January 26, 2011 – Neither President Obama or Rep. Paul Ryan gave me any reason not to take increasingly stronger positions in gold and silver. Between Obama’s grandiose plans and Ryan’s stubborn refusal to give one inch I can’t imagine any real change coming our way in the next two years.
Obama wants to keep his broken and biased policy when his first action ought to be firing then Fed’s entire board. He should replace them with people with real world experience with the economy as Main Street knows it and have no ties whatsoever to Wall Street insiders. Instead we are in for more quantitative easing, pumping more money into Wall Street while diluting the wealth of the common American. The dollar will continue to be weakened in the push to double exports over the next four years. And we’ll plod along as Europe sprints by us and China’s currency becomes the new global standard.
Ryan understandably wants to see growth through trickle down economics and a drastically reduced government. But to do what he wants to do will take years and taking shortcuts could be a very costly mistake. And he offers not one suggestion specific to the immediate crisis.
Neither Obama nor Ryan even mentioned the problems at the state level, yet that is the most pressing issue they face. Stimulus just won’t get the job done fast enough. And cutting back on federal funding will make matters only worse. We need to take decisive and not divisive action right now or the mess will be too big for either side to clean up.
It must begin with full disclosure to the American people. We can handle the truth and we can see ourselves through the most difficult times if we believe the government is on our side. As things are, we must take care of our families and that means strong investments in gold and silver.
Senior Staff Writer – GoldSilver.org