My name is Dick Young, and my message
for you today is quite simple. This is a historic moment for our great
nation. The choices made by our dearly elected officials over the next
12-18 months could do more to shape the future of our economy, national
security, and personal and financial futures than any other point in our
collective memory.
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Never was that more true than today.
In the name of “helping,” the federal government has made a hash of America’s economy:
- Jobs are not being created, thanks to the mountains of paperwork, regulations and now ObamaCare that stand in the way
- Savers are not being rewarded—the lowest interest rates in
decades have left retirees with little option but to take on risk to
generate income
- Banks are gambling on trillions in derivatives, but you and I will have to pay for their destructive losses
- The Feds didn’t just cause the housing bubble and its meltdown—they’re now standing in the way of a legitimate recovery
- Instead of developing meaningful domestic energy supplies,
they subsidize the great ethanol scam and keep us hooked on foreign oil
- A disastrous trade policy has outsourced our jobs—and the future—to China.
A Force-Fed Goose Is Good
for One Thing Only…
…Fois Gras!
Digging your own grave would be one way to get exercise—but it’s certainly not the method I would advise!
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Our economic environment is entirely manufactured, and I’m sorry to say, it simply cannot be sustained.
Call it what you will— election-year math, funny math, or simply outright ignorance or even lies. It’s all the same to me.
I have been analyzing our economy and the global investment climate, along with our government and central bank, for nearly 50 years. And the hard truth is that I simply have never been more concerned about the state of our national affairs or our economy.
The United States is bankrupt.
Since 1913, when Woodrow Wilson signed the Federal Reserve Act into law, they have guided the U.S. on an increasingly perilous course with few exceptions. The model developed by the politicians this century has been a predictable bust.
Our interventionist Federal Reserve has created a distorted illusion of prosperity that is ultimately going to snare millions of Americans in its ugly trap.
The Fed is printing new money at unprecedented, truly ridiculous rates. Meanwhile, “nanny” Bernanke has manipulated interest rates to exceptionally low, entirely artificial levels.
My friend, reality will prevail.
It always does.
And in this case reality is going to be a smelly rocket launch of soaring inflation.
Neither Barack Obama nor Mitt Romney want to admit that it almost doesn’t even matter which one of these clowns wins the keys to the White House this November.
The forces I’ve just described are already severely entrenched. The rocket, if you will, has left the launch pad—at this point it would take an act of God or the type of gutsy political maneuvering we haven’t seen in this country for generations to stop the nasty momentum already in play.
I don’t know about you, but I just don’t believe that either of these men has the gumption, or the political capital, to avert an economic crisis of this magnitude.
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