Friday, March 8, 2013

The US Now A Sequestration Nation? So What!

By Anne Trimble


Now that our nation's politicians, led by President Obama, have concluded their histrionics over "sequestration," and the automatic $85 billion in spending cuts have been written into effect, the question becomes: So what?

Last week, the White House awkwardly confessed to the nation and the world at large that President Obama had been "for" the sequestration cuts all along. He actually came up with the concept. This was before he alerted us of all kinds of disasters that would befall America if we risked a simple 2 percent cut from our prepared 2013 spending.

In real life, this was a non-event. Even Wall Street took the news in its stride. Unless the federal government gets vociferous about lowering spending even further, "boy who cried wolf" situations--like the sequestration hullaballoo--will keep happening.

The final point is that the sequestration cuts will not impact runaway federal spending. Furthermore, our economic circumstances are so dire that the U.S. budget plan talk will not change the future of America nor will it ameliorate the world's economic climates. There's little that can be done prior to an international monetary collapse. The way things are going, the worldwide financial collapse will make 2008 resemble a walk in the park.

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 Mattive and numerous others, including Real Money USA, have mentioned, our country's commitments to entitlement spending--such as Social Security and Medicaid-- have actually bankrupted us. Obama's piling on of still more, discretionary spending with things like Obamacare is simply devaluing the U.S. dollar yet more. Such initiatives only guarantee that the next monetary panic will be immeasurably worse than before.

What can you do to protect your estate, your monetary investments, and your income in the midst of this madness? Purchase God's Cash, gold and silver.

While precious-metals prices have actually dropped recently, this is easy to explain: you can be sure that this is short-term technical correction. The inexorable movement in the value of gold and silver instruments is upward.

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?




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