We are addicted to low interest rates … The problem is, they promote spending today what we will hopefully earn tomorrow … Then the jobs go bye-bye and our earning power goes bye-bye … Then we default on the loan and America is one step closer to going bankrupt and becoming a 3rd world country
(Click here to see how the cocaine high of low interest rates doesn’t work so well anymore)
Gold is different … You have to buy Gold with real money … This promotes saving … This promotes the principles that made this country great (long ago) … We can’t predict the future price of Gold, but we can predict that if America keeps going deeper into debt, the country is screwed.
Think now is the greatest time in history to buy a house (click here to see the truth)
Many believe now is the worst time … If you put down 20% and then lose 50% in value, you will end up like the rest of the country wanting to give the keys back to the bank
It’s called a depression … and they call it that because things get very depressing
If you buy Gold and analysts turn out to be right when they say it could go as high as $7000 an ounce
or you buy real estate and it drops in half … Guess how many houses you could buy with your original investment of Gold … $100,000 in Gold might buy you 14 houses … verses buying a house now and handing the keys back to the banks …
Only time will tell …
Paul Krugman says it is day one (click here to see why life will never be the same in America)
It’s not that we enjoy bringing you this bad news … This is as depressing to us as it is to anyone … It’s just that you can’t spend 75 years of money over the a 3 year period (2003-2007), take away most of the good paying jobs and have a political class in this country that feels like they are so much better than regular folk and hope that everything will work out just fine in the end.
Sorry to burst CNBC’s bubble, but things won’t be working out …
