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Introducing new 'Investor Insights' feature
Posted By -NO AUTHOR- On 12/22/2009 @ 12:00 am In Front Page | Comments Disabled
Never in modern history has there been a murkier economic climate for the small investor looking to safely invest his funds and retire comfortably.
To help clear the air, WND is introducing readers looking for sound, reality-based investment information to the respected financial research outfit Stansberry & Associates.
“Within the next 12 months,” he explains, “the U.S. Treasury will have to refinance $2 trillion in short-term debt. And that’s not counting any additional deficit spending, which is estimated to be around $1.5 trillion.
“Put the two numbers together. Then ask yourself, how in the world can the Treasury borrow $3.5 trillion in only one year? That’s an amount equal to nearly 30 percent of our entire GDP. And we’re the world’s biggest economy. Where will the money come from?”
After clearly explaining the whys and wherefores of the U.S. government’s huge short-term debt load, Stansberry shows why there is simply no way to avoid defaulting on the upcoming payments other than massively inflating Americans’ currency.
“All of this,” Stansberry summarizes, “is going to lead to a severe devaluation of the U.S. dollar, which I expect to happen within 18 months. If you haven’t taken steps to protect yourself from the coming devaluation – like owning gold and silver bullion, foreign real estate, and farmland – make sure you do it soon. The dollar rout is coming.”
In his next column, “The inflation hedge that returned 7,000 percent,” Stansberry focuses on one investment that has out-performed even gold.
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URL to article: http://www.wnd.com/2009/12/119867/
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