God’s Words of Strength to His People During Financial Turmoil
Sept. 7 (Bloomberg) — President Barack Obama formally accepts his party’s nomination for a second term and speaks about the 2012 presidential election, his administration’s policies and Republican presidential candidate Mitt Romney. He addressed the Democratic National Convention last night in Charlotte, North Carolina. (Source: Bloomberg)
Recently the International Monetary Fund declared the dollar should cede its role as global reserve currency to an international currency. The United Nations Conference on Trade and Development denounced the dollar saying “the current system of currencies and capital rules that binds the world economy is not working properly… the dollar should be replaced with a global currency.”
And in June, the former head of the Hong Kong Monetary Authority, Joseph Lam, father of Hong Kong’s peg to the U.S. dollar, said “that it’s time to review the U.S. dollar peg.” Even U.S. Treasury Secretary Timothy Geithner has said Washington’s “quite open” to ideas that the International Monetary Fund build a global reserve currency for the world to use.
The Fed’s 100-year experiment in a currency has failed many historians will recognize this as the End of the American Empire if something does not change…fast. After it, Wall Street will be a very different place. The world of investing will have changed forever. Old rules for retirement will be turned on their heads…
It doesn’t mean you have to get crushed by it. If you understand how this will play out, and what is causing this, there’s no reason to panic. You can start preparing right now to protect your assets and even grow your savings in the coming years.
In fact, I believe more money will be made – and lost – in the years after the dollar loses its world reserve status than ever before.
Precious metals has always been a safe haven for investing in uncertain economic times. Precious metals are assets that will never lose their value.
They are not subject to systematic risks as fiat/paper money and hedge/protect your hard earned wealth against inflation and other threats of devaluation.
Cornerstone Asset Metals was established to help guide investors safely in and out of the precious metals market.
» Contact Cornerstone Asset Metals today to learn more about buying precious metals to hedge inflation.
Past performance is not an indication of future potential values.
» Read our article: The Best Way to invest in Silver
» Read our article: The Best Way to invest in Gold
Past performance is not an indication of future potential values.
Related posts