and me, folks.)

Read it if my post didn’t frighten you enough about the economic calamity that awaits us.

Published 9/16/24. Read full article.

SOURCEZero Hedge
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Drawing on two decades of experience working with law enforcement and military personnel, Pete cuts through the noise to deliver hard truths about preparedness and survival in our fragile world. His belief in the preparedness lifestyle is so strong that he made the transition from the big city to an isolated mountainside homestead where he installed a solar power system, burns firewood for heat, and relies on a gravity-fed spring for water. Pete is an NRA Certified Firearms Instructor, a USPSA range officer, and a former competitive shooter. Through the Pickled Prepper, he provides actionable, intellectually honest intelligence and no-nonsense advice on self-reliance and homesteading, self-defense, and surviving whatever lies ahead.