Too Much Debt & No Going Back

John Adams on Palisades Gold Radio

Tom welcomes John Adams to the show. John is an economist and internationally recognized thought leader. He is the Chief Economist for As Good As Gold Australia, one of the most trusted Bullion Dealers.

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John discusses his recent article on the Bond Market and Silver and outlines the rampant money printing occurring globally. We see a 1.9 trillion dollar stimulus in the US along with a climate change package and numerous executive orders. Besides, they are planning increases in the minimum wage and higher taxes, all of which will have an economic impact.

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Bonds have been moving in recent weeks due to ongoing inflation concerns. He explains the Australian government’s actions to manage the markets and other assets like equities and metals.

We are in the most giant debt bubble in the world’s history, and it could lead to a global meltdown. Every time we have had a crisis, central banks have intervened with more liquidity, and no politician has stepped in to prevent it. The entire system is continuing to blow up debt bubbles, and the more concerning element is that central bankers are now effectively taking over governments.

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