This post serves as a "sequel" to the my earlier post on the Credit Crisis.
The U.S.A. is drowning in debt. The Americans are spending away the futures of their children and grandchildren.
The video below shows just how bad the situation is. I think it is quite frightening.
(This video is the property of "stop spending our future.org")
The Federal Reserves chairman, Ben Bernanke, has just announced another round of stimulus. To put it simply, they just keep on printing the US dollar. The market is flooded with US dollar and this devalues it. Interest rates will remain close to zero for an extended period of time. This increases the risk of asset bubbles forming in emerging markets such as China and India.
Will the US do a "Greece"? I hope not. The US Treasuries still enjoy the highest "AAA" rating.
So how did I protect myself from such a scenario? I predict the price of gold will continue to rise in the future.
I bought 2 pieces of gold coins from UOB last year. A Canadian Mapleleaf gold coin (half ounce) and an Australian Kangaroo gold coin (half ounce). I wanted to buy the Singapore Lion gold coin but the price has already skyrocketed. -__-" sighz...... So I only have 2 beautifully shiny gold coins to hedge against any hyperinflation :)
I also have some commodity stocks such as Noble Group and Advanced SCT (Scrap copper)
Let me know your thoughts by commenting below.
Peace Out :)
U are real good
Gold has risen to crazy price already
I would like to say a thing or two about the current condition of the american economy. This is one of the hardest periods in the countries history. Their does not seem to be any consensus about the trends for the economy one week the economic news is good the next week its bad. Their seems to be no consistency what so ever when it comes to economic matters. Mcdonald’s recently hired fifty or sixty thousand people out of one million that applied maybe mcdonald’s should change their great old saying you deserve a break today at mcdonald’s to you deserve a job today at mcdonald’s. As far as those banksters go I say lets exchange those three piece suits and briefcases for a pick' a shovel' a bucket' and some pinstripes.
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