It seems absurd that Asia is willing and able to build high-speed
“bullet” trains to connect large population centers while the United
States struggles with an antiquated Amtrak rail system often beset with
service interruptions and lethal accidents. The truth of the matter is
that the major U.S. metropolitan areas are beset with massive loads of
debt, including a ticking-time debt-bomb in the form of several trillion
dollars in unfunded public pension funds.
The Delhi-Mumbai Industrial Corridor is a major infrastructure project that
India is developing with Japan. The project will upgrade nine mega
industrial zones as well as the country’s high-speed freight line, three
ports, and six airports. A 4,000 MW power plant and a six-lane
intersection-free expressway will also be constructed, which will
connect the country’s political and financial capitals.
– The Daily Coin
The 24 Mega City project underscores the economic, political and
cultural contrast between the eastern and western hemisphere countries,
with the sun setting in the west and rising in the east. The west is
mired in a catastrophic web of Government-heavy economies that exist on
the life support of trillions in money printing and debt issuance. True,
some countries like China have relatively high debt levels but they are
offsetting that form of fiat currency debasement with massive gold
accumulation. The heart of the problem is highlighted by the graphic
below (click to enlarge):
budget for the U.S. Government will primarily be spent on social
security, defense, medicare/medicaid and interest on the Government’s
debt. Those five items will burn more two-thirds of the Government’s
budgeted expenditures in Fiscal Year 2017.
But don’t bother asking how the Government plans on paying for that.
The funds will come from oldest forms of currency debasement: money
printing and debt issuance. And Trump’s proposed spending agenda will
accelerate the growth rate of both .
It’s amazing that the U.S. Government seems to have unlimited funds
available to spend on guns, bullets and surveillance of the citizenry.
Ranked in order of expenditures, The U.S. spends more on its military
than the next 14 highest ranked countries. “On the books,” the U.S.
spent $597 billion in 2015.
That was 4x more than China and 9x more than Russia (source: International Institute for Strategic Studies).
While the west, led by the United States, advances its collapse with
rampant currency debasement and unbridled imperialism, the east is
investing its resources in the future – in the advancement of its
civilization. Perhaps the hallmark of this contrast is best represented
by the flow of physical gold from west to east. The Shadow of Truth has
devoted today’s episode discussing some of the signs pointing to the
collapse of the west and the rise of the east:
Rory Hall, Editor-in-Chief of The Daily Coin, has written over 700 articles and produced more than 200 videos about the precious metals market, economic and monetary policies as well as geopolitical events since 1987. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver and Silver Doctors, SGTReport, just to name a few. Rory has contributed daily to SGTReport since 2012. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Visit The Daily Coin website and The Daily Coin YouTube channels to enjoy original and some of the best economic, precious metals, geopolitical and preparedness news from around the world.
Dave Kranzler spent many years working in various Wall Street jobs. After business school, he traded junk bonds for a large bank. He has an MBA from the University of Chicago, with a concentration in accounting and finance, and graduated Oberlin College with majors in Economics and English. Dave has nearly thirty years of experience in studying, researching, analyzing and investing in the financial markets. Currently he co-manages a precious metals and mining stock investment fund in Denver and publishes the Mining Stock and Short Seller Journals. Contact Dave at email@example.com.
The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.
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