I had coffee with a friend today and was asked,” when do you think the housing market will rebound. By fall maybe?” I wanted to holler, WAKE UP the housing market isn’t coming back, the US is going to default on their debts and your “almighty” dollar isn’t worth the paper it is written on. America is slumbering and needs to come alive and realize what is happening to their country and their economy. We have enjoyed false prosperity for many years, borrowing from our children and grandchildren’s future and now it is time to face the proverbial music.
I also had to pleasure to speak to a gentleman in his late sixties who has saved and been wise with his retirement. He probably has a couple of million dollars put away for his retirement. He understands that social security is bankrupt and that he can’t count on it to maintain his and his wife’s lifestyle when he retires. However, all of his retirement is in US dollars. What is he to do? Invest in the Euro – certainly NOT! The European Union is in a similar crisis to the United States. With Greece having to implement “austerity measures” to ensure continued money from the Union their people are in an uproar. There are riots, violence and unrest nationwide as their population retaliates against the lifestyle changes necessary to begin a financial recovery. Combined with countries like Germany who don’t want to give any more money to Greece and their people’s dissatisfaction, they are in a catch 22. Let Greece fail, watch Spain, Ireland, Italy, and Portugal follow and what is left of Europe?
The United States is in a similar predicament. Continue printing money or default. No longer can we even afford the interest payments on our debt and our favorite “friend” China doesn’t want to help us out anymore. So what are our options? Print money to pay the interest on our debt or default. What would you do if you were in Washington and wanted your job back next election? You guessed it! So what are the repercussions of this money printing?
Really, what is the harm in printing money if it keeps our economy afloat? Well – let’s look at this from a normal household perspective. Our dollars must pay our houses, cars, utilities, and food. As the Fed prints more money, each dollar becomes watered down, it becomes worth less and less. So everything we try to buy with that dollar costs more, and this is called inflation. The average American is making less and it is costing more and more to live. Our food prices have skyrocketed and will continue to do so. The average American family can’t even afford to eat well, much less eat healthy. What are we to do?
If you have anything saved in retirement plans get OUT OF IT!!! Borrow against it and convert it to Gold or Silver. Silver has increased 560% in the last ten years and gold over 477%. These precious metals are cheap right now and will only increase in value. If the dollar tanks, and it will, this is your only hope. Don’t wait! Gold and silver are quiet right now. Not garnering anyone’s attention. It is summer, and historically they are stagnant in summer. They traditionally rise from September to April. Get on board now before they begin to move again. Most wise financial investors believe silver will be over $200/ ounce within the next couple of years. Guess what? It is in the low $30’s right now. This is a no-brainer folks, get on board now before you regret for generations to come being stuck in the defunct US dollar.
Now for those of you who say you “can’t afford” it. Sell anything you can, borrow against any savings or assets you have and get on board NOW. Do NOT wait. If you are reading this, this is your chance to act. Even in India, the poorest of the poor, find a way to invest in gold. Speaking of gold, if you can afford gold diversify and include both silver and gold coins in your asset protection plan. Diversify and protect your assets now. Be wise, see and understand the signs of the times and don’t stick your head in the sand. Hold it high and confidently knowing you made the right choices for the financial well being of your family!