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.
Looking ahead, it's clear that a new wave of chaos is about to overtake the federal government and the global economic climate. As per our usual advice, we're recommending that our clients revamp their investment portfolios-- and capitalize on the recent weakening of rates in 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.
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 so remain conservative in committing their capital. Corporate earnings falter. A cascading effect is that few jobs are created and many more are cut. The next cascading effect is that consumers rein in their spending because of their own concerns about their financial future.
It's no surprise that Fed Chairman Ben Bernanke just recently decided against easing back on "quantitative easing"-- i.e., U.S. government investments of our very own bonds-a measure that has basically been keeping the United State's economy from collapsing.
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.
Looking ahead, it's clear that a new wave of chaos is about to overtake the federal government and the global economic climate. As per our usual advice, we're recommending that our clients revamp their investment portfolios-- and capitalize on the recent weakening of rates in 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.
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 so remain conservative in committing their capital. Corporate earnings falter. A cascading effect is that few jobs are created and many more are cut. The next cascading effect is that consumers rein in their spending because of their own concerns about their financial future.
It's no surprise that Fed Chairman Ben Bernanke just recently decided against easing back on "quantitative easing"-- i.e., U.S. government investments of our very own bonds-a measure that has basically been keeping the United State's economy from collapsing.
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.
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