- This is in answer to:
- Bailout shmailout! What this country needs is... See all answers
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- March 5, 2009 by Investinginmetals
- would set this country straight
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What we need is first off to not even make this stimulus package. I mean our national debt will be over 60 trillion dollars for those who do not understand this that means that it would take YOU spending 1,000,000 dollar PER DAY it would take you 160,000 YEARS not days to meet our national debt!!!! I mean come on you don't get out of debt by spending more! Just give it time trust me your taxes will increase and inflation will take place! I'm 18 and to be honest i don't wont to pay outstanding taxes for the rest of my life! I work aready and taxes kill me! Try earning mininum wage and not haveing that much time because your always at the school. It suck's big time. Then my future kids and there kids will be paying for this. I'm HIGHLY against this Bailout! We needed to jus let it ride so to say because as my economics teacher says decomercy will always correct its self.

if you haven't become acquainted with ron paul, don harrold, rick santelli, and the austrian school of economics, now might be a good time
Thanks for following me and keep up the good work! I look forward to more of your posts.
Michael Alton Davies was just born at Northwestern Memorial Hospital in downtown Chicago.
He weighs 7 pounds and 10 ounces. He is only minutes old. And yet, he is already saddled with a humongous debt.
Believe it or not, Michael was born into debt. . . and he owes almost $250,000!
His birth did not require special, expensive care. And he didn't inherit any debt from his parents or other family members.
No, there is actually nothing special at all about Michael's debt situation. He is not alone.
You see, young Michael — and every other citizen of the United States — will be responsible for paying the tab on a growing $70 trillion debt.
To pay back this debt at $1,000,000 per day would take 191,780 years! And that's just what we as Americans owe today!
This debt has put the United States in an extremely perilous situation, especially right now with the global economic recession. Nevertheless, there's a bright, silver lining to this ominous cloud of debt. That's because...The shear size of this debt guarantees economic conditions that will allow informed investors to reap massive profits.
Let me explain. It's all part of. . .
The Great American Debt Machine
The U.S. Government has mastered the magician's art of illusion.
They've become experts in crafting a distortion of reality. Namely, the American government has found a way to cover up 85% of the nation's actual debt! Here's what I'm talking about. . .
The Feds essentially keep two sets of books that make up America's debt portfolio.
The first set of of books is the widely publicized "National Public Debt."The National Public Debt is currently over $11 trillion and is climbing at a rate of almost $4 billion per day.
This is the figure that's quoted in the evening news and on the famous U.S. National Debt Clock in Manhattan. In the past century, this debt has skyrocketed nearly 400,000%.
But the National Public Debt doesn't even come close to telling half of the story. The U.S. Government Is Another $60 Trillion in the Hole!
You see, the U.S. government doesn't classify future financial responsibilities — such as social security, government-sponsored health care, and other contractual obligations — as "public debt." And it's with this simple act of reclassification that the Feds have been able to shield the American public from the truth about the country's actual debt position.
Nevertheless, calculations suggest that such financial obligations will no doubt cost the American taxpayers roughly $60 trillion!
This debt is no secret among Washington insiders, nor is the fact that the government is trying to hide it. In fact, David Walker, the former U.S. Comptroller General and the nation's top accountant between 1998 and 2008 said, "As the federal official who signs the audit report on the government's financial statements, it is apparent that our government's financial condition is far worse than advertised."
Walker has also said, "Current federal financial reporting and budgeting provides policymakers and the public with an incomplete and even misleading picture."
Add it all up, and the United States government is on the line for almost $70 trillion in total financial obligations, including public debt.
And like I said, that's just what we owe today! Check this out. . .
The U.S. Government Accountability Office released a new report a few weeks ago called "The Federal Government's Financial Health." In this report, the GAO reported an expected increase in National Public Debt of over 500% within the next several decades!
Take a look at the U.S. GAO's projections. . . and remember this is the U.S. government's own estimates. . . A similar move in the nation's actual debt — that's the National Public Debt plus all other fiscal responsibilities — would result in a total financial obligation of over $550 trillion!
That's over $1.8 million that would be owed for every American citizen today!
It's time to. . .
Get Your Checkbook Out!
America's $70 trillion debt works out to about $500,000 per working American and is literally enough money to start your own country. . . maybe two. Heck, you might even have enough cash left over to fund a war between the two.
