February 07, 2011 – One lesson we can take from the Super Bowl is that we can profit from the mistakes of others; gold and silver investments are a great way to do just that. As individuals our main opponent now is our own government, which is far more concerned with its own survival than it is with ours. But the government’s resistance to change can only delay the inevitable.
By clinging to outmoded policy “emerging markets have grown 85% in the last 5 years,” while ours has stagnated, says Bill Bonner in the Daily Reckoning. Although global investment will more than double over the next two decades, most of the increase will go “to market economies that didn’t even exist 30 years ago.” That is capitalism at work in its purest form.
Economist Joseph Schumpeter labeled the evolutionary progress of capitalism “creative destruction,” a process in which sluggish established structures are destroyed by agile and innovative upstarts. “Extinction is a necessary part of that process,” says Thomas Stevens in the Journal of Economics and Economic Education Research. “Yet extinction is . . . but a product of the choices we make and our ability to adapt to a changing environment.”
Americans have been duped by the government for so long that most believe we are experiencing just a temporary setback and that the government will see us through it. Because of that, few are ready to make the kind of sacrifices that will be necessary to take back the lead in the global economy. Eventually we will all be forced to accept the hard truth, however, and the great spirit that made this country will take over once again.
Until such time arrives, we can profit from our government’s self-seeking blunders. With gold and silver investments we can keep pace as the global economy expands and the dollar gets driven to worthlessness.
Senior Staff Writer – GoldSilver.org