Since our nation's political leaders, led by Obama have concluded their histrionics over "sequestration," the question is "what's next?" Now that the automatic $85 billion in spending cuts have been set into motion, the new concern becomes: "now what?"
It was embarrassing to watch the White House admit to the nation and to the world last week that the president had been "for" the sequestration cuts - in fact, had come up with the idea - before he more recently turned against them and warned of all kinds of disasters that would befall America if we dared to cut a mere 2 percent from our planned 2013 spending.
In reality, the entire sequestration issue was such a non-event that even Wall Street took its developments in stride and was unfazed about the outcome. And, frankly, unless the federal government gets serious about lowering spending, melodramatic situations like sequestration will keep taking place to deflect the real issues that we are facing in this nation.
The sequestration cuts will not impinge on runaway federal spending. The U.S. budget plan deficit is so dire that it not only jeopardizes the future of the American nation but also jeopardizes worldwide economies. But there's little that can be done before we encounter a world financial collapse that will make 2008 appear like a cat walk.
Or, as Nilus Mattive at EasyStreetInvesting.com put it, the sequester was "like a deeply indebted family arguing about how much they spend on soda while ignoring their mortgage payments!"
As many financial advisers, including Real Money USA, have actually pointed out, our country's dedication to entitlement spending such as Social Security and Medicaid have, in fact, effectively bankrupted us. Obama's stacking on still more discretionary spending with efforts such as Obamacare is just adding one more card to a house of cards. It's weakening the U.S. dollar still more and guaranteeing that the next fiscal panic will be immeasurably even worse.
What can you do about shielding your assets and financial investment income in the midst of this madness? Buy God's money, which is silver and gold.
While precious-metals rates have, in fact, dropped a little just recently, you can be sure that this short-term change in pricing is just a technical correction in the inexorable motion upwards. The market will increase the worth of gold and silver instruments.
Why else would the Fed and the world's other central banks be continuing to hoard God's Money, when all they need to do to keep their economies afloat - or so they believe - is print more of their own currency?
It was embarrassing to watch the White House admit to the nation and to the world last week that the president had been "for" the sequestration cuts - in fact, had come up with the idea - before he more recently turned against them and warned of all kinds of disasters that would befall America if we dared to cut a mere 2 percent from our planned 2013 spending.
In reality, the entire sequestration issue was such a non-event that even Wall Street took its developments in stride and was unfazed about the outcome. And, frankly, unless the federal government gets serious about lowering spending, melodramatic situations like sequestration will keep taking place to deflect the real issues that we are facing in this nation.
The sequestration cuts will not impinge on runaway federal spending. The U.S. budget plan deficit is so dire that it not only jeopardizes the future of the American nation but also jeopardizes worldwide economies. But there's little that can be done before we encounter a world financial collapse that will make 2008 appear like a cat walk.
Or, as Nilus Mattive at EasyStreetInvesting.com put it, the sequester was "like a deeply indebted family arguing about how much they spend on soda while ignoring their mortgage payments!"
As many financial advisers, including Real Money USA, have actually pointed out, our country's dedication to entitlement spending such as Social Security and Medicaid have, in fact, effectively bankrupted us. Obama's stacking on still more discretionary spending with efforts such as Obamacare is just adding one more card to a house of cards. It's weakening the U.S. dollar still more and guaranteeing that the next fiscal panic will be immeasurably even worse.
What can you do about shielding your assets and financial investment income in the midst of this madness? Buy God's money, which is silver and gold.
While precious-metals rates have, in fact, dropped a little just recently, you can be sure that this short-term change in pricing is just a technical correction in the inexorable motion upwards. The market will increase the worth of gold and silver instruments.
Why else would the Fed and the world's other central banks be continuing to hoard God's Money, when all they need to do to keep their economies afloat - or so they believe - is print more of their own currency?
About the Author:
Want to find out more about gold and silver, or visit Anne Trimble's site to read her candid autobiography Faith Through The Flames.