By Richard Russell
As subscribers know, I consider God’s greatest gift to be peace of mind. Gold and silver are peace of mind.
One thing I am certain of is that a hundred or a thousand years from now, silver and gold will still represent earthly wealth. If you own wealth, it is only yours while you're alive on earth. God is the source of all wealth and we only borrow it while we are alive. Even Bill Gates and Warren Buffet know this, and they have willed their wealth to charity upon their death.
“IT’S A ROLLOVER WORLD AWASH WITH MORE DEBT THAN BEFORE FINANCIAL CRISIS.”
That’s the headline that greets us in today’s Financial Times. In 2007, world debt was $142 trillion dollars and in 2014 world debt was $199 trillion dollars. The world’s balance sheet today is insane. Incredibly, instead of deleveraging, the world is continuing to leverage, sending world debt to $199 ... Log in or subscribe to continue reading.