Dec 302014
Our growing national debt is like being a passenger on the Titanic, and trying to change directions to do spending reform is almost impossible. We are going to crash. The citizen taxpayers of today and tomorrow are stuck with the bill and with ever increasing crushing debt obligations. We seem able only to watch helplessly as political leadership in Washington DC continues expanding government obligations — borrowing what they can and simply printing what they cannot. Each day more Americans understand the money bubble will burst, its coming. Our government is increasingly insolvent. The “global reserve dollar” is becoming less used for trade and “the Petrodollar” to be preferred less, and it may not survive at all. The Federal Reserve problem is delusional, they live in the world of dishonest money. FED officials are free to print as many dollars as they wish, the more they print the less purchasing power the dollar has. End the end, the purchasing power you had yesterday is not here today, that loss comes directly from your savings. Real money in the form of “metal-in-hand”, that is, physical precious metals, gold and sliver is a solution. Gold and sliver coins, bars, and rounds represent value that cannot be inflated away. In the long run, no other asset offers the same track record — particularly during turbulent times. Families who save using private, portable, and enduring gold and sliver have been passing wealth from one generation to the next for literally thousands of years. History shows, investments in precious metals do more than simply hold value; they produced real profits. We are likely living in the next of these periods now. Inflation is a worldwide phenomenon forcing entire populations to look for alternatives to the paper in their wallets. “What’s in your wallet”. As more and more people turn to real money, gold and silver, personal purchasing power will rise – it will be amazing — as people bid more aggressively for available stocks. Now is a particularly opportune time for wise people to invest in themselves and buy physical gold and silver coins and bars — both for protection and profit. In every instance of fiat currency collapse, throughout history, gold and silver immediately became “the money”. Why, for the time being, you can exchange your paper currency for real money, gold and silver, by making a simple and direct purchase. A person with (more…)
Dec 182014
Submitted by John Rubino via Dollar Collapse blog, To say that gold is in a bear market is to misunderstand both gold and markets. Gold isn’t an investment that goes up and down. It is money in the most basic store-of-value sense. Most of the time it just sits there, and when its price changes in local currency terms that says more about the local currency than about gold. But when currencies collapse, gold shines. Consider the above from the point of view of a typical Russian. The ruble is tanking (no need to understand why — all fiat currencies go this way eventually and the proximate cause is almost irrelevant). Russians who trusted their government and kept their savings in, say, a bank account, are losing their shirts. But those who own boring, doesn’t-pay-interest, in-a-bear-market gold have seen their capital appreciate in local currency terms by about 60 percent in just the past month. They’re not “making money,” but they are preserving wealth. This is how it has gone always and everywhere when governments have destroyed their currencies. In the Roman Empire, revolutionary France, revolutionary America, most of Latin America in the 20th century, and now big parts of the developing world, local currencies evaporate but gold just sits there, buying the same amount of stuff as ever, impervious to the games governments play. It won’t be long before this chart is replicated in a whole lot of other places. But by then it will be too late to prepare. The gold will be gone and those who trusted their governments will have to make do with promises. Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)