The Collapse Of The U.S. #Retirement Market & Epic Rise In The #Price Of #Gold. Guest Post: " The Collapse Of The U.S. Retirement Market & Epic Rise In The Price Of Gold", by Steve St. Angelo. After Steve's terrific A2A webinar last week, I thought everyone should see his latest.
If you missed the A2A last Thursday, you can find the recorded copy here: Here is Steve's latest. Insightful stuff coming at an opportune time. by, Steve St. Angelo (SRSrocco) The once great U.S. With the recent take-down in the price of gold, many precious metals investors have become worried once again that they may have invested in a DEADBEAT ASSET. Sometimes I wonder how these bank analysts sleep at night realizing they sacrificed their profession in order to dish out worthless propaganda. Now, if we estimate the average salary of a Barclays employee (found here) of $70,000 a year and multiply it by 30,000 workers, the CEO will have an extra $2.1 billion to pass around to upper management as bonuses.
The Great U.S. Getting back to the largest Ponzi Scheme in history, let me present you with the Great U.S. If we look closely at the chart, we will notice three distinct upward trends. Pension Funds Need #Gold Before It’s Too Late. Pension funds need gold before it’s too late. Pension funds need gold before it’s too late By Jp Cortez web posted January 23, 2017 Tens of millions of Americans and their employers pour money into pension plans each month, counting those funds to grow and to be there when needed at retirement.
But a time bomb awaits. The bulk of U.S. pension funds are dangerously underfunded, and the assets are often invested in securities that have bleak prospects for providing income that keeps up with a general decline in purchasing power. A pension plan requires an employer to make contributions into a pool of funds set aside for a worker’s future benefit. The innovation at American Express caught on. Millions of Americans will rely on pensions once they’ve reached the age of retirement. Nothing Is Certain, Except Death, Taxes, and Dollar Devaluation In today’s uncertain times, few things are as certain as the devaluation of the dollar.
Gold Counter-Balances Other Investments Look to Texas for the Blueprint on Gold-Invested Pension Funds. What Can #Gold Do for Our Money? What Can Gold Do for Our Money? One of the chief virtues of a gold standard is that it serves as a restraint on the growth of money and credit.
It makes runaway government deficit spending and major monetary catastrophes such as hyperinflation practically impossible. Opponents of a gold standard can’t defend the political malpractices that are enabled by a fiat currency regime. So instead they spin a narrative about how gold supposedly hampers the economy. According to Keynesian economics, spending boosts the economy while savings contracts it.
Keynesians put the cart before the horse. A gold standard produces deflation, its opponents charge, which incentivizes consumers to save money rather than spend it. The claim that people pull back on consumption when their currency retains value is a red herring. Inflationary fiat money is a tool for governments, banks, and Wall Street to siphon off greater shares of the economy. When a currency is in the process of losing value, people are effectively taxed by holding it.