Ever wonder why it is that whenever the government tries to do something and accomplish something, the opposite of the goal intended tends to happen. I mean sure, the government has good intentions, right?! War on drugs, war on poverty, affordable healthcare, attainable college education… Maybe it’s just CrushTheStreet.com, but whenever the government tries to tackle something, doesn’t it seem like they just tend to always fail? What’s worse is that in most situations the issues that they were trying to triumph over only escalates and becomes an even bigger problem that only calls for more government action. It’s sort of like fighting a fire with gasoline.
There’s really no need to elaborate on the fact the war on poverty was an epic fail, because if you’ve been subscribed to CrushTheStreet.com, you’d be very aware of how much poverty the government is causing and how because of more government intervention, things will only continue to escalate. Healthcare has risen dramatically over the years and will only continue to do so as the government gets more involved into our lives. Employers estimate that their health care benefits cost will increase by 7.2%, which is severely outpacing the lack of growth in the business world that is to carry the burden. Inevitably there will be a healthcare bubble where middle class hard working individuals will just not be able to have health coverage because of high costs, and only those who have nothing and or choose not to work will be granted their American right to live off the government and of course the ultra rich. In a typical third world economy, the rich get richer, the poor get poorer, and the middle class slaves!!!
With substantial dollar increases in precious metals, you can bet that the U.S. government is concerned about the shifts in people’s mentality on what is real money and where individuals and other central banks for that matter will be storing their wealth. If we were to see gold and silver continue to increase as we are confident that they will continue to do, the U.S. dollar status as world’s reserve currency could face further challenging pressures. This is exactly what our government doesn’t want to happen and will fight tooth and nail to make sure this doesn’t take place. But the inevitable is happening as we are already seeing central banks that are trying to get their hands on more gold such as Saudi Arabia, Russia, India and China. During the past 5 years, Saudi Arabia had a 126% increase in gold reserves to 323 tons, China had a 76% increase to 1,054 tons, Russia had a 72% increase to 664 tons, and India had a 56% increase to 558 tons in its reserves. Because a low stable spot price for gold is good for the U.S. dollar, suppressing gold prices is a way to manipulate the free market and allow them to continue to run the show however they please. The bottom line issue is supporting U.S. government bonds. Our government’s goal is have a floor below bond prices and a ceiling above gold prices, because without them, their monetary ponzi scheme would unravel. Needless to say, things are unraveling and gold without a doubt is continuing to skyrocket and exposing the dollar in its true light.
This past week the numbers for jobs showed that no new jobs were added to our economy, which was a big disappointment for those who thought we were entering the 2011 recovery. But the facts are the same, Europe is still on the verge of collapse, China is losing steam, and banks around the world are at risk of collapse once again. The White House lowered its forecast for GDP in 2011 to 1.7% from their original prediction of 2.7% in February. The government expects unemployment to stagnate throughout the remainder of the year and drop below 9% in 2012. Let’s see what the Federal Reserve does to make that short term craving happen and what else they do that will continue to send gold and other gold related investments to the moon. Business pessimism is at a 2 year high. Nearly 50% of business leaders believe that things are set to get worse as opposed to earlier this year in February when 64% of business leaders believed that the economy would actually improve.
Well although conventional wisdom in most situations is wrong and generally lags pertinent real-time decisions, we believe people are starting to become more and more aware of the fraudulent actions and failed policies set forth by our decision makers. In the past few years, we’ve seen groups such as the Tea Party who are extreme in their viewpoints of limited government and back to the basics approach gain a significant amount of momentum and receive a great amount of support from many who are sick and tired of the status quo. As the old saying goes, drastic times call for drastic measures. We are very pleased to see that the Ron Paul movement is truly sweeping the nation. It wasn’t too long ago that most people had no idea how incredibly fraudulent the Fed was and how quickly this one entity is sending this country into a endless spiral downward. People are continuing to wake up. It’s important to share our emails and information like ours with as many people as you know so that they too can be educated and we can collectively make a difference in the world we live in.
As always visit CrushTheStreet.com for news, featured videos, and live metals pricing. If you missed our last video news update, it’s still currently posted on our front page!!! Don’t miss out on our next gold profile that we will be releasing this upcoming weekend.
“If every day is an awakening, you will never grow old. You will just keep growing.” –Gail Sheehy
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