By Chris Weber in The Weber Global Opportunity Report:

For those concerned about the huge debts that governments are running up these days, I thought the following article (from the Chicago Federal Reserve!) was very interesting.

France is still paying off a debt it contracted in 1738.

And think of all the changes in French governments since then: monarchies of various "houses", revolutions, Empires, five republics, German occupation...and I'm leaving out other forms.

Yet the debt remains. It is an object lesson. Life changes, but once you are indebted, that can last forever!

How will governments today pay off their debts? The obvious answer is inflation for those whose paper money will still be accepted, or default for those whose money will not be accepted.

But this article argues for the "old-fashioned" solution: have generations yet unborn still keep paying it off.

Crux Note: Chris Weber is, by far, one of the best investors we know. He started investing at age 16... and was so good at it, he became a millionaire by the time he was 20. Today, Chris has grown his fortune many times over, and he writes exactly what he's doing with his money. If you're interested in finding out about Chris' personal favorite recommendations for both cash and gold, click here to learn more.

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