Wednesday, October 21, 2009

The Dollar Gets Weaker

Gold Is King

We've all heard the common phrase "save your money." Why do we say that? We say that because we think saving our money instead of spending is the only sure way of protecting our money. But how are we protecting our money when the $1 we save now is only worth $0.97 one year down the road? The U.S. has an average annual inflation rate of about 3% and there is absolutely no way of stopping this. The national debt is already in the trillions and that's not even considering the social security payouts for soon-to-be retirees. So how will the government fix this problem? They won't. They will just get into more debt by printing more money which will weaken the dollar even more. Might as well let the mafia print funny money, at least that money won't be recorded and cause an inflation.

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