Elected officials around the world are in the process of making me very wealthy. Each precious metal fan should view this as the reward for staying true to the one true safe haven. I’ll be honest here, I don’t give a rat’s behind about politics since regardless what’s said, actions rarely favor the few pulling the wagon. My only interest is how political miscues affect those trying to raise families and live productive lives. Regardless, if you’re one of a hundred sitting on physical metal than prepare to soon enter the highest tax bracket.
Some of us did not buy silver or gold to become wealthy, I didn’t. Sure having real money is nice but at day’s end the papers are full of unhappy wealthy. The primary benefit of owning real wealth (silver or gold) is the insulation value it provides while knuckleheads decide how much debt shackles your child’s future.
Today’s candidates drum a recovering economy but fail to mention our economy is dependent on near zero interest rates and never-ending borrowing. I find it funny that super committees pass off trying to reduce the deficit still growing, how is this possible? Don’t we need to stop the bleeding before all else. The truth is we cannot stop deficit bleeding. If we could we would!
I find it odd that some in society view food, power, water storage and self-reliance as overreacting when history clearly justifies such prudence considering the length of our USD fiat reign. Our age of “assuming” life as normal is turning dangerous in my opinion.
Political leaders are making two gigantic mistakes as you read this post (both will eventually push metal prices higher than most view as possible).
It is rumored 83% of the US Senate & House of Representatives are male, I seriously doubt this is true. Please don’t mistake this as a sexist statement because my only point is to question the anatomical strength of today’s male politician. The first mistake soon to drive your net worth skyward is an unwillingness to admit the USD can no longer sustain the world’s lifestyle (make no mistake, the USD is the cure and disease).
This requires all sharing public office, at all levels we should add, to honestly explain why we can no longer borrow $.40 of every dollar spent. Yes, this will cause chaos and discontent, how can it not? But will hyper inflating our dollar not lead to a life like camping?
Do you feel the average politician underestimates the character of hard-working folks around the world, I do? An explanation of “why” we are where we are and “how” shared pain will allow future generations more opportunity is something most reasonable folks will grasp. The ones only concerned with themselves will fall lockstep, eventually, since they are destined to a life of dependency regardless.
Think about this if you will. The upcoming “pain” worsens with decades of deficit spending allowing most to live an unrealistic lifestyle. This deficit spending allows wars to rage, bubbles to expand and pop, and a USD dominance built from debt and inflation. Not to mention the few who grow richer at the expense of so many others.
Part of living a life of political integrity requires ones in control to separate from those most motivated by wealth. This is proving difficult, maybe impossible, since Wall Street now singularly drives political leaders around the world. It could appear your best interest is in mind but comparably speaking you and I are small players when compared to the handful controlling wealth.
This failure to separate is what leads us to a common four words we all know too well, Too Big To Fail. Does is make sense that a banking entity can be too big to fail? How is possible we are willing to bankrupt America to save a handful of institutions TBTF? This defeats the purpose, right? TBTF is nothing more than an excuse for political favors in exchange for one more term.
Yes I realize your retirement (not mine) entrusted to the TBTFs and politicians use this as excuse to continue the bailout party. But each of us must carefully review our options here since the alternative to fiscal responsibility is eventual inflation that gobbles a typical pension allowance with only a handful of groceries. This “alternative” is now a $16 trillion deficit on cue to reach $21 trillion in an evolutionary blink. My point, everyone will eventually share the pain of today’s individual and political sins!
What about gold & silver owners?
My book editor didn’t like my Introduction to Why Silver & Gold Will Go Higher and I’m forever grateful she encouraged me to rewrite. To be honest I changed the intro to one of opportunity over despair. My heart is torn as a gold holder since I realize my individual monetary protection is not worth the overall pain of a collapsed dollar. This monetary understanding allows us a peek into the future.
The monetary sins coming from D.C. and Wall Street are far-reaching and will cause generational pain, this I’m sure of. Since you are fortunate to still have a choice I strongly advise each reader to take a proactive approach to self-reliance and then make a political stand at a local level. You will be surprised how many feel exactly like us.