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 global economy, as we know it.
With the economy struggling to see growth, congress over spending with a debt already approaching $20 trillion, artificially low interest rates and high unemployment numbers makes a combination that can produce a deadly economic catastrophe.
The fundamental indicators of a healthy economy are not seen in reports regarding employment numbers, manufacturing, and overall U.S. economic growth. With Obama just signing a bill that will increase the debt ceiling by $2 Trillion has many calling Obama the “$20 Trillion man”, it seems now America is purely running its economy off of credit and the ability to create money from nothing.
The United States deficit by the end of Obamas’ term in the White House the national debt will officially be over $20 trillion.
Seeing the obvious decline in the dollars future, nations are now selling U.S. Treasuries at an alarming rate, in such a fast pace that at we have only seen 3 times in history. China recently unloaded roughly 90 billion in the month of September alone and now has its very own gold exchange. For the first time in history China now will fix the daily gold price.
The question is “if the dollar is going to loose value, why would I want to invest my savings in dollars?”
That’s a great question, and the answer is no one wants to loose value in his or her savings. In fact that’s why governments, banks such as JP Morgan, and even institutions like the University of Texas are buying precious metals. Gold and silver have been used for thousands of years as a stable and globally recognized currency. The best way to exit out of paper assets that are being devalued is to invest in physical gold and silver.
Russia and China are on a mission to destroy the dollar in a historic 21st century currency war we are in today. Shifting from dollars to physical gold and local currencies, China is now officially a reserve currency in the International Monetary Fund, and has aspirations to become THE reserve currency.
Now more than ever, the world is resisting the policies allowing the United States to print money and borrow at their expense and at the expense of hard working American tax payers.
Don’t be a victim of the government’s financial political agendas. We are in very troubling times. From talks of war, global economic collapse, increasing poverty and unemployment with skyrocketing rent, now more than ever you too need a currency that is trusted and solid like gold. Stop the big banks, congress and Wall Street from destroying the value of your investments.
Gold has outperformed the Dow Jones and the S&P. Since 1971 when Nixon took America off the gold standard allowing the Fed to print greenbacks, inflation has been diminishing the power of the dollar. Today the dollar will only buy one-sixth of what it would get you in 1971.
The Dow percentage gain for that time frame was approximately 1,500% while the physical Gold percentage gain for that time frame is approximately 3,300%
Which one would you choose?
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