Owning gold & silver is a safe way to protect wealth when the Global Financial Ponzi Scheme unravels…
by Steve St Angelo of SRSrocco Report
Last week I chatted with Tom at Palisades Radio about why the Financial World is one Giant Ponzi Scheme. The world is now nothing more than a typical Ponzi scheme because we used the energy profits to pay positive returns, which will no longer be possible when we head over the Energy Cliff.
A typical Ponzi Scheme is to pay profits to early investors with funds from more recent investors. This is our current Investment & Retirement system. The poor young folks paying into their 401 Ks or retirement plans will likely never see a return of their money, or most of it. Thus, those who are receiving investment returns now or are retiring, are being paid by younger investors based on the growing energy supply. When the ENERGY CLIFF really hits, young investors will no longer be able to add much to their retirement accounts. This will spell DISASTER for the Financial System.
This is precisely why I believe owning physical metals is a safe way to protect wealth when the Global Financial Ponzi Scheme unravels.
