SGM Metals: 'Inflation is the Hidden Confiscation of Wealth'Now that the Dodd/Frank Act has been enacted, we are discovering the tens of trillions of USD loans that have been magically created out of thin air and bestowed upon the US mega banks and EU disaster banks. Inflation fears are beginning to grow.
By: SGM Metals * The Elemental Economist The U.S. dollar does rally from time to time, but the long-term trend is down. We must understand this in order to protect our savings and investments. The only thing that the U.S. government and the Federal Reserve can do under any pretense is to debase the currency. They do this by printing money or massive devaluation. It is not a solution, only a delay. It’s a cruel hoax! Debasing the currency cannot and will not bring prosperity. It will bring ruin. It always has. It can come only to final default. Printing money plus big devaluation means default — maybe not suddenly, but default is guaranteed. Understand this today, all people who hold U.S. dollars. Alan Greenspan is the man who printed more paper money than anyone in history. In a candid moment he said: “Inflation is taxation. Inflation is the hidden confiscation of wealth.” It is the direct result of government, through the central banking system, expanding (printing money) the money supply. They create new money so they can spend it into circulation to pay for their ever-increasing spending programs. Deficit spending is simply a scheme for the hidden confiscation of wealth. ] This may be the single most important issue for everyone to come to terms with. The act of printing new money to ‘solve’ the problem of too much money in circulation is a crime against all those who have been responsible and put money away whether in the form of savings or in an investment such as a 401K or an IRA. The real issue is that we have been desensitized to the concept of the government continually growing in every direction, everyday. The problem is that since the ‘War on Terror’ began (which is a farce as terrorism is a tactic, not a defined enemy) government has been supercharged in finding justification for creeping into every aspect of our lives in the interest of keeping you safe. We will not get into the Bill of Rights and the issues that come with the invasion of DHS in our person freedoms and liberties, but instead focus on the monetary issues related to this expansion. The simple fact is that you know how hard you have had to work throughout your life to obtain the volume of wealth you have at this point. The issue is that all of your life’s work can and will be eroded continually as the politicos in Washington find more and more ways to invade our privacy which requires an ever expanding budget for these campaigns while they find more and more justifications to do so. This will not change anytime soon as they are moving more and more in this direction than they ever have before. Never mind the fact that as presidential candidate Ron Paul says it is our foreign policy that has manufactured these enemies in the first place. You must accept the fact that the ONLY play the FED has is to print money and saturate the US economy with newly printed devalued dollars and now we find out that tens of trillions of dollars have been printed and used to blanket European banks to keep them afloat up over the last two years. The most recent revelation is that the Federal Reserve along with five (5) other central banks of the world will be providing the failing European banks with UNLIMITED USD loans through 2013!!! It is more crucial than ever that you understand the consequences of the increase in the volume of dollars in circulation and the resulting devaluation in your personal wealth. The only way for you to protect your life’s work is to move your wealth into the one asset class that benefits from the dollar devaluation campaign that we are stuck on, gold & silver bullion. The unique opportunity we have here is that not only can you apply physical gold & silver to your portfolio to offset the rapid devaluation, but you can also use this immutable law of economics to capitalize on the suicide mission the dollar seems to be on by trading the rise that is about to play out in precious metals and use those gains to replace the tremendous losses that investors have incurred since the housing crash began. Stop the transfer of your wealth today by purchasing gold & silver bullion and watch your net worth turn reverse course as the price of monetary metals rise as the consequences of the FED’s policies come more and more into focus. # # # SGM Metals strives to offer not only wealth preservation precious metals investments to offset weakness in the economy, but to help educate our family of clients to better identify the threats to their financial security. End
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