Incredible! Over at Zerohedge, I just read an article entitled: This Is The Biggest Problem Facing The World Today: 9 Countries Have Debt-To-GDP Over 300% (www.zerohedge.com/news/2015-02-23/biggest-problem-facing-world-today-9-countries-have-debt-gdp-over-300)
Here's the chart from that article showing the top 16:
There's only one way out of this mess, folks; the governments and central banks must create inflation. The way they will do this is by depreciating our currencies by more printing.
It's the only way out for them.
Got gold? Silver?
Well, not the only way but the most likely. They could let the whole economy crash but of course they won't; that's just too scary for them. They rather blame the inflation (and of course the "evil speculators") and secure their hard assets than take the risk on themselves. But the economy still might crash before the inflation takes off - as the Austrians know it's hard to tell exactly what and when will happen... :-(
Gold is a horrible storage of wealth.
What about the possibility of more war?
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