mercredi 6 novembre 2013

Washington's Budget Fix Remains Unchanged

By Anne Trimble


For anybody who thinks that the short-term Band-Aid on the United State of America's financial catastrophe made any kind of difference, we have to correct that misconception as soon as possible. The "repair" this week only served political agendas and it did nothing at all to fortify this nation's collapsing economic foundation. In other words, no solution emerged out of the temporary political crisis.

Nor will President Obama and the Congress meaningfully address those problems in January when they're scheduled to do this all over again. America will continue to use temporary measures to avoid the trigger of yet another global economic meltdown. It will continue to remain in the good graces of the money masters in China who hold a huge portion of U.S. Treasury debt. The game will continue until something drastic happens and the charade comes to an end.

No wonder gold price movement throughout the 17-day "drama" during the partial shutdown of the U.S. federal government moved at all. It was a small skirmish with all kind of political wrangling. The arguments were merely to delegate blame and point out whose fault it was. Wise investors recognized this entire scenario. They did not expect any federal remedies to make any difference. They did not even anticipate that the United State of America would run out of debt-money. And they did not anticipate a default on Treasuries this month. In the final analysis, they were quite right. So the option to transform metals into a "safe haven" during stressful times didn't enter into play.

The United States of America is just where it was prior to the turmoil. Absolutely nothing whatsoever has actually changed. We continue to be in the same situation as before, with way too much financial obligation to be paid by our generation, the future generation, and even the generation after that one. It appears that we have actually got a socialistic president that does not really care about our troubles. We also have a gutless opposition that cannot see beyond short-term political measures. They were not able to stand firm and at the very least try to remedy trying circumstances. Absolutely nothing occurred to lead us to believe that the scheduled program of this nation's financial devastation has been diverted.

So continue to get ready for even more political incidents and financial shocks just ahead of us. Our advice is to buy gold and silver financial instruments as a way to brace against the coming financial cyclone. In the days ahead, gold and silver will show their worth as God's Money.




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