Silver and the Popping of the Debt Bubble, by Hubert Moolman
We have now moved into an era of rising interest rates that is similar to a period that started in the early 1940s. At the start of this period, the Government Debt to GDP ratio was also around 120%, close to where it eventually topped/popped. Despite high relative debt levels and a rising interest rate environment, the US was in a good position due to the US dollar being the premier world currency as a result of the 1944 Bretton Woods agreement. Instead, the US is currently facing a similarly massive debt liability and a rising interest rates environment, while …