As a result of this massive financial obligation, every American child is born into debt owing nearly a quarter million dollars!
The interest on that debt alone is going to cost almost twice as much as educating the child!
Now, forget about trying to assign blame to the Democrats or Republicans because this whole mess really got started back in the 1970s, and both parties are guilty, guilty, guilty.
Besides, we can't change the past, despite how much we'd like to, sometimes. However, we can use this information to protect our financial future, and even reap substantial investment returns. And here's how to do that while the U.S. government's accountants. . .
Face the Music
America has been drunk on borrowed money over the past several decades. And now it's starting to catch up with us like a bad hangover.
The result of this massive construction of debt has been directly reflected in the currency markets.
And this escalation of debt is exactly why the value of the U.S. dollar has fallen as much as 42% since 2001.
As a result of the devaluation of the greenback, and continuation of rising debt, countries around the world are now starting to seriously consider ditching the U.S. dollar as the world's main reserve currency.
In fact, the Chinese government just came out a few days ago and proposed replacing the U.S. dollar as the world's dominant reserve currency with a new "international reserve currency."An actual shift in reserve currency power would send the value of the U.S. dollar spiraling down. . . quite likely crashing to all-time lows.
This great devaluation of the U.S. dollar is generally negative for investment markets across the board. But as I mentioned just a second ago, an informed investor has a huge advantage over their competitors and can use this information to profit greatly. But more on that in just a second.
The replacement of the dollar as the world's main reserve currency is not as alarmist or as far-fetched as it may sound.
In fact, the U.S. Secretary of the Treasury Timothy Geithner responded to China's proposal by saying he was "quite open" to its suggestion to displace the U.S. dollar.
Other economists have suggested that the Euro may take over the lead reserve currency position.
Former Federal Reserve Chairman Alan Greenspan gave his opinion in September 2007, saying that it is "absolutely conceivable that the euro will replace the dollar as reserve currency, or will be traded as an equally important reserve currency."
Either way, it seems imminent that the value of the U.S. dollar is headed further south as the U.S. government will be forced to print more money to pay off this debt.
The good news is that it's not too late to protect your financial well-being from the falling dollar and return a significant profit at the same time. All you need to know is. . .
The Best Way to Profit from the Devaluation of the U.S. Dollar
After several months of searching, I've found two of the best U.S. dollar short positions. And they work as simple as this. . .
Every time the U.S. dollar goes down, these two investment positions go up.
But here's what makes these two investment vehicles special. . .
Both of these positions are leveraged, which means that every time the U.S. dollar goes down, the return on your investment increases by a multiple.
Now, the mainstream financial media hates these investment vehicles, and you'll never hear about them on CNBC or BNN. That's because the financial media has corporate masters that rely on the strength of the U.S. dollar to expand business.
They try to sweep the truth about the continuing decline of the U.S. dollar under the rug. But sooner or later they'll have to face the music. And everyone with assets denominated in U.S. dollars will be negatively affected to some extent.
As I mentioned just a minute ago, the value of the U.S. dollar has already fallen quite significantly over the past several years.
But the market gods are offering a second chance to take advantage of the falling U.S. dollar. That's because. . .
Over the past several months, the U.S. dollar has had significant strength as governments, central banks, and large financial institutions have been acquiring the greenback as a hedge against their own, presumably less-stable currencies in the face of the global recession/depression.
But everyday more and more people around the world are starting to recognize the once great U.S. dollar as what it has become. . . an IOU for nothing!
Wait, scratch that.
The U.S. dollar is an IOU for less than nothing. . . it's an IOU for DEBT!
How to Protect Against and Profit from a Falling U.S. Dollar
The U.S. government is limited in how much it can raise taxes. So it will be forced to create new money to pay off its $70 trillion financial obligation. This inflationary pressure virtually guarantees the continuing decline of the U.S. dollar. And now that the greenback has had some strength, there's never been a better time to go short on the U.S. dollar.
I have recently added the two leveraged U.S. dollar short investment positions to my 2009 Secret Stock Files Investment Strategy Portfolio. And I want to share them with you today, so that you too can protect your future financial well-being and profit from the continuing decline of the U.S. dollar.
If you're interested in learning more about these two investment vehicles, just keep reading.
