by Mike Dillard (following Michael Malloney)
Stage I – Good Money
Backed by gold, etc.
Stage II – Social Programs
Stage III – Massive Military
Stage IV – Military Adventures (War)
Stage V – Fiat Money
To fund the war, steal from the people.
Stage VI – Inflation
2010 through 2011 commodities up 46%.
Stage VII – Wealth Transfer (Currency Collapse)
We are moving from stage VI to stage VII. Commodities are just starting to spike. Paper assets collapse. (Since there is no currency, but only debt in a fiat system, this is the collapse of debt. It is deflation. It’s the mother of all margin calls. … the credit cutoff.)