SGM METALS: Secretaries, Retail & Food Prep Are Jobs of Choice In US Recovery!

April 11, 2012 - PRLog -- fedupusa.org reports: [ The US dollar has lost over 50 percent of its purchasing power since the 1980s.  It is no coincidence that global goods like food and energy are now more expensive.  This is problematic since Americans are seeing little growth in their wages.  The stagnant wage dilemma has been in effect for well over a decade now. Just take a look at some of the top employment sectors in our economy: employment by sector

The top three employment fields in our country are:

   1.  Office and administrative support work

   2.  Sales & Related

   3.  Food preparation and serving related]

Does this look like a recovery to you? Do these types of jobs offer any real stable employment for our nation? Is an astrophysicist who is employed as a bartender to put food on his table for his children really ‘gainfully employed’? For the first time in recent years the media has seemingly turned on the president and attacked his job creating stimulus efforts. The media is correctly pointing out that because the rate dropped from 8.3% to 8.2% it is not an improvement in the labor market but instead simply that millions of unemployed citizens have exhausted their benefits and therefor have been forced out of the data altogether. But I feel the medias moment of honesty at the expense of the ‘recovery effort’ is purely a setup for the purpose of justifying the introduction of QE3 by the federal reserve. QE3 is almost a forgone conclusion at this point, but is almost political suicide at the same time, especially in a presidential election year when an incumbent president is hoping to get another crack at the oval office since he has promises to keep to Russia apparently.

With China leading a global trade coup against the US dollar as the world reserve currency, the world is shrinking by the day and the need to hold tens of billions of US dollars in central bank reserves is waning with it. As an emerging economy, if 60% of your trade is with other nations that fall within the alliance of trading partners lead by China then shifting your foreign currency holdings to accommodate the Renminbi only makes sense. So if a nation once held lets say $10 BILLION in USD reserves to buy oil and trade abroad & now needs the Chinese currency for 60% of their trade funding, then $6 BILLION in USD will be sent back home to the United States and will surely hurt the purchasing power of the dollar even more. The US citizens will be the true victims of this global currency war the federal reserve is waging because now that we have exported our manufacturing base abroad we are simply along for the ride because we have no way to fight back economically.

With the US economy proving there is no real employment other than the classic “Bush & Greenspan Service Sector Economy” garbage we have no hope of getting Americans back to work. So now comes the realization that the service sector is providing some employment for a while, but how long will that last? Once the upper middle class who are the only ones going out to dinner, playing golf, and buying drinks at the bar get taxed out of their income brackets this will all evaporate quickly and we will wake up to the fact that the world has moved past the petro dollar daze and we have been left in the dust. This will coincide with the tsunami of USD that have been collecting dust in foreign central bank reserves and are longer needed. The result will be an economy flooded with the very paper fiat monopoly money we printed and handed out like bailout candy to all of the corporations and banks that made bad bets. This will destroy the purchasing power beyond your wildest dreams and send the inflation of food, energy and everything else to the moon.

Wake up to this reality now before the painful day of reckoning is upon us. Establish your ‘Plan B’ in physical gold & silver bullion today and begin to participate in the sound money debate because I can assure you that other nations have already made their decision and the consequences will be coming soon enough. The question in my mind is whether we will be crippled by the global rejection of the USD or the FEDs money printing obsession first. Either way it doesn’t matter which comes first because they both will cause such tremendous pain. Hopefully the United States doesn’t act like a spoiled kid and start a war to force compliance with these policies. Know that inflation is already accelerating and the threat of this recession digressing into a hyperinflationary depression is becoming a talking point of more economist than not. Participate in the sound money debate with alternative gold & silver currencies today before the avoidance of the USD turns into a global dollar crisis.

# # #

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.