If I gave you a new car would it sway you to support my opinion? What if I made it possible to park your new car on a driveway that leads to your new 3000 sq. ft. home? Let’s take it a step further. What if the only thing I ask in return is a personal obligation to borrow at near zero interest along with a promise to pay it back. What if we overlook the promise to pay it back and convince the bank it’s their fault you borrowed so much and then ask them to forgive part of the loan’s principle? If I offered all this would you overlook my failures as an elected official?
Citizens of the world are on the verge of angry but not for the right reasons. Are we angry over fiscal mismanagement? Are we angry because those elected promise to represent fiscal restraint but never do? Are we angry because hope and change ended as nothing more than a catchy campaign slogan? The answer to all, “Not really.”
The world is on the verge of bubbling anger because our lifestyle consisting of “more” and “new” is ending. Most of us aren’t angry over fiscal insanity, must are angry because we want to extend “normal” and mad as hell that we can’t.
Will heads roll? You bet they will, but only after a great awakening? Let me thoroughly explain before we introduce gold into our equation of the day. Big Banks are soon to become public enemy number one, as they should. Politicians will deflect blame toward banks even though a few banking institutions control a politician’s future.
This redirect could keep some in power another term or two, at best. This blame leads the masses to ask why big banks can grow more profitable while the average person feels the ill effects of economic correction. But we weren’t angry the day the same bank handed us our new mortgage for the home we can no longer afford, right?
The same banks we are most angry with control around 60% of all U.S. wealth. I want you to connect the dots to really see why we accept fiscal insanity. Your retirement investment, at least most of it, depends on the big banks you have developed a hatred toward. The question is how could this have happened, I’m glad you asked?
Wall Street swims in decades of profit derived from bundled debt, YOUR DEBT. No one made us take on too much debt, we did it because we convinced ourselves we deserved it. Think of it like a distribution system. The distributor (banking institutions on Wall Street) needed more product to sell and you are the grower of this product (the product is debt).
In return, you get a new Harley, car, house, vacation, Vegas weekend, college degree, useless business expansion, etc. In return, politicians receive one more term to live a life of celebrity. What you might not know is the bank wins twofold since the cash you borrowed cost them almost nothing to lend. Then, Wall Street bundles this debt and sells it back to investors as a worthy investment based on nothing real or tangible. The bummer is your future hinges on one more sucker willing to buy this bundle of defaulting debt!
Why, why does the most prosperous country in the history of the world allow this? Because every dollar you don’t borrow is one the Federal Reserve has to create just to keep this illusion of an economy standing!
I need you to do something before I introduce silver and gold today. Please email this to everyone you remotely care about. We must encourage others to no longer accept fiscal insanity.
Nope, in all honesty, every one short of the choir is only angry because the carousel built from debt is now in monetary failure (correction). The next wave of anger is nothing close to the last wave of anger.
WHY GOLD & SILVER:
I wish I could say the scenario presented today is only true in the U.S. but this is not the case. Debt based economies are now systemic, if not epidemic, and we can look no further than Europe, or California, as the next leg up.
The word “recovery” is one we hear often but the true definition of recovery, at least this recovery, is progressiveness to believe something we ultimately realize as unsustainable is obtainable. Fiat currencies will no longer allow what life long academics refuse to recognize. Eventually, something real must be created, sold, and then profit saved to sustain a healthy growing economy.
I’m sorry, by now some readers want to find a deep hole, crawl in and then drag a flat rock over the opening. I have a better idea. You can’t singularly control the sins we’ve mentioned today, you realize this. What you can do is isolate your wealth, regardless of size or quantity, therefor removing it from the spoils of bad economic behavior.
This will surprise some but I too view precious metals as a silly investment.
Folks, this is more about timing than investing. Silver and gold will expose themselves as a life raft in white-capped waters. Silver and gold will shake this fiat system out over time.
I have no idea how long it will take and honestly not one honest person does either. I do feel transferring wealth into something historically proven as “real” is our best hope to not only weather this storm but prosper too. As for me, I’ll pick monetary history over academia. Real physical silver and gold.
EXAMINER –Peter Schiff: Next President Will Preside Over the Economic Collapse
On May 21st, Coast to Coast AM aired a special Financial Crisis show, with several different financial and economic analysts appearing during the four hour broadcast. During the second hour, investment advisor Peter Schiff appeared as a guest and laid out the inevitable path of America’s financial future.
Focusing primarily on our country’s debt, and the sustainability of the dollar to hold back inflation, Shiff predicted that no matter who wins the Presidency in November, that individual will be presiding over an economic crash that will make 2008 pale in comparison.
Later in the program, Peter Schiff was asked by the host if our politicians had the stomach to do what was necessary to bring our economic ship back on course. The proposed solutions to accomplish this entailed 20 years of dedicated austerity for the American people, and a paying off of the nearly $16 trillion in debt obligations by the government. His answer was a resounding no, as both politicians and the public are too bound by easy money, and the bureaucratic welfare state. A prime example of this was made when the subject turned to jobs in America, and how a record number of unemployed men were now applying for disability benefits since they were unable to find work in the economy. Read more here.
The Gold Standard Now: The Coming of the Gold Standard
America and the world need monetary reform. Indeed, they need a twenty-first century, international gold standard. The gold standard — i.e. national currency convertibility to gold — is the simple, proven, global monetary standard by which to transmit reliable price information worldwide. Unlike manipulated, floating, paper currencies, the true gold standard — a dollar defined in law as a specific weight of gold — exhibits the optimum, impartial, networking effects characteristic of the electronic age of reasonably transparent, global standards.
In an imperfect world, peopled by imperfect human beings, there can be no perfect monetary system. Nor is the case for gold the case for investment in gold. Based on a prudent consideration of monetary history, it is an argument from principle by which to establish the optimum monetary standard for a stable, growing economic and social order.
By the test of centuries, the true gold standard, without reserve currencies, is the least imperfect monetary system of history. Read it here.
Swiss America: Bread Lines or Buffet Line?
World economics are upstaging politics in 2012. Governments worldwide are seeking to make citizens feel “safe” by expanding entitlement programs, which require an ever-expanding, taxable population to pay for these programs. That math does not work in Europe and it won’t work in the U.S. Our political leaders are making promises they cannot keep.
It boils down to this question: Will you rely on government promises or become more self reliant? When the next crisis hits, your choice now may determine whether you stand in a bread line or a buffet line. Worth reading.