Food, Guns, Gold: “The Record is Rather Clear On the Side of Commodity Money”
June 20th, 2013
If you’ve been watching U.S. financial markets the last few weeks you may have come to the conclusion that something is amiss and that there exists a major disconnect between what’s happening on Wall Street and what average Americans are experiencing on Main Street.
While analysts and experts point to the stock market as a sign of economic stability, today’s massive downswing should make it clear that the system is anything but stable.
The economy, the financial markets, and the U.S. monetary system are in uncharted waters, and as was noted yesterday after the Fed’s FOMC announcement, there is no way out of this mess.
The Federal Reserve and the US Treasury have taken it upon themselves to save us, but their plan seems to be disintegrating right before our eyes.
According to former Congressman Ron Paul, it could get much worse with far reaching ramifications across the whole of the U.S. and global economies. At this rate, if we continue on our current trajectory of monetary expansion, it is only a matter of time before the US dollar buckles. And when it does, it’s going to create widespread disturbances in pricing and valuation models across the entire sphere of investments, goods and services.