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Peter St. Onge: How gold can save the dollar
By Peter St. Onge
via Money Metals Exchange, Eagle, Idaho
Can we save the dollar before central banking kills it?
Our deficits are now stuck at 8% of gross domestic product -- unprecedented in peacetime. And our national debt just hit $35 trillion -- unprecedented in the history of man.
Even the central bankers realize that this isn't sustainable. That we are coming to the day our paper money utopia crumbles.
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Historically, from Song Dynasty China to Weimar Germany, when paper dies we return to hard money. Because backing the dollar with hard money like gold -- and eventually Bitcoin -- is the only way to kill the money printer.
Happily, we can actually do this without the crash. ...
... For the remainder of the analysis:
https://www.moneymetals.com/news/2024/08/15/how-gold-can-save-the-dollar-003382
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