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You have brains in your head. You have feet in your shoes. You can steer yourself in any direction you choose. You're on your own. And you know what you know. You are the guy who'll decide where to go. By Dr. Seuss Find out about Depression Glass For Sale
Do you think it's time to sell your gold? Take those rose-colored glasses off!
Many new reports have publicized that the financial markets can go no lower. Crude oil prices are at an all time low, the housing slump and economic slowdown are over, and the future looks so bright, or is it? These reports recommend that now is the time to liquidate your gold bullion. But don't be fooled, take off those rose-colored glasses, because now is definitely not the time to sell!
Before you decide to trade your gold for depreciating dollars, look at these important facts why you should be doing more gold investing. While retail sales have risen slightly, these sales include gasoline; which is selling well because the prices have dropped. Jobless claims continue to rise and many companies continue to announce new layoffs. Financial markets are still volatile. Even after the government has bailed out some of the largest banks, these same banks continue to need more money to operate.
The housing market has not yet reached bottom and people defaulting on their mortgages continues to rise. Inflation is going up and has risen more in the last six months than it has since 1991. The federal government will not raise interest rates to deal with inflation. The Fed has never raised rates while the country is in a recession. Tension is high all around the world. The gold price continues to drop as the global tension increases.
So what should you do? Think about this question. What has survived war, inflation, deflation, recessions, and depressions? That's right, precious metals. What has not? Paper money has come and gone. Confederate money from the Civil War is no longer any good, but the gold that backed it still is. Gold is a long-term stable investment that history has shown to be the right choice for dealing with many types of crisis that are around right now. Throw away the rose-colored glasses and realize that the best recommendation is to NOT sell gold but to buy it!
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David Brown
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Atlant Gold
Secure your money on gold investing
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How did Greenspan help create to great economic bubbles in U.S.?
The deregulation philosophy would pay unwelcome dividends for years to come. In November 1999, Congress repealed the Glass-Steagall Act—the
culmination of a $300 million lobbying effort by the banking and financial-services industries, and spearheaded in Congress by Senator
Phil Gramm. Glass-Steagall had long separated commercial banks (which lend money) and investment banks (which organize the sale of bonds and
equities); it had been enacted in the aftermath of the Great Depression and was meant to curb the excesses of that era, including grave conflicts of interest. Greenspan, Phil Graham and Bill Clinton. Ref: Bailouts
Greenspan was the most overrated economist in the US.
His wonderful decision to "slow down the economy" resulted in the meltdown in 2000.
It's stupid to stop a growing economy, in any case, and government meddling in the economy is what has gotten us into the predicament that we face now.
Confiscatory tax rates have brought our economy to the verge of complete ruin. It's no wonder that people can't afford mortgage payments when some property taxes have gone up more than 400% in one year!
Government on all levels waste colossal amounts of money, from local and state governments, all of the way up to the federal.
We simply can't afford our government any longer. All they want to do is tax, tax, tax and give the money to cronies, waste in on just about anything except that which would actually benefit those paying the taxes.
The final blow was the profligate spending by the Bush administration, which has given Haliburton huge amounts of money, and also didn't do anything about the gouging of big oil.
Bush then flatly refused to do anything about the mortgage crisis until it was too late.
They still haven't helped the possible FIVE MILLION Americans who are in jeopardy of losing their homes.
How about helping THEM instead of failed and incompetent fatcat executives, who just take the government bailout money for more bonuses and fatcat salaries?
The lending institutions should be forced to renegotiate all of these loans to a more affordable level to end the crisis.
Government taxation on all levels needs to be limited to a small percentage, and government waste needs to be curtailed immediately.
We also need a better process than impeachment for getting rid of incompetent and corrupt politicians, such as Bush and Blagojevich.
Other countries have a vote of "no confidence" which can quickly and efficiently get rid of these jerks before they can do more damage; that's what the US needs.
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