In the United States, there is a large debate between capitalists and socialists. Both sides think they’re correct, and they always want to use extreme examples to make their points. Truthfully, our society wouldn’t function without a little bit of both philosophies.
Going somewhere around the middle has always been something that the world has strived for. However, increased government involvement in your finances is not something that you should look forward to. The facts for that can be seen anytime you enter a government building and want to complete a job. Visit this page for more information https://sflcn.com/reasons-why-you-should-invest-in-precious-metals/.
There is an unnecessary level of bureaucracy, and it’s quite a time-consuming process. One of the inventions of the previous centuries was introducing pensions when Social Security was established. That was a great innovation at the time because there were so many people working, and they could take care of the elderly. It’s the ethical thing to do.
In 1935, there were 42 employees for every single retiree. That’s a great number, and the economy started to flourish after the Great Depression. At the moment, that number has decreased significantly. The unemployment rate is high, and there are only 3.5 people working for every senior.
As soon as the number goes below 3, the fabric of pensions starts to crumble. For that reason, it’s important to take measures into your own hands and create the retirement that you always hoped for. All of the lights are shining red when it comes to how the future is going to look like, and we’re on the road to the worst financial catastrophe the world has ever seen.
Why is the dollar not working?
At the moment, most of the public thinks that the United States keeps up with its debt by using the savings of other countries. If that’s the case, then those other countries must have better economies than America. Well, that’s not the case. Click here to read more about it.
Of course, there are some foreign companies and countries that are actually investing in the economy, but it’s not at the rate that the government wants it to be. At the moment, China is the best example. Here’s what’s going on. Most people in America buy products that were made in China.
That’s a widely known fact. That money goes to a Chinese businessperson, and they take those dollars and deposit them to a bank. Then, the bank converts that money and gives the yuan back. Then, that bank uses the dollars and buys more yuan because the reserves are getting lower.
This is how a perfect economy would function. The reality is that the banks don’t want to buy their own currencies on foreign exchange. That will increase prices. Every government wants things to stay the way they are, and they bend the game.
Instead of buying more currencies on the free market, countries like China are creating new yuan out of thin air. This neutralizes the process. If we look at history, this is exactly what happened before the Great Depression. The bubble keeps inflating, and no one knows when it’s going to pop. There’s only one thing that investors can do.
What can you do?
The best thing to be doing is to be investing that money into timeless assets. Whenever and wherever fiat currencies were introduced, they failed. The first example we have is from 407 BC in Ancient Greece. Governments always want to play the same tricks, and the free market always proves that it can’t be cheated with silly games.
Hard money like gold and silver will always outperform something that has no base. At the moment, every country in the world functions on fiat. It’s only a matter of time before the system crumbles. This time, it’s not going to be Ancient Greece that suffers.
It’s going to be the global economy. Everyone is going to feel the crash because precious metals will be making a comeback. Of course, the more of them you have beforehand, the better off you’re going to be in the future. At the moment, central banks are the entities with the most amounts of metals. The wise option would be to get your hands on a few bullions and wait for the perfect time to sell.
