The traditional American economy is now clearly into the dump phase of a managed “pump and dump” cycle that began in the mid-1990s with the “strong dollar policy.”
The housing bubble engineered by the Clinton Administration and perpetuated by the Bush Administration is losing steam. The government’s ability to print Treasury and agency securities and the Fed’s ability to print currency are increasingly questioned and under pressure globally. As this happens, the significance of the intentional siphoning off of assets and equity from the American economy and industrial base over the last decade – including +/- $4 trillion missing from federal government accounts – is becoming more apparent.
What does this mean to most Americans? A steady decrease in income, a steady rise in living and interest expense and a leveling off of housing prices – even a fall – at a time when most Americans are saving less and seriously overleveraged.
The biggest policy questions of our day are “Who is siphoning off our wealth?” and “How do we restore and reverse the flow back into our families and communities?”
Solutions to the financial drain in our communities necessitate we assert control of our local economies and government sufficient to assert control of the national and international governmental financial mechanisms that are managed on an uneconomic, unethical or criminal basis. To build the power to do this begins with taking advantage of the many opportunities we have individually to understand and bring transparency to how money works in our community and to vote with our bank deposits, our purchases, our investments and our time and associations.
One of the components of Solari Portfolio Strategy – my vision of how to build real wealth with your investments – is to use precious metals as insurance to help protect your assets and provide liquidity in critical times. Moreover, by taking steps to protect yourself against the manipulation and debasement of fiat currencies, you are taking action in support of freedom and sound financial systems. I am often told that mining companies are bad for the environment. My response is that our current central banking system and fiat currencies are wrecking our environment on a scale that the worst mining companies in the world could never touch.
