How to profit from the economic collapse

Feb 16, 2009 13:51

Historically one of the safest places to put your money in an economic downturn is in the precious metals market. There are several compelling reason why putting your money into the precious metals market could net you a substantial profit.

The Federal Government is broke. We have the largest debt in our history at close to $10 trillion dollars and growing exponentially everyday. In just the next year it will increase by $6 trillion. Since our debt is incredibly high and we are going through a global recession, we can not expect other countries, such as China, to fund our out of control spending problem.

We have been putting everything on our "American Express" credit card and now it is time to pay the bill. You may be asking yourself how we will pay back this debt since we are broke. The answer is the Federal Reserve will run the printing press. This will increase the money supply and make every dollar you have worth less. The bailouts and stimulus bills being passed by congress are only going to further damage our economy by distorting the value of the dollar. We have resorted to printing money out of thin air to fund our spending. Pretty soon the rest of the world will reject the dollar because of its worthless value. If you think the economy is bad now, wait until we look like the Wiemar Republic in the 1920s and we are pushing wheel barrels of cash around to buy a loaf of bread.

If you think this could never happen in America, it is time to wake up! We are running the printing presses day and night to pay for our spending and debt. Historically the way to preserve your savings, and to actually make money in the market, is to invest in the traditional safe haven of precious metals. Gold and Silver tend to go up in times of economic panic, especially when a currency is being devalued. Not only will the metals increase in value because of inflation, but the whole world is jumping to the precious metals market because this is a global recession and there is no other safe place to put your money. This should drive the metals market straight up.

Our country's economy is made up of 2/3 spending. Now that we don't have the power to borrow money to fund the economy, the standard of life will dramatically go down. We hardly export anything but dollars which the rest of the world is slowly starting to reject and have nothing to fall back on to get our economy rolling again. In order to preserve your wealth and ensure that you will have money in the future, it is vital that you get out of the dollar and into hard assets so you do not see your life savings disappear before your eyes. Take action ASAP, before its too late and you're wishing you had made this decision earlier. Buy Gold and Silver today!
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