It was a slow summer for the U.S. economy in a lot of ways, most of them negative. But the action is about to get fast and furious in Washington, D.C., and Americans deserve to understand the bottom line in what's about to transpire.
The bottom line is that a new period of trauma and turbulence is about to overtake the federal government and, along with it, the international economic climate. At this time, we're recommending that our customers review their investment portfolios--and take full advantage of the current weakening of the cost of gold and silver.
Contrary to tepid articles in the popular press, the economic climate simply can't get into its second wind because it is impacted by remarkable government deficit spending. Between 2009 and 2012, the government documented the biggest government budget deficits since 1946, according to a recent report by the Congressional Spending Plan Office. Federal debt held by the people is now 73 percent of the nation's GDP-a percentage higher than at any other time in the country's history, other than during a short spell in the second world war.
It's also twice the percentage since 2007, before the worldwide economic crisis was official--and before the new President, Barack Obama, decided that the solution was to load the quandary onto the backs of the American citizen through increased taxation. Then Obama discovered all sorts of socialistic tools to compound the problem, introducing a variety of new laws, such as Obamacare to bedevil business owners.
Because of this, CEOs and small-business owners still fear for the future and so remain conservative in committing their capital. Corporate earnings falter. A cascading effect is that few jobs are created and many more are cut. The next cascading effect is that consumers rein in their spending because of their own concerns about their financial future.
It's no surprise that Fed Chairman Ben Bernanke just recently decided against easing back on "quantitative easing"-- i.e., U.S. government investments of our very own bonds-a measure that has basically been keeping the United State's economy from collapsing.
All current efforts of economic reform are mere band aids. More monetary handwringing lies straight ahead. In fact the only sensible thing that you as an investor can do is invest in God's money--gold and silver have stood the test of time and they can offer you the only feasible protection from the economic disaster being enforced by Washington.
The bottom line is that a new period of trauma and turbulence is about to overtake the federal government and, along with it, the international economic climate. At this time, we're recommending that our customers review their investment portfolios--and take full advantage of the current weakening of the cost of gold and silver.
Contrary to tepid articles in the popular press, the economic climate simply can't get into its second wind because it is impacted by remarkable government deficit spending. Between 2009 and 2012, the government documented the biggest government budget deficits since 1946, according to a recent report by the Congressional Spending Plan Office. Federal debt held by the people is now 73 percent of the nation's GDP-a percentage higher than at any other time in the country's history, other than during a short spell in the second world war.
It's also twice the percentage since 2007, before the worldwide economic crisis was official--and before the new President, Barack Obama, decided that the solution was to load the quandary onto the backs of the American citizen through increased taxation. Then Obama discovered all sorts of socialistic tools to compound the problem, introducing a variety of new laws, such as Obamacare to bedevil business owners.
Because of this, CEOs and small-business owners still fear for the future and so remain conservative in committing their capital. Corporate earnings falter. A cascading effect is that few jobs are created and many more are cut. The next cascading effect is that consumers rein in their spending because of their own concerns about their financial future.
It's no surprise that Fed Chairman Ben Bernanke just recently decided against easing back on "quantitative easing"-- i.e., U.S. government investments of our very own bonds-a measure that has basically been keeping the United State's economy from collapsing.
All current efforts of economic reform are mere band aids. More monetary handwringing lies straight ahead. In fact the only sensible thing that you as an investor can do is invest in God's money--gold and silver have stood the test of time and they can offer you the only feasible protection from the economic disaster being enforced by Washington.
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