U.S. National DebtThe 20 Biggest Holders of U.S. National Public DebtBy Luke BurgessTuesday, April 7th, 2009
The U.S. National Public Debt is now over $11.2 trillion. And it's climbing at a rate of $2.7 million per minute!
By the time you are done reading this article, the U.S. National Public Debt will have climbed over $20 million. And Uncle Sam is running up this tab with ever-increasing speed.
In the past five months alone, the U.S. government has increased National Public Debt by $1 trillion. It has been the fastest jump in U.S. history.
It took the American government a full 191 years (from 1791 until 1982) to rack up its first trillion dollars in national debt. The second and third trillions got on the scoreboard much more quickly. . . each within just four years.
By the time George W. Bush was inaugurated as President in 2001, the National Public Debt stood at $5.7 trillion. The Bush Administration increased Public Debt by almost $4.9 trillion. Under his authority, Bush increased National Public Debt faster than nearly all of his predecessors combined.What is U.S. National Pubic Debt? U.S. National Public Debt comprises Debt Held by the Public and Intragovernmental Holdings.
The Debt Held by the Public is all federal debt held by individuals, corporations, state or local governments, foreign governments, and other entities outside the United States Government less Federal Financing Bank securities. Types of securities held by the public include Treasury Bills, Notes, Bonds, TIPS, United States Savings Bonds, and State and Local Government Series securities.
Intragovernmental Holdings are Government Account Series securities held by Government trust funds, revolving funds, and special funds; and Federal Financing Bank securities. A small amount of marketable securities are held by government accounts. But I'm not just picking on Bush and the Republicans. . . National Debt stood at $10.6 trillion on the day Barrack Obama took office. But if his budget projections are accurate, President Obama's administration will run up nearly as much national debt in four years as Bush did in eight. In fact, during the eleven weeks since Obama took office, the National Public Debt has increased almost $600 billion.
And the federal budget he unveiled in February projects even faster increases in the National Public Debt. It is estimated that Public Debt will rise to almost $13 trillion by the end of the fiscal year on September 30th.
The hundreds of billions of dollars being spent as part of the federal bailout of the financial markets is a leading factor in the rapid increase in government debt.
And as the U.S. government spends an unprecedented amount of money to fix the nation's economy, there is a need to raise the cash to pay for it.
This can only be accomplished by raising taxes, which is an very unpopular option, or through borrowing whereby America sells U.S. Treasury securities of varying maturity.
For investors, U.S. government bills, notes, and bonds are considered a safe financial product with AAA ratings from agencies such as Moody's, Standard & Poor's, and Fitch. These credit rating agencies assume a guaranteed rate of return based on the "full faith and credit of the United States."
The federal government has been partially funding operations via Treasury debt securities for decades. This borrowing adds to the National Public Debt. Much of that debt is held by private sector, but about 40% is held by public entities, including parts of the government.
Here are the 20 biggest holders of U.S. government debt. . .Advertisement
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20. Republic of Ireland — $50 Billion
As a country with just 4.2 million citizens, Ireland currently holds $50 billion in U.S. government debt. Between January 2008 and January 2009, Ireland increased its holding of American debt by 221%.
19. Germany — $56 Billion
Germany is a member of the United Nations (UN), North Atlantic Treaty Organization (NATO), Group of Eight (G8), and Organization for Economic Co-operation and Development (OECD). It is a major economic power with the world's third largest economy by nominal GDP and the fifth largest in purchasing power parity. Germany is the world's largest exporter and second largest importer of goods. The central European country controls $56 billion in U.S. Treasuries.
18. Switzerland — $62 Billion
The neutral, landlocked, alpine country, which hosts many international organizations including the Red Cross and World Trade Organization (WTO), owns just over $62 billion in U.S. debt.
17. Hong Kong — $72 Billion
Renowned for its expansive skyline and natural setting, Hong Kong holds about $72 billion in U.S. government debt. Hong Kong is one of the world's leading financial capitals, a major business and cultural hub, and maintains a highly-developed capitalist economy.
16. Taiwan — $73 Billion
As another advanced, high-income Southeast Asian economy, Taiwan owns about $73 billion in U.S. Treasuries. The country's technology industry plays a key role in the global economy, as Taiwanese companies manufacture a giant portion of the world's consumer electronics.
