The US government has five interrelated motivations for destroying the value of the dollar: Creating money out of thin air on a massive basis is all that stands between the current state of hidden depression and overt depression with unemployment levels in excess of those seen in the US Great Depression of the 1930s; it is the most effective way to meet not just current crushing debt levels, but to deal with the rapidly approaching massive generational crisis of paying for Boomer retirement promises; it creates a lucratively profitable $500 billion a year hidden tax for the benefit of the US government which is not understood by voters or debated in elections; it is the weapon of choice being used to wage currency war and reboot US economic growth; and it is an essential component of political survival and enhanced power for incumbent politicians.
Amerman addresses how individual short term, medium and long term pressures all come together to leave the government with no choice but to create a substantial rate of inflation that will steadily destroy the value of the dollar.
If you have savings, if you rely on a pension or if you are a retiree or Boomer with retirement accounts, any one of these five fundamental motivations is by itself a grave peril to your future standard of living. However, it is only when we put all five together and see how the motivations reinforce each other, that we can understand what the government has been and intends to continue doing, and then begin the search for personal solutions.
Amerman discusses the political interests of self-serving politicians; how to hide a depression; a desperate attempt to escape depression by waging a currency war; dodging national bankruptcy; and creating a massive hidden tax.
To read Daniel Amerman article: Five Reasons Why the Government is Destroying the Dollar
BullionBuzz provides investors with quick snapshot of must-read news pertaining to precious metals markets. Continue reading
BullionBuzz is a weekly eNewsletter that offers investors a quick snapshot of must-read news pertaining to the markets and precious metals. Continue reading
BullionBuzz is a weekly eNewsletter that offers investors a quick snapshot of must-read news pertaining to the markets and precious metals. This week: Euro: Current Course Is Leading to Disaster Continue reading