Ever here this? Lear Capital Article Review: A Thousand Pictures is Worth One Word

You have heard it a million times. Maybe not a billion or a trillion or a quadrillion times, but you have heard it A LOT of times. “A picture is worth a thousand words.” Well, try the reverse on for size, as headlined above. Can you catch the drift of where I am heading with this? Notice how it seems too easy to say trillion anymore? It is a shame, but it shouldn’t be. However, in this debt-gone-mad world we live in now and this excuse for paper money (you have heard me call it Helicopter Money many times), it is just too easy to use those words. Well, this article from last year by Jeff Clark is a historical reminder of the usual outcome of paper money.

In fact, he has a prediction that hard to ignore: “History has a message for us: No fiat currency has lasted forever. Eventually, they all fail.”

What causes a currency to fail? From the article: Peter Bernholz, the leading expert on hyperinflation, states unequivocally that “hyperinflation is caused by budget deficits.” Clark takes us through the pictures of 23 failed currencies. No citizen or their respective politician thought it would happen to them in their country, but they did. All of them. Do you yet have the currency that doesn’t fail in your portfolio? Physical gold has never been worth zero. A gold coin never fails. Give us a call at Lear Capital today to begin to accumulate YOUR stash of gold coins!