The REAL Issue This Election
Gay marriage, abortion, energy policy and so many other talking points fall in this category. Yes each are important in their own right, however they have been used as a distraction from the more important issues this election. The biggest of which, as evident by the recent Wall Street crisis is monetary policy.
Americans are in debt slavery, and not to China. If the term "debt slavery" new to you, lets put it this way: no matter how hard we try Americans will always have a federal debt to the Federal Reserve, the private bank which controls our money.
Whenever the U.S. Mint prints money, which it does fairly often, the money is borrowed - with interest - from the Fed. So even if we used every dollar currently in existence we would still owe the interest on the loan used to print the money. Yet, even as both candidates claim to be fiscally responsible, they have not acknowledged the scary reality about our "money."
Americans are also suffering from the worst tax we have ever faced. Though income tax, death tax, and property taxes are all terrible, they all pale in comparison this dreadful tax: the inflation tax.
It doesn't take a genius to know inflation is rampant, even though the Fed will only admit to 4% or so on the Consumer Price Index. In reality, as you go to the grocery store or the gas station you're paying more; a lot more than 4% more.
Even though the Bush regime likes to blame Iran for the oil spike, that simply isn't the case. The real cause: Iraq. The cost for Iraq is $3,000,000,000,000. That's $3trillion, with a 't'. To pay for this war the U.S. Treasury simply printed more money, lowering the overall value of the dollar.
Since Bush took office the dollar has lost half its value, due to overspending and under-taxing. THAT ladies and gentlemen are why prices are so high. We spend more than we have in the treasury, its that simple. Yet neither candidate even discusses monetary policy, just about the programs and 'investments' they will make.
If you have the chance, ask them how they intend to pay for their presidency - and how much they want us to pay to eat.
Get out of stocks, NOW!
I'm sure most of my not-so-loyal readers have noticed the Dow Jones Industrial Index has dropped some 1000points almost this week. On Friday it closed at 11.4k, while at the moment its value is 10.6k.
That is 1 troy ounce worth of gold at the current market price of $850/ounce. Wow.
What we are seeing is a major market correction, one that has been in the making for a long period of time. Many fantastic politicians and investors, such as Ron Paul and Peter Schiff, have seen this coming and have advised their followers to move to gold - or at least to different markets such as Asia or Europe. I've stayed out of the game up until now since I haven't had any money invested, period, I'm a college student so I don't have that kind of leeway.
This terrific dive is caused by Federal Reserve simply creating more money to pay for things such as the Iraq War, Aid to Israel, and this whole Fannie/Freddie bailout thing, throwing huge inflation into the market, which you are now feeling at the gas pumps or whenever you feel like "eating."
The inflation we are seeing on gold in the past 8 years (the length of time the neo-cons have been in office) is 290%, or some 36% a year on average. I use gold because that is a "stable" medium, as inflation occurs it is more expensive to buy gold, likewise, as deflation occurs it is cheaper to get gold. This stability is actually why gold and silver are the only true legal currencies in the United States, as opposed to the FIAT system in place now.
Back to the topic at hand, if the DOW had kept up with "gold-flation" we would have seen the DOW in the 29,000 range, perhaps even in the 30,000 point range. At this point I'm really hoping little alarm bells start going off in your head. Why? Because the DOW has lost value, a considerable amount of value. Like, more than half its value in just a short amount of time.
And as you might be able to guess, this catastrophic decline in value is going to continue for a good amount of time. You still have time to get out, but do so quickly.
For the time being silver is cheap, though it doesn't fluctuate as much as gold, which went up more than $60 so far today, it has a lot to gain, its paper value is below $12/ounce. If you can manage to find a broker willing to sell you silver for that price, do it. The only direction your investment can go is up.