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.
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.
And it is two times the percentage at the end of 2007, prior to the worldwide monetary crisis-- and before the "remedy" imposed by the brand-new president, Barack Obama, who basically decided to load the trouble onto the backs of the American citizen through vigorous taxation. The President then found all kind of socialistic tools that he liked, each adding new layers of legislature, such as Obamacare, a new burden for entrepreneurs.
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.
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.
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.
And it is two times the percentage at the end of 2007, prior to the worldwide monetary crisis-- and before the "remedy" imposed by the brand-new president, Barack Obama, who basically decided to load the trouble onto the backs of the American citizen through vigorous taxation. The President then found all kind of socialistic tools that he liked, each adding new layers of legislature, such as Obamacare, a new burden for entrepreneurs.
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.
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.
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Want to find out more about precious metal investing, then visit Anne Trimble's site on how to buy gold and silver.
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