15. Luxembourg — $87 Billion
With a population of less than 500,000, Luxembourg owns over $87 billion in American debt. The tiny country is a founding member of the European Union (EU), NATO, UN, Benelux, and the Western European Union, reflecting a political consensus in favor of economic, political, and military integration.
14. Depository Institutions — $107 Billion
According to the Federal Reserve Board of Governors, depository institutions, such as commercial banks, savings banks, and credit unions, hold over $107 billion in government debt.
13. Russia — $120 Billion
Russia is the largest country in the world, covering more than an eighth of the Earth's land area. With 142 million people, it is the ninth largest by population. The transcontinental country currently holds about $120 billion in U.S. debt. This figure increased 240% between January 2008 and January 2009.
12. United Kingdom — $124 Billion
Britain was the world's first industrialized country and the world's foremost power during the 19th and early 20th centuries. Today, the United Kingdom currently holds $124 billion in U.S. debt securities and has the fifth largest economy in the world by nominal GDP.
11. Insurance Companies — $126 Billion
The Federal Reserve Board of Governors lists insurance companies as holding $126 billion in Treasury securities. This group includes property-casualty and life insurance firms.
10. Brazil — $134 Billion
Brazil is the fifth largest country in the world by geographical area, occupying nearly half of South America, and the fifth most populous country. The South American economic giant holds $134 billion in U.S. debt.
9. Caribbean Banking Centers — $177 Billion
The U.S. Treasury identifies the Bahamas, Bermuda, the Cayman Islands, the Netherlands Antilles, Panama, and the British Virgin Islands as holding $177 billion in American debt.
8. Oil Exporters — $186 Billion
Included in the group of oil exporters are Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, Algeria, Gabon, Libya, and Nigeria. The group combines for a total of approximately $187 billion held in U.S. government debt.
7. Other Investors — $413 Billion
This diverse group includes individuals, government-sponsored enterprises, brokers and dealers, bank personal trusts, estates, and both corporate and non-corporate businesses for a total of $413 billion held in U.S. national debt.
6. Pension Funds — $456 Billion
Pension funds control large amounts of cash, which is reserved for personal retirements, and are therefore obligated to make relatively safe investments, such as U.S. Treasury securities. This group includes both private and local government pension funds, totaling over $456 billion.
5. State and Local Governments — $523 Billion
State and local governments hold over a half-trillion dollars in U.S. Treasuries. The level of investment has remained very stable over the past three years, moving within the range of $517 billion and $550 billion from 2006 to 2009.
4. Japan — $635 Billion
As another major U.S. trade partner, the archipelago country of Japan holds a huge amount of America's debt with a stunning $635 billion. Japan has the world's second largest economy by nominal GDP and the third largest in purchasing power parity.
3. Mainland China — $740 Billion
The economy of Mainland China is the second largest in the world after that of the United States with a GDP of almost $8 trillion by purchasing power parity. China has been the fastest-growing major nation for the past quarter of a century with an average annual GDP growth rate above 10%. As one of the world's continuous civilizations, consisting of states and cultures dating back more than six millennia, China now controls approximately $740 billion in U.S. debt.
2. Mutual Funds — $769 Billion
Mutual funds hold the second largest amount of American debt compared to any other group. Including money market funds, mutual funds, and closed-end funds, this group of investments manages approximately $769 billion of U.S. Treasury securities.
1. The Federal Reserve and U.S. Intragovernmental Holdings — $4,806 Billion
This probably comes to you as no surprise. The largest holder of U.S. government debt is the privately-owned Federal Reserve. The Federal Reserve system of banks and other U.S. intragovernmental holdings accounts for a stunning $4.8 trillion in U.S. Treasury debt. And with recent announcements from the Fed, another potential $1 trillion may be added to its balance sheet. All this debt has put the United States economy and the U.S. dollar in a perilous situation, especially with the global economic recession right now.
Historically, currencies were backed by precious metals. But in the current scheme of fiat money, the U.S. government is free to print all the money it wants. Consequently, the government cannot technically go bankrupt as any debtor nation can just issue more money through a practice known as seigniorage.
However, a gross imbalance between the amount of new money being brought into circulation and the amount of economic goods represented by an economy is an unstable situation that can lead to hyperinflation.
Nevertheless, there is a silver lining to this ominous cloud of debt. That's because. . .
