THE FINANCIAL WORLD
There is no money in the U.S. Treasury.
The National Debt has continued to increase an average of $1.77 BILLION per day since September 30, 2005. In 2006, it went to $1.96 BILLION per day.
How do you spend $7 BILLION dollars a month when there is no money in your bank account? Congress continues to do it, Bush signs these rubber checks and the borrowing from the privately owned Federal Reserve continues. All this debt is heaped on your back, your children and their children, but the day of reckoning is coming.
The debt to you, your children, your grandchildren and their children as of this date is $8,500,986,717,355.06 and growing exponentially. This debt accumulates interest every second of every day. For what? Also see this link to indicate how quickly that number grows. It is unfathomable.
Those who ignore history are bound to repeat it:
"We will not have any more crashes in our time." - John Maynard Keynes in 1927
"There may be a recession in stock prices, but not anything in the nature of a crash." - Irving Fisher, leading U.S. economist , New York Times, Sept. 5, 1929
"Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or 60 point break from present levels, such as (bears) have predicted. I expect to see the stock market a good deal higher within a few months." - Irving Fisher, Ph.D. in economics, Oct. 17, 1929
The deliberately engineered stock market crash happened two weeks later on October 29, 1929. The American people didn't listen to the warning signs or they didn't have access to the complicated financial dealings of Wall Street or they simply couldn't understand the tsunami that was about to crush them.
After Black Tuesday in 1987, the American people were told that safeguards were put in place to prevent another crash. How reassuring. The scary reality: America is in a recession and building towards a major depression. The perfect storm is building as I have written about; click here for a dose of reality. The foreclosures will soon flood the housing market already overloaded with houses that can't sell. Those who lose their houses will be displaced with nothing but a mountain of debt on their backs. Lay offs are continuing and not just the big mega corporations like Ford. People aren't buying, many because of the $3.00 per gallon or higher gas. That disposable money has to used for commuting. The list goes on.
I invite you to visit Harvey's web site, USA Gold Vault and learn why it's in your best interest to invest in gold. You will find important information like this:
What's the Real Federal Deficit Dennis Cauchon, USA Today
The federal government keeps two sets of books. The set the government promotes to the public has a healthier bottom line: a $318 billion deficit in 2005. The set the government doesn't talk about is the audited financial statement produced by the government's accountants following standard accounting rules. It reports a more ominous financial picture: a $760 billion deficit for 2005. If Social Security and Medicare were included as the board that sets accounting rules is considering the federal deficit would have been $3.5 trillion.
What The Price of Gold is Telling Us Hon. Ron Paul-- The financial press, and even the network news shows, have begun reporting the price of gold regularly. For twenty years, between 1980 and 2000, the price of gold was rarely mentioned. There was little interest, and the price was either falling or remaining steady. Since 2001 however, interest in gold has soared along with its price. With the price now over $600 an ounce, a lot more people are becoming interested in gold as an investment and an economic indicator. Much can be learned by understanding what the rising dollar price of gold means.
No one will be spared when the bubble bursts, even those with millions who believe they will somehow escape the savage devastation. Americans in record numbers are tapping into what little they have in savings to pay for today and hope tomorrow gets better. They hope that somehow they will be able to claw their way back to the top of the sand dune, but find themselves sliding back down every paycheck. It's not a pretty picture.
I have known Harvey Gordin for many years. He spent almost two decades on Wall Street and he knows the market and why its so important for Americans to diversify some of their assets into gold. The future doesn't look good because the shadow government which owns Congress and White House are pulling the strings and bankrupting this nation while colonizing it at the same time with Third World poor by the millions.
Neil Cavuto may tell you how great the economy is, "we seeing growth." The same flavor of lies is spewed by minions from the Ministry of Propaganda, aka the "mainstream media" which includes cable. The learned economic gurus above peddled the same poison back in 1929. People killed themselves because they believed the hype. It was easier to believe, more comfortable. Reality isn't, but I believe it's better to know what's coming that get hit over the head with a sledgehammer.
Give Harvey a call at 1.602.228.8203 and talk to him about protecting what you have left before it's too late. Harvey offers the best prices because he doesn't have a big fancy office, doesn't run endless commercials on television, but he knows the market and gold.
I wish everyone well during these dangerous and uncertain times.
September 1, 2006