The Federal Reserve will likely begin to speed up the devaluation of the United States dollar soon.
Be prepared because the dollar may not be the world’s reserve currency for much longer.
In an open letter from Wall Street economist Steven Ricchiuto to Federal Reserve Chairman Jerome Powell, a dollar devaluation to save the economy is what’s being demanded of the Fed.
Ricchiuto wrote the following: “The key to breaking out of this deflationary downward spiral of interest rates is to target inflation by expanding the Fed’s balance sheet — in other words, print money. This bold action will keep the domestic economy from being pulled down the hole in which both Europe and Japan find themselves — that of negative, long-term interest rates.”
While negative interest rates are a terrible idea, money printing is also an equally poor suggestion. The more money there is in circulation, the higher the inflation and the less buying power the dollar in our pocket has. Wages most likely won’t rise with the increase in inflation, and the consumer will pay the price in the form of higher costs for goods and services without ever seeing the increase in their paychecks.
Wall Street economists have continually proven that they are detached from those living an average life in the U.S.
93% Of Investors Generate Annual Returns, Which Barely Beat Inflation.
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Inflation is often called the worst tax because it goes unnoticed by most people. And if you’ve not paid attention, you haven’t noticed your grocery bill has gone up. I have noticed it. My friends have noticed it. You get less food for more money now than you did even one year ago.
The best way to protect yourself against inflation is to buy gold. I’m not suggesting that gold is an “investment.” I am suggesting that it’s “insurance.”
You can be prepared for inflation by insuring yourself with gold. Gold has been around as a currency and “real money” for a lot longer than the dollar. And at the rate the government is going into debt and printing money to service said debt, the dollar’s value can’t last. Once the Fed starts printing more money, inflation (or even hyperinflation) is a very real possibility. Gold today will still buy what it would buy 100 years ago. The same cannot be said about the dollar – or any other fiat currency, for that matter!
I’ve said it before; watch for the Fed to start money printing as the sign it’s the right time to buy precious metals. Although they have not announced that they would ramp up the money printing, it’s only a matter of time now that Wall Street economists are demanding it.
Protect yourself and your personal wealth from the “worst tax” by making sure you have some real assets.
Over the next few weeks, we will be introducing you to some key gold stocks that we believe could add a comma or two to your net worth.
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Governments Have Amassed ungodly Debt Piles and Have Promised Retirees Unreasonable Amounts of Entitlements, Not In Line with Income Tax Collections. The House of Cards Is Set To Be Worse than 2008! Rising Interest Rates Can Topple The Fiat Monetary Structure, Leaving Investors with Less Than Half of Their Equity Intact!