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Originally posted by crazydaisy
What! And Obama is going to spend 200 mil a day on this trip. To improve imports, give me a break!!
danielamerman.com...
The US is threatening inflation (naked QE-2) that will drive down the value
of its currency, making other nations unwilling to hold dollars,
and the lack of demand drops the value of the dollar relative to those nations'
currencies, with benefits passing through to US companies
that then hopefully revive the US economy -
albeit at a terrible cost to US savers, and older Americans in general....
This is no mere recession, and it is only massive government growth
that has kept the plausible deniability in place. In two years,
the government's share of the economy grew by 8%, from 35% to 43%.
Without this fundamental change in the economy - which destroys
the very basis of conventional stock market investing,
as explained in the linked article -danielamerman.com...
the US economy is in a collapse scenario.[...]
When it comes time for action, the simple and increasingly popular
solution is to pull all you can out of paper investments and symbolic
currencies, put them in gold, and hunker down to survive the storm that
is building in strength by the week.
Unfortunately, however, we live in a complex and deeply unfair world,
that makes mincemeat of emotional reactions and simple solutions.
As illustrated in step-by-step, easy to understand – but irrefutable –
detail in the article "Hidden Gold Taxes: The Secret Weapon Of Bankrupt
Governments" (linked below), a simple solution of just buying gold leaves
you handing a good chunk, or perhaps most of your starting net worth,
over to the government by the time all is said and done. The way
the government – under existing laws – effectively confiscates the wealth
of gold investors in a highly inflationary environment is little understood
by most gold investors,
[...]