Tuesday, March 3, 2009
Let's look at what has happened since the last post. I've been busy doing year end reports for clients so have not had time to do a posting but they are all done so here goes. Our federal government is trying to solve a debt crisis by borrowing more money. Politicians always try to solve difficult issues by pushing it off to someone else; like our grandchildren. This just has to stop. Do you want to know how to protect yourself? Move to assets that can't be seen. Over the years, liberals have complained of greedy Wall Street types. For the sake of argument, let's give them that. I think all agree that greedy Wall Street types are not stupid. They are reacting to the stimulus plans like they contain plagues. Where is the money going? One significant place is gold and silver (platinum, too but not vocally). If you take delivery of the metal, it's invisible. If you buy anything other than the metal, you have visible assets that can be taxed, seized or otherwise lost. Witness the debacle in Argentina recently when the government appropriated (stole) the money in the retirement plans to raise some cash. Is it any wonder that people want bank secrecy somewhere? Obama has very Socialist leanings and ultimately will do the same thing. If you think I'm an alarmist and do nothing, you are shooting craps with your future. Take some steps to protect some assets. We are right now going through the same things that 1922 Germany did to shore up its currency. By November 1923, it took billions of marks to buy a loaf of bread. The continued creation of currency from thin air will cause unbelievable inflation in the near future. Next post will give more examples from history.
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