FAST FIVE: Von Greyerz: This Implosion Will Be Fast… Hold On To Your Seats
DEBT TO GDP GROWTH As the chart below shows US debt to GDP held well below 25% from 1790 to the 1930s, a period of almost 150 years.
So individuals are creating wealth by swapping properties with each other.
Hardly a sustainable form of wealth creation.
So Russia will be able to sell its commodities including gold to other markets at higher prices.
Gold started an uptrend in year 2001 that lasted for 10 years to 2011 when gold reached $1,920.