Gold and Silver Are Sounding The Alarm
Why are Gold and Silver Price Alarms going off?
First, Western World budget deficits are now totally uncontrolled. Debt is essentially destroying the Western World
Second, The Obama administration has saddled us with enough debt at the federal level to last three generations all in the name of "stimulus".
Third, The US Federal Reserve is Insolvent and Bankrupt They have flooded the system with liquidity through Quantitative Easing
They have loaded their balance sheet with worthless loan paper and reduced interest rates to 0% for over 20 months
And what have been the results? Paralyzed job growth., record unemployment, record food stamp usage and record poverty levels.
Gold and Silver are sounding the Alarm - Food and Energy price increases will soon follow.
When higher commodity prices translate into $500 grocery bills, recession weary Americans may go into economic shock.
Energy Prices have stayed in check, but this may be the calm before the oil price storm.
The combination of sky high food and gasoline prices may be the final nail in the coffin of the American Middle Class.
Travelling with Physical Gold Coins as insurance will soon become the norm. In many parts of the world the 1996 $50 or $100 US note is worthless because of the quality of counterfeits being printed internationally.
In Europe, American travellers are learning that the US Dollar is untradeable on the street. And Personally, 1 gold coin got me out of a very bad situation in Mexico City during the H1N1 outbreak.
Make no mistake about what you are seeing, especially with the price action of gold and silver.
Both metals are signifying a loss of confidence in the Dollar and particularly in its management team.
The Price of gold is no longer mental speculation, but rather reality hiding in plain sight.
The Day when every American recognizes paper bills as trash and gold and silver as true money, is almost here.