Unlike Japan, whose national debt is the largest of all, Americans do not own their own public debt. Much of US debt is owned abroad, especially by China, Japan, and OPEC, the oil exporting countries. This places the US economy in foreign hands. If China, for example, were to find itself unduly provoked by Washington, China could dump up to $2 trillion in US dollar-dominated assets on world markets. All sorts of prices would collapse, and the Fed would have to rapidly create the money to buy up the Chinese dumping of dollar-denominated financial instruments.
Regardless of any looming crisis as an investor, you can safe guard your assets and still profit, in spite of the predicted dollar crash. First you must lessen your risk in today’s weakest currency – the US dollar. You should buy and hold physical gold & silver and keep it outside the world’s banking systems. Where you and you alone have complete control over it, and because gold and silver are true stores of value. During times of uncertainty and regardless of any economic conditions these precious metals have always maintained their true value throughout history.
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