We are still on the precipice of a cliff, and it's going to be a long, hard fall
Who do President Obama and Speaker of the House John Boehner think they're fooling? A measly $1 in cuts for every $41 in tax increases? And those so-called "cuts" ... you and I both know they're nothing of the kind; they're just scaling back the intention to spend more in the future. So as our leaders are telling us, "We worked hard and hammered out a deal, so calm down, move along, nothing to see here" ... don't be fooled! We are still on the precipice of a cliff, and it's going to be a long, hard fall. Because here's the thing ... At this point, any deal they've reached is pretty much irrelevant. The annual deficit is over a trillion dollars. Yet they say it would be too "draconian" to cut $250 billion from the (non-existent) federal budget. They're claiming that reducing overspending by about 25% would be disastrous. (Try running your household budget that way and see what happens.) Given their state of denial, the fiscal cliff may have been the better option. It's akin to amputating a limb fast, with a sharp axe, versus sawing it off real slow with a dull knife. Either way, the pain is real, and the injury will be crippling -- to you, to me, and to every honest, hard-working American. The 16 trillion dollar national debt, along with the annual deficits that are running over a trillion per year, will force the government into killing what little value is left of the dollar. It won't be long now: soon, the U.S. dollar will be toast. In the 100 years since the Federal Reserve was first created, the U.S. dollar has lost, literally, 95% of its purchasing power. The misery index will climb. The average middle class American family will pay thousands more in federal income tax. Unemployment benefits will be cut off for millions. Consumer spending will plummet ... businesses everywhere will feel the pinch as their revenues go down ... job losses will mount ... and thus the downward spiral will continue. That's because the government, at this point, really has only two choices. Choice #1: let everything collapse, let the chips fall where they may, and then try and rebuild from the ground up. (But they'll never do that. They don't have the cajones. They're far too worried about getting reelected.) Choice #2: Really, the only choice if they want to preserve their power -- is to print more money to pay off their debt. And that is the death knell for the dollar. The only kind of money that really holds its value A hundred years ago, the year the Federal Reserve was born, an ounce of gold -- the equivalent of $19 at the time -- would buy a top-of-the-line men's custom tailored suit. What does $19 get you today? A 6-pack of men's polyester socks from a big box store (made in China). If you want the same quality suit that an ounce of gold would buy you 100 years ago, you have to spend about $1600 today ... which is, no surprise, about what an ounce of gold costs today. See what I mean about the dollar losing 95% of its value? Here's the most important lesson to be gleaned right now, if you want to preserve your wealth and protect your family in the tough times ahead: Gold does not lose its value. And that fiscal cliff? It's irrelevant. It's too
late. Why? Because as they're standing on the edge (with all of us right behind them, hoping they'll keep us from plunging over), the ground is crumbling under their ... under our ... feet. Everything is going to come tumbling down. Got your parachute? The only "parachute" with a track record of stability for over 1000 years If there were ever a time to own gold, surely now is the time. Gold has been recognized for millennia as a substance with inherent worth ... it's been the backbone of stable currencies in centuries past ... and has saved the lives of millions throughout millennia as it was traded for food, for transportation ... and for anything and everything that helped people to survive and even thrive. Advertisement Another gov't blunder you can capitalize on Right now, a group of banks in the U.S. are finding themselves in
possession of a certain type of government-created silver coin, which
does not normally circulate in the general population... Unfortunately, gold is also one of those emotional, fear-driven purchases that can drive people to do stupid things -- like pay too much for it, or buy the wrong kind. That's why, in a climate of economic uncertainty, finger pointing, and fear mongering, you want to make sure cooler heads prevail. Should you buy gold? Probably. It's my opinion that everyone should have a little gold, even if it's what I refer to as "end of the world gold" ... gold that you hope never to use. Gold that you hope to pass on to your children because you don't need it ... and that they can pass on to their children because they never need it ... but knowing it's there, just in case. Gold isn't something that most of us buy a lot of. In fact, most of
us will shop for a car more often in our lives than we'll shop for gold.
The sad fact is that, all too often, gold dealers and financial advisors provide misleading, incomplete, and even bad direction to well-meaning folks who simply want to protect themselves against a dollar default. And that's precisely why we commissioned this must-have publication, The Gold Buyer's Survival Manual: How to Buy Gold Without Getting Ripped Off. This book reveals:
And, of course, since in these days of Big Brother, privacy is paramount, this book also shows you how to buy gold so that you stay "under the radar." There's still time to get your ducks in a row ... or, I should say, time to strap on that parachute before we go over that cliff. Click here now to order your copy of The Gold Buyer's Survival Manual: How to Buy Gold Without Getting Ripped Off. Sincerely, P.S. There's absolutely no risk to you when you order this must-have manual ... because if you are not satisfied for any reason, you can return it within 6 months for a full refund. No hassle, no questions asked! © 2012 Off The Grid News Subscribe to the Off The Grid Newsletter! http://www.offthegridnews.com |