It was a slow summer season for the economy of the United States in a number of way, most of them affecting us in an adverse way. However, we can soon expect the economic action to be quick and furious in Washington, D.C., and this article is to inform Americans about what will likely take place.
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.
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.
Due to these events, CEOs and small-business owners still fear for the future and so continue to be conservative in committing their capital. Corporate incomes falter. A cascading result is that fewer jobs are made available and many more are cut. The result is that consumers rein in their spending due to their very own issues concerning their monetary future.
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.
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.
Due to these events, CEOs and small-business owners still fear for the future and so continue to be conservative in committing their capital. Corporate incomes falter. A cascading result is that fewer jobs are made available and many more are cut. The result is that consumers rein in their spending due to their very own issues concerning their monetary future.
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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