Low Interest Rates = Cocaine
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.


July 3rd, 2010 at
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