For anyone believing that the short-term Band-Aid on America's fiscal disaster makes any difference for now or later, we must disabuse you of that notion right away. The "fix" this week was for political purposes only and does absolutely nothing to address the reasons for this nation's crumbling economic foundation. In other words, nothing has changed for the better.
Neither will President Barack Obama and the Congress meaningfully address these fiscal troubles in January when they're booked to do this all over again. The United States of America will continue to rely on short-term measures to escalate yet another international financial crisis. It will continue to remain in the good graces of the money experts in China who hold a big portion of U.S. Treasury financial obligation. The game will continue as before until something major happens and the charade comes to an end.
No wonder gold prices moved little during the 17-day "drama" that surrounded the partial shutdown of the U.S. government. It was a minor skirmish with all sorts of political wrangling. The purpose of the rhetoric was merely to assign blame and point out whose fault it was. Savvy investors understood this entire scenario. They did not expect misguided federal solutions to amount to much. They did not even expect America would run out of debt-money. And they did not expect a default on Treasuries this month. As it turns out, they were quite right. So the option to turn precious metals into a "safe haven" during distressing times didn't come into play.
The United States of America is just where it was prior to the turmoil. Absolutely nothing whatsoever has actually changed. We continue to be in the same situation as before, with way too much financial obligation to be paid by our generation, the future generation, and even the generation after that one. It appears that we have actually got a socialistic president that does not really care about our troubles. We also have a gutless opposition that cannot see beyond short-term political measures. They were not able to stand firm and at the very least try to remedy trying circumstances. Absolutely nothing occurred to lead us to believe that the scheduled program of this nation's financial devastation has been diverted.
So continue to prepare for more political mishaps and financial shocks just ahead of us. Our advice is to continue purchasing gold and silver financial instruments as a way to gather resources for the coming financial storm. In the days to come, gold and silver will prove their worth as God's Money.
Neither will President Barack Obama and the Congress meaningfully address these fiscal troubles in January when they're booked to do this all over again. The United States of America will continue to rely on short-term measures to escalate yet another international financial crisis. It will continue to remain in the good graces of the money experts in China who hold a big portion of U.S. Treasury financial obligation. The game will continue as before until something major happens and the charade comes to an end.
No wonder gold prices moved little during the 17-day "drama" that surrounded the partial shutdown of the U.S. government. It was a minor skirmish with all sorts of political wrangling. The purpose of the rhetoric was merely to assign blame and point out whose fault it was. Savvy investors understood this entire scenario. They did not expect misguided federal solutions to amount to much. They did not even expect America would run out of debt-money. And they did not expect a default on Treasuries this month. As it turns out, they were quite right. So the option to turn precious metals into a "safe haven" during distressing times didn't come into play.
The United States of America is just where it was prior to the turmoil. Absolutely nothing whatsoever has actually changed. We continue to be in the same situation as before, with way too much financial obligation to be paid by our generation, the future generation, and even the generation after that one. It appears that we have actually got a socialistic president that does not really care about our troubles. We also have a gutless opposition that cannot see beyond short-term political measures. They were not able to stand firm and at the very least try to remedy trying circumstances. Absolutely nothing occurred to lead us to believe that the scheduled program of this nation's financial devastation has been diverted.
So continue to prepare for more political mishaps and financial shocks just ahead of us. Our advice is to continue purchasing gold and silver financial instruments as a way to gather resources for the coming financial storm. In the days to come, gold and silver will prove their worth as God's Money.
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