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.
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.
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.
It's no wonder then that Fed Chairman Ben Bernanke continues to push the throttle on "quantitative easing"-- i.e., U.S. government purchases of our own bonds-- that primarily has been keeping the country's economic situation from completely stalling.
Only a Band-Aid solution will come out of this. More financial handwringing lies straight ahead. And the only thing that you as an investor can do is invest in God's Money - gold and silver instruments that have stood the test of time and can give you the most isolation possible from the economic disaster being imposed 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.
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.
It's no wonder then that Fed Chairman Ben Bernanke continues to push the throttle on "quantitative easing"-- i.e., U.S. government purchases of our own bonds-- that primarily has been keeping the country's economic situation from completely stalling.
Only a Band-Aid solution will come out of this. More financial handwringing lies straight ahead. And the only thing that you as an investor can do is invest in God's Money - gold and silver instruments that have stood the test of time and can give you the most isolation possible from the economic disaster being imposed 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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