Thanks for another great article! I have a question for you: I understand that fiat is doomed in, lets say the US, because of massive debt levels, which will result in deflation and then inflation as central banks bring out the helicopter money... But is that situation really the case for us as well in Australia and New Zealand? Are our governments printing money like this? Our debt levels aren't as bad as the US and others so could we just endure deflation without the helicopter money, making our currencies safe?

@anothervoice of the steemsilvergold community was here and up voted this post.

@anothervoice of the steemsilvergold community was here and up voted this post. Nice coins!

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Great post! You are absolutly true but I have to add that I think people lost the connection to true value of things like "Money" and "Real Estate" etc. 

My Grandfather teached me one important thing, that I doesn't understanded back when I was small but now gets more and more important in my life: "Money is debt - Gold is Money." .

Past proved my Grandfather, I think future will follow...

Followed you, again great Post! :)

Greetings, George.

Resteemed fellow member of teamaustralia.  Cheers.  Great Article by the way.  I love the precious metals posts.

Silver and gold is a very great opportunity right now
The prices of them both a very cheap but won't last very much longer!!!!

It's hard to believe it's going on ten years since the 2008 scare. People are going to,  you know what, when this debt problem unwinds. It will take longer than anyone can imagine.

Thanks for the post @silverbug

like many others I carry a fair amount of debt on my credit card. I am now looking at reducing this but I took a gamble and decided to buy silver (up until June of last year). I'm hoping that it turns out to be a wise decision!

Amazing post bud!  Love that silver!  Debt is enemy and once our enemy sees an opportunity to defeat us we will be in a world of hurt. Prepare and prepare some more.  :)

Deflation, or Stagflation, that is until the inevitable central bank response of printing us into hyperinflation. Think, helicopter money. It's a global Ponzi scheme.

This is why we put away what we can now. Great post! Keep stacking away.

While I agree that debt is a major problem, I think another significant problem, perhaps just as significant, is the lack of savings, or more specifically, the lack of interest bearing savings options. This is a side-effect of low interest rates that is almost never talked about. The average person used to have access to savings vehicles like money markets and CDs which paid decent interest rates. But with the continual suppression of interest rates by the Fed, those options are useless. The average person has no low-risk options to save money.  Instead, they have little choice but to turn to the stock market, or real estate market, and put their savings at great risk. It seems every few years there is a major crash, which wipes away those savings.  This leads to less savings, and less savings balance.  When you combine toxic levels of debt with non-existent savings levels, you have a recipe for disaster.

Spot on! Great post @silverbug!

The world has never seen so much debt in history. It is not going to end well.

I wish I understood all this more. From my understanding about 90% or so of money is debt and it has always been this way - and it does lead to the cycles of growth and recession that you talk about (and then a once in a generation deleveraging as we saw in 07/8 and in the great depression). I'm not sure why investing in gold or silver should be any better than money though - they only have value because they are shiny, right? Genuine question from someone who is quite ignorant!

@silverbug thankyou for your post. Yes, it is going to be devastating, the biggest wealth transfer in history is about to take place. Crypto is an additional component. Before we had worthless unbacked paper money. Now we additionally have people going into debt to buy crypto - worthless non-edible digital nothings. A line in a digital ledger can be "worth" millions. All blockchains are full of errors requiring teams of "developers" who debug them. No way! No way! If crypto is so valuable, then why is it so available? And anybody can make it. Just the other day I made 1million of my own tokens on the Ethereum platform, totally worthless crap that I can fabricate out of thin air, nobody can eat it, build a house with it or fuel iron production with it. And the next thing: Crypto backed gold. You wait and see. It's coming. We already have forms of it. So many people are going to lose so much... STAY AWAY FROM THESE SCAMS!!!
<iframe src="https://player.vimeo.com/video/213611144" width="640" height="360" frameborder="0" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>
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I think it is our fault that we allow ourselves to become in debt.  The system is designed for us to fail and most of us fall into the trap.  We work 50-60 hours a week just to make meager wages and can not keep up with household expenses.  This model is the family of 3-plus and kids are wonderful to have in your life it is a big expense.  Healthcare premiums and out of pocket expenses can go over 25% of  gross income.  It is great that everybody has healthcare but the middle class is paying for it.  Houses, cars, food and other expenses are high and drain the family income.  For most savings is just a dream...  
Why do I say it is our fault?  We are complacent, we keep the same job and complain that we don't make enough money.  The solution is to continue with job search and skills improvement.  Otherwise you just fall further behind.   It isn't going to get any better and it will be more difficult to keep up.

So true! Thanks for sharing @silverbug.

Debt is the gasoline of the current financial system.

Hopefully, you've had a chance to study my posts on 
paying off the Debt...  This is an older post of yours...
I've been coming around this tag for 7 months now...
![](https://steemitimages.com/DQmUzjiRT8QMaiaCFSkT2HoyudFJMU1sG367M86dnzztDHa/image.png)
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Back at the turn of the 20th Century, a man named William S. Crowdy said, "Do not put your money in the banks, for they will fail."  It has proven to be true more than once, as the owners use them as a tool simply to manipulate and control the populace.

The solution is a global agreement to default on government debts and wipe them out alongside the introduction of a gold backed currency which can be used by consumers to pay down debts denominated in fiat currencies. Yes the banks will suffer and it will cause a lot of pain, but it's the only way out as I see it.

"The entire industrialized world is drowning in debt at all levels private, business and public"

That's by design. Just as local bank milk you over time, if you take on debt, central bankers milk whole the nations same way. It is a huge criminal operation that is slowly enslaving the whole world. And if some country is not part of this mafia extortion, then that same country is in war somehow inflicted upon it. Central bankers are enslaving the world by any means.