Time was when circling the wagons provided some defense of position. The mentality continues to influence policy even though there are no wagons to circle. Outmoded thinking in today's economy will bring about its own demise.
A headline from this morning's news: Puerto Rico is set to default on its loans. As a US territory this particular default will bring the consequences evidenced in similar conditions to America's doorstep. As 'legal guardian' of the island nation, the US is the co-signor of PR debt. the US taxpayer has the ultimate obligation to cover the payment. Another hack at the American economic lifeline.
If ever there was a better time to trade dollars for gold, it was yesterday. The step-by-step failure of central banks and their governments --Ireland, Portugal, Spain, Cyprus, Greece, Austria-- is not an Nintendo game and so the best real-time defense is a gold defense.
Watch. Read. Learn. Grab Your Lifeline Here
A headline from this morning's news: Puerto Rico is set to default on its loans. As a US territory this particular default will bring the consequences evidenced in similar conditions to America's doorstep. As 'legal guardian' of the island nation, the US is the co-signor of PR debt. the US taxpayer has the ultimate obligation to cover the payment. Another hack at the American economic lifeline.
If ever there was a better time to trade dollars for gold, it was yesterday. The step-by-step failure of central banks and their governments --Ireland, Portugal, Spain, Cyprus, Greece, Austria-- is not an Nintendo game and so the best real-time defense is a gold defense.
Watch. Read. Learn. Grab Your Lifeline Here
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