Silver And Sanity

Silver is real money, not a debt-based fiat currency that will eventually fail. Silver bullion production requires capital and effort to mine and refine. We use it for solar panels, iPhones, cruise missiles and thousands of other items. Silver is monetary sanity.

Prices for silver rise as currency units are devalued. Silver sold for $1.29 in the 1960s. Today’s COMEX price is around $16.00 because dollars buy less. Prices for physical silver are much higher. The continual devaluation benefits the political and financial elite who own most paper assets – stocks and bonds. The bottom 90% pay higher prices for necessities plus interest on their debts. Savings in silver coins will offset devaluation and loss of purchasing power.

Why do dollars buy less? The banking cartel borrows and “prints” too many of them into existence. More debt means more dollars in circulation.

How much debt have our bankers created? The St. Louis Fed tracks total credit market debt. Current US debt is about $74 trillion, over half a million fiat dollars per US worker. Insanity! The debt will be extinguished via default or hyperinflation.

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Total debt increases rapidly. But one might think the debt increases because population rises every year. To prove otherwise, divide total credit market debt by US population and see the rapid rise in population-adjusted debt.

Population adjusted credit market debt increases, and dollars buy less every year. See the Chapwood Index.

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Do you remember?

  • A cup of restaurant coffee cost ten cents in the 1960s. Today a coffee costs two bucks.
  • A pack of Marlboros cost twenty-five cents in the 1960s. Today that pack of cigs will cost $6 – $12 depending on taxes.
  • A new truck in the 1960s cost $2,000. Today a new truck costs $50,000 to $80,000. It may be a better truck per government statisticians, but you still pay $50,000 to $80,000 in devalued debt-based dollars.


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