China vs. USA

US Allies and other countries, including China, are dumping a record amount of Treasuries. Countries across the globe are boycotting the U.S. dollar as if it is merely an “IOU” printed on a green piece of paper.   Financial experts are warning that America is facing the next bubble that will be historic, changing the…

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CGX Newsletter – November 2015

PROTECT YOUR RETIREMENT The United States debt is officially over 20 trillion dollars, thanks due to Obama’s new bill H.R. 1314, the “Bipartisan Budget Act of 2015,” signed Monday, Nov. 2, 2015. The President signed into law a bipartisan budget that will prolong the catastrophic day of reckoning when the U.S Government defaults on its…

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Congress Wants To Borrow Your IRA

They’ve already taken over the health care industry, why not nationalize our retirement savings as well? President Barack Obama in a recent State of the Union address, tried his best to convince Americans to “loan” their retirement savings to the indebted U.S. government. This is what Obama calls the “MyRA” program. And the aim is simply…

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Quotes of Wealth and Wisdom

  • gold still represents the ultimate form of payment in the world. It’s interesting that Germany could buy materials during the war only with gold. In extremis fiat money is accepted by nobody and gold is always accepted and is the ultimate means of payment and is perceived to be an element of stability in the currency and is the ultimate value of the currency. And that historically has always been the reason why governments hold gold.” ‘In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value… The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves. This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. –Alan Greenspan
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