The shear size of this debt guarantees economic conditions that will allow informed investors to reap massive profits.
I've already taken up a lot of your time today. But if you're interested in learning the whole truth about the debt of the United States, and how to profit from it, please keep reading here. Good Investing,
Financial Crisis InvestingThe 10 Best Investments During a Financial CrisisBy Greg McCoachMonday, March 30th, 2009As I travel around the country right now, meeting and talking to fellow investors, I encounter the same question over and over. . .
"How do I invest during this financial crisis?"
Of course there's no easy answer to this question. That's simply because we just don't know how bad things will get. And while we are hoping for the best, we'd be foolish not to prepare for the worst. With this in mind, I have created a list of ten of the best investments you can make in preparation for the worst. But as you'll see in just a minute, many of these investments are not financial instruments that will return money. Rather, they are investments that will create other benefits in the future, such as security. Financial Crisis InvestingTen Best Ways to Invest During a Financial Crisis1. Lower or Eliminate Any DebtSeems obvious, but it bears repeating. The less debt you have in times of financial turmoil, the better off you will be. Large debt will be like a millstone around your neck as you're trying to tread water in a very deep lake. Make the decision to pay off any and all debts as quickly as possible. Then, consider never getting back into debt. Do not live beyond your means. Practice moderation. Despite what the media says, you do not need a luxury automobile, designer clothing, or expensive jewelry to be happy. Debt should only be used in the most dire of situations.2. Use Cash Effectively NowLook to use cash as effectively as possible over the next 12 months before major inflationary forces kick in and destroy the purchasing power of your money, especially if you live in the United States. For each individual this is going to mean different things. But overall you should ask yourself the question, "What is the most effective use of this cash right now while prices are still low and the purchasing power of money is still relatively high?" 3. Put Together a Food StorageMedia won't touch this with a 10-foot pole, but the time of easily accessible food at cheap prices may soon be over. The supply disruptions that always attend hyper-inflationary events have the possibility to cause major problems and shortages. It's best to plan ahead by putting together a food storage of items that store well for a long time, such as canned goods, freeze-dried foods, vacuum-packed food, etc. 4. Get a Safe Haven LocationIf things get bad enough, major cities and densely populated areas may experience civil unrest on a scale we have never seen in America. Look at the scenarios painted by Gerald Celente, who says that within the next four years, America will see food riots, tax revolts, job marches, and millions of homeless. Or, consider the social anarchy that took place in the wake of Hurricane Katrina. It doesn't take much to set off unrest. And what good is our money going to do us if we don't have a safe place to live until civil order can be restored? You may want to consider purchasing a small cabin in the mountains or a retreat area with like-minded people. You may have relatives who already have such a place. Think through this issue and stock it up ahead of time.
5. Own the Physical Precious Metals and Quality Mining SharesTaking physical possession of gold and silver bullion coins and bars is essential to surviving any crisis. History has clearly shown that those who held the physical metals during times of economic turmoil and displacement fared much better than those who didn't. Make sure you own the gold and silver coins of the country you live in. If you live in Canada, then make sure you own the Canadian Gold and Silver Maple Leafs. If you are an American, then own the Gold and Silver Eagles. If you only can afford a small amount of metals, then you should own the silver coins first. Bars are cheaper to buy then coins, but coins such as the Eagles and Maple Leafs will be highly recognizable and more useful for purchasing or bartering for items you may need. Also, adding quality precious metals mining shares can greatly increase the leverage of your gold and silver portfolio, but they should be carefully selected. The combination of owning physical precious metals and mining shares will go a long way towards protecting your hard-earned savings from the ravages of the coming horrific inflation. If you can only afford one of these two suggestions, then you should stick with the physical metals.
