I’ve been called a cynic, a pessimist, paranoid, a gold bug, a prophet of doom, and a ton of other negative labels. The reason for the name-calling is simple: I refuse to drink the koolaid when it comes to the US economy.
I don’t believe America will ever experience economic conditions like the mid-90s again. My reasoning is simple, yet unavoidable. The principles of economics and finance lead us to unquestionably conclude that, unless there is a social and cultural reformation in the US, it’s going to be a long-yet-unavoidable journey to economic ruin.
Consider the facts:
Why I’m Not Planning on an End to the US Depression
All of the facts point to a long depression. Even a lot of liberal economists are going with this conclusion, even with child-genius Barrack Obama at the wheel of the economic ship. It’s becoming more and more unavoidable — it’s going to be a long ride, and we’re probably not through the worst of it yet.
- Growing Government. It’s not getting any smaller, folks. Central planning is economic suicide. Doesn’t work. And it’s getting worse.
- Stupid Republicans. If you think all that’s necessary to stop government growth is to get some republicans in office, then you’re sadly mistaken. Republicans have contributed just as much as democrats to growing government, deficits and debt. America’s economic suicide has been bipartisan so far.
- Culture of Thieves. Our culture is getting more and more disgusting — people somehow think they have a right to someone else’s money. People who break their backs (like myself) are paying more and more for lazy fools who don’t have the ambition to think outside the box. That’s bad for the economy — and for the spiritual future of the country.
- Debt is Death. Debt is economic death. This is pretty much unavoidable. The US is in debt. As some point, they won’t be able to pay the interest on the debt, and they’ll either increase taxes or increase spending. So we’ll either have our wealth confiscated to the point that the economy collapses, or inflation will wipe out the economy. Oops.
The facts don’t lie, and they’re pretty stubborn. If you disagree with me, feel free to write up an article and send it to me — I’ll even publish it here on the site. I’d love to be proven wrong.
So what does this mean for us? Invest in something physical — gold, silver, or other mining stocks.
This is Just the Beginning
This is just the start. Wish you knew more about investing in gold? You can, for free. Give me 10 minutes of your time every week, and I'll make sure you know everything about gold investments.
Just enter your email below and I'll personally send you our weekly update. Don't worry -- I hate spam too, and I'll just send the weekly update and that's it.
Tags: depression, economics, how to invest, recession
.
