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.
And the bottom line is that a new era of distressing turbulence is about to overtake the federal government and, along with it, the global economy. And we're recommending that our clients prepare their investment portfolios - and take advantage of the recent weakening of prices - by loading up on gold and silver.
The United States economic situation cannot shift into second gear because of the weight of the heavy federal deficit spending. In between 2009 and 2012, the federal government recorded the largest federal budget deficits since 1946, according to a recent report by the Congressional Budget Plan Office. Federal debt held by the people is now 73 percent of the economy's GDP-- a percent higher than at any other time in U.S. history apart from a brief period around World War II.
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 continue to be conventional in how they go about dedicating their capital. Business incomes are falling as labor is being scaled back. Additionally, customers are spending less as they fret over their own monetary concerns.
No wonder Fed Chairman Ben Bernanke recently decided against throttling back on the "quantitative easing" - i.e., U.S.-government purchases of our own bonds - that basically has been keeping the U.S. economy from completely stalling out again.
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.
And the bottom line is that a new era of distressing turbulence is about to overtake the federal government and, along with it, the global economy. And we're recommending that our clients prepare their investment portfolios - and take advantage of the recent weakening of prices - by loading up on gold and silver.
The United States economic situation cannot shift into second gear because of the weight of the heavy federal deficit spending. In between 2009 and 2012, the federal government recorded the largest federal budget deficits since 1946, according to a recent report by the Congressional Budget Plan Office. Federal debt held by the people is now 73 percent of the economy's GDP-- a percent higher than at any other time in U.S. history apart from a brief period around World War II.
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 continue to be conventional in how they go about dedicating their capital. Business incomes are falling as labor is being scaled back. Additionally, customers are spending less as they fret over their own monetary concerns.
No wonder Fed Chairman Ben Bernanke recently decided against throttling back on the "quantitative easing" - i.e., U.S.-government purchases of our own bonds - that basically has been keeping the U.S. economy from completely stalling out again.
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.
About the Author:
Learn more about precious metal investing. Stop by Anne Trimble's site where you can find out all about gold and silver and what it can do for you.
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