6. Consider Buying a GunRegardless of your personal views on gun ownership, not having a gun when trouble comes could mean the difference between life and death. A good all-around pistol would be a 9MM or .45 caliber hand gun. You may also want to consider a defensive-type shotgun such as a Mossberg 500 or a high-powered, semi-automatic rifle, such as an AR-15, which I think is the best choice for defense. A semi-automatic rifle is more powerful than any handgun, and has a higher round capacity and longer range capability than a shotgun or pistol. It's also important to make sure you have at least several hundred rounds of ammunition, along with multiple magazines. The last weapon that you may want to consider is a hunting rifle. The most important thing about owning a gun is knowing how to use it. And practice makes perfect. So, I urge you to consider buying a gun, and practice frequently at a range until you are comfortable using it.Advertisement
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7. Think Globally with Your MoneyThe more money you have in a crisis environment, the bigger problem you'll have trying to protect it. Business as usual is simply not going to work. Keeping your money in U.S. dollars inside the United States looks like it will be a disaster at some point. You should consider legally getting some of your money outside the country. While this strategy can get somewhat complicated, it may be prudent for those with a large enough net worth to spend the time and money doing so. For smaller-net worth individuals this would not be necessary, but you could keep some money in other currencies such as the Canada's, Hong Kong's, or Singapore's. In the end, though, I think physical holdings of gold and silver will be the ultimate safe haven currencies compared to anything else the world has to offer.
8. Find Other Like-Minded PeopleNo single person is an island unto themselves. It will be important in the coming months and years ahead to surround yourself with other like-minded people who are prepared and have various skill sets. Banding together in groups will become essential in the trying times ahead. You should learn as many new skills as possible such as canning food, growing vegetables, rasing livestock, shooting a gun, etc.
9. Share Your Knowledge with OthersSome people will not be willing to listen under any circumstances. But if you approach people in the correct manner, you can be a big influence in getting others to prepare while they still can. This is something all good people should be willing to do. In that conversation, you should inform others that the way back to economic prosperity is getting back to our Constitutional values. "We the People" are going to have to take our country back from the greedy, power-seeking political types who exist in Washington and New York. Everyone should read the Declaration of Independence, the Constitution, and the Bill of Rights so they know what our government is and should be. As more and more people come to the realization that we have all been had, more will be willing to stand up and fight for what is right and what the founding fathers created for us. The system of liberty given to us in 1787 is what created this great country and the prosperity it has seen. Unchecked greed and corruption are now destroying it.
10. Have a Good Communication SystemIn cases of severe and long-standing civil unrest, communications systems and the grid may be down for indefinite periods of time. With readily available methods of communication no longer operating, old technology such as "Ham Radios" could become an absolute lifeline. Handheld portable "HT" radios, as they are called, would be incredibly valuable. These do require a license, but the license is very easy to get. With a couple of weeks of study, you could easily pass the 30-question multiple choice test required to get a "Technicians License." Purchasing several of these small handheld radios for family members would be very valuable in such a crisis. The best model out there is the Yaesu VX-6 for around $250.00. You should also look to purchase the high-performance antenna for this model, manufactured by Diamond Antenna (Model number SRH77CA), for around $30.00. While these are some of the most important things to consider for the coming economic meltdown, this is by no means an all-inclusive list. I will continue to provide information about the best things to consider in my Mining Speculator newsletter each and every month as I find other good sources or ideas to consider.
Kind regards,
Greg McCoachEditor, Gold WorldInvestment Director, Mining SpeculatorP.S. On a more positive note, members of Luke Burgess' Secret Stock Files have winning returns on 10 of the 11 recommendations made during the first quarter... and those include two stocks that have returned over 100% in just a few weeks! Not only am I a member of his service, but I am also an active investor of his recommendations. Secret Stock Files has provided me with several new investing ideas and has made me a lot of money, even during this economic recession. In fact, I wouldn't be surprised to find his portfolio beating 95% of the advisories on the scene right now. I strongly urge you to check Luke's Secret Stock Files out. P.P.S. Gold prices are coiled to skyrocket, and this may be one of your last chances to own the yellow metal for under $1,000 an ounce. So I urge you to buy right now! Throughout human history, gold has offered safety amid crisis. Fortunately for us, there's a new money-making phenomenon that can actually double your gains in gold. Thanks to this unique tool, every time gold gains just 1%, you make 2%. . . a 25% gain pays 50%. . . a 100% gain pays 200%. . . a 500% gain pays 1,000%! Click here to learn more.
The bad thing as reality will be totally based on the value of human life, not money, and as we all know, humans have a disregard for life and governments when they can't exploit money in exchange for power they will go for what ever is available and that will be us, we will be totally exposed to the whims of the governments follies.
Governments are like ravenous wolves, and the one that is being created now will be insatiable.
Survival will become all about avoiding the wolf and watching it devour others into bankruptcy as the free money and BS will come due to be paid back in real time.