The Greatest Wealth Transfer in History
None of us has the power to stop what is happening, or what is going to happen, however it’s really important that we don’t leave our heads in the sand either.
If you are aware of what is going on, and I’m going to do my best to explain all of this in this article, then you can ride the wave and be well geared up to thrive from the times ahead.
From studying wealth cycles throughout history, it’s amazing that governments have been allowed to let this happen without more mainstream media scrutiny.
Every time a currency has gone from having the backing of something physical like gold, into becoming a paper currency (a fiat currency), eventually the governments and/or banking system prints too much money and pushes it to a tipping point where the value of all fiat money crashes and the values of commodities like gold and silver raise to their correct values to make up for the excess currency that got artificially created.
This has happened time and time again throughout history, dating back to Athens in 407 BC. And judging by the amount of money that has been printed throughout the world, it looks like gold may even hit $10,000 per ounce by the time the current fiat-currency cycle hits it’s bottom point. Other commodities like silver are also expected to rise dramatically.
The probably impending economic collapse is attributable to the fact that all the world’s currencies are now fiat currency as well as the effects of globalization linking world economies to form interdependent relationships like never before.
There are concrete and historical reasons to believe that Gold and silver will be the most desired investment choices. In present times, it is impossible to know the real value of gold and silver owing to artificial money printing tactics and global policies and the like.
But when the true value of gold and silver is finally determined by the free markets, it will present an intriguing wealth transfer.
Probably the largest wealth transfer in the history of the world.
You’ll find some people having their bank accounts practically wiped out (in terms of the value their money will buy), and others who own the right types of commodities, will suddenly become unimaginably wealthy.
In present times, currencies are subject to inflation that may well reach unimaginable levels, and since all currencies are fiat currency, the only sanctuary for money investors to turn to is tangible commodities.
The demise of the currency cycle similar to the bubble of the stock cycle has seen millions of money investors forced to to withdraw 401k money from the economic market.
Additionally, with both stock and currency cycles winding to the end of their part of the cycle, the commodity cycle is coming back around towards it’s beginning as gold, silver and other com which can be used as currencies in replacing currency which has depreciated in value.
When will it happen?
I don’t know for sure. My guess is sometime in the next 1-2 years, though it could take up to 10 years with some very clever negotiating, bailouts and the like from governments around the world.
I certainly do see this as inevitable, it’s just a matter of time. I’d love someone to produce an argument to prove me wrong, though I haven’t found any after a LOT of time researching and looking.
It is hard to imagine life without the common national currencies. It sounds scary to some extent. Don’t be afraid though, be prepared, and you’ll finish up on the right side of the ledger as this wealth transfer takes place.