LOS ANGELES, Dec. 10, 2013 /PRNewswire/ -- This time of year, millions of consumers will put themselves further in debt. What most don't realize however, is how their own government is racking up debt in a manner akin to a wild shopping spree on a credit card with no limit. To make things worse – it's the public who are on the hook not just for their own spending, but for the government's as well.
As explained in the just released video - When Money is Corrupted – continued government stimulus and currency creation can bring about an economic implosion with two choices: default on the debt or hyper-inflate it away. Either option has the potential to wreak economic chaos unlike any ever experienced in the past.
The video takes a historic look at past instances of hyperinflation and the resulting economic nightmare it caused for the people unfortunate enough to be caught in that era. According to monetary historian Mike Maloney, host of the series, "Our money itself has been corrupted and this affects your freedom…" noting the strong possibility of an economic meltdown caused by ongoing deficit spending.
When Money is Corrupted follows the viral hit video The Biggest Scam in the History of Mankind which has soared past 1,200,000 views in just 6 weeks. It is the most viral economics video of all time.
Maloney's Why Gold and Silver YouTube channel has been watched by over 8 million and has over 55,000 subscribers.
He is known for the best-selling precious metals investment book of all time, Guide to Investing in Gold and Silver and his work with financial educator Robert Kiyosaki, author of the "Rich Dad, Poor Dad" series. His lifetime mission has been to help demystify what is behind modern currency and, what regular people can do today to have a better chance at their future prosperity.
The Hidden Secrets of Money video series is sponsored by GoldSilver.com, a highly rated seller of gold and silver. GoldSilver.com is an industry leader in providing gold and silver bullion in secure storage, retirement accounts, or delivered to the consumer's door.
All Hidden Secrets of Money episodes can be viewed at: http://www.hiddensecretsofmoney.com
Video with caption: "This time of year, millions of consumers will put themselves further in debt. What most don't realize however, is that their own government is racking up debts in a manner akin to a wild shopping spree on a credit card with no limit. To make things worse – it's the public who are on the hook not just for their own spending, but for the government's as well." Video available at: http://www.youtube.com/watch?v=OQWMd_NPSBA