What the experts have predicted for years is now happening -- the dollar is falling, losing a huge percentage of its value compared to other major world currencies.
This affects every transaction and every business decision. It affects your savings, your investments, and your retirement. It affects your children and your children's children.
This loss in the dollar is a direct result of the long term and short term monetary policies of our government -- our country has spent and borrowed for so many years that our national debt is now beyond control. As of today, December 21, 2009, we now owe $12,110,744,655,959. That's $39,383 per person -- including those in diapers! The share of the national debt for a family of four is $157,532.
Can we EVER pay back such a crazy amount of money?
It's difficult to say, but we are witnessing the end of our country's leading position in world influence.
A result of the dollar's weakness is the strong price of gold and the stock market. Both have shot up, and as long as the dollar's fall continues, gold (and maybe the market) will continue higher.
What can you do to protect yourself against this? Vote for those who care about this issue, invest in global companies, and invest in those areas that guard against the affects of inflation.
And buy precious metals -- gold, silver, and platinum. They have historically protected individuals against the ravages of any weak currency. Now, that weak currency is here -- in the US -- it will be the gold, silver, and platinum that will protect our assets too.
And lastly, stay alert. Read the news, stay informed, and ask around to those experts you trust for their opinion and predictions. We must adapt and alter our strategy as the need arises.
Call me anytime.
Al
