Uncertainty In The Markets<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
The markets are moving fast these days and many people are wondering what's going on. Why are many of the Wall Street cheerleaders talking about uncertainty in the markets? I think there is a lot of certainty. I have been discussing what's currently taking place with my clients for several years now. It shouldn't be a surprise to those who have been paying attention and have common sense. You can't buy into the main stream medias lip service. You have to look at the facts. You can't spend more money than you bring in, period! There are a number of things taking place that bring certainty to the market.
Our elected officials recently extended the debt ceiling in order to print more money. However, they are trying to convince the American people that the budget cuts 2 trillion dollars over the next 5 years. In reality there will be an additional 6 to 7 trillion dollars added to the deficit in the next 5 years.
In the last week we had a down grade in the credit rating. Some in Washington are so out of touch that they are blaming the downgrade on the tea party. Our credit rating will not be getting raised anytime soon. As a matter of fact don't be surprised if it gets lowered again. Guan Jianzhong, chairman of Dagong Global Credit Rating leads China's top rating agency and he said that the dollar's status as the world's reserve currency will gradually be discarded and it will be irreversible. Many are calling for a new and stable global reserve currency. With that said Washington is now talking about a third round of quantitative easing.  Common sense tells us that printing more money is only postponing a crisis that will eventually come unless serious measures are taken. You and I are smart enough to know that if we are broke our problems aren't solved just because we receive a credit card in the mail with a $10000.00 limit. Sure we can survive longer but we are only making our situation worse and prolonging the pain.
US gross debt has finally reached 100% of GDP after the debt ceiling was lifted. US now joins a few countries who have a debt that also exceeds GDP and have become one of the most highly indebted countries in the world.
Maybe these are a few of the reasons why this week JP Morgan announced that they support gold and says that it is still not too late for investors to get into the precious metal. They go on to say that the government needs to take certain measures to get back on track and since they have not been taking those measures, gold will continue its climb up. They mention gold at $2500.00 an ounce by the end of the year.
If you are interested in learning more about how to protect yourself from the crashing dollar and inflation, email or call my assistant Wes Peters and request your FREE information kit today. I am interested in answering all your questions and providing you with all the information you need so you can make an educated and confident decision that is best for you and your family.
 
E-mail address is [email protected] and the phone number is
877-864-1072.
 
Mike Weiner
Swiss America
Senior Account Executive
877-864-1072