Written By Nick Barisheff
Government economic propaganda is dangerous as anything contrived by Joseph Goebbels during his tenure as Minister of Propaganda for Nazi Germany. It prevents people from facing reality and realizing the inherent danger in the economy. It prevents them from protecting family's wealth through bullion ownership.
Since the passing of the Federal reserve Act in 1913, the US dollar lost 96% of its purchasing power against gold. On a true gold standard prior to 1913, the US dollar preserved purchasing power even though the country suffered through a civil was. A dollar in 1900 bought almost the exact amount of goods it would have bought in 1800.
As for the strengthening economy that both Fed Chair Yellen and every mainstream financial observer speaks about daily, statistics simply don't match this claim.
Manipulated statistics mislead the public. Alternative statistics, such as those provided by economists like Dr. John Williams of ShadowStar.com are far more accurate than skewed CPI unemployment reports issued by the government. Why? Because everyone who eats, drives or sends children to college knows that life is becoming more expensive by the day and far more difficult. Fed statistics defy common sense.
Investors need to move beyond "positive thinking," Ringer stated "Reality isn't the way you wish things to be, or the way they appear to be, but the way they actually are." His advice was to expect the best but prepare for the worst. This takes a lot of effort, and few people can adopt such an approach without practice.
The simple act of owning gold makes the work of awakening much easier, because it tends to expand our economic vision involuntarily. It provides a standard of lasting value that no longer exists with paper currencies. It allows us to see the insidious forces of inflation and currency debasement directly, rather than as an abstract economic concept.
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| Nick Barisheff President and CEO of Bullion Management Group Inc |
All the Best,
Joseph F. Botelho One Gram at a Time
Joseph BotelhoFollow @jfbmarketing
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