2010-02-13

Gold vs. The U.S. Dollar

History is essential for seeing and preparing for the future.

In 1971, the rules of money were changed, President Nixon took the US dollar off the gold standard. Today we are in a global financial crisis. In the next few years, those playing the old rules of money will lose everything they’ve worked for. Savers will be losers.

The good news is this transfer of wealth can make you very rich.

Governments have been playing games with money for thousands of years. The Greeks and the Romans tried it as their empires came down. The US government is no different.

Having an understanding of financial history, currency manipulation, and how international banks more powerful than governments control the world, will give you financial wisdom that few people have.

This wisdom will give you the power to make better-informed financial decisions for your future.

The old rules of investing are dangerous. For example, saving money today is the riskiest investment of all. Why save money when governments throughout the world are printing trillions in counterfeit money? Also, counting on the stock market to go up, providing for your retirement or child’s education is for dreamers and fools.

That ‘old’ advice - get a good job, save money, get out of debt, invest for the long term, and diversify - is ‘bad’ (both obsolete and flawed) advice, challenges the status quo.

As you know, bailing out the rich is the name of the game. The question is, have you received your bailout money?

Today banks of the world are printing trillions of dollars. The question is, are you receiving any of that money?

Governments around the world are handing out money. They need people to give their money to. Again the question is, are you receiving any of that money?

“This financial crisis did not just happen. It has been a long time coming…and now it is here. The biggest wealth transfer in world history is on. Just because you are rich today does not mean you will be rich tomorrow. And just because you are poor today, does not mean you cannot be richer tomorrow.

“…our government has the ability to and has been, creating money at will without anything to back it up. You might call this counterfeiting; the government calls it fiscal policy. The whole thing is what we refer to as fiat currency. Throughout the centuries, gold and silver have battled it out with fiat currency.” ~ MICHAEL MALONEY, PRECIOUS METALS & GLOBAL ECONOMY