America has accumulated so much government and personal debt that the economy is no longer able to pay that debt off faster than it accumulates MORE debt.
This video talks about how A BIGGER crash than 2008 is coming- time to buy gold!
The US government is struggling to keep up with debt repayments, but needs to keep adding more debt to keep the economy going. An economy that is only going because of low interest rates. All this borrowing is just bring forward consumption, because it would have happened later if it were not for cheap borrowing. So what happens when the borrowing can no longer be sustained and debt has to be paid back? Consumption will slow – dramatically. Spending will slow – considerably. The economy will drop – dramatically.
And this time the government will not be there to bail out the banks and auto industry, because they have debt problems and having to cut spending as well. That means social security spending, education spending, anything they can cut will be cut. Which again will slow consumer spending and consumption – dramatically. What do you think this will do to your 401K?
If you still have most of your investments in companies – you will suffer MORE LOSSES than the PREVIOUS GFC. The US dollar will drop through the floor. This will not only mean demand for Chinese goods will be less, but the cost of those goods in USD will have gone up, so companies (and the government) will bring some production back to the US. This is why the Chinese government is trying to get its own internal economy flowing so it doesn’t have to depend on US exports. They know what is coming.
Now what if the Chinese economy slows? They are already buying gold at un heard of rates. Both individuals and the government. Not only will the price of gold in USD rocket because of the drop in value of the USD, but demand will go even higher as world investors rush to a “safe haven”.
What happened to the price of gold during the GFC?
Gold actually topped out in value at 3 times the 2006 value before the world economy stabilized. And this time the economic crash could be worse – because the governments will not be there to save things because of the debt they still have from 2008-2012 and beyond.
Right now gold is cheap. Nobody knows why gold is so cheap when Russia, China, and India are buying so much. It is likely to rocket up at some point soon.
The smartest thing you can do is to find out how to move part of your investments and retirement savings and buy gold to stave off your own economic disaster.
Fill out this form and the leaders in gold investment management will contact you to discuss your needs and set up a plan for yours and your families future!
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